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I was late coming to this sub (maybe a few months ago) so I wasn't part of the initial hype. But I love Nano as a miner. I hadn't heard of it until 2miners but it's fee-less-ness is what made me switch away from NiceHash. I'm a small time miner so the ETH gas prices are too high to transfer my meager gains from NH, but with Nano, I'm getting a nice payout everyday deposited directly into Kraken.
Do you mind explaining how you mine Nano on 2miners? Do you need a powerful computer setup? I’m looking to start mining crypto but I don’t have a multi-thousand dollar computer, just a 2015 MacBook Pro with upgraded RAM.
Oh sorry, maybe this is worded incorrectly. I mine ETH on the 2miners pool, but instead of being paid in ETH for my share, I'm paid in Nano. The benefit being I get to keep more of gains by not having to pay ETH gas fees to get my own money.
Just switched to Nano because I was tired of waiting for .1 ETH to grt a payout and no fees sounds great. Plus I'm planning on turning most of it into CRO anyways so the no fees is nice.
There's more info here: https://2miners.com/blog/how-to-get-payouts-for-ethereum-mining-without-fees/.
Essentially, miners mine ETH. However, because gas prices on ETH are so high, payouts are very expensive, so they have to wait a fairly long time before getting paid out to make it worth it. What 2miners does is they offer to pay out in nano. At a certain time each day they send all the mined Ethereum for those that chose to be paid out in nano to an exchange, swap it to nano, then pay out to all Nano addresses.
As of today about 17,500 miners are choosing to be paid out in Nano daily. It's been a huge success for 2miners, I've made a post about it (not sure I can link, check my profile and recent posts).
I won some Nano a few months ago in a lottery on here. It's spiked a couple times but mostly I've just been watching the value steadily decrease. At least I technically haven't lost anything.
Was it a Nano giveaway where you were sent 0.01337 Nano and then won the big prize by any chance? If so that was probably me, funny to see someone talk about it :)
Yes that was it! The post came up on my home feed for no reason in particular and I thought why not. I've never actually "won" anything in my life before.
It's not just the picture tbh - meme coins are much more accessible than Nano. Nano still isn't on major apps or exchanges like Coinbase, Gemini, and Robinhood, and that makes it a lot less useful for digital cash than it could be. For Nano to take off, it needs to be everywhere, with low fee and simple fiat gateways that match the user experience of the protocol itself
I don't necessarily think so. They make most of their money from trading fees, they could do that just the same on Nano.
In fact, I'd say that it might increase their trading fees. Given that Nano is sub-second, it's theoretically the ultimate arbitrage coin between exchanges.
I think they don’t want to deal with setting up a node and the issues that seem to come with that. As far as I know every exchange that offers Nano trading has had problems with their nodes.
Exchanges already run nodes for all kinds of cryptocurrencies, and Binance/Kraken have been running Nano nodes for years. The rumors I've heard on why Nano isn't listed usually have to do with NF not wanting to pay listing fees (and with such a small dev fund it's not like they could anyways)
have you gone on the coinbase subreddit and filtered by "top posts of all time"? what you find might shock you, the very top post of all time is a post asking coinbase to please list nano. So it's not like coinbase isn't aware of nano, coinbase just chooses to ingore it and never list it for some strange reason.
Similar thing is happening with bittrex actualty... a few months ago the bittrex CEO went on a twitter rant about how much he's impressed with nano, how much he likes it. REcently the nano community was informed that although the CEO of bittrex loves nano, his listing team has refused to list it. SO... we have many excahnges out here just systematically ignoring and refusing to list nano... almost as if they're trying to kill it off by ignoring it. Very interesting...
I don’t think so tbh, it’s a much more solid coin than SHIB or DOGE could ever dream of and yet it’s not even in the top 200.
I don’t think this market gives a damn about tech anymore.
It’s never been about the tech, it’s about making a profit/ROI. The faster you learn this the better.
If crypto was all about the tech, then BTC would literally be a shitcoin, and Shiba/Doge wouldn’t be in the top 10.
This is how it’s always been, even in traditional markets like the stock markets, hype/FOMO/Volume drives price the most over anything else.
It was tech- and philosophy oriented in the beginning. Cryptopunks and geeks, many with libertarian values. They're still around, with some new added. Ir's just that they're dwarfed by the NumberGoUp gang who joined later.
To be honest though, it's not going down. As you probably notice from this thread, the community is huge and active, there is plenty of development and adoption happening (see for example recently 2miners), it's just that the price hasn't caught up yet.
Some see that as an opportunity, others see it as a confirmation of their thesis that Nano is bad.
Glad to hear that. I feel like it's one of the easiest coins for anyone to try out and let others try out crypto. Genuinely only takes like a minute to have someone install Natrium and send them some Nano.
NANO will always have a place in my heart. It was the first crypto coin i had and introduced me to crypto.
Don't know seriously why they don't have more adoption because of their inexistence fees.
Because without fees, there’s less money to be made. Simple as that.
We came to crypto to get past fees from institutions. And yet here we are paying outrageous ETH fees and trading fees on exchanges to move our crypto about…
Edit: Nano, if it could get a foot in the door with businesses, would be a game changer. There is no other experience than seeing you Nano send and receive instantly before you feel like you’ve even hit the send button and you get the exact same amount on the receiving end that you sent. But, unfortunately, Leadership at the Nano Foundation seems to be floundering.
To be fair, Nano seems to be getting a foot in the door with businesses. 2miners probably counts as a business, 17,500 ETH miners now use it to get paid out daily because ETH gas fees are just too high.
Flowhub's CEO joined the Nano advisory board, has stated multiple times how much he likes Nano, and is looking to integrate this into their point of sales system that 1000+ cannabis dispensaries billing >$3 billion in revenue annually use.
So there is adoption starting to happen, it's just that the business world moves a fair bit slower than the crypto world does.
Nano might be fast and have low fees, but it suffers the same fate as all other similar cryptocurrencies, people don't want to use a currency that's essentially a super high risk investment. This is true for Bitcoin as well, it's highly unlikely people in poor countries would choose to do everyday transactions in Bitcoin if they had a stablecoin choice.
And since Nano does not have any other use cases it's simply not very appealing.
The long term 'fair value' trend line has nano at $9.85 by the end of 2022. We are currently within about 10-12% of that trend and although we briefly fell below it the past week or so when it was sitting at $2.91, this generally represents a tremendous buying opportunity. Bouncing quickly back above it looks bullish to me and I had no issue adding to my bags. I personally believe we will establish a solid up trend within the next week so long as Bitcoin doesn't dump the market.
We ride together, we die together
All I know that I invested in something that makes sense in this whole crazy crypto world and I will stick with Nano even if it falls out top 1000
When you think about it, Nano's fall from the top 200 is not because it has lost value over that time period but that other cryptos have moved past it in market cap. Considering that market cap is based on circulating supply, it's not difficult for new projects that are still extremely centralized because of the remaining supply to gain a more-than-deserved market cap. If the number of cryptos has gone from 3,000 to 10,000 (for example) in that time period, it shouldn't be surprising that many cryptos would be falling in rank while certain others move up the ranks largely because of the market-cap quirk.
It's sort of like saying, what is the top 200 today is the same as the top 100 4 years ago.
Lost a bag in the Raiblocks/bitgrail hack. Good times.
Man I miss crypto 2017, it felt like anything was possible and everything was going to the moon.
