$ALGO - This is an important thread. Try to follow.

This asset on the Algorand Blockchain is a digital Euro. bit.ly/3pNJSBA

This is the "manager wallet" that configured the Euro: bit.ly/2NmQutL

Read the full thread 👇👇👇
If you look at the manager wallet you can see that the wallet has also been transferring an asset called $ARK - or ArkWorks - The entire circulating supply of Arkworks stemmed from the manager wallet linked above.

See the Arkworks asset on $ALGO here: bit.ly/2ZGc8f2
Not knowing what Arkworks was, I searched the Github found here: bit.ly/3kdcwuM - And this is where things get interesting.

One contributor to Arkworks is huitseeker, AKA François Garillot, Software Engineer working on Diem/Novi, Facebook's Digital Wallet & Crypto.
You can look at the contributors to Facebooks Diem/Novi blockchain project here: bit.ly/37ClsF5

You'll notice Francois Garillot is a contributor. So the wallet that created the Euro on $ALGO also created ArkWorks on Algo. You can verify this here:
In conclusion - $ALGO and Algorand have two assets on their blockchain, the EURO and ArkWorks, which seem to be related and are possibly connected to Facebook's Digital Blockchain Project Diem. They are both members of OMFIF/DMI. If anyone can explain this away please let me know
This article is from a week ago: "Diem bridges banking and crypto worlds". If my theory is correct $Diem is likely to be a stablecoin that is interchangeable with any type of digital fiat, interacting with different CBDC's via Algorand.


And for those who do not know: Christian Catalini, chief economist at the Diem Association and co-creator of Diem, is also an economic advisor at @Algorand $ALGO @Facebook $FB

HT to @wgblondel who brought the $EURO wallet to my attention.

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with T-Paine

T-Paine Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!