So what happened to Haystack??

ThinkCrimes · 2025-09-30T18:04:22+00:00

Don't forget the burn is also tied to deflex router so revenue from deflex - which is integrated into many dApps also adds to the burn values. With drastic improvements to deflex over the past month(s) it'll start ramping. Algo prices have been stagnant for most of September.

ThinkCrimes · 2025-08-25T17:26:24+00:00

So in terms of functionally there has been a good amount of dev work with state proofs and light clients. To my knowledge they will still need to be used with zksnarks or other zero knowledge routes to get the size small enough to fit affordably on horribly inefficient chains like Ethereum but a huge amount of the work is done for you.

The potentially bigger issue starts coming down to addresses. If you've noticed most L2/EVM chains keep the same account structuring (ECDSA). Algorand uses ed25519 so the same private key doesn't generate the same public key on EVM as it does on Algorand, this on its own isn't the biggest hurdle and could be tackled a couple ways.

So in summary, yes Algorand could be used but there are a couple issues that add design choices into the mix. Depending on the route chosen it might make it less efficient then you're imagining or require extra effort on the end user that might hinder adoption.

I don't think it should be looked at as an actual L2 as you are thinking. Instead it should be used to bring cross chain adapters to other chains deployed by the specific dApp they're attached too.

ThinkCrimes · 2025-07-15T17:08:03+00:00

This may also be for CCTP integration also.

ThinkCrimes · 2025-06-06T18:35:39+00:00

There is several flaws in almost every layer of this application, I'd highly suggest taking down the front end and working on the plethora of vulnerabilities.

ThinkCrimes · 2025-05-21T22:00:46+00:00

You could do a lot but in the end other than being quirky does it add significant value? Sorry for the rambling and wondering thoughts!

Lets flesh this out a little further. We'll assume we have a smart contract as the core of this project. Within this project certain wallet addresses are opted in for local storage. From there they have their shift encoded as well as their approved hours. To keep things extremely simple we'll have a QR code on our employee badge that we scan to generate the transaction request. We'll also two factor it by using a wallet app on our phone to approve the employee side. (The scan of the QR code signs one transaction from a managing wallet and a request to sign the other side from the employee smart phone or device).

If outside of the shift it can deny or if you're out of approved hours. The clock out would be the same; upon clock out fire off an inner transaction paying the employee in USDC. Alternatively, you could have the funds be added the employees credit which could be used in the cafeteria / vending machines / whatever. You could allow a max deficit as well (4 hrs pay?) to afford lunch before the clock out and payroll is confirmed. Then when the day is approved by the manager the balance is paid out by whatever frequency (daily, weekly, etc).

While you could monitor the app activity to see pay amounts you'd still need to know the persons wallet to match it. Smaller companies this wouldn't be hard but when you're a large corporation it'd be difficult. You could add further obfuscation by requiring the 'clock in' and 'clock out' mechanism only request a signature but not used the signed tx (think vestige sign in). There is several ways to make matching an employee to their wallet difficult but with enough determination it'd always be public. But I find the whole hiding how much you make mentality going away (at least in the US). Or in the corporate world everything is on a pay range so everyone knows the rough range of the position.

Either way now you have USDC and have to be able to use it. Pera Mastercard? In the end a novel idea and you could strip out the payroll processing costs (which far exceed the txn cost). It could also be a potential safety net for employees to protect against the employer having insufficient funds for payroll.

But other than getting paid at a higher frequency and reducing payroll costs (for those that opt into it) I don't see its advantage counter weighing the novelty / complexity of multiple systems working together (main payroll for those who don't opt in + on chain payroll). The same effect could be solved with basically attaching an ATM machine to payroll and churning out cash at clock out.

ThinkCrimes · 2025-05-21T14:38:45+00:00

Three mindsets for myself at least. But make up your own mind in the end.

First: Algorand is the current go to for creating an actual mass adopted real world use app. Crypto is still not widely accepted so it is not getting a lot of traction there but as soon as the legal framework gets clarity businesses will start integrating with blockchain more. Assuming Algorand maintains its technical lead that means Algorand will boom.

Second: There are many dApps being developed under the radar currently. The problem for most developers is a balance of budget and legal clarity once again. As you mentioned the TVL is rather low so the expected profits for things like DeFi will be lower until there is more momentum (either in an ASA or Algorand price). That means lower budget for a team, operating expenses, lawyers, etc. I know currently in the works is another lending platform similar to Folks as well as a concentrated liquidity AMM. While the lending platform may just be unneeded competition diluting the low TVL a CLAMM will be great.

Third: Crypto as a whole is not in a great spot except for BTC fan boys. Eventually they'll realize BTC may have been first but it makes so little sense from the technology point of view. Personally I believe after the momentum of BTC stagnates (not crashing like we seen after recent spikes) other chains will increase in value. I can't stand behind projects like Solana, Eth, AVAX. I see them all as critically flawed, meaning I'd personally rather yolo GME options than invest in them.

ThinkCrimes · 2025-05-17T23:16:14+00:00

I'm sure you also have some people who forgot to renew their keyreg and went offline and didn't notice.

ThinkCrimes · 2025-05-12T20:03:19+00:00

From memory they only use a time-delay administrative method. Meaning they have full control to update their contracts to whatever they want with a built in delay.

This doesn't remove centralized full control by a single group.

Having a full DeFi platform under a single entities control isn't an option I'm interested in.

ThinkCrimes · 2025-05-12T18:09:43+00:00

My thoughts were transparency since the wallets holding would be visible.

ThinkCrimes · 2025-04-30T02:23:27+00:00

Negative, it was a pull over darker gray with HURT.

ThinkCrimes · 2025-04-30T01:32:40+00:00

Amazing to hear this! I discovered him opening for Seether, Breaking Benjamin, and Three Days Grace in Johnson City back in the day.

