Anyone still in Nano (Raiblocks)? 🔮what is the future looking like for this? 🔮

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🔮 Allow me to start off by saying Nano is incredible technology.

That said, it totally sketched me out when it first began. Since Nano does not cost you a tx fee, no one was incentivized to keep the network up other than exchanges who sure enough took fees on each trade. At one point, 90% of the volume was going through a centralized exchange called bitgrail. I was worried the network was too centralized let alone the other issues with centralization and balance reconciliation. Sure enough that exchange became insolvent. I highly recommend you like into what happened with bitgrail. Now that it is on more exchanges, there are more nodes and therefore it is more decentralized, but I still worry about how decentralized it can be if the only people who are incentivized to keep it up are exchanges whose business models defeat the purpose of the token.

Additionally Nano as a platform does not have native smart contract functionality so I worry about interoperability. You cannot do atomic swaps with nano. Therefore cannot interact with the blockchain ecosystem in a decentralized manner. The only application I see of it is a currency.

I do not hold nano and I don’t know why I would. 🔮

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🔮😂🔮

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