What are /r/AlgorandOfficial's favorite Products & Services?

From 3.5 billion Reddit comments

The Italian Covid GreenPass is integrated into this application, handler of many government services. I don't think it has anything to do with Algorand or blockchain

https://play.google.com/store/apps/details?id=it.pagopa.io.app

You can verify this

This can be used to get the ips of each node https://mxtoolbox.com/SuperTool.aspx?action=srv%3a\_algobootstrap.\_tcp.mainnet.algorand.network+&run=toolpage

This can be used to geolocate them https://tools.keycdn.com/geo

https://hackmd.io/@gavwood/HJrgddTxD

Comparing Algorand and AVAX is like comparing Apples and Oranges. They will have different use-cases.

Algorand will be the fastest of any other chain soon in TPS with similar finality for low-value transactions as every other PoS achieving (2-5s with the caveat of security with more confirmations but not necessary for something like a $1 or $5 cup of coffee). It's already being implemented in L1 of DEXs like IDEX.

AVAX is a good project but is not going to be able to go after the same market (trading) with comparable specs to Algorand. AVAX consensus model is slower but more secure yet their security model is main chain (x-Chain) security first and foremost and "trickle-down" inherited security to subnets second by having validators of subnets use x-Chain to perform cross-chain swaps, etc.

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I think both projects have legs. I just prefer the potential use-cases and ideals of Algorand but smart money would be in both (derivatives market is bigger though and that's the market Algorand could realistically take a huge slice out of.)

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Qualitatively, I'm biased by the MIT branding and past-accomplishments of the people working on Algorand as well.

In my perspective, Stellar and Algorand are two of the safest bets in this space outside of BTC, which is why I am invested in both. I feel that they both have room to succeed and aren't necessarily competitors in the sense that Algorand is a competitor to Ethereum ( potentially ). I say potentially because at present, it is difficult to know exactly what these networks will become. Years ago, Ethereum was all about ICO's. Now, it's all about DeFi and NFT's. Who's to say what's next? A part of me believes that one of Ethereum's wacky gimmicks will eventually solidify its position in one way or another. I say "gimmicks" loosely as an alternative to the fundamental promise of what Ethereum was marketed to be. Today, Algorand looks like what Ethereum was supposed to be but failed to become.

Quite frankly, I believe Stellar will succeed as a global payments platform because it is lightyears ahead in terms of laying out the groundwork for real global adoption. With that said, I think Algorand will succeed where Ethereum has failed. I think Stellar, Algorand, and Celo ( perhaps Solana and Hedera as well ) will co-exist under the Circle USDC ecosystem.

https://www.stellar.org/blog/should-we-increase-the-minimum-fee?locale=en

>The problem is, a lot of people built arbitrage bots, and they all look for the same opportunities. When one comes up, it’s a race: the winning bot submits a transaction that claims the opportunity and succeeds; the remaining bots submit transactions conditioned on the existence of that opportunity, and since it’s no longer available, those transactions fail.

I'm buying

https://smile.amazon.com/Algorand-Embroidered-Vintage-Cotton-Crytpo/dp/B08XP176JX/ref=sr_1_5?dchild=1&keywords=algorand+hat&qid=1620386817&sr=8-5

I try not to recommend any one VPN over any other but I personally use NordVPN myself and if you do some searches you'll find that it's always in the Top 5 of most sites and is rated #1 overall for streaming and peer to peer speeds. So it's a solid choice.

But for anyone that doesn't have a VPN yet I highly recommend doing your own searches on Google, reading the various top 10 lists and the full reviews and making an informed decision. I think I saw an article on TechRadar where they rated ExpressVPN as #1 currently. The top 10 will bounce around a bit as to who is ranked where but, overall the same few VPN providers have been in the top 10 for a while now so you're good with any of them depending on what features you value most.

there was a bug with Kraken (main exchange featured on cryptowat.ch) that appears to have allocated the price according to other exchanges wrong, causing a misinterpretation of prices on the massive dip we saw last week (played in part by kraken themselves and this stupid allocation error causing panic sales), we saw Algo go down to .5, DOT go down to 12.50, and worst of all ADA at a staggering .12... It's not really his fault for believing a graphing error

There's a few swap services that will let you transfer into algo. I use changelly, but there's also Simpleswap, Changenow, and a number of others.

