Solana hodler on Nostr 🤘
Discussion
Currently 3 networks are worth mentioning, BTC, if you want max privacy #Monero, if you want an easy for retail fast/cheap, hight TPS defi juggernaut, Solana. ETH TX cost is still too prohibitively expensive for a lot of things they're building on Solana.
SOL looks more like a private CBDC than a blockchain to me.
Most of DeFi is centralised, starting with stablecoins all the way to Oracles, so it make sense that Solana is getting so much attention not trying to be decentralised
Great to see different profile and conviction here though, welcome!
Oh yea Solana's not for decentralization enthusiasts for sure. What's though? ETH's better at it I believe, high fees. BTC lightning is hard to implement, requires centralized big routing nodes to operate optimally etc. Pick your poison. We don't have a perfect chain on all fronts. Scaling, decentralization, reasonable fees. Pick two I guess.
BTC offers different tradeoff
Layer1 is expensive but perfectly unstoppable
Lightning is great too, but you need to manage your channel and liquidity
Then you have cashu or custodial lightning in all sort of flavour
ZK are coming too
Solana is really just an AWS for DeFi enthusiast at this point