Solana Alameda & FTX: Decentralization's Crossroads by dynamicrypto

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @dynamicrypto · Oct 4 '23 (edited)

$3.44

Solana Alameda & FTX: Decentralization's Crossroads

# A Close Look at the Interwoven Web

https://i.imgur.com/XaEXEsI.jpg

In the vast and dynamic world of blockchain, certain chains have emerged as potential game-changers. Solana, celebrated for its performance and decentralized claims, is a prominent name. However, when delving into the core, we find intricacies that raise pertinent questions. Concurrently, Hive, born from a tumultuous past, stands as a testament to resilience and community-driven integrity.

## The Allure of Decentralization Marred

Solana, in recent times, has gained widespread acclaim for its high transaction speeds and impressive capabilities. Touted as a decentralized solution, it is crucial to understand the intricate web it is part of. Solana is built by engineers from Alameda Research, which is owned by FTX, a major cryptocurrency exchange in recent news if you remember Sam Bankman-Fried. This connection raises questions about the extent of decentralization and independence that Solana truly embodies.

The intertwining of Solana and FTX brings to light potential conflicts of interest and financial co-mingling. How can we ensure a level of impartiality and genuine decentralization when there is such a close-knit relationship between a blockchain and a major exchange? Also donating millions to U.S. Government Officials Campaign Funds and speaking on compliance while they were squandering investors money.

## Centralization Beat By Community, A Tale of Triumph

In the annals of blockchain history, the 51% attack on Steem marked a pivotal moment. Justin Sun's acquisition of Steem and subsequent control over a significant portion of the network showcased the vulnerabilities inherent in centralization. However, it was this very event that propelled the community to unite and seek refuge in a more democratic and community-driven solution - Hive.

Hive, arising from a hardfork of Steem, became a sanctuary for the community, a testament to the power of unity and decentralized governance. It showcased how, even in the face of adversity, a community could rally together to create something powerful, lasting and incorruptible.

## A Beacon of Integrity and Innovation

Amidst the shifting sands of the blockchain landscape, Hive shines as a beacon of hope and integrity. Hive was not just a reaction to an attack; it was a response to a need for a truly democratic and decentralized platform. Its resilience in the face of adversity highlights the power of a united community.

Hive's path to innovation is one of integration and collaboration. Rather than dwelling in isolation, Hive focuses on integrating omnichain solutions, fostering partnerships with legitimate networks. This approach ensures a more comprehensive and sustainable blockchain ecosystem, where collaboration is key and inclusivity is paramount.

## Upholding the Principles of Decentralization

As the blockchain landscape evolves, it is crucial to uphold the fundamental principles of decentralization. While chains like Solana boast impressive technical capabilities, it's equally important to scrutinize their underpinnings and ensure they align with the decentralized ethos.

Hive, forged from a turbulent past, stands tall as a testament to the power of community and decentralization. It showcases the possibility of building a thriving ecosystem that fosters collaboration, inclusivity, and integrity. In the grand tapestry of blockchain, let's champion chains that embody the true spirit of decentralization and work together to create a future where collaboration reigns supreme.

---

## Innovating Web2 & Web3 is Hive (Web5)

While other chains tout of reputation scoring and monetized content in Twitter spaces we did that several years ago and have new innovation like monetizing all your favorite Socials without asking you to leave them! Simply link your favorite social like YouTube, Twitch, Twitter, Blogs and more with [Hive-Tube.Com](https://hive-tube.com/) to your Hive Wallet and enjoy automatic publishing of your social content onchain earning several cryptocurrencies. Built by innovators like @kencode & @agorise

Posted Using [LeoFinance Alpha](https://leofinance.io/@dynamicrypto/solana-alameda-ftx-decentralizations-crossroads)

