[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 79 KB, 2000x991, algorand-staking.jpg [View same] [iqdb] [saucenao] [google]
22342354 No.22342354 [Reply] [Original]

Pls redpill me on why people love Algo as much as they hate it.

Do the cons really out weigh the pros? Or is there a future for it assuming they will continue to modify/improve the tokenomics of it.

>> No.22342806

>>22342354
Idk it’s fast, runs on new chain, something something USDC

>> No.22342820

>>22342354
They have serious researchers.

>> No.22342841

>>22342354
the governments gonna pump the shit out of it

>> No.22342888

They like the team
Same argument for RLC which just followed btc
Doesn't mean it will moon

>> No.22343024

Algo has a high quality team and I don't mean by this that the team consist only of PhD autists. It is well balanced. But the bills they have to pay each day are enormous and that's why they dump like xrp the algo coins on you. Which is not bad as long as there is adoption and right now there is no serious adoption going on. Stable coins are no big adoption.

>> No.22343415

>>22342354
It actually runs very fast and low fees, so there's that. It's another world compared to the ERC-20 shitcoins

>> No.22343463

>>22343415
Yeah when I first sent it I couldn't believe how fast and cheap it was.
The tech is great so is the team but as others have pointed out not guaranteed moon.

>> No.22343521
File: 117 KB, 242x334, 1598295935411.png [View same] [iqdb] [saucenao] [google]
22343521

>>22342354
I bought a stack because I think the tech + team + partnerships are great and stake it. If it takes off, I'm set... If not.. Oh well I have others in my portfolio. Always diversify anon. I do think it will hit $1 minimum with ease at some point so I feel safe using algorand for my profits split between btc. Short-term, I think we'll see 10-15 cents soon though before it continues up. If I am right, I'll probably double or triple my stack at 10-15 range and forget about it while it stakes.