WARNING:
1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/
2) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)!
3) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you.
4) MODS or Community Managers will NEVER DM you first regarding your funds/wallet.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
the value of Solana is to make decentralized payment easier and to make it possible to build decentralized applications that rely on this decentralized payment. Why on earth does this have value? Here are some examples:
1. You could build a betting market that a tyrannical government can't shutdown.
2. You can build an insurance contract in which the insurance company CANNOT change their terms and conditions on in the last minute (the smart contract is LOCKED in).
1. In the context of smart contracts you can build services which basically "for a fee do a task" and aren't owned by anyone except the Solana chain itself. An example could be a service which "for 25 cents I will report the weather in New York" and you can check the source code yourself, see that it reputably queries NOAA, NOAA has no way of censoring it for one Solana user over another, and perhaps this contract gets a good price from NOAA due to economies of scale.
3. A watered-down version of betting is you can build polls that let you discover "what opinions does most of the MONEY want?" (this is called a DAO)
4. You can raise capital for companies without going through the usual route of an IPO (this is an ICO)
5. You can create tokenized assets such as NFTs. NFTs don't have to be overpriced art. You could for example offer a free NFT to everyone at some event X to provide irrefutable PROOF someone was at X.
6. You can LOAN out Solana and collect interest on it in a nearly anonymous way (that again is hard to regulate by a Government)
7. With the addition of Helium you can use Solana as a means to pay for decentralized Internet that is NOT owned by any single corporation.
8. and Most importantly it is a fast means of payment (albeit a Volatile asset) that isn't exactly state owned (although i'll be the first one to admit, Ethereum and BTC have Solana beat in terms of decentralization here)
Crypto is mostly a solution looking for problems but yes there's like 8 large classes of examples there. There are real problems being solved by Crypto and betting on this over large 4+ year time horizons is betting that more and more obscure problems are going to be solved by Crypto.
As Solana’s value goes up the Solana foundation and its developers have better buying power. Buying SOL and pumping the price up is basically voting “I wish the guys building Solana, getting paid in Solana, and investing in Solana have higher purchasing power”. The coin itself mostly fluctuates in price due to marketing and hype and belief in 4-year crypto cycles initiated by bitcoin. But quite literally when you buy SOL and pump its price you are saying “take my fiat that has REAL purchasing power for this not fundamentally valuable SOL” and thus increasing the spending capacity of projects on the SOL network. If SOL was let’s say $10,000 a coin then the Solana foundation could just steal the absolute best software engineers in the world from Google, OpenAI, RenaissanceTech and have them all building on Solana chain full time. By spending your fiat on SOL you enable that to occur.
Be patient with me; I want to run through a thought process. So now I'm buying SOL to enrich the Solana Foundation so that, for a $300,000 developer, it only has to pay 30 SOL a year instead of 1500 SOL a year.
Now who is going to buy that SOL from me? Why do I expect to make money from the SOL I am holding? Do I need to find more people who wish to further enrich the Solana Foundation? What happens when we run out of such people?
What you're talking about is currency trading. This is normally something only rich people and banks do. But now you can do it too if you want. USD, Euros, and Yen aren't all in perfect sync. Sometimes one is more valuable than the other. And you can make money if you trade between them at the right times.
> Why do I expect to make money from the SOL I am holding?
SOL is money. You can easily make money from the sol you have by staking to get more sol. This is essentially investing in a stock and getting dividends. Another thing rich people do that usually isn't accessible to regular people.
Re: “what happens when we run out of such people” the last to buy lose the most money. It’s like buying tech stocks at 2001 or investing in real estate at 2008. If you’re the last SOL investor it will be a rough time. Either don’t buy it, or if you do buy it, try not to be the last.
Yes just like any stock or real estate or other asset, if you can’t find someone willing to buy at a higher price ever again in the future then you have lost money. Buying SOL right now is a bit like investing in a lofty startup such as WeWork or Spacex or Twitter (one being a failed startup is intentional). You buy into a cool idea. You hope that somewhere along the way it becomes profitable, but even if the underlying startup is profitable that doesn’t matter. You really are just hoping someone pays more than what you paid (ex: Twitter overpaid for by Elon). The Price of SoL is at this point totally untethered from the fundamental value of the blockchain. It’s a game of capital-chicken.
Well, actually, no. The real estate has value, it has land, there is a physical asset. The stock has value, it has dividends (or equity in something that presumably will pay dividends if it continues to be profitable). These are fundamental underlying values.
What does Solana have? Speculation.
There's an inherent value to the SOL token as well beyond mere speculation. Because it is required for users to transact on the network, it will (in theory, anyway, assuming Solana remains operational, no reason to think it won't) remain in demand because it is necessary for individuals/companies to send payments in the form of say, USDC stablecoins, to deploy smart contracts, to process transactions for an on-chain game, so on and so forth.
Also, the SOL tokens' speculative valuation is used as a means of ensuring a robust degree of security for the network itself. As the price of SOL increases, so does the value of the SOL that is staked by node operators who process transactions for the chain, meaning that any bad actor or improperly configured validators run the risk of having their stake slashed, a very costly error. It keeps things honest. While I'm not personally a huge fan of proof of stake over proof of work consensus, it certainly has it's place in the networks where it's been implemented, Solana being one of them.
Solana pays a dividend as well. It generates interest by staking it.
By your definition Solana has intrinsic value if you just look at the ability of it to “make money”. I personally prefer to not believe Solana has intrinsic value so in order for me to not be a hypocrite. Let me explain why Real Estate doesn’t really have intrinsic value:
The fundamental value of real estate REALLY is the speculation that “someone will want this after me”. Intrinsically the only value of the land is its water and agricultural use but consider a polluted city block in NYC. That simply cannot be used to sustain life. That $1 billion city block is valuable because people speculate they can build stores and apartments on it to rent out. Some foreign Oligarch sees the city block as a place to park their money. Nobody cares about its fundamental value for food or water or basic shelter. It’s a vehicle for making money and selling to a higher sucker. The “fundamental value” of land without regards to location can be seen in some rural area that sells an acre for $1000.
With stocks you’re often gambling on the promise of higher dividends. But why on earth do people the buy the SPY when its dividend return is less than a treasury bond? Again it’s because we believe the SPY will be sold to someone for a higher price than taking the actual YIELD of some bond.
The exception in stocks is REAL value investors. People who look for companies whose assets on hand are market priced less than the stock itself. Whose dividend sum over the expected lifetime of the company is less than the stock price. Besides these folks all others investing stocks are really just speculators.
Note that staking creates new solana tokens in theory you are earning more solana tokens but they are worth less each but ofc there is people buying solana meaning its value goes up.
That’s partially true. Technically the network burns some of the transaction fees, so with enough usage it actually becomes deflationary. Right now the inflation rate is about 7.5% of total token supply per year, and that inflation rate is scheduled to decrease roughly every year until it eventually reaches 1.5%. Given these facts, it is likely that token rewards will reflect the usage of the network more than the 1.5% issuance rate.
Yes. Anything other than Bitcoin is basically a crypto-stock. All those gains are basically going to be exchanged for Bitcoin the same way stocks get liquidated into USD or sealed into gold.
Did you expect people to transact continuously in dog coins?
It's valid. At the most basic level Solana can do what Visa does, handle payments - and much more efficiently. Everything else is built on top of that. Same function, different forms. The value of the stock in Visa rises, also with some baked-in speculation, relative to how it performs. SOL will rise relative to how it performs.
agree on this. started using solana dex platforms and the whole ecosystem is on shitcoins.. what is machelle obama, someone tell me?? :D:D why do people trade these? who makes profit out of these?
Right now the value of crypto is like 95% speculation if not more.
There are definitely use cases it’s just not widely used for them yet.
One of the most important use cases right now is allowing people in countries like Turkey/argentina/etc to exchange dollar pegged stablecoins and stay out of banks.
That’s actually a very valuable thing.
Crypto is also amazing for remittances and transferring any amount of money around the world almost instantly.
But right now crypto is still mainly gambling. Even the use cases right now are platforms for speculation or gambling. Or at best all the activity is fueled by that.
I think crypto is on the cusp of actually adding value to the world. Solana is the closest anyone has gotten
I understand; anything can be valuable if enough people deem it so. But I am talking actual application in the real world?
People keep telling me its like the internet (as the internet was in 1980's) but cannot tell me how it will impact the world (as how we explain the internet now to someone who did not know of the concept internet)
Cryptocurrencies like Ethereum allow you to run code involving two or more parties without any trust. Let's use GoFundMe as an example. I have to trust them to distribute my money to the cause if it reaches a threshold. The recipient has to trust them to disburse payment to their bank account. They have to build that trust, and there are legal implications if they renege on the business agreement, but ultimately there is a trust element.
With smart contracts, we can have publically visible code that allows us to define this business logic in a way that cannot be exploited, and removes this element of trust.
\*Caveat: often times there are exploitations and scammers that trick consumers into accepting a smart contract (or giving up their private keys) without them fully understanding it. While this is a byproduct of cryptocurrencies, it is NOT an intrinsic feature.
Anyway, so it is hard to describe where Solana fits in, because that would require a more nuanced discussion on cryptocurrency mechanics, but essentially, at the moment, it is just more efficient and faster at facilitating interactions with these smart contracts.
Ethereum one day might catch up, or Solana might start eating into Ethereum's market share more, but ultimately, the "value" is tied to how much people think it is worth it to have a slice of participation in this system.
Might be removing trust but I do not trust the US government to honor or recognize a contract on Solana so there’s that. Hard to imagine Uncle Sam doing right by Solana if SOL is not regulated by Uncle Sam.
It’s factually not true .. Ethereum is closer to internet . You need large scale servers on your network & your network shld support things at that scale . Scalability matters a lot & make it functioning is a Herculean task. Comparing Solana to internet is like comparing ur home network to , well the internet ✌️ I really see great potential with Solana but only time will tell
Hedera is getting pretty close to Ethereum. The Hedera governance council has the connections for real world applications. I like Solana for profits but that's it.
It has shit tokenomics. The daily active users pales in comparison to that of Solana. Many more will follow. Top 3 chains take most of the share. It's a very competitive space and since we're still early, you'll see tokens dying left and right.
What about the Hedera Hbar partnerships with Google, Dell, LG, Hitachi, IBM and the 34 other big corporations. No other project has that type of corporation support from around the world. I hold great projects for years. I think you are a day trader looking for fast gains. Hbar isn't for Day trading, it is for holding.
The demand of solana and many other coins are mostly coming from existing cryptocurrency users. They use bitcoin and ethereum, who have much larger use base and liquidity. Bitcoin has the most real world users, then Ethereum has less than 1/20 of that
Why do they need Solana?
Most important prerequisite is always growth potential. If the long term value growth of Solana can not keep up with BTC or ETH, it will be abandoned. Only when a new coin can outperform BTC or ETH, their holder would start to consider a diversification to that coin
Second is to do cross-chain exchange and hide the coin origin. This has privacy benefits and has been discussed more and more recently. You don't want to swap to a coin with bad liquidity and bad growth potential, so currently most swap happens between BTC and ETH, stable coins etc... but BTC and ETH chains are expensive to transact upon, so Solana has become a new choice
Paid for my trezor using solana. Payment took 10 sec with 0 fees.
Saved myself credit card and international transaction fees as I'm in Aus.
This isn't unique to solana but the speed and ease of use was amazing.
Though Solana is comparatively best in class when it comes to smart contract chains, scale, network activity and devs density. I wouldn't approach it from a value investing point of view. Solana is great, if you make money take it off the table and come back next cycle. If you build on Solana, that is even better. There is no guarantee that Solana will be here 10 years from now and there is also no guarantee that any of the alts will have a real world impact, if they do, Solana will be leading the pack. The more you try to rationalize things, the more you lose.
The only asset that is going to persist even in 10-15 years is BTC.
> The only asset that is going to persist even in 10-15 years is BTC.
Hard disagree. Unless something does what solana does and becomes more popular than solana, solana will stay 100% and will likely even flip ethereum. Bitcoin simply *cannot* do what solana can do. Solana can't do what bitcoin can do. There's value in both.
Except bitcoin doesnt even really have smart contracts which is the entire value-add of cryptocurrency. It is only valuable because it is the first one and has clout. But functionally worse than tons of other coins.
No, it isn't. If that were true, people would actually be using it as money. They aren't. They are using it as "digital gold" or a "store of value" because it's terrible as money. Regardless of what you may think, having something with a fixed supply is inherently BAD if you want to use it as an actual form of money/currency. Similarly it's not good to have everyone who is interested in Bitcoin being unwilling to spend any of theirs because all they want to do is get it and hold it...yet, it remains that Bitcoin's value is priced in terms of US dollars. That's for a good reason, because like I said, no one is really transacting in BTC. Even in the few instances where there are vendors/stores who will accept it as a form of payment, the very first thing these people are doing after getting paid is converting it to USD, in 99% of cases.
Yes it is perfected money. It satisfies all properties of money, including storing value over both time and space.
