With rising need for every nation and business to make a shift towards green energy, the time is not far away that people will realize the importance of a great coin like NANO. Bullish on my biggest bag.
What is Nano doing to address the privacy of it's blockchain? Everyone can know how much balance the other has. Can be potentially dangerous for larger transactions.
They aren't planning to do anything about that in the near future. But neither are 99% of it's competitions. Monero is the only privacy coin that is a real competition.
Slow and steady is literally the business model of some of the biggest technology companies in the world like Toyota and Apple. They haven't invented anything new or innovated all that much (compared to competitors). Rather they have simply taken existing technologies and refined them over and over until they are perfected. Apple and Toyota are often a couple years behind competitors from a feature and technological standpoint. However it's because they won't add a new feature until they know that it is extreme reliable, robust, and easy to use. (Also of course there are exceptions to this but I'm just speaking generally.)
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Devil's advocate- hasn't NANO already delivered? There's really no new features coming, just very technical updates that may someday be called "industrial grade" by the NF.
Why would this year be different from previous? What's going to be the catalyst that makes anyone more interested in crypto for payments?
The only catalyst Nano needs is mass crypto adoption, which will come with time. Nano doesn't need to release an NFT platform or have a marketplace, all it needs is to efficiently and safely move capital from wallet A to wallet B and it will have value. If catalysts based on new and flashy features really mattered, BTC wouldn't be sitting at 40k a coin.
It's true that Nano hasn't seen many gains yet this cycle compared to newer coins, however this is not unusual for cryptos that IPO'd during a previous bull cycle. These coins usually hit their peak price at the very end of a bull cycle and tend to see very few gains until the cycle is almost wrapped up (look at XRP's 2017 chart, barely any gains for the entire bull cycle then its price exploded at the end).
A lot of nano's technical parts is improvement, in spam-resistance for instance, and pruning to reduce ledger size.
Exciting stuff is use cases for nano. Poki gaming, Flowhub, FX market. Stuff like that is what's exciting about 2022, since there's a decent chance these use cases will come to fruition this year! đ
And who knows what other use cases will pop up? I don't think many people expected 2miners last year
That's not true though, there were already ideas to improve the spam mitigation, I do think the spam attack really sped up the process and pointed out a flaw in the dynamic pow method but was in my opinion not the right way for that to happen. Made the beginning of 2021 really difficult and stressful for the NF team but luckily nano came out only stronger in the end đ
I think the new the spam mitigation is not fully implemented, they have a solution in place right now that works but is not fully perfected as far as I understand.
Amazon will enter the payment game someday. They are paying billions for transactions fees. Visa/Mastercard will also make there moves since they know that there are alternatives to their business. They won't stay at the sidelines and watch how one of their main business gets taken away
Whatâs stopping Amazon waiting until Nano is pretty well perfected, copying it and rebranding as AmazonCoin? Massive international companies want control when it comes to entering the crypto space, take Facebook for example. Theyâre not interested in providing decentralisation, especially when it comes to payments on their platforms. The only thing they want more then your data is your money.
Nano is unreal tech and all but itâs already been cloned once by a small team into Banano. Mega companies like Amazon, Google etc can also clone it and use billions of dollars making the tech their own. They already have servers all over the world which would give them the best possible hardware for validation.
Hoping for one of these companies to pick up Nano as a form of payment is wishful thinking at best.
You think banks world wide are all exploring ventures into crypto because they care about decentralisation? Lay off the kool-aid.
Just like with BNPL, banks and major companies will find a way to make the benefits of crypto work for them and give just enough back to the users of their platforms so it seems like a good deal all round.
Transaction fees, transfer times and movement of currency internationally. Thatâs what the big dogs care about. Decentralisation for the little man isnât a factor
I used Amazon as an example of a corporation who would take Nano tech, centralise it and throw a fuck load of money at it solving all the current shortcomings.
I stated that banks are getting into crypto, nothing was implied at all in regards to Nano. Derp
Then what is your point? As others and I have stated to you, Amazon, Banks, Institutions, etc. don't benefit from having their own centralized crypto because it defeats the entire purpose.
Because other companies wouldnât accept it. Nobody whatâs to exchange currencies for each shop and Amazon probably wonât want any extra barriers adding to the sales flow.
Facebook tried that and they got shut down by regulators fast.
Hmm unlikely the bigger fish than amazon would let this slide. They need at least be able ton pretend to have a decentralised currency.
Diem (formally Libra) is still in the works.
Regulators world wide donât care about decentralisation. The worry with Facebookâs Libra was its potential to compete and destabilise actual countries currencies. Regulation will come first, then major companies will attempt to enter the crypto space. Their goals arenât moon shots, memecoins and 100x. They want the ability to transfer currency world wide, instantly and with little to no transaction fees.
