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52805429 No.52805429 [Reply] [Original]

Algorand
Who buying now?

>> No.52805453

Oh I'm buying.

10k stacklet reporting in

>> No.52805485
File: 315 KB, 2048x1542, Layer1.jpg [View same] [iqdb] [saucenao] [google]
52805485

>>52805429
>not buying ICP

Enjoy your poverty.

>> No.52805522

>>52805485
>20 tps
Get fucked retard, Algorand is 6000 tps.

>> No.52805573

>>52805522
Your foundation moved too slowly and the competition caught up with you. Better luck next time.

>> No.52805813
File: 47 KB, 1658x538, Screen Shot 2022-12-09 at 2.00.16 PM.png [View same] [iqdb] [saucenao] [google]
52805813

>>52805429
> MUH NFTs ALGOFAAAAAM
Fuck this shitcoin, fuck the algorand foundation and fuck the community it attracted. Should have bought HBAR instead.

>> No.52805824

Scam

>> No.52805844

>>52805813
>HBAR
lol, good one

>> No.52805854

>>52805844
yeah might as well buy total pnd Cardano or Cosmos at this point lmao anything is better than (((algorand))).

>> No.52805884

>>52805813
ICP is better.

>> No.52805885 [DELETED] 

>>52805813
I know you wish you could fuck this but she won’t let you faggot

>> No.52805903
File: 5 KB, 183x275, ED1924BB-FD63-41F5-87DB-55A1D5EFDE05.jpg [View same] [iqdb] [saucenao] [google]
52805903

>>52805813
I know you wish you could fuck this you little cuck but she won’t let you faggot

>> No.52805923
File: 11 KB, 360x360, pepeannoyed.png [View same] [iqdb] [saucenao] [google]
52805923

>>52805485
>independent data centers

you realize this defeats the entire point of crypto and blockchains right? Its like a boat that can go 9000 miles per hour and carry the biggest loads but it doesnt float. Pointless

>> No.52805929

Algorand is literally the best L1.

Download the wallet. Get 10 ALGO. Send it wherever you want in 3 seconds. Costs fractions of penny. Has coherent smart contracts.

Literally name one L1 that has anything on ALGO besides "ETH was there first bro, so many people I don't care I have to pay 20 bucks to make a transaction"

Also if you have to bring up an L2 you lose

>> No.52805954

>>52805929
This was impressive in 2019 but not now. Everyone else has caught up to you and we have far more adoption. Sell now before it crabs to zero.

>> No.52806005

>>52805954
Who has caught up?

>> No.52806031

Foundation killed this coin
I’m so mad I bought any, let alone seven thousand
Vote against the foundation on everything

>> No.52806058

>>52805954

What this guy said >>52806005

The only chains that have anything on ALGO in pure objective upside is

A. XMR, for obvious privacy reasons, but higher fees and no smart contracts

or

B. Nano, XNO, feeless, just as fast or faster, but no smart contracts

>> No.52806100

>>52805573
Didn’t just catch up but left in the dust as far as innovation.

Algo is irrelevant

>> No.52806214

I dont want anything to do with a shitcoin that got rejected by Marshall Islands

>> No.52806217

>>52805813
Kek
What a bunch of money grabbing faggots

>> No.52806390

>>52806058
> pure objective upside
As if any of that matters.
Algorand is an amazing product from an engineering perspective and I have played with it quite a bit (wrote and deployed contracts and applications, the AVM is a delight compared to solidity). But that doesn't matter because the non-engineering side of the network has been mismanaged and completely co-opted by greedy VCs who are bleeding it dry. The foundation has been pissing away their token allocation and most of it went into the pockets of borderless capital who is shamelessly dumping on retail bagholders. "Investing" in algorand has been nothing but pain.
Why is Algorand performing worse than Solana, a SCAM running on an AWS server that they have to reboot every few weeks?

>> No.52806455

>>52806390

Algorand did a 10x in its first real bullrun, even with brutal inflation that comes from initial distribution (which, btw, the worst is behind us).

And you basically just answered your own fud.

"Yeah Algo is a legitimately great crypto, but it didn't pull off insane, retarded gains last bull market when other shittier chains did."

You're admitting you have no investment insight or criteria into valuing a chain outside of "unpredictable lottery ticket bullshit == good"

>> No.52806466

>>52805929
Wow bro, would sound impressive in 2015 or something lel

>> No.52806498

>>52806466

Again, no one can really counter my argument outside of "but other shitty chains pulled off irritational gains"

If you really believe that, then why even waste any time arguing in this thread. Why even make value comparisons between chains if it's all a crapshoot anyway. You're saying you have no way of gauging if a coin will do well or not.

>> No.52806527

>>52806498
midwits are just seething because they fell for hype pajeet shit like matic

>> No.52806541

>>52806455
>>52806498
I'm not here to masturbate about how great the technology is. I'm here to make money.
Having good technology is only half of the battle. Robinhood, AirBnB and Uber hired the best engineers on the market and have flawless technology, but they are shit businesses that are currently going bankrupt.

>> No.52806560

>>52806541
You're making a great argument for Algorand as one of the very few chains that has sustainable performance and serious use cases.

>> No.52806561

>>52806541

So what is the other half of the battle? You won't say it outside "le number went up for X, but not for algo"

And no, mumbling something like "m-m-marketing bro" is the not the answer here

>> No.52806742

>>52805429
gary gensler is going to prison and so are the "creators" of this "alt l1". Inshallah, 23 you'll all be in prison.

>> No.52806795

>>52806455
So did EOS from March 2020 lows, actually outperformed ALGO which is pathetic

>>52806527
Midwits bought ALGO, anyone whpy bought in Matic before the bull run made a 200x or better. I don’t even give a shit about Matic just more proof how retarded Algo baggies are

>> No.52806801
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52806801

>>52806541
> I'm here to make money
The entire market is getting shit on you dumb nigger.
Go back moonboy.

