ALGO

jps_

> add a “Digital Securities” definition and define who can invest… like answer a learn and earn so you know what you are investing in. Make projects issue a transparency report like ALGO does. Dox all executive project team members. This is, by the way, what existing securities laws require. Not just the 'doxing' of executive team members, and transparency, but consequences if for anything opaque if it goes wrong. It isn't that the regulations are missing, it's that the crypto bros who are running these projects don't want to be held liable for the promises they are making. Because who would, if they didn't have to?

Sarah_RVA_2002

> Yeah totally doesn’t smell like a ploy team Warren cooked up… >The lawsuit alleges that the digital assets listed on Coinbase are securities. This includes Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), Algorand (ALGO), Uniswap (UNI), Tezos (XTZ), and Stellar (XLM). The plaintiffs argue that these tokens constitute ‘investment contracts,’ subject to state securities laws OK, so just don't invest in them. I wish I could punch these people in the face.

Grunblau

Yeah totally doesn’t smell like a ploy team Warren cooked up… Why doesn’t anyone point out that the reason that it is so important that crypto be found to be unregistered securities is because then only rich “accredited investors” can be involved. For us normal people’s own protection, of course. This would kill most projects instantly. Add a “Digital Securities” definition and define who can invest… like answer a learn and earn so you know what you are investing in. Make projects issue a transparency report like ALGO does. Dox all executive project team members. This isn’t hard and will come eventually but waiting for it is exhausting.

acecardx321

I haven’t been in this sub for awhile. I only hold BTC, ETH, & LINK. Can somebody fill me in on ATOM, ADA, & ALGO? How are those coins holding up?

Oheson

Not just ETH. A new lawsuit against Coinbase for - ALGO, MANA, MATIC, NEAR, UNI, SOL, XLM & XTZ Careful how you shitcoin boys. No Alt is safe.

blorpianblorp

Flashbacks of ALGO lmao... take a look at X and what they are doing with Y. Its gonna be a huge deal/partnership

Simke11

It's missing ADA, ALGO and DOT

CointestMod

#Algorand Con-Arguments Below is a Algorand con-argument written by CreepToeCurrentSea. > Algorand is an open-source, decentralized cryptocurrency and smart contract platform founded by Silvio Micali on 2017. It operates through a Proof of Stake variation called the Pure Proof of Stake. It officially launched it's main network on 2019. It's native token is called ALGO. Algorand is composed of a company and a foundation. The company functions on the core development of the protocol whereas the foundation oversees award funding, cryptographic research, on-chain governance, and decentralization of the Algorand network including nodes. > > # CONs > > **Reliance on the Company and the Foundation** > > * Algorand can thank the foundation and the company for their current success, but that same support could also be the reason for Algorand's downfall. If funding is cut off or a scandal arises within the company/foundation, it will have a negative impact on Algorand's development and price action. Another example is that Algorand can still be modified via a governance poll or protocol change in response to external requirements/demands from government entities. > > **Tight Competition** > > * Just like the many other alt-coins existing in crypto, Algorand is just one of the inferior coins (by market capitalization) that are competing to be the next "Ethereum Killer". So far, no coin has been able to outperform Ethereum. One could argue that Ethereum only has the upper hand because of its first mover advantage, but the fact remains. > * Aside from the Pure Proof of Stake model, all of the other technologies, such as smart contract functionality and Decentralized Finance, were already present in other cryptocurrencies before Algorand even went mainnet in 2019. This makes it difficult for Algorand to keep up with the constantly evolving technologies of other networks/coins contending to dethrone Ethereum. > > **Not the best Tokenomics** > > * According to data from intotheblock, an analytics platform, the circulating supply of Algorand has been steadily increasing since 2021, from 800 million ALGO to nearly 3 billion, and it is now at 7.2 billion ALGO, with a projected increase to 2030. > > **Majority of Holders at a Loss** > > * Using the same analytics platform, intotheblock displayed the percentage of addresses that are profitable versus those that are still making losses. Only 3% are profitable, with a total address count of 501.6k, compared to 96.5%, or 15.91m addresses, who are incurring losses. Profitable addresses are most likely those users who purchased in the early years. This would definitely send a negative message to interested investors/users looking to get exposed in the Algorand ecosystem. > > *Sources:* > > [*https://en.wikipedia.org/wiki/Algorand*](https://en.wikipedia.org/wiki/Algorand) > [*https://doi.org/10.48550/arXiv.1607.01341*](https://doi.org/10.48550/arXiv.1607.01341) > [*https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all*](https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

