Did this top 20 project just get exposed for lying? The answer to that question is yes. It’s no surprise… We’re talking about Solana, everybody’s favorite rug pull. Solana has been lying. I’ve been trying to tell you guys, this project is dead and people do not want to accept it.
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Sources:
https://www.coindesk.com/tech/2023/02/25/solana-networks-transaction-processing-craters-after-forking-event/
https://status.solana.com/history
https://coingape.com/breaking-solana-releases-report-on-mainnet-beta-outage-is-sol-price-dump-next/
https://status.solana.com/uptime?page=1
https://cointelegraph.com/news/solana-outage-triggers-ballistic-reaction-from-the-crypto-community
https://coinmarketcap.com/currencies/solana/
https://twitter.com/hoskytoken/status/1629875854225420293
https://twitter.com/LucidCiC/status/1629531964062732288
https://twitter.com/TomCrownCrypto/status/1630192414399889410
https://twitter.com/DBCrypt0/status/1629912405898567681
#bitcoin #ethereum #crypto #news #nft #economy #money #blockchain #invest #inflation #cardano #cryptocurrency #xrp #litecoin #dogecoin #shibainucoin
This top 20 project just get exposed for Lying the answer to that question is yes Find out who it is and what you need to Know let's get it Welcome to Big Boy crypto my name is Ben And today it's no surprise we're talking About Solana everybody's favorite rug Pull Solana has been lying I've been Trying to tell you guys this project is Dead and people do not want to accept it Why because they're cry babies number One and number two they got a lot of Money in you know potentially resources Investing in it and they don't want to Let it go guys shocker all the Information coming from Solana is Nothing but lies and also in the most Shocking turn of events ever they paused Our blockchain this weekend big surprise So first of all we're on the salon Website status.salona.com see this February 2023 the incident has been Resolved it is a cluster instability Ironically a good description of Solana In general A cluster of instability this was from February 6 PM 8 hours and nine minutes The blockchain was down now you know This is nothing new for Solana of course Solana Network stumbles Unchained Trading slows after forking incident These some validators are Downgrading their software in an attempt To restore activity what a freaking joke
This project is the blockchain started Forking or creating conflicting versions Of its transaction history at around 12 53 a.m Eastern Standard Time according To launched Discord server shortly after That validators Ram began increasing While the change transaction throughput Fell off a cliff those Tech troubles Combine to effectively freeze nearly On-chain activity for the salon and Network now let's check out the outage Report here Solana releases report on Mainnet beta outage is a Solana price Dump next generally what we've seen so One went down for over 20 hours actually 20 hours oh because Now I know why if we go back here uh Sorry this is military time so this is 6 A.M to 2 A.M this was 20 hours and nine Minutes so I stand corrected on that Um here in America we have two sixes Other countries just have one validator Community collectively agreed with Engineers to downgrade the previous Naval release version 13.6 at the same Time to reduce restart risk that's right For over 20 hours they didn't have a Single successful transaction this Sounds very sustainable doesn't it now Check this out this is very interesting Guys this is their transactions per Second The pink part depicts actual Transactions
Let's see if we can zoom in on these a Little bit further here so that means Out of about 4 800 transactions about 300 of them are real So what are these other lines ten Percent are Unchained while the major Part is validator messages votes and Etc Which will make up 90 to 95 percent it Causes the Solana blockchain to server Outages adds more activity impacts the System performance Unbelievable when you look at this Project salon and what they've done here What a bunch of scammers and here we go See February 2023 you can see here but The Red Blocks are when they had major Outages You just keep going back you just see Major outage after major outage after Major outage I mean look at January of Last year Unbelievable and what you see here is This is when it was first launched what You see here is that this is a Blockchain that's not sustainable in its Current form it's just not plain and Simple also with the backing of Sam Bateman freed who owned I think at one Point twenty percent of the tokens Probably on something similar to that Now so the Solana outage triggers Ballistic reaction from the crypto Community a Community member argued the Outages put decentralized Finance
Protocols running on Solana at risk of Insolvency absolutely this is why people Will not build on Solana this is why It's dead You're putting your projects that were Built on you at risk when you do this It's unbelievable that people would Still attempt to use this blockchain After all of this is very very sad so on A mobile developer Andrew Watson said They chose security over liveness and Noted they are in it for the long haul And replying to Watson another Community Member raised other concerns such as Putting decentralized Finance protocols At risk of insolvency here's the thing Guys why would you want to build on a Dead chain why would you want to build On something that goes down and pauses Ethereum blockchain doesn't pause we've Never seen it had a forking incident Back in I believe 2014 with the Dow but The point here is this is not an Ethereum killer and then we see the Salon and price today is down three Percent this is when the outage was Going on see there has been a major Price dump since then keep in mind Bitcoin dumped a little bit during that Period too so hotkey token here my guy Says making in front of Solana is no Longer fun it's more appropriate to be Sad for those still stupid enough to Trust that centralized database with
Their money yeah Can confirm we are sad for you and then We've got another tweet here from Lucid On Twitter Solana the McDonald's ice Cream machine program for the 15th time While the rest competition is failing Cardano is scaling you guys know we love Cardano here's my guy Tom Crown so on it Down again we're still pretending this Decentralized crypto Or Nah oh that's a Great one from Tom uh DB crypto X here Says yesterday Solana had another 20 Hour outage just one of about a dozen Times the chain has gone down but why All part of a massive design Vlog that I'll try to break down in this thread so Let's get into it Stuff right there what I'll tell you is We are learning the difference between What a centralized protocol looks like In a decentralized protocol Solana is Centralized as it gets it's very sad I I'm very upset about Swan investors who Are still in it we told everybody back Uh sometime in September to get out of Solana to get out of FTX the price Bounced a little bit people are over the Roof guys the blockchain has real Problems it has real issues It is not good enough to choose speed Over operability not interoperability Just the ability for the blockchain to Operate it's really sad if you ask me in My opinion we will not be putting
Another dollar in Solana Um ever again for multiple reasons is it Something you can make some money on in The bull run shoot it's going to go up a Little bit in the bull run but why would You choose something that will never hit A new all-time high again if you guys Know I said if Solana has a new all-time High not a scam Wick but a real all-time High this next Bull Run I will get a Salon a tattoo that's how confident I am And you know what if they do it if they Can come back from the grave and they Can fix these issues which I don't I Think they've proven they can't then I Will gladly get a salon and tattoo and Say that I'm wrong make sure to tattoo a Subscription onto bitboy crypto by Hitting that subscribe button don't Forget to like this video Dislike it if you like Solana I'll never Know that's all I got to be blessed
