/biz/ - Business & Finance

>>25701650
Cardano cope

Bzx is shit. They have tried and failed multiple times.

>>25701699
I've used them. They work fine, as long as they don't get hacked again. One of their issues was using non chainlink oracles which has been fixed.

Ssst keep it quiet, i need to accumulate first.

>>25701846
There's no keeping it quiet. once pangolin and bzx release and people see how fast this is your time is up

>>25701801
They got hacked again multiple times after they relaunched using Link oracle's

>>25701921
It doesn't really matter. They're usable now. The point is they showcase how easy it is to move from ethereum to avalanche. People will get a chance to see what DeFi is like with instant transactions that cost a fraction of a cent.

$40,000 AVAX by end of year screencap this

>>25701650
Will you be able to trade erc20 on pangolin?

>>25702350
Yes

AVAX is a beast and Emin is a based CEO.
I seriously cannot imagine this thing not going straight to top 10 (or 5) in the coming months.
Releasing the ethereum bridge (rumored to be this month?) will be an absolute gamechanger for defi and also for crypto in general.

Why the fuck are you not buying as much as you can while this shit is still at rank 60??

>>25701650
>competitors, like Tezos, Polkadot, and Cardano
these are all centralized which makes them trash.

>>25702907
Yep. Nonetheless, they're worth billions of dollars and avalanche, which is far superior, is well below them in MC

>>25702901
I'll lend you newfags a hand

Avalanche the protocol
>a major break through in consensus mechanism, the third one after Classical and Nakamoto
>high scalability, 4500+ REAL TPS near instant low cost transaction
>high decentralization, very low barrier of entry in node running
>high security, resistant to 51% attack
>full EVM compatibility

Emin Gün Sirer:
>Cornell CS Prof, been in crypto before crypto was a thing
>number 2 in Cornells IC3 (Ari Juels is number 1)
>called out multiple attack vectors of the DAO before it was hacked
>recognized the importance of Chainlink from early on and is in close contact with the Flannel Man
>his PhD student Maofan Yin is the author of HotStuff protocol used by Facebook Libra, he's also working for AvaLabs

>>25701846
I can’t see AVAX pulling back much at this point. We are near or in price discovery. The time to buy is now. I’m locking myself that I only got 5k when it was $3 but at least I can earn 10% delegating to nodes. I’m also looking forward to trading on png.

>>25702952
>they're worth billions of dollars
the thing is they actually arent, this inferior technology is overpriced af and will fall apart in spectacular fashion while AVAX takes the cake.

>>25702907
To be honest, they can barely be considered competitors as AVAX basically ushers in a new era of consensus.

>>25702350
That’s what the Eth bridge enables. I’m very interested to see how it operates and what the user experience is like. If it requires complicated fuckery with your metamask or something I’ll be pretty disappointed, but if it’s seamless I will definitely move some linkies over, borrow stables against them and do some farming on avalanche

ITT: Yes sirs we are all truly trying to keep this down and not actually dumping our bags sirs, surely we care for some random 4chinners makin it and aren't shilling to make sure we get back to being in profit

>>25702997
Ted Yin is the Chief Protocol Architect.

Team is mostly Cornell PhDs. Cornell Tech has some of the mostly widely cited cryptology papers. Anyone not looking at this thing deserves $ROPE imo.

>>25703092
I will buy more with the next dip. I still have 1,2k in cash that i rather not touch and will try to hold until my next paycheck in three weeks time. Hopefully that 3k will get me towards 1k Avax.

>>25703313
You better already own like 900 if you wanna hit 1k with that cash EONW

>>25703218
How tf could you have lost money on this? The peak was today. Newfag trader spotted.

>>25703368
I have more invested in other coins which i could theorethically sell but i have been long on them for ages without really profiting. Im holding them, but want to buy Avax with my new incoming cash. You fags can hold out until the end of the month right?

>>25701650
>NO other ethereum competitor has achieved this. Avalanche is the first. Despite this, avalanche's market cap is MUCH lower than most of the other well known ethereum competitors, like Tezos, Polkadot, and Cardano, despite being better than them.

every one of those shitcoins you mentioned had the same thing in their tags. thats wonderful that AVA is building their own little ETH clone with low-low fees, just like TRON! Hey did you hear JUST-SWAP went live like 2 months ago and fucking nobody is using it? Low fees! tBTC tETH tLTC etc etc all there!

It's going to be who can actually PORT over Ethereum tokens and dapps fast enough.
LRC and OMG are going the Layer 2 approach, DOT is going the Layer 1 bridge approach (moonbeam), AVA also is going bridge but it has had nothing but problems and will be delayed.
https://medium.com/avalabs/the-avalanche-ethereum-bridge-what-you-need-to-know-b450d2ece03c

There is only one platform that has a WORKING bridge up and running. Devs just have to click a button and their code is compiled to the chain. Users can use their own ETH wallets (or BTC, LTC, BCH... for that matter), and can send tokens with those native wallets directly to this chain as if they were sending to a native wallet on their existing chain. (yes.)

