/biz/ - Business & Finance

/comfy/

Why is this scam coin still going up? I already know the answer, but want to see if any of you biz-lets know too.

>>27836575
definitively there is not

>>27812800
50k algo chadlet here, feels comfy as fuck

Biz, no larp. This is the last I'll post here.
The rumor has already spread a little, but what's going is monumental.
>Those who know, knows.

Is there a lot of you actually managing successfully to swap between coins like ETH->ADA->XLM->ALGO, to pump all the time?
I respect you brilliant degenerates so much

>>25599410

>>24240728
I got you anon.

>>22257867
I researched it. I'm sticking to algo personally. Wasn't interested in it, but the volume of prop transactions is large and proving algorand can handle it. Planets also has a large volume. Allegedly, the algorand chain can handle a significant increase in transactions than it currently has and still remain with 4-5 second finality.

IT'S NOT TOO LATE

remeber to take profit at .66 and buy back at .59 and the just hodl for $1
take profit before sept1

Get in, or stay poor forever.

https://www.algorand.com/resources/blog/algorands-smart-contracts-powering-advanced-apps

Reminder to get in this year if you're not a faggot. Will replace ETH, has fed support. ADA bros need to jump ship.

>>21488291
Pretty simple... ALGO

Download their wallet and click "add assets"... You'll see what I mean

>>21455320
already solved the trilemma
all in and comfy as fuck

ALGO just past it's resistance point, last chance to obtain ALGO for less than $1

Post ITT:
>how many ALGO do you hold
>your realistic EOY price prediction

Me
>5000
>$1 or $2 max

>>21422900
This is also the 11th time I’ve gotten a get while discussing Algo with fellow algonauts. It is a sign within a sign within a sign.
If this doesn’t convince you nothing will. I’m doing it.

PoW is extremely expensive and wasteful. Mining often requires specialized hardware to be competitive and consumes an enormous amount of electricity. Only professional miners who have made the capital expenditure necessary to buy racks of hyper-specialized mining equipment can expect to make a profit. Accordingly, only they participate in (and benefit from) block generation. And since only one user solves the puzzle and generates the new block, all the efforts of other miners is wasted. By contrast, Algorand’s consensus protocol does not require participants to solve cryptographic puzzles in order to propose or validate blocks. Any user who is online and possesses stake is eligible to participate in the consensus protocol. And block generation does not require any expensive computation. Participation cost—both computational and financial—is very low and therefore not a barrier to participation.

Next, PoW leads to a concentration of power and de facto centralization as a result of miners pooling their resources. These mining pools can erase blocks or change the order of blocks if they wish or if they’re bribed to do so. Bitcoin, for example, is currently controlled by three mining pools and Ethereum is controlled by just two. Whether by design or de facto, any blockchain that is centralized is insecure. With Algorand’s PPoS, on the other hand, malicious users do not gain any advantage by splitting their stake into many accounts (i.e., pretending to be many users) or by pooling into a single one. A user can increase their influence only by increasing their stake.

SCALABILITY
ATOMIC TRANSFERS
DECENTRALIZATION
PERMISSIONLESS
PURE PROOF-OF-STAKE
REWARDS