Thread by @FaridRached

So I get asked about my opinions on Avalanche and other platforms/currencies almost daily, and I basically look at it like this:

'BAE'

Bitcoin - Global Reserve Currency
Ethereum - Global Settlement Layer
Avalanche - Global Reserve Currency ánd Global Settlement Layer

Why? ⬇️

Bitcoin is the only currency that comes close to being immaculately concepted. It's neutral, it's predictable, its more interesting than gold and other commodities and it's a great hedge. I expect many more countries and companies to add BTC to their balance sheet.

Ethereum has done an amazing job capturing the ethos of decentralisation and providing a platform for applications built with smart contracts. It has gifted the world many innovations, like the EVM, the notion of trustlessness and a new way of looking at digital ownership.

Ethereum has grown into a $500B network with $173B in DeFi TVL and has massively helped with the general recognition of cryptocurrencies and adoption of NFT's. Alternative platforms couldn't get significant traction for a plethora of reasons.

Until 2021.

Before Avalanche, I've always said that the only platform to have a genuine shot at getting more traction than Bitcoin and Ethereum should be:

- economically more exciting than Bitcoin
- at least or more decentralised than Ethereum
- offer 100x more performance and flexibility

When I discovered Avalanche in 2018 it immediately felt like a major breakthrough and the people who know me also know that I have been open minded and neutral towards any platform, from Polkadot and Cosmos, to Solana and Flow and everything in between.

Why Avalanche then?

Like the Internet 10000x'ed content compared to physical books, I believe digital value will do the same with the total amount of traditional assets that range anywhere between $500-800 trillion.

Everything that can be tokenized, will be tokenized, and new assets will emerge.

This can only be done with a platform that ideally is:

- infinitely scalable
- provides the largest possible canvas for developers
- stimulates decentralisation with relatively low thresholds.

Avalanche fits that bill as it innovates at the core of a distributed network, the consensus layer. Avalanche consensus is the biggest breakthrough since Classical consensus and Nakamoto consensus and basically takes the best of both worlds. More here: cryptoseq.medium.com/what-sets-aval…

Avalanche is scalable both horizontally and vertically and provides great flexibility from a design and software development perspective with it's subnets and custom VM architecture.

Builders need a huge canvas and Avalanche is a blockchain sandbox-like experience.

With my ongoing pursuit for decentralisation I felt that the world needed a platform that's able to facilitate as much full block producing validators as possible, and Avalanche makes that possible with 1182 validators today and counting.

Last but not least, from an economics point of view it balances both predictability and game theoretic incentives with its capped supply and burned fees.

All this doesn't mean I don't expect other platforms to grow too.

While the industry has made big steps the Web3 pie is still extremely small and all user adoption metrics will and should at least 100x from here.

In this quest for Web3 adoption it's all about tradeoffs for developers and not just from a blockchain trilemma point of view but also from a business development, marketing and community point of view.

In my opinion Avalanche provides the most attractive mix of benefits.

🔺