👍 dhedge, jim888, definethedollar, kencode, tokenpimp, nextgen622, deepresearch, sbi5, newigennity, asgharali, hope-on-fire, ffcrossculture, enginewitty, dibblers.dabs, tokencav, da-dawn, agorise, killerwhale, manniman, x40l1n, silvergoldbotty, wenchebakken, mythix, mythix.market, psyberx, atnazo, thebighigg, crypt0gnome, katrina-ariel, bitcoinman, simplegame, thecryptopimp, jemmanuel, mythix.token, rumplestiltskin, angiel, torran, catotune, hive-131578, publicview, chain.games, warofcriptonft, superbad, jakkal, freyamber, lunamoon, khaldeesi, pimptoken, leslierevales, vetfunding, monchhichi23, anonyvoter, butthugs, antdroid, bellelynn, psyborg, thesummoner, lord-of-the-d, bi0digital, ambiguity, anomallies, jk6276, jt15822, nism, and 67 others

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@bitcoinman · Oct 4 '23

$0.10

Hive is the !PIMP chain

👍 dynamicrypto

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dynamicrypto	0 B		235,605,139,940	75%

@dynamicrypto · Oct 4 '23

!PIMP Chain indeed!

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@thepimpdistrict · Oct 4 '23

<center>
<sup>You must be killin' it out here!</sup>
<sup>@dynamicrypto just slapped you with <b>1.000</b> <b>PIMP</b>, @bitcoinman.</sup>
<sup>You earned <b>1.000</b> <b>PIMP</b> for the strong hand.</sup>
<sup>They're getting a workout and slapped <b>1/3</b> possible people today.</sup>

<img src="https://images.hive.blog/DQmWH3SUfgfADfqzyyTQ1WhpeA3tS5PNo8gQYGeTzYVpqmA/PIMP.png" alt="pimp_logo">

---
<sup>[Read about some PIMP Shit](https://peakd.com/hive-111011/@enginewitty/pimp-v30) or [Look for the PIMP District](https://discord.gg/VrDubcEqd4)</sup>
</center>

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@thepimpdistrict · Oct 4 '23

<center>
<sup>You must be killin' it out here!</sup>
<sup>@bitcoinman just slapped you with <b>5.000</b> <b>PIMP</b>, @dynamicrypto.</sup>
<sup>You earned <b>5.000</b> <b>PIMP</b> for the strong hand.</sup>
<sup>They're getting a workout and slapped <b>2/2</b> possible people today.</sup>

<img src="https://images.hive.blog/DQmWH3SUfgfADfqzyyTQ1WhpeA3tS5PNo8gQYGeTzYVpqmA/PIMP.png" alt="pimp_logo">

---
<sup>[Read about some PIMP Shit](https://peakd.com/hive-111011/@enginewitty/pimp-v30) or [Look for the PIMP District](https://discord.gg/VrDubcEqd4)</sup>
</center>

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@kencode · Oct 4 '23

$0.14

Wow, thanx for the shoutout @dynamicrypto 💪🤠 
 
Hive-Tube powered streaming sites have come a long way over the past couple years indeed. It can auto-import and syndicate your streams to multiple networks p2p from more than 20 different remote sources now like: 
 
![](https://files.peakd.com/file/peakd-hive/kencode/Eo8ZdC9CmerzyBSDBGAZn9hKuj5XKoXrWH7EFowoYELr6X6NKimTjpCC9CRhRVZjyKt.png) 
~ 
![](https://files.peakd.com/file/peakd-hive/kencode/23tcNzjr2kqJPPpibBDUeXPqJ3YgTmVBRc2iHQLMWnM1L3QZL1JZF5Vf3TGjvQJG4Pw5e.png)

👍 dynamicrypto, mercadomaestro

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@dynamicrypto · Oct 4 '23

$0.36

Thanks for adding this, attempting to combine some truthbomb about Solana to get more eyes on Hive and the awesome innovation here many of you have already built!  Thank you

👍 kencode

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@kencode · Oct 4 '23

$0.07

You and @mercadomaestro should collab, he's got dirt on them too iirc 👍

👍 dynamicrypto

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1 reply

@mercadomaestro · Oct 4 '23

$0.13

So, the thing about Solana, is that it was built to be exit liquidity for FTX, in the event of FTT going bottoms-up, in my opinion. The insiders were all Alameda/FTX. They controlled the blockchain validators, and they shutdown the chain multiple times to do "maintenance."

