Dear Impatient Investors,
I understand the frustration that comes with waiting, but let me share why I remain optimistic about Truebit, a project I've been closely following since 2021. My journey began when I first invested in Truebit at $0.75, drawn to its unique and mind-bending concept. It wasn't just another blockchain venture; it was a vision that resonated with me on a deeper level, much like the Bitcoin whitepaper did for many later on.
Truebit represents a pivotal moment for smart contracts and beyond. While it may not be a traditional blockchain application, it presents a 100% pure business case—a game-changer that will redefine how we think about business, both online and offline. Imagine discussing online video streaming in 1990; the possibilities were unimaginable then, just as they are now with Truebit.
At its core, Truebit offers an unchained blockchain solution, agnostic to any specific chain. Currently running on Ethereum, its adaptability means it could seamlessly integrate with ADA, SOL, or any emerging chain in the future. The beauty lies in its underlying technology, which prioritizes trust, decentralization, and censorship resistance.
Technically, Truebit's off-chain computation with on-chain verification is a masterpiece. It addresses blockchain's scalability issues by allowing complex computations off-chain while ensuring security through verification on-chain. This innovative approach is complemented by economic incentives that discourage malicious behavior and encourage correct computations.
Reading the latest technical report from this year, I was struck by the depth and breadth of possibilities the team has considered. Contrary to simplistic views that suggest it could be developed by a small team in a few months, Truebit's complexity is undeniable. Its launch will be a monumental event, akin to the TCP/IP protocol, running 24/7 and compounding in value with each use.
Every company that adopts Truebit will contribute to its value, incrementally driving up its price. This is the power of compounding returns over time. For those who can patiently wait, the rewards are substantial.
In conclusion, Truebit is not just a technological advancement; it's a transformative force that will reshape industries. As an investor, understanding its potential and staying the course is key. Let's embrace this journey together, knowing that Truebit is poised to make history.
Warm regards,
a tru friend
