Avalanche Thread (Ticker $AVAX)

[Anonymous No.50868708]

>transaction count exceeded 1.5m yesterday across C-Chain and other Subnets
>higher than Ethereum+two biggest L2s combined
>despite this it easily maintains subsecond finality and 10 cent fees
>lots of DeFi innovation on the C-Chain (yeti, platypus, hubble, trader joes next gen AMM) + more are coming
>900+ Subnets in the works and each of them will lock up 2000+ AVAX per node
>staking ratio is already 64%

AVAX sells for $29.14 right now, so why arent you buying?
are you aware 1 AVAX will be $3000+ in the not so distant future?

[Anonymous No.50868797]

some comfy stuff to watch:

>most recent Emin Livestream:
https://youtu.be/BQkPIonTBy0

>Quick rundown how Avalanche works:
https://www.youtube.com/watch?v=4GIsieFUXMw
>Long Autismal Version:
https://youtu.be/cEnoZc6sv44
>comfy Emin and Sergey/AVAX and LINK friendship video
https://www.youtube.com/watch?v=PS3ckksfzaI
>John Wu (President of Ava Labs) presents at Harvard and Emin beams in as a Hologram
https://www.youtube.com/watch?v=DUKINsBr9Z0

[Anonymous No.50868905]

AVAX Explorers and Node infos:
https://vscout.io/
https://avascan.info/
https://snowtrace.io/
https://subnets.avax.network/
https://check.allnodes.com/
https://stats.avax.network/dashboard/overview/

[Anonymous No.50868928]

>AVAX sells for $29.14 right now, so why arent you buying?
Will buy more and dca if we crashes again (hopefully)

[Anonymous No.50868973]

Why isn't Emin at Smartcon? I thought they were friends.

[Anonymous No.50869000]

>>50868973
thats a good question.
>I thought they were friends.
he was in the last 2 smartcons and he talked to Sergey just 4 months ago at the Avalanche summit.

[Anonymous No.50869040]

>>50868928
look at the chart, what do you see?

[Anonymous No.50869368]

bumping with some interesting Avalanche Twitter accounts to follow:

>Emin of course
https://twitter.com/el33th4xor
>Kevin
https://twitter.com/kevinsekniqi
>Ted Yin (Chief Protocol Architect )
https://twitter.com/Tederminant
>John Wu (President of Ava Labs)
https://twitter.com/John1wu
>Patrick o grady (System Engineer)
https://twitter.com/_patrickogrady
>Stephen Buttolph (the other Chief Protocol Architect)
https://twitter.com/stephenbuttolph
>Michael Kaplan (Senior Software Engineer who makes the Bridges)

[Anonymous No.50869403]

>>50869000
Oh, I just checked and again and he's listed as a speaker now. They must've added him in the past 24hrs. He's listed near the top too which is pretty good.

[Anonymous No.50869442]

>>50869403
woah
>https://smartcon.chain.link/speakers
>ctrl + f "Emin"
>1 result

Smartcon is saved.

[Anonymous No.50869485]

>>50868708
>transaction count exceeded 1.5m yesterday across C-Chain and other Subnets
also transaction count exceeded today 1.6! million so another ATH.

[Anonymous No.50869700]

>>50869040
The beginning of a bull run

[Anonymous No.50869851]

hello AVAX cuck
How is the Turkish Lira doing? is the $200/month that Emin is paying still enough to cover living expenses?

my personal advise for you is to sell your AVAX and buy some MATIC instead. Polygon has the superior technology, the funding and building teams that AVAX lacks so badly

Also move out of Turkey while you still can or else you'll end up having to serve overpriced Shawarma and Sujuk sandwiches to tourists who you hate

[Anonymous No.50869889]

>>50868708
>>50869485
Polygon’s daily transactions today were 3,300,000
On a regular day (during a bear market) Polygon boasts more than double Avalanche’s ATH lmaaoooo
How are you still flexing?

Polygon’s ATH in daily transactions is 9,177,310 by the way. That’s more than 6x of what Avalanche has achieved

[Anonymous No.50869933]

>>50869889
Scam

[Anonymous No.50869937]

Avax is a top 3 coin going for top 50 prizes. Not selling until 4 digits. Biggest breakthrough in crypto since btc and eth. Other coins can't compare.

