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They're supporting Solana which is basically a centralized coin with a superminority of 22 validators [0] and keeps going offline regularly [1]. They fail to s

They're supporting Solana which is basically a centralized coin with a superminority of 22 validators [0] and keeps going offline regularly [1]. They fail to support legitimate businesses and instead choose to support crypto, which is a world of grift and scams. Has Stripe sold their ethics? [0] https://solanabeach.io/validators https://solanabeach.io/validators [1] https://decrypt.co/216132/solana-outage-developers-say-could-happen-again https://decrypt.co/216132/solana-outage-developers-say-could...

hanniabu 3y ago
It is a damn shame to see Solana getting integrations and put on the same playing field as Ethereum, since as you say it's quite centralized and was a product of Sam Bankman-Fried's fraud pumping it into "relevancy". But unfortunately those behind the projects and the project's treasury itself has become quite rich from the increase in price and can support bizdev and grants (bribes).
- deleted 3y ago
  [deleted]
- nailer 3y ago
  > But unfortunately those behind the projects and the project's treasury itself has become quite rich from the increase in price and can support bizdev and grants (bribes). I don’t think Stripe chose to demo Solana because of a grant.
spxneo 3y ago
If the fish rots from the head then this "ny state of mind" doesn't begin with Stripe if you understand who I'm talking about. Its incredible that the harm that SBF has done with Solana and other ponzi coins would get direct support from Stripe
J_Shelby_J 3y ago
IMO, the old generation of crypto people will go to their grave mad that anything other than ethereum sees success. There are valid complaints about Solana, but the ones that get trotted out in online discourse are repeated until they become reality for the horse beater. Unfortunately for them, their reality is disconnected from actual reality.
- pedalpete 3y ago
  I consider myself old generation, but definitely don't have this perspective. I wonder if Ethereum is the AOL of crypto.
- arisAlexis 3y ago
  But it does go down very often and requires "engineers" to bring it up. That's not a decentralized Blockchain at all. Why pretend it to be?
  - k_vi 3y ago
    All software has bugs. This is same as claiming ETH will always get hacked because of the DAO hack. As far as I can tell there is no fundamental design flaws in Solana that makes it so that it will always go down. There are bugs in the networking stack that are being fixed. An no, "engineers" don't bring it up. I run a validator and only i'm incentivized to restart it back up because of my stake.
    - arisAlexis 2y ago
      Eth or Bitcoin have never been down. If this software is especially bad then ..
null0pointer 3y ago
Don't worry, they fail to support legitimate crypto too. Legitimate cryptos being XMR, BTC, BCH, and ETH, predominantly.
k_vi 3y ago
This is no different from ETH, Lido staking has ~30% market share[0]. Stake centralizing != less security. no amount of stake can allow validators to steal your funds, this affects only censorship resistance. So actual validator count is more important than superminority. In case of USDC I'm assuming Circle should be running their own validator, which is the source of truth. As someone who has used most networks, Solana has the best experience for transacting USDC. [0] https://dune.com/hildobby/eth2-staking https://dune.com/hildobby/eth2-staking

hanniabu 3y ago

It is a damn shame to see Solana getting integrations and put on the same playing field as Ethereum, since as you say it's quite centralized and was a product of Sam Bankman-Fried's fraud pumping it into "relevancy". But unfortunately those behind the projects and the project's treasury itself has become quite rich from the increase in price and can support bizdev and grants (bribes).

deleted 3y ago
[deleted]
nailer 3y ago
> But unfortunately those behind the projects and the project's treasury itself has become quite rich from the increase in price and can support bizdev and grants (bribes). I don’t think Stripe chose to demo Solana because of a grant.

spxneo 3y ago

If the fish rots from the head then this "ny state of mind" doesn't begin with Stripe if you understand who I'm talking about. Its incredible that the harm that SBF has done with Solana and other ponzi coins would get direct support from Stripe

J_Shelby_J 3y ago

IMO, the old generation of crypto people will go to their grave mad that anything other than ethereum sees success. There are valid complaints about Solana, but the ones that get trotted out in online discourse are repeated until they become reality for the horse beater. Unfortunately for them, their reality is disconnected from actual reality.

pedalpete 3y ago
I consider myself old generation, but definitely don't have this perspective. I wonder if Ethereum is the AOL of crypto.
arisAlexis 3y ago
But it does go down very often and requires "engineers" to bring it up. That's not a decentralized Blockchain at all. Why pretend it to be?
- k_vi 3y ago
  All software has bugs. This is same as claiming ETH will always get hacked because of the DAO hack. As far as I can tell there is no fundamental design flaws in Solana that makes it so that it will always go down. There are bugs in the networking stack that are being fixed. An no, "engineers" don't bring it up. I run a validator and only i'm incentivized to restart it back up because of my stake.
  - arisAlexis 2y ago
    Eth or Bitcoin have never been down. If this software is especially bad then ..

null0pointer 3y ago

Don't worry, they fail to support legitimate crypto too. Legitimate cryptos being XMR, BTC, BCH, and ETH, predominantly.

k_vi 3y ago

This is no different from ETH, Lido staking has ~30% market share[0]. Stake centralizing != less security. no amount of stake can allow validators to steal your funds, this affects only censorship resistance. So actual validator count is more important than superminority. In case of USDC I'm assuming Circle should be running their own validator, which is the source of truth. As someone who has used most networks, Solana has the best experience for transacting USDC. [0] https://dune.com/hildobby/eth2-staking https://dune.com/hildobby/eth2-staking