/biz/ - Business & Finance

>>26143513
Shit coin dev will dump 300,000,000 on you

Vitalik likes it

https://twitter.com/vitalikbuterin/status/1229908044714086401?s=21

>>26143513
quick AVAX rundown

Emin Gün Sirer:
>Cornell CS Prof has been in crypto since BEFORE BTC
>is the Number 2 in Cornells IC3 (Ari Juels is number 1)
>h-index of 46 (Juels h index is 83), nobody in crypto comes close to these 2 gigabrains (Vitalik has h index of 27 FYI)
>EGS recognized the importance of Chainlink from early on and is in close contact with the Flannel Man
>Vitalik endorses EGS and is already looking at "Athereum", a Subnet on Avalanche to solve what he cant do with ETH 2.0 https://athereum.avax.network/

Avalanche protocol:
>The third consensus protocol after Nakamotos Proof of Work and Classical Protocols
>This is not repackaged shit with minimal tinkering here and there, its a completely new family of Consensus Protocol
>4500+ REAL TPS (no bullshit account tricks, batching, or L2), sub 3 seconds finality
>already more decentralized than everything else in crypto running a Node is really easy and hardware requirements are low, anyone can do it
>basically consensus is reached by probabilistic sampling thousands of independent nodes over multiple rounds
>Resist 51% attack (need 80% network control to take over)

Full EVM support:
>Low friction of adoption for projects developing on ETH
>All Ethereum smart contract and infrastructure can work on AVAX out of the box which means all the slow DeFi running on ETH right now will switch to AVAX to speed it all up
>AVAX nodes will Validate ATH (Athereum) which makes running a node very profitable

Subnetworks:
>This is Avalanches bread and butter. Independent networks can be launched on Avalanche, with near infinite customization. Athereum is a good example of this.
>Big picture: Within one year, the best parts of the entire cryptocurrency ecosystem can be mirrored on Avalanche. Giving it all the TPS, scalability, and speed, and also interoperability with the entire ecosystem.

right now it trades at $13.55

lets talk about the Bigger Picture and the Future of Avalanche:

basically the Third Breakthrough in Consensus Protocols was achieved and freed us from the constraints of the Blockchain Trilemma, we have decentralization, we have sub second finality, we have high tps ALL AT ONCE.
The Dream is finally reality and in the coming days Ava Labs will release the new "Apricot" Upgrade for AVAX which will finally activate the EVM, the Ethereum/AVAX Bridge and the first decentralized DEX ala Uniswap but with sub second transaction finality, low fees, no frontrunning and all of this secured by decentralization that was thought to be impossible.
the implication here is that this is the first time a DEX will achieve performance that can rival centralized exchanges like Binance and Coinbase, their Business model is about to die!
do you understand what they did with UNI, SUSHI, CRV, YFI ?
They accumulated them hard to try and gain as much marketshare of the DeFi governance tokens as possible and they werent even a threat on the same level as Avalanche...
They will repeat the same with AVAX and the DeFi Governance tokens on top of it.

this is just the DEX usecase, other DeFi is also jumping ship and coming to AVAX with Apricot.
like for example BZRX (check the chart, zoom out, buy a bag now and thank me later).
more DeFi will follow once the first movers are proven successful.
also Chainlink is very hard working on integrating ALL Chainlink components into Avalanche and Chainlink will gain another huge advantage here and also boost AVAX.
Buy LINK, buy AVAX and watch out for Coins that come to AVAX or ones that copy the laggards on ETH who still dont know any of this.

(copied from a previous thread thought it was interesting)

>>26143542
ermin is cool. Other cool devs like it. I'm too tired to talk about the technical details, but just dyor. I believe in it. I don't think this is a 1000 EOY coin (it could be, I just don't think every good tech can moon like ETH), but I believe it's value will steadily increase as more read up on it and start realizing its worth.

>>26143644
AVAX was stealth phase for 2 years and released at a point when everyone was busy with DeFi, farming yields, swapping shitcoins and all this, this breakthrough went almost unnoticed.
right now AVAX is still in price discovery mode and its true potential is still unknown to most keep that in mind.
so even if you feel like buying the top now, this is still extremely early (network is only 4 months old!)

Subnets are superior to parachains.

I don't know what the do, but they are sure better.

>>26143648
>I just don't think every good tech can moon like ETH
but AVAX is in every way superior.
thats like going from VHS to DVD, like from Horse to High performance Combustion Engine, like from dial up to fiber.

Jesus christ

likely sold me on this anon. whats sui and make it?

>>26143773

Suicide stack 500 AVAX (new minimum for nodes)
Make it stack 2,000 AVAX (old min for nodes)
Fuck you money 20,000 AVAX (top buying bracket during the ICO without source of funds)

>>26143725
do you start to understand what is about to happen and what nobody sees yet?

