Making magic @zksync, venture partner @latticefund, co-founder chainstory.xyz & writer karthikoncrypto.xyz, FID 681

Fwiw from @vitalik.eth 

https://twitter.com/vitalikbuterin/status/1608591727316684804?s=46&t=TMSRb5fs-zTSV6Yifvh8hQ

co-founder at icebreaker.xyz/j4ck.fc • /icebreaker • /swagcaster • /bromero • /design

Thx! Curious on why you feel its unsecure? (Thought they had 2500+ validators).

Agree NFTs are mostly trashy, but to me, viewing Solana thru the prism of NFT projects is a very 2021 way of looking at it. The potential is far greater, altho who knows if they reach it.

Hear you re: SBF but i think that fades over time

fast, cheap, unsecure due to low validator count. generally trash pump-n-dump NFTs. i personally mentally associate SOL with SBF so – that's not great

could maybe comeback post FTX fallout? idk

building degen.poidh.xyz - fully onchain bounties with collectible NFTs - come chill /poidh

Thanks!  It's not gonna be a huge part of my portfolio, but Im def betting on it (will buy more as/when price goes down). Think it solves a different problem than a rollup.

To me, it's a bet on the founder and the community (both are 2nd best in crypto behind Vitalik/ETH)

Had a ton of fun on Solana in 2021 and hope for the sake of builders it recovers fully. Don't really care about the "low validator" fud because I consider it sufficiently decentralized for now. 

But not personally betting on it. Too much baggage and newer projects will have higher ceilings.

Curious how you discern the difference between the two? 

Just about every crypto ecosystem has lured opportunistcally either explictly or implicitly, no?

Seems like it lured lots of opportunistic dev talent rather than philosophically aligned dev talent. 

For that reason, it feels fragile to me.

bringing onchain communities together • events.xyz (@event)

Building getinboxzero.com and sharemint.xyz.

I also run a YouTube channel, "Learn from Open Source": youtube.com/elie2222 

Designer of homes, fashion, technology. Writer of human change, cultural expression,  tech adoption — /grey 

Multi-chain world. 

Only 1 fully decentralized one.

The open web is dead, long live the open web. ⌐◨-◨

https://gabrielayuso.com

At this point if it's not on Ethereum or Cosmos ecosystems, I'm not interested.

Special purpose chains and P2P networks are ok but ideally they're connected to Ethereum or Cosmos ecosystems as well in some way.

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

Do u believe this description is still accurate after the upgrades made with local fee structure and no outages over the past few months?

It's got one-nine of uptime and can be taken down at anytime. It's not censorship resistant when an ICO can take the chain down. There no fundamental difference between Solana and a replicated SQL database (And SQL databases have better uptime).

Like @0xen said; VC pump and dump.

 https://i.imgur.com/ahpVbkB.png

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

I have a low opinion of any network which pre-reserves tokens to special parties, even its developers.

Founder https://axflow.dev // creator of the https://blockchainsmokers.xyz // nf.td/nicho

- Yup on #1 (although good founders in SOL space).
- Disagree on #2, I don't think its realistic for good outcomes if founders don't have equity in what they build
- Replied separately on #3
- Genuinely curious if this is bc # of validators or some other part of Solana design?

1. Smartest people I know in crypto focus on ethereum (includes L2s)
2. Shares reserved for founders is bad ethics
3. Doesn’t differentiate enough from ETH technically to be worth a schism
4. Ways it does differ go towards centralization. Feels like the wrong direction (prefer privacy chains for example)

I'm genuinely curious: is the viewpoint Solana is effectively a distributed database a function of # of validators it has, or something else?

Your distributed database had an SLA issue 🤭
#🔨🕰️

Building open source via @frames, /open-frames to help Farcaster and decentralized social win. a16z CSX23. Side projects: farcasterchannels.com farcaster.id

I listened to a podcast with Anatoly recently and he had an interesting take on that. He thinks long-term, being non-EVM gives them more hope of survival b/c there's fungibility across EVM chains (Dont like AVAX, go somewhere else).

Ppl who build on Solana's stack have higher switching costs if they want to leave.

I think the real problem for Solana is not tech, but that Ethereum & EVM network effects are really strong, and in the bear market we're in network effects matter even more.

In the hindsight it was the top when they did those sleazy Bollywood ads to lure devs

🕹️: perl.xyz 💬: /perl - tap the 🔔 to be notified when the game starts 

I stopped following the “Alt L1 Eth Killers” narrative ~6 months ago. 

Feeling good about Ethereum + L2s (Arb Optimism Metis) and need to read more about Cosmos.

I definitely appreciate Solana

1. Performant global state without fragmentation 
2. SVM enables a different design space 
3. A lot of use cases such as CLOBs can only be done on Solana 
4. Met hundreds of Solana devs and who are passionate and non dogmatic

Great thread and comments. I don’t love Sol because of the heavy VC bags and validators. 
I wonder if it could ever pivot to an Eth L2 and get its security there? Best chance imo