/biz/ - Business & Finance

>inb4 telegram fud squad jeets raid the thread

Most asymmetrical trade at the moment imo, Really feels like it should full send to $20 in the short term but there's no max bidding, Doesn't feel like whales are onboard yet

>>56576213
Fuck this crab dumping piece of trash coin. Going down faster than you can say double spend.

rewriting my question from the avax-chan butt thread:

could someone explain how I actually transact on a subnet? do I just treat the subnet validator as my RPC node? I mainly ask because I want to know how to hook up my dapp to the subnet, but I need to know what network the provider should be looking at, and if there is a special way to format transactions

rather than have Avax / Avalanche slathered everywhere alongside the logo why not just leave it at more subtle ways
Every avaxchan doesn't need 6 million logos or words
If pajeets steal our waifu that's a good thing, free marketing. most do it on a subconscious level, where they don't even know they are shilling avax by posting our waifu
stuff like semi-transparent avax icon in the eyes
I saw a random thread on /pol/ last month and the OP pic was Avaxchan lol (but nobody knew because there wasn't a million indicators, which again is a good thing)

>>56576392
I personally believe this is just a bull trap, so it'd make sense for AVAX to stay at $12-$13 until the whole market crashes back down
>>56576426
Have you tried reading the documentation available on Avalanche's website?
>>56576493
Fair point, I think having AVAX's logo on her eyes + adding "Avalanche" to the side like picrel really does the whole work, but to be fully honest I don't mind either if there's a logo on the tie or clothing, check picrel, it has a couple of avax triangles around I and I still think it looks perfect.

>>56576594
yeah they want me to use their CLI, which is fine for testing but I want to make an app that people can actually use. to break this down, all blockchain transactions are just specially formatted calls to an rpc node. my assumption here is that I just have to use my subnet validator as the rpc node and it will know how to process transactions when it receives them. I'm just curious if there's anything else I need to know (like what is the chainID, for example; I believe it's supposed to be the transaction hash that creates the subnet?)

Fantom will flip Avax in 2024

>>56576594
It's great but excessive for every pic
for Avax General OP pics they're perfect
typically even if you use one icon on her chest or belt or somewhere without any words, only those in the know would understand symbols. but massive logos aren't subtle, and divert attention from the catgirl
normies on other boards will go "oh cute anime girl" and save her image and unknowingly use her as a reaction image later on, but are less inclined to do so when it has text they don't understand written everywhere

Check out Twitter, Avalabs is having a layoff wave right now. Not good.

>>56576841
seems like it was just marketing people, youd think people would be happy with how much they bitch about avalabs marketing kek.

>>56576653
Have you tried asking in that AVAX devs Discord group? I think they're more suitable to give you an answer rather than 4chan degens
I'd be glad to help but unfortunately, I'm not as smart to deploy DApps, so I just stick to staking
>>56576805
>but massive logos aren't subtle, and divert attention from the catgirl
agreed
I'm quite confident ainon will see this and take into consideration what you're saying
>>56576841
>letting 3 guys go
>"layoff wave"
hmm

>>56576841
I hope it's the marketing team, Probably the worst one i've seen on any major ever

Can someone answer >>56577675 ?

>>56578228
Looks like it's, Thank god.

Very bullish, They're probably hiring an actual competent team in preparation for the bull.

>>56578244
Are you blind? >>56577581

>>56578283
Can you answer this question: Why can't a rogue node validate main chain correctly but act maliciously on a subnet? They are separate chains, right?

>>56578342
They could, whats your point?

>>56578342
>Why can't a rogue node validate main chain correctly but act maliciously on a subnet?
How do you even set up an Avalanche node to do that
>They are separate chains
You need to watch >>56577675 pic. Even though each subnet can have its own fully customizable set of rules, they still validate the main chain, inheriting its properties regarding security as all nodes are connected.

>>56578374
My point is that a subnet has the same security as a sidechain. Are subnets just a bunch of sidechains?
>>56578378
>inheriting its properties regarding security as all nodes are connected.
How do they inherit it? It doesn't matter if all nodes are connected to each other because all nodes don't validate all subnets.

>>56578474
>sidechain
Define "sidechain"
Subnets are validators that are a subset of the mainnet network, which is validated by every single node on avalanche. A subnet is a blockchain or several blockchains validated only by that subset of validators. However any subnet can send arbitrary messages to any other subnet in the span of 2 txs without bridges or any additional trust assumptions. That does not mean a malicious subnet can mint AVAX at will, this is solely controlled by the P chain on the primary network.

