/biz/ - Business & Finance

>>25916080
Sentiment looks good.

Sorry I have no FUD.

>>25916080

>Less than 20% total supply
> Already has a diluted market cap of $5,590,679,985 so way overvalued and no room to grow
> Constant coin dumps by devs
> another 'Ethereum killer' ghost chain like EOS
> Shilled on biz is a big red flag
> Literally did a 5X in a week, no mentions of i on biz before the pump

Sure buy a shitcoin at the top and wait to get dumped on by devs when the unlock happens next month.

>>25916080
Token name is Avalanche but ticker has an X in it

>>25916080
>FUD?
>yeah just stay poor

>>25916080
>Knowingly buying the top

>>25916198
>Sure buy a shitcoin at the top and wait to get dumped on by devs when the unlock happens next month.

How much is in the unlock?

>>25916080
This coin is literally unfuddable

>>25916080
none of you fuckers actually understand how it works in-depth and some hacker might come along and compromise the C-chain (which, of course as you know, works on the Snowman consensus variation of the Snowball protocol, unlike the Avalanche consensus which is a DAG implementation) exposing systemic weakness in the network and causing the price to tank to sub $1.

>>25916312
I wonder if such a hacker exists and if he is waiting for as much price increase in AVAX as he deems profitable before executing the hack

>>25916198
wtf we have been telling biz since the ICO was done.

>>25916312
translation for biztards: turkish cuckroach devs worse than pajeets

>>25916289
market cap exploded 2.5x for the last unlock
it'll be the same this time because 70% of the circulating supply is staked

>>25916289

Big unlocks (22%) coming soon.

https://avax.dev/unlocking

>>25916198
> Already has a diluted market cap of $5,590,679,985 so way overvalued and no room to grow

The fully diluted in avax case shouldn't be taken into consideration unless you're willing to hold for the next 200 years. The 360M total supply number is the one you should take into account and even that will take 6+ years to enter circulation at its fullest.

AVAX is undervalued by at least x7 going by total supply btw (Compared to other shitcoin total supply valuation of course).

> Constant coin dumps by devs

miserable fud can be applied to any shitcoin

> another 'Ethereum killer' ghost chain like EOS

The most successful mainnet launch of all time, already the third most decentralized network and did in its first 3 months more than any chain did in that short period of time

>Shilled on biz is a big red flag

Except it's the BTC/ETH/LINK version and not Holochain/EOS.

Avax is already the biggest quality memes generator on this board (Memes being copied to other shitcoins daily), Sound dumb but this so far been the most accurate measure to predict future success.

>Literally did a 5X in a week, no mentions of i on biz before the pump

Did less than x3 and still x6 away from ATH in sats which should happen in this quarter. And it been shilled here daily by kind anons during the first 14 weeks of red AVAX:BTC candles.


On top of that AVAX is technically unfuddable.

horrible distribution. have fun getting dumped on newfags.

AVAX has no FUD. That’s why you should buy as much as you can.

>>25916440
Genuine question, what problems does avax solve? I bought link because shillers here said about some oracle thingies and it does make sense, how about this shit coin?

>>25916519
The ‘newfags’ are all earning 10% staking rewards, retard. Why would anyone dump an asset that is showing massive gains and pays an inflation-busting income?

>>25916554
yeah that totally debunks my concern. you can also just stake ETH for 12% APR right now and don't have to fear that a hand full of whales dumps on you any second.

>>25916550
It's the first blockchain to solve the trilemma without cutting corners and being scammy about it, Thus the only progression to the layer 1 space since Ethereum.

People got used to scams in the smart contract war, now when the real deal came they can't differentiate because the world and beyond was promised by ponzi masters.

>>25916550
In about two weeks time an Avalanche based DEX will launch which will settle trades in under a second and cost less than a cent.
Have you noticed how horrific and clearly unsustainable Ethereum base DEX have become? The infrastructure can’t cope.
The unironic avalanche of traders away from Ethereum to Avalanche, driven relentlessly by game theory, will ensure AVAX is a spectacular success.
Expect to see $100 AVAX within weeks. After that, $1k+.

>>25916615
Ethereum isn’t demonstrating massive gains. In fact, it’s about to show draw down territory. Try to FUD harder.

