I know Bitcoin. Supply is defined by blocks every 10 minutes, supply is cut in half every 4 years and you can exchange your BTC for whatever you want, given that the counterpart agrees. Ive been in the space for +10 years, just saying I get this one coin but…

With Solana, I do not know much. Are SOL like bitcoin, to trade for goods and services? store of value? why would a SOL be worth 50 today and the same one 5000 a few years later?

tshnks

  • FrontalLobeGang@alien.topBEnglish
    1·
    10 months ago

    Yes, the price will go up, but SOL is not a store of value, it’s a system that is transparent, fast, low cost, and becoming more decentralized. People can build cool stuff on top of it that you can’t really do on Bitcoin (at the moment) such as HiveMapper, like a decentralized Google Maps. If Solana keeps getting better and can do things better than other chains people/companies will need SOL to build on Solana.

    Also one beautiful thing nobody talks about is SOL does not compete with Bitcoin. Bitcoin is the king for storing value over time, and Solana is positioned to become the blockchain to transact on in a decentralized transparent manner.