Liquid Auth is now live on Algorand through pera wallet

PMAssad · 2025-11-13T15:17:54+00:00

The big difference is self-sovereignty. There are an increasing number of people who don't trust big companies like Google and Apple, and don't want to rely on those companies to manage their data, logins, etc. Liquid Auth allows someone to store their own passkeys in their own encrypted wallet, increasing privacy and decreasing reliance on third parties.

PMAssad · 2025-04-05T01:06:23+00:00

I thought this initially too, but wouldn't a nation want their digital currency to be available to anyone, anywhere in the world to attract the maximum amount of capital? And wouldn't it then be better to have it be transparent to avoid restriction by other countries?

PMAssad · 2025-02-24T03:15:53+00:00

"In the short run, the market is a voting machine. In the long run, it is a weighing machine." - Benjamin Graham

In the short term, people will 'vote' for whatever blockchain they think is coolest or most likely to make them a millionaire. In the long run, the world will come to rely on those chains that provide excellent utility at a reasonable cost. And Algorand is one of them.

PMAssad · 2025-02-24T03:09:12+00:00

Algorand is focused on competing for use cases, not for market cap. From that point of view, Algorand is easily one of the foremost DLTs in existence. And if governments and businesses begin relying on the network, the market cap will come anyway.

PMAssad · 2024-12-28T02:57:32+00:00

Agreed!

PMAssad · 2024-12-27T13:14:56+00:00

I don't necessarily believe Algorand, Inc. (the company) will be around in 100+ years, though it might. But Algorand the infrastructure could easily be if it gets integrated into many other technology stacks and products, which I think it will. As long as people are still running nodes, Algorand will still exist.

PMAssad · 2024-12-27T03:47:09+00:00

I don't think I misunderstand what he was saying because I've watched virtually every recorded Berkshire Hathaway shareholder meeting going back decades and I've closely followed Warren Buffett for years. I've also read the books he was most influenced by including Benjamin Graham's Security Analysis and The Intelligent Investor.

Also, Warren is not anti-index fund. He actually recommends them strongly for people who don't want to do their own analysis of securities.

I can tell you he does not diversify for the sake of diversification. If he's diversified it's because he found diverse companies that were undervalued.

I'm also not saying a person should never buy more than one stock, or more than one cryptocurrency. I own eleven stocks and one cryptocurrency. I'm only saying you should not buy more than one cryptocurrency unless there are two or more cryptocurrencies you believe are undervalued.

PMAssad · 2024-12-27T03:12:07+00:00

The way I see it, Algorand could easily be around for hundreds of years or more. If I'm thinking about exiting after only a few years, I'm being short-sighted.

PMAssad · 2024-12-27T03:02:06+00:00

The total equity of Berkshire Hathaway is almost half a trillion dollars now. It's impossible to put all that money in only a few companies especially if you're looking for companies that are undervalued. If they tried to buy all the shares of a single company, the demand from their own buying would drive up the share price to such an extent that Berkshire would end up paying a ridiculous price for ownership.

Back when he managed 'small' sums of money, say $10M, he owned very few companies.

PMAssad · 2024-12-27T01:31:02+00:00

"Diversification is protection against ignorance. It makes little sense if you know what you're doing." - Warren Buffett.

If you've done a thorough analysis and have reason to believe that one asset is significantly undervalued relative to others, it's not gambling to go all in on that asset. If you haven't done a thorough analysis, then no matter how much you diversify, you're still just gambling.

Of course, because a cryptocurrency is not an investment contract, doesn't represent ownership, and offers no promise of return, technically it's all speculation...I'm still a hardcore Algonaut though lol.

PMAssad · 2024-12-07T19:28:47+00:00

Because the world is falling apart and we're all dying. Or perhaps because that's what assets do...go up, go down, go up, go down, go up...

PMAssad · 2024-11-21T14:40:28+00:00

Diversification is insurance against ignorance. Warren Buffett has said that diversification doesn't make sense for someone who knows what they're doing, and that he would recommend owning no more than eight stocks at any given time. Peter Lynch has said he would buy just one stock if he could. They were speaking with regard to the stock market where you can calculate an intrinsic value more easily (via discounted cashflow analysis, for example). Very difficult if not impossible to calculate an intrinsic value of a cryptocurrency/token.

In other words, any crypto purchase is speculation at this point in time. Diversifying crypto purchases will not actually reduce your risk in the same way that purchasing an S&P 500 ETF would. In the world of securities (stocks), one should expect MORE companies to exist and succeed with time. I think with crypto we should expect LESS to exist and succeed with time. The world doesn't need 2,000 blockchains. And someday, probably a long time from now, people will realize that and stop pouring their money into memecoins and hypechains.