>> No.52807244
File: 2.53 MB, 1600x1067, algorand_comfy_chadfolio_chill_steak_king.png [View same] [iqdb] [saucenao] [google]
52807244

>>52805429
M.I.T. is a corrupt institution and algorand is a scam.

eth and link is all there is. and btc.

algo was a vehicle for the heist.

i know people in M.I.T.
and i can factually say, algorand is 100% scam.

now you know.

sorry i played you all for a while.
but i'm telling you the truth right now.

>> No.52807349

>>52807244
I’m not convinced. Convince me. What do the people of MIT know that we don’t?

>> No.52807426

>>52807244
Eth and link are equally corrupt and centralized. The answer is ICP.

>> No.52807644
File: 68 KB, 768x661, jdfgjdfgj.jpg [View same] [iqdb] [saucenao] [google]
52807644

>>52805429
Algorand, Algorand, Algorand, Algorand

>> No.52807785
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52807785

>>52805485
>>52805522

Can you guys keep arguing please? It pumps both chains, but especially ALGO since ICP has paid shills that will engage.

>> No.52807829
File: 52 KB, 504x493, weirdcaptcha.png [View same] [iqdb] [saucenao] [google]
52807829

>>52805429
My fault it tanked. I bought 100 @ $1 and its been sinking since. Spent another $100 @ .50 and it just keeps dropping. Should I buy another $100 worth and push it down into the teens? Also what is captcha trying to tell me....SA is superalgo?

>> No.52807867

>>52807829
Sell algo, buy ICP.

>> No.52807882

>>52807829
state assisted algocide.

>> No.52808007

>>52807829
also, yes. that is 1 of the best investing tactics.

>> No.52808055

>>52807882
Im not Canadian so not an option yet in the states. As far investing tactics, are you referring to dca or buying what the captcha tells me to?

>> No.52808181

>>52808055
dca. algo under 0.25 is a comfy accumulation spot if you're going long.
maybe the captcha ai was trying to tell you something.

>>52807349
don't be fooled by M.I.T. it has sinister shadow entities within.
they are evil. which is sad, because it's always been my favorite college out here.
i always liked the m.i.t. kids. more so than the other colleges.
but deep within m.i.t. and how it does business is very shady/evil.
i dont blame silvio or any of the people that worked on it.
i just mean deep within and immediately outside of m.i.t. def has some evil/shadow demon people. but also, it is probably the best college in boston. by far.
fuck harvard.

>> No.52808251

>>52806561
> So what is the other half of the battle?
Having good leaders. Do you hear anything about the ETH foundation? No, they're just focused on improving ETH.
The Algo foundation on the other hand is focused on enriching their VC buddies and laundering their pre-mine through varying fake charity schemes.

>> No.52808810

>>52808181
kys schizo. You know nothing of the inner workings of MIT. If you did youd have sold your algos long ago.

>> No.52808893

>>52807244
>ETH isn't a scam

>> No.52808898

20k holding here but
>>52805485
is right
>>>>52808888

>> No.52808953

>>52808251

I have heard about the ETH foundation with their premine, delaying of releases, and restrictive staking.

"Dude, I've heard of the Algo Foundation, so it's doomed."

Ok.

>> No.52809121

>>52805929
>UHM you can send the coins
0 dapps
0 users
0 revenue for the chain
0 culture

>> No.52809173

>>52809121
If you want culture come to ICP, weve got mario 64.

>> No.52809271

>>52809173
The same applies doubly to ICP. No future

>> No.52809639

>>52806390
>borderless capital who is shamelessly dumping on retail bagholders.
Proof?

>> No.52810517

>>52805573
Kek. I sold all my ALGO for stablecoins in the beginning of the bear market. No fucking regrets. Staked them on SpoolFi and earned decent passive income at least

>> No.52811332

I feel tempted to buy. It's very cheap atm.

>> No.52811348

>>52805429
I'm done bagging algo, bagging some Ride now before cloudbreaker comes live. I expect some giga gains on both, may be slight more on algo

>> No.52811479

>>52810517
I'm making 0.79 STBL (possibly 0.8 now, haven't checked) daily in staking rewards on Algofi that I'm reinvesting daily back into the pool. Only a month ago my staking rewards was at 0.6 STBL per day. I have ~2k STBL now. A-am I gonna make it? As long as I keep reinvesting all my staking rewards back into the pool daily for compounding?

>> No.52813071

>>52811332
Have fun loosing your assets

>> No.52813086

>>52805429
Is the 6% apy back? It was nice then idk why I'd use it now

>> No.52813146
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52813146

>>52811332
Good idea
i just keep mine on exodus, including Ada and atom waiting for them to do something, but have Tezos baked in the Sylo smart wallet since the reward is okay.

>> No.52815110

>>52808810
>>52807244
What's the CalTech crypto?

>> No.52815322

Algo bros are WAGMI?

>> No.52815333

>>52815322
I hope so. I swapped all my ALGO for STBL and now I'm staking STBL >>52811479

>> No.52815453

>>52811479
You gotta migrate to AlgoFi V2 man, they’ve got STBL2 now and they’re going to kill STBL. According to this proposal which is definitely going to pass, STBL staking will soon stop paying yield altogether. STBL will never reach peg unless the single account borrowing 92% of all STBL starts paying back their debt.
https://gov.algofi.org/t/v1-wind-down-part-1-stbl-complexity-reduction-and-wind-down/485

>> No.52815554

>>52815453
>https://gov.algofi.org/t/v1-wind-down-part-1-stbl-complexity-reduction-and-wind-down/485
So when the STBL staking contract (possibly) becomes "remove-only" in the future, I can just un-stake all my STBL at that point and then swap it all for STBL2 to stake STBL2?

>> No.52815611

>>52815554
Yes, but liquidity for STBL will be limited even with the USDC swapping contract. STBL’s peg is already slipping considerably and farming BANK in V2 is a better opportunity anyway.