>>25916633
What's trilemma? I only know munchausen trilemma, at least linkies dumb it down by calling it json parser which is easy to understand.

>>25916662
A lot of shitcoin offers faster settlement/tx than btc but it doesnt dethrone the king no?

>>25916693
You can’t compare Bitcoin and Avalanche/other coins.
Bitcoin is the best at what it does. Avalanche is the best at what it does.
Indeed, vombined, using AVAX-wrapped BTC, they will be incredible.

>>25916312
That's actually a good point I had in my mind too. My point regarding peer review was disregarded with "he cornell". Still does not mean he won't be willing to roll the dices by glossing over potential issues. If you tell me he made it already big time I will relent a bit on this issue but still.

I mean I also have not read the enormous pile of papers for Cardano but at least the professionals have.

>>25916550
scalability

>>25916519
Explain please. Also how do you check this.

>>25916440
>Ghost Chain
I don't like this reasoning but the question is - why do you expect this to be adopted as opposed to the other, less obscure solutions?

>>25916633
>It's the first blockchain to solve the trilemma
No. Cardano does this too and am sure others do also. Please be rational.

>>25916662
Can someone refute this?

>>25916804
>That's actually a good point I had in my mind too. My point regarding peer review was disregarded with "he cornell". Still does not mean he won't be willing to roll the dices by glossing over potential issues. If you tell me he made it already big time I will relent a bit on this issue but still.
>
>I mean I also have not read the enormous pile of papers for Cardano but at least the professionals have.
His h index is retardedly high

just went short thanks

>>25916837
thanks, hoping to pick up some more cheapies

Why won't it go down?? This fucking turk is invincible

>>25916865
To be honest this turks dev is really the best fud for me. Why would I trust a roach?

>>25916819
I get that he's competent but is there any discussion on disproving attacks, at least by himself?

Whenever I read whitepapers they only mention the attack vectors they can handle and just gloss over the others. Which is irksome, I can't become an expert in every single field myself to debunk shit.

>>25916886
Oh fuck off

IT IS NOT FANTOM

>>25916990
good

>>25916804
your faith in "academic review" is as laughable as the people who hold AVAX without really understanding the network. Academics are generally sheep and brainlets, take it from a physics PhD. Smart people make money, only some real weird autists are actually smart and in academia.

The matter of the fact is that investing in ETH killers, especially new ones, is always an uncertainty unless you completely understand it yourself. Which 99.999% of biz (and 90% of academia) is too fucking retarded for.

ETH and BTC are the only networks that are really proven at this point. And even they have some uncertainties still. But it's apparent they cannot be compromised easily at this point. This is why you brainlets should just invest in middleware like LINK, easier to understand the value proposition.

>>25916804
>No. Cardano does this too and am sure others do also. Please be rational.

If i remember correctly in ADA the number of nodes participating in the consensus deem it centralized, Also it maxed out at 240TPS without L2 which then defeat the point+ADA latency is 20 sec, It's a massive difference from the sub 1s in Avalanche, a difference that could lead to a whole new use cases that aren't possible in ADA.

>>25917042
Makes sense.

>>25917042
Your post is peppered with logical fallacies. You are clearly not as smart as you think.
On that ad hominem, try to counter-argue that Ethereum is not fit for purpose. It cannot cope with the reasonable demands of the crypto community.
Avalanche is superior to Ethereum is every way, except market cap, which will soon be addressed.

>>25916080
>buying avax when this is around the corner
NGMI

>>25917309
too little, too late
nice try though

>>25917264
isnt this what a lot of "btc killer" advertised? Faster, more secure, better and so on than the old king? First mover advantage is yuuugee in this scam space.

>>25917042
>ETH AND BTC ARE THE ONLY NETWORKS THAT ARE PROVEN BECAUSE I SAY SO AND IM SMART
>BTW BUY LINK

kys

>>25916080
Algorand will dominate Avalanche,have fun missing the future trillion dollar market cap

>>25917502
Why

>>25917518
if you know you know

>>25917554
With other words: He doesn't know himself but want's his algorand bags to pump

>>25917502
imagine believing algo is better than avax

>>25917042
>Academics are generally sheep
True.

>and brainlets
Or they just don't like sucking some two digit IQ MBA's cock in the industry and like tinkering/researching in peace.

