Nanocurrency [NANO] - What is everyones thoughts?

[selfmade 7]

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?

[yteruuy 2]

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

[TravisJames 14]

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

[Zulqar1122 98]

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.

[TravisJames 14]

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. 

[Phu Juck 18]

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? 

[TravisJames 14]

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!

[TravisJames 14]

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.

[Kristaal 817]

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

[vavueje 0]

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

[chris smith 950]

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.

[TravisJames 14]

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!

 

[TravisJames 14]

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.

[TravisJames 14]

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.

[TravisJames 14]

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.