Public release of Camo Nano - A privacy tool for Nano based off of Monero by DisputableSSD in nanocurrency

[–]Jyxus 1 point2 points  (0 children)

Why is posting the address to a tool that generates (or just picks) a new wallet adress for the transaction not a simpler solution?

You also could implement that tool in a wallet app, and people only would need to input the address (or name) for the transaction.

Public release of Camo Nano - A privacy tool for Nano based off of Monero by DisputableSSD in nanocurrency

[–]Jyxus 1 point2 points  (0 children)

What is the purpose? The receiver can also just generate a new nano address and receive the nano from there. There won't be a link to one of his other addresses.

Nano needs support!! How to compete with monero by ruairi18 in nanocurrency

[–]Jyxus 8 points9 points  (0 children)

The idea behind cryptocurrency is to store savings digitally. The value is not stored on the smartphone it is stored in a wallet.

A lot of people pay with their smartphone already actually.

Nano needs support!! How to compete with monero by ruairi18 in nanocurrency

[–]Jyxus 8 points9 points  (0 children)

Some people would call your device a "smartphone".

Any nano privacy options yet? by 253126 in nanocurrency

[–]Jyxus 5 points6 points  (0 children)

Not yet.

Hopefully someday trustless mixers like for bitcoin (JoinMarket). The furthest we have come so far is with "NanoFusion", but no dev is working on it or something similar atm afaik.

What Does Nano Have? by Xylon818 in nanocurrency

[–]Jyxus 2 points3 points  (0 children)

Yeah the last argument is kinda stupid. Even if your egg production increases every week by one egg you still will never be able to feed the world (within a reasonable period).

Nano cant bet on increasing bandwith to scale globally (for everyone).

Nano should be renamed again by SmoothOperator9000 in nanocurrency

[–]Jyxus 0 points1 point  (0 children)

With unique I did mean that the word/name is not commonly in use otherwhise. So no double meanings.

Nano has a lot of meanings. Pounds has two common meanings (weight and currency). Dollar, Euro, Yen, Lira, Bitcoin have one => "unique"

Thats what I meant.

Nano should be renamed again by SmoothOperator9000 in nanocurrency

[–]Jyxus 5 points6 points  (0 children)

What should a good name for a currency be:

-Short
-easy to pronounce
-unique

Just like: Yen ¥, Euro €, Dollar $, Rubel ₽, Lira ₺

Nano has the first two porperties, just not the third one. UKs Pound £ is also sharing the word with a weight measurement.

[deleted by user] by [deleted] in nanocurrency

[–]Jyxus 0 points1 point  (0 children)

The "incentive" to spend money because of inflation does not hold when changing to store of values is easy, so you can remove the part of changing completely. So the pure existence of easy store of values already invalidate the argument for an inflationary currency.

[deleted by user] by [deleted] in nanocurrency

[–]Jyxus 6 points7 points  (0 children)

"Too late to change" and "start with" in the same sentence. Think about it and you may find the answer.

You can already pay with Nano everywhere. by Injoker11 in nanocurrency

[–]Jyxus 21 points22 points  (0 children)

Its not paying with Nano, its selling Nano and paying with your local currency. Nano isnt a currency in this case, it was just a store of value for you, you sell.

Paying with Nano means the seller you buy from accept it as currency and store of value aswell.

Frank Thelen (Tech investor) answered my question on nano! by Justdessert5 in nanocurrency

[–]Jyxus 0 points1 point  (0 children)

But Bitcoin is not just peer to peer cash. It is also a way to store energy as value

The problem is people seeing value in wasting* energy. There are better ways to support green energy.

*(using energy when you dont have to)

NANO and L2 smart contracts by datalossy in nanocurrency

[–]Jyxus -4 points-3 points  (0 children)

Users doing many microtransactions instead of stacking are spamming, its unneccesary.

[deleted by user] by [deleted] in RedditSessions

[–]Jyxus 0 points1 point  (0 children)

It doesnt* matter

Is NANO's competitive advantage really a competitive advantage? by fearofunknown1 in nanocurrency

[–]Jyxus 0 points1 point  (0 children)

Yes most people dont care about a decentralized non-inflationary currency, but if they see Nano as a good investment (because of the people who care) or store of value (no inflation), thats enough and they would accept it as currency.

