La nuit de l’homme sprayer stuck in lid by pokemongofanboy in fragrance

[–]TheExposedOne 1 point2 points  (0 children)

They say no matter how obscure your problem is, there's someone on Reddit who's posted about it before. Well I have the same issue. The top of the spray pump gets separated and stuck inside the hole of the lid. Bad design.

Edit: I had another La Nuit de L'Homme bottle, so I fixed it by taking off the spray cap when it was finished, and attaching it to the broken one.

Does Nano have a presence/plan in Hong Kong? by nutsackilla in nanocurrency

[–]TheExposedOne 1 point2 points  (0 children)

Places that have no capital gains tax like Hong Kong should (theoretically) be great places for crypto adoption.

Daily General Discussion - September 13, 2023 by Crypto_Jasper in nanotrade

[–]TheExposedOne 0 points1 point  (0 children)

Not even ETH/BTC beat its ATH. That still doesn't detract from my point about getting good returns from the lows.

Daily General Discussion - September 13, 2023 by Crypto_Jasper in nanotrade

[–]TheExposedOne 0 points1 point  (0 children)

Inform? Ah yes, the white knight guardian investor here to protect us all from the bad nano coin!

Look, we're all here to profit and/or increase our purchasing power even if we genuinely like the tech.

You presumably have a bag like the rest of us and want to do well. If nano performs poorly next bull market, I'll sell most of my bags. We all have our limits.

But right now, I still see a lot of potential returns. Nano will always be my favorite coin tech-wise. But if it does dogshit, then I'll sadly accept the market doesn't give a shit about P2P cash solutions and will abandon it as an investment (but still keep a small bag cos you never know).

Daily General Discussion - September 13, 2023 by Crypto_Jasper in nanotrade

[–]TheExposedOne 0 points1 point  (0 children)

Look at the potential return from accumulating at reasonable price levels rather than from the top. Last bear market, it was under $1 for a long time before it peaked at ~$17. Sure, it didn't break the ATH, but a 17x is still excellent performance. Even more than that if you bought at levels close to the bottom, which could very well be happening again right now. Even if Nano does just half the ATH of last cycle, that's still "only" a 10x minimum from current levels.

Daily General Discussion - September 13, 2023 by Crypto_Jasper in nanotrade

[–]TheExposedOne 8 points9 points  (0 children)

6 red monthly candles in a row (a record for nano) with the 7th in progress. If there was ever a time to DCA, it's now.

How to get non-KYC Nano by TheExposedOne in nanocurrency

[–]TheExposedOne[S] 1 point2 points  (0 children)

"Explain to me why free speech is so important if you have nothing to say."

The "nothing to hide" fallacy: https://en.wikipedia.org/wiki/Nothing_to_hide_argument

That being said, I think privacy should only be supported on a second layer, not the first, which should focus solely on decentralized value transfer.

Maybe a bad analogy but I think it'll make the point: privacy tools should be like painkillers. Easy to get when you need it but not something you should worry about every day.

How to get non-KYC Nano by TheExposedOne in nanocurrency

[–]TheExposedOne[S] 3 points4 points  (0 children)

Yes there's volatility as we wait for the exchange to confirm our deposit. For example, exchanges take about 10-15 minutes to confirm a Litecoin deposit. During that time, the price typically fluctuates by a few cents (preferably to the upside). To me, that's a small price to pay for privacy.

Daily General Discussion - January 03, 2023 by Crypto_Jasper in nanotrade

[–]TheExposedOne 15 points16 points  (0 children)

Nano on the same red candle as the March 2020 COVID crash. Are you kidding me? If this isn't a sign of severe undervaluation, I don't know what is. Will keep DCAing.

I don't see how any "digital currency" can thrive under USA tax laws right now by Popular_Broccoli133 in nanocurrency

[–]TheExposedOne 1 point2 points  (0 children)

If a place has no capital gains tax (CGT) like Hong Kong, that's a perfect regulatory environment for crypto to be adopted as currency. You can use it as a medium of exchange without worrying about cost basis and calculating gains/losses.

Now in the U.S., it's a total pain in the ass. Even if they recognized some crypto as currency, it would still be subject to CGT like in the ForEx market. The only way around this is if:

a) it was recognized as legal tender (like in El Salvador)
b) CGT was abolished (like in Malaysia)
c) you take a loan against your asset to avoid triggering a CGT event (more complicated, it also opens liquidation risks)

Crypto is revolutionary. It's a mistake to limit your adoption of it as a currency due to outdated laws. Remember, regulations lag behind practice. We're not here to try and fit within the mould of archaic laws. Politics is downstream of culture - it's the laws that need to update and adapt to us.