>> No.52815615
File: 330 KB, 640x640, tenor.png [View same] [iqdb] [saucenao] [google]
52815615

>go to my algofi vault to vote and then forget about governance until the next perdiod
>my estimate rewards are 900 algos
what the fuck happened with the apy? hoyl shit this is too many algos for governance

>> No.52815697

>>52815611
What do you recommend I do? Un-stake all my STBL right now, opt-out of the STBL staking contract with AlgoDoggo, swap all my STBL for STBL2, then connect my wallet to Algofi V2 and zap all my STBL2 to STBL2/BANK to then farm?

>> No.52815737

>>52815611
Also why is farming BANK in V2 a better opportunity anyway?

>> No.52815740

>>52815697
Swap your STBL for USDC, then swap that USDC for STBL2, liquidity is far deeper that way. I’d personally recommend ALGO/STBL2 liquidity farming if you want an LP strategy, but you can also just lend STBL2 for a pretty consistent 3.5% APR. Deridex is going to change the game and they’re launching by EoY last I heard, all built ontop of AlgoFi. https://www.deridex.org/

>> No.52815848

>>52815737
STBL is growing obsolete and liquidity is drying up. BANK is the AlgoFi governance token and it works sort of like CRV where you lock it up to boost your share of emissions for liquidity farms.

>> No.52815911

>>52815848
>>52815740
If I swap all my STBL into the STBL2/BANK farm on V2, can I lock up all my BANK that's in the farm to boost my LP rewards? Or can I only lock up BANK that's not in any staking/LP/farm pool?

>> No.52815958

>>52815911
You can only lock up the BANK token itself, not the LP tokens or assets in the liquidity pool.

>> No.52815973

>>52815615
ah niggers you should have told me, there is like an extra governance if we used defi options for this period and now the apy is massive. Neat

>> No.52815996

>>52815958
I see. Wish there was an option on V2 to stake STBL2 on its own just like STBL stability pool in V1. I like the simplicity of watching compounding work its slow magic on my stablecoin stake without (too) wild price fluctuations or the impermanent loss of an LP.

I guess I could do that with the USDC farm but I'd rather support Algo's native stablecoin.

>> No.52816084

>>52811332
Wait for 0.15, the VCs are not done dumping
>>52809639
Just look at who puts money in all liquidity pools with aenus rewards. It’s all fucking borderless draining 90% of the rewards then dumping them.

>> No.52816091

>>52815996
You can “lend” STBL2 for 3.5% APR, but you’re not actually lending, just collection STBL2 interest payments.

>> No.52816140

>>52805903
Wrinkly Staci Warden man asshole, ponder the smell and visage

captcha: ASSVWS

>> No.52816182

How the FUCK do I register an ANS name? The website threw an error despite my wallet having over a thousand ALGO in it. Their pajeet support just fucking ignored me when I emailed them.

>> No.52816195

>>52816182
Oh wait it looks like the preferred support channel is FUCKING DISCORD. These fucking goobers.

>> No.52816204

>>52816182
Use nf.domains instead. The whole ecosystem actually uses it and it works perfectly. You pay to keep the domain forever but it’s worth it.

>> No.52816228

>>52816204
Oh wow that worked. Thanks!

>> No.52816806

>>52816182
ANS is a pajeet scam. Use NFDomains.

>> No.52816935
File: 83 KB, 1194x631, algoxmr.jpg [View same] [iqdb] [saucenao] [google]
52816935

>>52806560
If you ignore the retarded moonboy moaning that's still accurate. Algorand as a distributed ledger for assets and smart contracts is good, ALGO as money is not. Which is fine, I prefer Monero as a functional currency anyway, or even USDC (and hey, Algorand is the best version of USDC!).

>>52816806
That was much easier.

>> No.52816984

>>52816204
Ok so I switched to V2 and got the BANK airdrop. Swapped all my BANK to ALGO, then opted out of the Algofi Gov and BANK voting smart contracts, then swapped all my ALGO to STBL2, then I put all my STBL2 into lending for 3.5% APR.

I read the docs for V2 and they use essentially the same interest rate graph model as on the V1, that one graph that looks like a leftward pointing obtuse angle or exponential function, based on the STBL-USDC LP peg now instead of whichever peg they used in V1. Did I get all that right?

>> No.52816996

>>52816984
>based on the STBL-USDC LP peg now
*based on the STBL2-USDC LP peg I mean

>> No.52817003

>>52816984
>>52816996
meant for >>52816091

>> No.52817048

>>52816091
>>52816984
>I read the docs for V2 and they use essentially the same interest rate graph model as on the V1
*The same interest rate graph model for STBL2 lending rewards on V2 as the STBL stability staking rewards on V1, to be clear

>> No.52817155

>>52816984
Good enough. 1/3 of the BANK airdrop is locked for 6 months in the governance contract, so it doesn’t make much sense to opt-out. If you just want to lend STBL2, you’ve got it right.

>> No.52817492

>>52817155
On the "Claim Rewards in the lending market it says I have $0 available to claim (which makes sense, I barely started) and my rewards rate is 0/year. That can't be right? I'm supplying 1.97k STBL2 to the lending protocol..

>> No.52817583

>>52817492
Supplying or borrowing STBL2 doesn’t give you BANK rewards. Borrowing ALGO, USDC and others does. Click the Farm tab in the menu and you’ll find the yield farms.

>> No.52817623

>>52817583
I didn't mean BANK rewards, I mean just the STBL2 that I should be earning from the 3.5% APR lending interest for supplying STBL2. Where can I see that?

>> No.52817661

>>52817623
That accrues continuously, if you click on “actions” it should be under “STBL2 Supplied”

>> No.52817683

>>52817661
Does it auto-compound?

>> No.52817728

>>52817683
Yes. It all sits in the same pool and all the STBL2 interest is minted into that pool. When you withdraw your STBL2, your interest comes with it.

>> No.52817745

>>52817728
Nice. So technically the annual % return for lending STBL2 is 3.5%, but the longer I keep my STBL2 staked in the supply pool without withdrawing, the more my de facto APR% will be something higher like 15% like in the STBL V1 stability staking pool?

>> No.52817753

>>52817728
>>52817745 (cont)
Because of the snowball effect of continuous auto-compounding on my lending interest?

