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[SERIOUS] What would you consider the biggest concerns with your favourite coins? DOT, ATOM, LINK, ADA, MATIC, NEAR, etc. I would love to hear healthy constructive criticism OR reasons why you didn’t invest into certain projects.

Reverse-shill post: Which alt-coins in the top 100 I'm staying away from and why.

What network to use when storing USDT in cold storage/ledger

r/CryptoCurrencySee Post

Ethereum Rival Solana (SOL) Not Dead Yet, According to InvestAnswers – Here’s Why - The Daily Hodl

Jason Williams shilled Blockfi in his book

Over $643,000,000 in Solana (SOL) Now Controlled by Liquidators as Part of Alameda Research Bankrutpcy Process: On-Chain Data - The Daily Hodl

Cosmos Development activity is now Higher then ETH, SOL, BNB & DOT

Development activity for Cosmos Network is now higher than ETH, BNB, SOL and DOT

Development Activity for Cosmos Network is Now Higher then ETH, BNB, SOL and DOT

2 Year Predictions

Solana (SOL) Price · Price Index, Charts

Addiction to coin purchases

Magic Eden Eyes Gaming, Brand NFTs With Planned Polygon Support. After expanding to Ethereum, the top Solana marketplace will add Polygon NFTs, citing the sidechain's Web2 partners and gaming potential. Sounds like they’re trying to move away from SOL & into polygon

r/CryptoCurrencySee Post

The Biggest crypto hacks this year before FTX

r/CryptoCurrencySee Post

Are you concerned or excited how the Top 10 could look in a few years?

r/CryptoCurrencySee Post

Perhaps DYOR has failed : The need for professional research

r/CryptoCurrencySee Post

Which coins do you think will perform poorly in the future?

r/CryptoCurrencySee Post

Counter-trading r/CC sentiment, wish me luck or bring on the fud!!

Potential targets for a local bottom after capitulation event: $BTC 12k-14k $ETH 500-750 $BNB 100 $ADA 0.18-0.23 $LTC 29-32 $DOT 3.4-3.6 $FTT 0.000000000 $SOL 0.00000000000 $CRO 0.0000000000

r/CryptoCurrencySee Post

Binance, OKX and Bybit temporarily suspend USDC (SOL) & USDT (SOL) deposits – crypto.news

r/CryptoCurrencySee Post

Binance: Deposits of USDT (SOL) Token Resumed

r/CryptoMarketsSee Post

SOL Down Over 6% as Binance & OKX Suspend Solana USDT, USDC Deposits

r/CryptoCurrencySee Post

[SERIOUS] So what happens to Solana now?

r/CryptoCurrencySee Post

ETH staking APR smashes ATH. Currently 10.20% with Lido.fi

r/CryptoCurrencySee Post

Solana entities sold 50M tokens to FTX — How long will SOL price suffer?

r/CryptoCurrencySee Post

3 things to do now to be more secured! Label email, 2FA Aegis, Linux, all FREE

r/CryptoCurrencySee Post

Crypto Market Cap Dropped Below 1 Trillion, Lost $220 Billion In a Week Which Represents 21% of Market Cap

r/CryptoCurrencySee Post

It’s hard NOT to be a Bitcoin Maximalist right now.

r/CryptoCurrencySee Post

Solana Lost At Least $200M Plus Millions In Shares In FTX Collapse

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Solana Is Down 55% In The Past 7 Days, Down 95% This Year

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Interesting thread addressing Solana recent Crash and FUD

r/CryptoCurrencySee Post

Solana will survive and thrive in the next bull market despite the FUD

r/CryptoCurrencySee Post

Cryptocurrency Solana Collapses in FTX Scandal. The token lost 61.6% of its value in the last seven days, according to data firm CoinGecko. Solana (SOL) prices are now down 95% from their all-time high of Nov. 6, 2021. Solana is currently trading around $14.12 from $259.96 in November 2021.

r/CryptoCurrencySee Post

Weekly performances make no sense

r/CryptoCurrencySee Post

Call me crazy but I love these crazy crypto days!

r/CryptoCurrencySee Post

SOL, FTT and a bunch of shit still above $0 isn't a good thing

r/CryptoCurrencySee Post

Things that nobody dares to say out loud during the bear market!

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I'm sorry for your loss

r/CryptoMarketsSee Post

BTC, ETH, DOGE, SOL & FTX in weekly price digest: why is the market red?

r/CryptoCurrencySee Post

Cryptonian Rhapsody

JPMorgan Believes BTC Will Drop to $13,000, Elon Musk Shares Twitter’s Plans, Arthur Hayes Predicts SOL for $3 and ETH for $750

r/CryptoCurrencySee Post

Popular Crypto Browser Brave Chose An Interesting Time to Rollout New Collab

r/CryptoCurrencySee Post

InvestAnwsers really can't get more ridiculous

r/CryptoCurrencySee Post

SBF And His Alameda Research Had Very Heavy Hands In Solana and Tether Plus Somehow Owned Almost 2X The Entire Circulating FTT Supply

r/CryptoMarketsSee Post

Convert my FTX balance to SOL a chance to get out !!

r/CryptoCurrencySee Post

Solana Weathers the FTX Storm: SOL Rises 33% Amid 'Crucible Moment'

r/CryptoCurrencySee Post

I've been sitting under "withdrawal requested" for nearly 4 hours.... FTX US

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Looking for recommendations on staying decentralized and self-custodial of my keys.

