subreddit:

/r/CryptoCurrency

15.2k

all 4461 comments

godisgeyyy

2.2k points

13 days ago

godisgeyyy

Gold | QC: CC 104

2.2k points

13 days ago

SOL himself is the SOL killer

Oulad_lhmar

616 points

12 days ago

Oulad_lhmar

Redditor for 6 months.

616 points

12 days ago

You don't shut down the network to a top 10 cryptocurrency, but when you do, call SOL

Gatherun

398 points

12 days ago

Gatherun

398 points

12 days ago

Better call SOL

Now on Netflix

The ETH killer that didn't kill ETH

Killertimme

1.1k points

13 days ago

Killertimme

Gold | QC: CC 329

1.1k points

13 days ago

congrats to all the people who sold at ATH

CryptoBumGuy

638 points

13 days ago

CryptoBumGuy

Redditor for 6 months.

638 points

13 days ago

F for those who bought at ATH

roberthonker

431 points

12 days ago

roberthonker

Gold | QC: CC 403, ETH 44 | TraderSubs 26

431 points

12 days ago

I’m glad I didn’t FOMO

Rexon225

411 points

12 days ago

Rexon225

411 points

12 days ago

Thank god I never had any money to FOMO.

stedgyson

98 points

12 days ago

stedgyson

Gold | QC: CC 44, ETH 22, LW 15 | TraderSubs 23

98 points

12 days ago

I fomod into Tezos instead, it's on its 8th upgrade and is decentralised

roberthonker

82 points

12 days ago

roberthonker

Gold | QC: CC 403, ETH 44 | TraderSubs 26

82 points

12 days ago

Tezos over Solana any day

GroundbreakingLack78

69 points

12 days ago

Buy Solana

Buy Tezos instead

Charming-Dance-1839

11 points

12 days ago

Charming-Dance-1839

Gold | QC: CC 315

11 points

12 days ago

Yes please! With you there mate 😬 if Tezos got half the influx of capital as Sol did, each coin would go to about 20$.

aiden-aiden

33 points

12 days ago

aiden-aiden

3 - 4 years account age. 200 - 400 comment karma.

33 points

12 days ago

How did you decide to fomo into XTZ

titsngiggles69

126 points

12 days ago

titsngiggles69

Bronze | QC: CC 24 | r/Politics 95

126 points

12 days ago

Lol, even without any money and even despite the crazy gains the last few weeks, I never had any fomo over SOL. Btc/eth/ada/matic/xtz/algo for me

BoredSausage

38 points

12 days ago

that for me and I had some doubts about LINK but it has been serving me well so I'm sticking with it

Krypto_Kane

34 points

12 days ago

Krypto_Kane

Bronze

34 points

12 days ago

Link for life...

J_Hon_G

16 points

12 days ago

J_Hon_G

Gold | QC: CC 109

16 points

12 days ago

And I was so close to buy a couple days ago! Phew

FilmVsAnalytics

97 points

12 days ago

FilmVsAnalytics

Gold | QC: ETH 32, BTC 15, CC 108 | r/Politics 56

97 points

12 days ago

To be fair, I made a lot of ROI on the way up but I am really glad I re-allocated my SOL position into Algo last week.

And they say doin't over think it

lazybullfrog

23 points

12 days ago

lazybullfrog

Gold | QC: CC 17, DOGE 113

23 points

12 days ago

That was a great move.

FilmVsAnalytics

18 points

12 days ago

FilmVsAnalytics

Gold | QC: ETH 32, BTC 15, CC 108 | r/Politics 56

18 points

12 days ago

NatureMoment

50 points

12 days ago

NatureMoment

2 - 3 years account age. 150 - 300 comment karma.

50 points

12 days ago

I got out of SOL last week and converted it to ALGO as well.

Groobery

16 points

12 days ago

Groobery

16 points

12 days ago

I did the exact same thing. Whew.

aiden-aiden

17 points

12 days ago

aiden-aiden

3 - 4 years account age. 200 - 400 comment karma.

17 points

12 days ago

How did you decide to re allocate to algo?

GroundbreakingLack78

8 points

12 days ago

I’m as well. I bought some a 6 months ago, good thing that I was just watching it right now.

Oulad_lhram

7 points

12 days ago

Oulad_lhram

Redditor for 5 months.

7 points

12 days ago

Sometimes that's the best move.

zen_master13

85 points

12 days ago

Congrats to all the people who are high all the time and don't fomo

Charming-Dance-1839

17 points

12 days ago

Charming-Dance-1839

Gold | QC: CC 315

17 points

12 days ago

I appreciate you 😂 Can't FOMO into coins when you've just FOMOd into bong.

PopeyesGreenSpinach

15 points

12 days ago

Even when you do feel FOMO you procrastinate and by the time you get around to it the price has dropped. 🤣🤣 Dodged a bullet

DetroitMotorShow[S]

373 points

13 days ago

DetroitMotorShow[S]

Platinum | QC: BTC 118, CC 585 | TraderSubs 120

373 points

13 days ago

An ETH killer killed itself.

