"Programmable money (ETH, etc) is hard to scale"
Heard of this small token called SOL?
Discussion
The blockchain growing 5 Petabytes/year and cost of running a validator of at least few thousand bucks a year..
I wouldn't exactly call it "small"
That was completely sarcasm over the OP not mentioning Solana, the leading fastest TPS chain.
We need a sarcasam sticker on nostr notes 😁
Well I didn't think calling the leading DEX volume chain small would require that, but I admit people don't track these metrics usually probably, haha.
Those metrics mean nothing to me, when I don't know how much of it is real use cases and how much are scams, speculations or money laundering
Well if people are overwhelmingly choosing one chain over other for scams, speculations or money laundering, those are real use cases on my book, lol. Just because a use case is bad or illegal, doesn't negate the fact that it's a use case someone preferred Solana over some other chain. Also it's a myth that crypto is a common money laundering/scam apparatus:
It's only fair to say that, but I personally prefer real-world use cases such as helping impoverished communities, empowering women, banking the unbanked etc. And I'm sure Solana works with these use cases as well, but Bitcoin is already quite far in the game.
It's like tcp/ip and ipv4.. it's still absolute internet mainstream even though the oci model and ipv6 are far more superior 💁
Oh yea adoption wise Bitcoin is leading for sure. It'll be interesting t see the changes in market share between Lightning and something like Solana.
Solana hodler on Nostr 🤘
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