>> No.52817855

>>52817753
>Because of the snowball effect of continuous auto-compounding on my lending interest?
Continuous compounding maxes out in line with the constant "e" so ~2.7x better.

>> No.52817898

>>52817855
So 2.7x of 3.5% which is ~= to 9.45% defacto APR this time next year? (Assuming I don't buy more STBL2 and put more in)

>> No.52817920

>>52817898
Just use the continuous compounding equation. It's middle school algebra.

>> No.52818211
File: 43 KB, 1626x466, Screen Shot 2022-12-10 at 7.45.57 PM.png [View same] [iqdb] [saucenao] [google]
52818211

>>52805429
you WILL buy the pictures of jpegs and you WILL be happy

>> No.52818246
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52818246

>>52805485
>cardano

>> No.52818670

>>52818211
if you want the normies on chain this is a must

>> No.52818964

>>52818670
That 1000-assets-per-wallet-and-each-NFT-is-an-asset-class problem is a giant pain though. Patch when?

>> No.52819007

>>52805429
Already bought the dip. Buying more web3 assets: ORE, DIA, and OCEAN

>> No.52819237

>>52818964
That's fixed now.

>> No.52819514

>>52806005
HBAR is significantly better for one.

>> No.52819566

>>52819514
*gayer and not a real blockchain

>> No.52821091

>>52805429
bitch i got that algorand

>> No.52821749

>>52819566
Czeched

>> No.52822025

>>52805429
>Who buying now?
I'll be happy if this piece of crap crawls somehow up to $1 again. I'll sell it and will never ever touch that shit.

>> No.52822040

any chance of my algo gems pumping any time sson

>> No.52823033

I've done some TA and my conservative prediction for 2023 is $4.83

>> No.52823564

>>52819566
Lol in no way shape or form is “it’s not a real blockchain” an argument. Grow up dumb nigger Algorand is shit and HBAR is the coin that the world will be tokenized on

>> No.52823620

>>52823564
> Comes into Algo thread to shill hbar
Like clockwork lmao
You jeets are too predictable.

>> No.52824281

>>52823620
Nigger I read other threads to see what coins I want to buy, someone asked a question and I answered it

>> No.52824614
File: 353 KB, 679x898, 1656100990188.png [View same] [iqdb] [saucenao] [google]
52824614

>>52824281
> Shills hbar
> Think he's convincing anybody
Lol
Lmao
Keep trying Raj, maybe it'll work one day.

>> No.52824628

>>52824281
Lmao HBAR. Centralized Pajeet scam

>> No.52824674

>>52824614
>>52824628
No real argument. Hedera has:
>10k TPS throttled without sharding
>ABFT security
>huge enterprises and banks running the network
>fair ordering of transactions
>$0.001 transaction fees (FIXED FEES DENOMINATED IN USD UNLIKE RETARDED ALGORAND)
>uses 100x less energy than VISA (read that again I'm not comparing it to other shitty cryptos I'm comparing it to the current system we actually use today)

>> No.52824861

>>52824674
good morning sir

>> No.52827372

>>52824674
Sir please buy my bags
I must feed the village
hbar to moon!!!

>> No.52827429

>>52805429
ill buy 10k if it goes to .10

>> No.52827695

ANOTHER WEEK
ANOTHER NEW LOW

FIRST TO DUMP
LEAST TO PUMP
ALGOSHIT!

>> No.52827782

not me anon, im buying matic during the last month of this year because polygon will be launching zkevm's mainnet early 2023, better stack up before its too late

>> No.52827994

>>52824674
hedera is:
>extremely slow smart contract tps
>centralized as fuck
>paid random corpos to run nodes who otherwise don't give a shit about them
>huge paid shill campaign to dump on retail

whereas algo:
>consensus nodes extremely decentralized
>world class PPOS security design
>smart contract TPS very high
>barely markets to retail
>running actual nation CBDCs, IP, and health records time now

>> No.52828265

>>52807867
I still hold part of my Algo anon for long term gains. I also added flux and Sylo to the mix midyear for their potential in #web3

>> No.52829288

Folks finance just exit scammed lmao. Can't access their liquid governance. RIP

>> No.52829965

>>52822040
Can't be so sure, but i would be betting on DeFi gems which have been building through the bear market like ALBT, OCEAN and DIA.

>> No.52830129
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52830129

>>52824674

>> No.52830138

>>52829288
They're releasing V2 tomorrow which is why website is temporarily down for maintenance.

>> No.52830263

>>52824674
>>52830129
Don't forget a grand total of 14 users

>> No.52830454

>>52805429
Slurping web3 and privacy tokens atm. Fuck Algo though

>> No.52830494
File: 1.28 MB, 1992x1992, nasty pepe.png [View same] [iqdb] [saucenao] [google]
52830494

>7000 algos
>45k hbars

These corpo coins feel like a scam bro, not mooning.

Im just glad they are KIND OF keeping up with the other shitcoins

>> No.52832060

The biggest ALGO blackpill is that real smart contracts on this chain cannot exist. You are trusting your dApp to not fuck you over while creating transactions, or a rogue extension not to swap one of the 20 txs with one that sends all your ALGOs to another wallet. Entire functionality is on the dApp side, not on the decentralized (kek, I know) blockchain side.
This is why ETH has problems and ALGO does not, ETH does things right and calling a SC is simple, all the security is on the SC side. ALGO shifts the burden of security to users browser, which as anyone who has ever coded any JS will know, inherently has not and cannot have any security.

>> No.52832275
File: 190 KB, 1080x1511, Screenshot_20221212_210929.jpg [View same] [iqdb] [saucenao] [google]
52832275

>>52805429
I'm buying, see you at 17c though

>> No.52833496

>>52832060
I guess that's why you can get dust attacked, coin drop attacked on ETH and BSC but not on Algo. Your fud doesn't even make any sense.

