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by nosuchthing 3040 days ago
Nano (aka Raiblocks) is basically a scam.

How was the supply produced and distrubited? https://raiblocks.net/page/frontiers.php?limit=100

Nano/Raiblocks were created from software, a reproducable distributed database protocol. Except in the case of Nano, the vast majority of the tokens are in control of the owners with a few being given away to the public for clicking captchas.

https://www.youtube.com/results?search_query=raiblock+captch...

Consider, anytime you buy a cryptocurrency it means someone else is trying to cash out...

2 comments

I don't agree, but I do think it's very wise to be suspicious of coins and their distribution mechanism.
> Except in the case of Nano, the vast majority of the tokens are in control of the owners

Do you have evidence of this?

What evidence is there 90% of Nano distribution isn't owned by a single person?

This is a major aspect of transparency in decenteralized p2p protocols, and the issue with Nano is there's no paper trail or proof that the devs didn't take all the supply.

We do know 13% of all Nano in circulation was stolen in the Bitgrail hack.