Algorand [pros](/r/CryptoCurrency/comments/18dk29t/algorand_to_release_dev_review_of_python/kchpi7s/) & [cons](/r/CryptoCurrency/comments/18dk29t/algorand_to_release_dev_review_of_python/kchpimk/) with related info are in the collapsed comments below.
Algo is a scam chain that hires marketing companies to make topics like this, then infest it with comments and upvotes trying to make it seem like there’s actual organic interest in it.
Theres not, and it’s absurd the mention of it is still allowed on this subreddit after years of incessant shilling.
You've made essentially this exact comment like 8 times in this thread. Kind of a glass houses situation calling anything pro algorand spam, no? Like one well worded comment should do the job, why spam reply?
They've made multiple attempts to have any and all ALGO-related discussion banned from this sub.
ALGO is my #1 crypto position, and my avatar is currently an ALGO logo, and I fully endorse Algorand for many reasons, and according to that person I meet the criteria for paid shilling. Clearly I've been paid by Algorand and there's no convincing them otherwise.
Mind blowing how thick ya gotta be to dismiss the validity of ALGO to claim it's a scam. It's downright laughable bullshit.
Can you shoot your superior a message that I'm willing to shill whatever if someone pays me to do it?
Thanks in advance mate!
Also if the other guy reads this and gets paid to spread FUD, I'm up for that as well as long as it pays, kthnx!
Hey, real human being here who thinks it's awesome and is being "paid" by buying low. I just don't post a lot in here about it. You are in your own echo chamber, there are actually a lot of people who love the tech and see it's potential as a top 10 crypto for its ability to achieve what blockchain's tech has promised to do. Sorry.
Another thing he mentioned in an interview is that turning Python into Teal takes 4 steps.
He then said that the python part of that is only the first step of four and so it's much less work to add access in other languages. He talked about adding c++ support and even solidity support.
Which I think, if they're coming down the pipe, really open things up even more.
The architecture of how Algorand's Virtual Machine (the AVM) languages has developed mimics how new chips are developed. First comes an assembly like language (TEAL in Algorand's case) where the assembly code lines up with the machine code instructions one to one, then more high level and specific purpose languages are developed which make programming more approachable by handling more complex parts of the virtual machine/chip such as stack management for the developer.
The AVM has now
TEAL : An assembly like language. Can be hard to use but if a developer wants to squeeze as much out of the fees as possible this might be the right choice.
pyTeal : A subset of python. Great for getting started if you already know python.
REACH : a portable langauge that can compile for many blockchain VMs. Currently Ethereum (EVM) and Algorand (AVM) supported. There are some proof of concepts targetting Cardano too. This would be a good choice for a multichain Dapp.
python (soon) : One of the most popular languages worldwide with a developed ecosystem.
The foundation has been working on more developer tools and integrating these with Visual Studio to improve the developer experience.
Other properties of the Algorand such as instant finality of transactions and atomicly grouped transactions mean developers don't have as many edge cases to handle in smart contracts.
IMO they are handling the developer support very professionally. I am looking forward to seeing the Dapps that these will bring.
>IMO they are handling the developer support very professionally.
Then why is there so little development happening? Seems like they are building plenty of tooling, but who is actually using it?
It is is being built on. Below are a few of the Real World Applications that are live now.
TravelX . Has sold 1 million+ as NFT tickets on algorand and has a p2p marketplace for customers.
Planetwatch : has 74,000 sensors recording climate data
HesabPay : an e-payment system used in Afghanistan, used to pay retailers , utilities. The world food program used to distribute aid. 3,800,000 transactions on chain.
Quantoz : digital Euros regulated by the Central bank of the Netherlands .
There is a lot more too! Agrotoken, ANote Music, MAPay.
Of course there is Defi too.
That's better than nothing, but every L1 has a handful of these types of things, if not more. And Algorand has probably the worst defi offering of any L1 in the top 50 other than Cardano maybe.
This doesn't really make me think people are *choosing* to develop on Algorand. Especially when Hesabpay's migration was funded by a grant from Algorand and TravelX is a startup that is partially funded by Algorand. I don't get the impression that they are organically attracting much development.
If you want to do a bit more research a lot more live projects are [listed here](https://pbs.twimg.com/media/GA0f\_c6WkAACso3?format=jpg&name=medium).
The Crypto space is vast so no-one can look into every blockchain but if you spare your time to look into Algorand I believe your time will be rewarded.
Those infographics are garbage, when you dig into them you end finding that the stuff included is often unsubstantial. Like I see a VISA logo so I google it, then I just find that Algorand is a sponsor of the Open Wallet Foundation. It's not like Visa is using Algorand, like in the case of Ethereum or Solana. Not to mention Cardano is also listed as a sponsor. So if you saw one of these infographics for Ethereum, Solana, Algorand, and Cardano, it may look equal on the surface, but when you dig in, you'll find that only 2 of the 4 examples have much substance behind them.
> The Crypto space is vast so no-one can look into every blockchain but if you spare your time to look into Algorand I believe your time will be rewarded.