r/CryptoCurrencySee Post

Solana’s SOL Surges After Blockchain's Foundation Delays Plan to Unstake Tokens

r/CryptoCurrencySee Post

I caught the MATIC knife by the handle

r/CryptoCurrencySee Post

Is your CEX exposed? You must read between the lines, don't let them fool you.

r/CryptoCurrencySee Post

Solana postpones token unlock amid double-dip fears, developers unaffected

r/CryptoCurrencySee Post

where is the Solana fud squad now?

r/CryptoCurrencySee Post

So you lost your money in the FTT crash (maybe even in SOL or something else), what do you do now? [Serious]

r/CryptoCurrencySee Post

Binance can not safe FTX

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ETH and SOL are trading at higher on FTX

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Difference | BTC Falling Because of BTC Fundamentals vs. BTC falling because of Outside Realities

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Should I be relocating my crypto?

r/CryptoCurrencySee Post

sometimes, adding a little FOMO to your DCA won’t hurt

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What happens when TetherUSD starts to depeg?

r/CryptoCurrencySee Post

Solana Spells Trouble as Over 54 Million SOL Get Unlocked

r/CryptoCurrencySee Post

Shoutout to everything that's stronger today than it was back in June 2022 when we first crashed to hell.

r/CryptoCurrencySee Post

$1billion SOL will be unlocked in 13h. Don't buy yet

r/CryptoCurrencySee Post

55 million S-O-L is being deactivated from staking right now with potentially the biggest dumping to take place in approx. 14h when the epoch ends !

r/CryptoCurrencySee Post

Dumping alts at a loss to pick up plummeting BTC?

r/CryptoCurrencySee Post

55 million SOL is being deactivated from staking right now with potentially the biggest dumping to take place in approx. 14h when the epoch ends !

r/CryptoCurrencySee Post

Staked SOL Tokens Falter as Solana Traders, Stakers Rush for Exits

r/CryptoCurrencySee Post

Are dramatic collapses like FTX and Luna necessary for the long term adoption of crypto?

r/CryptoCurrencySee Post

Look at the SOL/Solana 30m de-staking Epoch to get a window into what's about to happen with the 54m share dump.

r/CryptoCurrencySee Post

Binance unlikely to move forward and buy FTX. Once they officially collapse, the true bottom may be here.

r/CryptoCurrencySee Post

$891.37M of crypto assets were liquidated in the previous 24 hours! In which $270.47M were shorts and $620.90M were longs.

r/CryptoCurrencySee Post

Over $900 million Solana to be unlocked in 24 hours; Will SOL crash further?

r/CryptoCurrencySee Post

Everyone needs to keep in mind that during due diligence, FTX cannot liquidate assets (if they expect the deal to go to closing)

r/CryptoCurrencySee Post

The great Sam vs. CZ crypto war, a visual recap [Meme level over 9000]

r/CryptoCurrencySee Post

Binance vs FTX battle is a sideshow, not the future of crypto

r/CryptoCurrencySee Post

Be safe out there everyone. Things might get worse.

r/CryptoCurrencySee Post

Unbelievable! Watershed moment for Crypto

r/CryptoCurrencySee Post

So what are the coins that are connected closely to Alameda and FTX?

r/CryptoCurrencySee Post

FTX Fiasco Leads to SOL Whale Liquidating Millions Amid Crypto Blood Bath

r/CryptoCurrencySee Post

So who gave FTX tens of billions in USD loans that are backed by the now worthless FTT token? Its likely Tether, as we saw tens of billions of new tethers constantly printed and sent to FTX. They cant margin call FTT if there are no buyers. This isnt over.

Our Experience Playing Honeyland

r/CryptoCurrencySee Post

[SERIOUS] Regardless of a bailout, the worst has likely yet to come

r/CryptoCurrencySee Post

Given the Letter of Intent for Binance to Acquire FTX, Why is SOL still Tanking Hard?

r/CryptoCurrencySee Post

Nearly 1 day after becoming a top 10 crypto Polygon has been flipped by Solana and fallen out of the top 10.

r/CryptoCurrencySee Post

Care to share your MATIC strategy?

r/CryptoCurrencySee Post

Polygon MATIC overtakes SOL for the #10 spot in the Crypto market cap rankings.

r/CryptoCurrencySee Post

FTX Token ( FTT ) just dumped -25% -400 Million in market cap

r/CryptoCurrencySee Post

Nearly 450 days after becoming a top 10 crypto Solana has been flipped by Matic and fallen out of the top 10.

r/CryptoCurrencySee Post

FTX lashed - where is BlockFi’s half-life?

r/CryptoCurrencySee Post

FTX seriously lashed - BlockFi’s half-life expiring?

r/CryptoCurrencySee Post

Rumors suggest Alameda Research may be offloading Solana on the open market.

r/CryptoCurrencySee Post

FTX Insolvency rumor updates

r/CryptoCurrencySee Post

It appears SOL is about to fall out of the top ten crypto, as Alameda is likely offloading to support the FTX token.

r/CryptoCurrencySee Post

My portfolio: a DCA strategy for the lazy hodler

r/CryptoMarketsSee Post

Early relative weakness of SOL/RAY/SRM vs FTT... Will they dump to fund a larger FTT plunge protection war chest?

r/CryptoCurrencySee Post

Another week. Another FUD narative. And you know what? Crypto will just do fine and so do we

r/CryptoCurrencySee Post

The market is hot, but Solana is not — Data explains why SOL price is lagging

r/CryptoCurrencySee Post

The market is hot, but Solana is not — Data explains why SOL price is lagging

r/CryptoCurrencySee Post

Can we get some of the coin limits for this sub changed?

