DC

behold_the_kraken

Why would anyone trust anyone in DC?

echodelta79

I'm kinda confused by this post. When in 2020 did you start buying? Because if you started at the beginning of the year then you would be up at least over 500-600%. Or Did you fomo in and start buying when BTC took off. However, even if you waited till the end of 2020 you would still be up some around 200%. I can't do the math but if you DC aid throughout the 4 years equally spread then you would also be up a significant amount including buying at the top but also buying at the bottom. Do people really not realize that 50% 100% 300% returns in a year or two is not normal? Maybe the easy runs are over and the growth won't be so exponential or maybe there will be an explosive quick run. Maybe this is all psychological manipulation and the prices being kept down in order for Bitcoin holders to give up and dump their bags and that's when it will pop. It's a long game and no guarantees. You could always go to meme coins and try to 1000% your money overnight or go to zero.

dontt0uchmyass

A blockchain serves zero purpose outside of digital currency. With anything but DC, it is a very foolish way to manage a system.

Reverend_Renegade

The paper dollar and other will likely be abandoned and replaced with a CBDC. It shouldn't surprise anyone that all the central banks for the world's largest economies have the framework in place. Also, consider the out if control spending in Washington DC, roughly $35T with no plan in sight to curb borrowing. Central banks can do what they want and I wouldn't be surprised if the current dollar is eliminated for the digital dollar in a few years along with the debt.

LaineGaming

Ah City of Heroes, loved that MMO. That game got me into DC Universe Online.

assasinine

> A 2008 DC Circuit court ruling stated that Commission members are only “subject to removal by the President for cause.” This opinion was upheld by the Fifth Circuit in 2022 in SEC v. Jarkesy et al., which eventually made its way to the Supreme Court and is now pending a ruling. Come again, moron?

B12Washingbeard

Fun fact Coinbase has been the biggest lobbyist in DC this year.  They spend more than anyone else 

spanishdictlover

So in other words just like the clowns in DC who run this country lol

Monkeyinchief

They had no legal obligation. They made it even as an emergency sale to get it out faster and sold it instead OTC into the open market and made as a result less money. Considering that blackrock is on a buying spree, there is a high probability the Germans got their marching order from Washington DC. As a good vassal state they obliged and followed through.

Ok-Listen-5812

This Bitcoin rat appeared at several significant locations: in front of New York Fed, Washington DC, and Jekyll Island. The New York appearance ties the connection to Wall Street, Washington DC ties to government decisions, and Jekyll Island to the origins of the Fed

pvpplease

I didn't call you a name, said your response was moronic. Aren't you supposed to be the party of "Fuck your feelings" anyway? Sorry if I drove you back to your mother's teat. The DC national guard is federalized, which you could've looked up before saying something moronic and proving me right, again. Trump could have made a call to the National Guard, Pence did. What did Trump do during this time besides watch TV and decline his family and allies pleading to say something? >You’re batting a .000 dude. Telling people the sky is green when they can look up and see it's blue. Please don't breed.

ferndave

Governor of DC? Are you that stupid?

HODL_monk

Allow me to clarify, NFT's as promotional items, like the DC ones with their convention (I tried to get one of them, but the technology was actually too hard for me to even figure out in about an hour, even though they were free !!), or, say, the NBA ones that are basically animated baseball card replacements, are perfectly fine. In that market, they are a strait upgrade to cardboard cards, even if we later find out they expire (and I think they WILL expire, because most online things go away, with few exceptions). My only concern is the ones that sell initially for $100 +, and are primarily used as investments, especially the 10,000 runs with random art details, like the Apes and the Punks. These things have a questionable future, and I will never be buying any of them. Maybe its the future of art, maybe not, but i'm just too old to appreciate them.

IMSLI

The art of the deal On the hottest and coldest days, when demand for electricity peaks and the price rockets, the bitcoin miners either sell power back to providers at a profit or stop mining for a fee, paid by ERCOT. Doing so has become more lucrative than mining itself. In August of 2023 Riot collected $32m from curtailing mining and just $8.6m from selling bitcoin. The Tech Transparency Project, a non-profit organisation based in Washington, DC, accuses miners of acting as an energy-arbitrage business in disguise, holding Texas “hostage” and wasting taxpayer dollars. Their ties to China make them more dubious. But the industry is adamant that it is a stellar corporate citizen and critical to the grid’s health. By acting as “dimmer switches”, mines offer ERCOT flexibility at a price that no one else can match, says Lee Bratcher of the Texas Blockchain Council, an advocacy group. Riot reckons the industry is being unfairly targeted and that replacing mines with batteries would cost the state even more. Yet a business that benefits financially from the state’s crisis and has lobbied against power-market reforms may no longer be the governor’s first choice to stabilise a grid facing mounting pressure. These days, assuring anxious Texans that their lights will stay on when the weather gets bad is a top priority, says Brian Korgel, head of the Energy Institute of the University of Texas at Austin. If Texans blame bitcoin miners, rightly or not, their leaders will too, he predicts. Last year a bill to restrict the miners from taking part in the “demand-response” scheme passed in the Texas Senate but stalled in the House. Crypto insiders expect lawmakers to bring more such “bad bills” come January. Meanwhile Brian Morgenstern, Riot’s head of public policy, says his team is “wearing out the leather on our shoes going office to office” to persuade politicians to let them stay. He believes that Mr Trump will bring a “sea change” if elected. After all, Mr Abbott is reportedly pining for a cabinet position, and Mr Patrick, the governor’s second-in-command, is a known Trump yes-man. It is surely not in their interests to chase out Mr Trump’s new favourite industry.

