ALGO

biba8163

It's interesting how sentiment changes on a coin and a lot of people claim they got in early but the vast majority didn't. I remember noticing SOL a few times when it was between $0.50 to $4 and thinking to gamble on an Alt in the 2021 cycle to increase my BTC stack since I did 25X in Nano in 2017/18. > Number #91 on CMC Solana which claims 50,000 TPS and 400 MS block times and smart contracts https://np.reddit.com/r/CryptoCurrency/comments/ik9w8c/daily_discussion_september_1_2020_gmt0/g3mmcty/ But there were just so many concerns. The circulating supply was tiny and there was hundreds of millions to unlock and dump on the market. Nobody knew the price discovery or the market for it in a sea of coins all claiming high TPS and smart contracts. People thought $1 was overvalued and everyone agreed. > Solana (+441%) dump is going to be historic. Imagine paying over $1 when pre sale paid $0.04-$0.20 > It will come back down to $0.30 and that’s when you should load up > Imagine paying over 1$ a coin with no tech and a supply of 500 million coins. https://np.reddit.com/r/CryptoCurrency/comments/fykd3i/solana_441_dump_is_going_to_be_historic_imagine/ > Solana Unlocks 11.3 Million SOL Tokens secretly and then tries to cover up https://np.reddit.com/r/CryptoCurrency/comments/g9mf24/solana_unlocks_113_million_sol_tokens_secretly/ > What is Solana and WHY is it pumping like crazy? $3 https://np.reddit.com/r/CryptoCurrency/comments/i74xhp/what_is_solana_and_why_is_it_pumping_like_crazy/ The thing is all these concerns were valid and people got dumped to kingdom come on countless new fangled tech projects like ALGO, DOT, HBAR, MINA, etc. And SOL came out the winner. You really couldn't predict this in 2020. It was only in 2021 I noticed SOL had huge hedge funds and SPAC King Chamath Palihapitiya backing it and they would shill Solana on CNBC every chance they got. Remember, Chamath was in Bitcoin in 2013 and when asked about Ethereum in 2020 he said it was irrelevant and you didn't need anything besides Bitcoin. Fast forward a year later, he's shilling Solana on CNBC after he gets a huge vested interest.

DBRiMatt

Could've been worse. You could've invested in ALGO, ONE, LUNA on many other alts, where your $5 becomes less than $1

biba8163

These coins are all hitting All-Time Lows in Sats (BTC value) almost every single day for the past few weeks. The writing is on the wall. But when you are so emotionally invested and join circlejerk groups, groupthink tell you to double down and DCA more into a sinking ship. - DOT - ATOM - HBAR - CRO - ALGO

Outsider4Life9

I got hit once (ALGO)...

biba8163

Today the TOP 3 *"Most Advanced Crypto"* Projects, *ALGO, HBAR and DOT* all fell to their *All-Time Low* against BTC Expect frantic circle jerking of the technical achievements, technology advantage, ecosystem being built and the tremendous opportunity to buy an undervalued asset among bagholders.

biba8163

Looks right | Investment | Definition | Examples | |:-----------|------------:|:------------:| | Shitcoin | A coin where others made money but you couldn’t | DOGE, PEPE, WIF, BONK | Altcoin | A coin you hold for eternity hoping you’d make money off | XRP, LTC, ALGO, DOT, CRO, VET, NANO

lordofming-rises

Cries in ALGO

jawni

one of the biggest pitfalls is chasing a project because of the founder's history (or anyone significantly involved), and hilariously all 3 of this sub's favorite altcoins check those boxes. ADA with Charles, DOT with Gavin, and ALGO with Silvio.

biba8163

> the way most make up for the issues around price is by staking People keep thinking that you make up for high inflation by staking. it's actually the other way around, high APY staking compounds the dump when investors eventually capitulate. Instead of selling 100% of what they invested, they are selling 115%, 120%, 140% or more depending on APY and how long they staked. Now, the stakers, bakers, governors have to eat the dump. This is reflected in high APY for staking coins the last cycle like DOT, ALGO, CRO.

