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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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17186069 No.17186069 [Reply] [Original]

Bitcoin fee is up to $0.64 today for a next block transaction (10 minutes). $0.31 fee if you are willing to wait 6 blocks (1 hour). Yesterday, Bitcoin users paid $278,000 in fees.

Nano users paid $0 in fees yesterday. Nano users waited a median of 0.8 seconds for their transaction.

Buy now.Thank me later.

>> No.17186126

Can you send a $100 million transaction on the NANO network?

>> No.17186154

no fees = no interest

>> No.17186173

>>17186069
Hi newfag middlewit

>> No.17186628
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17186628

>>17186069
NOOOOOOOOOOOOOOOOOOO YOU CAN'T PAY THE MINERS FOR NETWORK SECURITY!!!!!!!!!!!!!!

>> No.17187329
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17187329

>>17186126

>> No.17187363

>>17186069

Is NANO more secure than Bitcoin?

>> No.17187415

>>17186628
miners don't secure the network

>> No.17187436

nano has no fees, which is exactly why no one wants to run nodes stupid

>> No.17187582

>>17187363
yes security cost nothing. dont worry buy in

>> No.17187605

>>17187436
100+ nodes and counting, schlomo

>> No.17187613

Nano bag holder oh nooooo. Don’t worry I’m sure it will be back to $40 in no time!!!!!!!!

>> No.17187655
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17187655

>>17187582
>https://decrypt.co/18719/four-firms-to-control-nearly-the-entire-bitcoin-mining-industry
Four firms control 95% of Bitcoin mining and that is expected to increase to 98% by the end of the year.
Four entities only control 50% of Nano voting weight and that is decreasing every month.

Bitcoin fee is up to $0.64 today for a next block transaction (10 minutes). $0.31 fee if you are willing to wait 6 blocks (1 hour). Yesterday, Bitcoin users paid $278,000 in fees.
Nano users paid $0 in fees yesterday. Nano users waited a median of 0.8 seconds for their transaction.

Bitcoin consumes 650,000 Wh per transaction. This is enough to power a Tesla Model S for 2100 miles. So, you can drive from Seattle, WA to Dallas, TX using the energy of a single transaction. This electricity isn't free, Bitcoin holders are paying for it (see inflation comment below). And it is hurting our planet.
Nano consumes 0.112 Wh per transaction. Enough to power a light bulb for 6 seconds.

Bitcoin inflates by 1800 coins every day. This amounts to $18,000,000 worth of BTC going to miners every day (mostly to pay for electricity). Bitcoin holders as a whole lost approximately $6 Billion last year due to inflation diluting the value of their holdings. If you held one BTC last year, you paid about $264 to miners to secure that coin.
Nano inflates by 0 coins every day. Nano holders lost $0 due to inflation.

>> No.17188164

>>17187415
Sure they do, they increase the cost of a 51% attack to astronomical levels.

>> No.17188176

Being free means the networks has no value.

>> No.17188359

>>17187655
So you wrote this whole blogpost to explain that BTC/NANO are doomed to fail and their utility will continue to be absorbed by Ethereum?
Seems an inefficient way of shilling, but whatever.
For all the NANO brainlets who don't get it yet: If transactions are fee, who is paying for the network?
>big holders will run nodes
Ok so you are relying on charity, what happens when they sell and move on?
>merchants will run their own nodes
Oh so now it isn't free any more, so there goes its only USP.
It's dead guys, give it up.

>> No.17188435

they both suck

>> No.17188526
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17188526

>>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

>> No.17188600
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17188600

Just bought another 5k worth in fact. We are hitting $10 and soon. The growth pattern over the past 2 weeks speaks for itself, as does the bottom which has been firmly rejected, more than once I might add. In a dream, my cat informed me that he was holding approximately 50,000 NANO. He tells me the future is bright and full of adventure, as he sips his cocktail from Canggu, Bali.