ashpool
11.5K posts
Folks, the spotlight has been fun reporting on the FTX estate's solbags, a role I somehow filled by default, due to the lack of credible information. Here I will take my leave from this job. This will be my last post on the topic, as I find this chapter is coming to a close.
- Question: so did Solana Foundation ever *really* burn the 11M SOL that The Bons has been going on about? Short answer: YES. Had to sift 3M+ signatures to find it. But here it is: solana.fm/tx/45pGoC4Rr3f…
- Mcap = Circ supply x $/ea = 0.4287B x $260/ea = $111B. Is it the math or the rounding that is problematic for you?
- Looks like of the validators, about 30% of a required 80% supermajority are online and waiting. This episode sucks, but truly incredible to watch the validators rally, and it's *all for us*. Saying thanks to @ShinobiSystems @GenesysGo @CertusOne @cryptomeleabs + countless others
- People don’t like solana, whether it’s the token, the early supporters, or its implementation. But one thing is undeniable: it’s a distributed, massively parallel supercomputer. You write Rust, splat it down to BPF and shove it into the aether. It works. That’s worth something
- Replying to @skin_et_bone and @KyleKashuvThis is 💯 percent correct… For those who don’t know: see playlists to learn any subject from a genius you’ve never heard of
- Aaaaahh I'm trolling "Solana is too centralized" - only uses Metamask w/ default RPC node; has never run a full node - builds dAPP that wholly depends on Infura - Stakes coins exclusively w/ Kraken, Lido or Stakefish
- For all the talk about solana's centralization, few will acknowledge that of eth's ~5000 mainnet nodes, a full 2/3 are hosted, 50% with AWS, 17% of which is in a single data center in Ashburn, VA. As it was said by venerable eth guy "they are a party to your network."
- 1/ Alright, so it's all coming back to me now. A more detailed look into the Alameda/FTX SOL stake accounts follows... This is the big one, so get your🍿
- FTX estate is staking 5.5M SOL🚨 🚨 🚨 🚨 🚨 5,546,217 #SOL (121,255,031 USD) transferred from unknown wallet to unknown new wallet whale-alert.io/transaction/so…
- gm Binance took 2M SOL from their cold wallet and delegated to Solflare validator. Stake currently activating on epoch 477 solana.fm/address/4f77K3…
- An sneaky onboarding approach: - @MadLadsNFT transcends L1 cultural boundaries - User's experience @tensor_hq OB-style NFT dex - Users quietly acquiesce that Solana is a damn good, rock solid chain
- I read this paper on MEV, and it introduced this concept called the Herfindahl-Hirschman Index (HHI). It's a measure of how competitive a market or industry is. For Ethereum PoW mining it measured HHI = 0.545 => oligopoly recvc.com/mev-2-0-the-ri…