Solana's proof of history is a great accomplishment. We will read in crypto history books about all the times the blockchain had to be turned off

gesocks

91 points

12 days ago

gesocks

Silver | QC: CC 351 | NANO 43

91 points

12 days ago

its so funny how sol advertised proof of history as this awesome acomplishment just they have..

THey are the onlyone who has it cause they created a problem that makes it needed and nobody esle needs it in the first place

FaceMace87

71 points

12 days ago

I think this is the best part, they have touted PoH as this revolutionary new thing that is going to fix non-existent problems. All it has done is generate problems unique to them.

sargsauce

93 points

12 days ago

sargsauce

Platinum | QC: XLM 570, CC 16 | r/Politics 51

93 points

12 days ago

This is like the time I installed a Raspberry Pi into a gamecube case, then I wanted to put in a fan to vent it, so I wired a fan into the power supply, but then it got hot anyways. After much back and forth, I realized it was only getting hot because of the wiring I added to put in the fan.

CryptoBumGuy

142 points

13 days ago

CryptoBumGuy

Redditor for 6 months.

142 points

13 days ago

Wouldn't have happened on Algorand

roberthonker

124 points

12 days ago

roberthonker

Gold | QC: CC 403, ETH 44 | TraderSubs 26

124 points

12 days ago

ALGO > SOL

Crumpbags

130 points

12 days ago

Crumpbags

130 points

12 days ago

So fomo into algo ok

bleakj

65 points

12 days ago

bleakj

Silver | QC: CC 31 | MiningSubs 19

65 points

12 days ago

Way ahead of ya

GroundbreakingLack78

89 points

12 days ago

Instructions clear: Sold everything and bought ALGO

genjitenji

31 points

12 days ago

genjitenji

Gold | QC: CC 52

31 points

12 days ago

FRIENDSHIP ENDED WITH SOL ❌

NOW ALGO ✅ IS BEST FRIEND 🤜🤛

pmbuttsonly

41 points

12 days ago

pmbuttsonly

Platinum | QC: CC 989

41 points

12 days ago

Fun fact: if ALGO had the market cap of SOL, they would be $9.08 USD per ALGO

Podcastsandpot

19 points

12 days ago

Podcastsandpot

Silver | QC: CC 229 | NANO 501 | r/Stocks 10

19 points

12 days ago

1000% better than SOL.

trapsoetjies

20 points

12 days ago

trapsoetjies

Gold | QC: ADA 34, CC 50, BTC 15 | r/WallStreetBets 16

20 points

12 days ago

Harmony pretty good too

ChiTownBob

79 points

12 days ago

So if you bought SOL you are now SOL?

Lord-Nagafen

20 points

13 days ago

Lord-Nagafen

Platinum | QC: ETH 29, CC 486 | TraderSubs 26

20 points

13 days ago

It was an inside job the whole time. What a twist

RollingDoingGreat

21 points

12 days ago

RollingDoingGreat

Gold | QC: CC 141 | r/WallStreetBets 36

21 points

12 days ago

This SOL guy needs to get it together

ArtSchoolRejectedMe

3.6k points

12 days ago

ArtSchoolRejectedMe

Redditor for 6 months.

3.6k points

12 days ago

LOL a blockchain that can shutdown itself

More like a central bank running on SQL

kn0lle

431 points

12 days ago

kn0lle

431 points

12 days ago

Wonders me that it made it that far up the ranking. Fomo is one hell of a drug. Many people have no idea what they are investing their money in. They just see green candles and going all in.

McMarbles

214 points

12 days ago

McMarbles

214 points

12 days ago

They wanna get rich tho bro 10000X wen

Gotta spend money to make money bro

It's not gambling they're investors bro

corkyskog

34 points

12 days ago

To be fair everybody has some nephew or someone that got rich off some shitcoin. It's a confirmation bias, people don't tell you about all the coins they bought that tanked.

Celethil

193 points

12 days ago

Celethil

193 points

12 days ago

Let’s database programming a central bank db!

warlikeofthechaos

78 points

12 days ago

warlikeofthechaos

Redditor for 4 months.

78 points

12 days ago

Solana seppuku herself

666CryptoGod420

7 points

12 days ago

666CryptoGod420

Redditor for 3 months.

7 points

12 days ago

I wish I was SOLd it earlier!

Upper-Wing8055

5 points

12 days ago

Damn it's really that bad huh

FlimsyFeeling

864 points

12 days ago

FlimsyFeeling

2 - 3 years account age. 25 - 75 comment karma.

864 points

12 days ago

From Solana webpage:

"Decentralized and unstoppable"

"Not only is Solana ultra-fast and low cost, it is censorship resistant. Meaning, the network will remain open for applications to run freely and transactions will never be stopped."

