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I think Nano (https://nano.org https://nano.org -- just rebranded from RaiBlocks) will become one of the biggest arbitrage currencies due to zero fees and its h

I think Nano (https://nano.org https://nano.org -- just rebranded from RaiBlocks) will become one of the biggest arbitrage currencies due to zero fees and its highly scalable architecture (7k+ TPS tested). I've been working my butt off to make sure as many people as possible will be able to build with it as the documentation and ecosystem are currently lacking. See https://www.nanode.co/node-api https://www.nanode.co/node-api Prunability included.

Alex3917 9y ago
> zero fees and its highly scalable architecture But there are a dozen similar projects now, so why this one?
- BoiledCabbage 9y ago
  I'm assuming because he financially benefits from this one.
- koonsolo 9y ago
  Such as? The only one I can think of is IOTA, but it mainly focuses on IOT or act as underlying technology, not really user friendly.
dannyw 9y ago
I looked into the whitepaper of Nano. It is definitely intriguing, however there is relatively little attention paid to how it is attack proof. A network partitioning attack, combined with a double spend that is embedded and sent to the chain of a major economic actor (like an exchange), will result in the blockchain irreversibly forking in perhaps an hour without any way of reconciliation.
0wing 9y ago
Raiblocks aka Nano is a scam. "Distribution is complete" - how was the supply created and distributed? https://raiblocks.net/page/frontiers.php?limit=100 https://raiblocks.net/page/frontiers.php?limit=100 Basically someone created Raiblocks by forking another DAG 'blockchain' database, and allocated themselves millions of coins spread across many addresses. A few thousand coins were given to the public if they clicked captchas. These people who generated raiblocks / nano are now essentially multi-level marketeers trying to convince you to buy their beanie babies. https://www.youtube.com/results?search_query=raiblock+captcha+ https://www.youtube.com/results?search_query=raiblock+captch... Remember, anytime you buy a cryptocurrency means someone else is trying to cash out.
- rawrmaan 9y ago
  As an outsider who has become deeply involved in the community, your assessment of the creators could not be further from the truth. They are hard-working, honest individuals who are extremely open about their process and holdings. Check out the dev fund, which represents about 5% of total holdings: https://www.nanode.co/account/xrb_1ipx847tk8o46pwxt5qjdbncjqcbwcc1rrmqnkztrfjy5k7z4imsrata9est https://www.nanode.co/account/xrb_1ipx847tk8o46pwxt5qjdbncjq... The core team has been working very hard to try and improve the software, and they are making strides every month. I am constantly impressed with their professionalism and stature.
- Alex3917 9y ago
  > anytime you buy a cryptocurrency means someone else is trying to cash out. The reason people sell stuff is usually to optimize their portfolio construction, not because they think the price is going to go down. Just because you think something is going to go up 10x in the next year doesn't mean it's a good idea to hold onto it.
  - sincerely 9y ago
    >Just because you think something is going to go up 10x in the next year doesn't mean it's a good idea to hold onto it. Could you please explain this to me
    - Alex3917 9y ago
      I think Stellar is going to go up 10x by the end of next year. That doesn't make it a good life decision to mortgage my house and put my life savings into XLM.
- koonsolo 9y ago
  Please explain which blockchain they forked? The original RaiBlocks paper and first beta implementation was published in December 2014. If you make accusations, please back up your claim. To be honest, I don't care about them cashing out. Everyone who builds a company that changes the world cashes out. Nano is solid technology, doing what it promises in practice. So I don't see how this is a scam or a get rich quick scheme. If them make the new bitcoin, they can cash out for all I care, and I hope they do. Beanie babies? Please explain how their technology is inferior compared to e.g. Bitcoin, Litecoin, Bitcoin Cash, ... .
koonsolo 9y ago
I don't know why you are getting downvoted, because I also agree with this. Tech wise it's the best cryptocurrency out there for this purpose. If someone else disagrees on a technical level, please explain.

Alex3917 9y ago

> zero fees and its highly scalable architecture But there are a dozen similar projects now, so why this one?

BoiledCabbage 9y ago
I'm assuming because he financially benefits from this one.
koonsolo 9y ago
Such as? The only one I can think of is IOTA, but it mainly focuses on IOT or act as underlying technology, not really user friendly.

dannyw 9y ago

I looked into the whitepaper of Nano. It is definitely intriguing, however there is relatively little attention paid to how it is attack proof. A network partitioning attack, combined with a double spend that is embedded and sent to the chain of a major economic actor (like an exchange), will result in the blockchain irreversibly forking in perhaps an hour without any way of reconciliation.

0wing 9y ago

Raiblocks aka Nano is a scam. "Distribution is complete" - how was the supply created and distributed? https://raiblocks.net/page/frontiers.php?limit=100 https://raiblocks.net/page/frontiers.php?limit=100 Basically someone created Raiblocks by forking another DAG 'blockchain' database, and allocated themselves millions of coins spread across many addresses. A few thousand coins were given to the public if they clicked captchas. These people who generated raiblocks / nano are now essentially multi-level marketeers trying to convince you to buy their beanie babies. https://www.youtube.com/results?search_query=raiblock+captcha+ https://www.youtube.com/results?search_query=raiblock+captch... Remember, anytime you buy a cryptocurrency means someone else is trying to cash out.

rawrmaan 9y ago
As an outsider who has become deeply involved in the community, your assessment of the creators could not be further from the truth. They are hard-working, honest individuals who are extremely open about their process and holdings. Check out the dev fund, which represents about 5% of total holdings: https://www.nanode.co/account/xrb_1ipx847tk8o46pwxt5qjdbncjqcbwcc1rrmqnkztrfjy5k7z4imsrata9est https://www.nanode.co/account/xrb_1ipx847tk8o46pwxt5qjdbncjq... The core team has been working very hard to try and improve the software, and they are making strides every month. I am constantly impressed with their professionalism and stature.
Alex3917 9y ago
> anytime you buy a cryptocurrency means someone else is trying to cash out. The reason people sell stuff is usually to optimize their portfolio construction, not because they think the price is going to go down. Just because you think something is going to go up 10x in the next year doesn't mean it's a good idea to hold onto it.
- sincerely 9y ago
  >Just because you think something is going to go up 10x in the next year doesn't mean it's a good idea to hold onto it. Could you please explain this to me
  - Alex3917 9y ago
    I think Stellar is going to go up 10x by the end of next year. That doesn't make it a good life decision to mortgage my house and put my life savings into XLM.
koonsolo 9y ago
Please explain which blockchain they forked? The original RaiBlocks paper and first beta implementation was published in December 2014. If you make accusations, please back up your claim. To be honest, I don't care about them cashing out. Everyone who builds a company that changes the world cashes out. Nano is solid technology, doing what it promises in practice. So I don't see how this is a scam or a get rich quick scheme. If them make the new bitcoin, they can cash out for all I care, and I hope they do. Beanie babies? Please explain how their technology is inferior compared to e.g. Bitcoin, Litecoin, Bitcoin Cash, ... .

koonsolo 9y ago

I don't know why you are getting downvoted, because I also agree with this. Tech wise it's the best cryptocurrency out there for this purpose. If someone else disagrees on a technical level, please explain.