text stringlengths 7 8.64k |
|---|
ask yourself, if you used a decentralized crypto for retail purchases (point of sale, online), would nano's characteristics (e.g., fast, feeless, green) be what you'd prefer? |
as close to instant as we have (barring things like network attacks, which has happened but nano survived) and free. it is already able to be used. try the product yourself then make a decision on investing |
this 2miners news is massive for nano. i dont think people are appreciating how big it is. it's the first time that people participating inmining pools can get daily payouts for free, instead of having to wait a few days or a week to accumualte enough profit in order to make the hefty withdrawal fee (tx fee) worth it. nano allows them to cashout daily, as they have to pay zero fees on the transfer. in fact 2miners recently said they are considering offering the ability to do more than 1 payout per day w nano since it is free and so doing more withdrawls for them makes no difference |
nice how you try to say "it is not moving at all" in a positive way. |
that definitely adds up! wenano is fantastic! |
i think its worth a small investment. if not for the supply shortage, it still is a legitimate crypto with many use cases. |
>an increase in demand it will lead to a push in price what makes you think there will be an increase in demand when volume has steadily dropped year over year? |
exactly. or to compare apples with apples, 1 nano is 2,000x cheaper than 1btc (in market cap terms). considering the tech behind nano, i quickly made my choice. it would not last forever until btc holders start to get nervous and diversify their juicy profits into promising coin like nano with infinite more leverage |
the protocol allows for the decimal to be shifted easily. the entire economy of the planet could be run off of a single nano. |
and that is why things are about to get very interesting very soon. if coinbase were to list nano, they would need to buy a large amount of the supply to support the volume. binance which is the second largest exchange, holds 26 mil nano. i would guess coinbase would need double that number to be safe. soon enough, there isn’t enough supply of nano to go around if people continue to hold. |
if coinbase decides to list nano as well and buys up a big chunk of the supply - and people continue to hold, i could see price shooting upwards of . |
well, in my opinion, nano is at least as valuable as litecoin, which would make it currently . (i think it could go much higher.) |
banano will 200x in the next year. |
if you like banano, wait until you hear about ananos |
it was not just a single hacker, there was a very basic flaw in the code which if you knew what you were doing could get more of any crypto out of the exchange. many people "hacked" the exchange. 4 million is in the hands of italy's goverment and the rest is unknown...i would say a large amount has already been put back into the market. |
bitgrail hack was 3 years ago, reasonable to assume that hacker sold off most of their stack between then and now, but they’re still circulating. the bitgrail exchange bankruptcy custodian still has 4m nano that will need to be liquidated at some point, but this often takes years. i don’t agree with op’s analysis since all of us are holders of the 137m nano that can buy and sell freely, but do agree with his conclusion that nano is a great hold, particularly because the fourth largest eth mining pool now defaults to paying out rewards in nano, and is doing market buys that should soon reach + per day, and has been growing exponentially. edit: changed third to fourth per |
not sure if anyone has more info on this and if that wallet has been active. i've read reports in the past that the italian police seized the assets of bitgrail - not clear if someone can actually liquidate this. |
not anymore. whoever took nano from bitgrail probably sold off during the epic dump in 2018 when nano went from . then if that did not shake them out, (which they definitely did sell by then btw, lets be honest), then the next two years of bouncing between $.75 and . anyone who's not a huge fan of nano, and in it for the long run, sold out during the past 3 years of crypto winter. so although the hack was terrible at the time, and unfortunate for anyone who lost money on bitgrail, we can at least rest assured that the hacker no longer has that nano, and it is all back into circulation' wallets now. |
it was not a hack. it was that you were able to xfer more than you had in your wallet. so the "hacker" was probably some dude that made a typo and realized it went through |
if i may piggyback off your comment, mining pools are seeing an increase in the popularity of payouts in nano. 👀 |
unfortunately no. you can buy it on binance, kraken, [crypto.com]( and kucoin |
bear case that i see here is if crypto in general is a bubble and doesn’t get adopted. however if overall crypto market cap continues to grow i think there will be a place for nano as it’s the cheapest, the fastest and the quickest. |
