- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Official CryptoTalk Thread
Posted on 9/14/21 at 9:43 pm to Douglas Quaid
Posted on 9/14/21 at 9:43 pm to Douglas Quaid
quote:
Why is that dumb? The network halted and from what I've read-from reliable sources-a hard fork is needed to restart it.
Bruh, you gotta understand, Rocket31 knows everything in crypto. EVERYTHING!
Don’t ever question him…..EVER!
BULLISH!!!!!!!
0
Posted on 9/14/21 at 9:44 pm to Douglas Quaid
quote:
Why is that dumb? The network halted and from what I've read-from reliable sources-a hard fork is needed to restart it.
If I get some SOL classic, I'll be pumped.
Posted on 9/14/21 at 9:46 pm to tenderfoot tigah
quote:
If I get some SOL classic, I'll be pumped.
This post was edited on 9/14/21 at 9:48 pm
Posted on 9/14/21 at 9:50 pm to tenderfoot tigah
I get it, I am just saying POW is SECURE. Why not run smart contracts on layer 2?
I guess the more these "next gen" chains come out the more I think the original POW is pretty damned nifty.
I guess the more these "next gen" chains come out the more I think the original POW is pretty damned nifty.
Posted on 9/14/21 at 10:03 pm to Douglas Quaid
Because it doesn’t fit the narrative. I’m not saying that there isn’t money to be made here. Go get it! But SOL is essentially centralized which means it is nothing more than a public ledger run by a private entity which can be taken offline at any time. 90% of Solana network is just 4 companies that are controlled by the developers of Solana. Again see BNB. It also uses vertical scaling which means high hardware requirements to run a node. Your looking at about $6k for the hardware and an additional $150/month in electricity to run it at full power. Take a look for yourself. If ADA, Doge, ICP have taught us anything, it is crypto can remain irrational longer than you can stay liquid. Make that green and don’t get caught with the bags.
This post was edited on 9/14/21 at 10:12 pm
Posted on 9/14/21 at 10:07 pm to Aug1
quote:
But SOL is essentially centralized which means it is nothing more than a public ledger run by a private entity which can be taken offline at any time. Again see BNB. It also uses vertical scaling which means high hardware requirements to run a node. Your looking at about $6k for the hardware and an additional $150/month in electricity to run it at full power. Take a look for yourself.
That’s soooo BULLISH!!
Rocket31 has spoken.
Posted on 9/14/21 at 10:13 pm to boomtown143
Probably overtakes Ada in marketcap now. #bullish!
Posted on 9/14/21 at 10:16 pm to Aug1
Wonder if I can scoop up some cheap SOL tomorrow.
Posted on 9/14/21 at 10:29 pm to METAL
1 Why did the network slow down?
A bot began spamming the network and hit a peak of 400k TPS. When a validator realizes it is lagging behind the leader, it will forward transactions to the next leader, who will now have to handle it's own normal messages and the backlog that's been pushed to it (source). This high volume of transactions both takes down some validators because they don't have enough compute resources and also buries network-critical messages from being processed (source). On a technical level, the network is still up -- it's just that nothing important is being processed (grafana dashboard, this tracks live data, so will eventually be otudated).
2 Solana is centralized and the foundation flipped some type of backdoor switch to shutdown the network (this is false).
It's fair to say that Solana is more centralized than Ethereum. However, saying the foundation has the ability to unilaterally shutdown the network is simply false. As noted above, the network was disrupted by a third-party attack and just slowed down to 0. Some validators crashed on their own. Some validator managers may have also disconnected their own nodes. However, nobody at the foundation has the power to click a button and disconnect a node. With everything open source on GitHub, feel free to go through the code and check there's no backdoor. The one bad thing is that the only people who actively develop code to connect to the network (these are called clients) is the foundation. Eth has maturated so that there are several independent clients that are quite popular (i.e. geth and parity). Hopefully Solana will get there one day.