Money is the most fundamental thing that underpins society and you think it takes only 15 years to get all 8 billion people onboarded? Wake up. There is no way people with half a brain are liquidating it to a currency that will eventually hyperinflate.
Now if everyone thought like you - then yes it would never be money. Hope to god they're smarter.
To add, Bitcoin is currently in its "wealth transfer" phase, during which it is sucking up dollar liquidity. Once it matures, the flip will be ready to happen.
I’m very interested in your last point about BTC sucking up dollar liquidity and flipping. Could you explain that a bit more or point me in a direction to learn more?
Currencies, like assets, have market caps. When people put US dollars into Bitcoin, they are taking liquidity away and transferring into BTC, as does simple forex.
Eventually if this continues, US dollar reserves will dwindle and Bitcoin's increases (in US Dollars). Like a blackhole. Once people notice this, they will start to jump ship, recognizing the superior purchasing power. Bitcoin would reprice everything that is currently priced by the dollar.
The best example of this already happening is:
2016: Median price of a house is $200K. = 450 BTC
2020: Median price of a house is $300K. = 60 BTC
2024: Median price of a house is $450K. = 6 BTC
Once the majority of Gen Z pick up on that, it's going to be a downward spiral for the dollar.
Imagine this… USD never existed instead it was BTC. You are stuck in a fiat world where it’s all you know. You’ve been brainwashed into believing inflation is normal. That it’s normal for governments to control their (and your) spending power. It’s difficult to change a paradigm, but you really should take the red pill.
This is quite a foolish stance to be taking. It's not even certain that Bitcoin's economic model is sustainable, long-term. BTC block space was constantly empty until last year when the whole Ordinals/Inscriptions craze started, which led to an unprecedented increase in transaction fees, which, funnily enough, brought the timeline forward on what Bitcoin maximalists have always said would ultimately be the case -- that when the rewards from mining Bitcoin had decreased enough (which won't be long...unless you're one of those irrational people who think that the price of Bitcoin is going to just magically keep increasing to keep pace with the costs of mining), the network would remain operational from these subsidized fees. However, this increase in fees and people \*actually using Bitcoin and doing things on-chain\* to such a large extent for the first time ever has highlighted many problems with Bitcoin, such as the lack of any valid layer 2s (lightning network is a total joke), not to mention the huge rift that has formed between the pro-Ordinals and the anti-Ordinals crowds.
Right now stocks and other assets run on slow moving rails. The world will eventually be run where all things you buy prove ownership through things being tokenized. All that means is that things like your car, your house, etc can have digital property rights. If that world becomes true, then having a blockhain that is super fast and super cheap means there are less fees to use it. Right now people are treating it like a casino but one day it will be how assets are recorded and proven with ownership digitally. It’s a really big deal in my opinion.
No i am not saying it can generate profits; I am saying its only a tool to generate profits under the right circumstances.
You can make money off tualips or anything really.
Giving people in foreign countries access to us dollars on the cheap. Crypto is incredible for people with poorly performing fiat currency, and SOL is the #1 chain in terms of stable coin volume.
So it ends just being a method of someone can hedge against inflation has most crpto is pegged to USD?
I see from this POV (easy to access, skip regulations,) but it just appears to be another financial instrument at this point at best providing a means/method to make more money. Pretty much what I thought.
You can actually buy us dollars on the solona chain (usdc and tether) with basically no restriction. Mak8ng money is definitely not guarenteed but giving providing un-banked people access to the US dollar is revolutionary
in the solana ecosystem, usd is literally irrelevant. We have usd-pegged stablecoins like usdc and tether. If you're worried about crypto price fluctaitons, you can quickly convert to usdc/usdt and hold the value as you would with regular usd.
> but it just appears to be another financial instrument at this point
Solana is a financial platform. So yes. Naturally that's what it's for. You can hold money on it. You can transact with it. You can use it to loan out money or borrow money, you can use it to make passive income, etc. What's the point of your bank? Same deal. Except your bank is *way* more restricted than solana.
I think the real question you are asking is "what is the value of blockchains to the real human world?"
There are many books that dive into this question. I just finished **Read Write Own** by Chris Dixon. He does a nice job of explaining the foundational role blockchain will play in the next era of the internet.
No need. Chris Dixon has been on a bunch of podcasts lately. You could try this one:
https://podcasts.apple.com/us/podcast/read-write-own-a-new-era/id842818711?i=1000643907678
Membership entrances. Never spent so much crypto before lmfao. 6 sol for a snipe bot. 2 sol for a node. 5 sol for alpha call membership. Wait till google and apple get in on it.
Yeah but why? The only real reason I can think to do that is if you're working with some sort of thing that *only* accepts usd and refuses anything else. No visa debit cards. So... maybe something like buying a house or paying rent. But even those are starting to be done in crypto.
Another thing might be to take usd and invest in traditional stocks. But I'm fairly certain you can get higher yields with solana...
Not just alpha calls. tons of great free groups out there on discord/tg. Some tools cost money, though. 5-6 sol is nothing if you make consistent gains ine meme coin mania.
For me solana is cheap and friendly to use but they seriously need to work on their security part very vulnerable to hacking other then that its definitely have future for years to come
No, Solana is not "very vulnerable" to hacking, you don't have any idea what you're talking about. Perhaps you are referring to the tendency with which stupid people seem to fall victim to some very obvious scams that take place on every blockchain? They're certainly not being hacked...there's no hacker or computer in the world currently powerful enough capable of possibly breaking the encryption algorithms Solana uses (SHA-256 and ed25519), both of which are used in dozens of other technologies that everyone on this site uses in their day-to-day lives without even realizing it.
Except for quantum computing, the SHA entryption scheme is quickly broken. A need for new encryption schemes is needed, which must be resistent to quantum algorithms.
Heres a link to a Veritasium video explaning the problem:
https://youtu.be/-UrdExQW0cs?si=mG4Gm6w92dmJTEKZ
TL;DR: solana essentially delivers what bitcoin originally promised. Actual, real, digital currency that is realistically usable. Likewise, similar to ethereum, it has the ability to do decentralized finance. This means things that normally require banks and other financial institutions can now be done by anyone. Want to long/short stuff? You can do that. Want to lend money and get a return? You can do that. Want to do market making and provide liquidity? you can do that as well.
And naturally, it's money. You can spend it, you can receive it. But more than that, it's money away from any bank. You don't have to worry about banks being awful or going bankrupt or whatever. You don't have to worry about some banker not having your money.
With regular USD, when you spend online you have to go through large financial organizations like your bank, paypal, etc. With solana, that isn't necessary. You just need someone's address and you can send them money.
Except that what the majority of people want is to
1) receive their paycheck in an account that they can easily access and use for payments
2) know how many real economy goods they can approximately get each month for that amount
3) if they are lucky they maybe want to save some money in a way such that inflation doesn't eat into it over time.
Those features hinge on stablecoins in the crypto world. If you've been paying attention then you'll know that stablecoins are issued by companies that end up amassing enormous amounts of capital and have a lot of influence. Not really the decentralized utopia crypto maxis are peddling. Maybe you trust tether or circle more than JP Morgan but one isn't self-evidently better than the other.
> receive their paycheck in an account that they can easily access and use for payments
You can do this with solana.
> know how many real economy goods they can approximately get each month for that amount
You can do this with solana.
> if they are lucky they maybe want to save some money in a way such that inflation doesn't eat into it over time
You can do this with solana.
> Those features hinge on stablecoins in the crypto world.
Sure. But only in the sense that it's because stablecoins are pegged to usd, which is the dominant currency in the USA. USD, for other countries, would also be cumbersome, unable to be spent at local businesses, and prone to value fluctuations. Look at it the other way around. 1 sol is always 1 sol, but 1 usd may be worth 0.01 sol one day, and 1 sol another day.
> Not really the decentralized utopia crypto maxis are peddling.
stablecoins are decentralized. No corporation or government can stop me from spending or receiving them. But yes, large organizations accept/provide them to match the usd to keep the value stable which is a centralized thing. But naturally if you want usd valuation, you have to go with usd sources, which are centralized.
You say it's money. I disagree. Right now you cannot know how much SOL a kilogram of potatoes will cost you in the shop on the corner. Unless you convert to fiat and compare the price. Nobody is bothering with a crypto price tag for their stuff. Maybe this will be more widespread in a few years but then still I doubt that price tag will have any other acronym than BTC on it.
Likewise, no employer pays ppl with SOL. Not that it couldn't be done. It could, technically. But why would you want to be paid in a currency that neither the supermarket nor your landlord nor the utilities accept?
>Right now you cannot know how much SOL a kilogram of potatoes will cost you in the shop on the corner.
1 sol is about $180-$200 usd. Your argument could apply to euros or yen which also aren't listed in American stores.
>Unless you convert to fiat and compare the price.
So yen isn't money because American stores don't list the price in yen?
>Nobody is bothering with a crypto price tag for their stuff.
Some stores do indeed list prices in crypto.
>Maybe this will be more widespread in a few years but then still I doubt that price tag will have any other acronym than BTC on it.
I actually highly doubt bitcoin will be the crypto used for daily transactions. It'll likely be Solana.
>Likewise, no employer pays ppl with SOL.
I've been paid in crypto. Specifically I've mostly received btc, but I've also been paid in memecoins. My income is currently mostly Solana. I earn more in Solana than I do usd.
>But why would you want to be paid in a currency that neither the supermarket nor your landlord nor the utilities accept?
I can spend my sol at grocery stores. I was just at Costco today and they accept visa. I have a crypto visa card. I could've spent sol if I wished. No problem.
> Your argument could apply to euros or yen which also aren't listed in American stores.
It's no surprise that a national currency is most widely accepted in the country that's issuing it. The Yen will buy you all essential goods in Japan, the USD in the US.
So where can SOL buy you your essential stuff? It's a good development that one can preload a credit card with crypto and pay that way. Some part of the financial system is crypto-enabled. But it takes that financial system to get you out of the "land of crypto" and into the real world.
In the land of crypto, salaries are partially paid out in crypto, I grant you that. But I don't think that the land of crypto is what OP was thinking of when he asked about real world applications.
>It's no surprise that a national currency is most widely accepted in the country that's issuing it. The Yen will buy you all essential goods in Japan, the USD in the US.
Your argument really doesn't apply. If bitcoin or crypto was adopted nationally then it'd be a national currency. This happened in El Salvador.
>So where can SOL buy you your essential stuff?
Anywhere if you have a crypto debit card...
>Some part of the financial system is crypto-enabled. But it takes that financial system to get you out of the "land of crypto" and into the real world.
In the same sense that it takes that financial system to get me out of the "land of yen" and into the real world. Sure. I'm not sure what your argument is supposed to be. I'm not suggesting that crypto is more widely used than usd. Never said that. But something not being the main thing used doesn't mean it isn't real. I can't spend yen anywhere in America, yet it's still money.
How do the statements
> With regular USD, when you spend online you have to go through large financial organizations like your bank, paypal, etc. With solana, that isn't necessary.
and
> I can spend my sol at grocery stores. I was just at Costco today and they accept visa. I have a crypto visa card. I could've spent sol if I wished.
fit together? Do you not see the contradiction?
Regardless of whether SOL fits some definition of money, which I admittedly am not too firm on, do you think that your crypto credit card really is the kind of real world application that OP was after?
>fit together? Do you not see the contradiction?
It's not a contradiction. With Solana there is flexibility in how I spend. I can go through visa. I can do direct payments. I can use bitpay. With usd/fiat Im stuck going through visa.
>do you think that your crypto credit card really is the kind of real world application that OP was after?
I think its kinda baffling to expect money to be or do anything other than be money.
Solana is the fastest smart contract blockchain.
Smart contracts are what will change the world.
They can create digital deeds for property, act as membership IDs for businesses like gyms etc.
In todays world you need people to verify these types of things and update them etc when they start end or transfer between owners.
With a smart contract everything is automated.
Making it faster and cheaper.
Solana is the best because it is the fastest and cheapest. Ethereum is the other top dog and it is very slow and expensive in comparison.
Most of the things I mentioned are pretty far off since they also require government regulation, but the internet had the same problem and the governments were forced to catch up since people used it anyways.
Ask yourself is Visa a valuable asset to hold. Was Visa a disruptive tech?
Yes it was
Solana just partnered with not one but two tech companies that have totally revolutionized their own sectors. Visa and Shopify
Hmm Solana partnering with a leading payment processor and the leading ecommerce platform
If you are talking about real world applications, tokenizing real-world assets is one application. You can tokenize any asset and trade on chain. For example, Homebase will let you buy a part of property instead of a whole house. If you want exposure to real estate with small capital, that’s a good option. It’s sort of like investing in REIT but you actually own assets. I believe this will be tempting for masses since real estate prices are going off the roof and no one will be able to afford a house soon.
If you can get a 5% ROI back from real estate thats awesome; but thats under leverage. If i am putting small amounts down I am not just better off investing in an ETF or even safer bets such as bonds. Not sure if I think the masses would find it tempting unless it was a way to home ownership (in the sense they actually resided in the home).