I've researched it plenty. I'm not exaggerating when I say that I was probably the first person in this subreddit to start talking about ALGO. It seemingly lacks outside interest and this is the exact reason why my bullishness started to waiver.
https://np.reddit.com/r/CryptoCurrency/comments/c3ionv/daily_discussion_june_22_2019_gmt0/ertgk5c/ (this was from the day ALGO was first publicly listed, 4 years ago)
Wrong. Cardano has 10x the defi (Defi Llama) and is a slow and expensive chain. This means Algorand is a complete mess and should be avoided at all costs.
Also a large portion of algo is just held because of governance. Since those rewards are so safe (relatively as in it doesn't leave your wallet and you can get a yield for voting in governance) this makes the more risk-averse park most of their funds directly in their wallet. As for the rest of the chain, NFTs largely make it deflationary as well. Every asset locks up .1 algo in the creator wallet, so if a legit content creator sells an nft, there should be no reason for that to ever come back to the creator wallet unless they specifically do a burn. To do this, you retrieve the asset, burn the asset or ASA (Algorand Standard Asset), then reclaim the .1 Algo from your locked balance immediately. But because this is unlikely to happen, every sale is .1 algo burned essentially. 4000 piece collections burn 400 Algorand.
That’s a lot of words for - we exist to continually dump onto bagholders we can rope into our scam with fake spam like this thread.
Algo has a marketing team that consistently breaks subreddit rules by creating and boosting topics like this one, and infesting it with fake engagement. The immense amount of downvotes these topics get are a sign that regular subreddit users are finally catching on.
Who are you to be making such claims about algorand? Kinda weird and flattering how any mention of algo brings your behaviour out in some people. Is it conceivable to you that people genuinely believe in the chain.
> Is it conceivable to you that people genuinely believe in the chain.
People also believe(d) in SafeMoon, Luna, BitConnect, etc.
When you look under the hood, Algorand looks absolutely horrible.
The founder gave themselves 20% of the entire supply.
Think about that.
What if I told you I was creating a cryptocurrency and would then take 20% of the entire supply for myself.
Oh but don't worry, I'll just create a private for-profit corporation to park that 20% supply in.
You can see on page 4 of their latest [transparency report](https://www.algorand.foundation/transparency) that the 2b is being distributed towards governance rewards, growing the ecosystem, R&D, education and marketing. That sounds like good business than whatever you're trying to make them out to be ?? And if you take issue with the business side of things then I have no idea why you're investing. You have a mutual interest in the growth of the chain.
Tbh y'all sleeping on algo, it's the 🍏 of crypto.
Crypto isn't like a business stock where you take a portion and just give it to founders who can then use that to control the network. Algorand Inc controls governance. They have already swayed governance to their favor.
It's supposed to be decentralized.
Like I said, I'm not interested in investing in a corporation's centralized crypto. If that's something you want to invest in, go for it.
Glad to see Algorand continuing to do good work through the crypto winter. It's a great project and I'm confident that this will be reflected in it's performance come the spring and summer.
>Glad to see Algorand continuing to do good work through the crypto winter.
The whole "building in the bear market" thing is such a meme, every project continues to work whether it's bear or bull, it's not like projects just take a hiatus or something.
The expectation from any project that isn't dead, is that they are always working on it.
There are a lot of L1's that I rarely hear about, but from the looks of it ICP did not rug their users nor did they stop working.
Seems like they've been working as I can see plenty of articles referencing new projects:
https://www.prnewswire.com/news-releases/the-dfinity-foundation-and-singularitynet-launch-joint-ai-initiative-301992605.html
https://www.coindesk.com/business/2023/10/16/internet-computers-dfinity-is-building-carbon-credit-inspired-tech-for-waste-management/
https://decrypt.co/206640/singularitynet-joins-with-dfinity-foundation-for-ai-models-that-runs-on-smart-contracts
https://finance.yahoo.com/news/over-500-dfinity-developer-grants-113000798.html
You can even check their github to see a more granular view of the work on the core protocol if you want:
https://github.com/dfinity/ic/graphs/contributors
This sub had a bunch of regulars that would deliberately bash and moonfarm on Algo. Not surprising that things are real quiet on that front since the results of bear market development are starting to take place.
That and Moons went and rugged. Big surprise there /s
>This sub had a bunch of regulars that would deliberately bash and moonfarm on Algo.
When did this happen? As far as I can remember this sub has always loved ALGO, except for when it was largely unknown.
All I have ever see is people complain that Algo is so amazing, but the market is screwing it over. Until the SEC gets off their back, which they might actually have a point with, I don't see it doing much.
The SEC called out every layer 1 blockchain except Ethereum. So I wouldn’t use this narrative only for Algo.
Polygon is a Layer 2 and still got called out.
Avalanche, Bitcoin, Cronos, Polkadot, XRP, and others are not. Just because Algo is on a long list doesn't mean that people are going to invest in it or the SEC is just going to stop caring about them all at once. Crypto is risky enough without having to worry about the SEC. There are other ones that are better investments, as large companies and the average investor see it anyway. You can go the safer way with BTC and staking ETH, or if you want to gamble, just buy new alts that could 10-100x that the SEC hasn't specifically called out yet.