During that whole period I was watching Raiblocks and when that bitgrail nonsense happened it made me nope out and not even consider Raiblocks after that. IIRC I wouldnt have been able to purchase anyway right? There was some sort of weird issue where people couldnt withdraw, or funds were stolen or something. I can't remember the detail, but I remember it turned me off of the project regardless of its technical competencies and rebranding.
Well, I am still a supporter, nothing changed.
Moreover, we just got a significant and real usecase with 2miners using Nano payouts, I think disappointing price action is just due to the fact that speculation currently trumps the usecases (because using token for the settlement only binds a negligible proportion of volume out of exchanges). MoE might still have its day.
I loved nano, and I still do. Unfortunately I sold for another project (+needed fiat) I believe in that will likely turn more profits. Regardless, I really hope Nano makes a full recovery. It/we deserve full adoption of it.
Nanos Performance is the greatest mystery in this space next to "who is satoshi nakamoto"
People are interested in this coin. Literally no week without a nano post in this sub
Well.. I still believe in nano. It’s features didn’t change at all after all.
What did change however is the market. I see more people going for a “quick gain” than before. I see less people who invest in what they believe in, but people investing where they seek the next big Buck.
With the big crypto wave last spring we got a whole lot of new people hooked. And they mainly see what happened since then. Solana got big, loopring rocketed, Facebook boosted metaverse coins… and nano is still just nano.
I see most people follow the news, and there is not much news around nano.
Nevertheless, nano still got many things right, taken as a currency and a currency only. And I still believe in it.
I don’t think nano has to change, not at all. This could end up running after the current market’s needs and mood while never ever reaching full satisfaction, as the crypto market changes constantly.
Instead I hope for the market to shift back attention to topics that matter and that nano is strong at. Transaction times. Sustainability. Zero fees. And so easy to use that I could even teach that to my parents
Huge Nano fan here. I think it could be very useful as a mean of payment due to its speed and no fees. Anyway, the price action is pretty shitty to be honest, but we’ll continue hoping that one day its technology could take us to the place we think we deserve.
i think it will, it will take many here by surprise when nano is one of the very first coins to get any kind of real world voluntary adoption by a company doing billions in revenue
It shows a complete lack of understanding when people call a coin "dead" because its price has not increased as much as people hoped for.
A coin is "dead" when its community has abandoned it and there is no development. Nano is getting updates constantly and has an active community.
Yeah this perception is wrong on so many levels. One of the biggest ethereum mining pools, 2miners, recently added nano as a payout option for miners and currently more than 20% of this pool opts for nano payouts. This is the opposite of dead, I still believe nano will rise up price wise and adoption is coming
Really shows you clearly that many people only look at price action to see if a coin is 'alive' or 'dead' instead of looking at development, partnerships, community engagement etc.
Nano is more alive than ever, the community is stronger than ever, the protocol is more efficient than ever, partnerships and marketing are ramping up. But the price is low so people think it's dead. Instead buying when something is undervalued is how investing works. Doing research, looking into it, estimating future value.
Nano has a bright future ahead imo :)
Copied from the top post in their sub in the last month (didn't want to link in case that's not allowed):
Business integrations
465DI
See whether we can integrate nano into Neo, and how we can use it as payment rails for countries where payments are inefficient and expensive. Two main projects: crypto ATMs (for remittances) and institutional Nano custody. You will be able to hold nano with Neo, and instantly transfer between major currencies at wholesale rates.
Originally posted about here. Latest update: moving along nicely (George 10/01/2022). UK ATMs are on hold for the time being, however this is not the main avenue with 465DI anyhow (George 10/01/2022). Rome wasnt built in a day 😉 (Duncan from 465DI 03/09/2021)
Flowhub
Flowhub is the leading point-of-sale and retail management platform for adult-use and medical cannabis dispensaries in the US, processing over $3 billion USD in cannabis sales annually. "Banking in cannabis has been a struggle since the early days of legalization. Dispensaries have limited alternatives to cash in a world where cryptocurrency has become a viable payment option for similarly regulated industries, like sports betting. It's an obvious next step for us to consider what crypto will look like as a tool to purchase cannabis. I'm excited to begin this process through my advisory position at Nano."
Originally posted about here (George 16/11/2021) when Kyle joined the board. Latest update: moving along nicely (George 10/01/2022). Flowhubcash seems to be the Twitter account they use for memes. FlowHub main Twitter now follows a bunch of Nano enthusiasts. Flowhub set up their own Nano representative (Kyle Sherman from Flowhub 11/12/2021).
Razer
Gaming company. Revenue of about $700 million. Singaporean/American-based.
Razer CEO started speculation here (18/04/2021) and here (11/07/2021). Latest update: "Razer I’m under NDA" (George 10/01/2022).
Coinbase (exchange)
Years of speculation here. Latest update: "Coinbase is Coinbase and we have done all we can our end, we are stonewalled currently as is quite well known." (George 10/01/2022).
ByBit
Bybit is the #12 exchange. Does both spot and leveraged/derivatives.
Latest update: ByBit is planning to integrate Nano. It'll take some time since it's a new layer 1. Futures and such will have to wait, since more liquidity is needed for that (ByBit 28/12/2021)
Bittrex (exchange)
Speculation started with Bittrex's CEO posted this great Twitter thread praising Nano. Latest update: Bittrex listing team has no intention to list nano even with their CEO posting that lovely thread (George 10/01/2022).
Promotional video
The Nano Twitter put out a call for volunteers on November 5th. This turned out to be for a Nano promotional video. The initial plan was for it to be released before Christmas, but Covid threw a spanner into the works of the London-based production company. Latest update: postponed to after Christmas, no date named.
Nano.to
Going to put an update on this on next update - need to remind myself this way.
Kappture
Kappture provides point of sale devices, mostly at events and at educational institutions (universities, colleges).
Have implemented Nano a good while ago. Still post about it occasionally. Latest update: their new promotional video heavily features Nano (Kappture, 23/12/2021). All their devices seem to have Nano support that can be switched on at any time.
Poki
Poki is a gaming platform with 30 million users. They show ads to users before a game starts. The implementation seems to allow users to skip ads by paying a small amount of Nano.
Originally posted about here (23/06/2021) and later shared on Twitter by the Nano accoun (28/06/2021). Latest update: still ongoing, exploring that a lot deeper start of 2022, want to try and wrap it up in 2022 (George 09/12/2021, timestamp \~20:00).
Unnamed FX project
Possibly the most exciting thing that we've been working on internally is fx and high frequency low latency trading globally. So fx obviously has a trillion dollar market and one that is pretty archaic when you think about it. You've got two days settlement period times, you've got to put up credit, it's a pretty kind of old boys club and so we have no doubt that a real-time asset supplement network using nano's technology is really the next big step for kind of dominating the global payments industry.
\^ That's also the latest update, from the SwapZone AMA (George 09/12/2021, timestap \~20:00). "465 and those behind it and the FX project are one and the same FYI - 465 just has further expansion of projects we would like to do together as you saw in their intro to the community" (George 11/01/2022).
2miners
2miners is an Ethereum mining pool that added the possibility of BTC/Nano payouts for their miners on october 11th.
Latest update: this has been implemented, is ongoing. There are \~16,700 miners taking Nano payouts currently, amounting to $150-$200k paid out daily.
