/biz/ - Business & Finance

[Anonymous No.27176518]

>we all know ETH is not scalable
>AVAX already have Proof of Stake built from the ground up

will AVAX takes it place?

[Anonymous No.27176820]

No.
Radix is the only answer.

[Anonymous No.27176948]

>>27176518
AVAX is not meant to replace ETH but support it, and also become what the financial system runs on.

[Anonymous No.27177480]

Avax will rule over all except maybe top 3 soon.

[Anonymous No.27177487]

>>27176948
anyway i'm bullish decentralized platform after the Robinhood fiasco

[Anonymous No.27177572]

A token that goes from $2-$14 in such a short span is by definition a PnD

I am telling you this as a neutral observer as I do think some of the tech on AVAX is interesting.

I just would not put money into it because I know price to action is fishy as hell!

[Anonymous No.27177730]

>>27177572
Stop being a fucking retard

[Anonymous No.27177736]

>>27177572
lmao

[Anonymous No.27177790]

>>27176518
ALGO is dominating and nobody can fud that shit. Avax was a nice try but is redundant

[Anonymous No.27177801]

>>27177572
Reminds me of early LINK days.
Quickly shot from $0.20 to $1.40 before collapsing back to $0.20-0.40 for quite a while as they built the tech.

That said AVAX is already here and working at least. So it's tough to draw too much of a parallel.

[Anonymous No.27177819]

imagine not being bullish on AVAX

[Anonymous No.27177973]

zero exchange is out in a couple hours, the first dex to launch on avax

[Anonymous No.27177992]

>>27176948
This.

[Anonymous No.27178134]

>>27177572
look at ETH price in 2017.

$5 to $1400 in Jan 2018 just a year.

[Anonymous No.27178139]

>>27177992
he wasn't talking about AVAX he was talking about AVA lol

[Anonymous No.27178179]

>>27178139
Stupid ass bitch

[Anonymous No.27178264]

Fucking voyager. When will they have AVAX withdrawals? I’m so close to a node stack

[Anonymous No.27178360]

>>27177973
Source?

[Anonymous No.27178435]

>>27176518
Where to buy?

[Anonymous No.27178505]

i agree with >>27177730

>>27177572
you're an imbecile

[Anonymous No.27178538]

>>27176518
nah

[Anonymous No.27178546]

>>27178139
Yeah, ava labs. Fucking retard.

[Anonymous No.27178599]

>>27178139

[Anonymous No.27178611]

>>27176518
>borderline impossible for Americans to buy
>retarded name
>needs its own fucking specialized wallet
>requires 24 (TWENTY FOUR) word mnemonic phrase
Fucking hate this piece of shit

[Anonymous No.27178655]

Does AVAX have cute girls?

[Anonymous No.27178744]

>>27178611
>borderline impossible for Americans to buy
And That's A Good Thing!

[Anonymous No.27178914]

>>27178264
Use gate.io dumb goy

[Anonymous No.27178930]

>>27178538
You’re a low IQ moron who doesn’t understand simple computer science.

>Secret Management
The only secret that you need on your validating node is its Staking Key, the TLS key that determines your node’s ID. The first time you start a node, the Staking Key is created and put in $HOME/.avalanchego/staking/staker.key. You should back up this file (and staker.crt) somewhere secure. Losing your Staking Key could jeopardize your validation reward, as your node will have a new ID.
You do not need to have AVAX funds on your validating node. In fact, it's best practice to not have a lot of funds on your node. Almost all of your funds should be in “cold" addresses whose private key is not on any computer.

https://docs.avax.network/learn/platform-overview/staking

[Anonymous No.27179084]

>>27178914
I need to deposit USD, schlomo

[Anonymous No.27179121]

>>27176518
nope

[Anonymous No.27179186]

>>27179084
USD->Voyager->stablecoin->gate.io->AVAX->withdrawal

No VPN needed but they do have KYC. Binance has no KYC but you need a VPN and a fake phone number to use binance.

[Anonymous No.27179200]

>>27178611
Go back.

[Anonymous No.27179296]

>>27178930
What happens when that node is taken over and staking key is overwritten then node shut down? Network grinds to a halt. Complete stall.

