/biz/ - Business & Finance

[Anonymous No.12586967]

what went wrong /biz/?

[Anonymous No.12586975]

>>12586967
BitGrail
Rebranding
Double-spend exploit

pick one

[Anonymous No.12586983]

>>12586975
/thread

will it ever recover tho

[Anonymous No.12587003]

>>12586967
Reddit btfo

[Anonymous No.12587014]

>>12586983
Yeah, probably . They got a bunch of code still flowing and an army of cucks peddling it. It's like the Democratic party of crypto. These faggots would "protest" shit to get people to buy their bags.

[Anonymous No.12587018]

Bear, hack, dpos. ect

[Anonymous No.12587300]

>>12586967
its nothing more than a giant pump and dump

[Anonymous No.12587396]

>>12586967
Discovered by Italian scammers, pumped and dumped on plebbit. Lied about 7 000 TPS in December 2017. Even today TPS is only 756. One of the most dishonest coins in the crypto market.

[Anonymous No.12587401]

>>12587396
Idiots on plebbit were scammed and believed 7 000 TPS in December 2017. Pic

[Anonymous No.12587405]

>>12587401
>>12587396

They should re-brand to CuckCoin and I'll consider buying it again.

[Anonymous No.12587409]

another alt currency and one that doesnt even work properly
easily open to 51% attack
basically, reddit
nobody should've bought this ever

[Anonymous No.12587422]

>>12586967
Devs and management team are incompetent/inept on so many levels. A total disaster. Pic.

[Anonymous No.12587515]

basically ppl got owned on bitgrail and now there is an army of fudders (see above) also it is a threat to miners and like 99% of crypto it hasnt got a finished product

[Anonymous No.12587520]

>>12586967
Devs are shady and maybe sociopaths. To the public they told everything is fine and bomber is a good guy. At the very same time bomber moved over 200 Bitcoin out that he had stolen, while devs or some of their associates moved 50 million dollars in Nano out off Bigrail [1]. Pic is statement from Nano dev a little more than two weeks before Bitgrail admitted a "hack" and 80% of Nano assets "stolen".
More here;
https://archive.is/Wkgvn

[1] https://archive.is/Wkgvn

[Anonymous No.12587523]

>>12587515
You are delusional, nanoid. Thanks for showing the world that Nano is indeed Bitconnect 2.0

[Anonymous No.12587533]

>>12587396
>>12587401
The Nano devs and plebbit community lied about pretty much everything.
More here:
http://archive.is/diUnZ

[Anonymous No.12587541]

>>12587520
Woa kudos on keeping the archive of that pic. I tried to tell plebbitors that the Nano devs were in on the "hack" but only had pic which they immediately dismissed as "fud"

[Anonymous No.12587558]

>>12587541
The Nano devs are very shady. Pic is Nano devs asking for KYC, and getting it, of one of their friends, while rest of Nano "investors" were stuck on perpetual KYC process, frozen withdrawals, weird "maintenance" for weeks etc.

[Anonymous No.12587585]

>>12587541
The Nano devs are shady. Pic is Nano devs asking for KYC, and getting it, of one of their friends, while rest of Nano "investors" were stuck on perpetual KYC process, frozen withdrawals, weird "maintenance" for weeks etc. In the end, regular Nano customers lost 80% of their Nano assets, while Nano devs could move out tens of millions of dollars, in Nano assets, without any problem at all. There is a reason why the Nano devs have done little or no investigation into the stolen Nanos, who was behind it, what happened?

[Anonymous No.12587598]

>>12586967
BAKKT mentions 40 cryptos, Nano is not one of them. Coinbase will not touch Nano hit by another major lawsuit.
https://www.theice.com/market-data/connectivity-and-feeds/consolidated-feed/coverage-list/cryptocurrencies

[Anonymous No.12587622]

>>12587598
This whole thread is you rambling nonsense. Jesus fucking christ, how much did you lose in bitgrail? Or are you just a miner, scared of NANO eating your 'business model'?

[Anonymous No.12587640]

>>12586967
It was never really valuable. It was manipulated on an insolvent exchange to crazy heights before tanking.

[Anonymous No.12587648]

>>12587622
I warned against Bitconnect as well and got the exact same rubbish and trash comments from them as I now get from the dishonest and delusional Nano community.

[Anonymous No.12587694]

>>12586975
>>12587409
>Double-spend exploit
>easily 51% attacked
It’s fine to dislike the coin, but why straight up lie? Dishonesty shows you have ulterior motives.