CointestMod

#Algorand Pro-Arguments Below is a Algorand pro-argument written by CreepToeCurrentSea. > Algorand is an open-source, decentralized cryptocurrency and smart contract platform founded by Silvio Micali on 2017. It operates through a Proof of Stake variation called the Pure Proof of Stake. It officially launched it's main network on 2019. It's native token is called ALGO. Algorand is composed of a company and a foundation. The company functions on the core development of the protocol whereas the foundation oversees award funding, cryptographic research, on-chain governance, and decentralization of the Algorand network including nodes. > > # PROs > > **The Founders** > > * The creators/founders of a network/protocol are one of the most important factors influencing its future. The more experience they have in the field, the more likely a project will succeed. Enter Algorand's founders, Silvio Micali and Jing Chen. Micali is an Italian computer scientist and professor at MIT. He is best known for his early work on public-key cryptosystems, pseudorandom functions, digital signatures, oblivious transfer, secure multiparty computation, and is one of the co-inventors of zero-knowledge proofs. Chen is Algorand Inc.'s Chief Scientist and Head of Theory Research. Game theory, mechanism design, distributed ledgers, smart contracts, and algorithms are among her research interests. She is a member of the Computer Science Department at Stony Brook University. She is also associated with the Department of Economics and the Center for Game Theory in Economics. This is just a summary of their experiences, and it demonstrates how serious they are about finding a solution to the blockchain trillemma while also improving the Algorand protocol's unique strengths. > > **The Protocol** > > * As indicated previously in the introduction, Algorand employs PPoS, a variant of the PoS algorithm in which validators of the network are not rewarded and are not at risk of being slashed. It becomes hard for the minority to cheat, and cheating the system would be illogical for the majority because it would devalue their assets. There is also no token locking, thus a user's tokens are always available. Based on this rationale, regardless of the amount of alleged bad actors in the system, it would result in a loss for them while keeping the network safe. > > **Security** > > * Security is essential for a network to run efficiently, safeguard digital assets, and build confidence with other companies/entities. Without this, a network will eventually fail or, worse, be hacked. Algorand divides security into three levels: user security, consensus security, and partition security. > * User-Level Security is primarily concerned with the security of a user's stake. Users will be given a spending key as well as a participation key. The Spending key will be used to sign transactions and spend stakes, whilst the Participation key will be used to propose and confirm blocks. Both these keys are separated with the Participation key being secret and can be stored in cold storage. > * Consensus-Level Security focuses on preventing bad actors from corrupting the network by seizing control of block generation. This is accomplished through the secret and random selection of users to participate in the certification of blocks. The bad actor will be unable to determine which user will generate the block, and by the time the bad actor does, the action will have already been completed. > * Partition-Level Security increases resistance to network partition attacks. The goal of bad actors who do this is to double-spend their money in the network by creating a contradiction of transactions, completely asynchronous the network, and have complete control over who receives which messages and when. This does not happen in the Algorand network because the bad actor cannot deceive the users in the same round with this strategy because the Algorand blockchain will never fork, and all transactions in the network are final. > > **Scalability** > > * Algorand utilises Pure Proof of Stake (PPoS) consensus, in which network validators are not rewarded and are not at risk of being slashed. In contrast to Bitcoin's Proof of Work model, it will not require network participants solving cryptographic puzzles for the production/validation of blocks, resulting in less computation waste. A user only needs to generate and verify signatures and count operations, with the cost based solely on the number of selected users for each block, which is constant and unaffected by the overall network size. As a result, the network would be able to serve millions of users while maintaining a higher TPS and lower computation cost. > > > **Crypto Rating** > > * Algorand received a 2 out of 5 rating from the Crypto Rating Council (CRC) in its Securities Framework Asset Ratings. When an asset appears to have many characteristics that are consistent with the Howey-test factors, it receives a score of 5. When an asset appears to have few characteristics that are consistent with the Howey-test factors, it receives a score of 1. Based on this rating, the SEC will be less likely to rule Algorand as a security. It also helps that both the foundation and the company, Algorand, are committed to decentralized development. > > *Sources:* > [*https://en.wikipedia.org/wiki/Algorand*](https://en.wikipedia.org/wiki/Algorand) > [*https://doi.org/10.48550/arXiv.1607.01341*](https://doi.org/10.48550/arXiv.1607.01341) > [*https://en.wikipedia.org/wiki/Silvio\_Micali*](https://en.wikipedia.org/wiki/Silvio_Micali) > [*https://www3.cs.stonybrook.edu\/\~jingchen/*](https://www3.cs.stonybrook.edu\/~jingchen/) > [*https://www.algorand.com/technology/technical-advantages*](https://www.algorand.com/technology/technical-advantages) > [*https://messari.io/asset/algorand/profile/technology*](https://messari.io/asset/algorand/profile/technology) > [*https://www.algorand.com/technology/security*](https://www.algorand.com/technology/security) > [*https://www.algorand.com/technology/scalability*](https://www.algorand.com/technology/scalability) > [*https://www.cryptoratingcouncil.com/asset-ratings*](https://www.cryptoratingcouncil.com/asset-ratings) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

Grunblau

Hmmm… checks ALGO price…

Joeyfishfingers

This is why looking at the team behind the project is so important ALGO has the best team

noncognitive

It's not self-awareness, it's self-pity and ignorance. People do use their crypto, and that's one of the reasons why Algo and Nano are not popular. Nano has zero use cases outside of payment. People don't trust it as a currency to hold. With no fees and no inflation, the network has no incentive for miners to secure it. It uses dPos, but with zero rewards, there is no incentive for honest actors to participate as validators. Nano has also rebranded twice, and has been the focus of a serious exchange exploit that only affected Nano (then Raiblocks) and no other tokens on the exchange. Neither NANO nor ALGO are EVM compatible, and due to this, neither have any worthwhile dapps.

JustinCompton79

Time to go buy more ALGO now…

troythedefender

I have some, I figure it's worth holding at least until 2030 when it reaches max supply. Algorand isn't from 2021 cycle, it and the Algorand foundation was founded in 2017. It has a hard cap on tokens of 10 billion, of which over 8 billion are already circulating. It has had a lot of inflation over the last couple years but it will end completely in 2030. From its website: Algorand (ALGO) was created by a seasoned cryptography expert, Silvio Micali, who is a professor at the Massachusetts Institute of Technology (MIT). In 2012, he received the Turing Award for his work in cryptography. He co-created many of the well-known cryptographic technologies that are used in some of the top blockchain projects, like Cardano. Micali co-created zero-knowledge proofs, verifiable random functions, and other cryptographic protocols, and has been working in the field since the 1980s.

cosmoboy

ALGO died because it was 30% of my bag. I'm currently killing ADA.

