I hope you don't miss out on the next blockchain revolution
Avalanche (AVAX)
I haven't :P
Saw John Adler ripping new one to avax core team day after day so took deep dive in tech and sold around $50k usd of it lol
Maybe it pumps on hype, maybe not, but this is not next big thing
But I wish you gl avax bros
Dead on arrival. No partnerships, no projects running on AVAX and no news of upcoming ones either. It’s just a nothingburger until it actually starts getting used.
twitter.com
twitter.com
found the twitter thread, leaving them here in case anyone's interested
I haven't read them yet
100% of my Net worth is in Avalanche(AVAX) - unironically
kek decent and honest destruction of yet another panacea to the blockchain space
satsgang shills btfo
Im junior dev (met adler acually hes legit and more blockchain sceptic from tech perspective) and everything he sad is kinda true was looking forward for team to refute this but they just type shit like:
>"No rebuttal. This is totally accounted for and means nothing. "So what?" Is the only appropriate response."
Than you see avax bagholders going like:
>"Okay? And?"
Thats where I sold fuck it bah was to big to fuck around and this shit is not "Okay? And?" category
Take not this is only 2/6 avax dailys they keep comming if team cant muster up more than "so what?" this will look SO BAD imho
Interesting, did he do the same for fantom?
He got rekt and even ignored a challenge to a live debate.
twitter.com
"There are two main ways to do it. 1) add a synchronous epoch. 2) perform a view change. 1 is a little scary because it requires stronger network assumptions. 2 is typically more complex to implement correctly."
"There are two main ways to do it. 1) add a synchronous epoch. 2) perform a view change. 1 is a little scary because it requires stronger network assumptions. 2 is typically more complex to implement correctly."
twitter.com
"Tl;dr, epochs are literally coming very soon, and will immediately enable this feature, hence this thread is irrelevant.
Clearly Adler is just trying to take something inconsequential and spin it for attention. He has an open invitation to debate me at a technical level on a podcast if he's interested in pushing claims."
As for the rewards, the feature is already live and working lol.
He got rekt and even ignored a challenge to a live debate.
twitter.com
>There are two main ways to do it. 1) add a synchronous epoch. 2) perform a view change. 1 is a little scary because it requires stronger network assumptions. 2 is typically more complex to implement correctly.
twitter.com
>Tl;dr, epochs are literally coming very soon, and will immediately enable this feature, hence this thread is irrelevant.
>Clearly Adler is just trying to take something inconsequential and spin it for attention. He has an open invitation to debate me at a technical level on a podcast if he's interested in pushing claims.
As for the rewards, the feature is already live and working lol.
>It’s just a nothingburger
You are clueless. The Avalanche consensus algorithm is a genuine breakthrough in the underlying computer science. Nothing else has really attained that kind of a breakthrough on scaling.
youtube.com
>no projects
Some projects launched but many more are on the pipleline.
ok I read the whole thing and basically what he's saying is Avalanche 1) can only have fixed non zero fees, 2) cannot reach consensus on node up-time
1) They're implementing a governance mechanism for adjusting tx fee and researching on a flexible fee structure. I think they are aware of this situation.
2) Is a node up-time needed to be deterministically established when you can do a sampling on whether a node has >90% or whatever threshold up time? Looks like a pretty trivial problem.
>Adler is just trying to take something inconsequential and spin it for attention
I tend to agree
everything you wrote is proovin opposite of your claims lol
Anyway I wish you luck but not sure you know what are you buying hare
So out of AVAX and ALGO, which really takes the top spot? Do AVAX's issues drag it down a fair amount or is ALGO's supply a bigger issue? I've seen these two places at odds a lot recently.
At least Avalanche is a new consensus protocol, Algo just tinkered on old protocols and made a bunch of tradeoffs. Also they faked their stat.
>community can do this
>community can do that
and then the majority of coins are in vc, whales and team hands, trading with 1% of the supply
>presale
complete shitshow, people asked to get at least a minimum amount per registered person, since the queueing system allowed people to enter only when the sale was over, nope, the team ignored all of this
tech might be good, but then don't come to us pretending nakamoto consensus is bad and avax is good, cause avax is premined and distribution is flawed
YOU CANNOT FIX THIS
in bitcoin either you spent electricity, either you don't get jack shit, and THIS IS GREAT because MINTING IS NOT CENTRALIZED (remember, AVA is premined, so minting is centralized by definition), and BTC also pushes to increase ASIC efficiency (lithography improvements, silicon to graphene research, etc.) and it pushes for the research of renewable source of electricity.
