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The reason why the crypto industry as a whole is stagnating, and meme coins are booming is very simple: developers feel insecure about themselves, and people feel insecure about them. Back in the days of crypto innovation, just the fact of code being open source was enough for people to be assured of its security.
But right now, that's not the case, as people have lost money due to hacks, vulnerabilities, and are simply fearful of novel technologies, fearing they might have vulnerabilities.
That's not the way forward - innovation should be cheered, not hindered, even at the cost of accepting risk. Otherwise, we as a crypto industry, and humanity as a whole, will experience stagnation and "meme coin era", where the only thing you can do is "safe" one.
VCs prefer to invest in coins/projects that are "certainly safe". Exchanges give priority to listing projects with a "well-vetted codebase" and demand ridiculously expensive security audits for even the slightest novelties (and at the end of the day, these audits usually still miss most challenging attack points, like supply chain attacks). People, in various ways, require projects to be built with "established technologies" - essentially preventing innovative projects from gaining momentum.
This fear about "not battle-tested technology" has also spread to developers - they are now afraid to build new decentralized apps as it will not be "scrutinized enough", and developers rarely have enough resources for audits and similar activities that could increase their confidence.
Remember, trying to decrease the risk will inevitably decrease the gain. Even in the worst case, the partial loss of capital is not the end of the world if that's the price of cryptocurrencies not going into stagnation mode, let's accept it.
I highly recommend you read @pmarca's "The Techno-Optimist Manifesto" at https://t.co/FMH39QX9Bv and apply it directly to your life.
Devs, just f-ing build! Do think about security, do NOT think about scrutiny. It will come with time, and lack of it doesn't make your project less "serious" or give an actual reason not to use it in daily lives, invest in it, or do serious production things with it.
Don't pay attention to decelerationists who want to stop your innovation, as otherwise, your most "safe" option is just building a meme coin on an "established platform".
Users/investors/exchanges - do use, invest, and list novel systems, get along with the risk of innovation. Don't be the person who rides a horse because cars are too novel.
Highlayer Developer's Documentation is now live 🧑💻
🏗️ Get started here https://t.co/fqazhUOu1b
📥 Message us on Telegram/ Discord for support
▶️ Incubation programme for select projects
https://t.co/u9ZrsEMsZd
Happy building!
If you are a developer interested in building on Bitcoin. Start now.
🔸 with a JavaScript VM
🔸 Solana-like throughput
🔸 Bitcoin-level decentralisation
🔸 Incubation and marketing grants
https://t.co/u9ZrsEMsZd
🤝 reach us on Discord or Telegram for support
Docs 👇
🚨 $10k $HI Token Giveaway🚨
We're proud to partner with @highlayer_io, the first Bitcoin Layer 2, which inherits Bitcoin's full decentralization and security, whilst achieving 50k TPS through hybrid execution and SSDAS.
💸 $10k tokens split across 20 winners
💰 Further $HI rewards within the dashboard
🗒️ Carefully follow all gleam tasks
⏲️ Time requirement: 15 minutes
Participate here 👇
https://t.co/BZQMA5vpE9
I just joined the @highlayer_io Airdrop campaign.
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Earn points for
👨 Supporting socials
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The Highlayer Airdrop Competition is LIVE
Watch the 📽️ (sound on)
Earn XP, which will be redeemable as $HI token airdrop. To get XP:
🧑💻 Join our dashboard
🪜 Climb the leaderboard
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Find a referral link in our Telegram or Discord to get started ❗️
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🔗 Full article https://t.co/DyMQ1lGoQa
📽️ Video 👇
🚨 Announcement of Testnet Launch 🚨
The Highlayer Testnet will go live on
📆 Monday, July 1st at 2 pm UTC
▶️ We will be hosting a Space on this day, joined by some initial partners @moon3dge, @tenXstudios and @Chain_Boost
🔗 Click the link and set your reminders 👇
https://t.co/SaP4eUdlfd
Our documentation will also be released 📖 and our team will be ready to answer all of your questions!