HSuke

Add it to the quickly growing list of L1 blockchains that eventually all need to switch from a capped supply to a sustainable model like Ethereum with no cap but with a token burn. Eventually even these ones will need to remove their supply caps (though some of them are decades away from running out): ADA, AVAX, KAS, VET, AR, JASMY, ALGO, XRP

TexasBoyz-713

Does this mean it’s finally ALGO’s big time to shine???

nearlygrean

Agree. ALGO inflated more than Turkish Lira but this sub always protect ALGO.

noviwu97

It was the easiest way to farm moon back then. You could randomly post "I'm go buy more ALGO" in most threads and get at least 5 upvotes. Then I guess some noobs thought people actually bullish Algo and actually bought some

magiblufire

The fun thing about ALGO is that after it rallies 14%, it drops 20%.

Manny637

Former ALGO holder. This is the coin that got me into crypto. It’s seen better days

Chihabrc

I own 80% of my assets in BTC; that's the smartest idea ever. The rest is divided between QANX, ALGO, NEAR, and DOT.

jawni

I'll send you $100 in the crypto of your choice if you can show me how the data that says "90% of ALGO holders are in red" is cherrypicked. Take your time.

katiecharm

This is spam.  It’s a non-article fluff piece designed to be posted here so Algo shills in the comments can say stupid fucking shit like “IM PROUDLY HOLDING ALGO” and butt fuckingly annoying things like that. This is not only against subreddit rules, it’s against Reddit site wide ToS. 

katiecharm

This is a non article and should not be posted here.  It’s a thin reason to give algo shills a chance to scream “ALGO” in the subreddit.  It’s spam.  

KlearCat

> Algorand Inc/Technologies does NOT control governance. At all. With 20% of the supply, they can sway governance to their favor because they have so many votes. They have already done this. This is control. > The company received ALGO for development and security purposes, but you'll continue to claim it's a heist perpetrated by Silvio Micali. It's an asinine claim, but we're free to disagree on that point, I guess. First, I never said it was a heist. It doesn't matter what they claim is the reason. A private corporation being given 20% of the supply of a cryptocurrency for free is egregious and a massive red flag. There are literally no restrictions on what they can do with that Algo. None. It's a private company and you don't even know who owns the company. (and therefore who owns the Algo) You are trusting unknown people to do "development and security." I'm sorry but that is against the entire point of this space. I don't know how that doesn't bother you.

DingDongWhoDis

You're a broken record, still. Yes Algorand Inc/Technologies received big coinage and no, Algorand Inc/Technologies does NOT control governance. At all. That's the foundation which is a separate entity altogether. The company received ALGO for development and security purposes, but you'll continue to claim it's a heist perpetrated by Silvio Micali. It's an asinine claim, but we're free to disagree on that point, I guess.

jawni

Can someone explain to me how saying 90% of ALGO holders are out of profit could be cherrypicking when the dataset used literally looks at every ALGO holder in existence and only compares against the current price? Does [the top chart here](https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all) look cherrypicked in any way, shape, or form? Anyone able to explain what one angry ALGO maxi thinks I'm missing?

jawni

Just so you understand what cherrypicking is, I'll give you an example. On June 5th 2023, 99.87% of ALGO holders were out of the money. That is cherrypicked as the lowest number I saw. What is not cherrypicked is using the current date and the current price to measure against *ALL* ALGO holders to find that 90% of holders bought at a price that is less than the current price. You cannot un-cherrypick that statistic because it is literally as comprehensive as possible.

jawni

>A year ago is not cherrypicking. Oh so a year ago isn't just an arbitrary starting point? Why did you *HAVE* to pick a year then? Also, can you explain to me how the statistic about 90% of ALGO holders being in the red is cherrypicked in any way? It takes the current price (which inherently can't be cherrypicked as it constantly adjusts and is always the most relevant price) and compares it against *every* holder of ALGO.