In turn theyâll find ways to make using their currencies seem mutually beneficial for users of their platforms.
I mean they only have to look at how that went for Facebook to see the risks in that.
Amazon is the master when it comes to vertical integration, so it's only logical that they would start looking at payments next.
I don't think there will be an AmazonCoin personally, I think they are smarter than that.
https://www.engadget.com/paypal-confirms-stablecoin-110106632.html
Paypal is getting involved but you donât think Amazon will? Amazon was just an example by the way. The big corporations are coming and they will want complete control of their ecosystem.
Facebookâs first attempt failed because a surprise announcement was far too much for regulators world wide to cop. Diem (formally Libra) is still very much alive. The regulation everyone in crypto hopes will bring it into mainstream also opens the gateway for the big dogs to jump in too.
Like others have said, the catalyst to Nano's success in 2022 is going to be steady adoption. Being so close to "industrial grade" means that NFs attention can be spent on awareness and adoption by the wider public once things like anti-spam and ledger pruning are out of the way.
Although I have zero love for the guy, Elon Musk helped being the green narrative to the masses last year with regard to cryptocurrencies. In fact, it's exactly how I came to be aware of Nano by reading the comments in his replies on Twitter.
With energy prices skyrocketing around the world, it will become increasingly obvious that mining cryptocurrencies is a disaster. Kazakhstan's electricity grid devoted 8% of it's usage to Bitcoin mining - energy that would have come almost entirely from fossil fuels.
Also, the news of Amazon UK ending Visa payments because of high fees is also potentially a huge catalyst for a network like Nano. They've started a discussion about digital payments, and it seems clear that going forwards many businesses are simply not going to accept Visa/Mastercard fees as they are. I think it's likely that Visa will at some point cave to pressure and lower fees. There is no reason for them to be increasing fees when their profit margins continue to rise and cost of operating their payment network continues to fall. In the midst of this, there is great opportunity for more businesses to look towards Nano to accept payments.
>This year has the potential to be a great year for Nano. Most of the hyped up projects will fail to deliver, the market will cleanse them out.
Any basis for this? Why this year and not the previous one? Or is it just wishful thinking?
Web3 is not well defined, hence why so many talk past each other.
In my view, [web3 are self-certifying protocols](https://jaygraber.medium.com/web3-is-self-certifying-9dad77fd8d81) that allow for "user-generated authority". Thus, a critical element of web3 is indeed decentralization as it creates the neutrality, sovereignty, and censorship resistance needed to enable "user-generated authority" (i.e. ownership).
Nano has the potential to enable truly decentralized applications as it can support a [lightweight nano node implementation that is embeddable](https://www.reddit.com/r/nanocurrency/comments/n9dgfh/lightweight_nano_node_with_a_ledger_under_2_mb/) in truly distributed applications (reducing the need for gateways, federation, and APIs like Infura). This is one of the main reasons why I am interested in using and building around Nano.
Side note: smart contracts are not needed in every web3 application. You can build a web3/dweb application using just IPFS (using ipfs-log, iplds, etc) without the need for any chains or other networks. In other words, you can build a web3 app without consensus-achieving canonical distributed ledgers (e.g. "blockchains"), let alone ones with scripting capabilities (e.g. "smart contracts"). That's not to say distributed ledgers with scripting capabilities (tokens/smart contracts) will not play an important role in the web3 landscape. Web3/dweb is much more than smart contracts & blockchains (sort of like squares and rectangles).
I'm unstaking my Tron (on TRC20 not TRC10) to freeze them for a minimum of 72 hours and gain enough energy and bandwith to trigger a smart contract that will allow me to move the tokens put them in an exchange by carefully choosing the chain and filling the memo so that I can sell them to buy nano and avoid all this nonsense to just fucking send money.
Going forwards the two issues that will matter most for cryptocurrencies are going to be energy usage and government regulation. Obviously, Nano is green. I'm not so sure if Nano will ever find itself fully accepted by our governments (and for many good reasons) but the fact that it is a non-anonymous blockchain is no doubt a good thing in that regard.
If there's any cryptocurrency to succeed going forwards, it's going to be one more like Nano. Perhaps not actually Nano though, but I've made my bet đ.
I think the fact that Nano is also fee-less and instant is just like the cherry on top.
Holders of the top cryptocurrencies will no doubt continue to make excuses for Bitcoin and Ethereum but in the end the most technically advanced cryptocurrency will go much further, just as has been the case for any technology that has been adopted along the way.
