DC

all-bidness33

Agreed. The average man/woman is subjected to 12 years of mediocre education, and such "education" is continued in the advertising and faux news reporting in which emotional reaction, not behavior based on rational, evidence-based thinking is the goal. As you all know, the product is delivering the consumer to the manufacturer. It takes a lot of character and years of hard knocks to lift your head a bit out of the mind-matrix. Then you understand that THEY (including Washington, DC) are all liars, constantly pitching to you something which if they were honest, you would never want for yourself, your family, your friends.

Miffers

The increase to prices are compounded after each transaction in the supply chain. Starts with the 2% increase to the feed supplier/producer, then the 2% to the logistics, then 2% to the farmer, then 2% to logistics, 2% to the buyer DC, another 2% logistics to retail. This example cut out the entire wholesale also.

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CointestMod

#Algorand Con-Arguments Below is a Algorand con-argument written by a deleted user. > ####**Smart contracts are not yet trustless** > > EVM blockchain explorers (like EtherScan) allow smart contract creators to publish and verify their smart contract code. This allows users to trustlessly audit them and interact with them in a safe and decentralized way. > > In contrast, Algorand's blockchain explorers do not show verified code. At most, they only show [decompiled code](https://algoexplorer.io/application/971388781), through which you can only guess how the smart contract works. And there's no method to interact with them trustlessly. You have to trust the developer's app. > > ####**Small dApp community** > > Algorand TVL is [currently only $240M](https://defillama.com/chains). Even an L2 rollup like Arbitrum has 4x its TVL, and Ethereum is 340x times larger. > > Algorand only generates [$100k of revenue from transactions fees annually](https://tokenterminal.com/terminal/projects/algorand). That's enough to pay for 1 engineer's salary. > > It also doesn't help that Algorand's smart contract interpreter, AVM is very different than Ethereum's EVM, so there's a barrier to switch from Solidity to PyTeal. > > ####**Algorand CEO Staci Warden has a history of immature tweets** > > * That mysterious [NIKE](https://u.today/algorand-ceo-debunks-nike-partnership-details) tweet which turned out to be nothing > * [Tweeting like a teen with bad grammar](https://twitter.com/StaciW_DC/status/1568607639717957634) about losing USDC on Hodlnaut. And why are they even storing important Foundation funds on a CeFi platform in the first place? > > ####**Low Decentralization** > > Algorand has 2500 participation nodes, but there are several other metrics that tell a different story. > > * **Very few nodes actually participate in consensus**: Over the past 7 days (~150k blocks), only [190 voters participated in consensus](https://metrics.algorand.org/#/decentralization/). Unlike Ethereum, in which EVERY staking validator participates in Casper FFG consensus, Algorand [picks voters based on their stake](https://developer.algorand.org/docs/get-details/algorand_consensus/#the-algorand-consensus-protocol), and only a few are included in their leader and voting committees. > * **Relay Nodes**: Algorand Foundation manages a secret list of relay nodes responsible for forwarding transactions to the participation nodes. It's fine as long as there are a few honest relay nodes not censoring blocks. What's concerning is that the Algorand Foundation [used to publish a number of 100-120 relay nodes](https://np.reddit.com/r/AlgorandOfficial/comments/ku4brb/algorand_relay_nodes_public_data/), but they have since scrubbed all information about the number and identity those relay nodes. > > **Governance is for unimportant decisions on reward distributions, not for protocol updates** > > Algorand often markets that it has governance. But [the elections have only been used to vote on community rewards distribution](https://governance.algorand.foundation/), and they're very minor changes. Governance is also coordinated entirely the Algorand Foundation. > > I have never found any information voting being used for Algorand updates, which suggests that there is no public vote for protocol-level decisions. > > ####**Questionable long-term economic sustainability of its security model** > > **Constantly-changing plans** > > As much as I like Algorand's technology, its tokenomics suck. The more I study Algorand's tokenomics, the more I feel that it's a decade-long rug pull. > > First, the Algorand Foundation keeps changing the rewards system and tokenomics model: > > * They attracted node runners (early relay nodes) with billions of dollars of rewards, set to last until 2024. > * They attracted stakers and participation nodes with rewards to last until 2022. > * They then attracted community participation with Governance rewards starting in late 2021 that is currently scheduled to run out in 2030. > * At one point, there were discussions about re-introducing rewards for community relay nodes after community complaints. > > I compare their documentation with [my previous notes](https://np.reddit.com/r/MPlankton/comments/v16v7v/algorand_research_may_2022_draft/) from mid 2022, and many of the links they originally published have been replaced. Their notorious "Long Term Algo Dynamics" page, referenced as the "[New, Longer Term Algo Dynamics Model](https://www.algorand.foundation/news/new-algo-dynamics-overview)" is now old. It redirects to [a new, new model](https://www.algorand.foundation/tokenomics) which still doesn't fix their tokenomics. They seem to be changing decisions on a whim, chasing after whatever gets the most bad publicity at the time. > > **No Plans after 2030** > > Algorand Foundation's plans for [long-term economic sustainability](https://forum.algorand.org/t/serious-lack-of-transparency-and-engagement-of-algorand-foundation/2385/10) have been put off until 2030. It originally designed for Algo's 10B supply to be distributed over 6 years, with relay nodes being rewarded until 2022. That plan was scrapped and remade in Dec 2020 to extend the deadline to 2030 with rewards for relay nodes to last until 2024. There are no plans for sustainable rewards past 2030, and Algorand's tokenomics is a ticking time bomb. > > **High Inflation** > > Algorand's circulating supply has uneven inflation due to an accelerated vesting schedule. The actual circulating supply inflation was 141% in 2020, an insanely-high 433% in 2021, and 12.7% in 2022 [source](https://messari.io/asset/algorand/chart/sply-circ). The silver lining is that accelerated vesting is now over, so inflation will be [~5% over the period of 2023-2029](https://assets-global.website-files.com/62835f42aef969049eba0806/62cc37d101a3d91afc30efca_December%202020%20Algo%20Dynamics.pdf), assuming the 10B max supply holds. > > ####**Revenue too low to sustain security** > > Algorand only produces [~$100K annually from transaction fees](https://tokenterminal.com/terminal/projects/algorand), which isn't enough to cover the annual salary of single engineer. If they want to support their current 100 relay nodes, they'll likely need 100x the current fees unless everyone is super nice and **working for free**. > > **Relay Nodes** are maintained by a consortium of early investors, VCs, Universities, and other non-profits until 2024. These are being paid for through multiple rounds of massive grants totaling at least 2.5B Algo (worth billions of USD). Algorand is still the covering costs for future decentralized Relay Nodes through its [Community Relay Node Program](https://www.algorand.foundation/news/community-relay-node-program). > > It currently costs [$5-10K/year to run a cost-effective relay node on AWS](https://np.reddit.com/r/AlgorandOfficial/comments/o4on6e/run_a_relay_node_on_aws_cost_estimation/). Algorand's $100K in annual revenue from transaction fees is enough to cover a single relay node with 1 engineer. It's unsustainable. Do they think that relay node providers, each currently paid $5M annually on average, are going to stick around when they're suddenly no longer getting paid? > > **Participation nodes** are responsible for consensus and don't get paid anything. They have moderately-high [hardware requirements](https://developer.algorand.org/docs/run-a-node/setup/install/): 16GB memory, 100GB NVMe SSD, 1 Gbps dedicated Internet. > > They don't get paid any rewards, and I'm skeptical how reliable that can be with their hardware, energy, and personnel costs. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

