/biz/ - Business & Finance

[Anonymous No.23422488]

I'm not going to lie, this is the easiest hodl ever.

[Anonymous No.23422557]

thanks just sold my stack

[Anonymous No.23422597]

Fucking Jews, I hope they deliver

[Anonymous No.23422847]

>>23422557

thanks you've convinced me.

[Anonymous No.23422946]

>>23422488
2 YEARS FOR 0% GAINS IS NOT FUCKING EASY FOR ME FUCK YOU PAJJET

[Anonymous No.23422996]

>>23422946
ALGO only existed since June 2019...

[Anonymous No.23423068]

Stop.

[Anonymous No.23423184]

The devs and founders sold all there ALGO and left the project. Buy AVAX

[Anonymous No.23423217]

>>23422488
Also I agree to some degree. The staking rewards make it easier to cope with the fact it's not going up like everything else. Or when the price goes down, like hey ya know with my staking rewards it kinda almost balances out... (not really)

[Anonymous No.23423219]

>>23423184
smelly kabob coin. no thank you, Bobak!

[Anonymous No.23423422]

>>23422488
Those dubs.

Also, thots on Bon,

Worth a participation?

[Anonymous No.23423438]

>>23423422
If you can get something out of the yield meme, yes

[Anonymous No.23423802]

why is eth still trying Algo BTFO'd them in all categories say team, tech and partnerships why is eth still standing

[Anonymous No.23423819]

>>23423802
We don't know.

[Anonymous No.23423894]

We are going back to 0.3. It's a good price to buy Algo

[Anonymous No.23424005]

>>23422488
few understand

[Anonymous No.23424035]

I opened one webinar of this and it seemed like a garage project, sorry I only invest in professional projects

[Anonymous No.23424097]

Why not, it's got a decent staking return.

[Anonymous No.23424126]

>>23422488
Any /biz/ regular unironically holding this instead of being all in on PNK for the next 2 months is a 60iq brainlet

[Anonymous No.23424188]

>>23423802
Because muh tps is a meme that only newfags fall for. Ethereum won long ago. Algorand is just another dime a dozen ponzi coin that nobody uses for anything.

[Anonymous No.23424263]

>>23424188
$50 gas fees

[Anonymous No.23424284]

>>23424188
ETH 2.0 has big problems. More delays for critical features are coming

[Anonymous No.23424341]

>>23424188
>yahoo won long ago

[Anonymous No.23424388]

>>23424188
kinda agree on the tps but what about the tx finality? with algo I send whatever to exchanges and it's there in a minute (the 5s tx is a lie) but with ethereum when I send I know I have the time to take a quick dump and after all that it's still not processed aka 10/12 confirmations or whatever conf threshold they ask

[Anonymous No.23424421]

>>23424035
Stop typing

[Anonymous No.23424473]

>>23424421
>muh phd
>muh google engineer
are you serious

[Anonymous No.23424516]

>>23422488
Out of all the cryptos out there why in the fuck would anyone hold this 10B supply VC scam? I mean just look at the fucking chart. Newfags get all excited about 5% staking returns but don’t care about the 100% yearly inflation?

[Anonymous No.23424593]

>>23424263
Layer 2 solutions + ETH 2.0
>>23424284
Doesn’t matter. Dozens upon dozens of better faster Ethereum competitors have flooded into the market since 2017 and not one has gained any adoption. Speed is nice but not if you have to sacrifice security and decentralization to get it.
>>23424388
Algorand has good tech but so do plenty of other platforms. The chances that this is the one that will succeed is tiny. And even if it does succeed the supply inflation will kill your gains. This thing is moon proof.

[Anonymous No.23424633]

>>23424473
Postdoctorsl MIT research
Scientist for IDF
Google
IBM
PhD

And the more you keep flapping your stupid gums, the more bios I'll post

[Anonymous No.23424706]

you'd be better off buying REN desu

[Anonymous No.23424768]

>>23424593
delays do matter in tech, zoomer. this virus could bring the need for adoption and things can change very quickly.

[Anonymous No.23424831]

>>23422488
>>23423422
>>23424188
>>23424388
>>23424633

holy fuck the algorithm is working today

[Anonymous No.23424891]

>>23424593
Hmm I wonder why USDC is on Algo. Hmm why did coinbase list them so fast. Hmm why did they revise the initial tokenomics. Hmm what upgrades have been made since the original protocol proposal. Hmm what ‘nobodies’ are running this project.

Pic related

[Anonymous No.23424911]

>>23424891
The question is..
How high can Algo go? Where do you see it?

[Anonymous No.23424992]

>>23424911
>tfw Algorand hosts global auctions for carbon credits

[Anonymous No.23425127]

>>23424992
They want more

[Anonymous No.23425162]

>>23425127
This one is a two parter.