Not saying blockchains are perfect, but no one holding any SOL tokens could sell to get their money out if they wanted to. Solana comes across as permissioned and untrustworthy.

👍 dynamicrypto

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@dynamicrypto · Oct 4 '23

indeed it is absolute trash yet people pour their money into it!

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@mercadomaestro · Oct 4 '23

People will do anything for money, that's the issue. They aren't focused on building a viable business with a sustainable model. Hive is the closest thing to that I've found so far

properties (22)

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`percent_hbd`	10,000
`post_id`	127,716,941
`net_rshares`	0

2 replies

@rafzat · Oct 4 '23

$0.06

Hive is really doing well and I'm glad about this 
Let's keep it up!

👍 dynamicrypto

`author`	rafzat
`permlink`	re-dynamicrypto-2023104t83217879z
`category`	hive-167922
`json_metadata`	{"tags":["hive-167922","solana","ftx","alameda","pimp","neoxian","hivelist","ctp","vyb","leofinance"],"app":"ecency/3.0.43-mobile","format":"markdown+html"}
`created`	2023-10-04 07:32:21
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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
dynamicrypto	0 B		158,600,457,653	50%

@thebighigg · Oct 4 '23

$0.08

I agree with you and @bitcoinman , very !PIMP

👍 dynamicrypto

`author`	thebighigg
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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
dynamicrypto	0 B		193,823,263,025	62%

@dynamicrypto · Oct 4 '23

!PIMP Chain!

properties (22)

`author`	dynamicrypto
`permlink`	re-thebighigg-kjjqzdrk
`category`	hive-167922
`json_metadata`	{"app":"leothreads/0.3","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@dynamicrypto/re-thebighigg-kjjqzdrk","isPoll":false,"pollOptions":{}}
`created`	2023-10-04 17:11:57
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@thepimpdistrict · Oct 4 '23

<center>
<sup>You must be killin' it out here!</sup>
<sup>@dynamicrypto just slapped you with <b>5.000</b> <b>PIMP</b>, @thebighigg.</sup>
<sup>You earned <b>5.000</b> <b>PIMP</b> for the strong hand.</sup>
<sup>They're getting a workout and slapped <b>2/3</b> possible people today.</sup>

<img src="https://images.hive.blog/DQmWH3SUfgfADfqzyyTQ1WhpeA3tS5PNo8gQYGeTzYVpqmA/PIMP.png" alt="pimp_logo">

---
<sup>[Read about some PIMP Shit](https://peakd.com/hive-111011/@enginewitty/pimp-v30) or [Look for the PIMP District](https://discord.gg/VrDubcEqd4)</sup>
</center>

properties (22)

`author`	thepimpdistrict
`permlink`	20231004t171206094z
`category`	hive-167922
`json_metadata`	{"tags":["pimp","tokenpimp","pimpbot"],"app":"pimp-bot/4.0","format":"markdown"}
`created`	2023-10-04 17:12:06
`last_update`	2023-10-04 17:12:06
`depth`	3
`children`	0
`last_payout`	2023-10-11 17:12:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	582
`author_reputation`	12,323,334,046,351
`root_title`	"Solana Alameda & FTX: Decentralization's Crossroads"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
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`net_rshares`	0

@thepimpdistrict · Oct 4 '23

<center>
<sup>You must be killin' it out here!</sup>
<sup>@thebighigg just slapped you with <b>1.000</b> <b>PIMP</b>, @dynamicrypto.</sup>
<sup>You earned <b>1.000</b> <b>PIMP</b> for the strong hand.</sup>
<sup>They're getting a workout and slapped <b>1/1</b> possible people today.</sup>

<img src="https://images.hive.blog/DQmWH3SUfgfADfqzyyTQ1WhpeA3tS5PNo8gQYGeTzYVpqmA/PIMP.png" alt="pimp_logo">

---
<sup>[Read about some PIMP Shit](https://peakd.com/hive-111011/@enginewitty/pimp-v30) or [Look for the PIMP District](https://discord.gg/VrDubcEqd4)</sup>
</center>

properties (22)