/biz/ - Business & Finance

>>10798667
You need to go back

>>10798678
Back where?

>>10798716
To friendster

>>10798667
Banano is literally equally strong. Why use this over that if you're so hot on ignoring network effect?

>>10798716
Reddit

>>10798667


I don't know about strongest fundamentals but the reason I am holding a few thousand is to hedge the risk that something like this overtakes Bitcoin.

Using Eclair Lightning wallet works quite smoothly for me even now but I always think it's too complex for normies.

> Get some Bitcoin onchain.

> Open a channel to a LN node and send Bitcoin for an onchain for a certain channel capacity

> Send payment for payment request -- works flawless

> Receive - can't feature disabled since mobile wallets can be offline (wait for watchers)

> So far - LN channel funds can't be backed up

> Close chanel - onchain again...

Despite all this, I think the network effect of Bitcoin is just too big. And in time, this is going to be more mature with more elegant solutions and even smart contract layers on top on LN. Plus all the businesses and 3rd parties that will effectively be building off-chain solutions anyway.

Network effect and first mover advantage. So only like a 2-5% chance something like Nano overtakes but hedging since I am so invested in Bitcoin.

>>10798902
>tfw reddit will make it with NANO
>meanwhile fags on /biz/ will lose everything with LINK

>>10798667
You can create a Nano clone with a far better distribution and the ability to interact with smart contracts on EOS with a one line command. Why would anyone prefer Nano? They gave all the coins away for free and the devs fucked the community in the ass so they could cash out. There's literally no point at which original holders can sell at a loss. There is no theoretical floor for this shitcoin.

>>10799500
there is no theoretical floor for any coin

>>10799500
hey look is the EOSfag again
fuck off no one will buy your bags

>>10799514
Yes there is. Cost of mining, ICO price etc. Obviously those aren't guaranteed, but they're a good indicator of what the market values them at. Nano's value is based on absolutely nothing on the other hand.

>go to work
>nano at 2.10
>return home
>nano 1.70

>>10798667
Lightning network unironically kills Nano totally, so buying Nano is literally betting against BTC.
Except if BTC dies alts dies too, so buying Nano is basically throwing money away.
>>10799500
EOS was last year's scam. Hope you're not still holding bags.

>>10799589
https://thebitcoin.pub/t/bitgrail-hacked-17m-nano-xrb-lost-raiblocks/30115
Remember that Raiblocks rebranded to Nano to hide the fact that 25% of the total supply is in some hacker's hands

>>10799589
>scam
>most used blockchain
>literally tripled my stack on pyramid games already
How do nanofags even cope?

>>10799500
>They gave all the coins away for free

By what logic is giving away all your coins worse than the development team / foundation keeping 60%-90% of the supply like with Ripple, Stellar, Ontology, every ERC-20 token, etc.

Giving away everything for free will tank prices to kingdom come when original recipients dump for free money. But that given enough time and enough dumps, natural distribution will happen. As opposed to single entities keeping 60-90% of the supply means the value is always artifically inflated, the majority of the supply is in control of a few and you are always at the risk of huge incoming dumps.

>>10799642
>By what logic is giving away all your coins worse than the development team / foundation keeping 60%-90% of the supply like with Ripple, Stellar, Ontology, every ERC-20 token, etc.
Both are bad in different ways. Giving things away for free means they're intrinsically worthless. It's why chads don't wife sluts even if they're attractive and a good cook.

>>10799642
Also, most of those original holders already dumped on whales who bought at dirt cheap prices like $0.006 before there was any hype (probably the devs). They're the ones who then pumped the price on low liquidity scam exchanges like shitgrail and dumped their bags on reddit once it was listed on binance and kucoin with sufficient liquidity.

>>10798667
Constellation is going to demolish your plebcoin, OP. Don't say you weren't warned.

>>10799674
>Giving things away for free means they're intrinsically worthless.

Huge amounts of Bitcoin was given away in faucets.

XRP was given to Bitcoin holders for free

XLM was given to Bitcoin holders for free

Trying to distribute most your supply seems like a better option that give away a small fraction, drive up prices and then control the vast majority of the supply yourself.

Yeah, POW has better distribution but of the premined supply coins, total distribution is much fairer than scamming up prices with a pump and holding most of the supply.

>>10799724

>Constellation is going to demolish your plebcoin

This is exactly the type of scam I am talking about.

> Circulating Supply 600 Million

> Total Supply 4 BILLION

> The Top 100 holders collectively own 94.21%

>>10799775
>Huge amounts of Bitcoin was given away in faucets.
Not really, relative to the market price at the time it was peanuts.