WhiskeyTango311

You trust Washington DC suit fuckfaces more?

crhine17

It already happened with income tax. There's already precedent of a tax "only for the rich" trickling down to everyone once it's realized the revenue can't keep up with the spending addicts in DC.

jbtravel84

Damn sorry about this. I lost about 84K MOONs last year due to a hack. Some quick notes. Looking at the attacker address of **0xf5e00e35ecc3fda95715fb7d6b5a901fc3aedbcf** I see 7 deposits to a deposit address of 0xBcF565601906249F48C7725CF2243Ce1F211CaeA - MEXC. Most of the outgoing funds end up here - 0xCf59aDEf2954Ceeb1b9a4C6a6198760Df0b45c9F. You'll see a number of Twitter users mentioning this as a scam wallet as well. Numerous deposits to 0xa320a86F567f4Af6231E6FcE3218fD4451944263 - Remitano Most of the outgoing funds of 5c9f end up here - 0x4e53Ce08aA036B2a3F5ca81c860e2BA4847e5495. That wallet also shares the same Remitano deposit address as above. Additional deposit addresses include: * 0x14e1454ceF62FFa94784525A8423031b60c894da - Remitano * 0x26cB4834e3C125bf53043b60244F8Adf681013Fe - Bybit (small deposit, may have been used to pay for a service) * 0x39bF3460ef85273084940b05c11004E1bFD338Dd - Binance (small deposit, may have been used to pay for a service) I followed the funds to the below wallets 0x378DFc209E9B76b18c33CcE65Ff19CC75DC297EA -0x92D701D9948AEf2cB32BA0C20cAbbDc8855351fc --0x17fB7c9e97Fe47aD73EA82C474CD918817373701 There's numerous HTX and Kucoin deposits. Here's a few * 0x8E929f6f7a6f4478592Ef6cbF9f0F07abAbCA07D - HTX * 0x1B2d3da7497FDb5224155886D41033BD658eC388 - HTX * 0xcd779ee22f2E0Fe9779AD992E02943d46c7A4Aa1 - HTX * 0xd3C078F9d00803B3bd667Cd4506393ceAcEE763e - Kucoin * 0x683f71a200c33b48AB830085D2eD2C08D963D8D6 - Kucoin Hope this helps!

Straight-Fortune-193

And my big brother has 10 btc and won’t give me one. His address is 935 pennsylvania avenue Washington DC.

Svoboda1

Just looked the two shitcoiners up: Paul H. Kupiec is a resident scholar at the American Enterprise Institute. He is a former director of the Center for Financial Research at the Federal Deposit Insurance Corp. and a former chairman of the Research Task Force of the Basel Committee on Banking Supervision. Alex J. Pollock is a distinguished senior fellow at the R Street Institute in Washington, DC and is the author of Finance and Philosophy (2018). He was president and CEO of the Federal Home Loan Bank of Chicago 1991-2004.

weirdrevolution11

So what you’re saying is the VP candidate is broke as fuck in 2024 terms. $250k mortgage is going to seem like a dream if this asshat ever had to find property in DC. What a joke. Why does some couch fucker from Ohio have a decent stake in BTC?

Bagmasterflash

Everything is pointing towards Tether being the next financial darling a la Tesla. It’s looking like Tether has been blessed by the overlords in DC and Wall St.

Forsaken-Spring-4114

Lol. OK. Agree to disagree. Apparently, so do a few others. It might not be appealing to you if you don't game, and you can afford to physically go to exotic locations around the world. Not everyone can afford that. This could be a viable alternative. Whether you think it's appealing as an individual has no merit really, everyone dislikes something that is appealing to the masses. It happens. From a gaming and nerd aspect, it will be massively appealing. Being able to "physically" hang out with your favorite characters original to be able to immerse yourself entirely into a Marvel/DC or whatever genre movie... yea, more will love that than hate it. I'd be willing to bet my financial future on that one without a doubt, as long as the technology becomes viable and plausible any way. Hell imagine being able to train your army or police force, medical students, bomb techs, and a plethora of other fields with as real as possible emfirst hand experience with real-time interaction and results.. I mean, I guess Pong was a good game...

