Thread by @ercwl

ok non-trolly pulsechain take:
- it’s stupid as hell but it’s not a rug
- it’s unapologetically one of the most enthusiastic defi communities
- 200 projects build on it without any grants
- end of day it’s an EVM chain like any other but with a strong community of supporters

- yes it raised a gross amount of money and delivered a product that is technically equivalent of what you can buy on fiverr for $50-100k
- yes it’s a pos chain with 90%+ of the stake controlled by 1 guy so the whole thing basically has an admin key

- yes the ”free airdrop thing” is bs
- yes the ”lower fees! more burn!” pitch is basically scam because they’re two sides of the same coin. if you have low fees, you have low burn. you also don’t have high burn without being expensive af
- yes it isn’t ”faster”, just copy-paste

if you’re a pulsican and you can’t understand why someone is criticizing this project, it’s obv because it has been so aggressively overmarketed and it really has nothing to do with ”decentralization” when the founder insists on owning ~all the supply

that said your chain, community and projects may still have a future.

i would not personally advise anyone to build on a chain with core devs that take 2 yrs to copy paste ethereum (although this includes an understandable delay from the BSC-fork PulseChain that never launched)

but if we zoom out & take on the perspective that this is basically a trailer park cult that is coordinating financial activity between themselves over an EVM-fork, that’s pretty badass

even if centralized & technically equivalent to a pair of ”beats by dre” on a bangkok market

i mean, if you think about, there are *so* many worse things a trailer park cult could be doing

in any other age, they would have been selling herbalife products to eachother and trapping eachother in MLM schemes. now they’re just running a centralized EVM fork!

and in fairness, here’s something this trailer park culture *didn’t* do:
- lose everything on blockfi
- lose everything on luna
- lose everything on ftx
- lose everything on voyager
- lose everything on celsius
- dox themselves in any of these

as far as crypto cults go (half of us are getting liquidated trading PEPE perps with leverage) they’re actually in the lead…