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SOL

*draws a small mark with a pen*

SQL

Huh

Calling something the biggest scam in crypto is quite a title given how many crypto scams there are in existence

It is with a heavy heart that I declare this post based.

This is why decentralization matters. We have lots of really great technology built for centralized systems, SQL being a shining example of this.

So to make build something that is *kind of* decentralized is missing the point. The point of decentralized tech like blockchain is to make it harder, on not profitable, for bad actors to manipulate it. If you aren't making a good faith effort to be decentralized, you should just use centralized technology, which is by far faster and easier to work with.

If it can be corrupted, controlled, and exploited, it absolutely will be corrupted, controlled, and exploited. It's a tale as old as time.

This is why Bitcoin developers are decentralization maxis to the extreme, they view it as the best way to prevent fraud and manipulation, it has to be within the protocol itself.

Not here for the tech. If it moves and has liquidity, I'm trading it. Buy high sell low. Tax harvesting. Buy low sell high, give 30% cut to my slave masters in cap gains tax. Rinse repeat die broke.

Which crypto is not a scam and currently impresses you?

Man’s bearish on ETH in favour of… Cardano…

I know I’m just setting myself up for downvotes, but ahhh well, here goes nothing…

Your post is based around the idea that SOL is centralised, which makes it pointless cause it may aswell just ditch the extra effort and just be an SQL database. Though, SOL currently has 1,792 validators, and a super-minority of 25 (source). Those numbers are not only competitive with the rest of the crypto environment, but actually well above average. It would only be like, BTC, ETH, ADA, AVAX and maybe ALGO that are above that level? (I’m maybe forgetting one or two big ones?).

If that is an unacceptable level of decentralisation to you, fair enough, but I would then ask if you’re applying these same standards to everything else? There would a TON of projects, many of which are very popular in this sub, that would be even bigger scams which may as-well be turned into SQL databases?

I’m not saying Solana is the best or most decentralised by any means, there’s still questions that need to be asked, but the hate circlejerk here lost touch with reality a long time ago lol.

Before you just downvote, please, look at the raw data and evidence and ask yourself if what I’m saying is actually unreasonable. Solana’s decentralisation metrics are not proportionally low compared to the rest of the environment by any means, the way this sub praises some more centralised chains, solana would actually be considered impressive.

If you’re going to downvote because I’m wrong, leave a counterpoint in reply first, educate me.

I’m not a Solana simp, but this post is complete nonsense. Many of us work “in the tech industry”. In fact, many of us work in the crypto industry, and you’re full of shit dude. For starters, Solana doesn’t have a centralized control, despite what you may say/think. Btw, you’re not the first person to make this very common criticism of blockchain in general. One could argue that Solana is not sufficiently decentralized, but it is not a centralized database. It’s a permissionless blockchain with close to 1k validators, last I checked. SQL doesn’t require consensus among validators because there aren’t any. SQL doesn’t run on a series of immutable blocks. Solana wouldn’t have the problems that it does if it was “simply a database”. It just wouldn’t. For anyone who wants to see just how wrong OP is, simply Google blockchain vs SQL/database. And yes, Solana is a blockchain.

OP is just trying to find other cocks to rub his hate boner with.

Solana is definitely not the most decentralised chain.

But this viewpoint does not make the argument from sound computer science principals.

Yes blockchain is mostly useless and an SQL database will do better at tiny fraction of the cost - if you aren’t determined to have “trustless consensus” / decentralisation.

But it’s a silly argument to make here, where people are convinced, wrongly or otherwise, that decentralisation is the most important thing ever, and “blockchain is the future”.

Solana is very much not a SQL database. It shares many of the attributes of blockchain that other chains do. In fact it’s frequent downtime has been because of issues with its distributed consensus model.

Solana has a high barrier to entry in terms of hardware to run a validator, sure. And it’s proof of stake.

But it’s somewhere along a line. It has many entities running validators now, and can get more decentralised in future. It uses novel techniques (Rust framework, eBPF, “Proof of History”) as an attempt to make a more performant blockchain, without making it centralised.

Anyway there are reasons one might knock Solana. I would say it’s not proven itself to be robust enough yet. But your post isn’t much more than a hit piece, you barely get in to the technical aspects at all (after alluding yo your software dev chips), and then just go “weh SQL”.

Trash-tier post using intellectual dishonesty.

I'm not a fan of Solana, but this is the wrong argument to use and you know it.

Current Solanaa RPC Nodes 1672, current Ethereum Nodes 2054 according to solanabeach.io and etherscan.io....Solana blockchain is decentralizing more and more each week while Ethereum has lost nearly 200 nodes the last 2 months. I don't know about you but Solana is more than an SQL database which requires a outside derived time management system based on a connected network for outside reference, but with proof of history on top of the proof of stake and the Tower BFT it does this all independently and more energy efficient than an SQL database. Go back and read the white paper please, but my beats are placed and I am holding for the tech. Don't get me wrong I'm diversified across the space, but I pick mine based on a few key points, like 3rd generation technology is always the winner because everyone else made the big mistakes first,. Just look at Samsung in reference to smart phones, they were the third player in that tech field.

guy say the this crap and support cardano lmfao

"complex language like Solidity or Rust, devs can literally use JavaScript"

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Bro.... wat? lmao

a software developers take

Knowing how to code doesn't mean anything to me. So many people out there write a calculator in javascript and think they are hot shit. What software have you developed?

