/biz/ - Business & Finance

thanks god I'm holding AVAX, ty for the information anon

DAOhack:
>Users funds at risk, 20% of the supply drained
>50B$ in todays ETH value were stolen
>Took months to solve
>Required hard fork

AVAX minting bug:
>Users funds never at risk
>780 new AVAX minted, 40K$ in todays AVAX value were minted
>Chad ultimately secure consensus immediately recognized something is wrong and halted the network before more coins could be minted out of this air
>Require 1 day long patch, And it took that long because AVAX is decentralized network, If it was centralized it was fixed in few hours max

For disclaimer i'm ETH 1.0 fan and long time holder myself, Just trying to inject some sense into oblivious retards who pull this comparison.

>>26137123
>AVAX marketcap at 13$ by the time all 720M will be in circulation (Probably never but lets say 100 years):

9B$

>DOT marketcap at 17$ at the same time

340T$


You really don't want to go the fully diluted meme route here.

>ETH MC at 1200$ by the time AVAX will have 500M in circulation (100+ years):

1.1T$

>Polkadot MC by the time AVAX will have 500M in circulation

340T$


Fully diluted is a meme used to fud generally unsuccessfully, Meme coins already reached hundreds of billions Fully diluted value. total supply is a decent metric (AVAX will reach it in 9 years), 360M tokens, Going by this compared to all ETH competitors MC in 10 years will show you that AVAX still has at least x7-10 to do in order to only start getting its fair value relative to the market.

Seeth and neck yourself.

>earns x15 on a shitcoin
>sells shitcoin.
>buys AVAX and GRT.
>HODL
>Get RICH.

Avax getting more support and partners, makes me equally stronger
in 2021 i will get gigachad state ez

me pumping along with avax, swole af and ready to moon un 2021