Basically you quote a transfer amount send them one type of crypto and they send you back another type to the wallet of your choosing. It's pretty simple, but like all services they will take a cut and price the bid/ask a bit wide.

I recommend kraken pro for those who want better rates with less than 100k trading volume (in buying and selling) per month. I personally use coinbase pro, but only because i can get their slightly better transaction fees at the 100k range.

https://pro.coinbase.com/orders/fees

https://www.kraken.com/en-us/features/fee-schedule/#kraken-pro

I'm definitely higher in Algo but I also like Stellar, Ethereum and Bitcoin. These are really my 4 that I focus on. My lesser ones are Zcash, Litecoin, Celo. I got in super low with them so I kept them. Will see what happens. But Algo is my favorite. I think the next 5 years, maybe less, will be the test on who is still standing.

Only other wallet I've seen in the same class in terms of user-friendliness and aesthetics is Valora. I don't have all that much Celo though, and haven't taken as deep of a dive into the ecosystem though as I have with Algo, so I haven't really tested functionality with their dApps. However Celo's general model is that of mobile first, and easy, low cost transactions, which I think they're doing great with.

I'm more than satisfied with the Algorand Official mobile wallet (though I would really like to see governance baked in), but I'm excited to try out a new Algo wallet and see the differences/improvements.

I think there is a possibility that the US CBDC is basically already here in the form of USDC. I don't understand all of the ins and outs, but it seems to me that the Fed could accomplish anything they want out of a bespoke CBDC through USDC with enough agreements and regulations, and possibly even it's own "window" with the Fed that is separate from what current banks use.

USDC runs on "Ethereum, Stellar, Algorand, Solana, Tron and Hedera Hashgraph" according to Wikipedia

Or maybe I just think that because I picked up some Circle stock (NYSE: CND). Or did I get the stock because I thought this? Hard to remember sometimes.

But it makes a sort of sense to me that the US wouldn't choose one blockchain, they'll choose one token. They're going to want to regulate stablecoins anyway; that same regulation could turn into an anointing.

> Chivo Wallet is the official Bitcoin and Dollar wallet of the Government of El Salvador. Chivo Wallet allows you to send and receive Bitcoin and / or Dollar between Salvadorans without commission, in the same way it allows users to exchange Bitcoin for Dollar or vice versa without commission. Additionally Chivo is compatible with other Bitcoin on-chain and Lightning wallets. Finally, Chivo connects with the banking system of El Salvador to deposit or withdraw dollars from the platform, and with a network of Chivo ATMs to deposit and withdraw dollars in cash. Chivo has a company version that allows you to charge, assign payment terminals for employees, and pay taxes quickly and easily.

Google Play

If they're sending without commission it might be a custodial wallet?

I also just went through all of this over the past couple of weeks too - I followed the same 3rd party tutorials as you did and without them I was totally stuck too. I also had the same problem as you did trying to get my wallet imported and just ended up making a new one with goal on an offline computer. In the end I actually think I prefer that though, since I can keep my participation node's private key offline as a completely air-gapped cold wallet and use my old wallet for future ongoing transactions.

The other issue I ran into which slowed me down a lot was SD cards. The first SD card I got (PNY Premier-X) kept failing after a few hours under the high write loads of consensus and would crash the raspberry pi. The second SD card I picked up (Samsung PRO Endurance) was made specifically for long term durability(like for dashcams), but it was too slow to complete fast catchup. The third SD card worked like a charm - this one if anyone's interested.

One question I couldn't find anywhere - is there a way to know if/when your participation node was actually ever selected by the consensus lottery for block proposal/voting? The mcgilldev tutorial mentions the general rate, but I'd be curious if it's possible to see how many times it actually did occur.

