1/ Elrond is building something new. And powerful.
As things grow, trolls come along.

Most times, you let trolls pass.
But sometimes, you fight them.

You fight to send a signal. You fight because it matters.
Cause there's good in this world, and it's worth defending. https://twitter.com/TheVladCostea/status/1358324746920820737
2/ Vlad Costea is a simple minded troll, full of ineptitudes & with zero tech knowledge.

Expressing technical opinions when lacking any technical knowledge, or common sense, is like jumping off a cliff attempting to fly when you’re not a bird. Truth will hit hard.

Fact check:
3/ (1) Elrond has one of the most hardcore teams in the space. Engineers, researchers, math olympiads and entrepreneurs, w/ PhD in CS and backgrounds at companies like intel, microsoft, google, ntt data, joining forces to push blockchain to the next level. http://elrond.com/team 
4/ (2) Elrond has one of the largest, most distributed, and passionate communities in the world. 18 languages, more than 30 countries, hundreds of thousands of people. All sharing the goal of bringing a breakthrough technology to the market and contributing on a daily basis.
5/ (3) The Elrond team & community have built the most scalable blockchain architecture in the world. It is LIVE, OPEN SOURCE, and is used by hundreds of thousands of people around the world.

Github: https://github.com/ElrondNetwork 

Explorer: https://explorer.elrond.com/ 
6/ Elrond $EGLD has one of the widest distributions in the space. 150k people joined the Elrond ecosystem in the last 5 days, with hundreds of thousands contributing to and building in the ecosystem.

Transparent stats, including exchange holdings: http://growth.elrond.com 
7/ Nodes in Elrond had a cost of $500 when we first began work, but trolls were not interested in Elrond then. With healthy progress & adoption, the value of $EGLD grew. Significantly. And so, node prices grew as well.

But this is why delegation is open and easy for all users.
8/ Elrond was built on the principle of progressive decentralization. First, you have to build a powerful technology, maintaining a sufficiently decentralized yet sufficiently agile pace.

Only after you have built such a technology, is it useful to proceed to full governance.
9/ Distribution & decentralization can be best understood like the natural process of an expanding universe. The further expanded, the more naturally distributed and decentralized.

It's what Elrond has done every step of the way.
10/ Indeed, due to its unique distribution Elrond was from the outset much more widely distributed and decentralized than both Bitcoin and Ethereum were at their inception.

But again, trolls were not interested in Elrond then. They only became interested now.
11/ In fact, Elrond is now much more distributed & decentralized than 99.9% projects in the space. With phase 3 staking, we are transitioning to *full decentralization* with the network run entirely by the community.

Planned from the beginning, scheduled to go live in ~2 weeks.
12/ Going one step further, the top 10 largest accounts in Elrond are mostly exchanges. As they are in almost any other blockchain.

Over time, lots of people deposit money on exchanges because they want to, well, exchange them.

Exchange accts verifiable: http://growth.elrond.com 
13/ The Elrond ecosystem is advancing at a rapid pace, onboarding many new devs and projects. In fact we have more than 120 partners integrating or building on the Elrond network.
https://elrondpartners.com/ 
14/ Perhaps the most exciting hypergrowth trajectory is painted by @getmaiar, the social money app, just launched on Elrond.

In less than 2 weeks, more than 200k users have joined, more than 200k accounts have been created, and more than 1.5 million tx have been processed.
15/ This app is the best stress testing tool for the Elrond network: distributed DNS, attestation, meta transactions all built and now live on the Elrond VM.

The intuitive simplicity and deep technical integration of @getMaiar, will enable us to onboard the next billion people.
17/ To be clear, Elrond is not a bitcoin or ethereum killer. This is a zero-sum, loser’s game.

We are complementary to both, aiming to bring in the next major wave of adoption that will benefit the entire ecosystem.
18/ We are early, and appreciate efforts toward building a high bandwidth, low latency financial system, and making it accessible to anyone, anywhere.

But make no mistake, we will defend fiercely against morons and trolls.

The world needs Elrond & Maiar, and we will deliver.
You can follow @beniaminmincu.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.