Better attacks can make the nodes vote to perform a double spend to attackers address from any addresses, they can vote that his address suddenly has 1 gorillion avax. This is confirmed in 1s and attacker can dump the coins on any exchange short it and GTFO.

[Anonymous No.27179511]

>>27178538
>>27179296
Thanks for keeping the price low while I accumulate

[Anonymous No.27179593]

>>27176820
this, big brain

[Anonymous No.27179628]

>>27179296
ok monkey

[Anonymous No.27179684]

>>27179186
I hate slippage and big tax returns

[Anonymous No.27179752]

I have been buying AVAX every single day for the last few months just chipping away at a stack so I never buy just the tops or bottoms

I sincerely have a lot of faith in this one, and DOT.

[Anonymous No.27179800]

>>27179296
>What happens when that node is taken over and staking key is overwritten then node shut down? Network grinds to a halt. Complete stall.
This applies to every crypto that doesn’t use an ASIC, smooth brain

You’re retarded, I’m not reading the rest of your shitposts.

[Anonymous No.27179882]

>>27179296
how can one imitate a transaction if one requires a private key for it

[Anonymous No.27179989]

>>27176518

[Anonymous No.27180112]

>>27179989
>el33th4xor
wagmi

[Anonymous No.27180223]

>>27179989
Architects don’t build the houses they design. Engineers can do the grunt work.

[Anonymous No.27180243]

>>27179882
Nodes decides what is consenus a valid trx isnt required, nodes can decide that attackers address has 1,000,000 avax, thats it, thats final.
This attack works when you attack the most weighted by stake nodes, so you dont need 80% of all nodes. Just select the ones you attack.
The ones you dont attack, by random sampling metastability algorithm, they'll flip their decision too.

>>27179800
Security, Decentralization, Scalability.
AVAX picked the last 2. Pick the 1st one add an PoW and you lose the Scalability.

Radix is a shitcoin dont buy, Im not done accumulating.

[Anonymous No.27180597]

Its been fun fucking up AVAXers with tech skills

Which other coin do you want fucked up?

[Anonymous No.27181362]

>>27180597

tell me which coin to buy based on your 'tech skills'. deconstructing is easy.

[Anonymous No.27181490]

>>27180243
Tx proofs are stored batched into a DAG. Obviously if you hack all network participants of any crypto, consensus is temporarily broken. But it doesn't hold as long as archive nodes are able to restore and broadcast the signed transactions. Your funds can't be stolen, that's nonsense you made up. Radix will always be a worthless scam.

[Anonymous No.27182015]

>>27177572
>$2-$14 in such a short span is by definition a PnD

Still waiting for the dump bro.

[Anonymous No.27182098]

>>27176518
Maybe.

It's an uphill battle against ETH's network effect/early mover effect but it's the only project with a big enough tech jump to stand a chance imo.

[Anonymous No.27183516]

>>27181362
> deconstructing is easy.

True, Im making my own coin though, just a few more wrinkles to sort out. Youll know about it when I launch the algorithm, and it wont be thru ICO or premine or "private sales" with a fancy website. Ill release it exactly as Satoshi did, as anon on decents hyperprotocol zeronet and ipfs boards where cryptonerds and anarchists hang out, and from there everyone else will know.

There are really good coins, AVAX is such a good one. Just this one mistake.
Other good coins exist then they make mistake in distribution like Algorand, wtf was that guy thinking "hey just these first years will be permissioned network and all supply given to my friends at unis as relay node runners hurr".

> Obviously if you hack all network participants of any crypto, consensus is temporarily broken.
Not true for PoW coins, like BTC and ETH. Consensus is literally not breakable there by exploiting the nodes. If you take over a miner, congratulations you are now a miner. Big deal.

Also the attack is very harder to do on PoS coins like Ada (shitcoin wont scale to massive scales) and Algorand (shitcoin bad supply bad distribution).

> But it doesn't hold as long as archive nodes are able to restore and broadcast the signed transactions.
Wrong. AVAX consensus is final on what the staked nodes decide on. They'd consider those trx to be shit like double-spends today.

