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/u/GhostOfMcAfee
Redditor Since June 24, 2021 (592 days old)
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https://www.reddit.com/r/algorand/comments/10uefwb/is_there_a_way_to_calculate_the_true_circulating/

I had an interesting chat with u/d13co about the genesis wallet (link below), which made me wonder, what's the TRUE circulating supply of ALGO? And, how could this be calculated? I suspect it could be substantially less than the 7.222B advertised. So, this all started by discussing the genesis wallet, which is a wallet with unknown keys that proposed the genesis block. I noticed it had a zero balance for a long time, then suddenly got a decent supply of ALGO in 2020. Basically, sending ALGO to it is a burn. Interestingly, over 35k ALGO have been sent to this wallet, including multiple people sending thousands of ALGO, and one brave soul sending over 14k. Those ALGO are lost to eternity. Whoever you are, I salute you for your (unintentional?) burn. [https://flow.algo.surf/address/AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAY5HFKQ](https://flow.algo.surf/address/AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAY5HFKQ) But, How many other ALGO are effectively out of circulating supply? Many, no doubt, are out because some noob lost his keys (check out [Vendible](https://www.vendiblelabs.com/trustible) for how to solve that problem). We will never be able to accurately count that unknown variable. But, there are other ways in which ALGO essentially gets removed from circulating supply. Every wallet must have a minimum balance to transact. That means, unless and until a wallet is closed out, they must have .1 Algo. There are 29.6M wallets currently. So, that's 296K ALGO out of effective circulation. Yeah, not much. But, let's think about it further. Each smart contract, each ASA (including NFTs) also lock up at least 0.1 ALGO for every wallet opted into them. Here is where things get interesting though. For instance, there are currently 6.8M ASAs. Doesn't sound like much, (meh 6.8M \*.01 = 68k) but... how many of us are opted into and holding those ASAs? It's not about the # of ASAs, but how many are opted in to each different one. What is that number? I have no clue. But, we know from Binance's recent adoption of USDCa, this can result in a metric shit ton (technical term) of new wallets and opt ins. And, that's not the end of it. Let's think about the future. For instance, MAPay is supposed to be creating around 100M NFTs for its health care solution. 100M wallets + 100M NFTs \* .01 = 2M ALGO locked up. Okay, now we are getting somewhere. So, my question becomes, how do we calculate TRUE circulating supply? Is there a decent way to calculate how much has been sent to dead wallets + how much is tied up just by wallet creation + how much is tied to ASAs or smart contracts? And, can this be made dynamic? Would be cool if Rand Labs or AlgoScan made this a feature.

posted by /u/GhostOfMcAfee in /r/algorand on February 5, 2023 09:59:43

https://www.reddit.com/r/algorand/comments/zsw9l8/clearing_up_some_misconceptions_about/

Lots of folks here have been claiming that Inc/Foundation are supposedly “dumping” Algos on us. It has been repeated over and without being challenged. But, take a look at the relevant transparency reports and you will see that this is not how structured selling works. Those reports outline important limitations for structured sales. [From The Foundation’s Report](https://www.algorand.foundation/transparency-report-oct-2022) -The seller only makes offers above market price, and doesn't sell into bids. -Daily sales remain materially below a fixed amount set based on medium term volumes, and with the constraint of remaining below 5% of estimated real market volume on any given day. -Automatic halting of sales if —there is a 10% price drops within 24hrs [or] —the price goes below a fixed threshold set based on medium term market conditions [From Inc’s Transparency Report](https://www.algorand.com/resources/algorand-announcements/transparency-report-june-2022) -Algorand will be a Market Maker (never a taker of bids) and will offer its tokens only in the order book. -Algorand will not represent more than 1.5% of the total market volume in any given period. -The 3rd party structured seller has imposed an automatic rule that if the secondary market pricing (as reported on Messari.io) declines by more than 5% from the 7-day moving average, selling will automatically stop and resume when the observed price stabilizes. What that means: Neither Inc nor foundation “dump” Algos by market selling. They cannot be market takers and sell down through bids on the order book. Sales *only* happen when the market price moves *up* to meet their limit order. They are limited in how much volume they can make up in the market. They can only represent a particular fraction of sales on the order book at any given time. And, if price drops by a certain amount, they pull limit orders altogether rather than just reducing their ask price. So, no, they aren’t driving price down by “dumping” on retail.

posted by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 15:41:15

https://www.reddit.com/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/

I do. And, I'm here to lay out a serious and stark picture for you. Nodes are dying left and right. We cannot rely on altruism. Things need to change. Go comment in the ARC about xGovs. Here is the link: [https://github.com/algorandfoundation/ARCs/pull/152](https://github.com/algorandfoundation/ARCs/pull/152). Now, here is more info. I have been pushing NODLing for as long as this sub has known me. I've given away Yieldly (when it was worth a damn). I've bought Pis for people. I've helped make guides. I've tutored others to NODL through one on one walkthroughs. If there is one thing I've consistently done (besides being drunk) it is trying to get people to NODL. I don't think any OG here can dispute this. So, what the fuck am I doing here lighting my hair on fire? Nodes are dying left and right during this bear market. We are now down to under 200 nodes participating in consensus on a trailing 7 day average. That is horrific. And, frankly, we are getting into Sybill attack territory. You may not like it, but you need to fucking hear it. Participation nodes MUST BE INCENTIVIZED AND WE MUST DO BETTER. In the past month, the number of nodes in participation in a trailing 7 day average went from over 300 to under 200. Over a year ago, we were well beyond that. I've audited Algo Inc's nodes and they are at over 33% of online steak. This is fucking embarrassing. Let me say it again. THIS IS EMBARRASSING. OH NO, you say, metrics tell me we are in the thousands of nodes. WRONG! Those are client nodes. Those are nodes for contract calls that don't actually participate in consensus. They run smart contracts but they do not decentralize the network. So, here I am. Being raw and real as fuck. Sac up. Yes, I'm talking to YOU. If you don't have equipment, here is a guided to run a node for free. [https://d13.co/set-up-algorand-participation-node-on-oracle-cloud-free/](https://d13.co/set-up-algorand-participation-node-on-oracle-cloud-free/). If you have equipment, good, I'll help you. But, also, commnent on the ARC. We must have an incentive for nodes. Making nodes a requirement of xGov is a start. Go create a Github Account and make this happen. If this does not happen, we might as well rebrand as HBAR.

posted by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 04:50:43

https://www.reddit.com/r/cade/comments/zdmipt/i_made_my_own_mame_from_scratch/

Found this sub midway through making my own MAME, so I figured I would post my results here along with some lessons I learned. A pretty straightforward setup running on a Pi 4. I used a super cheap and lightweight 32 inch TV as the display. Even though the TV has sound, I opted for a powered computer sound bar coming through the top. It has about 200 games loaded. The frame is constructed of 1/2" MDF and 2x2 and 1x2 furring strips. I opted for 6 button instead of 8 since I found that most games requiring that many buttons are going to also require dual analogs. The underside has a door that opens up to reveal a beer fridge and storage for peripherals for more modern games. Initial cutout wasn't bad. Just be very accurate in your planning. Either use a template with detailed measurements and angles, use SketchUp to create the plans, or draw a very detailed drawing of what you want and the the precise measurements of what each part needs to be. The most labor intensive part was getting everything to look clean/smooth in terms of MDF joints. It's hard to cut perfectly without a CNC. Jigsaws work but they tend to have not cut perfectly straight. Plastic Wood brand filler was great because of how quickly it dried and was ready for sanding. I secured the MDF to the frame with wood glue and some pre sunk screws, so I had some holes to patch. I still prefer this option as I think it resulted in a very sturdy setup that would not cause the wood filler in other places to crack from stress. Also, MDF loves to blow out when drilling, so that was a lot of patching as well. If I did it again, I would always drill with a backer board to prevent blowout (lesson learned). The most technically challenging part was figuring out how to mount the screen. I opted for a setup where it is sandwiched between on each side two pieces of 1/2" depth high quality pine that then tension it with mechanical screws (don't overdo the tension or you can damage your screen). On the edges between those sandwiched pieces are thin strips of pine to prevent horizontal movement. A thin piece of pine also frames the top and bottom of the screen so it has no vertical movement. There was a lot of head scratching and trouble shooting since I did not start out with a start to finish plan when I started building. I doubt it is the most efficient or best build, but I figured I would share it. https://preview.redd.it/20g08zg8q54a1.jpg?width=3024&format=pjpg&auto=webp&s=d0b2b1cef5b7a744d50ec88ec700d88a1d38710e https://preview.redd.it/0r5ef0h8q54a1.jpg?width=3024&format=pjpg&auto=webp&s=338b315689099fd3b707fe53bca8d25f83ba8fd8

posted by /u/GhostOfMcAfee in /r/cade on December 5, 2022 17:39:50

https://www.reddit.com/r/algorand/comments/yyu1oj/i_believe_the_ineligible_whale_is_coinbase/

For those that don’t know, yesterday a group of wallets totaling over 200M Algo went ineligible all around the same time. Yesterday, folks over on the Official sub rightly found that all the funds were swirled around various accounts before landing in this wallet: [UMS6CLM3XGH2WY3UPZ6LTWOVQOA5CX6AG5AITTRQVDULLQLKFVASYU76QI](https://algoexplorer.io/address/UMS6CLM3XGH2WY3UPZ6LTWOVQOA5CX6AG5AITTRQVDULLQLKFVASYU76QI). That is where the trail stopped as of yesterday. However, in the wee hours this morning, that wallet moved 30M Algos to the following wallet: [QTUUGFPXDFHEHSJ733AYB7U7USLA7TX2BKU5LO73J3IZ6OAAINOXE3PXXM](https://algoexplorer.io/address/QTUUGFPXDFHEHSJ733AYB7U7USLA7TX2BKU5LO73J3IZ6OAAINOXE3PXXM). The QTUU wallet then moved those 30M Algos to the following wallet: [GGYZ6WF74FZXPXPURAXRQ7D52BSJLRTXPPNQGV2RUSAVAT3BAQHNTA33J4](https://algoexplorer.io/address/GGYZ6WF74FZXPXPURAXRQ7D52BSJLRTXPPNQGV2RUSAVAT3BAQHNTA33J4). Finally, the GGYZ address in turn sent the 30M Algo to this wallet: [AQ2U3CKZEFWNBF7YFIXY22CIDLOGVKQNKQIUNAVUONR2YACECU6T3BQ4CE](https://algoexplorer.io/address/AQ2U3CKZEFWNBF7YFIXY22CIDLOGVKQNKQIUNAVUONR2YACECU6T3BQ4CE). This is where we get our first real bit of info. The AQ2U wallet almost exclusively interacts with the GGYZ wallet the “Coinbase” and Coinbase Pro” wallets that are named as such in Algoexplorer. In general, the same pattern emerges. GGYZ sends to AQ2U and then AQ2U sends to either Coinbase or Coinbase Pro. Now, this ordinarily be enough. Maybe it’s just a big time trader who uses those platforms. However, interestingly, this time the AQ2U wallet sent the 30M Algo to the following wallet: [MQOZTXRBYZ6JIPGQLNV6Y4REHFKVZKBXKIJVOGEYUDPLQNYZ5YJP72XZOE](https://algoexplorer.io/address/MQOZTXRBYZ6JIPGQLNV6Y4REHFKVZKBXKIJVOGEYUDPLQNYZ5YJP72XZOE). As you can see, that MQOZ wallet has been busy sending out all kinds of random amounts to random wallets. This sure looks like people withdrawing from an exchange. Indeed, I know for a fact that this is a Coinbase wallet that issues customer withdrawals. How do I know? Because on multiple occasions when I’ve withdrawn my Algos after making a buy, they have come from this address.

posted by /u/GhostOfMcAfee in /r/algorand on November 18, 2022 15:40:54

https://www.reddit.com/r/algorand/comments/yxcwwq/the_problem_with_measure_3/

Thankfully, it looks like the Foundation is considering including a "none of the above" option. While I have issues with M1 (shortly: focusing on DeFi while ignoring consensus participation), I have a major problem with the proposed M3 (regarding the Foundation potentially using rewards to buy NFTs. In my opinion, NFT sales should be driven by the collectors who want to buy them, not through a centralized subsidy to create an artificial demand/hype. That's **not** how you create stable markets; rather that is how you create **bubbles**. Moreover, it creates a potential conflict of interest. If the Foundation is picking which projects to buy, and then later promoting them, then it gives the Foundation the power to pick winners and losers ahead of time and orchestrate a pump and dump among various NFT projects. It also creates an information disparity among those on the inside about which NFT series is going to pop next. I'm not saying that the Foundation and those with insider information *definitely* will abuse this power. However, we've seen other projects do it (e.g. Open Sea). In my mind, it is better to design a trustless system (as far as you can do so) rather than one that has deliberately built in mechanisms capable of facilitating shenanigans. After all, aren't trustless systems one of the animating principles of crypto? I do not want to have to trust that the Foundation and the people at it will forever remain immune from the pull of greed. If the Foundation wants to promote NFTs by highlighting projects or overall marketing, that is one thing. But, entering into the business of trading in them is a non-starter for me. Moreover, I find it extremely disappointing that the Foundation would consider buying NFTs (many, though not all, of which are profit seeking projects) and then, presumably, selling them back to Algonauts for a higher price, before they would consider a method for incentivizing those that have purchased equipment and invested time to decentralize the very network that all of this runs on.

posted by /u/GhostOfMcAfee in /r/algorand on November 16, 2022 20:43:13

https://www.reddit.com/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/

So, about four months ago, an Algonaut made post on the official sub (which I cannot link to here because of sub rules) trying to take a stab at figuring out what level of sustained, average TPS the Algorand network would need in order to be self-funding. Not knocking OP. I think he put in some work and was trying to make a good faith guess. Unfortunately, I think there are some significant assumption errors. Those assumptions, I believe, resulted in a highly overstated average TPS estimate. That, in turn, has unfortunately resulted in the post being used several times as a source for FUD (including posts on CC, which I cannot link to because of sub rules) as well as a handful of comments). So, I decided to revisit the issue and provide an alternative estimate. I follow the same structure as the OP. ​ **How much does it cost to incentivize relay nodes?** [Blockdaemon](https://app.blockdaemon.com/) offers to set up a relay node for you for $2,999/ month, or \~$36,000/yr. I also attempted to consider costs if you built one on AWS. For computing, I estimated a [1.4xlarge web computer](https://aws.amazon.com/ec2/pricing/on-demand/) (16 vCPU w/ 32 GB memory) with an on-demand pricing of $0.408/hr\*24\*365 = \~$3,574/yr. For storage, we are currently at [around 1.5TB for mainnet](https://developer.algoscan.app) archival + indexer. I'm going to go with a 3 TB of storage. At a cost of [$0.08/GB/month](https://aws.amazon.com/ebs/pricing/), that results in 3000\*.08\*12 = $2,880/yr. For network throughput, Algorand says during October 2022, main net relays were seeing between [10TB and 30TB of egress per month](https://developer.algorand.org/docs/run-a-node/setup/types/). So, I'm just going with an 30TB plan for throughput. AWS ranges between $.08 and $.12 depending on location and whether it is the first 10TB or the next. I'm just going to assume 30TB/month at the average cost of $.10/GB per month. That works out to $.10\*30,000\*12 = 36,000/yr. So, with this, we have two estimates: \~$36k/year with Blockdaemon and \~$42.5k through AWS. Let's use an average cost of $39.25k/year. (Note: a more accurate number would probably should include a variety of other cloud computing providers as well as costs to do this with hardware rented out at a data center. But, this at least gives us a decent estimate). Next, how many relays do we need? OP assumed we need 10,000 relay nodes to "achieve decentralization" based on a comparison to Bitcoin and Ethereum nodes. The problem in this assumption, however, is that relay nodes don't actually participate in consensus by proposing or voting on blocks. Instead, they act to allocate network traffic to the participation nodes. Relay nodes could not conspire to double spend. At best, they could slow the network a bit (but to what end?). So long as enough honest relays remain to allocate traffic, the network continues. So, really, the issue of having sufficiently decentralized relays is about (1) opening them up so that they can be permissionless; and (2) ensuring there are a sufficiently large number that are globally distributed such that outages of even a large number of relays would not meaningfully slow the network. The first issue is being worked on through the community relay node program. The second issue is more of a judgment call. Right now, it works flawlessly with 100 relays. If the current 100 relays were entirely permissionless and community run, I doubt people would say this is a centralization problem. So again, what number do we think is a good minimum? My suggestion is 200. Why? Because it is a number that would ensure the number of newly added permissionless relays is comparable to those run by early adopters/insiders. Further, it adds a 100% redundancy to a system that has already shown itself to be incredibly resilient. So 200 relays \* $39.25k = $7,870,000/year. Finally, I'm going to add a 15% "profit factor" onto this since I don't think that merely breaking even is enough given how different it is from a participation node. Instead, there should be an economic incentive to run them. So, $7.87M \* 1.15 = $9,050,500. ​ **How much does it cost to incentivize participation nodes?** First comes the question of whether we must do this. Running a participation node is a relatively modest cost both in terms of money and time. Individuals and institutions with a significant stake are inherently incentivized to run participation node to secure the network, especially given the PPoS model. That is in part why even without incentives, Algo has [over 1,600 participation nodes](https://metrics.algorand.org/#/decentralization/), while incentivized chains with larger market caps that use a different PoS model still either have less nodes or don't outpace Algo by some crazy amount (e.g. [Cardano at \~2,500](https://cardano.stackexchange.com/questions/7797/how-many-validator-nodes-on-cardano); [Solana at \~1,900](https://solana.com/news/validator-health-report-august-2022); [Avalanche at \~1,200](https://stats.avax.network/dashboard/network-status/)). But, let's start from the assumption that you need to make it so that some minimum number of participation nodes should break even. So, how much does it cost? Well, if you want to be really frugal, the answer is $0. Yes, you read that right. ***You can run a participation node for absolutely no cost.*** How you say? Well, give thanks to u/d13co for putting together [this guide on how to run a participation node for free](https://d13.co/set-up-algorand-participation-node-on-oracle-cloud-free/) on Oracle Cloud's basic free cloud computing service. There are other free cloud computing services that may work. Zero dollars on a cloud is nice, but it's not ideal for **all** nodes to be on cloud servers since that creates a problem if a big cloud provider goes down for a bit of time. So let's consider hardware nodes. Currently Raspberry Pi's with 8gb of RAM will suffice (though they will struggle after the upgrade to 6k TPS). Given that, let's try to plan for future proofing. Further, let's assume we want at least 2/3rds of all participation nodes to be hardware nodes. Let's assume we are running the participation node on a dedicated mini-pc that far exceeds current requirements. You can get those for less than [$600](https://www.newegg.com/asus-pn50-business-desktops-workstations/p/1VK-001S-00KY6?Description=ASUS%20PN50%20Mini%20PC,%20AMD%20Ryzen%207%204700U%20Upto%204.1GHz,%2016GB%20RAM,%20512GB%20NVMe%20SSD%20+%201TB%20HDD,%20HDMI,%20DIsplayPort,%20DisplayPort%20via%20USB-C,%20Card%20Reader,%20Wi-Fi,%20Bluetooth,%20Windows%2011%20Pro&cm_re=ASUS_PN50%20Mini%20PC,%20AMD%20Ryzen%207%204700U%20Upto%204.1GHz,%2016GB%20RAM,%20512GB%20NVMe%20SSD%20+%201TB%20HDD,%20HDMI,%20DIsplayPort,%20DisplayPort%20via%20USB-C,%20Card%20Reader,%20Wi-Fi,%20Bluetooth,%20Windows%2011%20Pro-_-9SIAA0SJJ03086-_-Product&quicklink=true). Let's also include a conservative estimated life cycle of 5 years. Let's also consider a [normal stress load of 18W](https://www.kitguru.net/desktop-pc/andrew-munro/asus-pn50-mini-pc-review/4/) and a current [average kWh price of $0.167](https://www.bls.gov/regions/midwest/data/averageenergyprices_selectedareas_table.htm). I'm going to assume an average internet cost of $0. Given the high capacity of internet connections now for things like streaming, most people don't need to buy extra internet connection for participation nodes. If bandwidth is an issue such that it costs a lot, see the immediately preceding paragraphs about how to run a node for $0 on a cloud server. So, the conservative cost of equipment amortized over 5 years is $600/5 years=$120/yr. Expected electricity cost is (18w\*24hrs)/1000 = 0.432kWh \* 365 days \* $0.167/kWh = $26.33. Total cost per year for the hardware node: $146.33. Now, how many participation nodes do we comfortably need as a minimum? OP, for some reason, assumed we need 50k participation nodes without any real explanation. This seems like a massive overshot. Figuring out a more precise answer probably involves an evolving answer based on continually calculating the Nakamoto Coefficient. But, that's a complex and moving target. So, instead, I'll look to BTC. Currently, there are around [15.5k Bitcoin nodes](https://bitnodes.io). Now, again lets assume a 1/3 to 2/3 breakdown between free cloud and paid hardware nodes. Now, we calculate the cost (5,166 \* $0) + (10,333\*146.33) = \~$1,512,000 ​ **What is the cost of running Algorand Inc and Algorand Foundation?** Zero dollars. OP assumed that the fee sink should be funding the Inc and Foundation long term. That, I think, is one of the biggest flaws. Algorand Inc. is not supposed to get money from the fee sink. Instead, it received seed funding of 2B Algo at genesis and over time is meant to be self-sustaining through it's own business activities such as partnerships, providing enterprise solutions, and its ownership of other projects (e.g. music streaming service [Napster](https://medium.com/algorand/napster-continues-to-be-on-the-front-line-of-music-innovation-ac9ef000bd39)). The Algorand Foundation is a not-for-profit organization focused on supporting open-source community development on the Algorand ecosystem. It was funded with 500M Algos and given charge of rewards to dole out. It funds its operations with those initial 500M Algo. They make some money by loaning those Algos out. But, ultimately it is not necessary beyond 2030. By then, all grants and other ecosystem rewards under the Foundation's control will be exhausted and it's purpose is essentially at an end. ​ **Combined:** Finally we can calculate the average yearly cost to keep the network going. Again, this assumes we must pay participation nodes, which is a very heavy assumption. However, with that, we get $9,050,500 + $1,512,000 + $0 = $10,201,700/year. So, what TPS do we need to sustain that? Well, instead of prognosticating on where price should be, let's lay out some various scenarios ranging from our current terrible bear market price to all the way to hyper-optimistic ranges. **Scenario 1**: $0.37 (Current price) = $10,201,700/(.37\*60\*60\*24\*365\*0.001)= 874 TPS. **Scenario 2**: $1 (a nice round number) = 323 TPS **Scenario 3:** $1.38 (Algo price at current Cardano Market Cap, which we were at as recently as January this year ) = 234 TPS **Scenario 4**: $3 (near Algo's prior ATH) = 108 TPS **Scenario 5**: $8.77 (Algo price at Cardano ATH Market Cap) = 37 TPS **Scenario 6:** $18.86 (Algo price at current Ethereum Market Cap) = 17 TPS **Scenario 7**: $57.17 (Algo price at Ethereum ATH Market Cap) = 6 TPS ​ **Closing Thoughts:** The amounts above are based on current requirements. If before 2030 we upped our TPS to 46k and lowered our finality times to 2.2 seconds, the storage and bandwidth requirements for relays would significantly increase. However, before we even get to that point where that is needed, we would already far exceed the average TPS needed to be more than self-sustaining even at the current bear market price. What does all of this mean? Obviously, it means we need several more partnerships to increase our average TPS. We have years to do it. Things like FIFA will help, but we need more than that. However, given how cheap and easy Algo is to use, it is easily doable. Something like an NFT ticketing system would easily take us to extreme highs in terms of average TPS. But again, this is why I consistently think we need to focus more on increasing usage and increasing TPS rather than focusing on TVL. Institutional adoption that involves usage for real world solutions is where success is found.

posted by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 00:54:03

https://www.reddit.com/r/algorand/comments/ylnqks/revisited_what_tps_does_algorand_need_to_be/

So, about four months ago, an Algonaut made [this post on the official sub](https://www.reddit.com/r/AlgorandOfficial/comments/vvxb9e/what_tps_does_algorand_need_to_be_sustainable_by) trying to take a stab at figuring out what level of sustained, average TPS the Algorand network would need in order to be self-funding. Not knocking OP. I think he put in some work and was trying to make a good faith guess. Unfortunately, I think there are some significant assumption errors. Those assumptions, I believe, resulted in a highly overstated average TPS estimate. That, in turn, has unfortunately resulted in the post being used several times as a source for FUD ([such as this](https://www.reddit.com/r/CryptoCurrency/comments/w6z0lx/why_max_supply_is_often_a_lie) post on CC as well as a handful of comments). So, I decided to revisit the issue and provide an alternative estimate. I follow the same structure as the OP. ​ **How much does it cost to incentivize relay nodes?** [Blockdaemon](https://app.blockdaemon.com/) offers to let you set up a relay node for you for $2,999/ month, or \~$36,000/yr. I also attempted to consider costs if you built one on AWS. For computing, I estimated a [1.4xlarge web computer](https://aws.amazon.com/ec2/pricing/on-demand/) (16 vCPU w/ 32 GB memory) with an on-demand pricing of $0.408/hr\*24\*365 = \~$3,574/yr. For storage, we are currently at [around 1.5TB for mainnet](https://developer.algoscan.app) archival + indexer. I'm going to go with a 3 TB of storage. At a cost of [$0.08/GB/month](https://aws.amazon.com/ebs/pricing/), that results in 3000\*.08\*12 = $2,880/yr. For network throughput, Algorand says during October 2022, main net relays were seeing between [10TB and 30TB of egress per month](https://developer.algorand.org/docs/run-a-node/setup/types/). So, I'm just going with an 30TB plan for throughput. AWS ranges between $.08 and $.12 depending on location and whether it is the first 10TB or the next. I'm just going to assume 30TB/month at the average cost of $.10/GB per month. That works out to $.10\*30,000\*12 = 36,000/yr. So, with this, we have two estimates: \~$36k/year with Blockdaemon and \~$42.5k through AWS. Let's use an average cost of $39.25k/year. (Note: a more accurate number would probably should include a variety of other cloud computing providers as well as costs to do this with hardware rented out at a data center. But, this at least gives us a decent estimate). Next, how many relays do we need? OP assumed we need 10,000 relay nodes to "achieve decentralization" based on a comparison to Bitcoin and Ethereum nodes. The problem in this assumption, however, is that relay nodes don't actually participate in consensus by proposing or voting on blocks. Instead, they act to allocate network traffic to the participation nodes. Relay nodes could not conspire to double spend. At best, they could slow the network a bit (but to what end?). So long as enough honest relays remain to allocate traffic, the network continues. So, really, the issue of having sufficiently decentralized relays is about (1) opening them up so that they can be permissionless; and (2) ensuring there are a sufficiently large number that are globally distributed such that outages of even a large number of relays would not meaningfully slow the network. The first issue is being worked on through the community relay node program. The second issue is more of a judgment call. Right now, it works flawlessly with 100 relays. If the current 100 relays were entirely permissionless and community run, I doubt people would say this is a centralization problem. So again, what number do we think is a good minimum? My suggestion is 200. Why? Because it is a number that would ensure the number of newly added permissionless relays is comparable to those run by early adopters/insiders. Further, it adds a 100% redundancy to a system that has already shown itself to be incredibly resilient. So 200 relays \* $39.25k = $7,870,000/year. Finally, I'm going to add a 15% "profit factor" onto this since I don't think that merely breaking even is enough given how different it is from a participation node. Instead, there should be an economic incentive to run them. So, $7.87M \* 1.15 = $9,050,500. ​ **How much does it cost to incentivize participation nodes?** First comes the question of whether we must do this. Running a participation node is a relatively modest cost both in terms of money and time. Individuals and institutions with a significant stake are inherently incentivized to run participation node to secure the network, especially given the PPoS model. That is in part why even without incentives, Algo has [over 1,600 participation nodes](https://metrics.algorand.org/#/decentralization/), while incentivized chains with larger market caps that use a different PoS model still either have less nodes or don't outpace Algo by some crazy amount (e.g. [Cardano at \~2,500](https://cardano.stackexchange.com/questions/7797/how-many-validator-nodes-on-cardano); [Solana at \~1,900](https://solana.com/news/validator-health-report-august-2022); [Avalanche at \~1,200](https://stats.avax.network/dashboard/network-status/)). But, let's start from the assumption that you need to make it so that some minimum number of participation nodes should break even. So, how much does it cost? Well, if you want to be really frugal, the answer is $0. Yes, you read that right. ***You can run a participation node for absolutely no cost.*** How you say? Well, give thanks to u/d13co for putting together [this guide on how to run a participation node for free](https://d13.co/set-up-algorand-participation-node-on-oracle-cloud-free/) on Oracle Cloud's basic free cloud computing service. There are other free cloud computing services that may work. Zero dollars on a cloud is nice, but it's not ideal for **all** nodes to be on cloud servers since that creates a problem if a big cloud provider goes down for a bit of time. So let's consider hardware nodes. Currently Raspberry Pi's with 8gb of RAM will suffice (though they will struggle after the upgrade to 6k TPS). Given that, let's try to plan for future proofing. Further, let's assume we want at least 2/3rds of all participation nodes to be hardware nodes. Let's assume we are running the participation node on a dedicated mini-pc that far exceeds current requirements. You can get those for less than [$600](https://www.newegg.com/asus-pn50-business-desktops-workstations/p/1VK-001S-00KY6?Description=ASUS%20PN50%20Mini%20PC,%20AMD%20Ryzen%207%204700U%20Upto%204.1GHz,%2016GB%20RAM,%20512GB%20NVMe%20SSD%20+%201TB%20HDD,%20HDMI,%20DIsplayPort,%20DisplayPort%20via%20USB-C,%20Card%20Reader,%20Wi-Fi,%20Bluetooth,%20Windows%2011%20Pro&cm_re=ASUS_PN50%20Mini%20PC,%20AMD%20Ryzen%207%204700U%20Upto%204.1GHz,%2016GB%20RAM,%20512GB%20NVMe%20SSD%20+%201TB%20HDD,%20HDMI,%20DIsplayPort,%20DisplayPort%20via%20USB-C,%20Card%20Reader,%20Wi-Fi,%20Bluetooth,%20Windows%2011%20Pro-_-9SIAA0SJJ03086-_-Product&quicklink=true). Let's also include a conservative estimated life cycle of 5 years. Let's also consider a [normal stress load of 18W](https://www.kitguru.net/desktop-pc/andrew-munro/asus-pn50-mini-pc-review/4/) and a current [average kWh price of $0.167](https://www.bls.gov/regions/midwest/data/averageenergyprices_selectedareas_table.htm). I'm going to assume an average internet cost of $0. Given the high capacity of internet connections now for things like streaming, most people don't need to buy extra internet connection for participation nodes. If bandwidth is an issue such that it costs a lot, see the immediately preceding paragraphs about how to run a node for $0 on a cloud server. So, the conservative cost of equipment amortized over 5 years is $600/5 years=$120/yr. Expected electricity cost is (18w\*24hrs)/1000 = 0.432kWh \* 365 days \* $0.167/kWh = $26.33. Total cost per year for the hardware node: $146.33. Now, how many participation nodes do we comfortably need as a minimum? OP, for some reason, assumed we need 50k participation nodes without any real explanation. This seems like a massive overshot. Figuring out a more precise answer probably involves an evolving answer based on continually calculating the Nakamoto Coefficient. But, that's a complex and moving target. So, instead, I'll look to BTC. Currently, there are around [15.5k Bitcoin nodes](https://bitnodes.io). Now, again lets assume a 1/3 to 2/3 breakdown between free cloud and paid hardware nodes. Now, we calculate the cost (5,166 \* $0) + (10,333\*146.33) = \~$1,512,000 ​ **What is the cost of running Algorand Inc and Algorand Foundation?** Zero dollars. OP assumed that the fee sink should be funding the Inc and Foundation long term. That, I think, is one of the biggest flaws. Algorand Inc. is not supposed to get money from the fee sink. Instead, it received seed funding of 2B Algo at genesis and over time is meant to be self-sustaining through it's own business activities such as partnerships, providing enterprise solutions, and its ownership of other projects (e.g. music streaming service [Napster](https://medium.com/algorand/napster-continues-to-be-on-the-front-line-of-music-innovation-ac9ef000bd39)). The Algorand Foundation is a not-for-profit organization focused on supporting open-source community development on the Algorand ecosystem. It was funded with 500M Algos and given charge of rewards to dole out. It funds its operations with those initial 500M Algo. They make some money by loaning those Algos out. But, ultimately it is not necessary beyond 2030. By then, all grants and other ecosystem rewards under the Foundation's control will be exhausted and it's purpose is essentially at an end. ​ **Combined:** Finally we can calculate the average yearly cost to keep the network going. Again, this assumes we must pay participation nodes, which is a very heavy assumption. However, with that, we get $9,050,500 + $1,512,000 + $0 = $10,201,700/year. So, what TPS do we need to sustain that? Well, instead of prognosticating on where price should be, let's lay out some various scenarios ranging from our current terrible bear market price to all the way to hyper-optimistic ranges. **Scenario 1**: $0.37 (Current price) = $9,201,700/(.37\*60\*60\*24\*365\*0.001)= 874 TPS. **Scenario 2**: $1 (a nice round number) = 323 TPS **Scenario 3:** $1.38 (Algo price at current Cardano Market Cap, which we were at as recently as January this year ) = 234 TPS **Scenario 4**: $3 (near Algo's prior ATH) = 108 TPS **Scenario 5**: $8.77 (Algo price at Cardano ATH Market Cap) = 37 TPS **Scenario 6:** $18.86 (Algo price at current Ethereum Market Cap) = 17 TPS **Scenario 7**: $57.17 (Algo price at Ethereum ATH Market Cap) = 6 TPS ​ **Closing Thoughts:** The amounts above are based on current requirements. If before 2030 we upped our TPS to 46k and lowered our finality times to 2.2 seconds, the storage and bandwidth requirements for relays would significantly increase. However, before we even get to that point where that is needed, we would already far exceed the average TPS needed to be more than self-sustaining even at the current bear market price. What does all of this mean? Obviously, it means we need several more partnerships to increase our average TPS. We have years to do it. Things like FIFA will help, but we need more than that. However, given how cheap and easy Algo is to use, it is easily doable. Something like an NFT ticketing system would easily take us to extreme highs in terms of average TPS. But again, this is why I consistently think we need to focus more on increasing usage and increasing TPS rather than focusing on TVL. Institutional adoption that involves usage for real world solutions is where success is found.

posted by /u/GhostOfMcAfee in /r/algorand on November 3, 2022 23:34:06
Top
/r/algorand/comments/10uefwb/is_there_a_way_to_calculate_the_true_circulating/j7c9eh6/

Thought experiment Circulating supply = 10B Tradable Circulating Supply = 1M Do you see why knowing that would be valuable?

Commented by /u/GhostOfMcAfee in /r/algorand on February 5, 2023 13:54:31
/r/algorand/comments/10uefwb/is_there_a_way_to_calculate_the_true_circulating/j7c2cfv/

Fine. Let's use the words Tradable Circulating Supply. Is that sufficient?

Commented by /u/GhostOfMcAfee in /r/algorand on February 5, 2023 13:08:08
/r/algorand/comments/10uefwb/is_there_a_way_to_calculate_the_true_circulating/j7byf3v/

Agreed. Better term. I'm talking about ALGO capable of being moved/sold as of the current block.

Commented by /u/GhostOfMcAfee in /r/algorand on February 5, 2023 12:42:12
/r/algorand/comments/10uefwb/is_there_a_way_to_calculate_the_true_circulating/j7bwolv/

again, you are missing the issue. Just because an ALGO is injected into the ecosystem does not mean it is capable of being sold. If all Algo are locked in smart contracts and ASAs such that literally nobody can execute a contract, what is the circulating supply? Yes, it is farfetched, but that's the point of thought experiments. My point is that true circulating supply needs to account for Algos that are locked up. Unless and until they get freed, they are not capable of being sold.

Commented by /u/GhostOfMcAfee in /r/algorand on February 5, 2023 12:30:36
/r/algorand/comments/10uefwb/is_there_a_way_to_calculate_the_true_circulating/j7brq8g/

Yeah, but you could always just destroy the asset too, so at that point, you are back at current numbers. I guess the more pointed question is, how much right now at this instant could be sold? Unless and until an an opt out or close out happens, those locked Algos are off the market. That's the question/issue. And yes. Agree. You will never know lost keys. That's a speculative fool's errand.

Commented by /u/GhostOfMcAfee in /r/algorand on February 5, 2023 11:57:17
/r/algorand/comments/10uefwb/is_there_a_way_to_calculate_the_true_circulating/j7bmlf3/

You are misreading what I'm saying. I said the fact of a premise is irrelevant. As a thought experiment, imagine a scenario where 100% of total supply is completely committed and unmovable because it is needed for minimum wallet commitments or ASA/contract lockups. At that point, the circulating supply is effectively zero because nobody could pay the transaction fee to unlock their assets ro send their Algo. So, my point is that unless and until that an Algo is uncommitted either to a wallet, ASA, for contract, it is effectively out of circulating supply.

Commented by /u/GhostOfMcAfee in /r/algorand on February 5, 2023 11:22:11
/r/algorand/comments/10uefwb/is_there_a_way_to_calculate_the_true_circulating/j7bkske/

I suspect there is a roughly accurate way to calculate it. Everything is on chain and discoverable. The only unknown is lost keys. Everything else should be discoverable. And no pre mining doesn’t mean it’s realistically circulating. Until opt out, it is locked and not truly circulating. Gedankenexperiment: All Algo in existence are locked by being fully opted into a contract or ASA. Nobody can pay for network transactions. What is the circulating supply? Answer = zero.

Commented by /u/GhostOfMcAfee in /r/algorand on February 5, 2023 11:09:29
/r/algorand/comments/10uefwb/is_there_a_way_to_calculate_the_true_circulating/j7biz5o/

You are correct. I mistyped it. Thank you for the correction. Not sure how it happened.

Commented by /u/GhostOfMcAfee in /r/algorand on February 5, 2023 10:56:40
/r/algorand/comments/10uefwb/is_there_a_way_to_calculate_the_true_circulating/j7bigvm/

the .1 to .01 was a typing error. The 20M number should be correct.

Commented by /u/GhostOfMcAfee in /r/algorand on February 5, 2023 10:53:04
/r/algorand/comments/10sd0e5/the_craziest_vanity_address_ive_seen/j74x5nq/

[https://flow.algo.surf](https://flow.algo.surf) D13 made it. It's a sleuthing tool. It helps a bit in tracking down connected wallets, identifying exchanges, etc.

Commented by /u/GhostOfMcAfee in /r/algorand on February 3, 2023 21:25:42
/r/algorand/comments/10sqqn9/are_deridex_smart_contracts_audited/j74wyik/

True. But at least its gives some additional level of peace of mind.

Commented by /u/GhostOfMcAfee in /r/algorand on February 3, 2023 21:24:06
/r/algorand/comments/10smm1v/new_cmo_said_hi_to_me_i_feel_so_special/j73385b/

Don’t feel bad. Have fun with it. Message back some dumb stuff like “ausaaam bobs.”

Commented by /u/GhostOfMcAfee in /r/algorand on February 3, 2023 13:49:23
/r/algorand/comments/10sqqn9/are_deridex_smart_contracts_audited/j7327do/

Not that I’m aware of. It’s certainly not on their website and I can’t find anything when searching for it. I would be cautious and not YOLO into it.

Commented by /u/GhostOfMcAfee in /r/algorand on February 3, 2023 13:42:52
/r/nhl/comments/10sjy2h/since_yall_love_the_dallas_bench_chick_heres_a/j72mq4x/

But we need to get this off our chest.

Commented by /u/GhostOfMcAfee in /r/nhl on February 3, 2023 12:05:37
/r/algorand/comments/10sd0e5/the_craziest_vanity_address_ive_seen/j70u5h8/

That's why I was so confused by it. Shaper obviously has the right answer. I just didn't think of the obvious.

Commented by /u/GhostOfMcAfee in /r/algorand on February 3, 2023 01:47:18
/r/algorand/comments/10sd0e5/the_craziest_vanity_address_ive_seen/j70s95e/

That's a relief and makes sense as they don't have any outflows. I just nearly shit a brick upon seeing it. Didn't even think of the likely explanation that they just plunked down an address name for fun. I guess I've been successfully trolled.

Commented by /u/GhostOfMcAfee in /r/algorand on February 3, 2023 01:25:22
/r/algorand/comments/10rw0cr/can_anyone_help_me_understand_this_transaction_on/j6xx67a/

It’s possible they know the application is a staking contract and so they code the transactions out from that ID as being staking.

Commented by /u/GhostOfMcAfee in /r/algorand on February 2, 2023 12:55:31
/r/pics/comments/10r48l9/one_of_my_many_blessings/j6uio5g/

This guy will survive the apocalypse.

Commented by /u/GhostOfMcAfee in /r/pics on February 1, 2023 18:48:20
/r/algorand/comments/10q0bp2/akita_kennel_club_gen_2_update/j6qzq06/

You're welcome. youtube.com testing automod

Commented by /u/GhostOfMcAfee in /r/algorand on February 1, 2023 02:15:38
/r/algorand/comments/10psu6k/amazing_this_gamefi_platform_account_for_40_of/j6qygmo/

testing automod. You're welcome.

Commented by /u/GhostOfMcAfee in /r/algorand on February 1, 2023 01:59:51
/r/algorand/comments/10psu6k/amazing_this_gamefi_platform_account_for_40_of/j6qwh7f/

testing auto mod for an unrelated reason. You're welcome. youtube.com

Commented by /u/GhostOfMcAfee in /r/algorand on February 1, 2023 01:36:17
/r/algorand/comments/10paxje/help_algorand_rewards_on_ledger/j6k3vdr/

Poor guy. Imagine finding out you missed out on six governance periods worth of rewards. Big oof

Commented by /u/GhostOfMcAfee in /r/algorand on January 30, 2023 17:04:19
/r/algorand/comments/10oueun/the_feds_decision_probably_working_on_their_own/j6ifkkz/

Agreed. And they are seemingly contradictory, or at least ill informed, in what they want. They actually talk about using a public blockchain, but they list of things they want in terms of control means it’s not really public. Likewise they say they don’t want people to hold assets or wallet’s directly with the FED. That, to me, seems nonsensical as that’s not really how blockchain works. Wallets just hold assets, it’s not held “with” any particular entity. It’s like they want a two tiered system where they issue digital dollars on a main system to banks, then banks operate on a second layer. I read their whole paper and was left with the impression that they are trying to impose the same old monetary rules onto a system that doesn’t play well with those old rules. As a result I highly doubt the U.S. ends up with a CBDC. Instead it will be regulated stablecoins.

Commented by /u/GhostOfMcAfee in /r/algorand on January 30, 2023 10:47:51
/r/algorand/comments/10oy622/i_refuse_to_believe_that_this_monthly_candle_will/j6ibolk/

Please try to keep posts like this in the weekly discussion thread. You, post a ton of short term price action (eg BTC is going to break X price this week) and trolly type posts (eg thanks for selling weak hands) on the main boards that get taken down. But you don’t take the hint. I appreciate your enthusiasm, and if you have a long TA based price discussion that’s one thing, but there is a reason that stuff like this is supposed to be confined to the weekly discussion thread.

Commented by /u/GhostOfMcAfee in /r/algorand on January 30, 2023 10:21:44
/r/algorand/comments/10oejvo/mapping_out_the_anirand_rug_pull_with_algo_surf/j6ha4kf/

About 3hrs all told if I guessed. It was more ,but I had divided attention.

Commented by /u/GhostOfMcAfee in /r/algorand on January 30, 2023 03:51:04
/r/algorand/comments/10oueun/the_feds_decision_probably_working_on_their_own/j6gx7iw/

just my personal opinion, but the FED don't know what the fuck it wants. They refuse to give up any control which tells me USDC is the de facto US Stablecoin.

Commented by /u/GhostOfMcAfee in /r/algorand on January 30, 2023 01:05:30
/r/algorand/comments/10oejvo/mapping_out_the_anirand_rug_pull_with_algo_surf/j6gj62z/

Slow rug is just another name for a poorly developed, overpriced project. There will be MANY of those and there isn't much of a way to avoid those besides due diligence like you would a traditional investment. Avoiding hard rugs is easier. Much of it involves avoiding any project where the developers aren't known, or relatively easily unmasked so that the pitchfork bearing rabble can either turn them in to authorities or deliver vigilante justice. If I couldn't find you and punch you in the face a few times or get the police to drag you out of your house, I'm not going to give it a second look.

Commented by /u/GhostOfMcAfee in /r/algorand on January 29, 2023 22:54:01
/r/algorand/comments/10oejvo/mapping_out_the_anirand_rug_pull_with_algo_surf/j6ghch0/

Sorry mate. It's good to be cautious. I stayed far away from it because it lacked doxxed devs or any other breadcrumbs that could make for easy ID of the project. I decided to look at Anirand because it was the biggest and slickest rug by far. I just wanted to show off some basic sleuthing skills people can employ with free tools. The more informed people are and the methods to bring transparency the better.

Commented by /u/GhostOfMcAfee in /r/algorand on January 29, 2023 22:39:56
/r/algorand/comments/10oejvo/mapping_out_the_anirand_rug_pull_with_algo_surf/j6fqq9z/

Thank you. Visualizing it in a flow chart like this always helps me get a better picture.

Commented by /u/GhostOfMcAfee in /r/algorand on January 29, 2023 19:36:33
/r/algorand/comments/10oejvo/mapping_out_the_anirand_rug_pull_with_algo_surf/j6eze1v/

No. I haven’t. I’ll have to check it out. I know I was blown away by the visual somebody posted here around a week ago that visually represented all the development in Algorand’s GitHub.

Commented by /u/GhostOfMcAfee in /r/algorand on January 29, 2023 16:44:43
/r/algorand/comments/10nn4in/feedback_requested_algorand_adoption_dapp_impact/j6bnn4a/

good bot. Thank you for promoting good vibes.

Commented by /u/GhostOfMcAfee in /r/algorand on January 28, 2023 23:21:43
/r/AlgorandOfficial/comments/10nx76k/feedback_requested_algorand_adoption_dapp_impact/j6blcsj/

You haven't heard of it because it just launched. They aren't asking you to buy a token. The lady made a site that provides info and she is asking for feedback on how to provide better info. Have you done your own research?

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 28, 2023 23:03:14
/r/algorand/comments/10nn4in/feedback_requested_algorand_adoption_dapp_impact/j6bbk0u/

No problem. I am always happy to promote community developers and help them build and connect in any way I can. I can't code for shit, but I can help in other ways. Each new project builds off others before it. I admire the work you put into AlgoTables and appreciate you for putting it out there. I know that was a labor of love.

Commented by /u/GhostOfMcAfee in /r/algorand on January 28, 2023 21:42:53
/r/algorand/comments/10nn4in/feedback_requested_algorand_adoption_dapp_impact/j69ykwz/

A couple pieces of feedback: \-It would be nice to be able to click transactions/blocks and have them expand the details and/or link to the details on Algoexplorer or Algoscan \-I noticed you log transactions for Algomart, but not any other NFT market place. I assume there is a lot of chain volume you are missing from things like AB2, Rand, ALGOxNFT, Zest, Dartroom, etc. \- It might be helpful to be able to have the ability to toggle back to more than 50 blocks (e.g. the ability to look at chain volume in the last 50, 100, 500, and 1000 blocks). No idea if the juice is worth the squeeze on that, but just a thought. \-Have you considered a feed back option where people can send you contract IDs for what users suspect are dApp contract IDs and their reasoning for it. \- u/jeffscoolusername has built out a lot of this info in [https://algotables.github.io](https://algotables.github.io). Might be some cool collaboration possible. \- likewise, u/d13co is doing work on a chain sleuthing tool called [https://flow.algo.surf](https://flow.algo.surf). There might be some ways you can help each other out

Commented by /u/GhostOfMcAfee in /r/algorand on January 28, 2023 15:37:21
/r/algorand/comments/10nn4in/feedback_requested_algorand_adoption_dapp_impact/j69oaed/

"It's dangerous to go alone! Take this." (+1 Karma) I unlocked the post because Karma limits are meant to keep out bots/brigading; it's not meant to stop devs trying to build things.

Commented by /u/GhostOfMcAfee in /r/algorand on January 28, 2023 14:25:41
/r/algorand/comments/10n5exw/the_people_who_said_we_were_going_to_10c_are/j67ix69/

At least it's funny for a price chart post.

Commented by /u/GhostOfMcAfee in /r/algorand on January 28, 2023 02:19:28
/r/algorand/comments/10mrxbo/opinions_on_venueone/j65tupo/

Well, if the odds aren’t recalculated, then yeah, it provides an opportunity for exploitation. I don’t know how their systems work. Are they actually posting odds and acting as a maker? Is it just a self balancing thing where winning pool takes the losing pool and divvies it up proportionally? I assume it has to be the latter, otherwise they would have a huge incentive to close that potential exploit. But yeah, if this is just a self balancing thing, then you could wait until the last moment before the outcome is determined, see how it is almost certain to play out, then dump a bunch in on the near certain winning side. All the people who bet ahead of you would have their winnings diluted.

Commented by /u/GhostOfMcAfee in /r/algorand on January 27, 2023 17:36:46
/r/algorand/comments/10mr0z5/added_to_the_bag_at_recent_resistance/j65pt1g/

You are entering a derivative contract with the settlement to happen later. Positions taken in the futures market aren’t executed on the spot order book. If I open a short on Binance futures, they don’t take my 1 BTC short and then sell it in the spot order book. This is why you can have differences between the spot price and the futures price.

Commented by /u/GhostOfMcAfee in /r/algorand on January 27, 2023 17:09:25
/r/algorand/comments/10mr0z5/added_to_the_bag_at_recent_resistance/j650lnf/

![gif](giphy|1AIeYgwnqeBUxh6juu)

Commented by /u/GhostOfMcAfee in /r/algorand on January 27, 2023 14:27:52
/r/algorand/comments/10mrxbo/opinions_on_venueone/j64s4iw/

Kind of all depends on if the odds are recalculated in real time.

Commented by /u/GhostOfMcAfee in /r/algorand on January 27, 2023 13:34:32
/r/algorand/comments/10mr0z5/added_to_the_bag_at_recent_resistance/j64m5cv/

Nothing about this post makes sense. Your buy isn’t going to entice anyone to open a short. And, shorts/longs don’t move markets; spot buying/selling does. Shorts/longs only move markets when they become forced spot buyers/sellers. And, if you thought it was going lower, you should just wait and buy spot at the lower price or open a short position yourself.

Commented by /u/GhostOfMcAfee in /r/algorand on January 27, 2023 12:57:24
/r/algorand/comments/10mg8uo/algorand_foundation_cmo_qa_algofest/j646xdm/

Caught up on most of AlgoFest last night. It was really good.

Commented by /u/GhostOfMcAfee in /r/algorand on January 27, 2023 11:23:09
/r/algorand/comments/10mnm3i/question_about_algo_governance/j646kdw/

This is correct. I actually voted before voting opened up in G1 by figuring out the formatting of the voting code. I would not recommend doing it this way, however.

Commented by /u/GhostOfMcAfee in /r/algorand on January 27, 2023 11:20:50
/r/algorand/comments/10moqkl/applied_blockchain_podcast_01_adi_invites_john/j645y26/

John Woods has been nothing short of amazing.

Commented by /u/GhostOfMcAfee in /r/algorand on January 27, 2023 11:16:52
/r/algorand/comments/10m4vq5/72b_algo_circulating/j61g2zw/

A lot of the exchanges are known, or discoverable if you put in the work. And, the original relay runners are easy to determine because you can just trace out where the Foundation's relay reward wallets sent Algos.

Commented by /u/GhostOfMcAfee in /r/algorand on January 26, 2023 19:59:19
/r/algorand/comments/10m2j6c/best_way_to_buy_algorand_after_birth_of/j60hz3u/

Doesn’t the “advanced trade” option give you the old Pro fees without needing to subscribe to CoinbaseOne?

Commented by /u/GhostOfMcAfee in /r/algorand on January 26, 2023 16:09:09
/r/algorand/comments/10kzerm/the_first_shariah_compliant_metaverse_launches_on/j5wlu0h/

I assume people who are devout Muslims might. I personally don't care, just like I don't care whether a hot dog is Kosher. But, for some I guess it matters. 24% of the world's population is Muslim. No how many of them are devout enough to care about Sharia compliance. But it can't be a trivial amount. Personally, I would expand it to just be "who cares about a metaverse?" The idea of a metaverse seems kinda stupid to me and I have no idea why it is so closely tied to blockchain. Blockchain does some things well, but not everything. And, one of those things that it does poorly, IMO is expansive, polished, digital worlds. If Facebook can't even move the needle with centralized processes, top flight talent, and nearly $9B of spending, then I doubt it can be done.

Commented by /u/GhostOfMcAfee in /r/algorand on January 25, 2023 20:45:55
/r/algorand/comments/10l0unh/perawallet_transfer/j5twfpc/

Do you mean transfer as in actually move the Algo? Or do you mean you just want to use a different wallet app?

Commented by /u/GhostOfMcAfee in /r/algorand on January 25, 2023 10:21:18
/r/algorand/comments/10kx6fq/asa_worth_looking_into/j5t9bq8/

Stick to those that have utility, real utility. As in in you can see why a person would buy it for a reason other than to spec into it in hopes of selling it to to someone else for more money.

