RE: Solana Alameda & FTX: Decentralization's Crossroads
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So, the thing about Solana, is that it was built to be exit liquidity for FTX, in the event of FTT going bottoms-up, in my opinion. The insiders were all Alameda/FTX. They controlled the blockchain validators, and they shutdown the chain multiple times to do "maintenance."
Not saying blockchains are perfect, but no one holding any SOL tokens could sell to get their money out if they wanted to. Solana comes across as permissioned and untrustworthy.
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indeed it is absolute trash yet people pour their money into it!
People will do anything for money, that's the issue. They aren't focused on building a viable business with a sustainable model. Hive is the closest thing to that I've found so far
!Gif the truth
Via Tenor