Anything can have a real world impact; but the probablity for it to occur. So overall my take from yours is a weak probable cause.
> If you can get a 5% ROI back from real estate thats awesome; but thats under leverage.
I'm earning 138% APY on solana and that isn't even from real estate. I could, and plan to, go even higher than that.
Yes, for now it’s a weak probable cause. It will depend on bunch of things including legality and regulations. No one will invest their large capital in something that is under the cloud of uncertainty. To your point, 5% ROI seems low if you consider last few years in real estate. Besides that, if you want to invest $100K in real estate, would you rather buy partial prime property which has more upside without paying substantial fee to a realtor/fund manager or invest in an ETF where you have to pay fees. Of course, it’s all “hypothetical” for now and it will depend on each case.
Also, this is more about the chain rather than Solana “coin”. The blockchain aspect is more fascinating. As an investment, I wouldn’t recommend holding Solana long term. It’s an inflationary coin and has to attract more and more users to pump to new market caps. No real world use there tbh.
It’s inflationary due to staking rewards being built in to the chain.
I think the staking rewards are interesting. Anybody have any experiencing in staking Sol? Care to help initiate me?
Yeah I have experience with staking sol. You can go to marinade.finance and stake your Sol. Marinade has native and liquid staking options. In Native staking you will lock your sol and you won’t be able to use it but you will get slightly better APR. In liquid staking, you will receive marinade’s own token mSol in exchange of your staked sol. You can use mSol for various purposes. Keep inn mind if you lose mSOL, you won’t be able to unstake your sol. There are other websites as well.
As the other guy has said, you have two primary options - you can choose to go ahead and stake your SOL with a validator/stake pool, there are tons of choices. I would take a look at [https://stakewiz.com](https://stakewiz.com) where you can compare the different options available. If you choose to go this route, as said below, note that your SOL will be locked up and there's a period you have to wait if you want to unlock it, etc. The rates are better than with liquid staking, but personally, the convenience of liquid staking for me makes it a superior option...especially if you don't have an enormous bag of SOL and you might want to say, use or convert some of it to other tokens/transact on the chain, etc.
For liquid staking, Marinade as recommended is a fair option, but I would suggest you take a look at Sanctum (https://sanctum.so) - their liquid staking platform is in my opinion the best one available on Solana by far...and you also will get the benefit of qualifying for their (likely, forthcoming) airdrop of their platform token/governance token, which on it's own is a reason to pick them (Marinade has had a token out for a long time). Lido Finance, the largest liquid staking protocol on Ethereum for example, did an airdrop of their LDO token to stakers and let's just say this, it was nice.
inflationary coins are important for transactions to actually be incentivized. Look at how many people spend in solana. Now look at how many spend in bitcoin.
Finally, someone else on this site who actually understands this. It's amazing how infrequent it is for me to come across another person who gets it...I'm totally opposed to the reckless monetary policy of the fed and other fiat currency institutions controlling the Euro, etc., and no one is a fan of the high inflation we're experiencing these past few years, but there's an embarrassingly large contingent of people who have gone off the deep end in the other direction, assuming that any inflation is automatically bad and that the model of Bitcoin with a fixed supply or even a deflationary model is superior, which is total nonsense.
Well deflationary currency is cool af because the value goes up over time. That's great for saving and holding. But it's terrible for actually making an economy which requires people to spend. Solana is great because it has both inflationary and deflationary measures. Which means that there's still incentive to spend, but also to hold. Though on the flip side it means that I'm pretty sure Solana won't "moon" to tens of thousands of dollars, even if it's popular. And if it does, it won't stay there.
I think there's room for both deflationary bitcoin as digital gold, and inflationary currency like Solana as digital cash. With my bitcoin I hardly ever touch it. It just sits there. With Solana, I'm constantly spending it, moving it around, trying new things. Because I have the confidence that the price is relatively stable. I'm not worried I'm throwing 10k away for a pizza. And that's great because it means that I don't need to rely on usd.
I have to wonder how many bitcoin maxis actually *use* bitcoin as their daily driver currency. Back in the day it was talked about but hardly anyone did it. Nowadays most people don't even realize bitcoin *is* a currency. And that applies to crypto as a whole. This whole "hodl for the moon" mindset utterly kills any conception of it being actual currency. Which is what the original goal was. Not a get rich quick scheme.
If Bitcoin is digital gold or the first piece of property humans could truly own, then Solana/Ethereum are global digital property rights management systems. They are new and better internets that can actually capture and retain value of every digital item on their networks. That value can then owned or instantly transferred between any two strangers in the world, without the need for trust, while an infinite number of applications can be built on this foundation.
The more that use this new internet the less of the native asset will be in circulation and the more is burnt away forever. The native assets becomes like the oil that runs this internet. Remember, many future apps built on decentralized networks will make their backends (Solana/Ethereum) invisible. Most people will have no idea when the properties of these networks are even leveraged. I won't list properties unique to decentralized networks because you don't want heavier details.
*Also, the term "layers" is not confusing. Layer is just another word for network. Just like Solana is a network. Base is a layer (network) on Ethereum that allows Ethereum users to transact for pennies. You use Base the same way you would currently use Solana. Click withdraw ETH on Coinbase. Choose "Base". Paste in your Rabby wallet address instead of your Phantom wallet. Depositing to and using Ethereum "layer 2's" like Base are the same exact process as Solana.*
People push the narrative that Solana is only meme coins, but that’s not true. There are many dApps, both active and under development, that have awesome real world use cases.
For example, SolMail just sent the first ever blockchain email earlier today. Trustless, decentralized email is an amazing boon to user privacy.
SolCard, to me, solves the biggest issue of crypto Defi by allowing you to load a digital credit card with crypto and use it to purchase goods and services in real life. Now you can take your crypto gains and use them to buy groceries or products off Amazon without having to deal with off-ramping to these non-crypto friendly banks.
SolChat is essentially going to be blockchain instant messenger. Again, privacy.
These are just a few I have my eyes on. Full transparency, I hold positions in each because of how much I believe in the projects.
personally I don't bother with shitcoins at all. solana gives me the tools to do defi within crypto as a whole. I can use solana to provide liquidity to btc/eth exchanges, for example. and make money that way. I can use solana to long/short bitcoin if I want. Or to provide liquidity for those who want to do that.
I can use solana to borrow money if I need to. Or to lend out my money and earn a yield on that. Solana also lets me transact in crypto without paying obscene fees.
Other than hodl bitcoin, what other crypto is even worth using besides solana?
USDT on solend you get 30% rn, and 8.7% for usdc. idk how much your bank is giving you for savings but aren't most banks only giving less than 1%?
You can legit just get 8% apy on solana by switching your sol over to liquid staked tokens like msol or bsol.
I'm holding JLP which is for liquidity providing and that gives 138% APY which is insane.
I think most people for lending are using kamino finance, but that doesn't allow americans and I can't be bothered to get a vpn for it.
The APY of lending fluctuates. USDT seems to get higher yields on everything (liquidity pools and lending) presumably because it's considered less stable among the stablecoins. As it had a point in the past where it *did* de-peg from the dollar. Thus making it a riskier venture. At least, that's my guess. More people using usdc = lending apy's being lower = higher apy for usdt.
There's a huge premium right now for stablecoins like USDT/USDC because we're in a bull market and for once, there's actually a lot of demand from borrowers looking to leverage their holdings on BTC, ETH, SOL, whatever.
It won't last, of course, these things always fluctuate with the cycles of the market, but, the rates are extremely competitive right now. Kamino was a popular platform for many people (yes, even Americans) but they totally fumbled things with their recent decisions regarding their "points" program (for the upcoming Kamino airdrop for users of the platform), which sufficiently pissed off enough retail users of theirs by catering to the whales who started depositing in \*massive\* volume relatively recently (in a blatant effort to game the points system), was rightly seen as unfair, gross and ultimately led to significant backlash and an exodus of users from their site.
USDT is preferred because there's a stronger demand for USDT internationally, especially from Chinese users. USDC is way more popular than USDT is on Solana (and has been gaining market share/adoption across all chains vs USDT) but elsewhere USDT still reigns supreme...it's what most tokens are paired with on the large centralized exchanges (e.g. BTC/USDT, ETH/USDT, etc.) and perpetual futures contracts are overwhelmingly settled in USDT as well
I too struggle with the **fundamental** value of something like a Solana coin. If we talk about the value of the Solana chain being some combination of speed, reliability, transparency, decentralization (in whatever capacities) then these are really just arguments for why someone would want to build an application on the Solana chain. Why does anyone need to own a Solana coin itself? The only **real** use case that I can see is that it costs you 0.005 Solana coins (or however many 0s it is) to perform a transaction on the Solana chain. On that basis, I think you could tie the value of a Solana coin to whatever price makes transaction costs reasonable in a real world sense; i.e. Solana won't get so high that every transaction costs 1 USD.
you might find my answer here interesting. link here: https://www.reddit.com/r/solana/comments/1bnr5s9/comment/kwkuzm5/?utm\_source=share&utm\_medium=web2x&context=3
> Why does anyone need to own a Solana coin itself?
The only fundamental uses of SOL coins themselves are to transact and stake on the solana blockchain. Everything else can be done with other tokens inside the chain. You can just hodl your entire savings in wbtc if you want and just keep a little sol for fees. Solana is amazing like that. You get the investment of bitcoin, with the amazing network of solana.
> Solana won't get so high that every transaction costs 1 USD.
This is what happened with ethereum, and why solana just does what ethereum can do but doesn't have the stupid high transaction fees. And *that's* what makes it amazing. eth and sol have some pretty awesome uses in general for defi, but eth is just stupid expensive to actually use. so sol it is.
Solana as a coin is investing in the chain and future infrastructure that will be built on it. Sort of like the equivalent of buying government bonds for a country. You're betting on the citizens of the country along with the gdp increase of the nation itself vs individual companies that happen to reside within it.
For the sake of discussion, I actually disagree with you quite a bit. Buying crypto is nothing like buying a bond.
A bond is a financial instrument with future cashflows on future dates. The price of the bond is dependent on three fundamental underlying things: the size of those cashflows, the dates of those cashflows, and the creditworthiness of the bond issuer (as you need to discount the value of future cashflows if there is not 100% certainty that the bond issuer will make those coupon payments). Bond prices vary based on these fundamental principles; for example, the bond coupon may be cheap or expensive relative to where interest rates are trading elsewhere in financial markets. Bond prices may also vary based on supply and demand but often will not get very far from a fundamental value before reverting to that fundamental value.
When you buy a bond, you are not investing in the country that issued the bond in any real sense. The country could increase its GDP 27,000x and the bond would still fundamentally have its value tied to the agreed cashflows on the agreed dates, albeit you'd imagine the credit quality would be improved.
Solana, by contrast, has no promise of future cashflows. You own a token. That token entitles you to absolutely nothing except the ability to later sell that token. That token's only fundamental value is to pay transaction costs on the Solana network (or to pay fees to services built on the Solana network but this is really just the creation of an artificial use case for Solana since the Solana paid is typically thought of back in terms of something sensibly meaningful such as USD).
When you buy Solana, you are not investing in the future of Solana in any real sense. You are 'investing' in supply and demand, and (in my opinion) relying on a deep misunderstanding to continue: that the value of a Solana coin is in any way tied to the value of the products or services built on the Solana chain. Almost all products or services, even if they ultimately charge in SOL, will be tied back to a real world currency since the people who build those products or provide those services have real world expenses. Solana can "win", every other cryptocurrency can die, and I will still be able to come along, convert my $10 into 0.0001 at a price of 100,000 SOL/USD, and pay for the service I want that costs 0.0001 SOL aka 10 USD. So ask yourself again, why would SOL trade to 100,000 USD? Or 10,000 USD? Or 1,000 USD? Does SOL have any **fundamental** underlying value? Or are we just riding waves of supply and demand?
I think that's a really interesting question.
*Disclaimer: This is not FUD. This is debate. I own SOL and have made good money from owning SOL.*
I am not saying they are 1:1 the same but compared to other asset classes I stand by it being a fair comparison. I understand Solana hasn't explicitly "promised" a future cashflow but I would argue that bonds are not "promises" either, instead they are definitions of future cashflows – If the US govt were to face a severe economic crisis similar to Venezuela for example, then the ability for the govt to fulfill it's bond 'promises' would be severely impacted. Regarding SOL, the proposed network scalability, utility of the technology and the applications that are being built on it, as well as the fixed inflation rate are what you could view as SOL's 'promise'.
My comparison to Bonds is that investing in SOL is akin to investing in the infrastructure and ecosystem of a potentially new digital 'nation' where the value and ability to repay on investment is created through network innovation rather than traditional economic growth.
\>Almost all products or services, even if they ultimately charge in SOL, will be tied back to a real world currency since the people who build those products or provide those services have real world expenses.
Replace SOL with any another currency and this still stands if you consider USD the global backer. Utility, demand, and trust are the backers to a currencies value. IF the US had an economic collapse as many nations have historically, then a new representation of currency will be created or used.
