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17805828 No.17805828 [Reply] [Original]

>instant transactions
>feeless
>infinite scalability

How could Nano become irrelevant despite having such promising technology?
Did other coins made them obsolete?

>> No.17806225

Free to use means network has no value means coin has no value.

Value is derived from labor/effort/energy/difficulty. Nano requires none of those so the network value is essentially zero.

>> No.17806246

>>17805828
instant dogshit
instantly to 0

>> No.17806302

>>17806225
I wonder if you could bootstrap value into a coin like NANO if it was initially circulated through some kind of pseudo-mining distribution scheme.

>> No.17806373
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17806373

>>17806225
So Bitcoin is the most valuable coin because it's network is the most expensive one with huge energy consumption?

>> No.17806399

No one cares about this 2015 shitcoin. KYS

>> No.17806490

>>17806373
There's some logic to that argument. Minting a Bitcoin requires significant resources and its value is at least in part a representation of the wealth/resources that were used to create it.

>> No.17806512
File: 113 KB, 430x328, 421CA360-E6D4-4619-B4E0-E95A4E5C5885.png [View same] [iqdb] [saucenao] [google]
17806512

>>17805828
>NANO

>> No.17806529

>>17806399
Let me guess: You're one of Sergeys cockslaves?

>> No.17806530

>>17805828
>promising technology?
It's flawed tech. We've been telling you Redditors for so long.

>> No.17806558

>>17806529
No, that’s another overvalued shitcoin. Sell now or you’ll sell me your bags at ten cents Nano cuck

>> No.17806627

>>17806558
I don't own Nano at all. Just curious about the project.

>> No.17806671

>>17806627
There's too much drama around NANO. Good luck having a worthwhile discussion about it on any crypto forum let alone biz.

>> No.17807498

>>17806373
No. Expenditure (energy and mining capital) is an irretrievable sunk cost on primarily POW based consensus mechanisms. This creates a better product as it is more immutable. To change something in the ledger from 10 blocks ago would require me to have mining capital that has 51% of the total hash rate, and I would need to spend the energy for 10 blocks. This cost to attack the network would be enormous.

DAG / POS based cryptocurrencies do not have this extra added layer of security are are consequently vulnerable to; future attacks, nothing-at-stake 'voting' on chain forks, weak subjectivity + much more.

POW is dominant for a reason. Or you could elect to be one of the braincels that believes everyone is out to get your chitcoin and they're doing everything they can to prop up BTC.