Reddit Posts
What do you think the biggest gainer of 2023 will be???
There's Nothing Wrong in Being in Crypto only for Money, Literally Everyone is doing their Job for Money. Stop saying things like"I am in it for the tech" out of Guilt!
Everything you wanted and didn't want to know about Decentralized Storage
Revealing the Truth Behind Cryptocurrency Partnerships
Pocket Network | 20% Annual Inflation Rate | DAO governed project | 80m MCap Project | Experienced Engineering and Business Team | Massive upside potential
AVAX -Amazon partnership was FAKE! , twitter thread and co-founder not denying it
AVAX CEO elaborates on why the AWS/AVAX partnership is different to a typical AWS/client relationship
A year ago Shiba Inu was ranked 14 in marketcap and AVAX was ranked 11. Today AVAX is ranked 16 and Shiba Inu is ranked 17, as AVAX reclaims upwards momentum from a partnership with AWS. Jumping ~30% in 24 hours.
AWS partners with Avalanche to scale blockchain solutions for enterprises, governments | TechCrunch
Ava Labs and AWS Bring Scalable Blockchain Solutions to Enterprises and Governments
AWS partners with Avalanche to scale blockchain solutions for enterprises, governments
Avalanche partners with AWS to scale blockchain solutions
Can your cryptocurrency survive without AWS and similar services? Bitcoin has been alive without these services for almost 14 years.
Will Web3 projects solve the problems related to OTAs?
Phishing Alert** There is NO Amazon Token
The truth about the "superior technology" fallacy - if AWS or a similar service gets shut down (or if a solar flare takes place) and it hosts all the nodes for an altcoin, the altcoin in question gets screwed. Bitcoin will remain unaffected.
Briefing: AWS, Margaritaville Among Top Alameda Creditors
Another blockchain project cancelled - Thoughts from an AWS engineer
CHIA Senior Blockchain Development Lead - $950K+ Annual Salary
What happened to FTX can happen to any other exchanges
Is there some crypto gang out there working on a peer to peer, non-monopolized web service provider solution?
Revisited: What TPS does Algorand need to be Sustainable?
Are decentralized infrastructure providers such as Pocket Network capable of dethroning the centralized providers like Infura?
Maybe Jeff Bezos Should Buy Ethereum: AWS Servers Host A Major Chunk Of The Crypto's Computing Power
My prediction on reddit NFTs and Polygon in general
This is, right now... Is why you are here.
Google taps Coinbase to bring crypto payments to cloud services in return for AWS migration
Debate about Flux. Another member asked me to post this since he didn’t meat the requirements.
12 Word Recovery Phrase - a security weakness? My (free and simple!) solution(s)
Chainlink Announces Staking Plans, Aiming to Be AWS of Web3
Shitcoins central point of failure. Hackers exploit BGP hijacking to steal from AWS hosted chains. Jeff Bezos controls all your shitcoins
Ethereums Merge - PoS vs PoW and the most common misconceptions
Shiba Inu developers leak AWS credentials on Github
Meta allows its user NFTs across both Instagram and Facebook. Stripe, allows payouts to its creator community. Ernst n Young, started offering its flagship blockchain products. The NFL started selling NFT collections last year. Polygon (MATIC) aims to be the AWS of Web3
Shiba Inu Leaked their AWS Cloud Credential [Developer Mistake]
Shiba Inu cloud credentials leaked in a major security breach as developers leak AWS Access keys on a public code repository
Why are people dismissing NFTs as a sham without realizing its true potential in the Metaverse and its effects on the global economy in the next decade?
'AWS for blockchain': ArcBlock aims to build, manage and deploy decentralized apps – GeekWire
Bitcoin subreddit is loosing the narrative war on energy usage so hard that they’ve moved on to denying climate change.
Crypto Exchange WazirX is being probed for money laundering and fraud. Now suddenly Binance is saying they never acquired the exchange eventhough a ton of evidence is saying otherwise.
Working in the field of cryptocurrency
Indian government raids the director of crypto exchange WazirX, and freezes assets worth over $8.1M amid massive international money laundering and fraud probe.
Isn't ICP a *clear* evolution of blockchain technology, am I missing something?
ICP seems like a clear revolution of blockchain techology, am I missing something?
This Bear Market Has Shown That Decentralization Will Never Be Possible
Amazon Web Services (AWS) Becomes Technology Partner To VeCarbon, Enabling (Inter)National Scale
Always confirm the news from both parties for an announced partnership
STAR: Brave’s New System for Privacy-Preserving Data Collection
More than 50% of Ethereum is hosted on Amazon's AWS, almost 20% in Ashburn, VA alone
Earn money: dropship (crypto) services through your own website
Use cases of crypto and blockchain that aren't total bullshit... perhaps
Bear market is bullish for Cardano
Internet Computer and the limitation of blockchains
Myself and 6 other redditors have built an algorithmic crypto trading platform and we'll soon release in Closed Beta
Secure decentralized upgradability of smart contracts can't be achieved
Autoinvesting and autowithdrawing with the lowest fees (works in NY): Gemini API
What are some blockchains that do NOT require AWS or similar enterprise-grade servers to maximize throughput besides bitcoin?
Emergency Security warning: Multiple sites including CoinGecko seem to be compromised. Be careful while making any txns
What coins or infrastructure that introduced revolutionizing technology am I missing?
A concern about proof-of-stake
Bitcoin as a digital public good used as a money ought to be on a public blockchain. But I don’t understand why BAYC can’t just be done privately on their own AWS servers. Isn’t Otherside their own private metaverse that YugaLabs controls anyway? It’s not a decentralized good like Bitcoin.
Euler Tools - the Google of crypto
New malware targets serverless AWS Lambda with cryptominers
NFTs are eating the world. A step-by-step Solidity tutorial for beginners to launch your first NFT collection
Thorchain depends too much on AWS, it's centralization.
We're still early, we will be for the next 25-50 years
Amazon Has Launched Its First Metaverse Game, called "AWS Cloud Quest"
Polygon was just down for 11 hours due to a bug, but Solana is garbage?
Aleph Zero | New Layer 1 game changer? | Breakdown analysis | Long DD
Will the space potentially shift away from PoW Chains in exchange for eco-friendly alternatives ?
What is the future of blockchain technology?
What is the future of blockchain technology?
Cool little article about decentralization from AWS (irony)
Crypto wallet bulletin board for donation addresses. No ads site is 100% donation run
The Algorand Blockchain Is Now on the AWS Marketplace: Guardrail
Guardrail Announces the General Availability of the Algorand Blockchain on the AWS Marketplace
I think this is the best and cheapest way to DCA if you're from the UK and use GBP.
ICP costs 0.4% of an equivalent AWS web app.
Alchemy will become 'the AWS of crypto' says VC investing in Web 3.0 with $725M fund
Mentions
There's only one web3 project that builds everything on-chain - Internet Computer. Everything else is web2 trash on AWS with coins in the background somewhere.
Build websites 100% on a blockchain as tamperproof smart contracts. Internet Computer is an AWS competitor built on blockchain and there's nothing else close to it. It stirs emotions cause it was heavily pumped up by manipulation of PERP trading and then obviously shorted all the way down. The 100% on-chain approach and ease of building real world use case projects on a decentralized crypto cloud and elimination of the traditional IT stack is incredible to me. It's so easy to build an on-chain application away from Big Tech and government bullshit where you control everything with your private keys because it can actually store data and images on-chain. Honestly I don't think any other project is giving blockchain tech use case like this. At all. They just move coins from A to B and that's it.
