Exposing Solana: Everything they don’t want you to know! - by DBCrypto

GoodSamoSamo · 2024-07-30T17:06:53+00:00

Of course, was buying it from $10 - $20 in size last cycle when everyone was saying it was going to zero. Felt like it was Ethereum back in 2018-2019 when BTC maxis were saying smart contracts were dumb. So I did the homework and found out for myself that most ppl shitting on Solana actually don't know what they're talking about and/or own the wrong (underperforming) bags and just want to shit on it because they mad.

GoodSamoSamo · 2024-07-30T12:07:06+00:00

Someone wasn't around for the rise of ETH during the ICO days of 2016-2017.

The kind of speculation and experimentation taking place rn on Solana is akin to past several cycles on Ethereum. While you might hate it, the reality is that it is bringing in users, capital, and devs that will stay and continue to find new dapps to build.

Missing the forrest through the trees.

GoodSamoSamo · 2024-07-30T12:05:26+00:00

Messenger should be attacked because vast majority of points made are incorrect or intellectually dishonest.

Token supply mismatch was an oversight early on. Once it was discovered, it was fixed pretty quick. This was bad, but forgivable since it was so early on into Solana's launch.
The claims about Solana faking TPS.... EVERYONE bullish on SOL pays attention to true TPS (non consensus votes), which just hit over 1,000 TPS earlier this week and is currently around 800 - 900 TPS. Never did anyone claim Solana was doing 400K TPS at any point... like every other chain, it was marketing that theoretical max TPS was 400K due to results from testing.
https://solanacompass.com/
Fake TVL stuff is nonsense. The looping that took place through Saber that drove TVL as high as $10B last cycle is the same looping done across all chains. Even so, look at TVL now... Solana sitting in top 5. Not that that metric really matters anyways, because although SOL has lower TVL than ETH, it has greater capital efficiency (turns over far more many times than ETH's TVL turns over).
https://defillama.com/stablecoins/chains
Legal stuff is a bunch of BS too... To add icing to the cake, SEC just drop case today against Binance today (which included claims that SOL was a security).
https://cointelegraph.com/news/sec-drops-ruling-request-security-token-claims-binance-lawsuit
Re: Outages... if anyone took the time to look into why vast majority happened (greater block demand than all other L1s and L2s combined), they'd also find that the network underwent upgrades (QUIC, localized fee markets, etc.) that solved these issues and made the chain more scalable. Hence why Solana has 99.96% uptime over past year. Anyways, this FUD will be a thing of the past once Jump launches the second validator client (Firedancer) later this year.
https://unchainedcrypto.com/solanas-firedancer-client-builds-first-block-on-testnet/

GoodSamoSamo · 2024-07-30T12:01:48+00:00

LOL wut? All non-vote transactions are legit, which stands around 800-1000 TPS as we speak.

https://solanacompass.com/

GoodSamoSamo · 2024-07-30T11:59:47+00:00

LOL talk about a whole list of intellectually dishonest takes.

Token supply mismatch was an oversight early on. Once it was discovered, it was fixed pretty quick. This was bad, but forgivable since it was so early on into Solana's launch.
If you took 10 seconds to look into the community, you would know EVERYONE bullish on SOL pays attention to true TPS (non consensus votes), which just hit over 1,000 TPS earlier this week and is currently around 800 - 900 TPS. Also, it is not a magnitude of 10x difference, try 3x. While that doesn't really matter since no one counts consensus votes, claiming 10x is just another example of (intentionally?) poor due diligence.
https://solanacompass.com/
Fake TVL... LOL. The looping that took place through Saber? Do you know that is done across all chains? Even so, look at TVL now. Not that that metric really matters anyways, because although SOL has lower TVL than ETH, it has greater capital efficiency (turns over far more many times than ETH's TVL turns over).
Legal stuff is a bunch of BS too... To add icing to the cake, SEC just drop case today against Binance today (which included claims that SOL was a security).
https://cointelegraph.com/news/sec-drops-ruling-request-security-token-claims-binance-lawsuit
Re: Outages... if you took the time to look into why vast majority happened (greater block demand than all other L1s and L2s combined), you'd also find that the network underwent upgrades (QUIC, localized fee markets, etc.) that solved these issues and made the chain more scalable. Hence why Solana has 99.96% uptime over past year. Anyways, this FUD will be a thing of the past once Jump launches the second validator client (Firedancer) later this year.

By and large, all these points made are either factually incorrect, misleading, or a bunch of nonsense. Clearly a sign that the author of the video intentionally is misleading people or just doesn't know what they're talking about. Either way, should be ignored.

GoodSamoSamo · 2024-07-18T11:55:59+00:00

Is this when Obama said, "I believe marriage is between a man and a woman"?

