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Raiblocks aka Nano is a scam. "Distribution is complete" - how was the supply created and distributed? https://raiblocks.net/page/frontiers.php?limit=100 http

by 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, ... .

by 0wing 9y ago

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, ... .