Another Ethereum killer? The next Bitcoin?

[bbc.reporter]

I would have trusted his word as Solana the Ethereum killer and believed him if Solana did not have a network outage on September 14. Also, I like Sam Bankman-Fried. He will be the next Jeff Bezos of the world, I reckon. However, shilling Solana as something that would become the next Bitcoin, as mentioned in the article, is a scam statement. I did not expect such things to come out from him, who is supposed to guide the community.



Bankman-Fried adds that Solana’s market cap could exceed Ethereum’s market. However, it is hard to make a concrete prediction. But one thing that cannot be disputed is that Solana fixes a lot of problems with Ethereum. These include high gas fees and low transaction rates. Subsequently, many have dubbed the network “ethereum killer.”

Bankman-Fried believes that in terms of scale, not many blockchains could compare to Solana. Earlier this month, he spoke at Yahoo Finance and Decrypts’s “Crypto Goes Mainstream” conference.

“Solana is one of the few currently existing public blockchains that has a really plausible roadmap to scale millions of transactions per second at you know, fractions of a penny per transaction, which is a scale that you need for this,” Bankman-Fried said.

“That is not where a lot of other blockchains have been focusing, including ethereum.”

Read in full https://www.newsbtc.com/news/solana/solana-could-become-the-next-bitcoin-according-to-ftxs-sam-bankman-fried/

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[danherbias07]

There's a ladder but he is trying to bypass it by using an elevator and going up as high as Bitcoin. I think that's too much.
Instead of getting more support, the results of these shills could be the other way around because of his statements. Should've thought about it before opening his mouth. Maybe he should also think about getting a PR so that they could filter whatever he wants to say or edit it and clean up his mess.
He is doing good but may ruin everything he worked hard for with just simple mistakes like these claims.

[Ararbermas]

Me too, it's impossible to beat ethereum as its the most reliable crypto in the market than other alts.. And indeed there's a bunch of competitors when it comes ethereum ever since before but until now they can't even shows a sign to convince investors and etc that they still have potential to flip ETH.. Lol
And probably that's what happening to SOL right now wherein at first there's an impressive performance but after all it will struggle.. Just saying.  

[michellee]

Not in the near because Ethereum getting more supports from the investors and we see the price can sustain at more than $4,000. Sooner or later, the price will increase more than that and maybe it will break to $5,000. Solana has a chance to grow bigger but still, it needs time and that will not happen in a short time. We can invest in Solana and hold it like we hold Ethereum so we will have a chance to make more profit from both Ethereum and Solana. I am hoping that Ethereum and Solana will be my way to make more money and I do not think Solana is a competitor for Ethereum.

[passwordnow]

I would agree about Ethereum, despite I'm an Ethereum holder. The same issue is being addressed again and again about the fees. I'm a believer on it and looking forward to the greatest value that ETH can show. Maybe solana can be at least next to it or be par with it.
But going on that far about bitcoin, that makes it a total waste of someone's idea that he shouldn't have to tell things like that because it would surely be dropping his thought and credibility towards bitcoin to the crowd.

[Queenboss]

Several projects have been proclaimed to be the ethereum killer and next to Bitcoin and Solana isn't the first. I understand that ethereum has some challenges as the transaction fees are quite high and so many projects are considering alternatives but that doesn't make ethereum any lesser.

[budlo]

Solana has really shown good ecosystem growth lately and personally I got a good impression of interacting with products on this blockchain. Not everything is going smoothly and I'm inclined to believe that in the future the network will "pause" more than once as it wasn't so long ago.
At the moment I think that Solana isn't in vain among the top projects but Sam is certainly exaggerating.

[aprilnot]

I admit the fact that solana is currently better off is true. but what he's saying is the next bitcoin, it's so absurd. he was very confident in what he had to say about this. it really looks like a shilling to make solana look really good. I still accept if solana is said to be the next ethereum, or ethereum killer. but not if it's about the next bitcoin or better than bitcoin.

[susuberuang]

I don't think Solana can beat Ethereum because we know that too Ethereum is one of the most accessible exchange platforms for the public Even though now Solana's market cap can exceed the Ethereum market.
But this news is also the same as the news in previous years when there was a new coin competing with bitcoin.