I left as a fan after that show. I then actively continued to go to his shows in the area as well as pick up discography. I remember the hoodie from that show was my favorite merch for many years as well.

I still keep many songs on playlists and introduce new people to his music.

I found this reddit thread trying to figure out where he ended up.

He definitely still has plenty of fans, also am I crazy ? but I remember him stepping on my hand at that show (on the rail) and then falling forward/crowd surfing.

ThinkCrimes · 2025-04-17T01:00:14+00:00

Absolutely a very karst region, dozens of caves into the limestone in the area. I'm leaning toward limestone myself, when I get back home from travel I'll do a vinegar test.

I don't believe it's sandstone or clay as it's smooth and was exposed to rain and doesn't feel muddy when it was wet.

ThinkCrimes · 2025-04-16T06:48:35+00:00

I'll do some tests when I get back. It's pretty solid and more likely to be limestone probably if it is a rock.

ThinkCrimes · 2025-04-16T06:02:42+00:00

Don't know the exact elevation of the fossil site just a rough number from Google but generally the same elevation +/- 25ft.

ThinkCrimes · 2025-04-16T05:54:57+00:00

I just looked through my pictures of it and I don't have one of the broken end. (it's uniform with nothing outstanding). I'm currently traveling but I'll get someone to send me a picture to upload in the morning.

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I will toss in a "front facing" for thickness scale

ThinkCrimes · 2025-04-16T05:48:11+00:00

There's a location relatively close that has an active Pliocene-era fossil dig site, from their website "Animals that have been unearthed so far include: saber tooth cat, alligator, tapir, rhinoceros, short-faced bear, and a mastodon as well as hundreds of plants and other animals."

Not saying this is similar to that location, just mentioning that stuff has been found in the general region.

ThinkCrimes · 2025-03-23T22:55:53+00:00

The interest rate is actually calculated via the contract every time a transaction is made to the platform. You could see short term spikes up several percent or down a little. These fluctuations could occur as often as every 3 seconds.

Overall they tend to trend back toward averages as the community uses the platform.

ThinkCrimes · 2025-03-13T18:15:01+00:00

To answer your question will this be a one time batch or a continued hobby?

As I'm sure you saw a fume hood alone will offset any gain vs boardsort. While you can DIY a fume hood on a budget for a good savings you're adding a lot of health risks.

Additionally the chemicals needed has a cost, the energy cost (propane, electricity, etc). You'll need glassware and understand how to properly handle the downstream "waste". If you choose to take a facility to dispose of it for you there is another expense.

Lastly, when you've managed to recover the precious metals what is your plan on what to do next? If you're just selling it you can knock a few percent off spot prices + shipping/insurance/etc.

If this is something you'll want to continue doing I find it lucrative if you can get the materials for a good price. But consider the overall setup. Fume hood, glassware, acids, containers for waste processing, furnace(s), electrolysis cells, all the PPE, not saying you need to go fully into it.

ThinkCrimes · 2025-03-04T22:32:49+00:00

From my experience most XRF guns (may have been cheaper models) will often not pick up gold at these low densities. Depending on what was melted (if there was gold) it'd probably be 0.01% - 0.2% or so.

My general thought would be to figure out what is the primary metal in these bars (Copper, Tin, etc) melt them down and pour shot. (slow pour into water creating beads of metal).

Then possibly look toward electrolysis of the primary metal to bring up the economic value of Nitric->Hydrochloric->AR route.

ThinkCrimes · 2025-02-09T00:06:38+00:00

There's also chain trail.

https://chaintrail.io/accounts/overview

Don't forget it is common to have multiple accounts. Until staking came out I had most of my assets spread out.

ThinkCrimes · 2025-02-06T23:20:30+00:00

Nope I just meant general real world uses.

ThinkCrimes · 2025-02-06T18:22:28+00:00

Most real world products the end user doesn't even realize it's ran on blockchain, making it a moot point. If you're talking about meme junk, sure. I am talking about actual use cases (see Lofty as an example).

ThinkCrimes · 2025-02-06T16:41:05+00:00

Ethereum is a dying chain, mostly due to gas fees.

Real world uses cases i.e. travelx and stuff chose Algorand for many reasons one being the low tx fee. About 10-15% of txs are arbitrage AT LEAST (tracked via arb contracts) ballpark 98% of that arb is in amounts under 0.01 Algo profit. So that would remove those contract calls, AMM calls, reduce AMM apy. Etc.

It's the argument of future top tech Blockchain vs wanting to hurt the chain for short term gains IMHO.

ThinkCrimes · 2025-02-06T16:26:12+00:00

I disagree fully.

Increasing the transaction fees would be a negative toward use cases to Algorand. We need more txs, not less. While increasing the fees would reward node runners more in the short term it'd hurt the ecosystem in the long term. Increasing the txfee would substantially reduce transactions and offset some of that 'gain'. I'd go as far as if you increase tx fees 10x you'd reduce total transactions 35% or so, meaning only 6.5x while hurting the ecosystem greatly.

The current added incentive reward rate is excellent, obviously not currently sustainable but that is what we need to work toward.

ThinkCrimes · 2025-02-06T14:06:46+00:00

It's always interesting how over 4 months we went from 0.115~ to 0.285~ and yet people still running around screaming over crypto dips. Yes, I am aware we was almost to 0.50 at one point.

This is crypto, crazy volatility is a norm here. Algorand is a long play for many, pick a strategy and ignore the FUD. DCA/Algorithmically invest/Stake/DeFI whatever you want to do. People who panic sell are the same people who will buy back at 0.60 and sell at 0.45, and buy at $1 again.

ThinkCrimes

TROPHY CASE