/biz/ - Business & Finance

Why did I miss AVAX? I thought it was never going to recover, you told me it was a scam

I'm sorry to hear that

>>56964925
>you told me it was a scam
Avalanche is a God Protocol, dont you know what IC3 is?

>>56964904
KONICHIWA NIGGERS! AVAX DESU!

>>56964949
>God Protocol
>DAG

It's all so tiresome.

>>56964925
I bet when AVAX dips back down, you won't buy any. You'll see the red candles and think "AVAX us dead now the pump is over" instead of taking the opportunity to load up on a top 10 L1 before the bull run starts

WE ARE THE AVAX CHADS! SUCK ARE DICKS FAGGOT LOSERS!

>>56964904
Avax will stand in heaven.

>>56966750
>>56967007

Bitcoin, Avax and Kaspa were the only coins I bought so far and will be buying paycheck to paycheck.

I brought to actually use in my web3 project not really paying attention to price just thought it was best alterative to eth.

Woke up unironically way richer WTF biz did I just get the best coin by mistake?

>>56964904
i kneel for avax chads

>>56967150
lol i unironically made that picture 2 weeks ago

1 Avax = 3 Link within the next few hours

why does no one discuss avax on twitter? or beoble? i chat with people there on the daily and im yet to come across an avax baggi- i mean investor. no one but people here seem to hold avalanche ticker avax. curious why that might be

OHAYO MOTHER FUCKERS

>>56968072
its already triple link price? thats insane

>>56968779
Cause it's a fucking piece of shit, Daily reminder that the only ones talking about avax are those biz baggies trying so hard to sell you them bags.

>>56964904
This is an anti-racist website

good for you no one cares

>>56964904
and I have 1.5 BTC in Kukoin, next

>>56968818
thats just an artificial pump, even then anything is better than doing link, but avax is not the way to go either lol

>>56967094
name of the girl? I need it for my thesis

>>56966750
avax and chad should never be in the same sentence

>>56968779
they do obviously but is only paid bots the ones who do, avax has only hype and no substance going on for them just like link

>>56968779
Cause it's still early. AVAX is a top 2-3 coin trading at 9# and being treated like sub top 30 shitcoin by reddit/ct

You can't get a better recipe than this desu

>>56968779
the answer is simple, no one cares about avax anymore. its holders are desperate to float it any way they can.

lots of jeet damage control in this thread
bullish

>>56966327
not a DAG. only the x-chain was a DAG and that's not even the case anymore since they wanted to x,p, and c chains to use the same data structure (linear) for ease of development. DAG makes a lot of sense for transaction only ledgers, but practically speaking the efficiency gains are pretty minimal so they scrapped the DAG structure.

>>56968967
Emma Kotos

Told my friends to buy 2 days ago, it dumped on them and they got pissed and sold for scraps, now its up again and if they held they would have been fine but if I tell them then I look like a schizo.

>>56970439
Nigger tounge my anus.

>Avax
do not redeem

>>56971955
that's the Snowball protocol, not the Snowman protocol. P, C, and recently X chains all use the Snowman protocol which uses linear ordered block, so not a DAG. Snowman was derived from Snowball, the same way a linear ordered graph is derived from the more general directed acyclic graph.

>>56971955
>>56972510
X-Chain linearization
>https://medium.com/avalancheavax/cortina-x-chain-linearization-a1d9305553f6

>>56968982
Beta cuck ICP jeet bitch ass loser incel. Cope, seethe, dial8 and mald and cry and shit yourself harder. We Avax holders are the highest caste of humanity

Are you broke and have only 10 bucks to invest? Then check this guide

pastelink
net/otwefxhp

1

You have AIDs vax

avax is pumping without a shitcoin to go with it

>>56972551
>We Avax holders are the highest caste of humanity
the logo is a pyramid for a reason

>>56968779
Avax is the bottom of the barrel tourist retard coin.

i have 80, bought at 9.5$, will i make it? kek

>>56972510
>>56972546
Dude, it's a DAG and then they are linearized after the fact by PoS. It's utter garbage.

