Today is a sad day. I’ve sold half of my NANO stack.
Today is a sad day. I've sold half of my NANO.
Nano is a project I believed in – it promised so much. But the lack of real-world adoption always nagged at me, I couldn't work it out.
I think I've realised the reason. NANO is deflationary, so it's never going to be used as a medium of exchange, which is its primary purpose. Instead, it's going to be used as a store of value, completely undermining its primary benefits.
It doesn't matter if it's fast, feeless, and green, if no-one is actually going to be transmitting it. If they're hoarding it, it may as well be Bitcoin. And this is where the problem lies: it's simply a direct competitor to Bitcoin. The benefits of NANO won't be enough to displace Bitcoin, so in my mind NANO serves no purpose.
It's a massive shame. They should have made it inflationary. Only then could it have ruled the world.
Edit: Wow, there's a LOT of emotion surrounding this coin. I applaud those who have taken the opportunity to have a discussion. Those who have taken the opportunity to scold and mock, not so much applause.