/biz/ - Business & Finance

Post ‘’I’m a dumb nigger’’ in this thread if you fell for the nano-meme again. Then fucking off yourselves. I didn’t, so I get to live. What the hell is wrong with you, anon?

>delisted from bittrex
>delisted from cryptopia
>bitgrail double spending into exit scam
>meractox accomplice in scam
>kucoin double spending for a day
>binance double spending issues

>not the coins fault

This shitcoin probably has the worst spaghetti code api for exchanges its laughable. Open source does not mean its easy to audit -- look at the powhcoin spaghetti code leading to someone stealing $800k of eth

You friends made me money shilling xrb sub $1, im trying to save you money when it goes back to that price range

press S to spit on double spending grave

Why NANO haters are wrong:

>It's just fast & free, it doesn't do anything

https://qz.com/775159/theres-a-500-billion-remittance-market-and-bitcoin-startups-want-in-on-it/

Remittances, or immigrants sending money back home, involve $500b annually. Things like Western Union are ripping you off w/ their exorbitant fees, but it also takes a long time to send.You may not care about fast & free, but pajeet who wants to send all his funds home to pay his mothers emergency medical funds cares about a currency that can instantaneously transfer wallet-to-wallet for free.

>but network security, man in the middle 51% attacks

When a minimum of 51% of voting is required for a tx, a mitm attacker cannot control 51% of the representatives. a receiver will wait for confirmation from the majority of the representatives before they add the block to their history. representative nodes will sign blocks as they propagate through the network & a node will refrain from committing the block into their local database unless a high threshold of representatives have signed off on the block.

This can be solved at a wallet level, & protocol level implementation is also possible. Bitcoin offers protocol level solution for this, but at the cost of centralization by miners, lack of scalability/transaction fees. Nano offers no fees so a trade off must be made & this form of attack can be solved by the paranoid mode protocol

https://github.com/clemahieu/raiblocks/pull/362

>exchange issues

To be expected. The tech is new, & centralized exchanges are shit, but the dev team keeps the community updated DAILY & works tirelessly to fix them. It's a good thing that exchange issues are currently the biggest problem w/ something that mainly exists to be a transfer of value between personal wallets


>no incentive to run nodes

Merchants who run nodes for cheap will save money by avoiding debit/credit card tx fees with anyone pays in nano. This is amplified the larger the business is.