A Software Developer's Take: Why Solana is the Biggest Scam in Crypto
Solana could literally be replaced with a SQL database at this point; you'd get as much scalability as you want, and there would be no tradeoff in decentralization b/c the chain has none to begin with. People in crypto don't actually want to get rid of the banks; they just want to be the first to get in on the bank that will give them the biggest yields.
It's been said here before, but Solana is a scam: I knew it from the second I heard the CEO of the development company describe the "network switch model" of "doing one thing (high scalability and throughput for dApps) and doing it well".
If you have a ledger that can be rolled back at the discretion of a central group of authorities, then it's literally a glorified database being run by a glorified bank. If you have no problem with this, then you're in crypto for the wrong reasons; therefore, I suggest it's time to reexamine things.
$Bitcoin(BTC.CC$ $AMC Entertainment(AMC.US$ $Terra(LUNA.CC$ $Binance Coin(BNB.CC$
It's been said here before, but Solana is a scam: I knew it from the second I heard the CEO of the development company describe the "network switch model" of "doing one thing (high scalability and throughput for dApps) and doing it well".
If you have a ledger that can be rolled back at the discretion of a central group of authorities, then it's literally a glorified database being run by a glorified bank. If you have no problem with this, then you're in crypto for the wrong reasons; therefore, I suggest it's time to reexamine things.
$Bitcoin(BTC.CC$ $AMC Entertainment(AMC.US$ $Terra(LUNA.CC$ $Binance Coin(BNB.CC$
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BAG FINDER GENERAL : Solana will be the next $Terra (LUNA.CC)$
It won't survive 2022 and people will lose alot of money (not financial advice)
Sg-Jin BAG FINDER GENERAL : Lol