CouplePuzzled

Swimming pools are not a good use of energy/resources. We need to bring in a "Save the water act." \- Bitcoin CEO. - DC Lobbyist.

raymv1987

It's not. There's a guy on this sub who's a congressional staffer and was part of a presentation showing that the percentage of those identifying as democrats who hold crypto was slightly higher if not even with republicans. It's just the more libertarian wing of the crypto space that is the loudest. The most prominent crypto group in DC is the Crypto Eight which is evenly split among parties.

Primary_Journalist64

Good point. The left blames big business. The right blames big government. But big business and big government love each other. Very common for congressional aids or DC bureaucrats to get promoted to K street. It’s all one big happy family. The system has been corrupted to its core. The coercive power of government bought and paid for by the elite. From their perspective, Why pick a side when you can own both sides and always be right? If people understood this, they would be more open to an alternative system such as bitcoin.

Human-Contribution16

THIS. DC is a clown car that's lost it's wheels. The entire elitist professional class of bought politicians should be voted out of existence. But instead people continue to buy into tribal voting patterns regardless of the zealot pushed in front of them. Warren is just one example - and historians will look back analyzing the fall of this latest empire and just shake their heads in wonder.

FistyFisticuffs

[The SEC is quite literally the last party to lose to a nonlawyer pro se petitioner in front of the Supreme Court](https://newrepublic.com/article/158088/mr-sloan-went-washington). The Supreme Court no longer allows nonlawyer pro se petitioners these days, but the SEC's conduct on the merits and the actions of its counsel in the case was, well, frankly, disgraceful, but also unsurprising. I worked at a public interest firm that represented indigent or close-to-indigent clients in administrative law cases and the only agency that throws its weight around with a level of gratuitous entitlement is, well, DHS. Except DHS has guns and detention facilities and it's easy, if not justifiable, to see why they get away with a lot of things congress should exercise oversight over - since the PATRIOT Act they're essentially a paramilitary agency that operates mostly outside of the justice system with little oversight. The SEC, on the other hand, is less about outright menace but has more of a Wall Street on the Potomac vibe. It's not a secret that their relationship with Wall Street is somewhere between chummy and incestuous and have simply brushed off adverse decisions from circuit courts and the Supreme Court year after year. I don't know why they deserve any sort of benefit of doubt, not in 1976, not now. But administrative law practitioners and in house counsel saying 'fuck the SEC' is hardly a rare sentiment to be heard at happy hours in DC and NYC at certain drinking establishments, and not just because we have an adversarial system but because some agencies take their mandate more seriously than others and the SEC is certainly not among them. I don't think one should be necessarily excited to invest in a target of SEC's actions, but as long as it's not a bank, it's... not exactly dispositive of anything in terms of merits to their complaint. I don't know what you think the poster above you deserves exactly, but the SEC certainly would be expecting a response in that vein as well. It's kind of how business is done with them. It'd be weird to simply roll over on a regulator that nobody, not even their own IG, can claim to assiduously play by the rules - rules that they made and enforce themselves by the way, based on their reading of century old black letter law and amendments designed to be vague so that the agency can fill in the gaps as they see fit. This is pretty much just how they operate and the response is pretty much as expected.

Head-Message990

Btw, "Gary" met numerous times w/the Head of FTX Exchange, Sam Bankman-Fried who GG gave the "go-ahead" to when he met with the 27 yo 'Boy-Wonder' in Washington DC last year. SBF's exchange, FTX whose tokens FTT (along with its 'sister-company', Alameda Research, under the direction of Caroline Ellison, were involved in a big Ponzi'-like schemes; where there WAS "co-mingling" of customer funds with FTX funds.. Now that Gary Gensler wants to further expand his 'Reign-Of-Terror-- I mean, "Reign-Of-Power" & he's got a bit of Egg on his face; he's just hoping that most Americans won't call him out on his SBF/FTT debacle/kerfuffle... Gary wants to next go into AI, I've read...

No_Secretary4196

Yeah and 6 months from now when BTC hits 8k you'll be writting another post about how stupid you were for listening to all the hype fomo bulls and aggressively DC'ing.

icedlattepapi

OP is about to get rekt DC’ing now. That last pump to 37K was artificial.

Hot_Difficulty6799

The SEC has been denying bitcoin spot ETFs because there isn't a regulated crypto market of sufficient size to prevent price manipulation. The court of appeals for DC has ruled that the SEC denial is arbitrary and capricious under the Administrative Procedures Act, because the SEC has approved bitcoin futures ETFs. The SEC might be cornered into approving spot price bitcoin ETFs by the ruling, and also maybe spot price ether. This in no way corners the SEC into approving altcoin or shitcoin ETFs. The argument that there isn't a regulated crypto market of sufficient size to prevent price manipulation of altcoins or shitcoins holds more strongly for them.