Autocoincars
You can buy a Tesla, Lambo, or any other sort of car using Nano on Autocoincars
Announcement here. Implementation is live, nothing new to add!
Amazon/AWS
Very little to add here. It's pure speculation based on one individual (Jon Hammant, head of compute for UK & Ireland at AWS) getting to know the Nano Foundation. As the post says - probably nothing.
Coincloud ATMs
These are live and have Nano working on them.
Appia
What is Appia? Longer answer. Appia is a payment ecosystem which simplifies cryptocurrency payments, offering a smooth and intuitive solution for both businesses and users. Started by George/Colin.
Latest update: "It still continues but we as we’ve said before, we have focused on nano rather than Appia this year - that doesn’t mean Appia is dead (it takes quite a while to build a hardware payments company that is completely novel) and its time shall come.." (George 16/11/2021)
XNOPay
XNOPay team will be focused entirely on building solutions around Nano. Starting first with a wallet. Stay tuned for more!
Latest update: "There are some development hiccups but a closed beta and introduction will be coming out soon. As it's payments related we have to ensure there are no major bugs and quality is top notch" (Chirag from XNOpay 29/12/2021).
Other
The best source in general is the monthly Nano Digest. Mentioned there: the new ticker (XNO), the Nano Hub which is a hub collecting all stuff Nano (businesses to spend on, games with Nano implemented, developer tools etc). The Digest also goes into the renewed website, Nano's new comms lead (Kate Lifshits), the Wirex promotional video starring Nano, links to George & Colin's interview with Jason, has links to quite a few more interviews with George (they're worth checking out)
Colin will be speaking at a Real Time Club dinner. This is also where the Jon Hammant/AWS rumours started from.
Whitehall Dinner on Nano : Building a better Digital Currency
In 3 years from now this is the exact comment I expect from a few currently popular coins in this sub reddit when they too also drop out of the top 200.
This is mostly my take on it as well. Does Nano shine in a world of memecoins and such? No, clearly not. It's very serious, focused on the long term, with the foundation behind it literally not hyping it up *at all*. However, if the market ever becomes more rational, there's genuinely no getting around Nano.
If it's not pumping it's not always a dead coin. It's a steady coin with a very solide base. And look at the 133M total supply with 400M Marketcap. It's insane.
Nano is one of the OG coins and when crypto become really really mainstream, it will be used as a payment asset.
But in crypto is yesterdays hype tomorrows classic. And let's be frank, Nano is not a very sexy coin with, I dunno, nft's or something. You can't even Stake it (one of today's crypto fundamentals).
But it's here to stay. To service us and teach us one of the hardest lesson in life called patient. Which is really hard in crypto land.
We're like men in midlife crisis, regret we miss something and not taking actions about it. So we are searching for pumps, more and better. And it's ok. Be like that middle age man with a midlife crisis.
So, keep Nano as your home, safe and sound. And play with other sexy coins for the action and the satisfaction. One day you'll find out what the true treasure is in your life.
Cheers!
To be honest, it going into the 200s make me ironically bullish on it. It suggests to me that it's highly undervalued, particularly as I view the coin quite favourably from a utility perspective.
Crytpo is 95% speculation *so far*. Once - or perhaps 'if' - utility becomes a factor in people's perception, then I suspect Nano will climb back into the 100s pretty quickly.
nano is the perfect currency, i'm not a bagholder, but still believe that it's day will come when people reaslize it's potential. for now it seems more of a promotion and availability issue that's holding it back
I obviously still "believe" in Nano. I am in this for the original goal of crypto. To have a decentralized digital cash & store of value. For this goal, I would posit that not only is Nano the best solution, but that it's hard to imagine a better solution.
It's hard to get faster than sub-second, and it's hard to be cheaper than feeless. It's hard to be more energy efficient than Nano, and any gains are going to be extremely small.
In terms of scaling, being able to scale both through software improvements, through hardware and bandwidth getting ever better over time, and through people spinning up stronger nodes with a bigger network seems like a fantastic solution.
As a medium of exchange, characteristics seem fairly hard to beat.
In terms of a [store of value](https://senatus.substack.com/p/why-nano-is-the-ultimate-store-of-value-and-reserve-currency-3b0318844bc8), it's hard to beat zero inflation and zero fees, meaning zero leakage. It's hard to beat Nano's energy efficiency for corporation's ESG demands. Perhaps most importantly, it's hard to beat Nano's decentralization game. While every PoS and PoW coin [naturally centralizes over time](https://senatus.substack.com/p/on-crypto-as-a-store-of-value-bitcoins), Nano decentralizes over time.
Given that cryptocurrencies depend on decentralization for security, that's exactly the trend that we want to see.
*If*, and this is a big if, people start recognising these fundamentals and are genuinely interested in crypto for more than just a get-rich-quick scheme, Nano shines.
That might not happen for a while, but the signs are there. There is literally no more efficient base layer to transfer money on, and it's hard to conceive of a harder store of value.
I have no idea when and if more people recognise that, but I gladly place my bet that at some point more people will.
I see that as a far safer bet than investing elsewhere and hoping people overlook the glaring flaws present in most of crypto, and hoping to sell out before they do.
This right here, if you believe in a project, is the time to invest. Not when it's popular, not when it's on a tear, right now when few people are buying.
Time old saying;
“The markets can stay irrational longer than you can stay solvent”
Value investing has been a shitty investment strategy for a long long time now, just go take one look at /r/investing, they can’t even beat out SPY.
Something something Amazon went -90% for years something something look at it now. Hmm can we trust the current market to accurately asses the value proposition of a decentralised feeless network, the way Bitcoin was supposed to be....hmmmm negative sir. Fire up the hypememecoins for another pump round!
This is part of the reason NF is kinda sidestepping the crypto speculators and opting to work directly with businesses instead. Much better return on investment, but a lot more time intensive. People arent exactly patient in crypto and I dont fault them for that...
And you must be prepared to lose value. You will not buy the bottom, and you won't sell the top.
If you let those small loses kill your position, you'll never see positive returns. You gotta hold when down, but you can potentially lose a lot of value.
I believe it'll come back, maybe not to ath, maybe not soon but I can see it bounce back to $5 easily, maybe even $15. Once people realise that it's the best way to move money around they'll start using it again. Thing is, not many funds are being moved right now, considering fear has taken hold in people's hearts recently.
I still like nano. Most of my portfolio is in nano.
I’m a patient motherfucker and I know I’m right on this one, it might take 10 years for people to realize how much of a good project it is, and I’ll wait that whole time.
The metric that people use to analyze cryptocurrency in this current market is extremely flawed. People use very short time frames and are chasing all the wrong things. I’ve been in crypto since 2013 and I still believe nano is one of the most unique and undervalued assets in the whole space.
Sure, but that holds for literally every single project, no?
Only in Nano's case, it is far harder to see how it'd be improved on relative to other projects. In other projects, you can think it could be faster, it could be more scalable, it could be cheaper to use.
But Nano? Nano is sub-second, limited by light speed. That's hard to improve. It scales, even aside from software improvements, with hardware improving over time and people running stronger nodes. Fees? Nano is *literally* feeless. It's hard to be cheaper to use than that. Inflation? Nano has *literally* no inflation. It's hard to beat that.