[Anonymous No.50869983]

>>50869937
this

[Anonymous No.50869986]

>>50869851
>>50869889
>constant reorgs, 20 minutes finality and whole TVL secured by a 5/8 multi-sig, network can go down if 2 nodes fuck up (LOL)

[Anonymous No.50871594]

>AVAX has an even in Seoul today
https://www.avalanchehacks.com/

>Avalanche Hacks | FE Seoul is an in person event hosted at the Boss Emotion Club at Olympic Park right before the Formula E race weekend.

[Anonymous No.50871610]

>>50871594
Not only that, AVAXchads in Portland are doing a community thing

https://twitter.com/AVAX_PDX

[Anonymous No.50872168]

>>50871610
very nice.

[Anonymous No.50872488]

whats your eoy price prediction guys?

[Anonymous No.50873448]

>>50872488
Probably $50. I honestly have no idea what's a realistic price expectation for this in the next 5 years (relative to today's dollars). I know this project is gonna be one of the big ones but I've got no clue on price. Could it hit $1k? I doubt it, somehow.

[Anonymous No.50873480]

>>50872488
$250 if bull happens (unlikely, I know)
$40-60 if BTC continues to crab like this
$15-35 range if another fatass dump happens

BUT all this doesn't price in eventual news. Emin said something about world-changing new tech on Youtube 2 weeks ago; it's probably something big considering his dislike of retarded nothingburger partnerships just to pump price.

[Anonymous No.50873520]

Avalanche? LMAO. Didn't Polygon Supernets literally make this shit completely useless?

[Anonymous No.50874890]

>>50873448
>>50873480
yeah 50$ sounds realistic while the market is in the dump. triple digits seem easy during a bull run since it's one of the few legit decentralized l1s. can't wait for my node to print money when it goes on a run again

[Anonymous No.50875465]

biggest problem for me is deciding how much of my portfolio i want in avalanche vs chainlink.

[Anonymous No.50875908]

>>50875465
I was same. I focused 90% of my efforts onto finishing off my Link stack first, ehile doing small DCA into Rose + Avax in the meantime.
Now that I've finished my Link stack, I will put 50% of my efforts into Rose and 50% into Avax. Avax is so expensive for me and 2000 stack is so far away...
Btw, I included Rose because it's part of my IC3 trinity portfolio (Link, Avax, Rose).

[Anonymous No.50875947]

Emin live in 45 minutes bruvs

https://www.youtube.com/watch?v=TCqTypHRw3I

[Anonymous No.50876677]

>>50869889
No one gives a shit about your curry chain with your fake transactions lol fuck off

[Anonymous No.50878206]

>>50875908
I‘d dump the Rose, its too low energy and they havent accomplished shit in the last years, if you put them up against LINK and AVAX it looks pathetic.
>of my IC3 trinity portfolio
Not every IC3 project made it into something useful tho, ZCash comes to mind.
Also Dawn Song stole Ted Yins homework.

Its like nobody wanted that crusty old woman in their team so they let her do her own cashgrab.
Also tokenomics are shit and its centralized and eventually like everything else will become a Subnet on Avalanche anyway and if not it will slowly dump forever.

[Anonymous No.50878337]

>>50869040

dead roach bounce

[Anonymous No.50879123]

>>50878206
I agree that Rose is less promising than Avax or Link. However, the project is still definitely going to reach $1/token in the next bullrun so it's like a more comfortable x10 from here.
>Also Dawn Song stole Ted Yins homework.
How do you know?
>ZCash
Thanks for the aware. I will check that out.
>>50873480
>Emin said something about world-changing new tech on Youtube 2 weeks ago
You know, I'm starting to think that was just about the Core wallet that he elaborated on in the livestream today. And also because they can now transfer Bitcoin natively on the Avalanche network somehow. So I guess that's a big deal in terms of getting more normies onboard.

[Anonymous No.50879156]

>>50876677
That's true but do you think someone gives a shit about your Turkroach kebab chain?

