I asked a simple question in this thread and not a single person has given me an argument for a different layer 1. Its my opinion that layer 1s and AI cryptos will be the major narrative for this bull run hence the question on alternative layer ones.
Well compared with the end result as of today its solana the one leading on the L1. But you cant also say for others like Avax, and eth since they also performing well though not compared to Solana. This is due to airdrops that has been happening on solana and people dont want to be left behind and join the hype and trend. 
Topic: Layer 1s. Why does anyone invest in any other than Solona? (Read 281 times)
Genuine question as per the title.
Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Really want to know what L1s do people go for over Solona as it makes no sense to me.
Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Really want to know what L1s do people go for over Solona as it makes no sense to me.
Solana is not undervalued and it is not far ahead of everything. I am not sure why you think that, but solana is broken in its built system and that is the reason we have seen this network be down for hours which shows its weakness. All these L1 are the main competitors of ETH and if they can not provide any unique usecase that ETH can not then they will eventually die like other ETH killers that existed a few years ago. What is unique about solana is its fast transactions and low gas cost. After the ETH blob upgrade its gas price will also be 100 times lower than now, and solana will slowly lose ground to ETH.
How are your other layer 1s comparing guys
Not a Solona maxi at all. Im a maxi in making as much money as possible. Bitcoin and Eth were my biggest investments (although my Solona bag has taken over with the recent surge).
I brought most my bag between November 22 and March 23 and so far I am close to tripling my money and we are very early in the bull market.
If I feel there is a better investment I will ditch Solona in an instant. You can point out all the flaws you want (yes it has some like any) but in my eyes it is absolutely superior to other potential eth killers based on the data.
I asked a simple question in this thread and not a single person has given me an argument for a different layer 1. Its my opinion that layer 1s and AI cryptos will be the major narrative for this bull run hence the question on alternative layer ones.
I brought most my bag between November 22 and March 23 and so far I am close to tripling my money and we are very early in the bull market.
If I feel there is a better investment I will ditch Solona in an instant. You can point out all the flaws you want (yes it has some like any) but in my eyes it is absolutely superior to other potential eth killers based on the data.
I asked a simple question in this thread and not a single person has given me an argument for a different layer 1. Its my opinion that layer 1s and AI cryptos will be the major narrative for this bull run hence the question on alternative layer ones.
-cut-
Eg:
1. Solona network is too much centralized
2. Solona and almeida foundation connection
3. No major updates recently
Eg:
1. Solona network is too much centralized
2. Solona and almeida foundation connection
3. No major updates recently
Just LOL at all 3 of those.
Beside the same typo you made on the topic, what's so funny about these? Or is that just your go to counter argument?
I can list more:
- Proof of History haven't been tested by time.
- Because of low fees it is vulnerable to high-frequency trading bots or DDoS attacks.
- Solana has only 1k+ validators. In comparison eth has over 500k
I am not saying Solana is the worst coin out there, but you clearly are a SOL maxi, and there obviously still are issues with it.
Genuine question as per the title.
Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Really want to know what L1s do people go for over Solona as it makes no sense to me.
Are you kidding me? That question maybe asked by the aptos. These are the reasons to remove solona from my portfolio. Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Really want to know what L1s do people go for over Solona as it makes no sense to me.
Eg:
1. Solona network is too much centralized
2. Solona and almeida foundation connection
3. No major updates recently
Just LOL at all 3 of those.
Over 60% up since I posted this thread.
Seems like a good time to bump. Anyone actually going to suggest a better layer 1 to invest in?
Seems like a good time to bump. Anyone actually going to suggest a better layer 1 to invest in?
Genuine question as per the title.
Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Really want to know what L1s do people go for over Solona as it makes no sense to me.
Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Really want to know what L1s do people go for over Solona as it makes no sense to me.
I invest in Solana for the exact same reason I invest in Bitget- it possesses the potential to compete with its industry leader. In the case of Bitget I already see them as a decent alternative to Binance. Not only has their token maintained a steady price increase all year, the CEX has also made giant strides towards improving their products every single time I check up on them. The most recent being the launch of the Bitget Smart portfolio- for the "bot-trading" lovers. Similarly, Solana has been steadily making progress over the years to live up to its hype as "The ETH Killer". Its pretty impressive how far they've gone and mindblowing to see them still massively undervalued.
Market Perception and Hype could be a valid reason for this. Investor sentiment and market trends can heavily influence investment decisions. While Solana has experienced significant growth and attention, other layer 1 blockchains may gain popularity due to specific announcements, partnerships, or perceived technological advantages. Recently I swapped some ETH for SUNDAE via Bitget swap due to its recent hype. This token is on the cardano blockchain.The crypto market is dynamic, and investors may seek to capitalize on emerging trends or perceive opportunities in alternative layer 1 blockchains.
Genuine question as per the title.
Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Really want to know what L1s do people go for over Solona as it makes no sense to me.
Are you kidding me? That question maybe asked by the aptos. These are the reasons to remove solona from my portfolio. Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Really want to know what L1s do people go for over Solona as it makes no sense to me.
Eg:
1. Solona network is too much centralized
2. Solona and almeida foundation connection
3. No major updates recently
I agree that Solana has its advantages, but the crypto world is huge and ever-changing. People choose Layer 1 for various reasons. Ethereum has own DeFi ecosystem and strong developer community. Why would someone choose another L1 over Solana? They may perceive worth, utility, or promise in that endeavor that others miss.
If everyone jumped on the Solana train because it's trendy, wouldnt we risk a blockchain monoculture? Shouldnt diversity boost robustness and innovation? Just something to chew on. Its good to have multiple perspectives, even if one seems promising.
