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File: 57 KB, 800x419, algorand-2.jpg [View same] [iqdb] [saucenao] [google]

22781779

Anonymous Thu Sep 24 11:04:55 2020 No.22781779 [Reply] [Original]

Here it is /biz/, the actual ETH killer. Are you surprised? ETH is old, inefficient, unscalable and costly at present with no fix in sight for years.

>ALGO trumps ETH's 15 TPS with 1000 TPS.
>ALGO trumps ETH's high fees coming in at only 0.0004c per transaction.
>ALGO trumps ETH's transaction times with a finality of 4.5 seconds
>ALGO is already seeing widespread adoption across the board with the national digital currency of the Marshall Islands set to launch soon, USDC moving over to ALGO alongside ETH (and will no doubt switch 100% to ALGO alone).
>Let's not forget the 5.6% interest gained from staking ALGO that requires 0 Effort.
>ALGO team is insane and is made up of turing award winners and MiT members.
>Tech is already outstanding for a 1 year old project.

"But muh ToKeNoMiCs". Get the fuck out of here with your extremely lazy FUD. No one wants to hear it.
"But muh YoU'Re geTtINg DuMpEd On". Fucking idiot these are the staking rewards program. https://algorand.foundation/stakingrewards

I don't know what else to tell you, Anon. If you aren't stacking ALGO, you're never gunna make it.

>>	Anonymous Thu Sep 24 11:06:30 2020 No.22781814 Hold this shit for 5 years if you actually want to be in the green

>>	Anonymous Thu Sep 24 11:10:26 2020 No.22781905 the real beauty of Algo is staking. Once CBDCs are minted on Algo its pretty much a high yield savings account

>>	Anonymous Thu Sep 24 11:13:51 2020 No.22781985 However to be fair, I dont think Algo is a competitor with Eth because Algo is focusing on Finance. I could see Eth as being the "public" blockchain. While Cardano is enterprise and Algo is financial institutions.

>>	Anonymous Thu Sep 24 11:14:01 2020 No.22781991 >>22781905 you're right however inflation will be an opt in feature for cbdc's. the SoV for example has a fixed 4% annual ROI.

>>	Anonymous Thu Sep 24 11:14:53 2020 No.22782014 I’m starting to not like this algo copypasta.

>>	Anonymous Thu Sep 24 11:15:27 2020 No.22782027 Disregard this post.... fantom is wayy ahead and is closest to being the eth killer

>>	Anonymous Thu Sep 24 11:22:05 2020 No.22782172 When US Dollar powered by Algorand? I can't fucking wait, this shit will explode!

>>	Anonymous Thu Sep 24 11:23:29 2020 No.22782213 >>22782014 I'll have to think up a new one

>>	Anonymous Thu Sep 24 11:24:38 2020 No.22782237 >>22781779 Should I keep accumulating? I have about 480 right now. Was thinking of buying about $25 worth every month.

>>	Anonymous Thu Sep 24 11:36:55 2020 No.22782530 >>22782237 I would if I were you

>>	Anonymous Thu Sep 24 11:41:43 2020 No.22782652 but what does the token do?

>>	Anonymous Thu Sep 24 11:44:25 2020 No.22782721 >>22782237 Of course, specially with these low prices. This is a rugless coin.

>>

Anonymous Thu Sep 24 11:49:41 2020 No.22782832
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>>22781779
Complete garbage tokenomics. Where are the smart contracts? Where is the framework required to build ALGO-based tokens?

All you're talking about is "it go fast, it cheap and stake", but you can do all these things with a pisscoin like NANO since 2017. What unsolved problem does ALGO address? Literally none.

And don't get me started on the "national currency of the MARSHALL ISLANDS", reading this made me fucking kek.