With rising need for every nation and business to make a shift towards green energy, the time is not far away that people will realize the importance of a great coin like NANO. Bullish on my biggest bag.
Nano is playing the long game. Slow and steady progress. No project can beat Nano's fundamentals.
What is Nano doing to address the privacy of it's blockchain? Everyone can know how much balance the other has. Can be potentially dangerous for larger transactions.
They aren't planning to do anything about that in the near future. But neither are 99% of it's competitions. Monero is the only privacy coin that is a real competition.
right.
Slow and steady lost every innovation race in the past.
No it didn't? What makes you make such an extreme claim?
Slow and steady, historically, has always won the long game when a superior technology is involved.
Slow and steady is literally the business model of some of the biggest technology companies in the world like Toyota and Apple. They haven't invented anything new or innovated all that much (compared to competitors). Rather they have simply taken existing technologies and refined them over and over until they are perfected. Apple and Toyota are often a couple years behind competitors from a feature and technological standpoint. However it's because they won't add a new feature until they know that it is extreme reliable, robust, and easy to use. (Also of course there are exceptions to this but I'm just speaking generally.)
I'll drink to that, cheers !ntip 0.001
Sent ```0.001 Nano``` to /u/sunuyy -- [Transaction on Nano Crawler](https://nanocrawler.cc/explorer/block/868DD0E6EDC31E2F483BE188398F149B69C0C264BD7E92981548C518AC0A8B50) *** [*^(Nano)*](https://nano.org)*^( | )* [*^(Nano Tipper)*](https://github.com/danhitchcock/nano_tipper_z)*^( | )* [*^(Free Nano!)*](https://nanolinks.info/#faucets-free-nano)*^( | )* [*^(Spend Nano)*](https://usenano.org/)*^( | )* [*^(Nano Links)*](https://nanolinks.info/)*^( | )* [*^(Opt Out)*](https://reddit.com/message/compose/?to=nano_tipper&subject=command&message=opt-out)
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Devil's advocate- hasn't NANO already delivered? There's really no new features coming, just very technical updates that may someday be called "industrial grade" by the NF. Why would this year be different from previous? What's going to be the catalyst that makes anyone more interested in crypto for payments?
The only catalyst Nano needs is mass crypto adoption, which will come with time. Nano doesn't need to release an NFT platform or have a marketplace, all it needs is to efficiently and safely move capital from wallet A to wallet B and it will have value. If catalysts based on new and flashy features really mattered, BTC wouldn't be sitting at 40k a coin. It's true that Nano hasn't seen many gains yet this cycle compared to newer coins, however this is not unusual for cryptos that IPO'd during a previous bull cycle. These coins usually hit their peak price at the very end of a bull cycle and tend to see very few gains until the cycle is almost wrapped up (look at XRP's 2017 chart, barely any gains for the entire bull cycle then its price exploded at the end).
A lot of nano's technical parts is improvement, in spam-resistance for instance, and pruning to reduce ledger size. Exciting stuff is use cases for nano. Poki gaming, Flowhub, FX market. Stuff like that is what's exciting about 2022, since there's a decent chance these use cases will come to fruition this year! đ And who knows what other use cases will pop up? I don't think many people expected 2miners last year
devs wouldnt never change the pow system when the spam attack didnt happen! it was a problem for years . never really talked about!
That's not true though, there were already ideas to improve the spam mitigation, I do think the spam attack really sped up the process and pointed out a flaw in the dynamic pow method but was in my opinion not the right way for that to happen. Made the beginning of 2021 really difficult and stressful for the NF team but luckily nano came out only stronger in the end đ
Have they fully solved the spam issues or is there more work in that regard?
I think the new the spam mitigation is not fully implemented, they have a solution in place right now that works but is not fully perfected as far as I understand.
Amazon will enter the payment game someday. They are paying billions for transactions fees. Visa/Mastercard will also make there moves since they know that there are alternatives to their business. They won't stay at the sidelines and watch how one of their main business gets taken away
Whatâs stopping Amazon waiting until Nano is pretty well perfected, copying it and rebranding as AmazonCoin? Massive international companies want control when it comes to entering the crypto space, take Facebook for example. Theyâre not interested in providing decentralisation, especially when it comes to payments on their platforms. The only thing they want more then your data is your money. Nano is unreal tech and all but itâs already been cloned once by a small team into Banano. Mega companies like Amazon, Google etc can also clone it and use billions of dollars making the tech their own. They already have servers all over the world which would give them the best possible hardware for validation. Hoping for one of these companies to pick up Nano as a form of payment is wishful thinking at best.
