Why does everyone make fun of this coin?

[Anonymous No.57592811]

[Anonymous No.57592839]

>>57592811
dogshit, centralized jeet infested chain. No solid projects apart from the same memes over and over again that rug in a few hours

[Anonymous No.57592859]

>>57592811
Because it's just a centralised version of eth for brown people, like bsc

[Anonymous No.57592904]

>>57592811
because /biz/ is dumb and hates making money for the most part

[Anonymous No.57593108]

They lie about transaction volume

[Anonymous No.57593126]

>>57592859
>>57592839
But it performed really well? Maybe those jeets know how to market it

[Anonymous No.57593275]

>>57592811

Volume is a very fakeable metric on a chain with low fees. You can just send [Edit: or swap] assets backwards and forwards.

In fact just by picking random transactions in random blocks you'll find loads of examples of transaction that don't seem 'organic'...

As an example I pulled up a couple of weeks ago, this account made hundreds of simple send SOL transactions 18 days ago, but all of them are sending 0 SOL: https://solscan.io/account/7RYFGr4NAWfocY8DLA9zqSH6UjoCtUVh31tczqHK6y9Y#solTransfers

They aren't interacting with a smart contract or sending tokens or whatever, just paying a transaction fee to send 0 SOL to another account: e.g. https://solscan.io/tx/3Rhjk7RkvmX6dFYpvMg1kNSKtE2cSL6BDVm78fAYtXLv19CtTEGh22S9F9VXmTxUp7Ddf6FQJmqJcsNQY46axszH

But this is nothing new, we have known that bots are responsible for the huge majority of Solana transactions for years: https://twitter.com/Davyegld/status/1653070957014052865

And the idea that they would intentionally fake volume to make their metrics look more impressive fits perfectly well with the time that they faked their DeFi TVL and developer numbers: https://www.coindesk.com/layer2/2022/08/04/master-of-anons-how-a-crypto-developer-faked-a-defi-ecosystem/

Talking of those stats. Today there are more devs working in Arbitrum than in Solana: https://www.developerreport.com/

And just Arbitrum's DeFi ecosystem has about 2x the TVL of Solana, and about 4x the number of dApps deployed on it: https://defillama.com/chains

Also, you can verify data on Arbitrum yourself as it's possible to run a node at home on cheap hardware, giving direct access to onchain data: https://ethereum-on-arm-documentation.readthedocs.io/en/latest/user-guide/running-l2-clients.html#id2

With Solana, if you don't have a 1GB/s connection and a computer with 256GB of RAM then you just have to trust... and they would never lie... right: https://medium.com/cyber-capital/a-solana-critique-lies-fraud-dangerous-trade-offs-76885dbe1ea0

[Anonymous No.57593308]

>>57593275
TLDR;

What im trying to point out is that volume metrics on a blockchain with low fees, such as Solana, can be easily manipulated by sending assets back and forth without any actual value transfer. I've provide examples of suspicious transactions on Solana, bots are responsible for the majority of transactions on the platform. There have also been previous instances of Solana faking metrics, and there are differences in developer activity and DeFi ecosystem between Solana and Ethereum/l2's.

Finally, i recommend running a node on Ethereum to verify data directly, unlike Solana where users may have to trust the accuracy of the data due to technical limitations and the 1GB/s bandwidth requirement.

[Anonymous No.57593323]

>>57592811
>maybe this time people will stop mocking us if we halt our 'decentralized' chain again

[Anonymous No.57593324]

We still might see some juicy price action though despite it being a shitty centralized chain full of vc's...Crypto is all about hype and narrative these days instead of fundamentals and active development.

[Anonymous No.57593332]

>>57592811
It's that jew SBF's pet project, FTX took customer funds that were supposed to go towards btc and the jew pumped solana instead.

[Anonymous No.57593363]

>>57593275
>>57593308
>>57593324

To be honest we all know that already, people will still buy of the narrative is right and if there is sufficient hype

[Anonymous No.57593364]

>>57592811
It’s a zoomer crypto bro vc scamchain ghostchain

[Anonymous No.57593521]

>>57592811
always do the opposite of what /biz/ says

[Anonymous No.57593866]

>>57592811
It's just ETH maxis trying to gaslight us that ridiculous gas fees and endless confirmation times are a good thing and we should buy their unpumpable bags. Yeah, yeah, L2s, I know – there's hundreds of them – maybe I'd use one if all the hot new tokens didn't still launch on L1. It's hilarious though that all their Solana outage FUD backfired so massively, and the only effect it had was to price in all future outages forever. Literally no one cares anymore. Solana was down for 5 hours in the middle of the night last week and guess what? All our tokens were still there when it came back online and we could still enjoy instant finality and fractions of a fraction of a penny gas fees.

