re: Official CryptoTalk Thread

How is solana not single digits by now. Talk about a pile of trash

Probably referring to all of the outages and hacks that has happened to it

it's been out once. the heck had nothing to do with "Solana" anyways.

eth had to have the chain rolled back which is far worse than anything that's ever happened to Solana and they've been "hacked" for several million more lol. polygon was hacked just a few months ago.

It is only “highly regarded” because of the price action. Which seemingly was just a big inside pump. Look at ownership of coins. It’s all consolidated. So, they’re just another centralized provider. Fast, yes, but that’s not the hard part. And these VC idiots even admit they are more about being fast than secure. They literally say that.

This isn’t worth the $75 billion they were or the $35 billion they are now. JMO

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it's been out once.

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False. It's been somehow unusable for hours or days at a time several times over the last 6 months.

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the heck had nothing to do with "Solana" anyways.

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True, it was a bridge. I don't blame Solana for the wormhole bug. Could've happened to any cross-chain bridge.

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despite being congested it was settling more tps than any other chain at 0.001 fee

so according to your logic eth has more "issues"... you realize that right? be consistent or you just sound like a dweeb

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When I said "issues", which is obviously vague phrasing, I specifically meant the network becoming unusable, whether that means going down hard (which only happened once) or being DDOS'd. Ethereum gas frickin sucks but if you're willing to spend the coin it's still been usable. That said, don't want to compare a 7 year old chain to a 2 year old chain.



This is all new tech, I'm not writing Solana off yet. But it's certainly had growing pains, as have all chains.

Harmony One has had a ton of issues with shards going down as well, and that doesn't even see anything close to the throughput Solana sees.

LINK

im not trying to defend solana here because its been annoying af to use recently but it only went offline 1x. this was in september i believe

the network has been congested. there is a difference

what happens when other networks become congested ser? well some of them raise the price of gas over $500. sol is trying to scale with 0.001 fees. probably not going to be possible without an L2. but i respect their effort to try.

Well, during a DDOS (or even just legit congestions) it became unusable, and people couldn't get funds off. No, the nodes didn't go down, but it's still not great if the network becomes totally unusable for a time. Yeah $500 in gas is shitty, but money can still be moved if needed. That's an important distinction for financial institutions and whales. Different scenario than transactions basically grinding to a halt.


I haven't interacted with those platforms.

TBH, when I started coding as part of a project, my attention to defi and most blockchain news has been way lower. Between my FT job and now coding on the side, I don't really have the time or attention span to play in all of the spaces like I used to and would like..

Hoping once I get past this grind of unrelated FT job + working with a DAO i can have time to play around again. I know i'm going to miss out on airdrops and other alpha.



ETA:

Also to be fair, Arbitrum has gone down twice in the same time span. L2s are still highly centralized and prone to problems as a new tech.

are you learning rust or solidity?

feels like if you knew both those stacks youd be master race for any job

Not terrible volume on the bump. Not great, but not terrible.