> Your funds can't be stolen, that's nonsense you made up.
Who is you?

[Anonymous No.27183891]

>>27181490
btw I think its sad that I have to talk about consensus security on biz of all places

all your other communication mediums are censored shitholes
avalanche discord is a piece of shit with defensible assholes responding only
avalanche twitter is fanboy club
avalanche telegram is the worst of all like fucking normie heaven even asking "who made avalanche" is greeted as "hey no negativity here now stfu".

[Anonymous No.27183947]

>>27179200
No, I got my stack now fuck off.

[Anonymous No.27185280]

>>27176948
That's even better is it not? Why compete with a giant when you can affirm your place next to it.

[Anonymous No.27185730]

>>27185280
Yes. Also looking at the 4h chart on binance it looks bullish af.

[Anonymous No.27185885]

>>27178435
Gate.io

[Anonymous No.27185934]

>>27177572
So where's the dump then?

[Anonymous No.27186441]

>>27183516
>Not true for PoW coins, like BTC and ETH
Taking over a single miner is not really practical. What attackers can do is target pools and subvert the coordinating nodes. Even if there is not much to gain from a double spend attack, it can be used as a tool by governments or predatory institutions to economically sabotage each others. PoW can't be trusted long term IMO, if you also take into account selfish mining.
>AVAX consensus is final on what the staked nodes decide on
That's not how it works. Nodes are free to decide what the truth is from their point of view on the network. There is no such thing as a fixed consensus. Fake or invalid Tx will not be permanently stored even if lots of nodes are hijacked.
>Who is you?
You!

>>27183891
>btw I think its sad that I have to talk about consensus security on biz of all places
It's not. All places are beautiful in their own way. Thinking others are faggot because they don't have the same social tastes as you is stupid.

[Anonymous No.27187395]

>>27186441
> PoW can't be trusted long term IMO, if you also take into account selfish mining.
Thats a different attack than this one.
> Taking over a single miner is not really practical. What attackers can do is target pools and
Thats a weakness of the consensus protocol, which we already know, that bitcoin is already taken over since more than 51% of hash-power is in hands of men in picture.
That weakness does not take over the entire network still - the full validating nodes act as breaks. So that increases cost of "exploit a miner" to also "exploit many of the full nodes".
That cost is way higher for PoW coins, than AVAX. PoW coins complexity is low, AVAX high.

> Nodes are free to decide what the truth is from their point of view on the network.
The whole point of the algorithm is that majority of the nodes will converge on the same view.

> All places are beautiful in their own way.
I didnt mean the places are stupid the people on those places are close-minded defensive faggots not open for any discussion or feedback.

[Anonymous No.27187509]

>>27183516
>>27186441
>>27187395
SHUT THE FUCK UP.

JUST GIVE IT TO ME STRAIGHT: IS AVAX A SCAM OR LEGIT? WHAT EOY?

[Anonymous No.27187631]

>>27187395
i don't know why you care in the first place if your project is going to be the holy grail.

[Anonymous No.27187745]

>>27178264
Holy shit, that is hilarious. I have seen this picture so much but I never knew it was a crop and emin was in it.

[Anonymous No.27187903]

>>27178538
Oh wow. Not one line, not a single line of that is true. Impressive, I have seen bad FUD but this is a work of art in misunderstandings.

[Anonymous No.27188020]

>>27187631
Im wondering if the creators of Avalanche have thought of this attack and what their solution or counter-measure is. Thats all.

It would be nice if they was more open for more discussion and we could reach a solution, because a solution exists. Together we stronk.

But instead 99% of all fucking avalanchers, here, discord, twitter, telegram start being defensive and attack me calling me a FUDDer, schizo, autist, brainlet etc. Assholes.

[Anonymous No.27188331]

>>27176518
>will AVAX takes it place?
no cross-subnet composability --> into the trash it goes

[Anonymous No.27188459]

>>27176518
will turkey beat russia? the answer is no

[Anonymous No.27188468]

>>27178611
This idiot again. Hey baby

[Anonymous No.27188557]

>>27187509
I'm still gonna cum up your nose

[Anonymous No.27189105]

Fantom >>>>>>>>>>>>> Shitvax

[Anonymous No.27189122]

>>27187509
Life is a scam.

