/biz/ - Business & Finance

[Anonymous No.55817873]

Why does avax have more inflation than a bsc shitcoin? It literally does nothing besides move tokens around on a ledger and it’s not even good at that. You would think emin would have been at least a little sly with his scam, he will never be able to sell all those tokens.

[Anonymous No.55818009]

>>55817873
It was made by a roach so you really need to ask? Sure is reddit around here these days

[Anonymous No.55818414]

holy seethe

name a single project more performant, computationally efficient, and decentralised than avax. I will wait xx

[Anonymous No.55818460]

>>55817873
>It literally does nothing
Avalanche will tokenize all the assets in the world.

[Anonymous No.55818621]

>>55817873
There are 720 million tokens. Thats all there will ever be, and then they will start to disappear as they are burned forever. Everyone knows this, and always did.

[Anonymous No.55818675]

>>55817873
Avalanche is deflationary as fees are burned and the total supply is capped, unlike most other shitcoins with actual unlimited supplies (Ethereum included). Also unlocks have never affected AVAX's price as not only the % of tokens unlocked is negligible (barely 2% and decreasing each time), but also most AVAX goes straight into staking, which is why Avalanche's staking ratio remains as one of the highest all over crypto, and steadily increasing.
Of course you ignore this because
>option A: you're a pajeet paid to post this 40iq meme FUD as Avalanche remains the most threatening platform for all the vaporware ponzis around wrongly labeled as DeFi
>option B: you're retarded beyond repair
I'll let you choose.
Also here's the whitepaper on AVAX's tokenomics:
>https://assets.website-files.com/5d80307810123f5ffbb34d6e/6008d7bc56430d6b8792b8d1_Avalanche%20Native%20Token%20Dynamics.pdf
Maybe you can get to improve your braindead FUD once you actually read it (let alone comprehend it).

[Anonymous No.55818756]

>>55818675
>Avalanche is deflationary
not before a looong time

[Anonymous No.55819272]

>>55818675
>he thinks tech actually matters

[Anonymous No.55819379]

>>55818675
I've seen many "muh deflationary" tokens in this space, and let me tell you - it's the biggest crock of shit.

Are they technically deflationary? Sure, but only on the condition that the network is used enough. Also, the deflation rate is so slow that it would take a decade to notice a substantial difference in price action.

How do you know AVAX will be used enough to become sufficiently deflationary once the supply is capped?

[Anonymous No.55819859]

>>55818414
... Kava? It's built with Cosmos so every transaction is lightning fast and fees are nearly non-existent... And being a validator isn't a pain in the ass like it is with Avax (I say that from experience as an ex-Avaxshill).

[Anonymous No.55819863]

>>55818460
You guys have been using this exact same narrative for *years*. Why do you keep going with it?

[Anonymous No.55819869]

>>55818414
huh?

[Anonymous No.55819875]

>>55818675
if for some reasong avax happens to be deflationary, it's not really doing its work really well.

[Anonymous No.55819887]

>>55817873
*ahem*
HELLOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO NIGGERS!

[Anonymous No.55819895]

>>55819859
Were you really an avax validator at some point?

[Anonymous No.55819896]

>>55819379
it *can* work. injective is a good case for "deflationary" tokens, and >>55819859 kava too.
> Also, the deflation rate is so slow that it would take a decade to notice a substantial difference in price action.
it took about 2 years for inj to double its price... idk if that's good enough for you?

[Anonymous No.55819907]

>>55818460
"will" doesn't mean jackshit when all you faggots can vomit is "two more weeks bro"

Meanwhile its token keeps having really shitty price action

[Anonymous No.55819910]

>>55819887
based

[Anonymous No.55819914]

>>55819895
Yessir. Mostly as a hobby though. I've been a validator for FTM, DOT, AVAX, and now KAVA. Do it out of fun, none of these offer good enough rewards (though Kava does payout around 800 bucks for the first month with some rewards here and there. DOT as a close second in terms of rewards).

[Anonymous No.55819920]

>>55819896
I find it really interesting how this board went from shilling INJ to shitting on it, just to go back to shilling it once again.

What's the meaning of this?

[Anonymous No.55819919]

>>55819896
Based

Deflationary = meme ONLY for shitcoins with 900 negrillion supply. Avax is 700~ mil.

[Anonymous No.55819922]

>>55819914
>800 for one month as a validator
nnrnngnrgh
do i need specialized equipment...

[Anonymous No.55819930]

>>55819914
>though Kava does payout around 800 bucks for the first month with some rewards here and there
What about the rest of ze year? Are you able to reach EOM with a substantial profit when taking into consideration electiricty/internet costs?

[Anonymous No.55819934]

>>55819922
No, but you DO really need some pretty high end hardware for it.

[Anonymous No.55819943]

>>55819922
You gotta know about GO and how to code in general. It's no engineering task but it is not easy either
Also a decent CPU, at least 32 GB in ram. No graphics card required

[Anonymous No.55819944]

>>55819920

Eric somehow managed to brainwash /biz/ into worshipping his ass. It was pretty effective, honestly...

[Anonymous No.55819952]

>>55819943
>need to learn how to code + have some pretty expensive equipment to earn 800 bucks a month
That's a pretty shitty ROI for its initial entry barrier. There must be another way to make money off having powerful computes lying around.

[Anonymous No.55819965]

>>55819859
>Cosmos
>Performant and decentralized
kek fuck off with your shitcoin shilling

[Anonymous No.55819986]

>>55817873
cause it's a vc scam

>>55818460
>Avalanche will tokenize all the assets in the world.
so why don't I just buy those assets instead

[Anonymous No.55820620]

>dumps
>dumps more