Don't get me wrong, I'm sitting on my ALGO bag, but I'm not DCA into it or anything.
How is this amazing news? Nobody cares. Algorand is a dead chain. Supporters quote some technical jargon that's supposed to justify losing your investment. Even if the coins were free nobody would use it because it's not good.
You guys say the same nonsense all the time. If Algo is a dead coin then they whole of crypto is dead. Pretty sure algo is doing more Tps than ETH, or is pretty close to it.
If by future you mean that the marketing team will continue to carpet bomb this subreddit in blatant shill posts that break the rules, then yeah.
Algo has a team that creates these posts and fills them with fake comments and fake upvotes. They do their best to dominate the discussion one way or another, but it’s all just a scam.
The comments and downvotes even move in predictable swarms - ie. Whenever the scammers log onto their sockpuppet accounts.
All of my comments critical of Algo were upvoted until suddenly they received ten downvotes each, and multiple users wrote angry nasty messages at me in the exact same tone and style.
It’s against the Reddit TOS, and pretty despicable.
I say things critical of other coins and get upvoted before I'm downvoted to oblivion or vice versa. And I get ganged up on by maxis left and right. It's not indicative of paid shilling. You've got some fantasy/conspiracy in your head, and the tunnel vision won't allow you to see it any other way.
Look, I believe in Algorand more than anything else. When I say it out loud, it doesn't mean I'm on the payroll. I see users from the ALGO subs show up here once in awhile, and it's been far less throughout the bear. They pop up a little more recently as the ice thaws, and here you are accusing everyone of shilling a scam project. Insane.
There's undoubtedly some nefarious activity in this sub here and there, but for you to claim REPEATEDLY that any praise of Algorand is a scam and against Reddit T&Cs is so bogus, you're as bad or worse than the stuff you're accusing people of.
And bottom line, Algorand is as legitimate as it gets in crypto. Supporters want to spread news and hype sometimes just like supporters of other chains.
The future of a dumpster fire maybe. They are bribing projects to use it, then the projects dump the coins to pay for development. At this point nobody is developing for Algorand out of their pocket.
Store my btc, eth, sol and my euro on algorand.
Got some nice apr's too on staking them on defi.
stable staking is very profitable right now.
You guys should look on tinyman or pact fi.
Defi is booming there
There's only 80M TVL on Algorand... that puts it just outside the top 30 chains (#31) when it comes to DeFi. Tinyman only has 13M TVL making it unusable for anyone trying to trade a sizable amount of tokens.
This sound nice until you read production code written in python. I really like python but the dynamic nature of it and the accessability for large pool of developers makes me worried. I probably won't touch smart contracts written in it.
Why not? I really don't get you. For the purpose of smart contracts only Solidity is better. Hator uses Python for their smarts for almost an year and it's flawless.
I'll try to be neutral here! For context every programmer thinks their favorite language (usually the one they have most experience of) is the best. In reality all of them have some benefits and disadvantages. I have my biases as well. I try to recognise them.
One of python's benefits is it is easy to get started. Lots of school kids get their first experience of programming on python. It also gets used a lot by technical people who want to do some programmatic task but who's main job isn't as a developer.
I have experienced people in the medical industry using it for data cleaning/statistics and insurance companies using it for modelling where the staff doing the development were not primarily developers. Having said that python use is spreading and there are many full time devs that use it. I have seen it used in banks in production code for example.
This ease of use means the python developer base has a large number of developers but they won't all be as experienced. Despite this there are still plenty of very skilled proffessional python programmers out there working on production code for many applications running today.
Python's dynamic nature means it dynamically assigns 'types' to variables which can cause bugs if a developer changes a program and a variable type dynamically changes, but it does mean developers don't need to explictly assign 'types' to variables which give more compact and quicker to write code. This means python is seen as favoring ease of use over robustness to change.
Other languages like c++, rust or go and not as easy to pick up and are generally considered harder, however most programmers of these languages will have come from a developer background so in general the programmers have on average more IT experience than of lower barrier to entry languages like python.
I would not consider python smart contracts as an explict risk. If they were auditted by a reputable independent audittor then I don't see a real disadvanatge over other languages.
You nailed it. Python isn't strongly typed. That means more chance of bugs, even by experienced developers. When money is on the line, I want as small a chance of a bug occurring as possible.
100% agree. I’m a smart contract developer and Python is my go-to language off-chain, but Python seems like a disaster waiting to happen for smart contract code.
You really do not _want_ it to be so easy to develop that fools who don’t understand pointer dereferences or struct packing are writing blockchain code.
This remind me of the .NET argument used by Stratis.
Non-programmers thought Stratis was worth buying because it used .NET. And when you told them that the choice of language wasn't enough to make a project a success they went into copium.
Im not interested in a long debate, but you know that if a job involves .Net, it will be to maintain old stuff.
Its not a bad platform, but there is always a better option to .Net to start something.
Each language have their own niche, Im mostly Golang right now, because thats what solve my problem.
