/biz/ - Business & Finance

i am honestly surprised this thread survived the night.
i want to point something out about algo.
the governance.
https://www.algorandstats.com/governance-period-7

as you can see, most of these wallets are just the normie/independent tier baggies of algo..
it has a fat steak at around 5%.. with the deadline being in 4 days around noon eastern time us.

if you watch.. by the last 24 hours.. you will see the ((((FOUNDATION))))
come in and stack there algo..
you will see 2,000,000,000+ algo show up..

so the "VOTERS"/"GOVERNORS" of algo.. the people.. they have about a 700,000,000 vote power..

the "FOUNDATION" has a 2+BILLION VOTE POWER.

so no algo holder can actually vote on anything..
we can just get some shit tier apy steak. like 5%-7% in a "security" than floats are -90% ROI.

that 2billion+ that will show up, is all the cex, and all the foundation, pulling this shitcoin whatever way they want.

the foundation should stay out of the gov process. cause it nullifys the vote of all that hold algos..


this is 1 of many reasons why i have shit on this coin.


i also have a personal beef with MIT because they hurt someone i love in rl, severely.
and i know theyre crooked as fuck.
boston/mit this whole area is really fucking scummy.
and i welcome the day it gets nuked.