I don’t like PoW so meh

hijack resistance

How? Afaik BTC and BCH now have different blockchains so BCH doesn’t have the most miners

Too many fanboys of XMR and BCH

Cringe, y’all sound like you’re coping

You love the word “retard”, don’t you?

with pos, bad actors actively punish themselves: they have a high risk of being punished and if the chain is attacked, the crypto value will fall and they’ll lose big

It is highly centraliseable according to players with unlimited funds.

PoW as well

It also gives the rich an advantage over the poor.

You get a % of what you staked. Sounds pretty fair to me. As time goes on it gets harder to catch them, sure, but it’s the same everywhere and we have a growing economy anyways. If everyone can stake, it makes it fairer. PoW suffers from the same thing, but indirectly: 2 people in the same location will have the same costs to mine, but the one who can afford 50 miners will gain 50x the amount of the other person, and will buy more more new miners

I believe if XMR requires a second layer, then it’s not well designed by default. I would be in favor of ditching PoW. It’s much cheaper to abuse it than PoS and is an environmental disaster

Why is PoS not an option for the base blockchain? Reorgs happen because a large portion of the hashrate is controlled by a single entity. Using a second layer is a bandaid fix for the current problem

I don’t unfortunately. Haven’t really checked out Nano this far.

Since there’s no POW, the only thing required is running nodes. They have to vote though, so that’s an added load, but I don’t think it is high. Most nodes shouldn’t have to vote by default anyway because they do not have a big % of the voting power

It seems like there aren’t many public nodes currently

someone is running the blockchain at his own cost

That’s right. There’s no direct incentive to help the blockchain, unless you hold some coins, and in that case you do have an interest in doing it

very few people can do this

I would argue otherwise. This isn’t POW so costs are a lot lower, and people can ask for donations

Who is this person supposed to be? Why should I trust them?

First and the most important point: it’s NOT a privacy coin, sadly. The monero community will probably hate it, but hey, no coin is perfect, and there has to be transparent coins

Apart from that, it’s interesting because it is ecologically good (no PoW), has quick near-instant (under a second) transactions, and is fee-less (literally, transactions do not cost anything). I’m new to it, so I don’t know much as well, that’s why I wanted to get some of your opinions on it.

I like the idea behind it. It seems to solve a lot of problems with crypto not being usable in real life. Sadly, it can be tracked easily, but I see a world where it could be used in every day life because of the ultrafast and free transactions

Thanks, forgot to scroll haha

Give us your reasons

Except it’s not the only solution to have a relatively green coin with fast tx confirmation

Does it need updates though?

Removed by mod

Any more arguments? Haha

Not bothered by the lack of privacy features?

feels like there’s a huge potential for censorship or gating

Understandable. It’s a 0 tx fee, eco friendly, fast to confirm (1s) crypto

https://en.wikipedia.org/wiki/Nano_(cryptocurrency)

https://nano.org/en

Btw how do new nodes enter the system? They basically have to be whitelisted

Did you all just decide to make fun of me? :(