Solana joke?

[void]

Solana network down: Validators act to restore service

Solana blockchain experienced its first major outage of 2024 on Feb. 6, halting block production. Validators are now preparing for a restart using version 1.17.20 to restore the network.

cointelegraph.com

yet another incident...

can anybody explain to me why SOL has still any value and why would people buy something undeniably centralized and fragile?
I simply don't understand

 

[banafinfodafuggiano]

Why people buy Dogecoin and Ethereum?

Same reason. Speculation.

 

[JackAlabama]

Solana network down: Validators act to restore service

Solana blockchain experienced its first major outage of 2024 on Feb. 6, halting block production. Validators are now preparing for a restart using version 1.17.20 to restore the network.

cointelegraph.com

yet another incident...

can anybody explain to me why SOL has still any value and why would people buy something undeniably centralized and fragile?
I simply don't understand

insider vc games coin aka scam.
One part is greed of the buyers and the other part is misrepresentation on the securities side.

 

[uplana]

When I first started hearing about this coin on the forum a few years ago and that it was better than USDT, etc., I thought ok let's try it, but something has kept me from using it since then, I've stuck to USDT and BTC and never touched it, which now turns out to have been the right choice.

 

[JackAlabama]

When I first started hearing about this coin on the forum a few years ago and that it was better than USDT, etc., I thought ok let's try it, but something has kept me from using it since then, I've stuck to USDT and BTC and never touched it, which now turns out to have been the right choice.

this makes sense.

 

[polonieth]

It's a joke of a chain, must have been down 10 or more times. I saw an interview with one of the founders saying it doesn't matter lol. Fair play if you made whatever X on it, but it's one to avoid.

It's interesting that the tech has no real impact on price, though. What if it was intentional that they take it down, then the centralised ownership sends the price skyrocketing when it's back up, knowing full well retail traders have short positions seen as though logically that's where it should go...

 

[JackAlabama]

It's a joke of a chain, must have been down 10 or more times. I saw an interview with one of the founders saying it doesn't matter lol. Fair play if you made whatever X on it, but it's one to avoid.

It's interesting that the tech has no real impact on price, though. What if it was intentional that they take it down, then the centralised ownership sends the price skyrocketing when it's back up, knowing full well retail traders have short positions seen as though logically that's where it should go...

very well possible.
Yeah having good or better tech than the competition not being a guarantee at all has been the withnessed in the past with vhs bluray or windows etc. .

 

[Marshal]

Why people buy Dogecoin and Ethereum?

Same reason. Speculation.

Really, you compare Ethereum to Doge?

 

[polonieth]

Really, you compare Ethereum to Doge?

must be a maxi.

 

[jesuschrist]

can anybody explain to me why SOL has still any value and why would people buy something undeniably centralized and fragile?

Because most of the supply belongs to the SOL founders, VCs and FTX, most likely there was some conspircay between them to prop up the value of FTX's assets.

 

[JackAlabama]

Really, you compare Ethereum to Doge?

doge is much better since its being pumped by elon which wins against the eth crowd.

 

[cryptofriendly]

Solana network down: Validators act to restore service

Solana blockchain experienced its first major outage of 2024 on Feb. 6, halting block production. Validators are now preparing for a restart using version 1.17.20 to restore the network.

cointelegraph.com

yet another incident...

can anybody explain to me why SOL has still any value and why would people buy something undeniably centralized and fragile?
I simply don't understand

I was invested in it previously, bought some at 80, then at 40, then at 20 (FTX crash time).
After that I looked more into it, and realized that their blockchain isn't stable, and had multiple halts.
I got rid off all, and then it started to rise again. Now it's back to 100, and their blockchain is still crap.
Manipulation. And it's somehow connected to FTX or some of their holding companies,

 

[clemens]

sounds like the same story as with crypto in the 2015/2016 it jump up and down from minute to minute. It was unpredictable and very volatile.