@KyleSamani@multicoin Your commitment to relentless lying and scamming to enrich yourself is unparalleled, and we a grateful to see you go. I hope no other industry allows you to grift on their people.
If you are into crypto and you are using Solana, you are likely at risk
Solana has a unlimited supply with an inflation of 5.5% yearly.
They basically print tokens out of thin air and devalue your holdings.
Stay safe and stay informed.🫡
@TheAliceSmith I am European. Please US, keep telling us the truth, we are slowly entering another period of censorship and human rights abuse. Help us save free speech.
If you are a Solana maxi, you should be advocating for Solana to become a rollup.
Right now they’re spending hundreds of millions of dollars in inflation just to pay validators, while their decentralization is collapsing exactly as expected given their trade-offs for scaling.
They can’t scale enough to compete with L2s because they have consensus overhead. Their decentralization is collapsing, and they also can’t compete with Ethereum L1 because to scale they need to raise hardware requirements - which destroys decentralization even further. At the same time, they keep printing SOL just to maintain this decentralization theatre (no slashing, no real security).
They are currently in a death spiral, and becoming an Ethereum rollup is the only real fix. But the problem is that they positioned themselves in such a way that they can’t do that anymore - they’ve already made too many major strategic mistakes.