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r/CryptoMoonShotsSee Post

[Launching In 24 Hours] The Time Has Finally Arrived For The #1 Memecoin w/ a Metaverse To Go Live On Uniswap. With Top Crypto Influencers, Kols & AMA’s Calling da Pinchi Over The Next 7 Days It’s Looking Like An Easy 1000X. CG/CMS Fast Tracked. Doxed Team With Active Community.

r/BitcoinSee Post

Shocking scam behind ETF - designed to kill BTC?

r/BitcoinSee Post

Where will we hear about Bitcoin ETF first?

r/CryptoCurrencySee Post

My uncle works for the world bank in Washington DC for 35 years and now he is buying BTC

r/BitcoinSee Post

veronika na kole 7F4E3AE2A7A8DC34536B0C3D6DEF7391 video dashinit 1

r/CryptoCurrencySee Post

Digital Yuan: A 360 Degree Guide to China's Digital Currency

r/CryptoCurrencySee Post

Google Trends shows that “Cryptocurrency” is being searched on YouTube a whole lot in NYC and DC.

r/CryptoCurrencySee Post

Redditors who are heavily into cryptocurrencies and are voting democrat next year, why?

r/SatoshiStreetBetsSee Post

CRAZY DOGE - CRAZY DOGE is a rapidly growing community with an ambition to infiltrate every household Meme

r/CryptoCurrencySee Post

metamask hack -- lost all my savings ($130k)

r/BitcoinSee Post

Play to earn

r/CryptoMoonShotsSee Post

Team Affordal House | The big Competition Starts Today | A Great Opportunity All Over The World

r/CryptoCurrencySee Post

Safemoon founders have been arrested and charged with conspiracy to commit securities fraud, wire fraud, and money laundering. It's everything Coffeezilla and others have been calling them out on for years and the statement from the authorities is savage. Safemoon down 50% and counting.

r/CryptoCurrencySee Post

Hedera Governing Body calls on DC regulators: Support competitive innovation for pubic networks and protocols across web3

r/CryptoCurrencySee Post

Hedera Governing Body calls on DC regulators: Support competitive innovation for pubic networks and protocols across web3

r/CryptoMoonShotsSee Post

Introducing NYSEX4206900, where the New York Stock Exchange meets LeiFang's world of awesomeness!

r/CryptoMoonShotsSee Post

100xGEMS Token - An AI-Powered Utilities Token | 50% of Revenue Goes Directly to Weekly BuyBacks & Burns | Revenue-Focused Ecosystem

r/CryptoCurrencySee Post

With the US Government Moving Towards a Shutdown, How Will This Affect the SEC and Gary Gensler

r/CryptoMoonShotsSee Post

Welcome To Polfex

r/BitcoinSee Post

What is a Bitcoin Sidechain?

r/CryptoCurrencySee Post

The Future of Filecoin Plus (Fil+)

r/CryptoCurrencySee Post

Franklin Templeton joins the race of issuing a BTC Spot ETF

r/CryptoMoonShotsSee Post

$SHILLD - Epic telegram bot microcap with REAL web2 revenues and user traction!

r/CryptoCurrencySee Post

DC doesn't realize how powerful crypto voting is — Brian Armstrong

r/CryptoCurrencySee Post

DC Circuit Court of Appeals Chastises SEC for Grayscale Denial

r/CryptoCurrencySee Post

DC Circuit Court of Appeals Chastises SEC for Grayscale Denial – Legal Bitcoin News

r/BitcoinSee Post

Locations where Huobi & Bitmart transactions aren't blocked

r/CryptoCurrencySee Post

Bitcoin Soars – Triggered by Important News from the USA!

r/CryptoCurrencySee Post

Balancer Was Exploited, Boosted Pools Drained in 900K$

r/CryptoCurrencySee Post

(Ex-)Moderators of crypto projects: Tell us your stories

r/CryptoCurrencySee Post

Ether-Futures ETFs May Get SEC Approval by October: Crypto in DC

r/CryptoMarketsSee Post

DC vs TARA, which one you will bet on today?

