Ali⚡

🧩 $USDC supply on Algorand keeps climbing, from $57M to $63M in 5 days 👀 Hedera lost $1M.

Huge thanks to everyone for your messages, you can't imagine how much it means to me! 🫡 But I also really want to give a massive shoutout to ALL of you and just say how important the $ALGO community truly is. Every like, RT, comment, and bit of support you give means more than you can imagine for any creator or project within the ecosystem! Tbh, I can't stress enough how important community support is, no matter how active you are. There's no better ambassador for Algorand than its own community! We're all focused on Algorand's success and the recognition the chain deserves! Every interaction we make on socials, every piece of feedback to builders, every review (for projects on the App Store, Google Play, Steam, etc) truly matters and contributes to that, helping give the ecosystem more visibility! So a huge thank you to all of you! 🔥 Exciting times ahead! WȺGMI

🧩 Algorand has now a bigger $USDC supply than Hedera 🫳🎤

We must reject all centralized "blockchains"! This includes Ripple, Canton, Stellar, Hedera & Algorand Centralization is not the future of finance; requiring permission from an authority is not decentralized! Do not be fooled by their lies, as the truth will set us free: 🧵 Ripple: Has a "Unique Node List", which makes the validators effectively permissioned. As any divergence from this centrally published list would cause a fork, effectively giving the Ripple Foundation & company absolute power & control over the chain Canton: The validator set is totally permissioned! Stellar: A similar set-up to XRP, except that they call it "recommended Tier 1 organizations," which is published by the Stellar Development Foundation. However, just like XRP, a high overlap is required, or you risk forking off the network. Effectively putting the power in the hands of the list creator Hedera: The validator set is totally permissioned! Algorand: The "relay nodes" in ALGO are still totally permissioned. Despite validators being permissionless, anyone now has the option to run a "participation node" after they recently implemented a P2P network as an alternative means to propagate TXs. Which means the relay nodes can no longer act as gatekeepers. However, it is unclear how much removing them entirely would affect performance today. Possibly making them a necessary aspect of ALGO's current design Forms of Consensus: Within a blockchain context, there are only three forms of consensus: Proof of Stake, Proof of Work & Proof of Authority If a blockchain does not use PoS or PoW, it is, by definition, PoA! As this was fundamentally an unsolved problem before blockchain came along, which solved this problem through the use of token-based incentives, either through stake or work Anything that does not fit that consensus model is instead fundamentally based on authority/trust. In the case of XRP & XLM, it is important to keep in mind that choosing who we trust is not the same as trustlessness! Binary Choice: A blockchain is either fully permissionless or it is not. ALGO has permissioned elements in its design, so it is still "centralized". A crude way to use language, but we do still need understandable schelling points in crypto. As decentralization is a spectrum, permissionlesness is only one element of that bigger picture. However, personally, any permissioned elements are a deal breaker for me, as it is so anti-thetical to the ethos of crypto that it defeats its entire raison detre Institutional Adoption: Much like the early internet, big institutions are uncomfortable using fully permissionless, public & decentralized networks. So, much like the early internet, those institutions will be left behind. The big winners are the crypto natives. That is true historically & it will also be true in the future too. The big winners during the early internet were the newcomers, not the old guard, for the same reasons we see playing out in crypto now Conclusion: The future of finance is decentralized & permissionless. If you cannot understand that, it is fine. There are other options for you on the free market But let's not pretend as if these chains are really playing a part in this revolution. Quite the opposite, centralized "crypto" is a distraction that only slows the goals of our movement down So, if you care about crypto. Reject these permissioned chains & demand they decentralize. In the meantime, we should vote with our feet & support chains that carry our movement forward towards its intended goals instead Credible neutrality, censorship resistance, privacy, immutability & more can only be achieved on a fully permissionless & decentralized blockchain That is the revolution we were promised & that is the future we can now bring about with the choices we make collectively Crypto is on the right side of history, disrupting power away from centralized authorities to help create a freer & more equitable world! 🔥