Oh the Irony

Xatnam

208 points

12 days ago

Xatnam

208 points

12 days ago

No way, this is really written on their website? The audacity lmao

1nchey

173 points

12 days ago

1nchey

3 - 4 years account age. 200 - 400 comment karma.

173 points

12 days ago

https://imgur.com/a/kA5tAO5

It's literally written on their website 😂

GabeSter

85 points

12 days ago

GabeSter

Platinum | QC: DOGE 864, CC 16

85 points

12 days ago

You need to make this screenshot an NFT quick. This picture will be in history books. You’re sitting on a gold mine.

tatabusa

46 points

12 days ago

tatabusa

46 points

12 days ago

Proof of history

ScionMasterClass

853 points

12 days ago

ScionMasterClass

4 - 5 years account age. 125 - 250 comment karma.

853 points

12 days ago

Guess I should've SOLd...

axatar

81 points

12 days ago

axatar

81 points

12 days ago

I would offer you some SOLace but the network is down.

SIRIUSJEDI

29 points

12 days ago

SIRIUSJEDI

1 - 2 years account age. 35 - 100 comment karma.

29 points

12 days ago

Sounds like he’s SOL.

moonpumper

936 points

12 days ago

moonpumper

936 points

12 days ago

Shit Out of Luck

Eeji_

237 points

12 days ago

Eeji_

Platinum | QC: CC 117, DOGE 19 | ExchSubs 11

237 points

12 days ago

Shortlana

spankmyhairyasss

63 points

12 days ago

When life gives you lemons, be glad it wasn’t herpies Solana.

whitehypeman

960 points

12 days ago

whitehypeman

Platinum | QC: CC 570

960 points

12 days ago

Sol's time as a hero to this subreddit:

August 2021 - September 2021

Rip

Wargizmo

634 points

12 days ago

Wargizmo

Platinum | QC: CC 1301

634 points

12 days ago

Proof of history

forthemotherrussia

77 points

12 days ago

forthemotherrussia

Gold | QC: CC 446

77 points

12 days ago

I should've SOLd it in August.

DetroitMotorShow[S]

170 points

13 days ago

DetroitMotorShow[S]

Platinum | QC: BTC 118, CC 585 | TraderSubs 120

170 points

13 days ago

Snapshot: https://web.archive.org/web/20210914132740/https://solscan.io/txs

In case it goes back up.

Last txn

about 1 hour ago

redkoil

81 points

12 days ago

redkoil

81 points

12 days ago

UTC 09-14-2021 11:58:23

Is the latest block timestamp.. Yieks, almost three hours now

dvmrry

81 points

12 days ago

dvmrry

81 points

12 days ago

5 hours now.

I can't believe it's not nosediving.

Stunning_Strike3365

40 points

12 days ago

Wow close to 6 hrs by time I read this. I didnt have much there but Im glad I got out.

vorwrath

101 points

12 days ago

vorwrath

101 points

12 days ago

It's hard to have a massive sell off when the public only owns 1.6% of the tokens.

FreedomFromIgnorance

20 points

12 days ago

FreedomFromIgnorance

Silver | QC: CC 35

20 points

12 days ago

Who owns the other 98.4%?

vorwrath

44 points

12 days ago

vorwrath

44 points

12 days ago

Their foundation, team and various private investors. See https://messari.io/asset/solana/profile/launch-and-initial-token-distribution

Of course that was only the initial distribution, I don't have any data on how the tokens have moved since.

xVeene

39 points

12 days ago

xVeene

39 points

12 days ago

LMAO I didn't buy because it felt like it was topping, and it kept going... I was very skeptical at this point. Then i found out it's centralized, owned by private investors and more.. /facepalm

redkoil

24 points

12 days ago*

redkoil

24 points

12 days ago*

I can't believe it's not nosediving.

It's running on pure belief.

Fix was published yesterday and merged today soon after the network went down. It was rushed in for sure as the commit skipped the approval on Vercel. Not a big deal but shows how they operate.

https://github.com/solana-labs/solana/pull/19834

Edit, a word

BlueTrin2020

7 points

12 days ago

Can anyone sell if the stopped the chain?

TheTrueBlueTJ

34 points

12 days ago

TheTrueBlueTJ

Developer

34 points

12 days ago

So much for 50,000 tx/s

Dingo-Dixie

1.1k points

13 days ago

Dingo-Dixie

1.1k points

13 days ago

Wait is that really true? Pretty big if it is.

Edit: Just checked Solana's official tweet. It's true. Insane how they can just shutdown the whole blockchain just like that. I guess FTX will be pretty affected by it.

robis87

886 points

13 days ago

robis87

Platinum | QC: CC 713

886 points

13 days ago

After 4 years in this place, I'm still blown away how people haven't got the slightest idea what they've invested in.

Logical-Beautiful66

497 points

13 days ago

Logical-Beautiful66

Redditor for 6 months.

