/biz/ - Business & Finance

The network isn't even breaking a sweat. Probably MasterCard kicking the tires...

>>30121912
Either that or nanofudder desperately bashing his head against the wall. Only 24 TPS sustained for 24 hours? Those are rookie numbers.

>>30122218
maybe he is the one spamming, godspeed nanofudder! weird he hasn't unloaded his fud copypasta yet

>>30121309
This kind of shit would be acceptable if perhaps the default node had an option to compress the ledger with lz4 or something, that way the spam would take up less disk space

>>30123018
I have been watching the spam attack for the last 8 hours and the ledger hasn't increased in size from 40.30GB, not one decimal.

I do believe pruning is in the works however. Due to how Nano records account balances, in theory the operating ledger could be pruned down to simply recording the most recent transaction, with the legacy ledger being saved on historical nodes.

Is infinite scalability? Sounds like it.

are we taking off yet in at 2

You bagholders are pathetic. All this effort shilling when you can spin up your own network.
https://docs.linuxserver.io/images/docker-nano
The network this runs on is worth almost nothing, that is what none of you understand. It is in the thousands of dollars per month of infrastructure.
I'm telling you guys, change a couple files, put a new prefix and spin up your own without the fucked coin distribution that is Nano.
Shit, just run a new captcha drop, but do it transparently and not like a bunch of shady kikes like Colin did.

>>30123287
idk, Nano has really low liquidity. It seems to be a coin that you either love or hate. And right now we have gotten normie attention (top 5 most popular crypto subreddit, top 3-5 average most mentioned crypto on twitter), yet we are rank 88 currently.

What this says to me, is that there are a lot of real world people getting invested in Nano, as opposed to whales who would like to own a large share of the supply. This becomes more evident when you realize Nano had no ICO. There was no one who got in early and has a large financial, institutional investment to shill it. You can see further examples of this comparing the community and posts/media behind Nano vs. other projects. This board especially is quite telling.

That being said, most people I have to imagine are holding. The community is resilient, and aside from a few of the reddit tier wsb faggots that aped in last month, most of us know this is the long game. Any serious buys will spike the price quite a bit. Because there simply isn't that much available.

Zero inflation combined with being fully distributed, with no fees or funds being recirculated by miners, means that Nano is one of if not the most stable assets in existence. It can only be obtained through the direct sale of one individual to another.

luvUNano~

>>30124075
UwU

Looks like the spammer finally gave up or exhausted his resources. Hope he enjoys the several thousand dollar electricity bill, kek.

>>30125460
go Nano!

>>30121309
Nano is a scam and you know it.
>>/biz/thread/S28856161

Pic. Nano scammers looking for new paypigs aka "investors"

>>30121309
>Nano is centralized vaporware.
>Nano foundation shuts down nodes they don't like through a backdoor and/or exploit. Pic.

>>30121309
>1,000,000 transactions of literally nothing
okay then?

Just hit 64.65 CPS

You are like a little baby. Watch this.

>>30121309
>It takes only a mild 200-300 tps spam to crash the Nano network. After that, Nano Foundation must send around zip files to node operators to "update" the transaction history.

>>30127367
HIT EM WITH THE GINGER WHORES INSTA FEED SENPAI, I KNOW YOU WANT TO DO IT TO EM

>>30127758
sum1 is mad, look at all those spam transactions. Literally not even slowing down the network, kek

https://www.nanolooker.com/

SUBMIT

>>30121309
Nano fudders?

I fucking sold my Nano, is the Nano fud vaporwave? Should I buy again?

>>30121309
Only reason why anyone has heard about Nano is that they lied about Nano having 7000 tps (reality was 1% of promised tps) when BTC network was clogged in late 2017. Worse Nano has the absurd business model that they can get suckers to run the network for free, zero compensation whatsoever, and thus have zero fees. Works well when NOBODY is using the crashed tech network. However, if you ask how much it will cost in CPU, IO, bandwidth, hardware etc to run a global network on their plebbit page, /r/NanoCircleJerk, you will be banned within seconds. Same if you ask anything related to their crashed tech, cost analysis for a global network based on volunteers taking all the costs, swindle, corruption and scam. Nano provides zero real-world transparency.

>>30121309
>>30128050
The sad reality behind the vile 7000 tps claim from Nano scammer devs, Jewish grifters and Italian swindlers, was 75 tps. Even today, two years later, Nano scammers can't even muster 10% of what they claimed in 2017.

>>30128020
If you fell for nano fudder's schizophrenic rants, congrats, you failed the IQ test. XRP is that way.

>>30121309
>>30128050
>>30128117
It was well known in the community that Nano devs and team were lying through their teeth. Vitalik even tweeted about it

>>30128183
Vitalik even threatened to fork Ethereum just to keep Nano off of the network. Worst ERC-20 he has ever seen, kek.

>>30121309
>Likes nano
>Just like digital fiat, but worse
>Too volatile for anything
>Can't buy anything with nano, need to sell for fiat
>Byebye "zero fees" then
>Zero fees means zero incentivization for holders
>Centralized shitcoin

What's your excuse for shilling this reddit-tier shitcoin?

