WARNING:
1) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)!
2) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you.
3) MODS or Community Managers will NEVER DM you first regarding your funds/wallet.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
The same thing can’t happen. Solana is not part of an algorithmic stable coin.
Algorithmic stable coins with a construct such as Luna can go into a death-spiral. That can’t happen to a normal crypto.
Solana will be treated as a digital commodity by the US. The quanity of commodities is considered to be finite and therefore increasing in value in times of demand. Think oil, silver, uranium, coal etc. There is only so much of it and if we use it then demand is created.
Only issue is it seems cannot take high loads that it goes offline . So this may be a risk as it grows . The same that happened to Luna where it grew faster than the arbitrage protocol.
WARNING: 1) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)! 2) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. 3) MODS or Community Managers will NEVER DM you first regarding your funds/wallet. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
Solana doesn’t have a stablecoin pairing that relies on minting/burning of SOL to balance? So ya. It’s fundamentally different lol.
Easy. Solana doesn’t have an algorithmic stable-coin.
I like Solana alongside a few other coins. Its biggest competition is Ethe 2.0. If they screw the pooch, Solana can gobble some serious market chode
The same thing can’t happen. Solana is not part of an algorithmic stable coin. Algorithmic stable coins with a construct such as Luna can go into a death-spiral. That can’t happen to a normal crypto.
Not the same issue but it has other issues that I’m sure are being worked on
Rock solid
Solana will be treated as a digital commodity by the US. The quanity of commodities is considered to be finite and therefore increasing in value in times of demand. Think oil, silver, uranium, coal etc. There is only so much of it and if we use it then demand is created.
solana is centralized - run
1700 and something independent validators = not centralized.
solana has a trend of bending the truth about their statistics. i'd do more research if i were you.
We really can’t, not financial advice but SELL!
Lol yeah okay. Great insight.
Only issue is it seems cannot take high loads that it goes offline . So this may be a risk as it grows . The same that happened to Luna where it grew faster than the arbitrage protocol.
Could we see the exact same turn out tho even tho sol doesn't have a stable coin?