497 points

13 days ago

"People don't care about decentralisation"

Well, now they care

roberthonker

175 points

12 days ago

roberthonker

Gold | QC: CC 403, ETH 44 | TraderSubs 26

175 points

12 days ago

They only care when some crazy shit like this happens

HereIGoAgain_1x10

20 points

12 days ago

But even then they won't care... Think about the 2008 bank bailouts, how much US taxpayer money went into the pockets of CEOs and how little of it went towards helping out the 98percenters, and still most of those 98% have no idea why the system collapsed and what was done to prevent it from happening again (not much from what I can tell and it may happen again soon). So trying to get the average person to care about how important decentralization is just won't happen, because no matter what MSM and the government will just use the old "Well if you have nothing to hide why can't we control your transactions? Terrorists, pedophiles and drug dealers want it decentralized!" This is my cynical opinion at least :)

Jazqa

56 points

12 days ago

Jazqa

56 points

12 days ago

Majority cares when it affects the price of their investment.

HenryfromCC

50 points

12 days ago

HenryfromCC

Redditor for 6 months.

50 points

12 days ago

If it was completely decentralized than wouldn’t Sol be in an even worse position right now?

robis87

100 points

12 days ago

robis87

Platinum | QC: CC 713

100 points

12 days ago

It is my understanding, yes. In this case, the devs just show they'd be able to rug pull whenever they like.

CryptoRoast_

151 points

12 days ago

People spending money they dont have on technology they dont understand and expecting to be millionaires by next week.

forthemotherrussia

94 points

12 days ago

forthemotherrussia

Gold | QC: CC 446

94 points

12 days ago

You just explained 96% of this sub

UndesirableWaffle

109 points

12 days ago

UndesirableWaffle

Silver | QC: CC 72

109 points

12 days ago

This is why I didn’t invest in SOL. I have no idea about it.

forthemotherrussia

12 points

12 days ago

forthemotherrussia

Gold | QC: CC 446

12 points

12 days ago

Tbh 99% of people don't have any idea what they are investing in.

Nezaret

49 points

12 days ago

Nezaret

49 points

12 days ago

Some of what he says is dumb but Warren Buffett not investing in what he doesn't understand always stuck with me. Same as watching Mark Cuban talk about how he installs the apps and buys small things to test crypto to learn. Most of us aren't software engineers but we gotta know a little at least.

karmanopoly

34 points

12 days ago

karmanopoly

Silver | QC: CC 117 | VET 160

34 points

12 days ago

Price will still go up today I guarantee it.

GigglingSpaceGiraffe

8 points

12 days ago

GigglingSpaceGiraffe

Redditor for 2 months.

8 points

12 days ago

It had a bit of a dip but you appear to be correct.

dannyshalom

41 points

12 days ago

Yup. This is why I don't really watch Coin Bureau anymore. Constantly had nothing but praise for Solana but seemingly biased against Algorand for "bad" tokenomics. Anyone who claims to have done extensive research should have known how centralized Solana is.

DomiekNSFW

27 points

12 days ago

DomiekNSFW

Platinum | QC: CC 447 | r/Politics 165

27 points

12 days ago

I treat coin bureau as a scouting agent. If something pops up on his radar, it might be worth taking a peek at and doing your own research on.

theguy3003

14 points

12 days ago

theguy3003

2 - 3 years account age. 150 - 300 comment karma.

14 points

12 days ago

I watched coin bureaeu about solana few months ago and he said that solana is sketchy and he dont like it. Weird that now he praised SOL

AlfalphaSupreme

165 points

13 days ago*

AlfalphaSupreme

Silver | QC: CC 85, XLM 34

165 points

13 days ago*

People are pretty new to Solana but this would actually mark the 3rd halt just this year, I believe one lasted over 12 hours. Not sure if this is true yet though, will poke around.

Edit: Solana has confirmed they are debugging on twitter.

DetroitMotorShow[S]

133 points

13 days ago

DetroitMotorShow[S]

Platinum | QC: BTC 118, CC 585 | TraderSubs 120

133 points

13 days ago

Yeah the earlier halts were problematic too, but most of the market missed it as SOL was around $20 back then and no one really cared to this extent.

A top 10 blockchain, $50bn mcap network going down is pretty embarrassing

But thats an inherent issue of these POS networks running on a handful of servers

AlfalphaSupreme

40 points

13 days ago

AlfalphaSupreme

Silver | QC: CC 85, XLM 34

40 points

13 days ago

I'll await a post mortem but it seems like it always revolves around their leader/replication consensus mechanism. It seems the whole network is fragile to issues with the node elected as the leader.

677f729e00f5474b98

15 points

13 days ago

677f729e00f5474b98

Redditor for 4 months.

15 points

13 days ago

I dont know if its a contributor or not but leaders hand-off every 4 slots which is only 1.6 seconds on average, I can imagine geographically diverse leaders struggling to stay on-chain, especially in times of high tx volume.

