Why ALGO Will Run The World And Be A Top 5 Coin

What is up? I am Crypto Mason and welcome back to the Crypto Mason YouTube channel. Shout out to the Gold Squad. We look for gold in every single aspect of our lives and we always find it. Now today we are back for another video. This is not a daily market update. This is a dedicated video on Algorand and why I think Algorand will run the world and potentially be a top 5 coin eventually. Personally, I already think Algorand should be in the top 3, um, and things like Dogecoin should not even be near the top 10, or Shiba Inu, uh, but Algorand should be in that top 10. We're going to talk about why I think that, um, and a lot of different stuff because Algorand has these big connections to the World Economic Forum Uh, it is a very, very crazy project. We're going to talk about their founder as well, Silvio Micali. But before we do, I need to be fully transparent with you. This is a sponsored video by the Algorand Foundation. Now this is pretty crazy because we have been talking about Algorand for a year now. As you can see, there is videos of me talking about this for a year. I've been talking about Algorand since the beginning of my channel. Now I need to make it clear, none of those previous videos were sponsored. This one is. If you do not see a sponsored tag or, you know, label, or you don't hear me say it, then it is not sponsored. My audience deserves full transparency on what is sponsored and what is not sponsored, okay? And that is why I will always tell you verbally, which means I'll say this is sponsored, or it will— or, or, and it will have a label on the video like the one in the top left that says this includes paid promotion. However, we've been talking about Algorand for a year, bro. I'm bullish without a sponsorship. I don't care about the sponsorship here. I'm bullish without it. If the cameras weren't on me, I would still be accumulating Algorand. So with that out of the way, let's hop into Algorand. They do have their massive Decipher event. This is what Algorand Foundation is sponsoring me to come out to the Decipher event. I will be in Dubai November 28th to November 30th. This is Decipher, this is their event. We're going to have Silvio Micali speaking, a lot of people from the Algorand Foundation. We've got a Kraken guy, Napster. European Parliament, some big, big speakers, um, and this is going to be a lot of fun. So make sure you come out. You could land a job here, bro. You could land a job. You could land like marketing deals or whatever. Uh, so come out, start planning your trip now because it is coming up on November 28th. Get those flights, get the tickets with the link in the description. I do have a link for tickets in the description. Um, I will be there so you can meet me and Megan we will all be there, uh, or both be there at Decipher. So let's talk about the Algorand token, man. 23 cents right now. This thing has been falling, uh, in the past month, just like everything else. $145 million worth of volume, uh, with the majority of that being on centralized exchanges. We do have 7.11 billion ALGO, uh, in the circulating supply. I do love how they only have 10 billion, versus like something like Stellar, which has 50, and then XRP, which has 100, uh, and then HBAR, which has 50 as well, billion. Um, but this is Algorand. You guys know this from me talking about it on my channel a lot. Uh, if we do go to the, the chart here, we have been charting this for a while as well. Obviously big all-time high at around, uh, $3.43 here. Obviously this can get back to $3, and it probably will in my opinion. But we have been on a very, very, very big accumulation, uh, dump right here, or sideways action. As you can see, potential for us to come down all the way to 10 cents in my opinion. And I will be accumulating the whole way through. My algo bag is packed, and I do believe in this thing long term. They are setting up for the long term, as you will see, uh, with a new piece of info that I actually have for this video that I've never really talked about. Very cool piece of info. Stay tuned for that. But this is the current price action on the daily. If we do go to the 4-hour, uh, we do have the World Cup on right now, and you guys know, uh, Algorand is the official partner with FIFA. They launched their FIFA Collect Plus or FIFA Plus Collect platform, which is an NFT platform built on Algorand. So literally direct partners with the FIFA organization. They're sponsoring the World Cup right now. We're on day 3 of the World Cup. And of course, Algorand dumped on the beginning of the World Cup. This is very expected to buy the rumor, sell the news type event. So definitely would dump on the first day, but we do have a month left. Of the World Cup to anticipate some potential pumps. Maybe