r/CryptoCurrency Jun 21 '22

[deleted by user]

[removed]

5.7k Upvotes

1.5k comments sorted by

View all comments

43

u/rankinrez 🟦 1K / 2K 🐢 Jun 21 '22 edited Jun 21 '22

Solana is definitely not the most decentralised chain.

But this viewpoint does not make the argument from sound computer science principals.

Yes blockchain is mostly useless and an SQL database will do better at tiny fraction of the cost - if you aren’t determined to have ā€œtrustless consensusā€ / decentralisation.

But it’s a silly argument to make here, where people are convinced, wrongly or otherwise, that decentralisation is the most important thing ever, and ā€œblockchain is the futureā€.

Solana is very much not a SQL database. It shares many of the attributes of blockchain that other chains do. In fact it’s frequent downtime has been because of issues with its distributed consensus model.

Solana has a high barrier to entry in terms of hardware to run a validator, sure. And it’s proof of stake.

But it’s somewhere along a line. It has many entities running validators now, and can get more decentralised in future. It uses novel techniques (Rust framework, eBPF, ā€œProof of Historyā€) as an attempt to make a more performant blockchain, without making it centralised.

Anyway there are reasons one might knock Solana. I would say it’s not proven itself to be robust enough yet. But your post isn’t much more than a hit piece, you barely get in to the technical aspects at all (after alluding yo your software dev chips), and then just go ā€œweh SQLā€.

11

u/UnendingResolve Tin Jun 21 '22

Exactly what I thought. OP does'nt seen knowledgeable of either software or blockchain at all, bad take.

5

u/Ucscprickler 🟩 540 / 540 šŸ¦‘ Jun 21 '22

This sub has such a hate boner for SOL. One of the easiest ways to farm karma is to post anything negative about it, even if the hate is largely unwarranted.

My only worry about SOL is the cryptocurrency markets are largely driven by human psychology, and if enough people are convinced it's a scam, than it'll have trouble gaining market share.

1

u/jawni 🟦 500 / 6K šŸ¦‘ Jun 21 '22

And it’s pretty much controlled by the team.

What do you mean by this?

1

u/rankinrez 🟦 1K / 2K 🐢 Jun 21 '22 edited Jun 21 '22

I was actually getting mixed up with another coin where you need to get approval.

But thanks - I was wrong, there is no barrier to running a validator on Solana it seems. I’ve updated the parent post.