biba8163

> what gives You fell the bullshit tech narrative. In 2017, /r/cryptocurrency was comparing Bitcoin to tech companies and "doing research" trying to find the crypto with the best **technology and innovation**. They compared Bitcoin to AOL or MySpace saying BTC will soon be replaced by new shitcoins with superior technology. Most of these people lost most their money. A lot of people are continuing the tradition today with DOT, ALGO, etc. https://np.reddit.com/r/CryptoCurrency/comments/7kval4/in_20_years_bitcoin_will_be_to_crypto_what_aol_is/ - In 20 years Bitcoin will be to crypto what AOL is now to the internet. - Lol—try 3-5 years. - I think 20 months tops - 20 yrs? Think 2. - It' ll happen sooner. The world turns faster constantly. Bitcoin is like a fat, slow dinosaur - Agreed. Could be months. The space is wide open for competition. Could def see ETH and BCH taking the crown. - Someday people will think that it'd ridiculous to pay fees and wait time to transfer money and they will buy IOTA - Companies will not bet on a burning piece of garbage like Bitcoin, and whatever they pick will win. I guarantee it. See: Bosch/IOTA. - Hmm your comment has made me think of possibly splitting my portfolio four ways - ETH, IOTA, XRP, REQ. - The sad fact is there are coins from 4 years ago that are better than Bitcoin, we don't even need new projects to take leaps forward. - Tl;dr I think your bitcoins are going to be about as valuable as your 20 hours of free internet CDs from AOL - In 2017 alone, Ethereum, Iota, Ripple, Vertcoin, Monero and Litecoin have all made big moves in terms of tech and adoption. What will 2018 bring? 2019? Will Bitcoin still lumber into 2020?

jawni

Feel free to "cherrypick" a different chart if you think that will help. https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all

StonedRex

I'm with them! Proudly holding ALGO on the red since 2022 now. I'm not selling it though, even though it's my worst performing crypto at the moment.

coinfeeds-bot

tldr; 90% of Algorand (ALGO) holders are currently facing losses as the cryptocurrency's value has dropped by 52% since March, with a current trading price of $0.15. This decline has left the majority of ALGO holders 'out of the money,' meaning the market price is lower than the price at which they acquired their tokens. Despite a recent 15% rally, large holders are selling off their holdings, contributing to a bearish outlook. The Chaikin Money Flow indicator suggests a potential further decline to $0.14, indicating a bearish divergence from its price. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

kirtash93

I lost faith on ALGO but I still keep voting. Who knows maybe I recover my investment.

EdenVII

None of these random fly-by-night coins. Something more established but pricing is accommodating to many people. ATOM, DOT, zcash, dash, ICP. For very low cost, probably ALGO, XRP

Grunblau

Agree XRP is problematic from a ‘for profit’ perspective and having their hands tied for 3 years. Its cousin, XLM, has been at every major world conference and forum during this same time. If ALGO was on more platforms, it would be my favorite cheap transfer coin. I love the Algorand DeFi. I am awaiting good things from the Soroban upgrade on Stellar.

Grunblau

Excitedly checks ALGO…. Hmmm, nope.

biba8163

I commented about the graveyard of shitcoins that supported Python and other programming languages when Algo Governors were cheerleading bullshit hype that ALGO was the first project to support Python. ALGO is down ~50% since then. - NXT relevant from 2013 to 2017, once #3 or #4 in marketcap, was the first pure Proof of Stake Blockchain which used Java. Dead. - Stratis relevant from 2016 to 2017, once #8 in marketcap, supported C# and had a Python SDK. Dead - NEO relevant from 2017 to 2019, once #5 in marketpcap, supports Java, C#, Python, Javascript. Dead - EOS relevant from 2017 to 2019, once #7 in marketcap supported building apps with C++. Dead - ICON relevant from 2018 to 2019, top #20 marketcap supported building apps with an Python SDK and a Javascript SDK. Dead - ARK another hyped shitcoin from 2017 to 2019. Supported Java and Python. Dead. - Kommodo another hyped shitcoin from 2017 to 2019. Supported Rust and Python. Dead https://np.reddit.com/r/CryptoCurrency/comments/1bp74fp/algorand_becomes_first_layer1_blockchain_to_use/

OccasionalXerophile

ALGO kit 2.0 gonna shake up the system.

