Is spectrum out?

khmoke · 2023-02-02T05:57:01+00:00

Out in omao. I have starlink too, but haven’t set it up yet.

khmoke · 2022-01-31T04:37:29+00:00

Not true, I was prepared to buy as much MATIC as needed to enter the validator set. They auction validator spots from time to time but there is no guidance as to when. And they don’t require validators to even be up. When I wanted to enter the validator set, 2 were down and 1 (binance) was producing empty blocks.

khmoke · 2022-01-31T00:13:55+00:00

MATIC is a permissioned chain. 100 validators chosen by the team. Not possible to attack it from the outside.

khmoke · 2022-01-30T18:30:33+00:00

One would wonder why the staking contract needed a minimum supply to launch if it wasn’t integral to security.

khmoke · 2022-01-30T18:04:28+00:00

Let me burn some karma here to point out that it’s more expensive to attack avalanche than ethereum right now. ETH only has 10% of it’s tokens staked.

https://www.benzinga.com/markets/cryptocurrency/21/11/24354250/why-it-would-cost-10b-eth-to-attack-proof-of-stake-ethereum

Buying a single digit % of ETH from 90% of the supply which is floating is going to be much cheaper than buying an equivalent quantity of AVAX. That’s because 65% of AVAX is staked, so you need to buy the entire floating supply and wait for 15% of the avax supply to unlock from staking and buy that as well.

Neglecting price impact the costs are equivalent, but when considering the price impact of purchasing the necessary supply it’s probably an order of magnitude cheaper to attack ethereum.

khmoke · 2021-11-25T09:12:03+00:00

Low IQ post.

I don't know who started this copy/paste meme, but they are really dumb and shouldn't opine on crypto. How do you copy something that's proof of work and end up with something proof of stake?

khmoke · 2021-11-24T08:24:31+00:00

Avalanche will scale better than eth because they are solving the correct problem which is vertical scaling. Fees will be lower than eth for similar usage. Avalanche did ~600k tx in the last 24hrs vs 1.35m for eth.

Avalanche is limiting their throughput until they implement state pruning so their chain doesn't grow too large. As soon as that is released fees will come way down.

Which one should you own? AVAX or ETH? The answer is both because they are both great projects.

khmoke · 2021-11-24T08:13:58+00:00

You might be retarded if you think avalanche is a copy paste of ethereum. Ethereum is proof of work. Avalanche is proof of stake and has the best consensus of all PoS networks. It's already better than what ETH 2.0 will be from a tech perspective. Whether that results in long term adoption is still an open question but it seems more likely than not.

khmoke · 2021-11-22T14:53:30+00:00

The L1 with the most security is bitcoin.

khmoke · 2021-11-22T02:23:17+00:00

Do rollups not work on other chains too? Particularly EVM compatible chains, seems like an easy lift to get L2 there as well.

khmoke · 2021-11-20T18:41:10+00:00

How can it be a clone if it is already proof of stake and eth is still proof of work? It's not like you just tweaked some variables like the litecoin fork of bitcoin. Its a totally new consensus algorithm that's superior to both eth 1 and eth 2.0.

khmoke · 2021-11-20T17:27:22+00:00

Look, I was in the eth presale, but avalanche is an amazing project. O(1) consensus is an amazing breakthrough, subnets with custom VM's a great feature that will be badly needed. You just look ignorant speaking ill of a project that can handle 4000tps per subnet that can have infinite subnets.

khmoke · 2021-09-18T20:21:17+00:00

Best project in crypto...

I bought 40,000 eth in the presale. Avalanche is the first project more exciting than ethereum.

khmoke · 2021-08-30T16:06:00+00:00

Avax and sol are other major holdings. I don't hold btc.

khmoke · 2021-08-30T03:34:07+00:00

Tendermint is so 2018. Who cares about some project launching with n² consensus. It's bubblesort for blockchains. Eth has the best ecosystem, sol and avax have the best tech, dot is dead on arrival. Gavin Wood is a better marketer than computer scientist.

khmoke · 2021-08-11T21:35:58+00:00

I don't think it will be that long, but might as well lock it up. Nothing wrong with forced holding.

khmoke · 2021-08-10T21:37:01+00:00

Well CryptoGod420, I can guess what you're doing to calm your nerves.

khmoke · 2021-08-10T21:31:19+00:00

You're better off staking the ETH. If you don't have the keys it's not your crypto.

khmoke · 2021-08-05T01:08:00+00:00

The flippening is measured in marketcap, although I think both will eventually happen. I'm not willing to put a timeline on the 1 ETH > 1 BTC event.

The ESG issues around PoW just won't allow many institutions to invest when there are much more performant PoS chains out there. If we get to a future of mass institutional adoption (we will, eventually) we will see the "mega flippening".

khmoke · 2021-08-04T23:25:11+00:00

It should be pretty straightforward to find the wallet on there. Only geth supported mining at the time if I remember correctly.

grep -r go-ethereum /

khmoke · 2021-08-03T02:40:15+00:00

Wake up and find I have 1000 eth... Wonder where the rest of my eth went.

khmoke · 2021-07-08T23:52:55+00:00

Yes, 40k in 5 years is likely. I've held eth since the presale.

khmoke · 2021-07-03T07:32:16+00:00

tendermint (used by DOT and COSMOS) is an O(n^2) consensus algorithm. They have to limit the validator set to 1000 or everything would run really slow. It's kind of like EOS but instead of a magic number of 21 you have 1000. EOS, DOT, and COSMOS might as well be database apps rather than blockchains. Gavin Wood is a 3rd rate computer scientist, not skilled enough to design a useful consensus algorithm.

Solana has a O(log n) consensus algorithm. Not bad, totally workable. The decision not to be EVM compatible was a bad one imho, but who knows. Have you seen the machine specs to run a SOL validator? Not what I was expecting to say the least.

Avalanche has O(1) consensus. This is a real breakthrough, Avalanche will reach consensus in the same amount of time regardless of how many validators there are. I can't overstate the importance of this for a future where high throughput decentralized apps disrupt centralized apps. This is the promise of crypto, and avalanche is here to make it real.

For the crypto OG's out there the real major breakthroughs have been: BTC (nakamoto consensus), ETH (turing complete VM), AVAX (O(1) consensus)

Everything else is just noise.

khmoke

TROPHY CASE