/biz/ - Business & Finance

>>55229163
Algorand has a fairly clever randomized POS consensus mechanism, I grant, but Silvio Micali failed to consider economic facts, which lead to him instituting this insane distribution schedule. Consequently, ALGO has had more inflation than an emerging market currency.
>but Algorand is a great consensus mechanism
Perhaps it is, but people are not buying "a great consensus" algorithm; the consensus algorithm facilitates the functioning of the currency and if it doesn't work as a currency, the quality of the consensus mechanism is irrelevant.