The crypto breakdown they do not want you to read: 🧵 BTC = Insecure & inflationary due to unsustainable security model. Captured centralized control ETH = Uncompetitive & will remain too slow. Ivory tower centralized governance USDT = No audit! Possibly the biggest fraud ever XRP = Totally permissioned & centralized, despite them fraudulently claiming the opposite ADA = The most decentralized chain is a ghost town. The maximum theoretical TPS is 18, so it cannot grow HYPE = Not "distributed" & trading is not on-chain, contrary to popular belief BCH = The "good guys" do not always win XMR = PoW is insecure; it would only cost $1M to 51% attack Monero for two weeks straight! CC = Not even crypto, credit for not pretending to be something they are not XLM = Totally permissioned & centralized despite their misleading claims HBAR = Permissioned & centralized, but honest about it SUI = The majority of the supply (80%+) is still controlled by the founders! MNT = L2 admin key can steal all user funds without delay! PI = Straight up scam; multilevel marketing, misleading claims, fake "mining" & financial/market manipulation ICP = Misleading use of terminology & small attack surface due to subnet-based design WLFI = Trump family controls the majority of the supply (75%+) POL = L2 Admin key can steal all user funds without delay! KAS = Uncompetitive without L1 smart contracts. Governance is centralized despite misleading claims ALGO = Still has permissioned elements, despite some community members denying it. Facing a sustainability crisis ARB = L2 admin key can steal user funds without delay! Outlook: BTC is now a meme coin, while ETH rests on its laurels. As the scammers & criminals laugh all the way back to the bank... That is how it seems when we only focus on the negative: When in reality, crypto has never been stronger, more decentralized & profitable through multiple legitimate use cases: Positives: Despite HYPE's less-obvious centralization, it shows a strong demand & Product Market Fit for crypto. As ETH also did during its heyday for DeFi. A torch SOL has gracefully picked up in the meantime SOL's problems tend to be overstated. As the network has been perfectly stable for over two years, the underlying technical issues have been fixed & SOL has always been fully permissionless & decentralized! The truth is not that bleak; there are countless more chains not mentioned here that can also help carry that torch forward Being included on this list is not, per se, a condemnation, as in some cases. We can even support the underlying chain for other reasons. Such as Hype for its revenue & SUI for their cutting-edge tech Progress: Many chains on this list are actively working to fix these issues, as I was once a SOL critic before they fixed their problems, too! This includes ADA, HYPE, BCH, HBAR, SUI, ICP & ALGO Financial Nihilism: If I believed that the majority of usage on the most used blockchain (SOL) was "fake" & that there was a massive conspiracy in place to hide SOL's centralization Then I would also be far more pessimistic in how I would view crypto; fortunately, that is not the case That is why the propoganda campaign against SOL does crypto such a huge disservice, as by discrediting the most used blockchain, it paints a much more pessimistic view of the space as a whole. Considering some of the problems the other major chains have No wonder so many turn to "financial nihilism" instead, or give up on crypto entirely Crypto's Hope: The future of crypto is decentralized, permissionless, fast, scalable & useful: Utility drives fees, which, in the long term, ultimately pay for security, decentralization & scarcity! What that means is that the most used chain in the long run will also become the most decentralized, scarce & secure chain. Plan accordingly! Changing the underlying financial system & the very nature of money was never going to be easy. We will likely still need to change our positions multiple times over before we reach the promised land Maximalism is the enemy of the free markets crucible, as it holds back meritocracy: Evolution demands we let the dinosaur chains die if they refuse to change ☄️ So, hold on tight, the road towards the financial liberation of the world will continue to be a bumpy one One we can stomach, with a strong foundation in crypto principles. That gives us a supreme hope & conviction that we are building a better future for all of humanity's children! ❤️