📜 Open Letter to President Trump (
@Trump) (Cryptocurrency and Web3) with a Message for
@elonmusk
Dear Mr. President Trump &
@Trump team.
Good day.
I believe this letter is extremely important, and I am convinced that amidst all the noise, you will sooner or later take notice. I understand that you are currently deciding the direction to take regarding Web3. You might be considering which blockchain to support. At the end of this letter, there is also a message for
@ElonMusk, who is my biggest inspiration in many ways. I thank him for buying
@X to ensure worldwide free speech. He is also one of the main reasons why the USA is at the top. For me, he is the Iron Man of our time, who has dedicated his entire life to humanity and making us a multiplanetary species.
If humanity does not go extinct, it will be thanks to him. No one will ever forget Elon Musk.
🪙 Bitcoin
Support for Bitcoin (
#BTC)
It is clear that you will support
#BTC, which is effectively changing human history and allowing the web3 space to grow. And I understand that now you are looking for something that can be more than just a "store of value."
Something that meets at least the wishes of Hal Finney, one of the first pioneers and developers of Bitcoin (BTC). You are certainly looking for what is described in the
#Bitcoin whitepaper as "A peer-to-peer electronic cash," which BTC will never be, except through the second layer like the Lightning Network, which is I believe unfortunately centralized. But that's okay; Bitcoin is great as it is, and let's keep it that way.
🧠 Ethereum
Issues with Ethereum (
#ETH)
Ethereum, on the other hand, cannot scale other than through L2's and L3's, which are, as we know thanks to @JustinBons and other extremely intelligent crypto researchers, centralized, have poor UX, and two people can steal your funds anytime, which is I believe definitely not something you, Mr. President, stand for. Ethereum would like to scale through L1, but it is not possible except by using Sharding or horizontal scaling technology. The concept of Sharding dates back to the 80s and 90s and simply works. Horizontal scaling is the only way, but it is complicated, and therefore most cryptocurrencies have given up on it.
🌐 Solana
Concerns about Solana (
#SOLANA)
Then we have
#SOLANA. At first glance, it's a nice project. But Mr. President, if you look deeper and have someone on your team spend more than 10,000+ hours researching
#SOL, you will find that not everything that glitters is gold. You will discover that the founder of SOLANA,
@toly, chose Vertical scaling, which is impossible even in the normal world, let alone in the IT world. Imagine someone claiming that they can build another Empire State Building but will go vertically indefinitely, and technology will allow it. Yes, it may allow it for some time, but in the long run, it's suicide. Even in the physical world, you can't scale vertically indefinitely, whereas horizontally, you can.
Here is a discussion between the founder of SOLANA and the co-founder of NEAR
@AlexSkidanov about Sharding (horizontal scaling). Here, the founder of SOLANA admitted that sharding is a hard computer science problem and very complicated to solve. He basically admitted that SOLANA took the easiest path. We all know that shortcuts usually mean quick success but also a quick fall and are not sustainable in the long term. SOLANA, unfortunately, has already had more than 14 downtimes (when it was essentially down), and the entire mainnet did not work.
#Bitcoin had one downtime in its entire history, and that was sometime in 2010 at the beginning. Since then, not a single one, which proves its robustness.
Even if I disregard the poorly designed architecture and the impossibility of horizontal scaling, the outages, and many potential problems in the architecture and code, where we don't know what will break and when, there are other issues. We all support transparency and self-custody in blockchain. And SOLANA has lied to us in many ways. The one that bothers me the most is the tokenomics. Watch this video on tokenomics. I consider it a huge problem because lying about something like tokenomics is practically a criminal offense in many states. This video contains many other things that I think are important for anyone who voluntarily decides where to allocate their investments and resources to see.