XLM and XRP are both worthless shitcoins that will go to zero once the speculation bubble dies off and we move to usage based valuations.

>Trying to distribute most your supply seems like a better option that give away a small fraction, drive up prices and then control the vast majority of the supply yourself.
Both are bad strategies that will fuck you up in the long run if you try to invest in them. The only legitimate way to distribute coins is by public mining or a fair sale that one or two whales can't dominate.

>>10798667
this is old news faggot
nano is btc 2.0

>>10799589
its funny cuz LN actually kills BTC
> blockchain application needs to go off the blockchain to work properly
> ???

>>10799816
>fair sale that one or two whales can't dominate

A fair sale where whales don't dominate doesn't happen in real life.

More than the whales the founders/developers themselves dominate and own absurd amounts of the supply

So besides POW over long time horizon with a coin that has huge network effects, you're basically screwed.

Of the screwed models, Nano majority supply distribution is probably best of the worst distribution models.

>>10799543
cost of production does not provide a theoretical floor to VALUE. complete non sequitur.

>>10799922
Whales will always own most of anything of value, be it mining equipment, ICO coins, fiat, commodities, land etc. When i say fair ICO I mean everyone has an equal chance to get a piece of the pie. None of that private sale bullshit, or buying up the entire supply in the span of a few days.

>Of the screwed models, Nano majority supply distribution is probably best of the worst distribution models.
No it's not, I already explained why giving things away for free is a terrible model. Nano dropping 97% from its ATH and getting rekt worse than any other coin is proof. Now even if the coin is more distributed and less controlled by whales, what's going to push the price up again? Where does the value come from? Why should 1 nano be worth more than $0.01 when no one even uses it?

>>10799800
Just took a screenshot, see you in 2020.

>>10800001
>Where does the value come from? Why should 1 nano be worth more than $0.01 when no one even uses it?

Speculation?

Where does the value for any crypto come from?

Besides Bitcoin and maybe sprinkles of Monero in DNMs no other coin is being used for anything but speculation. And even BTC's value is buoyed by speculation more than actual usage.

>>10798716
Myspace

>>10800263
>Where does the value for any crypto come from?
The cost of mining, ICO prices, resource utilization etc. Speculation is obviously a big part in every coin's valuation, but the ones that are based entirely on speculation will not be able to sustain increasing valuations indefinitely, because hype isn't permanent. We've already learned this. Why ignore the lessons of a 97% decline in price?

>>10800379

>The cost of mining

Comes from speculative demand. Speculative demand, higher prices, more miners, higher difficultly, higher cost of mining

> ICO prices

Comes from speculative demand


Come on man, value does not come from the cost of mining. The cost of mining adjusts to difficulty which is based on demand/price. And almost every single ICO will go to zero. ICOs are pure speculations on shittokens.

>>10799451
Nobodies gonna make it with this shitcoin
how many times has it been hacked now?
5?

>>10800479
>Comes from speculative demand. Speculative demand, higher prices, more miners, higher difficultly, higher cost of mining
Nope. The difficulty today is 3x what it was when Bitcoin was at $19k and hasn't declined at any point since last November.

>Comes from speculative demand
Yes, but it's set in stone once the ICO ends, which means whales aren't going to be dumping at sub-ICO levels unless there's something fundamentally wrong with the project.

>>10800661
Technically never, the problem was exchange side for both bitgrail and kucoin.
Don't get me wrong I am not saying under any circumstances you should buy this trash, but technically there has not been a Nano protocol level exploit since it's creation .

>>10798667
That's not chainlink

Buy 1k or neck yourself in five years

don't you guys know nano is the only white usa coin and /biz/ is a thicc asian image board

>>10799451
> link's partners are now advertising the fact that they work with chainlink, including openlaw, swift, and now maker
> while all of your little shitcoins tweet for weeks about sniffing a public toilet near a GS owned building
The reddit dumpster scrapings have no idea what is coming. It is going to be glorious.

>>10802799
You’re right, NANO is by far the worse ERC20 here

>>10800677
Anon you are literally the dumbest brainlet on this fucking board.

>>10798667

But that's not Nimiq

>>10800188
>nkn
>uuu
>ipsx
>0xBTC
>bbn
And now constellation or whatever the fuck

>>10798667
Literally kys.

>>10798667
literally a dumpster fire

Not even PayPal and the banks will save Nano. Yes, it might pump to $30 again for a while but then it will get hacked again and that's that. Shill a better coin next time.