/biz/ - Business & Finance

Change the narrative your fud is outdated

For anyone interested or non-technical you can read more what a double spend is and see that it has occurred on AVAX by reading this
>Double-spending is a potential flaw in a digital cash scheme in which the same single digital token can be spent more than once. Unlike physical cash, a digital token consists of a digital file that can be duplicated or falsified.[1][2] As with counterfeit money, such double-spending leads to inflation by creating a new amount of copied currency that did not previously exist.

Source
https://en.wikipedia.org/wiki/Double-spending

>>28592223
Its true tho, this really happened

>>28592221
Claiming this to be "minting" is extremely dishonest and even malicious towards their own users as they are lying about a major problem to their users. The point of a blockchain is to prevent double spends, if it can't it's a major failure.

>>28592223
I'm just trying to help non-technical people like you to see what really happened. You don't have to believe it if you don't want to, but no one who understands this (developers) are going to use AVAX hence there will be no legit projects on it after this.

>>28592030
This but unironically

It's really sad how people have to exploit a situation to fit into their personal agenda in some way, by blowing it out of proportion, blatantly lying and deceiving others. But I guess that's why the say OP is fag.

If you get the dip you're looking for (don't count on it) maybe you'll finally buy and stfu?

>>28592030
you're right. the devs clearly rushed and are clearly not capable of delivering a secure system to market. there's zero excuse for this shit

>>28592350
You're not trying to help anyone, you're just fud'ing a coin you didn't buy and feel is a threat to whatever you own.

What happened to AVAX is the exact same thing that happened to BTC. They had to roll back the chain. Did it kill BTC? No.

Now tell us which coin(s) you own.

>>28592452
>>28592528
What have I lied about and how am I blowing it out of proportion? I am just posting what happened so people without technical understanding can understand since the avax team is dishonest about it. If you choose to believe their lies, then do that, but I'm here to help people who can't understand the technicality of it. No legit developers will touch this after what has happened.

>>28592452
double-spend is just about the worst thing that can happen on a crypto you ignorant fool

If we suffer through an unnecessary dip so this bitch ass OP can accumulate, and he fumbles again and stays in DOGE while he jerks off to tranny porn inbetween posting on Reddit, then I'm going to come over to his house and rip the Biden posture off his wall and strangle him with it.

Still not 100 fixed after 2-3 days, fucking AVAX!

>>28592223
it's true. i wouldn't call it double-spending per se. it's more like double-minting which is a critical flaw in system that calls itself a "blockchain"

>>28592030
thanl you
will sell my stack now

>>28592689
this is 2021 you stupid fuckwad. Job 1 is to make sure this shit CANNOT happen with your chain, and the developers clearly are not capable of meeting that base level requirement. there is no arguing this point. also bitcoin never had a successful double spend attack. shill more you turkish asshole.

>>28592711
it's fixed, dick head, and once the relayers upgrade, Athereum bridge will be back and you'll still be choking on cocks while the network explodes in popularity and real world usage. Stay left behind.

>>28592768
it's called: shitshow - the coin

Looks like avax is bitconnect 2021
>relentless paid shilling
>broken
>solution has already existed
This is just emin realizing that academia is in a huge bubble and trying to grab some gibs through pandering to the blockchain crowd.
Congratulations on the gains.

>>28592452
deluded

>>28592889
your life is a shitshow, this coin is still amazing however.

>>28592030
Turks delivering a shitty experience and trying to cover up and censor when the truth comes out.
More news at 8.

>>28592452
>>28592528
>>28592709
>>28592840
>The recent events have led to a decision to warp speed our development with Polkadot, via Kusama testnet and Parachain collaboration to further diversify our platform offerings.
See? Developers don't want to stay on AVAX anymore as it's insecure. No matter what you say. And new legit developers will be hard to attract.

Source
https://blog.zero.exchange/avalanche-post-mortem/

>>28592768
It is a double spend.
>With digital currency, there is a risk that the holder could make a copy of the digital token and send it to a merchant or another party while retaining the original.
He staked his original 63 AVAX and bought wETH for the 381 duplicated AVAX
https://www.investopedia.com/terms/d/doublespending.asp

>>28592972
no, the token is a shitshow and your defence doesn't help with the fact that a double mint happened, they still havent fixed it and all withdrawals are paused.

is this even a public blockchain?

>>28592030
I knew it was a shitcoin all along. Made some nice gains and got out before it turns to shit.

Yup, obvious garbage built only to sell the token. Double spends is an instant killer, if you don't sell this you're beyond retarded. BTC has been going for 12 years and never had one double spend.

Devs will never touch this when they can build on ETH, ADA, and DOT.

>>28592832
Turkish paid shill gets btfo and deletes his shitty shill post. go back to your handlers faggot.

>>28593024
you just can't cope with the fact that you didn't buy when we told you, and you know once this minor issue is resolved and everything is back, which is soon, you'll have to suffer more as you watch the price rise. You just suck and you hate yourself.