A bot began spamming the network and hit a peak of 400k TPS. When a validator realizes it is lagging behind the leader, it will forward transactions to the next leader, who will now have to handle it's own normal messages and the backlog that's been pushed to it (source). This high volume of transactions both takes down some validators because they don't have enough compute resources and also buries network-critical messages from being processed (source). On a technical level, the network is still up -- it's just that nothing important is being processed (grafana dashboard, this tracks live data, so will eventually be otudated).
2 Solana is centralized and the foundation flipped some type of backdoor switch to shutdown the network (this is false).
It's fair to say that Solana is more centralized than Ethereum. However, saying the foundation has the ability to unilaterally shutdown the network is simply false. As noted above, the network was disrupted by a third-party attack and just slowed down to 0. Some validators crashed on their own. Some validator managers may have also disconnected their own nodes. However, nobody at the foundation has the power to click a button and disconnect a node. With everything open source on GitHub, feel free to go through the code and check there's no backdoor. The one bad thing is that the only people who actively develop code to connect to the network (these are called clients) is the foundation. Eth has maturated so that there are several independent clients that are quite popular (i.e. geth and parity). Hopefully Solana will get there one day.
Posted on 9/14/21 at 10:31 pm to METAL
Just buy HEX!!!
Did I do that right?
Did I do that right?
Posted on 9/14/21 at 10:32 pm to TheDuke5524
quote:Actually, you did it exactly right. 100% uptime
Just buy HEX!!!
Did I do that right?
Posted on 9/14/21 at 10:34 pm to TheDuke5524
quote:
Just buy HEX!!! Did I do that right?
Why so defensive?
I notice that about people on this board. They can’t ever take criticism…..almost like…A CULT!
Posted on 9/14/21 at 10:38 pm to FnTigers
quote:
Actually, you did it exactly right. 100% uptime
This post was edited on 9/14/21 at 10:40 pm
Posted on 9/14/21 at 10:52 pm to JayDeerTay84
Yes arbitrum optimism polygon would not roll out otherwise. ETH will be 10k within the next year
Posted on 9/14/21 at 11:49 pm to JayDeerTay84
quote:
I get it, I am just saying POW is SECURE. Why not run smart contracts on layer 2?
I guess the more these "next gen" chains come out the more I think the original POW is pretty damned nifty.
This is pretty much the only reason I still hold a fat stack of btc. It’s a dinosaur and maxis are legit the worst but I love me some PoW.
There are some theories that ETC could come to life after the PoS merge. Should be interesting
Posted on 9/15/21 at 12:22 am to DallasTiger11
BTC speed: 4–4.5 transactions / second
ETH speed: 20 transactions / second
ADA speed: Currently capped at 6.5 transactions / second
SOL speed: Peaked at 400,000 transactions / second (in beta)
ETH speed: 20 transactions / second
ADA speed: Currently capped at 6.5 transactions / second
SOL speed: Peaked at 400,000 transactions / second (in beta)
Posted on 9/15/21 at 6:31 am to tenderfoot tigah
quote:
BTC speed: 4–4.5 transactions / second
ETH speed: 20 transactions / second
ADA speed: Currently capped at 6.5 transactions / second
SOL speed: Peaked at 400,000 transactions / second (in beta)
Again, when you are on layer 2 of BTC and ETH the above doesn't matter. Layer 1 functions as validation. There are numerous examples of this.
Posted on 9/15/21 at 6:42 am to rocket31
quote:
once the fix is established, this is bullish
The network cratering is bullish?
I think it'll overcome this easily, but let's be realistic.
Posted on 9/15/21 at 6:55 am to Hulkklogan
Do you guys have any thoughts on Argo blockchain? They are planning to go public and are building a massive mining facility in Texas. Curious what people who know much more about crypto than me think.
Posted on 9/15/21 at 7:41 am to tenderfoot tigah
Trying to buy some SOL today. Is it listed on exchanges or do I have to do something else to buy it? It’s not working for me.
Page 1739 of 2094
Popular
Back to top
Follow TigerDroppings for LSU Football News