Another problem I see here is
@FTX_Official and
@SBF_FTX with an extreme amount of SOLANA tokens, and no matter how it is, it can be a ticking time bomb. There are also many billionaires who hold an extreme amount of tokens, and I don't believe they won't one day just come and dump it on retail because they see SOLANA as a cash cow since they must know deep down that SOLANA won't be able to solve the blockchain trilemma long-term even with the "firedancer" improvement and maintain scaling while preserving decentralization, security, and zero downtimes. It's basically a beta. A beta that is worth almost 100 billion dollars, and its biggest purpose is trading memecoins. I'm not hater of
#SOLANA (
#SOL) but I'm one who wants to support team's that don't lie and something that makes sense in the long run. Life's too short to support something I don't 100% trust just to get rich off it.
Infinite Supply and Inflation Concerns
The last major problem I see with SOLANA is that it has practically infinite supply. There is no maximum cap on tokens that can ever be in circulation. This is, of course, a problem because SOLANA does not fulfill the function of digital gold at this moment, just like ETHEREUM, which does not address it and is just programmable money on an insufficient architecture. This is a huge disadvantage for an investor.
What is even more startling is that SOLANA is currently set up to effectively pay validators from extreme inflation and money printing. It works similarly to classic FIAT; it's built so that one day it will just burst. It's just a matter of when. It's unsustainable long-term. Solana would never have the funds to pay huge costs if it didn't print money like this. This is why there can be fast transactions and fees.
High Validator Requirements
What further leads to centralization and problems are high requirements for validators. High hardware requirements for validators lead to several problems. The first is that they are costly and therefore lead to greater concentration of power; fewer people can afford to be validators. CPU: 12 cores, RAM: 256GB, and high SSD are currently required by SOLANA and will keep increasing. In contrast, the most advanced blockchain technology running on the Sharding mechanism and solving the blockchain trilemma and all problems requires 4x CPU and 8GB RAM. You can even run it on a
@Raspberry_Pi as you can see here - Raspberry Pi Validator.
🚀 The Future:
@MultiversX Most Advanced L1 Blockchain Technology
And then there are the most advanced L1 blockchains that could potentially solve the blockchain trilemma. Some have already solved it and that's
@MultiversX, some might in the future, but we don't know for sure. We have Sharding technology, which allows for practically unlimited scaling. There are different types of Sharding - network sharding, transaction sharding, and state sharding. The point is that not everyone working on sharding has it fully implemented, and it doesn't mean it's implemented correctly. Unfortunately, technology isn't the end; there are other things like UI/UX of the ecosystem, code quality on Github, finality, overall project architecture, the ability to expand the project practically indefinitely, project tokenomics, how the cards are dealt (meaning how much VC's and how have been involved in the project), for example,
#NEAR raised over 500 mil USD, then for example
#MultiversX (about 5.5 mil USD).
So we basically only have three blockchains that could potentially be an interesting investment:
@MultiversX (
#EGLD), @NEAR &
@TONCOIN. All (3) have chosen to go the Sharding route because they know you can't bypass the scaling law. And everyone knows that
@VitalikButerin talked about sharding several years ago, and it was his dream for ETH to scale through the first layer and solve this complex problem. However, only one of them managed to solve it 100% and fully implement sharding with all the details so that scalability is practically unlimited, just by adding more shards while maintaining full decentralization and 100% security, without outages. And that is
#MultiversX (
#EGLD). They managed to do it already in 2020 when they launched the Mainnet, and since then the network has not had a single outage, and thanks to 3568 nodes validating the network and ensuring decentralization, I believe it won't have any. Currently, it is the network with the most validator nodes after
#ETHEREUM.
🌍 Why MultiversX (
#EGLD) Stands Out
Technological Superiority
#MultiversX (
#EGLD), in addition to being a PoS L1 (carbon negative), has solved the blockchain trilemma, and they are also a network that:
- Perfect UI/UX: Modern, simple like Apple. That's why I call it the Apple of Web3.
