More SOL outages = Price dump | Bitcointalksearch.org

lobo13hf

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Quote from: n0tailbg on June 09, 2022, 05:05:03 AM

This blockchain is able to compete with Ethereum. I don't think there's anything wrong with making mistakes like this.

One time and that's okay but this problem is happening so many times. Don't you even think if people will be very frustated caused by that? I meant you shall see the fact. Bunch of people were making very bad comments after they were getting stuck due to the outages problem and im thinking about this will be bad for solana for long term.

Quote from: n0tailbg on June 09, 2022, 05:05:03 AM

I see this as an opportunity to buy more SOL. Does anyone know where is the best place to buy Solana in the Maldives?

The answer shall be the exchange site. You can't buy sol anywhere other than exchange site. Cheesy

Mpamaegbu

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Quote from: el kaka22 on June 03, 2022, 12:55:18 PM

I still see people buying SOL though, that seems like a crazy thing.

They're buying because they don't think it's a catching a falling knife situation yet. This type of situation completely sets up the "buy when others are scared" philosophy of billionaire Warren Buffett. People only get to see the wisdom in that on hindsight and if it goes well as thought out. Crypto is a whole crazy industry where nothing is so certain it will happen how it's planned. If the SOL network stabilizes and everything goes back to nolmacy, those buying now will be the better for it. It's a worthwhile risk buyers at this time are taking.

aria.newman

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Quote from: n0tailbg on June 09, 2022, 05:05:03 AM

This blockchain is able to compete with Ethereum. I don't think there's anything wrong with making mistakes like this. I see this as an opportunity to buy more SOL. Does anyone know where is the best place to buy Solana in the Maldives?

What difference does it make where you are. The main thing is that you have access to the Internet. Well, if you fundamentally need such information, then I found it for you.
https://cryptogeek.info/en/buy-solana-sol?country=maldives&payment=credit-card

n0tailbg

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This blockchain is able to compete with Ethereum. I don't think there's anything wrong with making mistakes like this. I see this as an opportunity to buy more SOL. Does anyone know where is the best place to buy Solana in the Maldives?

Mame89

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Quote from: masterrex on June 04, 2022, 08:52:57 AM

IMO, I believe it really affects the SOL price more if these so-called outages on Solana Network will continue, and it might cause to drive away those potential investors that want to come aboard in Solana bandwagon.

Anyway, it is just my opinion, but if we based on the real market situation as we have seen lately it is really happening the SOL price has been declining and I presumed that it was partially affected by these unprecedented outages on the Solana network.

I still believe solana will develop well again in the future. Well, although I don't know what the Solana team is planning, considering the network improvement I think this will be good for something you don't want like gas costs or the slowness of this network which needs to be prioritized for users not to complain. and of course the basic price now solana for me this is a good moment to buy

Balmain

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First of all, they need to solve the scaling problem, every time the network is jammed, there will be price drops when this problem occurs. In such cases, this problem needs to be solved completely. For example, they can get support from other blockchain developers. If it solves all their problems, I think the SOL team can take a good position. I am sure that they are trying to establish this balance for now, let's see how successful they will be in this process.

pawanjain

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Quote from: Jackl87 on June 05, 2022, 02:30:57 PM

Quote from: pawanjain on June 02, 2022, 10:49:36 AM

It's a tough year for SOL supporters because of the recent outages in the Solana blockchain.
Bots keep on attacking the blockchain by spamming millions of transactions yet the devs don't have a solution to these.
It's no rocket science that spammers are using the low fees and high TPS as a leverage but this has to stop soon or else SOL will collapse just like LUNA.
The latest outage was today when the team had to restart the blockchain because millions of transactions were being spammed on the network and so they had to halt the blockchain.
I was once a strong believer of the Solana blockchain but this is really bad for a blockchain and completely unacceptable.