it does nothing, maybe it keeps going sideways. I don't give a shit. I am stacking Algorand for years to come. Now let's talk about— so, and by the way, Algorand is my 5th biggest holding. This is my top 10 crypto holdings right now by dollar amount. And yes, this is still accurate. This is from October 25th. This is still accurate. Algorand is number 5, right under HBAR. And right, uh, yeah, right under HBAR and then above LINK right there. Let's talk about this new piece of info that I have found. So I was doing my research on Algorand, uh, on massari.io right here, and they do have a regulation section. Now listen to what this is, bro. This is a very, very valuable resource for you guys. They say that the Securities Framework asset ratings of the Crypto Rating Council attributed, attributed the score of 2 out of 5 to Algorand and provided the below summary. So the Crypto Rating Council is a council that rates cryptos on how much of a security they are, basically, or how much the likelihood that they will be attacked, uh, by the SEC is. Okay, now these are based on the Howey test, uh, the Howey test prongs right here. But they said 3 things: the sale of the token or token interests after the system had existing utility. So what this means is Algorand made sure that Algorand, the ALGO token— or sorry, Algorand made sure that Algorand had existing utility before the sale of the token. Okay, so they made sure the utility was there, and then after that they launched the token. So many projects right now are launching a token to fund utility. So the, the project does nothing at all, right? They have nothing built, even some of these, but they launch a token, the token brings them in a lot of money, and then they build stuff. right? And that can technically make you a security, right? So they did this well on that end. Number 2, they had the absence of investment-like language or marketing. This is very important. So when Algorand was coming out with the token, they did not, uh, call it an investment or say buy this, it's going to go to the moon or whatever. There was no language like that or marketing like that. Now that's very hard to do when you have a token that you want to sell to the moon, right, basically, and fund your project. They didn't do that. They're taking these smart approaches. Number 3, they had decentralized development efforts. Okay, so the development was decentralized. The community basically built the project. So 3 little great pieces right there on why Algorand will survive, um, and be one of the rulers of this space. Now the other thing is, if we look into the launch— by the way, Messari, sponsor me, bro. I want to be sponsored by Messari. They— the website is just amazing. It has all the info you need. So here is another point on why Algorand is going to be here forever, or for a long time. In the ICO— so it is a negative that they did do an ICO, but it was completed by a Dutch auction. Um, which probably there's some smart people advising them to do it in that way. But this is a key part: United States citizens were not permitted to participate in the sale. So nobody from the USA was able to participate in the ICO. Why did they do that? Well, it's very obvious. They are trying to avoid the SEC coming after them. Okay, now another project that I know did this was Cardano. Who also did not allow United States citizens to partake in the sale. They actually focus more on Japan, I believe, and the majority of Cardano ICO buyers were from Japan, uh, if I'm not mistaken. So this led me to another very useful resource, which is the Crypto Rating Council. I did not know this existed before today, and right here you can see the, uh, 2 rating of 2 on Algorand, uh, for if it's a security. And this was last reviewed on in 2019, so 3 freaking years ago, right? A lot of these are outdated ratings. And if we go through, we will see some very alarming things. We will see some very alarming things, okay? We will see Cosmos at a 3.75, MANA 3.75, Uh, HBAR 3.75. We will see who else. We will see some really bad ones. XLM is a 3.75. XRP is the highest rated on this thing and it's a 4. So even they identified on August 14th, 2019 that XRP could be attacked as a security. Very crazy stuff. I wish this— these people would update their ratings because I guarantee you the HBAR rating would go down to about a 2 or a 2.5. HBAR rating would definitely go down, uh, since they open source their all their technology. They— the patents are expiring, uh, they built the HBAR Foundation, which is something they didn't have. Algorand has had that foundation. And speaking of the Algorand Foundation, they literally have pages on the World Economic Forum website. They are official partners with the World Economic Forum. Uh, they also— one of their chief operating