Layer 1s. Why does anyone invest in any other than Solona? - page 2.

billyd7

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Quote from: Husires on October 04, 2023, 01:55:42 AM

there is no real development compared to the L2 projects on Ethereum, which have become faster and cheaper POS and its reliance on a decentralized network. All of these are reasons that make token developers use different blockchains, and therefore Solona disappears with time.

This is all plainly untrue.

They arent faster or cheaper. And certainly doesn't have more developers....

edmundduke

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Quote from: billyd7 on October 03, 2023, 08:35:46 AM

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.

Well people tend to use L1s they are comfortable with, so mostly the older ones. Poly, Avax, BSC etc. Not that they differ/offer anything revolutionary over SOL but its the power of first movers. This also means most of the action/volume is on those chains so traders stay there aswell.
A huge problem for SOL will always be the FTX/Sam factor. Its considered a pet project of a scammer. You can argue if its true or not, that doesnt even matter, its how people preceive it.

Husires

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If you can mention 5 unique features of Solona that are not found in any other cryptocurrency and it has a good amount of decentralization, then I will believe that it is not a dead currency and that it is undervalued.
Solona is one of the simple networks that has a good record of stopping during the last two years. The network is completely centralized, there is no real development compared to the L2 projects on Ethereum, which have become faster and cheaper POS and its reliance on a decentralized network. All of these are reasons that make token developers use different blockchains, and therefore Solona disappears with time.

cryptoaddictchie

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Quote from: billyd7 on October 03, 2023, 08:35:46 AM

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.

The reason it still on the top L1 is because majority of holders of solana are the top whales and only few retailers. How can you move it down if almost all are being hold by few people while others are totally different. They can really maintain their high valuation in contrast to others. So I think thats a good way to say they are on top of L1. But in terms of technical or product there are far way more greater than solana. Remember how they network got off many times before? Isnt that a bad sign in security aspect hence they arent go down that massively? Well you can tell why (my first reason).

bluebit25

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In contrast to OP, I evaluate SOL as just like many other L1s that have appeared and they received hype to get their current valuation. Looking back at the process of its appearance, its positive features, limitations, internal controversies,... in general, altcoins can easily increase sharply but can also easily decrease sharply through the example of the SOL chart.

Although there are currently many new L1 appearing and competing for market share in this market, SOL is still a name that has brought great positions so they will still be noticed. But as for optimal selection, it is not suitable for me, some new products that I believe will have greater hype will bring good profits.

livingfree

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Quote from: Beerwizzard on October 03, 2023, 02:35:35 PM

A quick google search shows that Solana had an outage on January 7, 2023. But for Solana having only 1 issue for this year is a great achievement.
Considering the current low TVL and weak activity I'm not sure if anything happens once it becomes more popular.

It's like an achievement already for Solana that it has only 1 outage for the Q1 of this year.

News ~ Solana records 1 outage in first half of 2023, 100% uptime in Q2

And for the past Q2, it's said that there's no downtime so it means that it's been up and running 100% which is a good thing for Sol. I've known people that are also sol maxis and I have no problem with you guys.

You seem to have a strong belief on it and I'd like to say good luck with it because you likely all know what you're saying about it and why you're a maxi of it.

Beerwizzard

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Quote from: billyd7 on October 03, 2023, 01:11:43 PM

1. Must be 2 years since the last one? and been massively upgraded since then.

A quick google search shows that Solana had an outage on January 7, 2023. But for Solana having only 1 issue for this year is a great achievement.
Considering the current low TVL and weak activity I'm not sure if anything happens once it becomes more popular.

Quote from: billyd7 on October 03, 2023, 01:11:43 PM

2. Is there? what does that amount of transactions and so cheaply?

As per DefiLama it have only 0.88% of total DeFi TVL. Which is not surprising since most of the top Dapps are not running on SOL blockchain.

Quote from: billyd7 on October 03, 2023, 01:11:43 PM

3. Wont make an ounce a difference and next one is 2025

It is a doubtful investment when you know that FTX is about to dump 10% of coin's total supply.

Quote from: billyd7 on October 03, 2023, 01:11:43 PM

4. It hasnt at all.

No shit.
About 43% of supply was allocated for team and various private rounds with a price from 0,04$ to 0,25$ while only 1,43% went to CoinList public sale.

billyd7

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Quote from: Beerwizzard on October 03, 2023, 10:08:42 AM

1. Solana have a history of long slowdowns an crashes which makes it technically unreliable.
2. There is a lot of competitors within DeFi sphere that perform better.
3. The huge amount of coins comparing to Solana total supply was in FTX portfolio and it is possible that these coins gonna be sold on spot in order to provide compensation for FTX users.
4. Solana got shitty tokenomics. A large amount of supply was initially concentrated among a small number of users. They can easily dump the price because they bought it cheaper than it was sold on a public sale.

To be honest, it does not seem to be a safe and reliable investment.

Are you on about the same Solona as me?

1. Must be 2 years since the last one? and been massively upgraded since then.
2. Is there? what does that amount of transactions and so cheaply?
3. Wont make an ounce a difference and next one is 2025
4. It hasnt at all.

Beerwizzard

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1. Solana have a history of long slowdowns an crashes which makes it technically unreliable.
2. There is a lot of competitors within DeFi sphere that perform better.
3. The huge amount of coins comparing to Solana total supply was in FTX portfolio and it is possible that these coins gonna be sold on spot in order to provide compensation for FTX users.
4. Solana got shitty tokenomics. A large amount of supply was initially concentrated among a small number of users. They can easily dump the price because they bought it cheaper than it was sold on a public sale.

To be honest, it does not seem to be a safe and reliable investment.

billyd7

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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.

Topic: Layer 1s. Why does anyone invest in any other than Solona? - page 2. (Read 263 times)