CointestMod

#Algorand Pro-Arguments Below is a Algorand pro-argument written by CreepToeCurrentSea. > Algorand is an open-source, decentralized cryptocurrency and smart contract platform founded by Silvio Micali on 2017. It operates through a Proof of Stake variation called the Pure Proof of Stake. It officially launched it's main network on 2019. It's native token is called ALGO. Algorand is composed of a company and a foundation. The company functions on the core development of the protocol whereas the foundation oversees award funding, cryptographic research, on-chain governance, and decentralization of the Algorand network including nodes. > > # PROs > > **The Founders** > > * The creators/founders of a network/protocol are one of the most important factors influencing its future. The more experience they have in the field, the more likely a project will succeed. Enter Algorand's founders, Silvio Micali and Jing Chen. Micali is an Italian computer scientist and professor at MIT. He is best known for his early work on public-key cryptosystems, pseudorandom functions, digital signatures, oblivious transfer, secure multiparty computation, and is one of the co-inventors of zero-knowledge proofs. Chen is Algorand Inc.'s Chief Scientist and Head of Theory Research. Game theory, mechanism design, distributed ledgers, smart contracts, and algorithms are among her research interests. She is a member of the Computer Science Department at Stony Brook University. She is also associated with the Department of Economics and the Center for Game Theory in Economics. This is just a summary of their experiences, and it demonstrates how serious they are about finding a solution to the blockchain trillemma while also improving the Algorand protocol's unique strengths. > > **The Protocol** > > * As indicated previously in the introduction, Algorand employs PPoS, a variant of the PoS algorithm in which validators of the network are not rewarded and are not at risk of being slashed. It becomes hard for the minority to cheat, and cheating the system would be illogical for the majority because it would devalue their assets. There is also no token locking, thus a user's tokens are always available. Based on this rationale, regardless of the amount of alleged bad actors in the system, it would result in a loss for them while keeping the network safe. > > **Security** > > * Security is essential for a network to run efficiently, safeguard digital assets, and build confidence with other companies/entities. Without this, a network will eventually fail or, worse, be hacked. Algorand divides security into three levels: user security, consensus security, and partition security. > * User-Level Security is primarily concerned with the security of a user's stake. Users will be given a spending key as well as a participation key. The Spending key will be used to sign transactions and spend stakes, whilst the Participation key will be used to propose and confirm blocks. Both these keys are separated with the Participation key being secret and can be stored in cold storage. > * Consensus-Level Security focuses on preventing bad actors from corrupting the network by seizing control of block generation. This is accomplished through the secret and random selection of users to participate in the certification of blocks. The bad actor will be unable to determine which user will generate the block, and by the time the bad actor does, the action will have already been completed. > * Partition-Level Security increases resistance to network partition attacks. The goal of bad actors who do this is to double-spend their money in the network by creating a contradiction of transactions, completely asynchronous the network, and have complete control over who receives which messages and when. This does not happen in the Algorand network because the bad actor cannot deceive the users in the same round with this strategy because the Algorand blockchain will never fork, and all transactions in the network are final. > > **Scalability** > > * Algorand utilises Pure Proof of Stake (PPoS) consensus, in which network validators are not rewarded and are not at risk of being slashed. In contrast to Bitcoin's Proof of Work model, it will not require network participants solving cryptographic puzzles for the production/validation of blocks, resulting in less computation waste. A user only needs to generate and verify signatures and count operations, with the cost based solely on the number of selected users for each block, which is constant and unaffected by the overall network size. As a result, the network would be able to serve millions of users while maintaining a higher TPS and lower computation cost. > > > **Crypto Rating** > > * Algorand received a 2 out of 5 rating from the Crypto Rating Council (CRC) in its Securities Framework Asset Ratings. When an asset appears to have many characteristics that are consistent with the Howey-test factors, it receives a score of 5. When an asset appears to have few characteristics that are consistent with the Howey-test factors, it receives a score of 1. Based on this rating, the SEC will be less likely to rule Algorand as a security. It also helps that both the foundation and the company, Algorand, are committed to decentralized development. > > *Sources:* > [*https://en.wikipedia.org/wiki/Algorand*](https://en.wikipedia.org/wiki/Algorand) > [*https://doi.org/10.48550/arXiv.1607.01341*](https://doi.org/10.48550/arXiv.1607.01341) > [*https://en.wikipedia.org/wiki/Silvio\_Micali*](https://en.wikipedia.org/wiki/Silvio_Micali) > [*https://www3.cs.stonybrook.edu\/\~jingchen/*](https://www3.cs.stonybrook.edu\/~jingchen/) > [*https://www.algorand.com/technology/technical-advantages*](https://www.algorand.com/technology/technical-advantages) > [*https://messari.io/asset/algorand/profile/technology*](https://messari.io/asset/algorand/profile/technology) > [*https://www.algorand.com/technology/security*](https://www.algorand.com/technology/security) > [*https://www.algorand.com/technology/scalability*](https://www.algorand.com/technology/scalability) > [*https://www.cryptoratingcouncil.com/asset-ratings*](https://www.cryptoratingcouncil.com/asset-ratings) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

Ofulinac

ADA and ALGO are not the holiest of choices tbh

tika_dengu

Good day so far, church followed by weekly DCA of ADA, ALGO and VET. Thank you Lord.

Trip_seize

ALGO

conceiv3d-in-lib3rty

The foundation already dumped everything they had available to dump. majority of $ALGO left with foundation is for Governance rewards. I would not be surprised if there’s a supply increase within the next 12 months. The fact that this blockchain has so many diehards is concerning. What good is all this great tech™ when you have a disaster of a team running the show?

ExplanationSweet6907

In a long term, I would avoid memecoins and I would invest in solid projects like $CHZ or $VR. And of course in BTC, ETH, ALGO. But this is somethinh what I would do, DYOR.

biba8163

> $ALGO has more potential developments on its roadmap  Really? - They used investor money from token dumps to buy dead file sharing companies Napster and Limewire. Are they planning on buying Kazaa or eMule? - How many more billion tokens is the Foundation dumping? - How many more billion tokens is the Foundation going to create and will Silvio Micali get another 20% founders gift after they run out of money? And you know shitcoin foundaitons like Algorand that like dumping on investors are guaranteed to increase the supply after they run out of money - NEM which was staple top 10 crypto in 2017/18 increased its supply with a new token when the Foundation ran out of money https://www.reddit.com/r/CryptoCurrency/comments/ao4yb2/nem_xem_decentralized_governance_gone_wrong_nem/ https://www.reddit.com/r/CryptoCurrency/comments/mlixbw/crypto_tragedy_2021_nemxem_40_drop_in_hours/ - Stratis which was a top 10 crypto in 2017 increased its supply with a new token when they ran out of money https://www.reddit.com/r/CryptoCurrency/comments/jlga8p/scam_alert_the_stratis_team_has_announced_a_token/ - IOTA which was once a top 5 crypto increased its supply by 60% recently when they ran out of money http://www.reddit.com/r/CryptoCurrency/comments/16ms0f3/drama_in_a_unilateral_decision_iota_foundation_ceo_announces_60_new_token_s/k1abhle?context=3 - CRO did a 2nd ICO where the original token holders went from holding "0.002% of the supply to only holding is only worth 0.00001%" in a "major switch scam." https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay_away_from_the_cryptocom_scam_they_cheated/ - Polygon is increasing its supply by 20% to give 10% to node operators and 10% to the Polygon team https://np.reddit.com/r/CryptoCurrency/comments/1byygey/trying_to_understand_how_polygons_token_migration/ - RocketPool tokens went from a hard limit of 18M to 5% infinite inflation to pay for development

philter451

Came here to say $ALGO. It just works quickly and constantly. That and $NANO but $ALGO has more potential developments on its roadmap 

averysmallbeing

ALGO has an awful hardware wallet user experience. Any slightly complex operation requires multiple transactions, in some cases I recall having to sign 5 or 10 different transactions using a hardware wallet to interact with my funds or engage with defi protocols. 

tika_dengu

ADA and ALGO have been named in a forbes article on dead blockchains. The enemies are rattled and planting articles in mainstream media to spread FUD. If this isn’t bullish, I don’t know what else is. Load up.