DBRiMatt

I miss ALGO passive staking I also miss actually being in profit on ALGO 🤣

biba8163

From what I've seen, high conviction investing is very very risky in traditional stocks. But high conviction investing will absolutely kill you in crypto. In traditional investing, for example, you might have had high conviction in Amazon when it had shit returns for year and years and years because you saw that they didn't make any profit because they were pouring money into infrastructure, automation, their delivery network and cloud. Your conviction would be that in a few years they would be that with the changing behavior of consumers and enterprises, Amazon was going to be so ahead of the competitors that it would be difficult for others to catch up, compete and deliver solutions at the same price levels and their investments would be delivering huge returns in the future. In crypto, you are doing high conviction investing on vaporware. That is essentially what 99.9% of crypto is. There are essentially no transparency and evidence that something compelling is being built and happening. There is just hype produced by the project and circlejerking by bagholders who have lost money. Look at the high conviction investors in IOTA, there are some who still believe they are holding the most advanced project in crypto. Or high conviction investors in NANO, some still believe it's inevitable that it has the technology and "fundamentals" to eventually flip Bitcoin. Or high conviction investors in XRP, who still think that the SEC is what is holding it back and it's just a matter of time until banks start adopting some random crypto token that will save them trillions of dollars. You might say they are old projects but now you have other projects like high conviction ALGO investors who are going to ending up the same.

Grunblau

I made a rule last bear to sell everything that wasn’t stakable except BTC. Otherwise, I could earn 5+ percent in cash. Only position I am ahead on for staked coins is AVAX. Everything else, I would have been better off selling into BTC or USDC. I do feel like I learned a lot and have doubled some positions via staking. Favorites are ALGO, AVAX, ATOM and associated projects are okay if you aren’t in the US.

fatlever2

> You should have kept buying and DCAing. Depends on what you're DCA on. In almost all of crypto, you are losing more and more money the more money you DCA in. If you DCA in the top 25 cryptos 6 to 7 years ago, you have lost money on every single one except Bitcoin and Ethereum. Maybe broken even on ADA. If you DCA on ALGO or CRO for the past 5 years, you are flushing good money after bad, again and again always increasing your total losses. So terrible advice

Grunblau

Bought BTC, AVAX, XLM, ALGO and DOGE

kirtash93

ALGO going to the moon soon? Inverse r/cc is going to work again?

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.

memecoinlegend

This seems like where blockchain technology is ultimately headed. $ALGO is perfectly suited for it.

moneyjack1678

This is excellent news: $ALGO will snap necks with the bullish candle it makes in the next bull run. If you are not paying attention to Algorand, you will miss out on one of the best technologies in blockchain the, layer 1 that works no failed transactions never done. It works flawlessly. They are building the future of finance and RWA assets on $ALGO. LFG $ALGO 🚀🚀🚀🚀🌕

Simke11

You mean ADA, ALGO and DOT aren't projects with good fundamentals?

Blooberino

Bitcoin is the only true blue crypto to hold. Even ETH is getting flushed when I meet my goals. Last cycle I was all about diamond hands and it burned me with several small positions that may not recover to a break even point (ALGO, LTC, AMP, CRO, etc). My plan is to flush alts every cycle.

SilkyThighs

I like XLM and ALGO with my LTC/BTC. Dont really care for ETH or others..idk

Simke11

You are missing ALGO and ADA for true r/cc portfolio

olduvai_man

It's why so many here still shill coins from the last cycle. ADA/ALGO/MATIC/etc are never going to touch their previous highs and they will stay bagholders until they finally capitulate. It makes way more sense to start clean each bear market, accumulate new cycle coins with good tokenomics, and then sell it all at some point in the bull market.

DBRiMatt

Have you still been participating in governance? I miss when ALGO was passive stake rewards!

