30 upvotes, 3 direct replies (showing 3)
View submission: Solana Price Crashes 28% After Death Cross; Recovery Depends on Bitcoin
I hold SOL, but I very much think it deserved this.
Last year it became solely a network of shitcoins and that is never sustainable.
Comment by nameless_pattern at 10/03/2025 at 15:21 UTC*
8 upvotes, 1 direct replies
I don't hold any sol.
Freedom means people run scams. Sol isn't any more to blame for that than ethereum was or BTC or any of the other coins that had their scammy meme coin phases.
The blame is on the scammers, always.
The coin itself is just another smart contract platform. It's not any more designed to scam than any other smart contract coin is.
Comment by Awkward_Potential_ at 10/03/2025 at 15:43 UTC
1 upvotes, 0 direct replies
The fact that it can handle the amount of shitcoin activity actually proves a ton to institutions.
Comment by East-Day-7888 at 10/03/2025 at 14:48 UTC
1 upvotes, 2 direct replies
Nearly all sol use cases are defi,
defi circulates money, but never brings new capital in.
Best case it can just slow its death spiral, as capital is consumed in fees. Then trickle to validators, who will accumulate and suck wealth out of the ecosystem.
Sol is a model example of the issues of a zero production, service industry market.
This is why I invest in hbar nearly all of its usecases will generate revenue, not just cycle it.