Deep-Cow9096

I have a stack of ALGO and SOL along with bitcoin. I farmed some tokens off Pixels and trying to get the airdrop off Wilds Forest. RON is my focus for now

biba8163

Most hyped tech meme narratives from the the 2017/18 cycle... - April 2017 --> XRP is the Standard! Banks are about to adopt XRP while you invest in joke projects. - May 2017 --> Stratis is the future of Blockchain tech, smart contracts written in C#. Devs are going to flock to the platform - June 2017 --> IOTA is going to be the backbone for the "machine to machine (M2M) economy, this will become the underlying protocol for the internet of things" - July 2017 --> SIA and Golem are going to revolutionize tech creating a paradigm shift in storage and computing. This isn't like 2013 meme coins, we have serious projects in 2017. - August 2017 --> NEO is the Chinese Ethereum, programmable in multiple languages, developer community only second to Ethereum, embraced by China, the market the potential is massive - September 2017 --> Bitcoin Cash is the real Bitcoin. Bigger blocks, blockstream sucks, Roger Ver is the lord and saviour. - October 2017 --> OMG is going to bank the unbanked. The future of blockchain. Scaling Ethereum L2 with Plasma! Just look at the team. Lightning Network creator Joseph Poon. Vitalik himself is an advisor! - November 2017 --> Vertcoin because ASIC resistance is the future - December 2017 --> REQuest Network is the most important financial project to crypto. They are a Y-Combinator startup so you know they are very aggressive! - January 2018 --> Raiblocks (NANO) is fast and feeless and will kill every inefficient blockchain currency - February 2018 --> Vechain is going to be the first crypto with enterprise adoption. Look at all those partnerships. Look at the technology, the project is a copy pasta of the Ethereum code base but it's Chinese innovation nonetheless. - March 2018 --> ICON, it's the Korean Ethereum, they're partnered with a ton of Korean banks, hospitals, universities....and you know Koreans support their own projects. ...reminds us not to give up on your bullshit tech innovation narratives. Your shitcoin is not going to die because people will rather baghold forever than admit they are wrong... 2021 > Don't confuse short term price action with long-term fundamentals. Nano works, ever better, and that's starting to be recognised https://np.reddit.com/r/CryptoCurrency/comments/qc21qm/honest_question_is_nano_dead_what_can_be_done_to/hhd7eug/ > You should check out what ICX has done, is doing and will do during these years....Agreed. Not even remotely dead. https://np.reddit.com/r/CryptoCurrency/comments/qgnsj0/which_cointoken_is_completely_deadnearly_dead/hih8v5b/ > (REQ) are definitely not dead, they are currently building an escrow system that will ultimately allow for invoice financing for projects in the crypto space....The team has a very practical mentality, focussing on product and adoption. Currently almost a thousand businesses are using Request to process their payments, adoption increasing almost exponentially https://np.reddit.com/r/CryptoCurrency/comments/qlohgo/i_thought_req_was_dead/ ...so keep holding DOT, ALGO, etc whatever bullshit tech you bought the last cycle. The market is wrong, you are right and there is no way you got scammed. Now go make a post about what big scams meme coins are -- that'll really make you feel and look smart.

biba8163

Most hyped tech meme narratives from the the 2017/18 cycle... - April 2017 --> XRP is the Standard! Banks are about to adopt XRP while you invest in joke projects. - May 2017 --> Stratis is the future of Blockchain tech, smart contracts written in C#. Devs are going to flock to the platform - June 2017 --> IOTA is going to be the backbone for the "machine to machine (M2M) economy, this will become the underlying protocol for the internet of things" - July 2017 --> SIA and Golem are going to revolutionize tech creating a paradigm shift in storage and computing. This isn't like 2013 meme coins, we have serious projects in 2017. - August 2017 --> NEO is the Chinese Ethereum, programmable in multiple languages, developer community only second to Ethereum, embraced by China, the market the potential is massive - September 2017 --> Bitcoin Cash is the real Bitcoin. Bigger blocks, blockstream sucks, Roger Ver is the lord and saviour. - October 2017 --> OMG is going to bank the unbanked. The future of blockchain. Scaling Ethereum L2 with Plasma! Just look at the team. Lightning Network creator Joseph Poon. Vitalik himself is an advisor! - November 2017 --> Vertcoin because ASIC resistance is the future - December 2017 --> REQuest Network is the most important financial project to crypto. They are a Y-Combinator startup so you know they are very aggressive! - January 2018 --> Raiblocks (NANO) is fast and feeless and will kill every inefficient blockchain currency - February 2018 --> Vechain is going to be the first crypto with enterprise adoption. Look at all those partnerships. Look at the technology, the project is a copy pasta of the Ethereum code base but it's Chinese innovation nonetheless. - March 2018 --> ICON, it's the Korean Ethereum, they're partnered with a ton of Korean banks, hospitals, universities....and you know Koreans support their own projects. ...reminds us not to give up on your bullshit tech innovation narratives. Your shitcoin is not going to die because people will rather baghold forever than admit they are wrong... 2021 > Don't confuse short term price action with long-term fundamentals. Nano works, ever better, and that's starting to be recognised https://np.reddit.com/r/CryptoCurrency/comments/qc21qm/honest_question_is_nano_dead_what_can_be_done_to/hhd7eug/ > You should check out what ICX has done, is doing and will do during these years....Agreed. Not even remotely dead. https://np.reddit.com/r/CryptoCurrency/comments/qgnsj0/which_cointoken_is_completely_deadnearly_dead/hih8v5b/ > (REQ) are definitely not dead, they are currently building an escrow system that will ultimately allow for invoice financing for projects in the crypto space....The team has a very practical mentality, focussing on product and adoption. Currently almost a thousand businesses are using Request to process their payments, adoption increasing almost exponentially https://np.reddit.com/r/CryptoCurrency/comments/qlohgo/i_thought_req_was_dead/ ...so keep holding DOT, ALGO, etc whatever bullshit tech you bought the last cycle. The market is wrong, you are right and there is no way you got scammed. Now go make a post about what big scams meme coins are -- that'll really make you feel and look smart.