[Anonymous No.23425373]

>>23424263
>shrimp farming congests your network.
b-but muh plasma, muh loopring. how many bolt-on solutions do you add before you admit it's a clogged "virtual" machine?

[Anonymous No.23425416]

>>23424473
>he typed as he licked his thumb and index finger to slurp up the remaining cheeto dust in his mom's basement...

[Anonymous No.23425514]

>>23425416
projecting much fat boi?

[Anonymous No.23425606]

>>23425514
always, Jak Adien.

[Anonymous No.23426095]

this better moon i just bought 10k

[Anonymous No.23426995]

>>23422488
50% in ALGO, too ez

[Anonymous No.23427276]

>>23426095

even if it doesn't, just hodl

[Anonymous No.23427277]

>>23422488
it isn't

[Anonymous No.23427488]

ppl talk about ALGORAND supply but don't remember that ADA supply was 31 billion... so 30 times more than current ALGO supply and was able to reach $3.50. ALGO will easily reach $25-100 next bull run

[Anonymous No.23427794]

>>23427277
>>23427488
88 > 77 so the ALGORITHM IS WORKING

[Anonymous No.23427844]

>tfw 5k ALGOS staking in wallet
How much to make it? Trying to get at least 10k before it goes over 40 cents again.

[Anonymous No.23428002]

>>23427844
checked. make sure to send an empty txn to yourself so you can actually compound them (they show up as added in your balance but not your account and the staking rewards don't reflect that if they aren't actually in your account).
10k for suicide stack ($50-100k).

[Anonymous No.23428187]

>>23422488
>>23424188
>>23424388
>>23427488

holy fuck

[Anonymous No.23428231]

>>23424516
THIS

[Anonymous No.23428253]

>>23424593
eth 2 is never coming. eth 1.5 is the future

[Anonymous No.23428278]

>>23428187
Was on the fence about ALGO but yeah....I believe in memetics so I'll buy in.

[Anonymous No.23428296]

>>23427488
ADA never reached 3.50 moron. ADA has more scalable tech and good tokenomics. sorry bro

[Anonymous No.23428339]

>>23428296
Where are the fucking smart contracts, putz? You know... the thing that actually gives VALUE to a platform kek

[Anonymous No.23428380]

100k stacked and comfy. Will hold no matter what.

[Anonymous No.23428413]

>>23424516
>>23424593
Daily reminder that this poster claims to have made it, but is actually an ETH/LINK Bagholder who FUDS in almost every ALGO/XRP thread, along with other projects that challenge his bags.

[Anonymous No.23428438]

>>23424633
Her power comes form the mole

[Anonymous No.23428823]

how often do you need to do this empty transaction?

[Anonymous No.23428875]

>>23428823
as often as you want, but remember there's a .001 algo fee

[Anonymous No.23428891]

>>23428823
when it gets big enough. some anons do it daily. the more you do it, the better it is.

[Anonymous No.23428982]

>>23428891
3k algo here.. should i do it?

[Anonymous No.23429057]

>>23428982
just buy like $20-$100 worth of algo if you gonna get more. and when you trasfer it over, it will automatically unlock and deposit the steak into the main wallet holdings..

algo really is slow/boring/comfy/pleasant hold.
don't have to worry about it, just stack it.
anytime it goes under 0.30, just buy it.

[Anonymous No.23429082]

>>23428891
>the more you do it, the better it is.
no, it depends on how much you have staked since there's a flat fee on each compounding.
>>23428982
I tried to figure this out a bit ago, wrote a program to do it.
for 3k the optimal time to do it is every 5 days. provided i did this right.

[Anonymous No.23429447]

>>23428823
>how often do you need to do this empty transaction?

no algo yet, QRD on what you're all talking about? thx

[Anonymous No.23429709]

>>23429447
staking rewards are only distributed when a transaction occurs on an account.
So in order to compound your interest you need to send a transaction to yourself. Most wallets implement this as a button that says 'earn rewards' or similar, under the hood it's just sending an empty transaction. Transactions have a flat fee of .001 algo

[Anonymous No.23429842]

>>23424188
>coin that nobody uses for anything.
wut?

Coinbase's USDC Expands to Algorand
https://decrypt.co/41345/amid-stablecoin-boom-coinbases-usdc-expands-to-algorand?&utm_medium=referral&utm_campaign=feed&utm_source=trading-view

[Anonymous No.23429849]

>>23429709
if you hodl in the ALGO wallet, your balance is automatically updated.

[Anonymous No.23429891]

>>23422488
10K Algo Chad checking in

[Anonymous No.23429898]

>>23429849
So basically send my algo to the official wallet and I can forget about it and still get gibs?

