Hacker News new | ask | show | jobs
by n1231231231234 2883 days ago
Remember when you got a piece of technology that felt like magic? Like 'this is what the future feels like'?

I had that feeling again when I first used Nano. A friend of mine and me, we got the wallets and kept sending Nanos back and forth, just because. 2s per transaction, no fees. It blew our minds.

Not to shill Nano. It might well be the case that Nano won't be occupying this space of near-instant and feeless transactions. But _something_ definitely will, and it will happen rather soon.

1 comments

> A friend of mine and me, we got the wallets and kept sending Nanos back and forth, just because. 2s per transaction, no fees.

LINE Pay (a local service trying to recreate the success of WeChat Pay) used that as an ad campaign. "Just flick 10 cents back and forth between your friend to see how quick and seamless the service is" [and get free stuff because of course it's an ad campaign] https://www.youtube.com/watch?v=OwDM0oKCgbE

Both Line Pay and WeChat Pay are centralized systems, nothing magical about them.
To the end user, what difference does it make?
In a decentralized system no goverment or private entity can freeze your money. Your financial status cannot be used against you from getting financial services.
A decentralized system is more likely to continue for a long time where if run by a single company, it could be shut down or changed very quickly.