>focused on trying to design systems in such a way that these multi-polar traps are avoided Interesting. Let's see. Ethereum foundation centrally premined 72 million eth before a single block was mined of which 12 million was supposedly given to founders for free, clearly a lot of coins already and it's the same as any equity issuance where ownership and management control issuance and distribution, but then if you look at the actual sale curve, it follows the [mathematical precision of a power function](https://prestonbyrne.com/2018/04/23/on-ethereum-security/) which is only possible if it was almost entirely paid out to a [single entity](https://twitter.com/Leerzeit/status/1591190118492098560) or small group of people working in concert. There's a central issuer company with an executive board of directors which owns [trademarks](https://trademarks.justia.com/866/34/ethereum-86634529.html), licensed AWS central servers, creates roadmaps, locks up funds, has [branding, marketing teams and business plans](https://nitter.net/HODLneverSODL/status/1505891471668482050#m). Furthermore, Ethereum foundation decides what's ethereum. Period! It's a silicon valley start up hiding behind bitcoin and blockchain buzzwords to dodge silicon valley regulations. [Ethereum Foundation creates an altered version of Ethereum on July 20 2016 to reverse the DAO theft (to recover founders' coins). As trademark rights holders, the Ethereum Foundation applies the Ethereum (ETH) brand to the new forked chain](https://ethereumclassic.org/knowledge/history) This is why there's never any contention over hard forks. This is why they are able to pull off a hard fork every six months. There are also only a handful of economically significant nodes like infura and [less than 3k nodes](https://ethernodes.org/network-types?synced=1) overall with majority on central hosting servers. The blockchain size is approaching 20 TB and almost nobody runs nodes. Even the CEO has admitted he could not sync an archival node and does not want [average users](https://twitter.com/VitalikButerin/status/873177382164848641) to run nodes. Ethereum upgrades require no consent from users. It's irrelevant what anyone thinks. A hard fork breaks consensus and enforces the change on users. It's only possible to do frequently if there's a central authority. You either upgrade to their chain or leave. You have no other option. You can no longer run older versions if you don't like the change ethereum foundation makes. You also cannot fork the chain yourself no matter how many users join you. It will not be ethereum as ethereum foundation holds the trademarks. The nature of ethereum's scripting language is such that it will never be secure and it's (also) impossible to say which transactions may fail or when. The only "use case" of ethereum is turing complete scripting, something bitcoin intentionally limits at base layer for the exact reason of security. Satoshi even explained this so have many cypherpunks including the inventor of smart contracts, Nick Szabo. The nature of ethereum's scripting language is such that it will never be secure and it's impossible to say which transactions may fail or when. See failed transactions [here](https://blockchair.com/ethereum/transactions?s=time(desc)&q=failed(true)). Ethereum suffers endless reentrancy attacks precisely because it uses turing complete scripting. It would be extremely generous to describe ethereum as anything more than terribly unsecure hypeware propped up by promising a new update every six months. Think about what's actually happened? Nothing except move to [rent-seeking](https://np.reddit.com/r/Bitcoin/comments/10ob5pz/comment/j6ex8r1/) proof of stake which was promised to happen "in 6 months" for 6 years. The next update apparently is the groundbreaking ability for people to withdraw coins. Linking a centralized licensed wallet software to your legacy browser to swap shitcoins interfacing with central AWS servers is not a meaningful use case and solves no real problems. Impervious AI is doing something much more exciting than this. Nostr is infinitely more innovative than this solving a real problem. In fact, Nostr was able to build a decentralized social network protocol "because" it does not use a blockchain. Blockchain is not a panacea for every use case in the world but you can build layered protocols on top of it or parallel protocols that interface with them. Application functions and experimental functions can only exist at higher layers and they absolutely do not require premine, ICO, VC tokens just to make insiders rich. Internet would not exist as it is today without separation of application layer. Read about Postel's law, named after "god of the internet" Jon Postel who was the one to argue that a monolithic internet design cannot scale and we must adopt the principles of layering protocols. Ethereum violates every moral, technical and network design principle for pumpenomics resulting in a perverted incentive model that one may describe as a... multipolar trap.
Where AVAX joined the AWS partner network and now has access to AWS credits and a network of potential customers whose alumni include Uber and Netflix? Yeah I remember that and so does the AVAX price.
What the authors of these transactions chose to do isn't the concern of the people running nodes. Are ISPs liable when illegal encrypted files are transmitted on their networks? Is AWS liable when people store illegal encrypted files on their cloud? Argue all you want and keep making yourself look dumber. At the end of the day my main point remains correct. This data is not a "jpeg stored on the Blockchain" .
A blockchain is just a database management system. It can be permissionless or permissioned. It can have network incentives that eliminate human trust or it can be based on human trust. But if it's permissioned and based on human trust, then it's kinda pointless because for such a system, blockchain is just terribly inefficient. Most people don't understand the difference between technology and open protocols. A technology can be an open protocol. An open protocol cannot just be narrowly described as technology. There has been a serious breakdown in understanding of what a blockchain (a term never used in the whitepaper) is useful for due to the [noise and scam](https://twitter.com/rusty_twit/status/1296596310921900034) negative feedback loop that began once it was possible to exchange bitcoin for dollars. There were no altcoins for 2.5 years. Not a single one. Bitcoin reached dollar parity in April 2011, and reached a price of $5 that month. Guess when the first shitcoin was launched? >!April 2011!< Blockchain is inefficient to do anything but maintain global state of timestamped transactional database at the base layer without losing security and making it centralized. It's really that simple. Bitcoin L1 is a settlement network and it [settles](https://www.nasdaq.com/articles/bitcoin-is-the-worlds-most-efficient-value-settlement-network) higher value than US GDP. Day to day payments is an application of money as medium of exchange. The Lightning protocol is a P2P payments protocol and has a throughput potential of several million TPS. As of March 2022, [nearly 100 million users](https://arcane.no/research/nearly-100-million-people-have-access-to-lightning-payments) had access to Lightning payments (more than all altcoins combined) and it's powering [bitcoin circular economies](https://threadreaderapp.com/thread/1573283006835482624.html) around the world in places like Africa, Asia, Latin America. Bitcoin is solving ([\[1\]](https://np.reddit.com/r/Bitcoin/comments/zd5vnj/bitcoin_is_for_everyone/), [\[2\]](https://np.reddit.com/r/Bitcoin/comments/zvlzb4/togolese_human_rights_activist_explains_french/)) centuries old problems in the real world. Bitcoin has the most efficient and advanced scripting features in terms of monetary functions many of which altcoins can never do as efficiently, reliably and economically, like sending several hundred output transactions (multiple transactions rolled into one) and extremely large multisig contracts, even upto 1000 participants for nearly the same fee as a single sig using Taproot. The potential use cases of this are even beyond our current scope of imaginations. Application functions and experimental functions can only exist at higher layers and they absolutely do not require [premine, ICO, VC tokens](https://twitter.com/coryklippsten/status/1595564120782172160) just to make insiders rich. There will be more applications from the likes of TARO protocol, RGB, drivechains, spacechains, statechains etc. TARO is a [most elegant](https://i.redd.it/bnzksocdbun91.png) decentralized stablecoin and assets protocol without central issuer which will allow users to hold self hosted bitcoin and stablecoin balance and swap between them through Lightning rails without going through any exchange at all. Bitcoin protocol will be ossified just like TCP because if you sacrifice any of its properties even a little bit, it will become unsuitable as the base layer of money for the world. This is why layering protocols is critical and ideally you want to build on the most secure and decentralized protocol known to mankind. Anything that is safe, secure and useful will be built on top of Bitcoin. [This](https://twitter.com/BitPaine/status/1615764109638914049) is not as useful and solves no problems. But people are throwing money at this because there's a lot of VC money hyping it up as something that it is not. Linking a centralized licensed wallet software to legacy browser to swap centrally issued premine, ICO coins interfacing with central AWS server (infura) is hardly innovation. Impervious AI is doing something much more exciting than this. Nostr is infinitely more innovative than this solving a real problem. Bitcoin is not an investment, no one ever sold it to you. It's an open protocol built upon 40 years of research to fix money by removing trust in humans and released to the world for free. The same people (cypherpunks) who were involved in TCP/IP were involved in the research that contributed to the invention of bitcoin. It's a new monetary system built from the ground up by us, literally random people on the internet voluntarily supporting, securing and developing it. There's no company, foundation, premine, ICO, VCs, licenses, trademarks, branding or marketing teams, not even an official website, code repo or even a formal specification. Bitcoin had no right to succeed. Through voluntary adoption, bitcoin is where it is today against all odds, having started from zero 14 years ago. Learn how to [run a node](https://np.reddit.com/r/Bitcoin/comments/zturtd/think_bitcoin_is_inevitable_think_again/) and [Lightning node](https://np.reddit.com/r/Bitcoin/comments/zvj4xp/lighting_statistics_of_my_routing_node_6_months/) (very inexpensive to do), then a [home miner](https://np.reddit.com/r/Bitcoin/comments/zzraj0/comment/j2njt2a/) if you can. If you can code, you can [contribute to development](https://twitter.com/summerofbitcoin/status/1584910670814142465) and get paid through grants and sponsors.
The AWS partnership is 100% real. The AWS team has had multiple long form spaces with Avalabs multiple times since the announcement. The Vice President of AWS was in one of them and talked about the partnership at length calling it a "Multi-faceted partnership" Multi-year partnership" and the "First of its kind". I dont know why so many people are acting like its fake, when 60 seconds of checking sources will tell you its very real.
Literally bought in to AVAX 3 weeks ago on the news of AWS partnership. I am already up 25%. GG.