[Anonymous No.50880507]

>>50879123
>I'm starting to think that was just about the Core wallet that he elaborated on in the livestream today

nope

[Anonymous No.50880700]

>>50879123
>How do you know?
I spend my days stalking IC3 people and their work.
Basically what happened is that Ted Yin was working as Intern at Facebook and invented "Hotstuff", the fastest classical Protocol (better than Tendermint which Oasis still uses).
Eventually Libra was canned and the tech put on hold and Ted Yin moved on to invent the Avalanche Consensus (around 2018) and then became a founder of Ava Labs.
of course Facebook didnt stop its Libra efforts so they teamed up with Oasis Labs to get things moving again, and thus Dawn Song basically took over the Project.
Oasis didnt implement Hotstuff yet but according to the Oasis Labs Whitepaper its a possibility they have been looking into.
Check this quote out from "The Oasis Blockchain Platform" WP:
>"It is possible to replace it with another consensus mechanism, e.g., Libra HotStuff [5], instead of Tendermint, with very little impact on the rest of the system."
If you read between the Lines here, this also means Avalanche/Snowman could be implemented as "another" consensus Mechanism too and the best way of doing this is Subnets, which further fuels my theory that it will indeed become an Avalanche Subnet at some point in the Future.
so maybe "stealing his homework" is the wrong way of wording it, she just took over it and didnt do much with it in the last 4 years, the fact that they are still stuck on Tendermint is a big clue how far behind they are in understanding the tech, although you gotta keep in mind that the Consensus Mechanism isnt everything about Oasis but its just one very critical component that will prevent it from ever reaching mass adoption if not fixed with a Subnet.
(FYI if it becomes a Subnet, ROSE wouldnt become useless or anything).

>I will check that out.
you dont know about Z"ion"Cash?
Its an old IC3 project and was meant to fill the gap between Monero and BTC and replace both, which of course failed. Its been more of a "too little too late" kind of problem with them.

[Anonymous No.50881905]

>>50880700
based IC3 stalker

[Anonymous No.50882314]

brehs when is the joe token gonna pump

[Anonymous No.50882726]

>>50882314
V2 soon

[Anonymous No.50883045]

>>50882314
I don't understand why ppl think Joe has any utility especially after all their VC bullshit, tokenomics, launching, scandals, etc
Same applies to the entire avax ecosystem, there isn't a single token worth investing in over avax, it's all an elaborate ruse to get you to hand over your precious avaxxies
yak was the only one that looked promising since they had the best launch, no VC cancer, only community members and held actual utility, even now with their swaps and yield farms and such but they added stupid niggercancer like mini yak and other defi aids that is completely un-necessary and makes it look like a chinese shitcoin
xava, ptp and a few others also seemed promising at first glance, take a glance at their tokenomics and you'll see how atrocious these shitcoins are
Save your avaxies.

[Anonymous No.50883311]

bumping with some good reading material about AMMs from the Trader Joe founder:
https://joecontent.substack.com/p/part-1-a-brief-overview-of-1st-generation
https://joecontent.substack.com/p/part-2-a-brief-look-into-2nd-generation
https://joecontent.substack.com/p/part-3-what-should-the-perfect-amm

>>50883045
>why ppl think Joe has any utility
so lets see:
>currently the best AMM out there
>best AMM tokenomics, you can stake your JOE and profit in various ways (sJOE pays you the trading fees from the DEX, veJOE boosts your Liquidity mining, rJOE gives you access to fresh launched tokens without getting cucked by bots)
>JOE token can be used as component in all kinds of DeFi, other Protocols build on top of it
>you can use the yield bearing JOE token as collateral for an interest free loan on Yeti finance
>the team is active and keeps building and doing lots of research and knows their shit (see above)

[Anonymous No.50883328]

>>50869889
fucking L2 built on top of mETH heads chain

[Anonymous No.50884666]

bump

[Anonymous No.50884719]

Very interesting. Thanks anon.

[Anonymous No.50884842]

>>50883045
Gotta agree pretty much but at least Joe shares revenue, getting paid 20% apy in stables is legit

[Anonymous No.50885463]

>>50869368
THANK YOU for this

[Anonymous No.50885477]

>>50869889
shit security

[Anonymous No.50885606]

>>50883311
>20% to team
>10% to Insiders
>these same cunts have been farming it since day 0 with ludicrous yields and are the reason for its dump to oblivion
>affiliation with siesta and sifu amongst other shady kikes
>artificially propagated since its early days, sam kikeman & friends played a significant role in this
>have zero real innovation and rather resort to copy pasting everything like some spoiled child that wants everything but does it all poorly
sJoe veJoe cockJoe ballsJoe are absolute DeFi memes and responsible for why DeFi isn't being taken seriously right now because of such bumfuckery
>>50884842
right.. until it isn't
Celsius yields were so legit right anon ?
How about Anchor Protocol.. wonder how that's doing right about now hehe
These cunts want (you) to be poor, your avax stolen, your gf molested, and they think it's funny.

