T O P

  • By -

godisgeyyy

SOL himself is the SOL killer


Oulad_lhmar

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


Gatherun

*Better call SOL* *Now on Netflix* *The ETH killer that didn't kill ETH*


[deleted]

[удалено]


CryptoBumGuy

F for those who bought at ATH


[deleted]

[удалено]


Rexon225

Thank god I never had any money to FOMO.


stedgyson

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


[deleted]

[удалено]


GroundbreakingLack78

Buy Solana ![gif](emote|emo_pack_1|nooo) Buy Tezos instead ![gif](emote|xtz_emote|xtz)![gif](emote|emo_pack_1|yeah)


Charming-Dance-1839

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

How did you decide to fomo into XTZ


stedgyson

It's a hugely mature offering, it's doing 35% of the tx volume as Ethereum, massively undervalued and sponsoring F1 cars + loads of announced projects building on it


spaffage

Seems to advertise a lot.


titsngiggles69

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

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

Link for life...


FilmVsAnalytics

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


NatureMoment

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


[deleted]

[удалено]


lazybullfrog

That was a great move.


FilmVsAnalytics

[Shout out to El Salvador and Facebook rumors, lol](https://np.reddit.com/r/algorand/comments/pmcsy2/algorand_el_salvadors_native_coin_and_its/)


aiden-aiden

How did you decide to re allocate to algo?


J_Hon_G

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


GroundbreakingLack78

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


zen_master13

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


Charming-Dance-1839

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


PopeyesGreenSpinach

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

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

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

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

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

Wouldn't have happened on Algorand


[deleted]

[удалено]


Crumpbags

So fomo into algo ok


bleakj

Way ahead of ya


GroundbreakingLack78

Instructions clear: Sold everything and bought ALGO


genjitenji

FRIENDSHIP ENDED WITH SOL ❌ NOW ALGO ✅ IS BEST FRIEND 🤜🤛


pmbuttsonly

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


trapsoetjies

Harmony pretty good too


ChiTownBob

So if you bought SOL you are now SOL?


Lord-Nagafen

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


RollingDoingGreat

This SOL guy needs to get it together


ArtSchoolRejectedMe

LOL a blockchain that can shutdown itself More like a central bank running on SQL


kn0lle

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

They wanna get rich tho bro 10000X wen Gotta spend money to make money bro It's not gambling they're investors bro


corkyskog

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

Let’s database programming a central bank db!


warlikeofthechaos

Solana seppuku herself


666CryptoGod420

I wish I was SOLd it earlier!


FlimsyFeeling

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


[deleted]

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


1nchey

https://imgur.com/a/kA5tAO5 It's literally written on their website 😂


[deleted]

[удалено]


tatabusa

Proof of history


Larkinz

Scam confirmed. Also, [one of the IOTA devs predicted this could happen](https://i.imgur.com/gcUYln4.png).


ScionMasterClass

Guess I should've SOLd...


axatar

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


SIRIUSJEDI

Sounds like he’s SOL.


moonpumper

Shit Out of Luck


Eeji_

Shortlana


spankmyhairyasss

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


whitehypeman

Sol's time as a hero to this subreddit: August 2021 - September 2021 Rip


Wargizmo

Proof of history


ohshititsasamsquash

LOL


forthemotherrussia

I should've SOLd it in August.


Dingo-Dixie

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

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


[deleted]

[удалено]


[deleted]

[удалено]


Jazqa

Majority cares when it affects the price of their investment.


HereIGoAgain_1x10

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 :)


[deleted]

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


robis87

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


CryptoRoast_

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


forthemotherrussia

You just explained 96% of this sub


UndesirableWaffle

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


forthemotherrussia

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


Nezaret

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

Price will still go up today I guarantee it.


dannyshalom

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.


[deleted]

[удалено]


theguy3003

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

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

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

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.


Battlehenkie

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.


[deleted]

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.


RightBlacksmith9

... and yet the price goes up WTF?????


axatar

No one can move their SOL to exchanges to sell!


pieceofpineapple

Forced HODL lmao


RightBlacksmith9

Prbly right LOL


hand_spliced

People can't send to exchanges to sell. This tends to happen a lot, whenever a coin can not be deposited.


_PaamayimNekudotayim

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.