r/BitcoinSee Post

Exhibit included Bitcoin as a form of digital transaction at the Smithsonian National Museum of American History in DC!

r/CryptoCurrencySee Post

When Bitcoin ETF? Apparently not today as SEC delays decision, again

r/CryptoCurrencySee Post

Clipper空投宣布,扬帆远航or?

r/CryptoMoonShotsSee Post

Unraveling the Enigma of NOTHING $VOID: The Next Bullish Token After X and TEST?

r/CryptoCurrencySee Post

Michael Patryn of Quadriga. Former RCMP Informant.

r/CryptoCurrencySee Post

OK, I read Ben McKenzie and Jacob Silverman's _Easy Money_, the bad, the good, my biases.

r/CryptoCurrencySee Post

AI Predicted This To 100x and 1000x

r/CryptoMoonShotsSee Post

1000xgem per ai

r/CryptoCurrencySee Post

Look that

r/CryptoCurrencySee Post

I got hacked and lost 66 ETH 10 hours ago.

r/CryptoCurrencySee Post

Why 3 Top Department Heads Exit Binance Plus Another Well Respected Former Executive Branch Employee Fuels Binance Headaches

r/BitcoinSee Post

Need help with allowing inbound connections.

r/CryptoMoonShotsSee Post

Forky's Journey: From Trash to the Moon! Introducing ForkyToken (FORKY)

r/BitcoinSee Post

The War of the Systems

r/CryptoCurrencySee Post

Realtor may have accepted $3M offer for Washington DC property linked to Sam Bankman-Fried

r/CryptoMoonShotsSee Post

Felix the Cat $FELIX, CA renounced, %5 busd rewards, upcoming cex listing, AI utility, NFT utility, low marketcap, million dollar potential. CA: 0x164Dc3D9de50DC00C260735B78Cc9638e51D81Bb

r/CryptoMoonShotsSee Post

CreampAI [ $PAI ] Own Your Private Dream Girl and Let Her Pay You Every Month! Unleash Your Imagination with the Future of Virtual Companionship | Auto Liquidity and Reflection | 1400%+ and Room to Grow

r/CryptoMoonShotsSee Post

CreampAI [$PAI]: Unleash Your Imagination with the Future of Virtual Companionship | Own Your Dream Girl Today and Let Her Pay You Every Month!

r/CryptoMoonShotsSee Post

DO NOT miss out on Billionaire Pepe’s fairlaunch 2nd June | 0% Tax | Renounce ownership

r/CryptoMoonShotsSee Post

Billionaire Pepe fairlaunch just 2 days away! - Buy your ticket to financial freedom !

r/CryptoMoonShotsSee Post

PUCCI: Fashion-Centric Memecoin on Pulsechain

r/CryptoMoonShotsSee Post

Billionaire Pepe $BPEPE | Join the next BILLION dollar meme hype!

r/CryptoMarketsSee Post

Announcing the PinkSale Fair Launch of Billionaire Pepe - Join the Meme Coin Revolution on June 2nd!

r/CryptoMoonShotsSee Post

Announcing the PinkSale Fair Launch of Billionaire Pepe | Join the Meme Coin Revolution on June 2nd!

r/SatoshiStreetBetsSee Post

PUCCI: Fashion-Centric Memecoin on Pulsechain

r/CryptoMoonShotsSee Post

PUCCI: The Undervalued Fashion-Centric Gem on PulseChain

r/CryptoMoonShotsSee Post

Pray for Mojo | Presale is live | Community Driven | Active Community

r/CryptoCurrencySee Post

Coinbase to Air Multiple Ads on CBS’s Face the Nation, Wants to Reach Policymakers and DC Insiders

r/CryptoCurrencySee Post

New Coinbase ad running in DC, as congress begins to sour on Gensler

r/CryptoCurrencySee Post

Coinbase Ups Lobbying Efforts In DC With A New Nationwide Campaign

r/CryptoCurrencySee Post

Coinbase takes lobbying effort to DC airwaves with new TV ad

r/CryptoCurrencySee Post

No US Bitcoin-Spot ETF Anytime Soon, Van Eck Says: Crypto in DC

r/CryptoCurrencySee Post

Stablecoin Issuers Pour Money Into DC as Crypto Legislation Hits Agendas - Decrypt

