/biz/ - Business & Finance

I haven't :P

Saw John Adler ripping new one to avax core team day after day so took deep dive in tech and sold around $50k usd of it lol
Maybe it pumps on hype, maybe not, but this is not next big thing
But I wish you gl avax bros

Dead on arrival. No partnerships, no projects running on AVAX and no news of upcoming ones either. It’s just a nothingburger until it actually starts getting used.

>>22835518
https://twitter.com/jadler0/status/1309207337031303169
https://twitter.com/jadler0/status/1309700901272248320

found the twitter thread, leaving them here in case anyone's interested
I haven't read them yet

>>22834951
100% of my Net worth is in Avalanche(AVAX) - unironically

>>22835518
>>22835687
kek decent and honest destruction of yet another panacea to the blockchain space
satsgang shills btfo

>>22835687
Im junior dev (met adler acually hes legit and more blockchain sceptic from tech perspective) and everything he sad is kinda true was looking forward for team to refute this but they just type shit like:
>"No rebuttal. This is totally accounted for and means nothing. "So what?" Is the only appropriate response."

Than you see avax bagholders going like:
>"Okay? And?"

Thats where I sold fuck it bah was to big to fuck around and this shit is not "Okay? And?" category
Take not this is only 2/6 avax dailys they keep comming if team cant muster up more than "so what?" this will look SO BAD imho

>>22835687
Interesting, did he do the same for fantom?

>>22835518
>>22835687
>>22835749
>>22835862

He got rekt and even ignored a challenge to a live debate.


https://twitter.com/stephenbuttolph/status/1309248348860354562

"There are two main ways to do it. 1) add a synchronous epoch. 2) perform a view change. 1 is a little scary because it requires stronger network assumptions. 2 is typically more complex to implement correctly."


"There are two main ways to do it. 1) add a synchronous epoch. 2) perform a view change. 1 is a little scary because it requires stronger network assumptions. 2 is typically more complex to implement correctly."
https://twitter.com/kevinsekniqi/status/1309221750039818244

"Tl;dr, epochs are literally coming very soon, and will immediately enable this feature, hence this thread is irrelevant.

Clearly Adler is just trying to take something inconsequential and spin it for attention. He has an open invitation to debate me at a technical level on a podcast if he's interested in pushing claims."
As for the rewards, the feature is already live and working lol.

>>22835518
>>22835687
>>22835749
>>22835862
He got rekt and even ignored a challenge to a live debate.

https://twitter.com/stephenbuttolph/status/1309248348860354562
>There are two main ways to do it. 1) add a synchronous epoch. 2) perform a view change. 1 is a little scary because it requires stronger network assumptions. 2 is typically more complex to implement correctly.

https://twitter.com/kevinsekniqi/status/1309221750039818244
>Tl;dr, epochs are literally coming very soon, and will immediately enable this feature, hence this thread is irrelevant.
>Clearly Adler is just trying to take something inconsequential and spin it for attention. He has an open invitation to debate me at a technical level on a podcast if he's interested in pushing claims.
As for the rewards, the feature is already live and working lol.

>>22835543
>It’s just a nothingburger
You are clueless. The Avalanche consensus algorithm is a genuine breakthrough in the underlying computer science. Nothing else has really attained that kind of a breakthrough on scaling.

https://www.youtube.com/watch?v=AXrrqtFlGow

>>22835543
>no projects
Some projects launched but many more are on the pipleline.

>>22835518
>>22835687
>>22835749
>>22835862
ok I read the whole thing and basically what he's saying is Avalanche 1) can only have fixed non zero fees, 2) cannot reach consensus on node up-time

1) They're implementing a governance mechanism for adjusting tx fee and researching on a flexible fee structure. I think they are aware of this situation.
2) Is a node up-time needed to be deterministically established when you can do a sampling on whether a node has >90% or whatever threshold up time? Looks like a pretty trivial problem.

>>22836309
>Adler is just trying to take something inconsequential and spin it for attention
I tend to agree

>>22836309
>>22836333
>>22836376
everything you wrote is proovin opposite of your claims lol

Anyway I wish you luck but not sure you know what are you buying hare

So out of AVAX and ALGO, which really takes the top spot? Do AVAX's issues drag it down a fair amount or is ALGO's supply a bigger issue? I've seen these two places at odds a lot recently.

>>22836738
At least Avalanche is a new consensus protocol, Algo just tinkered on old protocols and made a bunch of tradeoffs. Also they faked their stat.

