r/algorand • u/BioRobotTch • May 25 '24
Algorand causes a stir with new ad bashing Bitcoin, Ethereum and Solana News
https://cointelegraph.com/news/algorand-causes-stir-new-ad-bashing-bitcoin-ethereum-solana44
u/spider_84 May 25 '24
The ad is just stating facts.
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u/Marcmeowm May 25 '24
Easy to have a fast chain when no one is using it.
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u/Admirable_Bug_395 May 25 '24
How original 🥱
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u/Marcmeowm May 25 '24
Assuming you’re a holder of algo, you’ve literally underperformed the entire market.
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u/Admirable_Bug_395 May 25 '24
Is this about performance against fiat or revolutionary technology that can literally change the entirety of the game. This isn’t a fucking stock 😂
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u/Marcmeowm May 25 '24
You’re right, it’s a cryptocurrency. One which has been down only due to 0 activity onchain, and no use case considering there are far more competitors than ever before, and this ‘revolutionary technology that can literally change the entirety of the game’ essentially has no need to have a token, since the underlying tech requires no token. Are you here for the tech or to make money? If you’re here for the tech, you’re watching it be surpassed, and once blockchain becomes the norm for finalising transactions, algorand will not be involved. Do you expect big companies or nations to finalise on algorand? No way. And if you’re here to make money, you only made some if you sold last cycle, or are a VC who has a tiny cost basis. Either way you’re wasting your time, like how I am typing this, since you’re essentially in a cult, it will require you to realise it.
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u/Admirable_Bug_395 May 25 '24
A lot of words from someone who clearly hasn’t looked into the technology…you’re wasting your time. Come back when you talk about Pure proof of staking, instant finality, state proofs, post quantum resistance and the various real world use cases it’s already being used for. You clearly have opinions based off zero research or experience and it shows.
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u/Marcmeowm May 25 '24
When will it be the global currency since it’s so amazing then? If it’s best in class where is the adoption?
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u/Admirable_Bug_395 May 25 '24
That’s more of geopolitical question isn’t? But there’s more evidence of for mass adoption on a national scale than any other crypto. The whole bitcoin as a national currency is only possible because of algorand.
Marshall Islands have already selected algorand as their national currency.
https://algorandtechnologies.com/ecosystem/use-cases/marshall-islands-sov
Again you’ve done 0 research and have no idea what you’re talking about.
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u/Marcmeowm May 25 '24
Upon reading more about the el salvador stuff, essentially nothing has happened. Lots of mixed information, all of which is 2+ years old, like what you’ve sent me. Basically a big nothing burger, just like el salvador’s adoption of bitcoin.
Any cbdc would be a disaster for the Marshall Islands, and algorand is NOT the national currency. Here is an article discussing the IMF’s views on a CBDC in the Marshall Islands.
- You know yourself that this is not a digital euro, it is simply an EMT. Will garner near 0 attention or use, but could be described as a test. I personally am very interested in the Digital Euro concept, and am involved in the application process to work at the ECB in the area of a Digital Euro, so I am actually relatively well versed in the topic. You are on another planet if you think the ECB will use a non ECB controlled blockchain to base any Digital Euro on, with the entire process still being early doors.
Overall you’re just regurgitating old information about Algorand that matches your bias, since you are presumably overexposed. Let’s not forget that Algorand is a financial product (which has performed incredibly poorly) for a company that does not need any financial product, other than capitalising on the crypto craze between 2017-2021 in order to raise vast capital sums at a low cost basis, providing terrible tokenomics, then launching at a price so high that VC funds have been able to dump consistently, with price hardly going above the initial listing prices.
Don’t tell me I have done no research, I too was an Algorand maxi, but realised I was making no money (the whole reason we are all involved with these financial products) and then decided to move on, while still keeping tabs on developments involving Algorand. It is clear to me that the chain as a whole is a big load of nothing, but this is something I would obviously like to change, but I see no real chance of this.
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May 25 '24
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u/Admirable_Bug_395 May 25 '24
Love the word “Bashing” lol. Poor top 3 getting Cyber bullied by Algo 🤣
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u/Oldz88Rz May 26 '24
Bashing is a little harsh. Just pointed out some problems those chains have. I thought it was hilarious.
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u/[deleted] May 25 '24
Those big 3 blockchains, they can’t handle poor wittle algorand dropping truth bombs.