r/CryptoCurrencySee Post

Stablecoin Issuers Pour Money Into DC as Crypto Legislation Hits Agendas

r/CryptoCurrencySee Post

Crypto Dad token Fair launch goes live in less than 12 hours

r/CryptoMoonShotsSee Post

Crypto Dad Fair Launch Is In Less Than 12hours

r/CryptoMoonShotsSee Post

DORYCOIN | 2k MC | Experienced Team | Renounced Contract

r/BitcoinSee Post

Bitcoin ATM Help

r/SatoshiStreetBetsSee Post

UPDATE: I monitored on-chain data and found large PEPE holders are dumping for POOH. POOH (e.q. winnie the pooh) is coin that is a week old. Transactions included and other DD included.

r/CryptoCurrencySee Post

Washington DC International Monetary Fund: CBDCs for financial inclusion: Risk & Rewards.

r/CryptoCurrencySee Post

Thomas Jefferson on Crypto Regulation

r/CryptoCurrenciesSee Post

I monitored on-chain data and found large PEPE holders are dumping for POOH. POOH (e.q. winnie the pooh) is coin that is a week old. Transactions included and other DD included.

r/CryptoCurrencySee Post

I found that large PEPE holders are dumping for POOH. POOH is a week old. Transactions included and other DD included.

r/CryptoCurrencySee Post

SWIFT ISO 20022 Payment Systems Upgrade: Implications For Banks, Crypto Assets And Digital Currencies. At present, seven crypto currencies are compliant with ISO 20022. These are Quant, Ripple, Stellar, Hedera, lota, DC Network, Algorand and Cardano

r/CryptoCurrencySee Post

What do you think about Veve nfts?

r/CryptoCurrencySee Post

This is a joke right?

r/CryptoCurrencySee Post

Officially Idiocracy - Safemoon CEO meeting in Washington DC to discuss regulation and current crypto climate

r/CryptoMoonShotsSee Post

Doge Blue - ($Dogeblue) is the first project to propose the best logo for Twitter | 1874 bnb raised on Pinksale | Launch Apr 26 at 13:00 UTC (9am EST) | Audit done | KYC | Logo already on dextools | CMC fast track | Auto burn/Reflections | Staking | NFTs | Many influencers already!

r/CryptoCurrencySee Post

[Serious] Is Bitcoin secure? A reaction to “BTC whales are waking up, were their wallets hacked?"

r/CryptoCurrencySee Post

New crypto phobia unlocked, Be careful when dragging your mouse!

r/CryptoCurrencySee Post

Coinbase CEO - "Important for regulators to set policy and THEN enforce it. Not start with enforcement before there are clear rules"

r/CryptoMoonShotsSee Post

Generaitiv: Revolutionary Decentralized AI NFT Marketplace and Web3 Integration!

r/CryptoCurrencySee Post

What’s moving the markets TODAY 4/19/23 edition

r/CryptoCurrencySee Post

SEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and Provides Supplemental Information. "The reopening release reiterated the applicability of existing rules to platforms that trade crypto asset securities, including so-called “DeFi” systems"

r/CryptoCurrencySee Post

Major vulnerability in Sushiswap RouterProcessor2 Contract. Please revoke allowances ASAP.

r/BitcoinSee Post

We are #hiring in Welocalize !! 👩💻

r/CryptoCurrencySee Post

Since it’s Sunday, did you know the roman Catholic Archdiocese of Washington, D.C created platform to accept digital assets, another mainstream application of crypto

r/CryptoCurrencySee Post

The Congress must collaborate on cryptocurrency regulation.

r/CryptoCurrencySee Post

Be worried when everyone is happy and be happy when everyone is worried

r/CryptoCurrencySee Post

A Series of Unfortunate Events for Algorand Investors.