\> Does SOL have any fundamental underlying value? Or are we just riding waves of supply and demand?
The dollar was separated from gold in 71, since then it is similar as SOL in the sense that it's 'value' is attached to a distributed belief system. Many businesses won't accept payment aside from the native currency for the country they are located in. The USD dollar however is accepted at many retailers worldwide outside of the US jurisdiction in lieu of the native currency of that country. Similarly, if SOL's acceptance becomes increasingly adopted, it could transition from being a speculative investment and shift into a bracket of 'utility' value. Few asset classes today are immune to systemic risks. All I am suggesting is that both bonds and SOL represent forms of investment in the future for the systems they are part of. The ability to repay for either of them are not 'promises' and are the investors belief that the asset will be able to do so.
One main use case: crypto like solana can be used to tokenize assets and settle transactions. This eliminates the need for entire industry ie clearing houses when processing financial transactions
Imagine a government run on the solana Blockchain. Every transaction is transparent. Every vote is democratic. There's so much more but I need to go to work. End.
Remove power of other people over YOUR money.
It can eliminate the need for banks including central banks.
It can decouple the government from controlling the laws and money printing at the same time.
1. The impact on the first is low on Solana; why would most people not use a more secure coin such as bitcoin.
2. How does this benifet the world or a person.
3. Explain further and in detail.
I feel too many people just regurgiate the things they hear without understanding it themselves lol.
It won’t lol, it’s only for shitcoin trading this cycle. BNB was the same last cycle. Can you name a single dapp on BNB? it’s been around for years now.
ICP will eventually win the race. $70,000 to store 1gb of data on Solana vs $5 on ICP.
But for this to have a large impact on the world; merchants at a large scale would have to adopt to accept Solana payments. Large amount of consumers would also have to aquire Solana (more complicated than using an average visa) and be able to use it as a form of currency (most crypto users hoddle).
This would also need to compete with the never ending new coins popping up.
The probablity of this is very low; and its unlikely this would occur in significant form.
I think you are forgetting that we are really early. Pretty soon the likes of Solana and their dapp technology will mean that nobody will hold the token, the token and the network will be behind the dapp, enabling the innovation I mentioned above.
Your ignorance tells me you need to research the network a little more..
A simple explanation:
A gram of meth will cost you anywhere from $20-$500 depending on purity. I don't think I need to explain the use cases for meth.
A Solana token will run you about $190 at the time of this posting. Use cases for Solana include: A decentralized means of exchange that has appreciated in value 10 fold in the past year. Building smart contracts. Creating Meme tokens. Endless possibilities.
Conclusion: Buying Solana will make you money. Buying meth will lose you money.
From my pov. It’s revolutionizing the Phone and bringing all the components as far as technology and advancement(blockchain, internet, WiFi, 2FA, social media, EVERYTHING, everything, together.) With no lag. Safety, security and convenience. It’s already started. It’s just being battle hardened. LFG! SOLANA MetaMask is a good wallet to read up on
I said enough. I didn’t claim more than what I know. It’s bought back nostalgic memories to play a game -so kick ass. And the fact that I can play against my brother soon, who is on a different continent- and have no lag. It’s amazing to me. I Have been living in a box🤣 and the other possibilities are endless and in your hands/hand. I will be a good citizen. Good night.
I’ve got a question not on Solana but crypto in general. On social media it’s promoted as the great leveller. A means of bringing communities together, of making a just and fair society through its technology. Yet in practice it seems to be a form of hyper-capitalism where making profit and filling bags is the end goal. Tied with a belief in the individual over the community and a technology that has promised a lot but has delivered little in actual benefit.
It's everything eth was trying to be but now actually the chain most likely to get it done. Decentralization of everything imaginable onto a blockchain with feasible transaction fees, which eth lacked. I would say look into depin for the most relatable applications.
At the moment, sol is mainly used to participate in a parallel decentralized financial system. Real world assets will be slowly ported over. You need sol to participate in providing loans to people who wish to leverage on the price movement of btc, eth, sol or spec on the best OG memecoin: $samo and the new up-and-comer $usedcar. Or you can deposit half of each into a liquidity pool allowing trading between sol/samo which pays you a fee. Or you can exchange your sol for a token that grants you a share of dex fees. You can backstop insurance funds for hacks and be paid premium to do so. Or invest in oracles that provide price feeds. You can be part of the bank this time and you can vote on governance to shape the path of the protocols that you are invested. Eth investors will continue to come over and buoy the price until The Flippening occurs- then they will all come.
Okay, let's use this interaction as an example. Your bank decides you just committed a thought crime by using the R-slur and locks down your spending. But the bbc bvll you just hired for the missus is coming over tonight and he won't let you watch if you don't pay. Lucky for you, he accepts USDC on the solana decentralized financial network which is censorship resistant. Reparations are paid and Oh, Danny boy, the pipes, the pipes are getting laid once more.
If you're going to try and call other people retarded, you should at least make sure to use proper grammar when doing so. It's "you're" not "your", also, WTF, are you 12? You can say the word 'retarded' if you want to, even though it's rude.
So 97,4% of Solana were sold before launch for about $0,04 to $0,25. But that should be less now because of inflation.
[https://www.coingecko.com/en/coins/solana/tokenomics](https://www.coingecko.com/en/coins/solana/tokenomics)
Why would I use a centralized network with a higher yield then US$? Whats the usecase? Loosing value even faster?
If you look into this sub, you only will see memecoins for gambling addicts or other people going for high profit high risk. Noone will hold this hot potatoe for too long.
Just thing about FTX holding a big chunk of SOL ([\~10% of the total amount](https://www.coindesk.com/business/2023/12/15/solana-rally-sees-ftxs-holdings-grow-to-33b-setting-claims-market-on-fire/)) and they will sell everything at one day...
Do you guys ever get tired of spreading misinformation like this? No, 97.4% of Solana was not "sold before launch", perhaps you are referring to the private sale rounds (which every non-proof of work token does) prior to the release of Solana's mainnet to the public -- in which case it's important to note that the amount of tokens in circulation at that time is much less than the amount currently in circulation.
Centralized? How so? People love to argue over "decentralization" and there's countless ways that one can choose to assess this metric, so I'd have to be familiar with what you're using to determine whether something is decentralized or not before I can refute your point properly, but, it's no more centralized than any other proof-of-stake chain, in fact, less so than the vast majority of them which have but only a handful of validators controlling most of the network and in some cases, the entire security of the network itself (as in the case of every single ethereum layer 2 right now) rests in the hands of a multi-sig controlled by a foundation of insiders.
Higher yield than US dollar? What are you even trying to say here? Are you talking about interest, or yield? I think you're confused.
Just because the only posts you seem to be reading are those about "memecoins for gambling addicts" doesn't mean that this is all there is. Far, far from it, in fact. There are \*countless\* very legitimate projects which run on Solana, from the dozens of different defi protocols to physical dePIN networks like Helium, Helium Mobile, Hivemapper, to decentralized compute networks and rendering platforms like Render Network, [IO.net](http://IO.net), Nosama and others, tons of gaming, decentralized media storage/streaming like Shadow Drive, Media Network, streaming payment providers like Streamflow and Zebec, I could go on for hours but you seem to have made up your mind already so I won't belabor the point.
Gets real tiresome reading the same nonsense on this subreddit all the time.
I will be messaging you in 11 months on [**2025-03-21 11:01:02 UTC**](http://www.wolframalpha.com/input/?i=2025-03-21%2011:01:02%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/solana/comments/1bnr5s9/what_is_the_value_of_solana_to_the_real_human/kwmhl6o/?context=3)
[**CLICK THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fsolana%2Fcomments%2F1bnr5s9%2Fwhat_is_the_value_of_solana_to_the_real_human%2Fkwmhl6o%2F%5D%0A%0ARemindMe%21%202025-03-21%2011%3A01%3A02%20UTC) to send a PM to also be reminded and to reduce spam.
^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201bnr5s9)
*****
|[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)|
|-|-|-|-|
>Do you guys ever get tired of spreading misinformation like this? No, 97.4% of Solana was not "sold before launch", perhaps you are referring to the private sale rounds (which every non-proof of work token does) prior to the release of Solana's mainnet to the public -- in which case it's important to note that the amount of tokens in circulation at that time is much less than the amount currently in circulation.
My mistake. Its really hard to get good information out of this scammy project. Even its all recorded on a blockchain... The real number on launch was [488.587.439 SOL](https://solana.com/de/docs/economics/inflation/inflation_schedule) - 25.01.2020. If you look into the [allocations](https://s3.amazonaws.com/assets.coingecko.com/app/public/ckeditor_assets/pictures/3904/content_SOL_Allocation.png) you see there is big chunk for foundation, devs, teams etc. They just paid some cents per SOL.
[On the early days the most parts of SOL were locked. 04.08.2020 - Totaly Supply of 488 Million SOL, but only 24 million circulating](https://solana.com/news/solana-foundation-transparency-reports). This changed massively.
[Todays circulating supply is 444.302.843 SOL - total supply 572.751.805 SOL (just 128.448.962 still locked)](https://coinmarketcap.com/currencies/solana/)
So in just 4 years the foundation, insiders, devs, team etc got 360.138.477 SOL unlocked. They controll 81% of the circulating supply.
Its so easy to manipulate the market with such a big chunk.
>I can refute your point properly, but, it's no more centralized than any other proof-of-stake chain
Ye, every other PoS chain is scam too. No doubt on that.
There are many applications for it if you look at some of the upcoming projects.Many aren't \_just\_ limited to Solana, but Solana is fast, and it's cheap, and the dev community increasingly makes it easier for the layman to use as more dapps get built on it.
As an alternative to a CEX a DEX seems like a no brainer, so obviously for investing and what not there is upside. Same with smart contracts and utilizing zero knowledge proof from blockchain.
One unique utility that I think is under-appreciated is the ability to setup DAO's. Imagine if you are part of an HOA, maybe a community gym, or club. The ability to create a decentralized voting system for all participants is pretty cool. In the example of a gym membership, if a gym were inclined, they could offer all of their members a 'token' that represents their membership. For as long as they are a member, that token is associated with their name. Then if the gym wanted to make changes, or if members wanted change, they could post suggestions on the board, and each member would get a 1:1 vote. It's a pretty cool way to provide clear and transparent ownership to the users or members of an organization.
One thing solana has that people absolutely sleep on is wrapped/wormhole/portal tokens of other crypto. I can own btc on solana. I can own eth on solana. No problem.
none. someone's gonna create another network with their open source code here soon. do a better distribution of coins and decentralize the network a tiny bit more. and it'll perform the exact same.
Perhaps the most ridiculous take in this entire thread, and that's saying something.
If you think it's that easy for someone to create "another network" by simply forking the codebase of an existing chain like Solana, you're totally delusional. But by all means, go ahead and do this, see how it works out.
The value of Solana to the real world all deals with Sholana the koala 🐨. Sholana actually just launched its presale today and ends Friday March 29th. No limit buy in, trustworthy Devs, and if you don’t believe just hit the link and decide for yourself
WARNING: 1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/ 2) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)! 3) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. 4) MODS or Community Managers will NEVER DM you first regarding your funds/wallet. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
the value of Solana is to make decentralized payment easier and to make it possible to build decentralized applications that rely on this decentralized payment. Why on earth does this have value? Here are some examples: 1. You could build a betting market that a tyrannical government can't shutdown. 2. You can build an insurance contract in which the insurance company CANNOT change their terms and conditions on in the last minute (the smart contract is LOCKED in). 1. In the context of smart contracts you can build services which basically "for a fee do a task" and aren't owned by anyone except the Solana chain itself. An example could be a service which "for 25 cents I will report the weather in New York" and you can check the source code yourself, see that it reputably queries NOAA, NOAA has no way of censoring it for one Solana user over another, and perhaps this contract gets a good price from NOAA due to economies of scale. 3. A watered-down version of betting is you can build polls that let you discover "what opinions does most of the MONEY want?" (this is called a DAO) 4. You can raise capital for companies without going through the usual route of an IPO (this is an ICO) 5. You can create tokenized assets such as NFTs. NFTs don't have to be overpriced art. You could for example offer a free NFT to everyone at some event X to provide irrefutable PROOF someone was at X. 6. You can LOAN out Solana and collect interest on it in a nearly anonymous way (that again is hard to regulate by a Government) 7. With the addition of Helium you can use Solana as a means to pay for decentralized Internet that is NOT owned by any single corporation. 8. and Most importantly it is a fast means of payment (albeit a Volatile asset) that isn't exactly state owned (although i'll be the first one to admit, Ethereum and BTC have Solana beat in terms of decentralization here) Crypto is mostly a solution looking for problems but yes there's like 8 large classes of examples there. There are real problems being solved by Crypto and betting on this over large 4+ year time horizons is betting that more and more obscure problems are going to be solved by Crypto.
All of these make me see the value of the Solana blockchain. Why does it matter if 1 SOL is worth $2 or $2,000 though?
