/biz/ - Business & Finance

overvalued

>nano holders
>smart

>>8532111
Buying nano now is like buying BTC at 200$

>>8532135
Doesn't seem like it considering it's better than most coins that try to do general-purpose currency and are valued higher than nano

>>8532143
I'm asking everyone not just nano holders

>>8532148
You sound like a dumb nano holder. I said smart people only pls

I'd wait until this Bitcoin cross thing is resolved. If death cross, wait, if golden cross, then buy

imagine buying a coin for more than a few cents, that was distributed FOR FREE to LITERAL THIRD WORLD SLUM DWELLERS, as a REWARD FOR FILLING OUT CAPTCHAS

just imagine what it takes to drop real, actual fiat into something that was created out of thin air and given away to street shitting indians and favela dwelling child prostitutes

Yes 8900 resistance is holding strong, this is the bottom sir.

Currency coin in 2018. Retarded. Currency was the first stage of crypto.

>>8532203
You mean like bitcoin? It was initially distributed by mining on CPU at ridiculously low difficulties by the community, pirates, and botnets. Or monero who's almost exclusively mined by botnets and Bitmain despite being "asic resistant"? Or should I look into XRP or XLM where the vast majority of the coins are still held by the owners?

The method was fine. There was no premine. Most venezuelans cashed out already as soon as the value went up. People are just still mad they didn't get free nanos

>>8532148
u stupid shit.

buying nano now is like buying btc at 8,800$

>>8532258

salty bagholder detected

inb4
>nuh uh I bought it at (insert low price here)

>>8532257
Bitcoin wants to be a world's reserve currency, not general-purpose currency. Bcash is retarded, Ethereum is platform that doesn't scale and is led by a cretin, etc

General-purpose currency hasn't been solved yet

>>8532321
Actually I didn't buy any Nano, and I'm still unsure if I should

>>8532638
>Ethereum is platform that doesn't scale and is led by a cretin
enough son

>>8532705
It's all true

>>8532111
Yes.
>several DAG coins exist, this has the most momentum
This is comparable to dash and everyone said dash was a scam

>>8532257
99% of blockchain solutions don't need to exist and boil down to a convoluted means of transacting money back and forth anyway

>>8532831
Dumb post. That's the problem with Nano holders. They're all retarded and can't form a compelling argument to save their lives. Everything they say discredits their opinion so hard it's hard to buy into this

>>8532157

Sorry anon, I'll give you a little hint. Cryptocurrencies won't survive. They are seen as assets by government.

A worldwide currency as a crypto is a fucking pipedream. Even BTC will be no more than a store of value and gate to altcoins (assets).

Get out this cancer asap as you can, unless you wanna be poor.

Even the network value is hilarious now, I mean who really uses this shit? NOBODY.

>>8532111
When in doubt about Nano, think think think why Garry Tan gave "thumbs up" and Charlie Lee bought into Nano. It's better to be on their side than against.

>>8532321
I actually did sell all my NEO at $115 and went all in NANO around $7.50 after the bitgrail fud.

>>8532895
Charllie Lee is not very intelligent and Garry Tan is just shilling his coins

Now if Szabo said something about Nano, I would actually pay attention. But these other clowns are worthless

>Constant bashing, stupid fud threads on /biz/
>Daily "rip" threads

Yeah if /biz/ is fudding you buy it.

>>8532705
It's true doe, sorry if it hurt your feelings :/

>>8532999
That's retarded as fuck and 100% comes from a Nano holder because only you're this fucking retarded. All coins are constantly bashed and fudded daily on /biz/ kys

>>8532111
OP just for a moment let remove the speculation part from all these shitty crypto.
Where the fuck do you need in your daily life a full decentralized platform? no where.
The only purpose for this tech is money, only there.
XRB at the moment is the best crypto alive and active. The mobile wallet are in final beta stage. They work. They work just fine.
They do just that. It's all that you need.

>>8533029
Nothing shilled as hard as chainlink, and it's barely up from ico price.

Nothing fudded as hard as ethereum and nano. We know what happened to first, and can assume what'll happen to the second.

>>8532111
Eth will be PoS in a few fucking months. Who will want your shitcoin after that is beyond me.

>>8532257
MOM I POSTED IT AGAIN

XRB is terrific. It has some of the most legit devs in this space, they're extremely responsive, diligent, and provide clear and provide regular communications. They engage with the community and are extremely professional in their approach. Furthermore, they have a clear vision, unlike the endless sea of shitcoins who have no idea what they want to be.

If you have actually used Nano (as in transacted using the desktop or web wallets) then you will know how much of a game changer it is.

>>8533119
>Where the fuck do you need in your daily life a full decentralized platform? no where.
Already wrong. Are all Nano holders salesmen? I need decentralization in world's reserve currency, in file storage, in cloud computing, in voting systems, in DNS lookup, in international contracts, in exchanges, in copyright/proof-of-ownership, anonymous payments, etc.

Do you understand anything at all about this movement? Are all Nano holders retarded newfags? Holy fuck this is why I can't buy into this coin. No way these retards will make any money

>>8533191
>muh speed
It changes absolutely nothing.
Have the devs described clearly how they're trying to scam you this time? Bit of an unsynched protocol glitch this time around? Leaked kernel exploit? Oh nannies, you are funny.

>>8533196
>reserve currency
for what?
>file storage
if your files are so important keep them in hard drive
>cloud computing
for what?
>voting systems
voting for what?
>DNS lookupù
why?
>international contracts
like what?
>exchanges
wtf
>copyright/proof-of-ownership
for what? what do you create with your beautiful mind that people want to steal?
>anonymous payments
what are you hiding? (payments)

>>8533191
>they have a clear vision
whats their vision for incentive on supporting network? oh wait there isn't one

Former nano holder here. After reading all the good points op made, I just decided to sell everything. The kernel exploit should have been the final straw, but I was being naive.

>>8533191
>It has some of the most legit devs in this space,
IT DOESN'T YOU ABSOLUTE RETARD

holy shit I want to kill myself. It only has COLIN and a bunch of random devs. Do you have any idea who's working on Bitcoin or Lightning Network? Rusty Russell created iptables and worked for Linux foundation for 20 years and just quit to work full time on LN. No coin in the world compares to Bitcoin in terms of developers. Not even close. Same with many others, including Ethereum, Monero, etc

Nano just has Colin and a few other nonamers. How is this one of the most legit team? Because they're RESPONSIVE and COMMUNICATIVE? do you know anything at all about development? they're not a PR team you retarded fuck. Their dev team is one of the main reasons why I haven't bought in yet.

I literally made this thread to be convinced to buy into Nano and all replies make me more and more convinced that you fucks are imbeciles

>>8533250
Stop posting itt thanks

>>8533218
You might want to google what a kernel is you 12 year old spastic.

>>8533278
just lol anon. you clearly win the discussion.

>>8533257
What's the incentive for people to seed torrents? Oh wait.

Reminder that she's on the nano team

In contrast with bitcoin team

>>8533134
Chainlink shilling here is just trolling. No one actually owns that shit.

>>8533265
I'm sure you made that same argument when Vitalik was shilling his ICO for Ethereum. Poor kid didn't have 20 years of experience working for the Linux Foundation what a worthless piece of shit.

lmao

>>8533296
>he doesn't realise most torrents are monetised with torrent site ads, were monetised with btc miners, are monetised by someone who wants to put ads in your content
seriously if you think torrents are free you're literally a brainlet

>>8533300
>george
>she

>>8533259
There is no kernel in nano god these trolls never get tired

I read the roadmap https://developers.nano.org/roadmap/merchant-services/ , and Nano claims that they want to achieve merchant adoption. In challenges, there is no mention of volatility, so I assume they either don't see it as a problem or they already solved it.

Can someone then explain me how volatility is handled? If someone buys something with Nano there are two scenarios where the volatility affects the trade:

If Nano goes down like 20% the next day, the seller is at a disadvantage.
If Nano goes up 20% the next day, the buyer is disadvantaged as they would've been better off holding to their Nanos

Why is this not a challenge for Nano?

>>8533342
>retarded as always
you said it has "some of the most legit devs in the space" and i told you why you're retarded. i'm not speculating what dev team Nano will have in 10 years, I only replied to your braindead comment. die

>>8533377
1 NANO == 1 NANO
who gives a fuck about fiat price

>>8533396
All merchants in the world

>>8533377
you don't have to think in usd value.
1xrb = 1xrb

>>8533343
You're literally a brainlet. People have no financial incentive to seed.

Your argument is basically that no one would run a very small piece of software to support a network that they believe in because they don't get economically rewarded. I counter that nano works today - how can that be without MUH INCENTIVES.

>>8533377
large marketcap fixes volatility. Much like any fiat they're still speculated in ForEx

>>8533377
>muh volatility
Directly convert it to fiat if it concerns them.
Go to JMBullion and notice how it's cheaper to purchase in bitcoin despite regular fluctuations of -50% +100% not being unusual

This is some solid concern trolling btw. I like how you alternate between questions and attacks. Very well done.

>>8533377
Stable coins solve that problem.

A merchant would instantly swap their nano for a stablecoin and thus not lose any money in FIAT terms whilst still getting all of the benefits of crypto.

>>8533413
Not if you buy XRB with fiat you dumb retard

>>8533420
Like they did for Bitcoin? or do you think Nano will soon have a marketcap comparable to national currencies? Or is nano supposed to be adopted only after it has a huge marketcap thus it has no purpose before that?

>>8533432
>Directly convert it to fiat if it concerns them.
So pay ridiculous fees and eliminate the feeless advantage? Good thinking

>>8533440
We don't have any reliable stablecoins in case you didn't notice

>>8533414
The merchant integration packing will be packaged and built to run a node by default. People will be too lazy to make an effort to not use the plug and play package to save 2$ a month by not runing the node. Laziness is an incentive for non action.

>>8533414
What if tommorow there will be a project that will incentivize running masternodes? Will your shit just die? I mean what the reason to hold asset that gives you nothing when you can hold asset that generates money for supporting network?

>>8533442
anon I have to ask you.
what are you holding now and why?

>>8532111
Do drug dealers and prostitutes want it? Do banks want it? Do corporations want it?

He fell for the zero transaction fee communism meme coin.

Anyways everything will be less volatile eventually as the whole market cap of crypto increases and the liquidity silos issue is resolved.

https://developers.nano.org/roadmap/

Read the new roadmap before you try and fud

>>8533476
Why? I'm literally trying to convince myself to buy Nano, but all I learn is that Nano holders are dumb fuckshits and Nano team is incompetent. They make a roadmap to become adopted as a currency, and they don't notice that volatility is a challenge? There are literally vendors everywhere who DROPPED BITCOIN BECAUSE OF VOLATILITY EXPLICITLY (like Steam) and they don't even consider it a problem? What the fuck is this piece of shit project? Have you seen their GitHub? It's basically just Colin. Do I believe in a one-man project with a retarded community? They're also vulnerable to precomputed PoW but this is beyond the point. It's just such a fucking mess it's hard to convince myself this is not a meme. Then you also remember LN is about to be deployed this year. What will happen then? Was this considered by Nano team in their roadmap? Competition? No. Fucking ridiculous coin fuelled by reddit hype

>>8533300
holy hell shes a babe

>>8533495
So you just ... wait and hope everything will be fine? No point in even mentioning it as a challenge cause it'll get sorted out ? Are you retarded?

>>8533512
Already linked it in this thread dumbfuck

This shit is cancer and I'm laughing at all the nano bagholders.

>>8533473
Cool bro, so basically according to your genius insight and expert understanding of incentives, only PoS coins have value. Only income producing assets are worth holding. What is muh capital gain.

>>8533453
>We don't have any reliable stablecoins in case you didn't notice
What is tether

>>8533536
>capital gain
>on a currency
how much capital are you gaining every day by holding 100 bucks?

>>8533560
Notoriously unreliable

>>8533528
You can say that about every crypto coin today you fucking retard.

This is like buying bitcoin at a 1 billion market cap. That's why the fud is legit over dramatic. Once twitch is ready to use nano and the gamers start shilling this coin for donations over their network this thing will moon over into a top 5 coin. Legit one of the few coins with 100x potiential over the next 2-3 years. Holding nano is an investment and is not for weak handed cucks. 10% of your portfolio in nano and accumulating more over time is key to making it by 2020.


The only coin with feeless and instant transactions. Nano app works and the CEO is obviously a genius.

>>8533521
anon the fact is, if don't like nano AND you want to have a cryptocurrency, after all that you said your unique decision should be BTC. nothing else.

>>8533580
Nah

>>8533584
>this shit will moon guys XDDD
>100 EOY
>colin is le genius!!!
>literally BTC at 1$
>best coin in the world guys!!
all arguments from Nano holders ever written

>>8532111
No. The time to buy this was .20 cents. Seek the new Raiblocks opportunities.

>>8533567
>He doesn't understand concepts like scarcity and deflation.

Are you seriously this dense? Shit I guess this means that there'll be no capital gains taxes to pay when I cash out my horse cock sized stash of BTC that I bought in 2013.

>>8533432
>This is some solid concern trolling btw. I like how you alternate between questions and attacks. Very well done
I am taking notes for future use on reddit. Good job, OP.

>>8533593
I want to like Nano, it's just very difficult.

And obviously anyone with half a brain knows Bitcoin will always be king. But holding BTC is not the best thing, as other coins go up faster when BTC rallies (percentage wise) so it's better to hold alts during these times. However, I'm not convinced Nano will increase in sats, thus making it pointless to hold it over BTC. And when LN is deployed, the bull run will be insane, but Nano may not board because LN literally replaces Nano

>>8533608
>btc
>currency
stop embaracing yourself, you're pretending like nano is a currency now, but then you think of capital gains when it will actually become currency(100 trlillion mcap eoy right boys?) either pick one or fuck off

>>8533528
everything already works fine

>>8533628
>And when LN is deployed, the bull run will be insane, but Nano may not board because LN literally replaces Nano

when LN will come, no alt coin will survive. When LN will come all of this will be 100% speculation.

But time keeps going and where is LN?
Just in reddit threads.

>>8533644
Totally bro. Just close your eyes, ignore the FUDsters who are all jealous on Nano holders, and our resident genius Colin will sort out everything. HODL redditbros XD

>>8533628
>I want to like Nano, it's just very difficult.
Also lmao that you failed to mention the one credible piece of fud.
>centralization due to picking a single representative node

>>8533521
-nano has the most technical, smart and engaged community
-team is impressive and making incredibly fast progress
>they want to be adopted as a currency, which means the marketcap becomes so high that volatility isnt a problem
>steam stopped accepting bitcoin because of FEES and TRANSACTION TIME, which nano has 0 of both
>Their GitHub has a lot of Colin because he was the only dev until november, now there's like 50 people.
>LN is pointless if there's nano. pay for a hub? Stake your coins? Why. It's free with nano. Where's the incentive? Nano saves them money. LN removes security and costs them money while still having transaction cost and delay. come on.
>You can't precompute PoW because blocks are based on the previous block. You can only precompute 1 transaction.
>Literally all coins have competition. Nano has the least being in a completely difference niche as a DAG, pure currency coin.
>Reddit didn't hype nano, 4chan did. Shows how much of a newfag you are if you dont remember this.

>>8533668
Are you serious? Have you checked LN progress at all? Just scroll to this page a bit https://twitter.com/lightning and you'll know it spells death. Check who has the lightning bolt attached to their names on Twitter. Check Szabo. Do you know what Szabo is working on? Do you even know who's Szabo? If your best bet is that LN will not work you're out of luck bro because people who worked on internet protocols are now working on the second layer of Bitcoin.

There'll be enough coins that survive. Second layer doesn't provide privacy comparable to first layer, and everyone knows it. And there are many other things if you take the time to learn about blockchain

>>8533684
>>centralization due to picking a single representative node
Because this is not a worry. It's just dPoS consensus and it's normal for any coin that tries to scale. You can pick any representative or be your own representative. Not every coin needs to be Pow, and the consensus algorithm is a non-issue with Nano

>>8533699
>-nano has the most technical, smart and engaged community
That's... that's just... I don't have words anon.

All your post is just depressing. It's wrong, it's stupid, it's delusional, it's ignorant, it has everything that gives Nano a bad name

>>8533703
I give up. I'm screenshotting this last reply.
Will post in years when nano will be higher in mc or LN will be reality.

>>8533735
Alright good luck bro and keep the tunnel vision on

>>8533718
>Because this is not a worry.
No other coin makes you pick a specific rep.

>>8532111
> Should I buy this?
No, because it has NO other function besides "muh instant and zero fee transaction".

>>8533750
... ripple, steem, bitshares, eos, stellar, neo... is this your first day in crypto?

>>8533760
that's a good function and I'm a fan of the linux philosophy to do one thing and do it well.

>>8533703
LN is a shit hack molded on top of an antiquated protocol which has been vastly superseded by new technology. It's complete shit.

>>8533839
Incredibly misguided but not here to spoonfeed you

>>8533760
That's a pretty fucking important function why would normies prefer to use complicated gas bullshit or a coin only traded in integers or a coin that takes 45 minutes to do a transaction when there is a free instant option. We're used to instant. It's what people want. its function is being a currency. All the other shitcoins saying they fix "muh medical bills problem muh cellphone bills problem muh stream reward problem" dont have any fucking purpose and could be simply replaced by cash. Also aiming to be a currency solves the volatility issue all other niche coins will always have.

>>8533884
>Also aiming to be a currency solves the volatility issue all other niche coins will always have.

lmao it won't become a currency if it can only be used as a currency once its mcap is literally higher than Bitcoin. By then, LN will have replaced the need of a currency coin

>>8533956
LN is a farce everyone knows it's shit.

>>8534090
don't lie to yourself bro. don't listen to your nano circlejerking friends on reddit. remember nano holders are typically retarded. check for yourself

>https://twitter.com/lightning
>https://github.com/lightningnetwork/lnd
>https://webchat.freenode.net/?channels=lnd

>>8533884
Nobody needs a cryptocurrency.

>>8534142
Why are you here faggot

Don't buy it, its shit. In 2 months its gonna be out of the top 30 for good. LN will kill this shitcoin.

>>8534121
if anything LN is only a threat to Bcash and LTC

nano will always be faster and have no fees so what is the point of BTC

>>8533300
thanks just bought 100k

>>8534242
Aww anon so you don't even know how LN will work? LN is off-chain my friend. It can scale to billion transactions per second because they're not recorded on the blockchain before the payment channel is closed. Payment channels may stay open for years. The fees can literally be 0 for users of the payment hub. There's cost to open and close the channel, but many payment hubs may provide free transactions or charge a few sats.

But hey not here to convince you. I made the thread to get convinced to buy nano, but the reality is that Nano holders are dumb, have no insight or understanding about the technological/political landscape, and I have to continue DMOR to see if I should buy

>32 posts by 1 ID energetically fudding nano
if you're not in by now god help you all

>>8534446
>the only argument ever put forward by Nano holders
got it already bro

>>8534341

>>8534341

>Blockchain solution that is off chain

what great technology bitcoin is

>>8534476
>probably still doesn't understand the block size argument
>probably thinks coins that scale on-chain can be trustless
>doesn't understand trustless is the main pillar of bitcoin
sorry anon :(

>>8534502
>he thinks LN works
I hope you're a troll. but I assume you have no problem with bitcoin being volatile, but you expect another to fix it without inflation?
If you want a stable coin buy XLM, it will always be 20 cents or less.
I'm looking for investments.

Nano is shit, literally digital shit. Have any of you actually looked up how a DAG protocol works? There is a reason Bitcoin is NOT a DAG coin.

>Lightning is stupid bruh hurr durr drrr
Nobody can even FUD the LN protocol well because they don't even understand the basics of how it works. Good luck losers.

>>8534605
Bro I'm not here to shill LN or fud XLM. I don't hold any BTC and I like XLM even if I don't hold any. Bitcoin is my favourite coin because I make an effort to keep up and understand what's happening with the blockchain space. I only bring up LN because if there'll be a general-purpose cryptocurrency (I believe there will be,) then LN is hard to match, and seemingly impossible for Nano. Volatility is a problem and I brought it up above. However, if anyone can beat volatility, it's BTC because of their mcap and growth prospects.

If you want real investments, then you should fund Bitcoin development. Not buy BTC, but invest in actual projects such as RSK sidechain. Buying coins is not investment: they're not even recognised as securities yet. They will be, but it's irrelevant

>>8534654
>There is a reason Bitcoin is NOT a DAG coin.
The initial Bitcoin idea has nothing to do with what Nano tries to achieve, but I'm curious to hear your reasoning, because it has nothing to do with DAG vs blockchain

>>8534729
when they're recognized as securities that's when they're regulated and worthless
securities regulations are draconian and archaic.
the entire point of bitcoin is getting away from the middle man

gonna post an infographic later on why LN is worthless, it's nothing to worry about, except for the fact when everyone figures it out bitcoin might tank and cause alts to tank

i'm relying on another service to bring instant fiat conversion to merchants.
see request. or maybe a stablecoin
unsolved problem but it's a big enough problem someone else has to fix it.

maybe the solution is 25 years from now we change the government and force them to give us a USD backed tether.

>>8534797
>when they're recognized as securities that's when they're regulated and worthless
They're worthless for speculating for 100% returns. Surely you understand that speculation has nothing to do with Bitcoin vision? There was also no intent to have them as securities, it's just a side effect if you want to use blockchain to "invest."

The point of Bitcoin is to become the world's reserve currency.
The point of blockchain is much bigger, but still irrelevant to speculation. The "middle man" that is meant to be replaced is the law enforcement party. It's not supposed to replace the law or governance, it's supposed to simplify and guarantee the enforcement process through a trust-minimised process i.e. smart contracts. It's also most definitely not meant to be governed by the coin holders like Ethereum Foundation believes. There's a lot of vision and purpose to blockchain, and most of these may just be implemented on the Bitcoin protocol simply because other coins are not necessary and not as safe.

Anonymous and fungible payments is a side-effect of this and not the original purpose of Bitcoin/blockchain, but it's an application that was brought to life by itself and is here to stay. This will probably not use the Bitcoin protocol.

Rest of your LN critique is baseless and of no substance. Everyone is already acquainted with the (de)centralization FUD, routing problem, privacy concerns, etc. Provide reasoning if you want to be taken seriously

I agree that stable currency is unsolved and not really the main direction of Bitcoin, but I don't see any worthwhile competitor. Request and stablecoins are both valid players in this (more legit than Nano at least.)

The big revolutionary idea that everyone is pushing towards is to have Bitcoin-based USD though, not USD-baked tether. These are not kids and small-time devs playing with politics. There are influential people behind this movement with a lot of political power

>>8534972
Liquidity. it's not about fucking routing, that's a strawman brought up by the retarded cashies.

take a look at the LN main net right now, pick two random nodes, and imagine yourself trying to transfer money from one point to the other.
Now realize each node's outgoing funds need to be entirely owned by the owner.

The nodes that give connectivity to everyone have 25 outgoing channels. So the max they can transfer is 1/25 of their wealth.

There is no way to organize the network in such a way that liquidity happens. you'll always be severely limited in how much money you can transfer.


When they say "coffee", they really mean coffee. You'll ONLY be able to buy a coffee with it and nothing more expensive.

>>8535129
It's an issue (or an unknown variable,) and it's why Blockstream is selling this to exchanges and why decentralization is a problem. But IMO it's more likely that this will lead to having a couple super-nodes that provide most of the liquidity (possibly with a fractional reserve) than to a failure on LN project. Sure it's a problem and will be a trade-off of trust/privacy/centralization, but it's not a deal-breaker for the stakeholders involved, and there are enough people incentivized to get this working.

Naturally, if you have important/big transactions to make, you'll just use the Bitcoin blockchain.