Justin Bons

Fundraising for conference is no joke. Especially when trying to foster something special and gather freedom fighters and cypherpunks. Thank you @Zcash for the trust. Privacy is Normal. See you all at Common S3nse ✊️

@PeacheyBlake Everything is always up for debate There are other good L1's, but it is hard to argue that anything other than SOL has the lead now Except for maybe HYPE, which is a very unique case The numbers speak for themselves, as on-chain fees cannot be faked in a decentralized context!

@Justin_Bons The first part is true. The 2nd is up for debate

Ethereum is only for virtue signaling now Solana is for building real competitive products now!

@crypto_rigatoni That is not how free markets work There are some very strong network effects at work in crypto There will be no absolute winner, but the top chains will certainly still have the lion's share of usage As fees are what ultimately pay for security, scarcity & decentralization!

@Justin_Bons Why win ,, why can’t there be more tech then just 1 to win ,, we don’t win like that ,, we win when we harness all the tech ,, all together and piece it all together,, only then we win the blockchain race ,,

@crypto_rigatoni Well, at least you are consistent. I do respect that You are still incorrect, however. Solana has never been "hacked" for the same reason BTC & ETH have never been "hacked" There was downtime, but all of those issues have since been fixed Putting SOL in a winning position now!

@Justin_Bons Solana has been hackable,, etherium is shot ,, bitcoin don’t work,, nothing ,, I mean nothing is decentralized,,

@SAMALTCOIN_ETH Those same institutions are building on other chains as well... That is why it does not work as an argument from authority Furthermore, since when has legacy finance been on the cutting edge of understanding crypto?? They play catch-up with crypto natives; the numbers prove it

@Justin_Bons BlackRock, Robinhood, Coinbase, Stripe, Visa: sure grandpa let’s get you to bed

@ajoyroy111 Exactly, it is worse than that, the miners/stakers are powerless Most often, the "devs" get captured by some outside force, as they are most often ill-equipped to resist: From an intelligence perspective, it is easy to disrupt such an organization through bribery & blackmail

@Justin_Bons yep, No on-chain governance just means the loudest miners and devs decide and stagnation wins

@ajoyroy111 Exactly, the same thing happened to BTC as well Pointing to systemic flaws in the design, the way we avoid history from continually repeating itself: Has to be on-chain governance; it lies at the root of this phenomenon The decision not to scale is due to perverse incentives!

@Justin_Bons ETH became a religion SOL just shipping code and stealing the users

@Zcash is the future of privacy 🔥 Excited to welcome Zcash to Common S3nse as our partner🔥They have been pushing privacy-preserving infrastructure forward for years through encrypted peer-to-peer payments and zero-knowledge research. A natural fit for a Cypherpunk Week and Common S3nse. Amsterdam · Sept 4-5, 2026

@d3h3d_ Totally agree with you However, comparatively, it is not that different from the reality on ETH & SOL, where most smart contracts have admin keys that effectively have this power In HYPE, there is no smart contract (it is enshrined), which lowers risk in multiple other ways!

depends if you consider force closing position at a price of their choosing retroactively as stealing user funds that’s debatable obv better than L2s or corpochains, but anything requiring trust structurally is a distraction from crypto’s only real long term value to the world - get rid of the trillions of dollars of economic burden of trust that makes everything less efficient and more expensive

HYPE is eating everyone's lunch right now! They made it without VC's, admin keys, or a permissioned design Leading in revenue, with some of the best economics in crypto! The big question is whether HYPE will continue to decentralize: That is where we can still improve a lot 🔥

@d3h3d_ Ah, I remember now I suppose that is technically an admin key, the ability to list & delist markets, that is fair I suppose colloquially I meant that they cannot steal user funds, but you are spot on correcting me here It is still much better than all L2's & permissioned L1's!

@Justin_Bons afaik this was not an exploit, this was a standard (albeit aggressive) hedge fund style strategy, but the result wasn’t favorable so the hl team decided it’s manipulation, delisted the market and forced closed positions according to a price they determined was the “right” price

Satoshi premined. He mined before anyone else and got (and holds) a much higher percentage of the supply than many founders. Sorry to kill your virgin birth myth.

@d3h3d_ Had to look up jellygate, that was an exploit of the liquidity mechanism Admin key or permissioned elements had nothing to do with that Devils hide in the details ofcourse, the majority of USDC is vulnerable to the Arbitrum admin key! However, that is not due to HYPE's L1

@Justin_Bons wdym no admin keys or permissioned design? what about jellygate?

@KaspaMobile @ArunimaGanguly2 Yes, even fiat money exists on that spectrum The way most modern governance systems are structured exists on that spectrum That is why we have separation of powers, that is why the Federal Reserve has permanent seats chosen by presidents It is not an absolutist dictatorship...

@Justin_Bons @ArunimaGanguly2 With this logic: even fiat has a spectrum of decentralization called paper money. Spectrum decentralization = 100% centralization, ask the central bank.

@MuneefHalawa If you think a chain that has collected over $1.3B in fees is a "shitcoin" then I cannot help you According to that logic, every chain is a "shitcoin" Fees are the best metric we have for legitimate usage As within a sufficiently decentralized chain that is impossible to fake

@Justin_Bons Sounds like another shitcoin.

@KaspaMobile @ArunimaGanguly2 That is completely incorrect; decentralization exists on a spectrum Measuring decentralization involves taking multiple metrics & combining them into a holistic rating Furthermore, every blockchain starts out centralized & launching requires a centralized initiative (founder)

@Justin_Bons @ArunimaGanguly2 Decentralize more: A project is either 100% decentralized or 100% centralized & it must start from inception. This is not difficult folks. Oh by the way. The central bank is printing more decentralized $500 bills

@KaspaMobile You are not wrong about that The question is whether it will continue to decentralize as it has over the last year If we end up with a blockchain that leads global finance & becomes fully decentralized Then we should be happy as cypherpunks, no matter how it started, right?

@Justin_Bons truly special: what a best in class ceo can accomplish

@ArunimaGanguly2 If they manage to decentralize more while locking in these enshrined primitives Which is realistically only possible to implement while being more centralized Then that would indeed be very difficult to replicate As most chains do not "decentralize" from a centralized state!

@Justin_Bons there will never be another $HYPE but people would look for HYPE alternatives.

Hyperliquid buybacks are an exception to the rule. But this is undeniably impressive.