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Karthik Senthil@karthiksenthil
12/28/2022

What's FC sentiment on Solana?

In reply to @karthiksenthil
j4ck@j4ck
12/28/2022

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

In reply to @karthiksenthil
0xen @0xen
12/28/2022

VC pump and dump is how i see it

In reply to @karthiksenthil
kenny@kenny
12/28/2022

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.

In reply to @karthiksenthil
Colin@colin-
12/28/2022

Seems like it lured lots of opportunistic dev talent rather than philosophically aligned dev talent. For that reason, it feels fragile to me.

In reply to @karthiksenthil
Elie@elie
12/28/2022

Still has a chance. In a rough spot atm

In reply to @karthiksenthil
Les Greys@les
12/28/2022

Multi-chain world. Only 1 fully decentralized one.

In reply to @karthiksenthil
GabrielAyuso.eth ⌐◨-◨@gabrielayuso
12/28/2022

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 reply to @karthiksenthil
danirayan.eth@number
12/28/2022

In the hindsight it was the top when they did those sleazy Bollywood ads to lure devs

In reply to @karthiksenthil
12/28/2022

@perl web3 growth

In reply to @karthiksenthil
Mantej Rajpal@mantej
12/29/2022

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.

In reply to @karthiksenthil
Connor McCormick@nor
12/29/2022

never bought any SOL I'm proud to say

In reply to @karthiksenthil
zico@zico
12/29/2022

never touched it

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Shashank@0xshash
12/29/2022

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

In reply to @karthiksenthil
sake 🍶@sakeblues
12/29/2022

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

In reply to @karthiksenthil
j3@j3
12/29/2022

Nft casino with the biggest project moving to Eth Low sentiment on my end

In reply to @karthiksenthil
Joe Blau@joeblau
12/29/2022

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.

In reply to @karthiksenthil
Liang良peace🇺🇸🇨🇳NoN@liang
12/29/2022

Good tech being pumped and dumped.

In reply to @karthiksenthil
Devin Elliot@notdevin
12/29/2022

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.

In reply to @karthiksenthil
Cassie Heart@cassie
12/29/2022

I have a low opinion of any network which pre-reserves tokens to special parties, even its developers.

In reply to @karthiksenthil
pushix@pushix
12/29/2022

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)

In reply to @karthiksenthil
sanjeed@sanjeed
12/29/2022

Great comments here! Learning a lot. What about Polygon? farcaster://casts/0x...31a95dedee

In reply to @karthiksenthil
barton ⊛@bmorphism
12/29/2022

Your distributed database had an SLA issue 🤭 #🔨🕰️

In reply to @karthiksenthil
David Furlong@df
12/29/2022

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.

In reply to @karthiksenthil
DEADSTOCK @deadstock
12/29/2022

Uninterested

In reply to @karthiksenthil
Carlos Acevedo@carlosace
12/29/2022

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.

In reply to @karthiksenthil
Kiran@kiran
12/29/2022

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

In reply to @karthiksenthil
12/29/2022

$1200 on launch day

In reply to @karthiksenthil
12/29/2022

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.

In reply to @karthiksenthil
zom@zom
12/29/2022

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

In reply to @karthiksenthil
Chicag0x@chicag0x
1/2/2023

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

In reply to @karthiksenthil
daniel@pcdkd
1/2/2023

VC network