DrSecrett

The Pentagon at Washington DC had something burning at it this morning.

DreamingTooLong

I live 9 1/2 hours away from Washington DC

CommunityCurrencyBot

/u/AutisticGayBear69, your wallet address has been successfully updated to 0xCb03986DC7dBfDA590B5475C39fb9ec9EaC8C6d7.

AutisticGayBear69

!register 0xCb03986DC7dBfDA590B5475C39fb9ec9EaC8C6d7

charvo

I might add that Vivek and Vance are bigtime pro crypto. They are in Trump's ear. Elizebeth Warren is anti-crypto like crazy, and she has a powerful position in DC.

UbiquitousLedger

One of the controversial provisions Democrats attempted to include in the border security bill was a temporary expulsion authority for the President. This would allow the President to turn away immigrants when border crossings surge. On paper this sounds great, except this provision essentially is codifying thousands of illegal crossings a day. The bill also included a provision for a pathway to citizenship for "undocumented immigrants" aka illegal alians, further proving the GOP critisism that the democratic party is trying to sway the political climate of the country by allowing a massive flood of illegal crossings into the country, gaining their votes in the process. It's an illegal subversion of the existing law abiding citizens. Democrats also tried to include provisions that would give the President sole authority to override certain security provisions after three years, and that would give the far-left DC Circuit the authority to decide all constitutional challenges to the bill. This was criticized as a "shell game" and "beyond parody." Folks, stay educated. Try to look deeper than the headlines you read.

longview97

Overthrow the government without a weapon or shot fired yeah ok. Trump did offer to send 10,000 national guard troops to the capital building and Pelosi and the mayor of Washington DC both rejected his offer. Hmm that doesn’t sound like something someone would do if they were trying to overthrow the government.

redditregards

This is such BS. The SEC has been harassing our industry hardcore since 2021, anyone who is impartal and has even been remotely paying attention has seen the regulation-by-enforcement approach that the SEC has taken that has driven hundreds of companies overseas. I know people that work in Washington DC very well and this has been a huge ordeal over the Biden administration. Gary Gensler has to go. His stance on crypto has completely and mysteriously changed since he was a professor and there cleary are conflicts of interest that he's not disclosing. He's effectively acting as the cudgel for big banking.

FieserKiller

Mining excess energy away to mine some bitoin is what people do and so you should too :D Internet Connection: all miners do is receive 80 bytes one or 2 times a minute and send 32bytes back. You can tweak it even lower. So the bandwith is basically no problem, reliability is most important. a spotty mobile connection which dies avery few minutes will make the miners simply stop working and jump back on frequently which is bad for hashrate and bad for the hardware. Mining software:  Usually zero. Miners are fire&forget devices. Depending on the environment you should clean the fans and hashboards from dust from time to time. Staking pool: there is no staking on bitcoin. You most probably want to join a mining pool. there are many pools to choose from, i like braiins pool because I run their firmware on my miners Are there any other points to consider? Yes, many. How much power is available per site and when? a off-the-shelf standard mining rig consumes 3000-4000W. With alternative firmware and some scripts you can modify that somewhat precisely to the available power: you can run the devices at multiple power levels and/or switch multiple miners simply on or off on demand. Then this things require heat and noise management of some sort. For small scale operations with less then a few thousand watts of power there are custom circuits available, check eg Bitaxe project which currently go form 40 to 200W each and there is a while community dedicated to modifying existing miners to run say on DC and not AC, to run on more or less hashing boards, run water or oil cooling, etc pp.

MacchinaDaPresa

This is pure conjecture that we remove all regulations - that somehow the Clean Air Act is responsible for our debt and for not letting the wealthy pay their fair share. We did it before during Eisenhower and beyond through Nixon. It could be done again, we just need Representatives that can withstand the lobbyists (and lobbying $) in DC. So there’s proof it can be done otherwise whereas you have no sources or precedent to support this claim of yours.

MacchinaDaPresa

The fact that you recognize taxing the poor is the problem, because somehow the taxes on the wealthy aren’t the issue or simply don’t exist. Or as is the case in the US, the taxes on the rich are simply much lower in rate, or there’s tax breaks that the poor simply cannot access. Combine that with govt bailouts that always benefit the “too big to fail” - or at the very least, those that have the most lobbyists in DC - then you can see some of the reasons we keep printing most of the money. Well, the defense budget is also massive, and our incarceration rates are off the charts (wasn’t always like that ). So lots of reasons for debt & money printing. That and growth itself. We haven’t figured out how to run a zero growth economy just yet. Nobody has. We love growth and expansion, even Bitcoin loves it ( or its investors / hodlers do), the difference being Bitcoin eventually has a cap.

fromthesaveroom

There are DC interconnects to the grids outside texas. The hard fail would be when Texas has to use them to avoid catastrophe.