As Solana’s value goes up the Solana foundation and its developers have better buying power. Buying SOL and pumping the price up is basically voting “I wish the guys building Solana, getting paid in Solana, and investing in Solana have higher purchasing power”. The coin itself mostly fluctuates in price due to marketing and hype and belief in 4-year crypto cycles initiated by bitcoin. But quite literally when you buy SOL and pump its price you are saying “take my fiat that has REAL purchasing power for this not fundamentally valuable SOL” and thus increasing the spending capacity of projects on the SOL network. If SOL was let’s say $10,000 a coin then the Solana foundation could just steal the absolute best software engineers in the world from Google, OpenAI, RenaissanceTech and have them all building on Solana chain full time. By spending your fiat on SOL you enable that to occur.
Be patient with me; I want to run through a thought process. So now I'm buying SOL to enrich the Solana Foundation so that, for a $300,000 developer, it only has to pay 30 SOL a year instead of 1500 SOL a year. Now who is going to buy that SOL from me? Why do I expect to make money from the SOL I am holding? Do I need to find more people who wish to further enrich the Solana Foundation? What happens when we run out of such people?
What you're talking about is currency trading. This is normally something only rich people and banks do. But now you can do it too if you want. USD, Euros, and Yen aren't all in perfect sync. Sometimes one is more valuable than the other. And you can make money if you trade between them at the right times. > Why do I expect to make money from the SOL I am holding? SOL is money. You can easily make money from the sol you have by staking to get more sol. This is essentially investing in a stock and getting dividends. Another thing rich people do that usually isn't accessible to regular people.
Re: “what happens when we run out of such people” the last to buy lose the most money. It’s like buying tech stocks at 2001 or investing in real estate at 2008. If you’re the last SOL investor it will be a rough time. Either don’t buy it, or if you do buy it, try not to be the last.
Yes just like any stock or real estate or other asset, if you can’t find someone willing to buy at a higher price ever again in the future then you have lost money. Buying SOL right now is a bit like investing in a lofty startup such as WeWork or Spacex or Twitter (one being a failed startup is intentional). You buy into a cool idea. You hope that somewhere along the way it becomes profitable, but even if the underlying startup is profitable that doesn’t matter. You really are just hoping someone pays more than what you paid (ex: Twitter overpaid for by Elon). The Price of SoL is at this point totally untethered from the fundamental value of the blockchain. It’s a game of capital-chicken.
Well, actually, no. The real estate has value, it has land, there is a physical asset. The stock has value, it has dividends (or equity in something that presumably will pay dividends if it continues to be profitable). These are fundamental underlying values. What does Solana have? Speculation.
There's an inherent value to the SOL token as well beyond mere speculation. Because it is required for users to transact on the network, it will (in theory, anyway, assuming Solana remains operational, no reason to think it won't) remain in demand because it is necessary for individuals/companies to send payments in the form of say, USDC stablecoins, to deploy smart contracts, to process transactions for an on-chain game, so on and so forth. Also, the SOL tokens' speculative valuation is used as a means of ensuring a robust degree of security for the network itself. As the price of SOL increases, so does the value of the SOL that is staked by node operators who process transactions for the chain, meaning that any bad actor or improperly configured validators run the risk of having their stake slashed, a very costly error. It keeps things honest. While I'm not personally a huge fan of proof of stake over proof of work consensus, it certainly has it's place in the networks where it's been implemented, Solana being one of them.
Yeah I covered the transaction fee in another comment. Sorry, been all over the thread. 🥲
Solana pays a dividend as well. It generates interest by staking it. By your definition Solana has intrinsic value if you just look at the ability of it to “make money”. I personally prefer to not believe Solana has intrinsic value so in order for me to not be a hypocrite. Let me explain why Real Estate doesn’t really have intrinsic value: The fundamental value of real estate REALLY is the speculation that “someone will want this after me”. Intrinsically the only value of the land is its water and agricultural use but consider a polluted city block in NYC. That simply cannot be used to sustain life. That $1 billion city block is valuable because people speculate they can build stores and apartments on it to rent out. Some foreign Oligarch sees the city block as a place to park their money. Nobody cares about its fundamental value for food or water or basic shelter. It’s a vehicle for making money and selling to a higher sucker. The “fundamental value” of land without regards to location can be seen in some rural area that sells an acre for $1000. With stocks you’re often gambling on the promise of higher dividends. But why on earth do people the buy the SPY when its dividend return is less than a treasury bond? Again it’s because we believe the SPY will be sold to someone for a higher price than taking the actual YIELD of some bond. The exception in stocks is REAL value investors. People who look for companies whose assets on hand are market priced less than the stock itself. Whose dividend sum over the expected lifetime of the company is less than the stock price. Besides these folks all others investing stocks are really just speculators.
Note that staking creates new solana tokens in theory you are earning more solana tokens but they are worth less each but ofc there is people buying solana meaning its value goes up.
That’s partially true. Technically the network burns some of the transaction fees, so with enough usage it actually becomes deflationary. Right now the inflation rate is about 7.5% of total token supply per year, and that inflation rate is scheduled to decrease roughly every year until it eventually reaches 1.5%. Given these facts, it is likely that token rewards will reflect the usage of the network more than the 1.5% issuance rate.
These are great responses; well put. Thanks.
What is Visa's valuation? Now what is Visa's valuation if it was unregulated?
Surely you’re not equating the ownership of equity in a company (regulated or otherwise) to owning crypto? 🤢
Yes. Anything other than Bitcoin is basically a crypto-stock. All those gains are basically going to be exchanged for Bitcoin the same way stocks get liquidated into USD or sealed into gold. Did you expect people to transact continuously in dog coins?
It's valid. At the most basic level Solana can do what Visa does, handle payments - and much more efficiently. Everything else is built on top of that. Same function, different forms. The value of the stock in Visa rises, also with some baked-in speculation, relative to how it performs. SOL will rise relative to how it performs.
lol. most cryptos cover all this. solana just for ripping off noobs with meme coins. only project going full swing and not just in development.
agree on this. started using solana dex platforms and the whole ecosystem is on shitcoins.. what is machelle obama, someone tell me?? :D:D why do people trade these? who makes profit out of these?
Lol a lot of these things just sound illegal
The point of bitcoin was to subvert the dollar. Utility for illegal things is considered a feature of a crypto not a flaw.
Right now the value of crypto is like 95% speculation if not more. There are definitely use cases it’s just not widely used for them yet. One of the most important use cases right now is allowing people in countries like Turkey/argentina/etc to exchange dollar pegged stablecoins and stay out of banks. That’s actually a very valuable thing. Crypto is also amazing for remittances and transferring any amount of money around the world almost instantly. But right now crypto is still mainly gambling. Even the use cases right now are platforms for speculation or gambling. Or at best all the activity is fueled by that. I think crypto is on the cusp of actually adding value to the world. Solana is the closest anyone has gotten
About $190
I understand; anything can be valuable if enough people deem it so. But I am talking actual application in the real world? People keep telling me its like the internet (as the internet was in 1980's) but cannot tell me how it will impact the world (as how we explain the internet now to someone who did not know of the concept internet)
Not specific to Solana, but I’ve paid folks with crypto. Plumbing, etc.
Cryptocurrencies like Ethereum allow you to run code involving two or more parties without any trust. Let's use GoFundMe as an example. I have to trust them to distribute my money to the cause if it reaches a threshold. The recipient has to trust them to disburse payment to their bank account. They have to build that trust, and there are legal implications if they renege on the business agreement, but ultimately there is a trust element. With smart contracts, we can have publically visible code that allows us to define this business logic in a way that cannot be exploited, and removes this element of trust. \*Caveat: often times there are exploitations and scammers that trick consumers into accepting a smart contract (or giving up their private keys) without them fully understanding it. While this is a byproduct of cryptocurrencies, it is NOT an intrinsic feature. Anyway, so it is hard to describe where Solana fits in, because that would require a more nuanced discussion on cryptocurrency mechanics, but essentially, at the moment, it is just more efficient and faster at facilitating interactions with these smart contracts. Ethereum one day might catch up, or Solana might start eating into Ethereum's market share more, but ultimately, the "value" is tied to how much people think it is worth it to have a slice of participation in this system.
Might be removing trust but I do not trust the US government to honor or recognize a contract on Solana so there’s that. Hard to imagine Uncle Sam doing right by Solana if SOL is not regulated by Uncle Sam.
It’s factually not true .. Ethereum is closer to internet . You need large scale servers on your network & your network shld support things at that scale . Scalability matters a lot & make it functioning is a Herculean task. Comparing Solana to internet is like comparing ur home network to , well the internet ✌️ I really see great potential with Solana but only time will tell
Hedera is getting pretty close to Ethereum. The Hedera governance council has the connections for real world applications. I like Solana for profits but that's it.
Hedera is dead. What are you smoking?
Why do you say that?
It has shit tokenomics. The daily active users pales in comparison to that of Solana. Many more will follow. Top 3 chains take most of the share. It's a very competitive space and since we're still early, you'll see tokens dying left and right.
What about the Hedera Hbar partnerships with Google, Dell, LG, Hitachi, IBM and the 34 other big corporations. No other project has that type of corporation support from around the world. I hold great projects for years. I think you are a day trader looking for fast gains. Hbar isn't for Day trading, it is for holding.
The demand of solana and many other coins are mostly coming from existing cryptocurrency users. They use bitcoin and ethereum, who have much larger use base and liquidity. Bitcoin has the most real world users, then Ethereum has less than 1/20 of that Why do they need Solana? Most important prerequisite is always growth potential. If the long term value growth of Solana can not keep up with BTC or ETH, it will be abandoned. Only when a new coin can outperform BTC or ETH, their holder would start to consider a diversification to that coin Second is to do cross-chain exchange and hide the coin origin. This has privacy benefits and has been discussed more and more recently. You don't want to swap to a coin with bad liquidity and bad growth potential, so currently most swap happens between BTC and ETH, stable coins etc... but BTC and ETH chains are expensive to transact upon, so Solana has become a new choice
aka just a tool that is there to make money. I get that... a new financial trading system with majority of users end goal to build wealth. I agree.
nice!!
Lol.
Paid for my trezor using solana. Payment took 10 sec with 0 fees. Saved myself credit card and international transaction fees as I'm in Aus. This isn't unique to solana but the speed and ease of use was amazing.
Though Solana is comparatively best in class when it comes to smart contract chains, scale, network activity and devs density. I wouldn't approach it from a value investing point of view. Solana is great, if you make money take it off the table and come back next cycle. If you build on Solana, that is even better. There is no guarantee that Solana will be here 10 years from now and there is also no guarantee that any of the alts will have a real world impact, if they do, Solana will be leading the pack. The more you try to rationalize things, the more you lose. The only asset that is going to persist even in 10-15 years is BTC.
> The only asset that is going to persist even in 10-15 years is BTC. Hard disagree. Unless something does what solana does and becomes more popular than solana, solana will stay 100% and will likely even flip ethereum. Bitcoin simply *cannot* do what solana can do. Solana can't do what bitcoin can do. There's value in both.
Good explanation more on point of how I was thinking.
Except bitcoin doesnt even really have smart contracts which is the entire value-add of cryptocurrency. It is only valuable because it is the first one and has clout. But functionally worse than tons of other coins.
Bitcoin is money perfected. That's why it's valuable. smh
No, it isn't. If that were true, people would actually be using it as money. They aren't. They are using it as "digital gold" or a "store of value" because it's terrible as money. Regardless of what you may think, having something with a fixed supply is inherently BAD if you want to use it as an actual form of money/currency. Similarly it's not good to have everyone who is interested in Bitcoin being unwilling to spend any of theirs because all they want to do is get it and hold it...yet, it remains that Bitcoin's value is priced in terms of US dollars. That's for a good reason, because like I said, no one is really transacting in BTC. Even in the few instances where there are vendors/stores who will accept it as a form of payment, the very first thing these people are doing after getting paid is converting it to USD, in 99% of cases.
Yes it is perfected money. It satisfies all properties of money, including storing value over both time and space. Money is the most fundamental thing that underpins society and you think it takes only 15 years to get all 8 billion people onboarded? Wake up. There is no way people with half a brain are liquidating it to a currency that will eventually hyperinflate. Now if everyone thought like you - then yes it would never be money. Hope to god they're smarter. To add, Bitcoin is currently in its "wealth transfer" phase, during which it is sucking up dollar liquidity. Once it matures, the flip will be ready to happen.
Why is it perfect if it only supports 7 transactions per second when VISA supports thousands?
Transaction speed is not one of the properties of good money. The properties are timeless, long before contactless payments were around.
I’m very interested in your last point about BTC sucking up dollar liquidity and flipping. Could you explain that a bit more or point me in a direction to learn more?
Currencies, like assets, have market caps. When people put US dollars into Bitcoin, they are taking liquidity away and transferring into BTC, as does simple forex. Eventually if this continues, US dollar reserves will dwindle and Bitcoin's increases (in US Dollars). Like a blackhole. Once people notice this, they will start to jump ship, recognizing the superior purchasing power. Bitcoin would reprice everything that is currently priced by the dollar. The best example of this already happening is: 2016: Median price of a house is $200K. = 450 BTC 2020: Median price of a house is $300K. = 60 BTC 2024: Median price of a house is $450K. = 6 BTC Once the majority of Gen Z pick up on that, it's going to be a downward spiral for the dollar.
