/biz/ - Business & Finance

>>55691199
Also check 'em, the dubs don't lie

>>55691199
checked and i sold at a loss 2 wks ago, converted to btc so eventually i'll make up for it

>>55691199
really? damn guess ill sell my stack

>>55691746
Nigr in ur id , fucking kek. I’ll keep stacking algo in there prices.

>>55692618
Keep stacking that underperforming shitcoin anon!

>>55691199
I just reached 100k of these. Will it go to at least $10 in the next bullrun?

>>55693514
Depends who did the creator sell their remaining tokens too?

>>55693600
Silvio sold?

>>55691199
99% of crypto projects are scam and clown coins

>>55691199
Why go through the trouble of fudding a scam? Unless you know something that we don’t and you want us out for that reason

>>55693929
Cause I hate this shitcoin. You schizos always overcomplicate everything

>>55691199
>ctrl-f
>only Algorand thread on the board.
>LE SCAM
>red ID

Looks like a good bottom signal to me.
>captcha:AHASH
SO SHUSH

>>55694360
>bottom signal
That's what baggies think for years but there's no such thing as a bottom signal for dead coins

>>55693514
you would be very fortunate to get 0.75

>>55694427
it's true people have been saying this from $2 all the way to 0.10. hell it's down 70% from what would have usually been an obvious bear market low. I personally think 0.6-0.8 is the bottom, that said there really is not much upside and the opportunity cost is the huge thing. This shitcoin is never getting much past 0.75 ever again. It's irrelevant now and has nothing but a litany of failures to show for it's progress

>>55694512
Exactly. Algorand has become just like every other community of coins that died in past cycles. It was the EOS of the previous bull run, except EOS actually peaked in the top 5

>>55693514
>$10
>ten
>fucking
>dollars
If it reaches a single dollar, every current bag holder is hitting sell and running for the exit

>>55691199
>The Academics Coin

That was enough for anyone with either a high or low IQ to gather the project was going to go nowhere. Eggheads can’t get shit done and jerk themselves off mentally about how they’re the greatest thing since sliced bread without ever doing anything. Algorand was destined to fail.

Staking was a mistake overall

>>55691199
Honestly idt anybody needs to be reminded at this point.

>>55694709
The academics coin is Cardano. Algorand is the engineers coin. They actually got it done, built a great scalable blockchain that is way more pleasant to use than almost anything else on the market.
Yes, the tokenomics are horrible and people who bought at the top got dumped on shamelessly by the VC insiders, but that's a different argument.

>>55694854
>people who bought at the top
It's struggling to get away from its ATL. You're not doing well if you held, regardless of when you bought. We're here to make money so your useless tech can fuck off

I am actually just waiting to these bastards got a bounnty over them going on arkham, wonder what would it be the starting price

>>55695301
last one I knwe waws about 70k maybe one over algorand get one over 100 or so.

>>55694854
They built a centralized PoS that would literally cease to exist the moment the Foundation steps away from running it

>>55695366
that's every proof of stake long term. it needs constant human intervention, tweaking, and balancing of the financial incentives.

>>55691199
checked

Semi-insider here once again reporting for duty. After having some conversations with some executives from the foundation I'm cautiously optimistic about the turnaround. Also, current leads from Inc are extremely pragmatic and really talented. I think the project is picking up slack, only time will tell if it's too late or not. Some projects that are building on Algo from decks I got seem promising. A few have their tokens out and since they're mainly Algo-paired right now is a good time to buy them. No, I can't name them, idk if all potential investors got sent all decks so not gonna risk it w/r to that.

but algorand centres and supports womxn, bigot

>>55695697
Daniel can you start answering your fucking emails?

