What's Algorand been up to in the Bear Market? FUD Fighters....

I've noticed an uptick in absolute nonsense about Algorand, mostly rooted in old narratives about tokenomics and centralization through relay nodes. There are several absolutely valid criticisms of Algorand, but I'm not even seeing those because the attacks are pure FUD and rooted in the past. Lets have a constructive dialog about Algorand.

• Tech/Centralization:
  • Relay nodes become optional as early as Q1 2024 with Algorand moving to a gossip style network with optional use of relay nodes.
  • Dynamic Lambda (round times) Algorand has already begun an upgrade to dynamic round times shrinking an outstanding ~3.3 second round time to as little as ~2.6
  • Zero Downtime or network disruptions in block chain history
  • Falcon Keys: First movers in securing the history of the block chain in post quantum computing era. Also provide block-chain state and will eventually lead to trustless bridges
  • Python: Dev language will be upgraded to include pure python in the next iteration of Algokit.
• Projects/Innovations
  • TravelX: Company that is disrupting air travel. This company currently employs NFTickets on two (2) airlines with a passenger load of 2.6 million annually for FlyBondi and nearly 20 million per year with there new addition Viva (who has direct flights into the United States. Airlines are flocking to the idea of increasing revenue streams while simultaneously improving the customer experiences. Travelx is currently in talks with over 100 airlines. There are a lot of folks that poo-poo on NFTickets (we don't need them, how are they different). This is how we know that there is a major disconnect between retail and the web3 movement. Projects like this don't just create NFTs, they create a space for interoperability between thousands of disparate data bases by eliminating them.
  • Quantoz EURD: One of the first EMT's or Electronic Money Tokens. This is stewarded by Quantoz payments under the direction of the Dutch Central Bank. Why is this a big deal? Because stable coins have inherent tax implications, vulnerabilities and risks. No stable coin is pegged 100% and fluctuations of 1X=.9986 or 1.0011 create profits and losses that become reportable tax events (in terms of investments) that EMTs do not have. This is a major evolution in payments for internet of things (IoT) that will eventually become common place and while it will probably never replace stable coins, it will become prolific and maybe even an alternate to the "inevitable" CBDCs.
  • Lofty AI/Vesta Equity: Tokenization of real-estate. Proof of concept that heavily regulated industries can digitize asset ownership and create exposure to investors without the burden and liability of actually owning properties. These are considerably more flexible than REITS and much more transparent.
  • DEFI: Folks Finance, Pact, Humble, Tinyman all great DEFI platforms where you can lend, pool, and farm. If you don't believe how good these projects are, go try one.
  • Climate Trade: Offers carbon offset marketplace to help folks purchase carbon offsets that are mandatory in some regulatory environments.
  • Planet Watch: Networked sensors for collecting and mapping air quality.
  • AlgOcean: Marketplace for maritime industry (don't know much about this project)
  • World Mobile: Working on building affordable services for the underserved community utilizing Algorand
  • Humanitarian: Kare Survivor Wallet is a Red Cross project designed to get disaster aid to folks in need with as little friction as possible. It's transparent and can help reduce the bureaucracy and potential fraud in disaster relief efforts.
  • HesabPay- Project in Afghanistan to help underserved bridge financial gaps and pay their bills while removing counterparty risks.
  • Supply Chain Projects: Algorand already has projects that ensure counterfeit resistance for wines and olive oils in the EU. There are multiple legit supply chain projects including Wholechain, Circulor and Skuchain.
  • There are currently over 500 Dapp projects on the Algorand Ecosystem. My Algofam folks would probably blast me for leaving so many amazing projects out. Note that almost all of these projects are in the wild and not just "good ideas" or proof of concepts.
• USE
  • Over 150,000 active daily wallets
    • Over 153,000 Wallets have at least 1,000 Algo
    • 34,000 wallets have at least 10,000 Algo
  • TPS is currently 42.7
    • Does not include failed transactions (like some of your faves do) because Algorand doesn't have failed transactions.
    • Does not include consensus in transactions (like some of your faves do)
  • Block Chain has Instant Finality
  • 80.3% of 10B coins in circulation
  • Fee's are .001 Algo per transaction and can be voted lower or higher by community. For example, if the price of algo rose to $100, fee's would become $0.10. If that had an impact on the ecosystem, the fees could be voted down to .0001 algo. Fee's could also be raised to create income to sustain the network. At this time, 45 TPS is only generating about 3,888 algo a day or $738 a day.
  • Current Market Cap: 1.58B
  • Governance in place, vote on Algorand Topics and earn rewards
  • Governance in place, vote on Algorand Funding/Grants and earn rewards
• Accountability and FUD
  • Consistent FUD posts bash Algorand in r/cryptocurrency while accurate descriptions are deleted and posters banned. It feels like there is a massive agenda. As a new investor, I'd really hate to be fed non-stop MAXI nonsense.
  • I'll give this one to the haters, so they'll at least have some accurate ammunition against Algorand! There was a recent project called "Oranges" that was supposed to allow users to "mine" oranges through burning transaction fees. This project sent Algorand to a sustained 2k TPS. It turns out that to many applications (including wallets) were using these high demand/low density APIs and it caused issues. Note that these issues were not with the block-chain but with the API nodes being utilized for the transactions. Algonode, one of the major Algorand nodes utilized for lots of projects had to blacklist the project pending an API upgrade. Independent nodes are still able to mine the orange token (Just the front end of the project shut down). The lesson learned is that major projects should include API infrastructure projects.

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TLDR; Algorand is a solid project with major innovations. It's a shame so many people shit on it with outdated and irrelevant FUD. There are some concerns, but they are easily overcome.

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