QUOTE(Andrew Lim @ Feb 21 2018, 03:09 AM)
Create a wallet at
https://nanowallet.io/.
If you have a Binance account you can use the Nano deposit address there.
PM me your wallet address and I'll send you 1 free Nano tomorrow.
BenefitsI would say the main draw is zero fees and very fast transfers. Almost every other coin will end up creating "dust" or deduct a transfer amount. But if you send N amount of XRB/Nano to another address, the address will always receive N amount.
Falling PricesRight now Nano's price has been falling because of a recent scandal involving BitGrail losing millions of Nano over a period starting from December. It's created a lot of FUD, and coupled with BTC's resurgence, the price has been tanking.
Long-TermMost of the FUD now has nothing to do with the technology. The Nano protocol is still solid and has not been compromised in any way. It's still the only coin right now that does fast and free transfers. The dev team is going to release new desktop and mobile wallets soon, and they will be creatinga new roadmap for Nano as well.
So if you're looking for a long-term hodl, this would be a good time to buy some Nano.
Thanks for the explanation.
So, basically, to my very limited understanding, it aims to capitalise on Bitcoin's flaws and shortcomings, such as scalability, speed of transaction, and fees, but has to do so at the expense of decentralisation.
It has quite an uphill battle, the way I see it, especially with the myriad coins out there trying to do something similar, each with a slightly different selling point (e.g. Monero, Verge, Dash, Litecoin, etc.).
Will need to read up more about it.
By the way, thanks for the generous offer!