You are viewing a single comment's thread from:

RE: The Guy - Is Having One Good For The Blockchain?

in LeoFinance2 days ago

InLeo would be great on Solana although I'm not sure if it would be technically possible.

When thinking about the last couple of years, I've experienced 1000% more node issues & downtime than on Solana! 😅 And I've been using both daily. See you are perhaps not very active on Sol, it's actually very stable these days and the apps are quality ones and don't look like made in granny's basement 😀.

No wonder devs favor Solana:

Sort:  

In Solana there is already a DSCVR which is similar to Facebook (although it originally came from ICP). Unfortunately the only way to earn is to rely on tips (upvotes don't earn anything, just numbers). However, DSCVR has held several Airdrops (free NFTs, tokens, or points).

Hey, thanks for sharing this! I need to check it out. 👌

No, I am not active on Solana at all. I don't have a reason to be. I don't chase casino vaporware coins and that is pretty much all it's for. There was too much crap going on with it in the beginning that I never cared to look back at it. I only use crypto with true fundamentals and infrastructure behind it. Basically Hive is my only DPoS coin anymore, and I use it to get more Monero, Litecoin, and Bitcoin, which I use to buy the things I need in life.

Nah, it's much more than casino coins. That's just what's showing outside to those who aren't using it. That's just the stuff that makes headlines.

I get Bitcoin, but why buy Litecoin & Monero though? What to do with those?

Monero is private and actually fungible where Bitcoin is not. It allows me the ability to hide my transactions, account balance, etc from any prying eyes by default, not using some extra feature. Basically the actual closest thing to a true digital cash we have. Bitcoin is easily tracked and traced, especially if you have ever used that address with a KYC account like sending funds from an exchange. They can also freeze these funds if they think it has ever been used by sanctioned addresses. You may not know where your BTC comes from, or what it's history has been but they can totally trace it using Chainalysis. It doesn't matter one bit with Monero, because they can't find it, and when they upgrade to their new full member proof feature, there will be NO way for Chainalysis and the IRS to track it, at all, which they have both admitted. The only way they can track it now is by using IP addresses of nodes they control. So run your own node and use a VPN which one should be doing anyway, and you are perfectly safe. Not to mention that it is a CPU mined ASIC resistant coin. This gives anyone with a computer the ability to mine it. I actually have 2 old macbooks running it along with about 4 other computers built for the purpose of mining. No popularity contests for votes like Hive or other DPoS chains. Just hook up the machine, or just launch the mining software when you are not on your computer and start mining.

As for Litecoin, it is faster than BTC, way cheaper on transactions, and is accepted in all the places I use crypto. Basically the silver to bitcoin's gold. Also it's a very easy way out of Hive using Tribaldex with no minimum needed for withdrawal. They have also implemented privacy features with Mimblewimble as a side chain, allowing people to transact privately. It still has the limited supply at 84 million, so it is a scarce asset. It is also merge mined with DOGE which gives extra hashrate and security to both chains. Plus I mine it... It's been around since 2011 with no issues, shut downs, or hacks, so it is essentially just as secure as Bitcoin.

Remember, there are those of us that still believe in building a better economy overall, not just chasing fiat gains.

I can definitely take a second look at it. I know it was added to my favorite leverage trading DEX as a blockchain option, but I normally use BSC for that because I can earn Hive and swap for BNB, lol. But I did see too where SOL was added to Tribaldex, so to be fair, I will take another look and possibly give it a try.

Actually, I had to use Solana for a USDC transfer not too long ago (like a couple of months ago with Polygon was going through it's transition from MATIC to POL), and the transaction failed multiple times. So needless to say, I wasn't impressed.

Under certain conditions, SOLANA will sometimes experience such issues. Such as when many users claim Airdrops, massive purchases of memecoins, etc.