Warrlock608

I have the real life version! A friend from high school works in DC for the IMF and every year around this time we meet for holiday stuff and get into an heated discussion about BTC. Basically in his eyes if it isn't controlled by the IMF it is bad.

johnsondavis33

Hello I'm Davis from Washington DC am in financial growth institute, also a trader in bitcoin forex stock and other crypto currencies, are you interested in Bitcoin minning ?

johnwick3

Altruism and power rarely go together. It has nothing that is specific to our members of Congress. It is the nature of humanity. Psychopathic behavior trends towards the top. This is precisely why Washington DC is the psychopathy capital of the United States, if not the world. Basically, you have to force the hand of the people in power. They will never do it by themselves over long periods of time.

reed5point0

Why does Cardano need a buzzword update every time like Sundaeswap or that Bird or the Lobsters? But each one is what's going to make cardano "good" or "better" Charles is like the Dutch Van Der Linde of Red Dead Redemption. He promises you all Tahiti and you do his bidding...You all end up broke and dead from TB...He gets a massive Colorado and Montana ranch and a school in DC named after him.

DatBuridansAss

Never seen it with trump. Supermodels and starlets yeah. But Biden is always fondling children and making inappropriate comments to them on stage. His entire political career. https://twitter.com/DC_Draino/status/1703782157280321601 Not sure what the trump relevance is anyway. Are people incapable of hearing valid criticisms about one creepy politician without kneejerking to some other one who they think is also creepy? Trump isn't even in office.

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CointestMod

#Algorand Con-Arguments Below is a Algorand con-argument written by a deleted user. > ####**Smart contracts are not yet trustless** > > EVM blockchain explorers (like EtherScan) allow smart contract creators to publish and verify their smart contract code. This allows users to trustlessly audit them and interact with them in a safe and decentralized way. > > In contrast, Algorand's blockchain explorers do not show verified code. At most, they only show [decompiled code](https://algoexplorer.io/application/971388781), through which you can only guess how the smart contract works. And there's no method to interact with them trustlessly. You have to trust the developer's app. > > ####**Small dApp community** > > Algorand TVL is [currently only $240M](https://defillama.com/chains). Even an L2 rollup like Arbitrum has 4x its TVL, and Ethereum is 340x times larger. > > Algorand only generates [$100k of revenue from transactions fees annually](https://tokenterminal.com/terminal/projects/algorand). That's enough to pay for 1 engineer's salary. > > It also doesn't help that Algorand's smart contract interpreter, AVM is very different than Ethereum's EVM, so there's a barrier to switch from Solidity to PyTeal. > > ####**Algorand CEO Staci Warden has a history of immature tweets** > > * That mysterious [NIKE](https://u.today/algorand-ceo-debunks-nike-partnership-details) tweet which turned out to be nothing > * [Tweeting like a teen with bad grammar](https://twitter.com/StaciW_DC/status/1568607639717957634) about losing USDC on Hodlnaut. And why are they even storing important Foundation funds on a CeFi platform in the first place? > > ####**Low Decentralization** > > Algorand has 2500 participation nodes, but there are several other metrics that tell a different story. > > * **Very few nodes actually participate in consensus**: Over the past 7 days (~150k blocks), only [190 voters participated in consensus](https://metrics.algorand.org/#/decentralization/). Unlike Ethereum, in which EVERY staking validator participates in Casper FFG consensus, Algorand [picks voters based on their stake](https://developer.algorand.org/docs/get-details/algorand_consensus/#the-algorand-consensus-protocol), and only a few are included in their leader and voting committees. > * **Relay Nodes**: Algorand Foundation manages a secret list of relay nodes responsible for forwarding transactions to the participation nodes. It's fine as long as there are a few honest relay nodes not censoring blocks. What's concerning is that the Algorand Foundation [used to publish a number of 100-120 relay nodes](https://np.reddit.com/r/AlgorandOfficial/comments/ku4brb/algorand_relay_nodes_public_data/), but they have since scrubbed all information about the number and identity those relay nodes. > > **Governance is for unimportant decisions on reward distributions, not for protocol updates** > > Algorand often markets that it has governance. But [the elections have only been used to vote on community rewards distribution](https://governance.algorand.foundation/), and they're very minor changes. Governance is also coordinated entirely the Algorand Foundation. > > I have never found any information voting being used for Algorand updates, which suggests that there is no public vote for protocol-level decisions. > > ####**Questionable long-term economic sustainability of its security model** > > **Constantly-changing plans** > > As much as I like Algorand's technology, its tokenomics suck. The more I study Algorand's tokenomics, the more I feel that it's a decade-long rug pull. > > First, the Algorand Foundation keeps changing the rewards system and tokenomics model: > > * They attracted node runners (early relay nodes) with billions of dollars of rewards, set to last until 2024. > * They attracted stakers and participation nodes with rewards to last until 2022. > * They then attracted community participation with Governance rewards starting in late 2021 that is currently scheduled to run out in 2030. > * At one point, there were discussions about re-introducing rewards for community relay nodes after community complaints. > > I compare their documentation with [my previous notes](https://np.reddit.com/r/MPlankton/comments/v16v7v/algorand_research_may_2022_draft/) from mid 2022, and many of the links they originally published have been replaced. Their notorious "Long Term Algo Dynamics" page, referenced as the "[New, Longer Term Algo Dynamics Model](https://www.algorand.foundation/news/new-algo-dynamics-overview)" is now old. It redirects to [a new, new model](https://www.algorand.foundation/tokenomics) which still doesn't fix their tokenomics. They seem to be changing decisions on a whim, chasing after whatever gets the most bad publicity at the time. > > **No Plans after 2030** > > Algorand Foundation's plans for [long-term economic sustainability](https://forum.algorand.org/t/serious-lack-of-transparency-and-engagement-of-algorand-foundation/2385/10) have been put off until 2030. It originally designed for Algo's 10B supply to be distributed over 6 years, with relay nodes being rewarded until 2022. That plan was scrapped and remade in Dec 2020 to extend the deadline to 2030 with rewards for relay nodes to last until 2024. There are no plans for sustainable rewards past 2030, and Algorand's tokenomics is a ticking time bomb. > > **High Inflation** > > Algorand's circulating supply has uneven inflation due to an accelerated vesting schedule. The actual circulating supply inflation was 141% in 2020, an insanely-high 433% in 2021, and 12.7% in 2022 [source](https://messari.io/asset/algorand/chart/sply-circ). The silver lining is that accelerated vesting is now over, so inflation will be [~5% over the period of 2023-2029](https://assets-global.website-files.com/62835f42aef969049eba0806/62cc37d101a3d91afc30efca_December%202020%20Algo%20Dynamics.pdf), assuming the 10B max supply holds. > > ####**Revenue too low to sustain security** > > Algorand only produces [~$100K annually from transaction fees](https://tokenterminal.com/terminal/projects/algorand), which isn't enough to cover the annual salary of single engineer. If they want to support their current 100 relay nodes, they'll likely need 100x the current fees unless everyone is super nice and **working for free**. > > **Relay Nodes** are maintained by a consortium of early investors, VCs, Universities, and other non-profits until 2024. These are being paid for through multiple rounds of massive grants totaling at least 2.5B Algo (worth billions of USD). Algorand is still the covering costs for future decentralized Relay Nodes through its [Community Relay Node Program](https://www.algorand.foundation/news/community-relay-node-program). > > It currently costs [$5-10K/year to run a cost-effective relay node on AWS](https://np.reddit.com/r/AlgorandOfficial/comments/o4on6e/run_a_relay_node_on_aws_cost_estimation/). Algorand's $100K in annual revenue from transaction fees is enough to cover a single relay node with 1 engineer. It's unsustainable. Do they think that relay node providers, each currently paid $5M annually on average, are going to stick around when they're suddenly no longer getting paid? > > **Participation nodes** are responsible for consensus and don't get paid anything. They have moderately-high [hardware requirements](https://developer.algorand.org/docs/run-a-node/setup/install/): 16GB memory, 100GB NVMe SSD, 1 Gbps dedicated Internet. > > They don't get paid any rewards, and I'm skeptical how reliable that can be with their hardware, energy, and personnel costs. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

