[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 8 KB, 400x400, eYwuB0TO_400x400.jpg [View same] [iqdb] [saucenao] [google]
54827557 No.54827557 [Reply] [Original]

Why is Algorand (Algo) a shit coin?

>claims to have solved the trilemma but has permissioned relay nodes
>infected by trannies and woke culture (hillary, woman's breakfasts, staci)
>tried to get institutions, failed
>tried to get retail, failed
>zero community
>always one of the worst performers (fell 20+ ranks over last year or so)
>need to hold for 3 months to get rewarded
>every announcement and partnership they make ends up going ghost or disappointing


Let me know what I missed.

>> No.54827587

they are partnered with Circle and USDC and started by spooks connected to the feds. i wouldn't be surprised if digital dollar infrastructure especially for programmable money/derivatives runs at least partially on Algo.

>> No.54827627

>>54827587
>i wouldn't be surprised if digital dollar infrastructure especially for programmable money/derivatives runs at least partially on Algo.

This is expired hopium

>> No.54827738

>>54827557
I have no idea what algorand is and can't be bothered to research. But every day I see posts complaining about how much algorand sucks. Why is /biz/ so butthurt about algorand?

>> No.54827867
File: 700 KB, 696x994, 1671306013901733.png [View same] [iqdb] [saucenao] [google]
54827867

Just HODLing 3k 4 life

>> No.54827891

i think its great for moving shit around.
it'll probably be $12 in an hour.

>> No.54827930

>>54827738
It's a good working coin with no marketing whatsoever and absolute nothing burgers for good news.

Sold at .25, avg at .55, now I'm up 10000% on various shit coins over a few days.

>> No.54828159

>>54827738
It’s a comfy L1. I use it to transfer USDC/USDT between exchanges almost instantly and with <$0.01 fees.
However, don’t hold the token (ALGO). VCs control most of the supply and they have been dumping it to make their balance sheet look good. The chan/network will survive, but the token will be worth 0. Since fees are so low, the token is unironically not needed.

>> No.54828291

>>54827587
Circle is partnered with multiple chains, issued on dozens and is in fact moving to being fully interoperable.

You know fuck all. (Which is why u are an Algo baggie)

>> No.54828442

>>54827557
I still have hopium for it. I will fucking go down with the ship and not listen to any buttard. For relayers and privacy I might ape in railgun, no more shitty bridges for me now.

>> No.54829100

>>54827557
>i bought a ton of algo when it was 65cents
>didnt sell when it was 2.20
>its now 17cents

I feel like such a piece of shit. algo will never go up again unless it gets carried by a rising tide.

I was a fool to believe it had any potential.

I don't even want my 2.20 back, I just want .65 so I can exit.