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TravisJames

Nanocurrency [NANO] - What is everyones thoughts?

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2 hours ago, TravisJames said:

Yes it does things differently using the Block Lattice structure and Open Representative Voting (ORV) in order to achieve faster transaction times with lower energy input while addressing the problem of centralization through economies of scale that Bitcoin will inherently suffer from through the years. I agree that Nano changes everything. There is something powerful about sending 1 Nano and receiving 1 Nano. We live in a world where most of our essential services are expected to be free and instant. Why wouldn't the future of money be thought of any differently? 

But what makes me wonder is; you see apart from nano there are many other coins which have unique advancement from bitcoin but what make bitcoin stay at top till now?

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Go through the field u fond of. I am excited by music field, there is lack of transparency, and lately found out real uniqueness on the field - Utopia. The Utopia Open Platform (UOP) is the ecosystem for the tokenized song. The UOP receives data from the existing Utopia Music Platform, which collects commercial music consumption and copyright data from numerous sources. Over the past 3 years, it has collected over 3 billion data points ‘Genesis’ will be the first application on the UOP. Through Genesis, users will be able to plug into this data to keep track of songs, compositions, artists, writers, composers, record labels, releases, radio stations, DSPs, standard identifiers and much more. Whether you are an artist, a producer, or a record label, you will be able to see where, how, when and with whom the music is performing best. Google them

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19 hours ago, selfmade said:

But what makes me wonder is; you see apart from nano there are many other coins which have unique advancement from bitcoin but what make bitcoin stay at top till now?

At the moment there is huge interest into Bitcoin and it has remained dominant because of its market visibility, first mover advantage, and large amounts of initial sunk cost in activities such as mining/institutional investment. It could take years for the market to rationalize and instead focus on the tech over price and should be a concern of every cryptocurrency user if we would ever like large scale adoption to occur. For example the average person would never expect that 'Internet money' would cost $30 to send and take 2 hours to receive. In the long-run for this space it is just not feasible. Yes L2 solutions can solve this but at the cost of decentralization which philosophically goes against the reason Bitcoin was created in the first place. Price go up is not an indication for utility and over time Bitcoin has just became a playground for millionaires and billionaires while network has become unfeasible for 99.9% of the world to transact on. It has deep liquidity as an asset which is good for them and their money and so it is where most of the money goes at the moment

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On 3/16/2021 at 5:21 AM, Zulqar1122 said:

I really dont know about too much about the nanocurrency . but i would like to say that it is known in the names of railblocks.

Ah yes that was a long time ago now. I remember that the rebranding from Raiblocks -> Nano was divisive within the community. Many thought rebranding could be detrimental to Nano's growth (and still do) while others seen it as a necessity in order to create a long-term trusted brand name. 

I personally like the rebrand to Nano as its short and concise while giving the persona of technological advancement which is fitting as Block Lattice integration and ORV are relatively knew and Nano was the first to achieve a functional chain under this system. 

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On 3/12/2021 at 3:04 PM, TravisJames said:

It is not trying to be interesting by using flashy buzzwords and creating rent-seeking activities, it is trying to solve many of the original problems for why Bitcoin was even created in the first place.

Do you know what is total cap of NANO coins and when will all be mined? Like Bitcoin has 21 Million coins to be mined until 2140, how much will NANO have as a cap, how much is mined today and when will all NANO be mined? 

Do you know? 

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2 hours ago, Phu Juck said:

Do you know what is total cap of NANO coins and when will all be mined? Like Bitcoin has 21 Million coins to be mined until 2140, how much will NANO have as a cap, how much is mined today and when will all NANO be mined? 

Do you know? 


Yes. The total cap of coins is set at 133,248,297. All coins that will ever be in circulation are already circulating and distributed. They were distributed via faucet in early 2016/2017 and anybody was allowed to claim that had internet access. No more will ever be created as with Nano there is no mining nor inflation from staking. This is a unique property of its Open Representative Voting (ORV) system. Hope this answer helps!

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On 3/14/2021 at 3:58 PM, Honey Warraich said:

Nano currency is awesome particularly in sending Crypto money as you'll not get any charges when utilizing this coin which is excellent for sending Crypto cash between wallets

Yes I agree it is. Nano also has the advantage of being the only barrier free decentralized cryptocurrency as there are no account minimums or fees to send the currency. 1 Nano can be broken down to 30 decimal units and 1 Nano always equals 1 Nano. This means no dust wallet accounts should really ever exist as is the case with many other cryptocurrencies. It has the most potential in 3rd world countries where even cents can make the difference for income creating the potential to bank millions of currently unbanked people across the world. A true digital P2P currency for everyone.

