@dcinvestor yes I think this is the max pain scenario
Boomers outperforming while ct sidelined in alts
$sol was a great ride and made me a 10X but I now have 7 figures in $ETH
@cousincrypt0@cousincrypt0 what do you think about the argument that most bitcoins bought by ETFs will be locked into ETF
So no rotation from all these HNW individuals coming.
Will @solana ever require Layer 2 solutions? There's nothing stopping developers from creating Layer 2s on Solana. However, Solana's aim is to synchronize a global atomic state machine as fast as the laws of physics allow.
In this end state, any Layer 2, side chain, or zero-knowledge proof valadium amounts to the same thing. They are external execution environments that cannot ensure atomic composition with the rest of the Layer 1 state. Technologies like side chains, data availability validating bridges, and zero-knowledge proof valadiums are innovative and welcomed, but they do not expand the atomic global state machine.
Therefore, this question might not be entirely relevant. Solana is focused on continuing to scale Layer 1 directly, enhancing the single virtual machine instance on that Layer 1, hopefully, with just hardware upgrades in the future.
@pokerchessman most $eth and $btc holders are sidelined
retails still are buying other alts and only a few are trying to get a $sol bag (for now)
too many waiting on the sideline for $sol to dip
I think it's up only for a long time still