>>22836376
>community can do this
>community can do that
and then the majority of coins are in vc, whales and team hands, trading with 1% of the supply
>presale
complete shitshow, people asked to get at least a minimum amount per registered person, since the queueing system allowed people to enter only when the sale was over, nope, the team ignored all of this
tech might be good, but then don't come to us pretending nakamoto consensus is bad and avax is good, cause avax is premined and distribution is flawed
YOU CANNOT FIX THIS
in bitcoin either you spent electricity, either you don't get jack shit, and THIS IS GREAT because MINTING IS NOT CENTRALIZED (remember, AVA is premined, so minting is centralized by definition), and BTC also pushes to increase ASIC efficiency (lithography improvements, silicon to graphene research, etc.) and it pushes for the research of renewable source of electricity.
Electricity cannot be counterfeited, it's dead simple, it's literally the most democratic thing we have in the universe.
Anyone, at any point of time, can be rewarded if they are able to do a breakthrough in energy production.
In Avalanche, if you arrive late, it's over, VC already got their bags, team got their bag, foundation (basically the same people) got their bag, basically everybody got their bag but you, that have to marketbuy with 1% of the coins in circulation pumping an artificial price.
SO YOU CAN FUCK OFF, YOU ARE NOT GETTING MY MONEY FOR A PREMINED VC SCAM

>>22837013
Fuck anon. You’re right. Sorry AVAX, I’m out.

>>22837013
holy based

>>22837013
>In Avalanche, if you arrive late, it's over, VC already got their bags, team got their bag, foundation (basically the same people) got their bag, basically everybody got their bag but you, that have to marketbuy with 1% of the coins in circulation pumping an artificial price.
/thread
The only reason we are here is to make money and so far every future gain is already price in since we are already in the billions dollar range.
There is no point to buy now, at least not until we see mass adoption that could justify it.
Good luck as a layer 1...competition is too high, and we already start having layer 2 solutions that can scale exponentially better than Avalanche.
Not a safe bet, not going to gamble my money on this, too much competition on L1 and fucked up tokeconomics are a red flag for me.

>>22836505
>1) They're implementing a governance mechanism for adjusting tx fee and researching on a flexible fee structure. I think they are aware of this situation.

There will be a "governance mechanism" for many things including variable-fee. It's already on their todo list and it's high priority.

>2) Is a node up-time needed to be deterministically established when you can do a sampling on whether a node has >90% or whatever threshold up time? Looks like a pretty trivial problem.

Yes. The threshold is even lower (60%) and the uptime feature is already live and working.

John Adler is smart but dishonest.

>>22837013
>In Avalanche, if you arrive late, it's over,
it's not, retard.
$ = money someone had to work for. USD doesn't grow on trees, it's a proof that you had to work for it.
pump and dumpers are the only ones mad about distribution

>>22837806
>USD doesn't grow on trees
USD are unironically printed out of thin air and backed by nothing

>>22834951
proof of stake = failure

>>22834951
feeling comfy with my fat stack. Should be able to retire of this mofo.

>>22837013
Your reply is filled with falsehoods so you must be a very desperate, probably bought at $17k.

>and then the majority of coins are in vc, whales and team hands, trading with 1% of the supply
A quick look at info.avax.info shows this is a lie,
Seed sale: 2.5%
Private sale: 3.46%
Public sale: 10%

as for prices,
Seed sale: $0.33
Private sale: $0.5
Public sale: $0.5

10% of seed, private and public are unlocked on day 1.
>complete shitshow
The ICO was perfect.

>people asked to get at least a minimum amount per registered person
There was a limit of $25k per person. Retail bought before the whales.

>since the queueing system allowed people to enter only when the sale was over
Another lie. I waited about 20 minutes then bought. Everyone got in before the whales were allowed.

>the team ignored all of this
Another lie. The team listened and imposed a checksize of $25k and increased the public sale allocation by millions to let us all buy.

> but then don't come to us pretending nakamoto consensus is bad and avax is good, cause avax is premined and distribution is flawed
Satoshi or a couple of early miners own about 10% of Bitcoin's supply. It was proven recently by a pro-BTC researcher that Satoshi used a non-public optimized miner. That's equivalent to a pre-mine or big ICO allocation.

Distribution aside, PoW is a peace of shit, it can be attacked, it's slow and not decentralized.


