/biz/ - Business & Finance

[Anonymous No.22791113]

Why is it so good bros?

[Anonymous No.22791357]

>>22791113
>Solved blockchain trilemma
>MIT developed
>Wall Street financed
>Hosting worlds first CBDC
>Cheap transactions
>Instant finality

[Anonymous No.22791492]

>>22791357
but WHY is it so GOOD bros

https://algorand.foundation/bsn-integration-algorand

https://www.forbes.com/sites/vipinbharathan/2020/08/30/fed-partners-with-mit-based-digital-currency-initiative-to-explore-central-bank-digital-currency/

https://cointelegraph.com/news/federal-reserve-bank-reveals-details-of-digital-dollar-research

[Anonymous No.22791967]

>>22791113
looking forward to the seethe from people who didn't buy at these prices in the coming months

[Anonymous No.22792093]

>>22791967
price prediction in 2 y ?

[Anonymous No.22792119]

>>22792093
$5

[Anonymous No.22792153]

>>22791113
Because the algorithm is work, anon

[Anonymous No.22792164]

>>22792093
20billion mc

[Anonymous No.22792167]

>>22792119
that would mean a 5,314,127,789$ mcap

[Anonymous No.22792171]

>>22792153
Working
>Phone posting at it's finest

[Anonymous No.22792183]

>>22792167
yes

[Anonymous No.22792185]

>>22792164
>looking forward to the seethe from people who didn't buy at these prices in the coming months
have you seen the shit new IPOs are valued at. You can value you this as equity + SoV; no difference now with tech companies IPO'n with P/Es 100+

[Anonymous No.22792192]

>>22792171
i though it was funny the way it is anon
>>22792183
nice but how do i cope with not buying early?

[Anonymous No.22792225]

>>22792192
it's a good thing to have not bought early, only people burnt were moon boys. Arguably best times to buy were post-march corona rally and now

[Anonymous No.22792265]

>>22792225
good point actually, but i mean like $0.15 early, not i buy half od what i could have :(

also how do i cope with
>Circulating Supply
>1,058,509,900 ALGO
>Total Supply
>10,000,000,000 ALGO

[Anonymous No.22792439]

>>22792265
$.15 was unironically the price most VCs got. Anything below <$.3 is god tier. $.24 was the at-value floor set by public auctions

[Anonymous No.22792463]

>>22792265
you stake

[Anonymous No.22792480]

because literally 90% of this shit will be locked up in staking

[Anonymous No.22792494]

>>22792439
>>22792463
when can we expect this to kill eth?

[Anonymous No.22792550]

>>22791113
Kek. I used to shill this shitcoin when it was $.30 (the first time before the pump and dump). Can’t believe anons are still hodling knowing about the inflation. Reminds me of NKN. Cool tech but absolute moon proof because the VCs are greedy.

[Anonymous No.22792557]

>Missed the.27 dip
ffs, come on Bitcoin, dip lower, FUCK

[Anonymous No.22792577]

A bit after smart-contract release eoy, EVM is actually a meme. Has been from the start. Muh $100MM+ parity locked forever.

[Anonymous No.22792587]

>>22792550
hm keep talking please

[Anonymous No.22792619]

>>22792550
I feel like this is largely priced in at this point, and I'll happily be buying into the inflation, and staking. Some VCs are node relays, yes, but the overwhelming majority is algorand inc, algorand foundation, and universities developing with the tech

[Anonymous No.22792635]

>>22792480
Why would it? 5% returns is nothing and there is no lockup period. Also the relay nodes (the people who own most of the supply) don’t have to stake a single coin to get their returns. Enjoy bag holding.

[Anonymous No.22792769]

>>22791113
I was watching Silvio the pasta nigger earlier today on camera. I swear I could barely understand him during sentences because it's such a heavy Italiano accent that I was just dreaming of being back in Florence. We should have a meetup somewhere in Italy when we all make it. Perhaps a boat party in Lake Como.

[Anonymous No.22792824]

>>22792550
*pulls an xlm style inflation burn*

[Anonymous No.22792886]

>>22792185
>p/e 's in the 100s
Niqqa tf are you on about. This ain't Netflix or Apple. You're talking trillions in MCs. Never gonna happen with memecoins.

[Anonymous No.22792914]

>>22792769
Florence is such a fucking shit hole. I hated that place. The shitty open markets and watching people get pick pocketed while eating some frozen ice in front of that cathedral. Dont even get me started on the open sewer known as Venice. Honestly I’d rather hang out with the mud blood in Sicily with the good food.

[Anonymous No.22792956]

>>22792167
No it would mean a way higher mcap since there's only 800 million tokens in circulation out of 10 billion total.

