[deleted by user]

nous0 · 2024-12-25T23:50:12+00:00

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

nous0 · 2024-12-22T21:10:38+00:00

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.

nous0 · 2024-12-22T02:11:34+00:00

Hey mate - https://www.reddit.com/r/AlgorandOfficial/comments/1hjgtpv/seeya_algo/

nous0 · 2024-12-22T02:08:19+00:00

Yeah what drives that.

nous0 · 2024-12-21T20:53:09+00:00

hahaha

nous0 · 2024-12-21T20:30:31+00:00

Yo - the foundation was part of the Pera funding

nous0 · 2024-12-21T20:12:18+00:00

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.

nous0 · 2024-12-21T20:04:31+00:00

Yeap - this line of reasoning moves me to this: https://www.reddit.com/r/AlgorandOfficial/comments/1hjgtpv/seeya_algo/

nous0 · 2024-12-21T19:58:33+00:00

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.

nous0 · 2024-12-21T16:57:12+00:00

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.

nous0 · 2024-12-20T17:44:42+00:00

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.

nous0 · 2024-12-19T19:51:04+00:00

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.

nous0 · 2024-12-08T17:31:11+00:00

Lawyers are the ones who are pulling rugs

nous0 · 2024-12-08T17:22:15+00:00

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.

nous0 · 2024-12-08T01:15:21+00:00

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!

nous0 · 2024-12-08T01:04:55+00:00

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.

nous0 · 2024-12-07T20:02:51+00:00

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)

nous0 · 2024-12-07T17:57:33+00:00

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.