Mentions

Well theyre not entirely wrong. SOL can do that

Mentions:#SOL

SOL is down 58% this Month Only 32% to go until real value

Mentions:#SOL

I used to be a SOL bull but now even I think it’s a shitcoin

Mentions:#SOL

Can you guys vouch for me and tell my wife that we are surely gonna get our money back in the next two years? We're all 100% sure that CRO, SOL and AVAX will reach new ATH, right?

Mentions:#CRO#SOL#AVAX

SOL is too big of ecosystem to be dead. It can fade away, but it will not die. And I do not have any SOL in my portfolio.

Mentions:#SOL

That's it! Plus: SOL is bad bc low, BTC is good bc high. Even when BTC is low, still good. Matic is good. Bottom is already here so stock up. Hodl en diamond hands even when hodling terra. *No financial advice*

Mentions:#SOL#BTC

SOL isn’t going anywhere. Everyone likes to claim “dOwntime! >:( decentralization” but billionaire money is going to go where other billionaire money is. That’s going to come with some type of centralization. If VCs like Solana, if banks like Solana, it’s not going to die. Plus the outages stop after each one; new problems being fixed constantly bc we are still beta stages of crypto, I’m excited to see the prices of the market when we’re finally past beta stages

Mentions:#SOL

Oh no, I’m a big fan of ADA. I love their decentralization and security. I’m rooting for their ecosystem to grow, and I want them to be a viable competitor to ETH. I just hope ETH & ADA are like Apple and Samsung or have some type of rivalry. These other smart contracts emphasize scalability too much (SOL, AVAX, FTM, NEAR). I think ETH & ADA are taking the right approach and focusing on Decentralization and Security first, then figuring out the scaling issues.

NEAR, like SOL has been propped up to a large degree by Alameda. NEAR is certainly more resilient, but beware.

Mentions:#NEAR#SOL

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds.

Exactly, scooping some SOL up as we speak lmao.

Mentions:#SOL

Escaped Tron, Harmony One and SOL... Phew!

Mentions:#SOL

Last time I fell for tps was SOL.. And I had to skip the Thanksgiving dinner this year.

Mentions:#SOL

Guess that's why it's good to DCA. Let's say \*I listened to all the crypto influencers and shills and picked up 5 SOL at $200 (1k total). When it dropped to $100 (it's going to recover) I picked up 10 for (1k) then it falls to $50 and I stupidly pick up another 20 (ok it has to be done now), then continues to free fall down to $15 so I pick up 66. Now at $13.5 how much does it need to go up until I break even? only 293% But it doesn't matter as SOLANA will never recover. \*I did not do this

Mentions:#SOL

Sometimes it feels like SOL haters just wanna pay expensive gas fees all day ngl

Mentions:#SOL

Of course SOL is about proof of history... it often turns off in the present.

Mentions:#SOL

> Who cares that it’s going offline every few months More like every few weeks, but I'm still here for your roast of SOL bagholders 🤣

Mentions:#SOL

Bullshit. I've never held SOL in my life so don't call me a shill. This sub has been *very* anti-Solana. It's basically what EOS used to be to this sub in the 2017 bullrun, an "Ethereum killer" everyone made fun of.

Mentions:#SOL#EOS

Excuse my cynicism but I find this post pretty ironic, considering people in this sub used to shill the fuck out of SOL back in the day. What happened guys? You had a change of heart all of a sudden? Either way, OP you didn't miss

Mentions:#SOL#OP

Yeah, I highly doubt my SOL bag will recover…

Mentions:#SOL

Time to buy SOL?

Mentions:#SOL

It can be because SOL is used as gaming rewards in emerging Web3 games like ev.io.. or maybe it can also be just because it's an underdog coin that once got to be over 100$.. or for no reason.. I don't know, it's hard to understand coin kinks.

Mentions:#SOL

My poor SOL

Mentions:#SOL

SOL is the kind of coin that reached the top because there is a group behind it putting money to be up there. I think it is a ticking bomb.

Mentions:#SOL

Inside SOL everything that is "DEX" becomes CEX.

Mentions:#SOL#DEX#CEX

When did this sub shill SOL? It hated sol when it was just $20-40 then it still hated sol when it pumped to $250 then it was still hated and more during its crash to its current prices. Where were you?

Mentions:#SOL

So are all the Solana people still saying SOL is decentralized? No? Ok.

Mentions:#SOL

I keep telling myself I will after cashing out some coins last cycle. Got out of SOL close to the top.

Mentions:#SOL

Sounds like you might be... SOL.

Mentions:#SOL

Honestly the whole thesis was FTX x Solana, if SOL goes to zero wonder how Aptos Sui plays out

Mentions:#FTX#SOL

One thing is absolutely certain - there will be two camps come the next bull market: those who declared SOL dead, and those who loaded up during the bear despite the negative sentiment. Whoever is wrong come time to pay the piper is going to be *super* fucking salty to the point of tears.

Mentions:#SOL

Sheesh okay downvote me but i bought Solana pretty early because i knew VC's were backing it and it ended up being my best performing crypto. I sold some near the top but wish i took more profits as it would have made my life a lot easier now. I never bought FTT, never used FTX the exchange and never would have because i really like Binance. Yeah double downvote me motherfucker, i don't care. I think your statement is really ridiculous because Solana existed before FTX and really has nothing to do with SBF. I'm not even a Solana fanboy but i just saw it performing well during the bull cycle so i bought in and got rewarded for it. Just like i will be rewarded for buying Matic during this bear. I would assume that people who like SOL are the people that saw it outperforming everything else at that time. Now it is underperforming and possibly wont make a new ATH, again this has nothing to do with SBF and i think it's really stupid to link it to FTX but hey moon farmers gotta farm i guess.