>>30128348
I just like making the neckbeard variety of plebbitchanners seethe

>>30128129
You spamming Nano scammers always get hysterical when presented with facts. All you have is spamming and reporting comments. Your favorite trick is to ask me what cryptos are better than tech trainwreck Nano, if I answer you will report my comment as "advertisement". Pic related. You sick Nanoids are so predictable, totally unable to defend your lying scammer team and shitcoin vaporware.

>>30121309
> -86% from 2018 ATH
> every new shitcoin has mooned
imagine still shilling this shitcoin

>>30128439
LOL

>>30121309
>All Nano scammers have is criminal and lying devs, plus a horrific shitcoin of a tech trainwreck Nano is wide open for spam attacks, due to your feeless transactions, i.e. volunteers taking all the costs for no reason. No wonder Nano's hysterical core dev Colin is threatening to sue anyone who stress test or spam test Nano. Pic.

>>30128422
Trust me, you won't regret selling your nano for ANY DeFi project token. You do realize that there is zero incentives for holding nano?

>>30128622
DIDN'T READ
NEVER SELLING

>>30128439
So what cryptos do you recommend anon?

>>30128862

>>30128699
You understand that anything with volatility will NEVER be a widely accepted currency? You will probably profit off sure, since it attracts people, who don't understand anything about finance, but I will say this: you will get much bigger AND safer gains by diversifying on mid cap DeFi projects.

>>30121309
>Nano is wide open for spam attacks. The last attack to crash the Nano network had basically no costs. Pic.

>>30121309
Nano is not free, can't scale, and is wide open to spam attacks. Nano's claim in their whitepaper about unlimited scaling is absolutely rubbish. It's just as crazy as me stating that I will go the moon using my bicycle, proudly claiming that my speed is unlimited, only restricted by my muscle strength and I am getting stronger and stronger for each day, and very soon I will be strong enough to get such a high speed that I will jump to the moon. Ridiculous. Do they have any written plan for 100 000 TPS? Any cost analysis? ETH and other competitors will roll out 100K to 1 million TPS in a matter of months/year.

Nano has done zero cost analysis for 100 000 TPS bandwidth, CPU, and IO. Random volunteers are supposed to take costs involving millions of USD each year, working on the network 24/ with no downtime, holidays, Christmas etc. Nano has done nothing to provide how it is feasible for Nano to reach 100 000 TPS within the next years. However, imagining it's possible, Nanoids admits that Amazon and large operators like them will take all the costs and burdens of operating the system. That's a clear and open single point of failure (SPOF) and is the very reason why people choose crypto currencies over banks and centralized payment systems. That Nano is not able to identify a clear and basic SPOF in their system is worrisome on multiple levels.

Pic Nano hodler getting assraped since January 2018 by the Nano Devs, Italian scammers, and the market, buying some more, while screaming:
"2 da moooOooooooOooon!!!"

YuO cAn spAm tHe nEtWorK fOr 50 ceNts An hOuR

Meanwhile in reality, while the network is currently being spammed:
>https://www.nanolooker.com/

>>30129055
Network is not getting spammed. There is virtually no load on the network.

It takes virtually nothing to cripple your Nano network and make it unusable. Pic related. There is no way in hell Nano will be a global currency ever.

>>30129224
You are right, this attempt at spam is literal dogshit tier. 60 TPS peak with sustained 20 TPS for a 24 hour period totaling over a million transactions is literally nothing for the Nano network.

Hope a big boy comes along soon to show us how its done. Any takers?

>>30128862
>>30129336
Nano's tech is crashed and will never ever be a global currency with 200-600 tps, wide open for spam attacks. Minium for a global currency is 100 000 tps, Visa has 65 000 tps and is not calibrated for serving the unbanked and micro-payments.

Constellation has zero fees and has solved the scaling problem. Only those with mass usage must pay the nodes, while private citizens have no fee on their transactions. Thus they also have avoided the spam problem. Unlike crashed tech trainwreck Nano.

Solana can do 50 000 tps and the average free per transaction is $0.00001. Fees are not a problem.
https://solana.com/

Disclaimer, I have no Solana as I did not like their distribution.

Bitgrail trustees are ready to dump 4 million Nano on the market. That shit will go back to sub 1 USD and then just fizzle away.


Even former Nano core dev Zack Shapiro has no faith in this shitcoin. He explains in pic why Nano is unable to compete with BTC, and will fail. Nano is a scam.

Currently at 59.03 CPS

IS THAT ALL YOU GOT?

>>30129909
You need 100 000 tps to become a global currency with micro-payments.

So you Nano idiot are bragging about 59 CPS, i.e. 25 TPS? Nano is surely the most retarded and nasty communty in crypto. No wonder since so many of you came from OneCoin community. Pic related.

>>30130880
nano has no fees, unlike whatever shitcoin you're probably holding

>>30131692
>nano has no fees, unlike whatever shitcoin you're probably holding
Because all costs and work is done by volunteers. A crazy system that functions with zero load on the network but with never function if your tech trainwreck would ever be able to go from 200-600 tps to the necessary 100 000 tps. Plus with no fees, your shit vaporware is wide open to spam attacks.