/biz/ - Business & Finance

>>MADISON
https://testnet.algoexplorer.io/asset/12224638
>>WASHINGTON
https://testnet.algoexplorer.io/asset/12224637
>>HAMILTON
https://testnet.algoexplorer.io/asset/12224636
>>JEFFERSON
https://testnet.algoexplorer.io/asset/12224635
>>Federal Reserve Statement
https://www.bostonfed.org/news-and-events/press-releases/2020/the-federal-reserve-bank-of-boston-announces-collaboration-with-mit-to-research-digital-currency.aspx

Note - Other various parts of the world have already confirmed using algorand as their CBDC so that they can "depend less" on the U.S. Dollar. Do you think the USA will just let nations walk away from them without having some sort of power over them? Examples given:
>>Marshall Islands
https://www.globenewswire.com/news-release/2020/09/09/2090848/0/en/Council-of-Economic-Advisors-to-Ring-in-Marshall-Islands-Final-Phase-to-Launch-First-Auction-of-Sovereign-Subscription-Rights-SSRs-to-its-National-Digital-Currency.html
>>Southeast Asia asset 163650 on algorand
https://www.home.saxo/content/articles/outrageous-predictions/op-2020-asia-launches-new-reserve-currency-03122019#:~:text=To%20confront%20a%20deepening%20trade,making%20the%20ADR%20the%20world's

Interesting... I have a few algos so thanks for this.

Bullish

>>22410991
np anon

>>22410867
I was in your previous thread about the USDC minting. Is this the first domino to fall for the ISO20022 tokens? What is Algorand's connection to XRP?

Hi /biz/,

Silvio here. First of all, thank you for buying my shitcoin. The SEC requires that I notify you of the 10B coin supply that we will be continuously printing and dumping on you over the next couple years: https://algorand.foundation/algo-dynamics/

Please do not let this discourage you though. Our VC backers need your financial support to pay for our continued research (and hookers), and as a reward we will pay you a whopping 5% per year staking returns for holding your coins! Do not worry that our buddies are all running relay nodes which pay more and require no stake to operate. They promised us they will not immediately dump all those free coins they are receiving every day for doing nothing. And no, this is not at all like those scammy VeChain Authority Nodes. This is different because we’re white.

>>22411809
Kek. Still waiting for someone to answer this FUD. idgaf if the government is gonna use your chain if theres 10b supply and people getting millions of tokens for free so they can dump on you.

>>22411809
Will some nigger answer this?

Also I heard anons saying algo can go as high as 15$. I mean that’s nice but it isn’t fuck you money. That’s like the equivalent of owning a bond in the crypto world if it 25x.

>>22411809
based

>>22410867
I get why USDC is on ALGO. But why print 18.5 trillion? That’s like, fed level money. Or, due to decimal placement, does that actually become less on the algo explorer so it’s 18 billion? Or 1.8 billion

>>22411809
Hey, I know people have their concerns and FUD. I never mentioned to buy algo or the price. I'm only pointing out details about what we're seeing from an adoption standpoint. I do think the market cap of algo will be more than 20-30 billion soon so I'm fine with it. Everyone knows it's a long-term hold and I do believe it's a safe hold at that.

>>22411523
I do not see any correlation between xrp and algo anon. Not sure why the previous thread was taken over my xrp schizos.

>>22412350
Because of this.

>>22412350
whats up with the xrp thing anyways? Is it pushed on q or something? I've swung it once or twice, but the technology isn't anything special. it seems to be purely meme hype from alarmists.

>>22412383
also, I've seen this shilled a lot. where does this come from? I can make some charts on visio and feel like I'm communicating a lot, but I'd really like to know where so I can do some more digging myself.

>>22412034
those people are shills. even if ALGO reached ETH market cap it would be under $5.

>>22412383
Right, but there are multiple parts of the ISO within as your picture describes. Algorand is completely separate from XRP.

>>22410867

>>22411928
Algo is betting that their ecosystem will support projects big enough to justify the 10B supply. Will insiders dump? Yup. Will it matter in a few years? If Algo is right, then, no it won't.

Think of it like getting shares of Facebook pre-IPO. The investors, insiders, and banks are totally gonna dump on you, but the thing grew so big that you still made money - a lot of money - if you kept it.

That's what ALGO is betting on. If you're buying it now, you're betting that ALGO is the best chain out there. If you don't think it is, don't buy it. ALGO is looking for mainstream corporate partners, not /bizraelis and street shitters. Corporates don't care about the token supply, just performance on the chain. That's what ALGO cares about, and the big supply is partially to "reward" (bribe) new partners. That's life. None of this will matter if ALGO is as good as advertised - it's a game changer. But it might be 2022 before you see the value. I will still want money in 2022 so I hold ALGOs. Steaks are good too.