>>55695697
Does the foundation even give a shit anymore

>>55695697
.After having some conversations with some executives from the foundation I'm cautiously optimistic about the turnaround
You seem gullible. There's no reason to be bullish or hopeful after 4 years of letdown. Just admit that it's over

>>55695697 #
>After having some conversations with some executives from the foundation I'm cautiously optimistic about the turnaround
You seem gullible. There's no reason to be bullish or hopeful after 4 years of letdown. Just admit that it's over

>onboarding 100,000,000s medical records
>running international supply chains
>G7 central bank partnership to build wholesale side of CBDC and debt instrument exchanges
>already built a CBDC
>over a dozen CBDC consultations in works, likely pick up at least 1-2 of these
>fine art verification and tracking
>carbon offset trading platform
>C3 dex will make algo L2 for all other chains
>state proofs
>multiple real estate tokenization projects
>multiple private equity tokenization
>airline ticket NFTs
>etc etc etc etc
>nothing comes even close to algo's level of serious adoption
>zero downtime
>10K +tps
>order of magnitude faster token swap contract speed than other chains
>incredible consensus security
>bargain prices

meanwhile in this entire thread
>sell low baggie!

>>55695412
Brainlet fucking take, the elegance of Algorand is that it's so non-invasive that it will be bundled with software and decentralise itself without the user even knowing. Specially once whispers occur, and unlike most PoS protocols, the way it's set up allows for this process to be ridiculously safe for the average user. There's a reason why SOL, ADA, ETH, MATIC, APTOS, SUI et al. have looked at ALGO on the architecture side of things as well as the VRF, it's truly one of the best models out there. Much, much better than something like BTC where you're essentially stuck with one type of clunky client and three mining pools operating under closed source trust assumptions to still work. It's so fucking broken that the coin itself lives off of brand value.

>>55696971
Both suck so much, easily the most bearish verticals inside the foundation. Luckily I seldom interact with the dumber of the two. I do however, talk to the other one more often than I like.

>>55697024
Yep, every member is (to the best of their abilities) still engaged in the project. I REALLY like the team under JAWs, not too sure about makerX, but all the people on Foundation payroll under JAWs are by far a massive breath of fresh air.

>>55697094
And you seem like a baggie, I swear we interact every single time you make these shitty threads and I choose to post. I get it, you lost your 10k "size" and are now salty at people that don't owe you anything. Touch some grass and move on with your life.

>>55697226
>6tps
Sounds like there's not much going on, and whatever is happening doesn't outweigh the mass dumping. Face it baggie, this coin's best days are behind it

>>55697281
Trash comeback when eth is doing 9 tps and 20x the MC.

>>55697311
you're claiming algorand has so much going on, while its TPS is the same as it was in 2020

you fell for the "partnerships" meme hahaha

Bump

>>55695697
literally didn't give a single good reason to buy other than "im getting good vibes again". Go fuck yourself sincerely your shitcoin failed

Too bad the foundation is full of fucking retards and has to dump algos for the stupid bullshit they throw money at.
Only reason I'm not down astronomically was buying nfts lmao

>>55699281
This
Algo foundation is either criminally incompetent or criminally fraudulent

>>55699076
Fuck it you're right, the reasons being:
>Big contracts are finalising from 2nd party development teams, one of which is already announced and is pretty big yet almost no one paid attention to
>The reshaping of the strategy around India with auditable KPIs is looking good, even if I'm not too warm to the guy that's running it since I know he's a bit slimmy, but slimmy is good in India.
>Inc's incoming upgrades remove the final asterisk on Algorand for its "not really decentralised" comment
>The new plan for the Foundation engineering team looks internally good, I really like what that team is delivering
>They're FINALLY being more pragmatic as to what projects they're investing in
>They've secured fiat to see through their operations until full distribution
>The reshaping of the whole org. structure and ppl is finally paying off
>Funding into projects is starting to happen
>It's still an outlier when evaluated on tps, social media mentions, brand awareness and general opinion
>The most controversial programs are either getting restructured, cut or changed in nature
>Foundation is finally spearheading funding rounds, instead of BC (I can't stress ENOUGH how fucking incompetent DG is, I've dealt with him from the time he worked in Mexico and he's seriously not fit for the job even if he managed to get this show off the ground early on).
>Most grifters on the periphery of the foundation are either out, or can't get funding
>The tech stack is finally at a stage where it can compete with the heavy hitters

These are just a few things I could think about. Honestly, it's dumb to not buy at these prices considering the potential upswing and how little sell pressure there's left.

