Long-term Solana isn’t going anywhere. It’s so laughably centralized that there are zero reasons to actually use its blockchain.

Solana ignored “Murphy’s Law.”

Meaning everything that could go terribly wrong — ignoring decentralization for speed and low transactions fees — has gone wrong.

Speed was never the problem in crypto.

EOS did 6k transactions per second back in 2018. XRP and XLM were churning out 1–2k back in 2016.

“Decentralization” and “security ” are the real advantages blockchain has over AWS and Google. It isn’t fucking speed. Ok, let’s talk about why Solana is going to slowly end up as a smash and grab.

Shut it down.

Shut it all down!

That was Solana’s top-down centralized solution when the network suffered outages in December 2020, September 2021, September 2021 (again), January 2022, and January 2022 (again). When too many users flood the Solana network it breaks down fast; and it’s gotten to the point where the network goes offline almost every 3 months.

(I bought a small stack of Solana in August at $50 off the recommendation of a friend and walked off into the sunset after it hit $200.)

The first Solana shut down I turned a blind eye, but when it became a recurring thing I wanted no part of it.

If the decision to “shut down” a blockchain by developers isn’t enough to worry you — then at least know that all you’re investing in is a bank with a fancier database. It’s barely a cryptocurrency.

No important projects have launched on SOL. The ecosystem is below many other smart platforms. The projects don’t bring the heat.

Solana ecosystem projects have not outperformed SOL. That rarely ever happens on any popular smart contract projects. But it happened on SOL…

Here’s why —

If that image looks like reading Chinese to you, don’t worry, I’ll break it down:

• Supply: Solana projects have a low circulating supply and huge total supply. SOL projects have bad tokenomics compared to other smart contract platforms.

• Insiders: Most of the token supply for SOL projects go to VCs; in the case of Serum — one of SOL’s top project — over 50% went to developers and insiders.

• Scam: Solana partnered exchange FTX allows “perpetual futures contracts” for many SOL projects. Perpetual futures (PERPs) are like options contracts, except you can hold them indefinitely instead of until a predetermined date. PERPs are prioritized for Solana ecosystem projects, and, in theory, would allow you to slowly short a project if you were a Whale or insider who received tokens before the sale.

The Solana “scam” was first discovered by crypto influencer Coinsider.

It’s on the freaking money.

I’ve seen this argument all over crypto Twitter.

It’s true.

It’s true if you eliminate the words “be better” so that we end up with SOL “Will be B̶e̶t̶t̶e̶r̶ ̶t̶h̶a̶n̶ ̶ Eth2.0.”

Solana will be a centralized Eth2.0 with projects that nobody cares about.

Solana is able to get crazy amounts of transactions per second right now but the thing is, once they get more users the TPS drops off a cliff.

Eventually, they will have to implement a fee structure and the high, low-cost TPS will be a thing of the past.

Solana is centralized Gah-bage.

Thankfully, for its sake, all of these crypto projects are open-source, meaning for the most part, if some team came up with a magic solution that solved decentralization, scalability, and security (Blockchain Trilemma) all other cryptocurrencies would implement it.

But this is where the first-mover advantage, project ecosystem, and decentralization will give certain cryptocurrencies an edge over others.

At this point, I’d take Ethereum, Avalanche, Polkadot, and even Binance Smart Chain (due to its robust ecosystem) over Solana.

Solana made a lot of people rich, but I don’t see the hype long-term.

Ever since I was a child it was my dream to become a financial advisor. Unfortunately, it never came true. Therefore I am not a financial advisor and you should do your own research and not just listen to random people on the internet. Nothing contained in this publication should be construed as investment advice.

Join 2000+ people on my newsletter for a free copy of my new eBook “Gold2.0.”

Bitcoin and Ethereum have never been hacked is because they’re decentralized. There are computers all around the world right now supporting them, meaning you have to beat nearly all of them to hack them. However, true decentralization often results in slower speeds, which both Bitcoin and Ethereum suffer from.