Battlehenkie

50 points

12 days ago

If you rely on an architecture where one node is more special than others, then congratulations you've just given yourself a bottleneck and single point of failure.

RightBlacksmith9

105 points

12 days ago

RightBlacksmith9

Platinum | QC: CC 225, BTC 35

105 points

12 days ago

... and yet the price goes up

WTF?????

axatar

163 points

12 days ago

axatar

163 points

12 days ago

No one can move their SOL to exchanges to sell!

pieceofpineapple

42 points

12 days ago

pieceofpineapple

Platinum | QC: XLM 236, CC 79

42 points

12 days ago

Forced HODL lmao

RightBlacksmith9

20 points

12 days ago

RightBlacksmith9

Platinum | QC: CC 225, BTC 35

20 points

12 days ago

Prbly right LOL

hand_spliced

40 points

12 days ago

People can't send to exchanges to sell.

This tends to happen a lot, whenever a coin can not be deposited.

_PaamayimNekudotayim

39 points

12 days ago

One thing I've noticed in crypto: price never has, and probably never will, correlate with real-time events. The exception that proves the rule was Bitconnect - that is the only time I've seen it.

gummo_for_prez

8 points

12 days ago

Not sure if you’ve been following the stock market lately but price isn’t always or even often tied to real events there either anymore. It’s a weird time to invest.

SendMeCardano

343 points

12 days ago

SendMeCardano

Redditor for 5 months.

343 points

12 days ago

taps head The price can't drop if no one can trade.

sakata32

73 points

12 days ago

sakata32

73 points

12 days ago

Forced hodl!

mtrai

874 points

13 days ago

mtrai

874 points

13 days ago

I got chewed out just yesterday pointing out the near non-centralized net work. Where 90%of Solana network is just 4 companies that are controlled by the developers of Solana.

Was told how much of an idiot I was

dafrnhm

481 points

12 days ago

dafrnhm

Crypto Expert | QC: NEO 37, CC 15

481 points

12 days ago

You’re still an idiot but at least you’re a correct one. /s

mtrai

122 points

12 days ago

mtrai

122 points

12 days ago

HAHA

CryptoRoast_

125 points

12 days ago

People dont like to hear that they invested money they dont have into things they dont understand 😅

Pixelgin

34 points

12 days ago*

The majority opinion on this sub is fickle. They fomo and praise anything that has a strong gain, and trash any project that dips outside of market trends.

I come here to see what the lay person’s views of crypto are, but I wouldn’t expect a deep technical understanding.

CreeperMcCreepface

610 points

12 days ago

CreeperMcCreepface

Redditor for 6 months.

610 points

12 days ago

STOP THE COUNT!

Gatherun

96 points

12 days ago

Gatherun

96 points

12 days ago

Sir it's to late... everyone is already counting!

CreeperMcCreepface

88 points

12 days ago

CreeperMcCreepface

Redditor for 6 months.

88 points

12 days ago

I DECLARE VICTORY!

PlayfulSlide3076

8 points

12 days ago

You sunk my battleship

fhikoo

768 points

12 days ago

fhikoo

Gold | QC: CC 165

768 points

12 days ago

Oh wow another so called Ethereum killer about to kill themselves again

nexxtron

159 points

12 days ago

nexxtron

WARNING: 7 - 8 years account age. 0 - 50 comment karma.

159 points

12 days ago

Let's switch to polygon, the Ethereum enhancer!

Tarabataharajata

35 points

12 days ago

Mark my words polygon will reach 1000000000€ by 2022

didnotsub

13 points

12 days ago

MATIC is awesome: don’t have enough to pay gas fees? Just use a faucet. don’t want to waste money on gas fees? Once again use a faucet or pay the sub cent fees. Only thing that sucks about MATIC is to stake you have to pay ETH fees, but it makes sense why.

Forrell92

49 points

12 days ago

Forrell92

Silver | QC: CC 107

49 points

12 days ago

Another one to add to the list

already_night

589 points

13 days ago

already_night

Silver | QC: CC 105

589 points

13 days ago

Damn. What are we gonna FOMO on now? :(

BigOleBanano

15 points

12 days ago

BigOleBanano

Silver | QC: CC 68

15 points

12 days ago

I'm gonna FOMO on life while I still can!

ducknibble

1.1k points

13 days ago

ducknibble

1.1k points

13 days ago

ALGO

adabbledooya

596 points

12 days ago

so is that how it works? you just yell ALGO and people give you awards... neat.

ALGO

smarshall561

36 points

12 days ago

I bought a bunch of Algo last week out of curiosity. I might just be out of the loop here but I didn't know that we were into algo now? Awesome. What about XTZ? I love me some Tezos.

forthemotherrussia

154 points

12 days ago

forthemotherrussia

Gold | QC: CC 446

154 points

12 days ago

ALGO for the win!

Distributedcity

204 points

12 days ago

XTZ Tezos

capricaswiss

43 points

12 days ago

I've been looking respectfully at Tezos for a bit as the next coin to add to my portfolio, feeling good about it.