inkandpaperguy

He admittedly knows little about crypto. He was/ is a complete "degen". He's a sociopathic (or psychopathic) compulsive liar. Everyone ate all the bullshit he spewed. Having rich, well connected parents helps. Every landed lie solidified his make believe reputation and status. Being a product of the "helicopter parenting and everyone gets a trophy" generation glued it all together. Throwing money at politicians made him the "DC darling". He "dressed for the role" of anti-establishment bro with hoodies, shorts and unkempt hair. The fact that FTX was so viable at the time is why they are trying to bring this company back to life.

UpbeatFix7299

They travel to worship at the altar at the company that ripped them off for links to jpegs. Upon arrival, said company scorches their retinas. But don't worry, the BAYC ip will be worth more than DC and Marvel combined in the near future, so a trip to the emergency room is a small price to pay.

cuthanh

I made a small app to help me DCA in and DC out getnimbus.io/dca

CodeXploit1978

When i look at my portfolio and news and think "This industry will fail it has no future " then i DC in. I start selling when my parents start asking me about bitcoin - i usualy sell 40%.

CointestMod

#Algorand Con-Arguments Below is a Algorand con-argument written by Maleficent_Plankton. > ####**Smart contracts are not yet trustless** > > EVM blockchain explorers (like EtherScan) allow smart contract creators to publish and verify their smart contract code. This allows users to trustlessly audit them and interact with them in a safe and decentralized way. > > In contrast, Algorand's blockchain explorers do not show verified code. At most, they only show [decompiled code](https://algoexplorer.io/application/971388781), through which you can only guess how the smart contract works. And there's no method to interact with them trustlessly. You have to trust the developer's app. > > ####**Small dApp community** > > Algorand TVL is [currently only $240M](https://defillama.com/chains). Even an L2 rollup like Arbitrum has 4x its TVL, and Ethereum is 340x times larger. > > Algorand only generates [$100k of revenue from transactions fees annually](https://tokenterminal.com/terminal/projects/algorand). That's enough to pay for 1 engineer's salary. > > It also doesn't help that Algorand's smart contract interpreter, AVM is very different than Ethereum's EVM, so there's a barrier to switch from Solidity to PyTeal. > > ####**Algorand CEO Staci Warden has a history of immature tweets** > > * That mysterious [NIKE](https://u.today/algorand-ceo-debunks-nike-partnership-details) tweet which turned out to be nothing > * [Tweeting like a teen with bad grammar](https://twitter.com/StaciW_DC/status/1568607639717957634) about losing USDC on Hodlnaut. And why are they even storing important Foundation funds on a CeFi platform in the first place? > > ####**Low Decentralization** > > Algorand has 2500 participation nodes, but there are several other metrics that tell a different story. > > * **Very few nodes actually participate in consensus**: Over the past 7 days (~150k blocks), only [190 voters participated in consensus](https://metrics.algorand.org/#/decentralization/). Unlike Ethereum, in which EVERY staking validator participates in Casper FFG consensus, Algorand [picks voters based on their stake](https://developer.algorand.org/docs/get-details/algorand_consensus/#the-algorand-consensus-protocol), and only a few are included in their leader and voting committees. > * **Relay Nodes**: Algorand Foundation manages a secret list of relay nodes responsible for forwarding transactions to the participation nodes. It's fine as long as there are a few honest relay nodes not censoring blocks. What's concerning is that the Algorand Foundation [used to publish a number of 100-120 relay nodes](https://np.reddit.com/r/AlgorandOfficial/comments/ku4brb/algorand_relay_nodes_public_data/), but they have since scrubbed all information about the number and identity those relay nodes. > > **Governance is for unimportant decisions on reward distributions, not for protocol updates** > > Algorand often markets that it has governance. But [the elections have only been used to vote on community rewards distribution](https://governance.algorand.foundation/), and they're very minor changes. Governance is also coordinated entirely the Algorand Foundation. > > I have never found any information voting being used for Algorand updates, which suggests that there is no public vote for protocol-level decisions. > > ####**Questionable long-term economic sustainability of its security model** > > **Constantly-changing plans** > > As much as I like Algorand's technology, its tokenomics suck. The more I study Algorand's tokenomics, the more I feel that it's a decade-long rug pull. > > First, the Algorand Foundation keeps changing the rewards system and tokenomics model: > > * They attracted node runners (early relay nodes) with billions of dollars of rewards, set to last until 2024. > * They attracted stakers and participation nodes with rewards to last until 2022. > * They then attracted community participation with Governance rewards starting in late 2021 that is currently scheduled to run out in 2030. > * At one point, there were discussions about re-introducing rewards for community relay nodes after community complaints. > > I compare their documentation with [my previous notes](https://np.reddit.com/r/MPlankton/comments/v16v7v/algorand_research_may_2022_draft/) from mid 2022, and many of the links they originally published have been replaced. Their notorious "Long Term Algo Dynamics" page, referenced as the "[New, Longer Term Algo Dynamics