Algorand, The Foundation, and the complete lack of adoption

they do one way announcements, whenever there is a question they either go unnoticed (intentionally) or the CEO blocks the account because its considered FUD. the point is people do not want to spend time having fear uncertainty or doubt but Warden’s reckless spending on things that do not grow the …

Necessary Improvements to Transparency Reports

I would take with a large bowl of salt what is promised by Staci Warden. Before you know it she will be plonking down $150M into a bike charity in India in the name of green blockchain. there is no time to disclose to the community since they are busy with spending it all.

Algorand, The Foundation, and the complete lack of adoption

this forum should be open to all holders and not just shills that only propagate the Foundation’s ideology (whatever it is). Algorand Foundation is just not hungry to gain market share, it took a passive role during bull market by pushing the narrative “build and they will come” whilst spending hun…

Algorand, The Foundation, and the complete lack of adoption

she already blamed Sean Lee for 3AC and owned up to Hodlnaut being her idea. the most disgraceful act is not losing $35M, she probably had good intentions to keep the runway longer, the thing that gets most people upset is the endless dumping of ALGO and spending spree on things like bike charity. …

Protest Voting in Governance

governance was designed to dodge being deemed a security so is the entire tokenomics of Algorand. there is nothing in the favor of Algorand tokenholders accept use of the blockchain. voting rights have value is an illusion as everything is predetermined by the Foundation. you have a choice of acc…

Feedback requested on proposed Q3 2022 Governance Measures

no, how can we and via what channel? the foundation have taken 3+ years to roll out TPS upgrade. to change the voting mechanism probably require some community vote which will take 3 months to propose and another 12 months to implement. with their staff budget and the amount of ALGOs sold to fund t…

Feedback requested on proposed Q3 2022 Governance Measures

the way things are going, wouldn’t be surprised if the Foundation needed a vote on the above measures so that they can start processing things more quickly. the Foundation must be one of the slowest movers in the blockchain space took months to decide on pivoting from institutional adoption to reta…

Feedback requested on proposed Q3 2022 Governance Measures

next measures can you guys limit the budget/spending so that the Foundation and Inc. can stop dumping ALGO? the issue here is adoption and its hard to gain adoption when a new users see ALGO dropping 15-20% month to month. also when are any of the past proposals implemented? we are voting and dis…

Governance Period 4 Voting power centralization, consensus participation and known entities

this measure is too little too late, just like how Algorand missed the TPS, NFT and DeFi hype throughout the last bullrun. this is where other L1s gained massive adoption and name recognition. now allocating 7M to DeFi when there Aeneas Liquidity Program is 300M is a drop in the ocean.

Governance Period 4 Voting power centralization, consensus participation and known entities

On top of all that, “proposals” are decided by the Foundation probably a handful of individuals at best. Proposal, votes and results all controlled by the same entities or individuals. Lets see if the “discussions” on this Forum and in Reddit made any impact to their initial “proposals”. My bet …

Feedback requested on proposed Q3 2022 Governance Measures

any reason why its not 7M ALGOS as Governance reward and the rest being DeFi rewards? seems the Foundation is trying to encourage DeFi adoption but only allocated less than 10% of rewards to this. have not explicitly seen any comments on why DeFi is not counted as part of Governance rewards and i…

Feedback requested on proposed Q3 2022 Governance Measures

Most people participate in DeFi to chase yield, this is especially the case for ALGO holders where ALGO have depreciated 60% against ETH since the start of this Governance period alone. What we need is new user and new money in the ecosystem and not just life support from the Foundation. To encoura…

Governance Implementation

have we got any updates on the Governance 2 - Creating an xGov Tier and more importantly Governance 3 - Approve the mechanism for community proposals? starting to really think whether this governance exercise is for cosmetic purposes, since there has been no follow up, no implementation and not a p…

Marketing Budget

How is the marketing budget spent? Algorand goes on a spending spree with events such as Times Square, Envision, Woman Soccer, SailGP etc. but what’s the actual adoption rates for these sponsorships and events? Governance has around 35k governors (many of them are from the same user with multiple …

Transparency in algo blockchain / algo foundation

what’s pretty much given to the early backers is done and will continue distributing according to EIP-11252019AF. " As a result of acceleration, on June 16, essentially 2 years after launch, when the original vesting program was supposed to be completed, around 2BN had actually been distributed, al…

Transparency in algo blockchain / algo foundation

yes which means it is still active, hence that part of the tokenomics cannot be changed. the “free” tokens of running the relay nodes have mostly been given out to early investors already. this cannot be changed. learn to read and digest the information. if you read the first few pages of the “…

Transparency in algo blockchain / algo foundation

that the usage of the AERP! go read the latest update sent out yesterday “The Algorand Economic Evolution Report”.

Transparency in algo blockchain / algo foundation

yes but only on the proposals selected by the foundation. there will not be endless proposals tabled to be implemented. I believe it would be like 10-20 proposals for each quarter at the maximum otherwise tokenholders would be sitting there vetting hundreds of requests. they select, then tokenhol…

Transparency in algo blockchain / algo foundation

tokenomics is in too deep, the discount and free tokens to early investors (mainly VCs) can’t be rolled back and would be unfair to do so since they took the majority risk. the only way is to increase demand. where there is demand it will snuff out the over supply. the team should focus on both c…

Transparency in algo blockchain / algo foundation

Algorand had BTC and ETH to copy off, despite employing economic advisors they managed to totally screw up the tokenomics (whether on purpose or paying themselves as node runners in the millions). Either way the foundation has done a poor job at execution. The only thing the team could do is to us…

$62 billion Tether fraud?

there is probably more chances of Algo dropping to zero then Tether. Whales that got the tokens at 3c has been constantly selling and there is no more retail interest in Algo because the PA is so bad. you want to call Algo out as a fraud as well?

I was tricked into a fake Algorand site and I was scammed

should the Algorand Marketing Team not be on top of securing domains, usage of Silvio’s images etc. to protect potential supports? there are daily YouTube channels using Silvio’s figure head which is damaging to the image of Algorand.

Algorand Governance Feedback: Decentralization Concerns

@awesomecrypto You do realise the objective of Algorand is a truly decentralized network, right? In order to be decentralized there are consequences and it means sharing the responsibility and decision making with people that you might consider inferior or have a different opinion than yourself.