I am so tired of Avalanche propaganda. So, subnets, let’s break it down:
- To crate a subnet you need to buy and stake AVAX (they don’t mention that).
- Subnet security is abysmal (ex. their most popular subnent, with more activity than the main Alavalnche network, has only 5 validators. (Imagine that!)
- They mention consensus of Avalanche as if it is the “holy grail” of blockchains, but why should people care about another PoS consensus? In practice, their consensus is a solution to a problem nobody cares about anymore. There are so may alternatives, it is not even funny.
- They blame polygon for their multisig (and while I agree with tihs), they forget to mention that their own bridge is controlled by only 4 validators/companies (which, if asked by a court, will freeze all the bridged funds).
And by the way, Ava Labs (who solely develops and maintains Avalanche) is a PRIVATE company registered in NY. Talk to me about Decentralization!