fast, cheap, unsecure due to low validator count. generally trash pump-n-dump NFTs. i personally mentally associate SOL with SBF so – that's not great could maybe comeback post FTX fallout? idk
Had a ton of fun on Solana in 2021 and hope for the sake of builders it recovers fully. Don't really care about the "low validator" fud because I consider it sufficiently decentralized for now. But not personally betting on it. Too much baggage and newer projects will have higher ceilings.
Seems like it lured lots of opportunistic dev talent rather than philosophically aligned dev talent. For that reason, it feels fragile to me.
Multi-chain world. Only 1 fully decentralized one.
At this point if it's not on Ethereum or Cosmos ecosystems, I'm not interested. Special purpose chains and P2P networks are ok but ideally they're connected to Ethereum or Cosmos ecosystems as well in some way.
In the hindsight it was the top when they did those sleazy Bollywood ads to lure devs
I stopped following the “Alt L1 Eth Killers” narrative ~6 months ago. Feeling good about Ethereum + L2s (Arb Optimism Metis) and need to read more about Cosmos.
unrelated to the blockchain itself. but I do think the sol ecosystem has some really good product builders who focus on user experience. magic eden and phantom are great products
unethical vc token dumpster and favorite grifters playground powered by a lot of closed source and restrictively licensed software not shy from centralization, draconian regulatory capture monopolistic strategies, or enabling mass surveillance terrible culture, people should just let it die
Nft casino with the biggest project moving to Eth Low sentiment on my end
It's got one-nine of uptime and can be taken down at anytime. It's not censorship resistant when an ICO can take the chain down. There no fundamental difference between Solana and a replicated SQL database (And SQL databases have better uptime). Like @0xen said; VC pump and dump.
For us to early adopt building on any chain there needs to be strong advantages that outweigh the risks. Their risks have been large; stoppages, hacks (wormhole), and existential (SBF). What advantages do they offer we can’t get somewhere else with less risk? Until those are addressed, we’ll watch from afar.
I have a low opinion of any network which pre-reserves tokens to special parties, even its developers.
1. Smartest people I know in crypto focus on ethereum (includes L2s) 2. Shares reserved for founders is bad ethics 3. Doesn’t differentiate enough from ETH technically to be worth a schism 4. Ways it does differ go towards centralization. Feels like the wrong direction (prefer privacy chains for example)
Great comments here! Learning a lot. What about Polygon? farcaster://casts/0x...31a95dedee
Your distributed database had an SLA issue 🤭 #🔨🕰️
I think the real problem for Solana is not tech, but that Ethereum & EVM network effects are really strong, and in the bear market we're in network effects matter even more.
Given their name recognition and ease of use, Solana is down but not out IMO. Ethereum and L2s will continue to be too expensive and complicated for wider adoption. If I want to learn how to mint an NFT or use an AMM, Solana is more forgiving if I make a mistake given just how cheap it is to use.
I definitely appreciate Solana 1. Performant global state without fragmentation 2. SVM enables a different design space 3. A lot of use cases such as CLOBs can only be done on Solana 4. Met hundreds of Solana devs and who are passionate and non dogmatic
i would respect solana if when they went down the founders acknowledged it instead of nitpicking. if u can’t look i. the mirror how u expect people to look at u? david from lens told me once “it’s web3 all is beta”. baller. own it.
Doesn’t seem sufficiently differentiated to overcome current Ethereum network effects They/investors bought themselves a window of time to execute before L2s matured and Ethereum flywheeled further That window is very likely now closed
Great thread and comments. I don’t love Sol because of the heavy VC bags and validators. I wonder if it could ever pivot to an Eth L2 and get its security there? Best chance imo