$SOL I made this post.. last month. Now all the issues of SOL are finally picking up mainstream attention. But did you know? It was always shit like this. People either pretend they don't know or ignored it. Now they can't avoid reality.
LIVE--
Baisse (björn)
LIVEShort Maestro
--
Baisse (björn)
Why I Short $SOL ? What is Solana, why did it pump recently and what are the main issues behind maintaining it's value?
Solana is a blockchain platform, similar or better (they claim) to Etherium $ETH . They supposedly have faster transactions, but with lower fees. Amazing! Right? Of course nothing is so good in reality.
Their recent pump is their link to all the shitcoins and memecoins using Solana as a platform. It's the best platform to make shitcoins and pump n dump. BOME is also Solana based. BOME is a joke, I won't even mention further. (It is literally a joke, it's a meme coin)
Solana's biggest issue: Their developers. This "blockchain" "crypto" thing is all about decentralization, clarity. Yet this coin is one of the most centralized coins ever. Technically, an insider group within Solana can cause A LOT OF DAMAGE, if intending to.
Their devs were sued for selling illegal securities with no approval from SEC. They were also subject to a class-action lawsuit for not burning their coin $SOL , where 11 million were supposed to be burnt but only 3 million were burnt.
Why is this important? Because SOL has no supply cap. Yes, there can be infinite amount of SOL. The only way to limit Solana from turning into a zero-value inflated currency, is burning it. But the devs are not reliable in entrusting such job, it seems.
Finally, the biggest of biggest: Outages. This crypto just experiences an outage for hours, a blockchain cannot afford to do that. How is this happening? They have way too little validators, and their code is bugged. It's still an on-going issue.
Do you even know what happens when a blockchain is offline for 17hours? Validators had different ledgers. I don't know how they even fixed that. They probably couldn't.
A crypto with unlimited supply that suffers from outages, with the vulnerability still in plain sight? That's a ticking bomb right there. Is that even considered a blockchain? I am not trusting this shitcoin when we got Etherium.
Solana is a blockchain platform, similar or better (they claim) to Etherium $ETH . They supposedly have faster transactions, but with lower fees. Amazing! Right? Of course nothing is so good in reality.
Their recent pump is their link to all the shitcoins and memecoins using Solana as a platform. It's the best platform to make shitcoins and pump n dump. BOME is also Solana based. BOME is a joke, I won't even mention further. (It is literally a joke, it's a meme coin)
Solana's biggest issue: Their developers. This "blockchain" "crypto" thing is all about decentralization, clarity. Yet this coin is one of the most centralized coins ever. Technically, an insider group within Solana can cause A LOT OF DAMAGE, if intending to.
Their devs were sued for selling illegal securities with no approval from SEC. They were also subject to a class-action lawsuit for not burning their coin $SOL , where 11 million were supposed to be burnt but only 3 million were burnt.
Why is this important? Because SOL has no supply cap. Yes, there can be infinite amount of SOL. The only way to limit Solana from turning into a zero-value inflated currency, is burning it. But the devs are not reliable in entrusting such job, it seems.
Finally, the biggest of biggest: Outages. This crypto just experiences an outage for hours, a blockchain cannot afford to do that. How is this happening? They have way too little validators, and their code is bugged. It's still an on-going issue.
Do you even know what happens when a blockchain is offline for 17hours? Validators had different ledgers. I don't know how they even fixed that. They probably couldn't.
A crypto with unlimited supply that suffers from outages, with the vulnerability still in plain sight? That's a ticking bomb right there. Is that even considered a blockchain? I am not trusting this shitcoin when we got Etherium.
Ansvarsfriskrivning: Inkluderar åsikter från tredje part. Ingen ekonomisk rådgivning. Kan innehålla sponsrat innehåll. Se användarvillkor.
SOL
156,31
+1.30%
Svar 1