the incentive to run them is to continue to build on the integrity of the network. by running a node you help increase decentralization and security, therefore increasing the value and utility of it. |
i would suggest using gemini to buy ltc. then, create a kucoin account. withdraw your ltc to your kucoin account sell ltc on kucoin for usdt use usdt to buy nano pretty fee intensive unfortunately, but that is new york for you. ironically nano eliminates the need for all of these fees… |
you can’t on binanceus? if not, crypto.com, or kraken. :d |
i love the fun meme culture. but the developers also hold a very large amount of the supply. financially i think nano has much more potential but will still enjoy having fun in the banano community! |
check out this mining pool that implemented nano payments last week |
i can direct you to safemoon or shib posts if thats more your style |
the other comment mentioned it well. why pay a small fee when i can pay 0 fees? do you pay small fees to send a text? send an email? make a phone call? comment on reddit? adoption can only happen if it is drastically better than the normal. fees are not better than no fees when i pay with a credit card. as a side note, when any crypto burns their own crypto to increase the price, that is a massive red flag imo. |
looks like many people have already replied to you, but i just want to add one thing. blockchains ike bitcoin and bitcoin cash never reach **finality**, transactions on these networks just become more and more **confirmed**. nano transactions reach **finality and become fully settled** in a second or two, whereas btc%, they just become more and more *confirmed*. this is something interesting i learned recently that i thought you might find interesting too. thank you for asking questions and being curious about nano though! :) |
raiblocks* yes i was there |
i havent' seen anyone mention nano in here for 2 weeks. then we get one post about here you are complaining |
not trying to shill it. just my prediction based on my research, feel free to argue it. i also am intrigued by some other projects like proton and vite - both feeless cryptos. not just in nano |
has nothing to do with the gme short squeeze. did you read the post? |
i think you might be referring to banano |
this theory is actually not based at all on the usefulness of nano. while i do think nano is one of the most innovative cryptos in the space - and can actually be used as an international currency - this post is just about the supply shortage that nano will run into in the near future. of course, adoption will speed that up, but just in general if the crypto space continues to grow we will see a supply shortage here. |
is ln feeless, i heard you have to settle at some point? sorry if this is a silly question. |
at one point, bitcoin was not considered a safe bet. ln may be fast, but it is not feeless, and, being layer 2, it is barely even bitcoin. |
bitcoin came out in 2009, and it took institutinos 11 more years until they started catching on and buying it. nano's only been on the scene since 2017... things take time |
literally no where in this post does it mention a short squeeze. |
\*supply squeeze 21m btc in existence, \~56m millionaires in the world...think about what happens when every millionaire tries to buy just 1 bitcoin \~46m nano left in the market (higher total supply of course), but at a significantly smaller market cap. doesn't take as much buying money to make big moves in the price. also short squeezes do happen in crypto, just look at the 24hr liquidations on bybit.com |
it is not "older", bitcoin is older while nano is quite young. and nano's tech makes bitcoin's tech look terribly old and outdated and wildly inefficient. name one way in which bitcoin is better than nano? |
if there is such little demand, what drive it from .20 to ? it’s literally being used right now to make payments to miners. it’s proving every day now for 10 days that it’s network is superior to eth and btc. i’m sorry you feel this way but you’re not looking at the bigger picture. |
did that ages ago bruh |
523% gain in one year is “not moving at all”? the expectations of crypto buyers have become completely delusional. |
i second the small investment. better safe than sorry (i know that we're on wsbcrypto but wtv) |
fair point. i suppose it depends how well it’s adopted in the future. i also eat crayons |
been waiting for coinbase to list nano for years |
maybe nitpicking here but pretty sure binance is significantly bigger than any other exchange. |
there's not enough words for me to explain my excitement at this prospect. |
charlie lee (creator of litecoin) likely even owns nano: |
yes, i choose to live in this reality. |
i have a few million of those also. |
yup. it was a shit coded exchange. basically deposit 1 eth in bitgrail, get 3 credited eth. small group found out and lasted months before the idiot owner found out. |
where do see 2miners being the 3rd largest? i just looked it up on and it is ranked 6th and 20th but rank is kind of meaningless without factoring hashrate and it only accounts for 3.4% of the eth hashrate. |