Commented by /u/GhostOfMcAfee in /r/algorand on January 25, 2023 07:18:24
/r/algorand/comments/10js38p/is_there_a_scheduleformula_for_when_remaining/j5mtmay/

That, and through grants and structured selling. But, as to these, there is no schedule. There is, however, a formula. According to the last transparency report, here is the high level allocations. Community & Governance Rewards 1,628,160,000 Ecosystem Support 989,620,000 Foundation Endowment 375,380,000 ​ My understanding is that the first category would be distributed as you describe. The second category is grants. The third category is structured selling for operations.

Commented by /u/GhostOfMcAfee in /r/algorand on January 23, 2023 21:49:07
/r/algorand/comments/10ipqcl/governance_rewards_question/j5fxsn8/

Yes. This time, go to your Governor page on the foundation’s governance site to confirm you actually voted.

Commented by /u/GhostOfMcAfee in /r/algorand on January 22, 2023 14:01:25
/r/algorand/comments/10ipqcl/governance_rewards_question/j5futr5/

No, it shouldn’t. I just don’t think you voted in time. If you voted, you should have a transaction in your wallet history to confirm it.

Commented by /u/GhostOfMcAfee in /r/algorand on January 22, 2023 13:42:39
/r/algorand/comments/10ipqcl/governance_rewards_question/j5fsnem/

It says you didn’t vote.

Commented by /u/GhostOfMcAfee in /r/algorand on January 22, 2023 13:29:07
/r/AlgorandOfficial/comments/10hhy1t/can_someone_help_me_find_the_rest_api_base_url/j5ak7r1/

u/Hopeful-Student9017 tagging you in case you didn't check the cross-post

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 21, 2023 11:26:28
/r/algorand/comments/10hjvrb/community_champions/j5ahhlk/

Ah. So some sort of viral marketing attempt. I missed the all hands and hadn’t had a chance to watch it. Thanks.

Commented by /u/GhostOfMcAfee in /r/algorand on January 21, 2023 11:07:50
/r/algorand/comments/10hjvrb/community_champions/j596fqq/

how does this relate to gitcoin? I'm curious.

Commented by /u/GhostOfMcAfee in /r/algorand on January 21, 2023 02:53:47
/r/algorand/comments/10hjvrb/community_champions/j591fon/

Good answer. I was about to lock the thread. I doubt they mentioned Gitcoin. You might have misheard something. Please go back and formulate the question with specificity. I might be wrong, but I'm guessing you got a name of something wrong.

Commented by /u/GhostOfMcAfee in /r/algorand on January 21, 2023 01:49:07
/r/algorand/comments/10hjvrb/community_champions/j59010a/

oh, so an ETH startup?

Commented by /u/GhostOfMcAfee in /r/algorand on January 21, 2023 01:32:01
/r/algorand/comments/10hjvrb/community_champions/j58w7sq/

What is that? Is this what you are talking about? https://twitter.com/AlgoFoundation/status/1612935540868882433?s=20&t=BBePzW-RgOcutopKRZoe\_g

Commented by /u/GhostOfMcAfee in /r/algorand on January 21, 2023 00:49:21
/r/ChatGPT/comments/10hefpg/the_beautiful_poetry_of_chatgpt/j58vps8/

This stupid fart haiku is formally amended, and are made better by it.

Commented by /u/GhostOfMcAfee in /r/ChatGPT on January 21, 2023 00:44:04
/r/algorand/comments/10hh8sg/can_someone_help_me_find_the_rest_api_base_url/j58jtyf/

Done. Don't worry friend. You'll get there. Always willing to help out people who are looking to create.

Commented by /u/GhostOfMcAfee in /r/algorand on January 20, 2023 22:51:21
/r/algorand/comments/10hh8sg/can_someone_help_me_find_the_rest_api_base_url/j58fx7g/

Here's some karma so you don't run into troubles posting in the future.

Commented by /u/GhostOfMcAfee in /r/algorand on January 20, 2023 22:17:53
/r/ChatGPT/comments/10hefpg/the_beautiful_poetry_of_chatgpt/j585dtm/

So it is! I didn't even notice. Just trusted it would know how to count syllables correctly. At least we know are jobs are safe, for now.

Commented by /u/GhostOfMcAfee in /r/ChatGPT on January 20, 2023 20:52:55
/r/ChatGPT/comments/10hefpg/the_beautiful_poetry_of_chatgpt/j57y33v/

Yes. Robot is busy making poetry.

Commented by /u/GhostOfMcAfee in /r/ChatGPT on January 20, 2023 19:56:13
/r/ChatGPT/comments/10hefpg/the_beautiful_poetry_of_chatgpt/j57xnhn/

Write me a haiku about farts

Commented by /u/GhostOfMcAfee in /r/ChatGPT on January 20, 2023 19:52:54
/r/algorand/comments/10gqb42/ai_speech_on_algorand_as_kennedy/j546l22/

Our jobs are safe for now. I bet I can make a better Kennedy Algo speech.

Commented by /u/GhostOfMcAfee in /r/algorand on January 20, 2023 02:10:25
/r/algorand/comments/10gjjqv/cbdc_another_bank_in_australia_set_to_debut/j53o8hz/

I know. Lots of places reported it. I think the Coindesk article got posted last night. I was all hyped, but then saw other people pointing out the thing about the AFR article (where it all started) not really saying that NAB was going with Algo. I think Coindesk made an error in reading the AFR article, and all other sites just republished it without doing any of their own due diligence. Pretty common in crypto news.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 23:08:42
/r/algorand/comments/10gjjqv/cbdc_another_bank_in_australia_set_to_debut/j53bfpk/

That's the very same article I linked to. Again, I think it's incorrect based on my reading of that article for the reasons I indicated. But, to know for sure, I would need more than a "trust me bro." At the end of the day though, we seem to be arriving at the same conclusion.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 21:30:52
/r/algorand/comments/10gjjqv/cbdc_another_bank_in_australia_set_to_debut/j539xyr/

Well, we don't really know that either. It could be true, it might just be a mistake by coindesk or coin telegraph or whatever.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 21:20:03
/r/algorand/comments/10gjjqv/cbdc_another_bank_in_australia_set_to_debut/j537t8v/

I know that a TON of places are reporting this, but this might actually be an error/over-reading by by these various news sources. Every news source I've seen that explicitly state the it is being built on Algorand cite to other news articles that then ultimately lead back to this piece from [Financial Review](https://www.afr.com/companies/financial-services/nab-creates-a-stablecoin-in-boost-for-digital-economy-20230117-p5cd8f) (behind a paywall). That article, however, doesn't say anything about Algo being used for National Australia Bank's AUDN. Instead, its only mention of Algo is that a Fintech company is launching its own Australian dollar stablecoin called AUDE.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 21:04:34
/r/algorand/comments/10ekbes/algo_turns_deflationary/j52k7w3/

I mean, in theory they could still be liquidated if they opt out. I was talking about the strict definition of circulating supply, as in Algo to be distributed. That number can’t go down. It has to be a weird quirk with how Messari calculated stuff or some other bug.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 18:16:05
/r/AlgorandOfficial/comments/10ganet/trump_ai_strikes_again/j520ass/

Nope. I’ve aired my frustrations and moved on. The constant Staci bashing annoys me as well.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 19, 2023 16:03:16
/r/algorand/comments/10g6i4l/what_needs_to_happen_on_algorand_is_true/j51t09l/

Yeah. I’m guess it was something to do with having to spend enough time on the forum logged in before being able to make posts/comments. I assume that’s to avoid bots/brigading.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 15:20:34
/r/AlgorandOfficial/comments/10ganet/trump_ai_strikes_again/j51rc4l/

Thought you were talking to me for a sec. Kinda surprised this remains up in the Official thread.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 19, 2023 15:10:21
/r/algorand/comments/10g6i4l/what_needs_to_happen_on_algorand_is_true/j51elm0/

That’s strange. I’ve never heard of anything like that happening. I’ve submitted both posts and comments there and it is never put into a queue.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 13:52:40
/r/algorand/comments/10g6i4l/what_needs_to_happen_on_algorand_is_true/j51bgc6/

Are you sure you actually submitted it? After applying a comment in GitHub, it shows up as “pending” until you go through a second step to confirm it. I had the same issue and didn’t realize I had to go through the second step. See https://github.com/community/community/discussions/10369

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 13:33:40
/r/algorand/comments/10g6i4l/what_needs_to_happen_on_algorand_is_true/j511v80/

You may be interested to know that there is a GitHub ARC on implementation of xGov. Anyone from the community can comment on how they think it should be structured.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 12:36:20
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j511d0q/

And my point is that I don’t think it was anywhere near as obvious as you claim.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 12:33:17
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j50sp0p/

It’s easy to say that having the knowledge we do today.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 11:40:55
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j50pzt9/

Hindsight. This happened before much of the mayhem we saw. And, keep in mind, the company lied to them in written assurances about Terra exposure.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 11:24:05
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j509hug/

Then it was executed brilliantly

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 09:35:35
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j508yxa/

I can’t tell if this is sarcasm or not

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 09:31:46
/r/algorand/comments/10fozmj/what_percent_do_you_get_doing_governance/j500yaf/

Good to know. I always defaulted to AlgorandStats. I hope they fix it. I like going there to see all the other info.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 08:30:30
/r/algorand/comments/10fozmj/what_percent_do_you_get_doing_governance/j4zzf3j/

Hmmm. I wonder why AlgoFi and AlgorandStats are showing different APRs.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 08:17:37
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j4z5na3/

I'll pick the second poison since that's what the tweet trail suggests.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 02:15:19
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j4z2x1f/

The tweet preceding Massimo's suggests this was a decision by Ryan Terriblini. He's someone I definitely think should go.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 01:42:47
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j4z1jyo/

And, it's unfortunate Massimo wasn't in charge of treasury at the time. But, he got swapped out before Staci. I'm just saying this is not some completely boneheaded move by Staci alone.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 01:27:30
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j4z0sjo/

Sounds like it was covering based on the preceding message to Massimo's comment. I get the sense they were attempting to generate revenue during a downturn in a way besides selling coin. They got screwed, like many did.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 01:19:15
/r/algorand/comments/10fu3hk/ai_writes_a_speech_about_algorand_for_donald_trump/j4z0a41/

We've been trading on Ethereum DEXes? It's the worst trade deal in the history of trade deals.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 01:13:44
/r/algorand/comments/10fu3hk/ai_writes_a_speech_about_algorand_for_donald_trump/j4yyxji/

This is actually pretty damn hilarious.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 00:59:28
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j4yy0nn/

Nope. Just not putting up with people who have dug into a silly position and will just keep digging instead of re-evaluating. I am not a Staci fanboy, but good lord, it's beyond absurd to blame her for Hodlnaut.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 00:50:15
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j4yxm2g/

Regale us with your sound investments oh wise one.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 00:46:16
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j4ywy8z/

Oh really? No sophisticated investors? Hmmm . . . that's odd, since here's a very short list of investors who got swindled by Madoff. Fairfield Greenwich Advisor - An investment management firm Union Bancaire Privee - a Swiss bank HSBC - a British bank Natixis - a French bank Tremont Group Holdings - asset management firm Banco Santander - a Spanish bank Bank Medici - an Austrian bank Ascot Partners - hedge fund Access International Advisors - Investment management firm Fortis - a Dutch bank Royal Bank of Scotland - a British bank BNP Pariba - a British bank BBVA - a Spanish bank ​ I could go on, and on, and on, and on. Cool, you watched a documentary. All these entities must have been so dumb. I bet you are the type of person who watches a kung fu movie and thinks they know how to fight.

Commented by /u/GhostOfMcAfee in /r/algorand on January 19, 2023 00:39:39
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j4yspaa/

Yup. And lots of sophisticated investors were scammed by him through no fault of their own. You are proving my point.

Commented by /u/GhostOfMcAfee in /r/algorand on January 18, 2023 23:59:07
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j4yhykl/

That's a pretty silly take. They were well known in the crypto lending market.

Commented by /u/GhostOfMcAfee in /r/algorand on January 18, 2023 22:29:48
/r/algorand/comments/10fq8rg/national_australia_bank_creates_stablecoin_called/j4ycl4d/

I assume it will get rolled out on several other chains too, but it’s definitely encouraging to see they chose Algo as the only non ETH L1 at the start

Commented by /u/GhostOfMcAfee in /r/algorand on January 18, 2023 21:49:24
/r/algorand/comments/10fozmj/what_percent_do_you_get_doing_governance/j4y3vwc/

Governance sign up is over. But, it's currently at 6.55% for vanilla governance (see [https://www.algorandstats.com/governance-period-6](https://www.algorandstats.com/governance-period-6)). For those participating in governance via a DeFi protocol, the APR will probably be closer to \~14%

Commented by /u/GhostOfMcAfee in /r/algorand on January 18, 2023 20:46:09
/r/algorand/comments/10fkt94/the_great_resignation_of_staci_warden/j4y1bj4/

How is that Staci's fault? They lent the Algo out to get a return under an agreement with Hodlnaut. Hodlnaut went under because of its exposure to Terra. Hodlnaut lied to people and institutions (like the Foundation) about its exposure, resulting in a criminal probe. I don't think it is fair to pin this on Staci.

Commented by /u/GhostOfMcAfee in /r/algorand on January 18, 2023 20:27:32
/r/AlgorandOfficial/comments/10f9bo1/ama_algorand_inc_tech_team/j4we7fa/

Can someone provide an update on the status of the community relay pilot program and what further is planned for moving relays to a fully permissionless system?

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 18, 2023 13:52:52
/r/algorand/comments/10fbar8/lоuis_vuittоns_frеetомint_nfт_on_eth_is_livе_fеw/j4vr9lg/

Thanks to you or whoever reported. We’ve been seeing a bunch of similar spam posts. Been trying to stay on top of it but this one managed to sneak through for a bit.

Commented by /u/GhostOfMcAfee in /r/algorand on January 18, 2023 11:33:27
/r/algorand/comments/10co9nv/hedera_vs_algorand/j4u38k9/

I have a mod log or your posts, including the multiple spam posts that were reported by several community members. I am not making things up. The comments, and you, were removed because it clutters the boards and makes it really unpleasant to scroll past the same text wall pasted over and over and over again. The very fact that I did not take down this comment thread and the fact that I continue to discus this with you publicly should tell you something about me. But, feel free to DM me if you want a piece of my mind.

Commented by /u/GhostOfMcAfee in /r/algorand on January 18, 2023 01:48:43
/r/algorand/comments/10ekbes/algo_turns_deflationary/j4u169p/

what about it? have stats/evidence?

Commented by /u/GhostOfMcAfee in /r/algorand on January 18, 2023 01:25:07
/r/algorand/comments/10eyfqt/hedera_and_avery_dennison_listed_among_top_30/j4tva9e/

Thank you sir. Welcome to the sub, even if you aren't an Algo fanboy. My top hat tips to all.

Commented by /u/GhostOfMcAfee in /r/algorand on January 18, 2023 00:23:46
/r/algorand/comments/10eyfqt/hedera_and_avery_dennison_listed_among_top_30/j4tusdk/

I am a hooligan too. That may be why I'm here. Again man, there is a reason I didn't place a ban but merely locked the post. I welcome debate because I think Algo has the absolute best tech. feel free to comment elsewhere, but I absolutely need to patrol the sub. I am sure you understand.

Commented by /u/GhostOfMcAfee in /r/algorand on January 18, 2023 00:18:54
/r/algorand/comments/10eyfqt/hedera_and_avery_dennison_listed_among_top_30/j4ttxhp/

Look. I'm not a dick. I love debate, but you need to instruct your sub to not brigade. If they want a debate, we have some smart MFers here, but stop the brigading. I'm tired of the mod ques. I could just hand out bans, but that is not my style. I try really hard to NOT be an oppressive dick. But you need to tell your sub what is up or else the bans will be handed out freely. Cross chain debate is welcome, spamming and trolling s not.

Commented by /u/GhostOfMcAfee in /r/algorand on January 18, 2023 00:10:37
/r/algorand/comments/10eyfqt/hedera_and_avery_dennison_listed_among_top_30/j4tt2r1/

No. It's not in good spirits. We let you folks come in because you made for good discussion and debate, But, you abused it. Check your sub and instruct them about brigading. It's not cool. We could make your sub a hellhole if we wanted, but we won't. That's the gentlemen's agreement.

Commented by /u/GhostOfMcAfee in /r/algorand on January 18, 2023 00:02:34
/r/algorand/comments/10ekbes/algo_turns_deflationary/j4rg27a/

This doesn’t make sense. The only Algo that are not part of circulating supply are those held by the Foundation for future distribution. I think this is based on how messari calculates things.

Commented by /u/GhostOfMcAfee in /r/algorand on January 17, 2023 14:17:48
/r/algorand/comments/10co9nv/hedera_vs_algorand/j4mil11/

No, you got banned for 30 days because you were copy/paste spamming the same wall of text to multiple different people. Go try that in any sub and see what happens. This particular comment by you was left up because it was not the same as your other spam messages.

Commented by /u/GhostOfMcAfee in /r/algorand on January 16, 2023 14:40:04
/r/algorand/comments/10cz61v/vanity_address_generator/j4m1ws4/

It most certainly is possible. In addition to using Pera to rekey to a Ledger, you can use a node to issue a rekeying transaction and assign spending keys to any account of your choosing.

Commented by /u/GhostOfMcAfee in /r/algorand on January 16, 2023 12:56:59
/r/algorand/comments/10d5zom/the_top_wallet_just_became_ineligible/j4k0ixc/

Poor one out for the 128k homie who thought he had 128m.

Commented by /u/GhostOfMcAfee in /r/algorand on January 16, 2023 01:29:25
/r/algorand/comments/10d5zom/the_top_wallet_just_became_ineligible/j4jxzfi/

Some people commit stupid amounts of Algo that they never held and never will hold just to have their fake commitments show up as ineligible.

Commented by /u/GhostOfMcAfee in /r/algorand on January 16, 2023 01:02:28
/r/algorand/comments/10co9nv/hedera_vs_algorand/j4jxhwg/

That sounds like centralization but with extra steps. It sounds like what you are saying is each shard's latency still scales inversely with the number of nodes, which means that maybe the total chain isn't susceptible to centralized attack, but each shard is, because to be performant each shard must be centralized. I don't pretend to speak for u/Mr_Blondo, who is infinitely more astute than I. But I think the that's the fundamental issue here. It boils down to a tradeoff between security and performance. Algo is trying to optimize max security while maintaining high performance. HBAR is choosing to use a system that maxes performance, but sacrifices security. HBAR is very very fast, but it scales exponentially inversely to decentralization. Algorand is very fast, but its model scales without sacrificing decentralization.

Commented by /u/GhostOfMcAfee in /r/algorand on January 16, 2023 00:57:34
/r/algorand/comments/10cwjpj/algo_vs_hbar_real_world_tps_discussion/j4jt1fz/

Cool. It wasn't to me. It is to me now. I don't know why I am explaining that I misread it for a third time, but there we go.

Commented by /u/GhostOfMcAfee in /r/algorand on January 16, 2023 00:14:04
/r/algorand/comments/10cu9u2/panic_is_your_worst_enemy/j4js449/

This sentiment only holds so long as there are new Algos flowing in to the lending side. If everyone took your advice, the APR would be stupid high forever. Yes, it generally comes down, but only because not everybody takes your path. Over-leveraging for governance can go terribly wrong if everyone employs that strategy.

Commented by /u/GhostOfMcAfee in /r/algorand on January 16, 2023 00:05:35
/r/algorand/comments/10cz61v/vanity_address_generator/j4jr0w0/

Just some friendly advice for wallet security. Algovanity is cool. I think it is great that they make it available for anyone to use. I have absolutely zero reason to doubt their honesty. But, it is always a best practice to rekey a vanity that you did not create using a script of your own.

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 23:55:59
/r/algorand/comments/10d3gls/are_there_any_outlets_that_cover_algo/j4jq6zp/

Coop Daniels does a YouTube series. Normally something like twice a month. It's a pretty good way to get high level info periodically if you aren't wanting to be plugged in 24/7. It's very much a 30,000 foot overview of things, so if there is something mentioned that piques your interest, definitely take the time to research it on your own further.

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 23:48:48
/r/algorand/comments/10cwjpj/algo_vs_hbar_real_world_tps_discussion/j4j0o10/

Currently tied up so I can’t dig into this, but I think u/BioRobotTch looked at this.

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 20:35:15
/r/algorand/comments/10cwjpj/algo_vs_hbar_real_world_tps_discussion/j4ip8pv/

It’s a misunderstanding. That’s all. We’ve had several posts here recently that seem to be targeted brigading from HBAR sub. I don’t know why I’m explaining for a second time why I misread your comment, but there we go.

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 19:16:23
/r/algorand/comments/10cwjpj/algo_vs_hbar_real_world_tps_discussion/j4in7uo/

We’ve seen obvious brigading. And, you are in Algorand sub stating you regularly see some sort of inorganic downvoting sure seems like you are making claims about this sub.

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 19:02:16
/r/algorand/comments/10cwjpj/algo_vs_hbar_real_world_tps_discussion/j4il7ij/

The obvious brigading from HBAR sub has been tolerated because it has produced some decent discussion. But baseless FUDing and willful misinformation will not be tolerated. Absolutely nothing in your post/comment history suggests you have frequented this sub. It’s just endless activity in HBAR. So the notion that you “regularly” read any thread here is laughable.

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 18:48:41
/r/algorand/comments/10co9nv/hedera_vs_algorand/j4him3b/

Good point. Perhaps that explains the discrepancy between their earlier figures I linked to and the one the commenter above linked to.

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 14:43:17
/r/algorand/comments/10co9nv/hedera_vs_algorand/j4hgxws/

The paper I linked to was from them as well. The only thing I can think is that since I looked into they tweaked something to allow TPS not scale inversely with the number of nodes. So, it can still handle high TPS with more nodes, it is just going to cause latency to increase exponentially. And that's the root of the problem, its speed is inversely proportional to its decentralization.

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 14:33:06
/r/algorand/comments/10co9nv/hedera_vs_algorand/j4h20kl/

I'm sure OP will take all of that into consideration in his search for reasons to leave Hedera. ![gif](giphy|1BFGFPPuIRTUPZFy4d|downsized)

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 13:01:04
/r/algorand/comments/10cpr3l/i_messed_up_this_is_the_first_gov_period_i_missed/j4gz2or/

![gif](giphy|3xz2BPbIqcqpFDKXsI)

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 12:42:26
/r/algorand/comments/10cp300/sending_bitcoin_to_pera_wallet/j4gy71w/

This is the correct answer. If OP tries to send regular Bitcoin to his Pera address, he will lose them. He needs to wrap them first via a bridge.

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 12:36:50
/r/algorand/comments/10co9nv/hedera_vs_algorand/j4gxj60/

I'll give you one massive reason why I prefer Algorand...Hedera is a hashgraph system. It is a completely different type of cryptography and is inherently inferior from a decentralization standpoint in my opinion. As pointed out in [Hedera's own paper](https://hedera.com/hh-ieee_coins_paper-200516.pdf), both latency in the system and TPS go ***down*** as you add more nodes. That means, the more decentralized the system becomes, the ***slower*** it gets. So, to maintain high throughput Hedera by necessity ***must*** remain a highly centralized system. [Here's a link](https://imgur.com/a/xc79J5B) to a screen cap of the relevant section in Hedera's paper. Is that a good enough reason for you?

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 12:32:36
/r/algorand/comments/10buwrv/new_algorant_by_coop_daniels_he_is_one_of_the_few/j4g9gxq/

Distribution coincides with the traditional buying ahead of next governance. This time around, it also coincided with general market uptick. Moreover, those folks are smart enough not to just dump coin all at once and kill price unless they are absolutely forced to sell. So they would spread it out over time. That said, I don’t think the dilution is as bad as he makes it out, because the only people getting Algo from governance are existing holders. My issue with governance is not so much that it is dilution, but more that it is a wasted opportunity to incentivize/reward other or additional behavior.

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 09:49:26
/r/algorand/comments/10buwrv/new_algorant_by_coop_daniels_he_is_one_of_the_few/j4fb3m9/

First, please provide a link to the Choice Coin episode. Such a thing is critical to evaluating your statements. Second, from what I know, Choice Coin probably was not a great investment (its FDMC was too high based on utility and expected revenue) but it was not a scam. I got a shit ton of flack for criticizing Algomint on those metrics. Clearly, minds can differ. Choice Coin is certainly down, like almost everything. But, they have actual application and research behind them. You can armchair quarterback if you want, but it is really flimsy to call Choice Coin a scam. There is a very big difference between a project whose token doesn't make you fabulously wealthy overnight and a project that is a scam. And, he isn't out there hyping every new ASA. He's just saying what new has come out. It's an overview. It's on you to DYOR afterwards on whether you think it is something worthwhile to invest in. Don't buy everything he talks about. That's not the point. He just gives new projects a platform and gives an overview of it. It's on you to do the follow up.

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 03:18:08
/r/algorand/comments/10buwrv/new_algorant_by_coop_daniels_he_is_one_of_the_few/j4f9lf4/

Also, his point is that general governance rewards are too easy. It is easy money that doesn't involve much skin in the game. Big whales, including exchanges, are able to participate in it. They take those rewards and cash out a good chunk of them because it is free money when accounting for the split between what they get and what they payout to exchange users. That results in dilution and sell pressure. There are alternative uses, and they would likely also result in sell pressure, but the issue is whether those grants and efforts would have a greater ROI. Bottom line the current governance model does not sufficiently incentivize thins that will benefit ALGO in the long term. They need to tinker with incentives. I actually love Coop precisely because he presents both good and bad. He obviously is pro-ALGO, but he is also not afraid to call out issues that are problems. Even if I disagree with him on this or that topic, I respect him for being honest and can take his opinion into consideration.

Commented by /u/GhostOfMcAfee in /r/algorand on January 15, 2023 02:58:22
/r/algorand/comments/10buwrv/new_algorant_by_coop_daniels_he_is_one_of_the_few/j4d7q91/

Yeah. I’m interested in that answer too and I doubt we will get one. Coop basically just talks about everything going on in Algorand & the community(both the good and bad) and often brings on really great guests like John Woods or Chris Swenor. Not every project he talks about is going to be a winner, but I definitely don’t think he’s pushing scams. I view his stuff as much more of a way to know about everything going on high level without having to be glued to Reddit and Twitter.

Commented by /u/GhostOfMcAfee in /r/algorand on January 14, 2023 17:02:51
/r/algorand/comments/10bwmwe/how_to_withdraw_committed_algos_to_older_gov/j4cms9g/

You need to go to the V1 version of AlgoFi then. They migrated to a V2 system since then. Go to AlgoFi and look for V1 in the lower left

Commented by /u/GhostOfMcAfee in /r/algorand on January 14, 2023 14:41:13
/r/algorand/comments/10bwom1/top_2_altcoin_picks_for_2024_bull_run/j4cmi1y/

I mean, I guess the exposure is good in the short term, but Bitboy is so full of it. He picks something new every other week it seems, depending on what he wants to hype at that moment. I remember about a year and a half ago he was promising people that he *knew* from people on the inside that it was imminent that Amazon was going to start using Algorand and some other coin (can’t remember what the second was). Clearly full of it, but it didn’t stop his followers from mindlessly pumping Algo short term. It retraced pretty quickly. It’s amazing anyone pays attention to him. Though, I must say his absurd trip to the Bahamas to track down SBF was at least amusing for how bizarre it was.

Commented by /u/GhostOfMcAfee in /r/algorand on January 14, 2023 14:39:19
/r/algorand/comments/10bbzpi/how_to_send_all_my_algo_more_than_6_decimals_from/j49ch3k/

I don't think what you are saying is possible. The smallest unit is the microALGO, which is .000001 ALGO. So, if you are seeing decimals beyond that, it's something to deal with however Binance tracks it for purposes of something like staking rewards.

Commented by /u/GhostOfMcAfee in /r/algorand on January 13, 2023 20:46:46
/r/algorand/comments/10b8vss/can_a_defi_or_nft_interface_be_built_into_the/j48tn9r/

I think this exists. Open the “Discover” tab, then select “Browser”

Commented by /u/GhostOfMcAfee in /r/algorand on January 13, 2023 18:28:03
/r/algorand/comments/109tu7k/did_the_mods_of_rcc_just_remove_the_post_about/j487zf0/

u/d3jok3r, I removed your comment since it linked to an active CC post. Someone reported it as brigading and I don’t want to risk that CC mods remove the post by u/Mr_Blondo over there if your link remained up. They take potential brigading seriously. I didn’t know about those rules and I once posted a link to a CC post in a Coinbase sub about a related issue . I got an immediate perma ban before pleading my case to get it down to a 30 day ban. Just because explaining so you don’t think I’m trying to be a jerk.

Commented by /u/GhostOfMcAfee in /r/algorand on January 13, 2023 16:07:03
/r/algorand/comments/10b1vzt/cant_seem_to_connect_to_perra_wallet_for/j47zmtg/

It’s a problem with Wallet Connect from what I understand rather than Pera specifically. I wish I could find the tweet from Pera about it.

Commented by /u/GhostOfMcAfee in /r/algorand on January 13, 2023 15:15:18
/r/algorand/comments/10b1vzt/cant_seem_to_connect_to_perra_wallet_for/j47k7b6/

Go to settings. Disconnect all open wallet connect settings. Kill the app. Kill the browser. Then retry. Having multiple open wallet connect sessions can cause issues.

Commented by /u/GhostOfMcAfee in /r/algorand on January 13, 2023 13:39:59
/r/algorand/comments/109rdym/algofi_v1_to_v2_question/j477da9/

Try with the laptop. I seem to remember someone somewhere mentioning that there are some weird iOS permissions or something. So if you are using iPhone that could be if. If all else fails, there is always MyAlgo Wallet.

Commented by /u/GhostOfMcAfee in /r/algorand on January 13, 2023 12:22:02
/r/algorand/comments/109rdym/algofi_v1_to_v2_question/j47720f/

Are you running the most up to date Pera? If so, then I’m stumped. Hopefully others here or on the AlgoFi sub have some insight.

Commented by /u/GhostOfMcAfee in /r/algorand on January 13, 2023 12:20:10
/r/algorand/comments/109rdym/algofi_v1_to_v2_question/j4745dp/

Try disconnecting all wallet connect sessions in Pera, kill the app, kill the browser, and try again. Let me know if that works.

Commented by /u/GhostOfMcAfee in /r/algorand on January 13, 2023 12:02:31
/r/algorand/comments/10ahqkg/job_loss_and_identity_my_reflections_after_being/j44dym5/

I'm genuinely sorry brother. I hope you find support in friends and family, and figure out what will make you happy.

Commented by /u/GhostOfMcAfee in /r/algorand on January 12, 2023 21:10:10
/r/algorand/comments/10a44p5/pelicoin_asa_rugged/j41ydwj/

Entirely foreseeable. Undoxxed team and no real use for the token. Separate tokens aren’t needed for charitable projects. If you want to do a charitable project, you would just set up a 501(c)(3) and accept donations of established cryptocurrencies.

Commented by /u/GhostOfMcAfee in /r/algorand on January 12, 2023 11:53:20
/r/algorand/comments/109tu7k/did_the_mods_of_rcc_just_remove_the_post_about/j41n2mb/

Meanwhile, one of there “hot” posts currently is about how Cardano has its first smart contract written in PYTHON! Hear that guys? Revolutionary stuff that nobody has ever done before!

Commented by /u/GhostOfMcAfee in /r/algorand on January 12, 2023 10:41:28
/r/algorand/comments/109mwt4/algorand_did_8070_realworld_amm_swaps_in_a_3/j41dvn3/

I do enjoy a sharp axe when chopping. 🤔

Commented by /u/GhostOfMcAfee in /r/algorand on January 12, 2023 09:39:23
/r/algorand/comments/109mwt4/algorand_did_8070_realworld_amm_swaps_in_a_3/j41dkcp/

Good lord. Whoever is responding there has an axe to grind.

Commented by /u/GhostOfMcAfee in /r/algorand on January 12, 2023 09:37:10
/r/algorand/comments/109mwt4/algorand_did_8070_realworld_amm_swaps_in_a_3/j41d5vj/

I knew they were heavy handed, but damn. That’s some nitpicking.

Commented by /u/GhostOfMcAfee in /r/algorand on January 12, 2023 09:34:17
/r/algorand/comments/109mwt4/algorand_did_8070_realworld_amm_swaps_in_a_3/j40rlg5/

I complained about my post being removed even though it violated no rules. Response: “yeah, just repost it”. At least they have some reasonable mods.

Commented by /u/GhostOfMcAfee in /r/algorand on January 12, 2023 06:20:29
/r/algorand/comments/109mwt4/algorand_did_8070_realworld_amm_swaps_in_a_3/j408let/

r/cc has a pretty strict rule against anything the consider to be brigading. It is why we have to censor any crossposts from their sub to here (but you can cross post from here to there). I think "@AlgoFamily" might have upset a mod there by posting the link on twitter. OP didn't violate any rules, but if they sniff out anything driving traffic, They can get hella quick with the ban hammer. Still, I'm not above conspiracy theories. I have had posts removed before that do not violate any guidelines. Yesterday, I posted about Vendible and invited anyone tech oriented to dissect their systems. Got removed. I do think there are some mods there that get way too heavy handed. Feel free to make your own post there. It should avoid the AlgoFamily issue (assuming that is the root).

Commented by /u/GhostOfMcAfee in /r/algorand on January 12, 2023 02:09:11
/r/algorand/comments/109rdym/algofi_v1_to_v2_question/j3zzhkh/

Bottom left panel has an option that says "V1 Protocol." Go to V1, withdraw from your pool there. Go to V2, supply. EZPZ.

Commented by /u/GhostOfMcAfee in /r/algorand on January 12, 2023 00:30:00
/r/CryptoCurrency/comments/109mzfw/we_tested_algorand_with_enduseridentical_amm/j3zj50j/

Most of those tokens are going to existing holders doing governance, so it's not really even 4%. It technically is "inflation" but it would be like the FED printing dollars and instead of injecting them through paying gov't expenditures with magic printed dollars, they instead injected them directly into all bank accounts. So, yeah, more dollars. But, those dollars went to dollar holders. Bitcoin inflation is 1.7% (going to miners who must sell to cover expenses). So, in the grand scheme of things, Algo tokenomics now actually look pretty good.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on January 11, 2023 22:13:03
/r/algorand/comments/109mwt4/algorand_did_8070_realworld_amm_swaps_in_a_3/j3z8i54/

Saw just the headline and already knew who was behind it. Great job.

Commented by /u/GhostOfMcAfee in /r/algorand on January 11, 2023 20:56:52
/r/algorand/comments/1080xsb/algofi_vault_into_galgo/j3yovpm/

I was more pointing out to be careful if he is making any other plays other than putting them back into vault. But yes, if he’s just putting back into vault, he wouldn’t get liquidated unless interest went really high and he was seriously leveraged.

Commented by /u/GhostOfMcAfee in /r/algorand on January 11, 2023 18:41:45
/r/algorand/comments/108t8ek/wallet_connect_issues/j3ucg6i/

Try going to Pera settings, disconnect all open wallet connect sessions, kill the app, kill the browser and try again.

Commented by /u/GhostOfMcAfee in /r/algorand on January 10, 2023 21:56:09
/r/algorand/comments/107xmfc/algocasino_chips_house_staking_w_tinyman_v11_lp/j3tc71k/

It’s just wild to me. But then again I don’t like to go to casinos. I went once, on my 21st. Walked out $10 ahead and never had the desire to go back.

Commented by /u/GhostOfMcAfee in /r/algorand on January 10, 2023 17:48:51
/r/algorand/comments/1080xsb/algofi_vault_into_galgo/j3pnzv8/

if you borrow Algo, to make another position, you are using leverage and betting that Algo price goes up. Please look into how this leverage works before just jumping in. Otherwise, you can get liquidated if you make bad plays. If you play with leverage, you absolutely should have enough dry powder to stuff into things to over your position. You do not want to be the guy whose position is being liquidated in an a DeFi auction.

Commented by /u/GhostOfMcAfee in /r/algorand on January 10, 2023 00:03:20
/r/algorand/comments/107xmfc/algocasino_chips_house_staking_w_tinyman_v11_lp/j3p3ipb/

Am I the only one that is kinda blown away that there is a person out there just straight up gambling with nearly 3/4 of a million Algos in volume?

Commented by /u/GhostOfMcAfee in /r/algorand on January 9, 2023 21:24:21
/r/algorand/comments/107w8b6/tinyman_v2_lps_not_eligible_for_governance/j3otd5q/

Tinyman says the V2 will be eligible. The lists just haven't been finalized. So keep an eye/ear out. https://twitter.com/tinymanorg/status/1611056508946550790

Commented by /u/GhostOfMcAfee in /r/algorand on January 9, 2023 20:14:39
/r/algorand/comments/107oncq/pera_wallet_is_bad/j3nrjd8/

You likely have too many open wallet connect sessions. Go into the settings and try closing them out.

Commented by /u/GhostOfMcAfee in /r/algorand on January 9, 2023 16:06:21
/r/AlgorandOfficial/comments/107ppqp/i_have_a_spinning_wheel_at_the_algorand/j3nr9u5/

If you are using Pera, try disconnecting all wallet connect sessions, close the app, close the browser, and try again. Having too many active wallet connect sessions can create issues, especially if you have multiple open sessions on the same site.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 9, 2023 16:04:46
/r/algorand/comments/106dycp/iykyk/j3jra3k/

What have they built? The "light paper" and "app" on their website are dead links. I have nothing against Bilal personally. But I am highly skeptical of the FAME token/project. It started off as a "community" token in early 2021 (and, I am skeptical of anything in that category). Now, it claims to be about helping poor unbanked farmers in Africa. Yet, they supposedly have no reserves and constantly hype price movement. I just don't understand it. To get FAME, these poor Africans must buy Algo (without a bank), then swap for FAME. And, they will be buying it off of early speculators and airdrop recipients, who have been hyping price appreciation. Nothing about that seems to be targeted to extinguishing poverty or famine. If that were the goal, then would they not have targeted the airdrops to poor African farmers? Would the Algo grant not been better off just being sent directly to these farmers? So much of it appears to be "tug on your heartstrings" stuff that is designed to make it emotionally tough to criticize a project.

Commented by /u/GhostOfMcAfee in /r/algorand on January 8, 2023 20:22:01
/r/algorand/comments/1068i14/store_of_value_or_btc_clone_on_algorand/j3fd82k/

There is not much of a reason to try to beat Bitcoin at that. It would be better to just bridge it to Algo so it can be more efficiently used on Algorand rails. The ideal solution would be something utilizing state proofs instead of a centralized bridge.

Commented by /u/GhostOfMcAfee in /r/algorand on January 7, 2023 23:05:56
/r/algorand/comments/105txo0/the_ticketing_service_weve_been_waiting_for/j3djiwd/

I agree that the monopoly power of Live Nation + Ticketmaster is ***the*** problem. But, I disagree that NFT ticketing doesn't add value. In fact, I think NFT ticketing is the sort of disruptive thing that can effectively break their power. You cannot beat Live Nation + Ticketmaster in the current system. You have to offer something that creates added value that draws venues, artists, and fans away from the current system. NFT ticketing can do just that. Venues and artists can capture otherwise lost value on sales in the secondary market. And, middlemen like Ticketmaster, StubHub, etc capture less. Right now, venues and artists get zero added revenue when there are secondary sales. With NFTs, there are ways such that you could guarantee creator royalties on future sales. I have no clue whether Algorand has adopted a similar standard, but ETH proposed it in EIP-2981. Additionally, those NFT tickets could be sold on any NFT market supporting the forced royalty payment, meaning the insane fees these middlemen charge would have to come down. People buy from StubHub because there is a guarantee of authenticity and you can get your money back if the tickets are fraudulent. But, because NFTs allow you to verify authenticity on chain, authenticity is provable. NFT markets can simply code it so that listings for particular venues/artists can only be listed if they are from the verified venue or artists wallet. Imagine if you could buy event tickets on Rand, AB2, ALGOxNFT, etc. There also would be ways to stop the problem of bot buying. Initial issuers could integrate something like Vendible where you have provable yet private uniqueness. Each provably unique buyer could be limited in their initial purchase, meaning no bot buys. It also means you wouldn't need the weird queue system that Ticketmaster tried in the Taylor Swift debacle. Sure, it might all just fall flat and NFT tickets might never unseat Ticketmaster. But, it has the potential to benefit *everyone* besides the current monopoly powers.

Commented by /u/GhostOfMcAfee in /r/algorand on January 7, 2023 15:19:26
/r/algorand/comments/105txo0/the_ticketing_service_weve_been_waiting_for/j3days8/

NFT event ticketing is one of the absolute best real world use cases for blockchain. It is better for venues, artists, and fans. Best of luck to you all.

Commented by /u/GhostOfMcAfee in /r/algorand on January 7, 2023 14:23:20
/r/algorand/comments/10526qo/how_well_did_defi_staking_do_for_you_this_past/j3d9lxn/

It was ***way*** above 6.75% because of the DeFi incentives. u/AlgoCleanup did a post about it and calculated that DeFi APR [would be around 14%](https://www.reddit.com/r/AlgorandOfficial/comments/1012s3m/calculating_governance_rewards_apr_free/). That calculation checks out when I looked at what I actually received on my Vault. Using Vault also earned me some BANK emissions.

Commented by /u/GhostOfMcAfee in /r/algorand on January 7, 2023 14:14:30
/r/algorand/comments/105rnv2/algorand_governance_through_defi_is_too_confusing/j3clsgs/

NODLing is running a participation node that contributes in the consensus mechanism. Many moons ago I made a non-traded coin to give out to anyone who runs one as a token of appreciation.

Commented by /u/GhostOfMcAfee in /r/algorand on January 7, 2023 11:40:02
/r/algorand/comments/105rnv2/algorand_governance_through_defi_is_too_confusing/j3cepno/

Agree. AlgoGard is equally easy too. I have never tried Folks. AlgoFi is getting my entire DeFi allocation this round though since I can NODL my vault.

Commented by /u/GhostOfMcAfee in /r/algorand on January 7, 2023 10:50:53
/r/algofi/comments/105aurb/bank_emissions/j39yea5/

Thank you! I never would have noticed that.

Commented by /u/GhostOfMcAfee in /r/algofi on January 6, 2023 20:23:30
/r/algorand/comments/1055m5f/commit_period_6_pera_issue/j38ybuf/

Try clearing out all your wallet connect sessions in the app, kill the browser and app, and try again. Failing to disconnect wallet connect sessions can make it buggy.

Commented by /u/GhostOfMcAfee in /r/algorand on January 6, 2023 16:20:33
/r/algorand/comments/1052ucn/post_quality_and_moderation/j38to1q/

I do think we could benefit from a rule on low effort content. I tend to think the up and down votes are the best way to deal with issues of “quality”, since it is a subjective term. But, if we get reports, and it’s an obvious stinker, we could remove it. It can get really annoying for folks to scroll past junk when filtered by “newest” posts. I also am interested in what general types of content people think would fall into it.

Commented by /u/GhostOfMcAfee in /r/algorand on January 6, 2023 15:51:50
/r/algorand/comments/1052ucn/post_quality_and_moderation/j38rpsn/

I think moving forward we will try to do a sticky post each quarter and start removing redundant posts as spam. I’m thinking we could maybe also just do a single sticky about each governance period generally and update it with info as it becomes known (eg sign up, voting start/end, payouts, etc) and ask people to consult it before posting asking about these common questions

Commented by /u/GhostOfMcAfee in /r/algorand on January 6, 2023 15:39:54
/r/algorand/comments/10526qo/how_well_did_defi_staking_do_for_you_this_past/j38d6rb/

It definitely was much more profitable, but nothing is entirely safe as there is always smart contract risk. I split mine up between vanilla, AlgoFi Vault, and AlgoGard. The Aeneas rewards were awesome with Gard staking (just had to be very mindful of my borrowing position while the price was volatile). Now that Aeneas is done on AlgoGard, I probably won’t be back until they implement a way to use Algo in consensus.

Commented by /u/GhostOfMcAfee in /r/algorand on January 6, 2023 14:11:23
/r/algorand/comments/104w84b/accounts_with_over_1k_algos/j384dqf/

That’s actually a good thing. As more users/wallets come in, the average balance should go down. With finite supply, the average balance cannot go up over time unless existing users start closing wallets.

Commented by /u/GhostOfMcAfee in /r/algorand on January 6, 2023 13:17:56
/r/algorand/comments/104xljc/sneak_peek_of_the_pera_web_wallet/j37gqrt/

Is this going to be a desktop app or a web wallet?

Commented by /u/GhostOfMcAfee in /r/algorand on January 6, 2023 10:55:50
/r/algorand/comments/104vhn5/accounts_with_over_1k_algos/j374oyt/

It’s interesting how on this chart I can clearly see (1) when governance started; and (2) the FTX collapse.

Commented by /u/GhostOfMcAfee in /r/algorand on January 6, 2023 09:36:36
/r/algorand/comments/104knct/governance_rewards_still_not_recieved/j3616ok/

lol. Even a sticky can’t fix the issue

Commented by /u/GhostOfMcAfee in /r/algorand on January 6, 2023 02:23:44
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j34qqbj/

There is no real decentralization reason to run multiple nodes or really any other reason to. You can run multiple wallets from the same node if you want, which I do with my AlgoFi vault. I do run two nodes on different pieces of hardware with different wallets on each, but it is largely for privacy and keeping certain things segregated.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 5, 2023 19:55:32
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j34ohc0/

I totally get it. I lack the chops to look at the code myself, so I want to see protocols battle hardened before trusting them with a huge amount. Also, if you are a techie, I think you will find running a node quite fun. I am tech oriented, but had absolutely zero coding experience (besides learning some HTML way back in the day) before running a node. Starting my nodes got me more and more interested in the underlying tech. There is something incredibly cool about building a transaction and issuing it directly to the chain instead of going through a third party. It has turned into one of my hobbies, of which I have way too many.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 5, 2023 19:40:43
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j34fyi1/

No. You can get extra rewards from doing governance via AlgoFi Vault (because of the DeFi governance incentives). But, you don't get any benefit from NODLing your Vault.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 5, 2023 18:45:19
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j32v06o/

Your vertical leap increases 47%, your hair grows back, and you gain the ability to do pushups with no hands. Men want to be you and women want to be with you. Other than that, and the added security it provides to the network, no.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 5, 2023 13:01:56
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j2zh4pc/

I wouldn’t risk it. Especially if you want it to work for the eventual move to 10k.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 4, 2023 19:40:12
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j2yigll/

Agree. I was quoting that directly from the Algo dev docs, and should have clarified that point. 1 Gbps would only be necessary if you are a whale and therefor proposing all the time. The absolute floor seems to be 100 Mbps, even if you have a very small stake.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 4, 2023 15:57:44
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j2y03ma/

I agree. I’m not knocking DeFi, I’m just pointing out that incentivizing it can have unintended consequences. All the dApps can help and seem to be responding pretty well. Vendible and NFD launched nodes with their treasuries. Folks seem to be considering something similar to how you can NODL your vaulted Algo on AlgoFi. And, apparently AlgoFi is tinkering with something akin to delegation.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 4, 2023 14:06:43
/r/algorand/comments/103b0kw/pera_wallet_nft_rewards/j2xxnzp/

I assume they will keep doing them, since they are popular, but I haven’t seen anything official. As far as the NFTs from older periods, unfortunately you can’t claim them any longer.

Commented by /u/GhostOfMcAfee in /r/algorand on January 4, 2023 13:52:04
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j2xis9t/

They have an “Always Free” package that is robust enough to support the node requirements. I assume they are doing it to try to get people interested in it and hopefully pay for a package if their needs grow. The one wrinkle is that the after the first month, they will terminate the instances. But after that you can go in and recreate them and it should be good. The guide explains this all in better detail.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 4, 2023 12:21:20
/r/algorand/comments/1033qcj/governance_rewards_for_period_5_will_be_sent_on/j2wrmti/

I’ll try to remember to do it. It would help those seeking the info and others who don’t like seeing the board cluttered with the same post over and over.

Commented by /u/GhostOfMcAfee in /r/algorand on January 4, 2023 09:19:27
/r/algorand/comments/1033qcj/governance_rewards_for_period_5_will_be_sent_on/j2wllkx/

Stickied. Was about to do a similar post.

Commented by /u/GhostOfMcAfee in /r/algorand on January 4, 2023 08:30:22
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j2wk5ec/

Correct. Online stake dropped by nearly 1B in the past year but accelerated greatly in recent months. Down from around \~2.6B at its peak, IIRC, to around 1.7B now. That is around a 35% decrease. Right now, Inc holds \~33.8% online stake. Foundation holds \~11.5%. I audited all their respective wallets from their wallet list, checked their online status, and complied them here: https://docs.google.com/spreadsheets/d/1PkF9SMxCp89mSGlvVF3VQ0jrKq8uZrpTOBnRuWovyoE/edit#gid=538055508

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 4, 2023 08:17:37
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j2we54b/

A lot of it falls on us to run participation nodes. There are things they could do to help it, either by incentivizing consensus or by leaning on some of the bigger holders/partners to do their part (there are a whole lot of big wallets who are inexplicably not bothering to participate in consensus). But, they can't just snap their fingers. They do, however, need to grapple with this issue and search for a sustainable solution.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 4, 2023 07:18:43
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j2w7gg5/

I think it’s that, and a combination of what u/Boring_Skirt2391 mentions below. Bear market blues + DeFi being incentivized + TPS upgrades increasing hardware specs.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 4, 2023 06:01:27
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j2w734g/

Yeah, but the drop off is equally bad for participation nodes overall. Currently less than 200 total. It wasn’t long ago that we had more than that many proposing blocks.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 4, 2023 05:56:43
/r/AlgorandOfficial/comments/102vr4i/a_visual_representation_of_the_decline_in_online/j2w6vsh/

Yes. This chart is just proposers. A similar drop off happened with overall participation nodes based on my semi regular monitoring of those metrics, but I can’t find a nice chart for that.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 4, 2023 05:54:05
/r/algorand/comments/102euev/algorands_centralization_problem_explained_relay/j2v3xuf/

Stealing other people's assets is a little different than destroying your own. Again, I'm not saying it's impossible, I'm saying it's unlikely. I'm willing to give them the time put the things in place they need to in order to make it fully permissionless.

Commented by /u/GhostOfMcAfee in /r/algorand on January 3, 2023 22:42:40
/r/algorand/comments/102s6y6/rewards_perdiod_5/j2v1ek5/

It was not due the 31st. That's when the period ended. The payout will be on the 6th.

Commented by /u/GhostOfMcAfee in /r/algorand on January 3, 2023 22:23:13
/r/algorand/comments/102euev/algorands_centralization_problem_explained_relay/j2uxcy1/

It's not that I place trust in them. It's that I don't think they would want to commit complete financial suicide.

Commented by /u/GhostOfMcAfee in /r/algorand on January 3, 2023 21:52:58
/r/algorand/comments/102euev/algorands_centralization_problem_explained_relay/j2udybc/

Possible? Yes. Easy? I don’t think so. They would have to blacklist any relay that did not comply, which would border on suicide. I agree that they need to completely remove that possibility though.

Commented by /u/GhostOfMcAfee in /r/algorand on January 3, 2023 19:33:43
/r/algorand/comments/102kwkc/what_is_the_difference_of_yield_between_vanilla/j2u4xfh/

This post broke down what it was for last period. This should give a little bit of a hint for how it will be this time around. https://www.reddit.com/r/algorand/comments/1012rsm/calculating_governance_rewards_apr_free/

Commented by /u/GhostOfMcAfee in /r/algorand on January 3, 2023 18:32:23
/r/algorand/comments/101pkhn/24_of_the_algo_circulating_supply_is/j2ttrim/

>BUMS Indeed. It would be nice if Inc/Foundation leaned on some of the bigger holders to do consensus. For a lot of them, I’m suspect Inc/Foundation know who they are. It’s mind boggling to me that there are people/institutions holding millions of Algo and they don’t bother doing consensus, especially since there is no lockup.

Commented by /u/GhostOfMcAfee in /r/algorand on January 3, 2023 17:19:24
/r/algorand/comments/101pkhn/24_of_the_algo_circulating_supply_is/j2tsg6d/

Those are all Inc addresses.

Commented by /u/GhostOfMcAfee in /r/algorand on January 3, 2023 17:11:00
/r/algorand/comments/102euev/algorands_centralization_problem_explained_relay/j2t8gfw/

I think their bit about nodes not needing incentives is specifically about participation nodes. They most definitely know they must incentivize relays, hence why the original relays were handsomely compensated to agree to run them for a slate of years. It’s also why they are doing the community pilot program and compensating those relays. I think the purpose is to figure out how to tailor incentives long term and open it up to be fully permissionless. As far as whether all would censor Tornado, I’m not sure. They might do it on principle, but it would be a shitstorm if one refused and they suffered some backlash. Any pretense of decentralization would be shattered. Of course, it’s a possibility, which is why moving to fully permissionless is ultimately needed. But, unless everyone at Inc/Foundation are frauds when they say that’s where they want it to go, I don’t see how they could take retribution on a relay for not censoring transactions.

Commented by /u/GhostOfMcAfee in /r/algorand on January 3, 2023 15:10:11
/r/algorand/comments/101pkhn/24_of_the_algo_circulating_supply_is/j2t5lsg/

The linked guide in the post is for how to run a node on Oracle Cloud using their free service. So, if you follow that, it is zero cost.

