/AVAX/ - Avalanche General #372

[Anonymous No.49355319]

Japan Edition

Chart
>https://coinmarketcap.com/currencies/avalanche/

Buy AVAX
>https://www.binance.com
>https://www.kucoin.com
>https://www.gate.io

Buy AVAX (for burgers)
>https://www.coinbase.com
>https://ftx.com
>https://www.kraken.com/

Create a wallet
>https://wallet.avax.network/

Official Website
>https://www.avax.network/

Medium
>https://medium.com/avalancheavax

Social Media
>https://twitter.com/avalancheavax
>https://twitter.com/el33th4xor
>https://twitter.com/kevinsekniqi

[Anonymous No.49355355]

>>49355319
where waifu?

[Anonymous No.49355427]

>>49355319

[Anonymous No.49355512]

>>49355355

[Anonymous No.49355528]

>>49355355
here anon

[Anonymous No.49355587]

Weeb edition

[Anonymous No.49355608]

>>49355512
No.

[Anonymous No.49355612]

When top 3 how tf this shit still so fucking undervalued?

[Anonymous No.49355805]

>>49355612
AVAX's largest subnet LUNA crashed to zero and it's second largest subnet SOL keeps crashing.

[Anonymous No.49355958]

>>49355612
everything in its time

[Anonymous No.49356092]

>>49355805
could you morons take one day off from just making shit up?

[Anonymous No.49356365]

>>49355319
finally a thread without metheads

[Anonymous No.49356415]

>>49355805
Based FUD lmao

[Anonymous No.49356434]

Can't wait to load up on this around $5-10. What's your make it stack?

[Anonymous No.49356535]

emin has prominent nipples, i bet they are really sensitive

[Anonymous No.49357373]

>>49355612
ppl haven't get the redpill yet
>>49356535
wanna touch 'em nipples tho

[Anonymous No.49357512]

>>49357373
not gonna lie they are quite nice. perfectly placed, properly angled, and laterally symmetric. 9/10 overall

[Anonymous No.49358637]

if i buy can i be popular in japan? i need a waifu

[Anonymous No.49358699]

isnt this the same chain that had gas fees go up to $14?
KEK GET FUCKED

[Anonymous No.49359101]

>>49358699
>had gas fees go up to $14?
That was before subnets, check the gas fees now.
Polygon will never do as good as AVAX since they're trying to copy subnets in a shitty way without the consensus protocol that make them works

[Anonymous No.49359132]

>>49359101
>That was before subnets, check the gas fees now.


Not even true, Even in the most congested day average fees for swaps didn't exceed $1

[Anonymous No.49359226]

>>49359132
I know that, but one time it went to that price for like an hour and then back to normal, that faggot is trying to make it look like is the usual in that chain when it's not, and now with the subnets even less

[Anonymous No.49359258]

>>49359101
they fixed the gas fee algorithm long before subnets released. trivial issue since it only took them a week to tweak it and eliminate fee volatility.

[Anonymous No.49359280]

>>49359101
Dude, don't talk to the trolls, they are of a singular mission.

[Anonymous No.49359328]

>>49355319
Can't wait to see AVAX at $140 again

[Anonymous No.49359353]

>>49359328
You will be waiting a good year or 2. Tempted to pick up 2k avax at these prices though.

[Anonymous No.49359389]

Here are some things to keep an eye on about AVAX to make sure they stay on track for success:

AVAX

- [ ] Continued growth of subnets
- [ ] Permission-less subnets
- [ ] Cross-subnet communication
- [ ] Validator count increase
- [ ] State pruning
- [ ] EVM improvements
- [ ] L2 subnets
- [ ] Gaming subnets
- [ ] NFT growth
- [ ] Core Wallet release
- [ ] BTC bridge release
- [ ] Bridge improvements
- [ ] DeFi dapps
- [ ] Avalanche v2
- [ ] Enterprise adoption

Keep an eye on:
- [ ] Monthly transaction count
- [ ] Daily active users
- [ ] Monthly active users

[Anonymous No.49359494]

>>49359389
wow, are subnets not already permissionless? That's actually fucking terrible, if true

[Anonymous No.49359501]

>>49359389
I forgot to add one more thing to that list. During the summit, Emin said they are working on a new type of database. Can’t confirm, but I think this is what big brain Ted is working on.

[Anonymous No.49359520]

>>49359494
Shit is new man. There are only 2 live. Best to test them and get bugs worked out. I’m sure we will see permissionless subnets THIS year.

[Anonymous No.49359747]

>>49359520
I guess to be more clear, when I say permissionless, I mean the validators that can be members of the subnet.

