THELOGICALINDIAN - Solana SOL was put in the spotlight afterwards a blow from a big tech investors podcast such as Chamath Palihapitiya showed them badinage about affairs SOL with discounts and their intentions for its approaching Many saw this as an accessible archetype of adventure capitalists manipulating prices on the bazaar and added damaging projects
The podcast ALL-IN is hosted by Chamath Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg. The arguable blow is from episode cardinal 50 area they sat to allocution about “Crypto advance abysmal dive, Facebook’s bigmouth fallout, Chappelle’s new appropriate & more”, as the appellation reads.
Chamath tells Calacanis jokingly “That’s area you’re ambuscade all that Solana, beneath your eyes. You bigger bright that Solana position, what’s your lock-up, 24 months? (…) He’s aggravating to advertise it to me on argument messages. We’re agreement discounts”. The chat follows up like so:
As Chamath Palihapitiya joked about accepting discounts to buy Solana, Twitter users got affronted over the abstraction of giving the affluent alike added advantage -with discounts to dump on retail- central the crypto environment.
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The adventure was appear over a anniversary ago but got all the absorption afterwards Chamath Palihapitiya revealed his co-leading position in Syndica, an basement developer company, with an $8 actor Seed Round. They are absorption on architecture a “scalable developer infrastructure” for Solana: Web 3.0’s billow infrastructure.
Now users affirmation that Venture Capitalists are the ones manipulating the amount of tokens on the market, appropriately pumping and dumping: authoritative a lot of revenue, again biconcave the value.
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There were added suggestions from users who cannot see “any aisle to decentralization for SOL”. The accepted anguish is that the activity is decentralized but the SOL aggregation is not, ultimately depending on a centralized arrangement area the affluent accept the bigger allotment of the pale and the ability to cast it over.
Related Reading | Why Bitcoin, Ethereum, And Solana Are Posting Major Gains In The Market
Other users claimed the appear blow was taken out of ambience to actualize FUD (meaning: fear, uncertainty, and doubt) about Solana. Its admirers accept been calling it the best another in the crypto bazaar and are agog about its fast blockchain, because it a able Ethereum competitor.
Calacanis aloft the catechism on what would be the best time for allowance a position on assets they invested in early, “What’s enough? 100X? 500X? You gotta at some point coffer a win.”, to which the added investors responded:
But would the accepted user advance in the approaching of article that depends on the affluent chief whether they accept abundant affected affiliation over it?
