[devinus]

I'm one of the core developers for Nano[1] (formerly called RaiBlocks). It's one of only a handful of cryptocurrencies with an actual working product available today that does everything it claims to do: Instant transactions with zero fees on a green network that could be powered by a single wind turbine.

Despite what I see as it's massive potential for things like micro-transactions, global remittance, arbitrage across exchanges, a development platform for payments and functioning as an actual currency (i.e. a medium of exchange, what you send is exactly what the other person gets) -- the market does not reflect this reality at all right now. There are several projects that are objectively scams with higher market caps than Nano.

To me this reflects that the market is completely irrational right now. I knew as early as January that there was going to be a reckoning, but until some of these coins and tokens that are going nowhere are shaken out projects will just have to stand on their own merits and prove that they're valuable.

[1]: https://nano.org/en

[atomical]

It's not working because it's impossible to use Nano as currency when it has so much volatility. Imagine sending your friends $10 and they only receive $9.

[DSingularity]

That’s actually not true. Even if the volatility were that extreme, you could easily mitigate it.

At this point you are just saying anything that comes to mind and is negative without putting in thought.

[devinus]

That might be a valid criticism against e.g. Bitcoin with a 30 minute confirmation time, but if you send your friend $10 worth of Nano they'll have $10 worth of Nano by the time they receive it, ignoring whatever they decide do with it.