r/CryptoCurrencySee Post

Palm Studio sent this email before The Circle USDC crisis

r/CryptoMoonShotsSee Post

sharbigrow- The New $arb Mooner

r/CryptoCurrencySee Post

USDC will Repeg on Monday, FED FDIC Joint Press Release

r/CryptoCurrencySee Post

U$DC will remain redeemable 1 for 1 with U.S. dollar, Circle says

r/CryptoCurrencySee Post

MicroStrategy Founder Michael Saylor Loses Court Bid to Dismiss DC Tax Evasion Claims

r/CryptoCurrencySee Post

Coinbase has launched “crypto 435” to keep in the know on US crypto laws/policies

r/CryptoMarketsSee Post

Shame On Washington, DC For Shooting A Messenger Who Warned of Crypto Debacle

r/CryptoCurrencySee Post

Time to Unseal the Hinman Documents – DC Journal - InsideSources

Mentions

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.

Mentions:#DC#IMO

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.

Mentions:#DC

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

Mentions:#DC

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....

Mentions:#DC

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

Mentions:#DC

#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.

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!

Mentions:#DC

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.

Mentions:#DC#BTC

actually u can search multiple users on DC

Mentions:#DC

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

Mentions:#DC

I have a friend who used to work at Microstrategy. He would post pictures on Saylor’s yacht near DC. This was in like 2018 too

Mentions:#DC

Ya. I think the etfs help insulate btc from political risk. It makes it harder for future administrations to crack down, too. Wallstreet is a big player in Washington DC.

Mentions:#DC

1. 50,000 2. 0x670DC65BDdDD45F9378E4EDAd551C193270c37a9

Mentions:#DC

1. *260,224* 2. *0xD6C6b1eb40a852D0D7c35D0695B0DC984178716f*

Mentions:#DC

888888 0x65e6D76797DC22d16b38F1F566998d54d0cc3A9D

Mentions:#DC

1. 2137 2. 0x7e2262d226558DC2DD8A8908A42970C74308E8fD

Mentions:#DC#DD

1. 800813 2. 0x947DC536E6Ab2dfB28510d63C0d677A5DBAe7529

Mentions:#DC

1. 376,666 2. 0x84E9A92BC9F0450D63f499ff21700b9B0DC92E0A

Mentions:#BC#DC

780,000 0xf83C85dEb0E53dEa11355519EcE0C8f55DC8F245

Mentions:#DC

1. 718,039 2. 0xacBfD0DC48D3392cD2680a253521f77E2b280F87

Mentions:#DC

234,316 0xe69a40A4Dc29DC74A293d7e9e4666Ed1ec693768

Mentions:#DC

1. 333,333 2. 0x3C8d4f620a7E0f6DC108f8c300496025D269964e

Mentions:#DC

1. 35 2. 0x903014790906C286908DC3562e2E91b4A8Dd5712

Mentions:#DC

1. 34682 2. 0x2903299EF62Cc3ECcC86cCe223b65DC293709226

Mentions:#DC

1. 901720 2. 0x14F2F7B9Ba597AfCb9b99DC392f27F767ca02F91

Mentions:#DC

163230 0x5d9343DC5bBb84894C7004f7eB6dEE3eDe92f7A6

Mentions:#DC

1. 433,034 2. 0x97C410DC37db82ADDAa80bd8e880530f7D942904

Mentions:#DC

Never trust ANY politician. In a full on oligarchy like ours they will always be bought and paid for. Nobody leaves DC broke in politics.

Mentions:#DC

I suck lobbiest $cock in a DC gangang!! #WHOREN

Mentions:#DC#WHOREN

#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.

Mentions:#CEO#DC#USDC

except EVs are outdated technology from the 1800s with a spit shine polish to make them appear to be new technology. The lithium batteries are new, using an AC motor in lieu of a DC motor is near half a century old, but EVs outdate ICEVs by a few decades. EVs work great for short distance driving in optimal weather. If it's too cold though, the batteries won't work. until we have a better way to store electrical energy, ICEVs will still be more ideal.