Model](https://www.algorand.foundation/news/new-algo-dynamics-overview)" is now old. It redirects to [a new, new model](https://www.algorand.foundation/tokenomics) which still doesn't fix their tokenomics. They seem to be changing decisions on a whim, chasing after whatever gets the most bad publicity at the time. > > **No Plans after 2030** > > Algorand Foundation's plans for [long-term economic sustainability](https://forum.algorand.org/t/serious-lack-of-transparency-and-engagement-of-algorand-foundation/2385/10) have been put off until 2030. It originally designed for Algo's 10B supply to be distributed over 6 years, with relay nodes being rewarded until 2022. That plan was scrapped and remade in Dec 2020 to extend the deadline to 2030 with rewards for relay nodes to last until 2024. There are no plans for sustainable rewards past 2030, and Algorand's tokenomics is a ticking time bomb. > > **High Inflation** > > Algorand's circulating supply has uneven inflation due to an accelerated vesting schedule. The actual circulating supply inflation was 141% in 2020, an insanely-high 433% in 2021, and 12.7% in 2022 [source](https://messari.io/asset/algorand/chart/sply-circ). The silver lining is that accelerated vesting is now over, so inflation will be [~5% over the period of 2023-2029](https://assets-global.website-files.com/62835f42aef969049eba0806/62cc37d101a3d91afc30efca_December%202020%20Algo%20Dynamics.pdf), assuming the 10B max supply holds. > > ####**Revenue too low to sustain security** > > Algorand only produces [~$100K annually from transaction fees](https://tokenterminal.com/terminal/projects/algorand), which isn't enough to cover the annual salary of single engineer. If they want to support their current 100 relay nodes, they'll likely need 100x the current fees unless everyone is super nice and **working for free**. > > **Relay Nodes** are maintained by a consortium of early investors, VCs, Universities, and other non-profits until 2024. These are being paid for through multiple rounds of massive grants totaling at least 2.5B Algo (worth billions of USD). Algorand is still the covering costs for future decentralized Relay Nodes through its [Community Relay Node Program](https://www.algorand.foundation/news/community-relay-node-program). > > It currently costs [$5-10K/year to run a cost-effective relay node on AWS](https://np.reddit.com/r/AlgorandOfficial/comments/o4on6e/run_a_relay_node_on_aws_cost_estimation/). Algorand's $100K in annual revenue from transaction fees is enough to cover a single relay node with 1 engineer. It's unsustainable. Do they think that relay node providers, each currently paid $5M annually on average, are going to stick around when they're suddenly no longer getting paid? > > **Participation nodes** are responsible for consensus and don't get paid anything. They have moderately-high [hardware requirements](https://developer.algorand.org/docs/run-a-node/setup/install/): 16GB memory, 100GB NVMe SSD, 1 Gbps dedicated Internet. > > They don't get paid any rewards, and I'm skeptical how reliable that can be with their hardware, energy, and personnel costs. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

Fiach_Dubh

https://twitter.com/SenWarren United States Senator 309 Hart Senate Office Building Washington DC 20510 (202) 224-4543 https://twitter.com/RogerMarshallMD United States Senator 479A Russell Senate Office Building Washington DC 20510 (202) 224-4774 https://twitter.com/SenJohnKennedy United States Senator John, Kennedy United States Senator (202) 224-4623 Sherrod Brown United States Senator (202) 224-2315 Jeanne Shaheen United States Senator (202) 224-2841 Chris Van Hollen United States Senator (202) 224-4654 Ben Ray Luján United States Senator (202) 224-6621 Joe Manchin III United States Senator (202) 224-3954 John Fetterman United States Senator (202) 224-4254 Jack Reed United States Senator (202) 224-4642 Michael F. Bennet United States Senator (202) 224-5852 Tina Smith United States Senator (202) 224-5641 Sheldon Whitehouse United States Senator (202) 224-2921 Mark R. Warner United States Senator (202) 224-2023 Jon Tester United States Senator (202) 224-2644 Tim Kaine United States Senator (202) 224-4024 Margaret Wood Hassan United States Senator (202) 224-3324 John Hickenlooper United States Senator (202) 224-5941 Angus S. King, Jr. United States Senator (202) 224-5344 Raphael Warnock United States Senator (202) 224-3643 Christopher A. Coons United States Senator (202) 224-5042 Catherine Cortez Masto United States Senator (202) 224-3542 Sheldon Whitehouse United States Senator (202) 224-2921 Gary C. Peters United States Senator (202) 224-6221 Mark Kelly United States Senator (202) 224-2235 Cory A. Booker United States Senator (202) 224-3224 Benjamin L. Cardin United States Senator (202) 224-4524 Richard Blumenthal United States Senator (202) 224-2823 Christopher S. Murphy United States Senator (202) 224-4041 Amy Klobuchar United States Senator (202) 224-3244

c94

Politicians create laws and systems, and through that the jury is influenced. That’s why people of different religions, race, sex, socioeconomic status and other factors receive different treatment in court. It’s never going to be equal but as long as the goal is to get there it’s the best we can hope for. Whether politicians are making progress towards that goal or not is a constant source of debate. Now that he’s convicted, Biden can issue a pardon for federal charges or DC politicians can group together to pass laws that will retroactively free him. Unlikely. The other thing they could have done was delay the trial, investigation and simply ignore evidence. Instead they threw a book at SBF quickly in the scheme of a legal case this huge.