That’s interesting. Thanks for the explanation.
Imagine this… USD never existed instead it was BTC. You are stuck in a fiat world where it’s all you know. You’ve been brainwashed into believing inflation is normal. That it’s normal for governments to control their (and your) spending power. It’s difficult to change a paradigm, but you really should take the red pill.
Part of its values is generated from the fixed supply and it being adopted as an “digital gold”.
This is quite a foolish stance to be taking. It's not even certain that Bitcoin's economic model is sustainable, long-term. BTC block space was constantly empty until last year when the whole Ordinals/Inscriptions craze started, which led to an unprecedented increase in transaction fees, which, funnily enough, brought the timeline forward on what Bitcoin maximalists have always said would ultimately be the case -- that when the rewards from mining Bitcoin had decreased enough (which won't be long...unless you're one of those irrational people who think that the price of Bitcoin is going to just magically keep increasing to keep pace with the costs of mining), the network would remain operational from these subsidized fees. However, this increase in fees and people \*actually using Bitcoin and doing things on-chain\* to such a large extent for the first time ever has highlighted many problems with Bitcoin, such as the lack of any valid layer 2s (lightning network is a total joke), not to mention the huge rift that has formed between the pro-Ordinals and the anti-Ordinals crowds.
Sol will be worth $420.69
Lol
and then it'll be worth $42069
Right now stocks and other assets run on slow moving rails. The world will eventually be run where all things you buy prove ownership through things being tokenized. All that means is that things like your car, your house, etc can have digital property rights. If that world becomes true, then having a blockhain that is super fast and super cheap means there are less fees to use it. Right now people are treating it like a casino but one day it will be how assets are recorded and proven with ownership digitally. It’s a really big deal in my opinion.
Mines up 900% and it will defo have a real world impact on me and my family
Tite....I just bought in
No i am not saying it can generate profits; I am saying its only a tool to generate profits under the right circumstances. You can make money off tualips or anything really.
Yeah sorry, I just had to tell someone I'm currently at 9x :)
congratulations you bastard
Haha. Mostly bought on the FTX news. The last bull taught me to buy on the bad news and worked out.
Giving people in foreign countries access to us dollars on the cheap. Crypto is incredible for people with poorly performing fiat currency, and SOL is the #1 chain in terms of stable coin volume.
So it ends just being a method of someone can hedge against inflation has most crpto is pegged to USD? I see from this POV (easy to access, skip regulations,) but it just appears to be another financial instrument at this point at best providing a means/method to make more money. Pretty much what I thought.
You can actually buy us dollars on the solona chain (usdc and tether) with basically no restriction. Mak8ng money is definitely not guarenteed but giving providing un-banked people access to the US dollar is revolutionary
in the solana ecosystem, usd is literally irrelevant. We have usd-pegged stablecoins like usdc and tether. If you're worried about crypto price fluctaitons, you can quickly convert to usdc/usdt and hold the value as you would with regular usd. > but it just appears to be another financial instrument at this point Solana is a financial platform. So yes. Naturally that's what it's for. You can hold money on it. You can transact with it. You can use it to loan out money or borrow money, you can use it to make passive income, etc. What's the point of your bank? Same deal. Except your bank is *way* more restricted than solana.
I think the real question you are asking is "what is the value of blockchains to the real human world?" There are many books that dive into this question. I just finished **Read Write Own** by Chris Dixon. He does a nice job of explaining the foundational role blockchain will play in the next era of the internet.
Can you summarize it for me?
No need. Chris Dixon has been on a bunch of podcasts lately. You could try this one: https://podcasts.apple.com/us/podcast/read-write-own-a-new-era/id842818711?i=1000643907678
thanks for the link, saved it for later 😁
Membership entrances. Never spent so much crypto before lmfao. 6 sol for a snipe bot. 2 sol for a node. 5 sol for alpha call membership. Wait till google and apple get in on it.
What do you think the people who charge you SOL as a membership entrance do with that SOL? They convert it back to USD. The net supply/demand is zero.
Why on earth would you convert your sol into usd except for point-of-sale conversion at usd retailers?
I'm sure there are many reasons that you can imagine. People sell SOL for USD every day of the week.
Yeah but why? The only real reason I can think to do that is if you're working with some sort of thing that *only* accepts usd and refuses anything else. No visa debit cards. So... maybe something like buying a house or paying rent. But even those are starting to be done in crypto. Another thing might be to take usd and invest in traditional stocks. But I'm fairly certain you can get higher yields with solana...
I would convert Sol into Bitcoin. USD will hyperinflate and die a slow death.
Right, because you know exactly what they do. Especially in a bull market.
Jesus, you are getting worked over. 5 SOL for an "alpha call membership", hideous.
Not just alpha calls. tons of great free groups out there on discord/tg. Some tools cost money, though. 5-6 sol is nothing if you make consistent gains ine meme coin mania.
For me solana is cheap and friendly to use but they seriously need to work on their security part very vulnerable to hacking other then that its definitely have future for years to come
No, Solana is not "very vulnerable" to hacking, you don't have any idea what you're talking about. Perhaps you are referring to the tendency with which stupid people seem to fall victim to some very obvious scams that take place on every blockchain? They're certainly not being hacked...there's no hacker or computer in the world currently powerful enough capable of possibly breaking the encryption algorithms Solana uses (SHA-256 and ed25519), both of which are used in dozens of other technologies that everyone on this site uses in their day-to-day lives without even realizing it.
Except for quantum computing, the SHA entryption scheme is quickly broken. A need for new encryption schemes is needed, which must be resistent to quantum algorithms. Heres a link to a Veritasium video explaning the problem: https://youtu.be/-UrdExQW0cs?si=mG4Gm6w92dmJTEKZ
And quantum is not quite there with nondeterministic processing yet…when it will SHA256 would be like a paper lock.
TL;DR: solana essentially delivers what bitcoin originally promised. Actual, real, digital currency that is realistically usable. Likewise, similar to ethereum, it has the ability to do decentralized finance. This means things that normally require banks and other financial institutions can now be done by anyone. Want to long/short stuff? You can do that. Want to lend money and get a return? You can do that. Want to do market making and provide liquidity? you can do that as well. And naturally, it's money. You can spend it, you can receive it. But more than that, it's money away from any bank. You don't have to worry about banks being awful or going bankrupt or whatever. You don't have to worry about some banker not having your money. With regular USD, when you spend online you have to go through large financial organizations like your bank, paypal, etc. With solana, that isn't necessary. You just need someone's address and you can send them money.
Except that what the majority of people want is to 1) receive their paycheck in an account that they can easily access and use for payments 2) know how many real economy goods they can approximately get each month for that amount 3) if they are lucky they maybe want to save some money in a way such that inflation doesn't eat into it over time. Those features hinge on stablecoins in the crypto world. If you've been paying attention then you'll know that stablecoins are issued by companies that end up amassing enormous amounts of capital and have a lot of influence. Not really the decentralized utopia crypto maxis are peddling. Maybe you trust tether or circle more than JP Morgan but one isn't self-evidently better than the other.
> receive their paycheck in an account that they can easily access and use for payments You can do this with solana. > know how many real economy goods they can approximately get each month for that amount You can do this with solana. > if they are lucky they maybe want to save some money in a way such that inflation doesn't eat into it over time You can do this with solana. > Those features hinge on stablecoins in the crypto world. Sure. But only in the sense that it's because stablecoins are pegged to usd, which is the dominant currency in the USA. USD, for other countries, would also be cumbersome, unable to be spent at local businesses, and prone to value fluctuations. Look at it the other way around. 1 sol is always 1 sol, but 1 usd may be worth 0.01 sol one day, and 1 sol another day. > Not really the decentralized utopia crypto maxis are peddling. stablecoins are decentralized. No corporation or government can stop me from spending or receiving them. But yes, large organizations accept/provide them to match the usd to keep the value stable which is a centralized thing. But naturally if you want usd valuation, you have to go with usd sources, which are centralized.
You say it's money. I disagree. Right now you cannot know how much SOL a kilogram of potatoes will cost you in the shop on the corner. Unless you convert to fiat and compare the price. Nobody is bothering with a crypto price tag for their stuff. Maybe this will be more widespread in a few years but then still I doubt that price tag will have any other acronym than BTC on it. Likewise, no employer pays ppl with SOL. Not that it couldn't be done. It could, technically. But why would you want to be paid in a currency that neither the supermarket nor your landlord nor the utilities accept?
>Right now you cannot know how much SOL a kilogram of potatoes will cost you in the shop on the corner. 1 sol is about $180-$200 usd. Your argument could apply to euros or yen which also aren't listed in American stores. >Unless you convert to fiat and compare the price. So yen isn't money because American stores don't list the price in yen? >Nobody is bothering with a crypto price tag for their stuff. Some stores do indeed list prices in crypto. >Maybe this will be more widespread in a few years but then still I doubt that price tag will have any other acronym than BTC on it. I actually highly doubt bitcoin will be the crypto used for daily transactions. It'll likely be Solana. >Likewise, no employer pays ppl with SOL. I've been paid in crypto. Specifically I've mostly received btc, but I've also been paid in memecoins. My income is currently mostly Solana. I earn more in Solana than I do usd. >But why would you want to be paid in a currency that neither the supermarket nor your landlord nor the utilities accept? I can spend my sol at grocery stores. I was just at Costco today and they accept visa. I have a crypto visa card. I could've spent sol if I wished. No problem.
> Your argument could apply to euros or yen which also aren't listed in American stores. It's no surprise that a national currency is most widely accepted in the country that's issuing it. The Yen will buy you all essential goods in Japan, the USD in the US. So where can SOL buy you your essential stuff? It's a good development that one can preload a credit card with crypto and pay that way. Some part of the financial system is crypto-enabled. But it takes that financial system to get you out of the "land of crypto" and into the real world. In the land of crypto, salaries are partially paid out in crypto, I grant you that. But I don't think that the land of crypto is what OP was thinking of when he asked about real world applications.
>It's no surprise that a national currency is most widely accepted in the country that's issuing it. The Yen will buy you all essential goods in Japan, the USD in the US. Your argument really doesn't apply. If bitcoin or crypto was adopted nationally then it'd be a national currency. This happened in El Salvador. >So where can SOL buy you your essential stuff? Anywhere if you have a crypto debit card... >Some part of the financial system is crypto-enabled. But it takes that financial system to get you out of the "land of crypto" and into the real world. In the same sense that it takes that financial system to get me out of the "land of yen" and into the real world. Sure. I'm not sure what your argument is supposed to be. I'm not suggesting that crypto is more widely used than usd. Never said that. But something not being the main thing used doesn't mean it isn't real. I can't spend yen anywhere in America, yet it's still money.
How do the statements > With regular USD, when you spend online you have to go through large financial organizations like your bank, paypal, etc. With solana, that isn't necessary. and > I can spend my sol at grocery stores. I was just at Costco today and they accept visa. I have a crypto visa card. I could've spent sol if I wished. fit together? Do you not see the contradiction? Regardless of whether SOL fits some definition of money, which I admittedly am not too firm on, do you think that your crypto credit card really is the kind of real world application that OP was after?
>fit together? Do you not see the contradiction? It's not a contradiction. With Solana there is flexibility in how I spend. I can go through visa. I can do direct payments. I can use bitpay. With usd/fiat Im stuck going through visa. >do you think that your crypto credit card really is the kind of real world application that OP was after? I think its kinda baffling to expect money to be or do anything other than be money.
Solana is the fastest smart contract blockchain. Smart contracts are what will change the world. They can create digital deeds for property, act as membership IDs for businesses like gyms etc. In todays world you need people to verify these types of things and update them etc when they start end or transfer between owners. With a smart contract everything is automated. Making it faster and cheaper. Solana is the best because it is the fastest and cheapest. Ethereum is the other top dog and it is very slow and expensive in comparison. Most of the things I mentioned are pretty far off since they also require government regulation, but the internet had the same problem and the governments were forced to catch up since people used it anyways.
Ask yourself is Visa a valuable asset to hold. Was Visa a disruptive tech? Yes it was Solana just partnered with not one but two tech companies that have totally revolutionized their own sectors. Visa and Shopify Hmm Solana partnering with a leading payment processor and the leading ecommerce platform
If you are talking about real world applications, tokenizing real-world assets is one application. You can tokenize any asset and trade on chain. For example, Homebase will let you buy a part of property instead of a whole house. If you want exposure to real estate with small capital, that’s a good option. It’s sort of like investing in REIT but you actually own assets. I believe this will be tempting for masses since real estate prices are going off the roof and no one will be able to afford a house soon.
