Justin Bons (@Justin

Justin Bons

20K posts

Justin Bons

@Justin_Bons

Founder of @CyberCapital, Europe’s Oldest Cryptocurrency Fund, full-time crypto researcher & investor since 2013. Artist. My words are not investment advice.

The Netherlands

Joined January 2018

Justin Bons
@Justin_Bons
Dec 10, 2021
1/6) Solana was DDoS attacked again yesterday This attack exploited fundamental design flaws which are considered features by SOL As it sacrifices decentralization & security for speed While ignoring the consequences of that trade off Specifically Proof of History & Turbine:
Justin Bons
@Justin_Bons
Jul 22, 2022
1/25) Solana has far too many red flags Blockchains should never have downtime Yet SOL has gone down at least 7 times since I first spoke out! A consequence of their own design decisions There are many examples of lies, fraud & bad design Exposing a pattern of bad behavior:
Justin Bons
@Justin_Bons
Jan 5, 2022
1/18) I do not support SOL, there are far too many red flags. Consistently displaying a pattern of bad behavior. Prioritizing attracting ignorant investors over good blockchain design. There are many examples of lies, fraud & bad design. I will go over several in this thread:
Justin Bons
@Justin_Bons
Nov 5, 2021
1/6) In early April 2020 the Solana team stated that the total circulating supply was 8.2M. When in reality the total circulating supply was above 20M! Marking the start of a long series of lies, fraud & deception by SOL The following story is all based on verifiable evidence:
Justin Bons
@Justin_Bons
Sep 14, 2024
1/17) Tether is a 118 billion dollar scam; bigger than FTX & Bernie Madoff combined! No proof of reserves & an audit has never been done; USDT is printing counterfeit money (fraud) Caught falsifying documents, obscuring identities & lying about reserves Stop using USDT now! 🧵
Justin Bons
@Justin_Bons
Apr 14, 2022
1/25) I do not support SOL, far too many red flags A blockchain with downtime is unacceptable ETH & BTC never go down SOL is suffering from the consequences of their own design decisions There are many examples of lies, fraud & bad design I will cover several in this thread:
Justin Bons
@Justin_Bons
Aug 15, 2022
1/25) Polygon is still highly insecure & centralized! It would only take 5 people to compromise over $2B Adding insult to injury 4 out of these 5 are the Polygon founders! This is one of the largest hacks just waiting to happen Reckless & irresponsible, a warning to the wise:
Justin Bons
@Justin_Bons
Dec 2, 2024
1/25) Ripple is centralized & permissioned, contrary to the claims made by its executives XRP is misleading investors by lying about its decentralization The foundation has total control over the network! Attracting retail buyers with such false claims is straight-up fraud! ⚠️
Justin Bons
@Justin_Bons
Oct 1, 2022
1/7) SOL has gone down again This is the 8th time SOL has gone down in the past year! Blockchains should never have down time, yet SOL goes down almost every month! This is another consequence of bad design As SOL prioritized attracting investors short-term over good design:
Justin Bons
@Justin_Bons
Mar 31, 2022
1/9) Elrond has solved the blockchain scaling trilemma! EGLD is now the first chain that has crossed the scaling finish line The holy trinity; state, execution & data sharding All fully interoperable, achieving ETH's roadmap before ETH! The future is now, the future is Elrond
Justin Bons
@Justin_Bons
Aug 17, 2025
BTC will collapse between 7 to 11 years from now! First, the mining industry will fall, as the security budget shrinks Then the network will be attacked (censorship & 51% attacks) Core will then have to increase inflation beyond 21M, splitting the chain & that will be the end!
Justin Bons
@Justin_Bons
Sep 1, 2024
Congratulations to the ADA community for implementing on-chain governance today! A critical milestone that most have not achieved yet As true decentralization at scale is impossible without governance Others pretend to be decentralized but are still controlled at the center!
Justin Bons
@Justin_Bons
Feb 12, 2022
1/14) Polygon in its current state is insecure & centralized! It would only take 5 people to compromise over $5B! 4 of those people are the founders of Poly! This is one of the largest hacks or exit scams just waiting to happen Reckless & irresponsible, a warning to the wise:
Justin Bons
@Justin_Bons
Nov 18, 2024
WARNING: BTC is vulnerable to a bank run! ⚠️ If a panic sets in; the vast majority of 33M on-chain users will not be able to exit The queue would in fact be 1.82 months long! Potentially even triggering a death spiral, annihilating investors; BTC's code & math do not lie: 🧵