Pricewise and developmentwise Avax is doing great. I do always get that nagging feeling with Avalanche that there is some stuff going on at the top. Like the AWS partnership which wasnt realy one, or reasons why the chain was halted at one point.
>Avalanche (AVAX) seems to be reaping the benefits of recent partnerships its network sealed with Amazon and finance platform Intain. >In fact, despite experiencing severe price drops together with the rest of the broader crypto market during the final quarter of the previous year, the altcoin has managed to stand out as one of the better performers this week. >At the time of writing, according to tracking from Coingecko, AVAX is changing hands at $21.81 and has gone up by more than 13% over the last 24 hours. >On a weekly and bi-weekly basis, the crypto is sporting upticks of 22.2% and 38.2%, respectively while during the past 30 days the digital asset’s value recorded a tremendous boost, going up by an astonishing 96%. >This impressive rally that AVAX is currently enjoying seems to have rubbed off in other aspects of its ecosystem, as evidenced by the 85% increase in the average daily transactions its native blockchain processes which now peaks at 288,120. >Moreover, before exiting 2022, the smart contract-focused network tallied a daily active address average of 48,023, 3.2% higher of what was recorded during the third quarter of last year. >In addition, after registering just 18 transactions per second from July to September 2022, Avalanche tallied 33 TPS during the succeeding quarter, nearly doubling its previous tally. >It is important to note that these developments happened despite the greater cryptocurrency market being pummeled by the negative effects of events such as the collapse of the FTX crypto exchange company and the long crypto winter, to name a few. >It can be recalled that Amazon Web Services (AWS) was recently in need of a platform where execution and management of smart contracts could be facilitated for transfers of ownerships as well as live market data financial transactions. >With Ethereum being the leader in smart contracts, analysts and experts were surprised when Amazon made the decision to pick Avalanche, sparking hopes of greater and better institutional adoption for the blockchain and its native crypto AVAX. The blockchain seems to be playing all the right cards with regards to this as it announced on January 31, 2023 that it will be partnering with Intain – a structured finance platform responsible for the administration of more than $5 billion worth of assets. With this, Intain becomes Avalanche’s first institutional subnet. >AVAX is undeniably responding positively to these developments as it continues to paint its charts in green, recording massive upticks in its value over the last few days.
Probably Filecoin, Siacoin, Storj (erc-20), Livepeer (erc-20), and Ravencoin Decentralized storage tokens like Filecoin and Storj seem to still be active, but I guess people don't mind storing their info on AWS s3 buckets & Google cloud lol. I think Siacoin was similar kind of. Livepeer was similar to Storj but decentralized video encoding & streaming. Not sure if it's still active. Ravencoin idk what its purpose was and I still don't lol.
Totally valid. People in the west are pretty spoiled with existing payment systems like PayPal, Venmo, etc as well as with general trust in their country's government A few things I'm concerned with right now, especially with crypto truly becoming the mainstream "Web 3.0" at the moment is: - Fiat on+off ramps, although in a crypto first world, we'd all just use it, but for now the centralized aspect of it is a knock - Decentralized storage - imo encoding a link to an AWS server on Web 2 is kind of half assed and kind of defeats the purpose in my opinion. The true unicorn is a fully decentralized internet, but before we get really cheap storage, really good compression, or both some sort of stop-gap will likely have to evolve into true De-storage Thanks for the comment and thoughts. I hope this post ultimately ends up an educational discussion
> I need to download the Blockchain and my current machine is not capable It's easy to paint yourself into a corner It would be sensible to get a computer > Can I use cloud computing services like AWS or Linode to host my node? Pick the cheapest auction server from Hetzner which has at least 2TB HDD A computer would be cheaper. Find a refurbished Dell Optiplex for less than $100 and do the job properly > How do Bitcoin nodes work? https://developer.bitcoin.org/reference/p2p_networking.html > a Python library named bitcoinrpc https://developer.bitcoin.org/reference/rpc/index.html > For data analysis, should I keep data in its raw format or should I process the data? Whatever suits your analysis requirements, which you have not provided here. No handholding here
that avalanche has remotely any use lol. i've tried man. still reading into deploying subnets and people just FUD. AWS news was interesting, but other than that - not seeing too much.
Polkadot is quite different to Cardano. Investing in one or the other is like investing in Amazon or Google, they do some things similar and some things have totally different markets. Regardless, I’m more into polkadot for the following: - Polkadot focuses on shared security across different blockchains. This is something only polkadot has achieved. Cosmos and Avax are trying, but it has been shown that unless you build this from the ground, you won’t be able to technically have the same. Cardano have implied they would try to implement this later and honestly if Cosmos can’t, Cardano is even more far away from doing it, as Cosmos at least focused on bridging from the ground. - interoperability between blockchains. This allows applications to be built that use different logic. AWS works on top of multiple technologies. If you want something as complex in blockchain, you need multiple models communicating, and Cardano is a single Virtual machine (or multiple similar ones). - Governance. Polkadot is integrating its v2 system which basically allows it to behave like software. This is huge for regulation purposes, and no other blockchain in the top50 is close to this, maybe only Tezos.
Exactly. CBDC = Juvenile thinking. Bitcoin has the assurance of 1000's of node/validators distributed across the globe. These clowns at the helm of power think they can beat that with an AWS hosted server? Really? If they meddle with a CBDC in replacement of USD cash they are asking for a whole lot of trouble and high levels of technical responsibility. "Responsibility" and "Government" are not words that can actually go together in a sentence. If there re bugs bugs and hacks it will cause mayhem in international trade markets just for the fact that the USD is entrenched in global commerce. What are they going to do stop the servers while it is being investigated? CBDC = total bullshit that cant be realistic at all. In fact it would diminish the power of the USD across the world. In to a certain part it is the drug lords and large crimes that keep the USD in such demand. If you fuck with their business using a CBDC then you are fucking with the power & value of the USD globally. Sorry, I hope they are thinking this through properly.
man i get it. it‘s a cool concept, a decentralized cloud service and all but they always draw comparisons like „we are better than AWS“. that comparison is like comparing a power plant to a diesel generator. i may buy a handful just for speculative reasons lol
>Getting ASICs and running them adds another layer of complexity. You can't simply buy 100 million in ASICs and start mining Bitcoin. Of course. 100 million is at least 50x higher than the amount of ASICS there are on the network POS is cheaper to run and easier to setup, though this depends on the network as each one has their own rules for validation ETH is 32 ETH per validator and more doesn't increase your voting power. You need to either buy the hardware and self host with backup hardware and power as you'll get penalized for downtime, or rent a server on the cloud. Some networks require powerful hardware to run your own validator. Fantom requires 500,000 FTM and a beefy server. It costs about 3c an hour on a 3 year up front plan on AWS ​ >The only real difference is that the entry to getting into mining is way harder than buying coins from someone. Yes that is true and that was my point. Its easier to stake on POS so many people do it, not just whales. Mining is harder so the majority of people that mine have money $3500 for an ASIC (a profitable one but barely at 45c a day return with 10c kwh) or buy 3.5K of a POS coin and stake?
You just haven't thought this through, that's all **“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.** **Proof-of-work has the nice property that it can be relayed through untrusted middlemen. We don't have to worry about a chain of custody of communication. It doesn't matter who tells you a longest chain, the proof-of-work speaks for itself.”** **― Satoshi Nakamoto** Satoshi created an internal perpetual clock (difficulty adjustment) based on energy, math, time all of which cannot be forged, controlled or manipulated by anyone or any authority. It's designed to adapt itself and run forever without any intervention at all. The unforgeable cost of work is what links bitcoin the digital money to the physical world. Without that you go back to human trust based political system. Corporate governance is based on stake. Fiat is based on stake. Trust based stakeholder controlled systems is literally what Satoshi fixed using proof of work. The person who proposed proof of stake in 2011 on bitcointalk specifically said that it's not something for bitcoin but maybe for companies issuing shares on a closed, permissioned blockchain to prevent any outside influence. Proof of stake has two kinds of political systems exactly like fiat. Either you have a government behind the project controlling it, like a premine company or foundation, or you have governance based on stakes, just like corporate governance. Proof of stake has no link or value interface with real world. It's a difference of entrepreneurial venture and [innovations in energy systems](https://np.reddit.com/r/CryptoCurrency/comments/10m07uq/comment/j606yk1/) vs rent seeking. Everyone has proportional cost at every scale in PoW. When you use bitcoin and pay a fee, the miner has a proportional cost of work and nothing can ever dilute your coins/total coins. PoS has no cost just like people printing money in fiat have no cost. You're back to fiat political pyramid system with preminers, freeloaders rent seeking from poors who pay fee and burn their coins while the inflation (new issuance from the money printer) accrues to the top for free. [Cantillon Effect](https://fee.org/articles/the-cantillon-effect-because-of-inflation-we-re-financing-the-financiers/). Let's also get this straight. There's also a lot more to shitcoins than whether they use PoW or not. PoW alone does not enforce decentralization and network incentives when there's a premine company with executive board of directors, licenses and trademarks and central AWS servers operated by that company. There's no point of anyone even running nodes and that is why no one does. The central authority hard forks every 6 months and enforces consensus moving to a new chain. You either follow the central authority's chain or you leave. You have no other option. Also from a security perspective, all these premine, ICO shitcoin chains are hacked to the tune of [tens of billions](https://decrypt.co/86503/defi-users-lost-billion-theft-fraud-2021-mostly-ethereum-report) of dollar value to exploits every year, not to mention millions of [failed transactions](https://cryptopotato.com/over-1-2-million-ethereum-transactions-failed-in-may/) every month users lose fees on. So what's even the point of any of them? [There's never been a better industry vertical for scammers as long as the window is open](https://twitter.com/coryklippsten/status/1595564120782172160) Did you know there were no altcoins for 2.5 years until April 2011? What happened in April 2011? Bitcoin reached dollar parity and reached a price of $5. Kerpeles just bought Mt Gox and it became easy to exchange bitcoin for dollars. The first altcoin was born that month.