5,508,105,350.93 Algorand / 11,017,796 wallet =500 Algorand per wallet estimated. If we can send one Algorand to someone on our phone contact list like Celo and in order for them to claim the Algorand they will have to download the wallet app then we could hit mass adoption within months.

I've switched email to ProtonMail, cloud storage to Tresorit, LastPass Password Manager with 32 character passwords and LastPass Authenticator, soon to be replaced ba a Yubikey. And surfShark VPN soon too be replaced by ProtonVPN. Not cheap, but feel much better! Also now have a security lock box to keep seedphrases in.

As blockchains start to become more integrated into the real world, there will be more and more of a focus on utility over the current love affair with raw liquidity. A chain's ability to perform as a smart contract foundation for stable coins will become key.

A requirement off the bat is that chains need to support both USDC and USDT, because they form the vast majority of the liquidity that will be used for business (at least, until US CDBC rolls around, if ever). There are only 6 chains that currently pass this test. Algorand, Ethereum, Polygon, Avalanche, Solana, and Tron. Some chains like Cardano will never be able pass because it cannot do freeze and clawback, which USDC requires for regulatory reasons.

Of these, Algorand has by far the most performant smart contract execution engine. It is able to perform more swaps per second than Ethereum, Solana, BSC, Polygon, Avalanche, and Celo - combined.

Throw in immediate finality / non-forkability and sub 4-second block times and you have a combination that's hard to beat.

>at least 100Mbps connection (1Gbps recommended)'

It's fun to watch the network usage go down and up. For each block you get a rate spike. Right now the each spike reaches about 5Mbps, but it can spike quite high during higher traffic periods.

Here is a computer that meets the new recommended specs: https://www.amazon.com/Dell-Optiplex-Business-Desktop-Quad-Core/dp/B07R1NZRQ7

Nice to see this coming to Algo!

Stellar have had this for a while and have a decent blog post about it, for anyone interested - https://www.stellar.org/blog/fiat-on-off-ramps-and-cross-border-payments-on-stellar

Yup. Check your GPU and electrical cost here - https://www.nicehash.com/profitability-calculator/
It'll give you a pretty good estimation on how much you can earn with your setup. You just set it and forget it. You can download the mobile app too, and control your rig from anywhere, and withdraw from anywhere.

Nice art man! The Kudu.

What's this link mean? https://ipfs.io/ipfs/bafybeia7awefred3zt2k7seijrwc5i5qfgock3yaqw4632lzvcgf7kl6de

So it sounds like you did it correctly, mind throwing out some resources you used for others to follow if they're curious on making their own?

It shows that the Ripple case is going to win, and the banking coins are going to be where the money flows next.

It shows that their close connections to regulators over the past couple of years are actually paying off. They have had multiple closed door sessions with the people and groups that are drafting the legislation that will be covering the banking coins.

Algorand, Celo, Stellar, and Ripple are going to become massive.

This is in line with the information coming out of the IMF and BIS.

Are you speaking from experience or intuition?

> the expensive part though is the transfer speed

The bulk of costs is in storage which I estimated at about $300/mo give or take using an EBS or RDS.

Bandwidth is negligible relative to storage costs.

> aws charges a ton for data speed

Scroll down to data transfer section. Here’s a pic:

https://i.imgur.com/QwMVnd9.jpg

Same thing here in the Edge chromium browser. Its coming from the main js:

A client-side exception has occurred, see here for more info: https://nextjs.org/docs/messages/client-side-exception-occurred

The 200% sounds so wild, both so tempting and also terrifying. (I also chuckled at the Cayman Islands. It almost sounds unreal.)

But I ran the number through a calculator and put in an initial investment of 200 Algos and for 30 days. It came to 218.89 (vs 200.9377 in the wallet) by the end of the 30 day period. If you put in 1,000 initially, you'd end up with 1,094.43 (vs 1,004.688). Those numbers are pretty tempting but I'm also scared and not quite one to take risks.

