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I have no vested interested in any cryptocurrency, but I have been researching them in the last few months due to the bull run. The polarized views on Nano are
by gnrlst 6y ago
I have no vested interested in any cryptocurrency, but I have been researching them in the last few months due to the bull run. The polarized views on Nano are actually what drew me to research it more in depth compared to other alt coins. My findings are quite positive.
- Over the last 3-4 years the community (both of users and developers) has been chugging away consistently, regardless of bull/bear markets (something that can't be said of 90% of other altcoins).
- It had more of a grassroots start, and the community is creating some pretty cool projects (e.g. WeNano app) which are directly geared towards use, not promises/announcements.
- It's certainly a lot greener than others (not sure how other BTC contenders measure on the energy spectrum, so won't comment further)
- It's fee-less, which if you ask me is a critical aspect of a P2P, decentralized currency. I understand the game theory behind BTC's proof of work is great, but haven't the last bull runs shown what the effect is? the mining power becomes centralized and the fees become astronomical.
My only gripe with Nano is with the incentives (the fee-less nature)..i.e. why should I run a node? Having said that the internet is thriving on free-based services through advertising, so maybe that's one potential avenue for running a node? Curious to hear someone experienced with Nano answer this for me.
- zepolen 6y ago> why should I run a node? You personally, perhaps none. But, there are plenty of businesses today (Exchanges, Payment gateways, Casinos) that run nodes because they make a lot more from the profits Nano brings their business than the relatively minor cost of running a node. None of these businesses would trust a 3rd party to tell them the network state. As cryptocurrency adoption rises and more business start adding it as a payment option (eg. online shops) it's not hard to imagine the larger ones, eg. Amazon, would run a node rather than pay 1% fee to a payment gateway service. It's also important to note that Bitcoin also does not provide financial incentives for running full nodes (miners != nodes) and in both Nano and Bitcoin's case, there are plenty of nodes on the network.
- aww_dang 6y agoI run a browser based hack and slash RPG https://playerkillers.exchange https://playerkillers.exchange with optional NANO rewards. I prefer to frame the issue differently. Feeless, not free. Why should I pay 3rd parties to send my own crypto to my users, from my own node? I'm already paying the hosting. It isn't free. I've invested in the server. Fees make microtransactions impossible. Running a node gives me direct access to the Nano network.