>>55699551
Algo has underperformed since it launched. There's no coming back from that. It doesn't matter what they "improve" on now because the coin's window of opportunity is closed shut and sentiment is damaged beyond repair. Nobody is paying attention anymore.

>>55691199
Name one coin that isn't a scam other than Monero.

>>55699678
Holy fuck you're such a sad baggie, move the fuck on.

>>55700348
>posts nonsense copium
>calls others baggies

>>55699551
do they still have that tranny in charge?
doesn't look good when a mentally ill freak is in charge and I hold this faggot tranny coin in decent numbers

>>55700463
lol. delusional baggies, stuck in an endless cycle of getting hopeful and being let down

>>55700078
from the top 100 coins, algo is currently bottom 5 in % change from ATL. let that sink in...

many coins are less scammy

>>55697265
> it will decentralize itself
No, it won't. The trilemma is real. You cannot have decentralization, security, and high TPS all at once.
Yes, I know John Woods is "working on decentralizing the relay nodes", and every Reddit bagholder is eager to suck his cock over that meaningless statement. But he will fail. There is simply no way for the network to maintain its TPS without having massively-centralized chokepoints in the form of relay nodes. It does not matter if the Foundation continues to run them itself (lmao), or if they (somehow) figure out a way to incentivize the community to do it. Algo will forever remain an even more needlessly complicated version of Solana.

>>55700756
100%. There's nothing special about the tech. It doesn't provide enough innovation on top of Bitcoin or Ethereum to differentiate itself in that regard. Only people who are completely tech illiterate believe otherwise, because of the high speed and low fees that are achieved by subsidizes and shameless centralization.

I lost 40 grand to this garbage.

>>55700756
the fact that anybody still thinks a scam like algo is even relevant today, let alone the future means you can comfortably ignore everything else.
emotional bagholders are what makes this market so trivial.

>>55691199
and the AI art will RULE the world (maybe)
we'll be doomed when they know how to make games with these things, that something is a scam no longer worries me as much as being replaced by fucking walle

it's amazing baggies think algo decentralizing will make anyone care about it at this point when it has burned 100% of any retail that has ever touched it and failed to gain any traction or adoption whatsoever (and no, no one cares about the partnership horseshit sorry baggies)

>>55701526
when is it going decentralized

>>55701547
in reference to these posts

>>55699551
>>55700756

>>55700756
>>55700825

>What is gossiping?
>What are VRFs?
>What is forkless consensus?
>What is speed-focused VM-layer?

Yes Anon, you know better than world class cryptographers, Turing Award winners, mathematicians and computer as scientists. If you look at the techstack and don't realise what's cool about it you're literally tech illiterate or a massive brainlet.

>>55701732
you are literally a tranny, stfu

you picked this coin at any point in the past 4 years you lost basically

>>55701732
YOU SHOULD JUST APPRECIATE THE TECH BECAUSE ITS COOL AND MADE BY SMART PEOPLE!!!!!!!!!

the NGMI spirit of the baggie, they will never get it.

Just thought I’d share the IQ of both Reddit and Algo fags

>>55701717
I mean if it's able to claim it solved the trilemma would normies slurp up?

>>55701732
so will algo pump once it goes decentralized and claims it solved the trilemma?

>>55701732
none of those makes base-layer consensus any less centralized. "gossiping" would actually make it worse, as there would be an n^2 blowup in the number of consensus messages. 6000 TPS consensus is not possible on a bunch of nodes with residential-grade internet connections. thus it must be done on a small handful of extremely high spec nodes running in a datacenter and operated by the Foundation.