Humlupo

He will get pardoned bc of all the campaign money he spread around in DC.

cold_gibbon

Do you like dags? DC3SwkuaQnRELjd4B25FaR85KFvf6paq2m

SpiritedBuilder3

It really depends on the entry. For example, I bought in at almost the ATH. If I would have lump summed at that time (basically taking what I’ve DCA’d over the last 3 years and if my maths are correct) my BTC would be worth around 18K. Instead, I’ve bought fairly steady, but missed piling in on the 2022 bottom as I wasn’t liquid, so now I’m just about break even, but I keep DC’ing and am staying just behind this current market. I’m also around .015 or so from a coin. But obviously, if I would have lump summed at the bottom the same amount, I’d be sitting better.

MetaPhysicsOnlyPlz

iN-NOVATiVE. FEAR-LESS. iNiTi-ATiVE. (“INNOVATIVE FEARLESS INITIATIVE”) i-Fi.               Index     Foreword Digital Legend & Terminology   Introduction – Summary   Part  1 Example 1.0 (Benfords Law) Example 2.0 (Systematic Analogy)   Exchange Rate Business Rate Customer Exchange Rate   Transactions Transactional & Numerical Receipt (“.QUAN-TUM.SUPER-MACY.”) Example 3.0 (Time of Receipt) Example 4.0 (Terminology) Example 5.0 (Digital Legend) Example 6.0 (Coupon & Voucher Receipt) Example 7.0 (Customer & Business Receipt) Example 8.0 (Authorized Receipt – iFi Copy)   Services & Networks Cloud System Cloud Network Credit Network Data Network Market Network Physical Products Non/Physical Products & Services   Training & Learning Network Language + Communication & Co-Verse-Sation Education & Academia Paperback +Literacy & Publications Melody of Music Medical Health & Wellbeing   Future Prospects + Services & Products   Conclusion     Part 2 Company Business Model Company Hardware Devices Hardware Functionality Software Credit Transfer NFC   Cloud System Cloud Network Data Network Credit Network CSW – Credit Storage Wallet CSS – Credit Saving Scheme CCV – Credit Control Vault Future Goals & Strategy             Foreword   Over the past few years, I have dedicated my time building a combination of this Systematic, sustainable interlinking Networks.  The business itself is quiet unique, something that isn't out there, right now. The company provides increased and gradual growth of global markets, down to a single individual person.   Digital Legend & Terminology   N > Network S > System CS > Cloud System CN > Cloud Network DN > Data Network CN > Credit Network MN > Market Network   TLN > Training & Learning Education LCCvs > Language, Communication & Co-Verse-Sation EA> Education & Academia PLP > Paperback, Literacy & Publications M.o.M > Melody of Music M > Medical HW > Health & Wellbeing FP > Future Prospects   Crd > Credit Cur > Currency D > Data B > Barter E > Exchange EXr >  Exchange Rate HD > Hardware Device SD > Software Device C.B > Customer to Business C.C > Customer to Customer B.B > Business to Business B.C > Business to Customer RC > Registered Customer GC > Guest Customer   CC > Credit Controller CR > Credit Receiver DC > Data Controller DR > Data Receiver DA > Data Auction Dp >  Data Point DRv > Data Reserve DDP > Data DuD Pool CSW > Credit Control Vault CSS > Credit Control Scheme CCV > Credit Control Vault   C > Customer c > Coupon B > Business v > Voucher r > Receipt S > Service   pP > physical Product phD > physical Hardware Device N.NP > non/physical Product n.nP.S >  non/physical Product & Service Br > Business Receipt Tr > Transactional Receipt T > Transaction D/O > Digital/Online PoI > Points of Interest PoV > Point of View

tellmesomeothertime

I keep my words laser etched into individual pieces of 1in aluminum and buried in 24 separate 6 ft deep holes, sealed in a lead lined concrete block. The blocks have been buried around Washington DC and clues to their locations hidden in famous monuments and historical memorabilia. There's a final cipher that once solved will describe the order in which the words are arranged and is hidden behind the frame of one of DaVinci's final works. For now there's only .0005 BTC left in the wallet but I had to liquidate most of my holdings for plane travel and time off work to set things up.

pete202095

Free 200usdt when signing up. Started with 50usdt and now drawing out 500 every few days. https://jumptd1.top/#/register?code=F12DC7

Rice-Fragrant

When you factor in minimum wage, adjusted for inflation, it should be about $15/hr now and as hard as it is to believe, MANY COLLEGE GRADUATES straight out of college LIVING IN HIGHER COST OF LIVING STATES are earning minimum wage technically speaking. Example: Medical resident PGY1 (graduates medical school with MD but needs at minimum 3 years residency training to become a licensed physician) working average of 80 hours a week and living in Brooklyn NYC, San Francisco CA, Portland OR, Washington DC etc makes $60,000/yr… about the same as an average STEM graduate fresh out of school BUT AFTER FACTORING INFLATION AND COST OF LIVING, THE HOURS WORKED, THE MEDICAL RESIDENTS ARE MAKING ABOUT FEDERAL MINIMUM WAGE! With a debased currency, these new medical school graduates have to borrow MORE AND MORE… my cousin is in $350,000 of debt and is currently doing residency in internal medicine… 80hrs a week earning $60,000/yr living in NYC… after doing this for 3 years he gets his license to practice medicine and his starting base salary is expected to be $200,000 in NYC… that’s the same as a truck driver living in Atlanta minus the 1/3 million dollars of debt. How can anyone defend this parasitic system is beyond me… Unless you are wealthy and have rich parents to pay your way, or get a scholarship, you are FORCED TO BECOME A DEBT SLAVE TO LIVE YOUR DREAMS… no wander Max Kieser called the fiat system an INTEREST RATE APARTIT.

