Is Bitcoin the Emperor With No Clothes? 👑
Bitcoin maxis, avert your eyes.
🔍 @Justin_Bons has consistently dropped bombs on BTC
“Bitcoin is technically one of the worst cryptocurrencies.”
“Its security model is broken and doomed to collapse within a decade.”
Too harsh?
Brilliant post and clear measurement @Justin_Bons, just to add to what you've said about NEAR's scalability
With NEAR sharding powered by Nightshade 2.0, it can dynamically add capacity and scale with demand, ensuring the network grows as usage increases
Currently,
NEAR is the sharded blockchain, positioned to host hundreds of millions of transacting agents.
According to @justin_bons its design makes it the #1 most scalable blockchain of any that currently exist 💪
Thanks for the shoutout Justin!
🚨BREAKING🚨: $NEAR IS @JUSTIN_BONS TOP CHOICE IN THE SCALABLE CATEGORY ON HIS 2025 CRYPTOCURRENCY RANKINGS.
Huge win for $NEAR! 🏆
When a respected voice like @Justin_Bons names NEAR the top scalable blockchain for 2025, it’s not hype....it’s recognition of real innovation💪🏾😤
🚨BREAKING🚨: $SUI is @JUSTIN_BONS TOP CHOICE IN THE SPEED CATEGORY ON HIS 2025 CRYPTOCURRENCY RANKINGS.
What is a good cryptocurrency in 2025? 💎
Decentralized: BTC, ETH, SOL & ADA
Scalable: SOL, SUI, APT & NEAR
Fast: SOL, SUI, APT & NEAR
Well-governed: ADA, DOT, ICP & APT
Economically sound: ETH, SOL, APT & NEAR
These are only from top 30; there are many more gems out there: 🧵
Decentralized:
Decentralization exists on a multidimensional spectrum; it is not a binary!
From network topology to governance & politics, decentralization should be measured across multiple metrics, making it a complicated exercise
For the purpose of this list, we are looking purely at network topology, where combining validator counts, Nakamoto Coefficient & the "cost of attack" serve as the primary measures
ETH is the clear winner in decentralization here! 👑
When it comes to all of these decentralization metrics, it has the highest validator counts & the highest "cost to attack". Except for the Nakamoto coefficient, which ADA ended up leading in!
Scalable
We kept this one simple: Any chain that is able to exceed a max theoretical capacity of 10k TPS wins here
This is using a simple 1 to 1 value transfer for the purpose of comparison
The winner in scalability is NEAR! 👑
Thanks to its sharded design, it can scale to 100k+ TPS & beyond!
Fast
Sub-second block times are the new normal; if a blockchain does not meet this criterion, they are slow!
SUI is the winner in speed! 👑
Overtaking SOL by a very narrow margin, as both chains represent the cutting edge in parallelized blockchain design
Well-Governed
On-chain governance/stakeholder governance is the only way we preserve decentralization into the future
What is the point of a decentralized blockchain if the rules of the system can be changed in a dictatorial fashion
So for this category, we looked at the maturity of the implementation of on-chain treasuries, proposal mechanisms & other checks & balances
DOT takes the win on governance! 👑
DOT's governance design has been one of the best for years now. In particular, how stake is weighted based on time locked, along with the additional checks & balances present
Economically Sound
This might be my most unpopular take here, but the ideal economic design for a blockchain is a low tail inflation plus a high fee burn
As this guarantees security during periods of low economic activity, unlike a fixed supply cap
While being more scarce than a fixed supply chain during periods of high economic activity, due to the fee burn exceeding the inflation rate. That is what makes it more economically sound under all scenarios
The winner in economics is SOL! 👑
A difficult & probably a controversial choice, as I could easily also have justified picking ETH as the winner in this category based purely on the current numbers
The main reason I chose SOL instead is due to ETH's distinct lack of L1 scaling, as I see the fee value of a high-throughput network far exceeding that of a chain without that utility. Based on today's numbers, ETH should win, but this is an evaluation of the design, not only the current state of the network
Another minor detail here is that SOL does not burn the priority fee, mitigating the problem of unnecessarily inflating the fee during times of congestion
Conclusion
Nothing is perfect, despite what maximalists of all chains want you to think. What is "best" depends on what we prioritise & in what order
The "ideal" chain would win in all of these categories, but that is not realistic in a highly competitive market that is innovating at a breakneck pace
As these teams prioritize different aspects of the design over others, there is a correct choice in terms of who "wins" this cycle. Speed has been one of the key factors over the last year, not scalability per se
Explaining the dominance of purely parallelized chains over more sharded designs. Economics & governance have taken more of a back seat, but we can see that is starting to change
Contrary to much of, if not more cynical, public sentiment, decentralization is still respected, as most of the top chains meet these criteria. Nothing is perfect, but decentralization is clearly still valued
Moving forward, we want all chains to be as decentralized, scalable, fast, well-governed & economically sound as possible 🕊️
That is the fruition of the early cypherpunk dream: Utility drives change; that is the true value of our movement! 🔥
I just had a great ~35 minute call with @Justin_Bons. It was my first time talking to him directly, as I haven't ever joined a space he's on. It's a shame it took us 2 years to have that call.
@Justin_Bons Also, something to consider: IOG recently fired their main dev contractor, Well-Typed.
Allegedly, they gave Charles a 2028 timeline for Leios—he wants it in 2026.
As of now, no one knows who’s actually going to build it. 🤷♂️
Sterlin Lujan (@SterlinLujan), a liberty OG and advocate for panarchy, stands with Roger Ver, highlighting the injustice faced by those promoting freedom in the crypto space.
Hallelujah !!!
@Justin_Bons is dropping truth bombs - web3 is not some brave new world that lives by a totally new set of rules:
1. You need to have a great product
2. That can reach scale
3. And become profitable
Compare with what we focused on until now:
1. Tell narratives
The cult of @IOHK_Charles is the only reasoning I can come to for ADA’s continued evaluation, what am I missing here? lol
Głośny wpis @Justin_Bons o tym, że Bitcoin może zniknąć w przeciągu 7-11 lat od dziś!☠️
👉Dlaczego może dojść do takiej sytuacji?
👉Czy jest to prawdziwe zagrożenie?
👉Jak można tego uniknąć?
Zapraszam do komentowania filmu!
Link ->
#bitcoin #deathspiral #spiralasmierci
아직 @Justin_Bons 가 제기한 문제를 설득력있게 반박한 분은 없음... 그저 영양가 없는 조롱이 대부분이네요..
비트코인도 여러 기술과 코드가 조합된 결과물임... 시간이 지나면 퇴보하고 시대에 뒤떨어질 수있는 하나의 프로젝트에 불과하다고 생각함...
@0xboosik 님 말처럼 '비판없는
"Crypto can provide people with scarcity & security at scale, while preserving decentralization right now!"
@GeeqOfficial addresses the blockchain trilemma.
✅Scarcity: Geeq's ecosystem supports tokenization of assets, enabling verifiable digital scarcity without relying on