Ethereum is not an exchange platform, but a wallet platform that has had an extraordinary update and can be multiwallet too through the application, so Ethereum is not an exchange platform, and for Solana it is clear that it will not be able to surpass Ethereum because currently Ethereum is also experiencing a very good price increase in the market.

[Looper_U]

Flipping is one thing and taking over is another, solana can flip ETH at some point but won't be the same for long, I've been in this space for years and I've seen some new projects doing so well in few years of launch, they took over top ten altcoins but after a while they lost the position, some even go down to under top 300, solana is good to say the truth but Ethereum will remain the favourite

[Coin_trader]

I don't understand why we want some project to kill other project just to get its marketcap. In reality it will not gonna happened the project itself becomes dead or obsolete. Even Bitcoin has a lot of competitors out that has better performance and yet people still choose own it because its valuable to the community. I think this blockchain will just coexist even some project is better to the others. At some point most of the holders are traders so everytime the coin of a certain project is losing value, They will usually flip and go over there just to catch the profit on buying cheap tokens. There's no way one token can dominate them all except Bitcoin.

[LogitechMouse]

When EIP1559 has released, many expected that the gas fees of Ethereum will drop significantly because of that. What is the end result? Same problem. Gas Fees of Ethereum is still high as of now.

With this problem of Ethereum, many projects are finding another blockchain that will support their project. Projects such as Binance Coin, Solana and Cardano are the ones who are popular right now when it comes to smart contract. TBH, I'm quite surprised with how Solana's price spiked within the last months but to claim that Solana will exceed Ethereum's market cap is far from reality. There are still projects that are under Ethereum right now and there will still be some.

The reliability of Ethereum compare to these other smart contract projects makes it at the top 2 in terms of market cap and aside from that, there are still other reasons why Ethereum is still at the top 2 right now and in fact I think that we might see it go at the $5,000 price. Maybe when he said that Solana is something that would become the next Bitcoin, he just woke up from his beautiful dream. Kidding aside, this will not happen.

[Rahman11]

The second largest cryptocurrency commands a market cap of more than half a trillion — more than 7 times higher than Solana. ... Market experts said Solana could dethrone Ethereum in the long term. "Solana should be able to strengthen its developer community.

[oemar bakrie]

could be like that..break new ground by reducing gas costs because ethereum is currently very high with such a move it will reduce market interest about ethereum and start moving to solana which is starting to show very high value and very high market interest as well..

[bbc.reporter]

I would agree about Ethereum, despite I'm an Ethereum holder. The same issue is being addressed again and again about the fees. I'm a believer on it and looking forward to the greatest value that ETH can show. Maybe solana can be at least next to it or be par with it.
But going on that far about bitcoin, that makes it a total waste of someone's idea that he shouldn't have to tell things like that because it would surely be dropping his thought and credibility towards bitcoin to the crowd.

I am not quite certain that it would be Solana that kills Ethereum. I speculate other blockchains that are EVM compatible would be more possible to replace Ethereum because it would be more convenient for the projects that uses the ERC20 standard to port them. We are presently witnessing this in some projects where they issue in both Binance smartchain and Ethereum.

However, this is Sam Bankman-Fried, the future Jeff Bezos of the cryptospace. He might have a roadmap to kill Ethereum hehehe.

[passwordnow]

I would agree about Ethereum, despite I'm an Ethereum holder. The same issue is being addressed again and again about the fees. I'm a believer on it and looking forward to the greatest value that ETH can show. Maybe solana can be at least next to it or be par with it.
But going on that far about bitcoin, that makes it a total waste of someone's idea that he shouldn't have to tell things like that because it would surely be dropping his thought and credibility towards bitcoin to the crowd.

I am not quite certain that it would be Solana that kills Ethereum. I speculate other blockchains that are EVM compatible would be more possible to replace Ethereum because it would be more convenient for the projects that uses the ERC20 standard to port them. We are presently witnessing this in some projects where they issue in both Binance smartchain and Ethereum.

However, this is Sam Bankman-Fried, the future Jeff Bezos of the cryptospace. He might have a roadmap to kill Ethereum hehehe.

