/biz/ - Business & Finance

[Anonymous No.30429353]

How can anyone justify holding AVAX after it had a double spend?

[Anonymous No.30429481]

>two nodes go down
>entire service halts for 7 hours
>70% loss
>only bleeding now
its over retards

[Anonymous No.30430065]

>>30429353
Because there wasn't a double spend. Now it's clear who is fudding Avalanche threads with made up claims. Read for once, retard.

[Anonymous No.30430302]

>>30429353
le doublespend
le turk
le sevenfold
le nodes are down
lelelele

cmon man come up with something actually fuddable

[Anonymous No.30430449]

>>30430065
Absolute cope and denial. Yeah Fantom had huge issues but as soon as a consensus failure such as a double spend occurs it damages the reputation to the point where institutional investors are skeptical.

[Anonymous No.30430479]

The Avalanche Platform is so radically different from existing paradigms that it’s hard for newcomers to wrap their head around it sometimes. The principles are straightforward:
* The consensus protocol is separate from the virtual machine (VM).
* The VM is code that manages the data.
* A chain has a single VM, but the same type of VM can run any number of chains.
* Subnets are mostly-independent Avalanche networks with an address defined in the Avalanche Platform.
* The validators of a subnet are a subset of the validators on the Avalanche Platform.
* Subnet membership is optional, requiring incentives to draw people toward validating.
* Subnets can have one or more chains being validated.
* Cross-chain transactions are possible since every validator speaks the same language.
* Cross-subnet transactions are possible, but it’s up to the VM and chain operators as to who and how they accept these transactions.
* The platform is multi-asset by design, and all data is an asset.
Anyone can write their own VM, anyone can launch their own subnet, anyone can deploy their own chain, and anyone can create their own assets.

[Anonymous No.30430715]

>>30430449
No double spend ever occured and you would know that if you started to read published articles about it. You probably don't even know what a double spend is.
Also, FTM is literally a 2017 known pajeetscam.

Don't you ever take Avalanche's name in vain.

[Anonymous No.30431077]

>>30430715
>No double spend ever occured
A wallet literally multiplied their transaction 7x

[Anonymous No.30431617]

>>30431077
>claims seething FTM holder based on thin air
No, that's not what happened. This is what happened: https://medium.com/avalancheavax/preliminary-analysis-of-the-invalid-minting-bug-bee940cbd9e9
Now again, start reading, Ranjeet.

[Anonymous No.30431678]

I always had a sneaking suspicion that it was F*nties who fudded AVAX threads but now I know for sure.

>two nodes controlling 33% of your network just stop working
Wouldn't happen with AVAX you know. Neither would double spends before you pull that out your ass.

[Anonymous No.30431728]

>>30429353
Stop forcing some war between avax and ftm you fudding faggot.
Both are great coins and future partners.

[Anonymous No.30431808]

>>30431678
>I always had a sneaking suspicion that it was F*nties who fudded AVAX threads but now I know for sure.
It's the same people who fud fantom threads retard.

[Anonymous No.30431853]

Fantom is a ... wait for it ... ghost chain

[Anonymous No.30431869]

>>30430302
>le turk
wait what?

[Anonymous No.30432041]

The best FUD for AVAX wasn't the crashing chain or the double spend.

It's the fucking sub-70 IQ turks from the telegram who come here with their broken ass english and tries really fucking hard to convince people that these things never happened, even though most of us witnessed it live. That's what made me sell.

[Anonymous No.30432150]

>>30431869
The team control 80% of the nodes kek

[Anonymous No.30432186]

'Double spend' and 'bonus blocks' is the gayest FUD now.

"The bug did not affect regular transactions, coin transfers, asset transfers, coin destruction, or smart contract invocations. Avalanche never allowed any user to successfully send the same funds to two recipients. This means that absolutely no double-spends happened."

[Anonymous No.30432387]

>>30432186
>Have 1 AVAX in address A
>Try to send 1 AVAX from address A to adress B
>Suddenly 7 AVAX appear in address B
>Able to transact the 7 AVAX for ETH, move the ETH off the chain and sell it for real money

AVAX team: "Uhhhh, ackshually.... it's not a double spend because Avalanche never allowed any user to successfuly send the same funds to two recipients"

[Anonymous No.30432452]

>>30430479
Fuck, that was so hard to grasp I feel like a total brainlet just reading the complexity.

[Anonymous No.30432488]

>>30431617
>>30432387
Wait, I suspect he actually can't read.

[Anonymous No.30432574]

>>30429481
That was an easy fix.
Double spending is an inherent flaw of the AVAX architecture.

[Anonymous No.30432617]

>>30432452
The only thing you need to know is that AVAX has had 3 critical bugs in less than one month, and during arguably the most serious bug (consesus failure leading to a double spend) team tried to cover it up and got caught red handed in the process.

[Anonymous No.30432656]

>>30432150
no source, no verification of claims just rancid vaginal discharge in the form of text.

[Anonymous No.30432684]

>>30430479
tl;dr

[Anonymous No.30432730]

>>30432617
Oh, and as a result of this; no serious devs in crypto will ever trust their garbage platform, much less build on it.

They have a few literally who projects that they've most likely paid to build on their platform. Everyone else will stay the fuck away because while it seemed great in theory and on paper, it has proven itself to be a steaming pile of shit.

[Anonymous No.30432772]

>>30429481
>AVAX is the GREATEST Computer Science Achievement to date!
kek

[Anonymous No.30432837]

>>30432617
For anyone wanting proof here is a community explorer showing the double spend. On the official one they covered it up.
https://avascan.info/blockchain/c/address/0x0a99c32AFFAEc0a697D4CB4bf660Eeddcf432c21/transactions

[Anonymous No.30432979]

Hey let's stay away from the only functioning scalable decentralized network (AVAX) and build on the one that is functioning, scalable and decentralized that has never had a bug (literally no coin, ever).

[Anonymous No.30433139]

>>30432837
Oh fuck the coping bagholders made me believe this was just FUD but it's actually real kek

[Anonymous No.30433147]

Fudders are either trying to accumulate at low prices or are secretly afraid that they have, are and will miss out due to their own shit judgment.