SnooMemesjellies7657

Hate to break it to u but there isn’t a single politician in DC who gives a shit about democracy. The RNC and DNC both work overtime to pass laws/regulations that unfairly tilt the “democratic process” in their favor. The CIA has been overthrowing democratically elected governments since its creation. The same administration that’s claiming Trump will destroy democracy had no problem overthrowing Ukraine’s democratically elected government in 2014. U don’t like Trump? No problem. A lot of people don’t either. But the world didn’t end in 2016 when he was elected and it’s not going to end if he’s elected again. Take a deep breath, lay off the Trump fear porn, and keep stacking ur sats

Josh-Lambo-Tudamoon

Garlinghouse will be in DC tomorrow speaking with politicians on regulations. Get ready for a 1-2 punch of Regs and Settlement. 🥊 🥊

JustinCPA

The government is already working on a digital dollar. Talked with some DC folks at consensus this year and they gave me the ole “wink wink nudge nudge” when I asked them about it.

Defiant_Cup_4912

Please be careful what platforms you put your crypto and what site you share intimate details on. Crypto is an unregulated financial space and it is swarming with swindlers and thieves looking to take your hard earned money. Telegram , Instagram or Skype should be a Red flag for you! Don't' be lured into that social space. You are smarter than that. Reclaimdc will come to your aid if you have been taken advantage of . That's the best in DC OF COURSE

Leefa

The deep state are the unelected career government employees in DC. No need to be so rude buddy.

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.

RhoidRaging

We are exactly a corporation. The lawful Federal Government was dissolved by the Emergency Banking Act of 1933. Under the Constitution, many of the bureaucracies and intelligence services would be and are illegal. Under the Federal Reserve Act and it’s support corporations, we have in fact been recolonized. USA,Inc is listed as a colonial property in the City of London financial district which is a separate entity from the city of London proper. The incorporation of Washington DC, the fraudulent creation of the Internal Revenue Service and the surreptitious passage of the Federal Reserve Act accomplished by stealth what the combined powers of the royals and the international bankers could not do by force. If you, like many people, especially Americans, have been wondering why each presidency, with a few exceptions, seems to be a continuation of the last, now you know. The muppets-in-chiefs have simply been following orders. The same goes for the congressional muppets and the senatorial muppets. And by the way, the American Bar Association is also a corporation. So, there you have it, representative government has been gone for a long time and it’s not going to return until the American people educate themselves and unplug from the matrix of lies, treason, mass drugging and compartmentalization of the electorate with a series of specious contrived non-issues and of course the bi-partisan delusion. When the American people open their eyes and actually read and comprehend the precious gift of self-governance left to them by their founders and realize the great crime and deception perpetrated by the oligarchs and their minions, only then will the United States as conceived in the Constitution, once again exist.

stiizy13

Troll? Dude I used to drive my ass up to DC from fucking florida almost once a month to put my money into a ATM and spit out an address. Hop onto tor and buy sheets of LSD. They ran the DNs websites to get the bitcoin back while selling seized drugs. Mt gox was even done by them. Stfu with this troll stuff. Your shit coin that was coded by a 16 year old in a basement off python isn’t going to moon brother.

AioliSoggy

Till you find DC comics nfts and you can read some pretty classic comics.

Paterakis518

Bat Cowls from DC and Starbucks Stamps. That's all I can think of.

PastaArt

Update: Been using the Walmart cards through the app. It is a bit confusing, but you have to select the payment option at checkout if you have multiple cards (CC, DC, or GC). Also, if you need more than just one card, Sam's Club GC's and Walmart GC's are interchangeable. Bonus: Using the Walmart app allows you to buy Sam's Club gas.

4lt3r3dR341ity

I suggest anyone using any device that takes photos, to disable EXIF data, that’s the data tied to photos, time, location, so on. But no we haven’t. In Las Vegas we currently have tier 1 and a tier 2 DC, both with some insanely fancy security. Guard at door, scannable badge to get in. It’s very secure. The other remote DC, even tho we shared the building with the owner (who had his own unrelated business (moving company); I was never worried. I had camera feeds and everyone over there seemed amazing. Sure, being hours away presented a issue or two, but nothing major. And to this day, never had any break in scares of that sort 🙂

4lt3r3dR341ity

I’ll show ya a step between then, and now (won’t show how it looks now 😉) The remote DC https://imgur.com/gallery/nRALpue The local DC https://i.imgur.com/J7pAz52.jpg

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.

