Thread by @TheCryptoLark

So #pulsechain is launching soon

Thread

In total more than 700 million was "sacrificed" for Pulsechain, because you know, it is not a token sale, it is just free speech.

The term sacrifice might make you think these funds were burnt. They weren't.

65,000 ETH have been withdrawn

etherscan.io/address/0x9cd8…

But sneaky sneaky, 700 mill was not the end, it total it seems that more than 14 billion were raised. Predominantly in HEX. Stunning figure considering 3 or 4 days ago it was 700 million. That is pretty interesting isn't it? Who would have 13 billion in HEX laying around?

Probably Richard. The majority of the pulsechain "airdrop" will now go to Richard, like 90%. He also gets to bag the millions of USDT, USDC, and ETH "sacrificed", lol. And reclaim all of his own HEX he put in. I am sure all of this will be very difficult to prove. But wow....

But all of that aside, will Pulsechain go on to great success? Well people sure do love Richard. There are literally people calling him Jesus because Hex mooned so hard, those same thirsty investors will hope for a get rich quick round 2 on Pulsechain.

But now we start to run into reality, beyond the rabid fan boys. Who will actually build on Pulsechain? It is one thing to launch a token like HEX and get people on board to lock the tokens and ponzi the number higher. It is another to build an ecosystem.

Many have tried before to make a faster Ethereum, and yet none have taken the mantle. Not to say Pulse needs to "kill" Ethereum to make you rich. But actually attracting TVL and devs in a highly competitive blockchain environment is hard.

Ask the dozens of other chains launched by highly talented well funded teams who are pushing real and meaningful innovation how hard it is!

Then we must question with Richard's mixed repuation in the crypto spac, how many actual builders will choose to come and build on Pulse?

Probably not many, IMO.

Most will keep building on more reputable platforms like Polygon, BSC, and Polka Dot.

Because this is crypto this coin could do very well, because enough naive people just don't care.

But RH will likely control the vast majority of the supply, and building a real network effect will be very hard beyond the initial hype.

Be careful

Majority of the comments from supporters are character attacks on me and do not address the 13 billion or how to build a network.

Ironically this why pulse will probably pump hard

Crypto is crazy