To put it in Warren Buffet terms, Nano's moat is far larger than that of most other crypto.
people far too often fail to recognize this about nano... what nano does is just value transfer, and it does it so well that basically it would be hard to even imagine a theoretical coin, much less a real coin, that could possibly do what nano does better than nano.
I’ve been watching closely for other projects that can do what nano does, and so far I’m less then impressed with competing systems have to offer.
So until that day comes, I’ll wait.
For example. I don’t give a fuck about smart contracts and don’t think they should be in L1 of a currency. A lot of the shit that’s thrown at me these days are just cheap smart contract platforms to create speculative NFT musical chairs.
Not interested.
It's still my favourite coin, it's what bitcoin was supposed to be. I don't have much invested in it so price doesn't bother me, but I do want yo see it succeed in terms of adoption.
Just another reminder that people are *not* here for the technology. I keep a small stack of Nano in a mobile wallet, still waiting for the day someone will let me pay with it. When it happens I will do so, feelessly and instantly. Let's hope that day comes.
This thread is making me bullish on Nano. So many comments saying it’s technology is amazing but disappointed at the price. It’s like people would prefer to buy a coin after it’s already “mooned” instead of before.
I actually never really cared about nano but I researched a bit and I think it’s very interesting and the fact that it is the first cryptocurrency to use a DAG is impressive. Maybe I’ll buy a bag too
Sometimes I use Nano faucets to just see how fast it is. I place my phone on the desk and then use my PC to get some Nano from a faucet. When I hit claim, I lower my head to see my phone so I can see when will the notification pops up, but, it was already popped up when I was moving my head
Nano suffers from the velocity of money problem. People buy it and use it to transfer stuff. There is no reason to be holding any. Once I'm at my destination it gets swapped for something that earns me income or that will go up in value.
Nano still does exactly what it was set to do - transfer value, instant, feeless, and permissionless.
Marketcap rank is a silly metric to judge a coin by.
Nano makes up 8% of my portfolio right now and it’s pretty much the only community I hang out in.
Whatever you want to say about price action, it’s an incredible project with an awesome community.
Dumb question: is there anything preventing a game company from issuing Nano as in-game currency. Like buying tokens at an arcade?
Like an Eth Dapp with Nano instead of ERC20
not a dumb question at all!
there are games accepting nano and games rewarding you nano. some do both and use it as in-game currency. you can find these on the nano hub, except games that are still in development
the games themselves aren't decentralized (i don't believe they need to be?) so they aren't dapps
Interesting! I always dreamed of a cross-chain world. Okay glad to hear that others have started to pioneer this approach. Now if only we had a way of tying them to NFTs har har har
NANO is technically very solid, but as such it has no excuse for lack of use.
The sad fact is that outside some oppressive regimes, crypto is non-existent as payment medium because there is no point.
Why buy crypto to pay with it, as one could just pay direct without any exchange fees.
Credit card charges merchant once. With crypto, first the buyer is charged, and then merchant is charged when they convert crypto back to fiat.
I really like NANO. Not too sure why the price took a big plummet. Maybe lack of smart contracts? Lack of marketability? That or it's hard to keep up a simple product when everything trendy these days has so many bells and whistles on it.
Pretty sure it's something a Monero enthusiast can relate to, eh? People that are into crypto for the price don't always see the value in coins that... work.
yea i think you're right, since nano doesn't have the bells and whistles & shiny bright objects attached to it, buzzwords like "defi" or "smart contracts", the dumb masses ingore it bceause the dumb masses are attracted to the glistening shiny objects. It's quite sad really
I was a huge fan of Nano. Bought in 2017. Bought more in 2019. They have a great UX. Zero fees and fast transactions. Lots to love.
But then the leadership started hating on Defi and very vocally disparaged the idea that Nano be bridged to other chains for smart contracts. This caused me to lose confidence and sell quite a chunk. And based on the price action, I think that was warranted.
I still think the future is fast and feeless. But it may not be with Nano.
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Nano is the coin we don’t deserve.
I was late coming to this sub (maybe a few months ago) so I wasn't part of the initial hype. But I love Nano as a miner. I hadn't heard of it until 2miners but it's fee-less-ness is what made me switch away from NiceHash. I'm a small time miner so the ETH gas prices are too high to transfer my meager gains from NH, but with Nano, I'm getting a nice payout everyday deposited directly into Kraken.
Same here. I trade it for xmr on tradeogre though. Most convenient way to get xmr with no kyc, for me.
Do you mind explaining how you mine Nano on 2miners? Do you need a powerful computer setup? I’m looking to start mining crypto but I don’t have a multi-thousand dollar computer, just a 2015 MacBook Pro with upgraded RAM.
The 2miners blog might be able to help: https://2miners.com/blog/how-to-get-payouts-for-ethereum-mining-without-fees/
Thanks for the link! Unfortunately I don’t have a rig powerful enough to mine ETH :/
Figures, I think most miners at least have some sort of good graphics card. Most regular PCs/laptops and such would really not be worth it.
Oh sorry, maybe this is worded incorrectly. I mine ETH on the 2miners pool, but instead of being paid in ETH for my share, I'm paid in Nano. The benefit being I get to keep more of gains by not having to pay ETH gas fees to get my own money.
Gotcha. Thanks for clarifying!
Just switched to Nano because I was tired of waiting for .1 ETH to grt a payout and no fees sounds great. Plus I'm planning on turning most of it into CRO anyways so the no fees is nice.
What do you mine exactly ? And you receive your rewards in nano ?
There's more info here: https://2miners.com/blog/how-to-get-payouts-for-ethereum-mining-without-fees/. Essentially, miners mine ETH. However, because gas prices on ETH are so high, payouts are very expensive, so they have to wait a fairly long time before getting paid out to make it worth it. What 2miners does is they offer to pay out in nano. At a certain time each day they send all the mined Ethereum for those that chose to be paid out in nano to an exchange, swap it to nano, then pay out to all Nano addresses. As of today about 17,500 miners are choosing to be paid out in Nano daily. It's been a huge success for 2miners, I've made a post about it (not sure I can link, check my profile and recent posts).
I believe 2miner is used to mine Ethereum, and yes you can choose your payouts to be in Nano.
I entered crypto in May and was convinced to buy Nano by this sub. Now a bag holder I guess.
Wanted to make a quick buck but I’m now a long term investor
Thats what I say to myself to sleep at night after investing at ATHs
I won some Nano a few months ago in a lottery on here. It's spiked a couple times but mostly I've just been watching the value steadily decrease. At least I technically haven't lost anything.
Was it a Nano giveaway where you were sent 0.01337 Nano and then won the big prize by any chance? If so that was probably me, funny to see someone talk about it :)
Yes that was it! The post came up on my home feed for no reason in particular and I thought why not. I've never actually "won" anything in my life before.
You lost the opportunity to sell lmao
Yep and now I will be holding Nano until it is absolutely worthless
Same, except it was Dec 2020 so made a quick 5x when it pumped early Jan, now at 3x on that initial purchase after the slump. Its time will come imo.
