Colin LeMahieu Profile
Colin LeMahieu

@ColinLeMahieu

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Software engineer and inventor. Founder of nano(Ӿ): decentralised, open-source, feeless currency. $xno

London, UK
Joined November 2014
Don't wanna be here? Send us removal request.
@ColinLeMahieu
Colin LeMahieu
7 years
A big congratulations to the team working tirelessly the last few months to make $nano happen!
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@ColinLeMahieu
Colin LeMahieu
4 months
@TurnbullMalcolm Ask yourself: Am I objectively evaluating nuclear as an energy source or am I searching for reasons to exclude nuclear? One of those motivations serves your constituents and the other doesn’t.
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@ColinLeMahieu
Colin LeMahieu
2 years
7 years ago today nano became a live network. Since then, over 46 billion dollars have been processed through nano without a single fee being paid.
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@ColinLeMahieu
Colin LeMahieu
4 years
Has anyone else being targeted on @reddit by a single moderator with a blanket ban on a whole team? The entire nano mod team was banned from r/cryptocurrency, even those who have never posted there. Anyone else being censored?
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@ColinLeMahieu
Colin LeMahieu
5 years
*This* is what cryptocurrency was meant to be. $nano
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@ColinLeMahieu
Colin LeMahieu
2 years
@elonmusk @MuskUniversity These factors are best satisfied by $xno. Native nano transactions complete in < 1 second.
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@ColinLeMahieu
Colin LeMahieu
7 years
I'm excited to share that next week I'll be full-time on RaiBlocks. We've got some incredible things in store for 2018 and can't wait to share more with you! $xrb
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@ColinLeMahieu
Colin LeMahieu
4 years
Big thank you to @DNB_NL for inviting me to present in their meet-the-experts discussion and Q/A on the future of the cryptocurrency industry. Lots of very good questions this morning and I hope everyone enjoyed it!
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@ColinLeMahieu
Colin LeMahieu
6 years
Universal block canary has been released! Check your services to see if they’re handling them correctly and let us know of any issues.
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@ColinLeMahieu
Colin LeMahieu
7 years
Starting code reviews on universal transactions.
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@ColinLeMahieu
Colin LeMahieu
7 years
Doing final tests on universal blocks and putting together a writeup!
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@ColinLeMahieu
Colin LeMahieu
6 years
Looking to release the second Universal Block canary this Sunday. This will signal wallets to start generating universal blocks instead of the old style. Universal blocks will allow higher TPS, simplify code, and simplify hardware wallet integration.
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@ColinLeMahieu
Colin LeMahieu
6 years
$nano has used this consensus strategy from the start, 5 years ago.
@VitalikButerin
vitalik.eth
6 years
I did NOT invent 99% fault tolerant consensus; Leslie Lamport did. I just wrote an explainer and adapted it to a blockchain context. Please fix, Trustnodes.
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@ColinLeMahieu
Colin LeMahieu
6 years
$nano will survive the hype-market contraction by offering a needed good, instant global value transfer, faster and cheaper than all its competitors.
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@ColinLeMahieu
Colin LeMahieu
3 years
It’s amazing to see people showing kindness and helping others through the power of $NANO. Thank you and keep up the good work!
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@ColinLeMahieu
Colin LeMahieu
4 years
With BTC inflation at 1.76%/yr, holding $1.5B in BTC contributes $26.4M toward energy consumption. Fuel cost for a Falcon 9 is 200k per launch so equivalent to 132 launches in cost and carbon emissions.
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@ColinLeMahieu
Colin LeMahieu
4 years
The fastest decentralized currency just got another upgrade. Let’s finish the digital money revolution.
@nano
Nano
4 years
We’re delighted to announce that #Athena V21 is now live on the $NANO network, introducing a range of important new features and protocol optimizations. Check out the release notes for more info, and upgrade to a smarter and more efficient Nano node!