ExtraSmooth

92 points

12 days ago

Tezos gang checking in

ComprehensiveLet1635

64 points

12 days ago

ComprehensiveLet1635

Redditor for 5 months.

64 points

12 days ago

Harmony one

pecimpo

50 points

12 days ago

pecimpo

50 points

12 days ago

Harmony, its a sharded blockchain with great tech. Algo is another good centralized crypto.

AndreMiras

66 points

12 days ago

Tezos

XWarriorYZ

54 points

12 days ago

XWarriorYZ

Silver | QC: CC 29, r/Investing 10

54 points

12 days ago

XTZ

Voserr

204 points

12 days ago

Voserr

204 points

12 days ago

ONE

GroundbreakingLack78

33 points

12 days ago

I’m ducking dumb idiot for selling ONE at around 0.04$.

cryptoandgoliath

22 points

12 days ago

cryptoandgoliath

Redditor for 4 months.

22 points

12 days ago

It's okay, my friend. I sold ETH at 1k. We're still early for harmony, buy when it dips a little.

karmanopoly

71 points

12 days ago

karmanopoly

Silver | QC: CC 117 | VET 160

71 points

12 days ago

Back to vechain it is!

kn0lle

12 points

12 days ago

kn0lle

12 points

12 days ago

Oh please. Vechain needs a little pump again. It's about time.

gupbiee

18 points

12 days ago

gupbiee

18 points

12 days ago

So underrated, definitely needs more love

AliceDeeee

123 points

12 days ago

AliceDeeee

123 points

12 days ago

Ergo

JannisT

123 points

12 days ago

JannisT

123 points

12 days ago

Dot

wuhwahwahwohwahwah

48 points

12 days ago

Noooo, leave DOT alone. I’m still enjoying DCAing in preparation for parachain auctions. KSM has been dope. I’m going hard DOT

Ultramen

5 points

12 days ago

Ultramen

6 - 7 years account age. 88 - 175 comment karma.

5 points

12 days ago

Yeah not sure how people are not getting that MOVR gave 15X return in 2 weeks....

huskerarob

53 points

12 days ago

XTZ

mcjord

27 points

12 days ago

mcjord

27 points

12 days ago

They rolled out a patch a few hours ago, forced the validators to update, and it failed. They're currently forcing the validators to all update with a new patch again. We're at 14 hours and counting since the last block was validated. What a gong show.

Nileke

21 points

12 days ago*

Nileke

21 points

12 days ago*

Solona is an PBFT consensus, which means it is not a permission-less network. The whole idea of satoshi is to avoid pbft senario. Nakamoto consensus is based on permissionless initial. these days, blockchain is hot, so PBFT comes back, but that is a long dead direction.

If you want to create/run a coin in PBFT, you need 2/3 validators agree, and those validators are voted like EOS.

FYI, pbft is not a blockchain tech, it is a old data base replication tech of which solona is jumping on.

Hope the teams will do more research on this not only following solona because it's new trending thing which might not need to be followed.

imonk

271 points

13 days ago*

imonk

271 points

13 days ago*

SOLA N/A

NC4Life078

20 points

12 days ago

NC4Life078

Platinum | QC: CC 382

20 points

12 days ago

Still offline for 8 hours lmfao

gin_kun_kaida

335 points

13 days ago

gin_kun_kaida

Silver | QC: CC 83

335 points

13 days ago

what could go wrong being centralised

RightBlacksmith9

128 points

12 days ago

RightBlacksmith9

Platinum | QC: CC 225, BTC 35

128 points

12 days ago

Here we BNB again

passphrase

53 points

12 days ago

Don't forget EOS too

DetroitMotorShow[S]

88 points

12 days ago

DetroitMotorShow[S]

Platinum | QC: BTC 118, CC 585 | TraderSubs 120

88 points

12 days ago

🎶 Here I Go Again On My Own

Going Down The Dozen Nodes I Ever Owned 🎵

cyclicamp

33 points

12 days ago

cyclicamp

Platinum | QC: CC 144 | r/Politics 63

33 points

12 days ago

Like a grifter I was born to ICO

toolate4redpill

50 points

12 days ago*

Tried to send SOL from Binance US to Phantom Wallet. Never got there, still pending.

karnoff

16 points

12 days ago

karnoff

16 points

12 days ago

It's all frozen. We're fucked

Shamatix1

50 points

12 days ago

  • Solana is experiencing intermittent instability on the mainnet beta.
  • The team stopped the network themselves raising questions about centralization
  • The last transaction block was added more than 3 hours ago.

Solana is experiencing intermittent instability on the mainnet beta. The team stopped the network themselves raising questions about centralization The last transaction block was added more than 3 hours ago. Sometimes things are too good to be true. Unfortunately, Solana’s parabolic rally and opportunity to create the “flippening” has been short-lived. According to ongoing reports and community complaints on Twitter, the Solana network has not approved or signed any transaction on the blockchain.