Commented by /u/GhostOfMcAfee in /r/algorand on January 3, 2023 14:52:54
/r/algorand/comments/102euev/algorands_centralization_problem_explained_relay/j2swdeu/

It would take a pretty epic coordination effort for this to happen. Non-relay nodes can connect to multiple relays. On any round where that the non-relay node was connected to at least one honest relay, those transactions could not be stopped. And, as soon as the censorship was discovered, the non-relay node could configure itself to only connect to the honest relays. Yes, it would suck for that non-relay whose transactions were temporarily slowed, but for true censorship it would essentially require all of the relays to be in on the conspiracy. Yes, opening up relays to be fully permissionless is necessary IMO. And it is where they say they are headed. But, the supposed “centralization” of relays is not nearly as big of an issue as people make of it. Especially in the short term. And, long term, so long as it becomes permissionless, the number of relays is not really a critical issue so long as there are always enough to handle the network bandwidth. In fact, one could argue that the ability to configure non-relay nodes to connect only to specific relays actually makes Algo less prone to censorship than things like ETH. On ETH, something like 99% of blocks have adopted OFAC compliance to censor Tornado Cash. This is because mining is heavily concentrated in US and allied countries. The result is that it takes hours for those transactions to go through. If Tornado Cash were on Algo, it could just point its node to a single non-censoring relay. And if the relay structure were entirely permissionless, they could just set up their own relay and point their node at it.

Commented by /u/GhostOfMcAfee in /r/algorand on January 3, 2023 13:56:10
/r/algorand/comments/1023c8i/props_to_algofi_vaults_for_supporting_consensus/j2s5pu7/

Nice. I did not realize AlgoFi had an option for delegated consensus.

Commented by /u/GhostOfMcAfee in /r/algorand on January 3, 2023 11:08:53
/r/algorand/comments/1025jtr/governance_6/j2r8w6a/

The simplest way is going through the Foundation’s page. There are ways to maximize yield by going through DeFi liquid governance, but the simplest method is to keep them in your wallet and sign up through the Foundation’s website. Additionally, you do not need to send the Algo anywhere. They stay in your wallet. You just have to make sure your wallet balance remains above whatever amount you pledge. So, for instance, if you have 15k, you could decide to pledge 10k. All 15k remain in your wallet. You would have 5k to play around with however you like. But, if your wallet dips below 10k, for any reason for any length of time, you would not get the rewards.

Commented by /u/GhostOfMcAfee in /r/algorand on January 3, 2023 06:26:25
/r/algorand/comments/100rfye/staking_availabilty/j2pua6m/

I'll keep driving traffic. You put a ton of effort into it. It deserves it.

Commented by /u/GhostOfMcAfee in /r/algorand on January 2, 2023 21:39:20
/r/algorand/comments/101pkhn/24_of_the_algo_circulating_supply_is/j2pnest/

Yes. And Inc + Foundation is even higher. Folks here need to run a participation node and pressure their favorite DeFi protocols to do the same with their treasury. If you have hardware, I have links to guides on how to run a node. If you don't have hardware, I also have guides. There is nothing stopping anyone from running a participation node other than laziness at this point. And yet, we are STILL below 200 participation nodes. We must do better.

Commented by /u/GhostOfMcAfee in /r/algorand on January 2, 2023 20:54:39
/r/algorand/comments/101mt88/why_does_algo_only_go_to_two_decimal_places/j2oclhn/

The divisible unit is a microALGO. I am not sure what you are referencing. If it is from a CEX price readout, that’s on them.

Commented by /u/GhostOfMcAfee in /r/algorand on January 2, 2023 15:39:49
/r/algorand/comments/101lgmr/algocasino_chips_now_2_asa_on_vestige/j2obsm9/

> 🍻 I’ll drink to that

Commented by /u/GhostOfMcAfee in /r/algorand on January 2, 2023 15:34:44
/r/algorand/comments/101lgmr/algocasino_chips_now_2_asa_on_vestige/j2o3u4c/

Top hats off to you blokes. You all have been up there with AlgoFi and other upper echelon projects in terms of continuously building. It’s impressive, especially without big VC money behind you. Keep on keeping on.

Commented by /u/GhostOfMcAfee in /r/algorand on January 2, 2023 14:43:29
/r/algorand/comments/1019idl/ability_to_buy_usdc_directly_in_pera/j2makpo/

I can't comment on that. I genuinely don't know. hopefully someone here has some better advice. Regardless, happy not 2022!

Commented by /u/GhostOfMcAfee in /r/algorand on January 2, 2023 06:03:25
/r/algorand/comments/1019idl/ability_to_buy_usdc_directly_in_pera/j2m9h4k/

still shows up for me. Go to Discover. Type in USDC in the search bar. It pops up an option to buy USDC.

Commented by /u/GhostOfMcAfee in /r/algorand on January 2, 2023 05:48:30
/r/algorand/comments/1018ur4/how_to_get_notified_when_voting_phase_starts/j2m5s71/

This sub (and Official sub) posts about when voting opens up (just search "voting" within the sub. Pera app has been providing notifications to users when they open the app. Also, if you you check the governance page weekly starting at the beginning of each quarter, you should never miss any deadlines. No timeframe is more condensed than 1 week as of now.

Commented by /u/GhostOfMcAfee in /r/algorand on January 2, 2023 04:57:05
/r/algorand/comments/1017dum/is_it_okay_to_withdraw_liquidity_now/j2m07a8/

Yes. You can withdraw liquidity from LPs without impacting payouts from G5.

Commented by /u/GhostOfMcAfee in /r/algorand on January 2, 2023 03:40:20
/r/algorand/comments/zyjtvh/question_on_algo_longterm_value/j2l4uoz/

You clearly don’t know how these bots work. They swoop in, buy huge chunks of tickets, then list them on the secondary market with huge markups. It’s 100% a money making venture. And, it’s one where the venues see no additional royalties.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 22:17:47
/r/algorand/comments/1010c1i/receive_staking_award/j2kvsvh/

Normally takes a couple days after the end of the period. They are automatically deposited.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 21:07:38
/r/algorand/comments/100xgcm/folks_finance_governance_withdrawal/j2kkk9l/

Well, the transaction fees definitely aren’t 500 Algo. 😆 I’m not sure I have a great answer for you. I haven’t used Folks. If you don’t get an answer here, you might want to try r/FolksFinance

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 19:42:30
/r/algorand/comments/100xgcm/folks_finance_governance_withdrawal/j2khp52/

Well, I guess the obvious question is do you have enough Algos to cover the transaction fees? Keep in mind, you have Algos locked up for every ASA, NFT, and smart contract you are opted into.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 19:21:51
/r/algorand/comments/zyjtvh/question_on_algo_longterm_value/j2kgglq/

Oh really? So bots are just buying tickets and not reselling them? Wow. Sounds like a super profitable strategy and not at all another example of you making stuff up out of thin air.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 19:13:16
/r/algorand/comments/1003991/algorands_centralization_problem_explained_relay/j2kftsu/

It says nothing at all about Inc being able to dissolve the Foundation on a whim, or any of the other stuff you claim above. Again, you are just making this stuff up.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 19:08:54
/r/algorand/comments/zztfh5/algorand_state_proofs/j2k7svm/

I’m not sure I get what you mean. Those entities know everything they need to because they are centralized and can look at their own data to confirm their customer details.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 18:13:10
/r/algorand/comments/zztfh5/algorand_state_proofs/j2k6o8u/

No. State proofs are about reporting the state of a blockchain (eg proving A owns X amount of Token Y and it is locked in contract Z). It really makes no sense in the context of anything off chain. Really, what you are referring to would essentially be an oracle that translates off chain data into something usable on chain.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 18:05:19
/r/algorand/comments/zyjtvh/question_on_algo_longterm_value/j2k36aq/

Disagree. In current secondary markets the venues capture none of the markup. In an NFT secondary, the venues could receive royalties on secondary sales.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 17:41:16
/r/algorand/comments/zztfh5/algorand_state_proofs/j2k1t9k/

Yeah, but building a smart contract isn’t necessarily an easy thing, especially if you are dealing with a completely new thing like state proofs. Aside from actually constructing it, you also need to go through the audit process. And, even then, that only gets you one way communication (Algo state proof on chain X). To go from Chain X to Algo requires a separate light client on Algo. Algorand is still in the process of creating dev docs for how to build other chain light clients on Algo. This stuff all takes time. https://developer.algorand.org/docs/get-details/stateproofs/light_client/

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 17:32:01
/r/algorand/comments/zztfh5/algorand_state_proofs/j2jxqpp/

Pretty sure these are way too new to have integration into any other chain yet.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 17:03:37
/r/algorand/comments/1003991/algorands_centralization_problem_explained_relay/j2jt859/

Ahh. So no source then? Just the bitter postings of a jaded redditor. Got it. BTW, I’ve read the wiki. It says nothing of the sort nonsense you are claiming. You are just making stuff up at this point. Please read the rules.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 16:33:03
/r/AlgorandOfficial/comments/1001b6g/what_does_relay_node_censorship_actually_look_like/j2jprsg/

I think this is the correct formulation for how it could happen. But, for it to be complete censorship you would need 100% of the relays to be conspiring. Otherwise, your transactions would eventually hit a relay that was not conspiring and go through. I think that how long it would be delayed would be a function of how many relays are conspiring and how many relays a given client/participation node are connected to. This is similar to how a ton of ETH miners adopted OFAC compliance to censor tornado cash transactions. They still go through eventually, but only when they go through a miner that has not implemented the censorship protocol.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on January 1, 2023 16:09:39
/r/algorand/comments/1003991/algorands_centralization_problem_explained_relay/j2jj6fl/

>The Inc is centralized, and control all the core development of the protocol, trademark, and day to day operation so It could be easily to shut it down. It’s open source. If Inc disappeared, the community could theoretically step into that void. So long as there are relays and participation nodes going, the network continues. So, no, Inc can’t shut it down. At worst they could just throw up their hands and stop leading the development work. >The foundation … could be dissolve any time for any reason by the Inc. Please provide a source for your FUD. The Foundation is a separately created non profit. Inc has no direct control over them.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 15:27:29
/r/algorand/comments/100rfye/staking_availabilty/j2jbzey/

Try http://algotables.github.io

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 14:41:19
/r/algorand/comments/1003991/algorands_centralization_problem_explained_relay/j2j5b7q/

Not just that, but a lot of those relays are run outside of the USA. US authorities have no jurisdiction in those countries. Additionally, I don’t see how you could even meaningfully target transactions originating in a specific country. While web apps can check where your device’s IP is coming from, I am not sure if participation nodes transmit that to relays. Even if they did, are we really so naive as to think these countries don’t know about VPNs. So, it’s a completely pointless and futile effort.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 13:58:12
/r/algorand/comments/100591b/why_do_we_need_to_be_able_to_compensate_relay/j2hjkze/

It’s because the current relays were deliberately chosen and set up as workhorses. They run at extremely high levels. They have been compensated. New relays need study. They are working towards a permissionless system where anyone can run one and hopefully make a little money.

Commented by /u/GhostOfMcAfee in /r/algorand on January 1, 2023 04:38:18
/r/algorand/comments/zzx4su/tax_harvest_time/j2e7fkx/

That’s why I find tax loss harvesting to be a gamble unless you are super diligent about logging everything and paying exactly what you owe on all of it. Claiming a crypto tax loss will pique the interest of the IRS and make them go snooping. I would rather just hold long term unless it the tax savings are substantial.

Commented by /u/GhostOfMcAfee in /r/algorand on December 31, 2022 11:37:13
/r/algorand/comments/zzq2cz/can_algo_be_frozen/j2e3z3e/

The issue of decentralization of relays is a legitimate topic for discussion. And he is arguing this in a respectful way. He’s raising legitimate critique, even if most think he is wrong. The solution is to make intelligent counter argument rather than name calling or banning someone. So, I’ll give it a go. Were the 100 original relays centralized? Kind of, but not really. Yes, they were hand picked organizations. However, these were diverse and widespread entities both geographically and in type. The prospect of them actually conspiring to harm the network is so small as to be negligible. Think about it. This isn’t 100 people, it’s 100 institutions including a ton of universities all with their own internal structures. Second, to what end? Relays just direct traffic. All they could do is slow the network. So long as one Relay is online, the network continues. So, the master plan is to what? Slow the network down and tank their holdings, but not be able to double spend or do something else to offset losses? And today, the relay centralization argument is even weaker. The Community Relay Pilot Program has definitely opened up the relay pool to another dozen or so individuals and institutions who started new relays, further diversifying the pool of relays. Yes, the Foundation did select them from a list of applicants, but the pool is still made much more diverse. So, for the current relay structure to be a true problem, we need to assume that relays are run by irrational actors. They just want to burn the network and their investments down. They are capable of seeking out and coordinating with large majority of other relay runners across the globe who are similarly irrational. And, they can pull this all off without anyone raising red flags such that countermeasures can be put in place. Would it be better if we were fully permissionless? Yes. Should we shoot for that? Yes. Is the current structure a problem in the interim? No.

Commented by /u/GhostOfMcAfee in /r/algorand on December 31, 2022 11:13:10
/r/algorand/comments/zzq2cz/can_algo_be_frozen/j2d25rz/

Noamlgo has not freeze or clawback

Commented by /u/GhostOfMcAfee in /r/algorand on December 31, 2022 04:51:27
/r/algorand/comments/zyjtvh/question_on_algo_longterm_value/j294v7h/

I’m pretty sure they thought of this. That’s what encryption is for.

Commented by /u/GhostOfMcAfee in /r/algorand on December 30, 2022 10:29:10
/r/algorand/comments/zysxdk/algos_december_performance_for_anyone_that_needs/j27vfuu/

It’s nothing about being a tough guy. It’s a simple statement. If you are convinced it is going to keep going down hard, the rational thing would be to open a big ol short.

Commented by /u/GhostOfMcAfee in /r/algorand on December 30, 2022 02:20:05
/r/algorand/comments/zysxdk/algos_december_performance_for_anyone_that_needs/j27tsyl/

If you are certain it is in down only mode forever, by all means, open a 10x short. It’s free money? Right? Be sure to add extra margin at your calls. Be sure to post your trade confirmations so we can play along and see how you ultimately do. DCA + HODL crowd will just keep doing their thing.

Commented by /u/GhostOfMcAfee in /r/algorand on December 30, 2022 02:00:30
/r/algorand/comments/zyjtvh/question_on_algo_longterm_value/j26bj5v/

The stuff they build that has real world application never gets as much love as it should, probably because the most impactful real world use is not directed to retail. It’s not easy to hype, but it’s the sort of real use that drives it to mainstream use without anyone knowing it. Just a couple recent examples. https://www.prnewswire.com/news-releases/mapay-to-create-first-100-million-nfts-for-digital-health-records-on-the-algorand-blockchain-301697123.html https://cointelegraph.com/news/algorand-to-support-bank-and-insurance-guarantees-platform-in-italy

Commented by /u/GhostOfMcAfee in /r/algorand on December 29, 2022 18:42:00
/r/algorand/comments/zygote/i_missed_the_vote_why_was_there_no_post_about_it/j25w0eq/

I got tired of looking. There were actually several more.

Commented by /u/GhostOfMcAfee in /r/algorand on December 29, 2022 16:56:41
/r/algorand/comments/zygote/i_missed_the_vote_why_was_there_no_post_about_it/j25qal1/

There were. There were several. Pera also had notices in app. This is nobody’s fault but your own.

Commented by /u/GhostOfMcAfee in /r/algorand on December 29, 2022 16:18:51
/r/CryptoCurrency/comments/zy2my3/twitter_user_wakes_up_after_a_5_months_coma_and/j25pp4p/

Unlikely. The only thing on his plan of care is a diet of clear liquids. Nothing listed for monitoring & activity. That’s not what the plan of care for a recovering comatose victim looks like. If he was beyond the point of needing daily monitoring and activity to get motor functions back, he would be at home. He also would be back to a normal diet before then. Something is fishy.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on December 29, 2022 16:14:55
/r/algorand/comments/zxvuh4/name_algorands_strenghts/j25bk3y/

— Mathematically incapable of forking. You would have to wait until the heat death of the universe for a likely fork to happen. This makes it an ideal chain for backing of asset classes that need absolutely certainty in ownership. It’s one thing if monkey jpegs get forked into two competing assets. It’s quite another if you creat two competing securities or home deeds. —The perfect blend of being fast, cheap, scalable, instantly final, and a low barrier of entry to participating in consensus. Most of the more popular chains simply cannot compare with Algo on these technicals. It’s not even close. Those that rival or exceed in one category have significant drawbacks in another. SOL is really “fast”, but it’s finality is not much different than Algo. It’s TPS is bloated by on chain votes. And it’s consensus requirements are positively insane. Aside from the huge minimum SOL requirement, their system requires massive validator specs and they are generating 4 petabytes a year in state bloat. This to me also makes it unscalable in practice. —AVM. People generally think it’s a drawback that Algo went the route of a custom language and virtual machine instead using and EVM derivative. It is painful in the short term, but long term it unlocks more capabilities. —Continually leading the way in core cryptography tech. See Falcon Keys, State Proofs, Boxes, rekeying, etc.

Commented by /u/GhostOfMcAfee in /r/algorand on December 29, 2022 14:42:56
/r/algorand/comments/zxfftq/how_do_we_fire_staci/j23zzm1/

There are two more board members that never had headshots on the site. They have been on the board for since before Staci. https://twitter.com/StaciW_DC/status/1606393538085888035 Yes, they should do better in keeping things up to date. It’s not the first time they’ve been bad about doing so. When they aren’t good about it it lets FUDsters run wild with ever more grand conspiracies.

Commented by /u/GhostOfMcAfee in /r/algorand on December 29, 2022 09:27:15
/r/algorand/comments/zy0aex/algorand_foundation_still_not_setting_up_a_single/j23c9aq/

My opinion is that: (1) complaints or appeals re post removals should first be dealt through a message to mods. A post griping about how your other post was removed is probably going to get removed too. It’s passive aggressive. (2) Two different posts raising the same concerns can come off as wildly different. (“It should not take Foundation this long to provide transparency to their structured selling wallets” vs “Staci must be an idiot and can’t set up a wallet.”). Tone has an important role in determining criticism vs FUD. Modding is not fun. We get countless alerts and reports. We can make mistakes and we can differ in opinions on close cases. But one thing we agree on is we would rather spend time having fun in the sub than reviewing mod queues. So if you are looking to raise criticism about something, please consider the tone. It makes it more likely people will consider the point. It makes it less likely to be flagged as FUD by the community. That means we don’t have to spend as much time in mod queue. It means your post is less likely to get pulled as FUD. And, it means we can all save ourselves the time of threads like this.

Commented by /u/GhostOfMcAfee in /r/algorand on December 29, 2022 05:10:30
/r/algorand/comments/zxfftq/how_do_we_fire_staci/j238yub/

Silvio isn’t even in charge of the Inc. He is one of many stakeholders. And as far as the Foundations board, the only influence he has is persuasive. I’m sure they value his opinion and strongly consider it, but he’s not some all powerful dictator. He cannot compel them to do anything.

Commented by /u/GhostOfMcAfee in /r/algorand on December 29, 2022 04:25:00
/r/algorand/comments/zxfftq/how_do_we_fire_staci/j22081m/

The Foundation is a separate legal entity. You truly don’t know what you are talking about

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 21:01:46
/r/algorand/comments/zxfftq/how_do_we_fire_staci/j20yz1e/

First, no, it’s not a conflict. CEOs are almost always also member of the board and act as chair of the board. Look up literally almost every board of directors for any foundation or company. Second, no, she doesn’t control it. She is 1/5 of the board.

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 16:36:49
/r/algorand/comments/zwrnek/if_you_are_among_the_new_trollfudster_cohort/j20di14/

Well, it’s not securities, but sureties in Italy are supposed to be piloted in the upcoming year

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 14:15:12
/r/algorand/comments/zxfftq/how_do_we_fire_staci/j1zztjm/

You can’t. The board decides. The Board is not elected by us. You could propose an ARC that they make such a change (eg governance voting for retention of board members), or draft such a proposal during xGov.

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 12:45:29
/r/algorand/comments/zxf4hp/interview_about_postquantum_cryptography/j1zxc6k/

You will probably have better luck posting in the official sub that is maintained by the Foundation. r/AlgorandOfficial Also, you can try tagging some particularly active folks from Algorand on Twitter (eg @JohnAlanWoods @paulriegle) You could also try posting in the Algorand forum. https://forum.algorand.org Between all those, you should have decent luck.

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 12:29:19
/r/algorand/comments/zxd6wt/anyone_here_from_drone_racing_or_stacis_bike_club/j1zl34o/

You are about two weeks late to the angry pile on.

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 11:07:40
/r/meirl/comments/zwdke2/meirl/j1yeesz/

If you hit on them, they can take *your* photo and post it online calling you a creep. If you don’t hit on them, they post *their* own photo online with a bunch of crying emojis about how they can’t find a gym boyfriend. In only one of those scenarios are you publicly shamed and called names all while you have no clue you are the target. It is risk avoidance.

Commented by /u/GhostOfMcAfee in /r/meirl on December 28, 2022 03:46:07
/r/algorand/comments/zx0fno/pnetworks_algorand_bridge_robbing_my_fund/j1ycp51/

Don’t try to DM their Twitter. Tag them. Also, I can confirm that when I click their Discord link, it says “invites paused”.

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 03:22:29
/r/algorand/comments/zw35uw/fiat_for_tokens/j1yasy4/

Binance can do it because it is a centralized exchange. But, for it to work you need to be on their exchange. Bottom line is, to buy ASAs with real honest to goodness fiat, you need a large reserve of both fiat and the ASA. That only makes sense when the ASA is well established. If you don’t have deep liquidity, you will be paying for slippage that exceeds what you could get from buying Algo with fiat and then swapping via DEX. Maybe Pera or Defly could integrate something as part of Moonpay, but the problem is you will still be doing a purchase of either Algo or USDC (since those are the ones with real liquidity) and then swapping. And, it won’t be seamless because you must wait for the Moonpay transaction to land, which can take minutes or even hours.

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 02:56:46
/r/algorand/comments/zx0fno/pnetworks_algorand_bridge_robbing_my_fund/j1y9493/

Also, report them to Reddit proper so hopefully they get a site wide ban. They will pop up again with new accounts, but, its all you really can do until Reddit figures out an automated way to defeat these jerks.

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 02:34:18
/r/algorand/comments/zx0fno/pnetworks_algorand_bridge_robbing_my_fund/j1y8upt/

No. Not that I could find. The Foundation did partner with them. https://www.algorand.com/resources/ecosystem-announcements/pnetwork-and-algorand-partner-to-build-cross-chain-connections But yeah, I generally would opt for a bridge with more disclosure, transparency, and reachability

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 02:30:43
/r/algorand/comments/zx0fno/pnetworks_algorand_bridge_robbing_my_fund/j1y8lf4/

Yup. That’s why I warned you. Scammers all. Report them. Otherwise they may just find a more gullible victim. If you want, send me a DM of screenshots from Reddit users trying to scam you in DMs. I’ll hand out bans to keep those accounts from trolling the sub and trying to prey on community members

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 02:27:19
/r/nextfuckinglevel/comments/zwqrmp/the_neighbor_who_came_to_the_house_to_say_that_he/j1y82sy/

My brother and I reference this commercial with a strange amount of frequency. I find it quite odd how certain commercials seem to break through such that an entire generation can immediately recall them and meme off of them nearly 20 years later.

Commented by /u/GhostOfMcAfee in /r/nextfuckinglevel on December 28, 2022 02:20:40
/r/algorand/comments/zwrnek/if_you_are_among_the_new_trollfudster_cohort/j1y7eyp/

This is a point that people really don’t give enough thought to. Algo DeFi has performed quite well during this crypto winter. But, where would our TVL be if you included all real world assets backed by on chain NFTs/tokens?

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 02:12:12
/r/algorand/comments/zw35uw/fiat_for_tokens/j1y6a30/

That’s not buying ASAs with Fiat. That’s buying USDC or ALGO with fiat and then swapping. To buy ASAs directly with fiat, you need an exchange holding deep liquidity in both the ASA and actual dollars.

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 01:57:52
/r/algorand/comments/zx0fno/pnetworks_algorand_bridge_robbing_my_fund/j1y5zm2/

I tried to look up an email contact you could use. Had no luck. I would suggest trying Twitter or Discord, or making a new Telrgram account and trying to be as calm and straightforward as possible. I understand why you would be freaking out, but situations like this often mean people get angry and make accusations that get them ignored, blocked, or banned. Which is ultimately counterproductive. Just ask something to the effect of “I tried to bridge USDCa from Algo to ETH __ hrs ago. It has not arrived in my ETH account. Can someone from pNetwork tell me what is going on? Was it released? If so, to what ETH address? Here is the Algo tx ID of the transaction in question . . . “ Use a burner account if you are worried about disclosing info. Give them reasonable time to research and respond before following up. Try to keep a level head when following up. Also, be ready for scammers to try to DM you. Take screenshots of all your posts and any replies to document that you are just asking straightforward questions. If they aren’t responding after ample time to do so and polite follow up on your part, or delete/ban you just for asking questions, then you have proof.

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 01:54:17
/r/algorand/comments/zx0fno/pnetworks_algorand_bridge_robbing_my_fund/j1y08sn/

Do you have a transaction ID? That would be the first thing to use in investigating what happened and asking them about it. Also, did you verify the destination address is in fact your address? It could be that you either made an error in entering it, or it could be you have malware that malforms copy/paste functions.

Commented by /u/GhostOfMcAfee in /r/algorand on December 28, 2022 00:49:15
/r/algorand/comments/zwp0rj/check_out_this_find_algo_foundation_wallet_list/j1w2gw9/

Because it’s called a disclosure. The Council is a part of the Foundation. It’s headed by Massimo Morini, the chief economist for the Foundation.

Commented by /u/GhostOfMcAfee in /r/algorand on December 27, 2022 15:52:44
/r/algorand/comments/zwp0rj/check_out_this_find_algo_foundation_wallet_list/j1vzmq1/

Lol. They are referring to the Foundation’s Economic Advisory Council.

Commented by /u/GhostOfMcAfee in /r/algorand on December 27, 2022 15:33:47
/r/algorand/comments/zwn1xz/i_am_glad_people_are_having_fun/j1vm57h/

Removed this b/c it appeared to be a duplicate post.

Commented by /u/GhostOfMcAfee in /r/algorand on December 27, 2022 14:03:14
/r/algorand/comments/zw35uw/fiat_for_tokens/j1v39ws/

Really, this is something that is on the individual project rather than Inc or the Foundation. Using fiat to directly buy ASAs is not something that can be done in a generalized way. To do fiat to ASA, you need a service that is acting as a market maker with deep liquidity both in terms of dollars and the ASA. Essentially, it needs to be listed on an exchange.

Commented by /u/GhostOfMcAfee in /r/algorand on December 27, 2022 12:00:06
/r/algorand/comments/zw2fcp/why_does_survival_of_the_fittest_not_apply_to/j1uqkwk/

Instead of taking down the post and/or banning you (temporarily or otherwise). It would be the easier route, but I prefer not to do that. I’m simply asking you to chill out.

Commented by /u/GhostOfMcAfee in /r/algorand on December 27, 2022 10:32:09
/r/algorand/comments/zw2fcp/why_does_survival_of_the_fittest_not_apply_to/j1un56j/

You seem to be deliberately trying to stir shit . . . for “a chuckle”, as you say. Try going to an ETH sub, call it trash, mock other community members, tell everyone it is going to zero, and then see what happens. I’m being nice by simply asking you to chill.

Commented by /u/GhostOfMcAfee in /r/algorand on December 27, 2022 10:07:03
/r/algorand/comments/zw2fcp/why_does_survival_of_the_fittest_not_apply_to/j1um5ni/

See comment above re “Algotrash.” And, your comment below wherein you say your post has elements of trolling, your other comments where you say it is going to zero, your mocking comments wRiTtEn In AlTeRnAtInG font. You didn’t come here looking for answers. You came to vent anger, mock, and fight. Just chill.

Commented by /u/GhostOfMcAfee in /r/algorand on December 27, 2022 09:59:35
/r/algorand/comments/zw2fcp/why_does_survival_of_the_fittest_not_apply_to/j1ue01f/

Valid criticism is welcome. Trolling, name calling, and baseless FUD aren’t.

Commented by /u/GhostOfMcAfee in /r/algorand on December 27, 2022 08:52:49
/r/algorand/comments/zvrp6y/tps_turns_out_the_algorand_folks_were_sandbagging/j1uadit/

We could push more inner transactions within a block, but we couldn’t push bigger blocks. I’m wondering if the originator of this is someone testing the max ideal amount of those inner transactions. That is, someone testing much can you do and still have it reliably show up in the next block (since you may be competing with other larger transaction sizes).

Commented by /u/GhostOfMcAfee in /r/algorand on December 27, 2022 08:18:34
/r/algorand/comments/zvqucu/im_either_gonna_be_right_and_be_driving_a_lambo/j1rrj5k/

I was merely pointing out why gun manufacturers don’t get charged. I’m not saying your concept can’t be done. But, it would have to be run in an ironclad manner and Section 230 is looking like it may be overhauled. Regardless, if it becomes a haven of illegal content, feds will turn over every stone (including going after Algo Inc/Foundation and IPFS directly). Even if they fail, it’s going to be a very expensive fight with extreme potential consequences.

Commented by /u/GhostOfMcAfee in /r/algorand on December 26, 2022 16:59:51
/r/algorand/comments/zvqucu/im_either_gonna_be_right_and_be_driving_a_lambo/j1rngmu/

That’s in part because gun manufacturers were granted legal immunity to such claims. See 15 U.S.C. §§ 7901–7903. Even without the law, the 2nd Amendment would likely significantly curb such efforts to hold them liable except in extreme cases.

Commented by /u/GhostOfMcAfee in /r/algorand on December 26, 2022 16:29:33
/r/algorand/comments/zvrp6y/tps_turns_out_the_algorand_folks_were_sandbagging/j1quxf9/

Yeah. I’m wondering what the functional purpose of the calls were. Is it someone just showing off? Or is there some entity really needing 50k+ transactions in a single block? If so, for what?

Commented by /u/GhostOfMcAfee in /r/algorand on December 26, 2022 12:58:48
/r/algorand/comments/zvrp6y/tps_turns_out_the_algorand_folks_were_sandbagging/j1qp212/

Just saw that too. They must be super light transactions. I am curious what the purpose was and who is behind it.

Commented by /u/GhostOfMcAfee in /r/algorand on December 26, 2022 12:16:45
/r/algorand/comments/zq7i22/adoption_gifts_and_referrals/j1inqxm/

Ahh. I misread. You are right. As far as securely sending to people who don't have a wallet, couldn't you create something that relies on Google Authenticator to get around some of the security issues? The person would have to log in via their Google account and then enter the Authenticator code. Obviously, not as secure as generating your own keys, but still much better than sharing seeds via email. The best implementation would really need to generate seeds in a way where neither the sender nor the service provider can see them.

Commented by /u/GhostOfMcAfee in /r/algorand on December 24, 2022 12:53:06
/r/AlgorandOfficial/comments/zt6le7/algoseas_chirstmas_event_is_live_battle_the/j1hfdgy/

The page https://algoseas.io/rules explains it better. It’s a game where NFT characters you own will loot and fight in the background on chain based on a set rule system and probability. Results of that effect your loot stash and characters.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 24, 2022 05:54:48
/r/AlgorandOfficial/comments/zt6le7/algoseas_chirstmas_event_is_live_battle_the/j1he7e7/

That specific page is the secondary marketplace for the NFTs used in the game. But, the domain is correct.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 24, 2022 05:37:35
/r/AlgorandOfficial/comments/zt6le7/algoseas_chirstmas_event_is_live_battle_the/j1hdvow/

The link in the post is not the game’s website. Rather it is a general Algo new blog. The website for the game has the things you mention.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 24, 2022 05:32:48
/r/AlgorandOfficial/comments/zt6le7/algoseas_chirstmas_event_is_live_battle_the/j1hd2a7/

Well, for this particular game it makes little sense. It’s essentially a digital card based game with outcomes determined by probability.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 24, 2022 05:20:23
/r/algorand/comments/ztopk9/what_are_you_looking_forward_to_for_algorand_in/j1ga7k0/

I won't say what I expect. I'll instead provide a wish list. I hope that: xGovs is meaningfully implemented and we are able to write better Governance proposals. We make headway on incentivizing nodes through a system that achieves meaningful decentralization through the early years and puts a focus on active community users rather than giving a windfall to already NODLing whales. AlgoKit brings in a shit ton of new developers building cool new things. State proof light clients get implemented on multiple chains allowing cross chain interoperability and coin exchange without bridges. Foundation focuses like a laser beam on simplifying coding, simplifying nodes, attracting devs and bringing in new projects, rather than the fools errand of retail marketing. Vendible becomes a cross-chain system where non tech savvy people can hold self-custody without the fear of losing keys thereby unlocking a means of true mass adoption. OPUL and Lofty kick ass and show how real world use cases can accrete real tangible value . Integration of Algo SDK into Unreal and Unity demonstrates valuable new new test cases for use of NFTs for in-game collectibles (e.g. skins, weapons, armor) in traditional gaming platforms. Things like MApay and Bank of Italy's guarantee program spurs additional large scale test cases in other similar markets. US Gov't doesn't screw things up by making bad law that disincentivizes innovation.

Commented by /u/GhostOfMcAfee in /r/algorand on December 23, 2022 21:47:57
/r/algorand/comments/zsw9l8/clearing_up_some_misconceptions_about/j1cgu3v/

Thank you for your valuable contribution that in no way actually relates to the topic at hand. Albuquerque. See, I can do it too.

Commented by /u/GhostOfMcAfee in /r/algorand on December 23, 2022 02:20:25
/r/algorand/comments/zt3wbg/what_would_you_do_if_algo_blew_past_ath_tomorrow/j1bwlpx/

1) Sell my initial investment and hold the rest as free Algo until at least $10 and/or 2030. 2) Apologize to Staci for being cranky. The reason I wouldn't sell it all (or even most) is because it's an absurd scenario. For a serious L1 with a not insignificant market cap to 20x overnight, it would have to be the result of an absolutely insane buy pressure related to some truly massive news. No matter how bad the macro environment is, it would require such earth shattering news that people from other chains would then be dumping their holdings and FOMOing in at an unprecedented level. Basically, it would require some preposterous news like: Twitter is going to run on Algo + US and EU are both launching CBDCs exclusively on Algorand + Ticketmaster is adopting NFT ticketing.

Commented by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 22:54:29
/r/algorand/comments/zsw9l8/clearing_up_some_misconceptions_about/j1bnonx/

I am under no illusion that it has zero effect on price nor have I said so. Knowing that the limit sell orders will be there means some people sell out of fear. It also means less buy pressure, because why would I buy this coin when it's not giving me a Lambo next month? And, also I agree a 10% drop in 24hrs is is not as conservative as it should be. Inc seems to have a much better standard. Ultimately though, what I think is more corrosive on price to the downside is perpetuating the misperception that Inc and Foundation are out there "dumping" on retail nonstop. The fear that Foundation and Inc are just going to smash the market sell button and drive price down because they don't care about price declines or price stability is exactly the sort of fear that drives price down. It makes people panic sell their entire bags, even though they are at a loss, and decide they will never come back because they have decided it's all a scam and will never recover.

Commented by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 21:42:26
/r/algorand/comments/zsw9l8/clearing_up_some_misconceptions_about/j1bhtkf/

It's not artificial at all. First, you couldn't "flood the market" with X amount of algo "per day" unless there was at least X amount of buy pressure. Because, unless it chewed through X, you couldn't add a new X the next day. Second, throwing out numbers like 100M Algo is silly and is precisely why people need to actually read materials instead of making assumptions. In the \*entire 6 month period\* covered by the most recent transparency report, the Foundation only sold \~16.5M Algos, which \*well over half\* and nearly 1/3 the number they sold in the 6 month period before that. That is precisely because of the parameters I mention. Selling happens when there is buy pressure. Third, you seem to misunderstand what it means to be a market maker on the sell side. You are not a market maker on the sell side if "you get your bids low enough to be accepted." Instead, a market maker on the sell side puts a bid above the exchange spread and the order fills when the market price rises to their bid. This does not push the price down. What pushes the price down is people market selling.

Commented by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 20:56:45
/r/algorand/comments/zsw9l8/clearing_up_some_misconceptions_about/j1b815q/

You misread the purpose of the post. I too have issues with a number of things related to the Foundation. I've been quite vocal in some of those criticisms. And, I too believe they should focus on many of the things you list. The purpose of my post was not to say everything the Foundation has done is awesome. My purpose was to point out that the people in posts and comments blaming Inc and Foundation for price crashes and claiming they are recklessly "dumping" on retail, are incorrect.

Commented by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 19:40:43
/r/algorand/comments/zsw9l8/clearing_up_some_misconceptions_about/j1arvxq/

Ah. I was Misunderstanding you. Yes. That makes sense and is a fair point. Though it does assume they are being capital inefficient by opting to keep their .17 position open on OKX rather than closing it and opening up a .1705 position on Coinbase.

Commented by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 17:41:45
/r/algorand/comments/zsw9l8/clearing_up_some_misconceptions_about/j1ankgm/

1. Correct, assuming the drop is not below whatever floor price they set based on medium term market conditions. 2. That doesn’t really make sense as they are always a market maker. The price has to come up to them. What you say would only make sense if they sold into bids. 3. Valid questions. I don’t know the answer. I assume Foundation could resume the following day assuming the price did not fall below whatever “fixed threshold” price is. Or, in the case of Inc, whenever it “stabilizes”. It’s not clear exactly what that means, probably because it’s going to also be a bit subjective based on a variety of market factors.

Commented by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 17:10:48
/r/algorand/comments/zsw9l8/clearing_up_some_misconceptions_about/j1ajqiu/

It certainly can slow upward price movement to an extent if they happen to be engaged in structured selling at the time. But, the volume parameters put a limitation on that. If whatever their allotted volume is for that time has been exhausted, they can’t just keep piling in more orders. I’m not so naive as to think structured selling has zero effect on the market. But I wanted to clear up the misconception that Inc/Foundation are out there just mashing the “market sell” button over and over.

Commented by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 16:44:15
/r/algorand/comments/zsw9l8/clearing_up_some_misconceptions_about/j1acdf1/

No. “Dumping” would be market sales down through the order book that cause market price to decline. Any price *decline* is from *other* sellers. Whether those sales are from fearful people following the time honored tradition of to buying high and selling low, or from other entities funding operations, who knows. But the neither Inc nor Foundation “dump” Algo. Sales only happen when market price moves *up*.

Commented by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 15:54:59
/r/AlgorandOfficial/comments/zspz5s/why_is_algorands_tvl_dropping_its_currently_at_20/j19zad0/

>rapid and aggressive sales by the foundation and inc at *any price* This is false. Both Inc and Foundation have a requirement that sell orders must be set above market price and they cannot sell into bids. They also have limitations on (1) how much of the market volume their sales can account for; and (2) halting of sales if price drops a certain amount. This is all disclosed in their relevant transparency reports.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 22, 2022 14:28:47
/r/AlgorandOfficial/comments/zsrad0/proposal_node_operators_should_get_free/j19nh70/

If the Foundation is rebating it, then it seems like we are just talking about rewards with more complicated steps. The problem is that for 99.9% of users, it is not meaningful. So, I think it is highly unlikely to achieve the desired outcome of bringing on a lot of new nodes/stake. And even with arb bots, transaction fees are already so minuscule that you really would need to be doing an insane volume for those amounts to stack up.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 22, 2022 13:12:00
/r/algorand/comments/zsqmv3/what_is_algorand_missing_that_other_successful/j19fwi6/

They aren’t as established as DAI, obviously, but both AlgoFi and AlgoGard have overcollaterized stablecoins

Commented by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 12:23:33
/r/AlgorandOfficial/comments/zsrad0/proposal_node_operators_should_get_free/j19fi2x/

I see three issues with that plan. (1) it requires tinkering with the protocol itself. (2) It is not much of an incentive. You would need to be doing an insane amount of transactions for it to be meaningful. (3) it could open us up to essentially “free” DDOS attacks. A malicious actor in theory could set up a node w/ 1 Algo in it, and program it to issue millions of 0 Algo transactions.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 22, 2022 12:21:01
/r/algorand/comments/zrtpm5/why_is_algorand_dropping/j196rt4/

That was prime rate for a mortgage right now (basically the cheapest rate on any loan you can hope to get). Actually, I just checked and it appears it’s now 7.5%. I don’t know what the rates for big crypto loans are exactly. But generally, crypto loans (unless over collateralized) would have an even higher interest rate because of increased risk. And, yes. Institutions did actually do this. I did not pull $35M from nowhere. That is an example of an actual loan made by Foundation to Hodlnaut. In that case, they didn’t lend Algo, but rather lent USDCa.

Commented by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 11:24:25
/r/algorand/comments/zrtpm5/why_is_algorand_dropping/j1916lh/

They aren’t lending dollars. They are lending Algo. So, they aren’t selling anything. They take $35M worth of Algo and lend them. Upon the loan call, the borrowers repays with interest.

Commented by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 10:47:25
/r/algorand/comments/zrtpm5/why_is_algorand_dropping/j18al1w/

Really? Current APR on a mortgage (the lowest interest rate you will find on ANY use of money) is ~6.5%. Take a $35M and use it as liquidity for loans at that rate, that’s $2.275M a year. Is that not significant?

Commented by /u/GhostOfMcAfee in /r/algorand on December 22, 2022 07:04:59
/r/algorand/comments/zs654x/bringing_value_to_the_chain/j16uoqt/

It wouldn't be terribly difficult if you are shipping US only. Use NFTs that are composed of images of the actual item that you would deliver. You could tile multiple images together into a collage if you need multiple photos for different angles. Use the description to describe the item and provide other details. Make the NFT price the purchase price for the item. For shipping, you could either build in shipping to the price of the item if you use something like USPS that has flat rate boxes for items. Or, you could require the purchaser to use something like USPS [Collect on Delivery](https://faq.usps.com/s/article/Collect-on-Delivery). Require shipper to send an on chain follow up 0 Algo transaction from the wallet that purchased the NFT including shipping details and the ASA ID of the NFT so you can verify that they purchased and what they purchased. Boom, a fully on-chain store.

Commented by /u/GhostOfMcAfee in /r/algorand on December 21, 2022 21:25:47
/r/algorand/comments/zrtpm5/why_is_algorand_dropping/j1506fe/

As to Foundation? No. In fact, the opposite seems to be true. Because of market turmoil they sold less Algo (in raw terms, not just in $terms) in the 6 months covered by the [latest transparency report](https://www.algorand.foundation/transparency-report-oct-2022) than they did in the prior 6 months. They also have limits on how structured selling takes place, including how much of volume they can account for and halting during volatility. Additionally, one of those requirements is that the seller must set their orders above market price and cannot sell into bids. So, they can’t drive price down by just ripping through bids on the order book. And, while a large above market sell wall can spook people, it would be irrational for a seller who *must* set orders above market to structure the orders in a way that does so. As to Inc? It’s a little less clear. They haven’t put out an [Inc transparency report](https://www.algorand.com/resources/algorand-announcements/transparency-report-june-2022) since the summer. The numbers from that report aren’t terribly illuminating since the sales numbers cover a 14 month period. And, it’s difficult to know how much they currently have because the balance of the wallet addresses they list on their site don’t exactly jive with their expected total holdings. Either (a) the wallet list is not up to date; (b) they have a lot of Algo held in beneficial ownership that was deployed for lending, market making, in venture funds, etc and for one reason or another are not included in the wallet list; (c) they have sold an incredible amount; or (d) some combination of these. I don't think it is c, because like Foundation, they too impose limits on things like sales volume, not selling into bids, and automatic halting. However, given how long it has been since the last report and the lack of clarity around what is and is not included in their wallet list, it’s difficult to say for certain how much was or is being sold. Again though, they can’t sell into bids.

Commented by /u/GhostOfMcAfee in /r/algorand on December 21, 2022 13:36:44
/r/algorand/comments/zre9b8/pera_wallet_hides_algo_price_chart_why/j14bz7o/

You are reading that wrong. It’s showing a candlestick chart where each candle represents up to one day of price action. The app also isn’t hiding anything. The discover tab adds a bunch of news/informational stuff that wasn’t in prior versions. If they also kept the price icon on the Home Screen, the button layout on the Home Screen would be asymmetrical. It makes sense from to move pricing to the discover tab rather than make the layout wonky.

Commented by /u/GhostOfMcAfee in /r/algorand on December 21, 2022 11:01:42
/r/algorand/comments/zrbi7w/algorand_foundation_just_enriching_themselves_at/j12wvdf/

There actually is a lot (aside from admittedly piss poor marketing) that they do which people don't think about. Examples: setting up multiple hackathons and talent/grant pitch programs; vetting the code and feasibility of those proposals; coding up governance and the ability to pledge DeFi stake; devekioubg a 1 click node solution. There is a lot of fat that could be cut, but there is a lot that people don't think about.

Commented by /u/GhostOfMcAfee in /r/algorand on December 21, 2022 02:19:25
/r/BitcoinMarkets/comments/zraut9/daily_discussion_wednesday_december_21_2022/j12vlpc/

Why is there not a heavy metal album named antifragile?

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on December 21, 2022 02:03:31
/r/algorand/comments/zrbi7w/algorand_foundation_just_enriching_themselves_at/j12uvgw/

CC prohibits cross-posts (if you try to cross-post here, the auto mod will delete it), so the only way to share the same information from CC to another sub is via copy/paste. Also, transparency reports are on a 6 month timeline, so the dollars there are presumably those from the 6 month period of the report. The 30 mil would be accurate (actually an understatement) if those numbers are based only on the 6 months covered by the report. The only real question is what all does that entail. How much is salaries, rent, etc, and what does "other programs" mean.

Commented by /u/GhostOfMcAfee in /r/algorand on December 21, 2022 01:54:34
/r/algorand/comments/zrbi7w/algorand_foundation_just_enriching_themselves_at/j12szn9/

They actually do have some cash flow, though sometimes it ends up being a problem like with Hodlnaut and FTX. They have reserves and can get paid to provide it as liquidity for CeFi. CeFi pays interest of the purpose of having someone else provide capital for trading, borrowing, leverage, etc. Of course, the bankruptcy of those entities could have resulted in negative cash flow overall. I'm jJust pointing out that Foundation does have mechanisms for generating cashflow besides selling reserves.

Commented by /u/GhostOfMcAfee in /r/algorand on December 21, 2022 01:32:10
/r/BitcoinMarkets/comments/zraut9/daily_discussion_wednesday_december_21_2022/j12r4p9/

Good to know. I guess it makes sense that true miner "capitulation" happens a while before they actually close up shop and turn the machines off.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on December 21, 2022 01:10:40
/r/algorand/comments/zrbi7w/algorand_foundation_just_enriching_themselves_at/j12q2pr/

No. I would have deleted it though if it were a knowing copy/paste from a prior post in the sub.

Commented by /u/GhostOfMcAfee in /r/algorand on December 21, 2022 00:59:05
/r/algorand/comments/zrbi7w/algorand_foundation_just_enriching_themselves_at/j12p4gm/

It does. It violates rule 4.

Commented by /u/GhostOfMcAfee in /r/algorand on December 21, 2022 00:48:46
/r/BitcoinMarkets/comments/zraut9/daily_discussion_wednesday_december_21_2022/j12m1yi/

Core Scientific [filed for bankruptcy](https://www.cnbc.com/2022/12/20/bitcoin-miner-core-scientific-filing-for-bankruptcy-will-keep-mining.html). I assume they sold it all in advance of the news coming out, as that would essentially be a way to front run any potential negative price action from the news. Still, it could be an indicator of further miner capitulations.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on December 21, 2022 00:16:53
/r/algorand/comments/zqzbdk/argentinian_reddit_community_of_algorand/j1100cy/

Shoot. Sorry. I got sidetracked and forgot.

Commented by /u/GhostOfMcAfee in /r/algorand on December 20, 2022 16:47:30
/r/algorand/comments/zqzbdk/argentinian_reddit_community_of_algorand/j10tmld/

Congratulations on your World Cup win.

Commented by /u/GhostOfMcAfee in /r/algorand on December 20, 2022 16:05:31
/r/algorand/comments/zqsfa3/why_are_we_not_allowed_to_run_relay_nodes/j10thvi/

I agree we don’t need everyone to run one. But, not everyone would. It’s a finite pool of money, so at some point it becomes irrational to run if the motive is money. And yes, they don’t “win” like miners do, but that’s because they should all be sharing the network load. If relays weren’t performing up to snuff, they could be slashed based on performance metrics. You wouldn’t need a committee arrangement to do that. It’s an option, just not the only one.

Commented by /u/GhostOfMcAfee in /r/algorand on December 20, 2022 16:04:40
/r/algorand/comments/zqsfa3/why_are_we_not_allowed_to_run_relay_nodes/j0zvfcz/

They started this process last year. I am pretty someone from either this sub (or Official) was among those selected. https://www.algorand.foundation/news/community-relay-node-program

Commented by /u/GhostOfMcAfee in /r/algorand on December 20, 2022 12:26:44
/r/algorand/comments/zqsfa3/why_are_we_not_allowed_to_run_relay_nodes/j0zusu8/

They can, via the fee sink. Right now they have the community relay pilot program where they selected a group from the community to run relays and compensate them from ecosystem development reserves. They are figuring out what sort of long range compensation would be needed for relays and how to open it up to anyone who wants to run one.

Commented by /u/GhostOfMcAfee in /r/algorand on December 20, 2022 12:22:46
/r/AlgorandOfficial/comments/zpvimo/ible_city_nfts_tied_to_virtual_land_for_vendible/j0zdgbj/

I get some of what you are saying. I personally don’t think Metaverse stuff is all that compelling. But that isn’t what Vendible is. It’s core product is the sovereign key recovery system. This digital land thing just seems like a way to increase engagement and incentivize people to do beta testing.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 20, 2022 10:28:24
/r/AlgorandOfficial/comments/zpvimo/ible_city_nfts_tied_to_virtual_land_for_vendible/j0ygpqa/

I don’t think you have actually looked at the project. It is not at its core an NFT venture... At all. It is a way for people who are either unfamiliar with crypto or who aren’t as savvy as us to hold coins on multiple chains without fear of losing their keys. It also has a way to further pseudoanonoymize transactions. There is no token. This is all just about testing the project

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 20, 2022 05:06:23
/r/AlgorandOfficial/comments/zpvimo/ible_city_nfts_tied_to_virtual_land_for_vendible/j0y8c4l/

That's a bit uncharitable. Even if you think the artwork is not great, it is for people who either have already purchased NFTs for utility purposes or those who beta test. This seems like a gratuitous offering that is mostly for fun. Even if you don't like the whole "virtual land" thing, it is worth looking into the actual product they are building. I'm not a fan of meta verse type stuff in general, but the actual product they are trying to build has nothing to do with that. It is like sh\*tting on Pera because their Governance NFTs don't look amazing.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 20, 2022 03:07:03
/r/algorand/comments/zq5xsy/hope_it_goes_down_further/j0y74n3/

He's a troll. He has a history of trolling here and elsewhere on crypto subs.

Commented by /u/GhostOfMcAfee in /r/algorand on December 20, 2022 02:51:06
/r/algorand/comments/zq5xsy/hope_it_goes_down_further/j0y60d2/

See Rule #3. Please provide a credible source before posting misinformation or baseless FUD. Your post history here as well as other subs is trolly. You have a history of doing low quality posts in multiple crypto subs stating only that you hope whatever coin the sub is about goes down further or that the coin is going to zero. Your follow up comments are similarly trolly and seem designed to antagonize. This includes posts in r/Bitcoin about how BTC is going to zero. You've done this in this sub on prior occasions. Legit criticism is one thing, trolling is another.

Commented by /u/GhostOfMcAfee in /r/algorand on December 20, 2022 02:36:19
/r/algorand/comments/zqgxgw/myalgocom_asset_manager_disappeared/j0y1y6d/

I believe this post was removed because it has a link in the title. Repost without links. Also, for something as well known as MyAlgo, you can just reference it by name without the link. Links to sites that allow people to input seeds (e.g. wallets) are discouraged because it can lead to people losing their crypto if they enter seeds on a shady site that they arrived at via a link.

Commented by /u/GhostOfMcAfee in /r/algorand on December 20, 2022 01:45:04
/r/algorand/comments/zq7i22/adoption_gifts_and_referrals/j0y1a5a/

I believe that is what Algodex Mailbox does. Not including a link because you should generally not follow links to anything that will ask you to connect a wallet. Find the Algodex website. It has a dropdown for Mailbox.

Commented by /u/GhostOfMcAfee in /r/algorand on December 20, 2022 01:37:04
/r/algorand/comments/zq57c3/putting_an_end_to_these_baseless_rumors_once_and/j0wxdau/

I don’t think she’s saying they aren’t going to disclose the wallet address, just that they won’t disclose ahead of time that they are making a sale. That makes sense.

Commented by /u/GhostOfMcAfee in /r/algorand on December 19, 2022 19:51:51
/r/algorand/comments/zq57c3/putting_an_end_to_these_baseless_rumors_once_and/j0wwt16/

Her tweets predate my hissy fit. I think this was the result of Zeus and others on Twitter complaining about the bike thing and wondering if bikes/DRL were forcing the Foundation to dump coins to fund those commitments.

Commented by /u/GhostOfMcAfee in /r/algorand on December 19, 2022 19:47:33
/r/algorand/comments/zq1d6l/is_the_mooch_selling/j0vqops/

Thanks. That’s what I thought, but I wasn’t sure since he has been on several shows recently.

Commented by /u/GhostOfMcAfee in /r/algorand on December 19, 2022 14:54:11
/r/algorand/comments/zq1d6l/is_the_mooch_selling/j0vq5n7/

He was on a show recently (can’t remember who the host was but I think someone here linked to it) and said he hadn’t sold even though he was getting strong pressure to do so.

