Quote from: ultrloa on August 06, 2022, 12:31:47 PM

Quote from: Fara Chan on August 06, 2022, 08:49:56 AM

Quote from: feeling sound on August 04, 2022, 03:56:44 PM

Solana goes completely against the idea that cryptocurrency must be decantralised. It's possibly the most centralised "mainstream" altcoin with a shady team that has historically lied about not only the fundamentals of the project like the circulating supply, but the shady members of the team have also been caught for fraud.

Much more advanced, more decantralised and Secure Level 2 competitors like MATIC exist, which have had infinitely better uptime, and security. Solana is not the cheapest, nor the fastest competitor either, so that's not in it's favour. There's few projects. Fewer with any reasonable legitimacy. It's just a hyper inflated L2 that has nothing holding it up other than hype and NFTs as fundamentals.

The only thing Solana has been consistent in, is underperforming, having outages, missing road map targets, getting hacked, and making false promises.

How many time does SOL have to be hacked, fucked, and stomped to actually die?

People don't really care about the problem, they only focus on their coins, this is a picture of people who like the coins, some of these people are one of the reasons why they began to be abandoned, because this chaos could not be overcome perfectly, maybe the difference Between the blockchain and the coin holder is not directly involved, so this problem is still considered normal or it could be the opposite

Sometimes the possible profit is what main focus of the investors who keep buying it and since its ecosystem has so many investment choices to pick then provably this one create demands to their coin. But actually if we want for long term I guess we shouldn't trust this since maybe the same scenario which happen to Terra/UST might also happen to them so we need to open up on those consequences so that we will not encounter any huge loss.

That's why long and short-term investments cannot be made on certain coins, because there are enough options to invest in crypto, you only need to make the right analysis to choose some decent coins, if we are stuck on coins that do not have the strength to strengthen, then invest what we do will never grow, and because of too much demand the ecosystem creates opportunities for them, but the end result is very much dependent on the strength of the coin itself