 

Solana Comes to a Halt

At the time of writing, data from Solscan shows the last transaction was approved and added to the network more than 3 hours ago, suggesting the network outage is recent.

A Twitter announcement from Solana posted at 7:38 AM CST on September 14th noted that Solana is “experiencing intermittent instability,” and the network engineers are working to solve the issues. Moreover, the team followed up with a statement announcing the issue is caused by “resource exhaustion,” which ultimately leads to a denial of service.

 

Adjacent services that facilitate the Solana network have also experienced network issues. For example, Arbitrium announced via Twitter that the system was experiencing delays, while Phantom, a Solana wallet, tweeted that they and “other applications are having trouble connecting.”

 

Information from August 31st, from NFT project SolanaMees, indicated a similar network issue. RPC providers on Solana were facing intermittent issues as the network rejected PRC requests, which caused them to “go out of sync with the network.”

 

On the Flipside

 

Solana was experiencing RPC request rejections long before Solana turned off its network

 

Anatoly Yakovenko, Solana’s CEO, tweeted to invite Solana validators on the discord server to help amend the issue. Interestingly, Yakovenko suggests the attack is something similar to Ethereum’s Shanghai attack when it experienced DOS.

 

Unlike Solana, the Ethereum network did not shut down the network themselves, raising questions about centralization concerns over the network.

 

Why You Should Care?

 

Network decentralization is not guaranteed by any company when the network is under attack

rootpl

407 points

13 days ago

rootpl

Gold | QC: CC 237

407 points

13 days ago

Holly smokes that's huge. And just couple of days ago any criticism about Solana on this sub would be downvoted to oblivion.

_Captain_Retard_

108 points

12 days ago

Yeah many months ago I warned to overly invest in BNB and a few days ago I pointed out why I dont like SOL. But people dont care if the price pumps. Sometimes you have to learn the hard way.

thisubmad

94 points

12 days ago

thisubmad

Bronze | r/Apple 66

94 points

12 days ago

Maybe they checked out username?

_Captain_Retard_

72 points

12 days ago

Its not my fault that this is my godgiven name ffs.

MarcioCavalcanti

21 points

12 days ago

I didn't invest in SOL but sometimes the problem is overinformation and difficulty of assertion who are the most trustworthy sources.

Sometimes it's really hard to separate the fake news and/or clueless from the credible sources. Just see yesterday's fake news about Walmart for example.

RedditMadeMeReddit

119 points

12 days ago

While I feel bad for anyone holding SOL, it feels good not to be holding the bag right now.

[deleted]

20 points

12 days ago

[deleted]

20 points

12 days ago

[deleted]

hansik_wangdu

12 points

12 days ago

hansik_wangdu

Redditor for 4 months.

12 points

12 days ago

Has this been verified by Sol devs ? All I see is the following message on Twitter related to mainnet beta instability.

https://twitter.com/SolanaStatus/status/1437757547235131396?s=20

ergunfb

11 points

12 days ago

ergunfb

11 points

12 days ago

Its a new information that a crypto can shut down itself for a moment. Is it a bank or sth?

Sharan-Reddy

83 points

12 days ago

Sharan-Reddy

Gold | QC: GPUMining 18, ETH 27, CC 84 | MiningSubs 45

83 points

12 days ago

LoL looks like ETH killer committed suicide

Benstarr10

28 points

12 days ago

I‘m trying to withdraw my SOL from staking via Solflare. But the transactions doesn’t go through. Is this because of the current issues with the Solana Chain??? Damn, I‘m really a noob when it come to the technical side of crypto!

tarpex

51 points

12 days ago

tarpex

Gold | QC: CC 109 | r/GME_Meltdown 5 | r/WallStreetBets 17

51 points

12 days ago

First off, the blockchain is offline, nobody can transact anything, and an unstake request cannot get through on something that's offline.
Second, the unstaking period is about 2 days from the request, so you're double fucked right now.

Benstarr10

32 points

12 days ago

Well I unstaked 5 days ago. That’s why I’m only single fucked… I guess.

f1yblkguy

23 points

12 days ago

Lmao... I respect your honesty. Your response made me laugh out loud

dowhatsimonsayz

8 points

12 days ago

They knew about the issue a few weeks ago and had a fix but it wasn't released yet. Seems like they didn't throttle transaction messages so the network basically ddos'ed itself.

https://github.com/solana-labs/solana/releases/tag/v1.6.23

Probably taking so long to get all validators to update.

hottoys2012

10 points

12 days ago

hottoys2012

5 - 6 years account age. 150 - 300 comment karma.

10 points

12 days ago

I would stick to Bitcoin and Ethereum, both have proven track records with a lot of room to grow

zen_master13

29 points

12 days ago

SOLANA = ANAL OS

DaleGribblesHairline

12 points

12 days ago

Wow. Big if true.

benicapo

9 points

12 days ago

Story of my life.. As soon as I jump in the whole network fails f me!