CHECK PICREL AVAX EATING THE WORLD

>>56972938
linearization is what turns a DAG into a linear chain AKA not a fucking DAG you absolute retard gorilla nigger. also, p and c chains were never DAGs, not once. not to mention you still haven't even said WHY they are garbage in the first place. I bet you don't even know.

>>56973696
D I S T R I B U T I O N
YOU DENSE RETARDED NIGGER

AVAX Devs and their friends get their tokens, then sell you the rest. Then using their PoS ponzi they stake and maintain absolute control and free money forever. Fuck you, dumb nigger.

>>56973729
Looks like you conceded the DAG argument. I guess you're not entirely retarded.

>D I S T R I B U T I O N
AVAX is heavily distributed, it would take 30+ entities to collude to compromise the chain. besides BTC, that's better than every other PoS or PoW chain with their centralized mining and staking pools. AVAX doesn't have slashing, so staking is so easy that everyone can do it. Even a laptop with a shitty internet connection can maintain over 80% uptime and stake. You have a low IQ understanding of the PoW vs PoS debate, because decentralization is far more nuanced and ultimately has little to do with the sybil defense mechanism.

Also whatever PoW shitcoin you are shilling I can guarantee is dominated by 1 or 2 mining pools and is more centralized than the average PoS coin and far more centralized than AVAX.

>>56973729
>absolute control and 'free money' forever
flat wrong, you can't have both. holders either hold or sell and lose staking power as you say 'control'. Even if they sell their staking rewards, they still lose control to holders that don't. PoW rests their security on large Chinese miners who have less of a stake in the future of BTC than PoS stakers do in their coin. PoW is a shit model ultimately, and no one even makes much of a profit besides energy companies and a few niggers mooching free electricity to power their mining rigs.

>>56973980
>it's not a DAG
>why are DAGs so bad anyway

Because of the distribution you fucking moron. I literally just explained it to you. In PoW there isn't a premine that maintains absolute control of the network and rewards by simply keeping funds in a wallet or array of wallets. It's maintained via actual work. If you like PoS just hold fiat.

>>56974071
>holders either hold or sell and lose staking power as you say 'control'. Even if they sell their staking rewards, they still lose control to holders that don't

Are you daft?

50.00% for Staking Rewards
10.00% for the Team
1.00% for Public Sale Option A
18.30% for Public Sale Option A
20.67% for Public Sale Option B
9.26% for the Foundation
7.00% for Community & Developer Endowment
5.00% for Strategic Partners
3.50% for Private Sale
2.50% for Seed Sale
2.50% for Airdrop
0.27% for Testnet Incentive Program

Look faggot. They already have the ability to sell all they need and stake the difference beating everyone else forever. You dumb faggot kys.

>>56974093
>it's not a DAG
>why are DAGs so bad anyway
these are not mutually exclusive and can both be true, which they are. holy shit, why are you so fucking dumb?

also DAG has nothing to do with PoW vs PoS. You could make a PoW DAG if you wanted. BTC would get a small performance boost if it was converted into a DAG.

>PoW there isn't a premine
every PoW is a premine essentially, even BTC. early adopters got in and mined a shitload of coins which they dump on the next set of adopters. practically speaking, it's no different than an ICO other than early adopters are spending their money on buying electricity and mining hardware instead of spending money on to devs.

>maintains absolute control
who has control? I just told you that 30+ separate entities would need to collude to control the AVAX network. where is this absolute control? do you even know what that word means, retard?

and let's look at BTC actually, the two biggest BTC mining pools control over 50% of the hashrate. That means ''absolute control'' is just one phone call away. two entities can collude much easier than 30. So really, you have no idea how decentralization works if you think it just boils down to PoW to PoS.

>>56974120
> beating everyone else forever
plain wrong, they simply don't since enough selling has happened since ICO that they would need 30+ of the biggest holders to collude to 'control' the network. you just don't know what you are talking about, a common theme in all your posts so far.

>>56974176
>Bitcoin is a premine because they mined it

Kys

AVAX is a DAG using PoS after the fact. Idk how many times this needs to be drilled into your retarded head.

PoW is different because it has all the variables of running a business which includes failure. It requires real assets and labor. PoS as I said already is the largest stakeholders literally cannot fail. Especially with shitcoins like AVAX. They literally never need to sell any of their stack as they already have allotments to sell on the market. They hold the largest wallets first on the network and collect the largest rewards. Which becomes even larger as it's just added to more staking wallets. PoS is an absolute scam.

