Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments
by
Colonel Crouton
on 26/02/2018, 19:14:58 UTC
Quote from: djpitagora on February 26, 2018, 03:56:22 PM
Quote from: ex-nihilo on February 25, 2018, 10:27:27 AM
Quote from: dishku on February 25, 2018, 09:46:02 AM
Quote from: ex-nihilo on February 25, 2018, 09:29:26 AM
Quote from: Mankov on February 24, 2018, 01:09:24 PM
Quote
which makes the Nano better than any other coin of course the technology itself
Send 10 Receive 10 in less than 10 Seconds
Nano is perfect for peer to peer transactions
you can buy things and instantly pay them without having to wait a long time unlike most other crypto that require you to wait for confirmation time


Bitcoin with his new Lightning Network can that, too. I`m not sure if Nano can compete with Bitcoin, when the Bitcoin Lightning Network is rolled out.  Bitcoin has the first mover advantage and nearly everbody on the planet know Bitcoin. This is why I didn`t invest in Nano.

I guess there are also other coins out there, which can compete with Nano, much cheaper and not so hyped. This was the 2nd reason I didn´t invest in Nano.

But good luck, anyway.

One huge advantage of Nano over the Bitcoin Lightning Network is the absence of fee. With Lightning network you still have to pay a fee to open a channel.


Nano has no advantage over Bitcoin there are so many bugs in the code of this coin. Maybe you are not following this project from early days so many question still unanswered and recent hack on bitgrail left a big question mark on the credibility on this project.

No fee at all > fees to open channels.
Simple as that.

hack on bitgrail left a big question mark on the credibility on this exchange. Bitgrail got hacked, not NANO, as Coincheck got hacked one month ago, not XEM.
Neither NANO nor XEM conduct a hard fork, because the exchanges got hacked, not the coins' underlying tech.

the problem though is that there were many questions about the man in the middle attacks possible on XRB before the hack. There was a big discussion about them on the forum and myself as well as others pointed out that an exchanged can be tricked by a double spend. Of course that was theoretical and until proven it's still theoretical, but  exchange owner blames this on the flaw. What we need is an official answer from the police. Was bitgrail hacked and if so how, or was the owner a crook.


The bitgrail owner wrote bad code and people were double depositing BTC and ETH. They then bought nano twice with their double deposits.

The bitgrail operator blamed the whole thing on nano, so he wouldn't be embarrassed.

It was dishonest, but not a scam. The scammers were the ones who didn't report their double deposits and used them to make buys.