>>	Anonymous Thu Sep 24 11:49:51 2020 No.22782843 >>22782237 at a 10k, you make ~1 ALGO/day keep the accumulation going. this is just as long term as LINK, frens

>>	Anonymous Thu Sep 24 11:58:02 2020 No.22783059 >>22781985 Shit take

>>

Anonymous Thu Sep 24 12:02:18 2020 No.22783167
File: 27 KB, 654x278, C21D3301-620B-4287-BCCC-9D486865522B.jpg [View same] [iqdb] [saucenao] [google]

>>22781779
Reminder Cosmos does 10,000 TPS (10x) and 10% staking returns (2x) and has actual developer adoption unlike this 10 billion coin supply pyramid scheme

>>	Anonymous Thu Sep 24 12:04:35 2020 No.22783247 >>22783167 Cosmos has also an infinite supply

>>

Anonymous Thu Sep 24 12:05:32 2020 No.22783286

>>22781985
You’re retarded there is zero reason to split those things up onto 3 separate blockchains everyone will continue using ethereum as they always have and cardano and algorand will remain ghostchains as they always have been. Your arbitrary classification of algorand as the “finance” chain makes no sense and is pure cope.

>>	Anonymous Thu Sep 24 12:06:36 2020 No.22783327 >>22783167 SENTINEL TEAM DELEGATED 500K ATOMS BY COSMOS TEAM SIR ! COSMOS BEST CHAIN TENDER MINT CHAIN ATOMS SENT COIN SIR

>>

Anonymous Thu Sep 24 12:07:49 2020 No.22783368
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>>22781779
I just love how normies get into crypto, watch a top 100 coin do something, "research" it (or more accurately, read well disguised advertisements) and just shill it, shill it, and shill it. They're so sure in their heads that they got the one, they're so smart, they literally can't go wrong. They go into the coin's telegram, they're finally, part of a community. Cult member status, achieved, herd mentality, activated. It's us or them. Their coin can't do wrong. It's a top tier dev team. Mainnet soon. Partnerships. THE TECH.

>>	Anonymous Thu Sep 24 12:07:50 2020 No.22783367 >>22783247 Kek people say that about ETH too but let’s just ignore that Cosmos has 7% annual inflation compared to algorand’s 100%+ inflation right?

>>	Anonymous Thu Sep 24 12:12:06 2020 No.22783522 >>22783368 How does smart money like you get into crypto? Which ones do you own?

>>	Anonymous Thu Sep 24 12:12:45 2020 No.22783539 >>22781779 Ngl they do have some very impressive connections and funding

>>	Anonymous Thu Sep 24 12:13:55 2020 No.22783578 >>22783167 Does Cosmos have the connections of Algorand?

>>

Anonymous Thu Sep 24 12:16:19 2020 No.22783651
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>>22783286
Ethereum will be the "public" block chain. Anything DeFi on Eth will migrate to Flare.

>Your arbitrary classification of algorand as the “finance” chain makes no sense and is pure cope.
Pic related, DYOR. CBDCs will be minted on algorand.

>everyone will continue using ethereum as they always have and cardano and algorand will remain ghostchains as they always have been
Your ignorance to world events does not equate to sound reasoning. Regulations will mold the crypto landscape. If you aren't paying attention to who is included in those conversations that's on you.

>>	Anonymous Thu Sep 24 12:17:22 2020 No.22783688 >>22782843 It's about 7,000 ALGO to stake 1 ALGO a day.

>>

Anonymous Thu Sep 24 12:21:04 2020 No.22783800

>>22783578
Algorand has zero connection to the business world they are academics that have never had a real job which is blatantly clear based on the absurdly retarded tokenomics. And yeah Binance Chain and Crypto.com both run on Cosmos two of the largest and most powerful orgs in crypto.

>>	Anonymous Thu Sep 24 12:22:21 2020 No.22783829 File: 7 KB, 250x249, 1569602513013s.jpg [View same] [iqdb] [saucenao] [google] >>22783368 Sry no much to shill Im ex miner and now big LP on eth dont own shit but farms and some eth Im here for money not coin wars

>>

Anonymous Thu Sep 24 12:25:30 2020 No.22783917

>>22783651
I can tell you’re one of those XRP XLM ALGO shills. Pretty hilarious how youve conned all these reddit newfags into buying these depreciating shitcoins but don’t you get sick of constantly losing money month after month year after year while the founders and their VC buddies get richer and richer?

>>	Anonymous Thu Sep 24 12:25:31 2020 No.22783918 >>22781779 Algorand will never be successful. If Eth 2.0 fails, Cardano will be successful. However it's still too early to invest in that speculation.