/biz/ - Business & Finance

>>50564531
It's Turkish

>>50564649
fpbp
/thread

>>50564649
Cringe, kys

>>50564531
Judencoin
Ironically this is also its value

>>50564531
there are too many L1s and its ecosystem is mediocre

>>50564531
It’s vaporware that no one uses
No one gets rich on avax tokens except the creators dumping on the 5 real users
ETH BSC make it look like a ghost town

When they fucked up they lied and tried to conceal it rather than be honest about it

>>50564531
DOUBLESPEND

>>50565231
True, but I completely understand why they did it.

Everyone in the crypto space is a complete retard (these people buy things like xrp, hbar and dog coins) and would just misinterpret it, plus predatory competitors with no new tech would jump on the hate bandwagon instead of offering support. They couldn't afford to look weak.

>>50564531
Parallel monolithic blockchains just seems completely outdated as we move into the modular/rollup paradigm.

>>50566053
Avalanche is the best settlement layer because of its consensus.

>>50566053
The single biggest DApp on ETH rollup just announced they're building a monochain on Cosmos SDK
You have to stop regurgitating stupid narratives that ETH shillers are trying to make you believe

>>50564531
It’s a shitty redditor coin

>>50564531
>>50566053
It is not quantum resistant like QANplatform (QANX).
>It is a great blockchain anyway. The defi projects are great.

>>50564531
kek this meme will always be good

to answer your question the most bearish thing on avax is that they always cover up what really happened. They did it with the double "mint", first claiming it was a problem with avascan
then they did it with the MEV attacks on the network, claiming it were "slow nodes"

and finally they did it with their "solution" to the mev, snowball++, by pretending it was an upgrade when really it was a breakaway from their decentralised snowball consensus into a completely different leader based consensus (which puts them on par with any VRF based PoS chain)

>>50566193
What does that have to do with AVAX?

>>50564531
there are none, all of the FUD points made in this thread are made up.
the truth is Avalanche is unfuddable, has the best DeFi protocols and Subnets are the future and will kill all other L1s and L2s.

>>50564531
Wow you literally stole the LINK meme completely shamelessly. A new low.

>>50565148
This
Subnets will get eclipsed by eth shards. Both do the same thing, but the former doesn’t get the main chain security, the latter does. Also L2s.
It will take a while though, Avalanche will perform well until then

>>50566930
>ETH2 finality time: 14 minutes
>Avalanche finality time: sub second

ethereum has no future.

>>50566622
>and finally they did it with their "solution" to the mev, snowball++, by pretending it was an upgrade when really it was a breakaway from their decentralised snowball consensus into a completely different leader based consensus (which puts them on par with any VRF based PoS chain)

Actually not really true, pic related

>>50566948
Why? How is finality time important? There’s no finality in tradfi and nobody gives the slightest fuck outside of crypto bros. Also markets don’t care about your performance over technicalities, real utility is all that matters and avalanche has none over the long term.

>>50567075
ye that's leader based Emin

>>50567075
classic example of the main point I was making actually kek

I could forgive them being leader based
I cannot forgive the squirming, covering up and flat out lying

blockchain TPS is blocksize dependant, not consensus dependent.

>>50564531
the supply.
>Avalanche - Model likely not sustainable past 2030

>The Avalanche networks are sustained by high inflation, which is how they keep transaction fees low. Validators are paid by a pre-allocated staking rewards pool, and those staking rewards account for a HUGE amount of the annual inflation.

>The vesting schedule leads to a 30% increase in supply in 2022, followed by a 22% increase in 2023.

>Transaction fees are burned, but the transactions fees are so low that the burnt amount is unnoticeable. Burns are in the tens of millions of dollars (TokenTerminal shows $10M in annual fee revenue) while issuance is 100x greater in the billions of dollars. Fees would need to be 100x higher to offset token issuance.

>AVAX issues 45M tokens per year starting at 2025 until it reaches its 720M max supply around Apr 2030. Unless fees grow 100x higher by 2030, AVAX's supply distribution model is going to break in 2030.

>>50567735
in other words, if the supply is capped and the burned quantity is negligible, what incentive will there be for validators?

>>50566759
Subnet design is closer to Cosmos which facilitate DApps as their own chain
Your gibberish talking point from ETH maxis means nothing when the reality is going the other way

>>50567990
>hey guys I’m poor and missed ethereum but I’m not worried because I’m invested in a shitclone that won’t be relevant in 5 years. fucking eth idiots kek.

>>50568127
Except I did invest in ETH and heard Vitalik shilling plasma, validium and many other shit for 5+ years, none of them delivered. ETH has been 6 months away from GIGANTIC scalability for years.
If you want to put your blind faith in money skele and a bunch of homos be my guest, we'll see which excuses they came up with this time

>>50568286
The amount of cope in this response is historical

>>50568310
>The amount of cope in this response is historical

>>50568310
nah he's right
and instead of replying to his arguments you gave a meme response (or were you describing your own post?)

And now Vitalik is saying that after Merge it's still all just temporary, only halfway on the roadmap

Almost as if he realizes that people need to keep thinking they're getting in at the bottom for the ponzi to continue

>be AVAX
>claim to “scaling solution”
>somehow manage to get gas fees all the way up to $14

Polygon kept their gas fees below $1 even during one of the nastiest DDOS attacks

>>50568532
it also runs backwards and is entirely centralised.

literally just use a database if that's what you want

>>50564531
Roach avax is icps bitch

>>50568406
Anyone who's been around during the previous cycle knows this

Btw it's now the Merge, Surge, Verge, Purge, Splurge. You're a chud you don't know all of them by heart. Ethereum will scale to 100k TPS soon!

I'm tired of defending AVAX, It's there, Superior, It never fail and the design is impeccable yet nobody get it, people refuse to like it for whatever subhuman reason they've or people are too dumb and falling for low IQ false narratives from hostile bag biased cunts

This space is cancer from top to bottom, I knew this since 2017 but the AVAX case made me lose all hopes

>>50567314
>There’s no finality in tradfi

Finality is necessary in decentralised environment. You sound just like Tron/BSC/Whatever vaporware cucks and their centralisation meme argument.

Instant innate finality through the most fundamental layer (the consensus layer)=Better
Instant constant innate finality through the consensus layer=Decentralisation hard cap lifted much higher

Both are crucial for Rollups too (If you insist on this narrative), In theory Avalanche is a much better protocol to act as settlement layer than Ethereum, But it need to catch up with decentralisation, Which's a social problem that improve with time.

>>50567314
>Why?

>be you
>use your coins as collateral to borrow whatever
>market changes and dumps, you have a couple minutes to seconds before the market liquidates your position
>you adjust it
>Eth2 takes 14 minutes
>you get liquidated
>on Avalanche it takes not even a second to adjust your position and you dont get liquidated
>Eth2 cuck gets poorer
>Avalanche Guy stays in the Game

Still cant see how wub second finality is important?

>>50567746
Subnet incentives, are you another one of these cuck that hasnt figured out what Blockchain as a Service means?
By 2030 AVAX will be so scarce that all AVAX bros made it.

>>50571259
Yeahi truly believe in the 5 digits per AVAX theory. It's only x5 ETH ATH marketcap, Ether will probably reach that market capitalization next cycle and if AVAX truly stand as the king then i don't see how 1 AVAX won't be worth 10K+