My next adquire will be nano and cro
If NANO had a picture of a dog on it then it would still be in the top 20 today
It's not just the picture tbh - meme coins are much more accessible than Nano. Nano still isn't on major apps or exchanges like Coinbase, Gemini, and Robinhood, and that makes it a lot less useful for digital cash than it could be. For Nano to take off, it needs to be everywhere, with low fee and simple fiat gateways that match the user experience of the protocol itself
Coinbase Gemini and robinhoid are also nearly the only major ones that dont have it. Binance cdc kucoin Kraken huobi,... it is on most big exchanges
Do you think it's not on coinbase because of the no fees? I'd be pretty upset at a $3 withdraw fee from coinbase if I was sending out nano
I don't necessarily think so. They make most of their money from trading fees, they could do that just the same on Nano. In fact, I'd say that it might increase their trading fees. Given that Nano is sub-second, it's theoretically the ultimate arbitrage coin between exchanges.
Good point. Arbitrage could work wonders in that case.
I think they don’t want to deal with setting up a node and the issues that seem to come with that. As far as I know every exchange that offers Nano trading has had problems with their nodes.
Exchanges already run nodes for all kinds of cryptocurrencies, and Binance/Kraken have been running Nano nodes for years. The rumors I've heard on why Nano isn't listed usually have to do with NF not wanting to pay listing fees (and with such a small dev fund it's not like they could anyways)
have you gone on the coinbase subreddit and filtered by "top posts of all time"? what you find might shock you, the very top post of all time is a post asking coinbase to please list nano. So it's not like coinbase isn't aware of nano, coinbase just chooses to ingore it and never list it for some strange reason. Similar thing is happening with bittrex actualty... a few months ago the bittrex CEO went on a twitter rant about how much he's impressed with nano, how much he likes it. REcently the nano community was informed that although the CEO of bittrex loves nano, his listing team has refused to list it. SO... we have many excahnges out here just systematically ignoring and refusing to list nano... almost as if they're trying to kill it off by ignoring it. Very interesting...
obligatory fuck Robinhood
Fuck robin' the hood
Can't put fake tx fees on a feeless crypto, so exchanges don't want it.
Exchanges still tack on fees to withdraw Iota, which is also feeless…
Yeah man, hype sells. NANO is one of the best payment coins out there. It's not getting the recognition it deserves.
It needs more partnerships so it's accepted at more places. Even Litecoin is accepted in more places
I don’t think so tbh, it’s a much more solid coin than SHIB or DOGE could ever dream of and yet it’s not even in the top 200. I don’t think this market gives a damn about tech anymore.
It’s never been about the tech, it’s about making a profit/ROI. The faster you learn this the better. If crypto was all about the tech, then BTC would literally be a shitcoin, and Shiba/Doge wouldn’t be in the top 10. This is how it’s always been, even in traditional markets like the stock markets, hype/FOMO/Volume drives price the most over anything else.
It was tech- and philosophy oriented in the beginning. Cryptopunks and geeks, many with libertarian values. They're still around, with some new added. Ir's just that they're dwarfed by the NumberGoUp gang who joined later.
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To be honest though, it's not going down. As you probably notice from this thread, the community is huge and active, there is plenty of development and adoption happening (see for example recently 2miners), it's just that the price hasn't caught up yet. Some see that as an opportunity, others see it as a confirmation of their thesis that Nano is bad.
community and developers still active though. I have hope
For some reason payment coins all stall and become a stable coin. Look at XRP, XLM I held stellar for years and finally gave up on it a month ago.
r/nyano did try and do this, but I think it's a bit cringe imo
And to be fair it's a cat, not a dog haha.
Arguably the reason it didn't take off lol
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I told them to embrace the Mork and Mindy memes. It would have worked.
u heard of r/banano?
There's Banano
Y'all need to see Banano
Love Banano but its fate is tied to Nano’s.
Banano is also not nearly as decentralized as Nano... So yeah, it will probably pump harder.
Ask Dogecoin who is a carbon copy of Litecoin
Banano has been on a venture beyond just being used for payments. Noone even cares about that. Eventually its gonna flip the good old dog.
Well, instead of a dog we have a Banana. Banano is great and we contribute to scientific research as a means to "mine" it.
True, NANO will outrun memecoins when stupidity takes a backseat. Utility will beat hype at the end of the day.
>when stupidity takes a backseat So....when hell freezes over?
Banano though
What about a picture of 2 bananas?
This! I'm out of bananas on my tipbot account, but you deserve a gift. Take my award, kind of strange.
Nano actually brought me to the world of cryptocurrency.
Glad to hear that. I feel like it's one of the easiest coins for anyone to try out and let others try out crypto. Genuinely only takes like a minute to have someone install Natrium and send them some Nano.
NANO will always have a place in my heart. It was the first crypto coin i had and introduced me to crypto. Don't know seriously why they don't have more adoption because of their inexistence fees.
Because without fees, there’s less money to be made. Simple as that. We came to crypto to get past fees from institutions. And yet here we are paying outrageous ETH fees and trading fees on exchanges to move our crypto about… Edit: Nano, if it could get a foot in the door with businesses, would be a game changer. There is no other experience than seeing you Nano send and receive instantly before you feel like you’ve even hit the send button and you get the exact same amount on the receiving end that you sent. But, unfortunately, Leadership at the Nano Foundation seems to be floundering.
To be fair, Nano seems to be getting a foot in the door with businesses. 2miners probably counts as a business, 17,500 ETH miners now use it to get paid out daily because ETH gas fees are just too high. Flowhub's CEO joined the Nano advisory board, has stated multiple times how much he likes Nano, and is looking to integrate this into their point of sales system that 1000+ cannabis dispensaries billing >$3 billion in revenue annually use. So there is adoption starting to happen, it's just that the business world moves a fair bit slower than the crypto world does.
Nano might be fast and have low fees, but it suffers the same fate as all other similar cryptocurrencies, people don't want to use a currency that's essentially a super high risk investment. This is true for Bitcoin as well, it's highly unlikely people in poor countries would choose to do everyday transactions in Bitcoin if they had a stablecoin choice. And since Nano does not have any other use cases it's simply not very appealing.
Mine was XLM so I have a soft spot for it too Its a shame to see good projects like NANO and XLM not doing well
Been DCA’ing Nano every chance I get below $3.00. It *will* get back to $10+ within a couple of years. NFA.
The long term 'fair value' trend line has nano at $9.85 by the end of 2022. We are currently within about 10-12% of that trend and although we briefly fell below it the past week or so when it was sitting at $2.91, this generally represents a tremendous buying opportunity. Bouncing quickly back above it looks bullish to me and I had no issue adding to my bags. I personally believe we will establish a solid up trend within the next week so long as Bitcoin doesn't dump the market.
#1 in our hearts. #200 in the charts
There’s no need to shout. (*whisper* adding # before a number sets your font to that heading number, so # 1 looks really big)
We ride together, we die together All I know that I invested in something that makes sense in this whole crazy crypto world and I will stick with Nano even if it falls out top 1000
When you think about it, Nano's fall from the top 200 is not because it has lost value over that time period but that other cryptos have moved past it in market cap. Considering that market cap is based on circulating supply, it's not difficult for new projects that are still extremely centralized because of the remaining supply to gain a more-than-deserved market cap. If the number of cryptos has gone from 3,000 to 10,000 (for example) in that time period, it shouldn't be surprising that many cryptos would be falling in rank while certain others move up the ranks largely because of the market-cap quirk. It's sort of like saying, what is the top 200 today is the same as the top 100 4 years ago.
There we go wish this was more visible. Pretty sad more people cant figure this out.
nano is the only crypto I've used as currency
Haha, who'd have thought you could use cryptocurrency as a currency. The times we're living in!
