Helius

BIG RELEASE Announcing: Transaction WebSockets at Lightspeed You can now stream transactions in the most flexible and lowest-latency way physically possible and add magic to your apps. Only possible on Solana.

L1 scalability is cypherpunk! As the goal is WIDESPREAD adoption of self-empowering technologies! This is best achieved by giving everyone direct access to the L1 Because L1 capacity enables privacy tech like mixers & ZK-proofs, while L2s only push more people into custodians!

While certainly disappointing, an arbitrary number of outages as thresholds for support are nonsensical. You need to identify and understand the root cause of each outage in isolation as well as the overall culture that leads to it. Solana favours safety over liveness. This means when there's a discrepancy or failure the chain halts rather than continues with an inconsistency. This is painful and frustrating to users and disheartening to all in the moment, but it ensures consistency of the global state. Separately I think it is fair to say that today's issue is in part because of the many feature developed in the past two years and the backlog and tech debt created as a result. Many were delayed because of the focus on stability and spam control, now things like Token22 (aka Token Extensions) are finally being released we are seeing massive churn and volatility in the living being that is the validator client and runtime. This sucks, and it would be wise to now focus on a period of stability, heavily limiting the introduction of new features and prioritizing the stabilisation of existing and incoming code changes and further enhancing the chain's resilience to adverse events. This is where I think the focus should lie now. Ultimately Solana is pushing boundaries and innovating rapidly and there is a reason it maintains the Beta tag on Mainnet, because we're still pushing out features at a very rapid pace. The technology and intent are good. Commitment, at least for me, comes from that mindset, a focus on building the absolute greatest blockchain system in the world, and that is necessarily a painful process at times.

Monero dumped significantly upon news it was getting delisted from Binance. The delisting is not good, as it makes an essential sovereignty tool harder to access for average users. But in the end, it's only an early warning. Every freedom-oriented crypto (should be all of them) needs to be on as many DEXes as possible, especially cross-chain AMMs: @THORChain, @Maya_Protocol, @Chainflip, @SeraiDEX (which is being seemingly built for days just like today!). Will Monero be okay? I think so. It has a robust community of users and plenty of tools to use it. But we'll all breathe a sigh of relief when the CEX world finally collapses. It's an attack vector.

It is disappointing to see SOL go down today There is a correct balance to be struck between innovation & stability; this is not it I will investigate the cause of this outage in depth later However, if SOL goes down more than twice this year, I will drop my support entirely!

It’s very simple, I’ll abandon $ALGO when it no longer makes sense to use DeFi on Algorand. $SOL $SUI and others are fine options. Also excited for what opportunities can be found with $VOI

If you truly cared about the blockchain revolution Then you should be willing to abandon your favorite cryptocurrency when its time comes Otherwise, you will be left behind with the others defending dinosaurs We have to put cypherpunk principles above any three-letter acronym!

I'm sorry, I hate to say, but I agree with @Justin_Bons. Build it, and they will come, they say... #SOL built it, and come they did - bots and all. Bots may inflate perceived usage, but whether you like it or not, # of bots has become a metrics of growth & usage. Don't be upset because your (our) favorite chain is a ghost town. After all, anon, what are you really doing to spread the usage of your favorite blockchain-- and is it for honest reasons or are you just hoping to pump your bag? I think it's key to remember that - relatively speaking- ALL of crypto is a ghost town. There is NO mainstream usage or adoption. This will come with time. IMO - the next bull market will be a paradigm shift and it's important for us all to speak up and speak out about WHAT we use and WHY we use it. I am a huge advocate for @MultiversX, but what laid my foundation was my pursuit and advocacy of financial freedom, blockchain and #BTC. Bitcoin may be flawed, but it's the crypto that 99% of people have heard about. Instead if pointing fingers and painting this emerging industry with negative, spend your time being constructive! Onwards and upwards! 🫡

I think it’s funny how people think that @Justin_Bons’s firm possibly having invested in Solana somehow invalidates his opinion. Like they’re not shilling their bag? And so what if he is? That’s called putting your money where your mouth is and having skin in the game. If he has changed his mind about Solana and now thinks it’s a quality protocol, it would make perfect sense to buy some. This is true regardless of whether I agree with his analysis.

@Justin_Bons Everyone criticizing @Justin_Bons here is forgetting he’s one of the few people in crypto willing to articulate a thesis and reevaluate his conclusions when new information arises. If you think he’s wrong, talk to him youtu.be/e7hUe3Giilw?si…

Instead of criticizing SOL, alt-L1s should emulate it Yes, I am talking about you, ADA, HBAR, ALGO & EGLD! Upset about the amount of bots? Attract more bots! Upset about low fees enabling arbitrage? Lower the fees! Try & learn from SOL's success instead of blindly attacking it