[Anonymous No.12587718]

>>12586967
The failed Nano community produces endless new scams and rumors in an effort to pump Nano. Most popular are Nano will be used by PayPal, Bank of America, world's central banks and the UN.

[Anonymous No.12587734]

>>12587718
wow.. why the hell do you have that saved? a random larp on biz.. fuck you are so sad hahaha

[Anonymous No.12587750]

>>12587718
>>12587734
Lies from the nano community are systematic and organized.

[Anonymous No.12587754]

>>12587718
Calm down there, Bomber, enjoy your final days spent in freedom.

[Anonymous No.12587765]

>>12587754
>>12587718
>>12587734
>Calm down there, Bomber, enjoy your final days spent in freedom
Typical dishonest comment from a nanoid.

More lies here: NanoPay. Pic.

[Anonymous No.12587778]

>>12587765
Honestly though, I'm just glad you're posting again. When you stopped recently, I was afraid you might have offed yourself for leaving your coins on BitGrail. I mean, how dumb did you have to be? Think about that!

[Anonymous No.12587781]

>>12587765
>>12587750
again you are saving pics of biz larps.. kys

[Anonymous No.12587782]

>>12587765
This is what Charlie Lee really said about Nano. Pic.

[Anonymous No.12587793]

>>12587718
>>12587781
>>12587778
Tragic community.

[Anonymous No.12587799]

>>12587793
Keep pretending you were not part of that community until you idiotically and lazily left your coins on Bitgrail.

[Anonymous No.12587802]

>>12587781
>again you are saving pics of biz larps.. kys
It's systematic and organized. Pic.

[Anonymous No.12587820]

>>12587799
I looked into the tech and knew they were lying about their 7 000 TPS. I sold before BitGrail. I was appalled by the way the Nano devs ditched the BitGrail victims and refused to do anything to help them. Not even an apology after pushing BitGrail for months and telling what kind of a good guy bomber was, while at the very same time moving tens of millions of dollars out off BitGrail. That gave me a really bad taste in my mouth.

[Anonymous No.12587858]

>>12587820
>nano foundation funded the bitgrail
>they just won their case and funds will be distributed to those that lost their coins

So nano funded the case and did nothing to help? lol ok they could have just said fark off. You spread bs continuously - it really sucks.

[Anonymous No.12587875]

>>12587396
>>12587401
>>12587422
>>12587520
>>12587523
>>12587533
>>12587585
>>12587598
>>12587648
>>12587718
>>12587750
>>12587765
>>12587782
>>12587793
>>12587802
>>12587820
This fudders name is Edo Fazlinovic. He is Italian and a friend of Bomber who was behind the bitgrail exchange. Fuck you Edo.

[Anonymous No.12587919]

>>12587858
For months they did absolutely nothing. After being pressured they matched the money from the victims up to one million dollars under the condition that they would only go after bomber and stay far away from Nano devs corrupt and highly unethical l behaviour. See
https://archive.is/Wkgvn

[Anonymous No.12587938]

>>12587919
lol are you Edo Fazlinovic

[Anonymous No.12587942]

Somebody with a serious axe to grind. Think about why.

[Anonymous No.12587976]

>>12587942
I am not the one with very heavy bags of utter shitcoins. If you want to look at motivation, then just take a look at the hysterical and nonsensical comments from the nano community.

Pic, Nano hodler getting assraped by the devs, bomber and the market since Jan. 2018, buying some more while screaming: "2 DA MooOOOoOon!!!"

[Anonymous No.12587993]

>>12587976

Lol at this FUDder. He's just giving more strength to how much of a threat Nano is to the old, grandaddy cryptos. Keep posting, we'll keep accumulating.

[Anonymous No.12588005]

>>12587993
As always the Nano boomer scammers have zero facts or logic in their comments. Very telling. Your gig is up, your scam exposed. SorryNotSorry.

[Anonymous No.12588012]

>>12587993
Don't forget to pump a new insane Nano rumor, to fool new and inexperienced investors.

[Anonymous No.12588018]

>>12588005
lol you used to be the biggest nano shill of them all and now you've done the reverse phyco evil villian play. What will be your master plan! tell us all befor you set it in place. Or.. is fudding your masterplan?

[Anonymous No.12588032]

>>12588018
Meth posting is not a pretty sight.

[Anonymous No.12588042]

>>12588032
you put so much effort into shilling.. i guess its only natural you'd be the biggest fudder too. Let it go and get on with your 'life'. I set you free, now fly Edo

[Anonymous No.12588075]

>>12588042
The very state of crazy, delusional nanoids. Can't defend your Nano shitcoin, so ad hominem attacks is all you have. Tragic.

[Anonymous No.12588093]

>>12586967
The leaking kernel that has been there for a year now.. Still leaking nanos every second..

[Anonymous No.12588112]

>>12588075
>originally defended nano 24/7
>now feels the need to 24/7 attack nano after his feels got hurt
very stable of you and not crazy at all

[Anonymous No.12588154]

>>12587820
>>12587523
nanofudder is at it again with his spam>>12586975
>>12587396

[Anonymous No.12588232]

>>12587938
He most definitely is. Before he collected all this mumble-jumble he would spam twitter, telegram and the official nano discord. I chatted with him on telegram back when he was a moonboy. After bitgrail he would defend his buddy Bomber and blame his loss on the devs. Picture related.

[Anonymous No.12588263]

>>12588232

>>12588075
>>12588032
>>12588012
>>12588005
>>12587976
>>12587919

holy shit that is sad! Thanks for sharing

[Anonymous No.12588309]

Former head of engineering at Facebook, Bryan Veloso: Nano "just a hype...no real use case"
http://archive.is/uKffm

[Anonymous No.12588481]

>>12586967
After the Nano devs backstabbed and ditched the old community (connected to Bitgrail), ex-Bitconnect community moved in and took over. Pic. That was a major strategic error by the Nano devs/management.

[Anonymous No.12588613]

>>12588232
How much drugs did you have to take to make your conspiracy theories make any sense?

[Anonymous No.12588705]

>>12587541
They guy that found the wallet connected to the devs and movement of $50 million out of BitGrail, when Bitgrail was closed for everyone else, was later banned from /r/nanocurrency.
https://archive.is/acLnr

[Anonymous No.12588712]

>>12586967
Why does something with zero transaction fees need to be worth anything?

[Anonymous No.12588840]

>>12586967
Everyone is leaving, core dev Zack, main community manager Troy jumped the ship. De facto only one dev left. Community destroyed after Bitgrail, when the devs/management back-stabbed and ditched them.

[Anonymous No.12589217]

>>12587648

fuck all these trash communities man. the absolute state of crypto in 2019

[Anonymous No.12589339]

>>12586967
>what went wrong
1. Rebrand
2. George Coxon
Otherwise not much. The rest are straight out lies (double spending) or things taken out of context.

[Anonymous No.12589454]

Furthermore, let it be known that a court has declared Bitgrail alone at fault for the Bitgrail hack. The Nano fudder must therefore retreat to the shades and continue drinking his own piss.
https://medium.com/@bitgrailvictims/the-bitgrail-exchange-ruling-a-win-for-cryptocurrency-exchange-users-50df6c383571

To everyone who's lost money, you can now make your claims until April or May or something.

[Anonymous No.12589870]

>>12589339
A normal and honest community would take this opportunity to expose these "straight out lies (double spending) or things taken out of context", but of course a nasty and dishonest community like the Nano community (Bitconnect 2.0) will not do that, but rather run away.

I challenge you to document my "lies" and things taken out of context". Make me laugh, fool.

[Anonymous No.12589907]

it's interesting that nano has it's own autistic schizo fudder, not every coin has one

[Anonymous No.12589915]

LITERALLY LOST EVERYTHING TO THIS COIN. I WANT MY MONEY BACK.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

[Anonymous No.12590141]

>>12589907
yeah, I've replied to him countless times with proofs that the team is working on possible spam issues. also when the court decided that nano foundation had nothing to do with the bitgrail hack, he keeps being an annoying spammer, using points that are almost a year old.

nothing you present him will shut him up, he keeps spamming the same age old crap over and over again. it's quite funny how autistic he is. especially comparing nano to bitconnect. what an idiot.

[Anonymous No.12590167]

>>12590141
That's why I don't reply to him anymore

[Anonymous No.12590203]

>>12589454
>Bitgrail alone at fault for the Bitgrail hack
I never said the Nano devs were responsible for the Bitgrail hack. Stop lying.

>The Nano fudder must therefore retreat to the shades and continue drinking his own piss
Nasty comment from a nasty community. Pic related.

[Anonymous No.12590257]

>>12590203
yes you did, you aren't only autistic but also braintarded and don't even remember what you say. you said multiple times the core devs were in on the scam. anyway I have to get going and actually do productive things so this will be my last post. already lost an hour on this retard yesterday.

[Anonymous No.12590296]

fuck this retarded coin. obviously a pump scam. honestly, theres no reason to even pay a dollar. hope it goes to sub cents.