noticer626

Here's some quick points from my book outline (I haven't done much actual writing). This isn't in chronological order, just as I thought of things. Things I've done list:Armed Forces Chess Tournament in DC, West Point stories and roommates, Appalachian Trail, Colorado Trail, Iraq Deployments (Baghdad 07, Diwaniyah 09, Basra 11), Last Brigade in Iraq, Mud hut schools, Snowboarding trips, Repel out of helicopter, 5 airborne jumps, Commanded tank company for 22 months, Long Island Marathon, Ice fishing on Lake Sakakawea, Prairie Rose State Games, Grew up without internet and cell phone (mostly), Newport to Annapolis sailboat delivery, Houston to Isla Mujeres sailing, Train from Wurzburg to Rome, Times Square NYE 2006, Virginia to Bahamas sailing trip, Texas Water Safari, Leona Divide hike, Northern Lights in North Dakota, Hagia Sofia , Military Parade for Sandra O'Conner, Ranger School, Eric Clapton first concert, SXSW P.Diddy story, Outer Banks, NC, HR McMaster talk, Skelton injury, STL Arch, Empire State Building, Devil's Lake fishing tournament, State Wrestling Tournament, Bow/gun hunting, Badlands turkey hunt, Muskrats, Paintball story man burned alive, White Earth Rodeo, Vatican, Ostia, Rome, Nice, Monaco, Verdun, Luxembourg, Austria, Czech Republic, UK sailing, Barcelona, Berlin Cold War trip, Wurzburg college girls, Polizei beating soldier, Paddlefishing, Poker with rich guys, Drove neighbor to doctor while she was in labor, Devils backbone brewery, McAfee Knob, Lived in at least a month MO, OK, ND, NY, GA, KY, Germany, Iraq, TX, OH, VA, Bahamas, Visited every state except AK, HI, WA, OR, ID, UT, NM, AZ, Buffalo River Float, Oktoberfest getting thrown out, Sons of Iraq cash, Comedians, Kid Rock USO concert in Baghdad, Roof shitters, Ron Paul delegate, Construction job

treetopflyer100

Like I keep saying, I don’t work or live in DC and I don’t work for any government agency. Other than that almost nobody is required to pay federal income tax. It is a gift if you voluntarily pay. Maybe if you would watch the video it would answer some of your questions.

treetopflyer100

Like I said, I don’t live in DC or work for the government. That only applies to those small numbers of people. (Or the US corporation, which only exists on paper) It does not apply to anybody else. It is based in legalese. I’m not here to argue or convince you of anything. That’s what I am going to continue to do, unless someone knocks on my door, I’ll continue to travel the world enjoying my life. I return to the USA every about every month and I think by now SOMEONE would have said something if I was doing anything wrong.

treetopflyer100

Again, show me the law THAT ACTUALLY APPLIES TO ME. (I don’t live DC and I don’t work for any government agency anymore)

treetopflyer100

That only applies to people who live in DC and government employees.👍

Blooberino

Not just dems. All of DC is far behind because they're all in their 70s and 80s, and have held their seats for decades. Most of them still can't work email or social media, so they have interns do it all then print it out. The internet is a completely foreign world to them and crypto is even further away to them. This is why we need term limits.

Leonhart1989

Guess most of the members of this sub are DC politicians then.

marcok36

For sure. Frankly most politicians in DC don’t know anything about crypto.

swift_trout

I KNOW you have no idea who you are talking to. Let me school your punk ass right up. My ancestor stepped of a slave ship in Annapolis, Maryland in 1769. You don’t get much more of an abuse of freedom than that. He was set free by Quakers and took advantage of what opportunities he had so that his son was an owner of a three acre farm in 1812 when he fought beside SLAVEOWNERS against the British. He drove Conestoga wagons for which he made wheels through the Cumberland Gap in 1819 with Gerrard Hopkins. His son fought the Civil War. His regiment set free THOUSANDS of slaves and liberated Texas from confederates. His name is enshrined on the African American Civil War Monument in Washington. DC. He adopted a freed slave who’s married a Cherokee veteran of the Trail of Tears. years later his son was lynched and the 12 room boarding hose they owned was burned down by the Ku Klux Klan because he rented a room to a poor WHITE sharecropper. My grandparents watched him get lynched while white people celebrated. Despite that my Grandfather VOLUNTEERED to fight in WWI and fought at the Somme and when he came home he was refused veterans benefits. The city of Dallas attempted to confiscate our hotel in 1921 to turn it into a cholera hospice for WHITE people. Me, well went to my first civil rights march in June 1966 in Jackson, MS - the March Against Fear - James Merrideth was gunned down there. I got beaten senseless by a white off duty cop for protesting abuses of MY freedoms by using a WHITE ONLY toilet in Shreveport in 1968. And still I served 18 years and three combat tours. So I KNOW I have defended our right to speech as you never will have to and earned the privilege to say kiss my ass.

