/biz/ - Business & Finance

>>30128622
DIDN'T READ
NEVER SELLING

>>29697711
Why would I be sweating when I am up several hundred thousand dollars, while holding a direct competitor with better tech than the leading champ? Bitcoin was inevitable due to issues with the dollar. Nano is inevitable due to issues with BTC.

As a previous Bitcoin maximalist, I recently sold all my BTC for NANO. The more I educate myself, the more I become more of a NANO believer. I thoroughly believe Bitcoin has gotten too far dislocated from what it was meant to be and is fundamentally flawed to the point where the only solution is centralization (Btw, this isn't a solution. BTC's fate is to be a collector's item for the rich). I want to explain to you what happened in Bitcoin these last couple days

F2pool unloaded a shitload of BTC to exchanges. Opened a leveraged short position on BTC, dumped their coins, and profited massively. This leads to centralization because now this bad actor has a ton of new capital to invest compared to their competitors. Inflation leads to corruption (mining cartels, leveraged shorts, etc). With NANO the only way to accumulate is to buy it. Sure, someone can open a leveraged short and dump NANO, but the supply eventually gets eaten up by demand.

Transaction fees make Bitcoin useless to the 3+ Billion people who can't afford $32 to send their money. Miners will support their best interests, which means they will keep the block sizes at 1MB to maximize transaction fees. "But, farts-are-stinky, I can send my Bitcoin using this centralized app like Paypal, Lightning Network, etc for "fast and instant" transactions." Uhhh ok, but then you might as well just use FIAT. The whole fucking point of crypto is decentralization and removing trust from the monetary system.

There will be a million "Amazon, Facebook, Apple Coins," but these are an abomination and once again are centralized, permissioned, surveillance coins.

Stack NANO and be patient. More and more people will start to understand NANO once they become more educated in distributed technology. If you are reading this you are SO amazingly early.

>>29500550
HOT id

Buy Nano and thank me later
https://www.youtube.com/watch?v=iKt9KepQQF4

>>29080767
SUBMIT

>>28768239
SUBMIT