- Onchain Guardian: They were the first to have Onchain (2Phase on protocol level), meaning even if someone discovers or reveals your seed phrase/private keys, they can't hack your funds because there's secondary verification. A traditional thing from Web3 and large banking institutions, but no one has solved this issue, which is why people lose millions every day, including the fact that SOLANA and ETH still have wallet drains, and many other problems. Not to mention something called MEV, which is basically "crime" and makes outrageous money on people every day.
- Most Nodes After Ethereum: They have the most nodes after Ethereum.
- No Downtime: They had no downtime.
- User-Friendly Mobile App: They have the best UI/UX, friendly mobile app All-In-One where everything is, including Daaps, access to Ethereum, the ability to pay instantly with generated cards, there is crypto and fiat, hero tags (nickname) instead of addresses, P2P chat, gamification, soon I believe even IBAN payments, and the ability to connect through this app to the entire ecosystem and do practically anything while maintaining 100% security and the possibility of decentralized two-phase verification, which is incredible. They won an award for the best app / best wallet solution at Blockchain Life 2024. It is therefore ready for adoption, when you use it, you don't see any difference between using a traditional bank or crypto.
You don't need any knowledge about crypto at all, and as a bonus, thanks to Guardian and MultiversX solving wallet drain issues and other hacks, you can't lose your money.
🔮 Investment Potential of MultiversX
Market Valuation and Future Potential
400x+ Potential: The biggest advantage for you Mr. President is that you would support a blockchain investment or marketing-wise that has 400x potential if it reaches the market capitalization of
#ETH (
#ETHEREUM) but already has the blockchain trilemma solved.
96.78x Smaller Market Cap than SOLANA: Extremely undervalued compared to
#NEAR &
#TON who are trying to solve sharding but with much better tokenomics (scarce as BTC for
#EGLD), 31.4mil is the max cap, whereas NEAR and TON have practically unlimited amounts (cap) like SOLANA and ETHEREUM. Even if they had about 70% the same technology as MvX, which they don't, as an investor, I am still deterred by their tokenomics, unfortunately, and I think they are good projects, in fact, the best after MvX in terms of technology.
Here is an interesting thread where @JustinBons, the owner of the oldest EU investment crypto fund and a very well-known and intelligent web3 researcher, wrote about
#EGLD that it is the "Holy grail of crypto" and has been a big supporter for a long time. Read the thread.
📝 Closing Thoughts The Case for MultiversX
Unfortunately, we are now in a time when TECHNOLOGY and UI/UX are less than MEMECOINS and centralized coins that have poor architecture and only have a big hype thanks to celebrities and pump/dump schemes and huge support from VC's and billionaires. However, it is clear that in the long run, the best technology always wins in combination with the best UX/design, which will be user-friendly. Apple has clearly proven this. Tesla. Amazon. Airbnb, Uber, and other companies. Simplicity, modern design, perfect user interface - extremely good technology, simple to use so everyone understands it right away, extremely high security = adoption.
MultiversX's Mission
#MultiversX aims to get 1 billion people on the blockchain thanks to UX and the fact that they have solved the blockchain trilemma; this is now possible. The only thing that needs to be worked on now is marketing; they already have the best product on the market. That's why I'm writing this letter because sooner or later, someone will notice, and once they try it, they won't want anything else. Because in the context of PoS L1 (There is NO SECOND BEST).
I am convinced that if the Trump team meets with
@BeniaminMincu and
@LucianMincu - Watch the interview, Watch the discussion, they will find common ground!
💬 A Message to Elon Musk
Moreover, apart from all this, there is an amazing and extremely fast-growing community
#EGLDSqueeze around the MvX ecosystem, which aims to create a similar vibe as
@RoarringKitty did regarding
#Gamestop, showing that "Technology Matters" and that "Sharding is the only way to scale and that horizontal scaling cannot be bypassed." The community is wild and will educate every day and make every effort until everyone knows about the immense value of the MultiversX ecosystem.
