Can we get FUD nano thread going. This shit fucking stinks of bears. Vaporware sponsored by neats lunch money.
Can we get FUD nano thread going. This shit fucking stinks of bears. Vaporware sponsored by neats lunch money
Aiden Green
Other urls found in this thread:
blog.linuxserver.io
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Daniel Watson
They literally and unironically hired an ethot with a high 6 figure income with no previous experience as their COO, and since then have refused to release a single financial report while dumping Nano at will.
Pic related
Nano is valuable as a technology , but their "decentralized" network with a couple Chinese whales picking binance and 2 other servers to auto vote on transactions is worthless. Their initial "fair" captcha distribution was held behind closed doors and likely mostly dominated by the origional devs and their friends. The only advantage now is most of them redistributed on mercatox listing when the coin they had millions of for free became worth anything.
Nano the tech - good
Nano the coin - near worthless
Why would you ever buy this when anyone can fork Nano now and use their own distribution method by spinning up a couple Docker contianers? blog.linuxserver.io
There is no underlying value to the Nano network.
Levi Watson
Their TPS was a lie
Adrian Gutierrez
PoW = Labor theory of value. ETH devs have admitted they're communists.
Nathaniel White
Thanks for the buy signal
Elijah Hughes
Distro is a tough subject , but what Nano did with a captcha bot holds no value , definitely not hundereds of millions of dollars.
Thomas Hill
It surprises me the amount of ignorance in this post.
How did people end up believing PoW give value to a coin?
Dominic Brown
Buy signal
Parker Cook
value is what people who use it agree that it's worth + scarcity. no more NANO will ever be produced.
to paraphrase Colin: if you spend a lot of time and effort to dig holes in the ground and then fill them back in, have you created any value because of the effort it took?
Jacob Lopez
Please explain what the actual value of the underlying infrastructure Nano has deployed has?
I would bet a couple thousand dollars a month in hosting bills max.
Anyone can deploy a fork and possibly handle distro a bit better.
Connor Sanchez
i just told you. whatever the people who use it agree that it's worth. miners are dumb, no wonder they were duped.
Josiah Hughes
>Anyone can deploy a fork and possibly handle distro a bit better.
go ahead. no one is stopping you. it's open source code
Andrew Hernandez
marxist theory of economics, look how well that turned out.
Value is created by many factors, but in the case of NANO it is partially due to the costs saved by use of the technology. Which is 3% fees per credit and debit card transaction. It is also the permissionless nature of the protocol, allowing anyone to partake in the network. This is not the case with bank regulated services such as credit and debit cards. In addition to this, the non-inflationary nature serves as a hedge against fiat currency, so as fiat is devalued or diluted by inflation, other assets which are traded and measured against it will conversely increase in price.
Case in point, what are the value of collectors items, digital in game items (runescape hats), or other rare oddities such as vintage, antique, or otherwise items that cannot be simply obtained or created. It isn't the cost of production which gives these value, but rather to what extent they are desired by a buyer.
>tl;dr
learn2econ
Jacob Miller
read this twitter thread and you'll see. NANO is inevitable.
mobile.twitter.com
William Wright
>cost saved being rent seek'd by pajeet scammers instead of regulated credit agencies
Holy shit
Michael Mitchell
??? No one in the Nano Foundation is a pajeet and the network has absolutely zero fees. No rent seekers here broski.
Thomas Perry
>can't refute logical points
>resort to name-calling
>that will surely help me win the argument
David Williams
Oh I think I see what you are saying, the miners want the fees that the credit card agencies take, in addition to the hedge against inflation BTC and other crypto provides. Yea, NANO is definitely the right direction to get rid of parasites like this, and one step further than blockchain 1.0 based tech.
Grayson Wright
Blake Morgan
This is coordinated discord trannies , I garuntee it.
No one has this much blind faith in such a clusterfuck of a project.
If you cannot even acknowledge that the main nano network has a questionable distribution and is heavily centralized around auto voting from code the devs push and a couple reps then you need to rethink your entire outlook on this stuff.
Ryan Edwards
Evan Gonzalez
haha transaction go woosh
Charles Anderson
>it's gotta be centralized because i've studied this guise
seriously though, anyone who understands economic theory and the progression of technology towards efficiency knows this is the best cryptocurrency. the fact that it doesn't rely on roadmap development marketing hype and works right now is icing on the cake.
Christian King
Guess what? You are losing.
Jason Scott
Ok code genius, you have a million nano you are running a rep.
Now explain to me how to vote against a transaction ?
Oh you can't , that is what I thought.
Bentley Allen
why would you vote against a transaction? this is censorship resistant money, the entire point of crypto. node only confirm the first transaction in the event of a double spend attempt.
Nathan Phillips
wrong pic
This is also 2 years ago, distribution is way better since
Kayden Jenkins
current distribution
Nathaniel Hughes
But which one is first the proto is not dated and syncronis ?
That is the whole point , you are simply leaning on the node code 100% to automatically do everything there is no objective decentralized consensus.
Listen I get that you think you are smart and have ingested mountains of information on this subject.
That does not change the fact that voting all revolves around the code the devs push as a point of centralization, you would literally need to hack the source code and compile your own bins with a new feature set to be able to even think about self resolving and voting on double spend forks.
Dylan Perez
The nodes have the option to update or not. If they so choose they can use custom software and cause a fork. Just like how BTC miners can choose if they want to increase blocksize, utilize segwit, etc. And if the nodes perform contrary to the holders aims, the holders can redirect their votes to different nodes. It is a far better system than whoever can generate the cheapest electricity, as we see with China controlling majority hashrate for BTC.
You have no idea what you are talking about.
Jaxson Peterson
>be miner or node operator
>rely on code by cockstream