/biz/ - Business & Finance

>>53255817
First mover advantage.
Give it time

>>53255817
>The architecture just makes sense
It makes no sense, security varies wildly from chain to chain

>>53255817
Because "Cosmos" is a layer 0. It's a protocol for other blockchains to follow. If you're referring to Atom, that's because it hasnt launched Interchain security yet.

>>53255967
>layer 0.
Retard kys

>>53255817
The only true ETH killer

Cosmos going to $10k next bullruns

You need 32 make it stack

>>53255956
Mesh/interchain security will be a thing this year, fixing that issue.

When will they reduce the staking rewards? And to how much? 20% cant go on forever.

>>53256475
This came up yesterday. It's in the whitepaper. TLDR - ATOM is minted as required to pay APY (inflationary) and rewards are reduced one 67% of overall supply is locked up. I believe it will reduce down to 7%.

500 atom chad standing by

>>53256255
i would unironically make it if this happened, so it won't

>>53256850
180 atom poorfag checking in i need to get on your level, chad

>>53256577
I should know more about this. 2K ATOMchad here. The tech looks very appealing, there's some real hype, but I haven't fully unpacked the tokenomics. 7% on my stack would be fucking nice if this token can settle in at even a third of ETH's current market cap.

Cosmos is good, but Avalanche is better friend. Cosmos isn't needed anymore.

>>53255817
Ethereum is becoming a shitty version of Polkadot. There's no shared security in cosmos, and the upcoming interchain security is not the same thing (it's a weaker security model). Both avalanche and cosmos are nothing more than bridge hubs.

>>53255817
I have my eye on it. Thinking of picking up a huge bag if we can get another dip.

>>53255990
Sorry you're too retarded to understand what I'm saying. Stay out of crypto, it's not for you.

>>53256284
>will be
No and not without compromises

>>53258454
>you're too retarded to understand what I'm saying. Stay out of crypto, it's not for you.
Holy shit you are retarded.

>>53259005
Stay the fuck out of crypto. You don't understand the tech, scrub.

>>53259070
Explain to me in detail how interchain security is going to work if you have 1 MILLION chains on cosmos, how can each chain be as secure as the next.

>>53259198
Security in any chain environment should depend on the applications running on that chain, do you think a gaming chain needs the same security gaurentees as a medical record chain? I don't even hold ATOM btw

>>53259198
>explain to me in detail
no.

read the whitepaper yourself.

>>53259364
maybe the one who needs to explain a bit more is you or he will keep being right

1000 atom here

will buy more if we get sub $5

>>53259465
>explain to me how the earth is round
no, read about it yourself
>wont explain? Earth is flat then.

No one gives a fuck about anything that isn't ethereum. bitdao buys eth, not no fucking cosmos.

>>53259523
incorrect, double check your sources

>>53259628
this is lazy trolling, i know you can do better

>>53259492

What is the relation between ATOM and cosmos chains though? If Ethereum thrives, ether should go up. If cosmos chains thrive, why should ATOM go up if they are collecting fees in their own token?

>>53257993
I kneel. I'm only 1/4th of the way there. I need a massive dump to $5 atom so I can complete the prophecy. I got decent bags of kujira, osmo, and stargaze too.

>>53259198
It doesn't, it's just a bridge hub. There's no shared security like in sharded ethereum or polkadot.

>>53255956
Good. Trying to make all parts equally secure compromises the whole.

Cosmos is King. I don't update coingecko with my liquidity pool stuff so you can't see my OSMO and other stuff, but damn I love Cosmos. Comfiest staking and best technology.

>>53259198
God damn you're such a fucking brainlet. That tells me you dont know a thing about what you're talking about.

Validators on Cosmos Atom will be used to bootstrap validators on other chains. Meaning that other, smaller chains essentially won't have to set up their own validators. They can use Atom's validators instead.

>explain to me in detail
Read the whitepaper faggot we're here to spoonfeed you

>>53261401
>validators suddenly have to run hundreds or thousands of nodes for different chains
>no free market to assign validators to different chains. instead backroom deals happen which will inevitably lead to cartels forming
>crosschain "security" hinges on validators being honest across chains. it's still just bridges between chains.

Yeah, this will work out great.

So finally after 5 years scratching a living in flea infested villages we are finally going back to where we belong, making it. Oh you should see making it, Anon. 2,000 staked ATOM watching every movement of your portfolio, willing you to make that killer sell. The silence before you sell, and the noise afterwards, it rises, rises like a storm, as if you were the Thunder God himself. So, Anon, we shall go to the bull market together and have bloody adventures and the great whore will suckle us until we are fat and happy and can suckle no more. And then, when you have staked enough ATOM, perhaps you will have your freedom.

>>53261401
So you're telling me validators will validate 1 million chains on a single node?

Retarded normie larping, you know nothing about tech.

>>53261698
No, platforms/validators that offer ICS will decide which chains to work with, and again: YOU DON'T NEED ICS TO START A CHAIN. You can go make your own validator set or build on something like JUNO. ICS is simply a way to start an independent chain by borrowing security from a well established chain like Cosmos, or bolstering security if your validator situation is underwhelming. The project will need to pay the ICS chain/validators with tokens and presumably pass a governance proposal on the ICS chain.