[Anonymous No.57593931]

>>57592811
It is even worse than avax. It embodies everything wrong in crypto.

[Anonymous No.57594044]

>>57592811

[Anonymous No.57594055]

>>57593931
>Toly: I want to build a giant permissionless uncensorable global state machine that synchronizes as fast as the laws of physics allow, so that institutions can no longer front run the little guy
>/biz: Solana embodies everything wrong in crypto

[Anonymous No.57594058]

>>57592811
pic very related

[Anonymous No.57594121]

Metheads seethe as they pay 100$ for a swap and avax faggots think they deserve a run solana had

[Anonymous No.57594153]

ALL distributed database tech is, from a tech point of view inferior to an abacus. Solana combines the worst of all worlds. It is THE prime example of why blockchain tech isn't supposed to be used as it is used now

[Anonymous No.57595820]

Make fun of it all you want clowns. All I know is I’m making a fuckton of money.

[Anonymous No.57595858]

>>57593126
>But it performed really well?
That's because it has some (((big names))) behind it investing and promoting it
As an investment it was good because it went up but the project itself is an absolute scam

[Anonymous No.57596153]

>>57592811
because this coin is fucking a meme. I better go for an airdrop like manta or lrds rather than this shit coin.

[Anonymous No.57596438]

>>57593275
thanks for elaboration, someone save and disseminate this

[Anonymous No.57597351]

A tech startup just saved themselves $600,000 dollars in credit card processing fees by offering Solana Pay as an alternative. How long do you think other companies are going to continue willingly burning hundreds of thousands of dollars when a working zero fee alternative exists?

[Anonymous No.57597392]

ETHcucks can't cope with us only having to pay 0.0001% of their transaction fees.

[Anonymous No.57597550]

>>57592859
dont they have over 3,000 nodes now?
i forgot which project that only had 21 validator nodes, i think vechain
also solana isnt even PoW or PoS so how is it centralized?
youre just seething because you missed out on PYTH and JUP

[Anonymous No.57597579]

>>57597550
lol bro is this a joke like is this some kind of 4chan prank who the hell would want to use solana pay when you can just use visa or mastercard or even bitcoin or something the only reason anyone would want to use solana pay is if they were a complete idiot or just had no other options

[Anonymous No.57597595]

>>57592811
https://dawk.fun/

[Anonymous No.57597603]

>>57597579
cheaper and faster
also you didnt refute the centralization part

[Anonymous No.57597610]

>>57592811
It was already a scam to begin with but it's being tainted by degen rugs and brown worlder hands like what happened to BNB in 2021. If your L1 is a haven for lower than non existent tx fees you're going to get the kind of clientele you advertise for, which we all know is jeets, poors, and gamblers that give anything they touch a shit reputation before moving on to the next poo chain to infest.

[Anonymous No.57597856]

>>57594055
Kikeman-Fried said similar shit, Rajesh Gupta

[Anonymous No.57597874]

>>57597603
Why would a normie transact in Solana pay?
Fucking rugpull central desu

[Anonymous No.57597877]

>>57597856
this 4chan thread is so much bullshit if you want to use solana pay instead of visa or mastercard it's because you have money you don't mind wasting on fees for no reason who in their right mind thinks solana is decentralized if a central figure can halt transactions at any moment i can guarantee it's centralized 4channers are so dumb they don't know anything about how anything works if you use solana pay you are just a complete dumbass

[Anonymous No.57598634]

>>57597877
holy nigger run on sentence

[El Arcón No.57598641]

New nose mutilation?

[Anonymous No.57598955]

>>57593275
Ok what about avalanche

[Anonymous No.57600505]

>>57596153
stay poor am farming jupiter air drops rn.

[Anonymous No.57600658]

>>57592811
Its easy to make fun of SOL with between the FTX connections and the regular breaking down.

That being said, I'm on team $$$OL.

[Anonymous No.57600937]

Do any of you niggers own the Solana phone? I thought it was a brilliant move to give shit coins to people that bought the phone.

