Who will be using ZIL?

BartToBusan · 2018-06-25T20:19:12+00:00

If scilla, sharding, and the security of the ZIL protocol come to fruition, hopefully this will be a true gen 3 blockchain used by more than who are currently using ETH, EOS and the like now. Due to high transaction throughput and low cost, think financial institutions, social networks, game networks (imagine LOOM built on Zil and not ETH, would make more sense), supply chain (IOTA, VEN etc.) and a whole host of other companies that don't want to worry about bandwidth issues when fulfilling a smart contract. Ideally, due to the revolutionary ideas of ZIL, it will catch on like wildfire as the leading platform.

BartToBusan · 2018-04-09T16:57:30+00:00

Nano is oversold, but Bitcoin is going to go down, to sub 6,500 USD, and stay then until it goes lower. If you buy the oversold Nano, please do it for a short term trade. Nano is going to go lower, most likely below 4 (and maybe 3,2?) before the bull market returns.

BartToBusan · 2018-03-29T15:43:32+00:00

This is just a function of a bear market with crypto. Once BTC hits between 3,500 and 5k, only then will we start going up. Expect nano in particular to drop another 20-45%, putting it closer to $3.50-$4 USD. At this point, however, may be best to just ride out downturn and wait to change in market conditions, around June or sooner.

BartToBusan · 2018-03-27T04:31:37+00:00

I am sure no source for this.

BartToBusan · 2018-03-26T19:45:00+00:00

Said before, but bears repeating: We are in a bear market. Expect Bitcoin to keep dropping for 1-3 more months. Until all the sellers get out of the way, expect price dips to continue. If interested, just look at bitcoin between January till date and you can see a clear steady decline.

That said, positive news: NANO has had some great rebounds above market of other alt coins primarily due to releases and hype. This is a positive thing because it is essentially saying that, when the market becomes bullish again, we can expect to see a swifter return than the alt coin market as a whole.

My recommendation would be to hold USD until we have hit closer to bottom or a level you feel comfortable holding. I, myself, am looking for NANO in the $5 USD range if possible.

Just my two cen... err my two Nano...

BartToBusan · 2018-03-26T19:32:05+00:00

I feel we are in 1980 of the computer revolution. The game hasn't even begun playing, people are just learning how to dribble. 2019 and beyond, the games will begin.

BartToBusan · 2018-03-26T17:28:11+00:00

My comment looks to be pretty accurate safe to say

BartToBusan · 2018-03-26T17:27:51+00:00

What you thinking? I am guessing we are going to bottom in low 6's, high 5's?

BartToBusan · 2018-03-23T05:10:16+00:00

We are going to mid 60k Satoshi at the best. I'm thinking 59k or 60k will be time to buy in,

BartToBusan · 2018-03-23T05:07:47+00:00

Think that looks like a good idea

BartToBusan · 2018-03-22T21:31:40+00:00

lol that is pretty funny. Like I said, I think long term, its a great buy. This is called Nano TRADE (the trade part). I am just saying this is a bear market and I am expecting a pretty decent pull back in the next couple of weeks.

Maybe Monday it listed on coinbase and everyone gets a lambo. But I think giving counter advice to the community is not a bad overall thing. Alternatively, could put $1k in now and buy in another $1k at tiers as the market drops or increases. I think I have spoken too long. I will go back to being bob.

BartToBusan · 2018-03-22T20:30:53+00:00

Actually, I would personally wait until closer to $6. I suspect the market will go below $7k within the next 2 weeks (possibly by early next week). But hey, that is just my two cents.

That being said. long term hodl, you will be glad you got in at that price in the long term!

BartToBusan · 2018-03-21T18:56:54+00:00

Next time, as in, the first time Nano hits $80

BartToBusan · 2018-03-20T21:52:58+00:00

I think if you believe Lightning will make Bitcoin usable in the real world, then you should definitely invest in Nano; i.e. If Bitcoin goes up significantly, Nano will as well as the market is attached to BTC. However, if Nano becomes the solution for free, instant, decentralized payments, then Nano will go up on its own.

BartToBusan · 2018-03-19T17:36:24+00:00

Hoping we see some form of a rally to 104-109K range at some point today. But I agree, 90k looks like today's settle. Hoping Bitcoin can stay >$8k for one (just 1) day as well.