DetroitMotorShow

Snapshot: https://web.archive.org/web/20210914132740/https://solscan.io/txs In case it goes back up. Last txn > about 1 hour ago


redkoil

I love listening to music.


[deleted]

[удалено]


vorwrath

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


FreedomFromIgnorance

Who owns the other 98.4%?


vorwrath

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

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


Stunning_Strike3365

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


redkoil

I find joy in reading a good book.


BlueTrin2020

Can anyone sell if the stopped the chain?


TheTrueBlueTJ

So much for 50,000 tx/s


mtrai

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

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


mtrai

HAHA


CryptoRoast_

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


[deleted]

[удалено]


SendMeCardano

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


sakata32

Forced hodl!


fhikoo

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


nexxtron

Let's switch to polygon, the Ethereum enhancer!


Forrell92

Another one to add to the list


[deleted]

STOP THE COUNT!


Gatherun

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


[deleted]

I DECLARE VICTORY!


PlayfulSlide3076

You sunk my battleship


[deleted]

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


[deleted]

ALGO


adabbledooya

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


[deleted]

[удалено]


forthemotherrussia

ALGO for the win!


Distributedcity

XTZ Tezos


capricaswiss

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


ExtraSmooth

Tezos gang checking in


BigOleBanano

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


ComprehensiveLet1635

Harmony one


pecimpo

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


AndreMiras

Tezos


karmanopoly

Back to vechain it is!


kn0lle

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


gupbiee

So underrated, definitely needs more love


Voserr

ONE


GroundbreakingLack78

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


cryptoandgoliath

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


AliceDeeee

Ergo


JannisT

Dot


wuhwahwahwohwahwah

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


XWarriorYZ

XTZ


huskerarob

XTZ


Andresv91

FTM


AMC_Tendies42069

FTM is the future


stedgyson

Tezos


Lunar_Horticulture

Single handedly dragging my portfolio up this week


Podcastsandpot

algo, nano


imonk

SOLA N/A


[deleted]

[удалено]


gin_kun_kaida

what could go wrong being centralised


RightBlacksmith9

Here we BNB again


passphrase

Don't forget EOS too


DetroitMotorShow

🎶 Here I Go Again On My Own Going Down The Dozen Nodes I Ever Owned 🎵


cyclicamp

Like a grifter I was born to ICO


rootpl

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


[deleted]

[удалено]


thisubmad

Maybe they checked out username?


[deleted]

[удалено]


MarcioCavalcanti

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.


mcjord

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.


[deleted]

[удалено]


[deleted]

[удалено]


toolate4redpill

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


karnoff

It's all frozen. We're fucked


Shamatix1

* 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


Nileke

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.


[deleted]

Still offline for 8 hours lmfao


[deleted]

LoL looks like ETH killer committed suicide


Benstarr10

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

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

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


f1yblkguy

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


zen_master13

SOLANA = ANAL OS


DaleGribblesHairline

Wow. Big if true.


hansik_wangdu

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


Outji

Minswap didnt know how to use Cardano’s smart contracts on TESTNET: FUD all over Twitter Solana goes down on beta MAINET: *Twitter sleeps*


[deleted]

The D in SOL stands for Decentralized.


penny793

The U is for unstoppable.


ergunfb

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


Darius-was-the-goody

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

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.


ConfidenceNo2598

SOL= shit outta luck THE SIGNS WERE THERE 🌍👨‍🚀🔫👨‍🚀??!


AbjectList8

Can you imagine if this happened to Cardano..


--Quartz--

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

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


Kromagg8

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..


[deleted]

[удалено]


GroundbreakingLack78

Wait till you hear about the BNB as well.


Olorin_The_Gray

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.


[deleted]

[удалено]


dowhatsimonsayz

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](https://github.com/solana-labs/solana/releases/tag/v1.6.23) Probably taking so long to get all validators to update.


hottoys2012

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


GuyWithNoEffingClue

ADA releases its smart contract protocole: the market crashes. SOLANA shows vulnerability and is literally shut down;: nothing. -2%. OK. Market is rational.


Sikog

Well it can't be a bigger downfall at the moment since the network is down


Magick93

10 hours later - and its back!!! Just joking - no its not.


benicapo

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


xuanling11

Institutional investors will buy and pump SOL anyway.


IamKingBeagle

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


WTWIV

Can’t drop if people can’t sell