Here's the calculator I used as a reference: https://www.omnicalculator.com/finance/apy

if this helps, I used Coda to build a twitter tracker on the Algorand team members a while back. Some other decent info on there. Not nearly as complete as what you've listed though! https://coda.io/d/Crypto_dTNS9brFabd/Twitter-Official-Team_suA58#Algorand-Twitter-Team_tusDx/r66

Damn, I should've gave you my referral link, just got my first referral and remembered about this thread. So if you haven't registered yet, you can use my link: https://www.coinex.com/register?refer_code=p29sz Would be much appreciated.

just an update on this

im mining on cudominer with rtx 3080 at 103Mh/s, converting to Algorand automatically. I already withdrew 20 Algorand so withdrawals are fine.

I wanted to ask a general queestion do u reckon its better to convert automatically or to collect ur eth up and then convert to algorand, in terms of general risk?

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also here's my referral code https://www.cudominer.com/?a=8nTrZwVDC :D

https://www.exodus.io/blog/algorand-staking/

It's somewhat like earning interest. Take a look at that short article and video I sent. I use the Algorand wallet to stake my coins. Already paying off nicely!

You are right. There is quite a discount on the compute if purchased as AWS reserved. https://aws.amazon.com/ec2/instance-types/t3/

It's not the biggest cost but still a significant saving!

Whether this makes sense or not depends on the length of the contracts.

Thank for your feedbacks, I got a lot of update for you all:
- Most noticeable: 2x1 widget layout
- Transparency background slider
- Improve setting page UI/UX
- Fix price inaccurate on Algorand EUR
- A lot of bug fix and performance improvement

Give it a try!
https://play.google.com/store/apps/details?id=com.rainyseason.cj

Also Algorand and Celo and ADA are all in the great reset paper and all of them are foundations which removes ownership. I feel we are in a turning point here but would welcome comments as I’m still working out what this means for us all ? ICP also a foundation it’s like a trust in financial world

Thank you! The fan is quiet too which is nice. Also, I swear it was $9 when I bought it haha

https://www.amazon.com/gp/product/B07WQWTZSD/ref=ppx_yo_dt_b_asin_title_o00_s00?ie=UTF8&psc=1

It was about 40 pre pump.. now more like 60 Algo, 15 amp, 5 eth, 5 Celo, 5 bright union (DeFi insurance aggregator), 5 yieldly, 5 ada.. will be adding more ada/eth link/xtz/ASA projects.. BTC is in my retirement acct via microstrategies stock.. I feel BTC is flawed and probably compromised as a crypto.. but my Algo bias has been confirmed lately

If you want to go a step further, also consider one of these to put your key phrase on. The last thing you want is to find out your papers survived the fire but water damaged by the fire hoses.

To be specific, the OS and the software can run on an SD card. You just want to put your data folder on an a solid state drive. This drive is a good option and works well for me.

If you run your node on an SD card it will corrupt pretty quickly, especially if you only have a 4GB pi. I know from experience :)

Get your algos on the official Algorand wallet, you have a minute by minute staking on it, plus it is a bit bigger: https://play.google.com/store/apps/details?id=com.algorand.android Here is the android link, enjoy

Also of note, a speaker who developed M-Pesa, the Kenyan mobile phone money payment solution requiring no bank that runs exclusively via a cell phone SIM card. (I can't help but be reminded of Celo here)

No Crypto is represented officially. But if MIT is backing it, Silvio is at least aware. And you can also bet Stellar and Celo are all over it, even if not represented.

For the first time in my life, I'm looking forward to hearing a bunch of MIT scientists, bankers, VCs, and developers discuss something technical. Shocking!

For comparison. I’ve set up two other wallets. One with Coinbase which charges huge amounts of “gas” (eth) to do anything. And a new one with Celo (Valora) which has delays moving from Coinbase and denies debit card transactions.

"My retirement plan is Algorand" Coffee Mug https://www.amazon.com/Retireman-Plan-Algorand-Coffee-white/dp/B08KFP5P56/ :))