Thread by @WesleyBKress

(1\21)Media or those w/ limited understanding of how value of networks operate at times make headlines “GOVT or XYZ company can build their own blockchain making everything worthless" This is a logical fallacy $EGLD $DOT $ALGO $ADA $AVAX $SAITO $LUNA $SOL $MATIC $ETH Explained👇

(2\21) This debate is not a new debate when a network with “disruptive technology” has occurred in the past. It’s important to understand that what makes a network valuable is the participants on that network, not only the technology. In fact if you have the best

(3\21) technology but no participants it means you really don’t have much. #Adoption is key. The telephone was not very valuable initially as adoption didn’t happen overnight. Another way to put it is the size of the network (number of participants was limited). Ways in which

(4\21) analysts or academics look to measure or quantify the value is through something called Network Effects. In my 44 page research paper & investment thesis on $EGLD 32prosperity.medium.com/is-elrond-netw…

(5\21) I discuss about Metcalfe’s Law researchgate.net/publication/27… & Network Effects

(6\21) model by #NFX See the visual here & video discussing these elements

So we the people have the ability to influence or shape the future by choosing to participate in network models that create fairness, equitable opportunity,

(7\21) & inclusiveness. As we the people are part of the value proposition of the network. This is powerful. While Many networks have discussed about doing this, its contingent on their design & implementation. I discuss on why #Decentralization is the key but not only as it

(8\21) relates to #Censorship resistance but also equitable opportunity & value sharing. Please see more here:

https://twitter.com/WesleyBKress/status/1422060921258577924?s=20

As humans we are wired for survival. Our Psychology constantly is scanning the environment for

(9\21) threats. Mass Media understands this & exploits it. Everyday you see mass media outlets discussing how #Cryptocurrency is the problem but in life nothing exists in a vacuum so imagine making those headlines yet if one looked deep enough they would discover the truth:

(10\21)

https://twitter.com/WesleyBKress/status/1419692057052864513?s=20

There is no coincidence that most of the headlines around a new technology such as #blockchain or #cryptocurrency is continually shut down or brushed aside as worthless. Please see all these newspaper

(11\21) headlines discussing the internet in the 1990’s. Change is the only constant in human evolution & technology will continue to accelerate in the next decade. It’s important to understand history not because it exactly repeats but things occur in a similar fashion &

(12\21) through this education it neutralizes the constant fear mongering of Mass Media designed to exploit you. This is why education is so key, its’ the great neutralizer to irrational & emotional decision making.

When the internet network was working on much of its more

(13\21) accessible & usable forms that we see today such as the internet browser moment in the late 1990’s during that decade there was endless debate about how the internet would be private & the public internet would never make it, “they would never allow this”. Again this

(14\21) thought process is a fallacy as we the participants determine which framework succeeds not the technology alone.

With that said all major smart contract blockchains are in fact or should be trying to work together via interoperability not the opposite. So why all of

(15\21) this #Maximalism? Because humans are Tribal by nature due to survival. We joined tribes as a way of surviving historically. The point is to realize that we should be working together to pave a new path forward. The @ElrondNetwork led by @beniaminmincu always reiterates

(16\21)they are not an $ETH killer, $DOT & @gavofyork designed their architecture as bet against idea that one blockchain would rule all. KEY here is making sure that we are setting the highest standards possible for the PEOPLE as we pave this path changing functioning & value

(17\21) exchange online. Reason I have initiated predominant coverage on $EGLD (Protocol) & $CEL (Application layer) is because of all the projects I have analyzed in my 1,000+ hours have both the technological capacity of honoring decentralization & equitable opportunity & value

(18\21) sharing, & have designed everything around the PEOPLE. Much have been theorized in the space but few have put it into action and design the way they have. We the people must hold these projects accountable to designing elements with the people as the primary focal

(19\21) point. If you want to know the logical reasoning please see this thread here:

https://twitter.com/WesleyBKress/status/1416801052360278018?s=20

Stay educated & don’t make emotional decisions :) Neutralize the exploitation of Mass media via awareness of our implicit

(20\21) survival design & seek education/clarity.

https://twitter.com/WesleyBKress/status/1416157348159270920?s=20

Elrond has always been consistent in their communication that they are interested in collaboration & cooperation. Despite incredible technological breakthroughs

(21\21) which makes them the most Interoperable blockchain to date & solving the UX/UI issues that plague or prevent mass adoption Elrond see’s themselves as lifting all Tides & In best position to follow through with this $EGLD:

https://twitter.com/wesleybkress/status/1420647215551242242?s=21

** Web 1.0 was dealing with Commerce, Web 2.0 was dealing with Social Media & Web 3.0 is dealing with #Decentralization & the possibilities to completely re-invent digital value ownership via blockchain if designed correctly, & empowering the people & shift wealth opportunity.