Mentions:#AC#DC

This is a multi pronged attack against the industry. He tried to dox every Bitcoin miner earlier last year and now S2669 is presented on the floor to be voted on by warren and the usual suspects. Biden will give Gensler another 4 years to destroy the industry if he’s re-elected. The democrats hate crypto, period. You are brainwashed if you think otherwise. Look at their actions. Look at what is happening in Washington DC RIGHT NOW

Mentions:#DC
r/BitcoinSee Comment

bc1q7esnjkjkc88xhkdyv79x8mj6k78qq4xe3lte8y This story sounds fictional, but I promise- it’s real this lifetime around. My biological dad left when I was 1 year old. He was brainwashed by a government agency and married his 20 year old Russian translator during the 90’s, moved to DC after the 911 psy op to do the NNSA’s global nuclear bidding. Been working on my own since helping my single mother overcome the challenges from her past. (She was raped and abused as a young girl). I’m currently trying to save up for and build a homestead and work the land, clean the rivers I live by, help the people I live around, and overall live in freedom happiness and peace. If you wanna throw some sats to my dream, I greatly appreciate it fellow brothers and sisters.

Mentions:#DC

So you want a memecoin nobody has ever seen before which *may* go to the moon? Here, I made this years ago, no other holders 2 transctions ever: 0x236b97b6Bdf597B6A12AF8Dc84E5141E482b31DC

Mentions:#DC

Because congress are wealthy elites that live off capital returns and not wages like the working class that suffer , so they can try to pretend like they are taking the higher ground but they are really just making being a congress member untenable for working class people that can't afford to live and do the things in DC . They will throw away some meaningless thousands of potential wages for themselves to make millions from the savings that pass through as dividends and stock buybacks into their bank accounts 

Mentions:#DC

$70 here in DC. Lots of variety to choose from.

Mentions:#DC

Circa 2013 when I drove up to washing DC to put money into a machine and spit out an address. 361 bitcoins went to tor browser. If only I knew.

Mentions:#DC

I’m simply trying to shred, like OP, but I agree with you DC_org, strongly. I’m not sold that euphoria has been baked into the price already.

Mentions:#OP#DC
r/BitcoinSee Comment

The last thing the scum in DC wants is to help average peons become wealthy. They will protect their snob class at all costs. Remember Game Stop and people being blocked from buying?

Mentions:#DC

#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.

Mentions:#CEO#DC#USDC
r/BitcoinSee Comment

I just keep DC – although I did make a huge pie today… But I would never play with leverage – that’s a great way to get wrecked, I don’t care how much potential profit I can make… Not worth it.

Mentions:#DC

CKB and ROSE (I do like MINA tho) I'll give an educated response. CKB is working on a BTC L2, very promising. ROSE is privacy focused and we will see that become a big narrative. Especially since we seen a Greyscale filling for a privacy coin ETF. I do like MINA. Guy from DC Spark who just finished his game on Cardano/Arbatrum said he would love to see a MINA/ADA/ARB collab. Jasmy is a shit coin. It's big with the Facebook groups and shit coin pumpers.

#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.

Mentions:#CEO#DC#USDC

#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.

Mentions:#CEO#DC#USDC

Check out the DC Comics nft's. Not a JPEG but a digital version of the comic that you can read.

Mentions:#DC#JPEG
r/BitcoinSee Comment

But u/flat4power4life... Have you considered that a warmongering lobbyist for Haliburton might not be able to afford his Washington DC condo right next to a Senators house without reckless spending?

Mentions:#DC
r/BitcoinSee Comment

I hear ya, but not really..If you got a neighbor that didn't buy in and stayed prepared with resources, or still have mom n pop shops around not completely eaten up by big box retailers, they would possibly take your cash in exchange for some things you need to get you to point B. gold, silver, copper and steel in that scenario! Not really going to the extreme of an apocalyptic event, though. More along the lines of newborns or infirm-ed in a residence where the primary caretaker has bought in fully with DC's and a cashless society. 72 - 96 hours without the resources we've been spoiled to could be deadly to these types of households.

Mentions:#DC
r/BitcoinSee Comment

BTC is not the primary DC that would reign in a cashless society, because of the two numbers

Mentions:#BTC#DC
r/BitcoinSee Comment

of course it is...unless BTC is not a DC, the primary DC that some would like to reign in a cashless society. If you agree with that, I would say you have to admit it's extremely relevant.