Mentions:#FTT#FTX#SOL

>It goes down once every few months for a few hours. I think the worst one was like a day. I get it, it's cool to shit on Solana nowadays. But be accurate and critical and not exaggerate. I have been critical of Solana from the very beginning - just read through my history. If you have money to pour into YouTube and bombard everyone with constant ads, then you got a ton of free resources to keep it up all time. Advertising on YouTube is expensive! Then you have their effort to buy a shop in NYC. Like why? Solana is an embodiment of what I hate about this industry. Putting so much useless emphasis on marketing and hype over building utility. OK, so you spend loads of money on marketing and getting people on board, but then what? What do you want your average joe to do on Solana? Buy SOL, park in the exchange, and pump early buyers' bags? >It is faster and cheaper than all the other top cryptos I have used SOL. Its speed is fucking exaggerated. Tried to move it between Coinbase and Robinhood. It is not noticeably faster than other L1s I have used. It is cheaper than ETH, but so are many other L1 competitors.

Mentions:#SOL#ETH

>Even Guy from the Coin Bureau actually had a large portion. He also had a sizeable position in Luna and UST. In the last bull run, "crypto adoption" was basically getting institutional money as exit liquidity for moonboys. Guy wasn't really shy about saying it out loud either. He invested in both Terra and SOL exactly because of their institutional investors' interests - fuck actual utility.

Mentions:#SOL

Theres the 4th type of peopl: people who understands the clowenery that is this sub. In other words, inverse this sub people. Load up on BNB, SOL, or anything this sub particularly hates and hodl and wait :)

Mentions:#BNB#SOL

#Solana Con-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Solana: A tale of broken trust and VCs > > Solana, an infamous name living as the shadow of it former self [Currently hovering at a price a bit higher than 10% of the ATH](https://coinmarketcap.com/currencies/solana/) which is a shame for any investor. In this small analysis we are going to discuss why Solana is a failure on multiple fronts. From Security, to stability. Let's delve into Solana. > > ​ > > # From outages to outrages > > Solana has been transformed into a laughingstock by the repeating outages the network has known. While it is claimed that [Solana is all about speed, with 400 millisecond block times. And as hardware gets faster, so does the network.](https://Solana.com) The Solana network has suffered [6 outages in the month of January](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) Stability has not been the strong suit of the network. This has sparked outrage against the network but ALSO against some exchanges because these outages are leading big dumps on the markets: [When speculator sell and lead to a 12 % dump](https://www.cnbc.com/2022/06/01/solana-suffered-its-second-outage-in-a-month-sending-price-plunging.html) the most dedicated investor are left holding their bags on the blockchain. > > Every discussion about Solana as an investment should discuss the possibility of outages and swings. > > # The Main Use case is Bullshit > > The main use case for Solana is to sell useless no common sense NFTs. While there are good use case for NFT technology, art and music nfts as they exist are just a passing fad and will need to evolve or disappear. Being a place linked mainly with this technology is very risky and shows a devotion to speculation and not to common sense use cases. > > ​ > > ​ > > # Security: Hacks, hacks, hacks and VCs > > The Solana ecosystem has known a lot of failures. The fact is that value is on the ETH side of the crypto ecosystem so bridges are required. When the Wormhole bridge saw a hack leading to 120000 ETH being minted out of the bridge leading to a loss which would be currently valued at 160 Millions. > > When this happened Jump Crypto, a subsidiary from Jump Capital, found 320 Millions to buy ETH and replace the missing funds. This allows us to understand two possibilities. > > 1) Jump Crypto did this from the kindness of their heart > > 2) Jump Crypto did this because they are heavily invested in Solana and control a large part of the SOL moving around. > > Now this may be speculation BUT recently Jump Crypto was said to be working to overhaul the open source SOL protocol for nodes. This leads to doubt about the legitimacy of the Solana Fundation and who controls the project. > > [https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/](https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/) > > [https://thedefiant.io/jump-crypto-solana-overhaul](https://thedefiant.io/jump-crypto-solana-overhaul) > > [https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/](https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/) > > ​ > > # Conclusion: A lacking use case, a profit motive from VCs and a past of lacking security and stability must lead you to high caution. > > VCs are here to make money and they must be holding bags of Solana. If you buy some SOL you are putting yourself into their games and are now dancing with them. While NFT is the future for so many reasons (intellectual property, administration and so much more) the current use case are laughable and security will be at the forefront of gouvernements or IP management companies sending patents through your blockchain. > > Being seen as an Eth killer, Solana is far from making the cut. I'd advise extreme caution. Please don't get burn't by this project. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z8aq27/daily_general_discussion_november_30_2022_gmt0/).

Mentions:#ETH#SOL

Solana {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit a SOL pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuww4p/top_coins_solana_proarguments_april_2022/). | To submit a SOL con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuww7h/top_coins_solana_conarguments_april_2022/).

Mentions:#Moon#SOL

That is a good analogy. But I think the main difference is that the internet at first made things more complicated, but over time made life much easier and more accessible. BTC on the other hand will never be as simple as what we have now. The fact you need to either memorize 24 words with the fear of a single accident giving you a concussion that mixes them up and locks you out forever, or a 100% secure place, which by definition is impossible. My bank and credit card protection allows me carry around my credit cards with zero concern. Even if I forget my password, I’m not locked out of my savings forever. If I’m mugged, hacked, or a natural disaster wipes out my home, I can still get to my fiat money. If my safe and seed phrase was in the home when the hurricane/tornado/fire/flood wiped it out, I’m SOL. Until brokerages can be trusted to hold BTC, BTC custody is going backwards in simplicity for the vast majority of people.

