/biz/ - Business & Finance

>>21827209
decent project, horrible investment.

Awesome hold long term. It's basically Chainlink all over again.. don't get too autistic trying to time bottoms, there's a good reason why 99% of all traders are rekt

Apparently there is gonna be a dump early September. Some auction thing for high rollers or insides or something. Still gotta look it up. Good coin to hold just stake it and bake it don’t swing always buy. Made plenty of doh swinging but I’m stupid and could have made slightly less if I just held and been stress free.

I just spent an hour reading everything on their website and nowhere does it mention why it would have any value whatsoever outside of whatever it's doing for their clients. It's like thinking you would make money renting shovels to a mining company that makes their own shovels.

>>21827209
it has it's own blockchain network right? i think anything that can rival ETH will moon right now considering ETH's outrageous gas prices.

Remember to DYOR, anons. You're welcome.

t. comfy 20k ALGO stack holder

>>21828041
>Robert Matza
Was previously President, Partner and member of the Executive Committee of GoldenTree for 14 years. Mr. Matza joined GoldenTree in January 2006 and managed GoldenTree’s business management infrastructure, which provides operational support to GoldenTree’s investment products and client franchise. Mr. Matza retired from GoldenTree in 2019. GoldenTree is an asset manager managing over $30 billion in assets.

Prior to GoldenTree, Mr. Matza served as President and Chief Operating Officer of Neuberger Berman, Inc., as well as a member of its Board of Directors and Executive Committee, and following its acquisition by Lehman Brothers, a member of Lehman Brothers’ Management and Investment Committees. He joined Neuberger Berman in April 1999 as a Principal, and led the team that successfully completed the initial public offering of Neuberger Berman in November of that same year. Between 2000 and 2003, he negotiated and completed several acquisitions and lift outs. In 2003, Mr. Matza negotiated the $2.6 billion sale of the company to Lehman Brothers. Assets under management grew from approximately $55 billion to over $107 billion from the time that Mr. Matza joined Neuberger Berman, until he left at the end of 2005. Mr. Matza’s industry experience prior to 1996 includes 16 years with Lehman Brothers and its predecessor companies, where he last served as Managing Director, Chief Financial Officer and a member of the Operating and Investment Committees.

Mr. Matza is currently also serving as a Senior Advisor at Rockefeller Capital Management, a high net worth and family office advisory platform. Mr. Matza currently serves on the Board of Directors (as well as audit and compensation committees) of Advisor Group Inc., a privately owned network of independent broker-dealers that was purchased by a private equity firm for $2.3 billion in 2019. He is also a board member at FinServ Acquisition Corp.

>>21827209
scam

>>21828805
Explain

>>21827296
how can a good project be a bad investment?
surely all good projects end up being good in the long term...

>>21828041
lol anyone can pay a Fed SVP to come speak at a conference. this isn't the Fed endorsing Algorand

>>21829342
No shit. However, these guys are all connected to each other. Algorand has a big chance at national adoption imo.. DYOR.

>>21829315
Bad tokenomics; every six month, and for another year, 50million tokens are dumped on the market, creating a huge sell pressure, toghether with staking rewards.
It's an almost XRP type of inflation.
Still, it's a really good project, and a great long term hold if you can buy It cheap

>>21830464
50 million is chump change. You could easily get one whale asking to OTC buy this.

been doing a ton of research on this coin. tech wise i would put it near the top but there are big issues with the supply distribution and decentralization.

their relay node program is whitelist only, and the rewards for this are 3.1b algos (1/3 total supply). they want "high powered hardware" with "low latency", so they selected some "universities" and friends aka themselves. the amount of hardware u need to run a relay node for a low usage network is nothing so this is bullshit that they blacklist participation.

the next 2.5b (1/4 total supply) belongs to algorand inc, and algorand foundation.

the next 2.5b (1/4 total supply) is for community sales, so they essentially own it

the next 1.9b (1/5 total supply) is staking rewards for voting participation and just having it in ur wallet i guess

i would rate this very low on decentralization, seems like 8/10 is essentially owned by the foundation. people will get dumped on for a long time

someone should fork it and fix the shitty reward system. this is an inherent problem with PoS. like, is running a shitty relay node and staking really worth that much? no

>>21827209
ready player 1

>>21831153

>>21830887
>someone should fork it and fix the shitty reward system
lmao. forks are a fucking meme to appease the impatient.

>>21831293

i agree forks are usually dumb but what about when the tech is good but there is a serious issue of a single entity controlling 90% of the supply