{"id":12816,"date":"2025-02-13T05:03:23","date_gmt":"2025-02-13T05:03:23","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12816"},"modified":"2025-02-13T05:03:23","modified_gmt":"2025-02-13T05:03:23","slug":"solana-has-many-flaws-claims-crypto-fund-founder","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12816","title":{"rendered":"Solana Has \u2018Many Flaws\u2019, Claims Crypto Fund Founder"},"content":{"rendered":"
\n

In a thread shared on X, Justin Bons\u2014Founder and Chief Investment Officer of Cyber Capital, a fund he describes as Europe\u2019s oldest cryptocurrency fund\u2014set out a pointed critique of the Solana blockchain. He accuses<\/a> Solana of suffering from numerous flaws, including repeated network outages, centralizing pressures through demanding hardware requirements, and what he views as a non-deterministic model that sacrifices reliability for speed.<\/p>\n

Solana Has Flaws, But Is Still Leading<\/h2>\n

Bons conceded that Solana had shown improvements over time\u2014especially in addressing outages\u2014yet emphasized that blockchains \u201cshould never go down,\u201d even in experimental stages. He drew attention to a trend of \u201csignificant congestion events\u201d resulting from network scheduling bugs and issues with the QUIC protocol, while also stressing that sandwiching and MEV (Maximal Extractable Value) remain an \u201cunsolved problem\u201d industry-wide.<\/p>\n

Bons described Solana\u2019s hardware demands as particularly burdensome: \u201cThe biggest hardware cost by far is RAM, with 256GB of EC memory! This costs thousands of dollars\u2026\u201d Although the high cost of staking further compounds these barriers, Bons acknowledged that it continues to maintain more than 1,400 validators.<\/p>\n

He criticized what he regards as a \u201cbroken local fee market\u201d leading to degraded user experiences but expressed optimism that these issues would be resolved this year. Regarding Solana\u2019s non-deterministic design, Bons argued it creates \u201cless than a 1% chance of a TX failure,\u201d but labeled it a structural inefficiency and waste. He also questioned the continued sponsorship of validators by the Solana Foundation, noting that while it was valuable during Solana\u2019s initial growth, \u201cthe time has come when this should be discontinued\u2026 SOL can stand on its own now.\u201d<\/p>\n

Even so, Bons made it clear that he has moved from being a critic to a \u201csupporter,\u201d asserting, \u201cSOL is a permissionless & sufficiently decentralized blockchain<\/a>\u2026 BTC & ETH cannot provide this service at scale. That is why SOL is eating their lunch & while carrying on the cypherpunk torch.\u201d<\/p>\n

The remarks prompted a direct response from Solana community developer Jo\u00e3o Mendon\u00e7a, who highlighted that the blockchain\u2019s frequent pursuit of performance sometimes leads to near-breaking challenges. Mendon\u00e7a stated, \u201cSolana is pushing every single limit known to this industry\u2026 it still has a >99.9% uptime with more than a year record of no stoppage of block production.\u201d<\/p>\n

He believes additional occasional \u201caccidents\u201d remain possible until the network has multiple software clients<\/a>\u2014currently, the majority of stake runs on a single client\u2014yet he maintained that Solana has continued to evolve. Mendon\u00e7a also addressed the perceived centralization, stressing that high hardware requirements do not necessarily impede users\u2019 ability to run nodes for verifiability.<\/p>\n

According to him, node configurations can be stripped down to more modest requirements for those who only need to track the chain, reducing barriers to broader participation. He noted that all major blockchains employ incentives similar to Solana\u2019s Foundation-funded sponsorship program in order to help bootstrap validator networks, observing that the Solana Foundation<\/a> Delegation Program (SFDP) already declined from around 20% to about 12% of total stake.<\/p>\n

Bons replied by underscoring that, while the presence of multiple clients might indeed reduce future network downtime, such outages should not be excused. He also reiterated skepticism about Solana\u2019s non-deterministic approach, arguing it leads to an \u201coptimistic model instead of a deterministic one,\u201d which he believes reduces transaction reliability.<\/p>\n

Mendon\u00e7a pushed back by suggesting that Solana\u2019s design \u201cprioritizes speed to the user, pain to the developer\u2026 just how it should be,\u201d and that halting the system prevents potential state corruption when significant issues arise, at least until multiple clients can secure network redundancy.<\/p>\n

At press time, SOL traded at $192.<\/p>\n

\"Solana<\/div>\n","protected":false},"excerpt":{"rendered":"

In a thread shared on X, Justin Bons\u2014Founder and Chief Investment Officer of Cyber Capital, a fund he describes as Europe\u2019s oldest cryptocurrency fund\u2014set out a pointed critique of the Solana blockchain. He accuses Solana of suffering from numerous flaws, including repeated network outages, centralizing pressures through demanding hardware requirements, and what he views as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":1,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12816","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12816"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12816\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}