RevolutionMuch1159

Buy some flokita ,it’s a great coin . 0xDC8C8221B8e27DFDA87A6D56DC5899A65087b6f4 Look it up .

domchi

Here's ChatGPT summary of the thing you're probably referring to: The Trade and Investment Framework Agreement (TIFA) between the United States and Saudi Arabia, set to expire on June 9, 2024, primarily focuses on enhancing economic cooperation, addressing trade barriers, and promoting investment between the two countries​ ([United States Trade Representative](https://ustr.gov/trade-agreements/trade-investment-framework-agreements/us-saudi-arabia-tifa))​. TIFA itself does not directly mandate or influence the currency in which Saudi Arabia sells its oil. The practice of selling oil exclusively in U.S. dollars, commonly known as the petrodollar system, stems from a broader historical and economic context. This arrangement was solidified in the 1970s when Saudi Arabia agreed to price its oil in dollars in exchange for U.S. military and economic support. While TIFA facilitates broader economic dialogue and cooperation, it does not specifically govern the currency transactions for oil sales​ ([Arab Center Washington DC](https://arabcenterdc.org/resource/us-negotiations-for-a-tripartite-agreement-with-saudi-arabia-and-israel-context-and-calculations/)).

pshidaddy

Ca/ DC5VJe8CA32UktkRTA1ZPkWJgg777kJqC2xRUhRRb11L

gkontos10

Am happy that i found crow with knife through reddit before 1 month !!! i had the opportunity to get a good profit at ATH .. but it seems ready to explode again !!! crow with knife just google it !!! [https://dexscreener.com/cronos/0xc7a139c804a3bbdfe90d32c100dffeca1a2f735c](https://dexscreener.com/cronos/0xc7a139c804a3bbdfe90d32c100dffeca1a2f735c) here are the tokenomics from cronos scan [https://cronoscan.com/token/0xcCcCcCcCdbEC186DC426F8B5628AF94737dF0E60](https://cronoscan.com/token/0xcCcCcCcCdbEC186DC426F8B5628AF94737dF0E60)

gkontos10

here you are buddy 0xcCcCcCcCdbEC186DC426F8B5628AF94737dF0E60 cronos scan [https://cronoscan.com/token/0xcCcCcCcCdbEC186DC426F8B5628AF94737dF0E60](https://cronoscan.com/token/0xcCcCcCcCdbEC186DC426F8B5628AF94737dF0E60) be careful its a multichain coin !!! available also on Cronos, Sol, Base, BNB, Jupiter, Uniswap, Vvs, Pancakeswap, Uniswap [https://www.crowwithknife.com/](https://www.crowwithknife.com/)

Logvin

Why don’t you explain why the bill was good? Who gives a shit if it had bipartisan support. Most laws have bipartisan support. Who cares what the SEC or Warren thinks? The vast majority of lawmakers in DC are 60+ and have no idea what crypto is or isn’t. What about the law was good or bad for crypto? Your focus on ad hominem attacks won’t change anyone’s mind.

CaptainDr

12 giant data centers being built near me for “AI and blockchain” because we are near the main internet cable that goes under the sea and out of the nuclear blast range of DC -Per the HVAC contractor

x2manypips

Crypto is now embraced by DC. Start accumulating meme coins because they are going to levels never ever seen before

rushedone

You know this is how every politician in DC acts right? Both Democrat and Republican.

cssvt

Oh shit! I love Compass. One of the things I miss about DC. Was the first place I stopped when I was in town for work earlier this year. Wish they'd expand beyond the DMV area.

neitze

The same isn't true on the opposite side of the isle? I have no doubt Trump is pandering here, but this is status quo in DC. I would be more shocked to see a campaign pushing toward the WH devoid of blatant pandering. Going back to the first major push for the minority vote, in what has been associated with the inception of the modern 2-party system and the modern Left, LBJ & the Civil Rights, or "*i663R Movement," as he was known for calling it amongst his peers, the entire premise of capturing the minority vote was all optics, pandering, and a farce. We see this reinforced time and again when people like former Senator Biden and B. Clinton pushed 3 strike laws and 100:1 crack/cocaine sentencing guidelines in tandem with their republican cohorts. Of note: the presiding judge in Ulbricht's life sentence was an Obama Nominee, when the Left controlled the DC and NY Senate, WH, and NYC Mayorship. They had every opportunity not to hand off a life sentence to a guy that created a website entrapped by the Feds into a murder-for-hire plot. Let's not pretend only the opposite side of the street is dirty. The only thing worse than a head buried in the sand is one wearing mono-directional blinders. I'm certainly not here to tout Trump, never been a fan personally, but I can confidently say that letting hatred for 1 man, where media is always quick to fan the flames, drown out any criticism of the left is counterproductive and poses a net negative to all individuals subjected to American influence. I only mention this as I have seen numerous congressional and senate hearings this year get completely derailed, randomly, into bickering over Trump/Biden bullshit rather than the topic at hand. It's a wonder anything at all, of substance, takes place in DC. Worth the read. https://www.archives.gov/publications/prologue/2001/spring/lbj-and-white-backlash-1

Budo00

They did think that. Sort of. The electric lightbulb looked like some “spaced aged shit” compared to gas and oil lights… candles then gas/ oil took a while to adapt to.., electricity was way more rare, exotic, expensive and still being developed at first. AC and DC currents… the whole story is fascinating. It’s about adaption. Same with bitcoin That picture is a great analogy

NecessaryWater7024

That’s another thing , this town doesn’t suck either . I’m between DC and Bmore - evaluate what you are paying and maybe even transfer . Plenty of beaches and nice places that you could get what I said

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.

