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He was willing to put some percentage of the 650SOL into the risky project, we don't know how much he intended to invest/gamble, but it seems doubtful to me tha

by snayan 5y ago

He was willing to put some percentage of the 650SOL into the risky project, we don't know how much he intended to invest/gamble, but it seems doubtful to me that he intended to spend his whole wallet on it.

TylerE 5y ago
You can't feed your family with a shitcoin.
- kingcharles 5y ago
  "What's for dinner, Daddy?" "A whole plate of SHITCOINS, son! Eat up!"
- anonymoushn 5y ago
  I can't feed my family dollar bills either =/
jchw 5y ago
It is worth also noting that it may not be wise to store your entire life savings in an experimental, possibly illegal alternate currency backed by a permissionless blockchain. Banks may be incompetent at times, but at least you have options. Lessons learned the hard way, but it’s not as if nobody was warning folks.
- jzawodn 5y ago
  When you say it like that, it almost sounds like common sense!
efficax 5y ago
Putting important funds in SOL, which isn't even a crypto anyone has ever heard of, is already a mistake
- _gf4m 5y ago
  Solana is the 5th largest blockchain by market cap in the world, has a ton of investors and ongoing development by a lot of talented developers. Just because you haven't heard of it doesn't mean it's not a legitimate project.
  - secondcoming 5y ago
    Judging by the amount of fraud in crypto, these developers may not be so talented
    - shiohime 5y ago
      That's like saying every java developer since the beginning of time is not talented because they decided to pull in log4j.
      - Ekaros 5y ago
        I actually think that that level of enterprise over engineering really already needs some level of talent.
        shiohime 5y ago
        I honestly agree too having worked in enterprise, but see it more as an inevitability as an enterprise product continues to be supported for years and years, as the original talent is churned, and multiple generations of engineers come and go. It's why I don't want to go back into enterprise ever again lol supporting legacy huge overengineered products is rough.
    - vmception 5y ago
      How early are we: HN user comments on a simple phishing website that happens to use a blockchain, as an indictment of all the unrelated wallet developers, all the unrelated protocol developers, and all the unrelated consensus developers just because they never heard of the 5th largest cryptocurrency on the market before. Surely they would conflate the entire internet infrastructure for any non-blockchain based phishing attack? Stay tuned!

by snayan 5y ago

TylerE 5y ago

You can't feed your family with a shitcoin.

kingcharles 5y ago
"What's for dinner, Daddy?" "A whole plate of SHITCOINS, son! Eat up!"
anonymoushn 5y ago
I can't feed my family dollar bills either =/

jchw 5y ago

It is worth also noting that it may not be wise to store your entire life savings in an experimental, possibly illegal alternate currency backed by a permissionless blockchain. Banks may be incompetent at times, but at least you have options. Lessons learned the hard way, but it’s not as if nobody was warning folks.

jzawodn 5y ago
When you say it like that, it almost sounds like common sense!

efficax 5y ago

Putting important funds in SOL, which isn't even a crypto anyone has ever heard of, is already a mistake

_gf4m 5y ago
Solana is the 5th largest blockchain by market cap in the world, has a ton of investors and ongoing development by a lot of talented developers. Just because you haven't heard of it doesn't mean it's not a legitimate project.
- secondcoming 5y ago
  Judging by the amount of fraud in crypto, these developers may not be so talented
  - shiohime 5y ago
    That's like saying every java developer since the beginning of time is not talented because they decided to pull in log4j.
    - Ekaros 5y ago
      I actually think that that level of enterprise over engineering really already needs some level of talent.
      - shiohime 5y ago
        I honestly agree too having worked in enterprise, but see it more as an inevitability as an enterprise product continues to be supported for years and years, as the original talent is churned, and multiple generations of engineers come and go. It's why I don't want to go back into enterprise ever again lol supporting legacy huge overengineered products is rough.
  - vmception 5y ago
    How early are we: HN user comments on a simple phishing website that happens to use a blockchain, as an indictment of all the unrelated wallet developers, all the unrelated protocol developers, and all the unrelated consensus developers just because they never heard of the 5th largest cryptocurrency on the market before. Surely they would conflate the entire internet infrastructure for any non-blockchain based phishing attack? Stay tuned!