We don't know what's with it and if there's really a road map for him to stand with what he says. But you're right that most projects today are supporting two chains and even three chains.
But the main chains as erc20 and bsc, these are the standards of most project today and they never let go of erc20 despite the issue about the fees.

[Webetcoins]

I don’t think I saw anywhere in the article that you posted where he said that solana is going to beat Bitcoin. He only kept mentioning ethereum, and not Bitcoin, and I’m not doubting that solana can one day have a huge market cap that might overtake ethereum’s own market cap. It is quite a really good project coming and it has been on the trending list for a really long time, and so far there has been a lot of investors who are interested in it.

But, let us not forget that this is not the first time that we’re seeing a cryptocurrency that has called itself the ethereum killer, so many cryptocurrencies has been released for over the years now and all of them had the same plans of overtaking the number one alternative cryptocurrency in the market. They all end up failing at last, and being put in a position where they belong.

[Abiky]

I would have trusted his word as Solana the Ethereum killer and believed him if Solana did not have a network outage on September 14. Also, I like Sam Bankman-Fried. He will be the next Jeff Bezos of the world, I reckon. However, shilling Solana as something that would become the next Bitcoin, as mentioned in the article, is a scam statement. I did not expect such things to come out from him, who is supposed to guide the community.

...

Bankman-Fried adds that Solana’s market cap could exceed Ethereum’s market. However, it is hard to make a concrete prediction. But one thing that cannot be disputed is that Solana fixes a lot of problems with Ethereum. These include high gas fees and low transaction rates. Subsequently, many have dubbed the network “ethereum killer.”

Bankman-Fried believes that in terms of scale, not many blockchains could compare to Solana. Earlier this month, he spoke at Yahoo Finance and Decrypts’s “Crypto Goes Mainstream” conference.

“Solana is one of the few currently existing public blockchains that has a really plausible roadmap to scale millions of transactions per second at you know, fractions of a penny per transaction, which is a scale that you need for this,” Bankman-Fried said.

“That is not where a lot of other blockchains have been focusing, including ethereum.”

Read in full https://www.newsbtc.com/news/solana/solana-could-become-the-next-bitcoin-according-to-ftxs-sam-bankman-fried/

Let's not get ahead of ourselves here. I mean, every competing smart contract platform claimed to be the "next Ethereum killer" only to fail doing so in the long run. EOS was once hailed to be "Ethereum's successor" only to become practically abandoned by people in the mainstream world. The platform is mostly used for gambling these days, with a very small ecosystem built around it. And don't let me get started on Ethereum Classic. What makes you think Solana will be any different?

Believe me, none can outmatch Ethereum's level of decentralization and censorship-resistance. It's not about cheap fees or blazing-fast transaction confirmation times, but rather security, reliability, and most of all, decentralization. Solana faced a network disruption some time ago, putting the Blockchain almost to a "halt". This shows us the alternative smart contract platform isn't as decentralized and reliable as Ethereum. As long as competing chains are missing this, ETH's position as the second-largest cryptocurrency by market cap will remain unchanged. Just my opinion

[molsewid]

I don’t think I saw anywhere in the article that you posted where he said that solana is going to beat Bitcoin. He only kept mentioning ethereum, and not Bitcoin, and I’m not doubting that solana can one day have a huge market cap that might overtake ethereum’s own market cap. It is quite a really good project coming and it has been on the trending list for a really long time, and so far there has been a lot of investors who are interested in it.

But, let us not forget that this is not the first time that we’re seeing a cryptocurrency that has called itself the ethereum killer, so many cryptocurrencies has been released for over the years now and all of them had the same plans of overtaking the number one alternative cryptocurrency in the market. They all end up failing at last, and being put in a position where they belong.

I have read and heard many people saying that this kind of project will going to be an "Ethereum killer" or would going to replace Ethereum or bitcoin in the most common and trend token but none of them have proven so far. Though I do appreciate the usecases of Solana and no doubt that it is a good project indeed however there are already other projects that has the same feature or usecase as Solana were trying to provide, Binance is also present in the picture so I think it's quite impossible though I love Solana projects.

[jrrsparkles]

We have to see this as just another article about cryptocurrency and nothing new, ethereum killer and next bitcoin becomes commanly used words in these days, so just read and laugh at it.