/biz/ - Business & Finance

And don't even get me started about the tokenomics, I mean, look at the supply! See how much the Foundation and VC's own?

You will be dumped on anons.

this is the blockchain of the military industrial complex, shame because the tech is dope

it's cardano all the way btw

>>28675867
you don't understand how it works

>>28676521
That's bad why? Do you really think crypto is going to take down the MIC or the gubment. Those that succeed will be those that are adopted and used as tools to crush the little man -- HBAR, ALGO

>>28675867
this 100%
the tokenomics are so fucked the foundation actively controlling supply is the only thing preventing vlue diluting itslef to zero
The moment the don't want to play ball, they don't even need to do anything, just to stop doing what they are doing, the retarded distribution model will take care of the rest.
Shame, everything else about it is A, but it's a rugpull waiting to happen. Turns out maths nobel prizes don't guarantee understanding of supply and value theory

>>28675867
how much algo do I need to make it?

>>28675867

>Algo fuds now
No longer comfy guys ):

>>28675867
It's literally a Jew coin, look at the team. They won't lose. Seethe harder, faggot.

FUD is getting better every day

>>28675867
old but quality fud. however, serious question, does it even really matter for those of us who just want to see gains?

>>28677215
It might do well in the short term, but know that there is still 85% of the supply waiting to be dumped on you in the next 9 years.

>>28677580
Furthermore, there is no concrete incentive plan for nodes after those 9 years. That's why Algorand needs to collect all the transaction fees themselves, to pay VC's and Universities to run the nodes to make it look decentralized.

>>28675867
I still hold 5% of my portfolio in Algo. May as well hedge against a possible glowie takeover

>>28677751
>>28675867

Best FUD yet here we go.
You can run your own node for 1 ALGO.
You do not gain anything for running a node except for helping the network.
This gets rid of any need for "pools" once you start having pools it becomes more centralized.
So, would you rather have 8000 nodes (ETH) running off a few pools, or the as many as you want? (algo currently has 1600).

Now with the fee sink
Of course the algorand foundation own the fee sink fren!
That 85% of supply will be "dumped" on us by the means of get ready
>8% APY

>>28676521
>blockchain of the military industrial complex
Thank you, just bought 10k

Algonauts time to check in, this is our new general.

>>28677144
>>28679433
This confirms it too btw.

Algo finally has dedicated fudders. We are in the big league now fellow algochads.

>>28679433

Sure, you can run your own participation node, but the relay nodes route the transactions first so they decide which transactions participation nodes can approve.

Again, Algorand maintains the list of relay nodes. This is a completely permissioned, centralized system, maintained by ONE organisation, namely the Algorand foundation.

So yes, I would rather have a couple of Eth staking pools (which is also not ideal, agreed) then just one organisation managing the supply, the fees and the rewards.

I think you should too.

>>28680957
I had a big smile when I saw this thread
We are forever comfycozy, hows your 8% doing?

>>28681020
It's premissionless, please continue though maybe us algochads missed something

https://www.algorand.com/what-we-do/technology/permissionless-blockchain

>>28681040
Just claimed my daily three free coins this morning. By 2025 I will be retired and the OP will be shilling KFC coin for $100

>>28681281
We are going at the same rate then, i'll still be here when I make it, will you?

>>28681280

No, of course it's not on their website. You have to dig deeper. This is from the Algorand developer portal:

''A node is a valid relay node if two things are true:

- The node is configured to accept incoming connections on a publicly-accessible port (4161 by convention).

- The node's public IP address (or a valid DNS name) and assigned port are registered in Algorand's SRV records for a specific network (MainNet/TestNet).''

Guess who owns the SRV records?

Proof: https://developer.algorand.org/docs/reference/node/relay/

Yep, exactly why I prefer cardano and polkadot

>>28681429
>>28681281
Recommend me a desktop wallet and not a mobile wallet for algo, chads

>>28681429
I will check in every now and then to laugh at the fools chasing pumps on pajeet shitcoin scams.

>>28681281

By that time I will be comfortably living from my IOTA stack.

>>28681682
Who cares. I only care about investing in the crypto that will be adopted by the powers that be and thus make me money. There isn't going to be a decentralised revolution so stop sperging out about your autistic fantasies. They own and control everything, and they always will.

>>28681750
Lol kek - you come in here and FUD Algo, we take OVER the thread - and then you shill IOTA - 2017 shitcoin with barely any volume - Algochads stay comfy - get rekt anon

>>28681836
lol true
>>28681682
>It's not on their website!
>Posts link to their website
All you do is tell them you want to be added who cares

>>28675867
permissionless innovation! we got premissionless innovation here! see? noone cares. nice hat

haha, the zealousness all of a sudden...bye bye 90-110 IQ anons

>>28682818
Nobody is zealous here and isn't that just the average IQ?

Thank you my dear sir i will do the needful and sell