[Anonymous No.49360041]

thinking of switching out of polkadot for AVAX. it looks like for staking you bond to one single validator and can stay locked to them for as long as a year at a time. What happens if that validator just fucks off during that time? Do your coins unbond or how does that work?

[Anonymous No.49360306]

>>49359747
Yea anyone can spin up a subnet, however the validators that validate the subnet must be white listed, validators can't come and go as they please. Which is fine because IMO they need to make sure subnets are functioning flawlessly in a permissioned setting before they open that can of worms. This forms no impediment to a validator market place developing, it just means that there still requires some coordination with the subnet originators.

[Anonymous No.49360396]

>>49360041
Sounds like you’re thinking of delegating. If you delegate to a validator that goes offline and doesn’t maintain 80% uptime at the end of that 1 year period, you don’t get any rewards. I do believe you are locked in for that time period, but your stake will not be slashed since there is no slashing on Avalanche.

[Anonymous No.49360428]

>>49360396
well damn. so worst case scenario I could potentially lock up a stack for the max timeframe and the validator could go offline a week later and I'm just sol for a year?

[Anonymous No.49360506]

>>49360428
Just lock it up for less time. Month by month returns good yield.

[Anonymous No.49360507]

>>49355319
Anyone else shorting AVAX?

[Anonymous No.49360561]

>>49360506
is there a warmup time when you go to restake or does it start earning rewards instantly again? Would like it to be as hands off as possible so I'm not tempted to look at it and make stupid decisions

[Anonymous No.49360910]

>>49360561
it's instant. I do month to month and it's as simple as going on the web wallet and a few clicks. Delegate on a validator that has been running for months and has 99.99% uptime for guaranteed gains. There is effectively no difference in staking yield comparing year to year or month to month.

[Anonymous No.49360963]

>>49360910
based and blessed thanks anon

[Anonymous No.49361778]

Avax

[Anonymous No.49362021]

>>49360963
just stake on yield yak

[Anonymous No.49363445]

>>49355319
Fuck this crab dumping piece of trash coin. Going down faster than you can say double spend.

[Anonymous No.49363629]

>>49355805
kek new fud i like it
>>49355612
no one knows what avax is yet still. ada, sol luna, all got SO much more normie attention than avax - ask 10 people into crypto what l1s they know thery'll all say Ada, sol, eth, - 1 out of 10 might say avax. Its just fucking stealth mode for some reason I dont know why normies can't figure out it exists. Marketing must be trash tier

[Anonymous No.49363641]

>>49359258
>>49359101
>>49358699
As I told everyone at the time - they could fix the gas fees whenever they wanted - which they did. Inneffective fud. Gas fees are set at the optimal rate for the chain. Deal with it jeets.

[Anonymous No.49363797]

>>49363629
Yeah it's really fucking weird. Redditfags didn't even post about it at the height of the bull when it joined top 10 lmao

[Anonymous No.49364418]

>>49363797
go watch any crypto youtuber who does vids on Avax and others like Sol. The Avax vids get a couple hundred views - five or six comments. Sol vids get thousands of views and hundreds of comments. I just find it very strange.

[Anonymous No.49366236]

good morning gents

[Anonymous No.49366392]

>>49363629
I'm fearing Avalanche superiority is too nuanced for the masses to understand.

I even seen VCs misunderstood many things about the architecture so it doesn't really make me confident about normies finally finding out

[Anonymous No.49367238]

>>49366392
This is pretty much it. SOL fees are cheap but Normies don’t care why and what trade offs were made. SOL seems fast, but again they don’t care about the trade offs and don’t know what finality is. I guess it’s a a JPEG chain so in the end it doesn’t really matter. Ava labs really needs to mail CORE wallet. It’s going to be a pivotal moment for avalanche. Just don’t expect it to affect price.

[Anonymous No.49367292]

>>49367238
The wallet should've been release end of March, but they still say "very very soon" when asked about it. Good job missing the momentum there.

[Anonymous No.49367469]

>>49366392
Honestly 99% of crypto people have no fucking clue what they're talking about

[Anonymous No.49367530]

>>49367238
>CORE wallet.
I always said the no.1 thing we needed was a hub. Moving avax in and out of metamask to use on it's 1,000 different dapps is exhausting. Even then till it's AOL levels of user simplicity, like a button that says "get more money free", normies aren't gonna be on this train, the boomers are never going to use the avalanche system. Also emin says when a stable coin is no.1 we have officially left the early adoption phase, i think when crypto shows up on 401k balances is the real sign.

[Anonymous No.49367570]

>>49367469
Yes, most don't even know the difference between sybil protection and consensus mechanisms. Proof of work or proof of stake are not consensus mechanisms.

