Thread by @beniaminmincu

1/ Elrond is building something new.
As things grow, trolls come along.

Most times you focus on building & simply ignore trolls.
But sometimes, you engage to clarify things.

The only way to win is through facts, good will, and most important, *more progress*.

2/ It is in trolls nature to dwell in the shadows, taking clear and well known facts, and distorting them for different agendas.

But truth has a way of coming to light. When it does, it will either set them free, or leave them harmless by disarming them.

3/ At Elrond, we encourage everyone to examine the facts, and engage in thoughtful conversations.

*It helps to be kind. Going the extra mile is how Elrond grew to such a large community.*

It's what will keep Elrond growing.

Time to take a look at the Elrond facts.

4/ (1) Elrond has one of the most hardcore teams in the space. Engineers, researchers, math olympiads and entrepreneurs, w/ PhD in CS and backgrounds at companies like intel, microsoft, google, ntt data, joining forces to push blockchain to the next level.
elrond.com/team

5/ (2) Elrond has a large, distributed, and passionate community. 18 languages, more than 30 countries, hundreds of thousands of people, sharing the goal of bringing a breakthrough technology to the market and contributing on a daily basis.

6/ (3) The Elrond team & community have built one of the most scalable blockchains in the world. It is LIVE, open source, and is used by many people and projects around the world.

Github: github.com/ElrondNetwork

Explorer: explorer.elrond.com

7/ Elrond has a fairly wide distribution. There are new users joining the Elrond community every day. To help, to build, to contribute.

Transparent stats about accounts, usage, and holders, including exchange holdings can be viewed below:
growth.elrond.com

8/ Nodes in Elrond had a cost of ~$500 when we first began work. But with healthy progress & adoption, the value of $EGLD grew. And so, node prices grew as well.

But not all users want nodes. This is why delegation is open and easy for all users.

9/ Elrond was built on the principle of progressive decentralization. First, you have to build a robust technology, maintaining a sufficiently decentralized & sufficiently agile pace.

Only after this technology is built, is it useful to proceed to full onchain governance.

10/ Due to its unique distribution, Elrond was from the outset more widely distributed, open, and decentralized, than Bitcoin & Ethereum were at their inception. Satoshi shared his vision & code with a few people at first, same with Vitalik.

But over time their communities grew.

11/ Indeed, Elrond started with a larger community than BTC & ETH, and it's now more distributed & decentralized than 99.9% projects in the space.

With phase 3 staking, we are transitioning to *full decentralization* with the network run entirely by the community.

12/ Going one step further, the top 10 largest accounts in Elrond are exchanges. As they are in almost any other blockchain.

Over time, lots of people deposit money on exchanges because they want to, well, exchange them.

Exchange accounts verifiable:
growth.elrond.com

13/ The Elrond ecosystem is advancing at a rapid pace, onboarding many new devs and projects. In fact we have more than 120 partners integrating or building on the Elrond network. elrondpartners.com

14/ Perhaps the most exciting hypergrowth trajectory is painted by @getmaiar, the social money app, just launched on Elrond.

In less than 2 weeks, more than 183k users have joined, more than 200k accounts have been created, and more than 1.5 million tx have been processed.

15/ This app is the best stress testing tool for the Elrond network: distributed DNS, attestation, meta transactions, all built and now live on the Elrond VM.

The intuitive simplicity and deep technical integration of @getMaiar, will enable us to onboard the next billion people.

16/ Elrond is here to stay. Having all these elements live is remarkable.

Open source, auditable and verifiable by anyone in the world.

It’s why we believe Elrond will power the internet of money.
elrond.com/blog/its-time-…

17/ To be clear, Elrond is not a bitcoin or ethereum killer. This is a zero-sum, loser’s game.

We are complementary to both, aiming to bring in the next major wave of adoption that will benefit the entire ecosystem.

18/ Earth needs a new financial system.

This is our goal with Elrond & Maiar.

It’s not about patching a broken zero sum financial game, but creating a new positive sum game. Digital, decentralized, and open to anyone in the world.

There is no competition.
Every effort matters.

19/ This is the time build. This is the time to grow.

But alas we should not worry too much about trolls.

It's facts, kindness and more progress, that will push things forward.

And at Elrond, we will strive hard for all of those.