>>56964904
So far, my purchases have been limited to Avax, QNT, and XTP, and I plan to continue buying more with each paycheck.

>>56974236
>AVAX is a DAG using PoS after the fact.
that's not how it works. by that logic ETH would still be a PoW. braindead take.

>They hold the largest wallets first on the network and collect the largest rewards. Which becomes even larger as it's just added to more staking wallets.
every staker earns the same percentage so they grow at the same rate meaning staking power doesn't shift. you clearly can't do basic math.

> PoS as I said already is the largest stakeholders literally cannot fail.
they can if the coin tanks in value, which is the whole fucking point. PoS holders have a massive incentive to see their coin succeed. can chink miners say the same thing about random PoW #43 when they can simply point their mining rigs to random PoW #44?

>>56974236
also this whole PoW vs PoS has already been decided by big brain cryptographers and system designers. The consensus is generally: PoS is superior, but PoW isn't terrible. the only reason BTC hasn't switched is because a big feature of BTC is that the protocol will never ever change. It's the lowest risk strategy possible which appeals to boomers and normies, hence the popularity.

>>56974363
>by that logic ETH would still be a PoW
How do you figure?

>every staker earns the same percentage so they grow at the same rate meaning staking power doesn't shift. you clearly can't do basic math
So if I stake 1 AVAX I earn the same as if I staked 10,000,000 AVAX?

>they can if the coin tanks in value
Besides the point. We're discussing a closed system they created and minted themselves infinite money. Not a mineable commodity like Bitcoin. Besides if Bitcoin fails so does everything else so your point is kinda moot.

>>56974388
>the science is settled

Fuck off. I've made a better case for PoW then you've done for PoS by far.

HAHAHAHAHA
who the fuck cares? buy MATIC and wait for a gigantic green candles in the next 4 hours

>>56974395
>So if I stake 1 AVAX I earn the same as if I staked 10,000,000 AVAX?
Yep, that's exactly the words anon explained in very concise, clear words. Good job with the reading comprehension

>>56974395
>So if I stake 1 AVAX I earn the same as if I staked 10,000,000 AVAX?
you obtuse motherfucker. do I seriously need to explain this? Ok, I have 10 AVAX and you have 100 AVAX. You have 10x as much as me. We both stake at 10% APY. now I have 11 AVAX and you have 110. You still have 10x what I have, not less, not more. the ratio of staking power did not change. R E T A R D

>Besides the point.
no, fuck you, that is point. as holders of the coin, stakers have a massive incentive, the biggest incentive possible actually, to see a coin do well.

>We're discussing a closed system.
no we're not. we're obviously not because you are talking about someone SELLING the fucking coin. SELL FOR WHAT? SHIT FOR BRAINS? WHAT ARE THEY SELLING FOR??? SOMETHING OUTSIDE THE SYSTEM YOU DUMB NIGGERFUCK.

>created and minted themselves infinite money
what the fuck are you talking about retard? who does this? which projects have minted themselves infinite tokens? and what would they do with them? is there infinite demand out there for infinite tokens?

>Besides if Bitcoin fails so does everything else so your point is kinda moot.
my point wasn't that BTC would fail. It was that PoS has better security over PoW due to incentives. also this assumption that BTC holds the entire crypto market up is wrong, and becoming more and more wrong as altcoin dominance increases.

>>56974569
Nigger, he was claiming the largest wallets don't claim the largest rewards.

>>56974608
>you obtuse motherfucker. do I seriously need to explain this? Ok, I have 10 AVAX and you have 100 AVAX. You have 10x as much as me. We both stake at 10% APY. now I have 11 AVAX and you have 110. You still have 10x what I have, not less, not more. the ratio of staking power did not change. R E T A R D

No faggot. I said
>They hold the largest wallets first on the network and collect the largest rewards. Which becomes even larger as it's just added to more staking wallets.
You tried to rebut with some bullshit. I'll be as obtuse as you are gay. Which is a lot.