TrickOrange

I have ALGO and I’m holding onto it, but I’m way down. I really dislike the governance of it. The whales have really screwed it up.

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.

biba8163

- ALGO price was $1.15, 5 years ago today - Buys any time during those five years, except for a 5-month time frame are at a loss (most at heavy losses) - Meaning, almost every single ALGO investor including those who DCA or bought the dip are at a loss - When almost every single investor is at a loss, the price isn't every recovering anywhere near ATH with everyone looking for the exits at different much lower price points - ALGO needs to go about ~25X to reach 2019 ATHs in USD value - ALGO needs to go ~150X to reach 2019 ATHs in BTC value The opportunity cost of falling for a bullshit tech meme shitcoin sold by a scammer who kept 20% of the supply to himself is immense. This lesson could have been learned just looking back at 2017/18 shitcoins like XRP, IOTA, etc. But people keep falling for bullshit hype narratives.

Lillica_Golden_SHIB

ALGO never disappoints in this sense

kirtash93

I still have some faith on ALGO because my position is good but damn...

Blooberino

The best projects have shit price action: NANO, ALGO, XLM, BCC

kirtash93

u/GabeSter, this article is for you. Roast ALGO.

Lillica_Golden_SHIB

Tell me about it lol on the other hand here I am, holding things like ADA, ALGO, LRC 😂😂😂

myslowtv

My ALGO will make me rich some day. It's not even worth selling at this point, because I am too attached (and it isn't worth much).

CoreySteel

What happened with ALGO?

kirtash93

Tokenomics are really important. Look ALGO... RIP

kirtash93

ALGO flipping BTC soon /S

OccasionalXerophile

If ALGO could do a casual x10 that would really make my day. Still waiting

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.

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kirtash93

This is really bullish. Now I understand why Tether stopped sending USDT to ALGO.

Shrekworkwork

Tell us wtf ur buying and I’ll buy some. For me it’s mostly ICP, memecoin $FREN on ADA and thinking of scooping big bag of ALGO. As it is so fkin cheap. Yeah I’m fucked ip. Lost 50k since last cycle. Yeeet 

Airpower_

Meme play I'm going TURBO or MYRO, good potential HBAR, CKB, ALGO. I also expect MPLX to rip this bull run. Be patient and good luck!

Valuable_Exercise580

Was going to write and say almost exactly this. Tried to buy BTC back when it was £90, couldn’t work it out, instead bought shares that went from £1.20 to almost zero. Kicking myself when BTC hit £1,100 Ended up dabbling in different ALTS for years, holding and averaging down while they tanked, and then selling as soon as them made a profit (bought ETH at £400 average down when it hit £60 in 2017, had an average of around £95 a coin and sold it all around £120 to only to watch it go up in 2020/21 to £3k+) I’ve been around for years and made hardly any money, always buying ‘new projects’ that just do nothing, putting more cash in to average down for 3/4yrs and sell after breaking even. If I’d just bought BTC at £1.1k when I thought it was overpriced and the run was over, or £3k after it dropped from £14k, thinking that BTC has to be dead now. Finally bought some when it hit £16k after dropping from £50k Holding bags in loads of projects that were the big thing 4yrs ago (ALGO/HBAR/VET/ADA/QNT/DOT/UNI) That Bit of BTC I bought went from 10% of my portfolio to 60% in value without ever buying any more of anything Now going to convert all ALTS into BTC as soon as it makes sense, and buy and hold nothing but BTC

