What went wrong?

PackManBrainlure
PackManBrainlure

What went wrong?

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TurtleCat
TurtleCat

like, a lot.

ZeroReborn
ZeroReborn

This coin is fucking bipolar, one day +20%, next day -20%. Are there any news?

AwesomeTucker
AwesomeTucker

MFW I bought at $30

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StrangeWizard
StrangeWizard

They say there is an issue in the kernel they can't fix or some shit. I don't know what the fuk a kernel is brah.

Stupidasole
Stupidasole

m-muh low fees
m-muh instant transactions

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Stark_Naked
Stark_Naked

Nothing.

Garbage Can Lid
Garbage Can Lid

Fuck, that's pretty bad then. I'm about 40% in this lol

Evil_kitten
Evil_kitten

Issue in the internal kernel transport instant capacitor to be specific.

TreeEater
TreeEater

We kept trying to tell you guys, but you kept repeating the leddit mantras. 'Fast and low fees' are just about the least important, least unique features of a crypto project.

Ignoramus
Ignoramus

Exactly this. Fees are needed. How else would you support mining industry?

Inmate
Inmate

Nothing, it's still up around 1000% from when I bought it.
If you buy a top 50 coin you're a retard.

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Emberburn
Emberburn

It's like Bitcoin Cash but without mining so in the future it will have no nodes. Who is going to run a full node when it costs a couple hundreds of dollars a month? The answer is nobody. You need miners if you want near zero transaction fees and unlimited scaling. That's why Bitcoin Cash scales and that's why Nano fails.

MPmaster
MPmaster

When will you brainlets realize that the only useful application of blockchain is smart contracts? Blockchain based currency is fucking stupid and bound to fail.

likme
likme

couple hundreds of dollars a month
NANO node cost is like $3 per month.

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GoogleCat
GoogleCat

There are apps to send money instantly barely any fee if any, why nano?

Methshot
Methshot

Why Bitcoin?

Evilember
Evilember

blockchain
traceable public transactions duh

haveahappyday
haveahappyday

So NANO is just technology that works better, without miners, is faster, feeless and scalable.
Sure. No reason for NANO to exist.

AwesomeTucker
AwesomeTucker

read
no-one cares about crypto "currencies" traditional banks work well enough unless you're a nigger from Africa

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PurpleCharger
PurpleCharger

It will always be the standard at least for 5 years, I measure my savings with in btc..don't you?

New_Cliche
New_Cliche

no smart contracts, which is the literal only use for crypto in the 21st century.
/thread

Inmate
Inmate

nano also confirms instantly which is important for in person transactions at restaurants and coffee shops... nano nodes are cheap and can be free when using desktop wallet. they are also under $3 a month which businesses wil gladly accept rather than paying a 5% merchant fee for using AMEX... whoever said it costs couple hundred $ a month to run a node is a fucking faggot dick sucker who probably gets paid in BTC while sucking old men's cocks.

Gigastrength
Gigastrength

Coffee shops accept credit cards..

Dreamworx
Dreamworx

Nodes are $3 right now. But Nano transactions are 400 bytes, Bitcoin Cash transactions are also 400 bytes. They scale in the exact same way. Nano nodes will cost hundreds per month if it gets a few hundred tx/sec.

Evil_kitten
Evil_kitten

To continue my other reply, the problem here is that mining nodes have income to pay for their node. Nano nodes have no income. See the problem? Bitcoin Cash and Nano scale at the same rate, yet Bitcoin Cash nodes pay for themselves while Nano nodes are pure cost to the operator. Which do you think will survive the costs of scaling?

massdebater
massdebater

Being this retarded
Credit cards charge businesses %3-5 and the payment can come as late as 3 months.

kizzmybutt
kizzmybutt

See these

haveahappyday
haveahappyday

wrong. nano nodes don't require storing the entire blockchain as balances are stored in the protocol

TalkBomber
TalkBomber

not everyone has to run a FULL node. theres a clear difference. you can run a node on desktop wallet which takes up 2% of your CPU. most merchants who generate thousands of $ in revenue can survive the cost of running a $3 node. in hindsight, yes you cant expect every nano user to run a full node its statistically impossible. does that mean the network will die? no it doesnt. look at torrent sites like piratebay. they are still running for over 10 years with thousands of seeders. there are 10k seeders who get paid nothnig and still support their torrents with 100k leechers. even with 10% support is more than ample to keep the network functioning. quit over exaggerating dude

BinaryMan
BinaryMan

Then you are talking about lightweight nodes. I'm talking about full nodes. Ones that store all required transaction history. Ones that ensure no coding bugs or irregularities occur within the block lattice.

Nojokur
Nojokur

Everything, unironically.