Mr_Carry

And because the government works at the speed of government, they only laughed at it when it was actually small enough for them to kill. The true resilience of bitcoin to US strength lies not just in that it's so big, but that the enemies of the USA have been stackin' sats for some time (China, India, Russia, NK, etc). It's too big to kill now. But that's what you get when your country is led by octogenarians who have been in their DC bubble for so long that the only transparency they know is looking through a bottle of vodka.

Wu-Kang

I just DC and throw in some extra when the price moves down.

cauIkasian

Can you elaborate though? Especially on the impact on defi side of things? > Outages Got this, we all know it's a big problem for Solana. > centralization In what way? Too much stake in one DC, or what? > scaling solutions Specifically what? Maine "scaling solution" (if you wanna call it that) I know is the new Solana client which allegedly can bring quite a lot of improvement.

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jbtravel84

IM showing this happened 4 months ago, starting on 6/20 to be exact. Did you just now realize the funds are gone? Your funds were peeled off to the following wallets: * 0x6ad51d83963cEcBD0A4B0FFC7f88F44672fe5B28 * 0x56e0aaB226bC3a082e427dc597d307A18A1f1985 * 0x7993041B5e9fc152037dcE69A3C40f7211946901 * 0x7eb3302eC114ca00067fB8fB15E54a68bDD1c15d * 0xb43965B09245fB8f39cE04C66297d6e110b8a9f6 * 0x6DC7Dae7e1aF952697cdBfba5653fa0f950731b8 * 0xe14a63505aac4452390c1E6154bbe806EC365d15 * 0x7CF357b21E70325b75aF646fedfdf078940A081D * 0xAde2C62FDc9480B976602A90EFAF0938a6713359 Following the path I noticed your funds were sent to a Cryptomous Hotwallet - [https://etherscan.io/address/0xf52605c7b778563a5a9144ef4dc53b57463ca2c7](https://etherscan.io/address/0xf52605c7b778563a5a9144ef4dc53b57463ca2c7) In addition there's a few deposit addresses were funds were sent to. * 0x7EDe1cB4B601709545d4B0e294f545D59BfF682B - Shakepay * 0x4E512dCe5Aa5fA38B46C9413245c3aCF642CadeB - Shapeshift * 0x4db7487d9596fF765814acC97424a929ED64854B - Binance * 0xa6559F74bb7FAd54435a9FE6e80C19D13D5e2794 - Kraken - 4M * 0xf9412BB186d5F344A0fB5B0ca0D52Ce8CA4d0Ade - Bitstamp - 5M The Kraken deposit has about 4 million+ funds sent through it and the Bitstamp 5 million My guess you and other victims were hit with a phishing scam of some sort.

ScamJustice

Gary is helping his butt buddies front run retail investors so that they will give him a nice advisor job that will pay him millions of dirty fiat once he's out of DC

Status_Floor1746

So in the US typically you have one power company that's it you pay them... In Texas we have hundreds each competing with each other for customers. As a Texan I love it and since I now live and work in Washington DC I have seen my bill go up 20% in the last year with no other options to shop around.

JustStopppingBye

Yep. But CCIP is not fully live yet. [https://imgur.com/TNXnvnT](https://imgur.com/TNXnvnT) A$DC is the stable coin of The Australia and New Zealand Banking Group Limited. Proof of them testing CCIP and not some fairy tale. [https://www.afr.com/companies/financial-services/anz-stablecoin-a-dc-used-to-buy-tokenised-carbon-credit-units-20220624-p5awb0](https://www.afr.com/companies/financial-services/anz-stablecoin-a-dc-used-to-buy-tokenised-carbon-credit-units-20220624-p5awb0)

meatforsale

He’s a fairly progressive guy who isn’t quite as beholden to corporate donors like the folks in DC. Not sure how that’ll change when he starts eyeing bigger offices though.

jjohns91

She cut from the same corrupt cloth as 99% of the asshats in DC. The uni party serving special interest.

Olskoolah

An AC/DC cover band called BTC/USD…?

stockyewok

AC/DC oh yeah

NeuroRe-Ed

“Ain't No Fun (Waiting 'Round to Be a Millionaire)" by AC/DC

Status_Floor1746

They have been on a heck of a roll at the moment. The DC event was fantastic and brought a lot of lawmaker attention and really helped educate and unite lawmakers around the House Legislation

EdgarAllenBoone

Yep, need some big money lobbying to start making inroads in DC. CoinBase appears to be starting to fill that void

meatforsale

I’d only support an ad where a hero rises from the ashes and stops the hackers in DC from shorting crypto.

xeneks

I guess the question is of if they are more asics or incorporate any fpgas or plds. Guessing.. it’s probably all depending on the specific model and manufacture and version. Even if ASICS they probably have incredible utility. You simply need a way to utilise the particular circuit for particular compute tasks. You probably need to rewrite the tasks specifically for the unique circuit. And also, probably would put them on to a digital power switch for power management. Then, you would need to ensure the power supply is renewable and that the maintenance of it is affordable from any returns gained from running the silicon hot. And you would need a marketplace and way to measure usage for billing. Where something is AC powered, you would probably switch to DC so that there isn’t large loss in step up and step down. Maybe.

Curious-Toe-69420

Aah yes, the good old days of DC electricity. Did he manage that with a single light bulb?

frank__costello

> it makes sense CB would not hold a DEX coin Brian Armstrong literally called Hayden an "American hero" a few days ago in DC Coinbase is very supportive of DEXs, SUSHI is getting delisted because there's no volume on the token

HacksawJimDGN

"Since the dawn of time man has yearned to go to the moon.....but what happens when the moon comes to him???......" *plays Back in Black by AC-DC*

teh_d3ac0n

Don't join "exclusive" DC/TG crypto groups. No one knows fuck about shit, unless they are the ones doing the ruggpulling.