I sadly don't own any Sol myself because i missed the train a little bit over a year ago when it was listed on the exchanges and now i don't buy into it anymore because one of my principles is to not buy into project where early investors already made a x100 with or even more. Given the fact, that i don't own any Solana i also follow the new and developments around Solana not that closely but i still saw the nice of all the trouble the Solana blockchain is having. I have to say that i am pretty surprised that the price of SOL is not going down at all or maybe only a little when such a blockchain outage is happening. So it seems that the investors still have a lot of faith into Solana because if an other blockchain would have so many hickups then i think it would have a way bigger impact on the price.

If that's your principle then I have should ask you whether you have ever invested in bitcoin or not.
BTC has gone more than 1000x times yet there are so many people buying it.
Although it doesn't mean Solana might go 1000x too but judging a coin because investors made 100x already isn't justified in my opinion.
But I respect that you have your principles planned and you are following them. It's a good thing to follow your principles.

justdimin

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Quote from: shinratensei_ on June 06, 2022, 01:38:13 AM

Don't be falled into the word of decentralization. I don't why people keep beliving if this will be pumping so hard. Over rated blockchain like this shall worth around a few billions USD. VC shit was buying for the speculation. BNB was the best alternative smartcontract blockchain right now. You will never see the outages to happen with binance smartchain unlike this blockchain. People are so dumb by still buying this shit. They forgot if there are still legit blockchain remaining in the market like DOT and AVAX.
This blockchain may go down again soon. eh people can still sending fund in the offline blockchain lol.

Ehh, it is basically "you are your own" thing at this point. It has been obvious for a while and if anyone is still doing the same thing and still investing into SOL then it is a bit on them as well.

So, I really do not think that it should matter that much. Don't get me wrong I am not saying that they shouldn't do anything, all I am saying is that SOL and how it is operated is obvious and if you are still investing into it then why should we feel pity when it is crashed and burned? When the day comes, what will happen to SOL is the same thing that happened to Luna, maybe not an outside attack, but a big crash for sure and that day we will just say "told you so" and move on.

smartaction

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Solana network working slow and gas has been increase from the last month. that's why People are reducing the use of sol. And many are selling their holding SOL for fear that the sol will crash like LUNA. However, the SOLANA team is working hard to fix this. Hope They will be able to fix it very soon. And if that doesn't happen, it's still going to crash like LUNA.

RussianEnglishTranslation

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Quote from: pawanjain on June 02, 2022, 10:49:36 AM

It's a tough year for SOL supporters because of the recent outages in the Solana blockchain.
Bots keep on attacking the blockchain by spamming millions of transactions yet the devs don't have a solution to these.
It's no rocket science that spammers are using the low fees and high TPS as a leverage but this has to stop soon or else SOL will collapse just like LUNA.
The latest outage was today when the team had to restart the blockchain because millions of transactions were being spammed on the network and so they had to halt the blockchain.
I was once a strong believer of the Solana blockchain but this is really bad for a blockchain and completely unacceptable.

More talks: https://www.reddit.com/r/solana/comments/v33tcs/does_the_solana_dev_team_not_have_a_robust_qa/

Fool me once shame on me, fool me 8 times... and yet you keep buying this VC scam. If you don't do your research, and instead listed to Tik Tok influencers, you are going to lose your money. Invest in real projects like Celo, XLM, CNDL, and IOTA that are building the infrastructure for the fourth industrial revolution.

shinratensei_

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Don't be falled into the word of decentralization. I don't why people keep beliving if this will be pumping so hard. Over rated blockchain like this shall worth around a few billions USD. VC shit was buying for the speculation. BNB was the best alternative smartcontract blockchain right now. You will never see the outages to happen with binance smartchain unlike this blockchain. People are so dumb by still buying this shit. They forgot if there are still legit blockchain remaining in the market like DOT and AVAX.
This blockchain may go down again soon. eh people can still sending fund in the offline blockchain lol.

FlamingFingers

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This is not the first time it's happening, lots of CT influencers are fudding sol, mostly the eth maxis, all because of the outages, if you are in for the long term this is the best time to buy more to average your price if you had bought before or just do a dollar cost average on it regardless of the Fud sol will pump hard

vv181

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Quote from: Jackl87 on June 05, 2022, 02:30:57 PM

I have to say that i am pretty surprised that the price of SOL is not going down at all or maybe only a little when such a blockchain outage is happening. So it seems that the investors still have a lot of faith into Solana because if an other blockchain would have so many hickups then i think it would have a way bigger impact on the price.

