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by bytelines 1431 days ago
That creates opprotunities for other Level 1 chains. Solana for example charges $0.00025 per transaction (however this is still denominated in the SOL currency so it will fluctuate). Hedera network is $0.0001 per transaction and is fixed in USD.
1 comments
dmitriid 1430 days ago
They have other problems. Solana's entire supply is said to be 5% of the current world population. I'll let you do the math on the rich/poor inequality this entails.

Each problem that's dismissed out of hand by crypto proponents is compounded by the endless streams of bigger and worse problems.

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bytelines 1429 days ago
I'm very confused by both of your points. The supply of a cryptocurrency is equal to a person? A crypto token is not a person so I'm guessing you missed a few words there?

How is building a competing chain to more efficiently solve a problem (high transaction fees) in a competitive market in any way "dismissing" that problem? That seems the exact opposite of dismissing a problem.

Do those new solutions come with new problems? Sure, that's true of any technology. Dynamo-based databases solved high availability and network partitionability of data but come with several trade-offs. That doesn't mean you shouldn't use Cassandra for anything.

That said, Solana is not the hill I'm willing to die on and it's hot garbage. Hedera seems good though.

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