Mentions:#BTC#SOL

It’s only because it’s the second most invested coin. On this sub for example you’ll see constant posts shitting on coins like SOL because of the downtime (valid criticism) yet no one talks about how there’s a TBD on unstaking ETH. The difference being SOL is a relatively recent coin in terms of popularity and ETH being the popular coin everyone invested in around 2017. Both are complete bull and unacceptable.

Mentions:#SOL#ETH

SOL was known to be centralised, and even after all the crashes, people still stuck with it. I could never understand why, really. Even Guy from the Coin Bureau actually had a large portion. Now that I don't get... Goes to show that no youtuber should be trusted. I never invested in either Luna, FTX, SOL etc. and it saved me. So many youtubers have shilled those projects and gotten retailers wrecked. DYOR. At least then you won't be mad at others

Mentions:#SOL#FTX#DYOR

Trying to send SOL to my ledger and tried to send it to another hot wallet to see if it was a ledger issue and get the error "something went wrong, try again". Anybody else having issues? My SOL is currently on coinbase wallet.

Mentions:#SOL

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds.

Doesn't matter. This sub will take any excuse it can to tell you about how SOL perpetuates child labor, or how it parks in handicapped spots, or how it always takes the last piece of pizza, etc. SOL is the devil. SOL bad. Despite having 99%+ uptime, SOL also goes down once a month according to this sub as well. Etc, etc.

Mentions:#SOL

We're entering "break-even or bust" territory for a lot of SOL bag holders

Mentions:#SOL

Yes, but the Dex not existing will hardly impact SOL.

Mentions:#SOL

SOL is dead. It’s as simple as that. I sold my SOL for ETH. GL.

Mentions:#SOL#ETH

A DEX on the solana chain has nothing to really do with Solana? I'm sorry what? Without SOL the dex literally doesn't exist.

Mentions:#DEX#SOL

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z7d8jz/daily_general_discussion_november_29_2022_gmt0/).

Mentions:#SOL#IDO#DDOS

#Solana Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #PROs > > This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > ##Low Transaction Fees > > Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validators, which then contribute to ongoing SOL token [inflation of ~7%](https://messari.io/screener/supply-and-marketcap-EB1755C2) as of 2022. > > ##Moderately-high TPS > > The true TPS limit of Solana over the past year after subtracting invalid transactions and vote transactions is [about 400-600](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night). It's not anywhere close to their marketed throughput of 50K TPS, but it's still moderately-high for a smart contract network. > > ##Centralization is not as bad as the reputation > > Solana has a very bad reputation for being centralized as **SQL**ana. It's actually not that centralized. There are currently 1900 validators, and the Nakamoto Consensus for shutting down the Solana network (needs 33% staked) is [currently 33 validators](https://solanabeach.io/validators). > > On the other hand, there's almost no information about the identity of these validators, so it's still possible they're mostly centrally-owned by the foundation. We just don't know. > > ##Outage and stability issues likely to be resolved by 2 upcoming updates > > The days of making fun of Solana for their outages could be coming to an end. Solana is working on [2 major updates](https://decrypt.co/103106/solana-new-gas-fees) that are meant to mitigate outages and provide stability to the network. > > **QUIC** replaces UDP for Solana's IP and Transport layer protocols. [QUIC] (https://en.wikipedia.org/wiki/QUIC) provides flow control, allowing nodes to throttle incoming traffic when there's too much from both intentional and unintentional DoS attacks. > > **Localized Fee Prioritization** allows Solana to dynamically charge higher fees for specific high-demand transactions. When a dApp or NFT project is congesting the network, the fee will rise for that app without affecting the rest of the network. This is a really cool solution I'd love to see other networks copy. > > ##Lots of DeFi projects > > There are a ton of DeFi projects on Solana. It has 39 DeFi projects above $1M in TVL. [DeFiLlama shows Solana at $1.4B in TVL](https://defillama.com/chains), which puts it between Tron and Arbitrum at #6. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuij3/top_coins_solana_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

Mentions:#SOL#EB

Solana {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit a SOL pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuww4p/top_coins_solana_proarguments_april_2022/). | To submit a SOL con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuww7h/top_coins_solana_conarguments_april_2022/).

Mentions:#Moon#SOL

It's not a law per se, but ideally the judge would make some kind of dictates as to how much money can be used to pay off investors, staff, etc. in lieu of customers. In an ideal world, the investors took the risk, not the customers, so they'd be SOL, but the wealthy investor class is the one with lawyers on staff, so it rarely goes that way.

Mentions:#SOL

I know many people in my dev circle who use Solana, while I admit all of this which happened has hit SOL hard, it still is far from dead.

Mentions:#SOL

And unlike SOL, BNB has actual value as long as you trade on Binance, or use their card for cashback.

Mentions:#SOL#BNB

Why is BNB viewed more favorably than SOL?

Mentions:#BNB#SOL

Because the "SOL is dead" sentiment is nearly universal in a community notorious for extremely bad calls, i.e., r/cc.