[Anonymous No.49367646]

>>49367292
It’s going to be this month. I’m pretty sure it’s taking a while because they are implementing multiple chains into it. Maybe one was LUNA, and now they have to remove all references to it lol. I also believe they are finishing the BTV bridge at the same time so maybe that took longer than expected as well.

[Anonymous No.49367756]

Does anyone else feel like the L1 game is over? I not talking about AVAX not pumping or anything, but just new L1s being released and pumped next cycle. Let’s say every 4 years there is a new batch of L1s being released. If a next batch were to come out, what would be their selling point? More TPS? Cheaper fees? More decentralization? I feel like we already have those things. Just sharing some thoughts.

[Anonymous No.49368370]

AVAX's initial token distribution seems to be one of the more centralised of the L1 VC coins. The 50‰ of supply for staking rewards those who gave much to stake in the first place.

Accounts on chain I'm not really sure if that is a food metric to quell these concerns. If a shitcoin can game it, so can this.

Considering investing, any thoughts on the above?

[Anonymous No.49368553]

>>49367756
Network robustness+Unique tech are all that matters. New chains can never compete with older L1s in term of robustness (As long as the chain architecture allow for expansion, Many are centralised chinkchains by design) and in case of Avalanche it has the most unique tech (Consensus innovation is something that come once in few decades) so tech will still be very relevant in few years.

Also Avax haven't really pumped to where it deserves to be (Should maintain a top 3 position), I feel like non of the narratives in last 7 months were priced in

[Anonymous No.49368574]

>>49367756
Yeah, I also feel like the L1 space is already too crowded. We already have everything we need and way more.

[Anonymous No.49369221]

>>49368574
Pretty much. Just need to develop applications that go mainstream. The tech has been out of like 10 years with no real traction. About damn time we get at least 1 application that people clearly understand and gets a lot of usage.

[Anonymous No.49370752]

avax fud is stupid - its my top holding, fastest block times, lowest gas, its a great network unironically

[Anonymous No.49370967]

>>49368370
It really isn't. VCs only got about 12% or so of the initial supply (genesis mint was 50% of the max supply), the team and foundation hold the largest chunks which is fine because it means they have a decade+ of runway even in shitty market conditions to shepherd the protocol to full capability. The vast majority of those staking rewards don't exist yet and anyone with 25 avax or more can get in on them.

[Anonymous No.49371147]

>>49355319
I opened a wallet on Avax, how many Avax do I need to become a validator?

[Anonymous No.49371189]

>>49371147
2000 to validate, 25 to delegate

[Anonymous No.49371200]

PEOPLE ARE STILL HOLDING THEIR AVAX? AHHAAHHAHAHAA imagine holding this shit from $125 to $23

[Anonymous No.49371509]

>>49371200
Not funny though

[Anonymous No.49371537]

double spend cock and ball torture turkroach shitchain editing the cockchain fuck my ass tiddies vagina shit fuck anal cunt whore bitch

[Anonymous No.49371542]

>>49355319
>trusting turkroachs

[Anonymous No.49371822]

>>49371509
It is funny though

[Anonymous No.49372082]

I'm gonna buy 1 avalanche today. What am I in for?

[Anonymous No.49372433]

Alright, I have a month of waiting until my DOT unbonds and then I'm dumping it all into AVAX. Thanks AVAX frens

[Anonymous No.49372570]

>>49366392
betamax vs vhs

[Anonymous No.49373216]

>>49372082

[Anonymous No.49373659]

avaxbros WTFWT!???

[Anonymous No.49373720]

>>49373659
I bet some insiders are loading up right now, that's not fucking normal

[Anonymous No.49373886]

What the actual fuck is happening

[Anonymous No.49374042]

>>49356434
I wish you well annon. I really do.
I prefer not to go back to old projects this days. New DeFi projects like Equilibrium has become the popular talk in Polkadot communities of late esp as they plan thier EQ token launch.

[Anonymous No.49374709]

>XRP General
>XMR General
>GME General
>AVAX General

Spot the the common linking factor

[Anonymous No.49374761]

>>49371200
imagine buying most of it at 25 after the major crash tho instead

[Anonymous No.49374818]

>>49371537
this

[Anonymous No.49375157]

>>49356535
very disrespectful

[Anonymous No.49376272]

>>49373886
pentoshi made a bullish tweet right before the pump. Liquidity is poor on the weekends so it doesn't take much to move these markets

[Anonymous No.49376284]

>>49373886
LINK staking announcement is bullish for AVAX

[Anonymous No.49377018]

some anon made a thread that got zero post, but it was about some new government funding app that's being built on avalanche. AVAX will be part of government infrastructure.