Why is Solana still a thing?

[rugrats]

It's still a thing thanks to dumb people invested in it because they're ill-informed about it. Most of them dont know what you're talking about, layer 1 or whatever. They invested in Solana because it has a strong front over the twitter or social media where shills for it are rampant. "The next ETH", "Looks at the chart of Sol and see how much it has increased", "It was still under development so problems are expected", "Buy it now cause it was cheap!" all that craps.

solana chain many times face serious probelm that also happen to ethereum, personally i ak dissagree when people still said solana as eth killer or the next eth. Looks its been for years and they always face same problem with network stuck. Maybe this project will be next Luna.²

In spite of the fact that the Solana project has shown its weaknesses and is no longer a promising project, it will not be the second luna.
Luna is a great project and it was dokwon that killed luna and no one else, dokwon's greed destroyed luna. Solana has been quite rushed in building their blockchain and I hope they learn from the past incident and improve it in the future.

[NewRanger]

It's still a thing thanks to dumb people invested in it because they're ill-informed about it. Most of them dont know what you're talking about, layer 1 or whatever. They invested in Solana because it has a strong front over the twitter or social media where shills for it are rampant. "The next ETH", "Looks at the chart of Sol and see how much it has increased", "It was still under development so problems are expected", "Buy it now cause it was cheap!" all that craps.

The strange thing is that these people don't really care what is going on inside the solana itself, they are too easily led into the abyss.
solana is not a tesnet network to be fixed all the time. there are several telegram groups that I follow that say Solana's fate can be like Luna.

if this condition continuesly happen maybe it could be relized, wee see several time solana have problem with its chain and looks like developers team didnt solve it well. Alot investors concern on this issue and feel affraid if luna accident also happen to solana.

[bitkanu]

I think most of the traders just doesn't care, moreover there are many influencers that shill for solana making newbies traders just blindly investing in it, I also agree that matic as its contended is better, though the smart contract is less advanced, it's more similar with ETH and that's enough.
regardless if it's for investments i'd definitely choose matic, it's just by far less problematic than solana.

[re-start]

This guy is a plagiarism monster : https://bitcointalk.org/index.php?topic=1926895.msg60685684#msg60685684
Guys, please ignore him and stop giving him any merit.

[bonyaserg]

Personally, I think the Solana coin has not yet shown its effectiveness in the cryptocurrency market. And everything can change at any moment when the coin begins to grow and show excellent results. I want to say that this is just my opinion and every Solana coin holder may have other predictions.

[Fara Chan]

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

[zasad@]

It's still a thing thanks to dumb people invested in it because they're ill-informed about it. Most of them dont know what you're talking about, layer 1 or whatever. They invested in Solana because it has a strong front over the twitter or social media where shills for it are rampant. "The next ETH", "Looks at the chart of Sol and see how much it has increased", "It was still under development so problems are expected", "Buy it now cause it was cheap!" all that craps.

solana chain many times face serious probelm that also happen to ethereum, personally i ak dissagree when people still said solana as eth killer or the next eth. Looks its been for years and they always face same problem with network stuck. Maybe this project will be next Luna.²

In spite of the fact that the Solana project has shown its weaknesses and is no longer a promising project, it will not be the second luna.
Luna is a great project and it was dokwon that killed luna and no one else, dokwon's greed destroyed luna. Solana has been quite rushed in building their blockchain and I hope they learn from the past incident and improve it in the future.

Does Solana make its own stablecoins, which are backed by Solana coins?
Solana has a very interesting story, when the whales bought back most of the coins, and then sent the price into space.
This ecosystem will work as long as the main manipulators are interested in it. But you need to choose hardware wallets for security.

[ultrloa]

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.

[Abiky]

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?

Solana is "still a thing" because whales are pouring money into it like crazy. This project used to be overhyped back in 2021, so it's very unlikely it'll disappear anytime soon. Average people may abandon the chain, but whales and other big players will remain on board. I wouldn't trust Solana with my money simply because the risks of loss are too high to bear. The network is highly centralized and it's flawed by design.

There are far better alternatives that put their focus on security/reliability on top of everything else. Both Cardano and Polygon (MATIC) are much more reliable than Solana itself, so I'd suggest you invest into these coins for the long haul. Crypto is widely unpredictable so anything could happen in the future. Just my opinion

[Fara Chan]

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

[icalical]

To be fair they did a good shill, I think one of the best organic shill among other dApp project. They do a community hackathon and it's very easy for a non-blockchain developer to start building on their platform. I am not saying that all they do is good, and I am aware of the recent hacking issue. The people behind them might be lying about many things, but people like their product, so it's kinda understandable if some people still put their trust on Solana.

[panjay]

because it's SBF L1 coin? who has a legendary tweet from him.


well aside from that

-they have a good ux wallet on phantom
-mobile phone (https://solanamobile.com/)