ENFPwhereyouat

I have few questions about utility tokens that operate remittances such as XLM, XRP, ALGO, etc under taxation law. Say, each country have their own taxation fee when buy/selling. How does that work? You send $100,000 dollar through a utility token in the process of buy/sell. Then, the receiving end has to pay up the income tax? or Is there a specific remiitance license that exempts you from tax for each transaction? How does average peer to peer transaction even going to work, if the government tracks the record of transactions and stamps a 20% income tax? How will the crypto companies manage the taxation when even stable coins are still considered assets?

jawni

I feel like that's usually in the daily where shills are obnoxious about it, the best way to judge the subs sentiment on a coin is by reading the comments on a thread about that coin specifically. For example, look at any thread about SOL with a strong negative or positive connotation and still the majority of the comments will be negative. Even the blatant lies will be upvoted if it fits the negative spin, and the most thoughtful informative comments will be downvoted if they down align. Do the same thing with ADA, ALGO, DOT, and admittedly to a lesser extent HBAR, and you'll see positive comments.

SloanHarper

Interesting... What gave you that impression regarding ALGO?

ThatChrisGuy7

I’m gonna be so happy for ALGO holders when we see a real run up

kshtwgky59

Never used both of the exchanges you mentioned, but I always used XLM or ALGO to transfer between exchanges. Cheap dan fast.

HvRv

So basically you can say which ones you think are bad but you are not the person to say which one are good? What a shit take. And yes I can say which one I think are good and have good fundamentals in the things they aim to do - XLM, ALGO, SUI, AVAX and even the dreaded HBAR. All have great things happening under the hood.

Trader0721

You can make 20% APR in a few countries…it’s where inflation is >20%…your cro will inflate faster than your APR…it’s called tokenomics and it’s what has killed DOT and ALGO…your boy Kris will print the sh*t out of CRO to “pay” consumers for their bitcoin. Cheers though…I hope it works out for you.

jaxsantiago

If only yesterday's 30%+ pump on ALGO happened last month, i would have been a very happy man. 😆 Alas, not meant to be.

ThatChrisGuy7

So with HBAR being out apparently is ALGO being looked at by BlackRock? Or by others? Any rumors out there?

cosmic_censor

> I love how he slid ALGO in there for literally no reason at all lmao. The connection is the company who tokenized the Blackrock MMF on HBAR, Archax, also added support for ALGO to its platform.

Grunblau

ALGO not acknowledging this BS sell off…

Top_Mind9514

ALGO “IS” the next Big Thing. The next Big Thing is already here. I said this, months ago. All you have to do is, RESEARCH..RESEARCH.. RESEARCH.

conceiv3d-in-lib3rty

I love how he slid ALGO in there for literally no reason at all lmao. Them Algoverners be desperate. Something, something revolutionary tech 🤦‍♂️ Meanwhile the foundation founders have been dumping on retail for years now. Then there was the embarrassing MyAlgo fiasco, which was funded and promoted by Algo Capital, of which the CTO had his phone hacked, leading to a $2m hot wallet in his possession getting drained. This chain had so much potential. 🤦‍♂️

kshucker

*why are we talking about HBAR and ALGO?* Looks at prices *ah ok, the shilling begins*

Grunblau

I have a ledger for my non-defi assets. Rather not sign any transactions other than send on it. Talking more about clicking send and having it received before you can switch tabs. Seamlessly connecting to various platforms and just working for less than .025¢ per transaction. ALGO was my gateway to using DeFi and anything else I have tried isn’t great or is simply depositing into a pool and getting rewards. I am open to suggestions of what else to try!

Amazing-Ad-8239

Biggest words of advice are to DCA. Buying into BTC and ETH now while the price is high is fine, just as long as in the future you DCA at a lower price. Even in saying that though, BTC and ETH are still yet to make their new ATH. If you want safe and good investments, you should always consider coins that have survived the bear markets which actually have use. Here's a list of a few: VET HBAR DOT ADA ALGO MATIC Yes these coins may not see the same gains as other newer coins on the market, but if you want to be safe, they'll be safer. Safe trading!

Rey_Mezcalero

It started ok and then the ALGO hard shill I stopped reading

MookieTheMet

I got you bro, I'm still massively down with ALGO

Sad_Buy6714

ALGO,ARBITRUM, CARDANO,POLYGON, XRP, just to name a few

Captain_Fredl

ALGO is a real monster after a 3.16$ ATH😋😅

purplecowz

Yeah I sold my ALGO bags....sigh.

purplecowz

Holy shit, ALGO up 30% since yesterday

OriginalPancake15

Love seeing meme tokens pumping. Kudos to PEPE, BONK, FLOKI and ALGO holders.

threewheeldrive

Wait ALGO is moving now too? What is going on tonight?!

HelloFollyWeThereYet

It won’t be a sexy pick, but consider ALGO. By end of bull cycle it will hit $1 or more. Coin with a price less than $1 listed on major exchanges tend to run later, but run hard.

