Twitter Handle, Phil Goodman, expressed, Nano is the most efficient digital money that exists in the world today. + Zero-fee, near-instant, global Medium of Exchange + 0% inflation, lightweight Store of Value + in-built Tokenomics that push further decentralization + open-source + revolutionary tech + eco-friendly.
One of the community members stated, I agree with the lots of qualities Nano has, but unfortunately doesn’t have the network effect like other coins.
In response, Phil Goodman stated, Ultimately Technology will beat memes and hype. Just be patient and win. It may not be always easy, but it will be incredibly rewarding.
Someone stated in an attempt to state the Nano code was copied: “What is an open-source blockchain? Does it mean that we can copy the implementation of the blockchain to create a new one?”
In response, Phil Goodman stated, you can go to Github right now and audit the code yourself, or even fork it. Further stated, Nano is unique. Minimal complexity, highly innovative design for maximum performance; specialized for its use-case as a decentralized digital money network.
Someone who seems to have understood the ecosystem stated: We are actually talking about a very vital and important project, perhaps more than Bitcoin. Not many people know that this currency is really one of the most important currencies today. And that the future holds many surprises for her Wait for a lot of good news.
When asked if Nano has smart contracts, the reply was: No smart contracts. In terms of financial transaction assets, Smart contracts actually are a hindrance. If you own assets with more “profitable” use-cases than simple financial transactions, those other use-cases will always drain resources from the Medium-of-Exchange use-case.
Someone said, I have researched about Nano, tell about its payment app execution to the real word, And what will the project team get to continue developing it if its transactions are free?
When asked about A Sybil attack on Nano stating, DAG is good concept, but this little thing must be fixed? The reply was, “How would you get to have >67% of all online voting weight delegated to your nodes? Seems quite impossible to me to do that.”
A counter-argument: Nano doesn’t run blockchain like BTC, NANO protocol easily can be disrupted by any external hacker, flooding the network, if NANO developers doesn’t address this matter, it will be so risky to adopt this currency as real digital method of payment.
I like Nano, just expressing concern about this little flaw, don’t confuse Sybil attack with 51% attack. Any hacker with a couple tricks can spam and disrupt NANO network, delaying operations and putting the participating nodes out of sync from the participating nodes.