Electricity cannot be counterfeited, it's dead simple, it's literally the most democratic thing we have in the universe.
Anyone, at any point of time, can be rewarded if they are able to do a breakthrough in energy production.
In Avalanche, if you arrive late, it's over, VC already got their bags, team got their bag, foundation (basically the same people) got their bag, basically everybody got their bag but you, that have to marketbuy with 1% of the coins in circulation pumping an artificial price.
SO YOU CAN FUCK OFF, YOU ARE NOT GETTING MY MONEY FOR A PREMINED VC SCAM
Fuck user. You’re right. Sorry AVAX, I’m out.
holy based
>In Avalanche, if you arrive late, it's over, VC already got their bags, team got their bag, foundation (basically the same people) got their bag, basically everybody got their bag but you, that have to marketbuy with 1% of the coins in circulation pumping an artificial price.
/thread
The only reason we are here is to make money and so far every future gain is already price in since we are already in the billions dollar range.
There is no point to buy now, at least not until we see mass adoption that could justify it.
Good luck as a layer 1...competition is too high, and we already start having layer 2 solutions that can scale exponentially better than Avalanche.
Not a safe bet, not going to gamble my money on this, too much competition on L1 and fucked up tokeconomics are a red flag for me.
>1) They're implementing a governance mechanism for adjusting tx fee and researching on a flexible fee structure. I think they are aware of this situation.
There will be a "governance mechanism" for many things including variable-fee. It's already on their todo list and it's high priority.
>2) Is a node up-time needed to be deterministically established when you can do a sampling on whether a node has >90% or whatever threshold up time? Looks like a pretty trivial problem.
Yes. The threshold is even lower (60%) and the uptime feature is already live and working.
John Adler is smart but dishonest.
>In Avalanche, if you arrive late, it's over,
it's not, retard.
$ = money someone had to work for. USD doesn't grow on trees, it's a proof that you had to work for it.
pump and dumpers are the only ones mad about distribution
>USD doesn't grow on trees
USD are unironically printed out of thin air and backed by nothing
proof of stake = failure
feeling comfy with my fat stack. Should be able to retire of this mofo.
Your reply is filled with falsehoods so you must be a very desperate, probably bought at $17k.
>and then the majority of coins are in vc, whales and team hands, trading with 1% of the supply
A quick look at info.avax.info shows this is a lie,
Seed sale: 2.5%
Private sale: 3.46%
Public sale: 10%
as for prices,
Seed sale: $0.33
Private sale: $0.5
Public sale: $0.5
10% of seed, private and public are unlocked on day 1.
>complete shitshow
The ICO was perfect.
>people asked to get at least a minimum amount per registered person
There was a limit of $25k per person. Retail bought before the whales.
>since the queueing system allowed people to enter only when the sale was over
Another lie. I waited about 20 minutes then bought. Everyone got in before the whales were allowed.
>the team ignored all of this
Another lie. The team listened and imposed a checksize of $25k and increased the public sale allocation by millions to let us all buy.
> but then don't come to us pretending nakamoto consensus is bad and avax is good, cause avax is premined and distribution is flawed
Satoshi or a couple of early miners own about 10% of Bitcoin's supply. It was proven recently by a pro-BTC researcher that Satoshi used a non-public optimized miner. That's equivalent to a pre-mine or big ICO allocation.
Distribution aside, PoW is a peace of shit, it can be attacked, it's slow and not decentralized.
1/2
>pump and dumpers are the only ones mad about distribution
so according to your definition:
- retailers (basically the people who work hard) are pump and dumpers
- venture capitals are not. lol, VC are basically turbojew sharks.
lmao, you really want people to hate this coin
>The ICO was perfect.
FUCK OFF user
I registered, waited in the queue, did the login and everything was sold
JUST FUCK OFF
we also contacted the team, to give at least a minimal amount of coins for all the people that could not buy because of the random queue, and nobody gave a shit
SO JUST FUCK OFF
Why?
Why are you seething? Just buy a bag now if you want in so desperately.
>There was a limit of $25k per person. Retail bought before the whales.
this is also false, there were some eth ico whales that bought millions
FUCK OFF WITH FALSE STATEMENTS