/biz/ - Business & Finance

[Anonymous No.52340811]

So, Solana only dumped because FTX flooded the market with their huge volumes. However, there is nothing wrong with the fundamentals, the tech, the people behind it whatsoever. Why isn't it a no-brainer to go all-in now?

[Anonymous No.52340861]

>*goes offline*

[Anonymous No.52340902]

>yeah the bl --....-- vestment --...-- MO

[Anonymous No.52340914]

>>52340811
Nothing wrong with the fundamentals? Solana has been the easiest target of fud with fundamentals of all the smart contract L1's by far

[Anonymous No.52340928]

>crypto
>fundamentals

[Anonymous No.52340937]

>>52340914
The only thing propping up its price was Alameda backing. With that gone, what does it have left?

[Anonymous No.52340942]

>>52340811
>nothing wrong, except defi tlv is fictional and backed by...nothing
>sollet bridge assets collateral...not found

[Anonymous No.52340966]

>>52340811
Bagholding hands typed this.

>Please give me exit liquidity above my intial

[Anonymous No.52341033]

>>52340861
fpbp

[Anonymous No.52341074]

>>52340966
this. obv Solana will pump again but betting on it now is nigger behaviour

[Anonymous No.52341112]

>>52340811
>fundamentals
>chain crashes every week
nice fundamentals

[Anonymous No.52341122]

>>52340966
I don't hold any Solana.

[Anonymous No.52341147]

>Biz seething because they want to buy lower.
Many such cases.

[Anonymous No.52341244]

>>52341122
>Why isn't it a no-brainer to go all-in now?
>I don't hold any Solana.
The cope of the solana bag holder knows no bounds.
Please buy yourself some dignity (DIG).

[Anonymous No.52341278]

>>52340811

Are you fucking kidding me

> DECENTRALIZED BLOCKCHAIN that GOES OFF INTERMITTENTLY
> Numerous dev teams insist on using Pyth THE ORACLE THAT GOES DOWN INTERMITTENTLY AS NEEDED SO PEOPLE DON'T GET LIQ'D
> Bridged assets THAT ARE NOT BACKED like SoBTC

You can write contracts in Rust on AVAX as of yesterday. Solana is completely blown the fuck out. I can see it surviving but honestly it's time Basedlana faggots admit that they were sucking Chosen Cock smelling each others farts at breakpoint and not really invested in serious tech.

Good night sweet prince. You had a good run.

[Anonymous No.52341657]

>>52340811
How retarded are you OP?

[Anonymous No.52341665]

>>52340811
WHY IS IT NOT DUMPING YOU TOLD ME THAT 1 BILLION DOLLARS WAS GOING TO BE UNSTAKED

[Anonymous No.52341751]

>there is nothing wrong with the fundamentals, the tech

you mean the tech that caused their network to completely shut down 8 times already?
yeah... no thanks

[Anonymous No.52341790]

>>52341751
Solana is a new tech, 2 years old, every major tech project has this kind of problems until it gets stabilised, Ethereum had worse problems.

[Anonymous No.52341867]

>proof of discord
>always offline
solid buy bro

[Anonymous No.52341962]

I saw that a large amount of Sol was to be unlocked by today. But when I looked at the link this morning, the timer showed another two days.

Can someone explain this to me? Yes I'm a retard and I SOLd the bottom thinking it would go lower. Even if I lose my money I just want to understand what happened.

[Anonymous No.52342130]

>>52341962
Because /biz/ got cucked again, the price is stable and rising, I lost an opportunity to profit for listening to these bitcoin jihadi cultists.
But yes there seems to be some unfunded tokens going around the Solana chain that are linked to TFX, but so far seems stable.

[Anonymous No.52342159]

>>52340811
spend real money on magic internet coins that do nothing?

[Anonymous No.52342197]

>>52342130
>the price is stable and rising
SOLtards have less dignity than LUNAtics and BitConnectards.