Maybe what you say is different in physics, most arrogant people I met. CS was just a bunch of nerds who want to cood.

>Smart people make money
Smarts isn't everything. Being in control of your emotions enough to dare to unplug is also needed. Also some people prefer feeling part of "the greater good" which is on average considered orthogonal to making money (depending on whether you ask lefties or libertarians).

>ETH and BTC are proven
kek. Yahoo was proven too as was the horse-drawn carriage.

>>25917082
Cardano has already over a thousand pools: https://pooltool.io/

>sub 1s in Avalanche, a difference that could lead to a whole new use cases that aren't possible in ADA
Good point. I wonder though how easy it would be to just plug this onto Cardano as a layer 2 or something, or protocol update.

>Ok sure but why not buy AVAX right away instead
well I am still waiting to hear if it's provably secure. Cardano is for me so neat because it won't get any more rock solid. If bitcoin is gold (useless shiny rocks) then ADA is diamonds.

>>25917359
I dislike the first mover argument since it is often brought up regarding why BTC/ETH are supposed to be king/queen. At least the queen plans to get on a workout programme (PoS) in about two years but her husband is just comfy with being a chain-smoking obese rent seeker.

>>25917608
>I dislike the first mover argument since it is often brought up regarding why BTC/ETH are supposed to be king/queen.
That's the reality of this space. BTC's tech is slow and outdated yet its the only thing that can move the entire market, the argument of AVAX is better version of ETH wont move the market I presume.

>>25917608
fair points. Definitely agree on some physics academics being the most obnoxious people I ever met

>At least the queen plans to get on a workout programme (PoS) in about two years but her husband is just comfy with being a chain-smoking obese rent seeker.
kek

>>25917608
>well I am still waiting to hear if it's provably secure. Cardano is for me so neat because it won't get any more rock solid. If bitcoin is gold (useless shiny rocks) then ADA is diamonds.
https://crypto.bi/avax-validation/
Proof of Correctness
Nodes must produce correct transactions and vertices.

When a node begins to misbehave, other network nodes will ignore its future transmissions and/or include it in some form of ban list.

If the node is banned, then it becomes impossible to attest its uptime. So the system is self-protecting in the sense that foul play gets removed from the network rather quickly.

By eliminating rogue nodes from the network, the protocol rewards correctness.

>>25917608
Funny fact, Emin built the first POW coin in 2003, 6 years before satoshi, Called "Karma", It was "peer reviewed".

>well I am still waiting to hear if it's provably secure. Cardano is for me so neat because it won't get any more rock solid. If bitcoin is gold (useless shiny rocks) then ADA is diamonds.

Well Avalanche consensus is more secure than both Nakamoto and Classical, Although in tradeoff of liveness, But it's theoretically more secure.

>>25917264
>Avalanche is superior to Ethereum is every way, except market cap
Market cap and amount of projects built on it, and dev base working on it. That might change but as of now that should give you some pause, ETH currently holds much more value and infrastructure.

This does a better job at explaining avax than any anon here can do, your welcome

HOW DO UN LOCKS WORK

THEY ARE LEGITIMATE FUD

>>25917853
diamonds > other useless shiny rock

>>25916198
i've seen many shill posts before it started moving, and i've been a part of teh shilling aswell

>>25917742
Again I'm in it for application and right now tell me one actually in-use application of crypto outside of finance and black markets.

The first mover argument is legit so far as the first mover wins if they suffice. Betamax and VHS, both can play video just fine.

If the incumbents suck (Altavista) they get BTFO'd by the fix incredibly fast. Etherium sucks right now.

The question is: Is Avalanche significantly enough better than Cardano (or the ETH-killer/fixer of your taste) to win out. Just as Etherium is going to pivot to PoS maybe Cardano could just tack on something that gives fast enough transaction speeds for whatever usecase you desire. For example, interoperability with AVAX or just ripping off the algorithm.

>>25917818
Ok fuck this guy really is a beast.

>>25917853
>amount of projects built on it
What are the user counts of those projects?

>>25917864
neat

>>25916104
Where can I see this

Again, my personal reason to be attracted to Cardano is Haskell and formal verification which I realize is not something most people would care about.

>>25918142
CoinMarketCap newfag.

>>25918205
No but it makes for good & secure software. That has value. I'm fairly sure ADA will rocket to $1 in Q1/Q2 of this year, around the time of the Goguen release. If not sooner.