SpacecaseCat

It's wild how I keep seeing comments say how great things were under Bush or Trump and you point out the terrorist attacks, multiple economic crises, riots, food shortages, and hyper-inflation and they say "well besides that, gas was cheap" or something. It's bizarre. Just imagine if Hillary had been elected, hired an AG who prosecuted people \*more\* for weed, cracked down on abortion and reproductive rights, gave rambling tirades about her uncle doing "the nuclear", and then ended her term with a national crisis, a crashing economy, rioters storming DC, and trillions in bailouts. We'd have to put anyone with the name Clinton into protective custody.

Donjarox

23 May, 4PM Washington DC time by the latest

rocketsoar

My dream is to have a lambo, pls help me !! 0x6d42ccA5DC590AE6195e5ce2b6363e0B0bdE2bdF

bames53

> The solution is to get the right people into public office. This is no more realistic or 'serious' a solution. "Just put the right man in charge" has been what everyone was trying to do all along. The idea that gerrymandering is a serious cause of problems is naive; both in thinking that there's some kind of 'fair' system for drawing the borders that wouldn't result in plenty of 'safe' areas for each party, unless the system specifically gerrymanders to avoid them, and more importantly in thinking that 'centrist' candidates who can appeal to vothers on both sides are any less awful. It's when politicians on both sides get together and agree on things that the most horrible things get done. From the bipartisan Iraq war, to the recent bipartisan re-authorization of warrantless searches on Americans, it's absurd, clown-show nonsense. Frankly the problems in congress are not the high profile 'extremists' on either side that the media demonizes, but the hundreds of congressmen who avoid making the news, who just keep their heads down and try not to rock the boat and keep the gravy train rolling. "Just put the right man in charge," is a naive take on solving the problem. Ultimately the structure of governance and the incentives thereby created are what matter. While it's no more likely that we can do anything to fix the institutional structure in DC, that at least is based on a real understanding of the problem. No, abolishing the Fed and taking the centralized power to create money out of the hands of the state is not going to happen as a result of this bill and is unlikely to happen at any point. But it absolutely is a more "serious" solution. And, who knows, once upon a time it would have been unthinkable that slavery, something that had existed for all of human history, could be largely abolished. Sometimes the unthinkable becomes possible and then happens.

supersb360

So all of Washington DC and both political parties in the United States?

mel2000

> Note: he’s only a “judge.” Only people on the Supreme Court have the title “Justice”. The article also states: > A US district court in Columbia... When the judge actually works in the US District Court for the **District of Columbia** (Washington, DC).

HugeEgg

And by numerous you mean 2. I’m going to go out on a limb and say that per capita that’s fewer than the general populous of DC on any given day.

C0MMOD0RE64

I’m down 2k since march on a 10k investment in crypto not sure if I should sell and wait for a real turnaround or if I should just HODL my house is paid I have a decent job and plenty of other capital but this is my fun fund I’m still up a few k from the beginning of the year but this price action is not encouraging was down like 4k but I DC’d into the latest drop. Should I exit or hold also I have a stupid amount in litecoin which is doing nothing for years now

lolcat2248

Officer Smith with the IRS in Washington DC?? I swear he’s called me before

Gmoneymoney7

The howey test has long been the framework for whether or not something is considered a security. I'm no lawyer, and the SEC's lack of pursuit of crypto projects which are nearly all securities befuddles me, but i don't think they can just come out and say something is a security without them taking it to court. I'm sure there are many lobbyists in DC right now trying to keep the SEC from going after crypto projects and exchanges. Nothing happens fast in Washington.

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.

AdvantageWeird9348

Thanks DC. So everything is somewhat insecure… 🤔 How can BTC actually can get trust when there’s no good practical way to even hold your coins..?

JanPB

I am all for the rule of the law but the FBI went full-time rogue several years ago, it must be broken up and physically moved out of Washington DC. Its current status is no longer tenable This is non-debatable.

schnitzel-kuh

Idk, I think bitcoiners need to understand that almost no one cares about all the details in the backend, about how specifically a fedwire or something works, same as you probably dont care where the stuff in your toilet goes, or how the your phone chargers make AC to DC power. All they care about is, if I send my friend money, how fast does it show up in their account. And how high are the fees. And right now, bitcoin will take longer to show up by multiple minutes, and in terms of fees last I checked it costs me nothing to wire money, however bitcoin fees vary wildly and recently went up to triple digits for one transaction. Thats orders of magnitude more than even something like western union. I think what many bitcoiners need to understand, is that for most people, who dont care how the backend of anything works, its just very unattractive to use bitcoin, which is also why adoption is so low. How should I explain to someone that they should use some slow digital currency with transaction fees that they see,and lots of hoops to jump through in order to be safe and not have their money stolen or hacked. And all this while they have a piece of plastic in their pocket that is free, works in any store and has a person you can call if something goes wrong. Imagine trying to explain to some 50 year old why he should give up all that convenience for some supposedly better backend or something, that has no effect on how he uses it. Ridiculous