It's about time, I guess. They might promise scalability but if it doesn't come with the network uptime assurance, it doesn't mean anything. If there is another more and more blockchain halt, it should wary all the userbase. Which surely doesn't good nor should be tolerable.

Even let's say in the future the platform gets better yet there is a sudden halting again. That should raise the concern since nobody doesn't have any guarantee besides their own developers or contributors who truly know the codebase.

Jackl87

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Quote from: pawanjain on June 02, 2022, 10:49:36 AM

It's a tough year for SOL supporters because of the recent outages in the Solana blockchain.
Bots keep on attacking the blockchain by spamming millions of transactions yet the devs don't have a solution to these.
It's no rocket science that spammers are using the low fees and high TPS as a leverage but this has to stop soon or else SOL will collapse just like LUNA.
The latest outage was today when the team had to restart the blockchain because millions of transactions were being spammed on the network and so they had to halt the blockchain.
I was once a strong believer of the Solana blockchain but this is really bad for a blockchain and completely unacceptable.

I sadly don't own any Sol myself because i missed the train a little bit over a year ago when it was listed on the exchanges and now i don't buy into it anymore because one of my principles is to not buy into project where early investors already made a x100 with or even more. Given the fact, that i don't own any Solana i also follow the new and developments around Solana not that closely but i still saw the nice of all the trouble the Solana blockchain is having. I have to say that i am pretty surprised that the price of SOL is not going down at all or maybe only a little when such a blockchain outage is happening. So it seems that the investors still have a lot of faith into Solana because if an other blockchain would have so many hickups then i think it would have a way bigger impact on the price.

passwordnow

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Quote from: pawanjain on June 05, 2022, 08:06:45 AM

Quote from: passwordnow on June 05, 2022, 03:23:09 AM

Yeah, hopefully, that they'll be able to find a better solution and it won't happen again. I'm seeing the success that they're getting from the NFT market and it's like the momentum that they've been waiting for.
Once these outages have been solved and they become stable, the only thing they need to do is to maintain the network and see everyone happy using sol for their daily transactions.

Yes ofcourse, I am happy about the fact that the dev team was able to identify and quickly fix the issue.
Although it took a huge step and compromised on the trust but I think things will be sorted for good soon.
You should join the Solana discord where the real action is taking place. People discussing on the network and questioning its credibility.
The supporters of the chain tackling those questions and it's quite worthy to read the answers.

Thanks, I'll just hop in for some info there as I'm not into such groups. But as it is the official, I'll be getting info from their actual team. Now I get it, most investors of sol are getting their info there.

Quote from: pawanjain on June 05, 2022, 08:06:45 AM

Another issue Solana blockchain is currently facing is that the clock used on the Solana blockchain is lagging behind by 4 hours currently.
This will be fixed when the Epoch is finished and the next Epoch starts. So things will be normal by tomorrow as the new Epoch starts.

Although Solana had to restart the blockchain which caused a halt, the price didn't go much lower.
Obviously we could notice the dump due to the halt but it's already recovering the dump and sustaining it well in fact.

This is more on the technical side and I'm not a tech guy that understands it easily. Cheesy

But what I understand is that they're able to stop the outage and did some solutions there, got to see the effort there and they've made it.

zasad@

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https://chubk.com/blockchain-solana-collapses-for-the-4th-time-in-2022/
Blockchain Solana collapses for the 4th time in 2022

A smart and cautious investor needs only 1 failure.
For an inexperienced investor, 2-3 failures may be enough.
How much do you need?

pawanjain

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Quote from: passwordnow on June 05, 2022, 03:23:09 AM

Quote from: pawanjain on June 04, 2022, 08:35:25 AM

Quote from: passwordnow on June 04, 2022, 05:10:06 AM

If no solution from the devs, this is going to be a cycle. Despite the success that I'm seeing on them because they've been building a huge market and choice for the NFTs, this will make these projects ship to another one that has high TPS and low transaction cost.
They can't afford to rely on this type of network that's always been attacked and can't block these spams that causes them to lose millions of money because of the network's outages.

