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| Name | Is Algorand The Next Bitcoin? |
| Video Uploader | Video From Bitcoin University |
| Upload Date | This Video Uploaded At 02-03-2023 14:41:23 |
| Video Discription | Get the "Ultimate Guide to Bitcoin" course: https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Use the discount code YT99 to get the best price. In this video, I discuss the crypto Algorand (ALGO), how it compares to Bitcoin, and the fatal trade-offs that ALGO has made when it comes to decentralization. ALGO had a 100% premine/premint and runs on a modified version of proof of stake, which in itself ensures that the protocol can never be neutral. In addition, ALGO has a headquarters, CEO, CFO, venture capital backers, a website, and a development road map. These are things that no decentralized protocol would ever have. I conclude that ALGO is an unregistered security that was used to fund Algorand and its foundation. It's just another failed project in crypto land that had a pump and dump. Algorand is NOT the next Bitcoin. Bitcoin is the next Bitcoin. Not investment advice! Consult a financial advisor. Algorand's website: https://www.algorand.com/ Algorand hires a new CFO: https://www.coindesk.com/business/2023/03/01/layer-1-blockchain-protocol-algorand-hires-its-first-cfo/ Algorand has a foundation: https://twitter.com/AlgoFoundation Algorand has VC backers: https://www.crunchbase.com/organization/algorand/investor_financials Algorand has a road map: https://messari.io/asset/algorand/profile Algorand has a headquarters: https://www.builtinboston.com/company/algorand Gensler on companies pretending to be decentralized protocols: https://twitter.com/coryklippsten/status/1629700076120739840/photo/1 Algo huge premine: https://www.algorand.foundation/tokenomics AlgoWallet gets hacked: https://www.pymnts.com/cryptocurrency/2023/algorand-hack-drains-9-6million-from-crypto-investor-wallets/ El Salvador Signs a Cooperation Agreement with Koibanx to Develop the Government’s Blockchain Infrastructure on Algorand: https://www.algorand.com/resources/ecosystem-announcements/el-salvador-signs-agreement-with-koibanx-to-develop-its-blockchain-infrastructure-on-algorand Blockchain Protocol Algorand Leads $22M Investment Round in Tokenization Firm Koibanx: https://www.coindesk.com/business/2022/08/18/blockchain-protocol-algorand-leads-22m-investment-round-in-tokenization-firm-koibanx/ El Salvador to Launch Government Blockchain Infrastructure on Algorand This Year: https://www.coindesk.com/events/2021/08/31/el-salvador-to-launch-government-blockchain-infrastructure-on-algorand-by-2021/ I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #algorand #crypto #bitcoin Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading. |
| Category | Education |
| Tags | Algorand | crypto | Bitcoin | proof of stake | proof of work | Trader University |