>>26143773
make it stack is 2000 AVAX because that is the requirement to run a node.
suicide is 500.
the bigger the better tho so if you can afford it buy as much as you can.
also 43rd on CMC and its at least a top 3.

Dang, how high is it supposed to go?

>>26143800
seems unfuddable, I did see some radix shills arguing earlier though I didn't pay much attention to that. may need to get in on this now

>>26143800
Do I have to stack? What are the advantages

>>26143859
Higher than ADA

>>26143859
If Bitcoin or ETH starts mooning again (given the pattern that is forming, I’d say within 48 hours) you’ll see $20 within a week.

>>26143859
possibly thousands of dollars and some day a price that rivals the one of BTC right now.
I know what you think but this isnt unlikely if you understand the tokenomics see this for example >>26143800
+ the accumulate dynamic of exchanges because sub second DEXes on Avalanche will destroy their business.

Avalanche is also not so different from Chainlink, Chainlink is a decentralized oracle network so others dont have to develop their own solution, Avalanche is a Consensus Engine anyone can plug into so they dont have to figure out their own Consensus.
you can see this with all the shitcoins who claim to develop their own "Consensus" Protocol but actually just modifying nakamoto or classical consensus. this is no different from shitcoins doing their inhouse oracles.

>>26143874
>radix shills
they are salty because their shitcoin goes nowhere.
its centralized, literally no name team, has no mainnet, makes big claims and never delivers.

>>26143881
the advantage of your own node?
>easy riskless 10% APY + delegation fees to your node + tokens from validating subnets.
the potential is insane.
if you are too brainlet you can just delegate to a node for a small % on your 10% rewards.

>>26144037
Setting up a node is stupidly easy too. They’ll run on a Raspberry Pi:
https://youtu.be/jlur1nef4-E
It’s actually easier than this video since they’re releasing ARM binaries so you can use the install script for a Pi rather than building from source.

>>26144037
ok im fudded on radix can you fud ATOM and DOT for me pls

I said many times that I refuse to buy this top, dip it to 8 and then I buy, I won't be buying into illogical unstable shit

God damn. whats a realistic estimate for this coin then price wise? sounds like a long term hold to me though sadly I might be priced out of the make it stack, can only go sui. maybe still make it if node reqs drop you think?

>>26143859
If we can Crack and hold $15 at next push. The jump to $20 should be quick as people take notice.
Youtubers still yet to shill a maximum pump.

>>26144134
and they will simplify it with the next upgrade too, nodes will be able to bootstrap instantly.
there will be light clients too.
governance features.

>>26144167
>DOT
Is made by Gavin Wood, a self admitted Pedophile who was kicked out of ethereum for fucking shit up.
Polkadot is centralized with only 10 Validators that secure the network (Avax has over 740 Validators that all participate in consensus and it can scale up to millions).
Polkadot has a lot of Hype but there is not much behind it.
>ATOM
ATOM is currently valued at $700 million or so and it literally has no usage currently
people also often get confused with ATOM and think it’s used for the entire cosmos ecosystem, it's not.
so basically another unfinished product and AVAX has the better tokenomics and more potential from a gains point of view.

>>26144204
It’s at $1b market cap. Took link ~2 years to reach $9b from this point. The crypto market has gotten bigger and more legitimate since then so maybe we can do it quicker.

>>26144199
>dip it to 8 and then I buy
it's not happening, the ship has sailed
you're lucky when you got in the next and better ETH below $20

>>26144204
>whats a realistic estimate for this coin then price wise?
the full potential of this is not fully explored yet but solving the scalability problem/the blockchain trilema is worth trillions.
combined with chainlink the possibilities are almost endless.

>>26144366
you should stop giving a fuck about the price and just accumulate.
DCA!

>>26144167
Have a read of the Avalanche AVAX COO's Twitter thread on the comparison of DOT and ATOM to AVAX:

https://twitter.com/kevinsekniqi/status/1346213010138914817

>>26144355
getting DeFi to Avalanche is very simple through the ETH/AVAX bridge. the C Chain of AVAX runs the EVM and deploying Ethereum contracts there is easy for any developer.
basically all you will have to do to set it up is change a couple settings in metamask. thats it.
its possible that it gains fast adoption because of this, network effect etc. and ETH is already huge (dev and community wise) so whats stopping it?
there is literally no competition, no joke.

How come there are no discussions like this about RBC?

Shhhh I'm ngmi with 100 AVAX. Let them think it's a scam for a little while longer.

>>26144519
got a sui stack now. aigmi bros? can I stake?