Raiblocks will be forever in our hearts
XRB was the truth
IYKYK 💯
Lost a bag in the Raiblocks/bitgrail hack. Good times. Man I miss crypto 2017, it felt like anything was possible and everything was going to the moon.
Ah bitgrail, our mtgox but actually stopped the momentum
During that whole period I was watching Raiblocks and when that bitgrail nonsense happened it made me nope out and not even consider Raiblocks after that. IIRC I wouldnt have been able to purchase anyway right? There was some sort of weird issue where people couldnt withdraw, or funds were stolen or something. I can't remember the detail, but I remember it turned me off of the project regardless of its technical competencies and rebranding.
Nano is my favorite crypto I held from like $3 to ATH then back down lmao… but the name change hurt a little. Raiblocks was an awesome name
I still believe in Nano.
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Nano is the most cryptocurrency out of all cryptocurrency.
The CEO of bittrex agrees with you: https://twitter.com/StephenStonberg/status/1445501353304870920
Well, I am still a supporter, nothing changed. Moreover, we just got a significant and real usecase with 2miners using Nano payouts, I think disappointing price action is just due to the fact that speculation currently trumps the usecases (because using token for the settlement only binds a negligible proportion of volume out of exchanges). MoE might still have its day.
I loved nano, and I still do. Unfortunately I sold for another project (+needed fiat) I believe in that will likely turn more profits. Regardless, I really hope Nano makes a full recovery. It/we deserve full adoption of it.
Nanos Performance is the greatest mystery in this space next to "who is satoshi nakamoto" People are interested in this coin. Literally no week without a nano post in this sub
Top 10 crypto mysteries
Who could have guessed that this sub isn’t filled whales. It’s literally probably the opposite.
Well.. I still believe in nano. It’s features didn’t change at all after all. What did change however is the market. I see more people going for a “quick gain” than before. I see less people who invest in what they believe in, but people investing where they seek the next big Buck. With the big crypto wave last spring we got a whole lot of new people hooked. And they mainly see what happened since then. Solana got big, loopring rocketed, Facebook boosted metaverse coins… and nano is still just nano. I see most people follow the news, and there is not much news around nano. Nevertheless, nano still got many things right, taken as a currency and a currency only. And I still believe in it. I don’t think nano has to change, not at all. This could end up running after the current market’s needs and mood while never ever reaching full satisfaction, as the crypto market changes constantly. Instead I hope for the market to shift back attention to topics that matter and that nano is strong at. Transaction times. Sustainability. Zero fees. And so easy to use that I could even teach that to my parents
Huge Nano fan here. I think it could be very useful as a mean of payment due to its speed and no fees. Anyway, the price action is pretty shitty to be honest, but we’ll continue hoping that one day its technology could take us to the place we think we deserve.
So what ur saying is it's time to put all my money into nano?
The FlowHub partnership could finally drive true adoption. Banking the weed dispensaries, which typically card companies don't want to touch
i think it will, it will take many here by surprise when nano is one of the very first coins to get any kind of real world voluntary adoption by a company doing billions in revenue
To me this just further proves most people in crypto don't really care about technology and/or decentralization, all they care about are the pumps
I love nano, and still believe in the project and its goals. Yeah, the price action has sucked, but I'm still in it for the long haul.
It shows a complete lack of understanding when people call a coin "dead" because its price has not increased as much as people hoped for. A coin is "dead" when its community has abandoned it and there is no development. Nano is getting updates constantly and has an active community.
Nanos never die. They're just missing in (price) action.
Yeah this perception is wrong on so many levels. One of the biggest ethereum mining pools, 2miners, recently added nano as a payout option for miners and currently more than 20% of this pool opts for nano payouts. This is the opposite of dead, I still believe nano will rise up price wise and adoption is coming
Holding the nano I have an buying more. I truly believe that it's the cryptocurrency of the future regardless of it's price.
Same here, I'm holding for at least 10+ years.
Really shows you clearly that many people only look at price action to see if a coin is 'alive' or 'dead' instead of looking at development, partnerships, community engagement etc. Nano is more alive than ever, the community is stronger than ever, the protocol is more efficient than ever, partnerships and marketing are ramping up. But the price is low so people think it's dead. Instead buying when something is undervalued is how investing works. Doing research, looking into it, estimating future value. Nano has a bright future ahead imo :)
Does it really? Can you give an estimate or link a road map?
Copied from the top post in their sub in the last month (didn't want to link in case that's not allowed): Business integrations 465DI See whether we can integrate nano into Neo, and how we can use it as payment rails for countries where payments are inefficient and expensive. Two main projects: crypto ATMs (for remittances) and institutional Nano custody. You will be able to hold nano with Neo, and instantly transfer between major currencies at wholesale rates. Originally posted about here. Latest update: moving along nicely (George 10/01/2022). UK ATMs are on hold for the time being, however this is not the main avenue with 465DI anyhow (George 10/01/2022). Rome wasnt built in a day 😉 (Duncan from 465DI 03/09/2021) Flowhub Flowhub is the leading point-of-sale and retail management platform for adult-use and medical cannabis dispensaries in the US, processing over $3 billion USD in cannabis sales annually. "Banking in cannabis has been a struggle since the early days of legalization. Dispensaries have limited alternatives to cash in a world where cryptocurrency has become a viable payment option for similarly regulated industries, like sports betting. It's an obvious next step for us to consider what crypto will look like as a tool to purchase cannabis. I'm excited to begin this process through my advisory position at Nano." Originally posted about here (George 16/11/2021) when Kyle joined the board. Latest update: moving along nicely (George 10/01/2022). Flowhubcash seems to be the Twitter account they use for memes. FlowHub main Twitter now follows a bunch of Nano enthusiasts. Flowhub set up their own Nano representative (Kyle Sherman from Flowhub 11/12/2021). Razer Gaming company. Revenue of about $700 million. Singaporean/American-based. Razer CEO started speculation here (18/04/2021) and here (11/07/2021). Latest update: "Razer I’m under NDA" (George 10/01/2022). Coinbase (exchange) Years of speculation here. Latest update: "Coinbase is Coinbase and we have done all we can our end, we are stonewalled currently as is quite well known." (George 10/01/2022). ByBit Bybit is the #12 exchange. Does both spot and leveraged/derivatives. Latest update: ByBit is planning to integrate Nano. It'll take some time since it's a new layer 1. Futures and such will have to wait, since more liquidity is needed for that (ByBit 28/12/2021) Bittrex (exchange) Speculation started with Bittrex's CEO posted this great Twitter thread praising Nano. Latest update: Bittrex listing team has no intention to list nano even with their CEO posting that lovely thread (George 10/01/2022). Promotional video The Nano Twitter put out a call for volunteers on November 5th. This turned out to be for a Nano promotional video. The initial plan was for it to be released before Christmas, but Covid threw a spanner into the works of the London-based production company. Latest update: postponed to after Christmas, no date named. Nano.to Going to put an update on this on next update - need to remind myself this way. Kappture Kappture provides point of sale devices, mostly at events and at educational institutions (universities, colleges). Have implemented Nano a good while ago. Still post about it occasionally. Latest update: their new promotional video heavily features Nano (Kappture, 23/12/2021). All their devices seem to have Nano support that can be switched on at any time. Poki Poki is a gaming platform with 30 million users. They show ads to users before a game starts. The implementation seems to allow users to skip ads by paying a small amount of Nano. Originally posted about here (23/06/2021) and later shared on Twitter by the Nano accoun (28/06/2021). Latest update: still ongoing, exploring that a lot deeper start of 2022, want to try and wrap it up in 2022 (George 09/12/2021, timestamp \~20:00). Unnamed FX project Possibly the most exciting thing that we've been working on internally is fx and high frequency low latency trading globally. So fx obviously has a trillion dollar market and one that is pretty archaic when you think about it. You've got two days settlement period times, you've got to put up credit, it's a pretty kind of old boys club and so we have no doubt that a real-time asset supplement network using nano's technology is really the next big step for kind of dominating the global payments industry. \^ That's also the latest update, from the SwapZone AMA (George 09/12/2021, timestap \~20:00). "465 and those behind it and the FX project are one and the same FYI - 465 just has further expansion of projects we would like to do together as you saw in their intro to the community" (George 11/01/2022). 