1/2

>>22837806
>pump and dumpers are the only ones mad about distribution
so according to your definition:
- retailers (basically the people who work hard) are pump and dumpers
- venture capitals are not. lol, VC are basically turbojew sharks.
lmao, you really want people to hate this coin

>>22838043
>The ICO was perfect.
FUCK OFF ANON
I registered, waited in the queue, did the login and everything was sold
JUST FUCK OFF
we also contacted the team, to give at least a minimal amount of coins for all the people that could not buy because of the random queue, and nobody gave a shit
SO JUST FUCK OFF

>>22838009
Why?

>>22838087
Why are you seething? Just buy a bag now if you want in so desperately.

>>22838043
>There was a limit of $25k per person. Retail bought before the whales.
this is also false, there were some eth ico whales that bought millions
FUCK OFF WITH FALSE STATEMENTS

>>22838132
>just buy at 10X bro

>>22838043
2/2
> also pushes to increase ASIC efficiency (lithography improvements, silicon to graphene research, etc.)
Fuck ASICs. A truly digital coin can't rely on hardware, a couple of manufacturers, and a Chinese cartel.

>Electricity cannot be counterfeited
What prevents the government from consisting your precious hardware? they know the location of most mining operations.
What prevents the manufacturers from backdooring it? You can't audit hardware. Intel and AMD are already backdoored.
What prevents the government from asking manufacturers to build them enough miners to reorg Bitcoin? What are you gonna do? Fork to a GPU algorithm? you will get reorged with GPUs. What are you gonna do? Increase settlement time? No one will use a slow shitcoin that takes a day to settle.

You will always be under the mercy of miners and goverments.

>In Avalanche, if you arrive late, it's over, VC already got their bags, team got their bag, foundation (basically the same people) got their bag, basically everybody got their bag but you, that have to marketbuy with 1% of the coins in circulation pumping an artificial price.
Already proven false: info.avax.network

By the way, this is the locking schedule:
Foundation (10 years vesting)
Team (4 years vesting)
Strategic Partners (4 years vesting)
Airdrop (4 years vesting)
Community & Development Endowment (1 year vesting)


>SO YOU CAN FUCK OFF, YOU ARE NOT GETTING MY MONEY FOR A PREMINED VC SCAM
I wouldn't want a retard like to make money. You deserve to go down the PoW ship.

>>22838189
*confiscating your hardware

>>22835687
but he got BTFO and didn't reply?
https://twitter.com/ViolentlyDull/status/1309286932124512256
This guy Adler is FUDing and putting a lot of work into it. Why?

>>22838087
I'm sure you are lying as usual. Retail had plenty of times to buy, like 2-3 hours before whales were allowed. The entire sale went for like 4-5 hours.

Everyone was happy after the sale.

>>22838043
>Satoshi or a couple of early miners own about 10% of Bitcoin's supply. It was proven recently by a pro-BTC researcher that Satoshi used a non-public optimized miner. That's equivalent to a pre-mine or big ICO allocation.
God what a retard, everybody can build his own miner, that’s not equivalent to a premine, you still need to mine the block and spend electricity. Jesus, this looks like the ETH 72% presale mental gym justification.

>>22838142
Yes you fucking retard whales bought but AFTER retail. The checksize was lifted like after 2-3 hours.

>>22835518
congrats on falling for it and selling a make it stack, probably straight into Adler's hands, lol

>>22838165
*Buys at 25x in a few months*

>>22838269
No you dumb fuck, only Satoshi and a couple of guys knew about Bitcoin at the time, the inflation rate was very high and the difficulty was low, so that's very equivalent to pre-mine or a big ICO allocation. End result: 1 or couple of guys own 10% of the supply with NO VESTING. He/they can crash Bitcoin at any time.

>>22838246
>Everyone was happy after the sale.
LOL
https://twitter.com/avalancheavax/status/1283419073628577792

>>22838313
This.

Loser mentality is to think of missed not potential gains. Many retards said the same about Ethereum and Bitcoin in the early days and now they are suicidal.

>>22838338
>1 or couple of guys own 10% of the supply with NO VESTING
Oh shut up idiot, 10% is 2.1M BTC, satoshi mined 900k at most
>no vesting
2009 was 11 years ago, nobody sold, he could be dead for what we know and if he is alive is is certainly not going to risk to get discovered, so you understand the fucking implications for his life?

>>22838364
71 minutes.

+1 hour and you still had option to purchase from pool B.

". There is a maximum check size of $25K USD for the first four hours of the sale, and then increasing to $2.5M USD for this allocation."