>> No.52835366

>>52833496
>dust attacked
Are you retarded? Dust attacks can just as easily happen on ALGO, in fact at a much lower cost thanks to the 0.001 fee

>> No.52836687

>>52807644
Quite interesting that ORE ID supports Algorand. So much for mass adoption

>> No.52836712

>>52805485
Cross-chain protocols will make it big next year. Just take a look at the numbers. I won't be surprised to see more blockchains within the space in the coming year

>> No.52838245

>>52805485
Will rather slurp ADA, MATIC, ENS and ORE

>> No.52838306
File: 5 KB, 167x250, 1667935852802717s.jpg [View same] [iqdb] [saucenao] [google]
52838306

are governance rewards still a thing anymore?

>> No.52838329

>>52830494
At least you have some hbar exposure

>> No.52838420

>>52832275

Based. Target price?

>> No.52839249

>>52832060
you mean all the individual transactions you see listed in every wallet, complete with amounts transferred and increased minimum balance before you decide to acknowledge or decline? yeah, it's terrible, $0 eoy

>> No.52839361

>>52835366
>Dust attacks can just as easily happen on ALGO
No they can't.

>> No.52840203

>>52835366
accounts have to opt into assets before they can receive them, except for algo. so you can send algo and probably write a custom tool to track the utxos. that's the same problem you have with btc, not sure there is an actual solution to this. algorand is already way better at this than eth

>> No.52840890

>>52840203
Then why is algo crumbling?

>> No.52841444
File: 61 KB, 600x600, E7oRBKHXsAU8N2J.jpg [View same] [iqdb] [saucenao] [google]
52841444

>>52840890
Freebies given out by foundation in the past getting dumped for Christmas bonuses by whoever owned them.

>> No.52842244

>>52840890
>why is algo crumbling?
VCs are dumping on retail after siphoning all the rewards. Of course, the foundation is complicit and controls the majority of the supply. I'll stay out of algo until these morons run out of pre-mine.

>> No.52842783
File: 25 KB, 348x393, 026AEE87-E565-4FD2-A3E6-A4EA8917D7FC.jpg [View same] [iqdb] [saucenao] [google]
52842783

Can you bros tell me what you think about my algo startup? It’s called autobookie.com. It’s like a money pot for sports betting.

>> No.52844186

Jkk

>> No.52844204

>>52835366
>doesn't know about opt-in
lol, laugh at the pajeet matic baggy

>> No.52844486

>>52838245
Those are good combos. But missing ETH make's it harbl. Personally my PF is not complete without ETH and XPRESS whose metaverse bank launch will be a plus

>> No.52844548

>>52840890
The cause could be the state of the market. But If you like Drone Racing you should look into It and If you like projects with solid antecedents. I'm talking about payment processing projects you should dyor

>> No.52844593

>>52842783
What is the point of using blockchain if I need to sign up and deposit money and everything is ran on your centralized server? There are much better alternatives for crypto sports betting that don't require any of that. Your interface looks ok though.

>> No.52844873

>>52844593
Don't be a Candyass, I use a non-custodian wallet and it has nothing to do with kyc and you, the user, have sole access to your private keys and thus sole access to your funds

>> No.52845104
File: 7 KB, 250x250, 1651571772624s.jpg [View same] [iqdb] [saucenao] [google]
52845104

>>52805429
It's poverty stake for based fags. All my ALGO now sold for ALBT and accumulating more. Disassociating with failures and building with builders.

>> No.52845138
File: 514 KB, 816x1477, Screenshots_2022-12-13-04-31-22.png [View same] [iqdb] [saucenao] [google]
52845138

Reddit is selling

It's over
If even 0 IQ braindead shills who trust in dog coins can't find HOPIUM in your coin there is no future for you

>> No.52845164

>>52845104
ALBT is actually developing. I've staked my Xpress token on the network, which is run by Alliance Block.

>> No.52846038
File: 19 KB, 362x362, 1551238003931.jpg [View same] [iqdb] [saucenao] [google]
52846038

>>52845138
>Reddit is selling
BUY SIGNAL
U
Y

S
I
G
N
A
L

>> No.52846047

algorrand is scam, RLC is real coin that make algo obsolete

>> No.52846812

>>52807867
Shit wtf would anyone do that faggot. ICP is pure bull shit I would rather in some of other alts like METIS, QRDO, UTK and EGLD

>> No.52847342

>>52845164
It also sponsors an ORE/ETH liquidity mining pool. Good performance for a bear market as bad this

>> No.52847398

>>52844873
How does it work? Is it interoperable across different chains?

>> No.52848297
File: 2 KB, 124x125, 1649662026855s.jpg [View same] [iqdb] [saucenao] [google]
52848297

>>52811332
I've been meaning to pick some up for a couple days, just waiting to see which way the market swings this month.
Mbox and Ride could be a sure bet as well, and would be nice to put a few $$ every month for a couple of years.

>>52819514
>HBAR
I genuinely believe this.

>> No.52848351

Here here, buying shitcoins too like Xoge and Moist Grannies to double the stack!

>> No.52848497

>>52845164
The best open source protocol in crypto. LMaaS is the central bank for passiveincomers like Biz chads.

>> No.52849633

>>52845138
So is this a reddit coin or not? Can you fudders make up your minds? Nothing. NOTHING has institutional adoption like Algorand. It's one of the few chains that isn't a ponzi because in 30 years it will still be used. This cannot be said for nearly any other chain out there including bitcoin. No monkey jpegs don't count.

>> No.52849679

>>52844873
> Winning tastes sweet but pocketing the cash tastes even sweeter. If you’re ready to take money offsite, all you need to do is initiate a withdrawal. AutoBookie is fast and automated! AutoBookie charges a flat, $20 withdrawal fee on all funds leaving the site
Yeah fuck that lol

>> No.52850441
File: 230 KB, 342x342, 1483890559267.png [View same] [iqdb] [saucenao] [google]
52850441

>>52845138
Reddit is selling? Literally just bought another 1k

>> No.52851821
File: 1.36 MB, 1600x1564, JUST2.png [View same] [iqdb] [saucenao] [google]
52851821

BREAKING: Algorand has been CHOSEN to be the public blockchain chosen by the Digital Sureties platform of Italy

Mediterranean bros!