Maxx3141

I didn't expect this to turn into an ALGO shilling post...

tobeydv

I asked, "What little known cryptocurrency has good technology innovation, adoption rate, team expertise, and regulatory environment?" The answer is slightly different from yours. OpenAI ChatGPT 4: Identifying a "little known" cryptocurrency that exhibits good technological innovation, adoption rate, team expertise, and a favorable regulatory environment requires looking beyond the top cryptocurrencies by market capitalization. Here are a few cryptocurrencies that might fit this criteria, although they may have varying levels of obscurity and risk: 1. **Algorand (ALGO)**: Algorand is designed to speed up transactions and improve efficiency, compared to older blockchain systems. It uses a Pure Proof-of-Stake (PPoS) consensus mechanism, which is designed to reduce the energy consumption associated with mining. Algorand is known for its strong academic roots and a team led by Silvio Micali, a professor at MIT and a Turing Award winner. 2. **Hedera Hashgraph (HBAR)**: Unlike traditional blockchain, Hedera Hashgraph uses a graph-based consensus mechanism that allows high throughput and low-latency consensus. Hedera has gained some adoption for enterprise use cases and is governed by a council of global companies, which includes Boeing, Google, and IBM, among others. 3. **Tezos (XTZ)**: While somewhat more known, Tezos is noteworthy for its on-chain governance process, which allows the protocol to evolve through community consensus rather than hard forks. This could potentially lead to a more stable and adaptable regulatory stance over time. 4. **Avalanche (AVAX)**: Known for its high throughput and low latency, Avalanche provides a platform for decentralized applications and custom blockchain networks. It is considered innovative due to its unique consensus protocols and has been gaining traction within the DeFi community. 5. **Cosmos (ATOM)**: Cosmos aims to solve some of the hardest blockchain problems related to scalability and interoperability. With its novel inter-blockchain communication (IBC) protocol, it enables different blockchains to exchange data and tokens with each other seamlessly. When evaluating cryptocurrencies, particularly less known ones, it's crucial to consider not just the technological aspects but also market adoption, the expertise and credibility of the team, and the regulatory landscape in which they operate. Each of these factors can significantly impact the potential success and longevity of a cryptocurrency. As with any investment, it's important to conduct thorough research and consider the associated risks.

fraylovze

Lmao, I sold ALGO already for AAST and DOT

aqwn

lol i won’t hold my breath. ALGO is never going to recover.

angelafischer

I only buy ALGO with the amount of money that it's okay for me to losing all of them. If it explode, nice, if not, who cares ? Lol

monoimionom

This bot will need to buy all the favorite coins from last cycle, like ADA, ALGO, XRP, MATIC, etc. Wonder how that will work out.

whitenoise2323

No. It has less transaction activity than many chains. BTC is number 8 in daily transactions coming in below TRX, ALGO, XLM, EOS, XRP, ETH, and DOGE https://www.tradingview.com/markets/cryptocurrencies/prices-most-transactions/

aqwn

Please let me know when ALGO is supposed to go back up over $1 lol

OderWieOderWatJunge

Your kids in 2050: "What the fuck is ALGO? It says my wallet is worth $1.50"

purplecowz

XLM & ALGO are waiting in the wings

SteelersBraves97

ALGO

ARoundForEveryone

I've been mostly out of the crypto world for the last year, only poking my head back in over the last couple months. I still have my stack(s), but haven't bought anything new, haven't been DCA'ing, haven't researched much for most of 2023 or so far in 2024 (minus moving entirely out of one position and doubling up on another). So, here goes. What are these coins? ETH, I obviously know. SOL, I know. Not well, but I know what it is and a *little* about it. ALGO and NEAR, I know *of.* Am I out of touch with the hot new coins, or is this portfolio just a shitcoin roulette? What do these category 3 coins *do* or *have* or *enable* that other coins don't?

nwaFZ

LTC, Jasmy, XYO , ALGO and SWFT for the what the hell why not play

tldrthestoryofmylife

Lot to unpack here >Interest rate changes doesn't effect the rate on current debt The "current" debt, i.e., that which is already issued, was mostly issued 10-30 years ago and is set to mature as the Boomers all start retiring... >debt is maturing all the time so it just averages out Doesn't change the demographic reality of the Boomers, the largest generation by population in recent memory, are all retiring and gonna be tapping into their Treasury-backed 401Ks. >the gov usually just pays debt off by issuing another to replace it Exactly. The Treasury has nothing to pay it all back with, as they spent all their money on hookers and blow for Hunter and JPow, so they're looking for someone to roll over onto. Thing is, bond prices go down due to higher Fed rates, which means the Treasury will need to issue *more* bonds at *higher* rates and *shorter* durations to cover their existing obligations. This is inflationary b/c government debt is intrinsically a state-backed promise to create money out of thin air. It follows that cheaper debt, higher interest rates, and shorter durations (i.e., all the characteristics of a junk bond) all mean *more* money created out of thin air *faster*. The debt won't be due back immediately, sure, but the markets are forward-looking, aren't they? > it also reduces overall lending which is disinflationary This is \[historical\] correlation, not causation. Reducing \[private\] lending, i.e., lending by individuals and private corps, is just bad for the banks (b/c that's their source of income), which means they're insolvent too and will soon need some free money from the state (if they don't already). Bailouts are inflationary for obvious reasons. >raising rates only moves inflation to the future This is what I've been saying all along. The disconnect b/w us is that you're thinking we'll be able to push inflation off for another 30-50 years like we did last time. However, like I said above, more bonds, higher interest rates, and shorter durations all mean that **we can't even afford to buy** ***time****.* Inflation is gonna get a lot worse a lot faster one way or the other, and there's no person or organization (not even the state itself) that can unilaterally stop or even meaningfully delay that. >its a bridge until some other solution can fix inflation like technological boom to increase abundance of goods/services, or fiscal reform *Now* you're saying the quiet part out loud. We're all hoping to be saved by the AI boom or by some New World Order. I'm not too hopeful on AI b/c the state is cracking down on AI as hard as they can right now. This just means that the tech industry will get crippled like finance, healthcare, energy, and pharma all did due to state regulations, so AI won't be able to save us for the same reasons that advancements in energy or pharma won't be able to. Similarly, I'd be a lot more hopeful about a New World Order if I wasn't so worried about getting mowed down by Russian and Chinese drones in WW3. A world order requires collaboration in order to formulate, and the countries of the world don't look too excited about collaboration ATM. >Its also true that as lending/credit becomes smaller proportionately to government money, the disinflationary effect of raising rates is less and less effective You're observing all the right effects, but you're acting as if this is all gonna happen at some point so far off into the future that it's not worth worrying about right now. I'm saying it's happening already, and it's been happening for years now under all our noses. **TL;DR:** From reading your comments, you're clearly a well-informed guy who's noticing all the right things. The only disconnect b/w us is that I think, just like some people in this sub are high on copium about ICP or ALGO, that **you're high on copium about the West**. You're seeing all the right things; seems you're just having a hard time accepting them. or else you'd agree about exactly how fucked we all are.

tika_dengu

I am consolidating my portfolio in preparation for the alt coin rally after halving. Should I get rid of DOT and XRP to buy more ADA, ALGO and VET?