UnoStronzo

Washington DC airport

GabeSter

Hey /u/krakensupport and u/krakenexchange I checked out the app on the Iphone App store. It looks like Moons on Arb One aren't on a supported token list. Here is the contract address: 0x24404DC041d74cd03cFE28855F555559390C931b It's awesome that we can add ARB One Moons to Kraken Wallet but it would be amazing if we can get them on the list, so there isn't a "warning" next to them.

Puzzleheaded-Gur818

The chairman of BTC headquarters in washington DC to be specific if i remember corectly

Wise_Moon

You ever read about the AC/DC wars? Google “Edison elephant”

null_obj

I've been thinking about buying land in WV. Crazy cheap, only 90 mins from DC. The way I see it is that this region will continue to grow and expand, and there are always gonna be commuters in a metro area that want to live out in a more rural area. 90-120 min commute isn't out of the question for some folks. Especially when you only have to go in a few days a week.

MudLoud97

To each his own.  The fiat dollar just turned 50 years old. Makes it the oldest/ longest used fiat currency in history.  Those crooks in DC are printing / spending a trillion  fake bucks every 90 days. And they show no signs of stopping. It's like they think the road goes on forever. and the party never ends. I may not know when its gonna end, just that it is gonna end. As bad as the crash in 2007 was. IMO they kicked a lot of the can down the road. I don't think they are gonna be able to pull that crap off again. I would be spending ever nickel I could scrape together and buy gold, silver. Bitcoin. Realestate . Any hard asset I could lay my hands on.

Kind_Apartment

Your black ops theory is truly fascinating. I for one, believe, Satoshi isnt a single person, but a group of egg heads in a dark basement corner of some nondescript office building in the greater DC area.

SpiteRoutine3406

To all saying he looks old- I knew him when I was in college 20 years ago in DC. He somehow looks better and younger now than he did then

Material-Gift6823

That's so nice of them 🤩. But for real like popular stuff like cvs and chain things are closing along with mom and pop stuff. And I live 45 mins from DC so I'm not exactly in the middle of nowhere. I consider myself liberal but everytime I say this they just yell at me how great the economy is and biden is great....

Blicky83

Personally,I would at least sell some of them.at the end of the day,collectibles can be valued at thousands of dollars one year and a few years later the same collectibles could be valued at hundreds of dollars. I stumbled across an article about the most sought after Playboy magazines and it blew my mind.my dad was subscribed to Playboy for years and as I looked read through the article,I realized my dad had most of them.I looked around and couldn’t find them anywhere and eventually quit looking Several years later,I was cleaning out my parents storage building and I found a few boxes full of Playboy.I instantly remembered that article I read and got excited.I hopped on the internet and was disappointed to see they were only selling for a fraction of the price they were at several years earlier Obviously,comic books,sports cards,toys,etc are not the same as Playboy magazines.Marvel and DC are still quite popular,they still have a massive fan base due to all the movies and tv shows released in recent years.comic books will remain valuable for years to come because their fan base is made up of people from all generations Playboy and magazines,in general,are a dead media format.being a dead format doesn’t necessarily mean they will lose all their perceived value but to younger generations,there will be very little interest.Of course,there will be exceptions but for the most part,magazines will be worthless as we move from one generation to the next Regardless what you choose to do,I truly hope it works out for the best.I hope all of us on this bitcoin journey will eventually be able to break free from the shackles of the central banking system.I love coming in here and reading people’s stories about how much Bitcoin has positively changed their lives,making what once seemed impossible,their current reality.I love seeing people win,it keeps me motivated.it keeps me optimistic about my future and not having to work until the day I die

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.

CompetitiveHat123

Also available on Polygon Mainet, fees are way lower (few cents) and also available through Uni V3 Would recommend joining DC + TG be4 buying, always good to get more info!

doives

While maximalism exists with many "cryptos", Bitcoin maximalism is particularly toxic, because it rejects the industry as a whole. Hypothetically speaking, I could see Bitcoin maxis lobbying DC to ban all cryptos except for BTC, if something like the "flippening" were to happen. They mostly pretend to have altruistic motives like "we care about decentralization", while it's clear as day (to any "outsider") that it's purely about their wallets.

AirportOk8678

actually u can search multiple users on DC

coffeeshopcrypto

I started a website instead of a discord. U can't go back and trace I fo in DC so u really don't get to learn from eachother. So I built a site where I release indicators and ideas as well as were the memtalk and connect without DC scammers and bots in the way