[Anonymous No.52342229]

it only had its valuation because SBF bankrolled it and every ecosystem project

the so called tech
>All validators lose money
>KYC validators if you want subsidies from foundation to not lose money
>chain is turned off several times a year
>classical consensus
>fudged TPS
>slower finality than many competitors
>single VM
>monolithic - can't scale to meet demand

[Anonymous No.52342290]

>>52342130
all of the solana BTC is worthless/unbacked

[Anonymous No.52342322]

>>52340811
>However, there is nothing wrong with the fundamentals, the tech, the people behind it whatsoever.

If you really believe this, kill yourself. Or even better, I just left a stool on my toilet, you should pay me for it since it's fundamentally better than Solana.

[Anonymous No.52342321]

>>52340811
because the L1 meme was last year and is now dead

[Anonymous No.52342454]

>>52342197
>"LOL LMAO Muh decentralized Bitcoin blockchain has a capacity for 7 Transactions per second with an ExaHash processing capacity and range terawatt energy consumption, is a hedge against inflation and storage of value because the fed is le bad"

Fuck You bitcoin degenerates! you promised me a bloodbath yesterday and I saw nothing!.I DEMAND THE PROMISED BLOODBATH!

[Anonymous No.52342485]

>>52340861

[Anonymous No.52342564]

>>52342454
are there any serious tokens/projects besides that shit on SOL chain or have they gone out of fashion by now

[Anonymous No.52342701]

>>52342454
You can't have high TPS without re-centralization.
It's like a law of physics you can't change that no matter how hard you wish it.
Solana is a public mysql database run by a bunch of crypto illiterates and even with such low bar it's still failing at it...

[Anonymous No.52342898]

>>52342701
nano fixes this

[Anonymous No.52343231]

>>52342701
>You can't have high TPS without re-centralization.
You cant have high TPS with the wrong architecture, bitcoin was never meant to expand beyond drug traficking, weapons, and CP on the deep web.

You simple cant, the bitcoin architecture was made with flaws to prevent mass adoption, the problem is that when speculators jumped into the bandwagon also brought the normies with them and the network never had the architecture to handle its current use, for that reason the capacity of bitcoin is on the exahash levels consuming terawatts but cant handle more than 7 TPS.

[Anonymous No.52343251]

>there is nothing wrong with the fundamentals

Solana fundementals always were absolute dogshit, FTX backing is the only thing that kept it afloat

[Anonymous No.52343612]

>>52343251
why the fuck is it pumping then?

[Anonymous No.52343968]

>>52343231
>bitcoin was never meant to expand beyond darkweb stuff
>all transactions on the blockchain so glowies can track you anytime 20 years later
>no privacy tools whatsoever but shit mixers

Holy fuck, the absolute state of /biz/.
I know why you will hold these SBF bags while everyone with triple digit IQ shorts all FTX-related shitcoins until they're 6 feet deep.

[Anonymous No.52343998]

>>52343612
>pumping
Zoom out, baggie.

[Anonymous No.52344016]

>>52340811
>there is nothing wrong with the fundamentals, the tech, the people behind it whatsoever.
Yeah nothing

[Anonymous No.52344204]

>>52340811
There are 25 L2 for Ethereum. It only takes one to make Solana obsolete.

[Anonymous No.52344273]

>>52344016
Kek

[Anonymous No.52344312]

rip bozo

[Anonymous No.52344365]

>>52343231
>You cant have high TPS with the wrong architecture,
Read >>52342701 again, it has absolutely nothing to do with architecture or tech, it's a law of nature, it's decentralization or high tps.
Can't have both that's just how it is.

[Anonymous No.52344375]

>>52340811
why would you go all in on shitcoin that has had 8 outages and was only successful because a rat kike operative bought his way in and was pumping it? Plus gave millions in bribes to keep the admin on his side?
Sol is total shit which is why kikeman shorted every other competitor into the dust.
Way better chains than this anon.

[Anonymous No.52344404]

>>52344365
umm not true dumb monkey, Algorand has never had a fucking outage and runs blazingly fast.
The difference when you have a Turin award winner create the chain and a some monkey from San Diego.
Thanks for playing though nigger.

