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https://warpcast.com/~/channel/replyguys
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@amc
I’ve bitten my tongue a bit as I’ve been exploring ETH L2’s and trying to get an opportunity with @coinbase After spending a considerable amount of time over the past year on Base and to a lesser extent other Ethereum L2’s and L3’s I can say unequivocally that it is an awful user experience. Fragmented liquidity, expensive bridging with long wait times, and very few interesting tokens Base’s current identity is a centralized, corporate chain that produces copycat tokens en masse and incinerates money of investors + traders. There’s plenty of crypto native people (like me) who are yearning for an opportunity to help bring the world onchain. Unless big changes are made Ethereum will continue to lose market/mind share vs Solana and any other upstarts that strategically innovate TLDR: ETH experience is awful and unless it is course corrected asap Solana will continue to eat its lunch SOL/ETH ⬆️
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Roadu 🎩🦊
@roadu
https://warpcast.com/cassie/0xf34c1954
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@cassie
Don't mistake my remark to be positioning Solana as the Facebook in this scenario. Solana is basically Club Penguin
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@amc
Feels like this is the de facto Coinbase and Farcaster insider opinion. Not sure how many apps need to leave Ethereum for Solana until reality sets in
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@cassie
No, the de facto Coinbase opinion is eth dominance, with base playing a large role. I quit Coinbase due to that mindset to go build a new L1.
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@amc
Yet you’ve seemed to carry over the irrational opinion on Solana, as you put it as “club penguin”
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@cassie
It's not irrational at all for people who have a traditional cypherpunk view of crypto. VC backed coins, non-fair launches, ICOs – all the same picture.
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As someone who is a bitcoiner obviously that is not being replicated elsewhere (although most crypto natives were screaming about ultra sound money a couple years back) Solana doesn’t compete with Bitcoin. It competes primarily with Ethereum and secondarily with all of the slop in the pic you posted
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@cassie
It is being replicated. That's exactly what I did with Quilibrium. And while we don't take a competitive stance with other protocols, I'll certainly call out that we should demand a return to fair launches.
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@amc
I don’t know much about Quilibrium and wish you good luck but to liken it to Bitcoin seems like a stretch I’m all for fair launches but you play the hand you’re dealt
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@tyga
How is Quilibrium's "no allocations, open participation" launch not like Bitcoin?
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@amc
Is it PoW with a fixed supply and monetary policy? You’re comparing a launch of a new token to the original cryptocurrency. It’s a totally different world and the elegance of PoW mining hasn’t been duplicated
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@tyga
I was under the impression the whole replication topic was strictly about fair launches, not broadly covering implying the Q was replicating what BTC is/does. Which it doesn't replicate BTC very well, as Quilibrium is fundamentally aiming to provide a different experience than BTC. While it is PoW (Proof of Meaningful Work) network, Quilibrium is not actually a network that is just for it's native token, $QUIL, but rather a network in which the network token is just the beginning. Quilibrium is designed to be used by full-scale modern applications (using Go-compatible code), ZK data storage and transmission, and private money, not as a network for a single cryptocurrency. And due to that it doesn't have a fixed supply of tokens, although it's monetary policy does bound the token emissions such that it reduces with increased network state, but at a certain point (~8ish years from now) will scale back up to encourage more people to add more compute without it being a waste or just for security.
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@amc
The topic of “fair launches” without meaningful context doesn’t make much sense. Nor does comparing an entirely new blockchain to one that literally invented the asset class with a market cap ~$1.8T (not to mention to your own admission the blockchains are not trying to achieve the same goals) Imo most of the time when tokens make lofty statements like that it’s to try to borrow credibility from an established asset
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