>> No.52851833

>>52822025
Me too man
Me too
Algo is a scam

>> No.52851851

>>52805429
>Buying Scamgorand

>> No.52852343
File: 1.50 MB, 1600x1564, algorand_italy.png [View same] [iqdb] [saucenao] [google]
52852343

>>52851821
Algobros.... wgmi

>> No.52852441
File: 6 KB, 250x250, 1668016862326637s.jpg [View same] [iqdb] [saucenao] [google]
52852441

>>52805429
I'm done buying Algo, sticking to Elrond now, got so many things going on in it's ecosystem, and desu, the recently developed holoride market place, where anyone can buy the skyjack NFT is going to be a bang.

>> No.52852641

>>52851821
At this point any ALGO FUDder is either extremely ignorant, or a paid shill.

>> No.52852746

>>52840890
it's definitely all the dusting attacks, lol. there is one upside to hedera: you won't get dusted, because nobody uses it

>> No.52854493

Any hopium?

>> No.52854551

>>52854493
what always helps is to look at inferior projects, e.g. hedera. i'm always happy to have the foundation instead of a conglomerate of companies that get paid to say they are "participating" when they just have a server in their basement completely managed by hedera. that's just sad

>> No.52854552

>>52852746
>it's definitely all the dusting attacks
No. See >>52841444
>>52854493
>Any hopium?
Plenty. See >>52851821
Source: https://web.archive.org/web/20221213215518/https://www.prnewswire.com/news-releases/algorand-chosen-as-public-blockchain-to-support-digital-guarantees-platform-in-italy-301701287.html

Original:
https://www.prnewswire.com/news-releases/algorand-chosen-as-public-blockchain-to-support-digital-guarantees-platform-in-italy-301701287.html

>> No.52854579
File: 79 KB, 627x431, DD1C0FB6-38FA-403B-A55A-92DCC1CBBBA7.jpg [View same] [iqdb] [saucenao] [google]
52854579

>>52805522
ok anon

>> No.52854617

>>52852746
>dusting attacks
Randomly chosen validators completely prevent this. Stop talking out your ass paid HBAR/ICP goon.

>> No.52854637

>>52854493
Look at the sheer number of bots just in this thread shilling for random garbage
>>52852441
>>52848297
>>52847342
>>52846812
>>52846047
>>52845164
Notice that this never happens for algo in other threads. Algo is going to make it just on the lack of pajeets alone.

>> No.52854663

>>52854579
https://cryptoslate.com/algorand-mainnet-performance-to-increase-5x-after-new-upgrade/
>6000 tps
Now cite your source.

>> No.52854819
File: 66 KB, 1080x990, 1621058197759.jpg [View same] [iqdb] [saucenao] [google]
52854819

>>52854637
The volume of shilling I did find strange.
Thinking the future will be comfy algobros.

>> No.52854907

>>52851821
Anyone else feel like if the headline doesn't pump the price, it doesn't matter?

The project itself won't inherently do anything for the price. Only speculation will, which clearly wasn't generated by the headline. Just storing some information on the chain doesn't really lead to much demand. Crypto is purely speculative and hype driven.

>> No.52854972

>>52854907
It's why utility coins kinda falter. They don't capture enough interest because the utility isn't correlated to the price. Algorand can serve its purpose for Italy and whatever else without the need for an increase in price.

Also all the utility doesn't necessitate a Blockchain.

>> No.52855880

>>52854637
Algo is not bad faggot but the truth is Elrond is way better. Especially when it comes to crypto payments and Metaverse projects.

>> No.52855883

>>52854907
Bruh, there are 500 news stories about this shit and algorand moved less than BTC and ETH today

Literally only pumping because everything else is and it's pumping the least of any other alt-coin

>> No.52856405

>>52854907
I have so many horrible things to say about you. All I need to say is that you should be flipping shitcoins if you want to get rich quick. ALGO is not for you.

>> No.52856556

>>52856405
Have fun off over the technology poorfag, ill be buying ETH and actually making money

>> No.52856573

>>52856405
>getting rich on Algo
>at all
it’s a pipe dream

>> No.52856792

>>52856405
Algo's adoption or tech won't move the price because nobody cares about it anymore

>> No.52856804

>>52855883
I'm agreeing with you dude

>> No.52858103

>>52855880
>1pbtid
sure thing rahj

>> No.52858457

>>52854637
It's definitely bots but also darkness polyjeet and hbaggies. Jump into one of their threads every once in a while, it's inorganic coordinated junk posts. Matic is worst and for sure has a dedicated shill team paid by the Ethereum foundation.

>> No.52858728

>>52856792
Algo is always going to be cheaper than Ethereum unless the network bottlenecks hard and transaction fees leap four orders of magnitude.

>> No.52859307 [DELETED] 

>>52855880
Kek almost the exact thing you said, when I shilled KDA at $0.14 cents before it pumped to like $20
It was not bad but Elrond was better kek

>> No.52859460
File: 732 KB, 300x168, tumblr_d339042b0128c6f301c4b40dc4794c41_496c0504_400.gif [View same] [iqdb] [saucenao] [google]
52859460

>>52805429
How do you make money with algorand? Whats the end game?

>> No.52860831

>>52805429
F

>> No.52862334
File: 3.60 MB, 498x247, 1670927907672167.gif [View same] [iqdb] [saucenao] [google]
52862334

>>52856556
> ETH moves from PoW to PoS
> Has yet to recover after dumping from 1.8k pre-merge
Lol
Lmao

>> No.52862557

>>52862334
ETH has millions of users including many financial institutions. How many does algo have? Ill wait poorfag.

>> No.52862660
File: 184 KB, 986x1024, 1670337585887018.jpg [View same] [iqdb] [saucenao] [google]
52862660

>>52862557
So explain nigger why the price hasn't mooned after the merge? All you mETHeads were preaching that the switch was going to send your outdated shit to the moon.
Cope harder retard. You're fudding in a supposedly irrelevant shitcoin thread. Do you realize how much of a stupid hypocritical retard you sound like?
Can't wait to dump my bags on you, faggot.

