“Solana is a scam”: a software developer post on Reddit criticizing the blockchain network goes viral

A software developer going by Tldrthestoryofmylife criticized Solana on Reddit. He states that the project isn’t decentralized and could be replaced with an SQL database. Moreover, he calls Solana a scam.

“Solana is a scam: I knew it from the second I heard the CEO of the development company describe the “network switch model” of “doing one thing (high scalability and throughput for dApps) and doing it well.” Here’s my reasoning: I work in the tech industry, and I can show you a ledger that can scale faster and for cheaper than Solana right now. Moreover, it’s more stable, and you’ll have next to no problems using it b/c the underlying tech has already been in use since the ’70s! It’s called a SQL database. It can handle millions of TPS even without complex scaling schemes, and it gets faster as you add more machines to it. You can run pretty much any financial application you want on top of it with no problems b/c, in fact, all of traditional finance is already built on top of it. Instead of using a complex language like Solidity or Rust, developers can literally use JavaScript. You can even log into it with your Facebook account!” he stated.

Also, Tldrthestoryofmylife pointed out that Solana has “a closed validator set, a closed-source protocol, and a literal Discord channel where it’s openly and explicitly scheduled network shutdowns with validators whenever it became inconvenient to fight D/DoS attacks.”

“Solana clearly wasn’t built in the makings of a blockchain, which is decentralized by definition; my point is that you could build pretty much the exact same UI/UX with a SQL database as a storage backend, and you’d have no loss in uptime or security (if anything, those would be better!),” he emphasized.

Tldrthestoryofmylife`s post became viral and achieved 7.2k views and 1500 comments.

SOL token fell in its price to $35 (32%) within the last seven days, according to CoinMarketCap. The record price was on November 6, 2021 ($260).