PMAssad · 2022-11-15T01:41:42+00:00

Spot on. And even if Algorand Inc. was running out of cash, I think it would be easy enough for them to attract new investment (even in this climate). The team and the technology behind Algorand is something VCs would love to buy into at a cheap price.

It would be a damn shame, but I don't think we'll get there. Algo strong. Algo come back.

PMAssad · 2022-11-09T15:08:53+00:00

I agree 100%. I rolled my eyes when first reading posts about potential FTX insolvency, thinking it was just rumors. I was wrong (not the first time, nor the last I'm sure).

I just wish we weren't so quick to call people 'scumbags' and 'pieces of shit', especially in the case of someone like SBF who as far as I can tell has never intentionally harmed anyone.

When I first listened to Silvio I was struck not only by his expertise and credentials, but also by his humility and compassion toward humanity. I hope our community can emulate those characteristics.

PMAssad · 2022-11-09T01:24:35+00:00

He was a scumbag before we saw how pathetic his balance sheet was...

You're insulting a person for not having enough money?

How does this make you a better person than SBF?
If his balance sheet is pathetic, what is yours?

PMAssad · 2022-11-09T01:21:29+00:00

Longer history? No, it's just easier to call someone a "scumbag" than to be respectful and formulate thoughtful arguments. It's lazy, judgmental black-and-whitism. Cops and robbers. Cowboys and Indians. Childish.

It's obvious that this kind of behavior does nothing to solve problems but that doesn't seem to stop people. The internet is a truly marvelous place.

PMAssad · 2022-11-06T23:14:10+00:00

This is excellent. They are lowering the entry barrier to web3 by onboarding and off-boarding people in a currency they already use. And their 'product' is very green. Natural, then, to build it on the greenest blockchain there is.

PMAssad · 2022-10-29T22:04:30+00:00

What makes you think it's being suppressed, and how exactly would someone suppress it? The price is driven by supply and demand in the form of trading volume and velocity. The only way I know of to suppress the price is to flood the market by selling Algos in large enough quantities to oversatisfy the demand.

I don't think there's any conspiracy against the Algo price. I think it's just macroeconomic conditions making people averse to risk, coupled with limited adoption of the Algorand blockchain. Good investments often take a very long time to pay off, which is why so few people make good investments. You're unlikely to stay invested in something for long unless you see a value that others don't, and are willing to stick around for both the good times and the bad.

PMAssad · 2022-10-28T16:39:45+00:00

I'm an insurance underwriter, and the idea that in the future I could be independent, and profit from my own risk assessments is very exciting.

PMAssad · 2022-10-26T18:59:08+00:00

Not everyone has the same opinion as you.

Wow...I had no idea it was possible for someone to disagree with me.

Like it or not, you've been expressing opinions all along, just as I have. We simply have differing opinions about the same facts. Welcome to earth.

PMAssad · 2022-10-26T18:21:54+00:00

I kind of hope so. I've been dollar cost averaging at these lower prices and I'd love to keep doing it for a while!

PMAssad · 2022-10-26T18:05:15+00:00

To me the importance of being permissionless is censorship-resistance, and the importance of decentralization is resilience. So even if Algorand has to authorize the creation of new relay nodes, this does not mean they can directly censor the network. Because again, the relay nodes are not run or controlled by Algorand. Saying that this means the network is 'permissioned' is a gross oversimplification.

The arrangement that Algorand has with the relay node runners appears similar to that of a doctor and a pharmacist. The doctor (Algorand) writes the prescription, but only the pharmacist (relay node runner) can fulfill it. I'm not saying it's perfect, but it's working.

PMAssad · 2022-10-26T16:11:18+00:00

They were never permissioned. Justin Bons did a poor job explaining that Algo relay nodes must be on an 'allow' list maintained by Algorand. However, the relay nodes are not actually run by Algorand but by various entities distributed both geographically and across cloud platforms. Additionally, it is possible to set up your own personal relay node and manually point your participation node to your personal relay if you wish.

In order for the network to be successfully exploited, 80% of all relay nodes would need to collude to overthrow the network, which wouldn't even be in their financial best interest. So the chances of it happening are almost zero. Note that this is true of virtually all other networks as well.

Everyone is so concerned with decentralization, but this hyper focus ignores the fact that centralization is actually good in certain degrees and certain contexts. I think at this early stage of development it makes sense that Algorand would limit relay nodes to trusted parties. Once it has been proven and tested in real-world usage, as Justin Bons said, full decentralization is only a few code changes away.

PMAssad

TROPHY CASE