>> No.52862838
File: 669 KB, 1080x1347, Screenshot_20221203-092348_Brave.png [View same] [iqdb] [saucenao] [google]
52862838

>>52856556
>>52862557
>ETH
Lol, lmao even.

>> No.52862968

>>52862660
>>52862838
You didn’t answer the question. How many users does your shitcoin have compared to ETH? You were in the top 20 and now you’re falling into the top 30. Sell your bags now or forever be poor.

>> No.52863172

>>52862968
You didn't answer mine either nigger.
Why hasn't ETH pumped since the switch to PoS?
You won't answer that because we both know the answer and all you can do is deflect like a faggot or a woman does.
Sell your mETH before that shit giga dumps back to triple digits.

>> No.52863283

>>52863172
We’re in a bear market. Watch it go to 5000 next bullrun long after your foundation went to 0 and the nodes shut off.

>> No.52863352

>>52863283
> We're in a bear market
Right, so every coin is 90% down.
> Watch it go to 5000 next bullrun
Why? There's no more miners which was the main driving factor.
Nobody gives a fuck about the environmental gains or the slow as shit burn.
Eth is going to end up like LTC; a coin of the past that reigned for a time but is only held by people stuck in the past.
> I-i-it'll totally go back to 5000 again, just you watch!
Delusional.

>> No.52865065

>>52805429
What’s a decent 2023 prediction

>> No.52865310

When I first found Bitcoin in 2011 I believed it was going to change the world. I've made a penny off it, but ultimately have lost faith in it achieving the vision I had in it. Of all the chains Algorand is the only one that gives me the same feeling I had then, and I have money to spare now. If steam had accepted algorand instead of btc it wouldnt have given up on crypto. A few cryptos will survive and acheive the vision I had for this tech, and algorand is the only one close. Until your local janitor is using their algo/crypto wallet to scalp tickets for the theater they work at and students use the chain to validate their transcripts we aren't even close to peak adoption and valuation.

Also any chain that can't finalize a transaction in the time it takes me to pick my nose will be dead and worthless in under a decade.

>> No.52865587

>>52844873
You can use an algosigner wallet and a ledger (soon) after the next purestake cycle. You don’t have to deposit anything at all.

>>52849679
Ok well I don’t make a profit on the bets and every other site scams you with rollover and fees/caps on withdrawals. I’m lowering the withdrawal fee this cycle so just hush.

>> No.52865701

>>52844593
I need a place to manage the event contracts and funnel users. I’m trying to make it normie friendly. Glad you like the interface.

You don’t actually need to deposit, you can bet with an external wallet through algosigner if you are putting big bets down. Eventually I hope the average bet is over $10-$20…so like maybe you are a baller and bet $150 with a chance to double up, so who cares if you pay a withdrawal fee, your usdc goes right back to your own private wallet.

>> No.52865799

>>52863352
>Right, so every coin is 90% down
Algo is down way more than others when you consider the dilution it's had

>> No.52866006

>>52865065
0. Imagine not buying ETH instead.

>> No.52866029

>>52865310
It’s only fast because THERES NO ONE ON IT YOU FUCKING RETARD!

Holy shit, when will you fuckheads realize the ETH fees are a FEATURE NOT A BUG

>> No.52866385

>>52865799
Unless Algo gets obliterated like Icy Piss and Luna, it'll survive.
99% and 90% are nonfactors when the entire market shits itself.
If pieces of shit like Solana can make it, so will Algo.

>> No.52866494

>>52866385
The foundation is running out of money and theyll be shutting down the nodes when they do. Your shitcoin is dead in the water without some major adoption.

>> No.52866755

>>52866029
nice cope, but you clearly don't understand how to scale the chain and what ETH's issues are. Fee's are irrelevant outside of preventing transaction spam and being a form of chain tax. ETH has been plagued with a number of security flaws at both the organizational and technical level in addition to being massively inefficient. Its success is purely memetic making it as valuable as dogecoin longterm. I'd sell what you have while it still has value. You think the next generation is going to care about your cryptokitty collection? You think mastercard or visa or state banks are going to give a shit about your beacons and sharding when they can get liquidated by your shitty smart contracts and have a 100x cost basis for supporting transactions vs other chains? get fucked

>> No.52866786

>>52866385
It's 90% + billions of extra tokens

Algo didn't outperform during its first cycle. That's typically a death signal for alts

>> No.52866866
File: 25 KB, 600x484, peepee.jpg [View same] [iqdb] [saucenao] [google]
52866866

>>52865799
>when you consider the dilution it's had
>Algo is down way more

>> No.52867020

>>52866866
The market cap has grown far more than the price... Now you have a huge market cap near ATL... Any potential gains have been severely stunted.

>> No.52867382

>>52867020
market cap down 88% since 2$ in nov 2021
price down 89% at .22 now
dilution has gone to holders through various programs averaging around 7%APR

having dilution and not having the price down
much more is better performance than if there was no dilution.

ChainA holder Alice has 5/10 coins worth 1$ a piece and then later they're valued at .1$. Alice down 90% and sad. ChainB holder BOB has 5/10 coins worth 1$ a piece. Later there are 10 coins minted for a total of 20 coins and 5 are rewared to Bob for being an early holder. Bob now has 10/20 coins but market was also bad and price is down to 90% .1$ a coin. Who is worse off?

>> No.52867466

>>52867382
>>52867020
>>52866385
Just tell me this shit is going to at least a dollar

>> No.52867492

>>52867382
Dilution hasn't gone to you at all

Algo is down 90% like everything else but with billions of additional tokens. Check the supply change from ATH compared to others. And this isn't even considering how Algorand is in the shitter with all the Foundation drama. People aren't interested in this coin anymore and now there's a fuckton of extra supply in the way of you getting back to ATH.

>> No.52867551

>>52867466
We pray for the same miracle, anon

>> No.52867703

>>52867382
11/4/2020
Algo price: $0.23
Circulaging supply: 3 billion
Market cap: $800 million

12/14/2022
Algo price: $0.22
Circulating supply: 7 billion
Market cap: $1.6 billion

Same price butar more supply and far bigger market cap. You think you can get back to ATH just as easily with those numbers? Your gains were sucked away from you.