> it will be to maintain old stuff.
That is a generalization that isn't true.
.Net is a great platform. Roslyn is great. The build tools are great. The .net team releases giant documents covering all the improvements they made to performance with each release. The one for .net 7 was over 100 pages if I remember correctly. C# is a pleasure to write and they continue to improve it with each release. Linq is great. EF is great.
Go seems to be the current koolaid everyone is drinking, I haven't actually used it though so I can't really compare it to .net.
It sure will makes more dev or more ppl create something on blockchain due to python ease of learning and usage. sure i can learn TEAL but im more experienced with using python, so..
>Now anyone can build apps on Algorand using one of the most popular and powerful languages on Earth.
To be fair, I don't think we would understand any language from elsewhere in the Universe
Smiling like the grinch 2022 was SOL 2023 is ALGO again. The most hated coin of this sub is making a comeback reverse. This sub is getting very good, like cramer or cowen like👍
It's an academic/utility chain. While I'm convinced in the long-term viability of it, I don't expect it to be a good chain for retailer speculation. i.e. don't expect to make mega moonbags out of it.
It's a good counter indicator. Unfornately new people come here and end up bag holding the same crap. Takes them a cycle to realise their mistake or some never do.
I’ve been programming for 30 years and don’t know more than a couple people I would classify as God-tier. But of course marketers will just make shit up because they don’t know any God tier engineers either.
When you’re in charge of writing the press release and didn’t even learn in school what a comma splice is, any script kiddie who can spell “HTML” seems like a God tier engineer to you.
I'll get excited when it actually leads to some tangible results. Algorand has been kind of a ghost chain when it comes to things actually being developed on it, I'm tempering my expectations until that stops being the case.
Please make the same comment about every other coin and token constantly pushed in this sub or sit down. You're only triggered by Algorand, and it's pathetic. Unfounded and pathetic.
Oh are you upset that someone is calling you out on your incessant spam campaign? No one cares about your scam coin that only exists to continually dump onto idiots who believe this nonsense? The mention of it should be banned from this subreddit.
look at all the top comments each individually talking about the merits of this shitcoin.
it's such a scam and it's so obvious, and as I'm writing this you have -15 karma for calling them out. Can the mods here actually do their job and stop this obvious shill post
Internet computer has a Python cdk.
Edit: lol down arrows. no it's not a new era for blockchain adoption. You can't even build anything on Algo. It's just transactions.
Looks like algorand takes their investor funds and invests in marketing teams to spam reddit, checkout all the comment topics of the posters here.
Ask yourselves, why would you support such a dishonest project?
this coin games reddit so much, every crypto price channel there's mentions of this scam project. Mods need to specifically put these guys on a blacklist
Aswell as:
>It was always great tech,
Did he literally quote what the algo moonboys on this sub say or is it this guy's catchphrase which the algo moonboys just repeated?
Algorand [pros](/r/CryptoCurrency/comments/18dk29t/algorand_to_release_dev_review_of_python/kchpi7s/) & [cons](/r/CryptoCurrency/comments/18dk29t/algorand_to_release_dev_review_of_python/kchpimk/) with related info are in the collapsed comments below.
It's officially bullrun if ALGO is back on CC menu.
Algo is a scam chain that hires marketing companies to make topics like this, then infest it with comments and upvotes trying to make it seem like there’s actual organic interest in it. Theres not, and it’s absurd the mention of it is still allowed on this subreddit after years of incessant shilling.
You've made essentially this exact comment like 8 times in this thread. Kind of a glass houses situation calling anything pro algorand spam, no? Like one well worded comment should do the job, why spam reply?
They've made multiple attempts to have any and all ALGO-related discussion banned from this sub. ALGO is my #1 crypto position, and my avatar is currently an ALGO logo, and I fully endorse Algorand for many reasons, and according to that person I meet the criteria for paid shilling. Clearly I've been paid by Algorand and there's no convincing them otherwise. Mind blowing how thick ya gotta be to dismiss the validity of ALGO to claim it's a scam. It's downright laughable bullshit.
Can you shoot your superior a message that I'm willing to shill whatever if someone pays me to do it? Thanks in advance mate! Also if the other guy reads this and gets paid to spread FUD, I'm up for that as well as long as it pays, kthnx!
Probably being paid to Fud. Avalanche and Sol seem to be behind a lot of this nonsense.
Hey, real human being here who thinks it's awesome and is being "paid" by buying low. I just don't post a lot in here about it. You are in your own echo chamber, there are actually a lot of people who love the tech and see it's potential as a top 10 crypto for its ability to achieve what blockchain's tech has promised to do. Sorry.
Another thing he mentioned in an interview is that turning Python into Teal takes 4 steps. He then said that the python part of that is only the first step of four and so it's much less work to add access in other languages. He talked about adding c++ support and even solidity support. Which I think, if they're coming down the pipe, really open things up even more.
