This is how many blockchain projects work: lots of hype, lots of technical-sounding claims, partnerships with companies too embarrassed to say they were duped, and no actual working novel system, just smoke and mirrors around old tech.
cnet.com/roadshow/news/…
They literally used a concealed cable to pull a non-working truck. The central tech didn't exist, it was just a rebranded gas engine.
Meanwhile, we have seen crypto projects that just rebranded old protocols from 1999 as if they had a new invention. We've seen centralized coordinators, equivalent to a concealed wire. Best of all, we are beginning to see systems that don't even tolerate Byzantine faults!
Like Nikola did with Tesla, all of these projects make strong claims, use the exact same language as the genuinely innovating projects, and mirror their every move.
Just look at the projects that are aping Avalanche, down to the postponement of their sales.
So, do your research carefully, and most importantly: look under the hood!
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.