/biz/ - Business & Finance

>>49976195
Who are you?

>>49976208
I'm just an anon who cares about regulatory compliance and thinks it's pretty neat that Algorand will facilitate court-ordered asset seizure in the event of a user's divorce or bankruptcy! And it will even be able to blacklist antivaxxers and trumptards!

>>49976258
No

>>49976195
>>49976258
Weak fud
Seethe harder Raj

>>49976283
Oh nooo is your coin a gay piece of shit? Sorry for hurting your feelings

>>49976195
Wtf is this real

>>49976328
https://www.algorand.com/technology
scroll down to ASA's

>>49976322
>>49976406
> sorry for hurting your feelings
> made a seethe thread
> 4pbtid
Lmao
Please, keep crying faggot. Bet you're an hbar tranny too.

>>49976406
Uhhh wtf algorand
>>49976283
This is pretty strong fud I don't like this

>>49976463
...can you tell me why this isn't as bad as it sounds? I dont wanna sell my algies

>>49976463
>IF YOU DON'T LIKE THE ALGORAND FOUNDATION HAVING THE ABILITY TO FREEZE YOUR ACCOUNT AND FORCE TRANSFER ASSETS YOU'RE JUST A SEETHING JEET, OK?!?

anyways, I'm a btc maxi fuck all your gay shitcoins

if gov ends up going after crypto, wouldn't this be bullish for algo?

What’s wrong with having some basic protections against cyber criminals?

>>49976554
jeff bezos here and i'll shut down algo on aws as soon as the gov tells me

>>49976554
>>49976555
>i-it's actually bullish that the algorand foundation can force transfer your assets!
baggie cope

>>49976195
Assets on the algorand network don't have to opt in to these things. It's all optional stuff.

>>49976195
>anything that doesn't enable my child porn addiction is bad
kys

>>49976499
See >>49976582
OP is a retard
>>49976519
>>49976525
>>49976578
> I'm a btc maxi
Lmao nobody believes that you dumb nigger

>>49976590
>IT'S TO STOP MUH CHILD PORN
seriously? you might as well just keep your money in a bank

>>49976628
you think the algorand token isn't opted-in? the fact that the chain has this capability at all is gay. keep coping, it's not like you have any real arguments against how gay this is

>>49976258
>nooo I'm in it for the tech
You're seriously not gonna make it dude

>>49976710
well I'm sure as fuck not into algorand for the price action...

>>49976661
> 10pbtid
Lmao
Imagine seething this hard. Holy shit lol
Dilate

>>49976258
This is literally the future of finance. Cope harder. Global ID is coming and iso 20022 compliant cryptos will be used for their regulatory compliance

>>49976789
>4pbtid
Lmao, and still no arguments

>>49976796
algochads... I think we better get vaxxed

>>49976789
>Pbtid
Can gme plebbit tourists fucking kill themselves already? Can't believe that shit still has a non-negative mcap s m h.

>>49976195
Bullish for the future CBDC domination of finance.

>>49976634
Save it for the judge, sicko.

>>49976875
bullish for troons who will get your algorand wallet locked and assets transferred as reparations for hatespeech

>>49976896
Better to be the right hand of the devil than to be in his path.

>>49976928
Better to get boosted now so you don't lose access to your assets later.

sooo dont buy any ASA w clawback or freeze enabled? whats the problem?

>>49976803
> No arguments
What's there to argue? It's a government coin that's going to survive the bear market unlike whatever shitcoin you're bagholding.
> 13 pbtid
You're the shibaggies anon only you are in denial that you're a schizophrenic retard.
>>49976847
> pbtid is gme
You're only the newfag here retard

>>49976961
do you have a link that shows that algorand tokens don't have this enabled?

>>49976956
Not an argument

>>49977003
>Not an argu-ACK ACK

>>49976985
>PBTID PBTID!!! I"M NOT SEETHING YOU"RE SEETHING
OK Mr. 5pbtid, hope your health pass is all up to date. Also "retard" is hate speech, I'd be careful with that if you want to keep all your randies
>>49976992
It doesn't matter, if it isn't the foundation will enable it whenever needed. "Not your keys, not your coins" is a reality hardcoded into the chain.

>>49977003
>s-so what? vaccines are safe and effective you fucking chud!!!
so this is the power of "algochads"

>>49977054
> OK Mr. 5pbtid, hope your health pass is all up to date. Also "retard" is hate speech, I'd be careful with that if you want to keep all your randies

>>49977054
not how it works dumbass

>>49976992
https://algoexplorer.io/asset/329110405
go to technical info. clawback = force transfer from any account to another, freeze = lockdown. if there is no account for either, it is not enabled.

use algowallet asset manager to play with it yourself and see. it costs like .001 algo to create your own ASA.

