/biz/ - Business & Finance

Lol on what planet

>>30273185
>Change my mind
low effort. shill the wallet to your friends and family. It's the best way to experience "crypto" at the moment with the usability, availability, and of course the yields gained by staking.

>>30273185
>destroy every single competitors on all dimensions.
lmao not even fucking close

>>30273326
>It's the best way to experience "crypto" at the moment with the usability, availability, and of course the yields gained by stakin
nope again not even close

>>30273185
Is 2k ALGO enough to make it? I got in late.

>>30273185

>>30273419
Not even fucking close.
Look at the MC.
Look at the supply.
1) Youre late.
2) Massive supply

>>30273185
I just need it to pump a little more to cash out my cost basis and let that baby stake til 2030

>>30273419
Fuck yeah >>30222133

AALLLLGGGGOOO TRANNNIESSS
WE ARE GOING BACK TO 0.99 C AGAIN

I wish a candy day for all randy holders.

>>30273419
Just to put it in perspective.
At 1B circ supply (its 850 million rn) Algo would be a 10 Billion dollar MC just to hit $10.
And guess what?
Thats only a TENTH of its max suppy!!!
LMAO
Seriously if youre holding Algorand and you arent a child or a senile 90 year old man, something is wrong. There are so, so many better investments.

this coin does nothing that others dont already do better or claim to do better. just another shitcoin run by cringe twitter marketers

>>30273185
Can someone make a thread with this vid
They sent 100usdt around 4 countries in under 2 mins...

This will fuck everyones brain
Cant make threads.

Cheers
Algochads
For the boys !
https://youtu.be/tPdzyu5aa4Y

>>30273934
>muh marketcap metric for currencies

>>30273391
okay, which chain have you already help get your friends setup in? how is their wallet app functioning? transaction times? what are you using?

>>30273934
>better investments.

>>30273934
There was a post last night about how much Algo has been burned by being sent to an unrecoverable wallet and how much lower the supply was than is listed. Lower by billions.

>>30274575
wow really? where?

>>30274575
I should've saved it but anon did a lot of research. Had the address of the wallet and was able to calculate how much it held by how many rewards were sent with the empty transaction he sent to it. Was gaining something like 40 Algos every 9 minutes.

>>30274858
how did he know/prove it is unrecoverable?

>>30273934
There are over 4.7 billion coins in circulation right now, anon.

https://algoexplorer.io/

Your FUD is verifiably wrong.

Ngmi

>>30274858
how many hours ago was the thread active? I want to try and find it.

>>30275367
whats the difference between online stake and circulating supply? There are 2 billion which are circulating but not "online staked", what does that mean? They are in wallets that don't pay yield?

>>30273185
you meant
>10 trillion

>>30274113
Thise coin literally does everything better than any other competitor even dares to lie about their coin. Ada is faggotcoin for trubo homos.

>>30275542
Well I'm in Pacific Time Zone, and it was yesterday. It could have been as early as 10:30am or as late as 8:30pm. Sorry I couldn't be more help, I should've screen shotted. My day is hectic during the week. It was a new post, not a comment.
If you do find it please repost, I'd love to get a screenshot.

>>30275542
Also, I'm an idiot and don't know how to search archived threads but if you give me a quick run down I will help search.

When is this shit going to stop dropping

>>30273419
Decent suicide stack. 10k is make it.

>>30273934
Blatant Filipino FUD

>>30274113
Sure. Turing award winning MIT professor is just in it for quick buck.
Retard...

>>30278106
that site is incorrect.

the correct circulating supply is on algoexplorer.io.

keep seething

>>30274575
>>30274858
>>30277347
>>30275133
>>30275542

It's quite simple. Every address on Algorand is, by default, eligble for rewards - they are gained passively, whether you want them or not.
In order to burn tokens the Algorand Foundation sends the tokens to a burner address that cannot be accessed by anyone.
This address is, by default, gaining rewards based on the funds it is holding.
There were two events of coordinated token burn carried out by the Algorand foundation:
>2019 ~20mil
>2020 ~5mil
So the burner address is gaining rewards based on 20mil since 2019, and based on 25mil including interest of the span between 2019 and 2020.
Do the math and you'll see that most of Algorand's supply is steadily being siphoned away by that burner address.

the amount of fud, hysterical aggressive angry fud, that has built up around this coin the last few weeks is making me very bullish. The most substantial claim they make is it's a SJW coin based on a single tweet, and that's not very substantial at all. They never back up their other claims in any way

>>30278411
Addendum: Ignore the interest. The burner address cannot claim the rewards. Still then, the question is: are these 'reward' tokens being double spent? Are they lost? What's up with them?

big cake is enq, that is what you should check now
look at it and tell me that I am stupid
check their PoS and PoW algos, if you smart you will learn everything

>>30274575
>>30274858
>>30277347
>>30275133
>>30275542
>>30278513

https://www.reddit.com/r/AlgorandOfficial/comments/ly02yt/send_your_zero_transactions_to_this_wallet_burned/

can't even search archives LUL

leddit had the answer.

as per usual, people on 4chan are the true retards.

>>30278513
Addendum2: Thinking about it, all it requires for that burner address to claim rewards is to participate in a transaction.
If you send an empty transaction to the address, the address should automatically claim its rewards.

In short, looks like you can break Algorand just by sending empty transactions to this burner address.

>>30278411
>>30275542

This.
Original post showed all the proof and extrapolated numbers but exactly this. Thank you for explaining.

>>30278633
Ah, there you go. Judging by that post, all the metrics in regards to circulating/network supplies are completly fucking broken and do not reflect reality whatsoever.
How the fuck will they even try to fix it?

>>30273185
VC shitcoin. Just like AVAX and HBAR.

