Quote from: Baofeng on June 22, 2022, 09:17:32 AM

Quote from: $anounimus$ on June 22, 2022, 08:03:57 AM

In the long run, the blockchain has proven to be a trustless technology that can work in the real world without a central authority. It has been tested and is getting stronger every day. No doubt it will all end on a decentralized network. Solana by design was not to be centralized. So if the government dumped big bucks they would have still survived and There is no one word to describe the crash today. In my opinion, The project is dependent on all parties involved. I hope this will be the paradigm for all crypto projects in the future.

I think you missed the point, they wouldn't survived if the whale with that huge $100 m loan will simply crash the market fo Solana. So there's no doubt about it, SOL will be liquidated and then it's price will go down very hard.

Another good read here: https://bitcointalk.org/index.php?topic=5403421.0

So at least have BTC in our wallet, in case something catastrophic happen like this again, (first one is Luna).

If one whale can destroy the price of it, then I believe it is not a good coin simple as that. I know there are plenty of coins out there which would crash under a whales fingertips, but I do not trust them because of this very reason.

The only exception I have is BNB because that can't be crashed by some foreign whale that we have no idea about or have any connection, but I do consider CZ to be a whale, and he could crash it, so BNB has just one whale and I still support it. BTC, ETH, BNB, LTC these are it, nothing else would be a good coin in my mind to hold for 10 years or more, these four are the only ones. SOL is the least trustable one if you ask me, it looks as centralized as XRP.