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Bitcoin vs. Nano
Nano is the currency of the people. Not the institutions.
Bitcoin fees often exceed $10 per transaction. Nano has no fees, and never will.
* Bitcoin transactions take an average of 10-60 minutes. Nano transactions take 0.2 seconds.
* Bitcoin transactions use ~741 kWh of electricity each. Nano transactions use 0.000112 kWh.
* Bitcoin can't scale past 7 tps. Nano's tps is uncapped and limited only by hardware.
* Bitcoin miners will inflate its supply until the year 2140. Nano is fully distributed.
Bitcoin is not the inevitable long-term "winner" of cryptocurrencies. Its technological limitations and disastrous environmental impact would create an incredibly bleak future for the everyday person. There is a clear alternative to Bitcoin, and they don't know it exists: Nano.
The rumor that Nano is being suppressed by crypto miners and Bitcoin maximalists has been around for a very long time, and it makes sense. Nano works ridiculously well, and is there to eat the cake of all the miners who are raking in millions a day. BTC maxis and miners hate the word Nano, and have a strong incentive to literally pay to have it disappear from the face of the earth. Bitcoin influences on Twitter have muted the word Nano because they know their thesis is fucked when it gets mentioned.
Github ref: https://github.com/nanocurrency
Website ref: https://nano.org/
linkedin: https://www.linkedin.com/company/nano-foundation/
- gus_massa 6y ago> Bitcoin can't scale past 7 tps. Nano's tps is uncapped and limited only by hardware. It's very easy to fix. Just increase the maximum block size. There is a fork that does that and a fork that use smaller transactions in a secondary chain. > Bitcoin miners will inflate its supply until the year 2140. The Nano foundation got 7M/133M = 5% of the initial coins for a "developer found". Did they spend/distribute all of it or it is still saved? Miners will get 2.4M/21.0M, that is a 11% inflation. And they have to spend most of it in the mining. Just call this 11% a developer found, and the difference is not so much. > Nano is fully distributed. I still don't understand how is Nano protected of double spending without PoW or PoS or centralization.
- donutloop 6y ago> I still don't understand how is Nano protected of double spending without PoW or PoS or centralization. Attack-vectors: https://docs.nano.org/protocol-design/attack-vectors/ https://docs.nano.org/protocol-design/attack-vectors/
- donutloop 6y ago> It's very easy to fix. Just increase the maximum block size. There is a fork that does that and a fork that use smaller transactions in a secondary chain. A fork is not a feasible solution who knows if this fork get's ever merged into the master branch of bitcoin
- gus_massa 6y agoThis is precisely what happened in 2017 in the "Bitcoin" vs "Bitcoin Cash" fork https://en.wikipedia.org/wiki/Bitcoin_Cash https://en.wikipedia.org/wiki/Bitcoin_Cash One part of the community used one fork and the other part of the community used the other fork. Both solutions increase the tps.
- donutloop 6y ago> The Nano foundation got 7M/133M = 5% of the initial coins for a "developer found". Did they spend/distribute all of it or it is still saved? > Miners will get 2.4M/21.0M, that is a 11% inflation. And they have to spend most of it in the mining. Just call this 11% a developer found, and the difference is not so much. I don't understand your point please elaborate more on your point, thanks!
- wesapien 6y agohi, found something that might address some of the concerns regarding nano. it's like q&a that someone has compilled regarding comlon nano challengesnor criticisms. http://nanofud.com/ http://nanofud.com/
- wesapien 6y agoanother community created information https://github.com/georgehara/nano/wiki/unofficial https://github.com/georgehara/nano/wiki/unofficial
- ur-whale 6y agoNano may be a great alt and worth considering. But this rant, with all the trappings of a fanboy conspiracy theory has the exact opposite effect to what you are trying to achieve: just reading it made me want to close the tab and never look at nano again. It took quite an effort to keep on reading. Now, please present us with a concise and solid technical argument as to why nano's consensus methodology is better than bitcoin's. And I don't want to hear about "features" (it does this, it does that), but arguments proving the methodology is as least as secure as Bitcoin's.