>>56578549
>Define "sidechain"
The industry has a pretty clear definition for this. It's a chain that has its separate consensus from a "main chain" it connects to. I think subnets fit into this category.

>>56578579
>It's a chain that has its separate consensus from a "main chain"
not the case for subnets though.
subnets =/= sidechains

>>56578608
>not the case for subnets though.
>subnets =/= sidechains
How are they different?

>>56578619
Avalanche consensus is embedded all over the chain, even on subnets. Subnets despite having their own set of rules, are always serving the main chain as all nodes *must* validate it.
As you already clarified, a sidechain is "a chain that has its separate consensus from a main chain", this is not the case with subnets.

Someone asked for more AVAXchan?

>>56578579
The definition is more specific than that though and Im asking what your definition is because A) there are a lot of assumptions and baggage associated with that phrase and B) 95% of people are talking out of their ass and throwing buzzwords around.
By most common "industry" definitions, sidechains use a bridge with trusted intermediaries to communicate with the main chain, appreciably different consensus/architecture with different security guarantees, and validators which have no explicit cryptoeconomic ties to the main chain.
Subnets are not sidechains by this definition because they do not use traditional bridges to interoperate, the all use some flavor of snow family protocols for consensus with the same security guarantees, and all subnet validators have explicit cryptoeconomic ties via nodes needing to stake 2000 avax/validate the primary network/maintain an entry in the network registry on the P chain.
Practically speaking this means that the security level of any given subnet will differ from the main network because the validator numbers and the safety thresholds may be different. This is a desirable thing though because not every application needs 1300 validators secured by millions of AVAX.

>layoff the utterly garbage marketing team and focus on restructuring for efficiency
>people find it fud worthy

This coin has way too many haters, No idea how it can escape this curse without either heavy counter marketing push or just a very strong price resilience. Thus far it's getting bullied by very bad fate people on the social sphere.

Emin and his team also do a terrible job on the explanation side, On every Emin tweet you see fudders playing semantic games, As the CEO he should take his time and write a fucking paragraph that send the message clearly without any "reasonable doubt", Fudders are hunting for those and it happen every single time.

>>56579390
hat it needs is a huge fucking pump to sideline people an kill shorters.

Regarding Emin, do you feel like he's less technical now? Like on podcasts he seems hesitant to go deep on technicals. We all know he can, does he feel like its useless to do so?

>>56579496
Also, to back this up, there are twitter influencers that are on AVAXs side. Not sure if they were paid off or what, doesn’t matter. A big fucking up is still needed to get more attention. At this point I can’t help but think they are just waiting for more subnets to go live so people can have things to do if there is more attention.

>>56580192
Big fucking pump*

>>56579390
>people find it fud worthy
>people
subhumans that should be ignored, which is most of CT honestly

fuddies have no argument against big fat neko tiddies

>>56580247
>>56580267
I’ll bite
How many avax to get a loving gf built like that
Serious answers only

>>56580859
>How many avax
2000

I'm an avaxchad, I have 157 of them delegated.

John Wu here. We laid off 12% of our roaches today but to everyone here: do not worry we're still paying for your services. Continue to shill as normal and tell everyone we're aligned with LINK.

>>56578378
>they still validate the main chain
for now, but it will change. subnet validators wont have to validate the main chain

(unless the p chain is the main chain for you)

>>56579050
>>56580247
>>56580267
>>56580968
MOAR
>>56582222
Checked and Based
Nice quads chad
>>56582666
Not true as subnets validating the main chain are a core part of AVAX tokenomics (more staking = more scarcity as fees are burned)

>>56578939
>Avalanche consensus is embedded all over the chain, even on subnets
How do nodes/validators participate in the consensus of a subnet they are not "subscribed" to? They can't because these nodes don't know the state or history of a subnet and can't know which transactions follow protocol rules. Validating the main chain brings no security to the subnet, which has its own smaller validator (sub)set. Either all nodes validate all subnets (which would massively increase node requirements) or subnets have lower security than the main chain. There is no way around this.

>>56579172
>Practically speaking this means that the security level of any given subnet will differ from the main network because the validator numbers and the safety thresholds may be different.
Yeah this is what I was looking for. Thanks.
>This is a desirable thing though because not every application needs 1300 validators
That's one approach yes. As long as they have some checkpoints of the main chain or something.