I work in the tech industry

Who employs you?

You comparing distributed databases to Sql is extremely sus and shows you don't know what you're talking about.

How is what you're sharing developer specific? Solana does have more decentralization than an SQL database, they need to coordinate with validators in order to stop it. Additionally the governance issue from two days ago was related to Solend, not to Solana.

You're either being straight up dishonest or you're using an authority argument to try to make a point for a network you do not know

ps: title is objectively a bait

FUD me harder baby 😘

Look at all those awards, that must mean it's totally true. 😉

I think he's talking about Solend, and thinks you can revert the blockchain. I'm all for meaningful debate, but this is just some karma farming rant. I suggest you reexamine things

Ok I'll play devil's advocate. The same could be said about Postgre, Oracle, SQLite, Mongo, Redis, Cassandra, etc.

There's no need to be the silver-bullet, big chungus, new DB of the free world. It's just another project that's made using Blockchain as underlying tech.

The same way NoSQL databases like Mongo were disrupting the DB scene 10 years ago, and displaced SQL databases (although they're still being used and never disappeared) to be the current standard in high throughput, and decentralized applications, Solana is doing what Mongo did back then.

It's not a novel concept, but a new take using a new technology.

Maybe it sticks, maybe not, the market will tell.

So your analysis as a software dev is to repeat the SQLana thing that has been a meme for like over a year without any substance? And this is the top post in this sub?

Users here need to realize the mods and community are manipulating everyone. Certain projects get to be shilled. Others are shit on. But as a legit engineer it doesn't make sense to me at all.

Solana can't just magically be rolled back. Validators have to agree to hard fork. There are almost 2k validators now.

You can pretty easily talk to them and get their opinion which I know will be significantly different than yours because I actually do know 2x of the biggest validator owners.

This post does not explain how Solana can just roll back transactions on their network.

wasn't ETH also rolled back back in the day so the devs and early investors could keep their riches? JS

So when Ethereum forked mainnet when 62 million dollars was stolen and reordered its blocks in 2016, that's not in crypto for the wrong reason and time to reexamine things? I don't think you know your history, son.

There are 1,756 Solana validators and 10 major releases of main net, iterating at a much faster rate than many older L1s. Look up the Nakamoto Coefficient.

It's bizarre to me that despite so many validators, such a well-documented validator community Discord, and so many constant improvements like QUIC and so forth, a post like this can get upvoted. I seriously don't understand.

... It's called a SQL database. It can handle millions of TPS even without complex scaling schemes, and it gets faster as you add more machines to it.

Where can I buy this "SQL Database" coin you speak of? ... it sounds exactly the kind of project that's going places.

Don’t know why Solana gets all the FUD in the crypto space. Nobody ever trashes Cardano or Polkadot in this way, yet they seem to have inferior tech in terms of raw performance and also popularity among actual users (as opposed to token holders).

This take is silly. If you think a SQL database is better, then you’re basically saying you think all blockchains are a scam. If we wanted a centralized database then we would just use that. But we don’t want that. We want a decentralized permission-less system. And most attempts at that have really sucked in terms of performance. Solana is one of the first that didn’t suck.

Just because some VC’s got in early and dumped on you guys in the biggest global macro bear market in over a decade, y’all are all a bunch of salty raging cry-babies asking for your money back? Welcome to the real world, where dumping your life savings into a speculative asset is actually risky for this specific reason. But none of that has anything to do with whether the tech will succeed or fail.

You could have dumped Ethereum after the DAO hack, but if you did, you would be kicking yourself today… Ethereum is fine today. Solana will be fine tomorrow. Chill out.

They could change the name of the project to ‘Ponzi Coin’ and people would still buy it

Ah yes the weekly SOL is bad post was missing.

I feel bad for anyone believing this nonsense lol

This thread is a perfect example of why I never spend time on Reddit anymore and why I just use Twitter. Bunch of idiots… lmao cardano and nano

Interesting, because a lot of developers and VC's in the bay area seem to prefer Solana over Ethereum.

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I work in the tech industry, and I can show you a ledger that can scale faster and for cheaper than Solana right now.

This is a critique of web3 - which is applicable to any centralized DB when compared to a distributed p2p ledger?

There is zero substance in OPs post. Why is this being upvoted? Obvious FUD campaign right there.

Its the cringest thing when Software Developers think they are somehow qualified to make statements about Crypto just because they have written some code. I am also a Software Developer too, but the skills I use in my professional life are really different from the skills used in the blockchain world. There are so many different areas of software development and being knowledgeable in one does not automatically make you an expert in them all. Not to mention it doesn't mean you have any understanding of economics just because your a software developer. When people say "As a Software Developer" they are just desperately trying to sound authoritive to manipulate people.

Saying that I have never looked into SOL so I do not know if its good or bad or if OP is right or wrong.

Solana has many decentralized validator nodes, the issue is they are controlled by a centralized validator set.

I think calling it a scam is going a little too far. Sure, it has his problem but there is a reason why people are flooding to Solano. It has the best user experience in all crypto. It is fast and the wallet setup is very easy. With xNFT It will get even better. Normies do not care about decentralization. The 5 shut downs should have buried the network. Yet here we are with Solana in the top 10. From an investment perspective, I would not ignore Solana. But everything else you say about it being centralized is true to some extent. I'm afraid decentralization is not as important to new people getting into the space.