Community Trust ScoreVerified
The Chinese government stated that the next step will focus on cracking down on large-scale mining, state-owned entities involved in mining and Bitcoin mining.
In response Emin gun Sirer Expressed: First of all, I lost track of the number of times “China banned Bitcoin mining.” Just this year alone. Second, these bans on PoW mining have no functional impact whatsoever on PoS currencies like AVAX, ADA, DOT, SOL. Zilch. Nada.
Trade Accordingly.
Community Response: Won’t sell until AVAX is 5000 dollars. I hope my nephew will reach my goal until he goes to university. He is only 10 years old, so it’s not going to happen. It’s not a dream, I trust my teacher AVAX.
How safe is it to stake? I have enough AVAX to be a validator, but want to be 100% sure about the risks associated with it? No slashing, if uptime is below 80% no reward. Tokens remain in your wallet at all times, but locked when validating. Go to Avalanche discord for help.
I agree but crypto currencies are one big family and if the head of that family is hurt, then that naturally has an effect on the other members as well.
Exactly, that’s why I don’t understand why people keep giving attention to what China says. This is like the 6th time in the year.
I really wonder how many people know the difference between PoW and PoS in cyrpto world. Ignorance is not just bliss but also being loser.
I disagree on what I think is the point. The AVAX ecosystem is basically leveraging value captured by especially Ethereum and Bitcoin. And BTC is today still our safest censorship resistant value captured on web3. Of course I agree “China banning BTC” is not interesting.
Avalanche continues to work towards its goal of digitizing all the values in the world and bringing it to the blockchain space.
Avalanche has seen incredible growth over the last 3 months and this is just 1 blockchain in 1 subnet! The network effects when there are thousands of customised blockchains / subnets built on Avalanche and all interoperable will be profound. And the UX is as smooth as ever. Incredible project.
It has definitely not performed as well as I thought it would for sure. The following weeks are going to be crucial to determine the success of the project. See what liquidity is like once all the incentives go live over the next few weeks and then re-evaluate if necessary.
