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2/6) A consequence of PoH is deterministic block creation: There is a good reason why public blockchains before SoL did not take this route Non-deterministic block creation adds to security & censorship resistance as you cannot predict who will create the next block
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3/6) Instead in SoL it is possible to predict & therefore attack the next block producers inline For instance attacking the next 100 validators inline instead of attacking the entire network This attack also works regardless of scale, thereby severely reducing SOL security
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4/6) SOL security is not just reduced against DDoS attacks since this attack can also be combined with a 51% attack Allowing an attacker to temporarily gain proportional staked control over the network by attacking other large stake holders These are all consequences of PoH!
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5/6) Combining Turbine with PoH leads to even more dire consequences: Turbine divides the transaction memory pool into small groupings of validators This means that with PoH you can censor transactions by just attacking the specific validators in that grouping next inline!
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6/6) This is just one aspect of SOL's design that exposes the bad faith of its creation Prioritizing attracting ignorant cryptocurrency investors over good sustainable blockchain design There are many examples like this in terms of design as well as lies & fraud, buyer beware
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Indeed, that is the point that many miss. What is more concerning is that a project like SoL will never be able to stand on its own. Without the decentralized foundations it might never emergently grow to support true decentralization beyond the influance of its founders.
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Because ADA is fundamentally flawed too. Theory with no application. Key point was their failed smart contract launch
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This guy has been whining about Solanas market cap growth all year and this is just his latest desperate attempt to scare people. Solana survived yet another DDOS attack AND it never went offline. If anything, thats positive.
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Just a matter of time & scale. SoL also has been attacked multiple times now. Maybe this thread will give other people some ideas.
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I read this in entirety. You’ve got some strong points, but I wish you’d have offered some solutions beyond “this is fucked”. I know it’s not your job but I need a little more inspiration and don’t have as much thought crime time as I used to.
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As a SOL outsider I would say just use a different blockchain. As an insider I would have to take a hard look in the mirror & pivot development to a design which would have more in common with ETH. That is a hard turn to make & something their investors would not be happy with.
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> 1/6) Solana was DDoS attacked again yesterday > This attack exploited fundamental design flaws which are considered features by SOL you got any data to show there was a DDOS that resulted in a physical link failure? or resource exhaustion even?
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misrepresenting what was written it's clear that "there is a good reason why public blockchains before Sol did not use deterministic block creation" is what was intended
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- 7k followers - timeline full Vitalik moonboy mode - suddenly a thread on DDos on Solana with no links whatsoever Idk man.. at least share some sauce?
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I have been covering Solana for a while now:
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Justin Bons
@Justin_Bons
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1/6) In early April 2020 the Solana team stated that the total circulating supply was 8.2M. When in reality the total circulating supply was above 20M! Marking the start of a long series of lies, fraud & deception by SOL The following story is all based on verifiable evidence:
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Sola-na >>> Na Sola! In my local dialect this literally means “a fraud”! Thanks for the info, I never even wanted to know about Na Sola. Just for the name saying all already! Rolling on the floor laughingFace with tears of joyGreen heart
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A critique of ETH is not a defense for SOL. If ETH does not scale to meet its demand in time it will lose my support as fast as it first gained my support in 2015.
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As far as I understand it AVAX has non-deterministic block production So this is indeed not a problem for AVAX
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Wait so the network gets "DDoSd" (straight bs, conveniently left out your evidence) and still does more than 700 TPS? Interesting
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Ahh yeah, I can take this part over if you want. Smart contracts coming soon! ADA never had a DEFI exploit so far. Clearly superior tech! #ADAto1KEOY
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The scary part is that those events are not attacks. It is usually an IDO where everyone wants to be first and send thousands of transactions to the leader of the validators through UDP. So IMO a real attack would do even more damage
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ETH will eventually die because it's unusable to most people. SOL will keep getting even better, keep attracting the best dev teams and achieve mass adoption.
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Thanks for sharing! I guess while they remain sort of the leader among the “ETH killers” every misstep like this widens the gap and gives the ETH ecosystem more time to reduce gas fees to increase desirability
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Interested to see reactions to this. The narrative of “nobody cares about decentralization” may be true here. Sol sees deterministic block creation as a feature, but recognizes it as an inherent design flaw?
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Great finding but it is not difficult to surmise that Solana sacrifices decentralization and security for speed. What is difficult to comprehend that so many rich, wealthy and intelligent folks are misguiding all of us Thinking faceThinking face. Sol product innovation is guided by price innovation
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The problem with this criticism is you’re obviously not an unbiased critic so it’s hard to give it much attention. The fact that your last 500 tweets are retweets of Vitalik kinda suggests you MIGHT have a little agenda you’re pushing there. Perhaps carrying a yuge bag of Eth?
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OMG Still SOLANA on attack... That P of History...didnt know abt that..1st time i tweeted abt Solana was WHEN I THOUGHT there was prtnership wd SKALE..was told i was wrong... now wd these attacks, association wd Solana is what then?? 'Even looked up PoH, seems flawed as well??
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Nothing to write home about. Not to be salty but we all knew stuff like this was going to happen considering how their consensus works
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SOL survived. And it is still the cheapest, fastest block chain. Maybe you are a USD millionaire, you have no idea how people from developing country are going to use a block chain that cost half their monthly income for 1 transaction. SOL is still the most scalable now.
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Decide yourself: Egld vs sol
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Wesley Kress, MBA, MSOM © High voltage sign
@WesleyBKress
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1/Before I ever settled on @ElrondNetwork $EGLD I studied the entire space of smart contract Blockchains. Read all white papers multiple times. Trying to understand the trade offs. This was long after I read 100’s of hours on the #ETHOS of Blockchains, the trilemma, & DAO’s $SOL
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SOL like many others is just another cowboy chain with no real world enterprise use. Just a bunch of cowboy dapps, speculation and hype.
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Quote Tweet
Wesley Kress, MBA, MSOM © High voltage sign
@WesleyBKress
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1/Before I ever settled on @ElrondNetwork $EGLD I studied the entire space of smart contract Blockchains. Read all white papers multiple times. Trying to understand the trade offs. This was long after I read 100’s of hours on the #ETHOS of Blockchains, the trilemma, & DAO’s $SOL
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An important thread about #Solana TPS, consensus and transactions:
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Ed n' ₳da
@EdnStuff
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1/22 Some perspective on #Solana TPS. On September 14, 2021 Solana said that it had encountered a denial-of-service disruption caused by a surge txn loads, reaching as high as 400k attempted txns per second, that overwhelmed its network and led to its longest downtime yet.
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Understand the sentiment, but can’t scream this about Solana and whisper the millions hacked during Ethereum’s early days. This thread isn’t supporting the overall body of blockchain. Not the right approach but useful to some.
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