executive or chief opera— chief operating officer also has his own page on the World Economic Forum. Okay, so this— let's look at the, the ecosystem, right? This is the ecosystem, uh, the Algorand ecosystem overview. We have NFTs, tools, service platforms, DEXs, environments, Uh, uh, sorry, in just environment, like, uh, like the freaking world environment, uh, like green coins, like PlanetWatch. We've talked about PlanetWatch on this channel before. Financial services, they got everything. Social, metaverse, etc. Okay, everything. If we go look at the website as well, they have this beautiful page where they show some of like the ones to highlight. They have the NFT marketplaces, they have Algofi, which I've actually tried out Um, on here, this is the DeFi hub for Algorand. Um, so you can get started farming and staking your Algorand right here. If you click get started, it'll bring you to the app. Um, and then you will have to connect your wallet. So the MetaMask of Algorand is called AlgoSigner, uh, or MyAlgo, or any of these. You can actually connect with a lot of these, right? ParaWallet, MyAlgo, Fireblocks, even Exodus. Even so, we— they do have, um, some different staking things you can do, swap, pool, zap, etc., vault, govern. Like, this is the hub for DeFi on Algorand. But the point here is that they have an expanding ecosystem. It is growing every single day. So let's talk a bit about the founder. All I need to know about the founder, man, is that he was an MIT professor. This guy worked at MIT alongside Gary Gensler. We know that Gary Gensler taught a whole course on blockchain and money at MIT. At MIT. And this is one of the greatest courses to— you can— dude, why do people go to college? On another note, why do you go to college if I can watch hours? What is this, probably 25 hours or more? Yeah, definitely more. Like 30 hours, um, of a blockchain course from MIT. Like, dude, he's talking to— look, like this is a class. These people paid to be here. I'm not paying. I'm watching the whole thing on this. Side note, okay, but he taught— am I, uh— Silvio taught alongside Gary Gensler. We have proof with this clip that I'm going to play right here. Gary Gensler actually calls Algorand a great technology in this clip and says he works alongside Silvio Micali. So let's check it out. Here we go.

So governance is tough. You could create Uber or Lyft on top of a blockchain technology today. Uh, well, maybe in 5 years you could. It would have the performance. Uh, Silvio Micali's Algorand, uh, who's a Turing Award winner at at MIT that I work with. Um, Silvio's got a great technology that has performance. You could create Uber on top of it. The question is then, who would update the software?

What he just said there is crazy, dude. He just said basically we can't— we're about 5 years out from building Uber on top of the blockchain. But then right here, he remembers. Look at him, he remembers that, oh, I work with this genius Silvio Micali who built Algorand, and that can already happen. Uber can already be built on Algorand because of the high performance of Algorand— 6,000 TPS, green, sustainable, fast proof of stake, decentralized, etc. He realized, damn, yeah, you can build that on Algorand. It's already been done. Algorand is 5 years ahead of its time. Gary indirectly is telling you that Algorand is 5 years ahead of its time. This clip was in 2019, um, and then at the end it's very interesting because he says the question is who's gonna update the software, right? Who's gonna update it, dude? Validator nodes. Validator nodes and voting. Um, obviously Gary is probably a proponent of having the government be in control of that. But that's another story. So the Silvio dude, he's been on Lex Fridman as well. This was a very good podcast. I watched some parts of this. Uh, very, very smart guy. He's won many awards. Um, and I mean, I compare him to Lehman Baird a little bit on— and David Lehman and Silvio, dude, big— just excuse me— genius trio. And Charles Hoskinson as well. Some of these dudes are just geniuses. So that is all we've got for this Algorand video. Make sure that you guys come out to Decipher if you can make it out. Um, but thank you once again for Algorand, uh, sponsoring this video. You guys will continue to hear about Algorand for the rest of the time that I hold Algorand for, right? That is a main coin that we cover on this channel. Once again, reminder, if you don't hear me say that it's sponsored and you don't see a paid partnership label, then it is not sponsored, okay? I am legally required to disclose to you when a video is sponsored. So if it doesn't have anything saying that, it's not sponsored. I did not get paid anything for it. So that is all we've got. I love every single one of you. Join the Gold Squad Discord, and goodbye.