Monero didn't inherit PoW from BTC. Monero started from a completely different codebase. But yes PoW is better for decentralization. Ethereum, for example, is mostly run on AWS. Amazon could literally kill ETH if they didn't care about profits. Would never happen, but it could.
So, one thing I worry about with ethereum, is not it's failure, but whether or not that it will see more success on private clones, rather than with the public network limiting the value of Eth itself. For instance I could easily see a corporation using an ethereum clone to replace existing B2B transactions, especially if they aren't bogged down by legacy systems on both ends, that being said I can also see one of the biggest things stopping such a proposal being those transactions having a large, unpredictable cost, and happening un-encrypted over the internet in a publicly accesable database. Speaking of un-encrypted... I know governments are afraid of anonymous internet transactions... but realistically I think the application of Crypto as a currency in general is very limited if people can't hide their transactions. Sure I don't care if you see that I bought a coffee with ethereum... but I also am sure people don't want to get robbed because a barista sees a transaction and traces it back to a wallet with seven figures in ethereum and marks them as a target. Corporations won't be able to protect customer and vendor data which opens them up as easy targets for corporate espionage, or just liability as they leak data... I'm also not really convinced that scaling while also maintaining the whole distributed trustless p2p network is a solved problem, or a solvable problem at the scales necessary to make crypto really even necessary as more than just a gimmick, and the more you take the distributed & trustless part away the more crypto is just a database with extra steps that make it a gimmick, and without scaling into pretty large TPS numbers a lot of potential use cases just aren't viable. I do think Ethereum has the best chance in crypto of succeeding long term but if long term is 2030 or 2040 as seems to be the case... then we also start risking that completely new tech will appear that will completely disrupt the market... twenty years ago quantum computing was mostly theoretical happening in just a couple labs in the world... this year you can buy portable quantum computers and instead of it costing you seven or eight figures for all the stuff its barely $60k, or set up cloud compute jobs in AWS. as qbit counts increase the encryption that underpins private/public keys in most computer security nevermind all of blockchain or ethereum will become obsolete.
Internet Computer has been reverse gas fees since inception and runs 350-500 million transactions a day now of web based chain activity on an entirely on-chain solution away from AWS, Google, MS, any big tech bullshit. It's so far ahead it's not even funny anymore. Every day someone says "let's do this in 2-4 years from now" and it's already done and on the IC.
This high lights the bigger problem with crypto and decentralization in general .. the way business run ( seeking monopolies and control of their space ) there are many choke points and bottle necks .. The entire internet pretty much is stored and ran on AWS and that is not good for decentralization.. is it ?
AWS announced a foundational partnership with a layer 1 blockchain just a few weeks ago and it’s not polygon or solana
All chosen by the council. You cam argue AWS is more decentralized lol
>The Nakamoto coefficient measures decentralization and represents the minimum number of nodes required to disrupt the blockchain's network. A high Nakamoto coefficient **means that a blockchain is more decentralized.** No matter if it is about Solana, Polygon or anything else ... This doesn't make any sense. When the majority of nodes would be controlled by interdependent or even the same actors there would be no real decentralization, no matter the number of nodes. 100 nodes can be way more decentralized than 1000 nodes as long as the 100 nodes are spread between more parties than the 1000 nodes. Every configuration in which new central points of failure are introduced (e.g. via the use of AWS) can lead to more centralization no matter the number of nodes. Regarding your question: Polygon is running and not turned off by congestion, bugs or its own creators and additionally one can switch to Ethereum as a trustworthy L1 with it.
Some large companies are starting with integration of blockchain technologies (e.g. Amazon's AWS now supports and is partnering with Avalanche/AVAX). It's not the "Pay with Bitcoin" how many people would like to see, but it's rather driven technologicaly by Ethereum and EVM compatible blockchains. It can trigger a global crypto adoption.
Well PoS is largely controlled by big corporate servers like AWS, Azure, Google cloud services etc. Also the energy needed for those big server rooms is probably pretty similar, especially once pos scaling is needed.
Thanks for being the perfect example of the misinformation that you can get in this sub. A small percentage of SoLaNa validators are hosted by AWS, not like Ethereum. The halvings have been fixed. And SBF is out of the picture and he arrived to Solana after they started, he was just financially backing it. With his collapse, your are running out of excuses
Solana? don't make me cry please 🤣 The only future of that SBF-shilled shitcoin is to keep having outages meanwhile its value goes slowly to zero. Until they don't are able even to keep paying the AWS bills
I think partnerships are what you want to look at. VET constantly partnering, although price action lacking previous bullrun, let’s be honest. AVAX a good shout for the AWS partnership despite being high MC already. ROSE for META partnership. Aside from that the AI coins will do well simply from hype. GRT and FET I think will be two standouts. No real use case imo but neither did SHIB or DOGE.
Over 50% of ETH nodes are on AWS. My argument isn’t about staking it’s about decentralization. If you want to have your own legit node (not talking about pools which you don’t control) you need 32 ETH which I would say can happen only if you’re wealthy enough.
The services they use to stake is whats not great. Eth is controlled by cloud providing services like AWS. so yes. Eth is a centralized shitcoin. Correct.
not worth it for mining bitcoin, yes. however mining other cpu coins would be worth it, if the computers are already sitting there anyways... pc's aren't like cars, they can be ran maxed out 24/7 for their life span with very minimal impact. You bet your ass all the servers running AWS or Google or the like and maxed out all the time, It's what they are meant to do.
Good call. Every microcap was touting out 'partnerships' left and right. I was in one that teased an Amazon partnership but then it turned out they were just renting cloud storage on AWS 😂
I hate Azure and AWS.... wait, not that kind of cloud
You mean it moves coins around behind the scenes in some DeFi and NFT activity while 99% of it sits on web2? I'll give you that. Where are the games that live fully on-chain with assets there too? That run from the chain not from AWS?
Ignoring the tech argument now and just resorting to ghost chain and baggie talk again like everyone else when someone compares ICP tech. >Pretty much what i said earlier, nobody is going to use these except ICP holders You're not getting that these are built on-chain, will be run as DAO's controlled by an on-chain protocol just like the entire Internet Computer is, and are a true web3 architecture for a new internet where you can actually control your data. A lot of talk about that and ICP actually does it. *Your keys, your data*. That's what separates it from regular web2 bullshit where all your data is stolen almost daily. Where you're subject to platform risk because they don't like your politics, your content in general, shut off a service you need without notice, or where they take 30% or some shit of your profit. >Sweet, just need some adoption. Agreed - companies looking to save millions will be looking and finding it. Absolutely perfect for indie devs who always run out of money because of costs of hardware and cloud. >We have an AWS alternative too. Akash. Not built on COSMOS and more importantly not built on-chain either. It's a great product that has some coins on COSMOS. Not very exciting and nothing close to ICP at all. It still has all the web2 vulnerabilities that ICP solves with being on chain and having tamperproof smart contracts for the web - there's no firewall needed. No one is hacking your smart contract the way they do on web2. >Lot of places to build web3 games on. No there aren't - only ICP is able to run these games from the chain. Those are the same gimmick we're seeing all over - a game hosted on AWS or run on your PC with some coins moving around somewhere on the backend. Because that's all the chain offers. It's all it can offer. Except for ICP. >I'll take my defi and nft crap and 53 sovereign blockchains All 53 of those do the *same* exact thing - nfts and high APY defi questionable scams. That's all they can do on-chain. ICP's tech allows for endless possibilities of development on-chain. ICP tech is clearly better. Probably wouldn't be having this discussion if FTX hadn't released ICP-PERP trading to run up the price and give the appearance of just another P&D. Still recovering from that but I think there's a chance to turn it around. The tech is there. Good luck to you too.