[Anonymous No.57600969]

>>57592811
still bagging more with inj, vra and btcdragon. no fun just getting rich with them all.

[Anonymous No.57601636]

>>57600937
I put a reservation down on the first gen but their servers where throwing a 500 when it came time to claim kek, got scammed for $100

[Anonymous No.57601675]

>>57593275
good post

[Anonymous No.57601753]

>>57593275
what are some good buys on arbitrum that will 100x like pendle did

[Anonymous No.57601788]

>>57600937
Yep, the shitcoin airdrops more than paid for the phone itself and they're still rolling in. I love this scam chain. First they scammed me with 5 figures of profit on my 3 figure investment. Now they're scamming with a free phone and daily airdrops. Why didn't I listen to /biz?

[Anonymous No.57602334]

>>57592811
People dislike Solana mostly because of the amount of scammy stuff around it. It gained fame and adoption through lies--they literally just looked at the figures other blockchains were saying they could do and made up higher figures.
The most annoying for me, though, is the way they lie about tps. They know full well how everyone in the ecosystem measures and understands tps, but they just decide to measure it in a way that 10x their actual tps. And they hid it--suspicious crypto nerds had to investigate to uncover the deception.
Solana maxis will argue it's no big deal, but actual tps (not theoretical max) is a standard way in which people measure the adoption, use and revenue generated by a chain. It's like when a company reports the number of users of its service or the number of units they have sold. If Netflix just arbitrarily reported 10x the number of subscribers they actually had, they would get fucked over for fraud. But this is what Solana does. And they only get away with it because crypto isn't regulated. If it were, Solana would have been charged with fraud by the SEC a long time ago. And that's only one part of the Web of deception that is Solana. It really is a scam chain.

[Anonymous No.57602348]

>>57592811
Ask the Crocodile of Wall St. That bitch still isn't in jail, but her simp coder bf is. Bet her and her scamfucks are still running SOL. Pain is always right around the corner with SOL. Make sure you preorder their new smartphone so they can hack your entire life with it lol

[Anonymous No.57602460]

>>57592811
Cause purists don't take PoS serious.

[Anonymous No.57602537]

>>57602334
>ackchyually, if you take away vote transactions, Solana is only doing 1000 real transactions per second
Anon discovers marketing

[Anonymous No.57603222]

>>57602537
No, anon discovers fraud.
Are you retarded?

[Anonymous No.57603238]

because it crashes at least twice a year

[Anonymous No.57603251]

>>57602537
Also.....
>ackchyually
Why don't you just get it over with and call me a chud? Then you can take your estrogen and fuck off back to r/mtf.

[Anonymous No.57603324]

>made by actual convicted scammer
>unlimited supply and minting like crazy
>shuts down regularly
>VC's own most of the supply and are up 100000000%
>No actual use cases except for degen gambling on worthless memes and NFT's
>"decentralized" "blockchain" that sometimes just needs to be "rebooted" to work again

If you even need to ask you are beyond hopeless

[Anonymous No.57604146]

>>57592839
QAN blockchain will flip it one day

[Anonymous No.57604464]

>>57592811
its just vc scam pump.
see BNB
this will go -90%
maybe not this week or even this year, but it will eventually.

All eth killers go to zero, no exceptions.

[Anonymous No.57604467]

SOL IS RIPPING, and you knows next? BLUECHIP SOLANA MEMES LIKE HONK

[Anonymous No.57604487]

>>57602334
It’s exactly like polygon.Larp as an L2 until you have enough money to actually become an L2 and also do ZK shit. SOL also used blocktimes to confuse people. People praise them for how much work they did, but the shit wasn’t ready to even be released(look at all that downtime). Consensus messages in TPS, failed TXs, Like polygon they faked it until they made it. Don’t get me started on Tolys awkward laugh every time he opens his mouth.

[Anonymous No.57604491]

There isn't a single more jewish coin than solana. If you buy this coin you are supporting smelly, wirey haired, big nose, tiny hat wearing, 9/11 dancing, USS Liberty attacking, human trafficking, organ harvesting jews

[Anonymous No.57605313]

This is the only chain on which I"ve ever made any money. I bought WIF for a penny here. Every coin I ever bought on the recommendation of this site was dogshit. every coin i ever bought on ethereum was dogshit.

So of course you guys shit on Solana