>>26144566
because RBC is a pajeet scam

>>26144204
some more bullish info:

>Emin is approved by Sergey and Sergey loves him, shares his vision and even gave him a prime spot during the Smart Contract Summit, currently they are planning to move all Chainlink Oracle components over to Avalanche
>Emin is Vitalik approved, Vitalik confirmed Avalanche is legit, he didnt even bother defending eth 2.0 or comparing it, he said AVAX is as legit as BTC
>one of the Founders, Ted Yin made Hotstuff, the fastest classical protocol that facebook wanted to use for Libra which was canned, he then went back to Emin to make Avalanche
>Emin can farm Gigabrains for his company Ava Labs directly from IC3 which is 180+ researchers and 8 universities
>the Business development guy John Wu is a wallstreet bigshot who got funded by the Blackstone Group (look em up) and has serious connections

>>26144566
I dont even know what it is but I assume some shitcoin.
>>26144643
keep delegating it, keep accumulating more. try to get at least 500 so you can run a node in the future.
you need to hurry up.

>>26144566
because you fell for a coordinated street shitter pump and dump
fucking retard learn the signs

>>26144566
Because RBC shillers just meme.

Avax Chads meme with fact about how great the product is and the Rbc retards fud campaign falls apart.

>>26144037
So uh, if i node 2k, what kind of usd could i make per month? Im new to this and make 2g in disposable income a month.

>>26144688
you can delegate it and eventually later you can run your own node.
make your own wallet here and get it off the exchange first:
https://wallet.avax.network/

through the wallet you can become a delegator and pick a Validator.
check out Validators here https://avascan.info/staking/validators

pick one with 2% and delegate for 2 weeks minimum but not more than a month or two so you have a bit more flexibility.

>>26143513
this or LINK?

>>26144339
yeah this pretty much ties in with my prior understanding. Nice summary though

I think its foolish to completely dismiss DOT though. It's not just hype, there are countless projects building on DOT. I agree insofar as the dot network is not close to being finished though.

>>26144711
I straight up just aped my BTC into a sui stack pls tell me I made the right choice anon

>>26144770
10% APY.
>what kind of usd could i make per month?
right now staking 2k for a whole year would give you ca. 220 AVAX which is at current price like 3000 USD.
since the potential is so high this could literally print you thousands of dollars a month in the not so distant future.
running a node is cheap too, costs like 20 bucks a month on a VPS.

>>26144792
you will be fine

>>26144777
checked, ideally you have already a portfolio with both.
If you dont its imo smarter to set up the AVAX node and use the easy low risk staking gains to accumulate Chainlink.

>>26144787
>I think its foolish to completely dismiss DOT though
I mean cmon bro its just 10 Validators, the system has many more fundamental flaws and missing incentives to keep it secure.
its slower, there is slashing and risk to your stake.
I think its massively overvalued and vaporware.

>there are countless projects building on DOT
its pointless if its all centralized and many will learn the hard way, same way people didnt understand why they cant make their own inhouse oracle.

>>26144792
its the right choice no doubt, I dont see anything as big as LINK and AVAX right now and AVAX has currently a bit more moon potential because its still so new although chainlink will 10x or more in the coming months.

>>26144792
You done good. Just need strong hands now, whether it goes up or down. There is a lot of long term potential here.

>>26144928
if you start to see the bigger picture it becomes incredibly easy to hold.

>>26144988
>>26144928

based, ty anon. delegated and we're off to the races. what are these collectibles I see in the wallet though?

>>26144787
DOT is literally EOS 2.0 by all measures

>>26145143
NFTs and stuff like that.
incredibly easy to make on Avalanche.
right now its more or less useless but in the future this could be used for many different NFT usecases

>>26143576
I remember this pasta when it ended with "right now it trades at $3.00"

Good redpill thread.
Since buying link in september 2017 I haven't bought big into anything, just holding link. Seriously nothing new or innovative has come out these last years.
In late 2020 I finally bought big stacks of GRT and AVAX. Literally the first good projects to emerge since years.

13,525 staklet reporting in, do you think I’ll make it lads?

>>26146212
can you not?

t. 0.6k stacklet

SEC IS COMING IT'S.OVER

>>26146266
All good mate. I’ll let you park your Bentley in my jets hanger.

>>26146313
Avalanche did everything by the book with the SEC, Burgers were only allowed to invest if they go through extreme KYC procedures and currently its not trading on any US exchanges.
basically they didnt break any Laws.
also the new guy at the SEC is from Cornell too.

>>26146266
>>26146212
why not take a loan to buy more?

>>26146432
I run a safe diversified portfolio. My main concern in buying more is I’m not overly IT technical in a practical sense. I can read up and get strategic concepts but I maybe know 5% of what my iPhone can do. That’s how big of an idiot I am I even use iPhone. I could easily triple my stack but I don’t trust myself to have the knowledge to start running multiple nodes that would justify such a stack.

>>26146432
ITS ALL OVER TWITTER

SEC
IS
COMING

IF YOU SOLD TO US ITS OVER

>>26146629
source

>>26146629
They didn't sell to burgers, that's why they're having a hard time buying it.