> It's all on-chain activity since it's hosting web content So those 500m txs are just clicks on all these social platforms? > distrikt, seers social, catalyze, taggr, dsocial, openchat, onlyontrax, cubetopia, faefolk, portal I looked at everyone of these. Pretty much what i said earlier, nobody is going to use these except ICP holders. It's cool that's it's onchain i guess, and decentralized, but does that really matter if no one adopts? Those aren't going to disrupt youtube, twitter, discord, aws, or anything else they're trying to be. If im wrong in a cpl years come find me. I'm completely fine w Cosmos not trying to do this. You win i guess. I'll take my defi and nft crap. > They're taking on AWS as an alternative web hosting and it's cheap and easy to develop on the IC. We have an AWS alternative too. Akash. Cloud compute and services. Dude who runs it is one of my fav Cosmos people. Check their twitter. > They're getting rid of the IT stack for companies which will save hundreds of billions a year. Sweet, just need some adoption. > Perfect spot for Indie game devs not looking to get eaten up by fees or be subject to platform risk Lot of places to build web3 games on. Im sure some will choose to go this route. Really would have liked to see Cubetopia. Cosmos has Strange Clans (it's own L1) and Androverse, and Bushi (on Secret). None of those are out but getting closer. We'll see who does better. Sounds like you're as happy w ICP as i am with Cosmos. Good luck to you ser
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Proof-of-work has the nice property that it can be relayed through untrusted middlemen. We don't have to worry about a chain of custody of communication. It doesn't matter who tells you a longest chain, the proof-of-work speaks for itself.” ― Satoshi Nakamoto Satoshi created an internal perpetual clock (difficulty adjustment) based on energy, math, time all of which cannot be forged or controlled by anyone or any authority. It's designed to adapt itself and run forever without any intervention at all. The unforgeable cost of work is what links bitcoin the digital money to the physical world. Without that you go back to human trust based political system. Corporate governance is based on stake. Fiat is based on stake. Trust based stakeholder controlled systems is literally what Satoshi fixed using proof of work. If you go back and read the post on bitcointalk forums which originally proposed proof of stake in 2011 you will see that it was proposed as a way for companies issuing shares on a closed, permissioned blockchain to prevent outside influence. Proof of stake has no link or value interface with real world. Everyone has proportional cost at every scale in PoW. When you use bitcoin and pay a fee, the miner has a proportional cost of work and nothing can ever dilute your coin/total coins. PoS has no cost just like people printing money in fiat have no cost. You're back to fiat political system with preminers, freeloaders rent seeking from poors who burn their coins while the inflation (new issuance) accrues to the top. [Cantillon Effect](https://fee.org/articles/the-cantillon-effect-because-of-inflation-we-re-financing-the-financiers/). There's also a lot more to shitcoins than whether they use PoW or not. PoW alone does not enforce decentralization and network incentives when there's a premine company with licenses and trademarks, central AWS servers operated by that company. There's no point of anyone even running nodes and that is why no one does. The central authority hard forks every 6 months and enforces consensus moving to a new chain. You either follow the central authority's chain or you leave. You have no other option.
Clear as day LBRY case has already set the precedent that any premined coin is a security even if the company issuing coins promises no updates or roadmap. >Notably, the Court found that, even ignoring such LBRY statements, LBRY’s decision to reserve or “pre-mine” hundreds of millions of coins for itself led purchasers of LBC “to expect that they too would profit from their holdings of LBC as a result of LBRY’s assiduous efforts.” Ethereum foundation centrally premined 72 million eth before a single block was mined of which 12 million was supposedly given to founders for free which is clearly a lot of coins already and it's the same as any equity issuance where ownership and management control issuance and distribution but then if you were to look at the actual sale curve, it follows the [mathematical precision of a power function](https://prestonbyrne.com/2018/04/23/on-ethereum-security/) which is only possible if it was almost entirely paid out to a [single entity](https://twitter.com/Leerzeit/status/1591190118492098560) or small group of people working in concert. There's a central issuer company with an executive board of directors which owns [trademarks](https://trademarks.justia.com/866/34/ethereum-86634529.html), licensed AWS central servers, creates roadmaps, locks up funds, has [branding, marketing teams and business plans](https://nitter.net/HODLneverSODL/status/1505891471668482050#m). (1) an investment of money ✔️ (2) in a common enterprise ✔️ (3) with the expectation of profit ✔️ (4) to be derived from the efforts of others ✔️
This is an interesting idea. I think they’re light years ahead of the banks because of their focus on technology and investments. Like Amazon’s head start with AWS
So this is a bit of a brain dump, and keep in mind there are probably much better ways to build the website than what I did lol. I just basically used trial and error + google + YouTube tutorials. I also don’t know what background / prior experience you have, so apologies if I’m writing about basics you might already know Data: Most of the website is based off of Moons data, which I update every hour and store in a database. The main language of choice for this was Python, which I already had some experience in and IMO is much more beginner friendly than other languages. This part was the funnest / easiest since I knew most of how to do this already, and all it really involved was working with a couple Python libraries (pandas, web3) to extract the moons transaction data, format it nicely, and export it to a database. For the database I chose AWS S3 / Athena, for no real reason besides I found some tutorials to use it. The link I posted in this thread extracts Reddit data. When I initially wrote the website it was all (frontend, backend, data update job) in Python, and there’s a nice Python library called PRAW that has tons of documentation on how to query redditor data Website: The above section was mostly on the data that lowers the website, and here I’ll talk about how the website itself runs. Again, a professional dev might cringe at my methods, but hey it (mostly) worked for me. As I mentioned before, initially everything was in Python and I used a framework called Plotly Dash. You can check my old posts and see how ugly it was before I launched the “v2” website. I did this because at first the website was very simple and didn’t have much functionality. But as I kept adding to the site and it became more popular I realized this old method wasn’t scaling well and was costing me a lot more than it should. So I did some basic research and decided to basically scrap the all the plotly dash stuff and migrate to a JavaScript/react frontend and a node.js/express backend I had never once used these languages before and at first it was quite daunting. But luckily there are dozens of YouTube tutorials that show you how to code up basic websites (even crypto ones like coinmarketcap copies). I followed these pretty closely and somehow hacked my way through adding additional functionality. Hosting: For the entire time I hosted the website with Heroku. It’s very user friendly and cheap. They used to have a free tier, but got rid of that and it’s now like $10-15 per month. The other main costs are AWS, which for me are generally like $20/month now
As best as I can tell it's a grey area. It's not as simple as they just signed up for an AWS account and called it a partnership. They actually got AWS management to say "yeah we're happy to welcome Avalanche to the ecosystem". But it's also not as important as like Amazon saying "we're choosing Avalanche as a platform" or something. Basically Amazon says "we love money and we're happy to take blockchain customers, Avalanche is a new one and we're happy to adopt anything that pays us money. Contact us today if you and your blockchain want to give us money too".
No partnership they just use Amazon AWS like tens of thousands other companies
There's no confusion at all Ethereum foundation centrally premined 72 million eth before a single block was mined of which 12 million was supposedly given to founders for free which is clearly a lot of coins already and it's the same as any equity issuance where ownership and management control issuance and distribution but then if you were to look at the actual sale curve, it follows the [mathematical precision of a power function](https://prestonbyrne.com/2018/04/23/on-ethereum-security/) which is only possible if it was almost entirely paid out to a [single entity](https://twitter.com/Leerzeit/status/1591190118492098560) or small group of people working in concert. There's a central issuer company with an executive board of directors which owns [trademarks](https://trademarks.justia.com/866/34/ethereum-86634529.html), licensed AWS central servers, creates roadmaps, locks up funds, has branding, marketing teams and business plans. Ethereum foundation decides what's ethereum. Period! Unlike bitcoin, ethereum has a formal specification defined by ethereum foundation. All clients are funded by ethereum foundation and simply follow their formal specification. 99.9% of clients [here](https://ethernodes.org/?synced=1) (Geth, nethermind, besu, erigon) are [directly maintained by ethereum foundation](https://www.coindesk.com/learn/ethereum-nodes-and-clients-a-complete-guide/) [Ethereum Foundation creates an altered version of Ethereum on July 20 2016 to reverse the DAO theft (to recover founders' coins). As trademark rights holders, the Ethereum Foundation applies the Ethereum (ETH) brand to the new forked chain](https://ethereumclassic.org/knowledge/history) This is why there's never any contention over hard forks. This is why they are able to pull off a hard fork every six months. There are also only a handful of economically significant nodes like infura, alchemy and only [∼ 3k nodes](https://ethernodes.org/network-types?synced=1) overall with majority on central hosting servers. Ethereum upgrades require no consent from users. It's irrelevant what anyone thinks. A hard fork breaks consensus and enforces the change on users. It's only possible to do frequently if there's a central authority. You either upgrade to their chain or leave. You have no other option. You can no longer run older versions if you don't like the change ethereum foundation makes. You also cannot fork the chain yourself no matter how many users join you. It will not be ethereum as ethereum foundation holds the trademarks.
