Bankless Do We Hate Solana?
Dec 6, 2023
The discussion tackles the ongoing debate surrounding Solana's fundamentals versus those of Ethereum. Key points include Solana's zero transaction fees and its unique governance model focused on user experience. The hosts delve into the sustainability of various Layer 1 networks and the complexities of blockchain economics. They also address community perceptions and the rivalry between the Solana and Ethereum ecosystems, advocating for a more inclusive dialogue in the crypto space.
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2019 ETH Criticism
- In 2019, the Bitcoin community argued that ETH was merely a gas token.
- They believed users would only hold the minimum ETH needed.
Solana's MEV Strategy
- Solana's strategy is to not profit from transaction fees but from MEV.
- This transfers value from SOL holders to Solana app users.
Adapting to Market Conditions
- Acknowledge and adapt to the current crypto market conditions.
- Solana excels in UX, attracting users during the bull market.