/biz/ - Business & Finance

>>52779647
based

Slurping cheap ALGO now.

>>52779647
Enlighten me Op

>>52779647
absolute shite

I bought at $1.60 and now I'm down almost 90%

>>52780933
Buy more.

>>52780880
The only copy pasta I have
>Imagine if the MIT professor who invented zero knowledge proofs and verifiable random functions decided to completely rework the concept of a decentralized smart contract blockchain. That professor is Silvio Micali and that blockchain is Algorand. Pure Proof of Stake is non-dilutive and actually allows for all nodes to get a chance at participating in consensus without concentrating the supply of ALGO into the hands of a few whales. Smart contracts time out and pay for storage by locking up ALGO so gas is unnecessary, fees are a formality to prevent spam. all transactions are final the instant that their block is confirmed, and blocks consistently confirm every 4-5 seconds, with a long series of upgrades on the development pipeline. It is a statistical impossibility for Algorand to fork. Once the currently slow and gradual release of ALGO ends around 2030, Algorand Standard Assets (ASAs) will actually make ALGO deflationary since 1) in order for a wallet to interact with any ASA, it must “opt-in” to it with a transaction, and 2) for each ASA a wallet is opted in to, that wallet must hold 0.1 ALGO. While that metric can be changed through governance, it can only go as low as 1 microALGO (0.000001 ALGO).

>>52780933
>>52780955
>>52780988
Checked those digits.

> Lowered average buy from 1.9 to .8
When will things get better bros

>>52780988
Do you see Algo being a frontrunner in a future bull run?