Yes, is a partnership according to your definition of partner-shipment Now let's look at all partners Amazon EC2 has: * **83 partners for blockchain (out of 7073 total partners)** \-> [https://partners.amazonaws.com/search/partners/?keyword=blockchain](https://partners.amazonaws.com/search/partners/?keyword=blockchain) * Well known companies like Accenture, LG or IBM are also on that list of 'blockchain partners'. * Ava labs appears on [the 5th page on that search](https://partners.amazonaws.com/search/partners/?keyword=blockchain&page=5) * Here is their "partner page" on Amazon -> [https://partners.amazonaws.com/partners/0010h00001h4r08AAA/Ava%20Labs](https://partners.amazonaws.com/partners/0010h00001h4r08AAA/Ava%20Labs) * Looks special right? At least Accenture has this badges: [https://partners.amazonaws.com/partners/001E000000VHBQIIA5/Accenture](https://partners.amazonaws.com/partners/001E000000VHBQIIA5/Accenture) >23 AWS Competencies 9 Partner Programs 6 AWS Service Validations 2k+ AWS Certifications 1k+ AWS Customer Launches ​ Ava Labs has **not even one badge** right now. **what a joke**. For god sake. You are looking more like a clown the more you try to defend this
Oh, you're European. Good to know. That must change the definition of a partnership Oh, you found a link about how you pay to be partners? Definitely haven't seen that yet... Oh, you didnt read or listen to the AWS team explain how Avalanche is not paying them? It is not "basically what avalanche did". It is or it is not. And the fact is that they did not pay, they were chosen by the AWS team. Oh, you didnt read or listen to the AWS team discuss a multiyear partnership and incorporation of Avalanche into their business model? Oh, you ignored the resources for educating yourself that were provided above and continue to maintain misconceptions? Well, it is reddit so I get that. I'll leave you with this. I never post to pump any bags. I post to correct lazy falsehoods. I would do it for a project I dont invest in just as easily as one I do. This is a partnership. It has been discussed and confirmed by the AWS team themselves. Is it a HUGE deal? Maybe not. Is it something worth attention. Yes. Is it a fake deal? No, not even in Europe where definitions travel through a black hole and become something entirely new. I get it. You wont accept it as a partnership until x, y, and z happens. Well, when it does happen and you understand the fault in the opinion you have so strongly provided, please feel free to drop on by and discuss. Thanks and good luck from the USA
This is an actual partnership. If anyone took the time to do their due diligence, they would realize this is much different than Avalanche simply using AWS services and calling it a partnership. People are salty because this type of disingenuous “partnership” AWS announcement was a common theme with weak projects in 2018. They were burned by this in the past and assume this is the same. It’s not. There were no joint twitter spaces or press conferences, or even any real communication from AWS about those fake partnerships. Again, this is real, and the OP needs to own their misinformation and edit their post.
This is not True.. Avax is definitely partnered if AWS…
Ok so from there how do I buy a light bulb on Amazon and pay with ethereum? Just because something is mentioned in a AWS page it doesn’t mean it’s available in the Amazon Store. Maybe because the Amazon Store and AWS are two entirely different products. Maybe.
So many avalanche shills on this thread. Remind me of the same shills of tbis and Michael Stollaire and we know how it ended. Obviously the partnership is BS and they are just customers for AWS. Like other coins they use a Lenovo laptop with windows 11 then they have partnership with both Lenovo and Microsoft. Also don't forget they sub on Disney+ so now they partnership with Mickey Mouse
>The blog was actually co authored by 2 AVAX/avalabs members and 2 AWS members. ( > >[https://aws.amazon.com/blogs/startups/building-application-specific-blockchains-with-aws-on-avalanche/](https://aws.amazon.com/blogs/startups/building-application-specific-blockchains-with-aws-on-avalanche/) > >). Scroll to the bottom and confirm for yourselves who the 4 co-authors are. ​ So? Do you realize that amazon blog is a blog for startups, where they post articles from the companies that do "partnerships" with Amazon EWS. Partnership in this case is the company paying Amazon to use their services and getting a discount for big volume. Check: [https://aws.amazon.com/blogs/startups/](https://aws.amazon.com/blogs/startups/) that blog site is full of articles from "startup products" where the blog entry is written by the startup founders. ​ >They aren’t paying AWS, this is a start up partnership. (Refer to co-authored blog & joint twitter space links) Give me a proof of this other than assuming that because they had some blog posts and tweets posted from the Amazon account they are not paying.
Yes, except Avalabs is not paying them any money, AWS is giving them this service for free as part of their partnership
Multiple resources that I provided links to for you to read or listen to state there is no money going from Avalabs to AWS. And that AWS chose Avalabs to partner with, not the other way around. Why is it this hard?
If this whole thing was some one sided avalanche hype train then you would have a point. AWS’ active involvement in releases and the twitter space show work on both sides that is substantial. Clearly you learned from a past situation, but it sure seems like you’re equating two non equal situations.
It's literally a tool like tens of thousands available on the AWS Partner Network. It's the very same bullshit hype play that Stratis (a top 10 coin in 2017) used in 2017 as a partnership with Microsoft Azure ...which meant nothing but nothing but lured gullible noobs into the project.
Hello Redditor for 9 days. Shitcoins have been pumping themselves as having partnered with Microsoft, Google and Amazon since 2017 whenever they get accepted into a "cloud partner" program as a Blockchain "service provider." The fact is hundreds of thousands of tools and companies are accepted into these programs as service providers. It's not a partnership in any sense of the word, it just means the tooling is available on the cloud platform. Any project trying to hype this as a partnership is scamming noobs and the technically illiterate. > Stratis is now a certified Microsoft Partner https://stratisplatform.medium.com/stratis-is-now-a-certified-microsoft-partner-36be65b59a95 > Quant Network Becomes Amazon AWS Partner https://quant.network/press-releases/quant-network-becomes-amazon-aws-partner/
Look at the authors of the blog post. There's two AWS people on it, including the Tech Lead for web3 at AWS. What are you talking about?
or, and here me out, what if every computer operating system had a forcibly added backdoor (along with a large sum of money to ease th epain) that we plebes don't get to know about? what if various governments could "hack" into journalists computers and AWS services?
The lead of AWS "Web3" says it specifically at 2:13 of this TechCrunch led Twitter Spaces between Avalanche and AWS executives. In fact, multi-year "partnership" is mentioned 20+ times in the first 5 minutes alone. https://www.youtube.com/watch?v=z9B1TZnV-uo
I feel like in Europe this thing wouldn't fly. I've had to do product negotiations with German companies before and they are very picky about the terms "partnership", "client", and "affiliate" because of the legal meanings there. "Partner with AWS" in the marketing sense meaning "become a customer" just sounds like asking for trouble.
Real facts about avalanche. Guess this needs to be posted here too • The blog was actually co authored by 2 AVAX/avalabs members and 2 AWS members. (https://aws.amazon.com/blogs/startups/building-application-specific-blockchains-with-aws-on-avalanche/). Scroll to the bottom and confirm for yourselves who the 4 co-authors are. • They aren’t paying AWS, this is a start up partnership. (Refer to co-authored blog & joint twitter space links) • AWS tweeted about the partnership and agree with what is said in the blog. Otherwise,.. you know,… they wouldn’t have approved the tweet and sent it out from their official account. (https://twitter.com/awscloud/status/1614307242899111936?s=46&t=eQ2dbNvlFnrg17ipTez4sQ) • A joint twitter space with AWS and Avalabs was held shortly after the announcement to discuss the partnership (https://youtu.be/z9B1TZnV-uo) Honestly, what is going on with this sub? I understand skepticism but this OP is just outright lying.