Mentions:#SOL

SOL has no Soul

Mentions:#SOL

#Solana Con-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Solana: A tale of broken trust and VCs > > Solana, an infamous name living as the shadow of it former self [Currently hovering at a price a bit higher than 10% of the ATH](https://coinmarketcap.com/currencies/solana/) which is a shame for any investor. In this small analysis we are going to discuss why Solana is a failure on multiple fronts. From Security, to stability. Let's delve into Solana. > > ​ > > # From outages to outrages > > Solana has been transformed into a laughingstock by the repeating outages the network has known. While it is claimed that [Solana is all about speed, with 400 millisecond block times. And as hardware gets faster, so does the network.](https://Solana.com) The Solana network has suffered [6 outages in the month of January](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) Stability has not been the strong suit of the network. This has sparked outrage against the network but ALSO against some exchanges because these outages are leading big dumps on the markets: [When speculator sell and lead to a 12 % dump](https://www.cnbc.com/2022/06/01/solana-suffered-its-second-outage-in-a-month-sending-price-plunging.html) the most dedicated investor are left holding their bags on the blockchain. > > Every discussion about Solana as an investment should discuss the possibility of outages and swings. > > # The Main Use case is Bullshit > > The main use case for Solana is to sell useless no common sense NFTs. While there are good use case for NFT technology, art and music nfts as they exist are just a passing fad and will need to evolve or disappear. Being a place linked mainly with this technology is very risky and shows a devotion to speculation and not to common sense use cases. > > ​ > > ​ > > # Security: Hacks, hacks, hacks and VCs > > The Solana ecosystem has known a lot of failures. The fact is that value is on the ETH side of the crypto ecosystem so bridges are required. When the Wormhole bridge saw a hack leading to 120000 ETH being minted out of the bridge leading to a loss which would be currently valued at 160 Millions. > > When this happened Jump Crypto, a subsidiary from Jump Capital, found 320 Millions to buy ETH and replace the missing funds. This allows us to understand two possibilities. > > 1) Jump Crypto did this from the kindness of their heart > > 2) Jump Crypto did this because they are heavily invested in Solana and control a large part of the SOL moving around. > > Now this may be speculation BUT recently Jump Crypto was said to be working to overhaul the open source SOL protocol for nodes. This leads to doubt about the legitimacy of the Solana Fundation and who controls the project. > > [https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/](https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/) > > [https://thedefiant.io/jump-crypto-solana-overhaul](https://thedefiant.io/jump-crypto-solana-overhaul) > > [https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/](https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/) > > ​ > > # Conclusion: A lacking use case, a profit motive from VCs and a past of lacking security and stability must lead you to high caution. > > VCs are here to make money and they must be holding bags of Solana. If you buy some SOL you are putting yourself into their games and are now dancing with them. While NFT is the future for so many reasons (intellectual property, administration and so much more) the current use case are laughable and security will be at the forefront of gouvernements or IP management companies sending patents through your blockchain. > > Being seen as an Eth killer, Solana is far from making the cut. I'd advise extreme caution. Please don't get burn't by this project. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z7d8jz/daily_general_discussion_november_29_2022_gmt0/).

Mentions:#ETH#SOL

#Solana Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #PROs > > This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > ##Low Transaction Fees > > Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validators, which then contribute to ongoing SOL token [inflation of ~7%](https://messari.io/screener/supply-and-marketcap-EB1755C2) as of 2022. > > ##Moderately-high TPS > > The true TPS limit of Solana over the past year after subtracting invalid transactions and vote transactions is [about 400-600](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night). It's not anywhere close to their marketed throughput of 50K TPS, but it's still moderately-high for a smart contract network. > > ##Centralization is not as bad as the reputation > > Solana has a very bad reputation for being centralized as **SQL**ana. It's actually not that centralized. There are currently 1900 validators, and the Nakamoto Consensus for shutting down the Solana network (needs 33% staked) is [currently 33 validators](https://solanabeach.io/validators). > > On the other hand, there's almost no information about the identity of these validators, so it's still possible they're mostly centrally-owned by the foundation. We just don't know. > > ##Outage and stability issues likely to be resolved by 2 upcoming updates > > The days of making fun of Solana for their outages could be coming to an end. Solana is working on [2 major updates](https://decrypt.co/103106/solana-new-gas-fees) that are meant to mitigate outages and provide stability to the network. > > **QUIC** replaces UDP for Solana's IP and Transport layer protocols. [QUIC] (https://en.wikipedia.org/wiki/QUIC) provides flow control, allowing nodes to throttle incoming traffic when there's too much from both intentional and unintentional DoS attacks. > > **Localized Fee Prioritization** allows Solana to dynamically charge higher fees for specific high-demand transactions. When a dApp or NFT project is congesting the network, the fee will rise for that app without affecting the rest of the network. This is a really cool solution I'd love to see other networks copy. > > ##Lots of DeFi projects > > There are a ton of DeFi projects on Solana. It has 39 DeFi projects above $1M in TVL. [DeFiLlama shows Solana at $1.4B in TVL](https://defillama.com/chains), which puts it between Tron and Arbitrum at #6. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuij3/top_coins_solana_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

Mentions:#SOL#EB

Solana {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit a SOL pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuww4p/top_coins_solana_proarguments_april_2022/). | To submit a SOL con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuww7h/top_coins_solana_conarguments_april_2022/).

Mentions:#Moon#SOL

We know SBF and FTX were deeply vested and invested in SOL. That being said, they also sabotaged many projects which were in competition with SOL.. You never know what news and headlines will come out of this related to SOL and how'd all that affect its PA..

Mentions:#FTX#SOL

I think they will come back from this but it's gonna take some serious time. If what went down wit ftx/Alameda didn't end SOL its gonna take a really serious event to bring them down totally. If anything they are more battle tested. That being said it doesn't mean I'm gonna buy it.

Mentions:#SOL

I mean clearly there's no way SOL gets out of this... The more FTX debacle unfolds, the uglier it turns out for SOL.

