/biz/ - Business & Finance

Avax is bullish as fuck, but may suffer a retrace. I have a 240 stacklet, but will pick up either another 260 or maybe even try and snag 2000 of them. I predict Avax to follow in the trend of Nano, but in the end their growths will both be correlated as the eventual solving of the cryptocurrently trilemma. Nano as a means of value transfer, and Avax as a means of data/value transfer.

In other words, these two assets are the real BTC and ETH.

>47k

Told you.

>>17188359
Boomer tier logic. You can stick with your outdated models that cannot scale. I really don't give a fuck.

Transactions are free with NANO because it doesn't cost more than $5 a month to host a node. There are hundreds of nodes already being hosted that run the network and can establish 600 TPS sustained throughput. BTC leads to emergent centralization, where it requires more and more expenses to secure the network due to an exponentially increasing ledger size. It was doomed to fail from the start. Tell me, where does BTC end up when the cost of mining outways the profit generated? Miners make their way on fees? The cost will continue to increase as the ledger bloats, eventually squeezing out anyone except large corporations. The next Visa. ETH has a better solution with POS, similar to NANO, however ETH has not as of yet figured out scaling. NANO has.

https://www.youtube.com/watch?v=c9cZSLfh7Xw

>>17174841
I can quite literally taste your tears through your post

Many of us are thinking small with Nano. Instead, lets go microscopic.

https://en.wikipedia.org/wiki/Adenosine_triphosphate

ATP is the powerhouse of the cell. It is considered a molecular unit of currency, and carries energy to different organs and bodily systems. Because of its ubiquitous nature, it exists in pretty much all living things, and is essential to unifying a whole of complex parts (the body).

Imagine if there was a tax or delay in the transfer of this energy. Moving a muscle, catching a ball, performing complex equations, or even looking up proprietary customized data on the internet. These abilities would be inhibited, and we would not have developed into the civilization we are today.

This isn't just a good thing, it was essential to our survival and evolution, and essential to the existence of life as we currently know it. Now, you may be asking, what does this have to do with Nano? Everything.

NANO is potentially the ATP of the internet, like how electricity is the ATP of all electronic devices. We just have not collectively realized it yet. Using hybrid technology (current system tech) with decentralized tech such as Nano, we can do almost everything a smart contract can (and more). In many cases, it can do a better job by not wasting valuable shared bandwidth by confirming client-side or individualistic (pointless to anyone outside of the self) data to a chain.

cont.