I cannot thank the #algofam enough for your votes ๐
Having my art displayed here is beyond incredible!!!! ๐จ
This is a dream come true I am truly grateful! ๐ค๐ค๐
"His errors are of strategy, not of moral character. He wants to make adjustments between what he wanted to do and what he had done and reactivate the rules of conduct, not excavate his guilt."
From Technologies of the Self by Michel Foucault, writing about Senecat
Who said you can't send Algorand transactions from Roblox?
Roblox can generate Algorand accounts, sign transactions and send them directly to Algorand nodes.
It's been almost 5 years since I got into $ALGO, and nearly 10 years in crypto overall.
If there's one thing I've truly learned over the years, it's that there are zero certainties in crypto, anyone telling you otherwise is just lying. The only thing you can realistically do is DYOR and, based on your convictions, bet on the "horse" you believe has the best chance of winning the race, and by race, I mean a marathon!
I'm not married to $ALGO. It's not my only bag, and I genuinely believe I'm far from being a blind holder.
Regarding the recent events, IMO there's a big difference between genuinely caring about the ecosystem and just spreading toxic FUD.
Constructive criticism always matters, no matter what it's about. But lately, most of the $ALGO FUD I've seen is completely pointless IMO. It just feels like people are desperate to find scapegoats to blame for the poor performance of their (our) bags. Emotions often take over reason, and that's quite understandable, we're all human.
But what's even more pointless is FUD being pushed on repeat by guys who left the ecosystem months (or even years ago), some of the worst grifters Algorand has ever seen, many of whom walked away hundreds of thousands $ in grants with often very little to show for it.
FYI the algofam doesn't forget. You're toxic and don't deserve an ounce of credibility. Just look at their X profiles, literally the only thing they post all day is FUD about $ALGO. Seriously, move on, no sane person spends their time doing that.
The irony is, if we were still stuck like in 2021 with zero real on-chain use cases but $ALGO was at $2+, no one would be complaining right now, everyone would be screaming about how amazing Algorand is.
Most of those complaining about $ALGO price action clearly don't understand that we're in a speculative environment where everything is correlated to $BTC and macroeconomic trends. Yes, the market doesn't care about use cases, real adoption, or tech (not yet). Only market makers have any real influence on price.
FIFA leaving Algorand? No impact on price.
TravelX leaving Algorand? No impact on price.
Don't be naive to think $ALGO price action is driven by anything other than market makers.
Tomorrow, you could have a massive announcement about $ALGO, and it still wouldn't move the price, at least not in a sustained way. You could change the whole AF team, it won't probably change anything.
It's all about market makers and good timing.
Now ask yourself: what did major chains like $ETH, $AVAX, or $SOL actually done this past year that Algorand didn't? Even if you go by the metric most people care about (price action), they're ALL behind $ALGO on the past year.
Yes, 99% of alts suck right now, but we'd be in bad faith to think this is only an Algorand issue.
IMO, the real problem goes beyond Algorand, it's web3 as a whole, which still struggles with adoption and user traction... but I'm convinced that better days will come for all of us, especially once we have clearer regulations!
Tbh, @JohnAlanWoods stepping away was probably the most painful thing for the community. NGL, it's a huge loss for Algorand. As I've said, he's a rare profile in web3, an a truly amazing guy. We don't know the exact reasons behind him leaving, but let's be honest, it most likely had to do with AT.
@FIFACollect leaving was a shock too, but not surprising in the end. And again, they didn't leave because of Algorand itself, they left because they wanted their own centralized chain for more control and were being greedy. Just look at the user feedback, it's a clear downgrade and, ironically, one of the best free ads $ALGO has ever had! ๐ซก
As for @travelx__ , yeah, that one hurt. It was the biggest on-chain activity provider on Algorand and IMO one of the most innovative use cases in a public blockchain. Unfortunately, due to pressure from their clients (airlines), they can no longer use public chains for the moment. They're not switching to another chain, they're simply walking away from the public blockchain model.
