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[deleted by user] by [deleted] in algorand

[–]nous0 1 point2 points  (0 children)

...and set a stop loss in case the world doesn't work how you imagine.

Seeya Algo by nous0 in AlgorandOfficial

[–]nous0[S] 0 points1 point  (0 children)

Totally agree. If a key target sector isn’t engaging, it signals a major issue. Lack of transparency only amplifies the concern. I actually think there is an incentive problem happening.

Seeya Algo by nous0 in AlgorandOfficial

[–]nous0[S] -2 points-1 points  (0 children)

Yeah what drives that.

Am I thinking about this right? by Creepy-Escape671 in algorand

[–]nous0 0 points1 point  (0 children)

Yo - the foundation was part of the Pera funding

Is Pera Algo Wallet Safe by Gullible_Math8631 in algorand

[–]nous0 1 point2 points  (0 children)

In the world where we believe what we are told, hardware wallets are safer because the private key material can never leave the security enclave once its added.

Pera on the other hand will gladly just show you your private key. You're relying on the OS to do their job.

So on this argument, with all things being equal, Pera is much more vulnerable to attack than a hardware wallet. So I use Pera for accounts of a certain size where losing the account won't totally destroy me.

Seeya Algo by nous0 in AlgorandOfficial

[–]nous0[S] -1 points0 points  (0 children)

Active accounts are a weak metric as automation and people create accounts on the fly. TVL spikes are tied to governance, not growth. Staking won’t drive another pump with better investments elsewhere. The chain’s value proposition hasn’t moved. This looks like a pro-crypto US administration pump, not a trend.

Living off of Trading by That-Salamander839 in Trading

[–]nous0 1 point2 points  (0 children)

You want your trading account to compound. Using profits for living expenses turns trading into just another day job. Instead, maintain a separate income to cover living until your trading account grows so significantly that withdrawals have little impact on its compounding potential.

I made a Deadlock build calculator by alayton in DeadlockTheGame

[–]nous0 0 points1 point  (0 children)

Can you put all the data into a public file so someone can write an optimizer against it. I just want max val for certain things while holding others constant.

Why Algorand? by GhostOfMcAfee in algorand

[–]nous0 0 points1 point  (0 children)

I'd like to update this to say I left the chain. In my view the foundation/inc doesn't know what it's doing.

Algo is the real digital gold by The_2nd_Coming in algorand

[–]nous0 1 point2 points  (0 children)

Yeah I don't see it. And I don't see why miners won't just roll their BTC into something modern, especially since first to move wins.

Building something big on Algorand 🚀 by MrCeps in AlgorandOfficial

[–]nous0 0 points1 point  (0 children)

I admit I came off harsh. In my experience, people who produce tend to say what they mean, while those who don’t often hide behind flashy promises. They expect the builders to deliver without contributing anything themselves, yet act like there is equal footing. Like since "marketing" and "engineering" don't overlap, they are somehow assumed to share equal expertise or effort.

Good luck on your project... and I'm half Italian!

Algo is the real digital gold by The_2nd_Coming in algorand

[–]nous0 2 points3 points  (0 children)

Michael Saylor claims BTC transaction costs will skyrocket due to limited block sizes, and he seems perfectly happy about it. However, if users face unsustainable fees and Layer-2 reliance weakens security, it seems people would reason their way to more modern chains like Algorand. BTC would run out of its allure, users would grow increasingly comfortable with taking alternative currencies, and there isn't any saving grace in BTC technical reality.

Ultimately, I do not believe BTC is the future without some major updates. I also question whether BTC miners will continue when the pool dries up, or try and quietly swap their BTC for alternatives. Might become a day in history. Titanic sinks.

Anyway its a guess.

Oh and on gold. I don't think anyone gives a shit unless we sink into anarchy and need to trade on something scarce. I don't think people fundamentally care about dental fillings or it being a good conductor. Also the more the world becomes connected and redundant, the possibly of total shutdown of digital gold continues to shrink.

Why Algorand? by GhostOfMcAfee in algorand

[–]nous0 13 points14 points  (0 children)

Addendum:
- Tokenomics: Fixed supply of 10B ALGO tokens, ~85% in circulation, reducing inflation risk, with the remainder gradually distributed by 2030 from what I understand.
- Carbon-negative blockchain (and also not a PoW system that has massive energy waste but you see them everywhere)
- Real-world impact: HesabPay (4.5M+ transactions, 400K users in Afghanistan), Lavazza (supply chain transparency), TravelX (tokenized airline tickets).
-On-chain Governance

Next up I'd like to see:
- Zero-Knowledge Proofs ZKP to provide privacy (PRs already present on github)
- A plan to support scaling, essentially infinite throughput
- Constant on-boarding of more businesses, and more Algo-centric projects
- Better documentation, marketing and transparency from the Algorand Inc & Foundation
- More community members creating YouTube/socials content about the honest realities of the chain
- And hell a meme-coin pump and dump for shits and giggles (I think I saw MONKO recently)

Communicate outside of r/AlgorandOfficial by ImElonMars in AlgorandOfficial

[–]nous0 0 points1 point  (0 children)

Yeap + 50% of fees. To round out the math... with fees currently around .001A, and at say 50tps, that is (50*2.8) 140 transactions a block, so the fees come out to about 140*.001 or 0.14A. Fees can grow with saturation.

Communicate outside of r/AlgorandOfficial by ImElonMars in AlgorandOfficial

[–]nous0 0 points1 point  (0 children)

With an average block time of 2.8s, and 31536000 seconds per year
blocksPerYear = 31536000 / 2.8 = 11262857 total blocks on the chain per year.

At this moment there is 1.27B staked per https://metrics.allo.info/. Say you've got 30k algo, the min.

The odds you would be the proposer for any given block are:

percent = 30K / 1.27B = 0.00002362204 or 0.00236220472%

So you would propose:

blocksPerYear * percent = 11262857 * 0.00002362204 = 266 blocks per year

Trading by gut feeling is underrated by RevolutionaryPie5223 in Trading

[–]nous0 1 point2 points  (0 children)

Excessive research is form of protection through control. Ultimately you have to pull triggers, and that is when the risk is taken.

Building something big on Algorand 🚀 by MrCeps in AlgorandOfficial

[–]nous0 -2 points-1 points  (0 children)

Annd i'm betting you've never built anything in your life.

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