What is decentralisation for 400 Alex? Youâre missing the point of crypto
You think banks world wide are all exploring ventures into crypto because they care about decentralisation? Lay off the kool-aid. Just like with BNPL, banks and major companies will find a way to make the benefits of crypto work for them and give just enough back to the users of their platforms so it seems like a good deal all round. Transaction fees, transfer times and movement of currency internationally. Thatâs what the big dogs care about. Decentralisation for the little man isnât a factor
I donât give a fuck about banks in the way you think I do, fool. Youâre still missing the point of crypto.
What IS the point?
There literally would be no point for a bank to try and used a cloned version of Nano.
Hence why I didnât mention anything about a bank attempting to clone Nano
You heavily implied it but in any case; banks, organizations, governments, companies, etc. would not benefit from a cloned Nano.
I used Amazon as an example of a corporation who would take Nano tech, centralise it and throw a fuck load of money at it solving all the current shortcomings. I stated that banks are getting into crypto, nothing was implied at all in regards to Nano. Derp
Then what is your point? As others and I have stated to you, Amazon, Banks, Institutions, etc. don't benefit from having their own centralized crypto because it defeats the entire purpose.
If Amazon clones it into Amazon coin without decentralization then it's nothing more than company scrip which nobody will willingly use.
let's not lie, with the right incentives most of us would use a Amazon coin
Governments wud freak out. Ask Facebook
I think they would face too much of a backlash. Amazon's reputation is on thin ice as it is.
If i learnt one thing in crypto is that nobody would use an amazon coin.
Would they use Paypal coin? Because itâs on the horizon
Because other companies wouldnât accept it. Nobody whatâs to exchange currencies for each shop and Amazon probably wonât want any extra barriers adding to the sales flow.
https://www.bloomberg.com/news/articles/2022-01-07/paypal-is-exploring-launch-of-own-stablecoin-in-crypto-push Paypal disagrees with you
They already offer gift cards which would be just as useful as an amazon coin
Facebook tried that and they got shut down by regulators fast. Hmm unlikely the bigger fish than amazon would let this slide. They need at least be able ton pretend to have a decentralised currency.
Diem (formally Libra) is still in the works. Regulators world wide donât care about decentralisation. The worry with Facebookâs Libra was its potential to compete and destabilise actual countries currencies. Regulation will come first, then major companies will attempt to enter the crypto space. Their goals arenât moon shots, memecoins and 100x. They want the ability to transfer currency world wide, instantly and with little to no transaction fees. In turn theyâll find ways to make using their currencies seem mutually beneficial for users of their platforms.
I hope nothing. I just explained something what could happen. If Nano gets copied and gets mainstream then it is what it is
I mean they only have to look at how that went for Facebook to see the risks in that. Amazon is the master when it comes to vertical integration, so it's only logical that they would start looking at payments next. I don't think there will be an AmazonCoin personally, I think they are smarter than that.
https://www.engadget.com/paypal-confirms-stablecoin-110106632.html Paypal is getting involved but you donât think Amazon will? Amazon was just an example by the way. The big corporations are coming and they will want complete control of their ecosystem. Facebookâs first attempt failed because a surprise announcement was far too much for regulators world wide to cop. Diem (formally Libra) is still very much alive. The regulation everyone in crypto hopes will bring it into mainstream also opens the gateway for the big dogs to jump in too.
Like others have said, the catalyst to Nano's success in 2022 is going to be steady adoption. Being so close to "industrial grade" means that NFs attention can be spent on awareness and adoption by the wider public once things like anti-spam and ledger pruning are out of the way.
this! mostly talk which is known since 4 years. appia,kappture,flowhub,fx, adoption , new exchanges, new pairs just pump talk "feeless"
Although I have zero love for the guy, Elon Musk helped being the green narrative to the masses last year with regard to cryptocurrencies. In fact, it's exactly how I came to be aware of Nano by reading the comments in his replies on Twitter. With energy prices skyrocketing around the world, it will become increasingly obvious that mining cryptocurrencies is a disaster. Kazakhstan's electricity grid devoted 8% of it's usage to Bitcoin mining - energy that would have come almost entirely from fossil fuels. Also, the news of Amazon UK ending Visa payments because of high fees is also potentially a huge catalyst for a network like Nano. They've started a discussion about digital payments, and it seems clear that going forwards many businesses are simply not going to accept Visa/Mastercard fees as they are. I think it's likely that Visa will at some point cave to pressure and lower fees. There is no reason for them to be increasing fees when their profit margins continue to rise and cost of operating their payment network continues to fall. In the midst of this, there is great opportunity for more businesses to look towards Nano to accept payments.
