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Cooki
@cooki
Solana trading like CT has found a newer and shinier alt L1 to gamble with this is why the tech can't be a moat, as soon as you get big you lose the ability to move fast and break things to the degree necessary to compete with the upstarts chomping at your heels the network effects of culture, liquidity, token distribution, and dev tooling, etc. can be moats
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Cooki
@cooki
ironic, and predictable, that the exact moment when the cacophony of voices became max bullish on Solana was when it represented one of the worst risk/reward trades in the space the reason consensus trades never work well is 'cos there's no one left to change their mind and buy your bags; everyone already agrees with you, and so the risk is all to the downside that some of the folks who agree with you currently actually change their mind and pick something else
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Cooki
@cooki
Solana wanted to take Ethereum's place in the market, well, careful what you wish for https://twitter.com/delzennejc/status/1870587261965803589
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