Row 10523

Row ID: 10523 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 10523 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

>Can't that happen to Sol?

Sure, if we can rewind time to 2020/2021.

Back then, ppl were less skeptical of crypto, had tons of helicopter money, no FTX or Luna history, the Fed suppressed interest rates at zero, etc. It is hard to get all of those conditions at once again.

Plenty of ppl made stupid amounts of money. Many lost it. Now those who kept it, many are just in capital preservation mode. It is the same with Bitcoin and Ethereum. A lot of Bitcoin capital won't move to Ethereum because they made it and want minimal risk exposure.

It is still possible for Solana if it can pull something fresh like ETH did with DeFi/NFTs. It got to be fresh that ppl can't see the potholes like they do now with DeFi/NFTs. And it got to be interesting enough to make believe it is the next catalyst of mainstream adoption. And Solana got to beat ETH in getting there to capture the first batch of mindshare and get stickiness.

Right now, I don't see anything like it anywhere in crypto. If it does happen, I have a feeling it is easy for ETH projects just to copy immediately. Already now you see ETH doing copycats of Solana Saga phone and SolChat, etc. ETH had a huge lead in DeFi/NFTs last cycle. So SOL not only have to lead in those areas but ETH must be a laggard in catching up. All in all, it is a herculean task.

Basically, lots of ETH ppl got rich from a lot of "bad experiments" in the last cycle. Now they are rich and they are keeping it there. Other chains can't run those same experiments to get the same level of liquidity because ppl now realize a whole lot of it is just BS in the end.

FieldValue
text >Can't that happen to Sol? Sure, if we can rewind time to 2020/2021. Back then, ppl were less skeptical of crypto, had tons of helicopter money, no FTX or Luna history, the Fed suppressed interest rates at zero, etc. It is hard to get all of those conditions at once again. Plenty of ppl made stupid amounts of money. Many lost it. Now those who kept it, many are just in capital preservation mode. It is the same with Bitcoin and Ethereum. A lot of Bitcoin capital won't move to Ethereum because …
label r/solana
dataType comment
communityName r/solana
datetime 2024-05-20
username_encoded Z0FBQUFBQm5Lakw1TTVVR1FvOTZZVU0taHZPNm1LZ1FnRThFNVJxbFdXcU0wMEw2bFF5RUZjcjNNNGszMGlQbERQR0hGcjQzMzVQSW5qSVR0eWpLNlFuc0VWS0tKanZxZ1NpVmtwbElQcFljVGpWbC1wYkpSZHM9
url_encoded Z0FBQUFBQm5Lak9KRU1aTy1OTlhtZm1OOVJfY2YzamRfR0FBZkRRSk1zLWlWdGdBZWI4T3ktLVRtck4waFk4ZDhTVnk1ZDEyMkNGd2luWTJSSUZBclFVNm96YXlHY0oyU1lWQ0lJdGVYZlJZV2ZVWlZFWDBQcXhOaXJDcG9IaTYxdHVpcmcxWmVDWUgteUlLTGg1RlZCdTZKcUVLSUtZNXE4LWVtaXpOZ1NTcXRWQ0hhaUUzUDd3MFdEQXZDTWNRZjYyLVFTTGY5Y1pnci1iRmpwVEtKWFlwWHdoYWd3Q0ctZz09

Raw Record

{
  "text": ">Can't that happen to Sol?\n\nSure, if we can rewind time to 2020/2021.\n\nBack then, ppl were less skeptical of crypto, had tons of helicopter money, no FTX or Luna history, the Fed suppressed interest rates at zero, etc. It is hard to get all of those conditions at once again.\n\nPlenty of ppl made stupid amounts of money. Many lost it. Now those who kept it, many are just in capital preservation mode. It is the same with Bitcoin and Ethereum. A lot of Bitcoin capital won't move to Ethereum because they made it and want minimal risk exposure.\n\nIt is still possible for Solana if it can pull something fresh like ETH did with DeFi/NFTs. It got to be fresh that ppl can't see the potholes like they do now with DeFi/NFTs. And it got to be interesting enough to make believe it is the next catalyst of mainstream adoption. And Solana got to beat ETH in getting there to capture the first batch of mindshare and get stickiness.\n\nRight now, I don't see anything like it anywhere in crypto. If it does happen, I have a feeling it is easy for ETH projects just to copy immediately. Already now you see ETH doing copycats of Solana Saga phone and SolChat, etc. ETH had a huge lead in DeFi/NFTs last cycle. So SOL not only have to lead in those areas but ETH must be a laggard in catching up. All in all, it is a herculean task.\n\nBasically, lots of ETH ppl got rich from a lot of  \"bad experiments\" in the last cycle. Now they are rich and they are keeping it there. Other chains can't run those same experiments to get the same level of liquidity because ppl now realize a whole lot of it is just BS in the end.",
  "label": "r/solana",
  "dataType": "comment",
  "communityName": "r/solana",
  "datetime": "2024-05-20",
  "username_encoded": "Z0FBQUFBQm5Lakw1TTVVR1FvOTZZVU0taHZPNm1LZ1FnRThFNVJxbFdXcU0wMEw2bFF5RUZjcjNNNGszMGlQbERQR0hGcjQzMzVQSW5qSVR0eWpLNlFuc0VWS0tKanZxZ1NpVmtwbElQcFljVGpWbC1wYkpSZHM9",
  "url_encoded": "Z0FBQUFBQm5Lak9KRU1aTy1OTlhtZm1OOVJfY2YzamRfR0FBZkRRSk1zLWlWdGdBZWI4T3ktLVRtck4waFk4ZDhTVnk1ZDEyMkNGd2luWTJSSUZBclFVNm96YXlHY0oyU1lWQ0lJdGVYZlJZV2ZVWlZFWDBQcXhOaXJDcG9IaTYxdHVpcmcxWmVDWUgteUlLTGg1RlZCdTZKcUVLSUtZNXE4LWVtaXpOZ1NTcXRWQ0hhaUUzUDd3MFdEQXZDTWNRZjYyLVFTTGY5Y1pnci1iRmpwVEtKWFlwWHdoYWd3Q0ctZz09"
}
Explore Dataset Explore Row

Entry Information