I have been reading about cryptocurrencies, and I find Nano to be the most appealing on the basis that it appears to be a minimalist approach to digital cash - which is what I would like. I want to be able to pay online easily without needing a third party. I don’t really need smart contracts or any other fancy crypto stuff to be tied directly to the digital currency.
The mechanism of decentralization via Open Representative Voting appears to be much less wasteful than the competitive PoW algorithm that bitcoin uses, so that is quite sensible.
I was concerned about the concept of the public ledger allowing others to look into your wallet and trace back transactions, but learning about trust-less mixing has dissipated those concerns.
I see people speaking wonders about Nano in nano-related forums (of course), but outside of those I get the feeling that people either pay little attention to it or generally dislike the currency… I have read many claims about spam attacks, but those appear to have been dealt with successfully looking at the recent updates and discussions on the official forum. So, are there any obvious negatives that I am missing?
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