i dont think they can truly "seize" crypto, tbh. but i feel you on the speculation. |
i have an email about the lawsuit but it is all in italian |
what happened was that a small fraction of all nano that was supposed to be on the exchange was remainng after the hack. about 80% of the exchange funds had been stolen. so the local courts took the remaining 20% and the idea was that that was supposed to be divied out to users of bitgrail who had their funds stolen, (to at least parttly give people their money back). i do not think they ever thistributed it though, maybe they did but i never heard about it. |
they are still not lost then |
here, some info about mining rewards paid in nano : [ on [2miners.com]( +4,000 miners have switched for nano payouts in less than a month... this makes me smile a lot. such a wonderful paradox : being paid for mining with perfectly deflationary, non-mineable, green, feeless, near-instant-trx tokens ;) |
thanks. im really tempted to buy . i may download kraken later tonight |
you can also get it at wirex. good rate!! |
why provide integrity to the network without gain? what's there to stop a 51% attack? |
thats because we're still in thistribution phase and banano is given out for free. if you're buying it then youre doing it wrong. just be part of the community, post memes, create content and people will tip you banano. |
what can nano be used for? |
care to elaborate on each point with technical details? |
> why pay a small fee when i can pay 0 fees? someone is paying for it. there is no free lunch. > do you pay small fees to send a text? sms is paid for with my phone bill. > send an email? corporate email is paid for the whoever owns the mail system and all that it entails. google makes money off of you on the back end like every other free service. when something is free, you are the product. > comment on reddit? reddit makes money via advertising. > fees are not better than no fees when i pay with a credit card. the merchant pays the 3% when you're use your cc. > as a side note, when any crypto burns their own crypto to increase the price, that is a massive red flag imo. well thus far, your opinion is worth exactly jack and shit. you are an incredibly uninformed individual but i do hope one day you'll pull your head out of your ass. i'll be more than happy to help. edit: eth is burning like a mother fucker and(over 2 billion dollars burned this far) and will lead to the coming bill run. |
my pleasure :) can you expand on the 'finality' of nano transactions? i consider something written into a highly secured blockchain as 'final'. |
the pain still cuts deep |
what is proton? any link? have no fee like nano? |
unless nobody uses and buys nano. if there are 'only' a couple dozen million coins available, but nobody is interested in them, there would not be a supply shock. |
ln is not feeless. if it is advertised as feeless that means the channel operator is paying for the fees for you. it is also very centralized. |
if you centralize your coins into a channel operator, they pay the fees but believe me you will still be paying them since they hold your coins. if you do not want to centralize your coins, you pay all the opening and closing channel fees and have to run a bitcoin node for your trouble. the reality is one option is not safe and the other option is not scalable. neither will be feeless. |
security(both current and long term at least until block rewards run out), longevity, spam resistance, volume, developer interest, mainstream interest, institutional interest, name recognition, adoption, use cases. |
it is literally maybe the single only crypto that is been adopted by companies and customers by free will, just becasuse nano truly offers an advantage in that it allows free value transfer. people are massively sleeping on nano, it is quite weird |
fyi, nano fans usually try to acquire 133, to reference a millionth of the original 133m supply |
just check the ath and tell me how it went for "long term holders" of nano, ex xrb. i remember raiblocks, do you? |
yes binance is astronomically bigger than any other exchange. coinbase 7d volume is 22 billion while binance is at 785 billion. |
is there a source to reference this. i'd like to see it. 32m is not to bad. they deserve to pull a salary and money put of something they created and are actively working on. if banano can get a 4 billion market cap... yes that could be a ways off 32 million coins sold at different points on the way up is ok. its better then a rug pull. |
i was being conservative. 1000x in 5 years. |
was using this reference but correct me if it’s wrong |
has the bitgrail funds ever moved? is there a chance they are really lost? |
thanks for the info. any idea on where the stolen 80% ended up? is it actively being moved around? |
i've been wondering how mass thistribution could work fairly on lo and behold |
give it a try! that's ! |
