Not sure about Solana

摘要： I like Solana and it seems to be kicking goals. But is it really viable?

▲圖片來源：medium.com

I like Solana and it seems to be kicking goals. But is it really viable? Looking deeper into Solana I’ve found some things that aren’t giving me confidence. They have no clear roadmap yet. They show little transparency. A lot of users have not seen Solana as profitable at the moment due to its lack of working products. Affiliates and investors don’t see much value in the project until it can show them that there is something that they can earn from it.

The business model of Solana has been challenged by some users due to its lack of profitability at the moment and many claim that it will take a substantial amount of time before it can achieve this goal. They do not see any value in having a prediction or roadmap for the future until the team is able to provide something tangible.

It’s focus on scalability means that it is not going to process transactions as fast as other cryptocurrencies like Litecoin and Bitcoin, who are already providing efficient solutions in this regard. The project hasn’t gained much traction by users because of its low user base, which makes it very hard for the token price to have real reason to increase. The fact that the Solana team is not transparent about certain aspects of their operations is disconcerting for potential investors and users, as they can not verify the credibility of the company.

Many implementations still await their launch on the Mainnet Beta version. Also, satisfactory hardware setup for Solana is relatively costlier. It looks to me like the community will only ever own 33.9% of the total maximum supply. That’s really bad. The other issue is that almost all of that 33.9% goes into circulation in early 2021, heavily diluting the current circulating supply and leaving early investors holding the bag. Then there’s a time lock on 35% of the total supply that went in pre-sale. 35% is a lot, especially when the entire post-ICO community only ever gets 33.9%.

Solana has a good blockchain. It has enterprises using it. Although, I can’t find one that I’d put money into. Throwing enterprises onto it’s chain that don’t add value is what Ethereum did and it’s paying the price now with a clogged up system with sht enterprises who are just a waste of space. A blockchain company needs to consider each enterprise that wants to use it’s chain. If they don’t stack up to any actual standards set it’s just more of the same re: ETH. Allowing anyone to use you is no different to having a huge circle of “friends” where not a single one brings value to you. Better to have one real friend than a hundred that aren’t. I think Solana has a great setup but it’s adding no value to coin holders and won’t as long as they continue down this same line.

Ethereum is thought to be the be-all of blockchains. It’s not. Is Ethereum actually making any money? It’s impossible to find out. Or at least I can’t find any figures. The problem with cryptos is the lack of accountability. There is no requirement for crypto projects to report income, costs, gross profits or net profits. This space is still largely unregulated across the world. A company on any stock exchange is held to account to report everything to share holders. Coin holders do not share that luxury yet.

轉貼自Source： medium

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