Are these Criticisms About Solana (SOL) True?

Lucid expressed: Just for everybody out there who doesn’t already know this. Solana is a centralized organization that runs everything inside of a couple of computers controlled by venture capitalists who are extremely known for being greedy turds.

The centralization allows for a little bit of faster transactions but you are sacrificing your own freedom and security going for a venture capitalist funded pumper coin. I’m just one year this centralized banking system has been turned off multiple times locking people in.

I would even go further saying that it isn’t a blockchain at all. At least not one by my standards. I congratulate anybody who is made money off the coin but making it your go-to for blockchain technology and placing all your value into that system is a gamble with a lot of Risks.

You’ve seen how the governments and certain platforms have been trying to silence and block everybody that doesn’t agree with them. For a centralized chain all it takes is one email from the Fed and it’s game over for everybody in that system.

Whereas Cardano is an actually decentralized blockchain with thousands and thousands of stake pool operators all working together to decentralize your value and keep it safe from outside attacks. Cardano has been running perfectly for over 4 years making it the most secure chain.

Others who had their own say: Solana heads only care about slowing down what they could be doing on AWS directly without a Blockchain. They enjoy being worker bees for this strange masochistic hive of VC honey. They think their network is fast, but it could be faster without a Blockchain infrastructure.

When I learned that they bake in all confirmations to gauge transaction speed that’s when I really looked under the hood.

Well it’s only centralized when they want to turn it off and back on again, otherwise it’s totally fine.

Left Wondering:

• Who are the venture Capitalists?

• Centralization and faster transaction?

Previously, Pencilflip.SOL gave an insight to the concern?

Is Solana centralized? There are three main reasons why people say Solana is centralized: 1. Expensive to run a validator 2. Token distribution 3. Only one blockchain software client.

IMO it doesn’t matter how much it costs to be a validator—it matters how many validators there actually are, and what the Nakamoto coefficient is. Turns out Solana’s Nakamoto coefficient is pretty high (19 validators required to halt the network). 19 may not sound like a huge number, but it’s higher than Ethereum’s Nakamoto coefficient. The NC for PoW Ethereum is 3 and for PoS Ethereum it’s 4 (source is a bit outdated, not sure exactly what it is now).
Another thing people like to claim is that all of Solana’s validators run on AWS/GCP/etc. This isn’t true! For example, only 66/1386 validators run on AWS.

Also, some people run a Solana node from their homes.

There’s another variant on this argument that says the cost of running a non-validating node is the metric that really matters.

Basically, it goes like this: – If you control more than 2/3 of the stake, you can produce invalid blocks – But, if users are running full nodes themselves, they will ignore these invalid blocks – So even if validators are compromised, the network can recover (e.g. be forked)

Eventually, the analysis ended stating, Centralization is a spectrum, not black and white. Solana is more decentralized in some aspects, and more centralized in others.