[ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments

[thelema93]

"Bitcoin sucks by the way. It is slow, it can cost $20 to send some, people spam it and kill the network all the time. Even doge is better."

This was true a few months ago.
The latest Bitcoin Core 0.16.0 has segwit by default. Faster, and low fees.
I'm not sure how anyone is paying $20 fees now?! you must be doing something wrong. I regularly see payments worth over $10,000 and the fee is less than 50c. The days of high fees are over my friend.
https://bitcoin.org/en/release/v0.16.0

[djpitagora]

which makes the Nano better than any other coin of course the technology itself
Send 10 Receive 10 in less than 10 Seconds
Nano is perfect for peer to peer transactions
you can buy things and instantly pay them without having to wait a long time unlike most other crypto that require you to wait for confirmation time

Bitcoin with his new Lightning Network can that, too. I`m not sure if Nano can compete with Bitcoin, when the Bitcoin Lightning Network is rolled out.  Bitcoin has the first mover advantage and nearly everbody on the planet know Bitcoin. This is why I didn`t invest in Nano.

I guess there are also other coins out there, which can compete with Nano, much cheaper and not so hyped. This was the 2nd reason I didn´t invest in Nano.

But good luck, anyway.

One huge advantage of Nano over the Bitcoin Lightning Network is the absence of fee. With Lightning network you still have to pay a fee to open a channel.

Nano has no advantage over Bitcoin there are so many bugs in the code of this coin. Maybe you are not following this project from early days so many question still unanswered and recent hack on bitgrail left a big question mark on the credibility on this project.

No fee at all > fees to open channels.
Simple as that.

hack on bitgrail left a big question mark on the credibility on this exchange. Bitgrail got hacked, not NANO, as Coincheck got hacked one month ago, not XEM.
Neither NANO nor XEM conduct a hard fork, because the exchanges got hacked, not the coins' underlying tech.

the problem though is that there were many questions about the man in the middle attacks possible on XRB before the hack. There was a big discussion about them on the forum and myself as well as others pointed out that an exchanged can be tricked by a double spend. Of course that was theoretical and until proven it's still theoretical, but  exchange owner blames this on the flaw. What we need is an official answer from the police. Was bitgrail hacked and if so how, or was the owner a crook.

[Borbax]

Congrats for all the guys who bought around $6 and almost tripled last week end.

If Coin is bullish in bear market than we should be very careful,what will happen in bull market.

All guys who made huge profits,will sale and invest in other coins which are still in bear market to increase portfolio.

For any coin/token healthy growth is most important than fake news like Coinbase adding or others.

So If you still believe this will be keep sky rocketing,just HODL if you want to take profits just take and wait to re-invest until it stabilize at around 0.00100--0.001200.

Yes, Congratulation to all people who bought it low price, but I want to tell you I bought it in the Mercatox @15.30 USD, I trust the people who said that 
will be moon after listing in the binance, the fact is price dump now. 

You trusted ppl who said... Gratulations.
Anyway, what happened with the price was due to the theft of about 10% of all Nanos, and then selling it on Binance. That's really simple.

[friera]

It is an interesting project... but the whitepaper link is not working, can you share it please?

[BarkingHawk]

Is there an eta on when the android wallet will be finalized?  I really don't like using betas and a mobile wallet would come in handy.

[LemonAndFriesOne]

Some of us are willing to run 24/7 nodes just so everyone else can enjoy this tech.

Don't underestimate the power of the few willing to do something out of pure altruism for the better of everyone else.

It's not like running nodes will cost thousands a week, if everyone chips in a little we are seeing cents a day for running a node.

I just wish the node running was easier, like a list that tells you which nodes are active or not active. Anyone know of such lists?

