This will be the last time I talk about ICP
Let me first state the conclusion: ICP is absolute garbage, unless you just want to do charity in the blockchain and give your money away to a group of devs who think they are so awesome.
Since I started playing with ICP, I have been on the chain almost every day. I think I understand ICP better than most people who brag about ICP in the square. If you don’t agree, come and argue with me.
1. The so-called advanced technology is all PPT and theory, with no practical cases.
2.ICP’s technical route is more about providing solutions to false demands.
3. Vitalik Buterin's theory is that in the impossible triangle of blockchain, decentralization > security > scalability. Decentralization is the core of the core of blockchain, but I give ICP 0 points for decentralization.
4. False propaganda. You will hear a lot of propaganda about ICP's high speed. But this is false propaganda. It is indeed fast, but not as fast as advertised, because it simply adds up the speed of all subnets. It is like simply adding up the processing speed of 100,000 home computers and saying that you have achieved the computing speed of a supercomputer. This is ridiculous.
5. Extremely bad ecological atmosphere. The SNS project raised hundreds of thousands of ICPs with a model, and the valuation was based on the maturity of the project after listing. This is something I learned from ICP😃, so the ecological trend of most ICPs is the same as ICP itself, breaking the issue price again and again.
6. Extremely arrogant founding team. Dom himself has a lot of lawsuits and never dares to set foot on American soil, but he is very good at doing one thing, scolding people. Other chains have been scolded, but no one cares about him. Whenever someone raises doubts about Dom and Dfinity on the forum, the post will be deleted and blocked immediately. It is impossible to discuss freely.
7. Extremely bad economic model. For a chain to develop sufficiently, the project side, the node side and the users need to work together. Unfortunately, in the design of ICP, the project side and the node side are absolute short sellers. The only way for them to survive is to sell coins, and they need to sell them continuously. The prosperity of the ecosystem has nothing to do with them.
8. The on-chain ecosystem is extremely difficult to play. You can’t believe that after so many years, ICP has not developed a qualified wallet application. Each ecological dApp corresponds to a different address, and may not support your token. For any transfer, you must confirm whether the other party supports your coin among many tokens, otherwise your coin will disappear forever after the transfer. Remember this sentence, not your key, not your money.
I'm going to make a bet here that those who claim that the ICP will reach 3 digits next year will never see a 3 digit ICP in your lifetime. On the other hand, if the ICP can increase 10 times, there will be many coins that can increase 10 times.
Most of those who keep talking tough have had their money locked in for 8 years. I understand that, since they cannot take it out and the time is so long, they can only passively accept any accidents and black swans and cannot fight back.
I can only wish you good fortune 😁😁 (Things are unpredictable, investments are often locked for more than 10 years and are not allowed to be withdrawn in advance, remember to buy yourself some accident insurance, don’t be too confident)
goodbye.
