/biz/ - Business & Finance

now that the dust has settled
why u no buy some avax
my fud?!

>>28562121
>NO DOUBLE SPEND
that was literally a double spend
>same output was added more than once
>we prefer to call it 'minting' rather than double spend

>>28562682
Nice try, Ranjesh. It's over. Pack your bags and head back to Mumbai.

.eth maximalists laughing at the clown show that is going on within Avax team.

Couldn't reach out to Vitalik for any advice and this is what ends up happening. Avax showing itself to be nothing but a one trick pony

R.I.P

>>28562829
Fuck eth. Their DAO fuckup was 100000x worse.

>>28562990
not even close lmao
you know about eth since that hack? and you are STILL not in? HAHAHAHAHAHAH

>>28562682
the minting bug triggered the network to fall back to safety to stop more coins from being created. All solved in yesterdays patch.

Because Avalanche consensus is extremely secure (No funds stolen at all) it recognized suspicious behavior due to the bug and halted the network, If the same thing would've happen to ETH/BTC (If someone can correct me here but i think BTC had the same bug early on and satoshi soft forked the network because hacker able to mint 200M BTC, The problem was solved in 4 hours, In avax only 780 AVAX minted because the network immediately recognized the bug, so nothing substantial, If any it shows how strong avalanche core consensus is)


Keep seething

>>28562990
i know this feel

I'm unironically more bullish after this

>>28563143
It would have been nice if they'd mentioned the minting before people noticed and fudded to death over it

>>28563143
>this is bullish
sure, stay positive and just wait for the next bullish happening

>>28562121
why is the fucking bridge still under maintenance? i just wanna collect my png airdrop

>>28563143
Holy fuck you're retarded.
This is what just happened on your network according to Emin
>The Pangolin launch generated enormous activity
It couldn't scale
>invalid minting of ~790.2 AVAX
And it suffered several double spends

Do you understand how terrible this is? You guys keep treating this as something good and I can't understand how you can be that fucking retarded.
>Wow it's broken, I love it

CAN WE ALL STOP ARGUING FOR A MOMENT AND CONGRATULATE DOUBLE SPEND ANON FOR GETTING $20,000 FOR FREE

>>28563238
Same, issue happened team responded and resolved it, done

>>28563825
Yeah, I'm pretty fucking jealous

>>28563690
It's not broken, they fixed, they fucked up but $42k is nothing near other problems crypto had in the past, no funds where stolen, they burned tokens to not make inflation

just some fucking lucky guys got some dosh

>>28563632
don't use the bridge bro
gotta buy avax on binance, swap to uni on pangoline, then swap back to avax and then sell on binance

if you use the bridge gas fees would make the aridrop a net negative

>>28563206
Fucked you over too huh. I gotta admit, nice to see another oldschool /biz/raeli here. These noobs don't know what true disaster is.

>>28563389
dude people are gonna fud no matter what, alot of people come here with bad intentions

>>28563948
I lost 42k on the eth DAO alone. This is nothing. Anyone fudding this but holding eth is a giant hypocrite, noob or 2 digit iq retard.

>>28563690
based, this anon gets it.

>>28562121
>network down for days
>no official announcement for days
>network has a double spend
>thinks this is bullish
AHHHAHAHH MY SIDES. OUCH.

>>28563690
>You guys keep treating this as something good and I can't understand how you can be that fucking retarded.
First of all, Turks ARE retarded. It's due to Islam and marrying cousins and all that.
Second, more than half of them aren't even actual users, but a social media astroturfing company that got hired to shill on the internet. Though maybe they get paid in AVAX to keep them motivated.

>>28562121
ETH and BTC were old school, but to expect a new protocol to fuck up like this is fkn embarassing. just shows the level of incompetency these clowns are...huh duh highly scalable, we the best. nvm the unlimited coins that could've potentially been minted out of thin air

>>28563948
IT IS BROKEN YOU FUCKING RETARD, IT COULDN'T SCALE AS THEY SAID IT COULD, IT FUCKING DIED BECAUSE OF THE ACTIVITY AND IT'S NOT EVEN CLOSE TO ETH ACTIVITY, NOT ONLY THAT BUT LITERAL NOBODIES ARE PRINTING MONEY ON IT BY DOUBLE SPENDING.

FUUUUUUUUUUUUUUUCK I HATE LOW IQ RETARDS LIKE YOU, DIE DIE DIE YOU MORON

>>28563825
Well deserved.

>>28564775
Why are you so mad? Nobody was hurt. No money was lost. The only money lost is your potential gains that you would have had if you bought.

>>28564696
>but to expect a new protocol to fuck up like this is fkn embarassing

Literally the opposite you street shitting nigger. If avax was forked garbage it wouldn't have problems because they didn't innovate shit and relied on mature protocol that already tackled all kinds of bugs.

Honestly i can't believe i need to explain people here that a new software is more prone to bugs than mature software kek

>>28562682
>that was literally a double spend
I don't know what you're talking about, hehe.

>>28565047
You have to be understanding with the morons on this board, anon. The majority of people here have no insight into software development and the potential pitfalls involved. They're just here for speculating on magic internet money without really understanding how it works.

>>28564775

>>28565233
pot meet kettle

you are a fucking retard if you think someone like me would EVER transfer any assets to this chain ever again. I just wanted the airdrop and to give it a spin, it literally fucking bricked.

Do you think people like me are going to transfer 100k to this chain anytime soon? Remember I don't hold bags so I'm not biased.

>>28565560
>newfag that only wanted pathetic airdrops
>muh 100k
>definitely not holding (other) bags guize!! Trust me.
KYS

>>28565560
Why would I think that someone like you would transfer your assets to this chain? We don't want someone like you. We want smart and educated investors on our rocket to the top.

>>28563690
It scales. The network just encountered a bug that is hard to spot on testing environment.

>>28565961
They lierally give me $600 to try AVAX out, I don't care how much money you have, why would you not do this? You guys told me it was fucking amazing for like 9 months. I tired it, it fucking broke.

Not an argument.

>>28566282
Dude I have been in DEFI since NUO network. My main account nonce is over 1k. People like me are the only people on earth currently using blockchains, again, if you're marketing yourself as an ETH killer, i would figure you're going after ETH users.

>>28564775
wtf anon.... It's just magic internet money, don't be so emotional. The bug isn't related to the network inability to scale, just a ill-formed block passing validity tests.

>>28566764
>a bug
Show us the regression tests.