/biz/ - Business & Finance

>>52244578
gas is down to 1 cent thanks to subnets.
>https://cointool.app/gasPrice/avax

>you can get 30 sec everytime on Ethereum if you pay up
>to big money 7 Dollar is nothing
sorry mate, you've been totally brainfucked by ETH whales if you think transaction costs over 0.10 cents are OK. AVAX subnets let market dynamics pair security to transaction cost. In other words, your coffee purchase won't get crowded out by jeets washing trading NFTs. On Avalanche network they will be on different subnets which will have a different tolerances for state bloat, different VMs, even different sybil protection(you can create subnets with POW if you want).
Cosmos fags where right: multi-chain is the way. L2 like Arbitrum has it's uses too, but it's limited by finality time and inherently more centralized than L1, especially compared to AVAX which has no limit on the # of validators.

>muh inflation
AVAX has a hard cap of 720M tokens and it burns fees meaning it will ultimately be deflationary. Currently inflation from staking (actual inflation, not unlocks) is about 9%.

Even if all those 720M tokens were magically dropped into the market right now, then that would only be a 60% price drop due to what would normally be 20+ years of inflation. An altcoin like AVAX that has far superior tech than ETH is basically a guaranteed 50x. So what does the inflationary doomsday scenario give us? 40% off a 50x, yeah I'll take that anyday.

>Eth has 0% ast the moment
I don't expect ETH to die a quick death and I like the changes to it's tokenomics which is why I still own some ETH. However in terms of fundamentals it's already dead, killed long ago from technical debt and dev infighting. The new deflationary supply model was simply put in place to give whales one final pump before they move on to greener pastures. One way to put it: ETH is a corpse, but you can still make money by investing in the maggots.