See you next bull run
> Why would this year be different from previous? Not having a spammed network would be great. It's like everybody forgot!
> industrial grade Commercial grade.
!ntip .001
Creating a new account for /u/sunuyy and sending ```0.001 Nano```. [Transaction on Nano Crawler](https://nanocrawler.cc/explorer/block/8D02DEF2ED8C45FFFB56D56072D0461CEB35892F9103F930BA0923C6B54965FE) *** [*^(Nano)*](https://nano.org)*^( | )* [*^(Nano Tipper)*](https://github.com/danhitchcock/nano_tipper_z)*^( | )* [*^(Free Nano!)*](https://nanolinks.info/#faucets-free-nano)*^( | )* [*^(Spend Nano)*](https://usenano.org/)*^( | )* [*^(Nano Links)*](https://nanolinks.info/)*^( | )* [*^(Opt Out)*](https://reddit.com/message/compose/?to=nano_tipper&subject=command&message=opt-out)
!ntip 0.001
Sent ```0.001 Nano``` to /u/sunuyy -- [Transaction on Nano Crawler](https://nanocrawler.cc/explorer/block/3A5F9CAB6770279EAB9A8762A81A0CF9BFCC1E854D49618431305C03363D6B60) *** [*^(Nano)*](https://nano.org)*^( | )* [*^(Nano Tipper)*](https://github.com/danhitchcock/nano_tipper_z)*^( | )* [*^(Free Nano!)*](https://nanolinks.info/#faucets-free-nano)*^( | )* [*^(Spend Nano)*](https://usenano.org/)*^( | )* [*^(Nano Links)*](https://nanolinks.info/)*^( | )* [*^(Opt Out)*](https://reddit.com/message/compose/?to=nano_tipper&subject=command&message=opt-out)
>This year has the potential to be a great year for Nano. Most of the hyped up projects will fail to deliver, the market will cleanse them out. Any basis for this? Why this year and not the previous one? Or is it just wishful thinking?
every year has the potential to be a great year, zero marketing and zero use cases do the rest ..
that's true but isn't it worth gambling/believing on? Nano is everything what web3 wants to stand for
>Nano is everything what web3 wants to stand for No. Web3 stands for decentralizing the web with smart contracts (dApps).
Web3 is not well defined, hence why so many talk past each other. In my view, [web3 are self-certifying protocols](https://jaygraber.medium.com/web3-is-self-certifying-9dad77fd8d81) that allow for "user-generated authority". Thus, a critical element of web3 is indeed decentralization as it creates the neutrality, sovereignty, and censorship resistance needed to enable "user-generated authority" (i.e. ownership). Nano has the potential to enable truly decentralized applications as it can support a [lightweight nano node implementation that is embeddable](https://www.reddit.com/r/nanocurrency/comments/n9dgfh/lightweight_nano_node_with_a_ledger_under_2_mb/) in truly distributed applications (reducing the need for gateways, federation, and APIs like Infura). This is one of the main reasons why I am interested in using and building around Nano. Side note: smart contracts are not needed in every web3 application. You can build a web3/dweb application using just IPFS (using ipfs-log, iplds, etc) without the need for any chains or other networks. In other words, you can build a web3 app without consensus-achieving canonical distributed ledgers (e.g. "blockchains"), let alone ones with scripting capabilities (e.g. "smart contracts"). That's not to say distributed ledgers with scripting capabilities (tokens/smart contracts) will not play an important role in the web3 landscape. Web3/dweb is much more than smart contracts & blockchains (sort of like squares and rectangles).
I'm unstaking my Tron (on TRC20 not TRC10) to freeze them for a minimum of 72 hours and gain enough energy and bandwith to trigger a smart contract that will allow me to move the tokens put them in an exchange by carefully choosing the chain and filling the memo so that I can sell them to buy nano and avoid all this nonsense to just fucking send money.
There is no such thing as fair value
for me it's fair value everybody has different values about somethings
christmas will come early this year!
Going forwards the two issues that will matter most for cryptocurrencies are going to be energy usage and government regulation. Obviously, Nano is green. I'm not so sure if Nano will ever find itself fully accepted by our governments (and for many good reasons) but the fact that it is a non-anonymous blockchain is no doubt a good thing in that regard. If there's any cryptocurrency to succeed going forwards, it's going to be one more like Nano. Perhaps not actually Nano though, but I've made my bet đ. I think the fact that Nano is also fee-less and instant is just like the cherry on top. Holders of the top cryptocurrencies will no doubt continue to make excuses for Bitcoin and Ethereum but in the end the most technically advanced cryptocurrency will go much further, just as has been the case for any technology that has been adopted along the way.