[Anonymous No.52344443]

time lock on withdraw <- This is the worst thing in staked coins. It was this that killed SOL not FTX. The same will happen with ETH when withdraws are enabled. Till then enjoy profits and the strong buy pressure, after that is only sell pressure (yeah im considering the stake mechanism + burn = it sucks)

[Anonymous No.52344453]

>>52343968
>while everyone with triple digit IQ shorts all FTX-related shitcoins until they're 6 feet deep.

Would have profited if those triple digit IQ dudes would not have been wrong about the "Incoming bloodbath" while the bitcoin cultists throwing around FUD, all without the risk of shorting.

[Anonymous No.52344553]

>>52344404
>>52343231
>Look at my blazing fast one million TPS virtual currency based on a sharded Sqlite database.
High TPS is inversely proportional to decentralization.
It's one or the other, you are fantasizing about breaking the law of nature.
How many times this lesson will have to be learnt?

[Anonymous No.52344765]

>>52344553
AVAX wants to have a word with you

[Anonymous No.52344864]

>>52341790
kek SOL is older than Avalanche which has been running smoothly for almost two years now and through every single one of these market blood baths flawlessly. SOL has a fundamentally busted consensus model that requires a bunch of janky engineering to try to duct tape it together and as you've seen it often doesn't hold.

[Anonymous No.52345670]

>>52344765
>AVAX committees are better than ALGO committees
Why crypto-illiterates never noticed that every single centralized high TPS coins always comes up with a new term for the "super" elected nodes?
Federation, Oracle, Master node, Hyper node, Meta node, Arbitrator, Aggregator, Committee, Augur, Assembly, Crowd, Convergence, Confluence...
It's laughable how easy it is to fool brainlets.

[Anonymous No.52345687]

if solana fucking dies nfts are going to die for good and my zoodao bags will never see the light of day god fucking damnit the world is actively conspiring against me

[Anonymous No.52346145]

>>52344553
>The holy white paper of satoshi nakamoto, an unkown person that no one knows if he exists, but he handed us the holy white paper of toy currency that is perfect and cannot be improved or changed, that is true because satoshi nakamoto is a prophet of god that wanted us to be free from central bankers who are evil and want us poor.

Yeah sure... Bitcoin is more like a religion cult than a rational aproach to technology, the only redeeming trait about bitcoin is the lighting network, otherwise those de-centralized PoW bitcoin forks are doomed to failure.

Daily reminder that bitcoin failed in all its promises, its value is trending downwards in a context of high inflation, you cant do more than 10 TPS and have to consume a horrible amount of resources that hurt people, the environment and the real economy.

SATOSHI NAKAMOTO! KING OF THE SHITCOIN!

[Anonymous No.52346481]

>>52345670
What comities does AVAX have?

[Anonymous No.52346550]

>>52344864
So many fags only bother to understand how one network works because it takes a lot of effort and they are proud of themselves for learning one. You see this most evidently with ADA cucks thinking they have revolutionary tech but it applies to everyone. Most solana cucks will never bother to understand avax and will continue to believe they have great tech lol

[Anonymous No.52346601]

>>52346550
its branding and attrackting egg heads to build. Reddit doesnt build, neither does 4chan or twitter, and there is only one chain that attracts more devs than ponzi players, a shame

[Anonymous No.52346693]

>>52345670
red chain most decentralized and most fastest

it doesnt do any bait and switch shit like algorand to do it, it does this by having a novel consensus protocol which scales and requires less communication

[Anonymous No.52346764]

I don't understand what SOL did to piss so many people off. Gets wayyyy more hate than any other chain. Probably because it's fundamentally the best chain and that scares them. Same shitty talking points by every bear:

>>Muh VC centralization
The VC kikes are getting out this week if they haven't already

>>Muh outages
The issues behind those are mostly fixed now. It's a small price to pay for having essentially free TX fees and 50k TPS.

>>Muh hacks
Solana itself never got hacked retards. Only a couple of dapps on it, which has happened on ETH and BNB many more times but you never hear those ones being called an "ETH hack" or a "BNB hack"

[Anonymous No.52346791]

>>52342229
this. When the chain fucking broke like 5 times in a row and price was not affected that should have been your sign that everything about solana was artificial as fuck. But half these moonbois married their bags and couldnt see the obvious.

[Anonymous No.52346831]

>>52346693
>AVAX
Red chain you mean that AVAX thing? red-pill me on that...

[Anonymous No.52347048]

>>52346831
https://tedyin.com/archive/snow-bft-demo/#/snow

might be helpful or you can go to youtube.

Avax is really cool because of the consensus but the network architchture is also a big reason why I like it. Anyone can spin up a subnet with any virtual machine they want. This makes it possible to do pretty much anything and in the future it seems very likely that every dapp in existence will be copy/pasted onto an avalanche subnet because there is no reason not to do.

[Anonymous No.52347258]

>>52345687
No nfts worth a single fuck are on Solana you absolute nigger.

[Anonymous No.52347434]

Solana is a boomer coin. Get on ICP and trade Chad
NFTs

[Anonymous No.52347785]

>>52340811
>nothing wrong with the fundamentals
goes offline weekly
>the tech
corrected by switching it on and off again
lol this centralized shitcoin must die surely here...

[Anonymous No.52347962]

Why is this dogshit coin pumping and not going to 0 like luna, these niggers even had their thousand dollar jpgs made by teams that never even heard of crypto 2 years ago recover 50% of their value overnight, this is peak clown world.

[Anonymous No.52348633]

>>52347962
Dead cat bounce

[Anonymous No.52349004]

>>52344404
Algorand experienced a partial network instability yesterday:

https://www.reddit.com/r/algofi/comments/yqwvko/comment/ivqt580/

"Congestion" being imprecise. The network was only handling 16 TPS.

Your shit, centralized chain will absolutely crumble if it ever gets truly battle tested, but I doubt it will because nobody uses it.

[Anonymous No.52349041]

>>52340811
Centralized piece of shit that can't stay online for more than a week at a time

[Anonymous No.52349099]

What now /biz/? Vitalik think SOL is a great choice to buy now!

[Anonymous No.52349106]

All this fud is unironically making me consider buying a some SOL, a small bag of like 20-30.. just in case.

[Anonymous No.52349177]

>>52340811
SOL is the only L1 focusing on user experience at the expense of decentralisation.
It’s a very active chain for developers too.
There’s no reason for it to not pump again, it’s still the biggest competitor to eth.

[Anonymous No.52349280]

>>52344404
What is the Turin award?
>>52349099
Well considering how much he has fucked ETH, everything else is looking better in comparison.

[Anonymous No.52349290]

>>52349106
Literally all sol is is nfts, there is no other reason for sol’s existence.

[Anonymous No.52349345]

>>52349290
I have heard some interesting use cases for NFT's though

[Anonymous No.52349415]

>>52349345
Most of these NFT project teams never even heard of crypto before they got involved with sol. From personal experience.

[Anonymous No.52349431]

>>52346145
There is no coin but Bitcoin, and Satoshi is in profit.

[Anonymous No.52349454]

>>52349415
I can't tell if that's bullish or bearish. Or Crabbish.

[Anonymous No.52349496]

>>52349454
They are all scammers is what I mean.

[Anonymous No.52349545]

>>52349496
Oh, how awful

[Anonymous No.52349576]

>>52340811

fundamentally a scam

GET FUKT

[Anonymous No.52349605]

>>52349545
It’s the same as playing shitcoin casino except you’re getting scammed by people who entered the crypto market a year ago selling jpgs bought from fiverr artists.

[Anonymous No.52349868]

>>52340937
A well established reboot process?

[Anonymous No.52350309]

>>52340811
Can I keep a private wallet on Solana?

[Anonymous No.52350351]

>>52349345
I bet more interesting utilities will be drawn up for NFTs after private NFT auctions become a thing