[Anonymous No.23429906]

>>23422488
Yes
Comfy staking rn

[Anonymous No.23429929]

>>23429898
Yes.

[Anonymous No.23429946]

>>23429906
15 algos Weekly
>comfy

[Anonymous No.23430059]

>>23429898
The point is to claim your rewards. If you don’t claim them, you are earning interest on your total balance - rewards. Otherwise if you claim every so often, you earn interest on total balance + rewards. So if you don’t ever claim them, you are missing out on potential gains (but your balance in the UI will still show you as having them).

[Anonymous No.23430062]

>>23429849
yeah it updates, but it doesn't compound until you get a transaction, just loaded it up on my phone.

[Anonymous No.23430116]

Can someone break down how to stake? Can I do it through their app?

[Anonymous No.23430145]

>>23430116
there's nothing to it, just download the app or any other wallet with staaking, get an address and send algo to it
it will do it automatically

[Anonymous No.23430186]

>>23430145
Do you have any good recommendations for wallets?

[Anonymous No.23430216]

>>2343011
>send algo to ledger(optional)
>hit claim rewards under account on ledger live
>send yourself a empty transaction that will cost you .001 algo to recieve your staking rewards

[Anonymous No.23430230]

>>23430145
>>23430116
you still need to claim rewards every once in a while, that part isn't automatic
your rewards won't expire or anything, but you will only start earning staking rewards on your staking rewards when you claim them.
>>23430186
Exodus is pretty good, the algorand foundation's algorand wallet is decent too.
I use a ledger personally, the nano x models are compatible with their app which is pretty nice.

[Anonymous No.23430237]

>>23430186
The wallet made by the Algorand Foundation. It's just called "Algorand Wallet"

[Anonymous No.23430260]

>>23430186
personally i think being on a ledger is the safest thing due to all price action going on

you don't want to be caught in the middle of not being able to sell because of an exchange suspending withdrawals

[Anonymous No.23430280]

>>23430059
I don't mind checking in on them periodically but Im busy enough I can't do it daily or even weekly.

Been doing some fast research into this, anyone think equities may wind up tokenized on Algo?

[Anonymous No.23430305]

>>23430280
There's already a project doing this, go look through the tokens on the algorand explorer there's some cool stuff on there. I think tokenized equities are only available in asian markets right now tho

[Anonymous No.23430316]

>>23430280
you're only missing out on roughly 0.11% if you don't compound daily

[Anonymous No.23430646]

>>23430260
But what if you’re traveling and the price is mooning? Do you travel with your ledger or trezor?

[Anonymous No.23430656]

>>23430280
If you store them in the Algorand wallet on your phone it takes 10 seconds to do it.
1. Copy your address
2. Send to address nothing
3. Wait 10-15 seconds

[Anonymous No.23431452]

>>23422488
Selling my 200k ALGO right now, thanks OP

[Anonymous No.23431511]

The longer you hold the more staking rewards you get anon, imagine if algo gets past $50
also trump said baba booey
https://youtu.be/ZCyZ_y8wJiw

[Anonymous No.23431987]

>>23429891
1.5k mini algo chad reporting in

[Anonymous No.23432003]

>>23431987
Forgot pic related.

[Anonymous No.23432048]

>endless supply dumps
>only pre-approved elites get to provide nodes

I wish I could justify holding this and watch it destroy XRP

[Anonymous No.23432050]

>>23422488
more like the crabbiest hodl ever

[Anonymous No.23432497]

>>23430230
The nano s works too, you just need a micro usb cable.

[Anonymous No.23432513]

>>23430237
and its the official one too if youre worried. I was worried at first it seemed kinda sketchy.

[Anonymous No.23432519]

What's the difference between avalanche and algorand?

[Anonymous No.23432891]

>>23430646
better guard that ledger with your life
>leave keys at home
>travel with ledger and 8 pin passcode
> buy back up ledger and leave at home

[Anonymous No.23433092]

>>23428339
this is some next kevel cipe. not only will cardano scale naturally as it gains users (like bittorrent),ADA has better staking mechanics, better tokenomics, on chain governance, on chain funding of development, it is also getting smart contracts. goguen features are already rolling out. marlowe is god tier for onboarding finance domain experts. the development velocity of cardano is unmatched, exceeding that of every other crypto project, the team is god tier with more fundamental science and rigor behind cardano's design than any other project... cardano wins in every category. sorry anon

[Anonymous No.23433787]

>>23433092
>funding of development
Paying for Charles trips abroad and cigars doesn't constitute development

[Anonymous No.23434755]

>>23422488
EZ Hold, hope you make it anon