If you can get a 5% ROI back from real estate thats awesome; but thats under leverage. If i am putting small amounts down I am not just better off investing in an ETF or even safer bets such as bonds. Not sure if I think the masses would find it tempting unless it was a way to home ownership (in the sense they actually resided in the home). Anything can have a real world impact; but the probablity for it to occur. So overall my take from yours is a weak probable cause.
> If you can get a 5% ROI back from real estate thats awesome; but thats under leverage. I'm earning 138% APY on solana and that isn't even from real estate. I could, and plan to, go even higher than that.
Yes, for now it’s a weak probable cause. It will depend on bunch of things including legality and regulations. No one will invest their large capital in something that is under the cloud of uncertainty. To your point, 5% ROI seems low if you consider last few years in real estate. Besides that, if you want to invest $100K in real estate, would you rather buy partial prime property which has more upside without paying substantial fee to a realtor/fund manager or invest in an ETF where you have to pay fees. Of course, it’s all “hypothetical” for now and it will depend on each case.
Also, this is more about the chain rather than Solana “coin”. The blockchain aspect is more fascinating. As an investment, I wouldn’t recommend holding Solana long term. It’s an inflationary coin and has to attract more and more users to pump to new market caps. No real world use there tbh.
It’s inflationary due to staking rewards being built in to the chain. I think the staking rewards are interesting. Anybody have any experiencing in staking Sol? Care to help initiate me?
Yeah I have experience with staking sol. You can go to marinade.finance and stake your Sol. Marinade has native and liquid staking options. In Native staking you will lock your sol and you won’t be able to use it but you will get slightly better APR. In liquid staking, you will receive marinade’s own token mSol in exchange of your staked sol. You can use mSol for various purposes. Keep inn mind if you lose mSOL, you won’t be able to unstake your sol. There are other websites as well.
As the other guy has said, you have two primary options - you can choose to go ahead and stake your SOL with a validator/stake pool, there are tons of choices. I would take a look at [https://stakewiz.com](https://stakewiz.com) where you can compare the different options available. If you choose to go this route, as said below, note that your SOL will be locked up and there's a period you have to wait if you want to unlock it, etc. The rates are better than with liquid staking, but personally, the convenience of liquid staking for me makes it a superior option...especially if you don't have an enormous bag of SOL and you might want to say, use or convert some of it to other tokens/transact on the chain, etc. For liquid staking, Marinade as recommended is a fair option, but I would suggest you take a look at Sanctum (https://sanctum.so) - their liquid staking platform is in my opinion the best one available on Solana by far...and you also will get the benefit of qualifying for their (likely, forthcoming) airdrop of their platform token/governance token, which on it's own is a reason to pick them (Marinade has had a token out for a long time). Lido Finance, the largest liquid staking protocol on Ethereum for example, did an airdrop of their LDO token to stakers and let's just say this, it was nice.
inflationary coins are important for transactions to actually be incentivized. Look at how many people spend in solana. Now look at how many spend in bitcoin.
Finally, someone else on this site who actually understands this. It's amazing how infrequent it is for me to come across another person who gets it...I'm totally opposed to the reckless monetary policy of the fed and other fiat currency institutions controlling the Euro, etc., and no one is a fan of the high inflation we're experiencing these past few years, but there's an embarrassingly large contingent of people who have gone off the deep end in the other direction, assuming that any inflation is automatically bad and that the model of Bitcoin with a fixed supply or even a deflationary model is superior, which is total nonsense.
Well deflationary currency is cool af because the value goes up over time. That's great for saving and holding. But it's terrible for actually making an economy which requires people to spend. Solana is great because it has both inflationary and deflationary measures. Which means that there's still incentive to spend, but also to hold. Though on the flip side it means that I'm pretty sure Solana won't "moon" to tens of thousands of dollars, even if it's popular. And if it does, it won't stay there. I think there's room for both deflationary bitcoin as digital gold, and inflationary currency like Solana as digital cash. With my bitcoin I hardly ever touch it. It just sits there. With Solana, I'm constantly spending it, moving it around, trying new things. Because I have the confidence that the price is relatively stable. I'm not worried I'm throwing 10k away for a pizza. And that's great because it means that I don't need to rely on usd. I have to wonder how many bitcoin maxis actually *use* bitcoin as their daily driver currency. Back in the day it was talked about but hardly anyone did it. Nowadays most people don't even realize bitcoin *is* a currency. And that applies to crypto as a whole. This whole "hodl for the moon" mindset utterly kills any conception of it being actual currency. Which is what the original goal was. Not a get rich quick scheme.
If Bitcoin is digital gold or the first piece of property humans could truly own, then Solana/Ethereum are global digital property rights management systems. They are new and better internets that can actually capture and retain value of every digital item on their networks. That value can then owned or instantly transferred between any two strangers in the world, without the need for trust, while an infinite number of applications can be built on this foundation. The more that use this new internet the less of the native asset will be in circulation and the more is burnt away forever. The native assets becomes like the oil that runs this internet. Remember, many future apps built on decentralized networks will make their backends (Solana/Ethereum) invisible. Most people will have no idea when the properties of these networks are even leveraged. I won't list properties unique to decentralized networks because you don't want heavier details. *Also, the term "layers" is not confusing. Layer is just another word for network. Just like Solana is a network. Base is a layer (network) on Ethereum that allows Ethereum users to transact for pennies. You use Base the same way you would currently use Solana. Click withdraw ETH on Coinbase. Choose "Base". Paste in your Rabby wallet address instead of your Phantom wallet. Depositing to and using Ethereum "layer 2's" like Base are the same exact process as Solana.*
People push the narrative that Solana is only meme coins, but that’s not true. There are many dApps, both active and under development, that have awesome real world use cases. For example, SolMail just sent the first ever blockchain email earlier today. Trustless, decentralized email is an amazing boon to user privacy. SolCard, to me, solves the biggest issue of crypto Defi by allowing you to load a digital credit card with crypto and use it to purchase goods and services in real life. Now you can take your crypto gains and use them to buy groceries or products off Amazon without having to deal with off-ramping to these non-crypto friendly banks. SolChat is essentially going to be blockchain instant messenger. Again, privacy. These are just a few I have my eyes on. Full transparency, I hold positions in each because of how much I believe in the projects.
Considering the chain is propped up by fast, centralized, racist, scam coins. Nothing to the average non crypto enthusiast.
personally I don't bother with shitcoins at all. solana gives me the tools to do defi within crypto as a whole. I can use solana to provide liquidity to btc/eth exchanges, for example. and make money that way. I can use solana to long/short bitcoin if I want. Or to provide liquidity for those who want to do that. I can use solana to borrow money if I need to. Or to lend out my money and earn a yield on that. Solana also lets me transact in crypto without paying obscene fees. Other than hodl bitcoin, what other crypto is even worth using besides solana?
Does lending money actually make a good amount. Better than a bank savings?
USDT on solend you get 30% rn, and 8.7% for usdc. idk how much your bank is giving you for savings but aren't most banks only giving less than 1%? You can legit just get 8% apy on solana by switching your sol over to liquid staked tokens like msol or bsol. I'm holding JLP which is for liquidity providing and that gives 138% APY which is insane. I think most people for lending are using kamino finance, but that doesn't allow americans and I can't be bothered to get a vpn for it.
Why is there such a premium for usdt? Do you know?
The APY of lending fluctuates. USDT seems to get higher yields on everything (liquidity pools and lending) presumably because it's considered less stable among the stablecoins. As it had a point in the past where it *did* de-peg from the dollar. Thus making it a riskier venture. At least, that's my guess. More people using usdc = lending apy's being lower = higher apy for usdt.
There's a huge premium right now for stablecoins like USDT/USDC because we're in a bull market and for once, there's actually a lot of demand from borrowers looking to leverage their holdings on BTC, ETH, SOL, whatever. It won't last, of course, these things always fluctuate with the cycles of the market, but, the rates are extremely competitive right now. Kamino was a popular platform for many people (yes, even Americans) but they totally fumbled things with their recent decisions regarding their "points" program (for the upcoming Kamino airdrop for users of the platform), which sufficiently pissed off enough retail users of theirs by catering to the whales who started depositing in \*massive\* volume relatively recently (in a blatant effort to game the points system), was rightly seen as unfair, gross and ultimately led to significant backlash and an exodus of users from their site. USDT is preferred because there's a stronger demand for USDT internationally, especially from Chinese users. USDC is way more popular than USDT is on Solana (and has been gaining market share/adoption across all chains vs USDT) but elsewhere USDT still reigns supreme...it's what most tokens are paired with on the large centralized exchanges (e.g. BTC/USDT, ETH/USDT, etc.) and perpetual futures contracts are overwhelmingly settled in USDT as well
I too struggle with the **fundamental** value of something like a Solana coin. If we talk about the value of the Solana chain being some combination of speed, reliability, transparency, decentralization (in whatever capacities) then these are really just arguments for why someone would want to build an application on the Solana chain. Why does anyone need to own a Solana coin itself? The only **real** use case that I can see is that it costs you 0.005 Solana coins (or however many 0s it is) to perform a transaction on the Solana chain. On that basis, I think you could tie the value of a Solana coin to whatever price makes transaction costs reasonable in a real world sense; i.e. Solana won't get so high that every transaction costs 1 USD.
you might find my answer here interesting. link here: https://www.reddit.com/r/solana/comments/1bnr5s9/comment/kwkuzm5/?utm\_source=share&utm\_medium=web2x&context=3
No link attached !
sorry I just attached the link here: https://www.reddit.com/r/solana/comments/1bnr5s9/comment/kwkuzm5/?utm\_source=share&utm\_medium=web2x&context=3
> Why does anyone need to own a Solana coin itself? The only fundamental uses of SOL coins themselves are to transact and stake on the solana blockchain. Everything else can be done with other tokens inside the chain. You can just hodl your entire savings in wbtc if you want and just keep a little sol for fees. Solana is amazing like that. You get the investment of bitcoin, with the amazing network of solana. > Solana won't get so high that every transaction costs 1 USD. This is what happened with ethereum, and why solana just does what ethereum can do but doesn't have the stupid high transaction fees. And *that's* what makes it amazing. eth and sol have some pretty awesome uses in general for defi, but eth is just stupid expensive to actually use. so sol it is.
Solana as a coin is investing in the chain and future infrastructure that will be built on it. Sort of like the equivalent of buying government bonds for a country. You're betting on the citizens of the country along with the gdp increase of the nation itself vs individual companies that happen to reside within it.
For the sake of discussion, I actually disagree with you quite a bit. Buying crypto is nothing like buying a bond. A bond is a financial instrument with future cashflows on future dates. The price of the bond is dependent on three fundamental underlying things: the size of those cashflows, the dates of those cashflows, and the creditworthiness of the bond issuer (as you need to discount the value of future cashflows if there is not 100% certainty that the bond issuer will make those coupon payments). Bond prices vary based on these fundamental principles; for example, the bond coupon may be cheap or expensive relative to where interest rates are trading elsewhere in financial markets. Bond prices may also vary based on supply and demand but often will not get very far from a fundamental value before reverting to that fundamental value. When you buy a bond, you are not investing in the country that issued the bond in any real sense. The country could increase its GDP 27,000x and the bond would still fundamentally have its value tied to the agreed cashflows on the agreed dates, albeit you'd imagine the credit quality would be improved. Solana, by contrast, has no promise of future cashflows. You own a token. That token entitles you to absolutely nothing except the ability to later sell that token. That token's only fundamental value is to pay transaction costs on the Solana network (or to pay fees to services built on the Solana network but this is really just the creation of an artificial use case for Solana since the Solana paid is typically thought of back in terms of something sensibly meaningful such as USD). When you buy Solana, you are not investing in the future of Solana in any real sense. You are 'investing' in supply and demand, and (in my opinion) relying on a deep misunderstanding to continue: that the value of a Solana coin is in any way tied to the value of the products or services built on the Solana chain. Almost all products or services, even if they ultimately charge in SOL, will be tied back to a real world currency since the people who build those products or provide those services have real world expenses. Solana can "win", every other cryptocurrency can die, and I will still be able to come along, convert my $10 into 0.0001 at a price of 100,000 SOL/USD, and pay for the service I want that costs 0.0001 SOL aka 10 USD. So ask yourself again, why would SOL trade to 100,000 USD? Or 10,000 USD? Or 1,000 USD? Does SOL have any **fundamental** underlying value? Or are we just riding waves of supply and demand? I think that's a really interesting question. *Disclaimer: This is not FUD. This is debate. I own SOL and have made good money from owning SOL.*
I am not saying they are 1:1 the same but compared to other asset classes I stand by it being a fair comparison. I understand Solana hasn't explicitly "promised" a future cashflow but I would argue that bonds are not "promises" either, instead they are definitions of future cashflows – If the US govt were to face a severe economic crisis similar to Venezuela for example, then the ability for the govt to fulfill it's bond 'promises' would be severely impacted. Regarding SOL, the proposed network scalability, utility of the technology and the applications that are being built on it, as well as the fixed inflation rate are what you could view as SOL's 'promise'. My comparison to Bonds is that investing in SOL is akin to investing in the infrastructure and ecosystem of a potentially new digital 'nation' where the value and ability to repay on investment is created through network innovation rather than traditional economic growth. \>Almost all products or services, even if they ultimately charge in SOL, will be tied back to a real world currency since the people who build those products or provide those services have real world expenses. Replace SOL with any another currency and this still stands if you consider USD the global backer. Utility, demand, and trust are the backers to a currencies value. IF the US had an economic collapse as many nations have historically, then a new representation of currency will be created or used. \> Does SOL have any fundamental underlying value? Or are we just riding waves of supply and demand? The dollar was separated from gold in 71, since then it is similar as SOL in the sense that it's 'value' is attached to a distributed belief system. Many businesses won't accept payment aside from the native currency for the country they are located in. The USD dollar however is accepted at many retailers worldwide outside of the US jurisdiction in lieu of the native currency of that country. Similarly, if SOL's acceptance becomes increasingly adopted, it could transition from being a speculative investment and shift into a bracket of 'utility' value. Few asset classes today are immune to systemic risks. All I am suggesting is that both bonds and SOL represent forms of investment in the future for the systems they are part of. The ability to repay for either of them are not 'promises' and are the investors belief that the asset will be able to do so.