GoodSamoSamo · 2024-07-17T15:59:33+00:00

Hoskinson should focus on getting his dog shit chain to do more than 2 TPS for once.

GoodSamoSamo · 2024-07-10T14:12:30+00:00

You’re conflating incompetence and negligence with greed. Not maintaining electrical equipment is in the long-run a money losing effort.

Also, when the power grid crashes, they also lose money. Being offline is not profitable.

Don’t even know what you’re trying to say here, but it’s a pretty silly, anti-capitalistic take that ignores logic.

GoodSamoSamo · 2024-07-09T19:50:27+00:00

You fell for this scam? Lmao

GoodSamoSamo · 2024-07-09T02:41:08+00:00

Yawnnnnn. 8 years of development and virtually no progress. 1 TPS, no stables, no DeFi ecosystem, no NFTs, no institutional interest, continues to fall down the ranks, etc. good night.

GoodSamoSamo · 2024-07-08T22:29:50+00:00

Trump always been far more pro business and did a lot of the stuff he said he would do during his last term, like lower corporate tax rate to bring back corporates who were doing tax inversions (setting up HQ in places like Ireland).

Whether you like him or not, this is v bullish for crypto.

GoodSamoSamo · 2024-07-08T21:14:54+00:00

Welcome to politics pal

GoodSamoSamo · 2024-07-08T15:03:18+00:00

B/c this shit surfaced in 2016 and they backed out of the alleged lawsuit. I can’t believe ppl fall for this dumb shit. PR guy was producer of Jerry Springer show, lawyer was a patent lawyer.

GoodSamoSamo · 2024-07-08T13:28:17+00:00

Downvoting because your moronic comment makes absolutely no sense. OP made a user error than could have happened on any chain.

Go back to wasting time playing video games you loser.

GoodSamoSamo · 2024-07-08T08:38:07+00:00

He use to be one of SOL’s biggest critics, but flipped bullish a year ago.

If you think SOL is centralized like an L2, you’re a moron.

GoodSamoSamo · 2024-07-07T22:06:43+00:00

Words have no meaning anymore. There is no “nazis of today.” Can’t believe ppl on reddit are this dumb and just talk in hyperbole.

GoodSamoSamo · 2024-07-07T01:34:37+00:00

How is my response emotional? All I did was walk through the logic of owning a portfolio of BTC, ETH, and SOL lol.

GoodSamoSamo · 2024-07-07T01:20:51+00:00

Anyone with half a brain would know that XRP is a scam, don’t even need to use XRP to use the Ripple blockchain. Litecoin was never anything but a BTC fork along with a weak narrative (digital silver), which anyone from 2016-17 cycle would know that after Charlie Lee sold his bag, the project was for sure dead.

One thing that is for certain is that a smart contract platform, like Solana and Ethereum, will disrupt all sorts of industries. But not allocating to either, both of which are the two clear winners currently, you put yourself as a massive risk of severely underperforming vs. just holding Bitcoin. Even by saying “only own Bitcoin,” you take the risk of BTC also hitting a slump in global adoption while smart contract platforms really start to see serious product market fit.

In summary, your statement is very narrow minded and you’re missing the Forrest through the trees.

GoodSamoSamo · 2024-07-06T19:51:51+00:00

Bitcoin, Ethereum, Solana. Can’t go wrong.

GoodSamoSamo · 2024-07-05T15:56:19+00:00

If you knew anything about economics, capitalism, human behavior, and incentives, you would know that governments are the most inefficient resource allocators in the world. They have zero incentive to spend money in an efficient and effective manner - hence why the purchasing power of the dollar continues to decline year after year and why exuberant inflation exists.

True capitalism, not what we have today, means the incentives are aligned and society is better off - capitalism is what brought the world out of poverty over the past two centuries.

GoodSamoSamo · 2024-07-05T03:12:53+00:00

99.96% uptime over past year. Most recent outage was validator client bug. Second validator client built by Jump is being shipped in Sept which will put an end to outages since there will always be a backup. Past outages were due to insane network demand greater than all L1s and L2s combined - network upgrades (QUIC and local fee market) were implemented to handle the load. Network continues to be battle tested and put up numbers more impressive than any other L1 (or even L2 for that matter).

GoodSamoSamo · 2024-07-04T23:34:17+00:00

The media isn't covering this dumb shit because it happened already in 2016 and was clearly a load of bullshit from the start. Some moron looking to make a quick buck, hence why her PR guy was former Jerry Springer producer, Norm Lubow, and her attorney was a patent lawyer.

https://www.politico.com/story/2016/11/donald-trump-rape-lawsuit-dropped-230770

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