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Author Topic: Solana was recently down, again!  (Read 184 times)
Desmong
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February 27, 2023, 11:29:20 PM
 #21

Solena is a good project for me and I have some holding for long now. We know that the current market is bear so we need to expect anything to happen but surely the market is going to go more bullish with time. It has a good move and many investors do not bother about the movement for now because surely it is going to move well more than it competition coins.

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February 28, 2023, 07:53:02 AM
 #22

I like that we have a thread about LTC that hasn't been down for 11 years. But somehow SOL is in the top 10, and LTC is not...
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February 28, 2023, 11:00:11 AM
 #23

It is normal when a new project that is not fully coordinated properly ends up making the system not run smoothly and lots of problems occur. This already shows that this project is very risky, and there is a possibility that something worse will happen and will make many investors lose money. So be careful when you still have Solana in your wallet.
It's normal when you are building an AAA+ game with a billion moving parts that there will be bugs. But when you are building project that's handling actual finances for people, that's worth ~10-70 billion dollar in the marketcap, then having zero exploitable bugs is quite essential feature.

And Solana dev team STILL has no idea what caused this latest network outage which i find troublesome to say at least.

I like that we have a thread about LTC that hasn't been down for 11 years. But somehow SOL is in the top 10, and LTC is not...
I don't think it's fair to compare these. SOL has problems and i am not in anyway defending them but LTC is not building anything similar to sol.

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February 28, 2023, 11:26:27 AM
 #24

It's disheartening hearing incessant negative news about Solana. I got into the project when the value was over x7 from what we have now and leaving is quite difficult. I'm holding because I feel something good may come out from the token in the next bull run and I don't want to be left out.
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February 28, 2023, 04:05:47 PM
 #25

It is normal when a new project that is not fully coordinated properly ends up making the system not run smoothly and lots of problems occur. This already shows that this project is very risky, and there is a possibility that something worse will happen and will make many investors lose money. So be careful when you still have Solana in your wallet.
It's normal when you are building an AAA+ game with a billion moving parts that there will be bugs. But when you are building project that's handling actual finances for people, that's worth ~10-70 billion dollar in the marketcap, then having zero exploitable bugs is quite essential feature.

And Solana dev team STILL has no idea what caused this latest network outage which i find troublesome to say at least.

I don't think Solana's development process is uncoordinated or not fully coordinated, as far as I know there is only one Solana node variant, and it managed by Solana Labs, Inc(https://github.com/solana-labs/solana).

Also, take a look at, https://github.com/solana-labs/solana/blob/master/CONTRIBUTING.md. The contributing or development information are pretty clear for anyone, they have their own convention, they have its own development process, code review, etc. Solana pretty much has a highly centred development process, so it is coordinated, also, noting how this issue gets resolved. The nature that node operators are few, makes it easy to be coordinated.

The problem is, how could such mistakes that even the root causes are still unknown be able to get merged on the codebase? What is outrageous is it's not the first time. There must be something wrong with the development capabilities and due process.
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February 28, 2023, 04:09:52 PM
 #26

Solana was a good HODL with its features and all. Knowing that this has happened multiple times makes buying even less comfortable. It's not going to be a good idea to buy it anymore. Or maybe this is just the time to buy more? Lol.

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March 01, 2023, 03:35:20 PM
 #27

Most annoying part is that i can't even sell it in Binance as i can't deposit anything even if the network is running again. They are estimating that deposits for sol open in 5 hours or so.
What about on other crypto exchanges? Maybe they still allow deposits and withdrawals because you said the Sol network is running again. Binance is only strict and making sure that things will run smoothly before they continue their operations because they are afraid that it may cause a trouble and they will be forced to refund their users in no time.

I wonder if the newbies even know that there was an era when this wasn't a thing with blockchains Cheesy
What do you mean? Are you referring to the postponement of deposits/withdrawals inside a centralized exchange? I think no newbies will know it because they are only newbies anyway but it's a different story anymore if they will do a research. Maybe this was already written in the book. There was no such thing as this before because all things before operate in a fully decentralized manner and there are still less glitches/bugs in the coins.
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