[Anonymous No.22792970]

>>22791113
how many algo is a good stack? 150k?

[Anonymous No.22793025]

>>22792914
Florence has some of the best food, unless you like seafood then something like Amalfi or Portofino, Santa Margharita are good for that. The deenz they have that they slice open and throw some lemon on. bellismo!
>Dont even get me started on the open sewer known as Venice
kek got flooded when I went so I went to Milan instead. it's just as shitty as NYC. but the food in Florence is fucking great and you can get good exercise walking. plus good history.

[Anonymous No.22793095]

>>22792886
>>p/e 's in the 100s
>Niqqa tf are you on about. This ain't Netflix or Apple. You're talking trillions in MCs. Never gonna happen with memecoins.

PE is mcap independent

[Anonymous No.22793146]

>>22792619

[Anonymous No.22793241]

>>22793146
jason parser

[Anonymous No.22793407]

>>22793025
Florence food was pretty good really can’t complain too much. Those dirty Italians gave me two bottles of corked wine and just pissed me off. Milan was sick but everything was expensive even the shitty stuff lol. I got a $4600 glass fish over there. Some sculptures were 700k but I was priced out. Haven’t made my way to portofino but I hear about the sea food all the time. Rome was also awesome despite the endless construction and Indians. Portofino is on deff on my list for that exact reason.

[Anonymous No.22793444]

>>22792769
kek italians can't into Germanic languages

I'm an Italo-german mutt and that helped a little, people abroad are genuinely surprised when I tell them I'm Italian.
Also, Como is shite, north-west Garda Lake is superior.

anyway, back on topic, can staking and getting a mere 5% really save us from the inflation or will this become the next 0.2 stablecoin?
My bet is on the latter

[Anonymous No.22793476]

>>22793025
>>22793407

"The House of Medici (English: /ˈmɛdJtʃi/ MED-i-chee or, Italian: [ˈmɛːditʃi]) was an Italian banking family and political dynasty that first began to gather prominence under Cosimo de' Medici in the Republic of Florence during the first half of the 15th century. The family originated in the Mugello region of Tuscany, and prospered gradually until it was able to fund the Medici Bank. This bank was the largest in Europe during the 15th century, and it facilitated the Medicis' rise to political power in Florence, although they officially remained citizens rather than monarchs until the 16th century.

"
IYKYK

[Anonymous No.22793532]

>>22792970
1.5m once it hits $10 so yes

[Anonymous No.22793576]

ITT: no one understands the tech so they're arguing over moot points

$300 is not fud

>inb4 market so
Literally the most irrelevant stat outside of moonshots. Tesla's market cap is 320b alone. Crypto is just getting started

[Anonymous No.22793628]

>>22793576
*Market cap

[Andre Cronje No.22793676]

Once the #EasyFi protocol is live, 0.24 $EASY tokens will be released per block for the three markets currently available. These tokens will be distributed uniformly over the defined period, meaning 10368 $EASY tokens will be handed out per day, subject to timely revision!
#DeFi #DeFiFarming

[Anonymous No.22793705]

>>22793476
did you know royals used to dye their hair with horse piss? they didn't know it, but it turns out that's what it was and they paid massive amounts of money for it. if the Medici's were putting horse piss in their hair and paying for it? ALGO can provide WAY more utility, imo. $75-100 EOY 2021.
IYKYK
T. learned about that when visiting the David statue.

[Anonymous No.22793733]

>>22793705
well, not just royals but "elites", I should say. if you look at old art from that period you can see that all the blonde people are in nice clothing while the ones without any horse pissed hair are usually the low rung of society. so in summary, once we make it, we will all dye our hair blonde and go do a bunch of acid in Lake Como in Italy. Then charter the Lolita Express down to Florence for a nice meal.

[Anonymous No.22793938]

>>22793576
>Crypto is just getting started
The tech is undeniably useful and many coins will moon over next 10 years.
But the ones that are regulated and adopted by insiders are the ones to ride. Not random moonshots with no deals or backing.

Insiders control this area too.

[Anonymous No.22794013]

>>22793938
high IQ post.

[Anonymous No.22794122]

>>22793938
so basically, just stack ISO20022 coins

[Anonymous No.22794126]

>>22793733
I’ll pack that away for trivia. If you’re into the conspiracy side of things old Italian bankers and senpai are sometimes referred to the black nobility. They prefer opulence in the country side and stay away from cities. Supposed to be part of the council of 9 who areThe Illuminati families.

[Anonymous No.22794342]

>>22793938
based

[Anonymous No.22794415]

>>22794126
tuscan hill towns would be extremely comfortable, anon. there are many places I would LOVE to live in Italy. most in the north, though. would never live in a big city. could be nice to own an airbnb in italy, DESU.