Damn you guys have no idea what you're talking about. You just see AWS partnership and default to the only knowledge you have of past 'partnership'. Do your own DD or kindly stop making a fool of yourself.
After uploading my cat pics I have partnered with AWS.
It seems there is more to it than AVAX just using AWS to deploy nodes https://techcrunch.com/2023/01/11/aws-partners-with-avalanche-to-scale-blockchain-solutions-for-enterprises-governments/ https://thedefiant.io/avalanche-aws-partnership
Avax isn't only one pulling Amazon partnership play,many did the same thing when only using AWS
The tweet is real. AWS basically provides a service for companies to build websites database on their servers. AVAX uses their service to build a website and AWS promotes AVAX with a tweet
Bro this sub doesn't trust anything but BTC and ETH. It's nuts. The FUD on Avalanche is unreal. Even though both Shopify and Alibaba, massive companies, are utilizing Avalanche it's still considered some sort of rug lol https://youtu.be/z9B1TZnV-uo This is the twitter space with the AWS executives and Ava Labs executives discussing it. They aren't paying for anything and will be supporting eachother in a mutually beneficial way it seems like. Also sounds like Amazon will be sponsoring or at least supporting Avalanche's upcoming hackathon, and another event that I have to watch again to remember, as well as to a lesser degree the Avalanche Summit coming up
This seems like mad FUD AWS Web3 leads held a twitter space with Avalanche, they also promoted the partnership. Both of which go against the threads claim it wasn't mentioned https://twitter.com/avalancheavax/status/1613594960623980544?t=EbBx4AsvCoXsYKPGHZZ0HQ&s=19 https://twitter.com/awscloud/status/1614307242899111936?t=zkub0RxMW3AawcrG-WQkqQ&s=19 Listen to the interview with Ava Labs and AWS executives here: https://youtu.be/z9B1TZnV-uo It isn't just a standard AWS service lol
The blog was actually co authored by 2 AVAX/avalabs members and 2 AWS members. They aren’t paying AWS, this is a start up partnership The reply to the twitter thread was calling him a troll What is going on with this sub?
Lol typical we use AWS so this means we have a partnership!
Where are all the people saying that Amazon was truly partnered with AVAX and that this announcement is different than most other partnerships with AWS? It seems like most times a project announces a “partnership” there’s much more to it than initially meets the eye. Source: former VET holder. That thing had “partnerships” with everyone and yet had actual connections with no one.
But I found a tweet on AWS' profile https://twitter.com/awscloud/status/1614307242899111936
If being an AWS customer counts, a big percentage of companies have an amazon "partnership"
The confusion is further amplified by Amazon AWS' official Twitter account tweeting a link out to the blog where there is clear mention of a partnership. https://i.imgur.com/GcczaxI.png > Ava Labs is partnering with AWS to host entrepreneur- and developer-focused events. https://aws.amazon.com/blogs/startups/building-application-specific-blockchains-with-aws-on-avalanche/
Nodes are running in 63 countries. About 30% are hosted on cloud computing providers like AWS. https://www.nodewatch.io/
Avax had a rally because people confused them becoming part of a AWS partners program with a Amazon partnership.
Any information about the geographic distribution of these? IE, are they mainly on AWS, etc, or are people running them on baremetal?
Too bad PoW miners were among the biggest network participants and supporters, as evidenced by their show of support spending all that time and energy keeping their mining rigs online 24/7. It wasn’t always as profitable as 2020/2021 as you know… but I’m sure everyone who just holds a bunch of ETH and doesn’t really care about the network other than what interest rate they can earn from staking will do right by everyone and keep the network safe from centralization on AWS, oh wait….
Silicon valley owns Solana and most of its nodes are run on AWS if im not mistaken so it's not decentralized by any stretch of the imagination
yea, it's pretty incredible how much "work" goes into one of these. These are old estimates (probably 1/2 that today) but it shows you how much one CURE would cost to product on a super computer and cloud service. $1.95 per coin using a Titan Supercomputer in 2018 $0.68 on dedicated AWS instances in 2018 [https://curecoin.net/crypto/curecoin-team-reaches-1-trillion-ppd-on-foldinghome/#FoldingCosts](https://curecoin.net/crypto/curecoin-team-reaches-1-trillion-ppd-on-foldinghome/#FoldingCosts) Cheers.
It’s easier and more secure to just truly random shuffle your seed phrase and also adding a passphrase (the so called 25th “word”). Here’s how to truly random shuffle your seed phrase: This is a “manual” encryption method to never be worried again with your seed phrase being discovered even in real life, like if you encrypt it shuffling down 24 papers with numbers from 1 to 24, and only storing it writing down your seed phrase in that shuffled order. Your shuffled seed phrase will be encrypted and that numbers order list will be the decryption code, so write down and store that numbers order list as well and never lose it. If you do a completely and true random shuffle order you can even write down that shuffled seed phrase online, like here in this sub, and no one will be able to decrypt it, at the moment there’s no available computer power able to decrypt such entropy. If someone reading this ever try this method, after you do it, reset your device and try to recover your wallets using the decryption method to test if you can actually recover a small amount first before sending all your funds! So, if you encrypt your seed phrase like I said, it is not possible to crack a seed if you have all the words, but in a completely random shuffled wrong order. The number of order is 24!/256 (the /256 part is because only 1/256 combinations will have a valid checksum). This number is 2423626569270466560000 - way too much to bruteforce that many combinations, even with all the AWS power you can buy. And I’m not saying that anyone that tries this method should post their now encrypted seed phrase, it just gives you a second layer of security, atm impossible to crack, if your seed written on paper or metal becomes compromised by someone in real life. And for last, I’m just gonna leave this last part here to anyone that might be curious about a seed phrase entropy: Brute forcing a 1 word secret phrase from a 2048 word list: each guess has a 1 in 2048, or less than 0.05% chance of being correct. Brute forcing a 2 word secret phrase from a 2048 word list: each guess has a 1 in 2048², or 0.0000238% chance of being correct. Brute forcing a 3 word secret phrase from a 2048 word list: each guess has a 1 in 2048³, or 0.0000000116% chance of being correct. Brute forcing a 4 word secret phrase from a 2048 word list: each guess has a 1 in 2048⁴, or 0.00000000000568% chance of being correct. Brute forcing a 5 word secret phrase from a 2048 word list: each guess has a 1 in 2048⁵, or 0.00000000000000278% chance of being correct. Brute forcing a 12 word secret phrase from a 2048 word list: each guess has a 1 in 2048¹², or 0.0000000000000000000000000000000000000184% chance of being correct. If you could make a trillion guesses per second on each of a trillion computers, it would take the lifetime of the universe so far to have a decent shot at it. Brute forcing a 24 word secret phrase from a 2048 word list: each guess has a 1 in 2048²⁴ chance of being correct. It would take 2048¹² as many computers, or 2048¹² universes, as the 12 word secret, to brute force it. Let's say you are trying to find a specific atom. What are the chances to find it, if it's in your body? In your home? In your city? In your country? In your continent? Anywhere on earth? Anywhere in our solar system? Anywhere in our Galaxy? Anywhere on any of the billions of planets in any of the billions of galaxies in our visible universe. Numberwise, finding the seed phrase to a crypto BIP39 wallet is as unlikely as finding a specific atom in the visible universe, which spans millions of lightyears and covers billions of galaxies. No GPU farm currently available, will be able to bruteforce through that anytime soon.
Internet Computer is the most powerful project in this space and it's not even close. Decentralized internet fully on chain away from AWS, Google, Microsoft, Hetzner, Alibaba, government control, etc., etc. so they stop stealing all your god damn data and censoring you. They cannot track you on ICP. WTF are crypto projects joining forces with AWS for besides a pump in price. Only project in the space that can do this and allow you to build real world use case projects on chain. Entire websites, storage and all, on chain. The chart sucks. Go ahead and down arrow.
> Lots of FTX words here Because FTX is almost singlehandedly responsible for the enormous run up in price due to synthetic trading of ICP. Now people like you keep repeating the BS about the launch. ICP is under attack for a reason because there is *no* project that is as powerful as the Internet Computer. If it fails then blockchain is a fucking joke. It's all scams in DeFi and NFTs in this space right now. People throw together a website on AWS and move some coins around behind the scenes and call it web3 or "building on chain" when it's not. People like you who can't see this are the problem. Whatever bag you're holding I know it doesn't do a damn thing in the real world because you can't build shit on chain with it. Everything is like that except for ICP and developers are beginning to realize this. I almost don't even care if it pumps because I know the tech is needed and will *change everything* about big tech being in control of our data and our lives with how you have to bend the knee to them. Decentralized Internet away from big tech and government control is the future and that's only possible right now on ICP. Every other chain is garbage. Flat out shit brimming with scams.