>>30273934
There are 4.7B coins in circulation, and marketcap of $47B isn't much taking into account it's tech, partnerships, and connections. And ofc most importantly you need to remember, that this market will not stay forever in the same place. Bitcoin isn't done pumping, and most probably is going to reach $100k this year. Alts will easily do 3-5x still, and good ones like Algo can 10x with ease. And 10x is all I need to make it with my 150k. Kind anons tell me. Is there a safer way to 10x, than Algorand?

>>30274206
>>30275367
>>30277797
>all of this cope
This anon shed light on your 1 dollar stablecoin, start dilating trannies.

>>30278633
Thanks for being the hyper tier level austist that you are. Sadly I don't have the time or inclination to save this kind of stuff for posterity or even understand it beyond a pragmatic level. I'm also trying to get ready for work over here.
Also why the fuck would I search archives of 4chan? I remember in useful terms everything I read. I already saw the proof and though it's nice to help fellow anon, they can dyor my claim.
>Less Algo available than is listed because fancy math.

>>30278513
The way I understand it is the only thing eligible for the rewards are what is currently being staked. And if a wallet is called upon to take part in consensus mechanism and they are not staked, then an other wallet is picked immediately until one is randomly chosen which is actively staked.

>>30273185
I'm getting rich with this shit!

>>30278411
>most
>25million
>4.x billion in circulation
ngmi

>>30278411
>more scarcity means my coins will be worth less dood!11!
>unironically being this retarded

>>30279137
Compounding interest, mate.
>>30279064
So, they'd be required to keep the address occupied 24/7.

>>30279234
At what point have I touched on price? I am speaking about plain supply and how this nonsense plays out longterm.

>>30279356
where do you think the staking rewards come from?

you do they that they have a limited supply, right anon?

yeah I'm reading the plebbit stuff and it's not looking that exciting. It's nice to know the rewards are going into a supposed black hole, but they injected 700 million Algo over the past month. Keep it rational.

>>30273185
>LE epic maymay killer
>Completely private, centralized and zero usecases

>>30279554
>where do you think the staking rewards come from?
Not from this address.
>you do they that they have a limited supply, right anon?
That is the point. Unless the burner address can be utilized again (which it hasn't, there has not been a single outgoing transaction), the project is bleeding supply. It is not being redistributed, nor is it being used for that matter.

>>30273310
Algo will be the primary currency of Elon's Mars colony in 2030.
Screenshot this post.

>>30279765
>How the fuck will they even try to fix it?

anon, what are you smoking? why would you want them to fix this? it makes the value of your stack higher.

let me guess, you don't have a stack, do you?

It's not even close friends. There is no issue whatsoever with burner adresses. People on plebbit are even saying we should send some 0 algo tx to the adresses to increase black hole effect and increase scarcity.

But people keep talking about the same stuff, and completemy overlook, imho, insane aspects:
- no fork guaranteed
- layer 2 is included in the protocol
- we can fucking program in Python, bye solidity...
- Documentation is CRISTAL FUCKING CLEAR.

Algorand is "the last blockchain", there is no need for improvement, it covers ALL future and present usecases. That's why it's fudded like crazy, and it's only the start

>>30273310
Earth and around it. The only place humans live duh

>>30280495
>let me guess, you don't have a stack, do you?
I do, and I am in it for the money, too - this does not inhibit me from talking about this project or any other and posing questions.

For all I care the whole industry can burn to the fucking ground - after I've printed enough money to fuck innawoods for the rest of my life.

>>30280625
>we can fucking program in Python,

Hi friends I want to thank each and every one of you for helping me decide what to invest in. I sat down with my wife the other night and showed her all of the facts and after a long discussion we found it best to put our $600 in Algornd. She understands that this is what it takes to be millionaires someday and change things for the best and for our children. After some ethereum fees and mishaps along the way we now have 504 Algorand. Thank you friends! My daughter made this "meme" for you guys. Have a wonderful day. To the moon!

>>30281036
All of your fud is impotent rage. You can still get in for around a dollar, or just keep trying to train with a penny if you want. Either way you are completely inconsequential and full of shit.

ive been trying to sell my bags for like a month now

t. bought in at 1.20 early feb

Algochads should look into DEXTF and grab a bag before that shit explodes. Going to be huge for defi being built on algorand.

>>30281744
it was 1.25 yesterday you fucking dummy

>>30281404
This is that gayest most faggy sell signal I’ve ever read.

>>30282064
dont i deserve a x1.5 at least for holding the bags this long?

>>30282028
Save you lads the trouble looking it up.

https://twitter.com/dextfprotocol/status/1367307776158932992?s=20

>>30281404
A master of FUD.
Stealing this format.

>>30280625
You can also code in java, javascript, go, and there is also clarity

>>30281231
>>30282511
>python
>fucking JAVASCRIPT

REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>30273185
>makes a bunch of retarded claims about his current shitcoin with nothing to back up why it's an everything killer
>c-change my mind
Who would even give a fuck about changing the mind of a retard.
S And H

>>30282576
those are compilers for developers. how else are you supposed to get developers to embrace an decentralized economic model without appealing to the two most widely knowing languages?
The actual chain is in something like assembly

just moved another 100algo off of cb into the algo wallet, comfy

https://www.youtube.com/watch?v=tPdzyu5aa4Y

https://www.youtube.com/watch?v=h7woE6JjauA

>>30273185
algo has shit tokenomics.

>>30285361
that's debatable. since it is proof of stake, the biggest holder in terms of percentage has the most influence on the chain's governance.
If you want to govern algorand, you need to own a lot.
now imagine an economy in which many competing interests have this same goal.

>>30274191
Holy fuck

Posted this yesterday, but still having a tough time deciding if I should double down on Algo or diversify into hbar