the network actually requires 67% approval of a transaction instead of 51%. you can see the nakamoto coefficient breakdown here nano is one of the unique use cases where you help decentralize the network for no direct monetary gain. if you’re familiar with torrenting, the process worked the same way. when you’re done torrenting a file, you then donate your network to help upload that file for others so they can also benefit from the collective network. there was no financial incentive other than contributing to the same network you benefit from. this is the same process with nano. |
you may have a hard time fathoming that poeple would run nano nodes for no direct financial compensation, but if you just stop and think about it it is not that hard to imagine. personally, i can easily see why a company or organization would logically want to run a node; if a company is accepting payments in nano in order to save 1-3% on every transaction which they normally give up to credit card payment processors like stripe or square, (this 1-3% can equate to tens or hundreds of millions or billions of dollars depending on the company's sales volume), then they will have no problem with the measly & security of the network. |
the original theory from the nano designers was that if you own big pile of nano you do not want the network to get hacked because it means you would lose your nano, this alone would be enough incentive (from design point if view). this has to be at least somewhat correct, with exchanges all running their nodes as proves. the actual reason for other people running nodes could be more complex. one of the reasons is that running nano nodes is relatively cheap. but no matter what, quite a lot of nodes are running for whatever reasons for years. |
the ability to use a 51% attack, you have to buy 51% of the nano supply. good luck with that. it will get to a point where price will moon and becomes very unaffordable and expensive. 1 coin = 1 vote for representative. if you have an evil representative, we can always change our representative vote to someone else. |
hey man, this might be interesting for you to read :) explains the insentive pretty well |
i thought they created it as an introductory coin to the crypto ecosystem? is there more to this meme coin than imve been led on? |
what other currency allows you to send 10mil with 0 fees, and tip 50 cent to someone also with 0 fees. you can literally transfer entire cities around the world instantly, for free and faster than you blink your eyes. |
nothing. you can only spend it. cant be used in defi. cant use nano to make more money with it. no wrapped nano. you cannot loan against it on other chains. nano is literally only here for microtransactions and to spend it. also poors like nano. just my 0.02 sats. |
hmm let’s see. 1. fastest coin available, much faster than bch 2. completely feeless. 3. eco friendly 4. decentralized |
it is kind of common knowledge stuff dude, you're free to go look up the details if you really want to see them. the stuff you're trying to put up arguments with are things that anyone who knows anything about crypto on a technical level would not be arguing. |
relying on a crypto burn for your bull run instead of actual fundamentals. giant red flag. you’re still missing the point. the user is not paying for emails, comments, texts. it is built into the network and the user will use the most frictionless option. the user who doesn’t know anything about crypto is given two options: option 1 pay a small fee option 2 pay no fee they’re taking option 2 every time. just like how you choose to not pay per text, per comment, per email, etc. |
lol you seem to not understand that nano has no tx fees. it is just a fact. do you not beleive this? lol |
it's healthy to be sceptical especially in this space, but i think you just need to try it. get a tiny amount of nano for free from a [faucet]( get [natrium]( (best phone wallet app). and then just send nano between two of your wallets. you will be amazed. sub second transaction times. send 1 nano and receive 1 nano. **you'll quickly realise, feeless is so much simpler than sending 1 coin and receiving 0.9999 coin.** not to sound cliche but nano is revolutionary. [feeless, near instant, decentralized, with the bonus of extremely low energy usage]( it was susceptible to a spam attack at the beginning of this year but that has lead to some [innovative fixes]( for robust spam protection without compromising on its speed, decentralization, or feeless characteristics. |
here's some articles about finality in general: * [ * [ * [ "the finality of a bitcoin transaction is probabilistic, it is not absolute." \-- as for nano, you can read more about consensus and finality here: [ "since nano transactions are processed individually and asynchronously, ***deterministic*** **finality (irreversible, full-settlement)** is achieved in a short period of time, typically less than 1 second 1." \-- nano transactions become completely and irreversibly settled extremely fast - i think this is a feature that could be an important factor for a business deciding what crypto to use |
bitcoin had mt gox, not sure why a exchange hack is relevant in today’s market |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.