>>56583645
>checkpoints of the main chain
Checkpoints *ON* the main chain

>>56579172
shared security is a fucking meme

this is why ethereum is a tranny coin
same ideology
tranny leftist horseshit fairy tale social constructivist garbage

avalanche is natural law

>>56583645
Checkpointing is not required, each subnet maintains it's own state entirely independently. Could a subnet do that? Sure. But it's mostly superfluous as higher TVL projects will spend proportionally more on their security budget for their subnet i.e more validators. Really it's the only approach that makes sense in the longterm. Any optimization or tech than enables a single monolithic chain like SOL to drive high throughput can be applied to any single chain on a subnet, except there can be multiple chains on a subnet and there can be thousands of subnets. Avalanche is the only technology however that allows for disparate blockchains to communicate with each other without additional trust assumptions, permissionlessly, with sub second finality to blocks, and effectively no limit to the amount of nodes that can validate the main network or any single subnet.

explain the wonton fork

>>56584881
most likely a publicity stunt to launch a memecoin
Might get a bag if it gets proper traction

bump

>>56580968
Y not 500

>>56582371
Ser wen AVAS payment for marketing?

>>56580247
>>56580267
i'm literally cumming

>>56588123
marketing team has been laid off

>>56587942
500 is the sui, 2,000 is the make it stack
>>56588815
Thank god

Dexalot processing 350k transactions today
(this is only one subnet)

>tfw already got an IC3 sui

https://subnets-test.avax.network/subnets/dLyxcugrVZarrCSREN4B7idVwoRzEbP3kzyJN2BTsoRqYggN5

HSBCdemo testnet subnet

>>56591620
bullish

To be fair, anything less than +30% pump in a day would fail to revive my excitement for avax.

bump

>Link absolutely dominated avax and easily surpassed its price.
I don't feel good bros.

>>56590502
Now look at unique users stats. Scam.

>>56592392
Oh no no no, Avax cucks on suicide watch.

>>56591620
https://www.theblock.co/post/262137/hsbc-tokenized-securities-custody-ripple-metaco

https://www.finextra.com/newsarticle/43222/hsbc-becomes-first-bank-in-the-world-to-offer-tokenised-gold

HSBC have been busy bastards on the Asset Tokenization front recently.

>SOL conference, Price pumped +100%
>MATIC conference, Price pumped +50%
>LINK conference, Price pumped +50%
>AVAX conference in 6 days, Price crabbing for eternity

Something is deeply wrong here

>>56594804
the avalanche conference was months ago in Barcelona friend

when will the crabbing stop?

>>56594928
You see that's the problem, You aren't aware there's an Avalanche House in 6 days, Event that John Wu hinted will contain some exciting announcements.

Avalanche marketing and lack of market making is a crypto tragedy, The gap between the engineering/BD department (Strongest in crypto possibly) and everything else is the biggest and more absurd i've ever seen on any project.

>>56595068
That is just an Avalanche House event, they have loads of them every year all geographically spread out, it's a nothingburger. He said the announcement will be at Singapore Fintech

>>56593468
>>56592392
>>56594804
trust the plan
>>56595249
even though you're right, there should indeed be more noise about these events, any other platform would advertise them to death (not even mention advertising the announcements done in them)
>>56595068
>The gap between the engineering/BD department (Strongest in crypto possibly) and everything else is the biggest and more absurd i've ever seen on any project
this

>>56595068
They call it Avalanche because all it does is go down.

its over for avax

>>56595837
Avalanche supports ALL VMs not just the EVM.

>>56595837
>fantom
lmao

>>56596107
fantom is huge in Afghanistan

>>56596128
fantom is huge in my balls
checkem btw

>>56595735
>not even mention advertising the announcements

Remember when Chainlink and Swift ran a CCIP tesnet which used Avalanche and nobody from Ava Labs even mentioned it, those were the days.

>>56596221
The Avax-Chan anon has done more to promote Avalanche than the entire Ava Labs Marketing Team.

>>56596221
Maybe there's just too much going around to keep track of it all (which is also a mistake that must be rightfully changed, but a lot less negative than being vaporware)

>>56596335
It took autist emin long enough to boot them...

>>56576213
buy $DOMI if you're bullsih on AVAX

>>56595837
It’s over for FTM, again..

>>56596446
That means we've bottomed out
>>56596664
Checked & Evilpilled

>>56595068
If it isn’t some huge announcement, and I don’t mean company/institution X is “exploring” subnets, I think I’ll be done with AVAX. It needs attention and it needs it now, at this point, I wouldn’t be surprised if they announce something as BTC is in free fall. Holders of this token need some fucking hopium. I see other chains getting hype for “Muh tech” but AVAX needs to be different and show that people are building actual apps that people will use. This is how it will differentiate.