I see all the UniTurd coins (restricted supply, insiders locked up for 30 years). That's gambling. There hasn't been a use-case for any coin except BTC, ETH and LINK. And the only way you made money on those was buying them cheap and hanging on for years.

>>22412798
XRP is a lot of beginners first purchase. Years ago it seemed promising with partnerships and banks looking at it so it was shilled like crazy here. A lot of bag holders from the $1+ days. For a lot of new people looking into cryptocurrency, XRP is their first "Alt" purchase. I've also had people IRL ask me about cryptos and a majority of them always say something like, "okay neat, so what's your opinion about Ripple?". In my honest opinion, it has become a shit coin to keep newfags poor.

>>22413073
Thx anon, didn't feel like typing that myself after typing two walls of text on the original kek.

>>22413085
Xrp has been steadily growing bank connections, it's entire purpose is to capitalize on transnational banking, and so far it's far exceeded any competition

>>22412985
I've been here forever and I've never known where the fuck this gif is from

>>22413400
Checked. Same anon it gives me a good chuckle every time I see it.

>>22410867
I was in your 18 trillion USDC thread, OP. Was it also you who made the Marshall Islands thread hours ago?

Anyway, thanks for the breadcrumbs. Holding 5000+ ALGO and will keep an eye on this.

>>22413073
Ok but waiting 10years for it to "moon" to $5 isnt an optimal investment. (Unless you bought a mega stack super early).

One of my friends works on the digital dollar project and he has corroborated your point about them using an existing chain. It's going to be R3 Corda.

>>22413744
No I've only made this thread today anon.

>>22411809
Daily reminder that this guy is in every thread for coins that threaten ETH and LINK spreading FUD.

>>22413744
the marshall islands are basically owned by the united states. It seems like the CBDC there is just a test run for a larger deployment in the states. all signs point to ALGO being involved. it works so much better than ETH or any other project for this use case

>>22414773
bump

So xrp, algo, xlm are stable coins. CBDC becomes algo and the most you'll see it worth is $1?

>>22412383
They all do different things. Algo might be worth $1? Like 1 ACTUAL dollar?

>>22415663
Let's say a barrel of oil is $50 and a company like exxon mobile is trading at $100. Barrel goes to $60. What happens to exxon?

>>22413789
Agree. I think the picture will get clearer (better or worse) within a year and we can have a sense of what direction ALGO will go.

I’m using the uncertainty to stack and stake and eat steak. I believe in the project based on my own research.

>>22412827
Ya me too, supposedly some update July 26th. Not sure, don’t remember the context from the original anon who posted

>>22412896
I believe the diagram is supposed to show how each “micro system” works interoperable with each other in the “macro system”.

>>22415663
CBDC will not be on a public chain. Is being developed on a new chain by a private company (R3 Corda).

>>22412383
>>22416454
with no supporting information, this diagram is worthless. It's describing relationships, but of what kind? What is the nature of the system described? This image explains nothing. No, worse than that, it explains whatever I want it to explain.

Trusting this quality of information or giving it any level of relevance is silly.

Algorand is going nowhere fast. Nice try at unloading those bags, anons.

>Total Supply 100,000,000,000,000,000,000 ALGO

>>22416874
^

I mean technically if you look at the big picture (for XRP) it's worth a lot more than the first year or two of it.

Hoping Algo will do the same

i only have 160 algos lads

a lot of text, should i buy this yes or no, and Y, FAG

>>22417438
and i only have 600. Its okay, keep accumulating. in fact i'll be allocating more of my biweekly buy money to ALGO

>>22413367
you’re talking about Ripple. Ripple as a company is doing fine but XRP is just a shitcoin that nobody uses and it does not give you equity in Ripple.

>>22410867
Im buying this and xrp because of jews

In last week's thread I mentioned the digital dollar requirement by 31st December 2020.

>>22410867
Obviously it's (((their))) coin

>>22411179
Thank you anon I have 1k algos. Will I make it?

>>22418184

Even if you had 10k you wouldn't make it.

>>22418470
Why?

>>22418184
you'll make it. Dw

>>22418676
;__; thank you anon.

>>22413789
Just buy $100 worth of ALGO every month for 10 years and you stake it offline so you earn more.
>(Unless you bought a mega stack super early).
you are still early.