JL_holt07

I have only bought more on top of my DCA. I’m invested in ALGO more than anything else.

SmokeAndSkate

I bought ETH, ALGO, ADA, and even some fucking DOGE before coming to the realization that if we’re going the have a global digital money, we only need one, and everything else just crowds out the space.

Captain_Fredl

ALGO

tika_dengu

Split SOL into ALGO and VET

Grunblau

Doesn’t show except on Koinly and on the explorer…. I like the dust attacks on ALGO. At least they give you .001 ALGO. Just collecting free transfer tokens!

fraylovze

My target is when BTC hits above 100K, then AAST, NEAR and ALGO might have 10X, I will flip them and put 20% of the gains in random memecoin

DabNbeyondNormalUse

[oriontools.io](http://oriontools.io) for solana is pretty solid and straight forward too I found ALGO different and difficult

HunterHunted

Holding on to ALGO and XLM from last cycle, since shortly before they peaked... I've basically written those two stacks off, selling what's left for liquidity

Big-Finding2976

You don't have to pick the next Amazon to make a profit with stocks. You can just buy an ETF like the S&P 500 and make an average of 10%/year, or if you spend time properly researching individual companies, reading their reports, etc. you have a good chance of picking some that will do considerably better than the average. Whereas with crypto it's just a gamble picking altcoins and even if you read their white paper and research the team and check the tokenomics, and you're convinced that they have a use case and good prospects, they can crash by 80%+ overnight, as indeed most have, including top 50 coins like LTC and ALGO.

biba8163

> I don’t regret selling. The whole point is to sell and increase the quality of your life and not wait until you're filthy rich old man whose life has passed you by. BTC is a plays out in cycles of pumps and dumps. Alts play out in rugpulls, 99% of them scamming you with hype and lies, their only value appreciation comes riding the BTC bullrun wave. The best risk/reward play is to use BTC as a diversifier in your portfolio of stocks, bonds and real estate. I paid off my mortgage after the 2017/18 bullrun and was starting to loading up for the next bullrun in December 2018 > I am so glad I focused on paying off my mortgage in the bear market. Almost there and hopefully paid up by the time it's time to stock up for the next halvening bullrun https://np.reddit.com/r/Bitcoin/comments/a3n8qb/priorities/eb7psti/ Bought my second house in April 2021 with people commenting that I got lucky. I've never sold the absolute top of a cycle, I have no idea where it is - and if you listen to experts, you're fucked. https://np.reddit.com/r/RealEstate/comments/mviupv/paid_70k_20_over_asking_yes_it_appraised_yes_its/ I retired in 2022. Would I have more money now if I never ever sold? Yes that that is in hindsight and the point is to enjoy life and not stare at the charts worrying about the price of BTC and how big your stack is. Also remember the lure of Alts is that they outperform BTC. But the vast majority of people lose money on Alts because this is mostly fiction: - You have to pick the right Alts that will pump out of 10,000+ shitcoins - You have to pick the bottom or near bottom - You have to pray that some foundation doesn't dump on your ass, print another shitload of tokens, do some shenanigans that completely destroy the value of your shitcoin, etc - You have to pick the top or near top before it dump to kingdom come again Long term investment in Alts is a losing proposition. BTC is the diversifier (calculation done on the prices yesterday) - LTC's BTC high was .04792 in late 2013. If it kept up with BTC, the price would be $3,185 - NameCoin BTC high was .0145 on late 2013. It kept up with BTC, the price would be $963 - Peercoin BTC high was .00895 on early 2014. If it kept up with BTC, the price would be $594 - ZCash BTC high was 2.2635 on late 2016. If it kept up with BTC, the price would be $150,466 - XRP BTC high was .00022465 in May 2017. If it kept up with BTC , the price would be $14.93 - ETH BTC high was 0.15 on June 2017. If it kept up with BTC , the price would be $9,971 - BCH BTC high was 0.14 on August 2017. If it kept up with BTC , the price would be $9,786 - IOTA BTC high was .000257 on January 2018. It it kept up with BTC, the price would be $17..01 - Vechain BTC high was 0.00000755 on January 2018. It it kept up with BTC, the price would be $0.50 - NEO BTC high was .01538 on January 2018. It it kept up with BTC, the price would be $1,022 - ADA BTC high was 0.00007382 on January 2018. It kept up with BTC, the price would be $4.91 - ALGO BTC high was 0.00031342 on June 2019. It kept up with BTC, the price would be $21.91 - ChainLink BTC high was 0.001582 on August 2020. It kept up with BTC, the price would be $110

OccasionalXerophile

LTC and some ALGO. LTC got a big way to go yet.

DingDongWhoDis

u/NOTPR0 Thanks for the response. Please add support for ALGO. Good luck with the project.

GabeSter

* ATOM / BTC at a new ATL * ALGO / BTC at a new ATL * **and... BTC is still at 62K.** Some people were telling me on my post yesterday - That ALT/BTC charts are disingenuous. What those people still don't realize is that if BTC continues to retrace lots of ALTS will be falling beneath their recent bear market lows.