AVAX seems interesting enough though. Not sure if it's worth sacrificing a piece of my huge staked ADA stack for. Too new. Too large of a market cap and price at ATH...

>>25918053
yeah avax didn't survive the last unlock, price went straight to 0.

>>25918136
cardano has a finality time of like 5 minutes, that's slow AF. You also need a high end computer to be a validator on cardano.
Shit's centralised aswell.

>>25918053
>>25918329
people got in with ipo, about 50% is lifetime staking rewards, 50% was bought up by team and IPO that unlock in tranches

>>25918229
you should learn to use coingecko. cmc is for normies who dont know it's own by cz

>>25918351
oh wait, the high end thingie is a solana thing, mixed things together but the finality still stands

>>25918290
Yeah same. Let's watch this for another three weeks or so. Bonus points I don't need to sell my ADA then and AVAX could provide a solution to the feel that I suddenly get only a third of ADA for my fiat :^)

>>25918351
>high end computer
Raspberry pi. Pic related

>Shit's centralised aswell.
Active Pools: 1,451
At least one lovelace staked
https://pooltool.io/

>>25918205
javascript adoption vs haskell

same principle

>>25918669
http://paulgraham.com/avg.html

There is an advantage to not being retarded even if everyone else is. Javascript is for frontend which is why it's "popular" (most people I talked to hate it).

>making finance applications out of js/ a js-based language

>>25916367
could the same happen to GRT because many of GRT token are already locked away?

Best exchange to buy besides binance? Binance US doesn't carry it

>>25916615
You better pray to whatever god you believe in that someone actually uses eth 2.0, because from where I’m at it looks doa as better solutions (avax) already exist

EXPLAIN UNLOCKING NOW

THIS SHIT IS THE DEALBRAKER

>>25917818
>theoretically
sold

>>25918921
>article about how is it correct to perform tasks with a superior language BY YOURSELF
>doesn't speak about making an ecosystem of developers and solutions, flourish. how to make the mindshare of it blossom in the marketplace

>>25920271
top kek

>>25920157
seconded

>>25920271
kek

>>25920273
>giving a shit about retarded devs
The money comes from the end users right? They are allowed to be brainlets, the devs not.

>>25920157
>>25920602
Did the price dump to 0 during the last unlock you brainlets?

>>25920801
DOES THAT MEAN GRT PRICE WILL ALSO SURVIVE THE COMING UNLOCK AND IT WAS ALL FUD?

>>25920905
grt is shit avax is the real deal sir do the needful

How do you even buy this if you’re in the US

>>25916804
>No. Cardano does this too and am sure others do also. Please be rational.
Cardano has less TPS, slower finality, less secure network, less decentralized, and only supports haskal programming language.

Meanwhile avalanche is better in every way and supports a range of different languages, c++, rust, solidity, python, go, ect...

>>25920157
>>25920602
https://info.avax.network/

>>25916423
What does this mean?

>>25921518
The way I see this, is that if AVAX doesen't live up to the expectations, this will decimate it. But if it's an ETH rival then this will just help spread out the coins, and long term the drops in price caused by them won't matter. If the latter is true, then waiting until after the rate has stabilized for most of these it will already be "late" in the game price wise. This is a huge gamble as far as I am concerned, but for those 10x+ gains there is no way around taking incredible risks.

>>25921518
thanks

>>25921410
most of this is wrong but am done for the day

>>25916198

oh yeah because the great dump really happened on the unlock in dec

try again retard

>>25916693
Faster is nice but the missing piece until avax was speed while keeping or improving decentralization and security.

>>25921929
on second thought

>less tps
Ouroboros hydra supports 1000 tps per head, so with a thousand heads that would be 1000000tps.
At this points it's a vanity metric.

>slower finality
technically true but not sure if it's a problem. Would be really nice to have I admit that. Will probably buy the 1k or so you need for running a stake pool when goguen peaks or DCA into it from coming paychecks. Market needs to cool a bit too.

>less decentralized
technically true but not a problem.

>less secure
this is what rustled my jamesons. yeah 51% is less than 80% but that's not the attack vector you should be concerned about. if you need to buy half the mcap to rob it sybils are out.