[Yes No.27189606]

how this formation is called?
looks like some sort of flag or something

[Anonymous No.27189754]

Keep the fud coming boys, I need to acoomulate a suicide stack still

[Anonymous No.27189938]

>>27176518
most likely not.
eth has first mover advantage.
but avax can at least 20x if you ask me

[Anonymous No.27190148]

>>27189754
Why dont you help FUD it you faggot

Note that the best FUD is 80% true and 20% lies thats a perfect mix
Then from time to time you must throw in a lie so big that is too stupid to be true but the FUD sticks anway

[Anonymous No.27190249]

>>27189938
ETH doesnt scale
ETH2 wont scale

There is AVAX (if it ever fixes the described security issue)
and 2 other coins which are as good

>>27189606
this TA pattern is called dump truck is backing in unloading engins spinning up

[Anonymous No.27190342]

>>27187395
Honestly, the attack you are proposing might be an issue after avalab implements history pruning (I wonder how they're actually going to put it into practice, I think this is the first time something like this is done in crypto without centralization), but it should be fine now.

[Anonymous No.27191188]

>>27190342
Havent looked at pruning yet. Will check.
Are you up for collaborating on the next coin which will solve an issue like this?
Yet also improve snowflake snowball and snowman.

>>27188020
>Im wondering if the creators of Avalanche have thought of this attack and what their solution or counter-measure is.

The silence is answer No, they have not thought this through.

[Anonymous No.27191514]

$1000 EOY it is willed, and shilled

[Anonymous No.27191888]

>>27176518
Don't forget to invest in pic related.

While its low.

They recently announced that subsecond insurance token collaboration would be with UNN.

UNION will moon as soon as Pangolin opens. Don't just thank me, tell the universe to bless me with good karma. This IS the great advice you will read on 4chan this year.

[Anonymous No.27191890]

I am humbly trying to reach my sui stack. I made some sick AVAX-themed collectibles I am willing to exchange for AVAX to help me reach my 500 AVAX goal.

If you want a sick collectible, just reply to this message with you c-chain address and I will send you the collectible right away.

Here is my c-chain address, if you liked the collectible and with to help this humble avaxbro with his goal: X-avax1deja834mhqhcm3kferq00xng685qshvswdve8p

[Anonymous No.27191971]

>>27191888
DELETE THIS NOW

[Anonymous No.27192204]

>>27191888
Suicide stack vs make it stack?
Was about to buy

[Anonymous No.27192282]

>>27191888
dont forget zero too

https://zero.exchange/

[Anonymous No.27192366]

AVAX, Vaccine, bill gates, farmland, AVAX

[Anonymous No.27192573]

>>27191971
>>27192204
UNN sui is 10,000
Make it is 100,000

It's so early that honestly, catching unn at sup 5 cent prices is like catching LINK at sub 50cent.

[Anonymous No.27192698]

>>27192573
Based, was gonna get at least 10,000. Might get more, ty

[Anonymous No.27192892]

>>27176518
Nah, bet in L2 solutions. xDai Stake $STAKE is going to *fucking explode* over the next few weeks. $1bn mcap is inevitable + Uniswap are going to utilise it on V3

[Anonymous No.27193044]

>>27191188
>Are you up for collaborating on the next coin which will solve an issue like this?
I believe you can do it if you want to, but I'm not actually interested in crypto. I'm just here to funpost and pump neetcoins while my pathetic self is collapsing.
>Yet also improve snowflake snowball and snowman.
Imo if you could explain the possible vulnerabilities about avax on a paper or small blog post. People are stubborn because there is so much shilling everywhere such that you need some strong evidence to change a dominant opinion. Then if your ideas are similar to avalanche, you can join them. Avalabs seems to be pretty serious and honest about the project, I don't think there is anything morally wrong with them, even if they could potentially overlook technical mistakes.

[Anonymous No.27193182]

>>27176518

[Anonymous No.27193238]

>>27178538
>chuds
Opinion discarded, this person has an IQ under 105

[Anonymous No.27193377]

>>27178139
Go back newfag

[Anonymous No.27193699]

>>27191888
is this on UNI?