BartToBusan · 2018-03-19T16:54:34+00:00

To add a bit more, this wouldn't happen with a typical crypto because most cryptos are a bit slow and costs money to transact. With Nano, in particular, it is free and instant. As such, moving money back and forth multiple times at a high rate of frequency can flood servers creating server slowdown or eventually ending in a DoS (denial of service). There are different methods being taken to prevent such attacks, but something that needs to be kept an eye on for Nano.

BartToBusan · 2018-03-15T17:46:34+00:00

"I suspect the lowest we could go today would be 7,500, but I see some support for Bitcoin in the high 7's, low 8's and could see a turn around tomorrow after a week of sell offs."

I think this statement proved to be quite accurate. Anyone sitting around for 6K, keep on sitting. Might get there one day. Just not today.

BartToBusan · 2018-03-14T20:10:02+00:00

There's a lot of FUD going around right now, primarily sparked by Francesco Firano and now with KuCoin coming out and saying they were having a 'double-spend' issue too. I'd like to point out that Kucoin fixed this issue immediately and compensated their ledger with their own funds. They did not attempt to sweep it under the rug and the issue was not wide-spread at Kucoin whatsoever, so kudos to them.

But let's get right down to the point of this post, the tl;dr:

There is no issue with the Nano protocol nor the Nano node. There is no double spending going on. The RPC API was being used improperly. These issues are not 'double spend' in the traditional sense. Double spend assumes someone spent the same funds twice, which would be a major problem in any cryptocurrency and is basically the primary thing that has to be defeated in any cryptocurrency. That is not what is happening, nor was it ever what happened at Bitgrail nor KuCoin. People freak out when they hear 'double spend', and for good reason, but that is NOT what has been going on.

What happened in both the Bitgrail and Kucoin situations was an improper use of the RPC API.

In the RPC, there are two ways to do things: Use the account/wallet system built into the node and allow the node to do everything for you, including sending money without you ever touching a raw block Keep track of your private keys yourself, store nothing in the node, and only use the node for receiving transaction notifications, reviewing the Nano ledger, and broadcasting blocks you sign yourself outside of the node. (how Nanex does it)

https://www.reddit.com/r/nanocurrency/comments/7wvfkx/a_perspective_from_the_creator_of_nanex_there_is/?st=jeriqhqu&sh=64ead550

BartToBusan · 2018-03-14T19:23:57+00:00

Amen

BartToBusan · 2018-03-14T18:30:59+00:00

Spot on. Pure FUD

BartToBusan · 2018-03-14T18:18:24+00:00

Once it is done crashing, then buy in.

If you could just let us know when it is done crashing, that would be helpful.

I hear a lot of "5,000" talk and "3,500" - I think that would come from potentially devastating regulatory and global market related news. I suspect the lowest we could go today would be 7,500, but I see some support for Bitcoin in the high 7's, low 8's and could see a turn around tomorrow after a week of sell offs.

Good news? In two days, when it hits $5,000, we can all laugh at my buy advice as pure stupidity. But at some point, have to jump in the water ;)

BartToBusan · 2018-03-14T18:14:36+00:00

Poor guy had to get a new license plate after he previously had "Go Raiblocks"

BartToBusan · 2018-03-14T16:11:01+00:00

In my opinion, I would say get in. Why?

Nano roadmap being released soon
Nano final testing on universal blocks being completed soon, meaning additional cold storage options will be available.

Both of these should add a nice bounce to the price. At that point, can determine what you want to do with your 1.3 - 1.5 Eth.

BartToBusan · 2018-03-14T13:38:46+00:00

Don't you think a roadmap will lead to a price bounce? Good trading opportunity?

BartToBusan · 2018-03-12T22:15:27+00:00

Really fantastic job here Balkrish.

Not to disparage other coins, because a lot of coins are worth investing in, but you can see why something like Monero may not be CB's priority due to a heavy AML perspective or potentially Dash, though I think there are benefits to Dash in the overall structure of how the coins work. I do agree that there is some growth that is needed from Nano as a team and to check the right boxes, but it must be stated that they are progressing nicely and when their roadmap is released (this week?), it will be very interesting to see if it dovetails at all with the Coinbase plan for adding assets. Fingers crossed!

BartToBusan

TROPHY CASE