[Anonymous No.22795119]

>>22794415
Would be cool. But I got my eyes on a Spanish beachfront villa when I make it. I’ll visit you in those mountains anon. Best of luck. Keep the hands strong in the GBR

[Anonymous No.22795372]

>>22793938
Is ALGO one to ride?

[Anonymous No.22795393]

>>22795119
salute, anon. same to you.

[Anonymous No.22795463]

>>22795372
undoubtedly yes

[Anonymous No.22795512]

>>22795372
Coin release over 5+ years. Most of it is for staking. They auction coins quarterly. Team is mit super autist who invented cryptography, ex mega banker with unlimited connections. An award winning economist and a few smaller banksters. Wall Street loves it. Fed looks at it. Usdc on chain.10ktps and scalable If you’re a gambling man this is a good bet. Top ten coin easy!!

[Anonymous No.22795544]

I have 485 right now. Wondering if this will ever take off. I have a feeling it won’t.

[Anonymous No.22795547]

>>22795512
Top 4 easily

[Anonymous No.22795674]

>>22795547
Fug top 4... I’m gonna ccoooooooomm!!

[Anonymous No.22795690]

>>22795544
if it doesnt whatever you dont lose much, if it does you make it

[Anonymous No.22795723]

>>22795690
How many do I need to make it?

[Anonymous No.22795803]

>>22795723
50k and 2 years. 2$ eoy

[Anonymous No.22795832]

>>22795803
50k wtf that seems like a big stack, what's a suicide stack?

T.poorfag with 300 algos

[Anonymous No.22795926]

>>22795512
Inflation has changed bro. They ain't releasing that much supply anymore

[Anonymous No.22795945]

>>22795832
This isn’t a shitcoin that moons 1000x be reasonable fellas.

[Anonymous No.22795978]

>>22795723
around 1k is nice start

[Anonymous No.22795999]

>>22795945
>comparing random shitcoins with most based one
ngmi

[Anonymous No.22796045]

>>22795512
It’s already top 10 when you account for the supply

[Anonymous No.22796078]

>>22795999
Riding compression 2/10. Anon was asking if 300 was enough to make it. Obvi said this is no shitcoin crazy gains are not to be expected with a comfy hold.

[Anonymous No.22796264]

>>22793576
Nigger every single “ETH killer”, and there are literally dozens of them, claims to have the best tech. Being fast doesn’t mean shit. Zilliqa was fast as hell, failed. XLM was fast, failed. Go through the top 50 coins you’ll literally find 10+ platforms that are just as fast as Algorand. This time is different though right?

[Anonymous No.22796405]

>>22796264
Starting to look like it might be, you have actual govs adopting this thing. Still not a fan of the tokenomics though so I may still pass on it.

[Anonymous No.22796427]

>>22792914
wait srs? I loved Florence, it was super clean and pleasant. When did you go there? I guess I "look" Italian so that helps with not getting pegged as a retarded tourist with free money flowing out of my pockets.

[Anonymous No.22796479]

>>22796405
Govs aren’t adopting shit. That’s just pajeets being pajeets. It has a stablecoin and that’s it and news flash every shitcoin platform has those even tron.

[Anonymous No.22797559]

i have a feeling that when the digital dollar stimulus gets announced here in the next month or so we might see an announcement about Algorand getting involved and it might pump

https://www.newyorkfed.org/research/economists/azar

https://www.crowdfundinsider.com/2020/08/165292-the-federal-reserve-bank-of-boston-joins-forces-with-mit-for-digital-currency-research/

https://www.bizjournals.com/boston/inno/stories/fundings/2018/10/24/mit-spinoff-blockchain-startup-algorand-raises-62m.html

https://cointelegraph.com/news/congress-weighs-digital-dollars-for-aid-after-stalled-covid-19-stimulus-payments

https://medium.com/centre-blog/centre-consortium-announces-algorand-as-an-official-chain-for-usdc-launches-on-mainnet-fa664dec3a0b

https://www.zerohedge.com/markets/loretta-mester-hints-fed-preparing-deposit-digital-dollars-directly-each-american

i could be wrong but these breadcrumbs point to increased usage of algo tech and very high-level connections. how this would translate to increased usage of the ALGO token i'm not exactly sure but i feel like it's a safer bet than DeFi tokens named after food.

>>22793938
this anon knows what's up.

[Anonymous No.22798153]

>>22795999
chekd

10k suicide stack
50k make it stack

[Anonymous No.22798179]

>>22791113
it sucks
look at ARPA if you want good

[Anonymous No.22798228]

fine, where do I buy this fucking gay bullshit

[Anonymous No.22798596]

>>22798179
retard
>>22798228
All respectable exchanges have ALGO