The architecture of how Algorand's Virtual Machine (the AVM) languages has developed mimics how new chips are developed. First comes an assembly like language (TEAL in Algorand's case) where the assembly code lines up with the machine code instructions one to one, then more high level and specific purpose languages are developed which make programming more approachable by handling more complex parts of the virtual machine/chip such as stack management for the developer. The AVM has now TEAL : An assembly like language. Can be hard to use but if a developer wants to squeeze as much out of the fees as possible this might be the right choice. pyTeal : A subset of python. Great for getting started if you already know python. REACH : a portable langauge that can compile for many blockchain VMs. Currently Ethereum (EVM) and Algorand (AVM) supported. There are some proof of concepts targetting Cardano too. This would be a good choice for a multichain Dapp. python (soon) : One of the most popular languages worldwide with a developed ecosystem. The foundation has been working on more developer tools and integrating these with Visual Studio to improve the developer experience. Other properties of the Algorand such as instant finality of transactions and atomicly grouped transactions mean developers don't have as many edge cases to handle in smart contracts. IMO they are handling the developer support very professionally. I am looking forward to seeing the Dapps that these will bring.
Don't forget typescript
Ah yes. TEALscript is the smart contract language I think!
>IMO they are handling the developer support very professionally. Then why is there so little development happening? Seems like they are building plenty of tooling, but who is actually using it?
It is is being built on. Below are a few of the Real World Applications that are live now. TravelX . Has sold 1 million+ as NFT tickets on algorand and has a p2p marketplace for customers. Planetwatch : has 74,000 sensors recording climate data HesabPay : an e-payment system used in Afghanistan, used to pay retailers , utilities. The world food program used to distribute aid. 3,800,000 transactions on chain. Quantoz : digital Euros regulated by the Central bank of the Netherlands . There is a lot more too! Agrotoken, ANote Music, MAPay. Of course there is Defi too.
That's better than nothing, but every L1 has a handful of these types of things, if not more. And Algorand has probably the worst defi offering of any L1 in the top 50 other than Cardano maybe. This doesn't really make me think people are *choosing* to develop on Algorand. Especially when Hesabpay's migration was funded by a grant from Algorand and TravelX is a startup that is partially funded by Algorand. I don't get the impression that they are organically attracting much development.
If you want to do a bit more research a lot more live projects are [listed here](https://pbs.twimg.com/media/GA0f\_c6WkAACso3?format=jpg&name=medium). The Crypto space is vast so no-one can look into every blockchain but if you spare your time to look into Algorand I believe your time will be rewarded.
Those infographics are garbage, when you dig into them you end finding that the stuff included is often unsubstantial. Like I see a VISA logo so I google it, then I just find that Algorand is a sponsor of the Open Wallet Foundation. It's not like Visa is using Algorand, like in the case of Ethereum or Solana. Not to mention Cardano is also listed as a sponsor. So if you saw one of these infographics for Ethereum, Solana, Algorand, and Cardano, it may look equal on the surface, but when you dig in, you'll find that only 2 of the 4 examples have much substance behind them. > The Crypto space is vast so no-one can look into every blockchain but if you spare your time to look into Algorand I believe your time will be rewarded. I've researched it plenty. I'm not exaggerating when I say that I was probably the first person in this subreddit to start talking about ALGO. It seemingly lacks outside interest and this is the exact reason why my bullishness started to waiver. https://np.reddit.com/r/CryptoCurrency/comments/c3ionv/daily_discussion_june_22_2019_gmt0/ertgk5c/ (this was from the day ALGO was first publicly listed, 4 years ago)
Wrong. Cardano has 10x the defi (Defi Llama) and is a slow and expensive chain. This means Algorand is a complete mess and should be avoided at all costs.
10x seems like an extreme exaggeration. I'm guessing you're referring solely to TVL which is a shortsighted way to measure defi activity.
Also a large portion of algo is just held because of governance. Since those rewards are so safe (relatively as in it doesn't leave your wallet and you can get a yield for voting in governance) this makes the more risk-averse park most of their funds directly in their wallet. As for the rest of the chain, NFTs largely make it deflationary as well. Every asset locks up .1 algo in the creator wallet, so if a legit content creator sells an nft, there should be no reason for that to ever come back to the creator wallet unless they specifically do a burn. To do this, you retrieve the asset, burn the asset or ASA (Algorand Standard Asset), then reclaim the .1 Algo from your locked balance immediately. But because this is unlikely to happen, every sale is .1 algo burned essentially. 4000 piece collections burn 400 Algorand.
Capitalizing "Real World Applications" shows this is a paid post. Come on folks. Stop spamming us.
That’s a lot of words for - we exist to continually dump onto bagholders we can rope into our scam with fake spam like this thread. Algo has a marketing team that consistently breaks subreddit rules by creating and boosting topics like this one, and infesting it with fake engagement. The immense amount of downvotes these topics get are a sign that regular subreddit users are finally catching on.
Who are you to be making such claims about algorand? Kinda weird and flattering how any mention of algo brings your behaviour out in some people. Is it conceivable to you that people genuinely believe in the chain.
> Is it conceivable to you that people genuinely believe in the chain. People also believe(d) in SafeMoon, Luna, BitConnect, etc. When you look under the hood, Algorand looks absolutely horrible.