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 a deleted user. > ####**Incredibly fast and high throughput** > > Algorand is arguably the fastest decentralized blockchain in the Top 50 > > The Algorand [v3.9.x update](https://github.com/algorand/go-algorand/pull/4506) in Sep 2022: > > * Increased block size 5x to a max throughput of ~6K TPS > * Decreased block time to ~4s (with deterministic finality). This is one of the few blockchains with finality fast enough to be used for Point of Sales. > > **Fastest swaps**: D13 recently performed a real AMM Swap benchmark where they reached **2881 swaps per second**. This easily [beats out every other L1](https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581), including Polygon (by 60x), BSC (15x), Avalanche C-Chain (90x), and even Solana by 10x. Nothing else comes close. > > ####**Very cheap transaction fees** > > Algorand is among the cheapest networks to use. All basic transactions have a 0.001 ALGO fee, which is currently $0.00025. > > Smart contracts have a [700 opscode budget](https://developer.algorand.org/tutorials/understanding-teal-opcode-budget/) before they need to be split into multiple transactions. As such, swaps are equivalent to 4 basic transactions, which is still only $0.001 in transaction fees. > > ####**Energy-efficient** > > Like most PoS blockchains, Algorand has no mining. Even if it increased its participation node count to 4000 (currently 2500), it would be [~1 billion times more energy-efficient than Bitcoin](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) per transaction. > > ####**Using Governance for Marketing** > > Algorand heavily markets its Governance program, which is used to vote on how to distribute community rewards and whether DeFi dApps should get a rewards bonus. This boosts the popularity of Algorand as it provides quarterly community marketing. This also encourages Algorand holders to keep holding their ALGO in governance quarter after quarter (until the rewards run out). > > ####**Low staking barriers for participation nodes** > > Unlike Ethereum with its 32-ETH staking requirement, there are no staking requirements for joining as a participation node. In fact, the smallest-staking node only has [2 ALGO](https://metrics.algorand.org/#/decentralization/) (so small it probably has no chance of ever being selected for participation within a lifetime). ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

DBRiMatt

ARB just gives me ALGO type vibes. Huge unlocks, increasing circulating supply - super bearish on it's price action. That, and it's just a governance token. Great network, terrible investment.

noviwu97

Gonna get my wage today, I'll go buy more ALGO

gigabyteIO

He owns BTC, ETH, SOL, ALGO.

kirtash93

I am buying ALGO only to inverse r/cc and u/GabeSter

Grunblau

ALGO, still holding but via governance, I now have a 19¢ cost average and a multi year tax deduction.

flarept1

Just like LRC and ALGO were banned.

Suspicious_Compote56

ALGO is amazing

Scared_Good1766

BTC and ETH will naturally be safer bets. I can *almost* guarantee that some alt coins will drastically outperform them, but picking which ones will and which will drop off a cliff is the gamble aspect. I would say your best risk: reward ratio at this point in the cycle is probably ETH- it’s got that prestige and hasn’t reaaally popped yet. I personally spread, I’m about 30% ETH, about 55% split between SOL, DOT, ADA and HBAR, 5% BTC and then 10% between a few that I consider longer shots but may have more upside like ICP, LINK, ALGO, GALA. Just weigh up what you’re willing to risk. Do you want a pretty solid chance at doubling or tripling your money, or do you want a small chance at 30x your money? Or do you want to hedge somewhere in between? Regardless, I would personally not touch anything outside of the top 100 coins unless you are super confident, like *insider trading* level confident

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GreedyOlive4

This will be pretty cool if it all works out. Also might help my ALGO bags I've been holding for forever. Double hype.

cmski7

Maybe dumb question but how did you do this? On my Coinbase USDC page it says it can only receive from the Ethereum network and Algo wallet says you can only receive ALGO. Is there a setting to turn this on?

biba8163

There recovery and there is recovery against BTC value. Example: - ALGO needs to go about ~25X to reach 2019 ATHs in USD value - ALGO needs to go ~150X to reach 2019 ATHs in BTC value The opportunity cost of falling for a bullshit tech meme shitcoin sold by a scammer who kept 20% of the supply to himself is immense. This lesson could have been learned just looking back at 2017/18 shitcoins like XRP, IOTA, etc.