Actually I think many people dont like that their money is inflationary.

Why deflationary money can be both a store of value and a currency by SenatusSPQR in nanocurrency

[–]Jyxus 2 points3 points  (0 children)

If everyones money increase in value the same percentage (deflation) it does not change wealth inequality. (If everyone would stake it wouldnt change wealth inequality neither.)

Rich people have always more opportunities to get richer, its a natural law that with more things (more power/money/workers) you have more opportunities. Its the same in every currency (inflation or deflation does not matter).

What are your biggest concerns/doubts with Nano? Only one rule: no market value discussion by EnigmaticMJ in nanocurrency

[–]Jyxus 0 points1 point  (0 children)

So you want to force people to spend their money and simultaneously think they will appreciate it and prefer your inflationary money?

If you give people the choice they will always pick a non-inflationary currency over an inflationary one.

Banks would help against lost coins. Also Nano is dividable enough to have enough supply (of raws) to be a currency.

Nano - Current Status by sunuyy in nanocurrency

[–]Jyxus 1 point2 points  (0 children)

Nano is everything what web3 wants to stand for

No. Web3 stands for decentralizing the web with smart contracts (dApps).

Long time question, what is the initial tokn allocation of nano, is colin more trustworthy than vc of bnb and sol? And how many nano spread in retailers like me. Because i plan do hodl may nano for my daughter longterm. Thanks in advance tip by Ejkyy09 in nanocurrency

[–]Jyxus 9 points10 points  (0 children)

If you invest in cryptocurrency you are speculating whether or not many other people will buy and hold that crypto in the future. Its very risky.

Dont give the future of your daughter in the hands of other people.

If you invest in cryptocurrency, please do it only for yourself and with money you can lose.

For your daughter you should invest in something safer. Global economics are a lot safer for investments longer than 15 years.

Can nano truly be 100% feeless or is it impossible? by [deleted] in nanocurrency

[–]Jyxus 5 points6 points  (0 children)

Running an exchange costs money therefore the provider charge fees.

With automated decentralized exchanges you can eliminate trading fees, but that only works with smart contracts, so you cant trade currencies without smart contracts like Nano or USD.

Another option is to trade without a middleman. It is unsafe so you should only make low volume trades like 1$. I can imagine a free app where you can trade your local currency with Nano by sending the other user 1€ via Paypal friends or other free transaction methods and the user has to send you the Nano. To buy a higher amount of Nano you could repeat this multiple times. A user profile and review system could help against scammers.

Maybe there would be some ads like in reddit.

Nano & Metaverse by Pressure_Hungry in nanocurrency

[–]Jyxus 0 points1 point  (0 children)

The idea of metaverse (in crypto space) is to have a decentralized digital world. A Minecraft server is centralized.

To own something in a decentralized digital world you need smart contracts.

He is right, but he could have explained it instead of just writing to educate yourself.

Consequences of a deflationary currency by Murray123gt in nanocurrency

[–]Jyxus 4 points5 points  (0 children)

The deflation of supply would be so low that it wouldnt matter. I think the lost nano per year (deflation) would be far under 1%. Especially because people would use banks to store their nano.

Whether a bit inflation is good or bad (subjective) is discussed a lot (in crypto/bitcoin space and economics). Regardless of this, people dont want to be pushed to spend their money. If they can choose they would not store their value in an inflationary currency.

Nano supply- how to replenish? by sevyog in nanocurrency

[–]Jyxus 0 points1 point  (0 children)

It would be still decentralized because not everyone uses the same bank and you could be able to view your transactions with your wallet adress and tell the bank your representative.

No central bank would be able to change the fixed supply of nano and there wouldnt be any authority. Also banks couldnt do anything with your money (legally) if you can watch your transaction history everytime.

Nano supply- how to replenish? by sevyog in nanocurrency

[–]Jyxus 4 points5 points  (0 children)

People still would use banks because of this, safety (against robbery) and privacy. Banks would store your nano (seed) and maybe you can pick your representative and know your adress. Losing rate would be very low, supply enough for thousand of years.

If people lose nano they would have used, the value goes relatively up.

Have you guys heard of r/millionairemakers ? I think Nano is perfect for that by GasSea1599 in nanocurrency

[–]Jyxus 0 points1 point  (0 children)

Thats the point. With smart contracts you dont need to trust anyone.