Bitmain, the largest mining hardware company, made around $4B last year

Re:Bitmain, the largest mining hardware company, made around... by nosuchthing on Friday February 23, 2018 @06:46PM (#16450622)

Nano (aka Raiblocks) is basically a scam.

How was the supply produced and distrubited? https://raiblocks.net/page/frontiers.php?limit=100

Nano/Raiblocks were created from software, a reproducable distributed database protocol. Except in the case of Nano, the vast majority of the tokens are in control of the owners with a few being given away to the public for clicking captchas.

https://www.youtube.com/results?search_query=raiblock+captch...

Consider, anytime you buy a cryptocurrency it means someone else is trying to cash out...

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Re:Bitmain, the largest mining hardware company, made around... by wyldfire on Friday February 23, 2018 @06:58PM (#16450685)

I don't agree, but I do think it's very wise to be suspicious of coins and their distribution mechanism.

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Re:Bitmain, the largest mining hardware company, made around... by seanwilson on Friday February 23, 2018 @07:24PM (#16450819)

> Except in the case of Nano, the vast majority of the tokens are in control of the owners

Do you have evidence of this?

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Re:Bitmain, the largest mining hardware company, made around... by doots on Friday February 23, 2018 @07:47PM (#16450913)

What evidence is there 90% of Nano distribution isn't owned by a single person?

This is a major aspect of transparency in decenteralized p2p protocols, and the issue with Nano is there's no paper trail or proof that the devs didn't take all the supply.

We do know 13% of all Nano in circulation was stolen in the Bitgrail hack.

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