If everyone jumped on the Solana train because it's trendy, wouldnt we risk a blockchain monoculture? Shouldnt diversity boost robustness and innovation? Just something to chew on. Its good to have multiple perspectives, even if one seems promising.
Solana had a bad history in 2022 when FTX was rumored to have gone bankrupt and one of their biggest investors held a large amount of Solana, that's why this project still has doubts from various parties, especially those who witnessed this.
and prefer new projects that have a good reputation
and prefer new projects that have a good reputation
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Since it was first launched, many people have considered Solana to be one of Ethereum's killer coins, but the fact is that so far Solana has not been able to match the advantages of ETH, basically Solana also has its own advantages such as much cheaper transactions and transaction speed.At the end of last year, the Solana project developers experienced several network outages due to congestion, so this is one of the reasons why some investors turned to other alternative coins because they considered the Solana developers not to be very solid.
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Not at all. My biggest bag is Bitcoin, followed by Eth and then Solona.
Good on the first two.Not at all. My biggest bag is Bitcoin, followed by Eth and then Solona.
Quote
I have responded to many arguments put forward (I dont need to respond to everyone - especially those who feel the need to advertise dodgy crpyto casinos nobody has heard of or uses). I can prove some of the claims against Solona are absolute nonsense. The only one that is of any note is the centralisation one.
I'm also waiting for your counter-arguments to Beerwizzard's response. You dismiss them as nonsense? Those seems valid to me. The 1 outage this year for example is already an improvement compared to 2022 but that still poses questions on network security.Quote
I haven't see one single L1 put forward as an alternative yet....
I'm looking more and more into privacy coins nowadays with all the Government overreach that's happening around the world so Monero is the "OG" on that. It doesn't have the convenience of fast confirmation and cheap fees but I'm good with that.I've heard of other L1s with smart contracts offering both privacy and scalability but I'm yet to read on them.
[....]
Bro, I can write like this whole night but, I believe there is many better projects, this one is fishy, smells like fish. You know that... if it looks like a duck...
Hehe. Waiting for him to make counter arguments or at least explain to us why Solana is so far ahead of everything as he claims in the OP. It's probably the one with the biggest marketing team I give them that. Who knows if OP is one of them boys trying to shill so he could dump his heavy SOL bag.Bro, I can write like this whole night but, I believe there is many better projects, this one is fishy, smells like fish. You know that... if it looks like a duck...
Not at all. My biggest bag is Bitcoin, followed by Eth and then Solona.
I have responded to many arguments put forward (I dont need to respond to everyone - especially those who feel the need to advertise dodgy crpyto casinos nobody has heard of or uses). I can prove some of the claims against Solona are absolute nonsense. The only one that is of any note is the centralisation one.
I haven't see one single L1 put forward as an alternative yet....
[....]
Bro, I can write like this whole night but, I believe there is many better projects, this one is fishy, smells like fish. You know that... if it looks like a duck...
Hehe. Waiting for him to make counter arguments or at least explain to us why Solana is so far ahead of everything as he claims in the OP. It's probably the one with the biggest marketing team I give them that. Who knows if OP is one of them boys trying to shill so he could dump his heavy SOL bag. Bro, I can write like this whole night but, I believe there is many better projects, this one is fishy, smells like fish. You know that... if it looks like a duck...
many have elaborated their reason for not investing in solana.
I personally after solana get dumped hard when ftx was collapsed, its a big obvious sign not to invest in solana ever again doesn't matter how good it is, its just simply worst investment for me personally therefore i prefer other coin at this point.
I personally after solana get dumped hard when ftx was collapsed, its a big obvious sign not to invest in solana ever again doesn't matter how good it is, its just simply worst investment for me personally therefore i prefer other coin at this point.
I don't know. maybe because there are many L1 coins out there that simply better than solana?
not to mention there's rumour that solana will get massively dumped by ftx for the sake of reviving the platform itself.
therefore its no brainer to choose other L1 thats just better in term of technology and also kinda normal.
now solana is off so much from its all time high I don't think it could ever get back to that point of all time high again. i personally would never gonna invest in solana ever again its just mediocre coin at this point.
not to mention there's rumour that solana will get massively dumped by ftx for the sake of reviving the platform itself.
therefore its no brainer to choose other L1 thats just better in term of technology and also kinda normal.
now solana is off so much from its all time high I don't think it could ever get back to that point of all time high again. i personally would never gonna invest in solana ever again its just mediocre coin at this point.
Genuine question as per the title.
Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Really want to know what L1s do people go for over Solona as it makes no sense to me.
Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Really want to know what L1s do people go for over Solona as it makes no sense to me.
Please explain why is Solana far ahead, I cannot agree on this.
Solana is everything bitcoin is fighting against!!!! Remember, the bitcoin, the one we are here because.
1. Solana is so centralized that in last few years network STOPPED more than few times!
2. When Solana network stops, you cannot even login to your wallet (had this issue, twice)
3. Solana has fake bitcoins made by Sam Bankman not backed by anything, that's why price crashed
4. Solana has fake other currencies not backed by anything
5. Solana is just another solution like many others
Bro, I can write like this whole night but, I believe there is many better projects, this one is fishy, smells like fish. You know that... if it looks like a duck...
Genuine question as per the title.
Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Really want to know what L1s do people go for over Solona as it makes no sense to me.
Solana has a very informative story about how market makers manipulate the price of a coin and sell the coin to hamsters at very high prices. A classic story that is described in the famous book by Edwin Lefebvre: "Memoirs of a Stock Operator". Ethereum looks more fundamental, but I have some Solana just in case.Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).
Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.
Really want to know what L1s do people go for over Solona as it makes no sense to me.
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