Aral BalkanMay 13, 2021

I wish more people were looking into $NANO not because some dickhead billionaire wrote a tweet but because it actually is a sustainable and useful alternative cryptocurrency.

PS. Here’s a free/open Nano donation component we made for not-for-profits, etc., if you want to accept donations in $NANO: https://github.com/small-tech/svelte-nano-donate

You can see it in action here: https://small-tech.org/demo/svelte-nano-donate/

(Any donations on the demo go to Small Technology Foundation, same as on https://small-tech.org/fund-us)

#Nano

small-tech/svelte-nano-donate

A donation component for the Nano cryptocurrency built using Svelte (which you can use in non-Svelte projects also). - small-tech/svelte-nano-donate

Show threadDeadly HeadshotMay 13, 2021
@aral How can a cryptocurrency be sustainable? Even without the environmental issues, the idea of depreciating returns for mining means eventually there's a point where mining has no (or negligable) returns and thus transactions are no longer processed!
Show threadRyanMay 13, 2021
@aral @dheadshot Mining operations scale up and down with profitability. Fewer mining machines makes blocks easier to mine (difficulty adjusts downwards); so the cost of securing the chain (also cost of *attacking* the chain) falls until it's below income from transaction fees. It's self-balancing, though not by any means stable.
Show threadDeadly HeadshotMay 13, 2021
@ryan @aral But mining is required to process any transactions, so eventually, there can't be transactions as it's not profitable to mine?
Show threadAral BalkanMay 14, 2021
@dheadshot @ryan Not all cryptocurrencies use proof of work mining for global consensus like Bitcoin does. (Nano, for example, doesn’t.)
Show threadAral Balkan
@dheadshot @ryan (Proof of work mining cannot be and is not sustainable.)
May 14, 2021 at 6:13amWeb