The main issues are algorithmic and code-wise holes, which Cardano tackles with peer review and formal verification.

>only supports Haskell
https://www.youtube.com/watch?v=k8a6tX53YPs&t=1s

>>25922232
All true, but if you then look at the market cap of AVAX and the market cap of ADA, ask yourself which one has more room to grow(price-wise)

>>25922434
Well I'm hodling ADA because my eyes are on ETH. ADA has been around longer and is #5/6. Let's see how that Pangolin will turn out. Like I said it seem really neat.

>>25921751
>if AVAX doesen't live up to the expectations, this will decimate it
and it'll have nothing to do with the unlock schedule, Ethereum had 72 million ETH at genesis (still 63% of current supply)
In multiple interviews Vitalik said he regret not vesting more ETH for long term development, I think Ava Lab learned from this

>>25922655
Yeah, there is definitely more risk with AVAX. But there's also a lot more potential gains with it. I actually hold both ADA and AVAX because both have insane potential

>>25916080
There are only two reasonable FUD points.
1) It's new technology and thus not Lindy, i.e., stood the test of time.
2) Unlocks could cause dumps.

Not much to say about 1) but the team is clearly technically superb. Great coders still make mistakes of course.
As for 2): Last unlock had surprisingly little impact on price, but there was a dip. If I didn't buy the low I might be concerned about it. For people just learning about Avalanche I suggest waiting for the unlock and buying the dip, if it happens. The problem is that the Ethereum-Avalanche bridge is coming, and the big uniswap clone too. It could be that we never see prices this low again.

>>25923121
That's what I'm afraid of, I kind of want btc to crash so I can load up on it

>>25923121
Good point. Could you give certain dates for those events? Putting them into my calendar. Getting exited now and made a good 3x with ADA that I can afford to gamble a bit. Some premium nerds coming out of their basements to blow shit up is also right up my alley.

>buy avax
>wait for it
>you are rich

Single digit Avax cheap Avax

The only reason I'm afraid is that unlocks may dump the price but Avalanche technology is fundamentally strong!

>>25923362
Unlock schedule is here >>25916423

I invest in avax one month ago. I think i choose wisely

What do you expect it peaking at? 14usd-20usd?

>>25916104
Sentiment is not good, it's fucking amazing. 2021 will be the year of Avalanche, wait for it when it takes over both the Ethereum network + some of the financial systems we currently use.

Avalanche!

Avax go to moon at the end of year

>>25923626
>https://avax.dev/unlocking
oof that's quite some time in the future

last unlock was on the 9th december. check how the price reacted.

>>25923640
peaking? >$1k

>>25923640
360m x 1000 = 360B

could go higher than that if it really is a eth/ada/btc replacement

>>25924181
kek thanks. Just bought 500.

>>25924232
>>25924497

That's a bit hard to believe but wouldn't mind it.

>>25916080
My main issue that no one on biz seems to understand is that no projects have announced they're building anything on Ava. If there are no developers, it's a useless chain.

>but it's faster!
>but gas fees!
>but it has the EVM!

These points mean nothing if developers don't use it. Right now the tooling sucks. More and more projects are being built on ETH every day because it's tried and true. We're seeing more and more projects announce L2 scaling efforts as well.

TL:DR - Ava needs to attract developers before Eth solves scaling in order to succeed

>>25925191
all tools used on ETH can be used on AVAX

'member when biz shilled HOLOCHAIN
'member when biz shilled IOTA
'member when biz shilled unfuddable BitConnect
'member when biz shilled Antshares
'member when biz memed Chainlink and everyone believed it was a joke

pepperidge farm remembers

>>25921410

Cardano is verifiably the most decentralized blockchain in the world, but you can choose to remain ignorant, that is your right as a born brainlet.

>Cardano is verifiably the most decentralized blockchain in the world, but you can choose to remain ignorant, that is your right as a born brainlet.

>>25925315
But there are no devs building?

>>25925573
remember kids, do the opposite of what biz says

>>25925647

Fuck off Ranjesh

Platform cannot scale and lacks the ability for atomic compatibility. Oh wait sorry they will just tack that on later when they feel like it.

>>25925807
based avax acoomulator fudding

>>25925661
https://www.avax-projects.com/

>>25925191
This, nobody is fucking interested in it.
>>25925315
Wow so why not just stick with eth or eth 2? or polkadot? radix?