Long-term Solana isn’t going anywhere. It’s so laughably centralized that there are zero reasons to actually use its blockchain.

Solana ignored “Murphy’s Law.”

Meaning everything that could go terribly wrong — ignoring decentralization for speed and low transactions fees — has gone wrong.

Speed was never the problem in crypto.

EOS did 6k transactions per second back in 2018. XRP and XLM were churning out 1–2k back in 2016.

“Decentralization” and “security ” are the real advantages blockchain has over AWS and Google. It isn’t fucking speed. Ok, let’s talk about why Solana is going to slowly end up as a smash and grab.

Shut it down.

Shut it all down!

That was Solana’s top-down centralized solution when the network suffered outages in December 2020, September 2021, September 2021 (again), January 2022, and January 2022 (again). When too many users flood the Solana network it breaks down fast; and it’s gotten to the point where the network goes offline almost every 3 months.

(I bought a small stack of Solana in August at $50 off the recommendation of a friend and walked off into the sunset after it hit $200.)

The first Solana shut down I turned a blind eye, but when it became a recurring thing I wanted no part of it.

If the decision to “shut down” a blockchain by developers isn’t enough to worry you — then at least know that all you’re investing in is a bank with a fancier database. It’s barely a cryptocurrency.

No important projects have launched on SOL. The ecosystem is below many other smart platforms. The projects don’t bring the heat.

Solana ecosystem projects have not outperformed SOL. That rarely ever happens on any popular smart contract projects. But it happened on SOL…

Here’s why —

If that image looks like reading Chinese to you, don’t worry, I’ll break it down:

• Supply: Solana projects have a low circulating supply and huge total supply. SOL projects have bad tokenomics compared to other smart contract platforms.

• Insiders: Most of the token supply for SOL projects go to VCs; in the case of Serum — one of SOL’s top project — over 50% went to developers and insiders.

• Scam: Solana partnered exchange FTX allows “perpetual futures contracts” for many SOL projects. Perpetual futures (PERPs) are like options contracts, except you can hold them indefinitely instead of until a predetermined date. PERPs are prioritized for Solana ecosystem projects, and, in theory, would allow you to slowly short a project if you were a Whale or insider who received tokens before the sale.

The Solana “scam” was first discovered by crypto influencer Coinsider.

It’s on the freaking money.

I’ve seen this argument all over crypto Twitter.

It’s true.

It’s true if you eliminate the words “be better” so that we end up with SOL “Will be B̶e̶t̶t̶e̶r̶ ̶t̶h̶a̶n̶ ̶ Eth2.0.”

Solana will be a centralized Eth2.0 with projects that nobody cares about.

Solana is able to get crazy amounts of transactions per second right now but the thing is, once they get more users the TPS drops off a cliff.

Eventually, they will have to implement a fee structure and the high, low-cost TPS will be a thing of the past.

Solana is centralized Gah-bage.

Thankfully, for its sake, all of these crypto projects are open-source, meaning for the most part, if some team came up with a magic solution that solved decentralization, scalability, and security (Blockchain Trilemma) all other cryptocurrencies would implement it.

But this is where the first-mover advantage, project ecosystem, and decentralization will give certain cryptocurrencies an edge over others.

At this point, I’d take Ethereum, Avalanche, Polkadot, and even Binance Smart Chain (due to its robust ecosystem) over Solana.

Solana made a lot of people rich, but I don’t see the hype long-term.

Ever since I was a child it was my dream to become a financial advisor. Unfortunately, it never came true. Therefore I am not a financial advisor and you should do your own research and not just listen to random people on the internet. Nothing contained in this publication should be construed as investment advice.

Join 2000+ people on my newsletter for a free copy of my new eBook “Gold2.0.”

Bitcoin and Ethereum have never been hacked is because they’re decentralized. There are computers all around the world right now supporting them, meaning you have to beat nearly all of them to hack them. However, true decentralization often results in slower speeds, which both Bitcoin and Ethereum suffer from.