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In my opinion, the nanocurrency is the same as many cryptocurrencies, after dealing with many cryptocurrencies, my confidence in these currencies decreased, so I only deal with well-known and well-known currencies for a long period of time, meaning that it has a value that is effective over a long period of trading in it and has proven its worth. Deal

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curious to discuss UOP. There is lack of transparency on music field, not many favs on the field. The Utopia Open Platform (UOP) is the ecosystem for the tokenized song. The UOP receives data from the existing Utopia Music Platform, which collects commercial music consumption and copyright data from numerous sources. Over the past 3 years, it has collected over 3 billion data points ‘Genesis’ will be the first application on the UOP. Through Genesis, users will be able to plug into this data to keep track of songs, compositions, artists, writers, composers, record labels, releases, radio stations, DSPs, standard identifiers and much more. Whether you are an artist, a producer, or a record label, you will be able to see where, how, when and with whom the music is performing best

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I like the currencies which it has a low fees because it decrease the commissions which is taken by the platforms and one my friends invest in this currency so I am so excited for this currency.

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Just came to drop a link to another thread that is focused on trading Nano and peoples opinions on projected price action to expect over time. If you are interested or have your own Graphs/Analysis to contribute you can find the thread on CryptoTalk here: https://cryptotalk.org/topic/351265-thoughts-on-upcoming-nano-price-action-over-time/. All sentimental analysis and projected price action be it bearish or bullish are welcomed!

 

Cheers!

 

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On 4/13/2021 at 10:21 AM, chris smith said:

I like the currencies which it has a low fees because it decrease the commissions which is taken by the platforms and one my friends invest in this currency so I am so excited for this currency.

True thats one of my favourite things with Nano. No fees so it is extremely easy to move funds around between different platforms while also being hard to justify a high withdraw fee. More money saved into users pockets rather than towards rent-seekers.

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On 4/23/2021 at 1:06 PM, Tesla said:

With such a good feature such as making it dee less then this might be a very good currency especially as it has something special and in no time so many people will start using this currency. Such projects as good as this one can act as an investment opportunity

For sure. Its one of the few cryptocurrencies I have on my radar that I truly believe will stand the crucial test of time.

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On 3/16/2021 at 5:21 AM, Zulqar1122 said:

I really dont know about too much about the nanocurrency . but i would like to say that it is known in the names of railblocks.

Yes Nano was originally known as Raiblocks but there was a rebranding in 2018.

Long-term I think the rebranding was a good choice, but short-term is was a little devastating towards Nano's visibility and caused some confusion among investors. 

One problem with the rebranding was how generic the word Nano is due to advancement in other fields of technology that had nothing to do with cryptocurrency. This made is difficult at first to gain any SEO ranking as people would inevitably be shown searches to do with Nano Technology instead of Nano currency. Thankfully this problem has been fixed over time and now when someone googles Nano the first thing that pops up for search results is the official Nano website.

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However, the fear of low inflation and a sharp yen appreciation deters the BoJ from raising the interest rate and narrowing the gap with other major global currencies' rates. A strong yen would harm national exporters. The decline in industrial production, which fell by -0.1% in April both month-on-month and year-on-year, does not encourage borrowing costs to rise.   The last note of the week for USD/JPY was struck at 157.25. United Overseas Bank (UOB) analysts believe that in the next 1-3 weeks, "the dollar has the potential for growth, but given the weak upward momentum, any advancement is likely to be slow. The 157.50 level might be difficult to overcome, and resistance at 158.00 is unlikely to be reached in the near future."   Speaking of the average forecast of experts, only 20% indicate a southward direction, while the remaining 80% adopt a neutral position and look east. Technical analysis tools show no such doubts or disagreements. Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. On 23 May, the US Securities and Exchange Commission (SEC) approved 19b-4 applications from eight issuers of spot exchange-traded funds based on Ethereum. (According to JP Morgan experts, this was dictated not by a desire to support digital assets but by a political decision aimed at supporting Joe Biden ahead of the US presidential elections.) Whatever the true reason for this regulatory move, everyone is now interested in where Ethereum prices will go. The newborn ETH-ETFs can only start trading after the SEC approves the S-1 applications. According to Bloomberg analyst James Seyffart, this could take "weeks or months," although it is very likely to happen in mid-June. According to DeFiance Capital CEO Arthur Cheong, Ethereum's price could rise to $4,500 even before trading begins. CCData analysts believe that within 100 days of the launch of ETH-ETFs, the price could reach $5,000 per coin. This forecast is based on linear regression and the price statistics of bitcoin after the launch of spot BTC-ETFs. CCData's analysis assumes that inflows into similar Ethereum funds will be at least 50% of inflows into Bitcoin-ETFs, which means about $3.9 billion over a 100-day period.   Popular analyst Lark Davis has forecasted future growth for bitcoin to $150,000 and Ethereum to $15,000, explaining such a sharp price increase by the emerging market dynamics. The main reason for growth, Davis also cites spot BTC-ETFs, to which ETH-ETFs will now join. This will further fuel the cryptocurrency market's enthusiasm. Currently, spot BTC-ETFs hold 1,002,343 coins (≈ $68 billion), which is about 5% of the circulating supply of the flagship asset. Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
    • 🚀Join $20 000 000 Cryptodrop 🚀Collect points to get BFG rewards 🚀To the Moooon!    If you are interested, click here 👇
    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
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