Mentions:#SOL#FTX

#Solana Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #CONs > > This is the Cons section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > There are many flaws with Solana's network and design. Retail investors should be cautious of investing in Solana until the upcoming **QUIC** and **Localized Fee Prioritizations** fix the ongoing outage and stability issues with the network. > > ##Way too many outages > > One of the biggest problems with Solana is that it has had way too many outages ever since its Mainnet launch. It's had at least [4 major outages, 3 partial outages](https://status.solana.com/uptime), and numerous congestions caused by DDoS attacks (some unintentional) in the 9 months between Sept 2021 and Jun 2022. That's way more than most of its competitors. These numerous outages have ruined its reputation in the crypto community. > > The network is very vulnerable to DoS attacks, which have brought down the network many times. In Sept 2021, a [DoS attack flooded the entire network](https://solana.com/news/9-14-network-outage-initial-overview) to the point it could not recover for almost a full day. In Jan 21-22, 2022, [bots brought down the network](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) with excessive duplicate transactions. A similar DDoS attack happened on Apr 30, when a [NFT minting bots took down the network](https://solana.com/news/04-30-22-solana-mainnet-beta-outage-report-mitigation) with 4M TPS of spam. > > During DDoS attacks, validators continue forwarding transactions to the leader. Since there is no mempool, the leader has to keep up with the traffic. If the leader can't keep up, the transaction drops and the user has to resubmit it. When congested and attacked by DDOS, the number of forks increases greatly, and leaders end up picking branches quickly and inaccurately, often extending empty blocks. This ends up reducing throughput of valid transactions and creating wasted forks. For example, during the Jan 21-22 attacks, the true throughput fell to 140 TPS. It's really easy for DDoS attacks to create a disruptive positive feedback loop that shuts down the whole network. > > ##Blockchain Design > > **Slower Finality** > > Due to the design of Proof of History consensus, Solana has probabilistic finality with a moderate chance of wasted forks. It takes [32 blocks before any transaction is final](https://docs.solana.com/proposals/block-confirmation). At 2.5s per block, this means 80 seconds. Users will see their transactions posted in 2.5s. If there's no congestions, they can probably wait 10s and assume it's probabilistically final. But if there's congestion, lots of skipped blocks, and people DDoS'ing the network, it's not deterministically final until they wait 80 seconds. This is much slower than many of their competitors, which have 2-10s deterministic finality. > > **Exaggerated/Useless TPS metrics** > > Solana's reported 50K TPS in ideal conditions is completely exaggerated. > > First, that number is based on a 400 ms slot time, but the current slot time is around 600-800 ms, which reduces the ideal TPS 25-50%. > > Solana also exaggerates their throughput by including non-useful transactions in their metrics. This includes vote transactions, which account for 70-90% of transactions. > > The count of valid TPS (excluding vote transactions and erroneous transactions) is much lower. About 80-85% of transactions are either vote transactions that are used for consensus or erroneous transactions. The true [non-vote TPS limit is much lower at around **400-600 TPS**](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night) when the network isn't congested. As of June 2022, on average only 15% of total counted transactions are working transactions. > > In addition, validators routinely skip blocks, encounter bad forks, or post empty blocks. Even when there's no congestion, validator's unweighed skip rate is [10-25% of blocks](https://solanabeach.io/validators). > > ##Opaque Ledger and Block Explorer > > Solana has several explorers, and all of them are very opaque. The official explorer doesn't allow you to browse blocks and transactions, and it's practical useless. Solana Beach is probalby the best explorer, but it too shows almost no data except for the address and transaction fee. It is very confusing trying to decipher these transactions. There's almost no information on the identity of validators. Both of the main explorers are very slow and often stall when querying details. > > Another part of Solana's obscurity is the 30% of the total supply of SOL that is non-circulating but staked. It's supposedly owned by the Solana Foundation. This has been discussed several times by developers on Discord, but no one seems to understand why it's there and how they're using it. It also doesn't help that Solana's main explorer and Solana Beach explorer won't load details about its non-circulating supply. > > **Unable to Audit Smart Contracts** > > Probably the worst issue on Solana (even worse than the outages) is that you can't audit smart contracts. When you use a smart contract on Solana, you are blindly trusting that it does what it says it'll do. There's not a single Solana Explorer that currently shows smart contract code. > > Developers can publish their source code on another website, but they can also redeploy their on-chain contract at the same address. So users don't have a reliable method of trusting source code published off-chain. > > ##Poor Tokenomics > > **Transaction fees are 99% subsidized by Staking Rewards, which feed back into SOL as supply inflation** > > Like many networks, the low transaction fees are not enough to pay for the cost of running the network. > > Solana is expected to make [$12M in transaction fees in this year going by the current 30-day average]( https://tokenterminal.com/terminal/projects/solana). Staking rewards is expected to [pay out around $1.4B in SOL in 2022](https://messari.io/asset/solana/profile/supply-schedule). That means 99.1% of validator rewards are being paid by staking rewards instead of the artificially-low transaction fees. And staking rewards inflate the supply of the SOL token. > > Total supply inflation for staking started out [at 8% and gradually declines by 15% annually until it reaches 1.5%](https://docs.solana.com/inflation/inflation_schedule). Note that this is an underestimate because these calculations are based on total supply, not circulating supply, which is 30% smaller. Messari currently lists [circulating supply inflation as 7.4%](https://messari.io/screener/supply-and-marketcap-EB1755C2). > > Solana is fully-vested as of Jan 2022, though there is a 30% gap between the recorded circulating and total supply because most of the [Foundation's staked SOL](https://explorer.solana.com/supply?filter=nonCirculating) is not included in circulating supply. (Their Explorer website barely has any supply details or charts, and doesn't even loading half of the time, so it's hard to investigate.) > > ##Other Points > > **Requires insecure bridges to other networks** > > Solana is a bit isolated from other blockchains. It requires insecure bridges to connect to other networks, which is also an issue for many other networks. Bridges often get exploited, like the [Feb 2022 $320M Solana Wormhole hack](https://www.cnbc.com/2022/02/02/320-million-stolen-from-wormhole-bridge-linking-solana-and-ethereum.html). Solana needs a safer cross-chain protocol if it wants to communicate safely with other networks. > > **High validator requirements** > > The minimum requirements for validators are 12-cores and 128GB of memory. 300 Mbit internet server is preferred. These are enterprise-server requirements, and they're expensive to maintain. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z7d8jz/daily_general_discussion_november_29_2022_gmt0/).

