@ScottSummersICP@ICPSwap Besides being bad, they also don���t make sense. Fundraising is odd because they have a functional product and those coins will need to be dumped on the community to raise funds. At this point for every 1 token bought at the public sale, 10 tokens will be dumped for fundraising
This underscores the necessity of #InternetComputer $ICP.
The entire crypto space is fed a false narrative: it's decentralized, secure, and no single entity has control, etc.
However, while this may apply to the chains themselves, people don't directly use the chains. Instead, they use services built to communicate with those chains.
And now, the shocker: all those services, for example website and everything not related to tokens/NFTs, are running in a centralized manner.
In most cases, they are on the cloud, since it offers the best price/performance solution for scaling.
To make matters worse, most chains are also running nodes on AWS and other cloud services.
Think about it: how secure do you feel when connecting your wallets to services running on centralized stacks or clouds, knowing that if they are hacked, your wallets could be drained?
How safe do you feel knowing that AWS employees, if they act maliciously, can modify sites, steal data, or even more alarmingly, alter blockchain nodes?
Did you know?
⚠️Every day, an estimated 30,000 websites are hacked globally.
⚠️Over 40% of data breaches involve internal actors.
⚠️Around 3.8 million records are exposed daily by hackers.
⚠️By 2025, it's estimated that cybercrime will cost the world about $10.5 trillion annually.
So, the next time someone asks you why you choose #InternetComputer, it's because it addresses the global challenge of ensuring secure services on the internet.
The only way to achieve this is by running everything entirely on-chain, without any WEB2 dependencies, which are the Achilles' heel for all other chains.
You can have the most secure Layer 1, but what's the use if users need to interact with it through services built on centralized WEB2?
It may not be apparent now, but by 2030, the most secure services are likely to run entirely on-chain. Given that $ICP currently faces no competitors that can match its capabilities,, it's a pretty safe bet.
I wouldn't be surprised if, by 2030, $ICP leads in market cap simply because it's not just about who can move tokens/NFTs fastest and cheapest. That's only a side capability.
The main strength of $ICP is its ability to build and run everything securely on-chain, not just another DEX or NFT marketplace ...
For skeptics: Consider this - #Ethereum's max smart contract size is 24KB, Solana's is 10MB. Meanwhile, an $ICP canister can now hold 400GB, up from 4GB just two years ago, and it's scalable. Demand is evident.
Sam Bankman-Fried donated $100 million in stolen customer funds to US politicians.
Today, the US Government announced they're dropping six charges against SBF and will not prosecute him for a political campaign finance violation.
Scandal: TJ Watt finished the game after this massive head impact.
He added a visor later in the game (light sensitivity?)
He didn't do a post-game interview bc of a "migraine".
Now we learn he is in the #concussion protocol.
How do we miss this in 2023?