Everyone in either system closed or not have an incentive, faggot. It's besides the point because the devs made their tokens out of thin air, issued them to themselves and then staked them for the largest share of rewards, which they never have to sell because they still have a massive pool of PREMINED SHIT TOKENS to sell to suckers like yourself. So they can then reinvest and consolidate their position in the network even further, you dumb mother fucker.

PoS has the worst security for literally the reason I just laid out and have been laying out this entire thread.

Bitch I got that avax

Are you broke and have only 10 bucks to invest? Then check this guide

pastelink
net/otwefxhp

7

>>56974658
Okay I get it. You don't understand that staking rewards are proportional to amount staked. And you don't understand that a staker cannot sell their coins and not lose staking power. I can't make these things anymore clear, so I won't try.

Now since you don't understand these two basic facts then I simply can't convince you that PoS is superior to PoW anymore than I could convince a goldfish. Not worth trying anymore, I will let you continue in your retardation and leave it to the market to prove me right instead.

Are you broke and have only 10 bucks to invest? Then check this guide https://pastebin.com/YzfdC2vu

>>56970511
godly tits like that fighting for their lives in tight shirts is what keeps me going everyday
please tell me she isn't ai

Are you broke and have only 10 bucks to invest? Then check this guide https://pastebin.com/YzfdC2vu

>>56964904
I've only got 107 of these.

Will I make it?

>>56974858
>Okay I get it. You don't understand that staking rewards are proportional to amount staked. And you don't understand that a staker cannot sell their coins and not lose staking power

Goddamn, you're one dumb mother fucker. I stated the team gets it's tokens out of thin and and stakes them and sells additional tokens to you. I literally posted the distribution table. They have separate pools to sell tokens from that have nothing to do with their personal tokens, you fucking moron!

Because of this they can continue to stake and gain the most rewards and then add those rewards to their already large staking holdings. You're actually too low of an IQ to understand which is why you buy PoS scams in the first place.

>>56977932
nah the other guy is right, you are retarded and dont even know what a DAG is or what PoS is or how consensus protocols and staking works.
go read a book you goddamn nigger

>it's been up for 12 hours
Jannies don't care about this place again. Is this a bottom signal?

>>56970511
>tfw white
I'd never be able to satisfy her. Those booba were made to nourish melaninized babies.

>>56978012
see
>>56974120
Then kys. They can stake without ever selling because they have other pools to sell from for years. Fuck off.

>>56978174
>They can stake without ever selling
good, less coins in circulation.
meanwhile with PoW people have to sell all the time to cover their energy costs and to upgrade their miners, this means a constant never ending sell pressure.
clearly its better if more is Staked and not sold.
see how dumb of a nigger you are that you dont even know this? funny how some 2 digit networth nigger like you tries to school here. now follow your own advise and kys.

>>56964904
QRD on best avax alts? Benqi any good? somrthing to do with subnets on avax.

>>56979300
Qi and Joe should be good bets. On meme coins Husky is the OG that's still around after all the retards are done chasing pumps.

>>56979300
GameFi = Domi Online & Cosmic Universe

>>56979426
>>56979519
thx may grab some of these.

So many seething stinkies ITT

>>56979426
Husky is controlled by one French whale.

We are at the point in the cycle where zoomer retards with $800 accounts think pos has less centralizing effects than pow

My fucking sides

>>56966327
>>56971955
>>56972938
>>56973729
>>56974093
>>56974120
>>56974236
>>56974395
>>56974618
>>56974658
>>56977932
>>56978174

I've never seen anybody go to so much effort to be so hilariously wrong

btw I read a couple of your posts and the rest of it was wasted effort, congrats on achieving nothing

>>56972551
rent free lmao

>>56964904
this shit is not pumping what a piece of shit fork. every alt pumping this is not

>>56979426
>>56979300 Checked

Don't buy $JOE. Other two picks are good.

$JOE is already priced in (same marketcap ratio between avax:joe and eth:uni) and will pump linearly with AVAX. The only utility is has is staking, which yields about the same as delegating AVAX. The only difference between holding JOE and AVAX is that one of them gets absolutely rekt every dump and has a founder that constantly bickers on Twitter.

>>56964904
Which ones do I buy bros?