Mentions:#BTC#DC
r/BitcoinSee Comment

yeah, starlink is what I'm getting so far. There's still more caveats in this situation, which I'm sure will be worked out in time if cashless is the ultimate goal. This scenario only works if everyone is transacting with a DC, and there's exchanges in the local infrastructure set up the same way. Thanks for your input.

Mentions:#DC
r/BitcoinSee Comment

Considering that the majority of the most powerful financial institutions in the world are buying bitcoin to equal 1%-3% of their general market portfolio ETFs, that the Federal Reserve Chair said bluntly that the American financial system is unsustainable, that DC Court of Appeals established case-law protections for bitcoin from arbitrary restrictions from the SEC, and that every time the bitcoin has gone up this close to previous all-time-highs it goes 3-5x in price from there, I think you should buy as much as you humanly can.

Mentions:#DC#SEC
r/BitcoinSee Comment

I would say no. See, Bitcoin is more of a discovery than an invention. When electriicty was discovered, there was no "better" electricity (not discussing AC/DC here). It's dichotom. Have it or have it not. If you program a "new" Bitcoin, it's just Bitcoin.

Mentions:#AC#DC
r/BitcoinSee Comment

classic rock for me. AC/DC goes well with bitcoin imo. it's a hard rock/punk rock that cannot be stopped 👍

Mentions:#AC#DC
r/BitcoinSee Comment

The CCP and Russia have been staging up hundreds of thousands of people in Ecuador, Nicaragua and Venezuela for a 5th column invasion of the United States because Xi needs farmland to feed 1.4B people. National guard troops take their orders from governors and not the federal government. Trump tested this during the George Floyd protests when he asked the “loyal” Republican governors to kiss the ring and send troops to DC to “shoot the protestors in the legs” because the pentagon reminded him that using U.S. troops against U.S. citizens would be both treason and wildly illegal. Bannon tried unsuccessfully to privatize a part of the southern border wall but failed due to, unsurprisingly, internal corruption. Bannon was arrested on the boat of Guo Wengui who is some sort of convoluted double/triple agent for the CCP. They are now both in court for a billion dollar fraud. Every GOP congressmen that took Russian political money is desperately trying to figure out how to preserve their political career while the people are figured out that they were sold out to the dictators for some PAC money. Freedom is never free. We all just live on very expensive credit and the sacrifices of others. Make it count

Mentions:#DC#PAC
r/BitcoinSee Comment

Why stop at math? Civics and history seem in short supply in DC and a few State capitals these days.

Mentions:#DC
r/CryptoCurrencySee Comment

> Michelle Obama being a dude, How the fuck this is right? > epstein (pizzagate, wasnt it?) Wtf no. Pizzagate was a alleged Pizza store in Washington DC with no basement yet somehow house a secret pedo ring. Epstein had a private Island. >but he's sometimes right about the far-fetched accusations (sometimes) Try never

Mentions:#DC
r/CryptoCurrencySee Comment

Filthy Waters perfectly represents the most despicable low IQ anti constitutional republic moron that Washington DC attracts. The more perversely corrupt the more success they have.

Mentions:#DC
r/CryptoCurrencySee Comment

Here is a [Nitter link](https://nitter.net/StaciW_DC/status/1568607639717957634) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Mentions:#DC
r/CryptoCurrencySee Comment

#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.

Mentions:#CEO#DC#USDC
r/CryptoCurrencySee Comment

Here is a [Nitter link](https://nitter.net/StaciW_DC/status/1568607639717957634) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Mentions:#DC
r/CryptoCurrencySee Comment

#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.

Mentions:#CEO#DC#USDC
r/BitcoinSee Comment

To quote AC/DC “ …and he’s got the biggest balls of them all!” It should work out well for you!

Mentions:#AC#DC
r/BitcoinSee Comment

Fuck I wish some mf in DC would grow some nads and free this man and Assange. Clear signs, both of them, that whoever “they” are, they’re winning. Make no mistake. That is the only reason those men live the way they do-to scare the rest of us into compliance.

