Nano Price Drop Explained

It was not a problem with the code per se. in Kucoin's case, it was them using the incorrect API method. (In all fairness, Nano API's documentation should have made things more obvious. That point was recognized by them, but I didn't check if they updated it already).
Bitgrail's case was completely different, and double withdraws happened with BTC and ETH as well. It was poor coding on the site, and had absolutely nothing to do with any of the coins whatsoever.

Some sources:
reddit.com/r/nanocurrency/comments/7wvfkx/a_perspective_from_the_creator_of_nanex_there_is/
reddit.com/r/nanotrade/comments/7ws54q/doublesending_vulnerabilities_on_bgkc/

dude.. welcome to the story of my life.

Cus it’s fucking VAPOR WARE!!!

>Makes me think they never really had any conviction behind their shilling.
>shilling
>conviction
Well there's your problem right there. These aren't the same thing. Shilling is mindless with no heart. Conviction means you really believe in the projects and will sink with your bags into a watery grave if it comes down to it. Note most LINK holders on this board who actually take time to talk about it truly believe they're holding a golden ticket, however right or wrong they might be, they believe it. There are certainly shills in the mix as there are with any investment, but the ones who believe in the project and wont sell come hell or high water cannot be called shills.

How does double withdrawal happen with blockchain technology? isn't that the same as a double spend? Or was their shitty program entering it as two separate transactions somehow?

that pic jesus my sides

Will people really be willing to sacrifice security for $.1 per transaction that plenty of other chains will have in the future?

Bitcoin currently has cheaper fees than that

Double withdraws are completely different from double spends. Did you read the links?
A double spend would increase the supply of the coin by making the receiving side receive the coins twice, while the sending side only sent it once. A double withdraw is something on the exchange implementation side, where the send transaction happens two times instead of one, meaning that the money is sent from the exchange wallet twice to a person (so the supply stays the same, and the exchange loses money).
A double spend would be a critical failure in the coin, and that has never happened with Nano.

Yeah that's basically what I was asking, and your answer is what I assumed, thanks.

No problem. If you want more insight on the matter, read the links. Even though it's from plebbit, these are the best explanations I found regarding these issues yet.

meant for

Nice trips, you've been rewarded. I have too much on my reading plate right now. couple white papers queued up, which is why I appreciate the answer directly.

i think you forgot about how a big portion of the community was stolen from and actively fuds nano now

Lightning Network will make this even more obsolete than it is right now.

I've had a whole pile of xrb since early December and still actually like the coin. Two new devs added and beta for the new desktop wallet/node starts on friday. I am optimistic.
>BUUUUUUUUUUT.
All of their good news couldn't have come at a worse time and bad news is bad news whether anything fundemental has changed or not. I still think that once the storm clears and people forget, this coin will do well (unless LTC smashes it in the meantime).
As it stands it's a great volatility coin. Pumps here and there (3am give or take). Even as it falters, it's made me money.

>Not a single aspect of Nano changed for better or worse

Except it got fucking hacked LMAO

Take one for the team brother

I too manipulate fate using my luck as a counter but I have friends that I allow to take advantage of it

>otherwise attractive coin
lel nano is dogshit

This is FUD. There is absolutely nothing wrong with nano. It's all the exchanges fault, XRB is new tech, which takes time to implement. As soon as bittrex gets their wallet working it's gonna start mooning again!

A hacker or a person who's complete shit has access to over 10% of all tokens, why wouldn't you have already moved your money into something safer? This one's a lost cause at this point sorry guys

He must have dumped it all buy now XD

All the bad people are gone and everything is gonna be okay

All exchange related issues will be resolved and put to rest very soon.

In the xrb team we trust

I don't think I will never stop buying the dip. Just too much evidence that it's the exchanges fault. I have faith that the team will always be able to temporally fix XRB.