solana's nakamoto coefficient numbers are not correct
there's inherent regulatory arbitrage in PoS systems
-> there's some large SOL sale from FTX estate
-> big funds buy
-> they're required to store with a qualified custodian (QC) or directly with the company they bought from (Galaxy)
-> the QCs generally have an enterprise deal or something with someone like Figment
the end result is that Figment and Coinbase are each over 5% of the network (and I'm being conservative)
now combine that with Foundation Delegation program (roughly 14% of stake I think)
so you have something like 24% of the network by those entities
then you just need 3-4 other entities to get 33%
so Solana's Nakamoto Coefficient is actually much closer to ~7 — *not* 21 as a lot of public sources say (like nakaflow)
not great
we need to improve this, and the way to do it is:
i) get QCs to add **all** solana validators that funds can stake to
ii) support solana native teams
iii) realize that you do not need a CEX for staking — Solana has delegation built into the protocol, just put your funds in Squads and then stake from there
I'm not surprised seeing Ethereum underperform given this new picture of Vitalik.
And the sad truth is, it will CONTINUE to underperform until a NEW LEADER is elected.
Vitalik has lost his WEAPONIZED sexual energy.
He now lacks MOTIVATION.
He has TRICKED his brain into thinking he has "completed life."
He could pass away now and his legacy could continue,
For he has fulfilled his biological imperative by releasing his SEMEN.
Vitalik created the SECOND BEST COIN after Bitcoin,
All whilst retaining his semen and using that NOFAPSTRONAUT POWER.
What made ETH so good?
The HYPERAUTISM and social awkwardness of Vitalik.
KNUCKLED DOWN WORKING ON HIS COIN ONLY.
EAT, SLEEP, ETHEREUM, REPEAT.
Now? EAT, SLEEP, RELEASE SEMEN, REPEAT.
His success came from him CONSTANTLY IMPROVING just to be 'good enough' to one day BUST.
EVERY DAY his body and mind made improvement for that to happen.
Now that he's done that, it's over.
The only way Ethereum will ever go up again is with a NEW INCEL WARLORD.
And there is NO BETTER MAN for this job than me.
Retar Dio.