They have probably the most ludicrously secure Proof of Work system ever designed, and their crypto-primitives allow for PROVABLE security of execution of arbitrary code.

I'll give you a hint it's one of the only coins that isn't bombing today.

>>25703465
I’m gonna MOOOOOOOOOOOOOOOOONNNNNN

>>25703550
the answer is Cardano

>>25702997
>>full EVM compatibility
not yet.

>>25703597
Don't be a moooooner, you want to get a gf right? They love long, reliable and stable, not quick gratification.

>>25703601
good try cardano is tanking plus Proof of Stake is unfixably cucked the only Secure and Decentralized scaling solution is ZK-Rollup on a Proof of Work Layer 1.

>>25703728
tanking lmao are you new here

>yor coin dusnt keep go up its poo

>>25703660
It is already, just need to wait for the trustless bridge

how long does it take to withdraw from Binance? Heard there are some problems with AVAX?

>>25703550
dot dosent even support smart contracts right now and then on top of that the relay chain dosent work.

>>25703925
so not yet?

>>25704005
Pretty sure ChengPao Zhen is accumulating and running an AVAX node because he has AVAX withdrawals turned off half the time. 2nd in command at avalanche confirmed that he has no idea why withdrawals are funky and it isn’t a technical problem. No other exchange has that issue either. I suggest taking your vaxxies off binance and staking them yourself instead of letting the chinaman take your 12%

>>25702997
>>a major break through in consensus mechanism, the third one after Classical and Nakamoto
A good consensus mechanism that can be copy-pasted into other DLTs
>>high scalability, 4500+ REAL TPS near instant low cost transaction
This is pretty good
>>high decentralization, very low barrier of entry in node running
It's not decentralised if the creators and a small group of VCs retain the majority of the tokens
>>high security, resistant to 51% attack
It's not secure if the creators and a small group of VCs retain the majority of the tokens
>>full EVM compatibility
Binance chain already has this, many chains will have this

Forgive if this is a bit of a Stacey question but is the delegation fee determined by market forces.

As in, will delegation fees commanded move in accordance with demand on the network?

They currently seem to be around 2%-3%

>>25704298
thanks anon. Just did that, it wasn't turned off but now it's processing since 20 minutes...

Where can I buy this in the US?

>>25704317
>A good consensus mechanism that can be copy-pasted into other DLTs
or other DLTs can just plug into AVAX and profit from its already existing decentralization.
>It's not decentralised if the creators and a small group of VCs retain the majority of the tokens
they would need to run over 80%+ of the nodes to fuck with it.
I know tons of people who are all spinning up their AVAX nodes now. its comfy.
>Binance
Binance is finished, they wont survive when AVAX ruins the CEX model.

>>25704317
binance chain is just a fork of ethereum

it doesn't solve shit, just a less secure version of ethereum with less users

>>25704636
Can you use Huobi or Okex?

if not, jellyswap atomic swap
https://jelly.market/

>>25704484
>is the delegation fee determined by market forces.
Its determined by market forces and by node operators, with the update that gives us governance node operators will be able to vote on the minimum fee.
soon its gonna go up.

>>25704484
See: >>25704985
Also it will basically trend to the Lowest permitted fee over time as market forces work. I do think 2% is a bit low at the current capital requirement to run a node (2000x $5)

If AVAX goes to $50 that’s a different situation however. Capital requirement to run a node is flexible, cost to run a node is fixed (20 bucks a month for cloud computing or the cost of hardware and electricity)

>>25704528
aaand it went through... Digging up my unused RPI4 to setup a node

>>25704824
>they would need to run over 80%+ of the nodes to fuck with it
What is a Sybill attack? More concretely, as long as the majority of tokens are in the hands of a small group of people, the US government is only a few arrests short of complete control of the network

>>25705545
Based and comfypilled

Unironically just bought 2 btc worth yesterday. Will I make it boys?

>>25706321
Welcome to the financial elite.

>>25706321
Damn, I'm jelly. I could only pick up 4k. Still happy with that, as I can run a node.

>>25706083
>What is a Sybill attack?
AVAX has proof of stake.
>the majority of tokens are in the hands of a small group of people
which are all interested in the network succeeding thats why they are invested in it.
unlikely they gonna fuck you over when they can make trillions in the future.
>the US government is only a few arrests short
arrest who on what charges?
AVAX is doing everything by the book with the SEC and the new SEC guy is from Cornell too.

>>25707204
>they thought the Cornell Mafia was a meme

>>25707843

>>25707843
>>25708465

>>25706321
Dammn, jealous. I just want 2k for a Node and I'll be happy

>>25706083
team owns 10%, foundation owns an additional 10%

those numbers will drop over time