 | By the numbers, Solana is one of crypto's worst projects. SOL supply inflated 68% in three years. SOL SUPPLYJan 2021: 261.9 Million Feb 2024: 441.8 Million 180 Million New Sol spanning a 37-month timeframe. Messari captures period in question Solana's posted inflation schedule is adrift from reality. The asterisk symbol is its only truthful piece of information. So let's follow it and see where it leads. EPOCH YEARFrom Solana Official Docs: Solana's annual inflation is currently 5.515%. Note that this is an 'epoch-year', or ~ 180 epochs. Okay now WTF is an epoch-year? An easier explanation than this. MEANWHILE ON PLANET SOL On Planet Sol, a year spans 180 epochs. 1 epoch = 2.5+ days. Epoch years range 450 to 630 Earth days. See for yourself. Actual inflation rate will vary But hold on. "Non-stakers pay stakers?" What's that about? Merits a closer look. NON-STAKERS PAY STAKERSNew SOL issue pays Validators. Solana rewards remaining new issue to Stakers. Problem: New SOL inflates currency and fee burn's insufficient. Solution: Reward shields Stakers from inflation. Non-Stakers get no reward. Non-Stakers pay for inflation. They become the yield for Solana stakers. Non-Stakers Pay Stakers. DYNAMIC TOTAL SUPPLYFor those who asked, No, Solana DOES NOT have a fixed supply. Its MAX supply is like a moving island that flows upstream. By 2032, Solana expects to circulate around 775 Million SOL 775 Million SOL in circulation by 2032 Solana's definitely a performer. Smart investors can earn so long as they're mindful of its tokenomics issues. Over the last 12-months, 1000% ROI.???? SOL to $1000;CAP to $441 Billion
Solana's current fee structure guarantees it can never compete with Ethereum. Solana isn't collecting enough in fees CLOSED-SOURCE CENTRALIZATIONEtherscan is an open book for crypto projects. Right down to the source-code. Go on Solscan and good look finding any open-source code. High node count and active devs are canceled out by Solana's closed-source smart contracts for:
One person can change the code at any time without notice. This is the same as CeFi or proprietary apps; not crypto or open-source. One of Solana's own Dev's called them on it. [link] [comments] |
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