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by sireat 3017 days ago
Endorsements and nifty tech are nothing without actual use.

Nano suffers from the same problem that 99.9% of cryptocurrencies suffer from: no useful information on how an average person might actually USE it.

Google brings various ways you can BUY Nano in order to speculate. I want to see real world usage, I want to buy VPN/Hosting/Alpaca Socks using Nano.

PS Nano is also 100% pre-mined which means one would have to investigate on who holds what percentages of these pre-mined coins. (case in point: Ripple)

3 comments

There are a lot of merchants that accept Nano and this number is rising very fast. Check this link: https://www.reddit.com/r/nanocurrency/comments/83w51x/25_mon...
Funny fact, there is a VPN provider accepting Nano, there are hosting providers accepting Nano, there is even a sport socket shop accepting Nano (sadly no Alpaca from what I know) In regards to premine, yes it was premined, but because 95% were distributed by the captcha faucet, 5% went to the dev fund. Since the nano protocol does not need miners it was in my eyes a pretty good idea to get even non crypto people on board.
https://trends.google.com/trends/explore?q=raiblocks https://www.statista.com/statistics/268225/countries-with-th...

You do not see it because you likely fall outside of the demographic of cryptocurrency first users: businesses and citizens in countries facing hyperinflation, black markets, gambling, porn users seeking anonymity, legal pot businesses in the west cut-off from traditional banking in the west, legal porn businesses cut-off from traditional banking in the west.

Bear in mind there is a lag in adoption of the best technology. Just 4-5 months ago bitcoin was still the dominant currency on darknet markets, now it is monero.

See, I remember the huge growth in merchant adoption in 2013 for Bitcoin and how for a moment in time Bitcoin was useful as a currency. I actually used Bitcoin back then from my 2011 minings.

Now I agree that there is a niche for Monero in black markets.

Then there should be a huge opportunity for some crypto currency to take over Bitcoin in the role as a medium of exchange for general public.

Thus it really irks me that I am not seeing these supposedly revolutionary crypto currencies attempt to do anything useful.

Why doesn't any cryptocurrency focus on usability for a regular audience first?