[Borbax]

I do not underestimate goodwilled ppl. I simply know there is a lot more of those, who want to be paid for running a node;)

[Colonel Crouton]

which makes the Nano better than any other coin of course the technology itself
Send 10 Receive 10 in less than 10 Seconds
Nano is perfect for peer to peer transactions
you can buy things and instantly pay them without having to wait a long time unlike most other crypto that require you to wait for confirmation time

Bitcoin with his new Lightning Network can that, too. I`m not sure if Nano can compete with Bitcoin, when the Bitcoin Lightning Network is rolled out.  Bitcoin has the first mover advantage and nearly everbody on the planet know Bitcoin. This is why I didn`t invest in Nano.

I guess there are also other coins out there, which can compete with Nano, much cheaper and not so hyped. This was the 2nd reason I didn´t invest in Nano.

But good luck, anyway.

One huge advantage of Nano over the Bitcoin Lightning Network is the absence of fee. With Lightning network you still have to pay a fee to open a channel.

Nano has no advantage over Bitcoin there are so many bugs in the code of this coin. Maybe you are not following this project from early days so many question still unanswered and recent hack on bitgrail left a big question mark on the credibility on this project.

No fee at all > fees to open channels.
Simple as that.

hack on bitgrail left a big question mark on the credibility on this exchange. Bitgrail got hacked, not NANO, as Coincheck got hacked one month ago, not XEM.
Neither NANO nor XEM conduct a hard fork, because the exchanges got hacked, not the coins' underlying tech.

the problem though is that there were many questions about the man in the middle attacks possible on XRB before the hack. There was a big discussion about them on the forum and myself as well as others pointed out that an exchanged can be tricked by a double spend. Of course that was theoretical and until proven it's still theoretical, but  exchange owner blames this on the flaw. What we need is an official answer from the police. Was bitgrail hacked and if so how, or was the owner a crook.

The bitgrail owner wrote bad code and people were double depositing BTC and ETH. They then bought nano twice with their double deposits.

The bitgrail operator blamed the whole thing on nano, so he wouldn't be embarrassed.

It was dishonest, but not a scam. The scammers were the ones who didn't report their double deposits and used them to make buys.

[kamiyama]

Questions about Nano (from Charlie Lee)

https://www.reddit.com/r/nanocurrency/comments/80c6fg/questions_about_nano_from_charlie_lee/duv6p15/

[LemonAndFriesOne]

I do not underestimate goodwilled ppl. I simply know there is a lot more of those, who want to be paid for running a node;)

Well won't future gains of mass adoption of XRB essentially pay for running a node for those getting early on? I mean, it already paid itself forward many times over for a lot of people.

[Durison]

Very impressed with how fast XRB Transactions are...Massive Volume on Binance...speculation on future price?

[Guaresneider]

Very impressed with how fast XRB Transactions are...Massive Volume on Binance...speculation on future price?

It needs to touch a market cap of at least "$84 Billion dollars" to be close to $400 per Nano... and be a second coin behind BTC kickin' out Ethereum...

Realistically it will pass over the 50 bucks, its just my opinion...cheers. (I've lost 750 XRB's under the freakin' Bitgrail case) 

[bloodyvio]

Very impressed with how fast XRB Transactions are...Massive Volume on Binance...speculation on future price?

It needs to touch a market cap of at least "$84 Billion dollars" to be close to $400 per Nano... and be a second coin behind BTC kickin' out Ethereum...

Realistically it will pass over the 50 bucks, its just my opinion...cheers. (I've lost 750 XRB's under the freakin' Bitgrail case) 

yup
I also think at the end of this year Nano can reach a price of at least $ 50
but a few days back Nano had surpassed 24 hours BitcoinCash marketcap transaction volume
so to reach $50/Nano I guess it will not take until the end of 2018

[fajarkus12]

Very impressed with how fast XRB Transactions are...Massive Volume on Binance...speculation on future price?

It needs to touch a market cap of at least "$84 Billion dollars" to be close to $400 per Nano... and be a second coin behind BTC kickin' out Ethereum...