The model of high TPS with low transaction fees is the only reason why these outages are happening at first place.
Solana is by far the best blockchain which has high TPS with low transaction fees and if it can't stop the network outages then I don't think any other blockchain will be able to sustain it either.
But I guess Solana will make it up to the mark soon. All these outages are a good sign that the team is actively working on fixing the issues.
I think we should give Solana more time and may be reconsider it later.

Yeah, hopefully, that they'll be able to find a better solution and it won't happen again. I'm seeing the success that they're getting from the NFT market and it's like the momentum that they've been waiting for.
Once these outages have been solved and they become stable, the only thing they need to do is to maintain the network and see everyone happy using sol for their daily transactions.

Yes ofcourse, I am happy about the fact that the dev team was able to identify and quickly fix the issue.
Although it took a huge step and compromised on the trust but I think things will be sorted for good soon.
You should join the Solana discord where the real action is taking place. People discussing on the network and questioning its credibility.
The supporters of the chain tackling those questions and it's quite worthy to read the answers.

Another issue Solana blockchain is currently facing is that the clock used on the Solana blockchain is lagging behind by 4 hours currently.
This will be fixed when the Epoch is finished and the next Epoch starts. So things will be normal by tomorrow as the new Epoch starts.

Although Solana had to restart the blockchain which caused a halt, the price didn't go much lower.
Obviously we could notice the dump due to the halt but it's already recovering the dump and sustaining it well in fact.

passwordnow

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Quote from: pawanjain on June 04, 2022, 08:35:25 AM

Quote from: passwordnow on June 04, 2022, 05:10:06 AM

If no solution from the devs, this is going to be a cycle. Despite the success that I'm seeing on them because they've been building a huge market and choice for the NFTs, this will make these projects ship to another one that has high TPS and low transaction cost.
They can't afford to rely on this type of network that's always been attacked and can't block these spams that causes them to lose millions of money because of the network's outages.

The model of high TPS with low transaction fees is the only reason why these outages are happening at first place.
Solana is by far the best blockchain which has high TPS with low transaction fees and if it can't stop the network outages then I don't think any other blockchain will be able to sustain it either.
But I guess Solana will make it up to the mark soon. All these outages are a good sign that the team is actively working on fixing the issues.
I think we should give Solana more time and may be reconsider it later.

Yeah, hopefully, that they'll be able to find a better solution and it won't happen again. I'm seeing the success that they're getting from the NFT market and it's like the momentum that they've been waiting for.
Once these outages have been solved and they become stable, the only thing they need to do is to maintain the network and see everyone happy using sol for their daily transactions.

eaLiTy

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Quote from: hichamito37 on June 02, 2022, 11:02:13 AM

This is the 4th time in 2022 the Solana network outage, previously the solana team also vowed to fix this situation and not let it happen again, but maybe they fail again.
It's hard to accept a top-rated blockchain that keeps experiencing outages. This situation continues so I think Sol will be like Luna, investors will leave them.

The developers will keep on vouching with every outages and unless and until there is a solid solution, projects will move away from Solona and even now majority of the projects are in multiple networks because you cannot trust a single project that can claim that they will scale without any fundamental technical issues and that is the case with SOL.

Xal0lex

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Quote from: pawanjain on June 02, 2022, 10:49:36 AM

I was once a strong believer of the Solana blockchain but this is really bad for a blockchain and completely unacceptable.

Yes, a similar situation. I used to have high hopes for Solana, which were more due to the NFT hype on Solana, referred to in the community as Solana Summer, but recent events with the blockchain stoppage and constant lags make one wonder if all is well with the ecosystem and if SOL is worth holding it for the long term. If you strip away all the hype and marketing around Solana, what's left in the pure form? A problematic blockchain with lots of bugs and questionable PoH consensus, and much of what has been announced has not yet been implemented.

Topic: More SOL outages = Price dump (Read 381 times)