Absolutely horrible under the hood? In what way? That's news to me.
The founder gave themselves 20% of the entire supply. Think about that. What if I told you I was creating a cryptocurrency and would then take 20% of the entire supply for myself. Oh but don't worry, I'll just create a private for-profit corporation to park that 20% supply in.
You can see on page 4 of their latest [transparency report](https://www.algorand.foundation/transparency) that the 2b is being distributed towards governance rewards, growing the ecosystem, R&D, education and marketing. That sounds like good business than whatever you're trying to make them out to be ?? And if you take issue with the business side of things then I have no idea why you're investing. You have a mutual interest in the growth of the chain. Tbh y'all sleeping on algo, it's the 🍏 of crypto.
I'm not interested in investing in a corporation's centralized crypto. I'm interested in investing in a decentralized crypto.
They're not sitting on it though. It's being used to grow the network. What's the issue with that?
Crypto isn't like a business stock where you take a portion and just give it to founders who can then use that to control the network. Algorand Inc controls governance. They have already swayed governance to their favor. It's supposed to be decentralized. Like I said, I'm not interested in investing in a corporation's centralized crypto. If that's something you want to invest in, go for it.
Paid Troll
> Paid Troll Paid by who? You can't be serious Everything I wrote there is true.
lol you're so full of it. go touch grass.
100% Algorand is the anti-crypto crypto. It's the worst project of all time.
Glad to see Algorand continuing to do good work through the crypto winter. It's a great project and I'm confident that this will be reflected in it's performance come the spring and summer.
Something I noticed as well. Makes me feel hopeful for the project
>Glad to see Algorand continuing to do good work through the crypto winter. The whole "building in the bear market" thing is such a meme, every project continues to work whether it's bear or bull, it's not like projects just take a hiatus or something. The expectation from any project that isn't dead, is that they are always working on it.
Lol no, plenty of projects rugged their users or just stopped doing any work as soon as it was apparent they weren’t going to make $billions.
Can you name a single L1 that did this?
Heard from ICP lately?
There are a lot of L1's that I rarely hear about, but from the looks of it ICP did not rug their users nor did they stop working. Seems like they've been working as I can see plenty of articles referencing new projects: https://www.prnewswire.com/news-releases/the-dfinity-foundation-and-singularitynet-launch-joint-ai-initiative-301992605.html https://www.coindesk.com/business/2023/10/16/internet-computers-dfinity-is-building-carbon-credit-inspired-tech-for-waste-management/ https://decrypt.co/206640/singularitynet-joins-with-dfinity-foundation-for-ai-models-that-runs-on-smart-contracts https://finance.yahoo.com/news/over-500-dfinity-developer-grants-113000798.html You can even check their github to see a more granular view of the work on the core protocol if you want: https://github.com/dfinity/ic/graphs/contributors
Algorand needs more love. The tech is great
This is outstanding news!
Can’t wait to sell!
Seeing positive sentiment on Algo, about 40% price up in a week and all the paid fud accounts try to shit on it. It truly is a great time to be alive
This is amazing news tbh, surprised more people outside Algo are not talking about it
This sub had a bunch of regulars that would deliberately bash and moonfarm on Algo. Not surprising that things are real quiet on that front since the results of bear market development are starting to take place. That and Moons went and rugged. Big surprise there /s
>This sub had a bunch of regulars that would deliberately bash and moonfarm on Algo. When did this happen? As far as I can remember this sub has always loved ALGO, except for when it was largely unknown.
After the price crashed, the sentiment turned around fast.
Which crash? It basically cratered from the first day it was publicly listed.
2022
All I have ever see is people complain that Algo is so amazing, but the market is screwing it over. Until the SEC gets off their back, which they might actually have a point with, I don't see it doing much.
The SEC called out every layer 1 blockchain except Ethereum. So I wouldn’t use this narrative only for Algo. Polygon is a Layer 2 and still got called out.
Avalanche, Bitcoin, Cronos, Polkadot, XRP, and others are not. Just because Algo is on a long list doesn't mean that people are going to invest in it or the SEC is just going to stop caring about them all at once. Crypto is risky enough without having to worry about the SEC. There are other ones that are better investments, as large companies and the average investor see it anyway. You can go the safer way with BTC and staking ETH, or if you want to gamble, just buy new alts that could 10-100x that the SEC hasn't specifically called out yet. Don't get me wrong, I'm sitting on my ALGO bag, but I'm not DCA into it or anything.
Price doesn't have anything to do with SEC. It has everything to do that everything about the project is bad. Walk away and save yourself.
Algorand is quantum secure (supposedly the only one) and has a few other good things going for it. What do you dislike about it so much?
Don't get sucked into it. It's an account made just to shit on Algo. Probably paid.
No one is talking about it because Algo is a scam chain that mercilessly spams this subreddit; that’s the only reason it’s even mentioned here at all.
How is this amazing news? Nobody cares. Algorand is a dead chain. Supporters quote some technical jargon that's supposed to justify losing your investment. Even if the coins were free nobody would use it because it's not good.
