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DoomPosting
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Degens Deteriorating
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Beware the high follower count crypto influencers

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tbf entire crypto market is not pumping yet

entire crypto market edging while waiting for the majors to make up their mind whether they’re about to hit new aths

a few new coins are booming… but so far each of those proving illusory, for various reasons, not what they seem, not representative of wider trend

not quite yet

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pumpfun coins

world was a better place when it was harder for men to launch coins

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So $PUMPAI dude totally fumbled it, in a dozen ways

Like launching the first man into space,

and then your rocket blows up half way because you actually have no clue what you’re doing

Bot kept dying, bot had surprisingly horrible trading insights, dev couldn’t keep the bot running for more than a few hours, dev just going to sleep for 90% of the time

Total trainwreck

Pumpfun really has the laziest crowd on all sides

But this often happens, first dudes arriving at some next big thing being wildly incompetent,

Quickly steamrolled as soon as someone competent comes along

We’ll see who can do this without fumbling it in every way imaginable

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POV: the ground is pumpfun

(Underground caves suddenly collapsing)

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Ethereum forgot crypto’s reason for existence, the raison d'être

= automatically-verifiable trustworthiness

Funny thing though…

Solana’s success here

…feels like it was 100% on accident!

Zero Solana design motivation docs ever saying that they intentionally designed solana to guarantee that the code of arbitrary memecoins could always be instantly and automatically verified as safe or not for minting, taxes, freezing, draining, and all the other potential technical attacks.

Seems like they totally succeeded here on accident.

Not to mention, vast majority don’t even seem to have realized that this has been perhaps the top reason for Solana’s success.

Instant automated safety verification, for a wide range of attacks.

Notice how no tokens ever get “audited” anymore on Solana, versus how they constantly were on Ethereum?

Solana’s biggest succcess arose from pure accident, I bet.

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Bam, there it is, the smoking gun

Solana did not proactively make the brilliant choice to force essentially all tokens on their platform to be verifiably safe against a wide range of attacks

This forced trustworthiness came from somewhere else

= byproduct of a technical limitation, which arose from their persuit of extreme TPS scalability

Basically, their high-scalability architecture required specifying the code of all programs involved in transactions up front,

Which makes it a pain for every token to use their own token contract code,

Which effectively forces all tokens into reusing just 1 or 2 smart contracts,

Which then enabled instant verification of safety for arbitrarily many memecoins - because they’re all using the exact same small set of code, and the data-defined per-token settings are trivial to inspect.

Bam.

Solana’s biggest design win was pure accident, purely arising from persuing a totally unrelated goal.

Zero evidence AFAIK of them ever making automated safety verifiability a primary goal, or goal at all in their design.

Knew those SBF funded-retards hadn’t intentionally done something so smart, and then proceed to never even talk about it.

Pure accident confirmed.

Solana retard strength.

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Solana really is the tard-strength chain

Both Solana and Bitcoin having some kind of automated safety-verification, able to automatically verify whether coins will get inflated to zero, or frozen.

Solana getting it right through pure accident, not even meaning to do it, accidental byproduct of something else.

Ethereum horribly failing on automated safety verification, with their auditor commie committee BS. Absolute security nightmare.

Neither Solana nor Ethereum the right long-term solution… but at least Solana allowing some kind of automated safety verifiability, even if severely crippling flexibility, for now.

Sorry Ethereum everyone hates you now. Deserved. Solidity is pure hell.

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Oh, ok there was a Solana whitepaper,

though unclear exactly when it was written.

But let’s double check if there was any mention of this kind of extreme-lockdown, for automated safety verifiability, all coins on the whole platform using the exact same 1 or 2 smart contracts.

Let’s see if that was really an explicit design goal from the start.

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Yeah, their whitepaper, their early press,

No matter what I look at, seems no hint that extreme lockdown for security / enabling automated safety verifiability was an ever explicit design goal of Solana at all.

Can’t find that written by the Solana team anywhere.

And they HAD written a ton about their scalability design goals

Yeah, feeling good about my theory that their accidental coin-safety-verifiability killer feature was practically entirely an accidental byproduct of their extreme scalability pursuits.

At least as of 2019/2020.

Happy to be proven wrong, and see any of core Solana ever laying this out as an explicit goal.

Still finding nothing along those lines.

Accidental success.

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bro you had the first AI memecoin trader livestream, and you totally blew it

…by not even keeping the bot online for 1 day

pumpfun crowd really are next-level jeets, all of them

though tbf, from my stats, right now no one other than pumpfun seriously launching new memecoins now

probably will change real fast real soon, keeping a close eye

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