The day 1 pump and dump was a shakeout by exchanges to increase their AVAX holdings.
The founder literally created the first POW cryptocurrency well before Satoshi, why the fuck aren't you accumulating right now.
> His Karma system, published in 2003, is the first cryptocurrency that uses a distributed mint based on proof-of-work
en.wikipedia.org
Coinbase listing imminent.
Other urls found in this thread:
info.avax.network
youtube.com
bitslog.com
twitter.com
I'm in, this is the crypto with the biggest chance of getting adoption from outside industry and financial services.
>Coinbase listing imminent.
so it is about to dump even harder?
Avax is a VC scam with the most shitty tokeconomics, it’s literally Algo 2.0
I will wait for dump.
>tf the entire supply is basically vc, team, foundation, and “strategic investors”
enjoy getting dumped on and on like rippletards
Indeed, especially since they're already using solidity which should help speed up adoption.
Staking is working perfectly on day 1 and I can't wait to see the first dapps being built on Avalanche.
I think there might be some major announcements in the coming weeks.
Yeah it's shit. But in a years time, supply will be high enough - all those coins will be on the market and it should be pretty decentralized
Waiting for that Coinbase listing!
Fuck no, mirror the staking reward, basically the team and foundation will own half of the entire supply
Enjoy the permableeding, these turkroaches rushed the mainnet with dozens of shortcuts to ride the defi hype buzzword
As soon as hype fades, this coin will be permadumped
Thanks for your opinion trannies, it's not needed here. Go back to your scam coin threads, you missed out on the public sale and now you're surely priced out of AVAX.
Investor allocations unlock after 1 year, until then it will pump. Try and do a better job of understanding supply allocation and vesting schedules. Clown.
>rushed the mainnet
they have been working for years before doing the ico.
bear cope
We are all waiting for a lower price. There are a lot of tokens currently not in circulation. The current price is way too high.
>"Avax is a fairly well known protocol in the U.S and it combines the best approaches of nakamoto and classical consensus into one package".
Idk about you guys, but I'm in.
>it combines the best approaches of nakamoto and classical consensus into one package
nakamoto consensus was not about handing over cheap coins to venture capitals and keep half of the supply for the team.
For fuck’s sake don’t even compare it
I don't think it was about 4 mining pools controlling over 50% of the network either.
This new consensus allows a lot more in the ways of decentralisation and still keeps performance.
The team have about 10% of the tokens
pooling is used to decrease the risk of getting zero rewards for too long
pools don’t control how the network operates
and miners cannot do much damage (they also have very little incentives to do that), they just mine new blocks and include tax with the highest fee
thay have pay for hardware and electricity so they don’t just fuck around
you are completely clueless
avax is an oligarchic system where team/foundation (basically the same entity called with another name) owns most of the supply and will continue to get richer and richer because they will basically get the mirrored allocation for staking rewards
So if they sold everything to retail you think that would make it fairer? What a terrible take.
Wow I feel dumber after reading that, you literally have no idea what you're even talking about you buffoon.
Great project looks solid.
Probably a good idea to wait a couple months until price flatlines, like every other hyped project to come out recently, big or small.
Classic BTC maxies seething
Ethereum minted 72 million ETH from the start in 2015, that's 64% of current total supply, I'm sure it's a centralized shitcoin but Bitmain dominating ASIC production and Chinese mining pool aren't a problem.
Keep screeching while Ethereum/ Avalanche bring your BTC into DeFi and make banks from it.
So much disinfo. I'll try my best.
1) The foundation committed to burning/re-disturbing their staking rewards. So no, you shouldn't mirror the allocation.
2) The foundation has a TEN YEARS vesting period.
See for yourself: info.avax.network
Foundation (10 years vesting)
Team (4 years vesting)
Community & Development Endowment (1 year vesting)
Strategic Partners (4 years vesting)
Airdrop (4 years vesting)
3) Satoshi owns about 10% of Bitcoin's supply.
4) The team has been working on this project for at least 2 years and it had a functional
tested network before the ICO, nothing was rushed.
5) Bitcoin mining pools do have great power. Remember Segwit2x? It was canceled only when the mining pools decided privately they won't mine at a loss for more than 12/24 hours. Imagine what would have happened if an enemy of Bitcoin decided to fund them. Before segwit2x, many exchanges said they will give the ticker to chain that has the most PoW. A true digital currency shouldn't rely on a cartel or hardware.
6) The public sale price is same as the private ($0.5). Only exception is the seed round ($0.33). So no, it's not a VC coin.
Always DYOR. If you believed any of the disinfo above then Zig Forums will cost you a lot of money.
I was wondering how a project with so little traction has so many new memes, and I realized they have a full-time corporate wage slave making them all.
None of this is organic, plus it is a VC coin and a Professor coin at the same time. Faggots.
He doesn't make memes. He's reposting memes from the telegram groups that have +9k members. Many of these memes are created by LINK holders.
Go to one of their telegram groups
Avalanche
Avalanche Trading
and try to say something bad about LINK.
Very good post user
I'm all in unironically
Me too. I mostly decided to go all in when I watched this presentation 2 years ago:
youtube.com
Many people here still don't understand that Avalanche made the first and probably the last breakthrough in consensus since Nakamoto consensus.
100% of other coins are variations of proof-of-work or proof-of-stake. This is something new. Something that works today. Ethereum 2.0 won't be ready until a couple of years (according to Vitalik) and it's inferior to Avalanche.
theres 100s of shitcoins better than ETH already, this is nothing impressive. See Harmony ONE, FTM, etc.
The problem is not about if the project is good or not (it is very good), the problem is whether it is worth the investment at the current price.
Nope. These coins are very centralized. Avalanche managed to be more decentralized than both Ethereum and Bitcoin while delivering a higher throughput and lower latency.
There's no comparison.
pretty much /thread
avalajeets are being paid to shill this vc scam
Thanks for writing this up user, hopefully it helps others make an informed decision.
>Satoshi owns about 10% of Bitcoin's supply.
No, satoshi doesn’t have 2 million btc, fake and gay
And he learned them with proof of work, it was not a premined scam
Personally, I believe it will be a top 3 coin, so I don't care about current fluctuation. It will eventually be >$100 no matter how long that takes.
Bags filled. Ready for pump.
>And he learned them with proof of work, it was not a premined scam
Difficulty was low, inflation was very high, and he and and few people knew about Bitcoin.
That's equivalent to a pre-mine or ICO team allocation.
To make matters worse, it was proven that Satoshi used a non-public optimized version of the mining software:
bitslog.com
"Bitcoin had a fair launch" is a myth.