So yes, three negative events in a row, that's rough. But objectively, how is any of this AF's fault or a reflection of some failure of Algorand itself?
As you know, $ALGO is a permissionless technology, anyone is free to build or leave (for X reason). Don't take it "personally", it's often just business, nothing more.
That said, there are still some real issues IMO, my main concerns are:
๐ Better liquidity in the ecosystem should be a top priority, especially on DEXs for ALGO/USDC, if we want serious players to get involved
๐ We need solid/reliable VCs asap. We can't keep pushing forward alone if we want a successful (and attractive!) ecosystem
๐ More interoperability integrations are needed, $ALGO is still too isolated from other ecosystems
๐ I regret the co-chains stuff never got off the ground
๐ Like many here, I don't like the poor relationship between AT and AF. Some transparency is definitely needed.
๐ We seriously need to improve how we tease our announcements. I'm not a fan of hype, but a bit of excitement is definitely necessary.
And if I'm being 100% honest, yes, I'm extremely disappointed to see how publicly absent @silviomicali has been from $ALGO so far.
NGL, seeing him suddenly reappear to promote the fiat chain after years of silence left a bitter taste. Algorand really needed a strong public figure these past few years, and no one could've done that better than its founder! Even a small involvement from him could have made a big difference. But it's his choice, and we don't know the full story, so I respect that.
Regarding @AlgoFoundation's selling, yes, it's fair to question it. But IMO, here are a few points to keep in mind:
1) AF is one of the very few foundations that actually publishes Q reports. Sure, they probably could be clearer, and sometimes they raise more questions than they answer, but they're still better than most.
When's the last time you saw a transparency report from the Solana, Ethereum, or Cardano foundations? Take a minute and go check what their communities say.
2) We have zero knowledge of AF's off-chain reserves.
3) AF has a limited supply, and this has been publicly known from the very beginning.
4) Their selling wouldn't be an issueโฆ if there was enough buy pressure.
Now, with all that said, the only thing that truly matters to me as an investor is this: when I look at Algorand's fully diluted market cap, do I believe it's undervalued?
The answer is a fucking YES! ๐ฅ
Let's be clear, in just a few years, we've gone from a chain that was hard to build on to one where any web2 dev can deploy smart contracts in minutes.
We've gone from a highly centralized chain to one of the most decentralized ever (2k+ active validators, AF's stake massively reduced, P2P underway, anyone can easily participate in consensus, etc).
We've gone from a blockchain not very attractive for retail to a blockchain with one of the best staking systems ever.
We've gone from a blockchain often considered as VC chains to one of the chains with precisely the least.
We've gone from a blockchain with zero real use cases to one powering many amazing real-world applications, with some of the most organic on-chain activity among all public chains.
And I could go on and on!
Is everything perfect? Could $ALGO do better? As I said above, definitely yes. But saying there's been no progress for years, or even a regression (as some FUDers claim all day long), is simply dishonest.
Just look at what's coming too: P2P, privacy features (hopefully on the roadmap next month), better post-quantum resistance, liquid auth, more interoperability, major staking providers joining, 1,300+ web2 teams building right now for the biggest hackathon ever, tons of other things in BS, and many new on-chain projects coming (like the Universal Chess Passport), etc.
How can you not be bullish? ๐ซก
Going to EthCC? Come to AlgoCannes!
I'll be there with the @AlgoFoundation team talking about how easily you can (Cannes) build on Algorand if you're coming from the Ethereum & EVM world.
Hope to see you there!
Gm frens! โ๏ธ๐
Enjoying the sun on my second day in America, definitely not like Irish weather ๐ซก
Hope #algofam are having a good day and staying positive!! ๐
โ Scalable (battle-tested at 15K+ TPS)
โ Decentralized (2K+ validators)
โ Cheap (fixed txn costs, no gas fees)
โ Instant finality (no risk of forks)
โ Easy to build on (native Python/TS)
โ Growing real-world adoption
Let's bring $ALGO to the top 10! ๐ฅ