Support for Freedom and Innovation
Mr. President, I may not be an American citizen, but I know that you and your opponent
@Kennedy are both for freedom of speech, freedom in sending transactions, against unnecessary wars, for own money custody, and support projects that matter! Real projects and real builders.
#MultiversX may have originated in Romania, but that doesn't change the fact that it can be a frontman in the USA, like anything that sooner or later grows and expands to the USA because the USA simply wins in everything and is the strongest economy on the planet. I am a big supporter of the USA, and I know that without the USA, 80% of the things I use would not exist because 80% of important companies and technological advancements originated there.
🪙 Potential for DOGE and
X.com @dogecoin on MultiversX (
multiversx.com/sovereign-cha…) (
@cb_doge)
I believe that if
@ElonMusk, a person the world needs to move forward and not go extinct, and truly the only person doing everything possible to make us a multiplanetary species and has dedicated his life to humanity and progress - if he has someone deeply analyze
#MultiversX and see if they really solved the blockchain trilemma and how, he could possibly leverage that use their technology for the xEverything App, which could work just like WeChat/Alipay and other apps in China (I was in China, and the way they are ahead in this matter, I couldn't understand), these applications where you can solve everything have incredible leverage and added value. We have
@X and
@elonmusk, thanks to whom humanity has freedom of speech and is one of the few people who still give me confidence that good still exists and that we will move forward.
🚀 Final Thoughts for Elon Musk &
@cb_doge
I believe that
#DOGE, which is not in the best shape in terms of technology and Github maintenance, could run on Sovereign Chains, with unlimited scalability (infinity) thanks to sharding, which can handle 10mil TPS+ effortlessly just by adding shards, and could be the main native currency for
@X. After all, it is still the best meme, and we all know that
@DOGE is
@ElonMusk's favorite. Thanks to Sovereign Chains, DOGE could have better fundamentals than
#BTC in the long run. It could be unlimitedly scalable, decentralized, and 100% secure money, and if the tokenomics of DOGE improved over time and it had a limited amount, it would be an extremely interesting project even for people who are not interested in memecoins.
I believe the
#MultiversX (
@MultiversX) team is doing everything to eventually have a discussion with ElonMusk about how they can assist in his vision for what he wants to create under the domain
X.com. I believe they are his big admirers, just like all of us. Mr. President Trump, Mr. Musk, if this letter reaches you, please allocate one of your analysts or your time and sit down with the founders of the
#MultiversX project.
🔍 Summary of Key Points Why MultiversX (
#EGLD) is Unmatched
- Most Advanced L1: The most advanced, scalable L1 decentralized by (3569 validator nodes, carbon neutral, low hardware requirements) solving the blockchain trilemma (1sec finality soon).
- Unlimited Scaling
- Scarce like
#BTC
- Programmable as
#ETH
- No Downtime like
#SOL
- Sharding Ahead of
#NEAR and
#TON
- Best Wallet:
@xPortalApp
Here is my investment thesis:
nitter.app/Veroc_Daniel/status/18…
Here is my analysis/article/thesis on MvX: Why I Will Always Choose MultiversX (
#EGLD) Over Solana? Read the analysis.
nitter.app/Veroc_Daniel/status/18…
Here is a video where I explain why I invested all my crypto funds in
#MultiversX (
#EGLD) and sold all other cryptocurrencies/ Why I bought additional 121,560.12 EGLD for (~$4,055,847.52) -
piped.video/watch?v=TbQ7rf7a…
I hope this structured and detailed explanation convinces you of the potential and importance of MultiversX. If someone from your team will ever have a time to read a later then many thanks for your time.
And I hope you both continue to make the world a better place and make AMERICA GREAT AGAIN, as it was before.
Sincerely,
Daniel Veroc
@Trump @elonmusk @DonaldJTrumpJr @EricTrump @DonaldJTrumpJr @TrumpWarRoom @cb_doge