[Anonymous No.12590314]

>>12590141
>>12590167
I have presented my criticism of Nano here:
Dangerous flaws and major problems with Nano
http://archive.is/diUnZ

Nano Heading for Disaster – Dirty Deals with BitGrail
http://archive.is/GGWIG

Nano and Bitgrail leaders scammed over $100 million from Bitgrail
http://archive.is/zAtyl

Only extremely rarely did I get replies based on facts and logic. The vast majority of the replies from you would be the usual slur, mudslinging, ad hominem attacks and verbal use, - that combined with vile and rabid flagging of comments exposing your failed shitcoin. Just look at your sh!t comments here in this thread.

>using points that are almost a year old.
Are you really so stupid that you seriously say I can't criticize you lying about 7 000 TPS, "because" you have lied about it more than one year?

>nothing you present him will shut him up
Show me a single incident where you have presented facts and logic to counter my criticism of your shitcoin pushed by Italian spammers.

> proofs that the team is working on possible spam issues.
Nano devs and nano community lie about Nano not being totally open for spam attacks. I expose that lie and you dishonest and slimy nanoids then say you are "working on it" and thus you have "refuted" me exposing your lies. Do you have any idea how insane you sound?

>especially comparing nano to bitconnect
Bitconnect community emigrated to Nano after the old Nano community left due to the Nano devs catastrophic and immoral handling of the Bitgrail "hack"

Nano community is the most creepy and dishonest community in whole crypto. Pic related.

[Anonymous No.12590331]

>>12590257
>you said multiple times the core devs were in on the scam.
Sure, for some reason you have zero documentation, Nano liar.

[Anonymous No.12590343]

>>12590331
What I said can be found here:

Nano Heading for Disaster – Dirty Deals with BitGrail
http://archive.is/GGWIG

[Anonymous No.12590471]

literally Reddlt: The Coin

[Anonymous No.12590568]

>>12586975
Forgot to add aggressive distribution to street shitters

[Anonymous No.12590656]

>>12590314
>Nano devs and nano community lie about Nano not being totally open for spam attacks. I expose that lie and you dishonest and slimy nanoids then say you are "working on it" and thus you have "refuted" me exposing your lies. Do you have any idea how insane you sound?
the only person who sounds insane here is you. all the blockchains have issues. Bitcoin isn't usable, eth isn't usable, none of the currenct coins scale or have other problems. stop being such a fucking retard. here you can clearly see solutions are being worked on.

https://github.com/nanocurrency/nano-node/issues/1645

but instead you keep calling Nano bitconnect 2.0. it isn't a fucking ponzi lending pyramid scheme you absolute tard man. Ok this wil be my final post. give it a few more months / years and the possible spam issues will be solved

> blah blah eth is gonna scale before that blah blah
it isn't.


later nanofudder, the worst fucking autist I hve ever seen. Go shit on coins that deserve to be shit on, like REQ. now that's a fucking joke.

[Anonymous No.12590764]

>31 posts by this ID
/thread

[Anonymous No.12590775]

>>12586967
Premining
Bitgrail
Dev team dumping on binance

I could go on, but I’m sure someone else covered the others

[Anonymous No.12590891]

>>12590656
Since you are repeating the same debunked garbage again, from yesterday, I will just copy/paste my answer to you:

>There's PoW priorisation now to combat DDOS.
It will not prevent saturating the network for days/weeks.

With 756 TPS and claiming to be a global currency, it does not matter what you do. Even a 1 000% increase in TPS would not be even close to enough. Competitors are working with millions of TPS and are preparing to release within the next months. There is no way Nano can compete.
https://www.quora.com/I-have-10-000-to-invest-in-cryptocurrencies-now-Is-investing-equally-in-Elastos-Zilliqa-Dent-Basic-Attention-Token-and-Nano-the-best-solution-for-maximum-return-within-5-10-years/answer/Marius-Kramer

>so ETH has 30tx/sec at the base layer, nano has 700. how is that not better?
You really don't understand anything. The first layer is all about security and nobody cares about TPS. Nano was all made for speed/TPS and cut corners like crazy. Among the worst coins in regards of security and stability. So you are admitting that Nano must have a second layer? How will Nano compete with de facto a single dev, that was not even full time Nano employed 1.5 years ago, against Ethereum.
https://media.consensys.net/andrew-keys-ethereum-has-30-times-more-devs-than-the-next-blockchain-community-27980a5ddc09

Nano has not even started with their second layer approach and is years behind competitors. If Nano needs a second layer, you are doomed. There is no way you can compete. Especially not with a complete broken community after the Nano devs/management ditched and back-stabbed the Bitgrail victims, a huge and important part of the community.