>>22838404
You don't know who he is. You don't if he handed his bitcoins to someone else willingly or not. The owner of these coins can crash the price at any time and even cause a mining death spiral (another reason why proof-of-work is a piece of shit).

>2009 was 11 years ago,
but here you are shilling a 11 years old technology that failed the creators expectation.

>p2p cash
lmao

>decentralized
Fuck no. He wanted everyone with a CPU to participated in consensus. 1 CPU = 1 vote. Now few fucking chinks can stall forks and threaten the security of the network.

Avalanche is Satoshi's true vision.

>>22838536
>mining death spiral
Hashrate is dynamic you goddamn faggot
imagine trying to shill your own brand new shitcoin while shitting on BTC, you must be completely out of your mind.
Try to beat Algo and Polkadot first which are competitors of similar size, you will not even reach ETH, so you have to be fucking delusional to think this random x premined shitcoin is better than BTC.

>>22834951
Awesome project but that fucking supply.... all the money will just go to the private investors and we won’t ever get a moon

>>22838536
>Avalanche is Satoshi's true vision.
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
The guy saying that Emin was the new Craig Wright was right...anon I...

>>22838658
It takes many blocks to adjust the difficulty, retard. Miners would have to keep mining at a loss (about two weeks) until new difficulty is reached. What a shitcoin.

"The theory describes a vicious cycle in which falling prices cause a decrease in mining profitability. As mining becomes less and less profitable, more and more miners shut down their operations.
As a result, fewer and fewer transactions get processed on the Bitcoin network; as fewer transactions are processed, users grow increasingly frustrated with the network’s limited ability to process transactions and begin to sell off their assets. Miners and users alike keep exiting the network until bang–everyone is gone and Bitcoin is dead, rest in peace."
>>22838690
http://info.avax.network
Seed sale: $0.33
Private sale: $0.5
Public sale: $0.5

>>22838732
No one is claiming Emin is Satoshi. Avalanche objectively meets the goals of the whitepaper more than Bitcoin.

P2p cash?
-Confirms in less than 3 seconds.
-4.5k throughput (Visa at peak hour does 4k).
-Very low fees.

Decentralized?
scales to tens of thousands of validators.

Bitcoin's technology is obsolete, the only reason you are shilling is it you are a bagholder.

>>22838941
come back without a premine and then we can start the conversation

>>22838988
>he still thinks Bitcoin isn't premined

lek kys
The conversation is already over. Avalanche (or another coin that adopts its superior consensus algorithm) will make all cryptos obsolete. It's just a matter of time.

>>22839070
>BSV already won

>>22839125
BSV uses the same inferior technology as BTC with not network effect. Actually, it has negative network effects.

There's actually some interesting discussion in here if you ignore the guys posting the same incorrect info in every avax post which is just easy to see and skip over now

>>22839830
anyone with a working brain can find all the FUD BTFO in this thread. At this point it's obvious that Adler (and certain people in this thread) are dishonest.

That's because if AVA does turn out to be correct, it's going to turn all of crypto upside down. Read and understand if you can.

what's the difference between subsampling and sharding?

>>22837013
>Electricity cannot be counterfeited, it's dead simple, it's literally the most democratic thing we have in the universe.
lol, you've got to be joking
Electricity is just another form of money. You can buy lots of expensive computers to mine a fraction of BTC. Or you can buy a token directly from miners/stakers at market price.
Guess what the average, "democratic" BTC holder did.

How do Avax resolves forks?
Let’s say tomorrow some random chink like Justin Sun, start copy-pasting the code and launch AvaTron, how do people reach consensus on which one is the real Avalanche?
Only user usage?
Just asking, cause in BTC it’s easy, biggest hashrate wins and people follow that particular chain, but with Ava? It is just “social consensus”?
Social consensus is BTC, nobody is going to move, especially when S&P money is entering at massive rates.

>>22840406
>AvaTron
Where to buy, sir?

>>22840406
First mover.
"biggest hashrate" is just another social consensus btw. Nothing special about it.

>>22834951
Please save the shit that is Ethereum with this. Can't wait for the Athereum airdrop.

>>22834951
Ethereum is Aeons ahead of all these new shiny useless toy projects.

Nobody want to wait months for it to move 5%. Come back when its gonna moon

>>22840946
>people actually believe this
ethereum is dead, it doesn't scale and eth2 will me a mess, so all in all, it's a dead man walking project

HAHAHAHAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHAHAHAAAAAAAAAAAHHHHHHHHHHHAAAAAAAAAAAA