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@ColinLeMahieu
Colin LeMahieu
5 years
For most of this year I’ve been researching a new PoW algorithm that fits the performance requirements of Nano. We’re excited to share this short preview and we’ll be releasing a thorough technical document as well as a library implementation in the near future.
@nano
Nano
5 years
Ahead of the #Lydia node release we are sharing more information on our groundbreaking new memory-hard proof-of-work algorithm, #NanoPoW , and what it will mean for the $NANO network:
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@ColinLeMahieu
Colin LeMahieu
4 years
A ton of work done last year despite world events. Very thankful for the NF team and everyone involved!
@nano
Nano
4 years
Year In Review: Take a look at the highlights of 2020 that make $NANO the world’s most efficient currency to date! #cryptocurrency #blockchain #yearinreview
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@ColinLeMahieu
Colin LeMahieu
7 years
Today we’re releasing version 11 which includes Universal Blocks. Let us know how it goes!
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@ColinLeMahieu
Colin LeMahieu
4 years
Nano can be moved between exchanges instantly and without fees. Just putting that out there.
@CoinFees
Coin Fees
4 years
Coin fees for the past hour: Bitcoin fees: $5.04 / €4.59 / £3.88 for next block Ethereum fees: $0.34 / €0.31 / £0.26 for next block Litecoin fees: $0.22 / €0.20 / £0.17 for next block Nano fees: $0.00 / €0.00 / £0.00 fully confirmed in 0.2 sec #Bitcoin $BTC $ETH $LTC $NANO
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@ColinLeMahieu
Colin LeMahieu
6 years
Very glad $nano was given away for free following comments at #Consensus2018 about what constitutes a security.
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@ColinLeMahieu
Colin LeMahieu
5 years
The Nano structured network overlay is a method to reduce network resources and involves creating a distributed hash table (DHT) with the available network nodes. With this, flooding of votes and transactions to the network can be done more efficiently.
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@ColinLeMahieu
Colin LeMahieu
1 year
Blockchains can’t sample the real cost of running the network e.g. they don’t know server/bandwidth/storage costs. Because of this, finding “the right incentive” is a fool’s errand. It will always be either too high, encouraging rent seeking and centralization, or too low, making
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@ColinLeMahieu
Colin LeMahieu
4 years
The future of currency won’t be based on technology who’s costs rise so rapidly with such trivial throughput. The sooner the industry gets away from this delusion, the sooner we’ll arrive at decentralized money.
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@ColinLeMahieu
Colin LeMahieu
5 years
It started with years of thought and design followed by a ton of teamwork in the last year to get the ecosystem where it is today. Very excited looking forward!
@nano
Nano
5 years
Today marks 5 years since @ColinLeMahieu began creating $NANO. It has been a remarkable journey so far, and we are incredibly proud to share it with the #nanocommunity of contributors that have helped bring the protocol to life!
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@ColinLeMahieu
Colin LeMahieu
6 years
Natural market incentives involve eliminating an inefficiency and profiting on the improvement. Artificial incentives i.e. subsidies/rewards are an extra-market process designed by planning groups. With efficient consensus, $nano doesn't need to plan network subsidies.
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@ColinLeMahieu
Colin LeMahieu
4 years
The fastest in decentralized money. No compromises.
@patrickluberus
Patrick Luberus
4 years
🔥 #Nano demolished its previous beta stress test record today. 1465+ CPS, and still not saturated. Almost DOUBLE the previous record. Conf-times less than 1 second. All on consumer hardware, with zero fees 😱 #cryptocurrency #Bitcoin #scalability
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@ColinLeMahieu
Colin LeMahieu
10 months
@elonmusk Every species has cyclic population except humans. Prosperity doesn’t require growth. Capitalism doesn’t require growth. Aiming for a balanced population doesn’t require “degrowth” High populations increase resource contention leading to famine and wars. There is no
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@ColinLeMahieu
Colin LeMahieu
1 year
I’m incredibly proud of what’s been built so far and even more excited about what we’ll all build going forward. Nano’s fundamentals have been our strength and in this turbulent space they’re what’s required to win.
@nano
Nano
1 year
8 months ago the Nano Foundation moved to a completely volunteer-led operating model 🤝 This article will bring you along on our journey so far, what has led us towards this change in operating model, and our vision for the future 👇 #nano $XNO
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@ColinLeMahieu
Colin LeMahieu
2 years
I felt this was a good time to write about the benefits gained from nano focusing exclusively on currency. Decreased resource usage, decreased non-technical attack surface, and improved decentralization.
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@ColinLeMahieu
Colin LeMahieu
4 years
@KevinNegocios Yahoo in 1995 was the best but very quickly Google won because it was better. Bitcoin doesn’t solve a problem better than anyone, Nano is better in every way.
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@ColinLeMahieu
Colin LeMahieu
6 years
$nano guards against reusable hardware attacks by: 1) consensus is remotely reassignable disconnecting it from a physical presence. 2) market cap > mining hardware capex; tying consensus to market cap gives a stronger resistance to attack.
@SatoshiLite
Charlie Lee Ⓜ️🕸️
6 years
shows how easy it is to 51% attack some of the smaller PoW coins. For some coins, 100% of the hashrate can be rented from NiceHash, which removes the capital costs of the attack! For example, Bytecoin (marketcap ~$1B) can be 51% attacked for $557! 😲
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@ColinLeMahieu
Colin LeMahieu
4 years
Real, usable money.
@nano
Nano
4 years
13 transactions between 11 countries across 6 continents, all in 1 minute. This is the power of #digitalmoney , this is $NANO. #cryptocurrency #sendnano #nanoisthefuture #remittance
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@ColinLeMahieu
Colin LeMahieu
6 years
For PoW systems there’s an unfortunate feedback loop in price drops. Low price -> low mining rewards -> turn off some miners to lower cost -> lower hash rate -> longer transaction confirmation -> lower price.
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@ColinLeMahieu
Colin LeMahieu
11 months
I’ve said it before: Bitcoin is holding back decentralized money as a complete technical failure. Incapable of serving the world at scale, unattainably high cost of operation, centralized, energy wasting: pointless. Watch their cultish, gambling followers deflect, misdirect
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@ColinLeMahieu
Colin LeMahieu
1 year
@Greenpeace What measurements are you using to justify this opinion?
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@ColinLeMahieu
Colin LeMahieu
7 years
@cryptoXshark @ZackShapiro @troyretzer @devinus @nano_isam @Mrlutavo @Kedrin_nano @IcarusGlider @Nano_Things I watched cryptocurrency for a few years and saw many of the inefficiencies weren’t being solved. I think the reason 1500 is them exist is because people *know* the possibilities but none of them really focused and knocked a particular solution out of the park. I’m hoping we can.
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@ColinLeMahieu
Colin LeMahieu
2 months
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@ColinLeMahieu
Colin LeMahieu
6 months
@jack If you want decentralized digital cash, bitcoin can’t get you there. Every company that’s tried and dumped bitcoin has told you why: Too slow Too expensive PoW consensus isn’t decentralized.
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@ColinLeMahieu
Colin LeMahieu
5 years
Focusing on development may be boring but it gives undeniable results.
@patrickluberus
Patrick Luberus
5 years
Recent V21 (DB12) beta stress tests: 750+ CPS & still not saturated. Average max somewhere around 1100-1300 Compare that to v19 where saturation occurred at ~200 CPS, & v20 where saturation occurred at ~350 CPS. Massive progress 🔥 #Nano #Bitcoin #cryptocurrency #scalability
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@ColinLeMahieu
Colin LeMahieu
7 years
Every time I tell people it used to be 1000xrb per click they cringe 😂
@notsofast
notsofast
7 years
In 4 days (March 5-19, 2016), 1.525% of the total $NANO supply, 5189123 coins, was airdropped via faucet in lots of 1000 per private key (or 1 per additional claim on a previously used privkey). That giveaway is valued at $90-million USD today, 22 months later. $XRB
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@ColinLeMahieu
Colin LeMahieu
1 year
The point was to not need PayPal.
@BitcoinMagazine
Bitcoin Magazine
1 year
JUST IN: PayPal holds $499 million in #Bitcoin for customers
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@ColinLeMahieu
Colin LeMahieu
6 years
When looking at it from a business perspective: currency and native payments are the only viable use-cases of cryptocurrency. Everything else is solved better elsewhere and $nano is positioned to do exactly this.
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@ColinLeMahieu
Colin LeMahieu
4 years
@PeterSchiff @WarrenBuffett Currency that has additional uses is detrimental: stable supply and demand gives stable price. Assuming supply is fixed, aggregate demand will have less variance when there is only one demand factor instead of many. Would love to talk with you about $nano some time.
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@ColinLeMahieu
Colin LeMahieu
4 years
Lots of news in the digital money world of $nano.
@nano
Nano
4 years
Check out the newest $NANO Digest: ⚡️45+ new @binance fiat pairs ⚡Nano on @brave browser ⚡️ @TrustWalletApp in-app USD gateway ⚡️ @swapzoneio launches nano swaps ⚡️ #SpendNano at and @coinsbee ⚡️New team member joins NF
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@ColinLeMahieu
Colin LeMahieu
3 months
Nano v27 is in the final RC testing phase with RC3. If you're looking to help: the testing focus at the moment is bootstrapping from scratch on beta or live. Share results in the beta-testing discord channel No X space today as the update is just
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@ColinLeMahieu
Colin LeMahieu
4 years
Merry Christmas everyone!
@nano
Nano
4 years
Wishing the #Nanocommunity a very merry Christmas!🎄 Thank you, to each and every one of you who have supported $NANO this year! #cryptocurrency #nano #blockchain #xmas2020
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@ColinLeMahieu
Colin LeMahieu
5 years
😄
@neil_haran
Neil Haran
5 years
Introducing our self-service kiosk. Available immediately. Supports sub-second #cryptocurrency $NANO natively alongside EMV. No transaction fees for crypto. @kappture1
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@ColinLeMahieu
Colin LeMahieu
6 years
Block rewards and transaction fees disincentivize holders and users through inflation and overhead. By being more efficient than traditional currencies, $nano offers an economic incentive to the entire ecosystem.
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@ColinLeMahieu
Colin LeMahieu
5 years
Excited to be back at the @BlockchainforEU conference and connecting $nano to Europe!
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@ColinLeMahieu
Colin LeMahieu
7 years
My music listening strategy: find songs I like, play on a loop until I hate them, repeat.
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@ColinLeMahieu
Colin LeMahieu
6 years
Big thanks to the LBX team who put a lot of hard work in to listing Nano and putting together this event. Good luck everyone!
@LBXSocial
LBX
6 years
LBX and @NANO are delighted to offer the world’s first NANO/GBP pair! To celebrate this partnership we have launched a London treasure hunt - with the chance to win a Ledger Nano containing £5,000 of NANO! #RealCryptoHunt $Nano $NANOGBP Read more here;
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@ColinLeMahieu
Colin LeMahieu
1 year
Notice that the centerpiece of every orange coin discussion happening right now is an inordinate focus on profit derived from network costs. It's masked as a technical discussion but in reality, it's purely financial and rent-seeking.
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@ColinLeMahieu
Colin LeMahieu
5 years
More places connecting $nano every day!
@Cycle_bit
Cyclebit
5 years
We're delighted to announce that CycleBit adds NANO, bringing instant and fee-less digital money to its growing cryptocurrency payments ecosystem! With NANO available on Cyclebit POS machines, the Crypto Community will truly grasp what it's like to #paywithcrypto !
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@ColinLeMahieu
Colin LeMahieu
6 years
Happy New Year everyone! I'm excited for 2019!
@nano
Nano
6 years
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@ColinLeMahieu
Colin LeMahieu
28 days
@lauriewired Microsoft Project Silica is looking at this:
@microsoftcanada
Microsoft Canada
2 months
Microsoft’s Project Silica is changing the world with a small plate of quartz glass, creating a more sustainable way to store long-term data for centuries. Learn more:
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@ColinLeMahieu
Colin LeMahieu
4 years
There is *no* *reason* this much energy needs to be consumed to come to decentralized consensus.
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@ColinLeMahieu
Colin LeMahieu
7 years
Absolutely nailed it. Such an amazing engineering achievement!
@SpaceX
SpaceX
7 years
Falcon Heavy side cores have landed at SpaceX’s Landing Zones 1 and 2.
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@ColinLeMahieu
Colin LeMahieu
3 months
Bitcoin: so useless it needs an exchange to wrap it.
@coinbase
Coinbase 🛡️
3 months
cbBTC.
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@ColinLeMahieu
Colin LeMahieu
6 years
Just landed in Chicago for #voiceofblockchain . Looking forward to appearing on tomorrow's scalability panel alongside @jimmysong , @kylewarmour , @marco_peereboom and @hmichellerose !
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@ColinLeMahieu
Colin LeMahieu
1 year
Since mining is completely unnecessary for decentralized money, it’s a shame this power isn’t going to something needed like powering homes.
@sazmining
Sazmining
1 year
Update on our next facility! 🥳 Sazmining's 2nd #bitcoin mining facility running on 100% Renewables is officially going up in Paraguay!! 🔥 This couldn't have come at a better time 👇
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@ColinLeMahieu
Colin LeMahieu
4 years
Nano is digital money.
@cburniske
Chris Burniske
4 years
“Altcoins” as a word will become a relic of crypto’s beginning. In time the -crypto prefix will go too, as this infrastructure swallows the accounting of the world.
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@ColinLeMahieu
Colin LeMahieu
1 year
Yes they can, this is the fatal flaw in the transaction fee game theory: maximum profit happens at high congestion, not with high quality of service.
@LTCUnderground
Litecoin UndergrounĐ
1 year
Could a handful of miners conspire to drive fees up by spamming the network (since they receive the fees back anyway) and they want to make your transactions more expensive in the long term? What prevents this for either bitcoin or litecoin?
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@ColinLeMahieu
Colin LeMahieu
1 year
It would take over 30 years for everyone in the world to do a single Bitcoin transaction. Bitcoin is not decentralized.
@davidmarcus
David Marcus
1 year
No network/asset/technology other than #Bitcoin can become the neutral global 24/7 settlement network for the world. Anything else is just not “neutral” or decentralized enough.
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@ColinLeMahieu
Colin LeMahieu
6 years
I wrote an article about the economics behind generating consensus and the issues when considering economies of scale.
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@ColinLeMahieu
Colin LeMahieu
1 year
If all of bitcoin’s 21m coin supply was evenly split and sent to all 8 billion people on earth, only miners would have Bitcoin.
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@ColinLeMahieu
Colin LeMahieu
4 years
Had some ideas for a type of vote compression in the Nano protocol. Thoughts?
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@ColinLeMahieu
Colin LeMahieu
1 year
Huge improvement.
@patrickluberus
Patrick Luberus
1 year
Piotr has been working on vote hinting improvements for #Nano . Here's a screenshot of the difference it makes on a heavily desynchronized local dev environment (~2M backlog). Mean recovery CPS: 17 -> 500+ 👀 More stability, faster recovery, better anti-spam 💪🏾 #cryptocurrency
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@ColinLeMahieu
Colin LeMahieu
4 years
Once it’s used, it becomes unusable.
@CoinFees
Coin Fees
4 years
Cumulative coin fees for the past 24 hours: -> Bitcoin: $1,457,988.03 ($4.33/tx) paid in fees -> Ethereum: $2,615,146.59 ($2.28/tx) paid in fees -> USD Tether: $499,994.78 ($2.01/tx) paid in fees -> Nano: $0.00 ($0.00/tx) paid in fees #Bitcoin $BTC $ETH $USDT $NANO
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@ColinLeMahieu
Colin LeMahieu
2 years
🙌
@nano
Nano
2 years
Directors of the #Nano Foundation, George and Colin, are currently preparing for their keynote speech tomorrow at #Cynam222 in partnership with the Cheltenham Science Festival! 🔥 They will be speaking on the topic of 'Be The Change'! @CyNamHub $XNO #crypto #blockchain #web3
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@ColinLeMahieu
Colin LeMahieu
6 years
Having a browser extension that does this is something I’ve wanted since Nano started. Freemium pay-to-clear-ads.
@nano
Nano
6 years
See a $NANO address on a website you want to immediately send Nano to? Now you can! Check out the new sleek and seamless Nano Pay #Chrome extension here(link to extension in blog):
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@ColinLeMahieu
Colin LeMahieu
7 months
Nano’s optimal confirmation time is limited only by internet latency.
@ColinLeMahieu
Colin LeMahieu
7 months
@deadalnix @atxmj @MKjrstad @Ghostbanned7 It’s doing 3 global round trips in 400ms. 1 to propagate the transaction, 2 more to confirm it. It’s entirely possible, it’s happening currently.
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@ColinLeMahieu
Colin LeMahieu
7 months
@RetirementRight Bitcoiners are rent seekers. They extract rent from fees which are collected based on congestion which is why they keep throughput artificially low. They extract rent from inflation which is why they use an incredibly inefficient algorithm for consensus to justify the waste.
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@ColinLeMahieu
Colin LeMahieu
6 months
@AaronRDay The most important thing is left: peer to peer electronic cash. Actually decentralized. Actually no inflation. Actually usable by everyone in the world not through intermediaries.
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@ColinLeMahieu
Colin LeMahieu
4 years
An orbiting Nano faucet, very clever @WeNanoApp !
@APompliaNano
PompliaNano ⋰·⋰ (Parody)
4 years
@WeNanoApp has included the ISS satellite simulation which literally travels all across the world and pays out $NANO to user falling under its scope. This is very much better than the Blockstream Bitcoin Node satellite😂 More bullish on $NANO🚀
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@ColinLeMahieu
Colin LeMahieu
7 years
I’m so happy this was a thing 😅
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@ColinLeMahieu
Colin LeMahieu
2 months
@elonmusk A system where you perpetually need a larger number of new people to fund the smaller existing group of people is literally a Ponzi scheme. This isn’t misanthropy, it’s accounting.
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@ColinLeMahieu
Colin LeMahieu
1 year
Smartest minds of the subset of people still wasting their time on Bitcoin. No one wants to ascribe their profession career to a polluting wasteful piece of technology that has no trajectory towards scaling to solve the problem it was designed to solve.
@fnietom
fnietom
1 year
Discovering such vulnerability on Lightning after so many years having the smartest minds looking at a handful of scripts and their interactions is the best illustration of why we should keep highly skeptical about adding new opcodes to Bitcoin.
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@ColinLeMahieu
Colin LeMahieu
1 year
It’s looking like parasitic data is going to be permanent problem going forward. Nano isn’t immune but this issue was considered early in design and a large degree of mitigation in place. More is planned.
@mishaboar
Mishaboar
1 year
Daily #Dogecoin transactions have skyrocketed to ATH (650k), surpassing #BTC and #LTC transactions today due to folks trying to cram tokens (DRC20 "standard") and other stuff on top of the Dogecoin network. Many have been rushing to mint these "tokens" over the past two days.
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@ColinLeMahieu
Colin LeMahieu
8 months
Since we’re helping services upgrade today we won’t hold our usual dev space this week but will resume next week.
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@ColinLeMahieu
Colin LeMahieu
4 years
Space invaders working well with $nano! What do you guys think? A full nano arcade soon? @nanoissuperior @jamescoxon
@decryptmedia
Decrypt
4 years
Pay Cryptocurrency to Play Retro Space Invaders Game in UK Bar ►
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@ColinLeMahieu
Colin LeMahieu
7 years
Getting pretty close to a 9.0 release candidate.
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@ColinLeMahieu
Colin LeMahieu
5 years
Widening the pipes > paying rent-seeking miners for priority on slow networks.
@patrickluberus
Patrick Luberus
5 years
Wanna see something crazy? 👀 The #Nano beta has officially passed 1000 CPS during a stress test 😎 This is real 1st layer scalability #Bitcoin #cryptocurrency
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@ColinLeMahieu
Colin LeMahieu
5 years
Can’t wait to see everyone there!
@nano
Nano
5 years
Tomorrow innovation meets creativity at the Nano UK Meetup! We're eager to meet everyone, share what we've been working on, and explore the $NANO tech with you. Full details--including a detailed event agenda--can be found on our web app here:
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@ColinLeMahieu
Colin LeMahieu
2 months
This article is an economic overview of how Nano prioritizes transactions without a transaction fee. It covers the motivations for this design decision as well as dispels the myth about the necessity of transaction fees in currency protocols. Be sure to reference it when people
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@ColinLeMahieu
Colin LeMahieu
5 months
@Rainmaker1973 Overpopulation being a problem and growth reaching <0.1% can both be true. Your argument is poorly formed.
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@ColinLeMahieu
Colin LeMahieu
2 years
This can be disproven through counterexample: - An Excel spreadsheet (non-scalable) - Publicly editable (non-secure) - Hosted on a single FTP server (non-decentralized) Is worse in every way compared to #nano . In fact, most blockchains are an improvement over this example.
@krakenfx
Kraken Exchange
2 years
"The blockchain trilemma" means that there's always a tradeoff between: 1. Scalability 2. Security 3. Decentralization Which two would YOU prioritize? 🤔
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@ColinLeMahieu
Colin LeMahieu
4 years
@criptobastardo @KevinNegocios BTC costs too much to use, plain and simple. The only reason the revolution of decentralized money has stalled is because we get stuck on old tech.
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@ColinLeMahieu
Colin LeMahieu
7 months
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@ColinLeMahieu
Colin LeMahieu
6 years
$nano and the chain-per-account data structure was picked so determining conflict can be done in constant time and memory. An arbitrary DAG requires graph traversal to find conflict leading to a memory and compute time explosion that gets worse with depth.
@BobMcElrath
Bob McElrath
6 years
A Monte Carlo over consensus rules will not end well. There's no replacement for thoughtful, careful design. TL;DR iota's tangle is a confused pile of nonsense. Now they're trying to fix it by Monte Carlo, instead of thoughtful analysis. Blockholm syndrome in action.
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@ColinLeMahieu
Colin LeMahieu
4 years
Easier than ever to use the fastest currency around.
@nano
Nano
4 years
Millions of @brave users can now seamlessly purchase, deposit, and convert $NANO following the cutting edge in-browser integration with @binance that makes accessing #DigitalMoney easier than ever.
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@ColinLeMahieu
Colin LeMahieu
1 year
Just yesterday a grandma came up to me and sighed "I wish I could stop using money liquidity services and make illiquid mediums of exchange a centrepiece of my life". I said, bitcoin's already been invented though you'll have to change your view on currency as a concept and
@fnietom
fnietom
1 year
You cannot use bitcoin as money. What you can do is to stop using money (liquidity services) altogether and use bitcoin as an illiquid medium of exchange instead. 2/2
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