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Bots constantly extract and front-run users that have slippage.
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Transactions fail if you don’t have enough slippage, and users still have to pay for the failures.
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The blockchain has at least 12 major outages so far.
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Companies that run RPC endpoints can front-run you.
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Solana has been officially in beta 4.5 years so far.
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To become a validator you need to be extremely wealthy.
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Their TPS is marketed wrong, it’s not 3000 TPS, they include voting and failed transactions in this marketing to fool you, it’s actually about ~250 TPS.
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Solana circulating supply increased by 59.09 million over the last year which means they printed $8.5 billion.
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Recently there was a vote passed for validators (the rich) to get 100% of high priority transactions.
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$7.5 billion SOL, is continued to be sold-off by FTX, a major unlock occurs in March 2025, and continued unlocks every month up till 2028.
TL;DR: I added a comedy flair for “comedy” purposes because if someone told you that this is one of the major crypto networks you’d indeed think that crypto is a scam…
Source: Dave on X
submitted by /u/cascading_disruption
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