Commented by /u/GhostOfMcAfee in /r/algorand on December 19, 2022 14:50:44
/r/algorand/comments/zpm87n/does_anybody_have_suggestions_for_improvement_of/j0vliu2/

GovernorHat. I’ve been griping about nodes declining and the need for some sort of incentive program. Kinda the same thing I posted here previously, but a little more in depth with a spreadsheet of all Inc and Foundation wallets.

Commented by /u/GhostOfMcAfee in /r/algorand on December 19, 2022 14:20:20
/r/algorand/comments/zpa0r3/its_up_to_us/j0thp7h/

c'mon u/Benderova, we need some pics of Gov Hat on a kangaroo!

Commented by /u/GhostOfMcAfee in /r/algorand on December 19, 2022 02:56:29
/r/algorand/comments/zo640c/i_tried_to_investigate_which_projects_are_running/j0p8aft/

Sorry. I've been preoccupied with the bombs I set off on Twitter (and with traveling to see family for xmas). Just wanted to say thanks, and I appreciate the effort to get dApps looking into using treasuries to secure the network. It is an untapped resource and very proactive thinking. Kudos.

Commented by /u/GhostOfMcAfee in /r/algorand on December 18, 2022 06:24:19
/r/algorand/comments/znuta7/screw_it_2030_it_is_happy_crypto_winter_everyone/j0k7tvx/

You are. You fancy bastard. And have a Merry Christmas.

Commented by /u/GhostOfMcAfee in /r/algorand on December 17, 2022 02:10:36
/r/algorand/comments/znrevt/algo_briefly_goes_to_018/j0k7c1b/

![gif](giphy|MBUxgeKmMysGevOs80|downsized) what it feels like to hold an Algo bag right now

Commented by /u/GhostOfMcAfee in /r/algorand on December 17, 2022 02:04:26
/r/algorand/comments/znvg28/highest_buy_pressure_i_have_seen_on_coinbase_ever/j0jz55p/

Yes. They put user funds on cold wallets and pledge them in Governance. Skim rewards, then pay out a reduced amount to users after a gov period.

Commented by /u/GhostOfMcAfee in /r/algorand on December 17, 2022 00:28:01
/r/algorand/comments/znuta7/screw_it_2030_it_is_happy_crypto_winter_everyone/j0jwuew/

Oh Pets\[dot\]com, you lovely business school case study you.

Commented by /u/GhostOfMcAfee in /r/algorand on December 17, 2022 00:04:03
/r/AlgorandOfficial/comments/znb6xb/do_you_believe_an_expert_governor_should_run_a/j0ipv8q/

I link to a guide for running a node for free on an oracle cloud. If you do that, it doesn’t matter what your internet connection is because it runs in the cloud.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 16, 2022 18:00:33
/r/AlgorandOfficial/comments/znb6xb/do_you_believe_an_expert_governor_should_run_a/j0iprjm/

They can still vote in general governance. The question is whether the “expert” in expert Governor’s should really have meaning and involve a commitment of something besides locking up algos and voting (which isn’t much different than regular governance). Also, as I point out, there is a way for you to run a node with no equipment necessary.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 16, 2022 17:59:47
/r/AlgorandOfficial/comments/znb6xb/do_you_believe_an_expert_governor_should_run_a/j0ip1mb/

No. There aren’t. There are now less than 200. I thought we had thousands too. But if you dig into it, that number is the total node count. That includes client nodes that are not participating in consensus (eg dApps that need a node to push transactions but that don’t do consensus). Client nodes without an online stake do not help decentralization. Go to the Algo metrics page. It will tell you the number of nodes that participated in consensus for the trailing 7 days. Mathematically, even the tiniest holding would have participated in a vote if it were online. So, that number is a good proxy for the total number of nodes actually securing the network. As of right now, that number is 191.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 16, 2022 17:54:28
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0ilzt8/

xGovs don’t determine transaction fees. That would require a change in the Algo code and would have to be adopted by 90% of online stake. And, this really wouldn’t make all nodes incentivized. It would make running a node a requirement to be an xGov and get the incentives of an xGov. Node runners who don’t do xGov would not get incentives. It is an imperfect solution but it’s miles ahead of the current situation.

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 17:32:05
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0gad51/

Even if we differ on view, I welcome hearing it because I know you will be honest and well thought out. I just want you in the conversation

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 07:51:32
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g8e4n/

okay. I'll get you squared away. But, it will have to be later. I've been up way way past my bed time. I did not plan for the reddit and twitter deluge I got and I do not have a ready guide for windows. I'll need to test it out so I have good instructions.

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 07:32:15
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g7fj9/

Valid point, and I appreciate your opinion, and love you to death for being an OG NODLer. Now get in the Github. ![gif](emote|free_emotes_pack|grin)

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 07:22:08
/r/AlgorandOfficial/comments/znb6xb/do_you_believe_an_expert_governor_should_run_a/j0g6war/

The notion of "allowed to" is silly here. It is like saying you should be allowed to eat popcorn while being an xGov. Of course you can. Nobody would ban you. The question is whether securing the network should be a requirement for being an "expert" governor.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 16, 2022 07:16:25
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g6iao/

Is it a tower or a laptop, because laptops go to sleep. Towers can be made to run in the background, but laptops are PITA. I made a second node on a MacBook Pro and it was nothing but fits because of it. I'm just checking before I start trying to convert instructions to PC

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 07:12:10
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g63ui/

![gif](giphy|3o7TKF1fSIs1R19B8k)

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 07:07:46
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g4p08/

does it have 24/7 uptime? If so, I can walk you through how to run a node on it. If not, the d13 guide is probably the best as it runs on the cloud and does not rely on your computer being plugged in and running

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 06:51:45
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g49ti/

My man. I love you. So happy to see you heeding the call.

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 06:46:53
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g3c3h/

don't use the MacBook. Try the oracle cloud version. Nodes need 24/7 uptime, which a laptop will not do. The cloud will do it though, and it is free. If you have a snag, reach out to me. I will help as much as I possibly can,. And again, go to the Github and press this issue. We have a chance to make this a requirement. It is fantastic that people are waking up, but we must make it a pressure point and a requirement for xGov. This is the most surefire way to giving NODLers a benefit, which I have made a passion project for as long as I have been around. Go to the ARC and voice your opinion on the Github.

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 06:35:46
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g2vjh/

No idea. I'm just sharing resources on how to do it with zero dollars. I would love, love, love for someone to make another guide that does this on another cloud server.

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 06:30:00
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g2nc0/

depends on if you are buying hardware or doing the free oracle cloud. If you are going the cloud route, it is all taken care of.

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 06:27:07
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g2j9x/

it is hard to beat free. And I didn't do the free guide. Chalk that up to u/d13co

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 06:25:42
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g2bn8/

you can put your Algos go to consensus and be the solution or sell. That is your prerogative. The choice is yours. I'm here, as I have been, doing my part to decentralize and secure things. The fact that you have been blissfully unaware is your issue. This is a problem on many chains, you are just getting the straight dope now because someone here decided to say it. Secure the network or don't. That's all on you.

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 06:23:00
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g1msp/

Calling known NODLers: u/BioRobotTch; u/ArsVolta; u/Makalfe; u/Dylan7675; u/mattstover83; u/SilentRhetoric; u/ajsexton; u/Mjrice; u/Polycelis; u/1mhereforthememes u/Arafel_Electronics; u/mawthoughts; u/Complete-Price511; u/PyroInferno; u/neon-jim-jams; u/scoumoune; u/Alert-Potato-4912; u/the_baboos; u/StickyThwomp; u/jason_devs; u/Lonehousewife; u/bananallamanuts

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 06:14:07
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0g0772/

ding ding ding. Now go to Github. We have a chance to be heard because we are way more likely to put in a comment on a commit than NFT creators and Yield chasing degens are. Now go get at it.

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 05:55:10
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0fxz79/

get on Github. That is where decisions will be made.

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 05:24:03
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0fxmv0/

This is a problem of motivation, not complexity. A whole gang of people here have been making nodes easier and easier to run. We have put out step by step guides that are copy/paste. Anybody who wants run a node can do it. We have given up dozens upon dozens of hours of time. We were doing it when there was no benefit at all. And yet here we are. The only thing holding Algonauts back is a lack of will. We have a chance to incentivize it by making it a requirement of the incentived xGov program. If we don't do this, then we should expect the last remaining independent nodes to nosedive. Shit has to change.

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 05:19:09
/r/algorand/comments/znb0wm/do_you_believe_an_expert_governor_should_run_a/j0fwm2f/

and that is the point. The current ARC gives us a way to demand it. xGov will be incentivized. Demand that xGovs have a node. Boom. Incentivized nodes. Go get on GitHub and represent NODLers who have been doing this for free for way too long.

Commented by /u/GhostOfMcAfee in /r/algorand on December 16, 2022 05:04:35
/r/0xPolygon/comments/zmqlp9/donald_trump_releases_his_first_nft_collection/j0dned6/

“All this talk about building bridges, I don’t like it. That is how you get migrant coins. And when they send coins, they aren’t sending us their best. They are Doges, Shibas, Baby Inus, and some, I assume, are good coins. So I say, no to building bridges. Build a wall. When I am president of Polygon NFTs, I will build a great wall and make Cardano pay for it.”

Commented by /u/GhostOfMcAfee in /r/0xPolygon on December 15, 2022 16:53:10
/r/CryptoCurrency/comments/zmvc9l/donald_trumps_major_announcement_is_grifty_nft/j0dkiyh/

“All this talk about building bridges, I don’t like it. That is how you get migrant coins. And when they send coins, they aren’t sending us their best. They are Doges, Shibas, Baby Inus, and some, I assume, are good coins. I say, no to building bridges. Build a wall. When I am president of Polygon NFTs, I will build a great wall and make Cardano pay for it.”

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on December 15, 2022 16:34:12
/r/0xPolygon/comments/zmqlp9/donald_trump_releases_his_first_nft_collection/j0digpy/

“All this talk about building bridges, I don’t like it. That is how you get migrated coins. And when they send coins, they aren’t sending us their best. They are Doges, Shibas, Baby Inus, and some, I assume, are good coins. I say, no to building bridges. Build a wall. When I am president of Polygon NFTs, I will build a great wall and make Cardano pay for it.”

Commented by /u/GhostOfMcAfee in /r/0xPolygon on December 15, 2022 16:20:42
/r/algorand/comments/zky9cf/i_wish_i_had_invested_in_polygon_instead_of/j0d5dw2/

Just more value extraction from retail. As cringe as those are, though, it actually wouldn’t surprise me if the people buying those god awful things actually want them. “Hey babe, look at my NFT of Trump riding an eagle with laser eyes.”

Commented by /u/GhostOfMcAfee in /r/algorand on December 15, 2022 14:57:10
/r/AlgorandOfficial/comments/zmswrs/what_does_it_mean_that_algorand_is_iso_20022/j0d29bh/

ISO 20022 is essentially just a set of message formatting instructions. Pretty much any chain with a large enough notes field could send ISO 20022 messages if the sender constructs the note field in the right way. There is no such thing as a *chain* being being ISO 20022 “compliant”. There is no accrediting body. Instead, either the *message itself* is constructed in a way that is ISO 20022 compliant, or it’s not. Can Algorand send ISO 20022 compliant messages? Yes. Is that particularly unique? No.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 15, 2022 14:37:16
/r/algorand/comments/zmrekp/algorands_role_in_a_multichain_world/j0czzmo/

It’s one of the most under appreciated features IMO. The inability to fork means there are a huge set of tokenized assets where Algo is the logical best home (e.g. securities, IP rights, real estate interests, and digital titles to tangible goods, just to name a few). For assets with a centralized decision makers (e.g. issuers of securities) these problems could be mitigated by them declaring in advance which fork they will recognize. But, it’s a headache for everyone.

Commented by /u/GhostOfMcAfee in /r/algorand on December 15, 2022 14:22:31
/r/algorand/comments/zmrekp/algorands_role_in_a_multichain_world/j0cwymz/

Even if L2s on ETH become the primary crypto protocol with ETH as settlement later, other chains will carve out niches. There are some things that just cannot work on a chain that can fork. It’s no big deal if you get duplicate monkey jpegs. It’s quite another if you get duplicate competing claims of ownership in a real world asset.

Commented by /u/GhostOfMcAfee in /r/algorand on December 15, 2022 14:02:48
/r/algorand/comments/zmlyvm/no_crypto_has_any_mass_adoption_why_so_much_hate/j0cfmxa/

You mean DRL and bikes … the things that were announced a long long time ago? Hmm, I wonder why the outcry is now rather than when they were announced?

Commented by /u/GhostOfMcAfee in /r/algorand on December 15, 2022 12:12:39
/r/algorand/comments/zmlyvm/no_crypto_has_any_mass_adoption_why_so_much_hate/j0c1wcj/

The hate is coming from angst over price action. Algo actually is a popular coin in the CC sub. But that also means when price action sucks and we are bleeding for a year during a crypto winter, there are a lot of salty folks. Aside from people trying to FUD competing projects for psyops, people generally don’t complain about coins they don’t hold.

Commented by /u/GhostOfMcAfee in /r/algorand on December 15, 2022 10:44:22
/r/algorand/comments/zmbs00/next_governance_start_time/j0a7tth/

Sign up usually extends at least 2 weeks after the start of the quarter. You should be fine. Just register as soon as you get back. And, enjoy your vacation!

Commented by /u/GhostOfMcAfee in /r/algorand on December 14, 2022 23:19:12
/r/algorand/comments/zl9spe/vendible_has_released_its_white_paper/j08hx1n/

Are you in their discord? That seems to be where most activity is in terms of developments. I’m not very good at staying active in it though since most of my internet/social media time is Reddit.

Commented by /u/GhostOfMcAfee in /r/algorand on December 14, 2022 15:51:17
/r/algorand/comments/zl9spe/vendible_has_released_its_white_paper/j077kvu/

Good deal. They are supposed to be putting out periodic explainers that break down the various sections of the white paper, but specific questions probably have the best chance of getting answered on Discord. I’m interested in giving it a spin not so much because I worry about losing my keys, but because I want to help get it ready for prime time. It’s an ambitious idea, and once full code and audits drop, you know other chains will be trying to copycat it (assuming they have the requisite tech). The better it functions for users at launch, the better chance it has of getting cross chain adoption.

Commented by /u/GhostOfMcAfee in /r/algorand on December 14, 2022 10:57:40
/r/algorand/comments/zlaf0u/game_changing/j05tkod/

It's quite a bit different. Unreal and Unity engines are used for developing highly polished games for all kinds of platforms (things like PUBG, Gears of War, Fortnite). Integrating NFT in-game purchases seamlessly with polished games in a way that doesn't require the person to know that they are using blockchain would be a big deal. Still a long ways off, but I think indie developers might try to showcase it.

Commented by /u/GhostOfMcAfee in /r/algorand on December 14, 2022 02:25:34
/r/algorand/comments/zlgitw/algorand_cant_catch_a_break/j05ev7r/

If Binance fails, we got bigger problems than whatever nominal amount of USDCa got lent to them by Foundation.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 23:47:25
/r/AlgorandOfficial/comments/zl4jdb/concerns_about_the_opacity_of_algorand_apps_and/j053ks3/

I have no idea if people from Rand Labs (the folks behind Algoexplorer) ever come here. You might have better luck by requesting it directly on their site, or maybe through twitter (@randlabs). This does sound like a helpful feature for those that need it.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 13, 2022 22:11:18
/r/algofi/comments/zlb5pq/algofi_is_saying_my_address_is_malformed_and_i/j04vpy8/

What browser? Maybe try a different browser. I forget which one it is, but one of them has trouble because of some default setting in the browser.

Commented by /u/GhostOfMcAfee in /r/algofi on December 13, 2022 21:10:43
/r/algorand/comments/zlaf0u/game_changing/j04o3zi/

Hopefully some cool indie companies can use this to showcase how NFTs can be used for in game items (e.g. skins, rare weapons, etc.) with a secondary market that provides additional revenue back to the game developer. Then, maybe some of the big boys will try it out. Epic Games is the developer of Unreal Engine, and they put out some of the biggest games as far as in-game items are concerned. If they ever decided to utilize such a structure, it would be pretty, well . . . Epic.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 20:13:28
/r/algorand/comments/zkeq0r/whales_dumping_is_a_good_thing/j04mbvp/

As I said, it was purposefully extreme. But it is demonstrate a point. A decidedly lopsided direction of sells or buys by retail can push price regardless of whale involvement. That is how blow off tops and capitulation events happen. I mean, do you really think that crazy time Algo spiked like 50 cents to hit its cycle peak in the span of 30 minutes was because whales were buying like crazy? Get real. That was sudden retail buy pressure outstripping order books and causing a cascade up.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 20:00:06
/r/algorand/comments/zkeq0r/whales_dumping_is_a_good_thing/j047939/

You seem to be missing what I’m saying. I’m not saying whales *don’t* effect price. I’m simply disagreeing with your statement that “the *only* people who can move price are whales.” For simplicity, imagine an order book where these are the *only* buy orders. Price - Algo volume .23 500 .22 1000 .20 2000 .15 2000 Now imagine I market sell 3501 Algos. The price is now $.15. Is this extremely simplified? Sure, purposefully so. But it illustrates the point that you do not need a whale to dump to cause price to drop (nor do you need whale buys to do the reverse). All you need is low volume on the order books and a significant imbalance between buy and sell pressure.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 18:11:38
/r/algorand/comments/zkeq0r/whales_dumping_is_a_good_thing/j03vrl0/

Price can down without whales. Price goes down when sell pressure exceeds buy pressure. If there is no volume on the buy side, a market sell of nominal volume can crash price.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 16:54:53
/r/algorand/comments/zkwhbi/is_a_single_person_in_this_reddit_from_algorand/j03v6br/

The demographic is ideal, the amount just seems high. I’m actually less bothered by the DRL thing than the bike stuff. It has potential value in some of the technical implementations they were planning. I just doing think the ROI on it will actually be positive.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 16:51:09
/r/algorand/comments/zkwhbi/is_a_single_person_in_this_reddit_from_algorand/j03tk5b/

I agree. Attempts to market to retail are generally a flop. I have yet to see any example of successful retail crypto marketing (for any chain) besides shady influencer driven stuff talking about going to the moon and making lots of easy money. I would prefer that Foundation dump that money into promoting development of dApps that people outside of crypto actually want to use and/or makes their life easier.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 16:40:55
/r/AlgorandOfficial/comments/zl6m17/if_its_free_to_use_the_block_chain_then_why_buy/j03r1w9/

Law of supply and demand. Non-speculative demand comes from (1) the need of Algo to make transactions, hold assets, and use contracts; (2) intrinsic value of holding Algo to decentralize/secure the network if you or your institution stores significant value of assets on chain. Example: The MApay announcement of 100M utility NFTs for healthcare industry in India equates to 20M Algo demand just to hold the NFTs in the new wallets. That doesn’t even include mint, transfer, and subsequent transaction fees for use.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 13, 2022 16:25:22
/r/algorand/comments/zky9cf/i_wish_i_had_invested_in_polygon_instead_of/j02zwtq/

NFT collectibles by corporations are not necessarily vaporware, but they are largely pointless. If people didn’t think that by buying them they could flip them for more money, my bet is that the demand would largely dry up. Most of the demand is not because people want it, it is because they are speculating. And, companies are doing what they do best, extracting value from retail. So, naturally, they are generally going to go to the platform with the most retail revenue to extract. As far as Stripe, yeah, that’s a good get.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 13:40:15
/r/algorand/comments/zky9cf/i_wish_i_had_invested_in_polygon_instead_of/j02h1pn/

Polygon has a fine product and it has performed better in price so far. But, I don’t think it’s ceiling is as high as Algorand’s precisely because Algorand’s focus is less on retail and more on business. A lot of the flashy retail focused stuff is vaporware and/or pointless.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 11:42:06
/r/algorand/comments/zk4vr0/why_do_we_keep_dropping/j02aj5j/

Pretty much everything has been in down only mode for the past 12 months. You are not comprehending what I’m saying there. I’m saying that coins decouple from overall market. Decoupling down from the market for a few days is no more indicative of “forever down” than last months moves where indicative of “forever up”.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 10:56:55
/r/algorand/comments/zkwhbi/is_a_single_person_in_this_reddit_from_algorand/j0224dh/

What’s ironic is that a year ago, a lot of people’s main complaint about the Foundation was that it didn’t do much advertising.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 09:52:57
/r/algorand/comments/zk4vr0/why_do_we_keep_dropping/j01rqiw/

Algoexplorer usually only names the main hot wallets. It doesn’t capture everything.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 08:34:23
/r/algorand/comments/zk4vr0/why_do_we_keep_dropping/j01rn1q/

Algoexplorer usually only names the hot wallets.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 08:33:35
/r/AlgorandOfficial/comments/zkgdwy/combating_misinformation_with_charts/j00qzgk/

Thanks. I’ll play with it tomorrow. I’m interested in cross checking wallets

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 13, 2022 01:09:07
/r/algorand/comments/zkgalv/sam_bankman_fried_arrested_in_the_bahamas/j00qjq5/

True. He fucked himself harder than Caroline with a strap on ever could. Coffeezilla mowed him down in the end.

Commented by /u/GhostOfMcAfee in /r/algorand on December 13, 2022 01:04:14
/r/yieldly/comments/zkib8h/almost_13k_reddit_members_somehow_i_dont_think/j00pvml/

I bought in big time from launch and for a while after. It is a dead project until they show proof of life.

Commented by /u/GhostOfMcAfee in /r/yieldly on December 13, 2022 00:56:48
/r/AlgorandOfficial/comments/zkgdwy/combating_misinformation_with_charts/j00g0m3/

Can you dump the data to a useable format from which you made these charts?

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 12, 2022 23:20:41
/r/algorand/comments/zk4vr0/why_do_we_keep_dropping/j00deco/

There is often an intermediary account between customer account and exchange hotwallet. The funds get pooled from many disparate inflow accounts into one of a few holding accounts. Basically, they are swept right after an inflow into the common holding account then sent to a particular interim wallet based on whether the inflow is directed to spot exchange or futures trading. Then, it gets directed to the appropriate hot wallet. What I'm saying is, the immediately preceding wallet before it goes to hot wallet does not necessarily indicate that the funds are from a common source. Think of it like this. Me --> my unique Okex wallet --> Okex interim wallet --> Okex hot wallet You--> your unique Okex wallet --> Okex interim wallet --> Okex hot wallet ​ Now, you could be right. Maybe everything is traceable to them, but to really know you have to dig into the transaction histories of the preceding accounts. It's a bitch to do. One reason why I wish we could get support for Breadcrumbs.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 22:58:14
/r/algorand/comments/zk4vr0/why_do_we_keep_dropping/j00br2n/

I personally can't speak to sell walls. I didn't see them. Though the increasing volume makes me wonder if it would have held. Regardless, though, it's a guessing game. Maybe we would have gotten rejected and had to test again, or maybe we would have found a new higher support line. But, I definitely agree that leverage longs piling on when we were outperforming resulted in a bigger and harsher drop than we would have had we just been chilling at .44 without a quick run up. People need to stop playing with leverage for a bit. Buy spot.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 22:44:51
/r/algorand/comments/zk4vr0/why_do_we_keep_dropping/j008oe5/

>Now, to get back to my original statement. Trying to shed a positive light on everything that's Algorand related is part of the problem. All it does is reinforce the echo chamber and that doesn't help either Algorand or the holders. I'm not trying to fart rainbows and sunshine. I'm pointing out that things twist and turn on a random walk. They sometimes couple with market. They sometimes go up without explanation. They sometimes go down. I'm no stranger to criticizing the Foundation or other facets of Algorand when warranted. Indeed, I hold the badge of honor of being blocked by Staci for bitching about things. In the end though, this doom and gloom stuff that is based solely on price is no different than posting rocket and moon emojis last month.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 22:20:22
/r/algorand/comments/zk4vr0/why_do_we_keep_dropping/j005phm/

>Wrong. Momentum was halted by huge sell walls that kept piling up once the price went above $0.41 It broke above .44. It was testing resistance with added volume. FTX news clearly put a damper on things. https://imgur.com/a/SrfiFl1

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 21:57:02
/r/algorand/comments/zk4vr0/why_do_we_keep_dropping/j003su7/

>They never showed that ALGO was being OTC sold to 3AC and you know what happened next It's part of structured selling. The fact that they didn't mention the specific counterparty in the last transparency report (which was before the Luna and 3AC debacle) doesn't really mean much. It was part of the last report's structured selling, it just wasn't called out by individual counterparty.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 21:42:35
/r/algorand/comments/zk4vr0/why_do_we_keep_dropping/j002yzq/

> This "different counterparties" are most likely Algorand corporate entities or entities directly involved with them, considering they are using a joint Okex account for selling. Proof? Any whatsoever other than speculation? If you know how CEXes work, each user gets a unique wallet to which they deposit into. Then, they get swept to a separate wallet. They are kept there and combined with others before being sent to the hot wallet for trading.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 21:36:25
/r/algorand/comments/zk8jka/more_negative_sentiment_please/j001zmx/

I am too, but these "I hope it goes lower" posts are just silly. I'm cool with staying flat while winter rides out, but unless you are 100% fiat, it is stupid from a mathematical perspective to root for lower prices. It is so absurd that I don't believe anyone who says it actually believes it unless they are a trader who is looking for an entry to scalp rather than for spot to hold for a while.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 21:29:03
/r/algorand/comments/zkgalv/sam_bankman_fried_arrested_in_the_bahamas/izzwgke/

Honestly, this happened sooner than I thought it would. I figured they would spend at least 3 more months doing grand jury subpoenas and testimony. I just hope they didn't jump the gun. White collar fraud cases are complex because so much of it relies on proving specific intent, which is very difficult. If SBF lawyers want to put the Fed's ass to the fire, they can demand trial within 180 days under the speedy trial act and throw a wrench in their efforts to get insiders to flip since so many of them are in foreign jurisdictions. I do not like the fact that this happened quickly.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 20:48:21
/r/algorand/comments/zk8jka/more_negative_sentiment_please/izzvc2b/

I guess we should all pray for Algo to go to $0.0000000001, then we will surely be billionaires someday. Right?

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 20:39:59
/r/algorand/comments/zkeq0r/whales_dumping_is_a_good_thing/izzrqm5/

No. Whale dumping in a bear market is not good. This is the same sort of weird rationale that says, "gee I hope it goes it continues to crater forever and ever so I can keep buying more." It is either copium or a psyop. No rational person holding Algo wants this. The only reason you would want this is if you held no Algo and were looking for an entry point to back the truck up. Decentralization does require distribution from early whales to the everyone else, but that is best done during growth times. Bear markets are not when whales distribute, it is when they accumulate. Whale distributions during bear markets are great for those with the dry powder to absorb it, if there are sunny times ahead, but it is not ideal for the broader market since it comes at a time low volume/demand. Also, decentralization is so much more than just about who holds coin. It is about who holds coin and puts it to work in consensus. If you want to promote decentralization, then take your Algos and put them to work securing the network. You can do it for free using an oracle node. [https://d13.co/set-up-algorand-participation-node-on-oracle-cloud-free/](https://d13.co/set-up-algorand-participation-node-on-oracle-cloud-free/)

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 20:13:22
/r/algorand/comments/zkep77/how_quickly_do_you_needexpect_your_algo_to/izzq6io/

Need vs expect are two different time horizons. If your "need" horizon is shorter than your "expect" horizon, you've invested more than you should.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 20:01:20
/r/algorand/comments/zkb17m/the_next_bull/izyz920/

IMO, this is dictated by 2 things: 1) overall macro improvement; and 2) Bitcoin halving cycles. In general, if CPI trends down for a bit, monetary loosening resumes, and GDP shows growth, then we have room to run. But, that’s backward looking and by then the bull probably already started. It’s impossible to predict when those things would happen. If we knew, we would be master traders making millions at Jane Street. Second, Bitcoin traditionally moves in 4 year cycles based on halvings. That tends to kickstart a crypto bull. Who knows if it will be as potent if we are still in a bad macro environment though. But if things in the macro start turning rosy before halving though, that would be a good catalyst for a proper bull.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 16:50:41
/r/algorand/comments/zkanev/something_positive/izyx5q5/

If ETH is deemed a security, I don’t know how any PoS L1 avoids the same fate.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 16:37:11
/r/algorand/comments/zk4vr0/why_do_we_keep_dropping/izyt2u7/

I think you are missing the points I’m trying to make. First, it could be that those who bought heavily into that pump are capitulating (speculative, but it’s as good a guess as any). Second, my point is that periodic decoupling happens both to the upside and downside. People seem to have the memory of a goldfish though. The recent price action is no more indicative that we are heading to zero than last month’s was that we were heading back to ATH. Ultimately though asking “why” is largely a fruitless endeavor absent a very clear signal. If anyone thinks it is certain that we are going down forever, they are free to load up on a leveraged short and try to make a boatload of money on the way down. Just remember what happened last month and be prepared to get stopped out or liquidated.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 16:11:02
/r/AlgorandOfficial/comments/ziu6in/transparency_of_cash_burn_overhead_remaining/izyo0od/

https://www.reddit.com/r/AlgorandOfficial/comments/zjsy7i/typo_in_transparency_report_causing_confusion/

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 12, 2022 15:39:11
/r/AlgorandOfficial/comments/ziu6in/transparency_of_cash_burn_overhead_remaining/izyn2ii/

They aren’t hiding anything. It’s a 6 month report, just like the prior ones. They go Apr-Sept, Oct-March. Deviating from this practice would be more abnormal than sticking to it.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 12, 2022 15:33:12
/r/algorand/comments/zk8jka/more_negative_sentiment_please/izygesm/

This is fuzzy math. If you are buying weekly, then a drop allows you to get more ALGO per dollar, but it also means ALGO has to perform even better from that low to reach your cost basis. If your cost basis is .50, then we need a little over 2x from here. But, if we drop further, while your cost basis my reduce more with each buy, it also means you need even better performance in the next cycle. Praying for further blood in the middle of a bear/winter only makes sense if you sold the top and are sitting mostly in fiat now. Holding an underwater position and praying for further drops is not rational and just sounds like a psyop. I’ll be buying either way, but I would much rather DCA on a flat line or gentle incline rather than a constant downtrend.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 14:50:52
/r/algorand/comments/zk8jka/more_negative_sentiment_please/izychkz/

I never understand this line of thinking. If you are accumulating, you should hope we stay flat rather than going down. Going further down means additional resistance points that need to be broken through on the way up.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 14:25:53
/r/algorand/comments/zjxk43/something_everyone_needs_to_remember_the_algorand/izy78se/

People confuse Foundation Governance with the Algorand protocol itself. Foundation Governance is only about how to distribute Algos that were allocated to the Foundation at genesis (eg through grants, rewards, etc). It has nothing to do with the protocol/blockchain itself. The actual protocol and updates to it is done by open source code that gets put out for participation nodes to adopt. They chose to accept it or reject it (by not updating to that version). Only if a supermajority adopt it does it go into effect.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 13:52:42
/r/algorand/comments/zk4vr0/why_do_we_keep_dropping/izy4xfo/

A month ago, Algo was pumping when everyone else was dumping. FTX halted that momentum. It could be that people who FOMOed in them are capitulating. People chalking this up all to claims of that the Foundation is selling like crazy are basing their claims on negative overal sentiment instead of any sourcing. In the 6 month period covered by the last transparency report, Foundation only offloaded 16.5M Algos. That’s currently less than 1 days volume on Coinbase alone. Structured selling certainly still creates sell pressure, but i don’t believe it is as big of a driver as people think. Ultimately, it’s hard to understand very recent PA just as it is hard to know why Algo sometimes decouples from the market to the upside. If we knew how to predict it, we would all be millionaires.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 13:38:13
/r/algorand/comments/zj3ph5/algorands_future/izvtlti/

Nothing related to the Foundation or Foundation Governance is "implemented to the blockchain". The Foundation is just a means for allocating Algos to the community and to projects to build out the community such as via grants, hackathons, developer education, etc. Eventually, the Foundation should cease to exist. Inc is really the one most involved in L1 tech development. Ultimately, their L1 stuff is open source, but with full time highly qualified cryptography developers, they obviously are the ones most active in moving the code forward. As far as how that gets implemented on chain, it is done by a supermajority 90% vote by participation nodes adopting the proposed update.

Commented by /u/GhostOfMcAfee in /r/algorand on December 12, 2022 00:25:55
/r/algorand/comments/zi5uma/im_not_sure_if_this_is_a_complement/izqt1lu/

I suspect it is randomly auto-generated based on the type of subs you frequent and activity there. As far as what exact voodoo goes into determining which of the various crypto related powers, that's a mystery. Reddit isn't exactly great at predicting things. For some reason, it thinks I'm on "team cat."

Commented by /u/GhostOfMcAfee in /r/algorand on December 10, 2022 22:57:21
/r/AlgorandOfficial/comments/zh456o/governance_period_5_discussion_from_gard_team/izmo2r5/

I've said it before and I will say it again. The last two measures (re: NFTs) are flawed. The NFT buying program should be rejected. The Foundation should not be picking winners and losers in terms of NFT projects. To the extent they want to promote them, they can do it without artificial pumping. But, moreover, it is deeply concerning that we are inviting an information asymmetry where insiders could know which projects are about to pump based on which project the Foundation will buy. It is entrenching a means for manipulation. I do not want to have to trust the insiders at the Foundation are immune to human impulses of greed.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 10, 2022 00:55:51
/r/algorand/comments/zh04gg/this_is_sad/izkfbv3/

The actual visibility is in people watching the events. Algorand is plastered all over those events. That said, it was way too much to spend in my opinion.

Commented by /u/GhostOfMcAfee in /r/algorand on December 9, 2022 14:25:12
/r/BitcoinMarkets/comments/zfpkm7/daily_discussion_thursday_december_08_2022/izda149/

I don't care what happened between you two yesterday. Peacocking and name calling in middle of a daily thread is annoying enough to scroll through. Starting a daily by picking a fight with a particular user is just not cool.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on December 8, 2022 01:37:33
/r/BitcoinMarkets/comments/zfpkm7/daily_discussion_thursday_december_08_2022/izd8ibn/

No. I was giving you genuine advice because I figured you were venturing into violating Rule 1, which is what I've seen you do several times. You get emotional and lash out angrily. Now it seems you are doing it unprovoked by starting a daily thread by picking a fight. At some point mods will put an end to this.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on December 8, 2022 01:19:21
/r/AlgoGARD/comments/zeszuo/getting_an_error_when_trying_to_vote_for/izcmavm/

Tried it multiple times yesterday, but randomly today it worked. No idea what changed, but I'm happy it works now.

Commented by /u/GhostOfMcAfee in /r/AlgoGARD on December 7, 2022 21:55:02
/r/algorand/comments/zf33jf/the_entire_global_economy_is_in_a_massive_bear/izclklv/

You claim to have just got onboarded last night, but you have an achievement for the sub? Also this . . ."I[own other crypto's like Ethereum, Atom, Tezos, and ALGO.. I have been an active user on these networks. I'm not a maxi.. I just use stuff before I go criticize it.](https://www.reddit.com/r/CryptoCurrency/comments/tmqduc/comment/i20wqhm/?utm_source=share&utm_medium=web2x&context=3)" Happy to see anyone participating in the ecosystem and community, but there is no need to pretend like you are new. Nobody is going to judge you for holding Algo alongside us as while we've all been drilling for 9 months. LOL.

Commented by /u/GhostOfMcAfee in /r/algorand on December 7, 2022 21:49:20
/r/algorand/comments/zfhafb/beginner_question_can_you_participate_on_a/izch6ee/

Technically, you could not even participate in consensus. Aside from having a zero percent chance of being chosen, you would not be able to issue the key registration transaction necessary to participate.

Commented by /u/GhostOfMcAfee in /r/algorand on December 7, 2022 21:15:36
/r/algorand/comments/zf9g3j/press_release_mapay_to_create_first_100_million/izb96go/

This was all Inc’s doing. Bring me Sean Ford’s head in a pike.

Commented by /u/GhostOfMcAfee in /r/algorand on December 7, 2022 16:00:39
/r/algorand/comments/zf9abn/the_ultimate_irony/izb8kse/

>sell those foundation ALGO’s So, even more dumping? >partner with YouTube creators and TikTokers I think that’s a bad idea. Direct advertising to retail at best only results in temporary artificial pumping rather than long term health. At worst, it’s just a waste. That’s especially true in a market like this. Nobody outside this space is clamoring to get in. That’s in part why things like sponsoring of the Climate Ride charity was a poor decision. It is bad ROI. I also find it odd that you bash the Times Square deal (which got national attention) while claiming what we need are YouTubers and TikTokers. >killer team of 5-10 execs to fly around and meet with execs, brands, etc. That’s more of what the Inc does. Foundation is more about bottom up community development. Inc does the top down L1 enterprise development. Finally, it’s not “our money” they are using for these things. It is the Foundation’s. It’s use affects us, for good or I’ll, so we have a right to be critical when it is used poorly. But, it’s not “ours”. That said, I do think they have made some bad decisions on how to allocate funds. Personally I would scrap a lot of the advertising/sponsorship targeted at retail (who are pretty much checked out for a long while) and instead focus like a laser beam on bringing in developers and supporting promising real world use cases.

Commented by /u/GhostOfMcAfee in /r/algorand on December 7, 2022 15:56:46
/r/algorand/comments/zf13oz/i_dont_blame_any_single_source_for_price_action/iz9mccb/

I understand the criticism of Staci, but what why Sean?

Commented by /u/GhostOfMcAfee in /r/algorand on December 7, 2022 09:28:11
/r/AlgorandOfficial/comments/zedrrc/questions_for_koibanx/iz6n0kn/

My guess is, then, you won’t get an answer (here or elsewhere), especially if there is some sort of litigation.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 6, 2022 16:28:18
/r/AlgorandOfficial/comments/zedrrc/questions_for_koibanx/iz6cm5f/

Who here do you know that is affiliated with Koibanx? If you know the user specifically, a DM probably would have been the better route instead of posting generally and hoping they happen to see it. Just like it’s not realistic to hope that they randomly saw your blog post. If you have questions you want Koibanx to answer, ask them directly. They have accounts on other social channels (eg Twitter). If they don’t responding to those, they aren’t going to respond on a random Reddit post in the Algo sub.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 6, 2022 15:21:48
/r/cade/comments/zdmipt/i_made_my_own_mame_from_scratch/iz4urr2/

https://www.primedecals.com/Nintendo-Logo-Wall-Decal-Decor_p_918.html

Commented by /u/GhostOfMcAfee in /r/cade on December 6, 2022 09:25:38
/r/cade/comments/zdmipt/i_made_my_own_mame_from_scratch/iz4u2ye/

It is printed stickers. Matching the font would have been too difficult for me to paint by hand

Commented by /u/GhostOfMcAfee in /r/cade on December 6, 2022 09:20:19
/r/algorand/comments/zdnh2x/scam_site_pretending_to_be_algofi/iz2yc5b/

Good looking out. Report it. Everyone here should do the same.

Commented by /u/GhostOfMcAfee in /r/algorand on December 5, 2022 20:59:44
/r/cade/comments/zdmipt/i_made_my_own_mame_from_scratch/iz2nyoe/

Maybe one day. Right now I did it with a Pi because I had one sitting around doing nothing. I had to upgrade from a Pi to a mini PC for a different project. Still, I'm happy with it. It's more for fun/novelty when friends and family come over.

Commented by /u/GhostOfMcAfee in /r/cade on December 5, 2022 19:40:23
/r/cade/comments/zdmipt/i_made_my_own_mame_from_scratch/iz2ibgs/

meh. People shouldn't downvote you. It doesn't sound like you are trying to be a d\*ck, but rather just wanting to educate/clarify. I don't know much about this space and never really visited, so I don't know the terminology.

Commented by /u/GhostOfMcAfee in /r/cade on December 5, 2022 18:58:08
/r/cade/comments/zdmipt/i_made_my_own_mame_from_scratch/iz2bcds/

Thanks. You can buy pre-made cabinets, but I do woodworking as a hobby so I wanted to do it myself for the experience/challenge. If you don't have the tools already, it is certainly more cost efficient to just buy a cabinet kit. At a minimum you need a table saw, jigsaw, miter saw, mouse sander, and screw gun. You also will need a set of Forstner bits to cut out the button holes. You could get away without it, but I also used a planer/jointer to thin down the pieces of pine the mount my screen and to trim some of the MDF that came out a little wonky in cutting.

Commented by /u/GhostOfMcAfee in /r/cade on December 5, 2022 18:07:11
/r/algorand/comments/zd3li1/old_node_gets_a_new_life/iyzlk08/

Turned my old Pi into an arcade with a beer fridge in the bottom. Waiting on a few decals to finish it off but it is near complete. A bear market is a builder's market. I can't code worth shit, but I can build other things. Anyway, I can't think of a better use for an old gal who served me well. I'll miss this old gal as a node, but after I bought a new rig, I gotta let go. 🫡

Commented by /u/GhostOfMcAfee in /r/algorand on December 5, 2022 05:53:27
/r/algorand/comments/zblzhl/possiblebest_earnings_using_my_algos/iyyyqmb/

No. It’s not yet. And STBL had serious stability issues at first. I certainly would not store huge USD value in it yet. But, it still is great rewards, and if you are patient enough to not just dump at the end of this period, it seems like the best return right now.

Commented by /u/GhostOfMcAfee in /r/algorand on December 5, 2022 00:37:25
/r/AlgorandOfficial/comments/zbxjhj/reasons_to_be_confident_in_algorands_future/iyw3z8i/

I don’t know what to make of her because I don’t really know what she specifically has responsible for in terms of charting a new direction. There has been a some good stuff coming from hackathons/dev greenhouse. The Times Square thing was cool, I guess. But, the governance proposals have sometimes been poorly thought out turds.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 4, 2022 12:08:34
/r/algorand/comments/zblzhl/possiblebest_earnings_using_my_algos/iyutoe5/

It is not a real leverage play right now really. Just mind the liquidation price. Things get more complicated when the one time rewards run out.

Commented by /u/GhostOfMcAfee in /r/algorand on December 4, 2022 04:19:45
/r/algorand/comments/zblzhl/possiblebest_earnings_using_my_algos/iyutcs3/

Friends don't let friends over leverage.

Commented by /u/GhostOfMcAfee in /r/algorand on December 4, 2022 04:14:52
/r/algorand/comments/zblzhl/possiblebest_earnings_using_my_algos/iyusql6/

It is honestly the best play at this current moment if you aren't wanting to play the lottery and try to scalp DeFi trades. The stable coin could honestly go to shit, but because of the bonus rewards and because the loan is paid back in Gard, it is risk free besides basic smart contract risk and if you get too greedy and get liquidated. If you do it, please be don't leverage to the hilt.

Commented by /u/GhostOfMcAfee in /r/algorand on December 4, 2022 04:05:50
/r/algorand/comments/zblzhl/possiblebest_earnings_using_my_algos/iyupvp1/

If you are waiting until next governance period, the best deal around in DeFi is AlgoGard. They are a stablecoin and lending/borrowing protocol that has a huge cache of rewards from Algorand Foundation. They are dumping it into their stablecoin farming contract. It has insane Yield, but it it because of the one time rewards rather than some hocus pocus. Basically, supply Algo, borrow Gard (their stablecoin) at 2% APR, supply the Gard to the staking contract at something like 40%+APR. Just be very mindful of your liquidation points. Don't get crazy and leverage hard. Also, be prepared that as the current governance period gets close, I suspect a lot of people will instinctively pull out of the farming contract and swap to Algo, thereby causing a minor depeg given how great those rewards are. Instead of playing that game and taking a haircut, I'm planning to hold for a little bit and either use it in DeFi or wait until it repegs before swapping to something else.

Commented by /u/GhostOfMcAfee in /r/algorand on December 4, 2022 03:24:44
/r/BitcoinMarkets/comments/zc0z5i/daily_discussion_sunday_december_04_2022/iyuoda9/

VPN? Convert to another currency then buy? Otherwise, I guess she needs to join a mining pool.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on December 4, 2022 03:04:09
/r/AlgorandOfficial/comments/zbxjhj/reasons_to_be_confident_in_algorands_future/iyunof4/

Not sure why you are getting downvoted. It's a stupid play to peg donations in USD given how volatile crypto can be. I'm hoping the pledge was $15M in then current prices but that they floated based on Algo valuation (i.e. 15M dollars equals X algo, so we will give that amount of Algo each year). Even then, it's a garbage donation even if it is a good cause. ROI seems like dogshit. Small potatoes charity that is not has no interest in tech. Doesn't onboard a single dev and doesn't result in anyone buying a coin. It's just so they can say how green they are. That's a shit play. Let the results do the talking. They should invest in things to help devs and to bring a flood of devs in. Make programming as easy as possible.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 4, 2022 02:54:36
/r/algorand/comments/zaodh9/algodex_you_can_now_easily_become_a_market_maker/iypv5jf/

This is an incredible advancement. Other chains would love to have an order book DEX, let alone one that has a built in trading bot. I'm looking forward to using it and providing some liquidity.

Commented by /u/GhostOfMcAfee in /r/algorand on December 3, 2022 00:33:58
/r/AlgorandOfficial/comments/zaqurq/why_does_silvio_micali_almost_never_mention_relay/iynfahv/

Relay nodes aren’t really as much of a centralization concern as they are not voting in consensus. They are traffic controllers. At best, they could conspire to slow traffic. Kind of a dumb move if you are self interested. But yes. They need a long term funding plan so it can be fully permissionless. Current nodes are all funded by agreements they signed at the inception of Algorand to run relays for a term of years. That eventually stops. So they must develop a long term plan. They have instituted a community relay pilot program to that end. I know for a fact that at least one of our very own redditors from this sub is part of that pilot program.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on December 2, 2022 13:16:39
/r/algorand/comments/za7ocl/mapay_healthcare_payments_on_algorand_to_issue/iyldahb/

More importantly, .1 Algo locked for each one. That's 10M Algo out of circulation.

Commented by /u/GhostOfMcAfee in /r/algorand on December 2, 2022 01:23:37
/r/algorand/comments/z9zzaz/win_more_with_optimum_prize_linked_staking/iyjsrnt/

I must have gone too quickly over the audit and misread the global\_admin privileges.

Commented by /u/GhostOfMcAfee in /r/algorand on December 1, 2022 17:35:19
/r/algorand/comments/z9zzaz/win_more_with_optimum_prize_linked_staking/iyjrdpl/

Aren't individual deposits sent to a singular pool? That's what the flowchart and description on the site suggests. If so, then couldn't the multi-sig theoretically move those funds?

Commented by /u/GhostOfMcAfee in /r/algorand on December 1, 2022 17:25:28
/r/algorand/comments/z9zzaz/win_more_with_optimum_prize_linked_staking/iyjnhke/

Please consider self-doxxing and prominently posting your Github repo. I see from Twitter that you got a Certik audit. But, as is pointed out in the audit, a major risk is centralization and control of funds. I know you moved to a multi-sig as a "mitigation" measure, but it still means that if 2/3 people decide to rug, they can run off with everyone's funds. In such a scenario, self-doxxing is paramount. I don't think you are going to get much, if any, traffic otherwise.

Commented by /u/GhostOfMcAfee in /r/algorand on December 1, 2022 16:58:21
/r/CryptoCurrency/comments/z9va6a/am_i_getting_scammed/iyjgsng/

This. A million times this. u/Theelesink, it must be reiterated, if you are able to get funds out, ***do not put them back in!*** This sounds like a "pig butchering" scam. They may let you pull funds out initially to build trust. Then they get you to put more in. Then more. Then more. Then they take it. Then they scam you even more by promising to "help you".

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on December 1, 2022 16:14:40
/r/algorand/comments/z9squ9/social_media_platform_on_algorand/iyj5ib0/

Thanks. GDPR is actually where my mind went to first, but I figured many people might not know about it.

Commented by /u/GhostOfMcAfee in /r/algorand on December 1, 2022 15:03:55
/r/algorand/comments/z9squ9/social_media_platform_on_algorand/iyiwxf7/

Well, let's hope it never happens. And if it does, let's hope that it happens to someone else.

Commented by /u/GhostOfMcAfee in /r/algorand on December 1, 2022 14:07:45
/r/algorand/comments/z9squ9/social_media_platform_on_algorand/iyivg57/

There is a significant difference between linking to something and storing it on chain because it is the possession/hosting of the content itself that is illegal. Is there any chain besides Algorand that allows storage of the content itself? I thought Boxes was relatively novel innovation not found on other L1s.

Commented by /u/GhostOfMcAfee in /r/algorand on December 1, 2022 13:58:03
/r/algorand/comments/z9squ9/social_media_platform_on_algorand/iyiuhot/

It would clearly have to be done in the face of some kind of notice. You generally can’t be prosecuted if you knowledge or at least a reason to know. But, once you do, you would become a knowing publisher. Web platforms can’t refuse to take down CP simply because they weren’t the ones to submit the content. It’s just a thought experiment. If there is no way for a protocol to do it, even if a huge supermajority, this is an attack vector. The entire chain could become illegal by the act of a single person.

Commented by /u/GhostOfMcAfee in /r/algorand on December 1, 2022 13:51:53
/r/algorand/comments/z9squ9/social_media_platform_on_algorand/iyit07w/

Could it not be done by a supermajority vote of stake in consensus? If not, couldn’t a saboteur upload CP and make every node an illegal repository?

Commented by /u/GhostOfMcAfee in /r/algorand on December 1, 2022 13:42:23
/r/algorand/comments/z9squ9/social_media_platform_on_algorand/iyinyea/

That’s beyond my level of expertise

Commented by /u/GhostOfMcAfee in /r/algorand on December 1, 2022 13:09:45
/r/algorand/comments/z9squ9/social_media_platform_on_algorand/iyin2z3/

They do need to at least think about it. If it’s stored on the chain, then technically all nodes (at least the archival nodes) are violating laws regarding possessing CP. If the Feds say “remove it, or else”, what do they do?

Commented by /u/GhostOfMcAfee in /r/algorand on December 1, 2022 13:04:02
/r/algorand/comments/z9squ9/social_media_platform_on_algorand/iyilz7d/

Agree. But, the world has some insane people. The law of averages says it will happen, eventually.

Commented by /u/GhostOfMcAfee in /r/algorand on December 1, 2022 12:56:48
/r/algorand/comments/z9squ9/social_media_platform_on_algorand/iyild7q/

Algorand just rolled out Boxes. So, they may have to worry about it.

Commented by /u/GhostOfMcAfee in /r/algorand on December 1, 2022 12:52:49
/r/CryptoCurrency/comments/z9hc9w/el_salvador_the_first_nation_to_make_bitcoin/iyh2xiy/

It's not a recession until the other guy gets in. That's just science.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on December 1, 2022 05:00:44
/r/BitcoinMarkets/comments/z9exnz/daily_discussion_thursday_december_01_2022/iygxel7/

I would agree, generally, on futures. Bitfinex has OGs. But it does not have spot volume like in the past. However, I will say that my original post did not disaggregate Binance volume. It seems, after checking weeklies for others, that they are massively influencing volume. Again, I don't know what to make of it. It kind of stopped me in my tracks when I checked others in isolation. I need to take a second look at it all.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on December 1, 2022 03:35:59
/r/nextfuckinglevel/comments/z9anes/skating_on_this_bridge/iygvqdx/

there is a fine line, regardless of sex, between being drunk and/or reckless and being awesome. It's just a dice roll. Greater than 15 on the D20? . . . epic success. Less than or equal to 15 on the D20? . . . epic failure.

Commented by /u/GhostOfMcAfee in /r/nextfuckinglevel on December 1, 2022 03:11:37
/r/BitcoinMarkets/comments/z9exnz/daily_discussion_thursday_december_01_2022/iyguvxf/

No. It does not. And that is a very good point. I might have to reassess things.It seems Binance is heavily weighting volumes when I look at them from other exchanges. I don't know what to make of it. But, again, very good point. It changes things a lot when looking at those exchanges disaggregated.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on December 1, 2022 02:59:30
/r/CryptoCurrency/comments/z9hc9w/el_salvador_the_first_nation_to_make_bitcoin/iygtk3d/

According to President Joe Biden, the US is not in a recession, despite math and the accepted definition of a recession . . . because he said so.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on December 1, 2022 02:40:47
/r/nextfuckinglevel/comments/z9anes/skating_on_this_bridge/iygs4m8/

need a skull to feed from. That dude was feet on either side from being on much darker corners of the web.

Commented by /u/GhostOfMcAfee in /r/nextfuckinglevel on December 1, 2022 02:21:11
/r/nextfuckinglevel/comments/z9anes/skating_on_this_bridge/iygrsvi/

no thanks. I go to theync for nightmare puke fuel.

Commented by /u/GhostOfMcAfee in /r/nextfuckinglevel on December 1, 2022 02:16:55
/r/nextfuckinglevel/comments/z9anes/skating_on_this_bridge/iygqhoc/

HMC? No no, not hold my cosmo. Hold my coffin.

Commented by /u/GhostOfMcAfee in /r/nextfuckinglevel on December 1, 2022 01:59:50
/r/nextfuckinglevel/comments/z9anes/skating_on_this_bridge/iygqax5/

literally sucked up a poop I made yesterday, somehow. I'm walking funny.