Silvio has done excellent work in cryptography in the past, but he is far from an expert in distributed systems. The MIT distributed systems professor (Zeldovich) who published the original Algorand papers c. 2017-2018 is now working on entirely different research projects. He is no longer affiliated with Algorand at all, as far as I can tell

>>55701780
KWAB

>>55701904
Idk if it'll pump, but I know that it's by far one of, if not the best blockchain architectures out there so it has a high chance of adoption.

>>55701919
Relays can still be a thing if demand is required. Internet connection is 1Gbps symmetrical, easily achievable in the western world without an increased overhead (2/3 of Europe will be on that or higher in less than 5 years), and it scales with usage. Again, if relays are needed a federated system can be enacted. It's literally a non-issue. Zildovich literally co-authored his third or fourth last publication with Micali on compact certs which are a needed tool for state proofs. Considering Micali's emphasise on interoperability it's clear to me that he's working on those efforts with the contacts he has in csail. I wouldn't be surprised if he's a co-author on the touted privacy solution algorand is meant to come out with in the not-so near future.

>>55702026
>Internet connection is 1Gbps symmetrical, easily achievable in the western world without an increased overhead
You're not getting an entire network of nodes that are capable of running 10K+ TPS without centralization. Algorand engineers are racing to implement p2p networking because they know the days of the current relays are numbered. When gossip starts taking over and the network becomes slow as fuck, you'll quickly understand why other cryptos are not as "elegant" and seem "complex." Algorand is already racing toward unsustainability before it even gets to its second market cycle. Like the other anon said, it's just a worse version of something like Solana. Just with, you know, less users, less devs, smaller ecosystem, less overall interest, less market dominance, and so on.

Anyway, I don't particularly like discussing the tech because it's a distraction from this coin being dead. Algorand has been a money sucking scam and nothing has improved to make it seem bullish. Nobody is putting a cent in your shitcoin anymore, but have fun circlejerking over how 100 permissioned and high powered servers can power what gets the traffic of a personal blog site. Very impressive stuff!

>>55703310
Sure anon, you know better than the team at csail and MIT. God, you're such a fucking retard it's sad.

>>55691199
This entire thread is /biz/ trying to convince anons to sell low and buy other worse chains high. Is that how you get rich? Really /biz/?

>>55703525
It's called constraints by physics. You fell for the trilemma marketing anon. They did a good job at the low-level cryptography but failed at everything else.

Algorand supposedly had a world class economist, and look what happened. Failed Dutch auction, failed tokenomics, failed incentives, failed governance, etc. Algorand supposeldy had a world class executive team, and look what happened. Completely botched every communication, wasted hundreds of millions in grants, burned money in every sponsorship, no vision or direction but just copying trends that have passed.

Until everyone realized they're all incompetent fucks. But now the cycle starts again and they've fixed everything, right? After 80% of the supply went into the trash, we good now?

>>55703690
>world class economist
Fucking oxymoron

Also, you don't understand what a fault tolerant system design is. You should really touch some grass, sell and get fucked by your boyfriend holy fucking shit you're histerical and a fucking retard.

>>55703894
>Fucking oxymoron
lol, you'd be the first shill to jizz all over his credentials before the incompetence became clear. Just like you do for the engineers that didn't implement usable smart contracts on a fucking smart contracts platform until it was irrelevant. No wonder you're an "insider" and involved with Algorand, you fit in right in with all the retards over there

>>55691199
tokenomics have been dogshit and the token (algo) is paying the price.
BUT it is undebatable that the technology is simply the best, technically, both for developers and users, and the token utility model is absolutely great.

