@jessepollak@base@coinbase “Sir we’ve discovered a vulnerability. Our entire chain is controlled by a multisig”
“Great Scott! Who controls it?”
“Us”
“Phew”
“Let’s get beers”
@AdrianoFeria Remember Visa, PayPal, Stripe, Shopify, Robinhood, Grab, and all the startups that “picked” Ethereum and its L2’s?
They all scaled with Solana after piloting on Ethereum.
@AaronSage@mert You've now proven you can't read a chart. Please don't impose your learning disabilities on others.
These charts are fees, which Solana charges for user transactions, pay validators, and also burn part of it. You're literally describing Solana.
@AaronSage Validators do earn revenue through fees as well as through commissions from delegated stake, just like in Ethereum. Half of the fees also get burned, just like in Ethereum.
Why are you misleading your followers and spreading blatant misinformation? Do you hold a short position?
@AaronSage The way you then jump to "printing new tokens" makes a casual reader assume that these tokens are being minted at the team's discretion.
Inflation has followed a predefined schedule, currently at <6% per year. This is low for a Proof of Stake Network, and offset by fee burn.
@hasufl@0xdoug Its security is mainly its Lindyness. It was better for security when it was PoW, but as PoS post-merge it competes against other PoS networks for security value prop.
It’s only 2x better than Solana on decentralization / security with 100-10,000x worse performance.