Commented by /u/GhostOfMcAfee in /r/nextfuckinglevel on December 1, 2022 01:57:24
/r/BitcoinMarkets/comments/z9exnz/daily_discussion_thursday_december_01_2022/iygnnia/

Just to spite all the people calling for 14k, it probably doesn't go below 14.5 either. I could be wrong, but those volumes are just insane. Especially when you really focus on the fact that it is Bitcoin moved, not dollars. It dumped hard on lower volumes, but the tighter the pattern gets, the more incredible the volume gets. There is some seriously big money pouring in at these levels.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on December 1, 2022 01:24:38
/r/BitcoinMarkets/comments/z9exnz/daily_discussion_thursday_december_01_2022/iygmaxp/

[Volumes based on the weekly chart](https://imgur.com/a/ha1M83g) (logged in BTC traded, not USD) make me fairly convinced we are at or close to cycle bottom. Doesn't mean much for short term trades. But, in my mind, it's hard to look at that chart and not see that there seems to be infinite buy money at around these levels. Yes, it could go down further, but that sustained volume spike for the past several weeks is kinda silly.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on December 1, 2022 01:08:44
/r/algorand/comments/z9ao0t/thinking_of_lending_in_defi_how_risky_is_this/iyg22zw/

Funny. I thought OP was talking about LPs since they said "lending in a liquidity pool." But yeah, it sounds like they might be confused about the distinction. Anyway, great write up.

Commented by /u/GhostOfMcAfee in /r/algorand on November 30, 2022 22:02:16
/r/algorand/comments/z9ao0t/thinking_of_lending_in_defi_how_risky_is_this/iyfza0h/

​ >on a scale from 1-10 (ballpark) how risky is it to lend. It's really hard to just pick a number and it varies project to project. Anything without an audit should be avoided at all costs. Likewise, if the project has a bug bounty, that's a plus as it means they are putting funds up to invite white hats in the community to audit. But, even those with an audit and bug bounties carry risk. It is always possible that something could have been overlooked. Risk only really starts to go way way down when a protocol has held significant assets for a significant amount of time with no exploit as it suggests that if any exploit was possible, it would have been found. >what kind of returns could I expect with around 10k (coins) in algo? It all depends on the liquidity pair. Use [Algo Tables](https://algotables.github.io) or go to each DEX and view their pairs to figure out what the various APRs are for different pairs. But, be careful about what you are providing liquidity for. Just because it has high APR doesn't mean it's a good idea. Additionally, in addition to looking at APR, you may want to check whether any particular protocols have farming contracts. They provide APR boosts for certain pairs. For example AlgoFi has farming contracts for various Algo/Stablecoin pairs. ​ >How long is a lending period typically? If all you are doing is supplying liquidity in an LP, there should be no required period. You could withdraw any time. However, if you are supplying that liquidity, and then using those LP tokens in a farming contract, it may depend on the protocol. You should be able to withdraw any time, but the rewards generally are only paid out at specific intervals (typically daily).

Commented by /u/GhostOfMcAfee in /r/algorand on November 30, 2022 21:40:29
/r/algorand/comments/z46jfo/do_bye_bye/iyfm1lr/

>it doesn't even have a desktop wallet https://www.reddit.com/r/PeraWallet/comments/z8t6pc/whats\_next\_for\_pera/

Commented by /u/GhostOfMcAfee in /r/algorand on November 30, 2022 19:57:52
/r/AlgorandOfficial/comments/z8wjmu/trail_of_bits_added_algorand_to_their_building/iyfllm8/

Interesting. I wonder if they already checked these issues against any of the existing Algo DeFi projects to see if these exist. If not, it seems like they've given people who are interested a roadmap for claiming a bug bounty.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 30, 2022 19:54:21
/r/algorand/comments/z8847a/how_did_this_slip_past_everyone_staci_warden_made/iyae46v/

Agreed. Though I can’t really see how a donation like this really can be worth $15M over 5 years. I guess it taps into the overall attempt at highlighting Algo as green. But, I think we would be much better off if they spent that money on dev tools, tutorials, hackathons, grants etc.

Commented by /u/GhostOfMcAfee in /r/algorand on November 29, 2022 17:54:22
/r/algorand/comments/z7fded/myalgo_not_connecting/iy9hp7q/

Yeah. But that’s the whole point of having a Ledger. The security of a Ledger is that you transactions are signed in a black box not connected with the internet. MyAlgo gives you an option to pair with your ledger by connecting the ledger to your computer with a cord. This is done instead of manually typing in the seeds for your ledger device into MyAlgo. If you go typing your Ledger seeds into a hot wallet simply because it is more convenient then you might as well not even have a Ledger.

Commented by /u/GhostOfMcAfee in /r/algorand on November 29, 2022 14:24:10
/r/algorand/comments/z7is4g/incentives/iy7c1ei/

Because of AV, which is done. I got in and stay in because it's the chain I think is most likely to actually have significant real world adoption. I didn't get in because I thought it was going to have immediate artificial hype. Algo should be in the business of selling tech solutions, not coins. The rest follows.

Commented by /u/GhostOfMcAfee in /r/algorand on November 29, 2022 02:38:23
/r/algorand/comments/z7is4g/incentives/iy7azx7/

Then, I'm sure you are all in on DOGE, as it is clearly over performing the market as of late and is full of hype and speculation because of Elon's Twitter purchase. Be sure to use lots of leverage to maximize profits.

Commented by /u/GhostOfMcAfee in /r/algorand on November 29, 2022 02:24:26
/r/algorand/comments/z7is4g/incentives/iy7a5cn/

Are there any objective metrics you think are valid? Do you trade entirely on how twitter and reddit tells you? If not, why not? How does one objectively quantify public sentiment?

Commented by /u/GhostOfMcAfee in /r/algorand on November 29, 2022 02:13:13
/r/algorand/comments/z7is4g/incentives/iy79gf7/

Much more likely that the number is inflated from DEX pairs for tokens of questionable value. Again, the increase in applications is less of what I care about precisely because it is the least telling. the increase in wallets, devs, and defi TVL YOY is more objective, much more so than the perceive sentiment of social media accounts.

Commented by /u/GhostOfMcAfee in /r/algorand on November 29, 2022 02:04:10
/r/algorand/comments/z7is4g/incentives/iy78do9/

Printing "hello world" =/= application. Applications =/= Defi. Yeah, I'm sure there is more to unpack, and I would like a further deep dive on that. But, being involved, I know that there is a ton of new stuff in the past year and a ton more coming. The thing I'm more interested in the number of devs. My whole point is that the ecosystem is growing, even if the price is not. Bear markets jade people.

Commented by /u/GhostOfMcAfee in /r/algorand on November 29, 2022 01:50:31
/r/algorand/comments/z7is4g/incentives/iy76lgr/

A highly relevant and timely tweet. https://twitter.com/Rachelwolf00/status/1597467909001195520

Commented by /u/GhostOfMcAfee in /r/algorand on November 29, 2022 01:28:43
/r/algorand/comments/z7is4g/incentives/iy75xxl/

The "broader crypto community" is filled with a lot of bots, frauds, and overall fuckery. I'm not taking my long term view based on who is tweeting the hardest coupled with #LFG and rocket emojis. I agree the Foundation is way too focused on vanity metrics. I'm pissed about the notion that they would ever buy NFTs directly. Would much rather see them incentivize developers and nodes. TVL didn't go unnoticed. But, it makes little difference when we are in a global bear market and multiple CEXes and centralized lending platforms cratering. The point is that even in the bear market, and even ignoring liquid staking, Algo DeFI remained healthy and improved relative to most of the rest of the market. I think Algo is one of the few coins that comes out of this and thrives in the next cycle. But, with all the recent events, good news won't do much of anything

Commented by /u/GhostOfMcAfee in /r/algorand on November 29, 2022 01:20:58
/r/algorand/comments/z7is4g/incentives/iy7348a/

Interesting take. Daily active users is actually quite healthy. According to Messari, Algorand has more daily active users than XRP and is \~40% of Cardano. Both of those coins have market caps that are greater than 10x and 5x of Algo's market cap, respectively. Also, DeFi Llama changed how it calculates TVL and pulled out the liquid staking. Even with that change we have still catapulted.

Commented by /u/GhostOfMcAfee in /r/algorand on November 29, 2022 00:48:52
/r/algorand/comments/z7i2p9/need_some_help/iy6vd07/

MyAlgo is a browser wallet that relies on encrypted cookies to store your seeds. If you got a new computer, you don't have that cookie anymore. You'll need to go to MyAlgo and set up a new password for the site (just like you did on initial setup). This is a normal password, not your seed. It doesn't matter whether you use the old one or create a new one. After do that, you will have the option to add an account by importing your seed phrase. Import your seed phrase there and the account will show up.

Commented by /u/GhostOfMcAfee in /r/algorand on November 28, 2022 23:30:39
/r/algorand/comments/z7fded/myalgo_not_connecting/iy6u68l/

It's not recommended that you do that. That defeats the purpose of a ledger as you are then putting the seeds into an internet connected device. When go to MyAlgo, you can select the option to access your account from your ledger instead.

Commented by /u/GhostOfMcAfee in /r/algorand on November 28, 2022 23:19:43
/r/lifehacks/comments/z700zk/does_anyone_know_what_this_little_pop_up_table_on/iy6qki9/

Someone actually did. Well, not exactly. But, they mapped out what was going on in each segment of the familiar sound. https://oona.windytan.com/posters/dialup-final.png

Commented by /u/GhostOfMcAfee in /r/lifehacks on November 28, 2022 22:48:27
/r/algorand/comments/z7bxta/are_there_any_asas_that_you_could_mine_on/iy656mi/

Mine in the pure sense (new assets are minted and distributed)? If so then no. All ASA's come with a fixed supply at genesis so, technically, any rewards aren't newly minted but rather would come from distributions in a wallet that is controlled by devs or a smart contract. But, if you are talking about mining in the looser sense (you get rewards for putting in computing power), then yes. Planet Watch pays for running air quality sensor (it's proprietary equipment). Goracle will pay for running an oracle node. And, Wayru is planning a system to Helium where people get paid for maintaining open internet connections.

Commented by /u/GhostOfMcAfee in /r/algorand on November 28, 2022 20:00:41
/r/AlgorandOfficial/comments/z6xuev/whats_the_best_way_to_earn_right_now_on_algorand/iy5jt74/

You will need to do more than just sign up. From their site: “Members must complete testnet activities to whitelist for the VEND token generation event.” I don’t know what all those activities will be though.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 28, 2022 17:22:06
/r/lifehacks/comments/z700zk/does_anyone_know_what_this_little_pop_up_table_on/iy5bd1u/

Fun fact: That noise was not just your modem, it was actually a conversation between your modem and the network. Basically they were introducing themselves and agreeing on terms on which they would send information back and forth.

Commented by /u/GhostOfMcAfee in /r/lifehacks on November 28, 2022 16:25:02
/r/AlgorandOfficial/comments/z6xuev/whats_the_best_way_to_earn_right_now_on_algorand/iy53mmu/

Vendible. If you participate in test net and contribute to the beta testing, you will get an airdrop when the token launches. If the project makes good on what it promises to do, it could be huge for crypto generally and Algo particularly.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 28, 2022 15:35:06
/r/algorand/comments/z6sb93/algo_g5_voting_commencement_now_pushed_back_to/iy4ltsf/

Opportunity cost. The extra Algos could go to go to incentivize other things, such as node running. I’m still voting A though. There’s still plenty to shave off of vanilla governance to go to participation nodes.

Commented by /u/GhostOfMcAfee in /r/algorand on November 28, 2022 13:37:36
/r/algorand/comments/z6nrzr/anyone_bullish_on_decipher/iy2dxxk/

Just stick to DCA. Every coin is in for a long brutal winter, especially following FTX. Real price action either will come with the next cycle or with significant announcements related to real world use cases/adoption.

Commented by /u/GhostOfMcAfee in /r/algorand on November 28, 2022 00:31:50
/r/algorand/comments/z5xgbb/cdbc_and_algorand/ixz4hve/

While some smaller countries might do a CBDC on Algorand, I don’t think any major power would. Either it will be on a proprietary centralized system or will be something multi chain like USDC. After reading the FED’s paper, it sounds like whatever they are envisioning would be entirely centralized. Their paper is almost funny to read it’s so pathetic

Commented by /u/GhostOfMcAfee in /r/algorand on November 27, 2022 10:02:00
/r/BitcoinMarkets/comments/z5s57u/daily_discussion_sunday_november_27_2022/ixy4xvk/

People are doing it wrong. I demand the red daggers to hell. I've lost all hope. \*kicks a can to sad Charlie Brown music\*

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on November 27, 2022 02:47:58
/r/BitcoinMarkets/comments/z5s57u/daily_discussion_sunday_november_27_2022/ixxy7vw/

Fine. I'll post first and be the sacrificial lamb. You can downvote me. I volunteer as tribute.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on November 27, 2022 01:20:10
/r/AlgorandOfficial/comments/z4lc48/why_is_everyone_leaving_algorand_deep_dd/ixxxufe/

Why are people fleeing Cardano and traditional finance for Algorand? See, this can go both ways.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 27, 2022 01:15:39
/r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixxmjw5/

I guess the hard part would be how to make it decentralized but enforceable. On GoFundMe, investors can sue if something is a giant scam since they retain KYC organizer records. It's hard to do something like that with a DAO. Not necessarily the KYC part, but the enforcement part. It's an interesting legal issue of whether a DAO can take legal enforcement action and under what circumstances.

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 23:18:13
/r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixvln2z/

Interesting concept, especially if it cuts out underwriters, which take a hefty cut. It would still need someone to do the SEC filings. My guess is it could be part blockchain part TradFi at first. The cool part about it is that it opens up the possibility for local investment via bond purchases. Most municipal bonds are bought by large institutions and funds. A blockchain round could maybe open up the ability for people to invest in their own community.

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 13:48:24
/r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixvfkqw/

I think it would be quite simple, actually. Good bikes, just like high end watches, come with a unique serial number. Just associate the serial number to the NFT at the time of manufacture. From manufacturer to retail outlet it works as a logistics tracking/inventory tool. Afterward, it works as a proof of ownership. You could even work discrete, tamper-resistant QRs onto certain items. Regardless, though, informed buyers would know which models are backed by a NFT title, especially if it is integrated into the serial number to signify as much.

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 13:05:58
/r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixv8g16/

The point is, if you know a bike is backed by the NFT, it becomes harder to resell. Knowledgeable buyers (which biker shops and those who buy high end bikes typically are) would recognize that the bike is hot and either report it to police or just refuse to buy. If you don’t control the NFT, you have a very tough time offloading the bike to those willing to pay premium prices for a premium bike.

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 12:15:01
/r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixv7w5r/

Interesting. I’ll check it out and maybe start a feed. I was interested in running a Goracle node, but if Tellor is already going I might go that route.

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 12:10:59
/r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixv7jpr/

Nice! Thank you. I had no idea. I hope they smash it with new Circle stables. That will be the key.

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 12:08:27
/r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixv76ry/

Isn’t tellor ETH based? I thought Goracle was the only Algorand native oracle so far

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 12:05:50
/r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixu5vwa/

Thank you my friend. You are a bastion of good ideas. As far as #4, do you think Nexus seems promising? If not, do you have any suggestions? I don't own any but I know what they are trying to create and it seems laudible, I genuinely would love to reorient the focus of this sub to how we build and develop our way through this shit market. I know you are hidden weapon in terms of knowledge. I'm sure you could have some great input. Sorry to single you out.

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 06:07:57
/r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixtzf4k/

Idea number 3. An NFT of low static value. It is a signifier that you are willing to accept incoming spam messages above a certain threshold of Algos. They engage in screening techniques to ensure there are no direct hyperlinks (and or other malicious things). But, purchase the NFT and you are willing to have incoming messages to your wallet so long as they deposit some arbitrary value. Basically, set your own threshold for what you are wiling to be paid for for spam. Pera and/or MyAlgo would have to be on board and create controls to optimize it all. Regardless, "Algoverts" I feel is a viable option.

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 04:31:48
/r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixtynbh/

I'll post a second idea, another swing for the fences idea. We already have a speculative relationship with Sotheby's. Algorand should build the basic infrastructure that would allow them to verify real world fine art on chain as an original. Each piece of art comes with a separate seed phrase that verifies authenticity. Owners of fine art can separate the art from the seed and use the seed later to prove ownership and authenticity. Transfer on chain proves you own it and defeats frauds or the incentive for theft. We can eventually expand this to things like high end watches, bags, bikes, etc.

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 04:20:15
/r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixtxu0h/

* The first step to FOREX. My man. We are on the same page. The first step to FOREX is having more stables of high quality and backed by cash and cash equivalents. * Goracle is launching testnet, but we really need multiple oracle options. A robust distributed system needs several redundant inputs. A dev team could not go wrong by launching a second oracle feed system.

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 04:07:58
/r/algorand/comments/z46jfo/do_bye_bye/ixtqvqg/

Where should they have it? In the US, which consumes the most oil of any country? Dubai has resources. Hard to fault Dubai for selling them to the rest of the world when the rest of the world is screaming for them. There are reasons to criticize the Dubai, but the fact that they are selling their main resource to people who are clamoring for it is not really one of them.

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 02:28:42
/r/algorand/comments/z46jfo/do_bye_bye/ixtpqkt/

Agree. He should make a request in r/PeraWallet and cross-post here.

Commented by /u/GhostOfMcAfee in /r/algorand on November 26, 2022 02:13:02
/r/AlgorandOfficial/comments/z32avt/late_to_algorand_governance_enrollment_look_no/ixmneov/

It’s a staking pool. So, I suspect it’s entirely Aeneas rewards.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 24, 2022 11:37:32
/r/algorand/comments/z3kxwu/help_please/ixmlgrx/

In the future, for trading help and strategies involving Bitcoin, try the daily thread in r/BitcoinMarkets.

Commented by /u/GhostOfMcAfee in /r/algorand on November 24, 2022 11:23:37
/r/AlgorandOfficial/comments/z32avt/late_to_algorand_governance_enrollment_look_no/ixliwv4/

It is from Aeneas rewards. This is a one and done opportunity as far as yield goes.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 24, 2022 04:57:08
/r/algorand/comments/z31kg7/wallet_info/ixlhwrq/

I am not aware of anyone who has pulled it apart. I think the info is out there, but just hasn't been pulled together. It could be synthesized through brute effort, but it is probably best assembled with a python script. I don't know of any source where it has been assembled. As far as 51% attacks, my understanding is that PPoS might make it a bit harder, but a 51% attack could still be pulled off with 51% ownership of online coins. It wouldn't be instant, but it would be a matter of time.

Commented by /u/GhostOfMcAfee in /r/algorand on November 24, 2022 04:42:12
/r/algorand/comments/z31kg7/wallet_info/ixjy5za/

That includes either them or Inc or both. I suspect they hold some of the largest participation nodes. Also, as to your question in your original post, about the top 1% holding 99%, there is some important information to think about. This metric gets tossed around as a source of FUD without taking further information into consideration. First, there are millions of accounts that have \~ 1 Algo or less. These are things like FIFA’s NFT wallets, wallets used by countries for covid tracking, Italy using it for copyright tracking, etc. For example, when BInance opened up support for USDCa, they created a massive number of wallets all opted into Algo and USDCa that all held .002 Algo. If you take all these small “utility” wallets out, the percentage held by the top 1% percent of wallets would go way down. Second, Messari’s metrics (where this claim comes from) include wallets that are holding Algos that aren’t part of circulating supply. 2.9B Algos will be distributed into circulation from now until 2030. So, a lot of those “top wallets” are Foundation reserves that are earmarked for distribution to the community. If you looked solely at top wallets holding Algos in circulation then the percentage held by them goes even further down. If you are making an apples to apples comparison with SOL, you need to take these uncirculated coins out of the equation. Third, lots of those top wallets are exchanges. Granted, those exchanges control those coins, which is why you should take self custody. But, it’s not like those coins are held by a handful of insiders. At any moment (assuming your exchange remains solvent, of course) people can take their coins off and and bring them into the ecosystem.

Commented by /u/GhostOfMcAfee in /r/algorand on November 23, 2022 19:19:55
/r/AlgorandOfficial/comments/z20mhg/getting_started/ixjco9u/

Thanks for making the effort to put it together.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 23, 2022 16:39:29
/r/algorand/comments/z2wgqi/ethereum_massively_multiplayer_game_by/ixilr1r/

OP is spamming all crypto subs with this. Flag it.

Commented by /u/GhostOfMcAfee in /r/algorand on November 23, 2022 13:40:15
/r/algorand/comments/z2ax1s/why_does_algorand_keep_losing_value/ixg6g63/

Flashback to 2008. Why is is Amazon down 50%?! Lehman Brothers has nothing to do with Amazon.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 23:52:22
/r/algorand/comments/z24ten/funny_looking_at_this_post_and_comments_over_1/ixfru10/

But that's why I never understand any of the talk about "I hope it goes to X so I can buy more." Once she falls to X, there is no reason it can't keep falling. Cascading long liquidations cause it to drill. Then it's a vicious cycle while we search for the bottom. I've added considerably during this bloodbath, but I think I would have been happier if we remained flat for the past year.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 21:41:57
/r/AlgorandOfficial/comments/z299xe/algorand_greenhouse_hack_02_winners/ixfhx3d/

This is really cool. Glad to see some positive/informative content. Been a lot of anger, FUD, bitterness as of late. Whoever that Juperxiaoyu person is, they seem to be crushing it. Won in two different categories with two different projects.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 22, 2022 20:21:53
/r/AlgorandOfficial/comments/z251cn/concerns_over_insider_trading_by_algorand_inc_and/ixf0ukn/

>What's is happening right now is way worse than what would be the case if through a regular schedule. Hard disagree. >5-10M algos are sold in one exchange in a few hours. Who does that? It kills the momentum and there are not enough buyers in that short period of time in a single exchange. Those sales are not from the Foundation or Inc selling them. That’s not how big projects do structured sales. Sales and buys are all a combination of retail, whales, forced sales by degens getting stopped out or liquidated, and also market makers (i.e. the exchange itself). >Contrary to what you say, I do think there are enough buyers for Algo. You just said “there are not enough buyers”. Pick one. > the transparency leads to better price action and investor confidence. Nope. It leads to regular front running and manipulation around the time of the sale because the only way to ensure a structure sale will definitely happen at some specific future date is to market sell them. If you though 5M over the span of an hour is bad, imagine 5M in one second. > Right now, investors are being killed every time they buy. Then short the hell out of it instead of buying more. Just don’t be surprised if it rips and stops you out because some whale or market maker decides to short squeeze. >Who benefits from it, big players (likely those third parties that are involved) by pushing the price lower and then buying back with significant discount from orgs. As simple as that. That’s some heavy speculation and ignores how OTC trading usually works. It also ignores the fact that that sort of gamesmanship is exactly what a preplanned selling schedule would create. If would be buyers don’t know if or when an OTC order might be placed, or whether they will be the counterparty, then they risk having the market move against them. A preplanned market sell on an exchange, on the other hand, is ripe for abuse. >See this account (https://algoexplorer.io/address/7BZEUIEPHZGDK6E673DVOY6BVCCZC6YFAJ3QWROPBZK5XKGE5GUWDYZRUY). I don't know if it is an exchange account or not but the pattern of changes in the Algo holding is exactly matched to major price moves. There are other similar accounts. I don’t know who it is either. Could be a an exchange, could be a big VC firm, or just some insanely rich person. Whoever it is, it seems they have largely just been on an insane acquisition spree since January 2022. Regardless, whales move markets, so it’s not surprising that large inflows and outflows might correlate with price changes.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 22, 2022 18:07:46
/r/algorand/comments/z23bwh/at_these_prices_it_makes_much_more_sense_to_tax/ixesyzb/

I follow a ton of NFT accounts over on Twitter. I set it up when I started doing them as part of the Governors Hat.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 17:09:58
/r/AlgorandOfficial/comments/z251cn/concerns_over_insider_trading_by_algorand_inc_and/ixer2rk/

Structured selling by Inc and Foundation are done OTC to large and sophisticated buyers at a negotiated price. This is standard practice among serious crypto projects. They are not mashing the market sell button on Coinbase. Additionally, those sells may include a lockup to prevent dumping all at once (I say “may” because while I know the Foundation has included lock ups on some structured sales, I cannot say with certainty that they do it for every single one, though I would expect them to). Also, having these sales on a regular schedule would be a bad for a variety of reasons. First, you can’t guarantee a buyer on a specific date unless you are dumping them via a market sell on an exchange. If you do that, you are just regularly trashing the market on a periodic basis. Second, this would lead to extreme front running and other forms of manipulation that would further trash the market. Everyone knows a huge market sell is incoming? Well, we all front run it and sell ahead of it. Then open up shorts. Then drive it into the dirt. Then buy cheap Algo. This process would repeat every time around the date of structured selling. NOBODY would want to have those market dynamics.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 22, 2022 16:56:31
/r/algorand/comments/z24ten/funny_looking_at_this_post_and_comments_over_1/ixemrun/

Everyone wanted these low low prices until they got ‘em.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 16:26:55
/r/algorand/comments/z23bwh/at_these_prices_it_makes_much_more_sense_to_tax/ixehqi3/

Your math is wildly off. 1,700,000,000 X $0.25 = $425,000,000 In the three years they have been building since launch, they’ve only gone through 300M Algo, and much of that time before the bull run last year was during price ranges comparable to or below current levels. You also assume they don’t have cash reserves from selling in the height of bull mania last year.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 15:53:25
/r/algorand/comments/z1zuxn/staking_on_ledger/ixeg4sw/

Ledgers can be synced with MyAlgo, and Ledger Nano X can sync with Pera.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 15:42:54
/r/algorand/comments/z23bwh/at_these_prices_it_makes_much_more_sense_to_tax/ixedjkx/

They are far from running out of money. The last transparency report from this summer said they held just under 1.7B Algos.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 15:25:54
/r/algorand/comments/z22o95/update_on_fifa_from_algorand/ixe6yto/

I don’t fault them for focusing on actually building the tech rather than shelling out sponsorship money. That seems like the best long term plan. But, I do fault them for not saying this earlier.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 14:42:26
/r/algorand/comments/z1pn4s/for_those_still_wondering_why_no_algorand_ads_in/ixe5u3i/

Then do it if you want. The original commenter wasn’t saying you shouldn’t. They were pointing out the selective outrage and how when it comes to ideals, we all seem to abandon them when they come with real costs. It costs me nothing to boycott the World Cup. But, it costs a lot to pay for a phone where it and all of its components were mined, machined, and assembled by workers receiving good pay and in good conditions.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 14:34:59
/r/AlgorandOfficial/comments/z20mhg/getting_started/ixe3g6x/

Sadly, I think the mingo fades away. Maybe they could turn it around if they launched some new and novel product, but it seems like they are not developing anything. I didn’t get into the project for degen yield farming. I got in because they promised the first DEX and bridges. If they had those, they would have been a powerhouse. Especially if they had also essentially turned the NLL into something akin to AlgoFi’s vault. Then, they not only abandoned both the DEX and future bridges, but also shut down the existing bridge they had in favor NFTs and esports. Meanwhile, new projects lapped them on all the ideas they previously promised and the new ones they pivoted to. Whatever good will they might have retained was killed off with the yEsports deal on Polygon and the flirtation with issuing a separate governance token. Even if they launched something new and useful, I’m not sure people would trust them, especially with their crazy Twitter and Discord antics.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 22, 2022 14:19:12
/r/AlgorandOfficial/comments/z20mhg/getting_started/ixdwhpt/

I always seem to forget about Folks.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 22, 2022 13:33:58
/r/AlgorandOfficial/comments/z20mhg/getting_started/ixdw9r1/

Pera (mobile only) and MyAlgo (browser extension) are the most popular wallets. Same seed phrase will work with either. Tinyman is the most popular DEX and has the deepest liquidity for most pairs, but there are several others including AlgoFi, Humble, and PactFi. There is also an order book style DEX called Algodex. AlgoFi and AlgoGard are lending/borrowing protocols. Right now AlgoGard has some insane APR for staking Gard because of some one time rewards. Basically, loan Algo, borrow Gard, then stake it. Just mind your borrow utilization so you don’t get liquidated. Lofty.Ai allows fractional ownership of rents to properties. Opulous is fractionalized copyright royalties to songs. Chips/Algo Casino is online gambling (cards, roulette, slots, etc). VenueOne is a betting platform. There’s a lot of others either launched or to be launched. This is a pretty helpful directory. https://directorydotalgo.xyz If you are interested in beta testing instead of just buying tokens, there’s a unique cross chain sovereign key recovery system being tested called Vendible. Goracle is also testing an Algorand based oracle.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 22, 2022 13:32:29
/r/algorand/comments/z1zuxn/staking_on_ledger/ixdtvpq/

Check out https://governance.algorand.foundation You are too late for the current period but will be able to sign up for the next quarter around Jan 1. If you are willing to take on smart contract risk, you can also stake them on a variety of DeFi platforms as part of their lending protocols. But, if you are just wanting the Algos to sit in your wallet and not be in a smart contract, governance is the only way.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 13:17:03
/r/algorand/comments/z1zuxn/staking_on_ledger/ixdsvlm/

You can do governance without coins leaving your wallet or going into a smart contract.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 13:10:36
/r/BitcoinMarkets/comments/z1kvpy/daily_discussion_tuesday_november_22_2022/ixdlz55/

Bitcoin was built on the premise that you cannot trust institutions. I think the only real solution to these problems is a trustless one, where assets and liabilities are written in code in smart contracts.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on November 22, 2022 12:26:12
/r/algorand/comments/z1pn4s/for_those_still_wondering_why_no_algorand_ads_in/ixdh2hz/

I think the point is that there is very little that non Qataris can do to change Qatar. Yet, we all have the ability to control what we buy. And yet, when it comes to the very thing we can control, we still go out and buy every new iteration of a phone the manufacturing of which involves slave labor.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 11:54:07
/r/algorand/comments/z1pn4s/for_those_still_wondering_why_no_algorand_ads_in/ixdfxd8/

I watched John Oliver and I too care about the current thing. /s

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 11:46:39
/r/algorand/comments/z1p1ib/algodex_over_the_past_two_weeks_the_recaps/ixder32/

Patiently waiting for the UI and trading bot upgrades.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 11:38:48
/r/algorand/comments/z1p3j8/wouldnt_tickets_to_events_be_great_nfts/ixddr7i/

It actually does help solve an issue, namely verification of the item pre-purchase on the secondary market. There are only a couple ticket resale markets. They charge exorbitant fees. People use them though because they “guarantee” authenticity or else they will refund you. It’s hard to cut into the market. But, if tickets were issued as an NFT, you could verify that it was issued by the correct issuer. Tickets could be resold with little to no middleman fees.

Commented by /u/GhostOfMcAfee in /r/algorand on November 22, 2022 11:32:08
/r/AlgorandOfficial/comments/z1xfil/what_happened_to_my_wallet_funds_missing/ixdbt9y/

You have given us absolutely zero information from which to help troubleshoot for you.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 22, 2022 11:19:11
/r/AlgorandOfficial/comments/z18jbr/how_does_the_algorand_company_foundation_actually/ix9sold/

What makes you say Napster isn’t profitable? As far as itemized expenses, you won’t get that. But, they publish periodic reports on their holdings/allocations. https://www.algorand.com/transparency

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 21, 2022 15:58:25
/r/AlgorandOfficial/comments/z18jbr/how_does_the_algorand_company_foundation_actually/ix9n8wf/

The Foundation doesn’t really need to turn a profit. It’s charged with community ecosystem development and allocating/distributing the remains uncirculated supply (e.g. grants, governance, etc). However, both Inc and the Foundation can generate money from token sales, as well as passive income generation by lending the coins, either to lending platforms or for market making. Additionally, Inc has interests in other businesses, such as the acquisition of Napster (which is an active ongoing music streaming platform). I suppose they also could be generate income from creating bespoke L1 solutions for interested entities (e.g. covid tracking, Italy’s copyright registry).

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 21, 2022 15:23:07
/r/CryptoCurrency/comments/z0y1ej/justin_ftx_japan_to_resume_withdrawals_this_year/ix9jszi/

It takes a bit of time to obtain indictments in white collar criminal cases, especially if you are seeking an extradition. And, because grand jury proceedings are all secret, we won’t know about anything ongoing until an indictment is returned and is unsealed.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 21, 2022 15:00:17
/r/AlgorandOfficial/comments/z0ii0l/the_future_of_algorand/ix985st/

You are speaking my language.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 21, 2022 13:43:57
/r/CryptoCurrency/comments/z0wszn/new_ftx_ceo_paid_1300_an_hour_court_filings_show/ix8ets3/

He’s not turning it around. He was brought in to sort out the wreckage.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 21, 2022 10:25:53
/r/algorand/comments/z0to76/welcome_to_australia_governors_hat/ix8bj7j/

Governor #2 was from Wales. One of my favorite pics of the Hat came from there. It was the Hat on the “naked boatman” in Chepstow.

Commented by /u/GhostOfMcAfee in /r/algorand on November 21, 2022 10:01:56
/r/algorand/comments/z10uvt/my_algorand_disappeared_from_algofi/ix8ayut/

AlgoFi updated and migrated its protocols to V2. Look for the option to select V1 and it should be there.

Commented by /u/GhostOfMcAfee in /r/algorand on November 21, 2022 09:57:50
/r/algorand/comments/z0zleo/algorand_dev_activity_question/ix88vf6/

My guess it is a little of both. There are probably projects listed in ours that are not exclusive to Algo. Likewise, whoever was putting together the list OP probably is missing a lot from other chains. They put out a previous list that prompted Cardano to reach out and tell them they are missing repositories.

Commented by /u/GhostOfMcAfee in /r/algorand on November 21, 2022 09:41:59
/r/algorand/comments/z0zleo/algorand_dev_activity_question/ix85dyv/

Because they either didn’t check it or they chose not to include it. If you are looking at all Algo community repositories, metrics on Algorand’s website suggest Algo would have had more contributors than all those projects combined. https://metrics.algorand.org/#/developers/ My guess is whoever put the report together just isn’t doing a good job of pulling together all the repositories for the various chains.

Commented by /u/GhostOfMcAfee in /r/algorand on November 21, 2022 09:14:46
/r/AlgorandOfficial/comments/yzeb3z/is_there_any_updatedeadline_for_the_next_tps/ix4tn8v/

But increasing TPS also increases the computational requirements of participation nodes. If you needlessly increase max TPS without a specific demand for it then you are pushing additional costs on node runners. The last TPS upgrade pushed things beyond the range of most RB Pies. Unless you had a 4 w/ 8GB RAM, you had to go buy new equipment. Even with that, it strains if you have a lot of Algo and are constantly voting. Anything above current max TPS and people will definitely have to go buy dedicate mini computers.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 20, 2022 14:31:44
/r/AlgorandOfficial/comments/yzeb3z/is_there_any_updatedeadline_for_the_next_tps/ix4r0dd/

Increasing TPS increases the processing load on participation nodes, which means to run them people have to upgrade equipment. So, yes, talk about increasing TPS is very much connected to participation nodes.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 20, 2022 14:14:14
/r/AlgorandOfficial/comments/yzeb3z/is_there_any_updatedeadline_for_the_next_tps/ix4ck5b/

My point was that jacking up TPS comes at cost. And that cost falls on those of us who gratuitously run nodes. We are not near maxing out current TPS thresholds and our current protocol stretches the limits of what is possible on a Pi. If we arbitrarily jack up TPS just for the sake of doing it, we will lose even more node runners in the absence of incentives. My point in asking OP why he wasn’t running a node was get him to come to this realization on his own.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 20, 2022 12:39:00
/r/AlgorandOfficial/comments/yztuwv/clunky_outdated_hard_to_use_slow_last_gen/ix305tk/

No worries. If you have any issues, just post as they pop up and ask for help. You'll get it. Have a good night brother.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 20, 2022 05:18:12
/r/AlgorandOfficial/comments/yztuwv/clunky_outdated_hard_to_use_slow_last_gen/ix2zt3d/

it is probably the tone of your post. Catch more flies with honey than vinegar, blah blah blah. Post something that is asking for help on how to do something and see the dramatic change in response. I'm telling you, Algonauts are super helpful.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 20, 2022 05:12:51
/r/AlgorandOfficial/comments/yztuwv/clunky_outdated_hard_to_use_slow_last_gen/ix2z98h/

Read all the way through. I tried to respond to everything. ​ >Pera, my Algo Those are wallets, not dapps ​ >Rand gallery, nft explore, Those should work in one swift go. Never heard of multiple transactions for them unless you are selling and are opening a store. I would be interested to see any TX hash you are complaining about. ​ >algoseas, among other stuff They explain why they have multiple transactions for things like mints. Go to the questions section of their website. ​ >Not sure which part of my post you’re skeptical about Algo is butter smooth but we have seen a ton of FUD from SOL maxis lately. Regardless, I'm trying to understand what you think the problem is because I am curious. ​ >But let’s say on myalgo wallet, if I want to send an nft from wallet 1 to my other wallet(2) I need to login to wallet 2(hopefully I’ve logged in within the last 24 hours or I’ll have to add my entire secret phrase) Then I have to find the asset id of the nft in wallet 1 and then add it to wallet 2. That’s one step that seems very bulky and outdated seeing as other blockchains you can just send without adding assets That is a security feature. It prevents dusting attacks by demanding affirmative opt in. Also, you should check to make sure your browser isn't auto clearing the cache. That will require new logins, much like Metamask. If you don't want to deal with this, use Pera. ​ >Pera wallet on my phone. I have a browser open on and let’s say I find an nft I want to buy. I press buy it opens pera wallet but the confirm screen never shows. So I do it again. Sometimes it works first try, sometimes it works 2nd time sometimes it takes 3x lol That's unfortunate but pretty rare. Most will attest to that here. The problem is most likely because you have a ton of open wallet connect sessions. Close them down. When you have a bunch of open sessions, this can cause issues, especially when there are multiple sessions from the same wallet on the same site. It's not only good for usage but also a good security practice. ​ >We can also go to the fact that since you have to “add assets” you also are locking algos up in your walelt( small amounts of course but none the less I don’t have to do that on other blockchains. Now it just sounds like you are looking for reasons to complain. If you don't like locking up a fraction of a penny to use the network and the particular asset you are interested in, then are you really that concerned about the network in general? This is where you start to lose me. It is inconsequential. We are talking about fractions of a penny. Are you really that upset about this? ​ >One other issue is that I have a couple wallets I don’t use that are stuck with random Algos on it( also small amounts but even .03 Algo is worth if it’s mine) but you can’t send them because you need “wallet minimum” That's because you are either still opted into a smart contract somewhere or opted into an asset. You have to clear all states, opt out of all assets, and choose to close your account. That is not a bug (see point above re: dusting). It is a feature. If you need help on that, just say so. You will find that the Algo community is infinitely helpful. If you have frustrations, literally just ask about them. We will help you. Migrating from another chain is always awkward. If you ask for help instead of just taking hot shots, I bet you will be pleasantly surprised at the help you receive here.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 20, 2022 05:04:42
/r/AlgorandOfficial/comments/yzeb3z/is_there_any_updatedeadline_for_the_next_tps/ix2t9re/

First, nobody said 70k. That just doesn't exist. Second, why would we roll out TPS upgrades that are far exceeding current usage? We already outstrip most other chains in capacity. What good does it do to increase bandwidth when current bandwidth is not stressed? If you are suggesting we max out our TPS load now, then tell me, do you run a participation node? If not, then why not? I wait for a full answer to all questions.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 20, 2022 03:37:48
/r/AlgorandOfficial/comments/yztuwv/clunky_outdated_hard_to_use_slow_last_gen/ix2slvn/

What exactly have you transacted with? What wallet are you using? Everything I have dealt with is butter smooth. Forgive me if I sound skeptical, but this is a very blanket criticism that does not seem to reflect most user's every day experience.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 20, 2022 03:28:26
/r/algorand/comments/yzggvl/excluding_whales_how_much_algorand_is_considered/ix2s1xa/

Gains are gains. Losses are losses. Whether you gain 50% on a bag of 1k or 50% of 1M, it is the same ride. Welcome to the roller coster.

Commented by /u/GhostOfMcAfee in /r/algorand on November 20, 2022 03:20:32
/r/AlgorandOfficial/comments/yzaa3k/fifa_nfts_are_awful/ix2rnbd/

Baseball cards are awful. Big thumbs down. There should only be one baseball card per player on each team. Anything else defeats the entire purpose of baseball cards, which is to shove them into my Huffy and make a delicious frpfrpfrpfrp sound like a motorcycle. I am a big boy.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 20, 2022 03:14:41
/r/algorand/comments/yzsim0/sending_algo_to_ledger/ix21d0v/

Ledger Nano X is the best option. It has bluetooth, so you can rekey your existing Pera account to the Ledger. After that, you use Pera as you normally would, but you confirm the transaction on your Ledger. Basically it assigns the spending keys from your existing Pera account to the Ledger so that all transactions through your Pera app must be signed offline by the Ledger.

Commented by /u/GhostOfMcAfee in /r/algorand on November 19, 2022 22:24:04
/r/AlgorandOfficial/comments/yz8w2q/can_dapps_really_be_decentralized/iwynap4/

Yes. If its code is entirely open sourced, community edited, and automatically implemented via a DOA vote. The real question is if that truly is safer and better.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 19, 2022 05:41:49
/r/algorand/comments/yyu1oj/i_believe_the_ineligible_whale_is_coinbase/iwylrn2/

Seems the opposite currently

Commented by /u/GhostOfMcAfee in /r/algorand on November 19, 2022 05:18:41
/r/algorand/comments/yyu1oj/i_believe_the_ineligible_whale_is_coinbase/iwx6pyh/

I'm not familiar with them not voting, but I believe they had one cold wallet that got forced to drop out. FTX going under has been the biggest demonstration of "not your keys, not your coin" since Mt. Gox. At least Mt. Gox was a pure hack. This was just a massive exchange secretly selling people crypto on paper that they did not hold.

Commented by /u/GhostOfMcAfee in /r/algorand on November 18, 2022 19:56:38
/r/algorand/comments/yyu1oj/i_believe_the_ineligible_whale_is_coinbase/iwx65h1/

This is the way. Just be careful in your security practices. Do you have experience in self-custody? If not, I'm happy to share practical tips.

Commented by /u/GhostOfMcAfee in /r/algorand on November 18, 2022 19:51:57
/r/algorand/comments/yyu1oj/i_believe_the_ineligible_whale_is_coinbase/iwwllsx/

If they were hacked, or would be immediately all over the news.

Commented by /u/GhostOfMcAfee in /r/algorand on November 18, 2022 17:14:17
/r/algorand/comments/yyu1oj/i_believe_the_ineligible_whale_is_coinbase/iwwli7s/

Possible. There are quite a few that look like brand new wallets. So, it could be migration from Coinbase Pro. But many also are existing wallets that hold other ASAs or otherwise look like they’ve done on chain transactions.

Commented by /u/GhostOfMcAfee in /r/algorand on November 18, 2022 17:13:34
/r/algorand/comments/yyu1oj/i_believe_the_ineligible_whale_is_coinbase/iwwgq3b/

I guess that’s possible, but I don’t know why they would need to actually move them. Seems like they would just merge accounts on paper and leave the cold storage alone at least until governance is over.

Commented by /u/GhostOfMcAfee in /r/algorand on November 18, 2022 16:39:32
/r/algorand/comments/yyu1oj/i_believe_the_ineligible_whale_is_coinbase/iwwfi2r/

It is entirely possible that it was a fund of some kind that dropped out to supply liquidity to various places, including Coinbase. The one thing I’m dead certain of is that MQOZ received at least 30M from that 200M and that the MQOZ is definitely one of Coinbase’s hot wallets for withdrawals. Since this morning, 15M of that 30M has already flowed out.

Commented by /u/GhostOfMcAfee in /r/algorand on November 18, 2022 16:31:06
/r/algorand/comments/yyu1oj/i_believe_the_ineligible_whale_is_coinbase/iwwaybz/

I have definitely received Algos from that MQOZ address when withdrawing from Coinbase Pro. I dug through my withdrawals on my wallets and confirmed it.

Commented by /u/GhostOfMcAfee in /r/algorand on November 18, 2022 15:59:28
/r/AlgorandOfficial/comments/yy62mp/230m_algo_just_became_ineligible/iwspon9/

That's my point. It seems strange to DQ so many algo over so many wallets if it is an exchange. Normally, they fall one at a time instead of all at once. But, then again, two periods ago, Binance DQed 2 wallets totaling over 90M in quick succession.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 17, 2022 20:38:32
/r/AlgorandOfficial/comments/yy62mp/230m_algo_just_became_ineligible/iwso6i0/

Anybody have any insight as to who it might be? It kind of surprises me given that it is not all from the same wallet, but multiple wallets around 30M-40M. If it were an exchange looking to cover withdrawals, I would expect them only to need to liquidate one or maybe two of those wallets, but four of them seems excessive unless they are having some crazy outflows off the exchange.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 17, 2022 20:26:30
/r/CryptoCurrency/comments/yy2o40/someone_stole_100k_in_eth_and_btc_from_my_dad/iwsja57/

Interesting. I wonder how they differ.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 17, 2022 19:47:24
/r/CryptoCurrency/comments/yy2o40/someone_stole_100k_in_eth_and_btc_from_my_dad/iws7f4h/

My understanding is there can be more ways than just Face ID. But, I suppose that’s going to be part of the feedback process in beta testing. I figure it’s worth test driving with a burner wallet on testnet.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 17, 2022 18:17:06
/r/CryptoCurrency/comments/yy2o40/someone_stole_100k_in_eth_and_btc_from_my_dad/iws57w5/

A project called Vendible is working on exactly that. It’s meant to have the security of self- custody but the convenience of a custodian. Basically, the plan is to use decentralized identification and zero knowledge proofs so that your keys are safely stored in what is essentially a black box that only you can open. Right now it is going through testnet (no token as of now), but is supposed to be rolled out on multiple chains eventually. I’m planning to test it, because if it works, it’s exactly the sort of thing that would help adoption of crypto generally.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 17, 2022 18:00:40
/r/algorand/comments/yxz2v7/is_it_bad_that_99_of_algo_is_owned_by_the_top_100/iwrzo5k/

This is based on a video by a SOL maxi who used a deliberately deceptive chart (absurdly skewed y-axis) and is purposely omitting key details to paint a misleading picture. It is categorically *false* that the top 100 wallets hold 99%. Go to Messari, where the YouTuber got his data and you will see that the top 100 wallets hold 6.3B, or 63% of total supply. This may seem like a lot, but more on that (total vs circulating supply)later. What is true is that the top 1% of wallets hold 99%. This sounds bad at first, but, only if you omit critical information like this article and the YouTuber did. First, there are millions of accounts have ~ 1 Algo or less. These are things like FIFA’s NFT wallets, wallets used by countries for covid tracking, Italy using it for copyright tracking, etc. For example, when BInance opened up support for USDCa, they created a massive number of wallets all opted into Algo and USDCa that all held .002 Algo. If you take all these small “utility” wallets out, the percentage held by the top 1% percent of wallets would go way down. Second, Messari’s metrics on this include wallets that are holding Algos that aren’t part of circulating supply. 2.9B Algos will be distributed into circulation from now until 2030. So, a lot of those “top wallets” are Foundation reserves that are earmarked for distribution to the community. If you looked solely at top wallets holding Algos *in circulation* then the percentage held by them goes even further down. If you are making an apples to apples comparison with SOL, you need to take these uncirculated coins out of the equation. Third, lots of those top wallets are exchanges. Granted, those exchanges control those coins, which is why you should take self custody. But, it’s not like those coins are held by a handful of insiders. At any moment (assuming your exchange remains solvent, of course) people can take their coins off and and bring them into the ecosystem.

Commented by /u/GhostOfMcAfee in /r/algorand on November 17, 2022 17:20:17
/r/algorand/comments/yxwzpo/why_do_some_wallets_on_algorand_explorer_have_0/iwrr2yf/

Interesting. I did not know that Algoexplorer isn’t supposed to show accounts with no transactions. I assumed that wallets like this were just wallets that were created, such as through a vanity address program, but that were abandoned/never used.

Commented by /u/GhostOfMcAfee in /r/algorand on November 17, 2022 16:20:57
/r/algorand/comments/yxwzpo/why_do_some_wallets_on_algorand_explorer_have_0/iwr4wzb/

Wallets addresses must be created before they are funded or transact. If they weren’t, how would you ever know where to send Algo to in order to initially fund your wallet?

Commented by /u/GhostOfMcAfee in /r/algorand on November 17, 2022 13:54:36
/r/algorand/comments/yxcwwq/the_problem_with_measure_3/iwou1zd/

then go on the Algo Forum and Twitter and then say it. We need a bigger presence there. Reddit is not enough. We are screaming into the void here.

Commented by /u/GhostOfMcAfee in /r/algorand on November 17, 2022 00:51:06
/r/algorand/comments/yxcwwq/the_problem_with_measure_3/iwot0xr/

Aeneas rewards are different in that there is no commodity to pump and then dump. Grants are fundamentally different from a commodity that can be manipulated by influence. But, I am always happy to end a conversation on the terms to agree to disagree. You have your opinion, I have mine. We are both human and have much more in common than we have apart. \[virtual shake hands\]

Commented by /u/GhostOfMcAfee in /r/algorand on November 17, 2022 00:39:39
/r/algorand/comments/yxcwwq/the_problem_with_measure_3/iwor4hw/

My thought is that we should stop trying to emulate Solana. We are, and should try to be better. Chart a vision for the future. I have one. I don't know why we can't seem to get one from the Foundation. They seem to be copying old ideas. I'm not impressed at all.

Commented by /u/GhostOfMcAfee in /r/algorand on November 17, 2022 00:19:32
/r/algorand/comments/yxcwwq/the_problem_with_measure_3/iwopx5y/

But, again, what is the purpose of buying with NO intent to sell? It's still false demand. Governments buy art that has established value in terms of historical and national significance, they don't create markets. We will not win by wasting money buying jpegs that people do not naturally want. Solana wasted money creating this false demand. We will not win by being 8 months late other chain's manipulative tactics. If you want a piece of digital art, buy it. If not, don't. But I'm seriously getting frustrated at how the Foundation seems to be running behind on and continuously chasing the bad ideas of other chains. Promote infrastructure, fine. Promote projects indirectly, fine. But buying them is a red line. It's a moral hazard. I am as big of an Algo diehard as there is, but this measure makes me lose all faith in whoever at the Foundation comes up with these proposals. I have no idea if it's Staci or someone else. Whoever it is, they are looking to the past instead of charting a unique future. I'm not selling, but it this might be the first time my faith in the Foundation has been shook. They lack vision.

Commented by /u/GhostOfMcAfee in /r/algorand on November 17, 2022 00:07:05
/r/algorand/comments/yxcwwq/the_problem_with_measure_3/iwoml99/

But why? What is the purpose? Why just buy NFTs willy nilly for the sake of it. If people do not want your digital art then they do not want it. Paying other people to buy it will not change it. It does absolutely nothing other than create false demand and open up the possibility for insider trading. I have yet to see any defense of this idea that doesn't involve an embrace of the idea that it is okay for a blockchain to artificially pump it's own NFTs by allocating it's users rewards to stimulate false demand.

Commented by /u/GhostOfMcAfee in /r/algorand on November 16, 2022 23:34:29
/r/algorand/comments/yxcwwq/the_problem_with_measure_3/iwoju09/

Yup. Do you want it with lube, or without? Give feedback on the forum if you don't appreciate it. That (and twitter) is where Inc/Foundation interact, not on Reddit. Reddit is good for news/synthesis, but not for immediate direct interaction with the Inc/Foundation.

Commented by /u/GhostOfMcAfee in /r/algorand on November 16, 2022 23:08:44
/r/algorand/comments/yxcwwq/the_problem_with_measure_3/iwogjld/

They are game planning the measures on the Algorand Forum. https://forum.algorand.org/t/feedback-request-on-proposed-q4-2022-governance-measures

Commented by /u/GhostOfMcAfee in /r/algorand on November 16, 2022 22:39:49
/r/algorand/comments/yx4is8/i_support_nft_artists_and_its_ecosystem/iwo021w/

My thought is that NFT sales should be driven by the collectors who want to buy them, not through subsidy to create an artificial demand/hype. That's not how you create stable markets; rather that is how you create bubbles. Moreover, it creates a conflict of interest. If the Foundation is picking which projects to buy, and then later promoting them, then it gives the Foundation the power to pick winners and losers ahead of time and orchestrate a pump and dump among various NFT projects. It also creates an information disparity among those on the inside about which NFT series is going to pop next. I'm not to saying that the Foundation and those with insider information definitely will abuse this power. However, we've seen other projects do it (e.g. Open Sea). In my mind, it is better to design a trustless system (as far as you can do so) rather than one that has deliberately built in mechanisms for shenanigans. After all, trustless systems kind of were the entire idea of crypto. I do not want to have to trust that the Foundation and the people at it will forever remain immune from the pull of greed.

Commented by /u/GhostOfMcAfee in /r/algorand on November 16, 2022 20:26:57
/r/algorand/comments/yvg0py/crypto_regulation/iweesc7/

Seems unlikely. Dude was either a billionaire (or damn close) before FTX because of his Bitcoin holdings. He could have walked away into the sunset and lived an insanely charmed life. It seems unlikely that he then collaborated with the SEC to set up FTX and acquire a paper net wealth of nearly $26B, and then deliberately tank it all. And, what's more, piss off so many people that if he doesn't go to jail he has to live the rest of his life looking over his shoulder. I suspect there are more than a few people who are actively thinking about how to kill him.

