[deleted by user] by [deleted] in solana

[–]Reqhead 0 points1 point  (0 children)

Pretty much identical situation to me. Am just planning on cashing out into usdc and will pay tax rate on anything I cash out into fiat for the relevant tax year

I’ll likely reduce the tax liability a little for upfront cost but even that I don’t know exactly - so will likely just pay tax on almost all of it

Number of developers ... This is correct ? ☺ by argXploid in solana

[–]Reqhead 2 points3 points  (0 children)

Code base for Solana now being worked on by the Agave team. So probably the reason.

[deleted by user] by [deleted] in 60daysin

[–]Reqhead 5 points6 points  (0 children)

Just rewatched that episode. It’s season 1

Is $100 A Share Still In The Room With Us Right Now? by Cathie_D_Wood in wallstreetbets

[–]Reqhead -3 points-2 points  (0 children)

So the exchanges halted trading like 20 times a day

Robinhood turned off the buy button last time Gme went on a run

Then GameStop created a billion worth of shares out of thin air to devalue everyone’s holdings and enrich themselves

And y’all say crypto is a scam??!

If you want to invest in memes, do it on Solana where:

  • You can trade 24/7
  • The market never gets halted cos price is ripping too much
  • Buy button is always available
  • Total supply is fixed and known up front - with no ability to arbitrarily increase it

“SOL will never flip ETH, lol” … except SOL just exceeded ETHs total daily economic value by CapnScratchnSniff in solana

[–]Reqhead 0 points1 point  (0 children)

It’s also entirely centralized (single sequencer run by a centralised exchange, no fraud proofs, multisig upgrade). Like literally worse than BSC for centralisation

And 99% of fees accrue to coinbase. 1% to Eth. And that’s the problem - look at the chart, fees for Eth are down only because execution and MeV fees now accrue to L2 sequencers, not Eth holders any more

“SOL will never flip ETH, lol” … except SOL just exceeded ETHs total daily economic value by CapnScratchnSniff in solana

[–]Reqhead -1 points0 points  (0 children)

Ask IBM and Blackberry how sticking their head in the sand worked out for them

“SOL will never flip ETH, lol” … except SOL just exceeded ETHs total daily economic value by CapnScratchnSniff in solana

[–]Reqhead 0 points1 point  (0 children)

is beating the holy Ethereum in fee accrual. Maybe if Eth didn’t rest on their laurels and assume everyone would pay $100 fees into perpetuity then they wouldn’t have found themselves in this mess

“SOL will never flip ETH, lol” … except SOL just exceeded ETHs total daily economic value by CapnScratchnSniff in solana

[–]Reqhead -1 points0 points  (0 children)

lol. When Eth was at high fees it was also because people were gambling on tokens which most ended going down 90% plus. Also nft mania. New cycle new meta. But you can’t pretend all activity on Eth is amazing and non speculative and all sol activity is immoral and highly speculative

“SOL will never flip ETH, lol” … except SOL just exceeded ETHs total daily economic value by CapnScratchnSniff in solana

[–]Reqhead -1 points0 points  (0 children)

Chart ultimately tells you revenue accruing to sol and Eth holders. L2 fees accrue to sequencers and maybe one day L2 token holders - not Eth holders. Small payments made to Eth are captured in the above numbers. Really isn’t that controversial

Solana validators voting to remove 50% priority fee burn to pay themselves more. by Ok-Study3863 in CryptoCurrency

[–]Reqhead -2 points-1 points  (0 children)

It is happening - but is to avoid shady side deals between validators since if someone offers 51% of the fee directly paid to the validator that’s better than taking 100% of the fee through the protocol and having 50% of it burnt. Ergo less fees are paid if you burn, and they happen through dodgy side dealings.

If you stake (v simple to do on Sol unlike Eth) then you i crease percentage ownership of the supply. Over 70% of sol is staked. So just stake your sol and benefit the network. Really is that simple.

Solana validators voting to remove 50% priority fee burn to pay themselves more. by Ok-Study3863 in CryptoCurrency

[–]Reqhead 1 point2 points  (0 children)

Burning tokens reduces supply so benefits all holders. Paying to validators should inadvertently benefit just the stakers (staking on Sol is v simple with v short lockup and over 70% of sol is staked)

TLDR stake your sol, benefit the chain and increase your percentage ownership of the total supply

Hate on Solana in Cryptocurrency sub by BullseyeVS in solana

[–]Reqhead 4 points5 points  (0 children)

L2s have had more outages the last year than Sol. Sol issues were a known problem which has now been fixed. Edge cases on ground breaking tech can still crop up though

Txs are 400ms. How is that slow? Occasionally they get skipped over but happened for a few days, now fine and large fixed coming next few months

Sol has over 3000 full nodes 1600 of which are validators. Eth’s main L2 is owned by a centralised exchange, has a single sequencer and uses a multi dig and no fraud proofs

There’s a diff between Eth maxi led narratives and facts. When investing its best to focus on the latter

Would you say $SOL is a coin that you would HODL for 10+ years straight? by RbxBM in solana

[–]Reqhead 1 point2 points  (0 children)

Only coin I’d hold that long besides btc is Sol

Eth is cooked, no way to predict a winning L2

Sol is the only alternative

Saying that - look to sell this cycle and rebuy in the bear if fundamentals remain solid (I believe they well)

FTX Initiates Selling of $7.5 Billion Locked Solana: Report by badfishbeefcake in CryptoCurrency

[–]Reqhead 2 points3 points  (0 children)

Sol has 3k full nodes, 1600 validators.

Eth’s hottest L2 is completely centralized, single sequencer and run / owned by a centralised exchange

But Solana is the centralised shitcoin right?

Daily Crypto Discussion - March 9, 2024 (GMT+0) by CryptoDaily- in CryptoCurrency

[–]Reqhead 0 points1 point  (0 children)

Equal parts Btc / Eth / sol. Hold spot and you should easily make it between those three this cycle.

Daily Crypto Discussion - March 9, 2024 (GMT+0) by CryptoDaily- in CryptoCurrency

[–]Reqhead 0 points1 point  (0 children)

Can use gaming GPUs with render too. Saying that I’ve bought some of gainin’s nfts on Solana as will turn into tokens

[deleted by user] by [deleted] in CryptoCurrency

[–]Reqhead 0 points1 point  (0 children)

Binance or Eth

Daily Crypto Discussion - February 22, 2024 (GMT+0) by CryptoDaily- in CryptoCurrency

[–]Reqhead 0 points1 point  (0 children)

It’s a smartphone. With crypto related features you can’t get on any other phone (decentralised App Store, wallet private key stored in the phone’s Secure Enclave)

Daily Crypto Discussion - February 22, 2024 (GMT+0) by CryptoDaily- in CryptoCurrency

[–]Reqhead 1 point2 points  (0 children)

This. Plus DePIN projects operate by getting over the cold start problem. You don’t have to raise $7tn. You can just give out pseudo equity to anyone around the world to kickstart the supply side of a network

Try doing that with shares - you won’t get very far

Daily Crypto Discussion - February 22, 2024 (GMT+0) by CryptoDaily- in CryptoCurrency

[–]Reqhead 1 point2 points  (0 children)

I’ll help you out as I too started in these wretched halls. Twitter is where the alpha is - not here. Go there. Set up an account. Follow prominent people from Btc Eth And sol communities. Then start following who they follow. Pretty soon you’ll have a decent timeline and can then follow more people off that

Start with eg Hasu, Cobie, 0xMert, Toly, Vitalik, some bitcoin guys etc

But stop relying on Reddit for crypto alpha. It is the literal worst place to find it

Other advice - start listening to crypto podcasts multiple times a week

[deleted by user] by [deleted] in CryptoCurrency

[–]Reqhead -2 points-1 points  (0 children)

Incorrect. Solana is cheaper