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/biz/ - Business & Finance

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NKN red pill Anonymous Fri Aug 24 09:32:46 2018 No.10817732 [Reply] [Original]

-16 mill cap (taking into account VC token release by EOY).
-Founded by Yanbo Li, guy who wrote the code which NEO and uses
-Rest of the core team all held high level positions at Nokia, Qualcomm, Google
-Ambitious, but great use case for blockchain relating to removing inefficiencies and bottlenecks in internet and cellular data
-Working with ISPs in Asia, EU, and USA, along with 3 of EU and USAs largest cellular data companies, under NDA so far
-Research on consensus algorithm being done by Diffie's Cryptic Labs
-Backed by large VCs from both west and east : NEO Global Capital, BlockVC, Arrington XRP, Fenbushi, among many others
-Silicon Valley based and most of the work they have been doing is with western industry giants
-FUDded to high heavens on /biz, which usually a good sign

A couple of their medium posts which are great reads if you're interested in how the tech works:

https://medium.com/nknetwork/deep-dive-into-nkn-system-architecture-41c0ac4c925e

https://medium.com/nknetwork/the-origin-of-nkn-scalable-moca-consensus-based-on-cellular-automata-20d9985130c0

Just do yourself a favour as buy as many as you possibly can. Thank me in 1-2 years.

>>

Anonymous Fri Aug 24 09:34:11 2018 No.10817742
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Soon test with 10k nodes reaching multiple K TX/s and having the best blockchain in the world.

Only algorand and avalanche is close... but they can do these kind of TPS with a small fraction of nodes. NKN can scale to billions of nodes easily with their revolutionary consensus

>>	Anonymous Fri Aug 24 09:36:18 2018 No.10817753 >>10817732 yeeeha!! i'm ready for take off

>>	Anonymous Fri Aug 24 09:36:41 2018 No.10817762 File: 628 KB, 1595x1020, 1533918096361.jpg [View same] [iqdb] [saucenao] [google] >>10817732

>>	Anonymous Fri Aug 24 09:43:36 2018 No.10817807 There were actually people who didn't buy this at 4 cents and 6 million cap. Let that sink in

>>	Anonymous Fri Aug 24 09:45:23 2018 No.10817822 >>10817807 Does this mean sentiment is changing for NKN. I remember /biz/ fudding at 4 cents when I was buying

>>	Anonymous Fri Aug 24 09:45:58 2018 No.10817826 >>10817807 I refuse to believe that. It can't be possible.

>>	Anonymous Fri Aug 24 09:46:49 2018 No.10817832 File: 91 KB, 750x842, 9B877068-A9C4-4F7C-849A-727E027354FA.jpg [View same] [iqdb] [saucenao] [google] >>10817762 Look I can post pics too

>>	Anonymous Fri Aug 24 09:48:07 2018 No.10817839 >>10817822 Biz won't change its mind until it's back at .50c then they will fomo in and miss all the good gains like always.

>>	Anonymous Fri Aug 24 09:50:11 2018 No.10817855 >>10817839 If only we get back to 0.50. It just feels so far away at this point.

>>	Anonymous Fri Aug 24 10:13:36 2018 No.10818078 >>10817855 >>10817839 it'll happen sooner than you think

>>	Anonymous Fri Aug 24 10:24:46 2018 No.10818176 Fuck i'm streched between link. qash and aurora... need to find something to invest in it before it will be too late

>>	Anonymous Fri Aug 24 10:49:53 2018 No.10818448 new website, probably in a few hours... it was meant to be this week... they were waiting for approvals from VCs (logos etc)

>>	Anonymous Fri Aug 24 10:51:43 2018 No.10818460 This is a true shit coin and will end up in the trash like the rest. muh pied piper kek

>>	Anonymous Fri Aug 24 10:54:38 2018 No.10818485 If you don't have this and Holo you're fucked in the head.

>>	Anonymous Fri Aug 24 11:02:37 2018 No.10818542 >>10818460 B R A I N W A S H E D

>>

Anonymous Fri Aug 24 11:03:55 2018 No.10818562

>>10818460
The only fud for nkn is its shit liquidity exchanges. Devs have been on point with their roadmap and are active as fuck. If this shit began last Nov it would be top 20 in mc right now. Anyone that isnt loading up for when the market recovers isnt thinking long term.

>>	Anonymous Fri Aug 24 11:06:32 2018 No.10818590 >>10818078 Good. I want my fucking money back

>>	Anonymous Fri Aug 24 11:29:26 2018 No.10818822 >>10818460 Nice analysis. Will take that into considering. Thanks anon.

>>	Anonymous Fri Aug 24 11:39:55 2018 No.10818912 >>10818460 such valueable content! thank you so much anon

>>	Anonymous Fri Aug 24 12:19:46 2018 No.10819293 File: 96 KB, 1269x927, Screenshot from 2018-07-09 14-57-00.png [View same] [iqdb] [saucenao] [google] >>10818460

>>	Anonymous Fri Aug 24 13:17:34 2018 No.10820024 bought a few more but neo is in maintenance, anyone else with pending transaction?

>>	Anonymous Fri Aug 24 13:37:52 2018 No.10820234 >>10820024 yes, takes quite some time right now.

>>	Anonymous Fri Aug 24 14:02:02 2018 No.10820478 am I too delusional to see this coin at $5usd?

>>	Anonymous Fri Aug 24 14:27:39 2018 No.10820737 >>10820478 no! i see it even higher

>>

Anonymous Fri Aug 24 14:43:33 2018 No.10820915

"NKN’s economic model will
provide token reward for
participants who help relay traffic
for other users. In addition,
mining reward will also be
proportional to the amount of
data that participants help relay."

If any of this traffic you relay is illegal, will your ISP see you as the owner and distributer of that data?

ISPs typically have fair use policies. How long till they get pissed off with people making money off their infrastructure?

These are the only two issues for me preventing me from buying NKN for the long term, anybody got an answer to either of them?

>>

Anonymous Fri Aug 24 14:51:50 2018 No.10821027

>>10820915
It's all cool. It's not like TOR exit node owners ever find themselves in front of the FBI or anything. I'm sure it'll be even more understandable when you're making bank in the process by laying down the most efficient routes and cheapest bandwidth.

>>

Anonymous Fri Aug 24 14:53:48 2018 No.10821056

>>10820915
I've tried to read as much as I can about nkn but dont have a sure answer. My guess though is the data will relayed in a way that it will act as a vpn so what your data is used for wont be known by your ISP but i could be completely wrong. My second guess is your ISP would have to monitor the public chain to try and track where data goes and what it is used for. Maybe someone else understands it better. They try and simplify their medium articles as best they can, I can tell, but half of it still goes over of my head man.

>>	Anonymous Fri Aug 24 15:04:30 2018 No.10821181 >>10821056 >>10821027 Cheers for the input. I'll do more reading. It's a shame the volume has dried up on switcheo.