Commented by /u/GhostOfMcAfee in /r/algorand on November 14, 2022 19:49:42
/r/AlgorandOfficial/comments/yvcjkt/at_what_price_does_algorand_stop_running/iwdmxng/

Well, the all time low was $0.10, and it kept on just fine. So, it is somewhere south of there.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 14, 2022 16:29:10
/r/algorand/comments/yv5bq3/seriously_tho_whats_everyones_strategy_right_now/iwdbfre/

I was talking about shaking out the shady players and the coins that were sustained by hype instead of good fundamental tech.

Commented by /u/GhostOfMcAfee in /r/algorand on November 14, 2022 15:14:23
/r/algorand/comments/yv4cbi/what_exchanges_are_safe_to_use_right_now_looking/iwcnvae/

It takes a few days to clear when transferring in from a bank account.

Commented by /u/GhostOfMcAfee in /r/algorand on November 14, 2022 12:41:55
/r/algorand/comments/yv4cbi/what_exchanges_are_safe_to_use_right_now_looking/iwcmssk/

Generally, I say all Coinbase, Kraken, and Binance are solid. All have published proof of reserves (though Binance did not include liabilities in its publication). I use Coinbase because I think being a US publicly traded company means it’s tougher to get away with stuff like what FTX did. Still, I never keep coins on an exchange longer than I have to.

Commented by /u/GhostOfMcAfee in /r/algorand on November 14, 2022 12:34:57
/r/algorand/comments/yv5bq3/seriously_tho_whats_everyones_strategy_right_now/iwclqdn/

I’m just continuing bi-monthly DCA. This sure feels like capitulation. And, this panic and the ensuing carnage will shake out the pretenders from the contenders. I feel pretty good that Algo will make its way through. So, I continue my strategy of: 1) puke in bucket; 2) buy.

Commented by /u/GhostOfMcAfee in /r/algorand on November 14, 2022 12:27:57
/r/algorand/comments/ytxxms/damn_thats_it_huh/iwanhmq/

The memes are all there as is the Discord server. I've been pushing the memes periodically. Anybody who wants to do it can as well. I'll like and retweet and ask that I find that that use the hashtag and I hope many others do as well. I got no real power over it. It's whatever the community chooses to do with it.

Commented by /u/GhostOfMcAfee in /r/algorand on November 14, 2022 00:28:47
/r/algorand/comments/ytxxms/damn_thats_it_huh/iw7qxn1/

Most exchanges are using the Algos on their platforms for governance. So, people selling on those exchanges will not affect governance totals unless the buyers move those tokens off the exchange en masse.

Commented by /u/GhostOfMcAfee in /r/algorand on November 13, 2022 11:45:35
/r/algorand/comments/yryh4d/staking_platforms/ivxm6bl/

Word. With the dip and lots of people covering their borrow contracts, the Aeneas boost on the Gard>Gard pool is back up to stupid amounts.

Commented by /u/GhostOfMcAfee in /r/algorand on November 11, 2022 06:01:33
/r/algorand/comments/ys6rd1/does_pera_walett_give_you_apy/ivxlulp/

No. Rewards are now given through participation in governance. Next sign up starts around January 1. Until then, there are ways to gain yield through DeFi staking. But, if you want risk free rewards without smart contracts, governance is how it happens.

Commented by /u/GhostOfMcAfee in /r/algorand on November 11, 2022 05:57:07
/r/algorand/comments/yrwo3r/network_congestion/ivxl391/

If you want every scrap of info, in real time as it develops, feel free to monitor multiple project discords and Twitter as well as the forum. My point is that Reddit tends to be an after the fact aggregation and reporting place. There is not some grand conspiracy.

Commented by /u/GhostOfMcAfee in /r/algorand on November 11, 2022 05:46:44
/r/algorand/comments/yrwo3r/network_congestion/ivwajln/

It was brushed off as FUD on twitter too. Alex got beat up on quite a bit for even asking about it. It was d13co, me, and someone else that were pushing back simply just because we wanted to put it to Algorand's attention. At the time, we really didn't know what it was. It was not an outage. Transactions went through. It was just reports of people saying transactions were randomly taking longer than normal, which, without a little more doesn't seem like it warrants a post here without some more due diligence. Imagine what would happen if someone posted here without more.

Commented by /u/GhostOfMcAfee in /r/algorand on November 10, 2022 21:04:00
/r/algorand/comments/yrwo3r/network_congestion/ivw86ka/

It's not like it was a secret across the community generally. It was being discussed in Discord and on Twitter in near real time (I was part of it). Reddit is great for big picture stuff and after the fact news, but not as great for real time developments because most devs and Inc/Foundation people aren't as active here. Unfortunately, they congregate on Discord (devs) and Twitter (Inc/Foundation).

Commented by /u/GhostOfMcAfee in /r/algorand on November 10, 2022 20:45:24
/r/algorand/comments/yrwo3r/network_congestion/ivw5ivw/

Original message came via Discord from John Clarke, who is head of AlgoFi. Alex then tweeted asking about it (and screen shooting John's message) because he also had some Algodex people comment that transactions seemed slow. They went through, but did so on the next block.

Commented by /u/GhostOfMcAfee in /r/algorand on November 10, 2022 20:24:30
/r/CryptoCurrency/comments/yrk6ig/could_bitcoin_literally_destroy_the_world/ivu3fnx/

So, in this scenario, the people with insane wealth intentionally decide to destroy their wealth and everyone else’s? Do you see the problem?

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 10, 2022 11:53:10
/r/BitcoinMarkets/comments/yq93yq/daily_discussion_wednesday_november_09_2022/ivqanz0/

Yes. I think most people found it completely unexpected. I figured more firms would likely have trouble, but FTX specifically? No way.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on November 9, 2022 15:47:45
/r/BitcoinMarkets/comments/yq93yq/daily_discussion_wednesday_november_09_2022/ivq85ud/

But for the sudden and unexpected implosion of one of the largest exchanges, he probably would have been right. I certainly did not have “FTX abruptly dies” on my 2022 BTC Bingo card.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on November 9, 2022 15:31:46
/r/AlgorandOfficial/comments/yqss0k/algo_is_safe/ivq54a3/

At this point, it seems like their validators must be bleeding money considering the heavy equipment cost to run them.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 9, 2022 15:12:39
/r/AlgorandOfficial/comments/ypzmjg/goracle_tokenomics_litepaper_are_now_available/ivq0m1o/

Is there documentation anywhere for running an Oracle node?

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 9, 2022 14:43:50
/r/AlgorandOfficial/comments/yqss0k/algo_is_safe/ivq0cu4/

Holy hell. I normally only check up on BTC, ETH, and ALGO. But, you made me just look at SOL’s chart. Absolutely brutal.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 9, 2022 14:42:10
/r/CryptoCurrency/comments/yqs3q5/sec_investigates_crypto_platform_ftx/ivpxwg8/

They try to shut me down through KYC, but it feels so empty without BTC.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 9, 2022 14:26:03
/r/CryptoCurrency/comments/yqrl7d/do_all_the_hacks_exchange_crashes_and_rug_pulls/ivpus6c/

Exchanges are for trading, not holding. Keeping coins in exchanges facilitates the risk taking and shenanigans that result in what we see now.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 9, 2022 14:05:32
/r/CryptoCurrency/comments/yqrp0l/bitcoin_sinks_to_new_yearly_low_at_168k_as_ftx/ivptqio/

BTC is having an early Black Friday sale!

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 9, 2022 13:58:46
/r/BitcoinMarkets/comments/yq93yq/daily_discussion_wednesday_november_09_2022/ivpnnet/

Yes, though it would be outside counsel that specializes in M&A work.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on November 9, 2022 13:19:21
/r/algorand/comments/yqjmj7/mooch_and_sbfftxsol/ivpczkx/

It is shocking. Hopefully seeing all these houses of cards crumble causes the industry to wizen up, particularly the VC crowd. Their greed made this all possible. And, while retail is getting battered, a lot of greedy VC also lost a shit ton. They saw a supposed infinite money glitch, figured they would be able to exploit it and dump on retail. They did, for a bit, but when the bottom fell out, they too became bag holders. Maybe, just maybe, “smart money” will think harder before aping into this sort of thing in the future. Probably not though.

Commented by /u/GhostOfMcAfee in /r/algorand on November 9, 2022 12:11:04
/r/algorand/comments/yqjmj7/mooch_and_sbfftxsol/ivpb848/

> how would he not know the level of insolvency that SBF was operating on Because funds that are *receiving* money as an investment typically aren’t looking into the *investor’s* books. Instead, it’s the investor who does DD into the fund.

Commented by /u/GhostOfMcAfee in /r/algorand on November 9, 2022 11:59:34
/r/Algodex/comments/yp3t6p/algodex_completes_its_upgrade_to_integrate_the/ivp1nj9/

Same. It’s pretty much the only reason I don’t use it. I don’t want to miscalculate something and end up selling Algo for half price.

Commented by /u/GhostOfMcAfee in /r/Algodex on November 9, 2022 10:56:21
/r/algorand/comments/yqb5ah/need_help_on_moving_algo_to_a_secure_platform/ivnq9t6/

Best answer. And, OP, welcome to the world of self custody. You now actually control your assets. With great power comes great responsibility. . Please follow the basic rules of self-custody. Keep your keys safe and secure. Don't type them in somewhere willy nilly and make sure they are written down in a secure format. Consider scribing them on steel to secure them from flood/fire.

Commented by /u/GhostOfMcAfee in /r/algorand on November 9, 2022 03:01:39
/r/algorand/comments/yqapmb/any_tips_for_leveraging_algos_on_kucoin/ivnm10s/

Potentially. Let's say a ton of people go long with leverage, and huge sell pressure comes on. Now, those longs have to either get stopped out, liquidated, or add margin. If they either stop out or get liquidated, that means they are essentially forced sellers. So, price goes down further. Same thing in reverse. Leveraged shorts getting stopped out or liquidated become forced buyers. Massive over leveraging is how you get insane rips and dips. I cannot stress this enough. Do not play with leverage unless you are willing to take that money and light it on fire. Leverage is what you do with bonus profits, which I assume you don't have, because, well, this is a shit market. Leverage is best used as a risk hedge based on other trades. If you play with leverage blindly, you will almost certainly get chopped up. If you want to try it out just for the thrill/experience, then (and I cannot stress this enough) do not put in more than you would be willing to bet on black at a roulette table. And, if you lose it all, then accept the fact that you lost it. Do not double down. It's gambling, but worse, because people give in to the sunk cost fallacy. They shovel more and more in, and then end up magnifying losses.

Commented by /u/GhostOfMcAfee in /r/algorand on November 9, 2022 02:06:24
/r/algorand/comments/yqapmb/any_tips_for_leveraging_algos_on_kucoin/ivnkh37/

Yes. Take your dollars. Go to a coin machine and turn it into quarters. Then, proceed to put them one by one in the toilet. Pull the flush handle as though it was a slot machine. Watch your money go down the shitter. Congratulations, this is what playing with leverage looks like. Don't do it. Don't do it. Don't do it. You might get lucky and make a little profit, but you are just as likely to lose everything you put in. And unless you have a very good plan ahead of time, even if you make some money, you will probably lose all that profit and all of your betting stack. “My partner Charlie says there is only three ways a smart person can go broke: liquor, ladies and leverage. Now the truth is — the first two he just added because they started with L — it’s leverage.” --Warren Buffet.

Commented by /u/GhostOfMcAfee in /r/algorand on November 9, 2022 01:47:33
/r/AlgorandOfficial/comments/yqa7l1/yieldly/ivnjduf/

It's a once promising project that shat the bed by pivoting and shanking its roadmap to hell. Every chain has these sorts of gold nuggets turned stinkers. It sucks, but it is what it is. It does not reflect poorly on Algorand as a chain any more than the it reflects poorly on Polygon that Poly gave a grant to these same incompetents to create yEsports.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 9, 2022 01:34:42
/r/algorand/comments/ypxytt/well_i_certainly_timed_this_one_incorrectly/ivniga4/

Honestly, don't add margin unless you have a nigh inexhaustible supply of money and are smart enough to know that the break will happen, but just is a matter of when. In other words, don't add margin unless you are Michael Burry. Instead, set stops. If you are stopped out, take your L and move on. Adding margin is how you go from losing 100% of your initial bet to losing 300%.

Commented by /u/GhostOfMcAfee in /r/algorand on November 9, 2022 01:23:47
/r/AlgorandOfficial/comments/yq4ccp/who_is_selling/ivni7b7/

It ain't the Foundation or Inc selling. Of those Governors, a huge amount are actually exchange wallets. People with Algos on exchanges are selling and those Algos remain on the exchange wallet, and hence there is not a huge reduction in Governance commitment.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 9, 2022 01:20:57
/r/algorand/comments/yq48rp/who_is_selling/ivni401/

Bud, it ain't the Foundation or Inc selling. Of those Governors, a huge amount are actually exchange wallets. People with Algos on exchanges are selling and those Algos remain on the exchange wallet, and hence there is not a huge reduction in Governance commitment.

Commented by /u/GhostOfMcAfee in /r/algorand on November 9, 2022 01:19:56
/r/algorand/comments/ypxytt/well_i_certainly_timed_this_one_incorrectly/ivltm0w/

It is KuCoin. But seriously, don’t play with leverage unless you are ready to lose 100% of what you put up. Because, you probably will.

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 17:14:57
/r/Algodex/comments/yp3t6p/algodex_completes_its_upgrade_to_integrate_the/ivlmdhv/

Awesome. This would be a massive UI improvement. Also, down the line it would be nice to include something where you can easily set multiple laddered positions. (E.g. set your total sell and the spread between each rung, then execute, and or creates the orders automatically)

Commented by /u/GhostOfMcAfee in /r/Algodex on November 8, 2022 16:27:07
/r/algorand/comments/ypxytt/well_i_certainly_timed_this_one_incorrectly/ivlgowb/

Damn. Lost it all in 32 minutes. 😳

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 15:51:05
/r/algorand/comments/ypwht8/how_to_swap_or_bridge_bnb_to_algo/ivla650/

Might want to check out the Wormhole bridge. I’ve never used it it though, so I can’t give much more info on whether it fits what you are trying to do.

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 15:09:53
/r/AlgorandOfficial/comments/yplmm1/i_dont_suppose_sbf_will_be_speaking_at_decipher/ivl5gvv/

This is a good idea. Of course, it assumes he can still afford the plane ticket after today.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 8, 2022 14:40:13
/r/algorand/comments/ypadqz/sbf_ftx_and_decipher/ivl4pwu/

He might not be able to afford the plane ticket after today. Yeesh, what a shitstorm.

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 14:35:26
/r/algorand/comments/ynw1h8/algorand_has_lost_the_initiative_by_targeting/ivk6bkj/

It’s funny you say I have an unfriendly tone while repeatedly calling my questions stupid and essentially calling me ignorant. I’ve already said what I think the general purpose of blockchains are. Are you asking me about specific applications that I would like to see?

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 10:54:41
/r/algorand/comments/ynw1h8/algorand_has_lost_the_initiative_by_targeting/ivj387q/

Do you have an answer to my question?

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 04:53:42
/r/algorand/comments/ynw1h8/algorand_has_lost_the_initiative_by_targeting/ivj2ab6/

I'm not quite old enough to remember ARPANET but I also am not a DOD scientist so I would never have had the opportunity. I am, however, old enough to remember USENET fondly (look it up. That was how Pirates pirated before NAPSTER). There were no competing internets. You can Google the history of ARPANET to the INTERNET if you want, but very early on awesome nerds came together to create the protocols for how it would work. There simply was no alternative. They created the protocols among scientists at CERN and elsewhere long before the rest of the world had any idea what in the hell was happening.

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 04:39:11
/r/algorand/comments/ynw1h8/algorand_has_lost_the_initiative_by_targeting/ivj0xu8/

So, I'll go back to the first question I asked. "What real world things are institutions running on ETH and Polygon? Not collectibles, but real world systems by big institutions."

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 04:18:28
/r/algorand/comments/ynw1h8/algorand_has_lost_the_initiative_by_targeting/iviyplg/

I'm interested in what you think the "point of blockchain" is. I think it is a tool for instantaneously recording immutable, truthful, and censorship resistant transactions and reducing costs of doing so.

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 03:44:03
/r/algorand/comments/ynw1h8/algorand_has_lost_the_initiative_by_targeting/iviyeiw/

but, there wasn't, and so we will never know.

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 03:39:21
/r/algorand/comments/ynw1h8/algorand_has_lost_the_initiative_by_targeting/iviwzr6/

Given the incredible development coming out from Algorand Inc. in terms of raw tech, and new projects from the community, I would hardly call it a ghost chain. I mean, for god's sake, we just had our quantum cryptography solution adopted by NIST. These aren't minor things. These are the sorts of things that enterprise solutions think about. Retail looks to other retail action to measure success. But, I doubt industrial sectors are looking at who has the most jpegs, or play to earn, or prospect for pumpage. They want a solution that fits their particular business needs and reduces friction.

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 03:18:22
/r/algorand/comments/ynw1h8/algorand_has_lost_the_initiative_by_targeting/iviwd3r/

the point is, there was only one internet. If there were multiple interests with wildly differing advantages/disadvantages, then the outcome might be different. An expensive internet, or one that is constantly down, or one that lacks security, might never have become the staple if there was an alternative. That's my point. This is not an apples to apples comparison.

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 03:09:07
/r/algorand/comments/ynw1h8/algorand_has_lost_the_initiative_by_targeting/iviw6br/

yes. But there was only one internet. There are many blockchains. Each has different strengths. So, I go back to my original unanswered question, what every day use are those chains being put to? We are still very much in nascency. A ton of people buying jpegs, or buying a coin for spec that is too expensive to use, is not necessarily what sophisticated markets are looking for. My point is that this is a bit more complex than just which chain currently has the most wallets or market cap. Fundamentals are actually important here too.

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 03:06:22
/r/algorand/comments/ynw1h8/algorand_has_lost_the_initiative_by_targeting/ivivbng/

Also, the US government 100% was involved in the creation of the internet. Look up ARPANET.

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 02:54:04
/r/algorand/comments/ynw1h8/algorand_has_lost_the_initiative_by_targeting/iviuwy0/

how many internets were there to choose from?

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 02:48:24
/r/algorand/comments/ynw1h8/algorand_has_lost_the_initiative_by_targeting/iviufi8/

What real world things are institutions running on ETH and Polygon? Not collectibles, but real world systems by big institutions.

Commented by /u/GhostOfMcAfee in /r/algorand on November 8, 2022 02:41:27
/r/Algodex/comments/yp3t6p/algodex_completes_its_upgrade_to_integrate_the/ivitvb4/

Is there a way to set limit orders based on USD amount instead of the ratio of Algo/USDC? I would much prefer to input orders as "buy" at $X or sell at $Y than doing the math of calculating ratios. It seems small, but this seems like one of those classic issues where engineers fail are okay with a thing because they don't mind it, but the average folk just turn away because it isn't user friendly.

Commented by /u/GhostOfMcAfee in /r/Algodex on November 8, 2022 02:33:39
/r/AlgorandOfficial/comments/ylnrl6/revisited_what_tps_does_algorand_need_to_be/iv7bfs1/

Thanks. I hope my post didn't come off as me suggesting your original post was meant as FUD. I definitely don't think that.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 5, 2022 17:27:19
/r/algorand/comments/ylnqks/revisited_what_tps_does_algorand_need_to_be/iv3ni6g/

I always welcome your input. You are an incredible asset to the community. You have my forever appreciation for how you nearly single-handedly forced the Foundation to rethink that god-awful proposal. I tend to agree with everything you said. If Algo meets it's true potential, companies will build relays and participation nodes not to profit, but to maintain their investment. I really only made this post because I saw the original post getting used way too often as a source of FUD. I used to think we needed to incentivize participation nodes with rewards. Now, I'm not so sure. I've got enough skin in the game that I will always keep my nodes going. The fact that there is a free source really makes it a no brainer. Anyone who wants to participate can. The only barrier to entry is effort.

Commented by /u/GhostOfMcAfee in /r/algorand on November 4, 2022 21:05:13
/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/iv3aszk/

Your feedback is appreciated. Now pay $8.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 19:25:42
/r/algorand/comments/ylnqks/revisited_what_tps_does_algorand_need_to_be/iv2zj3i/

Yes. But my guess is if it gets to that point, we are already doing insane volume. The point was just to throw out different scenarios.

Commented by /u/GhostOfMcAfee in /r/algorand on November 4, 2022 18:00:10
/r/algorand/comments/ym70c4/algo_going_strong/iv2dd1c/

steak & eggs?

Commented by /u/GhostOfMcAfee in /r/algorand on November 4, 2022 15:27:14
/r/yieldly/comments/ym5yjw/yieldly_not_responding_to_signed_transactions_in/iv27472/

Open Pera settings and disconnect all open wallet connect sessions then try again

Commented by /u/GhostOfMcAfee in /r/yieldly on November 4, 2022 14:45:25
/r/algorand/comments/ylnqks/revisited_what_tps_does_algorand_need_to_be/iv260bv/

Good question and it’s somewhat over my head. My understanding is that block size is roughly the same, whether it’s filed with transactions or is empty. So I don’t think it would affect storage all that much. I’m unsure how much it would affect egress though. That is, I don’t know how much is merely baseline traffic going to participation nodes regardless of TPS and how much each added transaction scales up. That’s all well beyond my knowledge.

Commented by /u/GhostOfMcAfee in /r/algorand on November 4, 2022 14:38:11
/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/iv1qjqu/

Thank you. And yes, it’s very much a moving target with multiple variables. I’m doubtful we actually need rewards for participation nodes. I think they can eventually make a participation node a requirement for governance in a couple years. Then, after governance rewards are done, the ability to secure the network is incentive enough. As far as relays, the issue is not so much the number, but the ability of anyone to participate in a permissionless way. The current number IMO, suffices. But, I was deliberately taking a critical stance.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 12:59:23
/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/iv1nwdo/

I’ve bought some, but people don’t need to buy any to try out the beta test. And that’s the good part. They can try it out before putting any money in.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 12:42:20
/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/iv1nce9/

What good are unreachable nodes? Serious question. I genuinely don’t know what good an unreachable node would do.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 12:38:44
/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/iv04dk8/

I was salty AF about this. But it seems the visa deal predated Algo. Sucks still. But it is what it is

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 04:31:39
/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/iv02msa/

Uhhh, zero relays equals zero movement. Anything above zero equals movement. I don’t know what is hard to understand.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 04:05:11
/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/iv00szs/

My point is that I’m not prognosticating on any “pumps”. I’m just throwing out some numbers.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 03:37:53
/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/iv00bjp/

Meh. You can have your opinion. My purpose was limited and known

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 03:30:42
/r/algorand/comments/ylnqks/revisited_what_tps_does_algorand_need_to_be/iuzxcu7/

To be fair, the internet egress for relay's is quite insane. He isn't terribly off in terms of cost even though he didn't source it well. Where he really fumble's it is in terms of numbers. 10K relays is kind of absurd when you know what their purpose is.

Commented by /u/GhostOfMcAfee in /r/algorand on November 4, 2022 02:46:48
/r/algorand/comments/ylnqks/revisited_what_tps_does_algorand_need_to_be/iuzwad0/

We don't. As I point out, it is questionable whether we need to. I have a large enough stake that I have no problem not only paying for a node but also buying nodes for others. However, I was merely buying into the OP's theory for the sake of counter argument. I've seen the original post used over and over as a source of FUD. I think there is much more to criticize, but I deliberately chose to start with his/her assumptions and be both critical and conservative from there. I think the number can negate participation nodes (an admitted change from what I previously believed). But, I meant to challenge the original post in increments and on his own battlefield.

Commented by /u/GhostOfMcAfee in /r/algorand on November 4, 2022 02:31:43
/r/algorand/comments/ylnqks/revisited_what_tps_does_algorand_need_to_be/iuzter0/

Agree. If value is proven, then nodes simply become a cost of reaping that value. I just figured that was too much of a pie in sky retort. I was willing to engage in OPs assumptions, but just dig in more critically in case OP's post get's used again for why Algo is unsustainable. Their 3k TPS conclusion has been taken as gospel for some reason.

Commented by /u/GhostOfMcAfee in /r/algorand on November 4, 2022 01:52:58
/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/iuzsnb7/

Vendible. Basically, imagine a system where you never need to worry about losing your keys, but you also never need to worry about any third party seeing them. They plan to use decentralized identifiers and ZK proofs so that your keys are essentially in a black box. Only you can open it based on a combination of biometrics and challenge questions. Because it is ZK proofs, nobody sees your keys but you, and they don't even see the inputs to unlock the keys. The reason I'm so interested in it is that it completely negates the issue of "how do you teach grandma how to store a seed phrase". I'm reserving a ton of judgment until full open source and the audits drop, but they have a long track record of backing by reputable institutions. Still, right now they are open for beta testing sign ups. It's worth using a rinky dink wallet to try it and see how it works. Then, assuming all the code checks out and high quality audits land, i might ease into it slowly. I'll probably never part from my Ledger, but really this isn't for people who own ledgers. It is for people who are venturing into crypto and DeFi without the long grizzled track record of crypto veterans. I see zero downside in beta testing it. If it fails, oh well, I didn't lose anything. If it works though, it's a bridge between early adopters and mainstream.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 01:43:24
/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/iuzrlp0/

you would be surprised. This bear market has weirdly coinsided with in a ton of new projects. It seems to be bad luck that Algo is building out in a bear rather than exploding in the middle of the last bull. There is one multi chain project (no token yet) that I'm incredibly excited about, not because of what it means for Algo, but what it means for crypto generally. There are a lot of projects to test out right now.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 01:30:39
/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/iuzqzlt/

Indeed. We are not self funding at this moment. It would not take all that much to get there based on real world usage. This was not meant to be a shill post, but rather a purely technical post to correct what I believed were incorrect assumptions that have been perpetuated to suggest Algo cannot be sustainable. In my mind, the OP just made some wacky assumptions that weren't challenged. My post was deliberately meant to be conservative and critical.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 01:23:19
/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/iuzqo1h/

Somebody posted that we need Algo at $10 and at 3k TPS for it to be self sustaining. My analysis says Algo could be at these shitty bear market prices forever, but if we are at 874 TPS, it would be full self-funded into the future. If Algo only hit it's prior ATH by 2030, it would be self funded at 108 TPS. If it had ETH's current market cap, it would be self funded at 17 TPS. My point was not to say it will happen (though I think it will, easily) but to put out a well researched critique of a prior post that has been used to say many times over here and elsewhere that Algo is not sustainable.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 4, 2022 01:19:31
/r/AlgorandOfficial/comments/ylnrl6/revisited_what_tps_does_algorand_need_to_be/iuzm8bp/

thank you. I'm open to any and all critiques on my assumptions and estimations. I tried hard to research this as much as possible, but it is still a post by a non-expert. I tried to consult with people who made submissions for community relays, but I'm admittedly not an expert. Just trying to narrow the window. I've seen the original post used too often as support for some pretty strong FUDing without it ever really being challenged. I tried my best to actually be conservative in my estimates. But, I assume I've made errors somewhere.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 4, 2022 00:30:39
/r/algorand/comments/ylnqks/revisited_what_tps_does_algorand_need_to_be/iuzl8t0/

Fair enough. In my experience, it is often used as a passive aggressive tool. Sorry for misinterpreting. I look forward to any critique you have to make these estimates more accurate. Good night my friend.

Commented by /u/GhostOfMcAfee in /r/algorand on November 4, 2022 00:20:30
/r/algorand/comments/ylnqks/revisited_what_tps_does_algorand_need_to_be/iuzjz7t/

That's an interesting remindme on a post like this. I'm genuinely interested in what you think will have changed in 2 days.

Commented by /u/GhostOfMcAfee in /r/algorand on November 4, 2022 00:08:16
/r/algorand/comments/yl2baa/tried_out_algorand/iuxzwm4/

No token, at least as of yet, but there’s a promising project getting ready to beta test on test net. You can sign up to do beta testing on it, and get rewarded with an airdrop when the token launches. This, to me, is a great way to figure out if a project is good without having to invest money and rely on what others say. The project is Vendible. Basically the project is meant to be way to never have to worry about losing your private keys while also never having them exposed to any third party, even Vendible. All the architecture will run on Algorand, but they service will be made available for use on multiple chains. Read up about it and if it interests you, you can sign up to do beta testing.

Commented by /u/GhostOfMcAfee in /r/algorand on November 3, 2022 16:51:48
/r/CryptoCurrency/comments/yke8wn/crypto_influencer_george_from_cryptosrus/iuvpp3c/

No. That was the SEC dick wagging and overstepping it’s bounds because they want to label everything a security. The DOJ can bring good old fashioned fraud cases.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 3, 2022 07:21:36
/r/AlgorandOfficial/comments/sy1zax/what_happened_to_the_relay_node_program/iuvmdd9/

I assumed they were not cheap, and agree that the biggest incorrect assumption was number rather than cost per node (at least as it relates to relays). However, what I’m hoping to do is actually come up with a rough yearly cost per relay (basically factoring in cost of hardware vs life cycle of hardware, electricity, bandwidth, etc).

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 3, 2022 06:42:47
/r/algorand/comments/yktau5/best_place_to_stake_algo/iuv0sad/

Depends. Are you willing to take on risk from DeFi?

Commented by /u/GhostOfMcAfee in /r/algorand on November 3, 2022 01:31:31
/r/AlgorandOfficial/comments/sy1zax/what_happened_to_the_relay_node_program/iuunf4q/

hey, would either you or u/Laser-Brain-Delusion mind sharing with me your estimated cost of running a hardware relay? I'm working on a post that attempts to revisit the assumptions in [this post](https://www.reddit.com/r/AlgorandOfficial/comments/vvxb9e/what_tps_does_algorand_need_to_be_sustainable_by/). It has, in my opinion, some severe assumption errors that I think led to it assuming we need way higher TPS than we actually do. Unfortunately, that has resulted in quite a few people linking to it and using it as a source for FUD. I'm hoping to make as factually accurate and researched alternative as possible.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 2, 2022 23:15:21
/r/CryptoCurrency/comments/yke8wn/crypto_influencer_george_from_cryptosrus/iuuc9ra/

It might have been already. DOJ doesn’t formally announce criminal investigations (though they sometimes leak). They generally happen quietly and either result in charges and become public or get shut down without anyone knowing there was an investigation to begin with.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 2, 2022 21:49:19
/r/CryptoCurrency/comments/ykckug/itt_make_a_shitcoin_based_off_of_where_you_grew/iuu2cg4/

Yessir. $ARCH holders also get free AB tours and exclusive access to toasted raviolis.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 2, 2022 20:39:00
/r/CryptoCurrency/comments/ykckug/itt_make_a_shitcoin_based_off_of_where_you_grew/iut21sk/

The most dangerous coin in the country.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 2, 2022 16:27:53
/r/CryptoCurrency/comments/yke8wn/crypto_influencer_george_from_cryptosrus/iusu094/

This could easily qualify as wire fraud, especially if he was making a “stop FUDding” video while knowing they have solvency problems. Hope the DOJ or some other law enforcement takes a look at this. The dollars he removed aren’t eye popping so as to ordinarily get DOj’s attention, but there is value in making an example of bad actors.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 2, 2022 15:36:51
/r/CryptoCurrency/comments/ykckug/itt_make_a_shitcoin_based_off_of_where_you_grew/iusri6e/

I wouldn’t invest. I heard a couple years ago they lost their best dev to the rival $BUCC chain.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 2, 2022 15:20:52
/r/CryptoCurrency/comments/ykckug/itt_make_a_shitcoin_based_off_of_where_you_grew/iusl08u/

$ARCH - It’s a high risk high reward coin. Mainly used to invest in the local professional baseball team and entitles you to some pretty good BBQ. Sometimes, however, fellow holders will steal your car and/or murder you.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 2, 2022 14:39:47
/r/BitcoinMarkets/comments/yjuv4k/daily_discussion_wednesday_november_02_2022/iusfb2p/

Just ensuring everyone on both sides gets stopped out.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on November 2, 2022 14:03:49
/r/BitcoinMarkets/comments/yjuv4k/daily_discussion_wednesday_november_02_2022/iuseu7o/

Holy Jesus those candles are wigging out.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on November 2, 2022 14:00:55
/r/algorand/comments/yjn40c/fifa_collect_looks_like_a_bust_why_is_the/iupci2f/

He's been a real ball of sunshine, consistently posting negativity (often not even feigning legitimate criticism, just negative comments). What's funny is the account is barely a month old. Yet, 12 days ago posted how (in reference perceived over-optimism) that the sub "wasn't like this before. It got increasingly cultish when Algorand started underperforming." Unless he was a longtime lurker, or had an old account get ban hammered by twitter, it makes me wonder if he is just LARPing.

Commented by /u/GhostOfMcAfee in /r/algorand on November 1, 2022 21:09:21
/r/CryptoCurrency/comments/yjk4s2/my_adventure_as_a_crypto_bounty_hunter_part_2/iuodcli/

You may already be aware, but the Breadcrumbs app is great for helping track these transactions and finding connected wallets.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on November 1, 2022 17:05:11
/r/algorand/comments/yjf0gt/woooow_what_the_hell/iunuu2y/

They do. They are listed as a sponsor on the website. Still, one would think the IP licensing agreement would not allow them to put out a directly competing product (NFTs) without pre approval.

Commented by /u/GhostOfMcAfee in /r/algorand on November 1, 2022 15:08:31
/r/algorand/comments/yjf0gt/woooow_what_the_hell/iuntygn/

But I don’t see how they could use any FIFA/World Cup imagery, video, logos etc without FIFA signing off on it.

Commented by /u/GhostOfMcAfee in /r/algorand on November 1, 2022 15:03:01
/r/algorand/comments/yjf0gt/woooow_what_the_hell/iunsque/

Yeah. Even though this is a limited thing, it’s pretty damn scummy to name Algo as the official blockchain provider for FIFA, then to have FIFA just lucena rights out to third parties to use on other chains.

Commented by /u/GhostOfMcAfee in /r/algorand on November 1, 2022 14:55:35
/r/AlgorandOfficial/comments/yj5ycd/have_one_more_nft_question/iunqjms/

In the US, plates are generally issued by the state and keyed to a particular vehicle/person such that you cannot sell your plates to another person and just have them slap it on their car and drive away. It’s all registered with the state, and if the plates don’t match the car/owner on the registration, you get a ticket. In short, the state records ownership. If the plate is transferred, it requires state intervention and recording. And, in that case, there really isn’t much of a need for NFTs, since the mere fact that you have the plate registered by the state to your vehicle shows ownership. I don’t see what an NFT would add.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 1, 2022 14:41:50
/r/algorand/comments/yjf0gt/woooow_what_the_hell/iunimop/

I don’t know how Visa/CDC could steal the idea. FIFA has IP rights. You can’t use World Cup branding without FIFA’s approval. It makes me wonder if this is just expanding the existing NFT thing that runs on Algo to include more partners/promotion. I don’t know how FIFA would be able to break away and do something on another chain since the partnership/sponsorship deal with Algo involved Algo being the official blockchain platform.

Commented by /u/GhostOfMcAfee in /r/algorand on November 1, 2022 13:52:12
/r/AlgorandOfficial/comments/yj5ycd/have_one_more_nft_question/iumsflo/

Seems like an unlikely use. IMO, the main value in NFTs is demonstrating uniqueness and ownership so it can be transferred for value. People don’t trade license plates. So, there is not really a unique need for them to be on blockchain as opposed to a centralized government database.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on November 1, 2022 11:02:28
/r/algorand/comments/yj1775/the_governors_hat_is_visiting_a_new_continent/iulirql/

So excited for our Aussie Algonauts to get it. Forget shooting a boot, tap a top hat.

Commented by /u/GhostOfMcAfee in /r/algorand on November 1, 2022 02:50:54
/r/BitcoinMarkets/comments/yiy5rq/daily_discussion_tuesday_november_01_2022/iulhlbk/

Saudi Arabia dictates gasoline prices, not Russia. Russia supplies a lot of oil, but their major export is natural gas. SA is the sweet crude factory. They can snap their fingers and drown the world in oil. IMO, the epic big brain would be to announce a push to open dozens of nuclear reactors and transition as much of the US as possible to electric heating and EVs. The fight to try to squash that would be intense. SA would open taps to make it look unprofitable in the near term.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on November 1, 2022 02:33:33
/r/algorand/comments/yipgmo/general_consumer_use_cases/iul9iyt/

OPUL allows for fractional ownership of music copyrights/royalty streams. I have my own hang ups that made me exit the project pretty early on (really just a matter of not liking the CEO’s personality because I think he’s a bit of a douche). But, it has a real consumer use case. I’ve contemplated holding my nose and jumping back in depending on what the ROI for the first royalty distribution looks like.

Commented by /u/GhostOfMcAfee in /r/algorand on November 1, 2022 00:46:51
/r/CryptoCurrency/comments/yi6ur5/four_months_ago_i_calculated_the_yearly_rate_of/iuic6go/

Oh, it went to the moon. It was just a round trip. That’s why it’s counterpart was Terra.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 31, 2022 11:35:49
/r/algorand/comments/yeevst/transparency_in_lottery_raffles/iu7gcsm/

I have no interest in being an investor for all the reasons I laid out. The crypto space is full of scams and the things I highlighted are all red flags just on their own. Taken together, they scream "rug pull." And, I'm not reporting your account, just the post. Advertising for Ethereum tokens in a sub devoted exclusively to Algorand is prohibited by the subs rules. Every sub devoted to a specific chain has similar rules. Go to r/eth or r/bitcoin and try to promote a token on some other chain and see what happens. It will get pulled within minutes.

Commented by /u/GhostOfMcAfee in /r/algorand on October 28, 2022 23:20:12
/r/algorand/comments/yfb0dp/are_we_going_back_to_020s/iu5uils/

If it happens, I think it will be because of big players stop hunting those leveraged longs. I wish people would just trade spot for a while.

Commented by /u/GhostOfMcAfee in /r/algorand on October 28, 2022 15:45:53
/r/algorand/comments/yfo1dk/defi_volume_goes_up_algorand_price_has_gone_down/iu4ugts/

I don’t think it would really have an effect. Most of the buying/selling that drives markets is not happening on DeFi. Instead, it’s done on exchanges. If you want to drive up price, have everyone remove their coins from the exchanges unless they are actively trading.

Commented by /u/GhostOfMcAfee in /r/algorand on October 28, 2022 11:44:21
/r/algorand/comments/yeevst/transparency_in_lottery_raffles/iu4naqy/

Yeah. Everyone starts from day one. But not everyone is shilling a token and asking people to give them money. As far as the team. Well Bitcoin in the initial days wasn’t pre-sold in a large, hype-driven ICO. Exchanges didn’t exist then. People mined it themselves or traded it P2P for mere peanuts. Satoshi never touched his coins, and so trust in it was built organically. That’s a far cry from todays world where there’s a new rug pull every day. There is almost no reason for having an undoxxed team other than wanting to avoid responsibility. And no. Waving your hands and saying “it works on blockchain” is not an explanation. If your whole project is about providing randomization for raffles, then one would expect your white paper to have a significant discussion about those things. But, it essentially has none. When a project doesn’t show their work so it can be analyzed, the “white paper” is essentially “trust me bro”. Yeah sure. Harvard is free to students who are so gifted that the school wants them so it can maintain prestige. You know what isn’t free though? A quality code audit by a reputable company. The so called “audit” is a joke. Zero analysis whatsoever. It might as well be a note from your mom. And yeah. ETH sure is a popular protocol. But guess what? This isn’t an ETH sub, and the first rule in this sub is that posts need to be Algorand related. But, I wouldn’t expect you to follow the rules when all you are doing is trying to spam blast various Reddit subs to get them to buy your bullshit token. The only reason I responded instead of just flagging your post for removal is because I wanted to make sure in the interim that nobody fell for this horseshit.

Commented by /u/GhostOfMcAfee in /r/algorand on October 28, 2022 10:55:48
/r/algorand/comments/yfb0dp/are_we_going_back_to_020s/iu4idnf/

I didn’t say scandal/hack was the only way we could get there. I said that or BTC reaching new cycle lows. Algo has had a solid floor in this range, often trading with less volatility than BTC or ETH. At these prices for Algo, I don’t see the motivation for any whale to capitulate, especially via an exchange rather than OTC. The only reason I could see is forced capitulation because of insolvency. Now, as to the overcrowded longs. Yeah. That’s a problem, and the recent short liquidations on FTX are what drove the recent pump. People need to cool it with the damn leverage or else Alameda will be hunting those long positions as well. But again, that’s really a matter of BTC driving the market. [edit: To be clear, I pretty much agree with all of your thinking. I just don’t see the impetus for Algo break new cycle lows without the whole market doing the same.]

Commented by /u/GhostOfMcAfee in /r/algorand on October 28, 2022 10:21:56
/r/algorand/comments/yfb0dp/are_we_going_back_to_020s/iu2pl2q/

Maybe. Maybe not. But the author's reasoning is trash and the whole article is testament to why 90% of these crypto publication "forecasts" are dogshit. They are cranked out with little real thought and are just designed to get clicks. Either it makes you excited so you click to feel good or it makes you click so you can doom scroll. Could Algo go to .25? Sure. But it's probably only going to happen if either some massive scandal or hack hits Algo, or if Bitcoin also tanks and drops below its low this cycle. The author's reasoning is nonsensical. "Oh, Algo pumped from sub .30, but didn't keep going up infinitely and instead corrected." Yeah, no shit. That's how markets tend to work, especially in a bear cycle. Tomorrow, this same publication will probably make a counter piece that goes "Oh, Algo pumped when everyone else was flat. It corrected, but this trend breaking clearly shows it is primed to double in the next 2 weeks. Derp." Edit: It's also absurdly suspicious that 1/3 of this article is devoted to shitting on Algo, then the other 2/3 is devoted to shilling Algo holders into participating in the presale of a random new shit token on ETH designed to deliver "trading signals" (uhh, just open a TradingView premium account, problem solved). I would bet my entire stack that whoever wrote this horseshit article either was paid to do so or is heavily invested in the shit token being shilled. Edit 2: JFC. Scroll down that page. Literally every new article that populates under the link you provide starts off as a talk about some other crypto, then devolves into a shill for the same shit token.

Commented by /u/GhostOfMcAfee in /r/algorand on October 27, 2022 22:45:47
/r/algorand/comments/yeufsx/best_bridge_from_eth_to_algo/iu0ijkv/

I have nothing against KuCoin. It’s just a personal preference. MEXC always worked well. However, KuCoin kinda botched the OPUL launch. First they didn’t have Algo integration (even though they were supposed to). Then, after they integrated it, they were charging exorbitant ETH-style withdrawal fees even though the token was on Algo chain. Eventually they fixed it, so I’m sure they are good now. And, I’ve used them for other things. So, it’s not like I’m against them. It’s just my experience with MEXC has been better. As far as trading fees, since OP isn’t actually trading anything, there aren’t trading fees, just the transaction fees to send it in then withdraw it.

Commented by /u/GhostOfMcAfee in /r/algorand on October 27, 2022 13:27:45
/r/algorand/comments/yeufsx/best_bridge_from_eth_to_algo/itzxy7o/

You can use a non KYC exchange that supports USDT on Algo. MEXC and KuCoin are options. Basically just open an account, deposit USDT in ETH form to your account. Then withdraw. Select the option to withdraw the USDT to the Algo chain. Out of the two, my preference is MEXC.

Commented by /u/GhostOfMcAfee in /r/algorand on October 27, 2022 11:14:27
/r/algorand/comments/yep8cz/this_is_what_will_drive_demand_for_algos/itzsaq2/

If the coin gets so expensive that it causes friction and disincentivizes use, it is in the chains interest to lower the minimum transaction fee, which can be done.

Commented by /u/GhostOfMcAfee in /r/algorand on October 27, 2022 10:36:57
/r/decentraland/comments/ydhi4l/transparency_in_lottery_raffles/itxppbp/

5 day old Reddit account Glitchy website Undoxxed team Whitepaper without a bit of math or technical discussion of VRFs or how you ensure randomness "Audit" by a company that provides "free audits" and contains absolutely zero analysis Does this sound like a real project? Or a scam?

Commented by /u/GhostOfMcAfee in /r/decentraland on October 26, 2022 21:45:57
/r/goraffles/comments/yd5iu4/transparency_in_lottery_raffles/itxpnrj/

5 day old Reddit account Glitchy website Undoxxed team Whitepaper without a bit of math or technical discussion of VRFs or how you ensure randomness "Audit" by a company that provides "free audits" and contains absolutely zero analysis Does this sound like a real project? Or a scam?

Commented by /u/GhostOfMcAfee in /r/goraffles on October 26, 2022 21:45:37
/r/algorand/comments/yeevst/transparency_in_lottery_raffles/itxphf3/

5 day old Reddit account Glitchy website Undoxxed team Whitepaper without a bit of math or technical discussion of VRFs or how you ensure randomness "Audit" by a company that provides "free audits" and contains absolutely zero analysis Advertises an ETH based token on an Algorand sub

Commented by /u/GhostOfMcAfee in /r/algorand on October 26, 2022 21:44:17
/r/AlgorandOfficial/comments/yebmvn/world_cup/itxnyg5/

If you are playing futures instead of holding spot, you probably should be looking to macro indicators and how it will affect the market generally. If the overall market decides to drill, the World Cup won't counteract that to the upside. Besides, the real potential benefit of a FIFA partnership is far beyond this World Cup.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 26, 2022 21:32:41
/r/algorand/comments/ye8q4s/is_usdca_not_available_on_ftxus/itxeyfy/

Well, I see someone else commented that it's not available on FTX US. Good to know. I was about ready to set up an FTX account just for USDCa. Glad I haven't done so now. Kinda sucks the US always seems to get shafted on access to crypto.

Commented by /u/GhostOfMcAfee in /r/algorand on October 26, 2022 20:24:30
/r/algorand/comments/ye50m5/missing_governance_algo/itwy0kk/

Lots of required zoom meetings today that aren’t directly relevant to me.

Commented by /u/GhostOfMcAfee in /r/algorand on October 26, 2022 18:17:35
/r/algorand/comments/ye8q4s/is_usdca_not_available_on_ftxus/itwxbzz/

If you have an existing USD balance, and you try to withdraw, does it give you the option of withdrawing as USDC? I did a quick Google search and it says they treat USD, USDC, and BUSD as being in the same “USD stablecoin basket”. I’m wondering if that means you don’t have to swap anything (eg you can just withdraw USD as USDC)

Commented by /u/GhostOfMcAfee in /r/algorand on October 26, 2022 18:12:40
/r/algorand/comments/ye8q4s/is_usdca_not_available_on_ftxus/itwvp8t/

Hmm. I’m not familiar with FTX specifically, just going off experience from MEXC and KuCoin. Hopefully someone here with more knowledge about FTX’s platform can help.

Commented by /u/GhostOfMcAfee in /r/algorand on October 26, 2022 18:01:01
/r/algorand/comments/ye8q4s/is_usdca_not_available_on_ftxus/itwsrvl/

Exchanges that support USDCa typically don’t have an option to buy USDCa specifically. Instead, you buy generic USDC. Then, when you go to withdraw, you select which chain you want to withdraw to.

Commented by /u/GhostOfMcAfee in /r/algorand on October 26, 2022 17:41:26
/r/algorand/comments/ye50m5/missing_governance_algo/itvyoo8/

If you did Governance #4 through AlgoFi vault, then no, they aren’t sent back to your main wallet. You have to reclaim them from the vault. Also, since Governance period 4, AlgoFi rolled out V2. So, you need to go to the V1 version of Vault to reclaim them n

Commented by /u/GhostOfMcAfee in /r/algorand on October 26, 2022 14:29:42
/r/algorand/comments/ydyhee/self_sovereign_identity/itvv0km/

I got an invite, but the testnet hasn’t been launched yet.

Commented by /u/GhostOfMcAfee in /r/algorand on October 26, 2022 14:06:11
/r/algorand/comments/ydfs3h/transaction_from_is_rekeyed_address/itvq5dp/

Do you get it when attempting a swap on another DEX?

Commented by /u/GhostOfMcAfee in /r/algorand on October 26, 2022 13:35:03
/r/algorand/comments/ydfs3h/transaction_from_is_rekeyed_address/itvie5u/

I’m at a loss for explaining it then. Sounds like your wallet was not surreptitiously rekeyed though. What asset pair and which DEX? I’ll see if I get the same when I try to initiate such a swap.

Commented by /u/GhostOfMcAfee in /r/algorand on October 26, 2022 12:45:16
/r/AlgorandOfficial/comments/ydyih9/live_in_15_minutes_john_woods_will_be_live_on_the/itv7l6o/

Fair. I figured that would be the case, but submitted questions on it anyway since he probably has some insight into it notwithstanding the fact it is not his specific role.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 26, 2022 11:34:32
/r/AlgorandOfficial/comments/ydyih9/live_in_15_minutes_john_woods_will_be_live_on_the/itv6fdq/

I’ll have to watch it tonight. Did he, by chance, talk at all about xGov?

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 26, 2022 11:26:52
/r/BitcoinMarkets/comments/ydocqa/daily_discussion_wednesday_october_26_2022/itv3rwv/

I wonder if the guy [from yesterday] who claimed to have gone 100x short at around 20k (hoping for a retrace to 19.2k), ever got liquidated? Or is he shoveling in margin?

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on October 26, 2022 11:09:13
/r/algorand/comments/ydyhee/self_sovereign_identity/ituxph3/

Vendible is building something like that. They are looking for beta testers. If interested, you can sign up to try it out on testnet. The idea is to use zero knowledge proofs to prove identity so that you could use it as a trustless wallet and key recovery system. The decentralized identifier system could be used to prove identity for other things as well.

Commented by /u/GhostOfMcAfee in /r/algorand on October 26, 2022 10:28:00
/r/CoinBase/comments/ydimat/ftx_now_binance_when_will_usdca_usdc_over/itsi18g/

Jokes aside, Coinbase Pro is how I buy all my spot. But, this genuinely makes me consider moving to FTX or Binance. I refuse to let my USD or crypto sit in an exchange longer than necessary. Having the ability to buy and move USDCa directly means I bring in a big chunk of USD, convert to USDC, and move it into self custody either lend or to deploy for buys as I see fit.

Commented by /u/GhostOfMcAfee in /r/CoinBase on October 25, 2022 19:47:43
/r/algorand/comments/ydfs3h/transaction_from_is_rekeyed_address/itrxsmy/

A wallet cannot be rekeyed without the holder taking some affirmative step to do so (either by rekeying to a ledger or signing a rekeying transaction) Send yourself a 0 Algo transaction and see if the note is there. If the note is there too, then that’s concerning. Also, even if the note isn’t there, consider opening up a different browser and see if your seed import to MyAlgo works on that browser. If the seed import doesn’t work, then again, that would be concerning. Edit: Also, any insight on what the transaction is you were trying to approve? And, was this an attempt to use a vaulted wallet?

Commented by /u/GhostOfMcAfee in /r/algorand on October 25, 2022 17:20:03
/r/AlgorandOfficial/comments/yddq1s/projected_governance_p5_aprs_vanilla_66_liquid/itrjai3/

Especially if using AlgoGard to get both the DeFi governance and Aeneas rewards on the GARD>GARD staking. Kinda wish I put even more there instead of spreading it around other protocols. Was afraid to put all my DeFi eggs in one basket though.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 25, 2022 15:47:42
/r/AlgorandOfficial/comments/yddq1s/projected_governance_p5_aprs_vanilla_66_liquid/itriujq/

Thank you OP. Glad I upped my DeFi vs vanilla governance allocation.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 25, 2022 15:44:57
/r/facepalm/comments/ycspds/anti_racism_event_in_school_district_ends_up/itri18p/

You mean, like this? https://youtu.be/Ev373c7wSRg

Commented by /u/GhostOfMcAfee in /r/facepalm on October 25, 2022 15:39:49
/r/algorand/comments/ycv40c/is_hideaways_targeting_algo_holders_with_these/iton6fr/

They are targeting anybody gullible enough to invest money in a project with an undoxxed team, promising 100% returns in a week, and a website that was [created barely two months ago](https://www.whois.com/whois/thehideaways.io).

Commented by /u/GhostOfMcAfee in /r/algorand on October 25, 2022 00:23:46
/r/algorand/comments/yc03h0/node_question/itnzmur/

>You're still relying on "foundation relays", just with extra steps. ![gif](giphy|PjsIkqGHyk1Iz0ZKYo)

Commented by /u/GhostOfMcAfee in /r/algorand on October 24, 2022 21:15:10
/r/algorand/comments/yci7op/algofam_back_up_your_wallet_codes_on_paper_and/itn6db9/

All of my seeds are on steel, just not divided up. I may eventually do it, but I’m pretty confident in the security of my storage solution.

Commented by /u/GhostOfMcAfee in /r/algorand on October 24, 2022 17:39:45
/r/algorand/comments/yci7op/algofam_back_up_your_wallet_codes_on_paper_and/itmie6q/

If you have a decent stack, I would advocate that you not rely on paper. It can be destroyed by fire and flood. A method I’ve come across that is both secure and cost effective is as follows. Go get: 1) a metal stamping kit for like $12 off Amazon; 2) 50 metal washers; and 3) 3 bolts with nuts that the washers will fit on. Divide 50 washers into two sets of 25. Then, stamp in the seed number and seed word on the washers so you have two complete sets of your seed phrase. Again, make sure you number the words correctly since you need both the correct words and correct order. Now, divide each of the two sets into groups A, B, and C, where group A is words 1-8, group B is words 9-16, and C is words 17-25. Then, put set 1A and 1B on a bolt. Put set 2A and 1C on another bolt. And, put 2B and 2C on the third bolt. Affix the nuts to the bolts. Now, hide each bolt in a separate secure and difficult to guess location. Why do this? 1) Resiliency: Steel holds up better than paper. 2) Secrecy: because it holds up better, you can hide it in more inconspicuous and/or unforgiving places. 3) Security: even if any one bolt is found by a thief, they still don’t have the full seed phrase. 4) Redundancy: Even if you lose one bolt to catastrophe, you can still access your seeds by getting the other two. Edit: The same could be achieved with other means, such as stamping the partial seeds on 3 small pieces of sheet metal, dog tags, etc. The point is having them on steel and split up so you need 2 of the 3 sets to have the full seed phrase.