>> No.52867833

>>52867703
uh oh spagheddios

fortunately with each bullrun liquidity increases, and market cap =/= volume. iirc BTC only took about 100B of volume to go from 6k to 60k, which was about 120% of its mcap at 6k

pure retard speculation. but 2B of volume in a bull market could push algoshit to one ameribuck

>> No.52867853

>>52867382
>dilution has gone to holders
Dilution has gone to borderless capital and other VCs who made hundreds of millions by dumping on retail at the very top.
Take a look at who is siphoning all the aeneas rewards in the liquidity pools.

>> No.52867910

>>52867492
lets say in the previous example Bob gets boned and only gets 1 coin for being an early holder he still has more value than Alice despite being pushed out of being a majority holder of market share. If he got nothing then yeah he could feel cheated out of market gains of the chain but hes not worse off. The chain has been picking up massive interest across the globe with tons of active development thats only just started in the last few months

>> No.52867915

>>52867833
I don't think much liquidity will go to Algorand because it's soured too many people. People are going to move on to the next best thing.

Sure, it'll pump during the next bullrun, but so will literally everything else. I wouldn't place my bets on it outperforming anything.

>> No.52867920

>>52867853
Aeneas rewards? More like Anus rewards.

>> No.52867968

>>52867910
The issue isn't only just on paper. It's perceptual too. They fucked up royally with the tokenomics. But even that is just one part of the story for its demise.

>> No.52868116

>>52867910
>The chain has been picking up massive interest across the globe with tons of active development thats only just started in the last few months

All of these are either overblown nothingburgers or things the market doesn't care about and won't pump the price.

>> No.52868593

>>52867703
I've been operating under a 10 bil circulating supply mentality. play the game and slurp what you can while you can. The market for me across the board is exactly where it was 2 years ago but I've taken gains and 10x'd my stack.

>>52868116
You're right real adoption definitely won't move the price in anyway. I'll just go fuck myself, as I don't know how to gambel.

>> No.52868686

>>52868593
>You're right real adoption definitely won't move the price in anyway.

Not if nobody cares about it.

Making transactions doesn't do anything to the price. How will El Salvador writing the details of someone's house deed to the chain increase the price even by a cent?

This is the reality of crypto's highly speculative market. This isn't your delusion of how you WANT the market to be. Algorand has adoption, already, right now. And it's still a shitcoin when it comes to treating it like an investment.

>> No.52868750 [DELETED] 

>>52868593
I suggest you look at how many coins never reached their 2017/2018 peak again. Look at how many fell out of the top 20 and ever regained prominence. Look at how many underperformed their first cycle and outperformed during their next. Please, actually look into this when you have time. People recognize shitcoins and move on quickly.

>> No.52869191

>>52868686
you need algo to make that happen and algos are a limited resource. You're holding digital realestate which could be said of all cryptos, but most people cant differentiate beach front property from an rv park in the desert metaphorically speaking. algorand is the best property because it fulfills its role as blockchain software the better than any other and if you want to challenge that statement I'm open to hear why another chain is better at a "technical level". You think I care my beach front property is worth less than some vacant resourceless plot in the desert? no I'm buying more from the chodes who don't understand what they have and are treating it like some failed get rich quick scheme. Oh wow this desert plot has been growing in price like crazy I should buy that and not the scenic beach front with gold ore just lying around that's going down in price as the market is always right. This is the time we live in where people are smug about their shitcoins purely off price performance.

>> No.52869351

>>52869191
The chain is extremely inexpensive. Thinking the price will pump purely from demand with these projects is a pipe dream. Algorand may very well serve its purpose but it doesn't mean the token is going to pump. Price is all that matters, your centralized shitcoin tech that bumped node requirements from a Pi to a decent laptop just to achieve 6k tps despite having permissioned supercomputer relay nodes, doesn't even offer a proper programming language, and came more than a year late to DeFi while calling it "progress" don't matter

>> No.52869490

>>52869351
>Price is all that matters
there it is

>> No.52869517

>>52869490
Again, I'm speaking to the reality of the market. Not how you wish things were. But stay in it for the tech bro :laughing_with_tears_in_eyes_emoji:

>> No.52869644

>>52869351
The price will pump organically once adoption takes off because active wallets have to lockup algos to use contracts. This means transactions remain cheap while algo moons as a "price to enter". Silvio has several PHD publications on game theory in addition to his invention zk-proofs. I'm going to put my money on Algo winning in the long run.

>> No.52869747

>>52869644
Where were Silvio's achievements when the price inflated like crazy last year and turned many off this coin? Silvio hasn't figured out shit for Algorand except the for the consensus cryptography itself. The lockups will be insignificant as there will still be billions of Algo floating around with no demand to pick them up, and probably early backers/foundation still dumping. 2030 is gonna fix everything, though

>> No.52869767

>>52869747
Supply*

>> No.52870224
File: 114 KB, 1000x903, algochan.png [View same] [iqdb] [saucenao] [google]
52870224

Would you anons use a decentralized 4chan built entirely on ALGO?

>> No.52870244

Scam

>> No.52870334

>>52870224
No. Imageboards are the worst possible use of blockchains, because distributed imageboards always fill up with CP.

>> No.52870639

>>52870334
Images are fetched from IPFS, someone who wants to post CP either has to host it themselves or use another service which will most likely ban them almost instantly
Would be an experiment, but I think it would self moderate content that is illegal

>> No.52871140

>>52870224
based

>> No.52871505

>>52870244
Based. What coins do you hold?

>> No.52871987

>>52870224
Some anon was shilling a reddit clone built on algo a few months ago but looks like his project is abandoned.
My take on decentralized social media is that either it's too expensive to post in which case nobody is posting, or it's too cheap in which case it's 100% spam. Besides if you start your own website, nobody is gonna censor it. You will only run into problems if you are hosting CP or copyrighted content.

>> No.52873013

>>52871987
Algo pedo detected. Should call this chain Pedorand

>> No.52874719

bump