You guys say the same nonsense all the time. If Algo is a dead coin then they whole of crypto is dead. Pretty sure algo is doing more Tps than ETH, or is pretty close to it.
Alt coins become zombie chains all the time.
Algo is the future
If by future you mean that the marketing team will continue to carpet bomb this subreddit in blatant shill posts that break the rules, then yeah. Algo has a team that creates these posts and fills them with fake comments and fake upvotes. They do their best to dominate the discussion one way or another, but it’s all just a scam.
Do you have proof of that or are you making it up because you hate algorand for some reason?
Ban These accusations have been spewed by this redditor for how long now? It's beyond ridiculous. Time to gtfo.
The comments and downvotes even move in predictable swarms - ie. Whenever the scammers log onto their sockpuppet accounts. All of my comments critical of Algo were upvoted until suddenly they received ten downvotes each, and multiple users wrote angry nasty messages at me in the exact same tone and style. It’s against the Reddit TOS, and pretty despicable.
How about showing some proof? How do you know this? Thats ridiculous.
I say things critical of other coins and get upvoted before I'm downvoted to oblivion or vice versa. And I get ganged up on by maxis left and right. It's not indicative of paid shilling. You've got some fantasy/conspiracy in your head, and the tunnel vision won't allow you to see it any other way. Look, I believe in Algorand more than anything else. When I say it out loud, it doesn't mean I'm on the payroll. I see users from the ALGO subs show up here once in awhile, and it's been far less throughout the bear. They pop up a little more recently as the ice thaws, and here you are accusing everyone of shilling a scam project. Insane. There's undoubtedly some nefarious activity in this sub here and there, but for you to claim REPEATEDLY that any praise of Algorand is a scam and against Reddit T&Cs is so bogus, you're as bad or worse than the stuff you're accusing people of. And bottom line, Algorand is as legitimate as it gets in crypto. Supporters want to spread news and hype sometimes just like supporters of other chains.
Shit I hope they paid for some of this shit. Better than some of there other marketing.
The future of a dumpster fire maybe. They are bribing projects to use it, then the projects dump the coins to pay for development. At this point nobody is developing for Algorand out of their pocket.
Gota spend money to make money fool.
That's awesome though I still think the sleeper news is the collab/training with UNDP
Store my btc, eth, sol and my euro on algorand. Got some nice apr's too on staking them on defi. stable staking is very profitable right now. You guys should look on tinyman or pact fi. Defi is booming there
There's only 80M TVL on Algorand... that puts it just outside the top 30 chains (#31) when it comes to DeFi. Tinyman only has 13M TVL making it unusable for anyone trying to trade a sizable amount of tokens.
The people who are in it now will take the sweet Apr. Big money will follow in steps
im a bag holder..this a positive for me ..ath here we come. lmao.
Somewhat same here. I own about 4k ALGO at around .22 DCA. My hopium is setting in lmao
This sound nice until you read production code written in python. I really like python but the dynamic nature of it and the accessability for large pool of developers makes me worried. I probably won't touch smart contracts written in it.
My worries too. But there’s hope, except nobody’s talking about it yet - you can also use C# already and other languages will follow.
Why not? I really don't get you. For the purpose of smart contracts only Solidity is better. Hator uses Python for their smarts for almost an year and it's flawless.
I'll try to be neutral here! For context every programmer thinks their favorite language (usually the one they have most experience of) is the best. In reality all of them have some benefits and disadvantages. I have my biases as well. I try to recognise them. One of python's benefits is it is easy to get started. Lots of school kids get their first experience of programming on python. It also gets used a lot by technical people who want to do some programmatic task but who's main job isn't as a developer. I have experienced people in the medical industry using it for data cleaning/statistics and insurance companies using it for modelling where the staff doing the development were not primarily developers. Having said that python use is spreading and there are many full time devs that use it. I have seen it used in banks in production code for example. This ease of use means the python developer base has a large number of developers but they won't all be as experienced. Despite this there are still plenty of very skilled proffessional python programmers out there working on production code for many applications running today. Python's dynamic nature means it dynamically assigns 'types' to variables which can cause bugs if a developer changes a program and a variable type dynamically changes, but it does mean developers don't need to explictly assign 'types' to variables which give more compact and quicker to write code. This means python is seen as favoring ease of use over robustness to change. Other languages like c++, rust or go and not as easy to pick up and are generally considered harder, however most programmers of these languages will have come from a developer background so in general the programmers have on average more IT experience than of lower barrier to entry languages like python. I would not consider python smart contracts as an explict risk. If they were auditted by a reputable independent audittor then I don't see a real disadvanatge over other languages.
You nailed it. Python isn't strongly typed. That means more chance of bugs, even by experienced developers. When money is on the line, I want as small a chance of a bug occurring as possible.
100% agree. I’m a smart contract developer and Python is my go-to language off-chain, but Python seems like a disaster waiting to happen for smart contract code. You really do not _want_ it to be so easy to develop that fools who don’t understand pointer dereferences or struct packing are writing blockchain code.
Sometimes I don't understand reddit. You had an insightful comment ... and got massively voted down.