Commented by /u/GhostOfMcAfee in /r/algorand on October 24, 2022 15:04:20
/r/AlgorandOfficial/comments/ybj4u2/wen_xgov/itlkvs5/

Yes. But much of what AlgoFi has done involves procedures that were discussed in the Algorand website forum long before AlgoFi governance. So, it’s not like they are completely new concepts.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 24, 2022 11:27:14
/r/algorand/comments/yc03h0/node_question/itla6m7/

If what u/calibrationed says is true, then you can also check out these guides to help supplement or explain things from the dev docs he linked to. https://www.reddit.com/r/AlgorandOfficial/comments/p9dv17/guide_algorand_participation_node_using_a/ https://www.reddit.com/r/algorand/comments/u4rq26/supplemental_guide_to_running_a_participation/

Commented by /u/GhostOfMcAfee in /r/algorand on October 24, 2022 10:12:35
/r/algorand/comments/yc03h0/node_question/itl9mtk/

Your vertical leap increases 47% and you develop the ability to do push ups with no hands.

Commented by /u/GhostOfMcAfee in /r/algorand on October 24, 2022 10:08:29
/r/algorand/comments/yc03h0/node_question/itjqb5p/

Okay. It may take me a bit to see if I can even figure out how a windows version works. Hopefully somebody more knowledgeable here can beat me to the punch. In the meantime, it might not be a bad idea to check out the #run-a-node channel in Algorand's Discord server.

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 23:39:25
/r/algorand/comments/yc03h0/node_question/itjp6uy/

Okay. Then you need to set up participation keys and signal to the network that it is ready to participate in consensus. I am not familiar with setting up nodes on anything besides mac and linux operating systems. I'll see if I can find some resources though. Before I go further though, is this a system that can have constant uptime or is this a machine that you only turn on periodically (i.e. a laptop)?

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 23:29:35
/r/algorand/comments/yc03h0/node_question/itjn0p0/

Relay nodes must always be archival. (see the "info" box near the bottom of this page [https://developer.algorand.org/docs/run-a-node/setup/types/](https://developer.algorand.org/docs/run-a-node/setup/types/)) Are you sure it is actually a relay node? Relay nodes have significantly higher computing, electricity, and bandwidth requirements. If you are actually running a relay, then the only thing it will really do is pass connections between participation nodes that are configured to receive connections from outside of the default permissioned group of relays on the Foundation's whitelist. The Foundation is opening things up through a community relay program, but you have to apply to be a part of it.

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 23:11:34
/r/algorand/comments/ybxzyr/yes_you_just_received_a_transaction_from_an/itjd80p/

couldn't you just use a dummy account with nominal Algo in it and see which wallet it tries to send to? \[edit: Once you see the wallet where the scammer collects funds, that's the scammers other wallet. Then, you can see who sent transactions to it after the dusting and those are the victims\]

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 21:53:16
/r/algorand/comments/ybxzyr/yes_you_just_received_a_transaction_from_an/itjbxtn/

I'm aware of how hard it can be. I've done it with flow charts using Miro (a brain map software) when doing it on Algorand. It's a PITA. I wish Breadcrumbs or something like it would build in support for Algo wallet analysis. Breadcrumbs is awesome, but currently only supports BTC, ETH, Poly, and Ronin.

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 21:43:04
/r/algorand/comments/ybxzyr/yes_you_just_received_a_transaction_from_an/itjbhur/

You all kick ass. Keep up the good work.

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 21:39:35
/r/algorand/comments/ybxzyr/yes_you_just_received_a_transaction_from_an/itjb0lp/

Has there been any attempt by your collab to link back the dev wallet to an exchange with KYC? If not, I might make a stab at it.

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 21:35:52
/r/algorand/comments/ybxzyr/yes_you_just_received_a_transaction_from_an/itjaegb/

This is the first one so far that actually appears to link to a malicious site. So, it’s worth someone making a post about it. The site it links to is a spoof of Algorand’s website. It might have been the same people who were behind the spoof site that u/d13co found.

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 21:31:12
/r/algorand/comments/ybxzyr/yes_you_just_received_a_transaction_from_an/itja4pn/

Deleted my post so as to not clutter the board. I didn’t see yours live when I posted mine, but it seems you beat me by a minute.

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 21:29:04
/r/AlgorandOfficial/comments/ybs9uj/help_keeping_up_with_governance_deadlines/ititrtc/

Uncertainty is the price of convenience.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 23, 2022 19:22:04
/r/AlgorandOfficial/comments/ybs9uj/help_keeping_up_with_governance_deadlines/itim3ha/

Just remember that it is quarterly. Set a reminder on Jan 1, Apr 1, July 1, and Oct 1. That's when sign up starts. Sign up generally extends for 2 weeks after, unless there is a need to extend it. Proposals generally aren't announced until about month after sign up. Set reminders to check for proposals on Feb 1, May 1, Aug 1, and Nov 1. If the proposals are up on the website, then they will also be accompanied by dates that tell you when voting opens and when it closes. If they aren't there yet, come back in a week and check again.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 23, 2022 18:27:06
/r/AlgorandOfficial/comments/ybj4u2/wen_xgov/itiff67/

I would like to see a bit more in terms of design basics that get voted on as well. But, so long as it has a decent initial structure that can itself be amended by xGovs and Governance, it wouldn’t get me too riled up. I really wished they had put those up during one of the last two periods instead of wasting one period on a shitty rushed defi vote then a second period fixing their prior rushed idea.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 23, 2022 17:42:18
/r/algorand/comments/ybmpc5/strange_occurrence_pertaining_to_transacting_with/itht2t1/

That’s what I thought too. Everything else I’m aware of is smart contract based.

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 15:21:27
/r/algorand/comments/ybh3zm/algorand_weekly_discussion_october_23_2022/ithr8de/

Pera is pretty simple to use, but their site has some good resources. [https://perawallet.app/support/](https://perawallet.app/support/) As far as Governance, you missed Period 5 sign up by a couple days. You'll have to wait until the next quarter (starting Jan 1) to participate. For general resources on Governance, however, go to the Foundation's website: [https://governance.algorand.foundation](https://governance.algorand.foundation). Go to the bottom and check out the Governor's Guide and the Learn More options. As far as DeFi, u/algogovclub puts out a lot of guides on the various DeFi options. They have a substack here: [https://algogovclub.substack.com](https://algogovclub.substack.com) If you aren't looking to swap out Algo for another asset, I think your best bet would be AlgoGard. They have a ton of Aeneas rewards that they are giving out as part of their GARD>GARD staking contract, which is why reward APR is so high right now. Basically, you supply Algo as collateral to mint their overcollateralized stablecoin (GARD) and then stake the GARD into their staking contract. Just be careful not to overextend yourself and risk liquidation in the chance Algo price dips too far.

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 15:10:08
/r/algorand/comments/ybmpc5/strange_occurrence_pertaining_to_transacting_with/ithl8m9/

Hard to know without knowing which dApp it was. Somebody has to pay the transaction fee to send the rewards. Unless the dApp is eating those fees, which is atypical, you would need to sign the transaction so that you would be paying the fee to claim the reward.

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 14:32:16
/r/AlgorandOfficial/comments/ybj4u2/wen_xgov/itgw1pp/

Reading tea leaves here, but Massimo stated in the forum in response to a question about Period 5 proposals that his hope is that the proposals assume xGov is already up and running. Unless he’s blowing smoke, it sounds like we might have it before we see the Period 5 proposals, which is why I think the proposals will be about xGov compensation.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 23, 2022 11:45:57
/r/algorand/comments/ybheh5/is_algo_dead_make_the_case_either_way/itgvf4z/

So dead that it just hit all time high DeFi TVL. So dead that it rolled out a partnership with the largest sports league in the world. So dead that it added ~1.5M addresses and ~100 nodes in the past 90 days. So dead that it’s core developers rolled out two industry leading features (state proofs and quantum keys that ISO now adopted as a standard), increased max TPS to 6k, and reduced block times.

Commented by /u/GhostOfMcAfee in /r/algorand on October 23, 2022 11:41:35
/r/AlgorandOfficial/comments/yankat/looking_to_get_bank_tokens_is_it_worth_it/itetpu6/

https://www.reddit.com/r/algofi/comments/y8hzq6/comment/it0c2pc

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 22, 2022 22:38:41
/r/facepalm/comments/yay9s7/me_too_thanks/ites3s7/

You also wouldn't be carrying your mags in the small of your back. That's a terrible location for quick mag changes.

Commented by /u/GhostOfMcAfee in /r/facepalm on October 22, 2022 22:25:09
/r/algorand/comments/yadpvj/i_will_give_away_5_eth_in_the_comments_randomly/itan43o/

Same user is posting this all over to random crypto related subs. Don't fall for it.

Commented by /u/GhostOfMcAfee in /r/algorand on October 22, 2022 00:23:23
/r/algorand/comments/ya5vvi/milkomeda_pronunciation/itaby8a/

It's a portmanteau of Milky Way and Andromeda. The Milky Way and Andromeda galaxies will collide in several billion years. That's one of the names scientists give for the resulting galaxy. So, basically think about how you would say the "omeda" portion of Andromeda. Milk + omm + eda (with the "e" being a soft rather than a hard e).

Commented by /u/GhostOfMcAfee in /r/algorand on October 21, 2022 22:36:58
/r/AlgorandOfficial/comments/ya810l/what_happens_if_a_participation_node_doesnt_update/ita2r3w/

It would still show up as "online" if you were to look at it on something like Algoexplorer, but the node would not be able to actually participate in consensus. Other nodes would not recognize it as valid.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 21, 2022 21:20:45
/r/algorand/comments/ya4b70/what_are_we_voting_on/it9845d/

They generally don’t get announced until a few weeks after the sign up closes. And, it isn’t entirely secretive. Generally, it starts with discussions in the Algorand forum, which is where they seek input from the community on ideas. They haven’t started a thread on the topics for G5 yet to my knowledge though. As far as a mechanism for the community to propose votes, that’s what xGov is meant to be. Based on the latest from Massimo, I’m thinking the proposals this round will likely involve at least one question about implementation of xGov. My guess is an allocation of governance rewards to xGovs.

Commented by /u/GhostOfMcAfee in /r/algorand on October 21, 2022 17:22:37
/r/algorand/comments/y9xgzr/securitize_new_tokenised_fund_on_avax/it8f8mp/

That’s a decision for the client. Who knows why the client made that decision. Maybe they previously provided venture capital.

Commented by /u/GhostOfMcAfee in /r/algorand on October 21, 2022 14:06:56
/r/algorand/comments/y9xgzr/securitize_new_tokenised_fund_on_avax/it7xqp4/

Securitize is platform agnostic.

Commented by /u/GhostOfMcAfee in /r/algorand on October 21, 2022 12:10:46
/r/algorand/comments/y9esd2/why_you_should_beta_test_projects_like_crazy_in/it75lhh/

Thanks. Hadn’t heard of a few of those.

Commented by /u/GhostOfMcAfee in /r/algorand on October 21, 2022 08:51:20
/r/algorand/comments/y9esd2/why_you_should_beta_test_projects_like_crazy_in/it6cjn8/

Agreed. You and the commenter above have a decent list. Wayru and Goracle are also worth investigating. I'm sure we are missing some, and obviously nobody can test everything. I'm just saying it is worth keeping an eye open and trying things out. You don't need to do it all. Just find something that interests you. Down times deflate people and make them disengaged. But, really, this is the best time to be looking out for quality projects and helping them improve. Aside from the incentives you can get from early testing, it also helps you understand whether a project actually has real value before the hype of another bull run.

Commented by /u/GhostOfMcAfee in /r/algorand on October 21, 2022 02:55:50
/r/AlgorandOfficial/comments/y90kza/ama_vendible_a_privacypreserving_identity_network/it3sl6l/

I second this question. The privacy aspect sounded like you could create branched accounts. But I’m wondering how obfuscation would work. Could a person just track back to the funding transaction to see your wallet. And if not, how will it be OFAC compliant.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 20, 2022 14:51:20
/r/therewasanattempt/comments/y8adpe/to_write_a_hateful_message/iszsnvd/

Yup. Noticed that right after pondering what a Fucky is.

Commented by /u/GhostOfMcAfee in /r/therewasanattempt on October 19, 2022 18:02:42
/r/algorand/comments/y8497c/does_algorand_have_a_mixer_similar_to_tornado_cash/isymqvf/

Vendible is creating a product part of which is supposed to allow for privacy preserving transactions so that your main account isn’t disclosed. It’s gearing up for testnet, so I don’t know whether or how well it works.

Commented by /u/GhostOfMcAfee in /r/algorand on October 19, 2022 13:33:44
/r/algorand/comments/y7qa3o/is_limewire_building_on_algo_or_eth_they_say/iswg8bk/

Napster actually is a music streaming service. It has actual subscriptions and has a product. I'm not entirely writing Limewire off, but it looks more like an NFT and token cash grab. Napster, on the other hand, could have real utility and engagement precisely because it has an existing product that people pay for. They might just keep it as a cash flow generator, or they could try to open it up to for more community control/involvement. For instance, partner with Opulous and give preferential suggestions to this with higher staked OPUL backing. Create a governance token that also splits treasury. There's just a lot more built in possibility.

Commented by /u/GhostOfMcAfee in /r/algorand on October 19, 2022 01:01:29
/r/AlgorandOfficial/comments/y79bmq/john_woods_1_click_participation_node_installer/iswat5c/

This is absolutely amazing news. Interested to see if it is a solution that involves your own hardware, or if it is running in the cloud. u/d13co put out [a great guide for running a node for free on an Oracle server](https://d13.co/set-up-algorand-participation-node-on-oracle-cloud-free/). But, it is still a bit complex. A simple cheap solution for running a node could see decentralization go through the roof.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 19, 2022 00:06:37
/r/algorand/comments/y7fb4p/walletsecurity_question/isw619d/

>Is there any benefit to having a hardware wallet over this method security wise? Yes. Hardware wallets never expose your keys to an internet connected device. However, under your method, you would have to install Pera anew each time you want to use it and physically enter your seed phrase on the phone. While it is highly unlikely, malware could log those entries. Again, your method does make it less likely someone could hack your phone if stolen and be able to crack into your Pera app somehow. But, its also a bit of a PITA if you use it regularly. ​ >If a thief discovers the hardware wallet, that brings awareness to the presence of crypto, and they can then look for any documentation of private keys. If you hide your Ledger, it's unlikely to ever get noticed by a thief in the first place. But, even it if it is, you can put your seeds on steel. That way, you can hide it in a completely inconspicuous place and not worry about it being destroyed in a fire. Even if the thief managed to find your hidden Ledger, and went searching, they would have to check crazy places like air vents, cupboards, the oven, freezer, under the fridge, in couch cushions, the fireplace, cookie jars, the underside of the toilet tank, etc. Some people also have a clever method of making even harder. They engrave/stamp washers with their numbered seed phrases then split them up. Basically, engrave/stamp all phrases on two sets of 25 washers. Then, take each stack, divide them up into groups A, B, & C (eg. words 1-8 in A, 9-16 in B, and 17-25 in C). Then, take three bolts. Put groups A & B on one bolt, put B & C on another, and A & C on the third. Cap with a nut. Now, even if someone finds one bolt, they can't use the seed unless they find another. And, if one is destroyed somehow, you are good if you can recover any 2 of the 3. In your situation, unless you are using Algo very infrequently. You probably are going to want have your seed phrase in a location that is more easily accessible because you are constantly entering it. That makes it more likely to be found.

Commented by /u/GhostOfMcAfee in /r/algorand on October 18, 2022 23:23:15
/r/algorand/comments/y7ixye/serious_question_am_i_better_doing_governance_to/isw0ez9/

VIN Number *triggering intensifies*

Commented by /u/GhostOfMcAfee in /r/algorand on October 18, 2022 22:37:25
/r/algorand/comments/y787dh/why_algofis_bank_could_be_the_best_investment_in/istejoy/

Because someone yesterday didn’t know what slippage is. They YOLOed in when there was hardly any liquidity and it made it shoot through the roof temporarily.

Commented by /u/GhostOfMcAfee in /r/algorand on October 18, 2022 11:53:18
/r/algorand/comments/y6xwbr/does_algo_integrate_with_qnt/isrz084/

Whether QNT runs state proofs is up to it. Algo pushed the code. It’s up to other chains to install a lite client. If quant doesn’t, well then I question it’s purpose.

Commented by /u/GhostOfMcAfee in /r/algorand on October 18, 2022 03:26:46
/r/algorand/comments/y602v3/algorand_on_coinbase_wallet/isre7w2/

and yes. Nothing to vote on at the moment. Best to check in about 2 weeks to see what the voting period will be.

Commented by /u/GhostOfMcAfee in /r/algorand on October 17, 2022 23:28:16
/r/algorand/comments/y602v3/algorand_on_coinbase_wallet/isre3am/

Basic vanilla governance will be \~6.35%. 63.5M Algos will be distributed amongst all governors (basic governance and DeFi Governance). But, an additional 7M Algos will be devoted exclusively to DeFi Governors. Depending on the split between basic/DeFi Governance, the rewards for DeFi governance could be much higher. I would guess that it will be 3%-6% higher. It's higher reward, but also comes with the risk that the protocol you are using is susceptible to exploit despite being audited.

Commented by /u/GhostOfMcAfee in /r/algorand on October 17, 2022 23:27:12
/r/AlgorandOfficial/comments/y5ze51/the_spam_is_out_of_control_fix_this_garbage/isqyt9a/

It does get a little more snarky and rowdy over there. Still a good crowd. Civilized hooligans we are over on the unofficial sub. :)

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 17, 2022 21:23:56
/r/algorand/comments/y602v3/algorand_on_coinbase_wallet/isqy5tf/

I'm not going to provide a link because it is bad security practice to ever follow links that ask for you to sign in to a wallet. But, search for the Algorand Foundation. Go to the Governance tab (upper right). It's a good idea to read about it on the overview and Governor Guide. Once you feel comfortable, select the option to sign up as a Governor. The basic requirement is to keep not dip below what you commit for Governance and to vote on proposals. Your Algo aren't hard locked. You can still move them about, but if your wallet drops below the amount you commit, even for a brief instant, you are ineligible for the rewards. Part of this means you should not commit the entirety of your holdings. Leave enough for transaction fees. This is why if you commit the "max" it automatically only commits your total balance less 1 Algo. Another thing I'll warn about is that it is a soft lock. You do not actually send any Algo. So, don't be confused when it says it is a zero Algo transaction. The transaction is just signaling via a notes field what you are committing. It is not transferring any Algos. As far as voting, you must vote on the proposals. The voting window is not announced yet, but it is generally a 2 week period. Just check in periodically to see when the voting period starts and be sure to vote. Again, voting is a zero Algo transaction. There are ways to maximize rewards through DeFi governance, but, if you are new to self custody and/or DeFi, it might be best to get comfortable for a bit before you jump into that. It has increased rewards, but also some additional smart contract risk and can feel intimidating if you aren't used to self custody and using DeFi. If you are interested in it, there are several options. Finally, if you are new to self custody, I cannot impress upon you the importance of security. I won't go on in detail here because I don't know if you are already familiar with basic security of self custody, but if you are interested I'm happy to share some thoughts.

Commented by /u/GhostOfMcAfee in /r/algorand on October 17, 2022 21:18:53
/r/AlgorandOfficial/comments/y5ze51/the_spam_is_out_of_control_fix_this_garbage/isqvrx7/

I assumed it was an literal post instead of a snark. My apologies.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 17, 2022 20:59:48
/r/AlgorandOfficial/comments/y6e5wm/algofi_vebank_boosting_101/isqkfw2/

So its just the BANK emissions? I was concerned it would affect the APR of rewards from liquidity pools.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 17, 2022 19:29:07
/r/AlgorandOfficial/comments/y6e5wm/algofi_vebank_boosting_101/ispgku9/

But where does the “boost” come from? From treasury?

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 17, 2022 14:52:24
/r/AlgorandOfficial/comments/y5ze51/the_spam_is_out_of_control_fix_this_garbage/isor0bm/

The asset is Algo, so no, you can’t unless you just don’t want to use Algo.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 17, 2022 11:59:11
/r/CoinBase/comments/y4p6wy/cant_login_to_coinbase_pro_mobile_app/isoka9g/

Having the same issue. It’s kind of absurd they haven’t fixed this by now since it means they are potentially leaving money on the table in the form of trades that would have been executed if only their app worked.

Commented by /u/GhostOfMcAfee in /r/CoinBase on October 17, 2022 11:10:07
/r/algorand/comments/y602v3/algorand_on_coinbase_wallet/isnajr9/

Correct. Coinbase wallet does not support Algo. The Coinbase Wallet is only ERC-20 (Ethereum) coins/tokens. Coinbase has a hard on for ERC-20. If you are looking for ways to make the step to self custody and how to safely do it, lots of folks are here to help. Just don't respond to any DMs.

Commented by /u/GhostOfMcAfee in /r/algorand on October 17, 2022 02:59:46
/r/facepalm/comments/y5uyga/this_cant_be_real/isn9n35/

Anybody who has read the works of Marcus Aurelias knows this.

Commented by /u/GhostOfMcAfee in /r/facepalm on October 17, 2022 02:47:13
/r/algorand/comments/y5xanr/thanks_kindly_stranger/ismwm18/

You are fine. As long as you never expose your Ledger keys to the internet by typing them in somewhere, you are good. Anybody can send you a low cost transaction, it doesn't mean you are succeptable to anything. If you don't click links and then enter transactions, you can't be dusted on Algo. However, I will say that I got a link in a transaction that preceded this warning. It seems to be a troll/fun post. It is making fun of ADA. I remember something approximating it on r/cc a bit ago. It's actually a funny read. Don't click on the link If you don't want to. If you want a laugh, just search "Hail hydra" in the CC sub. You'll find it straight away.

Commented by /u/GhostOfMcAfee in /r/algorand on October 17, 2022 00:14:18
/r/AlgorandOfficial/comments/y5uy6q/can_someone_here_recommend_a_dex_for_buying_algo/ism6x5m/

To my knowledge, there are no DEX's that support BEP-20 to Algo swaps directly. You could try to bridge assets then swap. My recommendation would be to check out Wormhole as a possible solution. Just be mindful of fees and slippage for whatever asset you end up bridging.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 16, 2022 20:46:03
/r/algorand/comments/y4no8r/what_is_the_potential_max_benefit_to/isfue98/

There isn't really a good way to tell right now. We need to know the total amount of Algos broken out between vanilla and DeFi governance. And, depending on that number, the benefit could change a lot. For simplicity, lets say there are 4B Algos committed in total and 1B are in DeFi. We don't know the real number, but its way less than 1B since that would exceed our total $ in TVL. So, that means 70,500,000-7,000,000= 63,500,000 split amongst all 4B governors (DeFi+Vanilla) for an APR of 6.35%. Now, the 1B DeFi govs get to split, on top of that 7M algos across 1B govs. That works out to an APR of 2.8% above vanilla governance (total APR for DeFi of 9.15% But, imagine if there are closer to only 500M algos in DeFi governance. This actually seems like a more reasonable number since a lot of TVL comes from stable coins and other ASAs. The original calculation stays the same. But, now its only 500M algos sharing a 7M reward. That's a DeFi bonus of 5.6% for a total APR of 11.95%.

Commented by /u/GhostOfMcAfee in /r/algorand on October 15, 2022 13:37:13
/r/CryptoCurrency/comments/y4by3x/my_mom_just_got_scammed_for_10k_help_needed/iseu9q2/

We will see. Authorities won’t bring a criminal case because they were married. But, it should all shakeout in divorce proceedings.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 15, 2022 09:05:44
/r/CryptoCurrency/comments/y4by3x/my_mom_just_got_scammed_for_10k_help_needed/isdqiil/

No problem. It's going to be dizzying to work with at first. Don't go chasing every transaction blindly or you will end up with a big tangled mess of spaghetti. But, it's a valuable tool. I used it to help a buddy track down a very large sum of ETH. His cheating wife stole it.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 15, 2022 00:37:57
/r/CryptoCurrency/comments/y4by3x/my_mom_just_got_scammed_for_10k_help_needed/isdpqhu/

You can to map out where this scammer sent funds and hope it touched an exchange with KYC. I used Breadcrumps and found some potential help. Scammer seems to have consolidated funds from the "Scammers Wallet" into two wallets: 3QiMwvL6MBx4BbqU4MYi3Z2C43yhnYDPhT and bc1qqnqad2n626x9ewl58z5jq3ugra34z09hcxce3a.Both the 3Qi and the bc1 wallet also interact back and forth. The 3Qi wallet has sent funds to several other wallets, but one of those is wallet 12GMjQYnXizWQ4Kto1LxPrVCqgfzuJC3SV in transaction # bc1qqnqad2n626x9ewl58z5jq3ugra34z09hcxce3a. This is a Binance wallet. This same Binance wallet also received funding from wallet 3PUv9tQMSDCEPSMsYSopA5wDW86pwRFbNF in transaction # 0788a8bc2626daa65c79eb50c23fb886fefa811d3a3d3d5ef467cf77e07b75e7. Coincidentally, this 3PU wallet address has also funded the Scammer's wallet in transactions 647133d222fdc02bbc17607c379a3b93f73e53b115bf46d2c963355e7f7f9d29 and 03a975978e73d3e8ca543d5c7c85d339f11d764316fc961e04a00285be4fc0c8. This suggests the scammer controls the 3PU address and used it to fund the "Scammers Wallet". The 3PU address has dozens of inflows from exchanges, including Gemini and Bittrex. Bottom line, if you want ANY hope of recovering, you should fool around with the [Breadcrumbs App](https://www.breadcrumbs.app). You are going to need to tinker around with it and get familiar on how to expand and hide transactions. Build a very good profile and then synthesize/distill that info into a report to give police that clearly lays out the meaningful connections. Local police don't have the time/resources/knowledge do to this, so you are going to have to spoon feed them and tell them EXACTLY which exchanges to contact and regarding which transactions.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 15, 2022 00:29:39
/r/algorand/comments/y45ys8/is_the_7_million_algo_defi_algo_rewards_in/iscc46l/

“At the end of the governance period, all governance wallets (both DeFi and not) will share 63.5M ALGO rewards, distributed proportionally to their ALGO commitment as usual. The remaining 7M ALGOs are distributed only among the governance wallets on the DeFi lists, proportional to their ALGO commitment. All rewards will be distributed directly to the governors’ wallets.” https://governance.algorand.foundation/governance-period-4/period-4-voting-session-1

Commented by /u/GhostOfMcAfee in /r/algorand on October 14, 2022 17:39:52
/r/AlgorandOfficial/comments/y3zfs6/how_do_i_transfer_a_nft_to_my_elf_from_governance/isbekb1/

Nothing for period 2 as they closed those down. If you were eligible in period 3, go get it from Pera’s governance page. Just Google “Pera Algorand governance NFTs” and it should pop up. Deliberately not dropping a link here since it’s bad practice to follow links to sites that will have you connect a wallet.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 14, 2022 13:54:34
/r/AlgorandOfficial/comments/y3zfs6/how_do_i_transfer_a_nft_to_my_elf_from_governance/isbc1ne/

If you are talking about the Pera governance NFTs, then I believe it’s too late to get the period 2 NFTs. https://blog.perawallet.app/algorand-governance-nfts-by-pera-end-of-period-3-8ea4b42b06

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 14, 2022 13:37:50
/r/algorand/comments/y3dnpy/algorand_holder_totals/isaz9di/

I would put “whale” status at closer to 1M, maybe more. I always think of a whale as being someone who has enough to meaningfully push a market based on their buys/sells. 100k would not move the needle all that much, at least on the larger exchanges.

Commented by /u/GhostOfMcAfee in /r/algorand on October 14, 2022 12:11:32
/r/AlgorandOfficial/comments/y3g0fi/volatility_and_its_impact_on_option_prices/is9bghw/

what is your price oracle for determining whether options expire in the money?

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 14, 2022 02:29:19
/r/algorand/comments/y3in48/community_algo_foundation_and_cbdcs/is9a8kq/

Honest answer is because if Algo was chosen as the settlement layer for a CBDC, we would all make out like bandits. Realistically though, after reading the FED paper on CBDCs and what they ideally want, I don't think they have a clue in their brains on how to actually make it work. They want a crypto CBDC with none of the actual elements of crypto. They are sticking to the old rules of finance. By the time they discern their ass from a hole in the ground, stable coins of good quality will have made them somewhat irrelevant.

Commented by /u/GhostOfMcAfee in /r/algorand on October 14, 2022 02:13:45
/r/facepalm/comments/y3ig0z/dont_line_up_all_at_once_ladies/is98rzc/

wassaaaaauggghhhffrppp

Commented by /u/GhostOfMcAfee in /r/facepalm on October 14, 2022 01:55:45
/r/facepalm/comments/y3ig0z/dont_line_up_all_at_once_ladies/is984y8/

Dude is too drunk to register any emotion. He's in a stadium, puking all over himself in gory fashion, hoping nobody notices, so he can sit in his own vomit and be inconspicuous. These are not the actions of a functioning person capable of shame. This moment was brought to you by Budweiser.

Commented by /u/GhostOfMcAfee in /r/facepalm on October 14, 2022 01:48:08
/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/is97009/

if you happen to hold Algo, there is actually a way to run a node for free on an Oracle cloud. Given its low computational load, it fits within the free parameters of Oracle cloud's free program. Link: https://d13.co/set-up-algorand-participation-node-on-oracle-cloud-free/

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 14, 2022 01:34:53
/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/is8wvyc/

I understand it is very, very, very hard to do. But, we don't hit an upper bound of keeping q bits stable, the technology will be feasible. By that time, we will have most moved on to tech that is more secure, but Satoshi's wallet, assuming he is dead, will reside on the old system.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 13, 2022 23:48:28
/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/is8uwws/

Crypto is full of "post now, think later" stuff.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 13, 2022 23:30:24
/r/algorand/comments/y3bolp/you_lot_remember_when_algorand_went_to_3_and_we/is8rrju/

Nobody is perfect. I'm generally happy to eat crow and admit when I made a mistake. It means I actually gained knowledge and can learn from whatever my blind spot was. People are way too apprehensive about being wrong, even on dumb shit, when really it just means you got smarter.

Commented by /u/GhostOfMcAfee in /r/algorand on October 13, 2022 23:03:45
/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/is8q6ba/

just wait until quantum computers crack Satoshi's wallet. Gonna be wild.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 13, 2022 22:50:47
/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/is8pvp9/

IKR? as though other chains with high TVL have no VC money in DeFi.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 13, 2022 22:48:36
/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/is8phsl/

> Micali actually stepped down and is moving away from the project Wrong. Please post your source for this. I would love to see it. He is still actively involved and I can't even begin to fathom someone making up such nonsense. ​ >Its a pretty small chain I mean, it's not tiny. It's was just behind Monero last I checked in terms of MCap. And, has been busting ass in TVL, as the post mentions. Regardless, I'm more concerned about fundamentals. ​ >so there really is no proof of that their concept can scale to the level of Ethereum Except that the chain is regularly tested to prove it can reliably achieve it's max TPS without failure. With recent upgrades, that is main net regularly being stress tested at 6k+ TPS testing without fail. ​ Buy bags or not. I don't care all that much. I bought because I believed it would be a chain that gained value from institutional adoption for real world solutions. I think it's good. Lots of other people think their particular bags are better. It is what it is.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 13, 2022 22:45:30
/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/is8njm3/

The bad tokenomics argument held a good bit of weight before accelerated vesting was finalized. Now, not so much. At this point, coins are the only new coins that will be added to circulating supply are through governance (e.g. proportionally to existing holders who are participating in the ecosystem), developer grants, and to fund operations of the developing team.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 13, 2022 22:30:29
/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/is8m3ep/

The answer is complicated but largely depends on their consensus mechanism, block size, and root language. The type of a consensus mechanism might be faster simply because it is a better and more elegant way of achieving the desired result. Or, it may be faster but sacrifice finality (SOL is super "fast", but it actually isn't instantly final). Or, maybe it's technically higher throughput, but does so by taking an inefficient mechanism and just increasing block size (e.g. Bitcoin vs Bitcoin Cash). Also, the language it is written in can effect efficiency. As far as the second question, yes, Algo can do that group multiple transactions. Its atomic transfers. links: https://www.algorand.com/resources/blog/algorand-building-scalable-sustainable-blockchain-ecosystem https://developer.algorand.org/articles/algorand-boosts-performance-5x-in-latest-upgrade/ https://developer.algorand.org/articles/algorand-atomic-transfers/

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 13, 2022 22:19:24
/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/is8ivqm/

Doesn't Solana count it (Marinade, Lido, etc)? As well as all DPoS chains?

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 13, 2022 21:54:48
/r/algorand/comments/y3bj3b/why_do_i_keep_receiving_extremely_small_amounts/is8gj0b/

Don't take it personally. People are just prickly. The sub was dominated by post after post after post asking the same thing for a couple days. For the regulars, it's frustrating. But, not everyone is a regular.

Commented by /u/GhostOfMcAfee in /r/algorand on October 13, 2022 21:37:08
/r/algorand/comments/y3bolp/you_lot_remember_when_algorand_went_to_3_and_we/is8e31u/

It all depends on which exchange you were looking at. It was right after Algo had been going up hard for a couple days and before AV got pushed out. There was not a lot of sell pressure because of the momentum. Then, the new listing exchange listing (in the midst of a crazy climb) caused a violent spike. The, the thinner the liquidity on the exchange, the crazier the price was. Anybody with preexisting super high priced sell orders on MEXC at the time got insanely lucky. Highest price on MEXC during that brief period was actually $3.71.

Commented by /u/GhostOfMcAfee in /r/algorand on October 13, 2022 21:18:48
/r/algorandcasino/comments/y3f4nt/idea_attract_more_users_by_integrating_coinbase/is8c4c1/

That would be problematic because of Coinbase is US based and the US has somewhat complicated regulations on gambling.

Commented by /u/GhostOfMcAfee in /r/algorandcasino on October 13, 2022 21:04:02
/r/algorand/comments/y3bolp/you_lot_remember_when_algorand_went_to_3_and_we/is83s8s/

I remember being away from my ledger but happening to see it. All I could do is just sit there, staring at the majesty of that god candle. Then, within a couple minutes . . . poof.

Commented by /u/GhostOfMcAfee in /r/algorand on October 13, 2022 20:01:02
/r/algorand/comments/y3dnpy/algorand_holder_totals/is82n2u/

[https://algoexplorer.io/top-statistics](https://algoexplorer.io/top-statistics) https://messari.io/asset/algorand/metrics/addresses

Commented by /u/GhostOfMcAfee in /r/algorand on October 13, 2022 19:52:01
/r/algorand/comments/y39tl8/algorand_rises_to_rank_15_on_defillama/is7nvph/

Actually, I’m the time you posted, we’ve jumped to 14! I think we have Hivemind to thank for that. They dropped 80M more Algos into Defi/liquid governance. https://twitter.com/hivemindcap/status/1580669919363932162?s=46&t=jW_p_ynWab4r0vE1AnyPgQ

Commented by /u/GhostOfMcAfee in /r/algorand on October 13, 2022 18:02:51
/r/algorand/comments/y362s6/are_algofis_estimated_governance_rewards_accurate/is7efmd/

As an aside, do you know anywhere that tracks how much is committed through Defi vs vanilla governance? I’m interested in seeing roughly what the actual APR would work out to.

Commented by /u/GhostOfMcAfee in /r/algorand on October 13, 2022 16:59:56
/r/algorand/comments/y362s6/are_algofis_estimated_governance_rewards_accurate/is7dduv/

u/1lobo made me think harder about the percents. I was doing some shit math. Seems like defi governance could actually be quite a bit more juicy

Commented by /u/GhostOfMcAfee in /r/algorand on October 13, 2022 16:53:11
/r/algorand/comments/y362s6/are_algofis_estimated_governance_rewards_accurate/is7cph4/

You might be right. Algoexplorer is showing the same 8.04% number. That number is based on the total 70.5 M Algo to be distributed (which is inclusive of what is going to Defi). But, what I didn’t account for is that Defi might be a much much smaller portion of governance, so the additional 7M, when spread over Defi, could result in significant additional amount.

Commented by /u/GhostOfMcAfee in /r/algorand on October 13, 2022 16:48:55
/r/algorand/comments/y362s6/are_algofis_estimated_governance_rewards_accurate/is6zyro/

Oh yeah. I’m sure it will keep getting less and less in terms of rewards. More Algo injected via rewards means more Algo available to stake. And now, with Defi participation, even more can be pledged. Basically the only people not participating are those who are completely checked out.

Commented by /u/GhostOfMcAfee in /r/algorand on October 13, 2022 15:27:56
/r/algorand/comments/y362s6/are_algofis_estimated_governance_rewards_accurate/is6slh1/

APR on there includes the 7M. I’m not sure why you would say Governance is look less attractive. Unless you are thinking you can beat those rewards by swing trading. If your HODLing, there’s no real reason not to pick up the rewards from governance.

Commented by /u/GhostOfMcAfee in /r/algorand on October 13, 2022 14:40:30
/r/algorand/comments/y310cm/ftx_buys_30_of_scaramuccis_firm_then_adds_algo/is5xlid/

SBF’s involvement is definitely a big deal. He pumped a ton into promoting Solana and development on it, so him taking an interest in Algorand certainly could be a great catalyst for pushing it forward. Still not expecting a big bull run while the macro environment looks like garbage. But, long term, it’s a good sign.

Commented by /u/GhostOfMcAfee in /r/algorand on October 13, 2022 11:18:07
/r/AlgorandOfficial/comments/y1cp7y/over_15000_people_have_signed_up_to_protect_their/irz2d5i/

Definitely going to require a lot of outside verification and audits. The concept is hard to wrap your head around without a superficial understanding of what ZK proofs are. And, the idea, even if superficially understood, seems too good to be true. It's the nature of the space. People who are crypto savvy have had it beat into their head (for good reason) to never ever ever put themselves in a position to have their keys compromised. So, the idea of wallet service that can recover your keys while promising neither they nor anyone else can actually see the keys sounds too good to be true. It will take a LOT of outside verification to establish trust among those in the space who have steel engraved wallets sitting in safes using Ledgers for everything. Ultimately though, I think the big space where this has uptake is those who are not as savvy, especially if ultimately crypto starts having more real world use cases. People won't want to have a seed phrase and Ledger to buy NFT concert tickets. If it is provably safe, it could be great and used quite a bit for more everyday stuff. But, it will have a high burden of proof to convince a lot of people that it is provably safe.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 11, 2022 22:32:24
/r/AlgorandOfficial/comments/y1cp7y/over_15000_people_have_signed_up_to_protect_their/iryd51y/

No. The “black box wallet” in this scenario doesn’t unlock or control your “main wallet”. It’s a separate stand alone wallet. You could use it however you want. It is just that if for some reason you lost/forgot your keys to that wallet, you would still be able to access it because of the decentralized ID system is able to verify that you are who you say you are using a zero knowledge proof. If it works, it seems like an neat solution. Obviously I would wait to put any real Algo into such a wallet until the code is dropped and several audits are done (even then, I’ll probably always use Ledger). But, this is all just beta testing on test net. So it’s a new wallet using only “fake” test net Algo. I’m just doing the beta testing to hopefully help them succeed. A true trustless wallet solution running in Algo but servicing multiple chains would be a huge win.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 11, 2022 19:16:53
/r/AlgorandOfficial/comments/y1cp7y/over_15000_people_have_signed_up_to_protect_their/irxl2o8/

The service doesn’t involve sending your keys to anyone. It is meant to essentially create a new wallet and keep the keys in a black box that no third party, not even Vendible, can see. They then use zero knowledge proofs to verify identity and authorize transactions without actually needing to see your keys. For people who are just fine storing keys on steel and carrying a Ledger, this trustless wallet service probably isn’t appealing. But, where it has utility is for more main stream folks who aren’t as savvy. It’s practically a meme to ask “yeah but you think you can teach grandma how to use a cold wallet?” That’s why I’m going to beta test it on test net. If it works well then we all stand to benefit.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 11, 2022 16:00:25
/r/CryptoCurrency/comments/y10vw1/couple_mistakenly_given_105m_from_cryptocom/irxigpx/

Yes. It does. Almost all judgments are dischargeable. There are exceptions for things like fraud, criminal restitution, government fines/penalties, etc. But, the list of these exclusions pretty limited.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 11, 2022 15:44:04
/r/algorand/comments/xzd6qu/just_trying_to_make_sean_ford_wear_the_hat_as/irn9gox/

Meh. I’m glad they switched focus to prioritize on quantum keys, contract to contract calls, and state proofs. Those unlock more functionality. We won’t need 46k TPS for while.

Commented by /u/GhostOfMcAfee in /r/algorand on October 9, 2022 11:46:26
/r/algorand/comments/xzd6qu/just_trying_to_make_sean_ford_wear_the_hat_as/irloch5/

For the click shy, One year ago, I made a silly Algorand top hat for governance. Afterwards, Sean Ford promised to wear my silly top hat at Decipher. I just want to make this happen. That's all.

Commented by /u/GhostOfMcAfee in /r/algorand on October 9, 2022 01:29:31
/r/yieldly/comments/xycsnm/the_old_whale_chart_with_included_prices/irhtt75/

Bruh, why you got to tag me here. Lol. This really hurt me bad. After yEsports it was all a bumpy downhill road. I sure wonder if those folks on Polygon know what they are in for.

Commented by /u/GhostOfMcAfee in /r/yieldly on October 8, 2022 03:39:42
/r/algorand/comments/xy4sm2/site_that_tracks_farming_opportunities_across/irgibmd/

He put in a ton of work. Algotables is one of the most under the radar resources out there.

Commented by /u/GhostOfMcAfee in /r/algorand on October 7, 2022 18:55:34
/r/algorand/comments/xy4sm2/site_that_tracks_farming_opportunities_across/irfqa0i/

I think they might just be mixed in there but I can’t say for sure. I can see that it has Yieldly farms, so it might have other farms in their but just not called out clearly. Maybe Jeff will chime in with an answer since I tagged him.

Commented by /u/GhostOfMcAfee in /r/algorand on October 7, 2022 15:09:48
/r/algorand/comments/xy4sm2/site_that_tracks_farming_opportunities_across/irfnj10/

https://algotables.github.io You can thank u/jeffscoolusername

Commented by /u/GhostOfMcAfee in /r/algorand on October 7, 2022 14:48:32
/r/algorand/comments/xxboy0/been_playing_with_python_and_i_want_to_start/irb996i/

First place to go is probably the developer portal if you haven’t been already. https://developer.algorand.org

Commented by /u/GhostOfMcAfee in /r/algorand on October 6, 2022 14:23:58
/r/AlgorandOfficial/comments/xx7m82/got_em_boys/irag72m/

FYI. Your post might get pulled because of language. The Official sub is a bit more reserved.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 6, 2022 11:13:57
/r/algorand/comments/xws0gu/2022_capital_loss_sale_commission_pains/ir8imiu/

bottom line, OP needs to have faith in his accountant.

Commented by /u/GhostOfMcAfee in /r/algorand on October 5, 2022 23:01:32
/r/algorand/comments/xws0gu/2022_capital_loss_sale_commission_pains/ir8i911/

Fee losses should be imparted in capital gains losses. So, he can't carry over more than 3k this year, but those fees are eventually incorporated into the loss. Whether it is a smart play or not is very much dependent on what OP does in the future. Again, it should be consulted upon before doing anything. I'm not saying you are wrong, just saying the answer at the end of the day is "it depends"

Commented by /u/GhostOfMcAfee in /r/algorand on October 5, 2022 22:58:12
/r/algorand/comments/xws0gu/2022_capital_loss_sale_commission_pains/ir8gymf/

Yes. It might not be the most advantageous, but the indefinite carryover means he could offset gains later taken out later in a manageable way. It's not a terrible idea to take large short term losses now that you expect to offset with long term gains later. Obviously OP needs to rely on a tax professional about it, but taking a massive loss now isn't an incredibly stupid idea for OP. Still it is a question for a tax pro.

Commented by /u/GhostOfMcAfee in /r/algorand on October 5, 2022 22:46:52
/r/algorand/comments/xws0gu/2022_capital_loss_sale_commission_pains/ir8ggjs/

That is my understanding of current tax code. Not saying it is the most tax advantageous however. Tax code is stupid and requires a professional to understand it fully.

Commented by /u/GhostOfMcAfee in /r/algorand on October 5, 2022 22:42:33
/r/algorand/comments/xws0gu/2022_capital_loss_sale_commission_pains/ir8deje/

It is $3k in a single year. He can carryover losses indefinitely under current tax code.

Commented by /u/GhostOfMcAfee in /r/algorand on October 5, 2022 22:16:17
/r/yieldly/comments/xu3vbt/weekly_yieldly_chat_a_place_for_questions_and/ir722em/

And what is the explanation?

Commented by /u/GhostOfMcAfee in /r/yieldly on October 5, 2022 16:18:42
/r/AlgorandOfficial/comments/xwa1n0/whats_going_on_with_yieldy/ir6kq7v/

Australia wakes up in a bit. Almost time to grab the popcorn and find out.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 5, 2022 14:29:17
/r/algorand/comments/xwcdtw/committing_some_lp_to_gov_5_i_have_some_questions/ir638n2/

Good to know. Thanks for making the video.

Commented by /u/GhostOfMcAfee in /r/algorand on October 5, 2022 12:37:32
/r/algorand/comments/xwcdtw/committing_some_lp_to_gov_5_i_have_some_questions/ir5t2zu/

That’s awesome! I guess they did something to see which smart contracts each wallet has and whether those involve any LP tokens. I can’t see how it would unstake automatically either. I guess it’s worth testing out before the sign up closes and see if it unstakes. Worst case scenario you lose a little bit of yield until you restake.

Commented by /u/GhostOfMcAfee in /r/algorand on October 5, 2022 11:31:42
/r/algorand/comments/xwcdtw/committing_some_lp_to_gov_5_i_have_some_questions/ir5py0e/

Are you SURE that when it says commit 100% that it’s not talking about just 100% of the 25% that you don’t have in a farming contract? If it actually allows you to include farmed LP tokens, then that’s dope as hell.

Commented by /u/GhostOfMcAfee in /r/algorand on October 5, 2022 11:10:52
/r/AlgorandOfficial/comments/xwa1n0/whats_going_on_with_yieldy/ir5obkj/

Seems like they’re going out with a flame thrower. They are wylin out on Twitter. There’s so much more that OP didn’t even link to.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 5, 2022 10:59:55
/r/algorand/comments/xwcdtw/committing_some_lp_to_gov_5_i_have_some_questions/ir5n3kw/

If you are farming with it, the LP tokens are not in your wallet. Instead, they are locked in a smart contract. I am pretty sure this means you can’t commit them in governance. Potentially the protocols could create a way where farmed LP tokens are pledged in governance on owners’ behalves. But, I’m not aware of anything like that currently.

Commented by /u/GhostOfMcAfee in /r/algorand on October 5, 2022 10:51:40
/r/AlgorandOfficial/comments/xvjcva/how_to_earn_interest_from_your_algo/ir4bjt1/

The only way to earn interest while maintaining 100% personal custody is to do governance without using DeFi. That means either rekeying your ledger to Pera or connecting it to MyAlgo, and then directly participating in governance that way. Any other method involves you either vaulting them in a smart contract, or minting for liquid governance, or lending them out as part of a DeFi loan, or something similar that involves a smart contract. If you don't want to mess with smart contracts, then the only way to gain yield is by participating in vanilla governance.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 5, 2022 02:21:56
/r/AlgorandOfficial/comments/xvj98k/governance_4_reward_amount/ir4b906/

Payout is on a quarterly basis. 8% APR (Annual Percentage Rate) = 2% quarterly percentage rate.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 5, 2022 02:18:08
/r/CryptoCurrency/comments/xvj8lc/prepare_the_money_printer_lads_its_time_to/ir4atb6/

It is sort of the equivalent of a sheriff in Town A telling the sheriff in Town B to stop being so tough on criminals because his policies are making criminals flee to Town A.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 5, 2022 02:12:29
/r/algorand/comments/xvue95/what_ever_happened_to_the_governor_hat/ir4a6ne/

I think most of the Hatkeepers have taken good care of her so far. Domino969, however, I don't know. He was an entertaining gremlin. f you want to keep this silly project going, I made a [website](https://governorshat.com) recently to simplify things. The prior method was too scattered. It was too scattered and difficult to rely solely on the current hatkeeper to find a new one because there was no running tally of sign ups. I still have no control over who they pick, I just now have a unified way of providing the new hatkeeper a list of those who already signed up. As I said in the beginning, this is a beach ball at a concert. It will get dropped a few times. But hopefully we can always pick it up and keep it going. I'm hoping I can make Sean Ford keep good on his promise to wear it at Decipher this year.

Commented by /u/GhostOfMcAfee in /r/algorand on October 5, 2022 02:04:25
/r/algorand/comments/xvue95/what_ever_happened_to_the_governor_hat/ir496xg/

the governor's hat lives. I've pinged the current hatkeeper. If you want to sign up, I made a website since then to make it easier. [https://governorshat.com](https://governorshat.com)

Commented by /u/GhostOfMcAfee in /r/algorand on October 5, 2022 01:51:55
/r/algorand/comments/xvue95/what_ever_happened_to_the_governor_hat/ir48xnh/

It still exists. I just got side tracked for a bit with life stuff and hadn't been good about pinging the current hatkeeper to keep things moving along. He took it from his home state to a trip in Alaska. In the interim, I had some fairly pressing family matters that took me away most of the time until recently. Thanks for the reminder. Knock! Knock! u/fifthrace Also, anybody who wants to sign up to be a hatkeeper can do it here [https://governorshat.com](https://governorshat.com).

Commented by /u/GhostOfMcAfee in /r/algorand on October 5, 2022 01:48:47
/r/algorand/comments/xvlsnc/if_you_were_to_explain_algorand_to_someone_who/ir3ap08/

Funny, in my experience, bear markets are when friends and family are most likely to be like, "hey how's crypto going? ha ha ha"

Commented by /u/GhostOfMcAfee in /r/algorand on October 4, 2022 20:39:53
/r/algorand/comments/xvv0tt/portfolio_tracker/ir3aar7/

[https://www.asastats.com](https://www.asastats.com) [https://www.algoportfolio.com](https://www.algoportfolio.com)

Commented by /u/GhostOfMcAfee in /r/algorand on October 4, 2022 20:36:53
/r/algorand/comments/xvlsnc/if_you_were_to_explain_algorand_to_someone_who/ir39hoc/

I knew it wasn't meant in a bad way. I was just saying any explanation to a complete novice is either going to concise but super vague, or be precise but but complex and long. It's part of why I don't really talk about crypt IRL unless I know the person already has some knowledge about it or they bring it up because they are interested.

Commented by /u/GhostOfMcAfee in /r/algorand on October 4, 2022 20:30:44
/r/algorand/comments/xvlsnc/if_you_were_to_explain_algorand_to_someone_who/ir368lj/

I mean, it's a piss poor explanation in that it is super vague. But, it's damn near impossible to concisely explain any L1 to someone that is unfamiliar with crypto without using a slew of jargon words that each require their own 5 minute explanation. The vast majority of people don't even understand what a "blockchain" actually is.

Commented by /u/GhostOfMcAfee in /r/algorand on October 4, 2022 20:05:32
/r/algorand/comments/xvlsnc/if_you_were_to_explain_algorand_to_someone_who/ir1ro7a/

Algorand is a means for cheaply and securely storing, transferring, and proving indisputable ownership of assets (which may or may not also represent real world assets and rights). In doing so, it functions as a robotic middleman. It can automate interactions between parties that typically require a third party in order to facilitate the interaction. This can allow transactions to settle faster and cheaper than other means. This has all kinds of applications from traditional finance, to logistics, to proving authenticity and ownership of real world assets. Additionally, decentralized applications built upon it can democratize digital services whereby users and/or providers are compensated automatically by performing certain verifiable tasks.

Commented by /u/GhostOfMcAfee in /r/algorand on October 4, 2022 14:28:16
/r/algorand/comments/xvkvvx/us_taxation_impact_on_minting_galgo/ir1ivso/

This is correct if your Algo were in the green when minting gALGO. If they were in the red, then it should be a taxable event but at a loss. It certainly makes taxes harder.

Commented by /u/GhostOfMcAfee in /r/algorand on October 4, 2022 13:32:54
/r/CryptoCurrency/comments/xvj8lc/prepare_the_money_printer_lads_its_time_to/ir1cq64/

Because it ain’t gonna happen. The UN group calling for the FED rate easing is doing so because they haven’t had the wherewithal to do similar aggressive hikes, or at least started considering them too late (granted FED was way late also, but they have a jump on others). As a result DXY is pumping. Foreign currencies are bleeding. Those foreign countries don’t like that. But they also don’t want to utilize monetary supply tools to curb their own inflation. The FED is unlikely to stop its efforts to curb inflation just because foreign countries don’t like that it is making the dollar stronger in relative terms.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 4, 2022 12:54:04
/r/CryptoCurrency/comments/xvezb9/solana_faces_criticism_over_failures_and/ir0uham/

Fair point. I wasn’t meaning to suggest it was just some tiny group deciding to push a button. I think the critics are pointing out that the fact that they can corral all these folks and roll back the chain, notwithstanding PoH, is problematic.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 4, 2022 10:57:06
/r/CryptoCurrency/comments/xvezb9/solana_faces_criticism_over_failures_and/ir0q5e5/

My understanding is the network forked, but because of something about the code, validators were stuck and could not switch to the heaviest fork. So, they restarted the network by rolling back to the last confirmed, pre-fork slot.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 4, 2022 10:27:55
/r/yieldly/comments/xu3vbt/weekly_yieldly_chat_a_place_for_questions_and/ir0fnfn/

Listings might not have sold yet. In which case they can just end the listing.