Mentions:#DC
r/CryptoCurrencySee Comment

Here is a [Nitter link](https://nitter.net/StaciW_DC/status/1568607639717957634) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Mentions:#DC
r/CryptoCurrencySee Comment

#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.

Mentions:#CEO#DC#USDC
r/CryptoCurrencySee Comment

Peeps like Cathy Wood and Larry Fink and others...being trusted....will help get the message landing bit by byte. It's also no coincidence that a large number of pro crypto fans are coming via DC. Via policy, once they get it.

Mentions:#DC
r/CryptoCurrencySee Comment

Stretching from West Virginia to the DC Area to Philly through Boston. Nothing north of Boston yet unless we technically count Niagra, but that's heading back west.

Mentions:#DC
r/CryptoCurrencySee Comment

Yes, because you can always DC down. Having a little bit of btc can give you more understanding of what you hold and how it works. Halving is still months away can you could easy double or triple your money.

Mentions:#DC
r/CryptoCurrencySee Comment

No, the upgrade keys are controlled by a 9/12 multisig, and only 3 of the 12 signers are members of OffChain Labs (the team that built Arbitrum). Details of this and other security/risk info are available at https://l2beat.com/scaling/projects/arbitrum#permissions. The 12 signers for the security multisig (with Arbitrum founders ***highlighted*** : **Mo Dong** - Co-Founder of Celer Network (0x526C0DA9970E7331d171f86AeD28FAFB5D8A49EF). **Harry Kalodner** - Co-Founder and CTO at ***Offchain Labs*** (0xf8e1492255d9428c2Fc20A98A1DeB1215C8ffEfd) **Diane Dai** - Co-Founder of DODO (0x0E5011001cF9c89b0259BC3B050785067495eBf5) **Caleb Lau** - Software engineer at Etherscan (0x8688515028955734350067695939423222009623) **Ed Felten** - Co-Founder and Chief Scientist at ***Offchain Labs*** (0x6e77068823f9D0fE98F80764c21Ec294e4d96AdB) **Bryan Pellegrino** - Co-Founder and CEO at LayerZero Labs (0x8e6247239CBeB3Eaf9d9a691D01A67e2A9Fea3C5) **Patrick McNab** - Co-founder of Mycelium (0x566a07C3c932aE6AF74d77c29e5c30D8B1853710) **Justin Drake** - Researcher at the Ethereum Foundation (0x5280406912EB8Ec677Df66C326BE48f938DC2e44) **Bartek Kiepuszewski** - Blockchain architect at MakerDAO (0x0275b3D54a5dDbf8205A75984796eFE8b7357Bae) **Rachel Bousfield** - Software engineer at ***Offchain Labs*** (0x5A1FD562271aAC2Dadb51BAAb7760b949D9D81dF) **Patricio Worthalter** - Co-founder of POAP (0xf6B6F07862A02C85628B3A9688beae07fEA9C863) **Yoav Weiss** - Security researcher at the Ethereum Foundation (0x475816ca2a31D601B4e336f5c2418A67978aBf09)

r/BitcoinSee Comment

That is Gary cock sucking for the Fed reserve and the government. It is his job to leave room for price manipulation aka paper Bitcoin to discredit the validity of Bitcoin in the open markets. Not surprised there. Lots of cock suckers like this in DC. Did you actually think SEC is there yo protected the little guy? I hope not.

Mentions:#DC#SEC
r/CryptoCurrencySee Comment

Here is a [Nitter link](https://nitter.net/StaciW_DC/status/1568607639717957634) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Mentions:#DC
r/CryptoCurrencySee Comment

#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.

Mentions:#CEO#DC#USDC
r/CryptoCurrencySee Comment

Anyone had an Osmosis to Keplr transaction fail after reporting successful and had to receive a refund? How long did it take? Transaction in question below: https://www.mintscan.io/osmosis/tx/3F297B7FBD2511377D57A1EB43E581297C6F8877F615394A2C00CBEDC5DC20E4

Mentions:#DC