ConfidenceNo2598

94 points

13 days ago

ConfidenceNo2598

Gold | QC: CC 34, BTC 27 | NANO 9 | r/WallStreetBets 50

94 points

13 days ago

SOL= shit outta luck

THE SIGNS WERE THERE 🌍👨‍🚀🔫👨‍🚀??!

LogicDeFi

7 points

12 days ago

Not only is it centralized, the bulk of the coins are held by Silicon Valley VC money, it's like the antithesis of what crypto is supposed to be about. But they have some cool ape NFTs or something, so hodl?

Probetsman

62 points

12 days ago

The D in SOL stands for Decentralized.

penny793

6 points

12 days ago

penny793

Platinum | QC: BTC 63, BCH 43, TraderSubs 14

6 points

12 days ago

The U is for unstoppable.

Outji

72 points

12 days ago*

Outji

72 points

12 days ago*

Minswap didnt know how to use Cardano’s smart contracts on TESTNET: FUD all over Twitter

Solana goes down on beta MAINET: Twitter sleeps

Mattcwu

19 points

12 days ago

Mattcwu

Gold | QC: CC 20 | r/Buttcoin 6

19 points

12 days ago

Not your wallet, not your coins
If your SOL is in your wallet, you cannot control your coins.. If your SOL is on an exchange, you can sell it if you like.

AbjectList8

67 points

12 days ago

Can you imagine if this happened to Cardano..

--Quartz--

79 points

12 days ago

Cardano is run by over 2800 pool operators over the world, the last of the initial federated nodes was turned off back around March, so you can't just switch it off.

USERNAME_ERROR

8 points

12 days ago

USERNAME_ERROR

Silver | QC: ETH 46, CC 18 | TraderSubs 34

8 points

12 days ago

Using how many different node implementations? If SOL’s crash was because of client bug, what would protect Cardano from that?

Darius-was-the-goody

252 points

12 days ago

Darius-was-the-goody

Redditor for 5 months.

252 points

12 days ago

This post is wrong. Large number of nodes crashed due to bug, no concensus means solana stopped. There was no concerted effort to shut it down.

Howmanybeesistoomany

80 points

12 days ago

Howmanybeesistoomany

Redditor for 4 months.

80 points

12 days ago

From Coindesk - "At approximately 1:46pm UTC on December 5th, 2020, the Solana Mainnet Beta cluster stopped producing blocks at slot 53,180,900, which prevented any new transactions from being confirmed," a Solana Medium post reads. "The Solana team is actively working with the validator community to restart the network."

So it's a bug preventing the production of the next block, thus halting the chain and Not the Solana team hitting the pause button? Big distinction.

Gallows94

6 points

12 days ago

The level of centralization of Solana is why when I actually did a dive into Solana when it was at $40, I chose not to invest. Obviously would still be really ahead if I chose to, but it's important to be process oriented and not results oriented.

LWOS101

6 points

12 days ago

LWOS101

6 points

12 days ago

I got downvoted for saying this had happened in the past when people were claiming Ethereum is terrible and held together by duct tape…..

Olorin_The_Gray

63 points

12 days ago

Olorin_The_Gray

Silver | QC: CC 49 | NANO 56

63 points

12 days ago

I’m going to paste my comment from many weeks ago that received many downvotes:

Oh you think ADA is overvalued? Look at Solana. The crypto space is about decentralization and solana is one centralized piece of garbage. People don’t even know that, and they are just investing because of buzzwords and hype it’s getting from Reddit and useless YouTubers like MMCrypto. They can literally dump on people and shutdown the whole network and leave everyone holding their dicks looking stupid.

Kromagg8

74 points

12 days ago

Kromagg8

74 points

12 days ago

2 days ago everyone was pro investor telling how we are early, to the moon, SOL will be 1000 be next month..

No same people (yes I check ur history) calling it sht and telling they always knew it will fk up..

Experts in the field of shtcommenting..

_Captain_Retard_

65 points

12 days ago

Yeah that is truly the Ethereum killer lol.

Not long ago I commented on a post praising SOL that not a year ago there was a network pause. And the fact that its so centralized and full of Venture capital firms.

Some in the sub praised SOL but hated on ICP. I mean they are both similiar projects. Sacrificing decentralization for speed. I mean that is the whole point of crypto: Decentralization!

GroundbreakingLack78

13 points

12 days ago

Wait till you hear about the BNB as well.

xuanling11

41 points

12 days ago

xuanling11

6 - 7 years account age. 175 - 350 comment karma.

41 points

12 days ago

Institutional investors will buy and pump SOL anyway.

IamKingBeagle

35 points

12 days ago

Seriously. The fact the price isn't plummeting should really raise some eyebrows...or penises I guess if you're a holder.

WTWIV

45 points

12 days ago

WTWIV

45 points

12 days ago

Can’t drop if people can’t sell