ICS is also available for other cosmos tech chains to use, so other decent sized platforms like Osmosis could offer ICS services to new chains.

Later, as the chain grows, they will likely have a decent validator set of their own, so they can decide whether to continue paying Cosmos Hub etc for security or just do it on their own. Places with pre-existing validator sets may want to up their security by paying for an ICS service too.

There is never going to be a situation where literally 1 million chains are all getting security from the Cosmos Hub and nowhere else or even their own validator set. Chains will likely come and go as they grow or fade. If Atom Hub is stressed or validators don't want to offer ICS to some chain, they can do so through proposals or not grant permission in the first place. Osmosis, Juno, and other projects may also offer their own ICS, because Cosmos is beautiful and open source.

>>53262398
It will also be good for validators because not only will they be more profitable (validating more chains that they approve in exchange for tokens), they will also have to become more professional because they will need to know how to validate all the chains and keep up to date on software etc. So validators will have to grow their expertise and capacity, or else limit the degree to which they implement ICS on their validation service.

Basically Cosmos is the most innovative and advanced tech when it comes to proof of stake security and inter-operability and basically anyone holding a small bag of Cosmos tokens today will become the most rich and powerful people on the planet.

Ecosystem project lead dev here. AMA!

>>53262398
>>53262463
All of the shit you're describing there about the ICS is going to happen offchain, in meatspace. cringe.

>>53262806
Is your project going to migrate to being validated by the hub?

>>53262877
Nope. Not an appchain. Interchain protocol.

>>53261698
Read >>53262398
Fucking brainlet. Like Atom will ever validate a million chains rofl...it will be used to bootstrap and hasten Cosmos adoption, which is going to happen soon. Quit crypto its not for you

If you're any kind of real crypto enthusiast and investor you'll see that the endgame for crypto is a common protocol that unites chains together and eliminates bridging. Guess what protocol does that?

Cosmos/IBC. Brainlet.

Cosmos Eco will Pop your faggots eth asses cherry.

I'm sorry I've tried to like Atom but this shit is too complicated and complex to ever get adopted by retarded normies. Just like Polkadot's over complicated tech this shit is for nerds to masterbate to and finance/tech bros to feel safe to but real money into because "the tech is so sophisticated...."

Sorry but ICP and what Dfinity has built is the only true counter to the ETH ecosystem. ICP is the only L1 that has the potential to hit the normie stratosphere. HBAR, ADA, ATOM, DOT, SOL, FTM, bla, bla, bla will NEVER dethrone ETH or hit the normie stratosphere....ICP however WILL!

> muh interoperability
> muh side chains
> muh tps
> muh bridges

Jesus fucking christ what year is this? Is this 2017? Holy shit you retards are stupid. If you offer NOTHING unique other than solving a problem that has already been solved but doing it more clever than you OFFER NOTHING NEW!!!

Meanwhile ICP is a literal decentralized Internet. LOL. Good luck building anything that can compete with ICP. Atom is sadly dead in the water.

Not going to waste time shilling. Buy EVMOS if you want to make it. Do your research. Later fags

>>53264192
>icypiss
kek, opinion discarded

>>53263355
>>53262806

What's the Cosmos term for an application built on top of an appchain? Is it still called a Dapp like in the ethereum world?

>$21 gas fees to swap $200 worth of coins
Why the fuck has eth lasted as long as it has anyways?

>>53255817
you need to understand something
commit chains =/= L2

L2s borrow from Ethereum’s security and dont affect decentralization whatsoever
and now that modular L2s are scaling in parallel with Ethereum (see picrel), Ethereum will be unstoppable

>>53255967
>layer 0
nice meme

>>53265267
are you really expecting /biz to understand what modular L2s are?
nonetheless, i agree with you
Cosmos might sound better in concept, but Ethereum is much better in execution irl

>>53264951
first mover. that's literally it.

>>53265267
Nobody is going to use them

>>53264951
>>53265362
yet again you need more education
modular L2s are a thing
gas fees are irrelevant from now on
>>53265377
>nobody is using them
37,000 developers signed to test their apps on the Mantle testnet already
lol, lmao even

>>53265433
L2 ERCs are scams like pic related.

>>53265343
>are you really expecting /biz to understand what modular L2s are?
from what i understand is that it has multiple layers within the chain itself
>Layer 1 for excecution
>Layer 2 for finality
>Layer 3 for data availability

>>53265506
someone actually fucking knows
>>53265462
>he uses a phone to post
opinion automatically not needed

>>53265541
seethe.

>>53265343
Do you know about Celestia?

Love how you retards dig through all the technical excrement of projects like Cosmos and Algo and Hbar and Tezos yet don't see ICP right in fron of your ugly pajeet faces.

True sign of midwits. Thinking over complication = good bet. Retards. Can't even explain it to normies but put life savings in them. Fucking morons.

icy pee is not vaguely comparable to the Cosmos. It's a job, with memes where old people fall down the stairs as VCs drain your liquidity.

Cosmos is legit. Top tech like ICS on places like the Hub, censorship resistant hosting on the Akash Cloud, trading strategies on Sommelier, etc. This is a whole environment with many teams.

>>53264581
Based anon, I remember running some nodes on Evmos back in the day for good profits. I am also planning to do same on Sylo which would be implementing it's program soon