[Anonymous No.27195536]

>>27193699
Yes.

search for UNN or UNION on Coingecko for code

[Anonymous No.27195617]

>>27176518

[Anonymous No.27195780]

>>27195617
What will happen?

[Anonymous No.27196141]

>>27195780
40% to 50% dilution on 03/09/2021. expect a big dump 1 to 2 weeks before.

[Anonymous No.27196238]

>>27196141
For real? Anyone have any counter arguments?

[Anonymous No.27196381]

Yes that's what I've been trying to tell you retards but all you do is buy rubic. Some people were meant to stay poor.

[Anonymous No.27196425]

>>27196238
>>27195780
No. Same thing happened in December. Only 5% drop for 2 days.

Nothing will happen. DEVs are staked for 4 years, and the 10x from Pangolin launch will basically only become 9.95x for two days

Insignificant FUD from an accumulator.

[Anonymous No.27196461]

>>27196425
Thanks

[Anonymous No.27196510]

>>27196238
Whales would prefer to stake their coins and sell the staking rewards at a high price rather than tanking the market. Last coin release there wasn't any dip because everyone was staking

[Anonymous No.27196792]

>>27196510
Precisely.

Staking removes the dump risk from injection of new coins. Its the perfect future-proof balance.

Honestly, AVAX will be THE shit starting from this year. Its like what LINK was at 10 cents. And it has respectable tech behind it, it has the Cornell brains behind it, hell even Vitalik is theorizing about "ATHEREUM" to solve scalability problems. AVAX is truly the patricians trilemma solving coin. Rubix is also good but Rubix has procrastinators as devs who did nothing for 8 years. They elicit no trust or respect from the community.

Whereas EGS is fucking Madara Uchiha as far as brainpower goes in cryptospace.

[Anonymous No.27196967]

I love these threads bros. Who Chief Chad in here?

[Anonymous No.27197045]

There is only one global solution that horizontally scales while not breaking security nor composability.

Smart money is going into Radix now, betas get in at 1$.

[Anonymous No.27197245]

>>27197045
I also have a nice bag of radix.

But they have trust issues from big investors. Why haven't they done anything in 8 years?

[Anonymous No.27197411]

What did he mean by this?

[Anonymous No.27197731]

>>27190249
What coins are the most robust? Where have you invested?

[Anonymous No.27197997]

>>27177572

>boomer grammar

[Anonymous No.27198143]

>>27195536
based

[Anonymous No.27198201]

>>27178611

The fact that this is already $12/coin while being impossible for the average burger to get should be a massive bull flag but ok chief

[Anonymous No.27198308]

>>27197411
Chaos is where the seeds of power are sown.

[Anonymous No.27198377]

>>27196425
It dropped over 30% in a matter of 2 days. At the current MC you guys are going to get dumped on so hard.

[Anonymous No.27198391]

>>27198308
Or sub power for wealth. They both work

[Anonymous No.27198590]

>>27196792
Precisely, overnight you will have 400M in tokens unlocked and you don't think this shit will dump? There's only 30M - 40M of daily volume... GL biz

[Anonymous No.27198731]

>>27198590
More interested in holding this long term. Didn't expect quick gains from it personally.

[Anonymous No.27198738]

>>27197045
radix chad memes are fucking weak holy shit

[Anonymous No.27198758]

>>27196967
Soon all AVAX hodlers will be Chief Chad, fren.

[Anonymous No.27200086]

>>27198590
I expect it to pump

[Anonymous No.27200469]

>>27195617
The price did a x5 after the first unlock

[Anonymous No.27200675]

>>27200469
This is, in fact, a fact.

[Anonymous No.27201107]

>>27197411
Buy low, sell high.

[Anonymous No.27201319]

>>27196141
^ this

[Anonymous No.27201368]

>>27198590
This

[Anonymous No.27201394]

>>27197411
>>27201107
indecision = big buy signal

[Anonymous No.27202418]

>>27196792
>Madara Uchiha
im not a weeb is this the right one