On Tuesday, February 6, the Solana network shut down again after nearly a year of stable operation. This is the 11th outage in the past 2 years. Perhaps users and investors are too familiar with this "incident", after 5 hours everything has returned to stability
[1].
Blockchain is a decentralized network that operates 24/7/365. Blockchain downtime is an extremely serious problem for users. This problem has existed for a long time and continues to need the Solana team to research and find a solution
[2].
What surprised me was not that the Solana network shut down, but that the SOL token price was not negatively affected by this bad news.
On the price chart, we do not have a serious decline, even at the moment, SOL token is already traded at over 100 USD.
This makes me feel that technology, which is heavily advertised by projects, is actually just one of many ways to market. Technology is only a part of supporting the price chart, technology does not have a direct impact on price. Technology does not determine token price fluctuations!
Ultimately, despite the extremely heated debate with each other about the technology of projects in the market, investors participate in the crypto market to seek profits. As long as the token increases in price and generates profits, that token is considered good, potential, and worth investing in. Blockchain stability is not too important to investors, only a very few investors actually use blockchain. If so, it is just an investment action to make a profit, not to solve an irreplaceable need of life.
For comparison, the EOS network has very good technology and has been operating stably for 2064 days, no downtime, no problems as Solana, but the EOS token price has divided 31 times compared to the 2018 peak. It is a bad choice for investment!
I want to hear your opinion on this issue:
- Are you entering the crypto market to pursue technology or profit?
- For you, is the project's technology important to the investment decision?
References:[1]
Solana Back Up Following Major 5-Hour Outage[2]
Solana Struggles: Understanding the Network’s Recent Outages
Note:- My opinion was posted first in that topic, on Bitcointalk
- I leave the source link to avoid plagiarism accusation.
- I excluded/ included minor things from an original thread if necessary.