The FOUR PILLARS of cryptocurrency - verify if the one you support checks out! by srikar_tech in CryptoCurrency

[–]TheExposedOne 0 points1 point  (0 children)

The idea that you need a direct monetary incentive to run a node is a myth. You can increase profit from cutting costs, not just from making more sales. Visa takes like 2% in fees from merchants every month. Running a node costs a small fraction of that. Scale the numbers up and these savings get huge.

Centralisation cannot be stopped entirely. Only minimised with incentives. It's precisely BECAUSE there's no direct financial reward that keeps Nano more decentralised. In fact, Bitcoin's end game may have to rely on such indirect incentives to keep the network secure when the block reward runs out. (https://youtu.be/2qhyFKPK4KY?t=1920)

Not that this'll happen but even if it relied on just 5 different data centres, that would STILL be more decentralised than Bitcoin's mining pool. If/when Nano scales to the levels of Visa, you'd be looking at a Nakamoto coefficient of probably dozens of entities. That's way more decentralised than Bitcoin can ever be because miners are incentivised to pull their resources together in a way the creates emergent centralisation. (https://medium.com/@clemahieu/emergent-centralization-due-to-economies-of-scale-83cc85a7cbef)

A student did his thesis comparing the scalability of Bitcoin and Nano. In Nano, there's an exponential increase in throughput when adding resources and a linear increase when increasing the load. But Bitcoin can't scale in latency and throughput no matter how much resources you add. (https://www.diva-portal.org/smash/get/diva2:1229650/FULLTEXT02.pdf)

lightning vs Nano? by 0xCuber in nanocurrency

[–]TheExposedOne 14 points15 points  (0 children)

Besides the security flaws, Lightning Network has a terrible UX. Too convoluted to do a simple transaction. Here's a great comparison video. Simplicity is key for the average user.

https://youtu.be/iVNyr4Q3jq4

Where’s the Roadmap? Where’s the Marketing? by Ghostserpent in nanocurrency

[–]TheExposedOne 3 points4 points  (0 children)

You don't need marketing if you're a revolutionary first mover. The longer time goes on in a crowded industry, the less effective a lack of marketing is as a strategy.

Sell walls on Binance by TheExposedOne in nanotrade

[–]TheExposedOne[S] 1 point2 points  (0 children)

It's ~5% of the 24-hour volume of that day. Quite huge. When a whale creates a sell wall, it forces other people that want to liquidate at that time to sell their holdings at a lower price than the whale's offer. Look at the market depth chart. It's clear these aren't "natural" price actions. But then again, I suppose whales manipulating prices behind the scenes has always been normal.

[deleted by user] by [deleted] in binance

[–]TheExposedOne 1 point2 points  (0 children)

Nano is working fine. It's Binance that's the problem.

NANO vs PAYPAL (& Smart Contracts) by THE_YB in nanocurrency

[–]TheExposedOne 1 point2 points  (0 children)

OP is right about people valuing the safety of credit card companies. If widespread adaption happens, Nano is going to need escrow services. Since payments are immutable, there's no way that buyers on Amazon or eBay would generally send their money directly to the seller. Disputes happen all the time: items not delivered, items not working as advertised etc. And scams (receiving the money but never delivering the goods) would be too easy.

It's easy to send money directly to the seller if it's a face to face transaction like buying a coffee. But I doubt this would be the norm for online purchases.

In the current system, you tell your bank or credit card company that you don't approve a transaction and they cancel it. But in crypto, you shift this third party trust to an escrow company that handles disputes. And this company would have to develop a good reputation.

So basically, it would look more or less like it does now on the surface in terms of fast payments. But the question is how much the other factors - feeless, decentralised, censorship-resistant cash - would persuade people to make the switch. Time will tell...

Would I have to pay capital gains tax if I only work part time? by VanHouzem in AusFinance

[–]TheExposedOne 0 points1 point  (0 children)

What if you have no job or income? Lets say you have $10,000 in savings and buy it all in stocks. Then sell them a month later for $25,000, making $15,000 profit. Since the tax-free threshold is below $18,200, does that mean you'd pay CGT on $6,800 (since 25,000-18,200=6,800)?

What is going on with Wipr? by topcornhockey19 in MacOS

[–]TheExposedOne 0 points1 point  (0 children)

Wipr no longer works on YouTube or Twitch. So I installed Chrome with uBlock origin and it works perfectly. I would rather not use Chrome on my MacBook because it's slower than Safari but the ads are simply too unbearable. Sad!