I asked ChatGPT how it would infiltrate a decentralized project and take it over for their on benefit. This was the response. 👇👇 - First, I would identify some examples of other decentralized projects. These are platforms that allow people to exchange, lend, or create value without intermediaries or censorship. - Second, I would infiltrate these projects by becoming a contributor, a developer, a moderator, or a leader. I would use my skills, charisma, and reputation to gain trust and influence within the community. I would also try to acquire as many tokens as possible, either by earning them or buying them, to increase my voting power and stake in the project. - Third, I would secretly create or join a network of other power-hungry individuals who share my goal of centralizing the project. We would coordinate our actions and strategies to undermine the project's decentralization and autonomy. We would also try to recruit or bribe other influential members to join our cause or stay silent. - Fourth, I would use various tactics to manipulate, divide, and distract the community, such as: - Spreading misinformation, propaganda, and FUD (fear, uncertainty, and doubt) about the project's security, performance, or vision. - Creating or exploiting conflicts, controversies, or scandals within or outside the project. - Sowing discord and distrust among the community members, developers, and leaders. - Promoting or supporting alternative or competing projects that are more centralized or controlled by us. - Launching or sponsoring attacks, hacks, or exploits on the project's infrastructure, code, or funds. - Proposing or supporting changes or upgrades that would reduce the project's decentralization, transparency, or governance. - Voting or lobbying for decisions that would benefit us or harm the project. - Fifth, I would wait for the right moment to execute my final coup, when the project is weakened, divided, or compromised enough to be vulnerable to takeover. I would use my network, influence, and tokens to seize control of the project's key assets, such as: - The domain name, website, social media accounts, or communication channels. - The smart contracts, code repositories, or development teams. - The funds, liquidity pools, or treasury. - The governance system, voting mechanism, or consensus algorithm. - Sixth, I would announce my victory and declare myself the new leader or owner of the project. I would justify my actions by claiming that I did it for the good of the project and the community, or that I had no choice but to do it. I would also try to appease or silence any dissent or resistance by offering rewards, incentives, or threats. - Seventh, I would consolidate my power and authority by making changes or rules that would ensure my dominance and control over the project, such as: - Removing or replacing any members, developers, or leaders who oppose or challenge me. - Changing or disabling the project's decentralization, transparency, or governance features. - Centralizing or restricting the project's functionality, access, or usage. - Increasing or imposing fees, taxes, or penalties on the project's users or transactions. - Censoring or deleting any content or data that is unfavorable or harmful to me or the project. - Eighth, I would enjoy the fruits of my labor and reap the benefits of controlling the project, such as: - Having access to and influence over a large and loyal user base and community. - Having control over and ownership of a valuable and powerful platform and technology. - Having the ability to create or destroy value, wealth, or opportunities for myself and others. - Having the power to shape or change the future of humanity.

Thanks @Justin_Bons and @DBCrypt0 for a well informed discussion. As a reader I am only going to get enlightened. Hoping to see more of these in future. Justin - I know you love eGold too. Its just a matter of adoption bro. It has everything that it takes to be in top 10

Regardless of your thoughts on ANY blockchain or project Hopefully all can see that a civil and productive debate can be had WITHOUT attacks I respect @Justin_Bons for his in depth knowledge and time spent researching We may disagree and not see eye to eye at times, but attacks are never called for Let’s keep it respectful and aim to grow and learn from each other 💪 This goes for myself as well at times 😁

The attacks on my character & reputation after posting the facts about SOL's TPS are shocking They cannot handle SOL's success! Let me break it down for you: 2732 TPS - consensus TXs = 1138; now deduct "failed TXs" - 60% = 455 TPS That is still more than all other blockchains!

1k TPS is a drop in the ocean of the world's demand for Web3. The Internet can't run on a single server. The Internet of Value can't run on a single monolithic blockchain, no matter how fast and willing to sacrifice decentralization. The endgame is ZK singularity: ⧫ Thousands of permissionless hyperchains with thousands of TPS each; ⧫ ZK proofs for each block of these chains aggregated recursively into one; ⧫ Finalized on the most decentralized, credibly neutral settlement layer (gm Ethereum!); Every single one of millions of their transactions verified by every single user on their smartphone, in under 1 second (if every user can't verify it, is it really a blockchain?) TLDR: ZK enables unlimited scaling with zero compromises (yes, long-term we can solve data availability problem too; most data will be hosted by end-users). But what about UX and liquidity fragmentation? Every user of these chains will be able to transact with any contract or user on any other chains seamlessly – in seconds, with no extra costs or trust assumptions. It will take just one wallet confirmation and confirm instantly, similar to how we can send an email today from alice@any_domain.com to bob@any_other_domain.com. Liquidity will flow freely between ZK hyperchains, without the need to trust validators of those chains or bridges in-between. Some of these chains will be private and privacy-preserving (run by banks and financial institutions), but still seamlessly interoperable with the rest of the ecosystem. This will create orders of magnitude larger network effects for liquidity than what the world has ever seen onchain. How cool is that?! This vision will become reality on Ethereum in 2024. Ask me anything about it. #ZKisTheEndgame

As it stands now, ETH has made ZERO commitment to on-chain scaling It sends the wrong signal as good investors operate on facts, not trust ETH used to be committed to sharding; now, there is no guarantee of based roll-ups, ZkEVM, or gas limit increases That is not good enough!

Would @PeterMcCormack, @walletofsatoshi, or @jackmallers care to comment?

When people make excuses for Bitcoin being slow and expensive, they say it's because "decentralization" and L2s will work just fine. Show them this. Yeah, not working out so well. 😬

7/7) At this point, it is obvious that the blockchain trilemma has been solved Yet most are still stuck in the old paradigm that enforces false limitations on the technology; holding us all back Wake up & smell the roses! Monolithic scaling is the future & the future is now!

6/7) By breaking up the workload between multiple machines, sharding can keep node requirements low Unlike "L2 scaling", sharding enshrines all activity under the same consensus algorithm! This is what allows for perfect interoperability, composability & security between shards

1/7) We can scale blockchains massively without sacrificing decentralization! That is why "L2 scaling" does not make sense Why would you sacrifice UX, composability & fragment liquidity otherwise? It is all based on the false assumption that the L1 is inherently unscalable: