Quote:
Originally Posted by BlackJackDegen
You just make posting here a real pain. My posts was suppose to be informational about some new developments and yet somehow you turn it into some kind of attack. I just find it all rather tiring.
It just gives the block-lattice approach more validation which is a good thing from my POV as it is the technology I am interested in and if that comes in the form of a future project then I'll happily jump ship. From the posts by the guy behind the project on reddit it doesn't look though like it will be a director competitor. The dumping was also more likely cause by another video from the BG owner appearing online.
It does highlight that point pretty well, that you need more than just an idea and open source code to have a successful network. It's a concept that is important for the fundamental value of every coin, and a problem for almost all of them. I wasn't actually trying to come down on Nano specifically this time, and it might also not be the reason the price went down. Eventually fundamental factors will have a large impact on a coins price. Some will be able to deal with these issues, most won't. Either way, it's good to be aware of what to look out for in a project you're invested in.
And you are right that someone endorsing the overall concept should be positive, unless it's a serious rival. The price action can seem quite irrational, with the limited information every trader has. Sometimes people dump into good news, simply because there is something propping the price up, reducing slippage.