>>49976661
> the algorand token
dude you have no idea what you are talking about and it shows
ALL CHAINS have these capabilities, there are just different ways of constructing it from the primitives provided by the protocol. The AVM just gives developers some shortcuts.

>>49977054
shutup retard faggot

>>49977520
seethe
>>49977258
cope
>>49977184
cope
>>49977166
seethe

>>49976195
so bullish on algo rn kek

>>49977610
Pretty mad for a btc maxi kek

>>49977638
>7pbtid

>>49977258
Objectively false, please tell me how the Ethereum foundation can rob my custodial wallet

>>49976195
At the start, I was unironically bullish on the technology. Then I learned the Algorand foundation mints tokens as carelessly and without inhibition like the Fed prints money, all the while mercilessly dumping on their investors so they can throw literally billions of dollars around on advertising, donations, and fucking FIFA sponsorships so they can pump the price and dump on their investors even more. Absolutely fake and gay piece of stinking horseshit high level scam.

>>49977645
It has nothing to do with the Ethereum foundation retard. I can easily create a token on the EVM managed by a smart contract that implements freeze and clawback exactly in the way they are implemented on the AVM and you described in the OP.
For example, USDC implemented freeze, which allows Circle to do this: https://www.coindesk.com/markets/2020/07/08/circle-confirms-freezing-100k-in-usdc-at-law-enforcements-request/
Just because Ethereum doesn't use the same terminology doesn't mean the capability does not exist on Ethereum genius.

>>49977658
There’s a permanently limited supply of 10 billion ALGO, it just so happens that the Foundation has something like 2-3 billion of them. Frankly, I’m glad they’re being so gracious as to let us buy their bags at such a bargain. $10 soon, $0.15 sooner

>>49977641
> 17pbtid

>>49977953
>"PBTID PBTID YOU"RE SEETHING WHY DO YOU KEEP REPLYING TO YOUR OWN THREAD"
>8pbtid
thanks for the bumps

>>49978074
> 18 pbtid
> he thinks I'm actually bumping his gay little seethe thread
Go back you actual newfag lmao

so b/c Algorand has these completely optional things for ASAs the OP thinks this is somehow very bearish for ALGO... this definitely is a /biz/ thread alright.

>>49978199
>9pbtid
>he thinks sage works while posting images

>>49978228
> 19 pbtid
> he thinks it doesn't

>>49976875
CBDC on any platform doesn't mean you get rich. The most likely scenario is they make a CBDC on their own private chain and use it to control every facet of your life. Only brainlets tend to think this is a bullish proposition

>>49978415
>10pbtid
>being this new

>>49978415
oh shit you're right lol

>>49978527
>they make a CBDC on their own private chain
Nah, they'll use ALGO, HBAR or XRP.

>>49978580

>>49976195
Like there isn't a huge use case for regulatory compliant chains you retarded tax evading shutin freak cunts.

>>49978590
I lied earlier, I hold algo

>>49976195

What a garbage shit algorand is.

>>49978532
>>49978558
You're both acting like cum drinking sissies

>>49978625
both of the posts you replied to were me

>>49978580
No they fucking won't. Funny how people with zero education in finance have come to this conclusion that their crypto is going to be used by Central Bankers. It's retarded, and I would be careful holding any of this shit, cause once the truth comes out, these fraudulent projects built on hopium will lose their valuations.

>>49978646
> both of the posts you replied to were me

>>49978665
I can assure you that multiple CBDCs will actually run on private Algorand co-chains while having bridge equivalents on Mainnet. It only makes sense, really. GBBC, MIT DCI, Project Hamilton etc. all approve. It’s just a matter of time, anon.

>>49979706
when moon ser

imagine not playing both the government compliance coins and the government dissent coins

>>49979706
ALGO is in the toilet which means insiders already know it ain't happening. Not all experiments work in the end, and we are set for a future where CBDCs are coming from permissioned chains - like the digital Yuan.

>>49979787
/biz/ just hates money

>>49979839
bro they're just suppressing the price to accumulate it's like link bro

>>49977774
Yet this is an innate, default feature on your shitchain? See the difference?

>>49979787
>>49979847
information asymmetry is a thing and you faggots holding ALGO bags are at the bottom of the pyramid. You're not actually holding the foundation of a CBDC like you believe - neither is HBAR or XRP.

>>49976195
I browse crypto reddits every now and then and I always hear them talking positively about ALGO. Virtually no one ever talks shit on ALGO. Is it a midwit trap? Is it actually the next big thing? Either way I’ll be stacking cos I dont think it matters whether any of the hype is true as long as midwit money is flowing it’ll surely pump next bullrun

>>49979856
It's not default you fucking retard. It's just an option developers have for implementing tokens on Algorand, and Ethereum provides exactly the same capability. There are usecases where freeze and clawback are needed, but it's not default and certainly not implemented on ALGO itself despite your earlier false claims.
If anything I prefer the way Algorand makes these transparent.