1/15) BTC is a purely speculative meme-coin with ZERO utility
ETH is also totally uncompetitive; as they sold their soul for L2 tokens & equity!
XRP is centralized & they are deceiving the public
So what is left? Plenty! Let's explore some options together with impartially: 🧵
ETH is also totally uncompetitive; as they sold their soul for L2 tokens & equity!
XRP is centralized & they are deceiving the public
So what is left? Plenty! Let's explore some options together with impartially: 🧵
2/15) SOL is more centralized compared to most due to high node requirements
There is also a long history of downtime (since fixed)
There are no permissioned elements! (no off-switch)
SOL is the leader in usage, by far, anyone who disputes this fact has lost their objectivity
There is also a long history of downtime (since fixed)
There are no permissioned elements! (no off-switch)
SOL is the leader in usage, by far, anyone who disputes this fact has lost their objectivity
3/15) TON's relationship with the giant Telegram app cannot be ignored
Giving it a unique ability to natively integrate with the app, leading to an adoption explosion
The sharding tech is promising but its true capabilities are too opaque, there are also other massive red flags
Giving it a unique ability to natively integrate with the app, leading to an adoption explosion
The sharding tech is promising but its true capabilities are too opaque, there are also other massive red flags
4/15) SUI is actually far more centralized compared to SOL
With a very low limit on the maximum amount of validators, sitting at 107 now
It also has one of the worst distributions in this era of "VC coins"
On the other hand, it is still permissionless & highly innovative!
With a very low limit on the maximum amount of validators, sitting at 107 now
It also has one of the worst distributions in this era of "VC coins"
On the other hand, it is still permissionless & highly innovative!
5/15) NEAR is also highly scalable like SOL & SUI
However, it manages to better preserve decentralization by utilizing sharding
At least theoretically... Since validator counts are still lower than SOL's
Thanks to sharding it is capable of both more scale & decentralization!
However, it manages to better preserve decentralization by utilizing sharding
At least theoretically... Since validator counts are still lower than SOL's
Thanks to sharding it is capable of both more scale & decentralization!
6/15) APT is a great competitor to SOL/SUI
Where SUI fails in my eyes: Economics & Governance
APT excels, as its economic model is perfect (tail inflation + fee burn)
APT has even implemented decentralized governance! A keystone for a truly decentralized cypherpunk future!
Where SUI fails in my eyes: Economics & Governance
APT excels, as its economic model is perfect (tail inflation + fee burn)
APT has even implemented decentralized governance! A keystone for a truly decentralized cypherpunk future!
7/15) ALGO is an interesting one
As it has achieved a similar degree of scalability compared to SOL/SUI
However, unlike SOL/SUI it has permissioned elements, making it far more centralized in practice
The promise of decentralizing in the future is why it is still included here
As it has achieved a similar degree of scalability compared to SOL/SUI
However, unlike SOL/SUI it has permissioned elements, making it far more centralized in practice
The promise of decentralizing in the future is why it is still included here
8/15) XTZ is a pioneer in on-chain governance
The only chain here part of the "old guard"
As you know I would not include non-scalable chains, XTZ is taking a unique approach here
Enshrined roll-ups! Even though there is a lack of vertical integration, it is still interesting!
The only chain here part of the "old guard"
As you know I would not include non-scalable chains, XTZ is taking a unique approach here
Enshrined roll-ups! Even though there is a lack of vertical integration, it is still interesting!
9/15) EGLD is the most technically advanced chain out of these
As its full implementation of sharding, makes it the most scalable chain in the world
Max scalability with max decentralization!
However, it is slower than non-sharded chains, this is the major trade-off for now
As its full implementation of sharding, makes it the most scalable chain in the world
Max scalability with max decentralization!
However, it is slower than non-sharded chains, this is the major trade-off for now
10/15) As you can see here, all chains have major trade-offs & flaws, nothing is perfect
Fight the urge to find perfection!
That is our primitive brain constructing a tribal/cult mentality around a particular community
If you fall into that trap, it becomes us vs. them...
Fight the urge to find perfection!
That is our primitive brain constructing a tribal/cult mentality around a particular community
If you fall into that trap, it becomes us vs. them...
11/15) Most social media does not help as it constructs a bubble of content that is extremely one-sided
This is where many people in crypto lose all perspective
Explaining how most think their small chain is way better than everything else...
Logically they cannot all be right
This is where many people in crypto lose all perspective
Explaining how most think their small chain is way better than everything else...
Logically they cannot all be right
12/15) I know this will trigger absolute rage from all the chains I did not shout out
Stop taking it personally!
A perfect example of cult dynamics causing insanity, but still...
Put it this way, scalability, decentralization & programmability are all hard requirements for me:
Stop taking it personally!
A perfect example of cult dynamics causing insanity, but still...
Put it this way, scalability, decentralization & programmability are all hard requirements for me:
13/15) I went down market cap & skipped all chains below 1k TPS & those without a VM...
So if you disagree with me about the need for these capabilities, then you understand why I did not include your favorite chain!
I also skipped everything with a modular scaling approach!
So if you disagree with me about the need for these capabilities, then you understand why I did not include your favorite chain!
I also skipped everything with a modular scaling approach!
14/15) This list is also incomplete!
There are plenty more viable alternatives to the top three
Not financial advice, my content is intended to get us to think about the fundamentals together
This knowledge can be used for investment, but truth-seeking always comes first!
There are plenty more viable alternatives to the top three
Not financial advice, my content is intended to get us to think about the fundamentals together
This knowledge can be used for investment, but truth-seeking always comes first!
15/15) Decentralization is tantamount to success!
However, without utility decentralization serves no purpose & does no real good in the world
Fortunately, we can have our cake & eat it too
BTC, ETH & XRP are pretenders, do not be fooled, the revolution thrives elsewhere now!
However, without utility decentralization serves no purpose & does no real good in the world
Fortunately, we can have our cake & eat it too
BTC, ETH & XRP are pretenders, do not be fooled, the revolution thrives elsewhere now!
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