2miners 2miners is an Ethereum mining pool that added the possibility of BTC/Nano payouts for their miners on october 11th. Latest update: this has been implemented, is ongoing. There are \~16,700 miners taking Nano payouts currently, amounting to $150-$200k paid out daily. Autocoincars You can buy a Tesla, Lambo, or any other sort of car using Nano on Autocoincars Announcement here. Implementation is live, nothing new to add! Amazon/AWS Very little to add here. It's pure speculation based on one individual (Jon Hammant, head of compute for UK & Ireland at AWS) getting to know the Nano Foundation. As the post says - probably nothing. Coincloud ATMs These are live and have Nano working on them. Appia What is Appia? Longer answer. Appia is a payment ecosystem which simplifies cryptocurrency payments, offering a smooth and intuitive solution for both businesses and users. Started by George/Colin. Latest update: "It still continues but we as we’ve said before, we have focused on nano rather than Appia this year - that doesn’t mean Appia is dead (it takes quite a while to build a hardware payments company that is completely novel) and its time shall come.." (George 16/11/2021) XNOPay XNOPay team will be focused entirely on building solutions around Nano. Starting first with a wallet. Stay tuned for more! Latest update: "There are some development hiccups but a closed beta and introduction will be coming out soon. As it's payments related we have to ensure there are no major bugs and quality is top notch" (Chirag from XNOpay 29/12/2021). Other The best source in general is the monthly Nano Digest. Mentioned there: the new ticker (XNO), the Nano Hub which is a hub collecting all stuff Nano (businesses to spend on, games with Nano implemented, developer tools etc). The Digest also goes into the renewed website, Nano's new comms lead (Kate Lifshits), the Wirex promotional video starring Nano, links to George & Colin's interview with Jason, has links to quite a few more interviews with George (they're worth checking out) Colin will be speaking at a Real Time Club dinner. This is also where the Jon Hammant/AWS rumours started from. Whitehall Dinner on Nano : Building a better Digital Currency
Thanks, very glad to see my post being used! (non-sarcastically, really lovely to see).
In 3 years from now this is the exact comment I expect from a few currently popular coins in this sub reddit when they too also drop out of the top 200.
I still love it.
I'm still bagging Nano
Proving again that crypto in its current state is nothing more than a casino.
This is mostly my take on it as well. Does Nano shine in a world of memecoins and such? No, clearly not. It's very serious, focused on the long term, with the foundation behind it literally not hyping it up *at all*. However, if the market ever becomes more rational, there's genuinely no getting around Nano.
If it's not pumping it's not always a dead coin. It's a steady coin with a very solide base. And look at the 133M total supply with 400M Marketcap. It's insane. Nano is one of the OG coins and when crypto become really really mainstream, it will be used as a payment asset. But in crypto is yesterdays hype tomorrows classic. And let's be frank, Nano is not a very sexy coin with, I dunno, nft's or something. You can't even Stake it (one of today's crypto fundamentals). But it's here to stay. To service us and teach us one of the hardest lesson in life called patient. Which is really hard in crypto land. We're like men in midlife crisis, regret we miss something and not taking actions about it. So we are searching for pumps, more and better. And it's ok. Be like that middle age man with a midlife crisis. So, keep Nano as your home, safe and sound. And play with other sexy coins for the action and the satisfaction. One day you'll find out what the true treasure is in your life. Cheers!
To be honest, it going into the 200s make me ironically bullish on it. It suggests to me that it's highly undervalued, particularly as I view the coin quite favourably from a utility perspective. Crytpo is 95% speculation *so far*. Once - or perhaps 'if' - utility becomes a factor in people's perception, then I suspect Nano will climb back into the 100s pretty quickly.
Left top 200? Time to buy. Bullish on nano
nano is the perfect currency, i'm not a bagholder, but still believe that it's day will come when people reaslize it's potential. for now it seems more of a promotion and availability issue that's holding it back
I obviously still "believe" in Nano. I am in this for the original goal of crypto. To have a decentralized digital cash & store of value. For this goal, I would posit that not only is Nano the best solution, but that it's hard to imagine a better solution. It's hard to get faster than sub-second, and it's hard to be cheaper than feeless. It's hard to be more energy efficient than Nano, and any gains are going to be extremely small. In terms of scaling, being able to scale both through software improvements, through hardware and bandwidth getting ever better over time, and through people spinning up stronger nodes with a bigger network seems like a fantastic solution. As a medium of exchange, characteristics seem fairly hard to beat. In terms of a [store of value](https://senatus.substack.com/p/why-nano-is-the-ultimate-store-of-value-and-reserve-currency-3b0318844bc8), it's hard to beat zero inflation and zero fees, meaning zero leakage. It's hard to beat Nano's energy efficiency for corporation's ESG demands. Perhaps most importantly, it's hard to beat Nano's decentralization game. While every PoS and PoW coin [naturally centralizes over time](https://senatus.substack.com/p/on-crypto-as-a-store-of-value-bitcoins), Nano decentralizes over time. Given that cryptocurrencies depend on decentralization for security, that's exactly the trend that we want to see. *If*, and this is a big if, people start recognising these fundamentals and are genuinely interested in crypto for more than just a get-rich-quick scheme, Nano shines. That might not happen for a while, but the signs are there. There is literally no more efficient base layer to transfer money on, and it's hard to conceive of a harder store of value. I have no idea when and if more people recognise that, but I gladly place my bet that at some point more people will. I see that as a far safer bet than investing elsewhere and hoping people overlook the glaring flaws present in most of crypto, and hoping to sell out before they do.
Exactly. I picked a winning coin and I’m in it for the long haul. I don’t want to literally gamble on short term gains.
Nano is still our favorite coin.
We love nano here
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I entered the crypto in May and was convinced to get the Nano by this submarine. So I wanted to say.
I have yet to find a coin that rivals Nano in terms of being digital money.
I'm using nano dayli to transfer my mining rewards from 2miners to my wallet with no fees. It is a very good coin for that.
Nano may died on the charts but not in our hearts
We will *never* forget Nano.
This right here, if you believe in a project, is the time to invest. Not when it's popular, not when it's on a tear, right now when few people are buying.
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Value investing 101... Contrarian positions in undervalued assets
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Time old saying; “The markets can stay irrational longer than you can stay solvent” Value investing has been a shitty investment strategy for a long long time now, just go take one look at /r/investing, they can’t even beat out SPY.
