/biz/ - Business & Finance

>>53204258
after first governance period it was clear how shit the whole foundation was

>>53204267
Elaborate

>>53204258
it's dead. the EOS of this bullrun

Anyone here who's actually bullish on ALGO?

>>53204376
I wanted to like it but whoever runs their social media and website is so shit and inept

>>53204258
It is below ICO price and it never pumped (while other projects 10xed). Supply is inflationary till 2030 and there is no network effect. Then there are FIFA sponsorships, bikeclubs and drones. Stay away.

The tech is top of the class but everything else from the foundation to the supply is completely fucked. Perhaps in 10 years it will run.

>>53204258
It's an MIT coin, so outside an actual LUNA/FTX tier black swan the odds of it actually going to 0 are low.
It's heavily fudded because the foundation are actual tranny retards and most people with stacks either sold at major losses or are bagholding like me.
Using it I've enjoyed the practically non-existent fees compared to eth.
The tech is good but until major plays are made for marketing it's a slow, slow burn.
Most people don't like long term and want to get-rich-quick whether it's through shitcoin gambling or mass shilling other coins (namely avax and matic)

>>53204936
The only reason I still hold my Algo bags is because of it's use case.

If there was literally anything better than algorand I would drop it in a heartbeat.
I can't believe such good tech is in the hands of such utter faggot retards.

Like I can understand being faggot retards who give out monopoly money to gay faggot causes, but imagine being a poor shitcoin and also being gay

Like nigga you're not even being paid to be globohomo, you're doing it for free!

>>53204936
>until major plays are made for marketing
What would be some examples

>>53204969
Stacy is executed live on tv

>>53204936
>It's an MIT coin, so outside an actual LUNA/FTX tier black swan the odds of it actually going to 0 are low.

pic related

>>53204960
Here's the ultimate blackpill: even if there is absolutely nothing wrong with the technology, there is no reason the coin itself will pump and make you rich. The coin's only utility is to pay transaction fees and vote in governance and it can do that at $10 or at $0.0001.

It's centralised - relay nodes are limited and permissioned

I think I'm just going to wait for a dip and buy another 1500 algo to complete my 10K sui stack and focus on Litecoin or something like that for a safe return next bullrun.

>>53204258
>And if it hurts when they mention my name
>Say you don't know me
>And if it helps when they say I'm to blame
>Say you don't own me

>>53205055 checked
>>53205678
>>53206400 checked and good idea
t. holding 25k, painfully

>>53204258
most people talk about it when they need a good laugh

>>53207328
Let's just hope the future holds something good for us.

>>53204258
Depends if you think crypto will stay the same shitcoin casino or will evolve when governments and corps start using it.

>>53204258
Slow, steady, boring, reliable, will ultimately be one of the winners. But it will win all bring as fuck like a utility wins.

*boring as fuck

>>53207670
Amen

>>53204258
it is literally 100% centralized...
therefore completely pointless

>>53204960
>If there was literally anything better than algorand I would drop it in a heartbeat.
literally anything decentralized is better than it.
being totally centralized, it needs to out-compete shit like AWS. AWS is better than algorand.

>>53205678
and the founder goes around saying that it is not possible for a crypto to be more decentralized that Algo. such a clown.

>>53205055
yeah. it's true of all crypto though, the dollar value is entirely meaningless. it has to be high enough so nobody bribes / buys his way into over a third of the tokens (it's PoS), but that's it. algo at least works like it should (somehow that's an achievement in this space) and with Tealish from Tinyman there is a solid higher level language to write smart contracts for the AVM now. there is still a lot of innovation happening, i'll buy some more, even if it's just to contribute to the tech

>>53205678
yeah, if you use the default list of relay nodes that's true. it's a precaution against laggards slowing everything down. you can (not sure if it's configurable yet) point your node to a list of your own choosing. that allows independent relay networks. it's just that running one is expensive, so it's mostly universities and bigger entities running them for now

>>53204258
No official GNU/Linux or Mac desktop wallet so dev mindshare is dog shit.

>>53204258
Foundation is ass
How they’re not all out on their asses I’ll never know