I was about to 2 sleep but after checking the explorer this is real iam now market selling.

>>28592030
Its called xdai, it is here for a while, why u guys buy into ghost chains and overhyped shit networks when we just have xdai stake? R u all pajeetniggers at this board??

>>28593054
holy kek
>they rolled back the btc chain
never happened a single time since inception. Absolutely disgusting turkish faggots try to bring everything down to their level of shit

>>28593110
i don't hate myself but the tone of your message seems to project that you do hate yours right now. stay safe anon

lmao what is wrong with these fudding virgins?

Every chain has had bugs, BTC had a double spend worth billions of dollars...

Stay angry xx

>>28593110
>insults
the only problem here is (you)
and this xdai pajeet >>28593146

>>28593217
I hate that biz is full of newfags and basedboys like you. So a part of me hates myself because I exist on this planet with you.

Look at that weak ass dip. Is $47.50 the best you can do? Come on, bullshit some more.

Is it over for us?
Someone post anti fud right now or in selling.

>>28593110
Double spending cuck

>>28593376
just sell, obviously you're new to crypto and don't deserve to make it.

>>28593197
Happened in 2010 and again in 2013
https://bitcointalk.org/index.php?topic=702755.0
Carry on with the shitposting though

Honestly i sometimes don't want my coins to dip so fags like OP won't be able to achieve what he aimed for and accumulate cheap, Even at the cost of me not increasing my stack.

I don't care if you believe in AVAX really badly that you need to fud it constantly (Every consistent fudder is accumulator by a rule of thumb), You play the game dirty, you're dirty flithy scum and i hope you'll never make it.

For newfags, The problem yesterday was a minting problem, A fairly common problem among crypto projects and it was solved very fast and required no fork because Avalanche consensus is incredible in opposite to other chains who experienced inflation bugs. So autists here noticed the weird behavior on chain and tried to shill it as double spend, Not going to lie i was a bit worried myself until the dev came with official explanation for what really happen, Then autistic fudders kept trying to replace the minting *solved* problem with their initial wishful thinking fatal double spend attack and since yesterday they haven't stopped spreading those blatant lies, It makes sense they got "attached" to the fud, rarely you see a fud get nailed infront of you this good, It's hard to let it go and just change the narrative.

>>28593394
yes double spends happen when there are bugs, and then they get fixed and you stay poor

>>28593270
Show me the BTC double spend, because it has never happened.
>>28593281
I hate that you're cheerleading this coin so hard that you cannot see the evidence that is presented to you. Get out of the thread if you don't care about it. This is for people who don't want to invest in broken tech with dishonest devs. If you're fine putting your money in AVAX you have nothing in this thread to discuss.

>>28593485
>This is for people who don't want to invest in broken tech with dishonest devs.
Damn, this sounds personal for you bro. Did the devs touch your pussy?

>>28593051
Yeah it only had an overflow bug resulting in the creation of 4B BTC. No biggie.

todo for turk devs:
COMPETING IMPLEMENTATIONS THAT CROSS CHECK EACH OTHER

eth had that and multiple bugs were found that way before they did damage

>>28593359
Its because everyones money is held hostage, once the floodgates are opened this will be the worst dip since bitconnect

>>28593664
the devs are not actually Turkish, they're all different races you racist democrat fag

>>28593655
*92b

>>28593547
You have more posts in my thread than I have. You say nothing of value, all you do is spam
>blatantly lying and deceiving others. But I guess that's why the say OP is fag.
>If you get the dip you're looking for (don't count on it) maybe you'll finally buy and stfu?
>If we suffer through an unnecessary dip so this bitch ass OP can accumulate
>it's fixed, dick head
>your life is a shitshow, this coin is still amazing however.
>you just can't cope with the fact that you didn't buy when we told you
>Look at that weak ass dip. Is $47.50 the best you can do?
>Did the devs touch your pussy?
but yes, obviously, it's for me that this is personal. I would guess you've staked your avax and you're afraid to lose all your money, correct?
Sad. Now stop spamming my thread with useless gibberish or come back with some real replies.

>>28593485
BTC went through a fork because of the same inflation bug in 2010 after anonymous minted fucking 300M BTC out of thin air, The past 3 days showed how great and superior AVAX consensus is because it identified the bug after only 790 AVAX minted and immediately entered defence mode to prevent a more serious problem that other chain who experienced the same bug went through.

Why isn't binance letting me sell my avax? It's not staked.

>>28593687
bullshit, there is plenty of volume and the market simply isn't selling

>>28592030
had such high hopes for this coin

>>28593766
Oh, cool, you're making a list of things I said. Add this as well: Fuck you, nigger.

