Did you own any Raiblocks/Nano in 2017 - what made you buy it? and what made you sell?

Did you own any Raiblocks/Nano in 2017 - what made you buy it?

I remember I first got interested in crypto in 2017, because i had seen bitcoin go up in price earlier and a lot of friends were talking about it, so I also wanted to try to earn money by buying bitcoin.

Regitering on exchanges were really difficult, when i started since there was so many people trying to sign up that it took multiple weeks for KYC to finish. I then registered on localbitcoin and bought via them. I remember transfering my first bitcoin out of localbitcoin was a really scary experience as i had to make sure i pasted the correct btc adresse, i remember it was really expensive to transfer bitcoin then, i spent around $50 in fees to transfer to my wallet and it took around and hour until i saw the transaction had been recived.

After having has some experience sending bitcoin around, i did more research about the technology and its purpose. The more i learned about bitcoin and its idea the more i become interested in decentralized digital cash. I liked the idea of having a currency that was not controlled by a central government that basically controls society with their ability to print money and bail themselves out whenever they fuck up.

This is when I started looking into other cryptocurrencies, like Stellar, Vechain, XRP and Raiblocks. First i looked at XRP and apparently it was very fast and cheap to send, but I did not like coin distribution and many said it was centralized, it basically seemed like banking 2.0.

In the the crypto I liked the most was Nano due to multiple factors and the biggest one was probably the initial distribution. 5% of supply was allocated to the dev fund while the rest was given away via google captchas, this way everyone with internet access could participate in the distribution, no need for expensive mining equipment. The idea of having a fully distributed supply was something i found really compelling, similar to how people in bitcoin is exited for yeah 2140 when bitcoin is fully distributed, but with Nano the supply was already fully distributed and there was no need to wait.

I found Nano really unqiue in the crypo space since it was the only crypto that had fully distributed supply and was feeless. The Nano devs believed they were able to secure the network without rewarding node operators, the idea was to create a network as efficient as possible to make the cost of running a node an insignificant expense. With Nodes being so cheap to run it allows for more decentralization since most people can afford to run one.

I also liked the idea that everyone that owned some Nano, no matter how little is able to participate in the consensus by choosing their own representative. This way if 10 million people own 1 Nano each, they will be strong together if they all delegate their voting weight to the same node. The total supply is 133 million, so those 10 million people would have 7.7% of the voting weight to delegate to whoever they want.

What i really liked about Nano was its simplicity, its supposed to be a pure currency, nothing more, and i think this is its biggest strengths.

I still sell some Nano here and there, mostly when buy services.