3sides2everyStory

You'll probably break even sooner if you cut your losses and put what's left into something more certain to go up. Worked for me. I cut my deep red ALGO and ADA losses and reallocated. I'm back in the green and then some. Good luck.

goldyluckinblokchain

A rare moment for ALGO holders

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.

bailtail

I know a former member of the Algorand executive team. He told me stories years ago that made me jump on and dump my bags for a small loss literally as we were still having the conversation. They have no clue what they even want to be. Everyone in the executive team had different ideas, but there was no consensus. He brought in another friend of ours to do some marketing content for them, and he was very uncomfortable because he felt like they were looking for him to advise them on what the project should be and where it should go when he literally just makes media content. The dude that used to work at ALGO was actively looking at other positions because he saw it was a completely rudderless ship. The tech is still great, but that doesn’t matter if leadership is incompetent.

gigabyteIO

This sub hates ALGO.

InclineDumbbellPress

ALGO holders: My time to shine

jawni

Only 1 out of those 11 things is actually impressive or still relevant. 2 + 3 are sort of novelties at the moment and those kinds of protocols are not unique to Algorand at all. 4 is just a sad statement on Algorand's developer community 5 is... kinda laughable, every chain has a few good NFT projects but Algorand wouldn't even be a top 5 chain for NFTs, even top 10 would be a stretch. 6 is another one that most chains have, one-click nodes are the expectation at this point, not a selling point. 7 is the same thing, most relevant chains have multiple bridges (and have had native USDC for a while), not a selling point, an expectation 8 is super old, I remember them talking about that when I was still bullish on Algo. This thread from **2 years ago** is asking if the project is still going, then the link that is provided to check on the progress now goes to domain landing page (https://np.reddit.com/r/AlgorandOfficial/comments/p9ocax/has_there_been_an_update_on_the_marshall_islands/). If you google it, nothing more recent than 2020 comes up besides that reddit thread. 9 is the same thing again, another vague governmental partnership that accomplished nothing and went nowhere and hasn't been heard of for years. (https://np.reddit.com/r/AlgorandOfficial/comments/13e8ihu/el_salvador_chivo/) 10 is at least more recent, but selling it as "The Bank of Italy using it as their blockchain financial instrument" is misguided at best, I can't find any evidence of it being implemented at all and the only mention I see of it is it being mentioned as part of a fintech accelerator. [The press release said the platform was supposed to be operational a year ago](https://www.prnewswire.com/news-releases/algorand-chosen-as-public-blockchain-to-support-digital-guarantees-platform-in-italy-301701287.html)... where is it? 11 is also from 3 years ago and hasn't had any updates since. So out of those 11 things, you have 1 payment application that is gaining traction, 4 "government partnerships" that appear to be dead in the water, 4 things that are standard on other chains and at worst are done far better on other chains, and then 2 tokenizing protocols that exist in many different fashions elsewhere as well. I like what Algorand is trying to do, I was probably literally the first ALGO bull in this sub (you would be hard pressed to find someone mentioning ALGO before I did 5 years ago), but I just don't think they took the right approach towards getting adoption and that's why I partially sold a while ago and fully got out last bullrun.

Blooberino

The worst thing is ALGO is my 2nd most used coin, next to XLM. Coins I've never EVER used are making me money, but ones thar are so easy/quick/cheap to use are hemorrhaging cash.

Blooberino

I'm only an expert when buying SOL under $10. I'm not as much of an expert buying ALGO at $1.5, DOT at $44, XTZ at $5.75, or OMG at $14. But the past moves that I made that were profitable... total expert!

ReverendAlSharkton

You mean you didn’t get rich off the darlings of this sub like ALGO, ONE, NANO or VET?

tobypassquarant

Shocking how many people don't realize this. Ripple the company can provide a service, doesn't mean XRP will be used. Algorand Inc can provide a service, doesn't mean ALGO will be used. I'll even go one further just to rile everybody up. The Ethereum network can provide a service for RWA tokenization, coming soon according to Fink... it doesn't mean ETH will be used.

Lillica_Golden_SHIB

ALGO holders, rejoice. Good news after all, still hopeful one day I can see it past my average price of $0.86

Lillica_Golden_SHIB

I had even forgot I had ALGO in my portofolio, that's how much attention it's attracted lately

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.

kirtash93

I am only buying ALGO to inverse r/cc