- donutloop 6y agoWhitepaper: https://content.nano.org/whitepaper/Nano_Whitepaper_en.pdf https://content.nano.org/whitepaper/Nano_Whitepaper_en.pdf
- patatino 6y agoMeh, I prefer bitcoin. Bitcoin does not have a LinkedIn profile.
- brokensegue 6y agohttps://www.linkedin.com/company/bitcoin-foundation https://www.linkedin.com/company/bitcoin-foundation
- posnet 6y agoHave you considered the reason that it's not popular is not some elaborate conspiracy theory, but rather that it is yet another cookie cutter product entering the already extremely saturated alt coin market? Especially as your listed features are also listed on half a dozen other coins/chains as well.
- zepolen 6y agoIt's not though. It's been around since 2015, it uses multiple novel crypto concepts not seen in any other coin and elegantly solves every traditional problem with Bitcoin (fees, speed, energy, centralization) unlike those cookie cutter copy coins on the market. The main reason it's not well known, is people like you. You made no effort to learn about it before dismissing it, just like you did for Bitcoin first time you heard about it.
- donutloop 6y agoThe project has 2800 stars on Github and many redditors are talking about it. https://github.com/nanocurrency/nano-node https://github.com/nanocurrency/nano-node
- deleted 6y ago[deleted]
- stuaxo 6y agoDoes it solve the issue bitcoin had, of increasing energy requirements, or will it be in the same place as bitcoin in a few years if it's successful?
- donutloop 6y ago"Eco-friendly As the world continues efforts to reduce pollution and energy consumption, many digital money networks have resorted to wasteful designs to secure their networks. Nano is smartly designed to address this issue by not relying on power-hungry mining for security, but instead uses a lightweight and efficient consensus protocol called Open Representative Voting (ORV) for minimal energy usage." ref: https://nano.org/ https://nano.org/
- fredrik_skne_se 6y ago"Why do pople buy bitcoin?" Its propboly some of the same answers for "Why do people buy gold?" Its bad for the evironment. It expensive to dig. Its expensive to store and its a hassle to things with.
- donutloop 6y agoBitcoin wanted to replace money not gold so they didn't delivered as promised.
- donutloop 6y agoBitcoins transaction cost are ridiculous high again https://ycharts.com/indicators/bitcoin_average_transaction_fee#:~:text=Bitcoin%20Average%20Transaction%20Fee%20is,K%25%20from%20one%20year%20ago https://ycharts.com/indicators/bitcoin_average_transaction_f....
- donutloop 6y ago"Bitcoin Average Transaction Fee is at a current level of 17.08, up from 8.904 yesterday and up from 0.5638 one year ago. This is a change of 91.79% from yesterday and 2.93K% from one year ago." As normal user i don't want to pay so much money for a single transaction it will never replace money with such high transaction cost.
- detaro 6y agoIf your intent was to promote it without looking like a scam, submissions like this aren't helping...
- donutloop 6y agoit is not looking like a scam. I added references to all important documents.
- robjan 6y agoSince the entire supply has already been airdropped to select people how is this "money for the people" rather than crypto-cronyism?
- donutloop 6y agoEco friendly, feeless, ultra fast, limited coin supply
- robjan 6y agoThat doesn't address the issue that I raised in that a "landed gentry" has been created by airdropping millions of tokens to a relatively small group of people. The only way to get hold of tokens is to buy them from these people.
- donutloop 6y agoBitcoin has so far only one use case holding it. It is to expensive to buy some small things with it, can't really scale without suffering high transaction price changes and depends on all miners. Bitcoin wanted from the begin revolutionize the money world didn't happened so far. Now everyone says it will replace gold. Just false promises.
- donutloop 6y agoPlease add a ref to this airdrop function.
- student2k 6y agoProblem is how it was distributed, yes fosset etc but still early adopters are like 0.0001% of world people, Also there is 0 adaptability, For me the perfect one would be decred, solid based, ready to evolve, But with slower block reward, let future generations wins too.
- student2k 6y agoTransaction by second and transaction speed is way way behind in the list of important thing for a store of value.