/biz/ - Business & Finance

>>51463769
>How do you differentiate between projects that have the potential to make a lot of money because they're retarded or genius?
by looking at what problem they solve.
Chainlink solves the "Oracle Problem" to bring data in a trustless way into a smart contract. thats a trillion dollar problem solved, blockchains would be useless without it.
meanwhile Avalanche solves the Blockchain Trilemma and Scaling and will act as a Layer 0 and as "Blockchain as a Service" so anyone can run their own custom Subnet.
If you do the research you will understand what I'm talking about.

>Proof of stake is one of the most retarded concepts I have ever seen
Because you dont understand that Proof of Stake and Proof of Work are just Sybil Control Mechanisms to prevent too many participants joining the network and 51%ing it.
PoS and PoW by itself say nothing about decentralization, safety or speed, it is just Spam Protection.
Proof of Stake done right is what you can see on Avalanche and Proof of Stake done wrong is what you can see with Ethereum.

>>51448748
Proof of Work and Proof of Stake are Sybil Control mechanisms, by itself they say nothing about security, decentralization or efficiency.
Its basically just Spam Protection.

>>51258441
pic related is a turk?
clean your glasses.

>>51254930
>the energy is confirming transactions on the blockchain
in a very wasteful process called mining.
>How does adding and confirming blocks not add security to the network?
you just waste huge amounts of energy to make the next block and the network can still be centralized, like through miningpools right now. so it doesnt really add that much to security, its basically proof of stake with extra steps.
>It's quite literally the function of the network
Proof of Work is just a sybil control mechanism to prevent too many miners to join the network and 51% it. its kinda just very expensive spam protection.
>>51254944
>It is impossible to do anything of theses things in a decentralised way without a claim on energy.
actually it is possible, the Avalanche Consensus family is doing it, they use around 46 households worth of Electricity and have the highest Nakamoto Coefficient.
Because Avalanche is leaderless and a Block can be proposed at any time it has sub second finality and can scale to millions of independent node operators.
>There is no second best.
actually when it comes to Consensus Protocols and functionality its easy to argue that Avalanche is truly superior in about every metric as it is not held back by the trilemma caused by leader based consensus like classical or nakamoto has, its an entirely new way to consensus.

>>51170384
some comfy stuff to watch:

>most recent Emin Livestream:
https://youtu.be/bFJnCNyRBX8

>Quick rundown how Avalanche works:
https://www.youtube.com/watch?v=4GIsieFUXMw

>Long Autismal Version:
https://youtu.be/cEnoZc6sv44

>comfy Emin and Sergey/AVAX and LINK friendship video
https://www.youtube.com/watch?v=PS3ckksfzaI

>John Wu (President of Ava Labs) presents at Harvard and Emin beams in as a Hologram
https://www.youtube.com/watch?v=DUKINsBr9Z0

bumping with some interesting Avalanche Twitter accounts to follow:

>Emin of course
https://twitter.com/el33th4xor
>Kevin
https://twitter.com/kevinsekniqi
>Ted Yin (Chief Protocol Architect )
https://twitter.com/Tederminant
>John Wu (President of Ava Labs)
https://twitter.com/John1wu
>Patrick o grady (System Engineer)
https://twitter.com/_patrickogrady
>Stephen Buttolph (the other Chief Protocol Architect)
https://twitter.com/stephenbuttolph
>Michael Kaplan (Senior Software Engineer who makes the Bridges)

>>50604444
the Brain behind the Avalanche Consensus.

>>49443399
she also copied Ted Yins homework from 5 years ago

>>26542427
AVAX fudders are nolinkers too, they dont know what IC3 is, why its special or that pic related has annunaki tier IQ
they just dont know and dont care because all that matters to them is to save their centralized shitcoin poorfolio.