DingDongWhoDis

u/NOTPRO Thanks for the response. Please add support for ALGO. Good luck with the project.

fuck-fascism

The fact that ETH itself is basically unusable to newcomers without L2s literally is the core problem with ETH. Why bother with it when you can go to a L1 like ALGO thats useful out of the box without a L2?

biba8163

This is why long term every ALT loses value against BTC. - LTC's BTC high was .04792 in late 2013. If it kept up with BTC, the price would be $3,185 - NameCoin BTC high was .0145 on late 2013. It kept up with BTC, the price would be $963 - Peercoin BTC high was .00895 on early 2014. If it kept up with BTC, the price would be $594 - ZCash BTC high was 2.2635 on late 2016. If it kept up with BTC, the price would be $150,466 - XRP BTC high was .00022465 in May 2017. If it kept up with BTC , the price would be $14.93 - ETH BTC high was 0.15 on June 2017. If it kept up with BTC , the price would be $9,971 - BCH BTC high was 0.14 on August 2017. If it kept up with BTC , the price would be $9,786 - IOTA BTC high was .000257 on January 2018. It it kept up with BTC, the price would be $17..01 - Vechain BTC high was 0.00000755 on January 2018. It it kept up with BTC, the price would be $0.50 - NEO BTC high was .01538 on January 2018. It it kept up with BTC, the price would be $1,022 - ADA BTC high was 0.00007382 on January 2018. It kept up with BTC, the price would be $4.91 - ALGO BTC high was 0.00031342 on June 2019. It kept up with BTC, the price would be $21.91 - ChainLink BTC high was 0.001582 on August 2020. It kept up with BTC, the price would be $110

biba8163

Guys, give it a few more ALT Seasons and shitcoins will catch up with BTC - LTC's BTC high was .04792 in late 2013. If it kept up with BTC, the price would be $3,185 - NameCoin BTC high was .0145 on late 2013. It kept up with BTC, the price would be $963 - Peercoin BTC high was .00895 on early 2014. If it kept up with BTC, the price would be $594 - ZCash BTC high was 2.2635 on late 2016. If it kept up with BTC, the price would be $150,466 - XRP BTC high was .00022465 in May 2017. If it kept up with BTC , the price would be $14.93 - ETH BTC high was 0.15 on June 2017. If it kept up with BTC , the price would be $9,971 - BCH BTC high was 0.14 on August 2017. If it kept up with BTC , the price would be $9,786 - IOTA BTC high was .000257 on January 2018. It it kept up with BTC, the price would be $17..01 - Vechain BTC high was 0.00000755 on January 2018. It it kept up with BTC, the price would be $0.50 - NEO BTC high was .01538 on January 2018. It it kept up with BTC, the price would be $1,022 - ADA BTC high was 0.00007382 on January 2018. It kept up with BTC, the price would be $4.91 - ALGO BTC high was 0.00031342 on June 2019. It kept up with BTC, the price would be $21.91 - ChainLink BTC high was 0.001582 on August 2020. It kept up with BTC, the price would be $110

Traditional-Fan-9315

Are any of those worth anything? Asking because I'm only slightly familiar with ALGO. I am skeptical because of the amount of centralization in algorand, which has some weird thing about the funding structure and the holdings of their founders IIRC

jawni

Why did you buy ALGO in the first place? I was literally a day 1 ALGO buyer but to me it seemed like it couldn't get any traction anywhere, so I dropped it last bullrun.

OccasionalXerophile

Seriously considering selling my ALGO for BTC now, somebody give me a good reason not too

BlueLatenq

Right now, ETH and BTC are not quantum-resistant yet; the only quantum-resistant blockchains I know of are QANplatform and ALGO.

bigslongbuysxrp

XRP/IOTA/XLM/ALGO/HBAR/NXRA that's what I reckon is a good play

nwaFZ

Jasmy, ICP, XYO, ALGO, and SWFT

Sandroex

I'll probably be the last person to put money in TON, but its so absolutely insane how all ALGO and ADA bagholders talk about it being a rugpull and TON buyers being exit liquidity while they're down -85%, providing exit liquidity for everyone for the past 3 years. Insane projection.

3sides2everyStory

> What are your thoughts about ETH/Alts/Altseason? I try to form my opinions on data as best I can (I'm just a dope on the internet) and my opinions on ALTs usually conflict with the tribal wish-casters and cult members in this sub. I think ALT season will happen as expected but I think it will come with a lot of surprising disappointments. I think a lot of the ETH Alts will disappoint this cycle. I also think a lot of the big, promising names from past cycles will disappoint as well. We're 15 months off of the cycle bottom and into the uptrend. If an ALT is still 85-95% away from it's ATH I expect it will struggle at best. I sold most of my big-name alts a while ago. I hold a fair amount of ETH but I've been shrinking my position (I do a lot of pair trading). I'll hold a good amount of ETH because it's a safe bet to go up. But ETH may take years to realize its promise. The fact that it requires L2s makes it complicated and problematic. It's expensive and cumbersome to use (I fucking hate using it). It may get better someday but my money won't wait around. I follow the users and the money flow. For all of its problems, Solana is winning the users and earning revenue. It's also getting the attention of big players because of usage metrics. I Hold ETH and a good amount of SOL but SOL's market cap is only about 20%-ish of ETH's. That gap will close simply because of usage metrics. They will both go up but I think SOL will do better on a percentage basis. I pair trade between ETH/SOL to increase both positions and at some point, I'll probably swap all or most of them for BTC. I'm not loyal to any investment. > Do you think that BTC combined with the ETF'S will dampen their price appreciation? I think the vast majority of people buying Bitcoin ETFs are not interested in ALTs. They want digital gold as a store of value. BlackRock's customers don't know or care about ALGO, ADA, LINK, MATIC, etc.. Different users, different investors. Larry Fink says his customers' interest in Ethereum ETF's are significantly lower than Bitcoin ETFs. If Ethereum ETFs do get approved I expect ETH will pump but the impact won't be the same. TLDR; I think ALT season will pump as expected with some surprising disappointments. This cycle I'm concentrated in BTC, ETH and SOL. I pair trade between them to grow my stacks. When the market gets frothy I'll swap most everything into BTC and cash, and buy the dips during the next bear. I do my best to follow the data. My money isn't loyal to any coin except Bitcoin

Deeyennay

ALGO holders: first time?

derika22

Tell my ALGO bag why I am a bag holder.

fn3dav2

ADA may have fallen out of the top 10 on CoinGecko but it's still doing well on Reddit 😂 ALGO flying high too

Sugarbird676

You’re not supposed to point out the overwhelming demand for SOL. You’re supposed to go, “Muh, VC bad!” and then cry into your bags of ALGO and DOT.

Fair_Raccoon9333

SOL is the ALGO of this cycle.

juandell

FOR YEARS NOW.... The ALGO shillers were always the funniest. Tbf SOL definitely didn't feel like the easiest dropping to $8 in the 🐻 after FTX

Job_man

Where’s the ecosystem on ALGO?