Sublime

A government or hacker that wanted to censor transactions on Solana, would need to control 33% of the network, which could be done by taking control of the top 21 validating nodes—a theoretically easier feat than thwarting the hundreds of thousands of computers it would take to halt Ethereum transactions. The catch is that making it so anyone can r... See more

Crypto is designed to break down barriers, allowing the best money to rise to the top. We see this behavior in stablecoins, where >99% of stablecoins are US dollars. There isn’t a whole lot of organic demand for fiat currency #109. Many people are artificially restricted from holding dollars offchain, which is a major reason for the success ... See more

Enter Yakovenko. Unlike Buterin, who is more a theorist and researcher than a coder, Yakovenko wants to do whatever it takes to onboard billions to crypto with a blockchain so fast it could rival traditional finance. “He doesn’t care about white papers. He doesn’t care about academia,” said Solana investor Kyle Samani, a managing partner at Multico... See more

From a Bitcoin maximalist’s perspective, the VCs were playing three-card Monte.

Andreessen’s counterargument is that Dorsey is a hippie moron. No techno utopia is coming. The blockchain is nothing more than a new technology, and technology makes the world better in small ways that add up to big advances for everyone.