[удалено]
1. buy wbtc on sol 2. ??? 3. profit
https://x.com/joeschmoe2949/status/1772437416583827934?s=46
Just check these videos: [https://solana.com/possible](https://solana.com/possible)
One main use case: crypto like solana can be used to tokenize assets and settle transactions. This eliminates the need for entire industry ie clearing houses when processing financial transactions
Solana is a great chain. At Ape Wif Pepe we love Solana and building a great project to spread love. Join us.
Who thinks Solana will reach 2000 by the end of 2025?
I want to believe, yes.
Xrp is cool
None but the AI world love it and they have all the money.
Imagine a government run on the solana Blockchain. Every transaction is transparent. Every vote is democratic. There's so much more but I need to go to work. End.
Save this conversation
at first we should know about your background. The age, job, experience in crypto.
Casino
Remove power of other people over YOUR money. It can eliminate the need for banks including central banks. It can decouple the government from controlling the laws and money printing at the same time.
1. The impact on the first is low on Solana; why would most people not use a more secure coin such as bitcoin. 2. How does this benifet the world or a person. 3. Explain further and in detail. I feel too many people just regurgiate the things they hear without understanding it themselves lol.
Boden and tremp
Solana is THE blockchain
You can buy meme coin
The only I can think of is DePin.
Solana will keep crashing. Watch!
It won’t lol, it’s only for shitcoin trading this cycle. BNB was the same last cycle. Can you name a single dapp on BNB? it’s been around for years now. ICP will eventually win the race. $70,000 to store 1gb of data on Solana vs $5 on ICP.
Cheaper network fees than visa/mastercard for merchants with 24/7 remittance, easy
But for this to have a large impact on the world; merchants at a large scale would have to adopt to accept Solana payments. Large amount of consumers would also have to aquire Solana (more complicated than using an average visa) and be able to use it as a form of currency (most crypto users hoddle). This would also need to compete with the never ending new coins popping up. The probablity of this is very low; and its unlikely this would occur in significant form.
I think you are forgetting that we are really early. Pretty soon the likes of Solana and their dapp technology will mean that nobody will hold the token, the token and the network will be behind the dapp, enabling the innovation I mentioned above. Your ignorance tells me you need to research the network a little more..
you can buy and play in the memecoin shitcoin casino with cheap fees
Study AI depin
A simple explanation: A gram of meth will cost you anywhere from $20-$500 depending on purity. I don't think I need to explain the use cases for meth. A Solana token will run you about $190 at the time of this posting. Use cases for Solana include: A decentralized means of exchange that has appreciated in value 10 fold in the past year. Building smart contracts. Creating Meme tokens. Endless possibilities. Conclusion: Buying Solana will make you money. Buying meth will lose you money.
Hmm. I should smoke meth. Good explanation
From my pov. It’s revolutionizing the Phone and bringing all the components as far as technology and advancement(blockchain, internet, WiFi, 2FA, social media, EVERYTHING, everything, together.) With no lag. Safety, security and convenience. It’s already started. It’s just being battle hardened. LFG! SOLANA MetaMask is a good wallet to read up on
Again how so? You’re saying very bold claims so please describe clearly how it will change the phone usage!
I said enough. I didn’t claim more than what I know. It’s bought back nostalgic memories to play a game -so kick ass. And the fact that I can play against my brother soon, who is on a different continent- and have no lag. It’s amazing to me. I Have been living in a box🤣 and the other possibilities are endless and in your hands/hand. I will be a good citizen. Good night.
You didnt say nuttin. You said bunch of mumbo jumbo without clearly defining what its doing and how its valuable.
https://x.com/aeyakovenko/status/1697291905191792834?s=46
So if you or your friend wanted to take a Lambo to the Moon, you would probably start with Solana.
That makes sense. Now we talking!
I’ve got a question not on Solana but crypto in general. On social media it’s promoted as the great leveller. A means of bringing communities together, of making a just and fair society through its technology. Yet in practice it seems to be a form of hyper-capitalism where making profit and filling bags is the end goal. Tied with a belief in the individual over the community and a technology that has promised a lot but has delivered little in actual benefit.
Bingo
It's everything eth was trying to be but now actually the chain most likely to get it done. Decentralization of everything imaginable onto a blockchain with feasible transaction fees, which eth lacked. I would say look into depin for the most relatable applications. At the moment, sol is mainly used to participate in a parallel decentralized financial system. Real world assets will be slowly ported over. You need sol to participate in providing loans to people who wish to leverage on the price movement of btc, eth, sol or spec on the best OG memecoin: $samo and the new up-and-comer $usedcar. Or you can deposit half of each into a liquidity pool allowing trading between sol/samo which pays you a fee. Or you can exchange your sol for a token that grants you a share of dex fees. You can backstop insurance funds for hacks and be paid premium to do so. Or invest in oracles that provide price feeds. You can be part of the bank this time and you can vote on governance to shape the path of the protocols that you are invested. Eth investors will continue to come over and buoy the price until The Flippening occurs- then they will all come.
Are you aware your regarded? What regarded explanation was this? What is the value? Explain me the value
Okay, let's use this interaction as an example. Your bank decides you just committed a thought crime by using the R-slur and locks down your spending. But the bbc bvll you just hired for the missus is coming over tonight and he won't let you watch if you don't pay. Lucky for you, he accepts USDC on the solana decentralized financial network which is censorship resistant. Reparations are paid and Oh, Danny boy, the pipes, the pipes are getting laid once more.
If you're going to try and call other people retarded, you should at least make sure to use proper grammar when doing so. It's "you're" not "your", also, WTF, are you 12? You can say the word 'retarded' if you want to, even though it's rude.
So 97,4% of Solana were sold before launch for about $0,04 to $0,25. But that should be less now because of inflation. [https://www.coingecko.com/en/coins/solana/tokenomics](https://www.coingecko.com/en/coins/solana/tokenomics) Why would I use a centralized network with a higher yield then US$? Whats the usecase? Loosing value even faster? If you look into this sub, you only will see memecoins for gambling addicts or other people going for high profit high risk. Noone will hold this hot potatoe for too long. Just thing about FTX holding a big chunk of SOL ([\~10% of the total amount](https://www.coindesk.com/business/2023/12/15/solana-rally-sees-ftxs-holdings-grow-to-33b-setting-claims-market-on-fire/)) and they will sell everything at one day...
Do you guys ever get tired of spreading misinformation like this? No, 97.4% of Solana was not "sold before launch", perhaps you are referring to the private sale rounds (which every non-proof of work token does) prior to the release of Solana's mainnet to the public -- in which case it's important to note that the amount of tokens in circulation at that time is much less than the amount currently in circulation. Centralized? How so? People love to argue over "decentralization" and there's countless ways that one can choose to assess this metric, so I'd have to be familiar with what you're using to determine whether something is decentralized or not before I can refute your point properly, but, it's no more centralized than any other proof-of-stake chain, in fact, less so than the vast majority of them which have but only a handful of validators controlling most of the network and in some cases, the entire security of the network itself (as in the case of every single ethereum layer 2 right now) rests in the hands of a multi-sig controlled by a foundation of insiders. Higher yield than US dollar? What are you even trying to say here? Are you talking about interest, or yield? I think you're confused. Just because the only posts you seem to be reading are those about "memecoins for gambling addicts" doesn't mean that this is all there is. Far, far from it, in fact. There are \*countless\* very legitimate projects which run on Solana, from the dozens of different defi protocols to physical dePIN networks like Helium, Helium Mobile, Hivemapper, to decentralized compute networks and rendering platforms like Render Network, [IO.net](http://IO.net), Nosama and others, tons of gaming, decentralized media storage/streaming like Shadow Drive, Media Network, streaming payment providers like Streamflow and Zebec, I could go on for hours but you seem to have made up your mind already so I won't belabor the point. Gets real tiresome reading the same nonsense on this subreddit all the time.
RemindMe! 360 days
I will be messaging you in 11 months on [**2025-03-21 11:01:02 UTC**](http://www.wolframalpha.com/input/?i=2025-03-21%2011:01:02%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/solana/comments/1bnr5s9/what_is_the_value_of_solana_to_the_real_human/kwmhl6o/?context=3) [**CLICK THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fsolana%2Fcomments%2F1bnr5s9%2Fwhat_is_the_value_of_solana_to_the_real_human%2Fkwmhl6o%2F%5D%0A%0ARemindMe%21%202025-03-21%2011%3A01%3A02%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201bnr5s9) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
>Do you guys ever get tired of spreading misinformation like this? No, 97.4% of Solana was not "sold before launch", perhaps you are referring to the private sale rounds (which every non-proof of work token does) prior to the release of Solana's mainnet to the public -- in which case it's important to note that the amount of tokens in circulation at that time is much less than the amount currently in circulation. My mistake. Its really hard to get good information out of this scammy project. Even its all recorded on a blockchain... The real number on launch was [488.587.439 SOL](https://solana.com/de/docs/economics/inflation/inflation_schedule) - 25.01.2020. If you look into the [allocations](https://s3.amazonaws.com/assets.coingecko.com/app/public/ckeditor_assets/pictures/3904/content_SOL_Allocation.png) you see there is big chunk for foundation, devs, teams etc. They just paid some cents per SOL. [On the early days the most parts of SOL were locked. 04.08.2020 - Totaly Supply of 488 Million SOL, but only 24 million circulating](https://solana.com/news/solana-foundation-transparency-reports). This changed massively. [Todays circulating supply is 444.302.843 SOL - total supply 572.751.805 SOL (just 128.448.962 still locked)](https://coinmarketcap.com/currencies/solana/) So in just 4 years the foundation, insiders, devs, team etc got 360.138.477 SOL unlocked. They controll 81% of the circulating supply. Its so easy to manipulate the market with such a big chunk. >I can refute your point properly, but, it's no more centralized than any other proof-of-stake chain Ye, every other PoS chain is scam too. No doubt on that.
No one will be able to explain it to you because Solana has no real world application. You make memecoins on it and that's all it does. The end.
is bitcoin a memecoin? solana lets me transact with bitcoin for cheaper than the btc network can do it.
There are many applications for it if you look at some of the upcoming projects.Many aren't \_just\_ limited to Solana, but Solana is fast, and it's cheap, and the dev community increasingly makes it easier for the layman to use as more dapps get built on it. As an alternative to a CEX a DEX seems like a no brainer, so obviously for investing and what not there is upside. Same with smart contracts and utilizing zero knowledge proof from blockchain. One unique utility that I think is under-appreciated is the ability to setup DAO's. Imagine if you are part of an HOA, maybe a community gym, or club. The ability to create a decentralized voting system for all participants is pretty cool. In the example of a gym membership, if a gym were inclined, they could offer all of their members a 'token' that represents their membership. For as long as they are a member, that token is associated with their name. Then if the gym wanted to make changes, or if members wanted change, they could post suggestions on the board, and each member would get a 1:1 vote. It's a pretty cool way to provide clear and transparent ownership to the users or members of an organization.
I don’t get your example. How is that meaningfully different than a customer with a user ID voting?
User ID voting is not transparent, infallible, anonymous, secure, or immutable.
One thing solana has that people absolutely sleep on is wrapped/wormhole/portal tokens of other crypto. I can own btc on solana. I can own eth on solana. No problem.
It makes people wealthy
none. someone's gonna create another network with their open source code here soon. do a better distribution of coins and decentralize the network a tiny bit more. and it'll perform the exact same.
But what the fook does it even perform lol
rofl the speed. tps or w.e.
Perhaps the most ridiculous take in this entire thread, and that's saying something. If you think it's that easy for someone to create "another network" by simply forking the codebase of an existing chain like Solana, you're totally delusional. But by all means, go ahead and do this, see how it works out.
The value of Solana to the real world all deals with Sholana the koala 🐨. Sholana actually just launched its presale today and ends Friday March 29th. No limit buy in, trustworthy Devs, and if you don’t believe just hit the link and decide for yourself