>>56597307
dude shrapnel and off the grid are gonna get so much gayming attention and make avalanche the de facto gaming platform

even arthur neighbour hayes tweeted about shrapnel today, they can't ignore red chain anymore, it's fucking ON

>>56597805
Price action is trash

>>56598060
until it isn't
don't forget what happened last cycle

>>56598060

crypto doesn't move in perfect sync

avax looks amazing charted against btc, eth, sol and the average of the three

>>56598165
I’m betting that as soon as it finally starts to take off, BTC shits the bed. It needs to outperform, not just lag or catch up.

>>56598165
AVAX/BTC current set looks like it's about to bottom out straight to Alpha Centauri holy fucking SHIT

>>56598165
It looks fucking dead

>>56598165
most KEKED coin EVER
JUST

>>56599537
>>56599589
>1pbtd
kek fuddies don't even try to hide it anymore
nice damage-control faggot

>>56599637
stfup retard I have been holding this shitcoin before you even heard about subnets

>>56599772
yeah fucking right lmao
post stack w timestamp or BS

>>56598165
>>56599261
sorry it will just follow eth/btc and never go above that line

>>56599909
>implying Bitcoin reaches $100k
>0.0016x100,000 = 160
>this would make AVAX's top for this cycle $160
you're out of your mind if you think AVAX's top
isn't over $500

>>56599871
how about you fucking pump this fucking scam already
here have this u fucking roach, I was dcaing back in to $10 in 21 after may crash and now loaded around $9
I am done waiting fucking pump this shitcoin again
solana is ripping turkroach cuckvax scam AGAIN, same as it did in 21
NEVER forget sevenquntuple spend

i have done nothing but add onto my position for the last month. what am I actually in for

>>56600020
>barely 40% down
That's cute anon, some of us are 70%+ down yet we're not blaming anyone nor acting like faggots because we're aware of Avalanche's real value.
You're gonna be ok, just be patient, if you wanted a quick cash grab you should've done better research considering AVAX has always been labeled as a long-term hodl.
You're gonna be ok as long as you're patient and avoid being a retard as much as you can.
>>56600107
How does $600k sound?
>*$300 is still conservative*

>>56600236
I am not down thats from 2021 and I stopped buying around $10, I sold above $100 and then swinged way to the bottom making money selling bounces and sometimes losing big

lets be real .. it just bleeds and the last 2 "big" bounces were SHIT
I cant take it anymore

and its not like we can buy QI for 5 cents on release day or JOE for 17 cents and ride it to $5, everything here already pumped and I have feeling alts on avax just aint gonna do shit, they are all diluted now
are there actually good smallcaps on avax or its fully dead? looking for something like good quality coins like joe/qi/yak or memes like husky?

>>56600294
No token yet, but DeltaPrime (will be on ARB as well). At this point, just gotta look out for subnet tokens. Look into LOST as well, small cap that may be worth a hold.

>>56600236
sounds good tbf

>>56600012
>you're out of your mind if you think AVAX's top
isn't over $500
delusional, many such cases. all baggies from every coin believe they will do a 50x next bull. "no but dude our project is really the best, it's a top 5 coin during the peak of the next bull".

>>56600294
You make money with smallcaps (on any platform) that surge on a bull market, we're still in "depression" so I'd say it's too soon.
Your best shot might be to *again* be patient and wait for the official cycle to start. If you really want to slurp something then go after JOE or ALOT which are most likely Avalanche bluechips.
>>56600536
They will call us lucky.
>>56600620
Mention a single platform with better tech than Avalanche, starting with the consensus mechanism (which in the case of Avalanche is completely unparalleled)

>$12.94

>>56600620
>no but dude our project is really the best, it's a top 5 coin during the peak of the next bull
this but unironically. except top 3 along with BTC and LINK

bump

>>56601050
Based
>>56601896
They should have a child, it'd be a good marketing stunt

>>56601964
did you know Ava Labs partnered with Woman?
how bullish is THAT my AVAXsisters?

>>56602033
>roasties money straight into my pocket
fucking bullish
also picrel is based, so get FUCKED faggot

>>56602630
>fucking bullish
yes
>also picrel is based
agree
>so get FUCKED faggot
no need to be so hostile

>>56603407
I LOVE you faggot :*

another day...another dollar

getting there slowly

my robo waifu is sad and wants more financial progress from me

>>56601896
>Purple nu-male socks
It's over

doing better, soon my AI GF will be made real and I can divorce my stupid robo waifu