>>25925888
radix is not shilled bizmen

btw where can one buy radix dlt tokens?

>>25925888
>Wow so why not just stick with eth or eth 2? or polkadot? radix?
lmao just shilling your bags now

>>25925938
>shilling bags.
No dumbass do you even know what the fuck avax is? all those other things I mentioned are its competitors.
>>25925933
Petty sure you can grab it on uniswap

ngl but the swiftness with the responses by pajeets in this thread to anyone questioning their project should set off red flags on its own.

>>25926008
all of those are eth clones with inferior tech

AVAX lets you build custom blockchains with <1s transaction and finality with negligible fees on it to comply with regulation for whatever you're using it for (blockchains can set their own internal validation system) and you can instantly port all your ETH development to it and get the benefit of the efficiency of the AVAX network

It's like buying address space on the new internet of blockchain ledgers

It's bigger than you think NIGGER

>>25925869
>67 projects
>only 3 dapps

Isn't it funny that they feel the need to inflate that number? A lot of the tooling is still complete garbage. Have you tried using any of the explorers?

>>25926177
here we can see a bizmen in its natural habitat again shilling AVAX

not shilling RadixDLT

AVAX is Holochain HOT token

ChainLink was the meme of /biz/raelis
RadixDLT they dont tell you about

>>25926177
>all of those eth clones with inferior tech
>durr muh token good cuz urs are not good
Not an argument pajeet.

>>25926288
Chainlink had some actual tech that benifited the market.

>>25926411
Explain to me what this fud is supposed to mean jitendra

>>25916080
Extremely bulls coin gem unlike every other eth killer ! BULLS TIME

>>25926511
It means your fucking platform does not scale.

You can't just work on an engine once the car is already on the freeway you curry motherfucker. Your boy here pretty much admited your platform can't do atomic compatability, meaning projects on your platform don't work together seamlessly and without conflict.

>>25926626
That's all wrong though ranjesh

>>25926444
bizraelis memed chainlink, and not in a good way like with RaiBlocks/NANO.

bizraelis shilled Holochain in the same way as you are shilling AVAX now.

>>25916080
>>25923976
You will NEVER see this coin undr 10 dollars within this month.

An eoy you will realize that you wil NEVER see it under 20.

>>25926626
fuck off sanjay gupta

>>25926626
your radix is a centralized shitcoin, nobody cares for that reason

>>25916198
>>25916423
looked at the past charts, nothing happened during the unlock

>>25927138
Don't care, keep shitting on it. Fuck ill uelp you. Its an erc 20 token atm and mainet took 7 years.
Going to keep accumulating. Enjoy the dump boys.

>>25926841
>shilling avax.
Its a shit platform

>>25926837
>>25927138
>s-s-shut up *wipes snot off nose*
>its not a shit coin, its a coolcoin!
>im not a loser, i don't just buy bags of useless garbage and shill it

>>25927265
>>25927283
>>25927339
you're literally shilling an ethereum shitcoin instead of a blockchain that Vitalik himself has endorsed

>>25920157
last price dump at 12/9 didn't do anything

>>25927466
>VITALIK HIMSELF ENDORSED.
>GUYS THIS ONE POPULAR GUYS SAYS THIS THING IS COOL. YOU WOULD BE RETARDED TO NOT BUY.
Yea and people who are considered financially geniuses disavow bitcoin when it first came out. Idgaf about that shit, i care about the tech and what it offers.

>>25924608
>he bought the top
kek

>>25927339
Isn't RADIX only going to have 100 validators? I know they promise to have 1000 or more later, but AXAX is already out and already has over 700. What compromises will RADIX have to make to go over 100 while maintaining performance and decentralization I wonder. AVAX delivered. RADIX has been working on shit for what? 7 years?

>>25927953
Also, how's the inflation on RADIX, buddy?

>>25927953
>>25928003

No your right. You got me.
Guys go buy more avax. The shills have won.

>>25928173
Why are you sounding so salty right now? Jesus. You are saying people are just whoring for a project and yet you can't answer questions yourself...

>>25928244
Oh wait right sorry forgot to post this.

Question has Emin answered the question of atomic compatibility? Or will he just do that later too?

>>25916080
biz graph looks pretty organic.