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How #Nano and #Banano are performing relatively to #Bitcoin. Aside from the clear downtrend Nano meme clone being lower market cap holds better against Btc, lack of incentives in Nano network makes clones much more desirable because they can multiply investors bags more easily.

The same pattern did NOT happened with #Bitcoin and its forks like #BCH #BSV #BTG. Of a total of 105 forks only 74 are considered actives. None of them has overperformed #BTC as of today. Why this difference in comparison to #Nano?

Because of PoW: a global decentralized network of machines around the world that tie Bitcoin security with energy. No Bitcoin clone can replicate as it forks this global network and its connection with energy. That's why every BTC forks eventually go to 0 against it.

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Discussion

Gandalf Grey₿eard 🧙🏻‍♂️ 2y ago

While in PoS or hybrid PoS chains where there is no connection to physical energy the clones needs much less resources in order to gain "security" and decentralization: it is far more easier to build a network of people incentivized by massive gains than to build a network of miners collecting energy.

In this way PoS currencies are much like fiat currencies! Even if a single PoS chain cannot inflate its supply, its forks with more incentives are going eventually to indirectly inflate it.

nobody 2y ago

Great Analysis

nobody 2y ago

You just gained a follower here