Commented by /u/GhostOfMcAfee in /r/yieldly on October 4, 2022 09:10:33
/r/yieldly/comments/xu3vbt/weekly_yieldly_chat_a_place_for_questions_and/iqzikwy/

Why would Yieldly commingle NFTs they purchased in the same wallet for donations? More importantly though, why would they purchase and sell NFTs at all while simultaneously running an NFT store? Is that not a bit of a conflict of interest?

Commented by /u/GhostOfMcAfee in /r/yieldly on October 4, 2022 02:29:28
/r/AlgorandOfficial/comments/xusjah/why_is_yieldly_getting_such_terrible_press_today/iqzbud8/

Something about that doesn't add up. Why would Yieldly have a boatload of NFTs that aren't donations. Were they buying/selling NFTs? If so, why are they buying and selling NFTs while running an NFT sales platform? That brings up some conflict of interest issues similar to OpenSea. Moreover, and in addition to that, why in the world would they intermingle donation NFTs in the same wallet with ones they bought so that such a mistake could happen. This very much feels like a "hand in the cookie jar" moment.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 4, 2022 01:07:00
/r/AlgorandOfficial/comments/xv49lo/why_is_algorand_defi_hemorrhaging_today/iqz7as1/

Biggest drops are AlgoFi and Folks. For AlgoFi, it's probably people removing from the V1 fault in prep for governance in V2. For Folks, it's probably people burning the gAlgo and withdrawing. People also might be considering whether they want to continue committing in liquid governance, or perhaps allocate some to governance via LPs.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 4, 2022 00:19:07
/r/algorand/comments/xv1whk/securely_clear_phone_accounts/iqyyv6b/

Consider doing a factory reset, then using a data wiping tool. A factory reset technically only erases the data, it does not make it completely unrecoverable. If someone is very very adept, and knew what they are looking for, they could technically retrieve data. Even then, they would not only have to be adept enough to recover the data, but also be able to somehow break the encryption of the wallets to be able to see the passwords and/or seeds. That is highly unlikely, but if you want to be extra cautions, use a data wiping tool to write/erase over the data multiple times. A bit of google searching should bring up some options.

Commented by /u/GhostOfMcAfee in /r/algorand on October 3, 2022 23:02:15
/r/algorand/comments/xutlul/is_there_a_single_algo_project_worth_investing_in/iqyk5hs/

I'll not endorse that you buy any particular token below without doing your own due diligence. There are some that I think fit these criteria that I still won't invest in for one reason or another. But, at least in my mind the concepts are solid and it actually potential for intrinsic value aside from speculation. Lofty - Not a token, but rather is essentially NFTs representing fractional ownership of rents from real properties. Unsexy, but it's a steady source of actual value. OPUL - I know you mentioned them, and yeah the prices have tanked especially from ATH. They hyped way too hard and too early without having a solid enough product rollout and with way too much left to inject later through distributions. In other words, they were overvalued climbed to a preposterous FDMC which they have since plummeted from. But, they have an concept that can generate actual future revenue streams through song royalties. I don't hold any because I don't like their CEO's attitude, they boggled the launch, and I would like to see what their royalty streams from the first batch of MFTs look like before reconsidering anything. goMINT - Has the potential to be a revenue generator based on mint fees from treasury. However, I'm not sure the bridge is used enough for there to be enough generated in fees compared to market cap. DeFly - Has a use in that it is utilized on the DeFly app to execute trades at the most favorable amount across multiple exchanges. CHIPs - The project is supposed to split some of the treasury from casino wins with stakers. Whether that's a profitable venture or not, of course, depends on how often people use the casino games. Then there are a variety of projects without tokens already launched. All the DEXes (e.g. Tinyman, Algofi, Humble, etc.) would have intrinsic value to the extent there is a distribution from the treasury. If they don't have that or some other meaningful rights, then the value proposition goes down. Of course, the value also would depends on whether the fees generated compared to market cap (e.g. would I invest in a company of X market cap if they only made Y in revenue each year?). AlgoDEX is out and has a token, but I honestly don't know if they already do have a treasury sharing feature or if they plan to eventually. There's also a new project planning to test on beta net called Vendible. They are claiming to have a way to be a trustless wallet where you don't need to remember seed phrases, but you also don't need to expose your seeds to them or anyone else. The plan relies on ZK proofs and decentralized identifiers. Executes on Algorand , but is supposed to also have compatibility with BTC, ETH, SOL, and MATIC). They have not put out the token yet, but using their system requires use of the token, so, if people want the security and convenience of the system, they would need to buy it to unlock that functionality. I'm planning to help beta test it though and will wait to see their open code drop and audits before I make a decision. Another developing project that I would put into this category is Wayru. Basically trying to develop something like Helium, but using Algorand. I probably could think of several others, but, at least from the examples I have given you should at least have an understanding of what I and the commenter above were getting at. None of this is to say the above projects won't fail. But the point is that there should be a REASON why another person would want to buy the token or get into the project aside from rank speculation. If all there is is speculation, and no other means of providing intrinsic value, then that's all it will ever be, a speculative bet.

Commented by /u/GhostOfMcAfee in /r/algorand on October 3, 2022 21:09:40
/r/AlgorandOfficial/comments/xuqbxh/yieldly_appear_to_be_liquidating_nfts_for_profit/iqxtkgo/

That could be. Still, it’s a brazen thing to do. If they had those problems either just return the NFTs or at the very least ask the creators if it’s okay to sell them.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 3, 2022 17:48:10
/r/algorand/comments/xutlul/is_there_a_single_algo_project_worth_investing_in/iqxezrb/

I think they commenter means what is the token expected to provide in terms of utility? That is, what is its expected value proposition besides speculation as to future token price? If there is no reason to hold it besides speculation, then indeed “why would anyone hold the token?”

Commented by /u/GhostOfMcAfee in /r/algorand on October 3, 2022 16:11:43
/r/CryptoCurrency/comments/xuouge/if_cryptocurrencies_had_brutally_honest_slogans/iqxdm93/

LUNA - “To the moon . . . and then back.”

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on October 3, 2022 16:02:55
/r/AlgorandOfficial/comments/xusjah/why_is_yieldly_getting_such_terrible_press_today/iqxbeab/

And in doing so, they angered artists that otherwise had no connection at all to Yieldly.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 3, 2022 15:48:51
/r/AlgorandOfficial/comments/xuqbxh/yieldly_appear_to_be_liquidating_nfts_for_profit/iqwyvc1/

Oof. Even if they didn’t think they would have as much interest as other projects and so opted not to raffle them, the right answer would be to return them so the artist can sell it.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on October 3, 2022 14:29:42
/r/algorand/comments/xtsb9z/how_is_everybody_so_mad_at_algodots/iqup1d7/

see my comment below. Chatted with the "Outrageous" guy. He admitted it is him and his brother who bought a ton of the the tokens super early and are now purposefully trying to pump it to get it to appear on Vestige's top gainers list so it pumps more. I have the screen caps to back it up.

Commented by /u/GhostOfMcAfee in /r/algorand on October 3, 2022 01:58:31
/r/algorand/comments/xtsb9z/how_is_everybody_so_mad_at_algodots/iqumeot/

I just had what I will characterize as a very interesting chat with OP asking him about the largest bag holders and their interconnected relationships. His response, and I quote: "Yes me and my brother are trying to pump to the coin to get it on Vestige top gainers. Vestige has a higher requirement for TVL than tinychart and trying to bring it to the 25000 ALGO requirement." So, maybe it isn't the creator self-pumping (I stopped my renewed investigation after the quote above). But it is at the least two very early folks who own a huge stake pushing it aggressively. Oh, and u/Outrageous_Sir_6289, I have the screen caps. Don't try deleting messages like you did earlier as it won't work. If you dispute the quote above, I will gladly dump all of my screen caps for everyone to see (as I invited you to do towards the end of our conversation).

Commented by /u/GhostOfMcAfee in /r/algorand on October 3, 2022 01:26:09
/r/algorand/comments/xtsb9z/how_is_everybody_so_mad_at_algodots/iqu2oth/

Apparently breadcrumbs does not. Renewed my Miro subscription. I’m finally going to turn back to looking at this in more depth.

Commented by /u/GhostOfMcAfee in /r/algorand on October 2, 2022 22:19:44
/r/algorand/comments/xtsb9z/how_is_everybody_so_mad_at_algodots/iqtq8n6/

Made a mistake not noticing the contract call, but notwithstanding it was still sketchy in my book that the top two accounts had common funding. Either OP or the outrageous guy said this was all a simple misunderstanding and said something along the lines that he gave his brother a ton of algos to buy a ton of Algodots NFTs and tokens. Maybe it’s innocent, but I don’t think so. I forgot about this all until today.

Commented by /u/GhostOfMcAfee in /r/algorand on October 2, 2022 20:43:21
/r/algorand/comments/xsmdy1/why_would_users_still_stick_to_solana_with_its/iqq4b2x/

Perfection isn't the issue. Uptime is table stakes.

Commented by /u/GhostOfMcAfee in /r/algorand on October 2, 2022 03:59:37
/r/algorand/comments/xt1q82/help_for_becoming_a_governor/iqnkzdj/

Yes. You can use either S or X with MyAlgo. It is just that you can only really use an X on Pera because it pairs via bluetooth. If security is your concern regarding using a mobile app, you should know that the mobile app does not store your keys if you are using a ledger. All transactions get signed on the ledger.

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 14:36:56
/r/algorand/comments/xt1q82/help_for_becoming_a_governor/iqng20a/

If you are using a Ledger Nano X, you can pair it to Pera wallet (a mobile phone app). If you don't have a Nano X, then you will have to pair it through MyAlgo (a web wallet). Instructions for pairing a ledger with Pera are pretty self explanatory within the app. Instructions for pairing with MyAlgo can be found here: https://wallet.myalgo.com/ledger-instructions

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 14:01:45
/r/algorand/comments/xsmbih/should_block0x26_do_the_presale_on_algodex/iqn5wge/

We will see. Just don’t say you weren’t warned if this thing rugs.

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 12:51:24
/r/algorand/comments/xsmbih/should_block0x26_do_the_presale_on_algodex/iqn4eho/

I’m going on more than age of the account. Like I said, there is the lack of a doxxed team. A dearth of any other real presence about the team or project online. A website that does little more than aggressively say “buy my token”. A white paper that is mostly nonsense unrelated to the concept of the project (i.e. the “baffle them with bullshit” tactic). A concept that, once deciphered, makes little practical sense. A token that really has no use case. I don’t care if it has gone up. That’s literally how any launch goes unless the launch is just the creator selling off like an idiot into his own LP. The real question is whether this is a legit and viable project. And there are a ton of red flags here suggesting it is not. This has Anirand v2 written all over it.

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 12:41:01
/r/algorand/comments/xsmbih/should_block0x26_do_the_presale_on_algodex/iqn08n1/

Good luck investing in a project whose only presence involves an undoxxed team, a two day old Reddit account, and a website that offers little in the way of answers beyond how to buy the token. This thing has red flags all over the place.

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 12:11:30
/r/algorand/comments/xs441q/block0x26_are_here/iqlthix/

NO. \*Smacks you with a rolled up newspaper.\* I have receipts for why this is a potentially bad scam.Don't, just don't

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 05:22:49
/r/algorand/comments/xs764h/block0x26_whitepaper/iqlt1er/

only a few days ago the account for this project was groveling in a "get karma" thread. This is a terrible scam. Everyone should just boo them for both bad behavior and lack of execution.

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 05:16:05
/r/algorandASA/comments/xrz82j/block0x26_presale_starts_tomorrow/iqlsj3c/

scam. don't buy. They were farming Karma only days ago. If you buy this it is your own fault.

Commented by /u/GhostOfMcAfee in /r/algorandASA on October 1, 2022 05:08:20
/r/algorandASA/comments/xrz82j/block0x26_presale_starts_tomorrow/iqlrjv9/

this is a scam. they literally posted only a couple days ago in a "get karma" thread just so they could here and elsewhere in the algorand community. Don't give a single algo to them.

Commented by /u/GhostOfMcAfee in /r/algorandASA on October 1, 2022 04:53:36
/r/algorand/comments/xsmbih/should_block0x26_do_the_presale_on_algodex/iqlqtc4/

Hey, is this you? Two days ago posting a "get karma" thread so you could have enough to post in this sub? Receipts are a bitch, huh? Get fuckt scammer. https://www.reddit.com/r/GetKarma\_Here/comments/jeyoft/welcome\_to\_rgetkarma\_here

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 04:42:33
/r/algorandASA/comments/xrz82j/block0x26_presale_starts_tomorrow/iqlqk04/

don't. https://www.reddit.com/r/algorand/comments/xsmbih/should\_block0x26\_do\_the\_presale\_on\_algodex

Commented by /u/GhostOfMcAfee in /r/algorandASA on October 1, 2022 04:38:48
/r/algorand/comments/xsmbih/should_block0x26_do_the_presale_on_algodex/iqlqcyn/

give me the name of one CPA at your firm. If you cannot give me one licensed and fully verified professional subject to US jurisdiction in case they are involved in a fraudulent company, then I doubt everything about your program. You cannot unleash a multinational blockchain accounting tech without accountants in every jurisdiction as well as lawyers who are familiar with the laws and practices in those countries. Maybe I should be charitable and consider you as simply misguided, but NOBODY and I mean absolutely NOBODY should buy whatever is it you are selling at this point.

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 04:35:49
/r/algorand/comments/xsmbih/should_block0x26_do_the_presale_on_algodex/iqlpp6a/

beyond the issue of just how scammy this whole thing is (where you push the token aggressively, respond with mealy mouthed answers, and barely stop short of responding to my question with emojis of rocket ships and money bags), I am responding also point out how bad it is as an idea. 99.9999999999% of companies do not want their accounting to be open and public in real time on a blockchain. They simply don't. And, even if they did, blockchain would not be a good solution for anything related to it. You must, as a matter of good GAAP standards be able to restate things. Either the chain would prevent it (as you suggest, which is inaccurate BTW) or you could not be GAAP compliant. Everything about this is a train wreck.

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 04:26:16
/r/algorand/comments/xsmbih/should_block0x26_do_the_presale_on_algodex/iqlo88k/

cool links bro. This is garbage.

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 04:04:25
/r/algorand/comments/xsmdy1/why_would_users_still_stick_to_solana_with_its/iqlo3k5/

It is a joke. It is what every SOL person says when you mention their downtime, notwithstanding the fact that a business that large should not be able to paper over those defects by pointing to "beta". Be good or don't.

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 04:02:36
/r/algorand/comments/xsmbih/should_block0x26_do_the_presale_on_algodex/iqlnrvy/

this is dumb and looks sketch. your white paper is the last thing mentioned behind a wall of adverts about the token. I skimmed the white paper and am still left boggled. Tell me in simple terms, what do you do? What problem do you solve?

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 03:57:58
/r/algorand/comments/xsmbih/should_block0x26_do_the_presale_on_algodex/iqln95q/

What is block0x26? What does the project do? Who are the devs? Do they have relevant experience? What problem does it solve? What is the purpose one the token? Why are you doing an IDO? These are all good questions that should be answered before anyone answers the one you posed.

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 03:50:25
/r/algorand/comments/xsh2y7/almost_infinite_money_glitch/iqllzi0/

Nothing that seems too good is as good as it seems. Either this fails from economics of supply and demand, or economics eventually catches up with it in a more dramatic fashion. There is no infinite money glitch. You can't print money without repercussion.

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 03:32:18
/r/algorand/comments/xsmdy1/why_would_users_still_stick_to_solana_with_its/iqlj6cl/

BeCaUsE iT iS sTiLl In BeTa!!!!!111

Commented by /u/GhostOfMcAfee in /r/algorand on October 1, 2022 02:52:44
/r/AlgorandOfficial/comments/xr2mse/wrapper_eth_is_available_on_algorand_via_the/iqcn7kp/

There are not a lot of reasons to buy wrapped ETH on Algorand right now unless you are swing trading. It

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 29, 2022 06:41:43
/r/algorand/comments/xr1251/circle_cross_chain_protocol/iqclxiv/

correct. It is not a trustless bridge

Commented by /u/GhostOfMcAfee in /r/algorand on September 29, 2022 06:25:12
/r/algorand/comments/xqy4xu/happy_nodling/iqckx9a/

I had the same initial thought, but hoped for a more elegant solution that is more user friendly and that either wouldn’t require a ton of online/offline transactions or would at least automate them to an extent. I just had the thought while setting up my new rig. I installed it in my center, using the hdmi from my now unused ps4 (I consciously stopped gaming a couple years ago) and thought, everyone has these, they sit idle a lot of times, and they might be a huge untapped resource. No idea if it’s feasible. It was just an idea.

Commented by /u/GhostOfMcAfee in /r/algorand on September 29, 2022 06:11:42
/r/algorand/comments/xqovux/getting_screwed_by_an_algo_contract/iqbysjy/

you can delete all smart contracts via this link, but, be prepared that it force deletes all contracts, so transfer everything beforehand that you have on legitimate protocols. Only after taking off legit stuff should you wipe it... [https://www.algodoggo.com/tools/scclose](https://www.algodoggo.com/tools/scclose) Be safe brother. Sorry you got got. If interested, I post a lot about avoiding scams. I will gladly link to them, but I unfortunately feel like you may have learned those lessons the hard way

Commented by /u/GhostOfMcAfee in /r/algorand on September 29, 2022 01:06:33
/r/algorand/comments/xqy4xu/happy_nodling/iqbw4gd/

I am totally aware that this requires a jailbreak, which is why I say suggest a community solution. I suspect there is a way to run these machines as a node in downtime. We should make that a possibility. People may not have spare Pis or other rigs, but those who crypto also probably have either a PS or xBox that sits around. A detailed guide, even if unofficial, might be really good to boost decentralization.

Commented by /u/GhostOfMcAfee in /r/algorand on September 29, 2022 00:37:18
/r/algorand/comments/xqkyac/purchasing_fifa_nfts_with_usdca_is_a_terrible/iqbfh0l/

Good deal. Also a useful tip, sometimes deleting Wallet Connect sessions gets janky if you run a VPN on WiFi. If you are having trouble disconnecting, switch to cellular. I've found that to help if they aren't disconnecting as intended.

Commented by /u/GhostOfMcAfee in /r/algorand on September 28, 2022 22:07:36
/r/AlgorandOfficial/comments/xpwfc2/what_is_the_best_approach_to_develop_using/iqacyfd/

I’m not a developer, but in my experience, you’ll find a lot more help regarding development by visiting the official Algorand Discord. That seems to be where most of the developers hang out. If you are looking for general help, you can try the one of the more general channels. If you have specific questions about a particular thing, there a ton of specialized channels.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 28, 2022 17:17:41
/r/algorand/comments/xpyuht/so_has_algotrain_finally_been_taken_out_of_service/iqabt4p/

It’s a much better analogy though I think of Bitcoin is a digital currency/store of value. But coins like Algo or ETH, I don’t see as being meant as a currency. Rather, like you say, it’s a commodity. They are things you *can* buy and sell, but their main purpose is to power, pay for, and vote on transactions on the chain. It’s digital fuel.

Commented by /u/GhostOfMcAfee in /r/algorand on September 28, 2022 17:09:47
/r/algorand/comments/xqkyac/purchasing_fifa_nfts_with_usdca_is_a_terrible/iqa44ln/

A common cause of this is having a bunch of open Wallet Connect sessions. If you have these issues, check whether you have other open connections. If so, disconnect them and try again.

Commented by /u/GhostOfMcAfee in /r/algorand on September 28, 2022 16:18:50
/r/yesyesyesyesno/comments/xq4w1e/have_a_good_day_judge/iq9pt9v/

You are both correct. It is cronyism. But “professional courtesy” is the word that the cronies use.

Commented by /u/GhostOfMcAfee in /r/yesyesyesyesno on September 28, 2022 14:45:03
/r/AlgorandOfficial/comments/xoueno/tinyman_token/iq8b00m/

You are right. I misread and added zeros.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 28, 2022 09:02:52
/r/AlgorandOfficial/comments/xoueno/tinyman_token/iq7bck7/

They have had around $800M in daily trading volume recently. A 0.3% fee on all swaps works out to $240k a day, $87M a year. That's not bad at all.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 28, 2022 01:39:16
/r/AlgorandOfficial/comments/xoueno/tinyman_token/iq7aln4/

If they don't already make enough from fees to keep going, then what would the purpose of a token be besides subsidizing a failing venture? There are very few projects that need a token. In my simplest opinion, DEXes only should have a token if they have a DAO feature that gatekeeps who gets in and/or have a profit sharing feature from their treasury. Without one or (preferably) both of those, it is a shell game. If the token grants me no real rights or income stream, why should I buy it other than speculation?

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 28, 2022 01:30:18
/r/AlgorandOfficial/comments/xp8gjt/trustless_london_bridge_coming_soon_on_algorand/iq7946t/

People got all sorts of pissed by Algorand shifting its focus towards state proofs and quantum security in lieu of TPS and block time upgrades, but that was a hella smart decision in my book.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 28, 2022 01:12:56
/r/AlgorandOfficial/comments/xp8gjt/trustless_london_bridge_coming_soon_on_algorand/iq78mhg/

USDC anything to USDCa. BTC to BTCa and vice versa. I think I even recall a tweet about C3 Protocol using it to send trades from ETH to ALGO to have them settle on ALGO and then update later on ETH to reduce gas fees. Basically, it opens up nearly infinite cross chain interaction without a trusted sovereign intermediary. It is the Layer 0 while also being a Layer 1.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 28, 2022 01:07:16
/r/algorand/comments/xq1ykx/accelerated_vesting_accounts/iq76sqw/

AV is done, and has been for quite some time. AV happened at the peak of bull mania last November. Those that wanted to dump had ample opportunity. And, they could have done so at a hefty profit. Non-exchange and non-Inc/Foundation whale wallets didn't change all that much, which suggests early backers who got AV did't dump a ton of their rewards, though some did. Make of that what you will.

Commented by /u/GhostOfMcAfee in /r/algorand on September 28, 2022 00:47:02
/r/BitcoinMarkets/comments/xp5tnf/daily_discussion_tuesday_september_27_2022/iq7359x/

If investors, counterparts, or anyone else has claims, the lack of bankruptcy won't prevent discovery unless FTX steps in and doles out money to make everyone whole. Bankruptcy or not, lawsuits could go forward and all lawsuits in the US involve liberal discovery.

Commented by /u/GhostOfMcAfee in /r/BitcoinMarkets on September 28, 2022 00:09:00
/r/algorand/comments/xpyuht/so_has_algotrain_finally_been_taken_out_of_service/iq7213g/

actually, it is the definition of a Ponzi scheme, not a pyramid scheme. Pyramid schemes are based on users recruiting new users to generate upstream revenue (e.g. I get paid based on how many people I get to sign up to buy/sell product instead of how much product I buy/sell). Ponzi's are based on new investors -- regardless of who recruits them -- paying money that goes to compensate earlier investors (e.g. I get paid because somebody else buys in and pays me guaranteed returns based on their buy in). They all have similar points of failure, but they differ based on structure. Also, both pyramid schemes and ponzi schemes are illegal.

Commented by /u/GhostOfMcAfee in /r/algorand on September 27, 2022 23:58:13
/r/algorand/comments/xpyuht/so_has_algotrain_finally_been_taken_out_of_service/iq718dq/

It wasn't a pyramid scheme, but it was quite literally the definition of a Ponzi scheme: using new "investors" money to pay a return to prior "investors". It could not be more transparent. I assume the creator got paid handsomely. Very very early people got paid well. But, with all Ponzi's, those who aren't in the very earliest stages will end up with losses. The law of exponents guarantees their collapse in just a few generations. Those tokens you have are almost certainly trash. Seriously though, if you put money in that, you should really think hard about what you do to kick the tires of a project. AlgoTrain was a transparent Ponzi. It's a hard lesson, but sometimes those are the most valuable.

Commented by /u/GhostOfMcAfee in /r/algorand on September 27, 2022 23:50:31
/r/CryptoCurrency/comments/xpdv6j/anonymous_calls_out_bored_ape_yacht_club_in_new/iq3yv73/

*Gay Fox enters the chat* Haaaaaaayyyyy

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 27, 2022 10:48:37
/r/algorand/comments/tqntar/whats_a_good_entry_price/ipz4hgs/

Yes. If they eventually incentivize participation nodes in addition to relays, and if my stack allows me to make sustained income because I’m proposing and voting often enough, then I’ll just take those constant gains and use it as income rather than selling anything.

Commented by /u/GhostOfMcAfee in /r/algorand on September 26, 2022 10:37:44
/r/algorand/comments/xlnkdn/whats_next_after_fifa_f1_golf_tennis/ipmgpsm/

Yes. It is good. My point was more that these deals should be more than mere sponsorships and more than just hawking collectibles to rich fans.

Commented by /u/GhostOfMcAfee in /r/algorand on September 23, 2022 14:14:29
/r/algorand/comments/xls0bp/why_did_helium_choose_sol_over_algo/ipll8d6/

This might have something to do with it . . . “The proposal comes months after Helium raised $200 million in a Series D funding round at a $1.2 billion valuation in February in a round led by Tiger Global and FTX Ventures, who joined existing investors Multicoin Capital and a16z. All these firms have previously invested hundreds of millions of dollars in the Solana ecosystem.” Source: https://www.coindesk.com/tech/2022/09/01/helium-developers-propose-shifting-network-to-solana-blockchain-for-faster-speeds/

Commented by /u/GhostOfMcAfee in /r/algorand on September 23, 2022 10:19:42
/r/algorand/comments/xlnkdn/whats_next_after_fifa_f1_golf_tennis/ipl8qib/

That’s a better formulation than my comment. I just have an aversion to the idea pursuing a particular sport just because it has rich fans to buy collectibles. I would so much rather they showcase something like NFT ticketing than just selling more jpegs and gifs.

Commented by /u/GhostOfMcAfee in /r/algorand on September 23, 2022 08:33:36
/r/algorand/comments/xlnkdn/whats_next_after_fifa_f1_golf_tennis/ipkj9pr/

Perhaps an unpopular opinion, but I don't want sponsorships. I want real world tech applications. Algorand should not be in the business of selling coins. It should be in the business of selling tech. The price action follows. I care less about what industry they engaging in sponsorships and more about which industry they intend to disrupt. PGA or F1 are cool only if in doing so a new tech application is showcased. Otherwise, it's just a waste of energy in my opinion.

Commented by /u/GhostOfMcAfee in /r/algorand on September 23, 2022 02:45:35
/r/algorand/comments/xlmuas/first_time_back_at_040_since_june_9th_before_the/ipkig8l/

This is sound not financial advice. We are in a random walk until the next halving cycle or until there is huge news.

Commented by /u/GhostOfMcAfee in /r/algorand on September 23, 2022 02:34:15
/r/funny/comments/xlnfvx/your_rules_make_rfunny_extremely_runfunny/ipkeh3c/

Nor can you laugh at a horrendously photoshopped amazon photo of a woman with literal dicks for fingers when mods automatically delete it based on "offensive content." It is stupid.

Commented by /u/GhostOfMcAfee in /r/funny on September 23, 2022 01:40:37
/r/funny/comments/xlnfvx/your_rules_make_rfunny_extremely_runfunny/ipkdnos/

I posted a malformed photoshop from Amazon that had a woman with what looked like literal dicks for fingers. Mods pulled it. It was neither political nor offensive. It was silly. For some reason though it was taken down. The only thing I can find that tied it all together was the word "dick". And, if this sub can't handle the word dick, then comedy is truly dead.

Commented by /u/GhostOfMcAfee in /r/funny on September 23, 2022 01:30:12
/r/funny/comments/xlnfvx/your_rules_make_rfunny_extremely_runfunny/ipkcup6/

I got pissed because apparently the word "dick" is incapable of being received by this sub in a post. If so, then this sub, is in fact, very unfunny.

Commented by /u/GhostOfMcAfee in /r/funny on September 23, 2022 01:20:12
/r/funny/comments/xlnfvx/your_rules_make_rfunny_extremely_runfunny/ipkcob6/

I dislike fakeness. Maybe this sub should actually be r/runny instead of a place where people wag fingers.

Commented by /u/GhostOfMcAfee in /r/funny on September 23, 2022 01:18:05
/r/funny/comments/xlnfvx/your_rules_make_rfunny_extremely_runfunny/ipkc4qz/

I'm looking for a sub that doesn't compulsively reject the word "dick" for no reason. George Carlin is turning in his grave.

Commented by /u/GhostOfMcAfee in /r/funny on September 23, 2022 01:11:28
/r/funny/comments/xlnfvx/your_rules_make_rfunny_extremely_runfunny/ipk9712/

have a suggestion? I will gladly go check out another sub that is funny without weird restrictive rules

Commented by /u/GhostOfMcAfee in /r/funny on September 23, 2022 00:36:54
/r/funny/comments/xlnfvx/your_rules_make_rfunny_extremely_runfunny/ipk8zah/

cool. doesn't mean the stupid rules of this sub promote comedy. Pay attention.

Commented by /u/GhostOfMcAfee in /r/funny on September 23, 2022 00:34:27
/r/funny/comments/xlnfvx/your_rules_make_rfunny_extremely_runfunny/ipk8req/

I thought, incorrectly, that maybe this place would be funny.

Commented by /u/GhostOfMcAfee in /r/funny on September 23, 2022 00:31:58
/r/algorandcasino/comments/xktht3/an_idea_for_the_devs_do_what_you_want_with_it/ipi4mdw/

Yes. Ideally Algo Casino would integrate VRF into all of its games so it is provably and trustlessly. But, I could see how it might not be ideal for games if VRF would slow it down too much.

Commented by /u/GhostOfMcAfee in /r/algorandcasino on September 22, 2022 14:40:31
/r/algorandcasino/comments/xktht3/an_idea_for_the_devs_do_what_you_want_with_it/ipfr7d4/

u/Salary_Slave, this is time sensitive. I posted here because I want you to beat people to the punch. There will be other projects trying to pull this off. Don't fall behind,.

Commented by /u/GhostOfMcAfee in /r/algorandcasino on September 22, 2022 02:27:06
/r/algorand/comments/xkfavq/whats_everyones_option/ipfp8qk/

Most that have been replaced are stolen from other chains (xrp, ada, eth). I'm good. PA sucks recently but I am still optimistic that all the bear market building pays off in the long run.

Commented by /u/GhostOfMcAfee in /r/algorand on September 22, 2022 02:02:42
/r/algorand/comments/xkmutl/algorand_the_sharia_compliant_blockchain/ipfnrej/

this situation is complex. If you are a devout Christian or a Jew, then you might also be interested in this. After all, those faiths also prohibit usery. Do you engage in usery? If you supply capital in Algofi, then the answer is likely yes. In which case, your faith probably condemns you. PS. I have no faith. Taliban suck. Eat dicks Taliban. But, whatever. Math is math. If a math thing does a math thing according to spooky fake god laws, whatever. I don't care. I just want the damn ting to work.

Commented by /u/GhostOfMcAfee in /r/algorand on September 22, 2022 01:45:05
/r/ChoosingBeggars/comments/xkn4yr/i_cant_believe_how_people_think_that_this_is_ok/ipfk5zq/

I wonder how quickly their 7 kids can remove 48 rolls of TP from a house and surrounding trees. Lesson: Be a dick, get dicked. This is the way. Kids talk. The ones who are shafted don't need to be involved at all. All they need to do is continue to complain and have a group that is willing to play army for them. It's honestly dumb for any parents to decide they are going to try to dick over their children's colleagues. Kids are infinitely more spiteful and full of free time than you. You will not win unless you are a psychopath.

Commented by /u/GhostOfMcAfee in /r/ChoosingBeggars on September 22, 2022 01:04:43
/r/CryptoCurrency/comments/xkpncc/with_the_new_upgrade_algorand_now_has_6_the_smart/ipfivvz/

Years. Algo is not a hold measured in months. It is a several year hold to realize it's true potential. Nobody is likely to break out crazy before the next Bitcoin halving cycle, and any chain that does should so probably be sold into ahead of it. We are in winter. It is time to accumulate those projects that you think will make it. But, anybody looking for big gains in a short time horizon is playing a fools game. We are in a recession. This is what shakes out pretenders. But it's unlikely any body goes parabolic absent insanely huge news.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 22, 2022 00:51:03
/r/algorand/comments/xk7zb7/algorand_buddies/ipcdt8j/

![gif](giphy|HgtCxKvJZ7Wi4)

Commented by /u/GhostOfMcAfee in /r/algorand on September 21, 2022 11:40:21
/r/algorand/comments/xiiivr/cheapest_way_to_get_fiat_usdc/ip3lxy1/

I typically follow the same pattern if I want USDCa. But, if you have an account on an exchange that supports USDCa (e.g. KuCoin, MEXC) you could buy it direct there to save a little bit on fees. I don’t really want to give my banking details to those exchanges though.

Commented by /u/GhostOfMcAfee in /r/algorand on September 19, 2022 14:59:08
/r/AlgorandOfficial/comments/xiebfr/by_this_time_tomorrow_the_upgrade_to_6000tps/ip2sssf/

**pats back** It’s okay buddy. We are battered from the past 10 months. But we are going to get through this bear market. You may not care about tech advancements while we are all here down in the dumps, but that’s what gets us through and up on the other side.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 19, 2022 11:50:35
/r/AlgorandOfficial/comments/xiebfr/by_this_time_tomorrow_the_upgrade_to_6000tps/ip2r98m/

I do. Increased TPS, decreased finality, state proofs, and AVM upgrades (including built in randomness functions). Each one of those is exciting in its own right.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 19, 2022 11:40:28
/r/algorand/comments/xidojk/coinbase_suppressing_staking_earnings/ip2otqu/

Yeah, but why would the already accumulated amount go down? Are they calculating rewards in $ terms instead of Algo terms?

Commented by /u/GhostOfMcAfee in /r/algorand on September 19, 2022 11:24:18
/r/algorand/comments/xidojk/coinbase_suppressing_staking_earnings/ip2m8ra/

I have no idea. Might want to ask them directly. It certainly doesn’t make any sense.

Commented by /u/GhostOfMcAfee in /r/algorand on September 19, 2022 11:06:56
/r/CryptoCurrency/comments/xgjevh/algorand_and_its_growing_ecosystem_you_might_want/ioyag36/

Yes. The tokens live on the blockchain. For each property, they create tokens representing a fractional interest in the building. To my knowledge, payments aren’t done by smart contract. Since it is management of real property, you need a real live property manager to manage cash flow and push payments. It’s not much different than If you and a bunch of people all signed LLC documents to hold a property. The difference is that the tokens for the property are more fungible.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 18, 2022 13:32:46
/r/algorand/comments/xh6x1p/twitter_banned_for_asking_a_simple_question/iovyy5v/

You weren’t banned. You were blocked, as is anyones right to do. Nobody is obligated to read your tweets. I would like to see the tweet(s) that caused this. In my experience, the tweet or post that causes a block is almost never “just asking a simple question.” Feel free to share it so we can evaluate.

Commented by /u/GhostOfMcAfee in /r/algorand on September 18, 2022 00:42:15
/r/algorand/comments/xh0448/unlink_pera_from_ledger/iovem4e/

If you are just rekeying an account to your ledger, it won’t affect governance so long as you have enough extra to cover the transaction fee. Rekeying is just a transaction that reassigns spending keys. No Algo move. Instead, basically it is Pera telling the network “hey, wallet X has declared that it can only make transactions that are signed by private keys of wallet Y.”

Commented by /u/GhostOfMcAfee in /r/algorand on September 17, 2022 21:44:57
/r/algorand/comments/xh0448/unlink_pera_from_ledger/iovcyvm/

The only way would be with a node and to issue a transaction signed by the ledger that then assigns spending keys back to the original wallets address. Pera doesn’t have a feature to easily swap the keys back.

Commented by /u/GhostOfMcAfee in /r/algorand on September 17, 2022 21:32:05
/r/CryptoCurrency/comments/xgjevh/algorand_and_its_growing_ecosystem_you_might_want/ioupvcb/

OP didn’t really list any projects that are outside of DeFi. There are several. For example, Lofty is fractionalized real estate where you get royalties from rents on the buildings. Opulous is fractionalized copyright interests in music. Wayru is attempting to do what Helium is with decentralized internet service. A new project that I’m very interested in beta testing is called Vendible. It’s basically a way to trustlessly secure wallets without needing to remember seed phrases via ZK proofs and decentralized identifiers.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 17, 2022 18:30:53
/r/AlgorandOfficial/comments/xgv8fc/us_treasury_recommends_exploring_creation_of/iou42qd/

I suspect if they actually do it, it would be like USDC where it is not native to any specific chain but rather is a token that can be used on many different chains.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 17, 2022 15:52:32
/r/algorand/comments/xgvfeg/lambo_now/iou1j1n/

That’s a funny spelling of ramen

Commented by /u/GhostOfMcAfee in /r/algorand on September 17, 2022 15:34:38
/r/algorand/comments/xgp7k6/people_service_profit_and_the_vend_token/iotyp54/

NGL, the medium post is a little to feely for me. But, the idea of a ZK Proof wallet so that ordinary folks don’t have to fiddle with seed phrases and ledgers is an elegant idea to allow for mass adoption. It solves the problem that has become a meme: “do you think you can teach grandma to store and use a seed phrase”. I hope we can get a lot of beta testers. The solution is cross chain, but the tech runs on Algorand, so it really is going to fall on us to kick the tires and help it succeed. But, if this thing actually works, it could be the missing link between early adopters and mainstream for all of crypto. This is real usable tech.

Commented by /u/GhostOfMcAfee in /r/algorand on September 17, 2022 15:14:23
/r/AlgorandOfficial/comments/wv1d5q/counterproposal_for_q3_2022_governance_measures/iot9l63/

I did. Hopefully we can propose something like it in xGov

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 17, 2022 12:21:28
/r/AlgorandOfficial/comments/xfz00o/ryan_terribilni_needs_to_be_removed_from_the/ior4f3d/

On eof the most oddly compelling things about that other thread is that he never once mentions Algo. Not once. And, it slipped under the radar for months. So, maybe he has a personal axe to grind, but it doesn't seem to be a deliberate FUD post meant at discrediting any particular chain in bad faith. He might be wrong, but he seems well intentioned. The "bored guy" however, is trolling deliberately. I just don't want the serious questions to get lost in the circus.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 16, 2022 23:19:20
/r/AlgorandOfficial/comments/xfz00o/ryan_terribilni_needs_to_be_removed_from_the/ioqlam5/

I will say that the guy in the linked post comes off as a crazy person. However, he tweets to a different thread by someone else. That other person's thread, [found here](https://twitter.com/andydrewie/status/1539344941452734464), is not nearly as crazed. He presents a coherent outline, with what appear to be screen shots of those who had direct communications with Ryan at the time and claims to have spoken with many others. It's not conclusive proof of anything, but in my opinion it is something that ought to be addressed rather than just swept under the rug as baseless FUD. He may very well be an upstanding guy. He worked at Ripple before coming to Algo. I'll reserve judgment. I will least want to hear his side of the things before I make that decision, but I would like to hear real pushback with substance behind it.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 16, 2022 20:40:48
/r/AlgorandOfficial/comments/x6jpuj/algorand_governance_voting_session_is_now_live/ioqi8kw/

oof. Hopefully there weren't too many who got snagged by this glitch.

Commented by /u/GhostOfMcAfee in /r/AlgorandOfficial on September 16, 2022 20:16:26
/r/algorand/comments/xf9m0f/serious_issues_at_hand_with_staci_and_how_she/iookku2/

Agree. There is something to be addressed there, but the guy who was tweeting at Staci unfortunately turned it into a circus with all sorts of memes and thin tangential allegations. That side post from June is coherent, sourced, and is worthy of exploration and explanation by the Foundation. I suspect they never heard these accusations. Before Algo got him, he had been head of developer relations at Ripple. So, it’s not like as if he had a track record at a major project. Unfortunately, the troubling claims in that thread by @andydrewie got overshadowed by the circus. That’s the thing the Foundation needs to respond to.

Commented by /u/GhostOfMcAfee in /r/algorand on September 16, 2022 12:14:36
/r/algorand/comments/xf2dhs/if_eth_reaches_100000_tps_whats_the_point_of/iom2300/

They have hinted that node running may be a requirement for governance participation at some point in the future.

Commented by /u/GhostOfMcAfee in /r/algorand on September 15, 2022 21:58:21
/r/algorand/comments/xf2dhs/if_eth_reaches_100000_tps_whats_the_point_of/iolvz4t/

I see you've linked to this post several times. The problem is that the post you link to relies on further linked post ([this one here](https://np.reddit.com/r/AlgorandOfficial/comments/vvxb9e/what_tps_does_algorand_need_to_be_sustainable_by/)) for the claim that Algo needs at least 3,000 TPS average to be sustainable past 2030. But, there are a ton of wholes in the assumptions of the underlying post that make that supposed 3,000 TPS requirement a load of BS. For example: 1) The post wildly overestimates the cost requirements of a $32,550/year to run a relay using some insane assumptions. But, u/BioRobotTch has actually ran a relay just for fun. And, they broke down the costs in [this post](https://www.reddit.com/r/AlgorandOfficial/comments/o4on6e/run_a_relay_node_on_aws_cost_estimation). The cost, at least on AWS, is \~$650/month, or around $7,800 a year. 2) The post wildly overestimates the number of relays that are "needed" for "decentralization." The post assumes 10,000 relays would be needed. The assumption was made because "it was around the current # of Bitcoin and Ethereum"). But, this fails to consider what Relays actually do. Relays don't participate in block proposal/voting. They just direct traffic. So, having a huge number of them isn't really "needed" for decentralization. Instead, it really is a matter of ensuring that the number is sufficiently large and globally diverse so enough are always running such that the network does not stall. So far, 100 has been sufficient. Would I want more? Sure. Will we have more? Yes. But it's an absurd claim to think you *need* 10,000. 3) The post wildly overestimates the cost requirements of running a participation node as being $1,700/year. As a person who runs more than one participation node, I can tell you that number is not in the ball park, it's not even in the same city. Most people running nodes already have the equipment (a Pi or an old laptop). The power/internet costs are miniscule. 4) Because of this absurd overestimation, the post incorrectly assumes that incentivizing participation nodes is absolutely critical to maintaining the network. Algorand already has more nodes than either Avalanche or Solana. And, they do it without incentives. While incentives probably should come to help incentivize more people to run them, it is not critical, nor does running a participation node need to be a profitable venture to get people to do it. 5) The post strangely assumes that both the Inc and Foundation need to be compensated from transaction fees. They don't. First of all, after 2030, the Foundation's role should essentially be complete. It doesn't need to last indefinitely. Second, the Inc has its own revenue generating work. It is self funding.

Commented by /u/GhostOfMcAfee in /r/algorand on September 15, 2022 21:13:09
/r/algorand/comments/xeqx65/thoughts_on_this/iokkach/

I think it was more about the current insiders’ connections than anything else. From a Coindesk article about the move . . . “The proposal comes months after Helium raised $200 million in a Series D funding round at a $1.2 billion valuation in February in a round led by Tiger Global and FTX Ventures, who joined existing investors Multicoin Capital and a16z. All these firms have previously invested hundreds of millions of dollars in the Solana ecosystem.”

Commented by /u/GhostOfMcAfee in /r/algorand on September 15, 2022 15:32:34
/r/algorand/comments/xf2dhs/if_eth_reaches_100000_tps_whats_the_point_of/iok3052/

“The merge” does nothing related to throughput, finality, forking, or gas fees. ETH is still slow, can fork, and is expensive to transact on.

Commented by /u/GhostOfMcAfee in /r/algorand on September 15, 2022 13:39:26
/r/algorand/comments/xeq4xm/unlox_update_from_salt_day_1/iok20ck/

Awesome. This is what I was looking for the other day but ended up finding an old video. They are talking crazy numbers. I just hope they can deliver on it.

Commented by /u/GhostOfMcAfee in /r/algorand on September 15, 2022 13:33:00
/r/terriblefacebookmemes/comments/xesyka/mermaid_vs_historical_figure/iok16ne/

In the movie, instead of being bitten by police dogs on the Selma AL bridge, he’s biting the dogs.

Commented by /u/GhostOfMcAfee in /r/terriblefacebookmemes on September 15, 2022 13:27:37
/r/CryptoCurrency/comments/xenb8r/kind_of_amazed_nobody_in_cc_has_posted_about/ioju6j9/

Oh of course. I wouldn’t trust it with serious funds until it’s fully open sourced and battle tested for a considerable time. I’m more interested in the concept and whether it has been tried. It seems like an elegant solution but one that is so simple in theory (even if the implementation is hard) that someone would have either tried it or explained why it can’t work.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 15, 2022 12:42:30
/r/algorand/comments/xeqx65/thoughts_on_this/ioje8pj/

It’s a fools errand. Not to say it wasn’t worth their time to raise the issue, but that it will not succeed. It seems like a predetermined outcome. Helium did not openly shop the migration to other L1s. Nor were they transparent in the pros and cons of each L1 they supposedly looked at on their own. It seems like insiders were tight with Solana, chose them, then justified the decision with hand wavy explanations. They put the vote up, committed their large stakes in voting immediately, and pushed the community to approve it. They are at 85% approval (down from where it started, but still indicating it is going to pass handily). I think it sucks for Helium owners how they handled it, but they can decide their own fate, either by voting or selling. Yeah, it would be cool to have been able to onboard a preexisting project. But, it is what it is. Let’s just hope Wayru can be successful and challenge Helium at its own game.

Commented by /u/GhostOfMcAfee in /r/algorand on September 15, 2022 11:00:18
/r/CryptoCurrency/comments/xenb8r/kind_of_amazed_nobody_in_cc_has_posted_about/ioj4zbr/

Agree. Anything in this space has to be battle tested.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 15, 2022 09:58:17
/r/CryptoCurrency/comments/xenb8r/kind_of_amazed_nobody_in_cc_has_posted_about/ioj2s3n/

On that front, does something like this exist already or in development, to your knowledge? If so, I want to look it up.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 15, 2022 09:42:41
/r/CryptoCurrency/comments/xenb8r/kind_of_amazed_nobody_in_cc_has_posted_about/ioj2i37/

Fair enough. I was pretty excited and interested about the concept. That can look like shilling I guess.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 15, 2022 09:40:41
/r/CryptoCurrency/comments/xenb8r/kind_of_amazed_nobody_in_cc_has_posted_about/ioj1sic/

Honestly, I’m looking for input. The thing isn’t even launched so I have no bags to sell. I’m asking about the concept and tech and whether there is anything like it elsewhere. Is this possible, or vaporware? Perhaps I just need to go to a cryptography or computer science sub instead. Too many here are jaded and tribal.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 15, 2022 09:35:32
/r/CryptoCurrency/comments/xenb8r/kind_of_amazed_nobody_in_cc_has_posted_about/iohy6gh/

To be clear. I dare you to post a prior link of where I mention Vendible on CC. If you do so, I will send you $500. I will post publicly the transaction for all to verify. Ball is in your court loud mouth.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 15, 2022 02:08:29
/r/CryptoCurrency/comments/xenb8r/kind_of_amazed_nobody_in_cc_has_posted_about/iohxbhh/

post links. Do it. You are looking at one post from forever ago (not by me), then, another by me, today, in which you are commenting. I literally found out about this thing this morning and researched it this evening before posting because I was interested in the tech. Again. Post links. Try to prove me a liar. You won't. You can't. Because before I even posted this damn thing I search the sub, because I was genuinely interested if it had been mentioned and compared to anything else around. I did the thing most don't do, which is research before I post. I only posted when I found a long ago discussion of it in proof of concept phase. But, again, go ahead. Post your links. Do it. Dig into your position instead of considering the some people post for reasons other than to attack whatever coin you hold.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 15, 2022 01:58:05
/r/CryptoCurrency/comments/xenb8r/kind_of_amazed_nobody_in_cc_has_posted_about/iohu4nf/

I posed a question. Is this novel or a copycat from nothing developed on another chain. I genuinely want to know. I want to research it. To call me a shill when I am actively trying to learn about tech from other chains is silly. The token for that thing hasn't even come out. I can't shill for anything that i haven't bought. I'm legitimately asking about tech here. But go on. Call me more names. I'll await your answer to to the ultimate question in my post.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 15, 2022 01:21:36
/r/CryptoCurrency/comments/xenb8r/kind_of_amazed_nobody_in_cc_has_posted_about/iohtaz6/

PS. Have words with my mother. I don't think she would suffer you long.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 15, 2022 01:12:41
/r/CryptoCurrency/comments/xenb8r/kind_of_amazed_nobody_in_cc_has_posted_about/ioht3of/

Which coin? BTC? ETH? ALGO? MATIC? Somebody comes along and finds a way to unite those chains and your response is to holler SHILL!. But for which one. Your non-responsive reply is sad. If you have a substantive response, give it. I literally asked if any other chain, anywhere, had a similar solution. Your response is to just post alternating fonts that call me a shill. That is not how reasonable people discuss topics.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 15, 2022 01:10:28
/r/CryptoCurrency/comments/xenb8r/kind_of_amazed_nobody_in_cc_has_posted_about/iohsi9o/

I searched and found exactly 1 other post. Please post links to others I did not find. Moreover, I actually don't see this as a shill post my friend. They are proposing a method for easy wallet security across multiple chains. If successful, it benefits all in this space. A rising tide lifts all ships.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 15, 2022 01:04:04
/r/algorand/comments/xe80m4/success_with_vanity_address/ioguq51/

Nice. Did you use AlgoVanity or your own code? I had no idea until this post that Algovanity was so slow compared to what others made with their own code. It took me a nearly an entire day of an overheating MacBook just to get "Govna" for the Gov Hat using Algovanity. Granted, I could have just been unlucky.

Commented by /u/GhostOfMcAfee in /r/algorand on September 14, 2022 20:24:58
/r/algorand/comments/xe80m4/success_with_vanity_address/iogj3vg/

u/DingDongWhoDis Maybe you could try running something like the commenter above. Seems that doing it locally is way faster than relying on AlgoVanity. Getting to 10 characters might still be a bit daunting though.

Commented by /u/GhostOfMcAfee in /r/algorand on September 14, 2022 18:55:16
/r/algorand/comments/xe80m4/success_with_vanity_address/iogj1qp/

u/DingDongWhoDis Maybe you could try running something like the commenter above. Seems that doing it locally is way faster than relying on AlgoVanity. Getting to 10 characters might still be a bit daunting though.

Commented by /u/GhostOfMcAfee in /r/algorand on September 14, 2022 18:54:48
/r/algorand/comments/xe80m4/success_with_vanity_address/iogi3u8/

Ahhh. You are running your own code. I believe OP was just using Algovanity. That is a lot slower. He said he has had been running it for a week with only 90M addresses.

Commented by /u/GhostOfMcAfee in /r/algorand on September 14, 2022 18:47:29
/r/algorand/comments/xe80m4/success_with_vanity_address/iogg5j7/

At the beginning of the wallet address, or just anywhere?

Commented by /u/GhostOfMcAfee in /r/algorand on September 14, 2022 18:32:25
/r/algorand/comments/xb3gci/vendible_ible_city_nft_and_trustible_ama/iogb01a/

Totally missed these recent posts about Vendible. Seems like a super promising concept. I’m definitely going to sign up to beta test.

Commented by /u/GhostOfMcAfee in /r/algorand on September 14, 2022 17:53:37
/r/algorand/comments/xe80m4/success_with_vanity_address/iofg2rw/

Unless you have a super computer, you will never get a ten digit vanity. Each new digit increases the difficulty exponentially. With 36 potential characters for each digit, you theoretically need to check 36^10 addresses. That’s approximately 4.73 quintillion addresses.

Commented by /u/GhostOfMcAfee in /r/algorand on September 14, 2022 14:22:25
/r/algorand/comments/xdx6jr/micali_has_long_been_considered_one_of_the/ioenb2t/

Devil’s Snare, Devil’s Snare. It’s deadly fun, but sulks in the sun.

Commented by /u/GhostOfMcAfee in /r/algorand on September 14, 2022 11:18:56
/r/CryptoCurrency/comments/xdop2f/cousin_got_all_their_crypto_stolen_help_me/ioe33ny/

Yup. Airplane mode’s default is to only turn off cellular. I agree that it is odd, since the button for airplane mode is right next to the button to turn off cellular, and they do the exact same thing.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 14, 2022 09:00:30
/r/CryptoCurrency/comments/xdop2f/cousin_got_all_their_crypto_stolen_help_me/ioe1xht/

Default “airplane” mode on Apple is to turn off cellular data but leave on WiFi.

Commented by /u/GhostOfMcAfee in /r/CryptoCurrency on September 14, 2022 08:51:06
/r/algorand/comments/xd977l/algorand_protocol_upgrade_will_happen_in_1_week/ioe1obs/

Thanks friend. Fuck cancer, indeed. He’s ived longer than something like 95% of people should based on where it all was when they found all of it. He is a tough old bastard.

Commented by /u/GhostOfMcAfee in /r/algorand on September 14, 2022 08:49:03
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