>. The first layer is all about security and nobody cares about TPS
>we dissagree.
TPS on second layer is independent of TPS on first layer. Second layers security is a derivative of first layers security. These are facts and not something to disagree about.

[Anonymous No.12590901]

>>12590656
Cont.
>can you read? I said i don't invest in coins that want to do second layers,
Well, then this statement of your is totally insane:
>all the techniques that are being implemented to make it go faster ( ETH ) can be implemented for NANO to make it go even faster.
So you will implement Ethereum's second layer technology on Nano's first layer? You believe you can use second layer technology on first layer? Are you insane? At least this explains why you "invest" in Nano, ie Bitconnect 2.0

Source:

[Anonymous No.12590931]

>>12590656
Cont.
>can you read? I said i don't invest in coins that want to do second layers,
Well, then this statement of your is totally insane:
>all the techniques that are being implemented to make it go faster ( ETH ) can be implemented for NANO to make it go even faster.
So you will implement Ethereum's second layer technology on Nano's first layer? You believe you can use second layer technology on first layer? Are you insane? At least this explains why you "invest" in Nano, ie Bitconnect 2.0

Source:
>>12569879

[Anonymous No.12591616]

>>12586967
The Nano team lie over and over again and the Nano community is the most retarded online, everytime there is any criticism of Nano they automatically scream ''FUD'' and other nonsense without addressing anything (the Nano team also doesn't ever address any of the problems being highlighted).

[Anonymous No.12592476]

>>12591616
True, it is a very sad and dysfunctional community. That the Nano devs and managers ditched the old community after Bitgrail and got the crazy Bitconnect community was a disaster.

[Anonymous No.12592561]

>>12592476
(You)

[Anonymous No.12592844]

>>12590314
>I have presented my criticism of Nano here
No shit Sherlock you have 50% of the posts in this thread, you're like that guy screaming on the side of the road that the world will end tomorrow

[Anonymous No.12593135]

>>12592476
OP you seem to know your stuff, what are you invested in?

[Anonymous No.12593141]

>>12592844
I am also responding to nasty, idiotic and senseless comments from crazy nanoids like you. Don't post your spam, mudslinging, and I will not reply.

[Anonymous No.12593683]

>>12593141
how much did you lose

[Anonymous No.12593722]

>>12593135
Bet you it's Nano. I've never seen anyone try so hard as you. Makes you wonder why you're putting all this effort. I can't tell if I should feel sorry for you or you're trying lower the price?

[Anonymous No.12593893]

>>12586967
Looking at this thread and seeing all the unintilligent, low IQ commemts from Nano community, it has only confirmed what I wrote earlier. Nano is completely retarded.

[Anonymous No.12594018]

>>12593722
Sure, when I was warning against Bitconnect, I secretly thought it was THE best investment ever, and just wanted to lower the price. Right? Again, do you Nano idiots have any idea how scary and death-cult like you look for potential investors? Did you all transform into a suicide cult after you transitioned over from your beloved Bitconnect?

Pic, Zack Shapiro two weeks before bomber "discovered" that 80% of Nano was stolen.

[Anonymous No.12594026]

>>12593135
https://www.quora.com/Which-cryptocurrencies-are-non-starters/answer/Marius-Kramer

[Anonymous No.12594049]

>>12594018
Holy shit this guy is still at it. He has stamina, have to wonder what pays for him to shitpost all day.
$10 says it's mining equipment.

[Anonymous No.12594069]

>>12591616
Reminds me of OmiseGo
It's got that brainletness to it where the investors are so convinced. Nothing could possibly be legitimate criticism, no, everyone is a fudder or whatever to them. Nevermind that your coin is just another currency alt that already mooned.

[Anonymous No.12594072]

1) poor incentive structure

2) DPOS is susceptible to voter manipulation through blackmail or bribes

3) You can get cheap transactions combined with privacy with Monero

[Anonymous No.12594904]

>>12594018
>>12594026

Why don't you try this hard for the linkers?
Why do you care about other people investing into coin. It really sounds like you're trying to sell fud to buy more at lower price.

[Anonymous No.12594979]

>>12594904
>trying to sell fud to buy more at lower price.
Sure, every single one of us that invested time in warning against Bitconnect, did this solely because we were "trying to sell fud to buy more at lower price", right? That's the crazy pseudo-logic and insane death cult answer from the vile Nano community?