/biz/ - Business & Finance

>>53194192
OP, you arent actually retarded enough to thing that Algorand actually handles that many real transactions do you?

>>53194192
Internet computer, icp sorry anon

>>53194214
Anon, there's literally a block address you can verify yourself with the amount of swaps, it's in the fucking infographic. Literally plug in the 8 digits and you'll see how they actually did process ~10k swaps in a single block (3-5 secs)

>>53194192
>>53194214
>>53194341
Bullish, but why did it go down 20% lower than june lows? What's the catch?

>>53194991
SHIT tokenomics. Horrible distribution plus their foundation is hyper-incompetent.

The bullish case is that they're purposefully incompetent since that was what their connections with the SEC advised them to do (Gensler and Micali are really familiar with each other).

The bearish case is that it has been a failure from the get-go and they've tried to correct course a thousand times just to find themselves paddling in circles. At the EoD it's not a scam, just not a particularly sound investment. It does seem most of the pain (w/r to dilution) is over, but VCs have NEVER been ITM on it, so it looks like they'll likely be dumping sometime next cycle, if they haven't written it off altogether by now.

>>53194192
>Still the best tech
Are you sure about this Anon?

>>53194192
Algorands ease of use keeps me on it, cant see it making it past 2025 though, something flashier will take its place

>>53194341
Anon, think about it. Does it make any sense that an obscure network that never tops anyones smart contract list is doing 300X the amount of swaps as Ethereum? I dont care what a block explorer says because plenty of shit networks fake activity. Do you actually think those are real people making real swaps?

>>53195264
>25k unique active wallets according to dappradar

It's obviously bots generating the picture stats, its literally advertising from 2 dapps. Unique users are climbing though along with monthly DeFi volume, L1 contender for the pre-halving run

>>53195264
Who the fuck said it was organic, you fucking idiot. It's obviously a fucking stress-test, as are the other figures.

I hope this is bait, else OP could be a literal retard

Wow, you mean to tell me that 130 permissioned nodes with high end hardware and enterprise grade internet, located at strategic locations around the world to minimize hops in the network, hand picked and over-compensated by the Algorand Foundation themselves, make for a very fast and cheap L1 network? That's genius! I don't know why everyone doesn't just copy this simple trick. It's a technological breakthrough.

>>53194192
There is not enough liquidity on algorand for this to be meaningful. You can AMM swap $1000 max. Transaction volume is a more useful metric and Algorand is orders of magnitude behind ETH and even SOL/AVAX on that front.

>>53196140
>Permissioned nodes coordinate permissionless ones
>This is LITERALLY how our current internet infrastructure works
>"Y-y-y-y-you g-g-g-guys can't d-d-d-do th-th-that!!!"


You're in fucking denial anon.

>>53197372
>crypto
>permissioned

Any technological feat is invalidated.

>>53196821
A quick check on tinyman shows liquidity is over $5 mil. At all time high prices, that would have been worth close to a hundred mil.

That's just one DEX too. I'd say that's a respectable amount if liquidity

There is nothing innovative about increasing the gas limit dramatically and then running the nodes through a handful of giant data centers.

It's like saying VISA is the world's greatest cryptocurrency company because their "stablecoin" network is capable of running 50,000 transactions per second.

>>53194991
Because tech doesn't mean shit, normies are retarded and they don't care if your network does 10 or 10k TPS. Cute dog? To the moon!
>>53195264
News flash moron, being the first does not mean you will be the best. It was a network test (on mainnet) and it was done on a mainnet DEX. If that's faking it then everything, including ETH, is fake.

hurr durr stress tests aren't real throughtput and i love paying evm gas for carnie web3 because them's my sunk costs

>>53197414
>Imagine seriously thinking that any L1 isn't permissioned at either the internet infra level or through some shitty consensus mechanism.

NGMI

>>53198059
Ok have fun with your underperforming coin

>>53198314
Have fun with your underperforming blockchain.

>>53195195
it's easy to use to bad the foundation hasnt really capitalized on that

>>53200595
*too

>>53194192
>Still the best tech
That would be Fantom.

>>53194214
>>53195264
This is the kind of moron you should be trading against

>>53194192
im not sleepin, i got 30k on algofi

>>53195195
That flashier thing is probably a tricked out implementation of Vault, also designed by Algorand Inc.

>>53195195
Anything connected to MIT should be right. Unless you're fudding your own bags then continue.

>>53194192
premined banker VC shitcoin scam get fucked

best technology yet meta, adobe, ebay, amazon, mercedes, stripe, mastercard, starbucks, nike, flipkart, nubank, jp morgan chose polygon lmao

>>53194192
AMM swaps yeah. I mean, I watched a movie about AMM swaps on netflix last night and my co workers are always talking about AMM swaps at the water cooler.

>>53194192
i love how you choose to not include any L2s
who the fuck even uses vanilla ETH?
picrel can outperform algorand any day

I'm yield farming ALGO and some other token for 100% APR on an Algorand dApp. A-am I gonna make it?

>>53194341
It doesn't matter how much tps your centralized shitchain has if it doesn't have the tvl to saturate the capacity and it doesn't.

>>53194192
You're getting dogpiled in this thread but as a bagholder I want to legitimately ask what the highest you think the price of 1 Algo could go? I feel like a return to ath isn't completely out the question, but wanted to see your input.

>slower finality than avalanche (4.5 seconds)
>faking AMM swap statistics
>literally centralised

Into the trash it goes