Are you kidding me? You think that decentralized hosting on a project run as decentralized organization is privatized? How do you feel about almost all of these alt coins you're asking about being hosted on AWS, google, Hetzner, etc? Dfinity doesn't control the project - they are a contributor and with decreasing power in voting. Nothing happens on the Internet Computer unless it passes a vote. Nothing can change on it unless a vote passes which is the beautify of real on chain governance controlled by the protocol. Every single crypto could run a decentralized front end on the Internet Computer and get away from big tech. But you're just repeating Coin Bureau (probably paid by FTX) garbage or something. Ridiculous.
AI tokens are flying due to the hype caused by ChatGPT. Where it's hosted has absolutely nothing to do with that lmfao. But you should know that most crypto is hosted on centralized servers (most are AWS). We aren't close to the point yet to where we have decentralized options that are capable of doing what AWS, and microsoft is at the moment.
> Also PayPal is thousands of times bigger than ETH. Proccesses millions of transactions more every single day. Of course it will consume more power in absolute values. But I am talking relative values as described here And again, it shows you know absolutely nothing about this whole topic. This is hilarious man. Just to help you out of the dream, the network does not use more power when more people use it. The network uses the same amount of power regardless of the amount of users. > I suggest you read what I quoted above and re-read my reply. ETH will always be thousands of times less efficient than AWS. Spending thousands of times more on electricity and proccessing power when we already have a working solution makes 0 sense to me. It may make 0 sense to you, but it makes perfect sense to people who understand. And you don't. > The "'decentralized" part is just bullshit you keep telling yourself you need while admitting in your reply above that you have never had your data miss used or altered LMAO Now go back and re-read that argument. Because you're just making a fool of yourself. I'll make it easy for you: "Didn’t have to have happened to me for me to be cautious. Happens often enough in 2nd and 3rd world countries that entire governments fuck with data to lock up dissidents or do other evil shit. Decentralised file sharing or browsing is already proven to be insanely important if you live in an authoritarian regime. Imagine an entire immutable and secure decentralised virtual machine that can run and execute code." You have disproven none of this. The EVM can still run and execute code securely and in a decentralised, transparent, trusted and censorship resistant manner. And there is plenty of evidence of governments and other powerful entities manipulating established and available data to suit their needs. Funny thing about the raspberry Pis you have mentioned the ETH validators running the network often run on those Raspberry Pi devices. Or other low-power servers available to people. And guess what you can do with that besides running a validator? That's right! Reuse it to run other programs you want to run. > Lol you completely missed the point in my reply and again you are arguing on the semantics of what a VM is. You have 0 idea what you are talking about and it shows. Have fun holding someones bag Oh dear, your frustration and incompetence is showing. I proved the EVM is an actual VM by definition, and you can't disprove it. So you just don't. Don't have to worry about me holding someone's bag though, already earned everything out of it and then some. I appreciate the concern.
> Ethereium will always use more power than any centralized solution for the same proccess and computational power. The actual total amount of energy right now is irrelevant and I can't be bothered to look it up. [Well what do you know, the Ethereum network uses less power now than the entirety of Paypal.](https://ethereum.org/en/energy-consumption/) I'm almost starting to think you don't know what you're talking about. > The proccess of making something decentralized adds a ton of overhead that will always make a decentralized solution less efficient and slower than a centralized one. Funny, because the layer 2 solutions are actually faster than normal centralised transactions with the added security of the "slow" decentralised network. > Btw do you know that the entire ETH computational power is less than a rasbery pi which costs 65$? You're seriously comparing a raspberry pi, a local, hardware-based solution to a democratic, decentralised cloud computing network? At least compare it to Azure or AWS if you're gonna do something like that. > And no ETH isn't a virtual machine lol. Try installing linux on it if it is then and report back on how fast and how expensive it is to run or if it even boots up lmao Then go brush up your definition of a virtual machine, or move the goalposts again, whatever you want. I suggest you start here: https://ethereum.org/en/developers/docs/evm/
Clear as day Ethereum foundation centrally premined 72 million eth before a single block was mined of which 12 million was supposedly given to founders for free which is clearly a lot of coins already and it's the same as any equity issuance where ownership and management control issuance and distribution but then if you were to look at the actual sale curve, it follows the [mathematical precision of a power function](https://prestonbyrne.com/2018/04/23/on-ethereum-security/) which is only possible if it was almost entirely paid out to a [single entity](https://twitter.com/Leerzeit/status/1591190118492098560) or small group of people working in concert. There's a central issuer company with an executive board of directors which owns [trademarks](https://trademarks.justia.com/866/34/ethereum-86634529.html), licensed AWS central servers, creates roadmaps, locks up funds, has [branding, marketing teams and business plans](https://nitter.net/HODLneverSODL/status/1505891471668482050#m). (1) an investment of money ✔️ (2) in a common enterprise ✔️ (3) with the expectation of profit ✔️ (4) to be derived from the efforts of others ✔️ Furthermore, Ethereum foundation decides what's ethereum. Period! [Ethereum Foundation creates an altered version of Ethereum on July 20 2016 to reverse the DAO theft (to recover founders' coins). As trademark rights holders, the Ethereum Foundation applies the Ethereum (ETH) brand to the new forked chain](https://ethereumclassic.org/knowledge/history) This is why there's never any contention over hard forks. This is why they are able to pull off a hard fork every six months. There are also only a handful of economically significant nodes like infura, alchemy and only [∼ 3k nodes](https://ethernodes.org/network-types?synced=1) overall with majority on central hosting servers. Ethereum upgrades require no consent from users. It's irrelevant what anyone thinks. A hard fork breaks consensus and enforces the change on users. It's only possible to do frequently if there's a central authority. You either upgrade to their chain or leave. You have no other option. You can no longer run older versions if you don't like the change ethereum foundation makes. You also cannot fork the chain yourself no matter how many users join you. It will not be ethereum as ethereum foundation holds the trademarks. Ultimately, ethereum is only propped up by promising a new update every six months. Think about what's actually happened? Nothing except move to proof of stake which was promised to happen "in 6 months" for 6 years. The next update apparently is the groundbreaking ability for people to withdraw coins. Linking a centralized licensed wallet software to your legacy browser to swap shitcoins through central AWS servers is not a meaningful use case and solves no real problems.
Wrong. This [site](https://dscvr.one/) is a reddit clone and runs *entirely on-chain* - storage on chain - data on chain - web files, code, all on chain - serves web content from the chain - https outcalls from the chain - NFT entirely on chain and no images on hosting like AWS - none of it hosted on the cloud - no passwords and uses biometric identity logins - all the websites are tamperproof smart contracts immune to hacking - don't need firewalls to protect your site Also check out distrikt, seers social, catalyze, taggr, dsocial, openchat, etc. etc, all this shit exists. And it will continue to grow.
Yes, altough the cost to store that data on the Blockchain would be huge, specially in the Ethereum network. That's why most of the NFTs has URL that links them with a link from a external storage server such a IPFS or AWS
**Internet Computer is the only chain that serves web content from the website and replaces traditional hosting like AWS.** THE END.
Internet Computer - everything is on chain. Including websites, not static pages, which are served directly from the chain and the only project that can do that. Everything else is bullshit when it comes to web3 and it's on AWS with coins in the background.
I want you to read how AWS makes sure it is always online and the cost it takes to run compared to BTC or Ethereum for example. Redudancy is not an issue in AWS let's just say that. And decentralization in the case of using blockchain adds a ton of overhead which makes it way less performant for the same amount of power used. Inherently it will cost way more to run ETH for example to the scale of AWS as it is right now. Also the blockchain is just a database. Every other piece of code is still vulrnable and it's not feasable for everything to be on it due to costs, speed and scalability. Decentalized solutions are always slower and more expensive to run than centralized. And also no. You can't expect every single business to use blockchain and you can't force them too.
Yeah great Twitter space today that had the AWS team and AVAX team discussing what this means for future building. But most in here don’t look farther than the headline.
Public registry, sure, call it that. There’s public registries now, on sql databases. Let’s say they are being hosted by private companies (AWS/azure) or in on-premise servers. Why couldn’t people have their nodes utilized and earn money validating blocks for this registry instead of the agency paying AWS to host it? What do we gain? More redundancy and increased security from how the ledger works inherently. No risks of plaintext passwords, no sql injections, no constant fighting against security vulnerabilities. More redundancy from more nodes instead of big regional data centers. Everybody from the state to your bank to FedEx will use blockchain to organize and secure their data. Is this not feasible? Am I misunderstanding something?