/biz/ - Business & Finance

get fucked

>buy Quant instead
>wait 5 years
>sell after a >100x

>>29743994
>firsttime.png

>>29743994
To be fair it was performing very well up until late. Was due for a correction after Stargate and the market decided to take a doomp at the same time. I sold it but what I sold it for hasn't done great either.

cosmos has great fundamentals, the ecosystem is massive and growing, the dev tools are unparalleled. It's better than Polkadot in almost every way. It, along with zcash, are heavily undervalued and great long-term holds regardless of current volatility. I bought at $4 and I'm not selling

>>29743994
How many times do we need to tell you fools. If its getting shilled on Biz, its too late. I cant count the amount of new faggots that buy during parabolas. Fucking low IQ niggers, ngmi

>>29745045
Well I bought at 25$ and I want to fucking hang myself

>>29743994
Do you guys not do your dd

>>29745355
It wasn't shilled at all nigger, cosmos threads got 3-4 replies and died after 10 mins, I saw the coin going crazy and thought wouldn't hurt if I'd cash in

>>29745382
don’t do that anon

volatility is part of cryptocurrency markets

just hold

>>29745438
Nah last week there were megathreads and shill threads from pajeets all over the place. Red flag. Trust me cause i browse biz a lot of day cause im a crypto NEET. Also the pump was partly attributed to the airdrop that caused all the pajeets to pile in, course there was gonna be a dip.

I would be buying ATOM now if i wasnt already balls deep in Polkadot.

>>29745045
Cosmos has a monetization problem, unlike the other coins. DOT and ETH are essential for projects on the network, ATOM isn´t. Why should you buy ATOM if you can just buy the project on the ATOM network.

>>29745550
while atom might not be essential for operation of other interoperable chains, it is crucial for operating the Cosmos Hub, which by far has the most value staked. Cosmos Hub will be a focal point for all cosmos chains, due to network effects most chains will want to interoperable with Cosmos Hub to do IBC with other chains. In order for that IBC to be secure, Cosmos Hub has to be secure, and Cosmos Hub relies on ATOM for its security.

I prefer this situation to Polkadot, where a rent is extracted.

>>29743994
trade a coin that did a x 2 in the last weeks and has a shitton of new things coming out literally next month for a coin that just x 20'd and the same thing for ages

thanks OP sometimes I think all this money I'm making in crypto can't be real but then I read posts like this and realize it's coming from retards like you

>>29745832
damn my greentext arrow was gone

>>29745709
IRIS just enabled IBC support, which means that IRIS relies on the security of Cosmos Hub, which means that IRIS relies on ATOM.

Dozens more projects are going to do the same soon. This is how ATOM relates to the ecosystem value: it is optional but heavily incentivized, unlike DOT which extracts a mandatory rent from all parachains

Atom is the shit. The cosmos ecosystem is huge and flourishing. The actual goal of cosmos to have interoperability between all blockchains is game Changing. It was at ath not too long ago. Market took a shit. Just wait it out dude. Get a cosmostation wallet and just stake it

>>29745930
>can't even greentext
Aight I'm feeling better about my holds, thanks faggot

>>29746046
the key thing here is that Cosmos chains are *sovereign*: they can run whatever protocol rules, consensus protocols, tokenomics, etc that they want

polkadot parachains cannot

in the long term i believe the benefits to the cosmos hub from being to interop with a wide variety of chain designs and extract value by securing the communications between those chains will be massive

>>29745709
Ya the concept is great, but what you see as a flaw from DOT, I see it as an advantage. People mainly want to make money and this DOT concept makes the DOT-token hodlers a lot of money. Projects and people buy the tokens to be able to rent a parachain or purchase a parachain token, this moves up the price. Projects don´t have to pay the price for themselves, they can just crowdsource it.

>>29746449
the interoperability also goes two ways: for many chains, you'll be able to transfer and transact in ATOM

>>29746449
>they can run whatever protocol rules, consensus protocols, tokenomics
Parachains have freedom to do the same....

Parachains are layer 1 blockchains like Ethereum and Cosmos. I don't think you quite understand polkadot?

>>29746609
They don't

https://wiki.polkadot.network/docs/en/learn-parachains

>"Parachain consensus" is special in that it will follow the Polkadot Relay Chain. Parachains cannot use other consensus algorithms that provide their own finality. Only sovereign chains (that must bridge to the Relay Chain via a parachain) can control their own consensus. Parachains have control over how blocks are authored and by whom.

>>29746723
They can run their own tokenomics, but are limited in the protocol rules and consensus and ultimately more dependent on the DOT relay chain than as is the case in Cosmos

>>29746870
in that sense, they're not as sovereign

but fun fact IBC can also connect polkadot parachains to the Cosmos Hub!

>>29746723
Yes all parachains will obviously have to follow the GRANDPA and BABE consensus as they are connected to the relay chain but they have choice over tokenomics, protocol rules etc.
>Parachains have control over how blocks are authored and by whom

Also what you forget to mention is that Wasm and Substrate are much more complex and powerful stacks than Tendermint which will attract more developers, which we have seen.

>>29746449
why would you want to use another consensus protocol than the "mother chain"? What´s the advantage here, don´t you have to bridge that anyways to get the same consensus? (really interested)

>>29747154
Tendermint isn't the dev stack, Cosmos SDK is.

Cosmos SDK has CosmWasm which has a number of users

There are currently 72 Cosmos SDK apps deployed on their mainnets

https://cosmos.network/ecosystem/apps

(I'm long polkadot too, I think it's neat, but I slightly prefer the cosmos approach and cosmos sdk as a dev)

>>29747516
Nice talking to a dev. So what do you prefer about the Cosmos SDK to Substrate?

This is coming from a junior Java dev who has recently dabbled in Solidity, all my coworkers think crypto is a scam sadly.

>>29747207
There are a number of advantages.

If your application benefits from a different kind of consensus, or if you prefer a different kind of consensus, you can use that and get those benefits.

It's nice to be able to choose for yourself regardless, and have the community exert autonomous/sovereign control long term over that core part of the protocol as a matter of decentralization.

When you bridge with the IBC protocol, you don't have to change your consensus to match the counterparty chain. IBC can bridge different chains with different consensus, the only exception is chains that have probabilistic finality (such as PoW chains) which still work but require a special "peg zone" bridge chain. This means that the Cosmos Hub can interop totally different chains with immense value (polkadot and cardano could already bridge to the Cosmos Hub easily since afaik their consensus is not probabilistic).

>>29747758
It's mostly personal preference as well as a preference for the architecture which gives more sovereignty. I have more experience with Go than Rust, and haven't worked with substrate all that much. I find tendermint's ABCI to be intuitive and the SDK's message passing/parsing, interfaces, etc to be easy enough to use.

>>29747788
thanks

>>29748120

honey cake is enq, that is what you should look at now
check it and tell me that I am wrong
check their pos and poa tech, if you smart you will know everything

I love that people buy in at an ATH, then pink wojak about it two weeks later

ATOM isn't your pump and dump to profit from, it's a long term hold on a solid project.
Reminds me of fags who try to do the same with GRT and such, you have it all wrong.
Try some no use food or meme name token on BSC if you want to do shit like this.

>>29748874
Honestly I will invest in ATOM again, I bought it at 4 and sold it during the pump. Unlike many other projects it doesn´t have the big retards in it, which is a big plus for me. I am so tired of these PnD retards

btw BNB is built with cosmos sdk (:

ironically this has more use thn ada