Mentions:#DDOS#SOL#EB

#Solana Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #PROs > > This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > ##Low Transaction Fees > > Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validators, which then contribute to ongoing SOL token [inflation of ~7%](https://messari.io/screener/supply-and-marketcap-EB1755C2) as of 2022. > > ##Moderately-high TPS > > The true TPS limit of Solana over the past year after subtracting invalid transactions and vote transactions is [about 400-600](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night). It's not anywhere close to their marketed throughput of 50K TPS, but it's still moderately-high for a smart contract network. > > ##Centralization is not as bad as the reputation > > Solana has a very bad reputation for being centralized as **SQL**ana. It's actually not that centralized. There are currently 1900 validators, and the Nakamoto Consensus for shutting down the Solana network (needs 33% staked) is [currently 33 validators](https://solanabeach.io/validators). > > On the other hand, there's almost no information about the identity of these validators, so it's still possible they're mostly centrally-owned by the foundation. We just don't know. > > ##Outage and stability issues likely to be resolved by 2 upcoming updates > > The days of making fun of Solana for their outages could be coming to an end. Solana is working on [2 major updates](https://decrypt.co/103106/solana-new-gas-fees) that are meant to mitigate outages and provide stability to the network. > > **QUIC** replaces UDP for Solana's IP and Transport layer protocols. [QUIC] (https://en.wikipedia.org/wiki/QUIC) provides flow control, allowing nodes to throttle incoming traffic when there's too much from both intentional and unintentional DoS attacks. > > **Localized Fee Prioritization** allows Solana to dynamically charge higher fees for specific high-demand transactions. When a dApp or NFT project is congesting the network, the fee will rise for that app without affecting the rest of the network. This is a really cool solution I'd love to see other networks copy. > > ##Lots of DeFi projects > > There are a ton of DeFi projects on Solana. It has 39 DeFi projects above $1M in TVL. [DeFiLlama shows Solana at $1.4B in TVL](https://defillama.com/chains), which puts it between Tron and Arbitrum at #6. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuij3/top_coins_solana_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

Mentions:#SOL#EB

Solana {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit a SOL pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuww4p/top_coins_solana_proarguments_april_2022/). | To submit a SOL con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuww7h/top_coins_solana_conarguments_april_2022/).

Mentions:#Moon#SOL

Lol how is there people still into SOL? Like how is it even possible are some people like allergic to good decision making or something?

Mentions:#SOL

I mainly use it for a couple SOL nfts I have

Mentions:#SOL

From the article “Alameda no longer holds the SOL, the liquidators do. The SOL on the chart is locked and cannot be sold, often for many years. Regardless, Chapter 11 means nothing can be sold until bankruptcy completes, could take 10+ years”.

Mentions:#SOL

$643 million of SOL. Wow, $417 million of SOL is a lot! What do you guys think they’ll do with $200 million of SOL?

Mentions:#SOL

I see "staking" in "painstakingly". Should I buy SOL and stake them? Is this the hidden message?

Mentions:#SOL

So much hate on SOL, I'm very bullish on it here. It is like # 2 or 3 in activity but it's marketcap does not reflect it. Yet the FUD will pass eventually.

Mentions:#SOL#FUD

>"Bitcoin (BTC); Ethereum (ETH); Cardano (ADA); Solana (SOL); Binance Coin (BNB)." Nice one! Hopefully, they'll add stablecoins soon. Will be very important to have EEUR or any other solid Euro stablecoin especially.

Is this good or bad for SOL? As liquidators I can only guess they'd sell to recover for creditors. The dump may not necessarily be matched by buyers which will cause price to drop even further. Am I missing something?

Mentions:#SOL

Huge buy signal for SOL

Mentions:#SOL

The optimist in me says, that crypto is bound to the general market and the general market is bleak and black. Crypto mimics the gerneal market, but more accentuated. If normal stock giggles when it is drunk, Crypto strips and makes a pole-dance singing Macarena when it is drunk. Normal stock has a hangover the day after, Crypto wants to hang itself the day after. The pessimist in me says that, like with the normal market again, their will be corpses, those, who never recover. I for example had €500 in SOL and I think this is gone for good. The problem is, one does not know who recover. Sure Bitcoin, because tradition, but everything else, lets give it a question mark. Even more pessimistic, I think their is a scenario of a everlasting darkness. Say what you want against the main crypto-banks like coinbase, but those made it accessable for noobs, who put money into the market. If those fail for good, recovery will be harder. If you couple it with regulation and a broad front against it, growth may be difficult to impossible. Also if the hole crisis leaves the world poorer overall.

Mentions:#SOL

There are not many certainties in crypto. But if there would be one, it’s SOL never reaching ATH again. It’s dead bro.

Mentions:#SOL