Agree Griffith - SOL has lots of problems.

I bought purely because I believe it will be a popular alt over the next few years, not because of any really underlying long term technology value.

My vast vast majority of holding is BTC.

You have the same behaviour as everybody else 😀 We all moved out the risk curve. You now recommend and buy alts (regardless it’s 2 it’s still a move away from your BTC only stance). All the BTC maxis from 2020-21 have also bought alts.

Those of us in alts in 2020-21 have moved into shitcoins, memes. It’s a dirty, dirty place out here man lol. A Total scam.

I expect around 500k shitcoins will be available in 2025 and is why I believe this is how the shitcoin space dies. It dilutes faster than funds coming in. Already seen it happening, so many rugpulls and failed launches.

If I am right about the US repegging the USD in 2026, perhaps this is the narrative to trigger a huge bullrun in 2025? I am open to ideas.

On a side note Grayscale has changed the ETF fees, therefore the punishment of Barry has now stopped. It cost him 50% of his holdings to keep out of jail 😬  I never know the story but 76k and I assume some dickhead ruins it for us and yes indeed, Barry fucked all of us 😂

https://www.thestreet.com/crypto/innovation/coinbases-base-network-is-shaping-the-future-of-decentralized-finance

Ethereum and Solana Networks: Pros and Cons

The Ethereum network is widely regarded as the most robust in crypto, backed by a strong community of developers. It is known for its reliability and security, with high performance where transactions seldom fail. However, its significant drawback is the high transaction fees during periods of peak demand. For instance, fees escalated to several hundred USD per transaction during the market peak in 2021.

In contrast, the Solana network is more accessible for retail users due to its minimal network fees (mere pennies per transaction). However, it sometimes experiences slower or failed transactions when under high demand.

^^^^^^^
Regarding the Ethereum high fees, that's actually a plus if you want token deflation. Ethereum's deflation has taken a hit since the recent Dencun upgrade will lower fees. Extremely low fees also bring spam and congestion. I wish email was not so cheap - it would lead to less spam if spammers had to pay for each email they send.

Fine work, herne.

Solana will replace Ethereum which will gradually decline.
The Solana mainnet is in beta mode and has shown its enormous resilience by addressing unknown problems in record time compared to the gigantic volumes to be processed. In addition, FireDancer will bring the final touches to its security and the network will switch to production definitively.
Ethereum died the day it abandoned proof of work. now it is an extremely expensive limited blockchain which will die slowly cluttered by multiple layer 2s which are only patches on an aging network.

I love the Ethereum FUD. Please bring more. Be cautious when everyone shills a certain token. The less Ethereum is in the news the more it means you are still early. Remember Kennedy's shoeshine boy.

On a serious note, I have no doubt Solana will eventually fix their transaction issues. It remains to be seen though if the one chain for everything approach will work out. Currently it seems it doesn't because of all the failed transactions.

https://solanabeach.io/transactions

Solana will also have to address the inflation of the token. It's pretty high. Transactions are low because the chain subsidizes the stakers and giving them yield from the inflated supply. Ethereum's tokenomics is better right now than almost any blockchain. Binance BNB also has a good tokenomics, and Bitcoin obviously.

Ethereum's L2 is working out very well currently. See how Coinbase's Base has performed. It's an Ethereum L2. There are actually more L2s in the pipeline lol! And Bitcoin developers are also working on Bitcoin L2s. See where it is going? Solana might eventually have to do the same. So that L2 argument of yours will not hold up down the road I think.

https://www.thestreet.com/crypto/innovation/coinbases-base-network-is-shaping-the-future-of-decentralized-finance

The New Frontier: Coinbase’s Base Network is Shaping the Future of Decentralized Finance

Coinbase's new Base network, built on top of the Ethereum blockchain, addresses the shortcomings of the popular Layer 1 ecosystems, Ethereum and Solana.

The move to Proof of Stake was a great move. It means Ethereum uses less energy and it actually makes it more expensive to attack the network compared to Bitcoin. Bitcoin mining will centralize more as less BTC is released to miners. So what happens if a rogue actor launches a few rockets at a couple of mining facilities? Sure, someone could do it to a staking facility also. But if it is more decentralized and compact it might be harder to do.

We'll see how it turns out in the long run.

.