Nude_Bikergirl
Nude_Bikergirl

nano isn't bitcoin. the protocol is entirely different. read the whitepaper, "current nodes" participate in consensus (i dont think it's been released yet though)
. Historical nodes aren't required to process transactions

SomethingNew
SomethingNew

The costs on your CPU will rise with transaction volume, but the problem here is that an attacker just has to run many spam transactions in order to increase the strain on full nodes. I don't have the source, but it took some guy 8 hours to do 30,000 transactions on a GTX 1070. Imagine a GPU farm with a thousand of those just overloading the Nano nodes. I don't know the math for this, and I don't know the best vector for attack, but Nano is a new model and having no incentive to run a full node seems to indicate the cost will be low for an attacker to gain control of a majority of nodes and cause harm to the network.

askme
askme

Yea, I never understood the cup of coffee thing. I buy coffee all the time with my credit card and get a receipt in 2 seconds. Why the fuck would i care if the transaction is on a public blockchain? Why would i want to go waste my time purchasing crypto with fiat and then buying fucking coffee. GTFO with that dumb shit. We're all here to make money and nothing else. Nobody uses crypto

Techpill
Techpill

Historical nodes aren't required to process transactions
If by this you mean some transactions aren't recorded then if an attacker finds a vulnerability he can spam the network with transactions and then use his vulnerability to steal funds in a transaction that never gets recorded. In other words, if you don't have at least one node running at all times that records all transactions your network is not secure.

BunnyJinx
BunnyJinx

balances are secured in the protocol. even if a few historical nodes are required that's a 99.9% savings efficiency

Harmless_Venom
Harmless_Venom

yeah, an attacker has to spend massive amounts of GPU power for what is easily processed by the network.
and once the attack is over, no harm is done.

but the devs are working on more filtering solutions for that sort of thing.

Sharpcharm
Sharpcharm

Fucking stop this garbage shilling!!!!

RumChicken
RumChicken

This is called SPV. Bitcoin Cash has the same thing. Again, I'm not worried about light nodes. I'm worried about Nano's historical nodes being run by attackers. Then they can hide attacks and get away with theft if they find a vulnerability.

w8t4u
w8t4u

Nano is as bad as IOTA. No devs or entity/company would create a coin that would be totally free of fees or things similar

They have to fucking eat too, so something like Nano is a bait & switch, where if lots of users were to get on board, layers would be added with a fee structure.

Holy fuck you guys are retarded thinking Nano is great because its f-f-f-f-free. Dumbasses.

SniperGod
SniperGod

bcrash has the same problem except instead of only having to pay for a few nodes for that sort of thing, you have to pay 1000s of nodes.
bcrash is literally the worst coin on the market now. it's bitcoin without any attempt of solving its problems
you're only paying miners for consensus. there are dozens of proof of stake coins other than nano

JunkTop
JunkTop

Here's the easy synopsis:

kernel out-capacitator generator being restored to uncompromised levels of the problematic algorithm queries first chanced upon then rectified and still in external thrust outlayers.

it's bad

Harmless_Venom
Harmless_Venom

sounds like someones a little salty nocoiner faggot.. iota and nano arent bad. they aren't perfect either but overtime they will become better and better with R&D. your a fucking retard if you think technology can just come in a year and be 100% perfect and working. it took Amazon 20+ years, it took Apple 20+ years, it took Microsoft 20+ years. iota and nano will be the future Fortune 500 and i dont even own any iota so GTFO dude

takes2long
takes2long

They make more money by saving money. Because it is feeless.

Emberburn
Emberburn

Oh got thank god I sold.

JunkTop
JunkTop

Thats exactly why cyptos are decentralized. It's impossible unless you have majority of network votes.

girlDog
girlDog

FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD FUD

SomethingNew
SomethingNew

It's good to see some FUD posts again.

Lord_Tryzalot
Lord_Tryzalot

conveniently avoiding mentioning the huge Sybil attack surface vector.

FastChef
FastChef

Devs are working on curated list of valid representatives.

Burnblaze
Burnblaze

Devs are working on curated list of valid representatives.

Which is not a solution since it means the currency is not decentralised. And if devs are actively working on this, it means they haven't found an actual decentralised solution.

So this currency is pretty much trash tier and dead from start. Everyone is just conveniently avoiding this topic, it's like elephant in the room.

Raving_Cute
Raving_Cute

what's the problem?
won't the network get more decentralized over time?
over time representative picks will become more sparse

massdebater
massdebater

this guy

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Techpill
Techpill

Does is mean that there is centralized vector of attack? No.
The network will only get more decentralized over time.

BinaryMan
BinaryMan

You were born

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Inmate
Inmate

HOLY FUCK

My kernels are fucking leaking???
No fucking wonder why my wallet keeps getting smaller

Emberburn
Emberburn

I'm glad biz is back to fuding my biggest hold, I was getting worried here for a while
always do the opposite etc.

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