>>55702026
Even if every current validator woke up tomorrow with a 1Gbit symmetric connection (unbelievably optimistic), they still would need to process (CPU) and store (disk) all those TXs. As >>55703310 said, there is just no way that is happening on consumer hardware.
> Zeldovich
Even if his paper ends up being incorporated into Algorand in some way, don’t you think it’s a little weird that he CO-FOUNDED the entire enterprise, and now apparently wants nothing to do with it?
P.S. I would love to know how anything “federated” can ever be decentralized.
>>55703668
Neither I nor any other anon that is pointing out Algorand’s very obvious flaws is shilling any other coin here. In fact, we are bringing real alpha to /biz by providing hard counterpoints to the same old “tech is great” party line that >>55704066 et al. parrot constantly

>>55700463
Just calling it how I see it.

>>55700489
Yh, Staci's not that bad, she's way more in control than Sean ever was imo.

>>55700756
You should really read the white paper.

>>55701732
ITT a bunch of armchair cryptographers who flunked out of community college.

>>55701919
I thought Zeldovich was still involved, desu idk who's on Silvio's team. He's not easily reachable.

>>55704008
Kek, anon baggie you're schizoing, that's not me.

if you want to fud, try not to engage with the tech angle. your mom calls you special, not "my little turing award winner" for a reason

There was a bunch of nazi/terrorism memes with the Algo logo for a while
Miss those. The real current value of Algo is using it to tax harvest

>>55704234
>Kek, anon baggie you're schizoing, that's not me.
There's like 10 Algo shillers left and 5 are the same person, so it's easy to mix you guys up

Bump

>>55707300
Why are you bumping

my fellow bagholders should we be DCAing right now or just ROPing

>>55691199
Insider here - just 10000 ALGO will be enough to make it.

>>55704279
what if i told you. all the nazi and tranny related algo memes and niggerfied memes were done by the same person to get the ball rolling how i wished?

>>55707904
how many blapu, cryptotrees and algo senpai tokens to shake it one time for me

>>55707904
Proof?

>>55707868
He's fuding his own bags, so people defend them and engagement goes up. It's a psyop.

>>55709252
Considering he just asked for proof about a make it bag, I’m inclined to agree with you anon

>>55704209
There hasn't been a single serious claim of any flaw in Algo's tech except muh price action.

>>55707904
post pera wallet balance

>>55691199
>not getting Elons coin

>>55709252
>>55710504
>>55711499
>>55711567
I think you should admit that you got scammed to fund an Italian's retirement

>>55701525
Kek, AI is a tool rather than a master retard and a lot of chads are already taking advantage of it. AI gems are sleeping giants and I've got hands on Fet, alongside Peaq which would give users ownership of machine utility through NFTs.

>>55712935
get out of here you pajeet scammer

>>55701902
>trilemma

normies have no clue what this is.

>>55693514
I'm selling my 8,000 at my .44 cent buy in price in like 8 years

>>55714170
based break even bro

>>55714302
taking my $100 stake earnings to the bank son

>>55714170
8 years for 44 cents? you're that bullish?

>>55715274
I'm buying more because I love financial punishment, it's the only way I can orgasm.

>>55715459
Oh boy then you're in for a treat with Algo

>>55693514
I'm a baggie but no, Algo will likely never hit $10 lmao
Most bagholders got burned buying near the top and the ones like me who have been lowering averages have plans to GTFO as soon as possible which will only further tank the price if a resurgance is possible.
> t. .65c average and will doomp asap if Algo reaches anywhere near that level

>>55716267
it probably won't get to $1 again but potentially could I guess in a massive retarded bullmarket, in which case you are missing out on 100Xs left and right by staying in dead bullshit like ALGO

>>55715459
Get ready for forced orgasm after forced orgasm m8, the cum won’t stop

>>55716600
>sell your ALGO and put the $0.15 into something else

They gave everyone free money aside from their bagholders

Woah a prolonged algo fud thread...

Bottom is in

>>55717342
>Bottom is in
you should ape all in anon, lmk how it works out for u

>>55717342
Buy my bags at my DCA
You’ll def make money