[Anonymous No.50885871]

>>50868708
>avax crabbing
>eth still pumping
FUCKING HELL WHY DID I TRADE MY ETH FOR THIS SHITCOIN

[Anonymous No.50885891]

>>50885871
Patience man. AVAX will have it time soon.

[Anonymous No.50886247]

>>50880700
This is a great analysis, thanks. It was interesting looking up the Ted Yin/Hotstuff connection.
Regarding switching consensus mechanism to Hotstuff, why would they need to? Pic related is from the Oasis Rose primer. They claim their instant finality is bettee than Avalanche's "sub 3s" finality.

[Anonymous No.50886897]

>>50886247
>is from the Oasis Rose primer. They claim
that Screenshot is wrong and poorly researched and I think that is because they see "Avalanche" as just the X Chain.
Avalanche is leaderless and many chains, a Block can be proposed at any time so the finality on Avalanche is under 2 seconds and if your Blocktime is 6 seconds (at Oasis) than your Finality cant be instant.
Avalanche is as close to instant as it gets.
"Sybil Protection" is also wrong because Avalanche is "Proof of Stake" and the DAG has nothing to do with it, the X-Chain is a DAG, the P-Chain (manages the staking) and C-Chain (EVM) are not DAGs.
Avalanche is also literally unlimited chains (think Blockchain as a Service) and Subnets are completely customizable and can run any VM written in any language.
the next one, Privacy. Avalanche actually has some Privacy thanks to X and P Chain crosschain transfers. also Privacy enabling Subnets are possible and some are already in the works but as already mentioned Oasis could just become a Subnet itself.
the 4500 tps is also by far not Avalanches Limit. Subnets and their Validator sets are fully customizable so hardware and tps can be easily pushed further.

so now that we solved this I can answer your question:
>Regarding switching consensus mechanism to Hotstuff, why would they need to?
Tendermint and Hotstuff cant Scale beyond ~100 Nodes but Hotstuff still brings some improvements, you can think of them as a normal bicycle and some raced out bicycle. in the end its still both bicycles and one of them might go a bit faster and work a bit more efficient but it doesnt beat Ted Yins maxxed out Formel-E Gliders/Autobots on the Track. the powergap is really that big.
Generally speaking Oasis Problem is that they actually want to do the Privacy stuff which makes a lot of Sense but they are bogged down with the Consensus question and Scaling Question. Making it a Subnet is basically outsourcing these Problems to someone who solved em.

[Anonymous No.50886976]

>>50886247
>Sybil Protection
>DAG
wut?

[Anonymous No.50887045]

>>50886247
lmao, I decided to reverse image search because this infographic is so retarded and found this image is actually from Oasis documentation.
>https://docs.oasis.dev/oasis-network-primer/

is someone going to tell them that a DAG is not a form of Sybil Protection? It's a data structure. seriously, how do you even make this mistake?
A few other things wrong, but not worth mentioning. Mostly honest mistakes possibly due to differences in definition.

[Anonymous No.50887073]

I'm high on shrooms and I accept the regret of selling the bottom, time to forgive myself and buy now another 20% of my money on stables. Fuck it.

[Anonymous No.50887074]

>>50886897
Ohh, thanks a lot!

[Anonymous No.50887092]

>>50887045
This honestly makes me want to sell my entire Rose stack for more Avax. Their team at Oasis Foundation (not Oasis Labs) also doesn't seem too great. It's too sad though, seeing a big number of Rose become a small number of Avax only.

[Anonymous No.50887117]

>>50886897

You guys keeps reminding me that someone should do an iceberg picture about avalanche knowledge. Ted Yin and future of france would be at the deepest part

[Anonymous No.50887485]

>>50887117
>hidden subnets
>Ted Yin annunaki heritage
>Kevin Sekniqi is Seq
>4th primary chain
>Homeland Security shutdown Karma
>OrganFi Fleshnets
>Emin FETÖ connection
>IC3 bridge hackers
>Ari Juels is Team Rocket
>Bonus Blocks/Septuplemint

>>50869442
phew, I was legitimately worried when I saw he wasn't on the list

[Anonymous No.50887593]

Why is that scam sol outpumping this pos?

[Anonymous No.50887664]

>>50887593
completely natural market forces

[Anonymous No.50887981]

>>50869040
Crab run incoming

[Anonymous No.50889828]

>>50885606
>siesta
joe was the one team that constantly called him out and shit on him back before his shit blew up. Don't you remember the fued?