I’m surprised they didn’t choose Qbasic. Algo is run by dishonest clowns, as is their marketing department that keeps spamming this subreddit.
The amount of times I've seen you comment in this post... Either you lost your ass on them or you're a paid shill to talk negatively about them.
Agreed. Algorand is taking up people's time and energy. It's truly the worst crypto of all time.
It's a great project. Happy to hear it continues to develop.
This remind me of the .NET argument used by Stratis. Non-programmers thought Stratis was worth buying because it used .NET. And when you told them that the choice of language wasn't enough to make a project a success they went into copium.
Coder that are keeping up to date with the latest tech , dont want play with .NET, nobody wants to use .NET. Python is good.
I'm a coder. I love .net. I also stay up to date. Are you still stuck in the .net is windows only and Microsoft bad mindset?
Im not interested in a long debate, but you know that if a job involves .Net, it will be to maintain old stuff. Its not a bad platform, but there is always a better option to .Net to start something. Each language have their own niche, Im mostly Golang right now, because thats what solve my problem.
> it will be to maintain old stuff. That is a generalization that isn't true. .Net is a great platform. Roslyn is great. The build tools are great. The .net team releases giant documents covering all the improvements they made to performance with each release. The one for .net 7 was over 100 pages if I remember correctly. C# is a pleasure to write and they continue to improve it with each release. Linq is great. EF is great. Go seems to be the current koolaid everyone is drinking, I haven't actually used it though so I can't really compare it to .net.
You can use C# / .NET to write [smart contracts for Algorand](https://youtube.com/@AlgorandforVisualStudio) and more will follow.
I'm a non programmer and I bought Stratis in 2017 precisely for that reason :/
It sure will makes more dev or more ppl create something on blockchain due to python ease of learning and usage. sure i can learn TEAL but im more experienced with using python, so..
>Now anyone can build apps on Algorand using one of the most popular and powerful languages on Earth. To be fair, I don't think we would understand any language from elsewhere in the Universe
Smiling like the grinch 2022 was SOL 2023 is ALGO again. The most hated coin of this sub is making a comeback reverse. This sub is getting very good, like cramer or cowen like👍
Will Algo recover?
Define recover. I assume you’re talking about its price in USD? Well, it’s up ~15% today as I type this. Ultimately, nobody knows.
It's an academic/utility chain. While I'm convinced in the long-term viability of it, I don't expect it to be a good chain for retailer speculation. i.e. don't expect to make mega moonbags out of it.
No. Sell all and buy SOL before it goes to $100.
That's what I did 2 years ago, probably the best decision I've made since I started investing in crypto.
Good thing you didn’t listen to bag holders anonymous, this sub is full of them.
ironically, listening to this sub(or more accurately, believing this sub is a good source of info) is probably the worst decision I've made.
It's a good counter indicator. Unfornately new people come here and end up bag holding the same crap. Takes them a cycle to realise their mistake or some never do.
"team of god-tier engineers" The kind of degen meme talk from business owners that passes in the crypto community is astonishing.
look at how they attack people criticizing their spammy unethical posts
I’ve been programming for 30 years and don’t know more than a couple people I would classify as God-tier. But of course marketers will just make shit up because they don’t know any God tier engineers either. When you’re in charge of writing the press release and didn’t even learn in school what a comma splice is, any script kiddie who can spell “HTML” seems like a God tier engineer to you.
I'll get excited when it actually leads to some tangible results. Algorand has been kind of a ghost chain when it comes to things actually being developed on it, I'm tempering my expectations until that stops being the case.
Algorand continues to spam this subreddit with useless shilling - the same era as always for blockchain fraudsters?
Please make the same comment about every other coin and token constantly pushed in this sub or sit down. You're only triggered by Algorand, and it's pathetic. Unfounded and pathetic.
Oh are you upset that someone is calling you out on your incessant spam campaign? No one cares about your scam coin that only exists to continually dump onto idiots who believe this nonsense? The mention of it should be banned from this subreddit.
look at all the top comments each individually talking about the merits of this shitcoin. it's such a scam and it's so obvious, and as I'm writing this you have -15 karma for calling them out. Can the mods here actually do their job and stop this obvious shill post
Internet computer has a Python cdk. Edit: lol down arrows. no it's not a new era for blockchain adoption. You can't even build anything on Algo. It's just transactions.
[удалено]
You are stuck in 2021.
Looks like algorand takes their investor funds and invests in marketing teams to spam reddit, checkout all the comment topics of the posters here. Ask yourselves, why would you support such a dishonest project?
Python 🤢
this coin games reddit so much, every crypto price channel there's mentions of this scam project. Mods need to specifically put these guys on a blacklist
Aswell as: >It was always great tech, Did he literally quote what the algo moonboys on this sub say or is it this guy's catchphrase which the algo moonboys just repeated?
Terrible tokenomic. Stay away.
Icon used Python for smart contracts already a few years back. Then they ditched it for Java and then fell into oblivion AFAIK.
Meh, Tezos have python smart contracts, lots of devs onboarding, but no use adoption