0xjoel

It happens In aot of DC server and at the end they don't end up providing value And people keep loosing their money while paying for the membership Most funny thing is that The membership fee is always way too much, well you did the right thing, perhaps if you had talked it out with them and they didn't listen Wishing you best of luck on your new adventure amigo

throttledog

In this case printing excesses of money was just one of the bigger pieces of pie. There are several pillars of the economy that have been abused by DC and the 0.5% for way to long.

redsid

For US, it is going to be FedNow now and soon US CBDC for wholesale. Not sure about retail DC

spaz69dt

Throwing some money around at the DC brothel could actually have intresting outcome's. We live in a time that you can buy both sides of the isle with a few " Gifts". Im glad that Coinbase is not just getting pushed around without fighting back. Hopefully its not all for nothing.

Attilashorde

Wooing politicians. Is that a nice way of saying bribing politicians? Most of DC is full of old farts who don't have any idea what cryptocurrency is or can offer.

timbulance

Yeah just a little maintenance in DC.

timbulance

DC is one big team so that money will trickle down to republicans too.

Formally_Nightman

FTFY — Democrats in DC happily receive large sums of bribes from Coinbase

meatforsale

Basically some people in DC understand crypto and are for adopting it, while others who don’t understand it oppose it. This is some unfrozen caveman lawyer shit going on. They’re frightened and confused by our world. One of the many reasons 80+ year olds shouldn’t be deciding our fates.

meatforsale

It’s not all of them. A decent amount actually hold crypto. It’s just age. So many of them are fossils now and don’t understand that tikes are changing. It seems like republicans are more interested in crypto, but it won’t be big in DC until the next generation takes way more seats.

stockyewok

Coinbase making some noise in DC, looks like people are listening, hopefully this will pit some pressure on SEC to make more favourable regulations for Crypto

OkSample7

The armored truck in DC was a cool move

pojut

DC metropolitan area

DontDieSenpai

Yep, they're in between a rock and a hard place. Not only do they face significant pressure from these financial heavyweights, but they also face growing pressure from DC as well. Plenty of politicians have started calling them out on their bullshit, poking holes in every excuse they've given, and these delays are no longer sustainable because of this IMO.

bkcrypt0

Washington DC crypto lobbying effort in full swing today with dozens of execs meeting with Congressional leaders. This is how the industry grows and effects crypto-positive policies. More in Reuters - [https://www.reuters.com/business/finance/us-crypto-industry-comes-washington-faces-uphill-struggle-2023-09-27/](https://www.reuters.com/business/finance/us-crypto-industry-comes-washington-faces-uphill-struggle-2023-09-27/)

NeuroticKnight

>that we're better off with fiat because the dozens of middlemen in fiat system are somehow better? Middle Men in Fiat already exists, It is like AC vs DC, DC current is better, but since when US and most of the world laid out its wiring in early 20th century, copper wires were not pure enough, to carry DC with minimal loss, so we started using AC. Now the question isnt is AC better, but is it better to run AC rather than tear down all the infrastructure in the country and build based on DC from scratch.

Green_Slush_Puppies

She's been at Lyft and Zoom, those ain't crypto. But hey, if she brings that DC network with her, could be a game changer for Ripple.

coinfeeds-bot

tldr; Coinbase, a US-based cryptocurrency exchange, is mobilizing over 50 million crypto holders in the United States to advocate for clear cryptocurrency legislation. The company believes that the current regulatory approach stifles innovation and puts the country's global leadership at risk. Coinbase aims to gather these crypto owners into a powerful force to push for regulatory clarity as the US prepares for the 2024 elections. The company is also advancing the Financial Innovation and Technology for the 21st Century Act, which proposes increased regulatory oversight by the Commodity Futures Trading Commission. Coinbase has launched an independent advocacy non-profit called Stand with Crypto Alliance, which aims to involve 52 million crypto holders in the US. The organization plans to carry out a 14-month campaign in nine important states and has already started advertising in Washington, DC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Carlosmff

Using Binance about 2 years now and always deposit funds in EUR, both SEPA and sometimes DC. Never had a problem and funds with SEPA arrived in 24h, obviously DC is instantaneous…

benhammy

If you want to donate to Bitcoin related causes, the Human Rights Foundation is a good start. The Satoshi Action Fund is active in Washington DC to communicate to US legislators. However, I’m inclined to think that Bitcoin doesn’t **need** fundraising support in this way. The concepts are sound enough that it simply existing will eventually win people over to it being a better form of money. And I’m not sure what you consider losing to look like, but big financial institutions seeking Bitcoin ETFs and the waning arguments of “Bitcoin is boiling the oceans” seems to be the opposite of PR failure.

endoftheworld2024

This is the problem with decentralized anything... without a power center there's no scrooge mcduck to spend millions on marketing. Even what Saylor is doing... he's mostly doing it to pump MSTR, it just so happens that pumping btc is the best way to do that. But even he limits himself to just interviews... it's not like he is spending $10M a quarter on advertising. This is also a future risk in terms of CBDCs. If the gov wants to push their DC, they are free to spend hundreds of millions on marketing. Bitcoins Achilles heel right now is lack of marketing.

Geolinear

I love the idea and innovation and anything Pokémon. That’s a first. I love blockchain and crypto. That’s a second. However, I buy real Pokémon cards instead. I’m not looking to collect something that’s the 9th iteration of the same reprint in a digital form. My biggest gripe with these branded type projects is that it opens the door for more stupidity. Like Marvel or DC NFTs that get released at movies.

Impossible-Injury932

DC, Land of goverment and booty. Come out real not be snooty. Like your bag , but one thing has me in a panic.Why matic? V2 tokens other than Eth have been a bust in my belief. But you do you its fundamental , im being judgemental.

Dfranco123

From Washington DC and I am stacking the same as you and a few other alts like ATOM and MATIC.