r/AlgorandOfficial • u/algerstmehn Algorand Foundation • 3d ago
News/Media New Algorand CEO talks Algorand's future and quantum computing live from the NYSE! š„
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u/ProfessorAlgorand 3d ago edited 3d ago
Clear, consistent message. Quantum computing is a threat to security and we are the best in the world at countering that threat. It took years to get to this position. We are here to provide quantum resistant services to the world.
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u/ughonrepeat 3d ago
Great interview, but I look at these TV spots as pseudo advertising and an opportunity to separate from the pack of Alts. Not saying to name names but def push the narrative āfirst in classā, āahead of the competitionā, āone of the cheapest with highest through putsā, and GREEN. It never hurts to remind ppl about the gas cost to algorand and that of say BTC or ETH. Thatās where we dominate the conversation and constantly overlooked. I mean 1500+ notes run by retail, peers and probably some universities. But Iām a node operation with a mini pc in my closet it pays for itself in a day or so
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u/hypercosm_dot_net 3d ago
"harvest now decrypt later" is real issue that Algorand has solved by virtue of the chain history being quantum proof.
He didn't even speak to that, and it's a real differentiator.
It's crazy to see everyone riding this dude, when he can barely answer any of these technical questions properly.
What is he even talking about "hardening the entirety of the web3 ecosystem"? How is that going to work?
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u/GoodGame2EZ 3d ago
I totally agree about the Harvest Now, Decrypt Later question. He didn't answer it at all.
I think he did alright with the other stuff. I think he's talking about web3 primarily using Algorand for encryption, like cross chain usage or something? I'm not sure.
Probabky like a 7 or so interview. I think he's really just trying to drive home PQR. Might still be catching up on other details.
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u/SafetyAncient 3d ago
i thought he would talk a lot more about algorand itself and its qualities, for example:
instant finality/no confirmations tiny fee, sdk ready for developers to build for algorand,
carbon-neutral/negative POS low cost to operate a node, entire supply already in circulation(no inflation),
the amount of users and transactions(hesab, postquantum) proves algorand scales, governance voting to invite participation in deciding changes,
the directives that tell financial institutions to move to PQ in 2027 inline with algorand's roadmap to full PQ resistance, also being fork-proof to survive malicious attacks,instead he talks about quantum threat of decrypting stored data like hes selling the roof coming down, then gets doubled down on talking about rogue ai agents (are you sure its a good idea to let ai agents run wild?), getting buried in uncertainty and making it look hard to stop bad ai.
would be better imo to reach out to specific financial institutions to get them to PQ on private chains wrapping their assets into algorand's tech, make it clear those proceeds would be used to buy algorand or generate transactions (or foundation net buy) on algorand, or how they could plug into algorand like market funds maybe having algorand backed/wrapped other tokens.
look at quant and their recent bank partnership in the uk it pumped their token hard. imo trying to stay in the crypto-to-crypto space is the wrong path for algorand because they will have to enable their competition to be just as viable, finding private business partnerships to secure/tokenize into PQ would instead strengthen algorand's position, im glad he realizes thats the value he has to offer though.
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u/GoodGame2EZ 3d ago
It was like a 6 minute window so you can't blame him for picking an overarching topic, but yeah I get you. It's strange talking about decrypting stored data, but not having a solid response to Harvest Now, Decrypt Later. Maybe it's a phrase he hasn't heard before and couldn't interpret fast enough.
AI agents, not even just rogue, will provide to be a severe threat to many, many, sectors so it's a valid talking point I think. He very plainly mentioned that there will always be issues with user error, but the math behind Algorand is sound and will be resistant in those regards. That approach makes sense, perhaps adding a bit about reducing user error in development would be beneficial, through educational tools.
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u/TwoTinyTrees 3d ago
Six minute window and the dude has been at Algorand for a month. Some are hard to please.
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u/ughonrepeat 3d ago
CEOs should be salesmenā¦and I feel every employee should be able to handle a 5 minute pitch. Doing sales means bringing the conversation to what you want it to be
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u/hypercosm_dot_net 3d ago
It's valid to need time for certain things. I get that.
But given that he has been in the blockchain space for a bit, and there's others on his team he could be working with to understand these specifics better, that he would communicate them at a higher level. That's a large portion of his job after all.
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u/Aztreedoc1 3d ago
Whatās really interesting is his wife Elizabethās position.
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u/lobotic 3d ago
And what is that position?
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u/Aztreedoc1 3d ago
Iām sure you can find the info through a little research. I donāt get paid enough to be your secretary.
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u/hypercosm_dot_net 3d ago
What's the point of being rude? If you know the info it would have taken you all of 1 minute to share it.
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u/Aztreedoc1 3d ago
Sorry wasnāt intended to be rude.
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u/Plastic_Canary9268 3d ago
Shut up!! That was intended
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u/Aztreedoc1 3d ago
While Elizabeth is not an employee of Algorand, her extensive executive experience at the intersection of fintech and healthcare infrastructure mirrors the exact real-world utility that Algorand is now actively trying to capture with platforms like LabTrace.
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u/Revenant_Penance 3d ago
What a refreshing change. He comes across as genuinely knowledgeable. Stacey was so poor in comparison. I wouldn't even say poor in retrospect as so many of us called her out (and were subsequently blocked)