Realistically it will pass over the 50 bucks, its just my opinion...cheers. (I've lost 750 XRB's under the freakin' Bitgrail case)  

yup
I also think at the end of this year Nano can reach a price of at least $ 50
but a few days back Nano had surpassed 24 hours BitcoinCash marketcap transaction volume
so to reach $50/Nano I guess it will not take until the end of 2018

I think so, this coin has huge potential and many possibility can happen. Moreover if Nano can get partnership with giant ecommerce / company, maybe nano price will be easy to surpass $50.

[ThachSanhTp]

Why RaiBlocks?
No fees: The RaiBlocks network has no notion of fees.
Low latency: Transactions are natively processed instantly giving a responsive experience.
Scalability: Micropayments require a system capable of significant scalability
Simplicity: Users have a simple experience without technical jargon.

Follow on Twitter: @raiblocks



Block lattice whitepaper: https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU

Spec rationale: https://github.com/clemahieu/raiblocks/wiki/Design-features

Signing algorithm - ED25519
Hashing algorithm - Blake2
Key derivation function - Argon2
Block interval - Instant
UDP message protocol
IPV6 addressing

Translations:
源石币

Please add some info to the #1:
- Official website
- Social (Twitter, Github, Facebook....)

[chrisbrown0384]

I have the ios beta and its truly instant, blink of an eye transactions. Shows me that hardware is the only thing limiting the speed right now. Which is already superfast. When I send to online wallet its instant. Sending to phone a second or two. Sending between phones instant.  https://youtu.be/e7jLFroW_NE?t=3m20s.

[nkarm1]

Why RaiBlocks?
No fees: The RaiBlocks network has no notion of fees.
Low latency: Transactions are natively processed instantly giving a responsive experience.
Scalability: Micropayments require a system capable of significant scalability
Simplicity: Users have a simple experience without technical jargon.

Follow on Twitter: @raiblocks



Block lattice whitepaper: https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU

Spec rationale: https://github.com/clemahieu/raiblocks/wiki/Design-features

Signing algorithm - ED25519
Hashing algorithm - Blake2
Key derivation function - Argon2
Block interval - Instant
UDP message protocol
IPV6 addressing

Translations:
源石币

Please add some info to the #1:
- Official website
- Social (Twitter, Github, Facebook....)

This thread has been abandoned by the developer. If you are looking for latest news and events go to Reddit.

[Crypt0m0nster]

Congrats for all the guys who bought around $6 and almost tripled last week end.

If Coin is bullish in bear market than we should be very careful,what will happen in bull market.

All guys who made huge profits,will sale and invest in other coins which are still in bear market to increase portfolio.

For any coin/token healthy growth is most important than fake news like Coinbase adding or others.

So If you still believe this will be keep sky rocketing,just HODL if you want to take profits just take and wait to re-invest until it stabilize at around 0.00100--0.001200.

Yes, Congratulation to all people who bought it low price, but I want to tell you I bought it in the Mercatox @15.30 USD, I trust the people who said that 
will be moon after listing in the binance, the fact is price dump now. 

You trusted ppl who said... Gratulations.
Anyway, what happened with the price was due to the theft of about 10% of all Nanos, and then selling it on Binance. That's really simple.

Sorry i didn't get you with theft.
So increase in price is it because of theft and they pumped the price up or down?

[Borbax]

Ath at BitGrail was about 0,0032, if I remember correctly. Than we had the theft, and rebranding, and Binance entry. And we sank to about 0,0006. Which of those three factors could have done that?

(BTW, in your post you mentioned the dump, now you're asking about the pump)

[Lucius]

It is nice to see Nano is recovering and it is now holding 18 place in coinmarketcap,but with fairly good prospects to get in top 15 soon.Some of the price increase is for sure due to BTC price increase,but even when BTC price was under 10k$ Nano is showing ascending path.

It can also be bull trap initiated by hacker/s conected with BitGrail incident,but maybe he/she just sold everything he/she had.Price is just crossed 16$ and if BitGrail did not happen I have no doubt that price would be close to 30$ or even more.

I see that iOS wallet is working very good,and some extra works will need for Android in order to fix some bugs-but what I am waiting is support for hardware wallets,I hope Ledger will be first since there is some work in progres in this matter.