>>28592709
it's not about goddamn dips, this entire thing is about a technology that's not mature enough to go into production and devs lying about the status, which is arguably the biggest SELL signal you can get

>>28593773
It was a problem yes, it wasn't the same problem. It was in bitcoins and cryptocurrencies infancy. Remember that bitcoins testing phase was public, this was in the testing phase.
AVAX wasn't, AVAX is live with $3,677,711,494 in mcap. Bitcoins mcap wasn't anywhere close to it, the highest it ever touched during that year was $1,000,000.

>>28593799
You can't currently sell, exchanges don't accept transfers. So you're lying again.
>>28593872
Hmm, you seem very contradictive, just like the AVAX team regarding this issue the last few days.
>>28593750
>the devs are not actually Turkish, they're all different races you racist democrat fag
and then
>>28593872
>Fuck you, nigger.
Good job.

>>28594251
>unintentional BTC minting didn't happen
>okay it did, b-but it was a long time ago
oh my days mate

>>28593857
Me too anon, 5 days ago there was nothing you could fud about avax, but two major unrelated fuckups in this short of a timeframe mean this coin probably has no future.

I exploit things for a living (real bug bounties). Totally unrelated, I'm gonna open some shorts.

>>28594464
Difference is
>Testing phase
>Live
I don't consider it being a "happening" as it happened during the testing phase since that is when you're supposed to find all the bugs. If it happened during a later stage like in 2016, then that would have been terrible.

If AVAX had double spends in testing phase, no one cares. When it happens on the live mainnet with $3,677,711,494 on the line? Incredibly bad.

>>28593773
The reason the devs knew is because doublespendanon reached out to them. You're out of your mind if you think they just happened to be proactive and caught it by chance.

Did any of you people who opened shorts yesterday when this was being investigated keep it open?

Ok I am out, goodbye avax it was a good ride.

So many ultra bullish coins why should I stay in here?

All in LINK

Rather than being shills or fudders, can we at least agree that the optics of this are really bad and regardless of the problem, many people will cash in due to lack of confidence in this product.

To imply anything different is disingenuous.

I suspect it will tank in a week or so but I will definitely buy the dip if it drops to $15 and the Devs prove the platform can deal with the inevitable increase throughput over the coming weeks

>>28594688
your posts are simply disingenuous - the BTC double spend and hard-fork happened in 2013, four years after launch, at a time when there were >500k wallets and >1mn transactions a month

the BTC double-spend happened at a time of much greater project maturity than this AVAX bug, and was a far higher-value double-spend.

>>28594546
>5 days ago there was nothing you could fud about avax
This is false
AVAX is just not a good product

>>28595078
this

>>28594727
No update happened since you fucking scum, It was already solved by the time anons here noticed something is wrong. Anons here rationalized the aftermatch of the bug and they came to the false "conclusion" it was double spend which then refuted by the team itself but people still keeping the same narrative, It's just tiring trying to explain things over and over again and i'm getting off 4chan for the next couple of days

>>28594891
I opened a short 1,5 hours ago when this was 50 and I made 10x

Dont worry, I will use those gains to invest in actually working projects like BNB & DOT.

>>28595153
Nope. You're talking about this, right?
https://en.bitcoin.it/wiki/Irreversible_Transactions#Successful_Double-Spends_in_Practice

>>28592709
you need help and strong meds

>>28595764
https://bitcointalk.org/index.php?topic=152348

>>28595522
>Anons here rationalized the aftermatch of the bug and they came to the false "conclusion" it was double spend which then refuted by the team itself
it was a double spend brainlet. Spending same coins several times is literally the definition.

>>28594891
Still open. Put a stop loss at 55 and went to sleep. Not the ideal entry, but it was nice waking up in the green.

>>28595522
Stop drinking AVAX team cum. Devs pushed a commit AFTER doublespendanon went public.

>>28596013
>https://bitcointalk.org/index.php?topic=152348
Yeah sorry but that doesn't count as it never made its way onto the correct chain. The reason for the hard fork was because of migration from BerkeleyDB to LevelDB which caused a chain split because all nodes didn't update. So the fork happened before the double spend, and the only reason this double spend worked was because of the fork. It's like saying that every transaction of bitcoin cash was a double spend, except it's not because it's not accepted by core btc.

This fork (and double spend) was not intended and the double spend never carried over to the legit chain. The fork was a mistake which enabled the double spend but the double spend never became a reality on the legit chain.
https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki

If you continued reading instead of stopping when you see fit, I wouldn't have to explain to you. See pic

>>28596013
>>28596631
Sorry, I forgot to include the proper answer

>>28596518
patch was released 06:30 AM yesterday

doublespend anon's first post was 17:38 PM yesterday

https://i.warosu.org/biz/thread/S28502082#p28523811

>>28596013
>>28596768
No reply about your lies? Do you agree that you were wrong about the btc double spend? :-)

>>28597352
mistaken, perhaps

>>28597392
Well, it happens to everyone. Sorry for the douche reply, it was unnecessary.