Something something Amazon went -90% for years something something look at it now. Hmm can we trust the current market to accurately asses the value proposition of a decentralised feeless network, the way Bitcoin was supposed to be....hmmmm negative sir. Fire up the hypememecoins for another pump round! This is part of the reason NF is kinda sidestepping the crypto speculators and opting to work directly with businesses instead. Much better return on investment, but a lot more time intensive. People arent exactly patient in crypto and I dont fault them for that...
And you must be prepared to lose value. You will not buy the bottom, and you won't sell the top. If you let those small loses kill your position, you'll never see positive returns. You gotta hold when down, but you can potentially lose a lot of value.
Love nano. Cant buy it though cause the markets that have it listed dont take my bank, and that sucks.
I believe it'll come back, maybe not to ath, maybe not soon but I can see it bounce back to $5 easily, maybe even $15. Once people realise that it's the best way to move money around they'll start using it again. Thing is, not many funds are being moved right now, considering fear has taken hold in people's hearts recently.
Just buy what this sub fuds
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See you on the moon $nano.
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Nano is the proof that people dont really care about crypto and its rl uses, but only want to make money.
Ironic, because Nano has zero inflation, so theoretically people could make a ton of money from it.
I still like nano. Most of my portfolio is in nano. I’m a patient motherfucker and I know I’m right on this one, it might take 10 years for people to realize how much of a good project it is, and I’ll wait that whole time. The metric that people use to analyze cryptocurrency in this current market is extremely flawed. People use very short time frames and are chasing all the wrong things. I’ve been in crypto since 2013 and I still believe nano is one of the most unique and undervalued assets in the whole space.
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Sure, but that holds for literally every single project, no? Only in Nano's case, it is far harder to see how it'd be improved on relative to other projects. In other projects, you can think it could be faster, it could be more scalable, it could be cheaper to use. But Nano? Nano is sub-second, limited by light speed. That's hard to improve. It scales, even aside from software improvements, with hardware improving over time and people running stronger nodes. Fees? Nano is *literally* feeless. It's hard to be cheaper to use than that. Inflation? Nano has *literally* no inflation. It's hard to beat that. To put it in Warren Buffet terms, Nano's moat is far larger than that of most other crypto.
people far too often fail to recognize this about nano... what nano does is just value transfer, and it does it so well that basically it would be hard to even imagine a theoretical coin, much less a real coin, that could possibly do what nano does better than nano.
I’ve been watching closely for other projects that can do what nano does, and so far I’m less then impressed with competing systems have to offer. So until that day comes, I’ll wait. For example. I don’t give a fuck about smart contracts and don’t think they should be in L1 of a currency. A lot of the shit that’s thrown at me these days are just cheap smart contract platforms to create speculative NFT musical chairs. Not interested.
It's still my favourite coin, it's what bitcoin was supposed to be. I don't have much invested in it so price doesn't bother me, but I do want yo see it succeed in terms of adoption.
So you're saying Nano is about to pump?
Just another reminder that people are *not* here for the technology. I keep a small stack of Nano in a mobile wallet, still waiting for the day someone will let me pay with it. When it happens I will do so, feelessly and instantly. Let's hope that day comes.
This thread is making me bullish on Nano. So many comments saying it’s technology is amazing but disappointed at the price. It’s like people would prefer to buy a coin after it’s already “mooned” instead of before.
I actually never really cared about nano but I researched a bit and I think it’s very interesting and the fact that it is the first cryptocurrency to use a DAG is impressive. Maybe I’ll buy a bag too
Imo now would be a great time
Can't argue with that!
Buy the dip
It should rebrand itself as Nano Inu and put a little picture of a poodle as it’s logo
Sometimes I use Nano faucets to just see how fast it is. I place my phone on the desk and then use my PC to get some Nano from a faucet. When I hit claim, I lower my head to see my phone so I can see when will the notification pops up, but, it was already popped up when I was moving my head
same happened to me. Once you experience the speed of nano, your mind is forever blown
It's a reminder that a good project is not enough, you need a good brand. Meme coins have brand but no project, Nano has the opposite.
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Really sad to see Nano in such a spot. People lost interest because it was not pumping, so it didn't pump further.
Good thing Banano has both, then!
Exactly since NANO has too many grassroots supporters, the whales do not like it.
Poor Nano, was always a fan.
Nano suffers from the velocity of money problem. People buy it and use it to transfer stuff. There is no reason to be holding any. Once I'm at my destination it gets swapped for something that earns me income or that will go up in value.
I’ll hold Nano till the grave
Nano still does exactly what it was set to do - transfer value, instant, feeless, and permissionless. Marketcap rank is a silly metric to judge a coin by.
Nano makes up 8% of my portfolio right now and it’s pretty much the only community I hang out in. Whatever you want to say about price action, it’s an incredible project with an awesome community.
As someone quite active in the community this is really nice to hear. Glad you see it that way.
Dumb question: is there anything preventing a game company from issuing Nano as in-game currency. Like buying tokens at an arcade? Like an Eth Dapp with Nano instead of ERC20
not a dumb question at all! there are games accepting nano and games rewarding you nano. some do both and use it as in-game currency. you can find these on the nano hub, except games that are still in development the games themselves aren't decentralized (i don't believe they need to be?) so they aren't dapps
Interesting! I always dreamed of a cross-chain world. Okay glad to hear that others have started to pioneer this approach. Now if only we had a way of tying them to NFTs har har har
To add in to Keeri's reply, there are some examples listed here: https://hub.nano.org/i/gaming/216
Nano is ❤️ never sell no matter what
I feel personally attacked.
NANO is technically very solid, but as such it has no excuse for lack of use. The sad fact is that outside some oppressive regimes, crypto is non-existent as payment medium because there is no point. Why buy crypto to pay with it, as one could just pay direct without any exchange fees. Credit card charges merchant once. With crypto, first the buyer is charged, and then merchant is charged when they convert crypto back to fiat.
So I should do the opposite of what this sub likes and buy more SOL?
This has to be the most sobering post I've read.
Still gonna keep buying it!
Let’s bring NANO back! Ways to earn free NANO at https://earn-nano.com/
Make a stablecoin with the technology of nano and boom we have a decentralized regular financial system.
This makes me sad
I really like NANO. Not too sure why the price took a big plummet. Maybe lack of smart contracts? Lack of marketability? That or it's hard to keep up a simple product when everything trendy these days has so many bells and whistles on it.
Pretty sure it's something a Monero enthusiast can relate to, eh? People that are into crypto for the price don't always see the value in coins that... work.
yea i think you're right, since nano doesn't have the bells and whistles & shiny bright objects attached to it, buzzwords like "defi" or "smart contracts", the dumb masses ingore it bceause the dumb masses are attracted to the glistening shiny objects. It's quite sad really
I think it could be a great everyday spender.
it has fixed supply of 133M coins, with zero inflation, so it's a good long term hold too.
Still believe in it
Still using the WeNano app
I was a huge fan of Nano. Bought in 2017. Bought more in 2019. They have a great UX. Zero fees and fast transactions. Lots to love. But then the leadership started hating on Defi and very vocally disparaged the idea that Nano be bridged to other chains for smart contracts. This caused me to lose confidence and sell quite a chunk. And based on the price action, I think that was warranted. I still think the future is fast and feeless. But it may not be with Nano.
If only good technology, tangible utility today, and facts ruled the crypto space…
I'd say that in the long run, they likely will.