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File: 167 KB, 720x660, Screenshot from 2022-06-19 12-49-41.png [View same] [iqdb] [saucenao] [google]
49818727 No.49818727 [Reply] [Original]

GET OUT OF SOLANA RIGHT NOW!

They want to hunt their own whales. It's a matter of time until they realize they are in danger and start to sell everything.

>> No.49818853

>>49818727
what the actual fuck is that shit!?!??!

>> No.49818879

lmao they stole his money.

>> No.49818890

>>49818853
Speed running government in crypto.

>> No.49818911

>>49818727
So not only does Solana randomly shut down, they can also steal your fucking money? What a fucking shitcoin

>> No.49818913

>>49818890
This. Basically Solana is not a crypto anymore.

>> No.49818916

>>49818890
If that happened to me I'd sue, cuz that's a complete blindsided risk

>> No.49818934

But guys, they will do it "gracefully". This gotta count for something right?

>> No.49818949

and defi culture claims another victim

>> No.49818954

>>49818727

Is this the next Celsius?

>> No.49818958

Some VC literally sent a fat part of supply for the vote and got it back lmao

>> No.49818962

>>49818934
If you get raped gracefully, is it less worse?

>> No.49818966
File: 7 KB, 238x212, mfw.jpg [View same] [iqdb] [saucenao] [google]
49818966

>>49818727
cryptotards: banks are evil! convert to crypto so you have control and access to your funds!
also cryptotards: lets seize user's funds because we fucked up the smart contract

>> No.49818976
File: 958 KB, 1280x2310, 1655654583754.jpg [View same] [iqdb] [saucenao] [google]
49818976

>>49818727

>> No.49818980

>>49818727
Same thing happened on a sub-chain of ATOM awhile back - it fucking obliterated everything on ATOM. I'm holding heavy, heavy bags of this shit - all because of some what that manipulated a stake drop for JUNO. I'm telling you, the entire chain is probably perma-fucked but I can't/won't sell this far down. Look at JUNO, OSMO, ATOM price charts to see what this shit ends up doing to the price.

>> No.49818988

>>49818962
I would prefer it gentle, yes.

>> No.49818994

Ah so this is the power of defi

>> No.49819008

So the decentralized governance mechanism decided to elect a single individual to take centralized control. Beautiful.

>> No.49819020

>>49818966
Solana is a centralized database, complete with downtime, maintenance and now moderation.

>> No.49819027

>>49818980
ATOM and OSMO were mostly rekt from the Terra collapse, not JUNO's problems. Terra had the highest liquidity in the Cosmos ecosystem.

>> No.49819043

>>49818727
wtf why didn't they say that they could do shit like this BEFORE they enticed us to buying and staking their coins?
this cant be fucking legal fuck this

>> No.49819058

>>49818727
Can we speculate on motive?
Is this a counter attack for what ftx did?
It’s a real knife fight out there

>> No.49819079

>>49818853
A centralized chain LARPing as a decentralized one.

>> No.49819082

it's funny seeing any community eat itself, though.

>> No.49819093

>>49818727
Democratic governance is a fucking mistake holy shit I will die on this hill.

It doesn't work in the real world for governing countries, and it sure as hell doesn't work in crypto. The average person is a fucking RETARD.

>> No.49819112

How is this different from the ETH DAO disaster?

Also, don’t /biz/ tards have a hard on for blockchain governance protocols? How is this any different. If you hold a position on a platform that risks jeopardizing the existence of that platform, the token holders can vote to unfuck their shit. Gamble like a degenerate, you pay the price.

ETH chuds really are blind to anything not their boomerchain.

>> No.49819116

>>49818949
>DeFi

This shit is TradeFi, Possibly even worse

>> No.49819129

>>49818727
serves that whale right for trying to ruin the lives of everyone else invested in solana including solana themselves. fuck him. i hope they rob his sketchy ass LMAO

>> No.49819137

>>49819093
True. Democracy always votes in a tyrant eventually. In defi this is sped up. It’s how companies function, you need an executive making decisions

>> No.49819140

>>49819129
Cringe

>> No.49819153

>>49818958
they made the DAO to perform the vote yesterday specifically to pass it.

>> No.49819157

>>49818853
The end for this jewish scam. And many others. We will live many more luna and celsius collapses in the incoming weeks.

>> No.49819160
File: 78 KB, 680x421, q0cn7psgg6691.jpg [View same] [iqdb] [saucenao] [google]
49819160

This can't be real, that chain will literally die

>> No.49819181

It was possible before. It was passed into code today. Code is law.
How was anyone supposed to know

>> No.49819192

>>49818966
solana is not a cryptocurrency

>> No.49819261

>>49819140
>degen gambling is good because…well it just is!!!

>> No.49819268

>>49819043
we kept telling you that solana is a centralized jewish pump and dump shitcoin that is still stuck in beta. your fault for not listening.

>> No.49819296
File: 37 KB, 2250x198, solana defi.png [View same] [iqdb] [saucenao] [google]
49819296

>The absolute state of Solana Defi (from Solend discord)

>> No.49819297

>>49818879
They didn't steal his fucking money, they took over admin of his account, the value of all of it is still his they are just deciding to liquidate it for him.

100% illegal and fucking retarded but don't go rebbit tier full retard.

>> No.49819301
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49819301

>>49819160
Easiest short of my life since ICP and terra depegging.

>> No.49819323

>>49819297
Code is law. The community voted for it.

>> No.49819353

>>49819297
I’m retarded also… so if they liquidate his collateral, what happens to the stable coins? He just has to pay them back with interest on his own volition or do they forcibly take it back?

>> No.49819359

>>49819297
Imagine doing this of instead just going to a kike and ask him to provide liquidity, now they're in real risk to get sued

>> No.49819370

>>49819301
Post short or stfu

>> No.49819381

>>49819116
TardFi

>> No.49819388

>>49819370
look at filename
look at image
discard any statement by this user as being a cringe fail troll

>> No.49819399

>>49819359
>>49818916
how can you sue a DAO?

>> No.49819400

>>49819296
>a fucking troon commie immediately asks for free money
This guy nailed it >>49818890

>> No.49819401

>>49819297
They didn't steal his money yet. They voted to give absolute control, he said he was going to do one thing but he has absolute control to do anything he wants now.

>> No.49819423
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49819423

>>49818727
DIE solana NIGGERS

>> No.49819424
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49819424

Kek congrats cryptobros you ended up madking a system even worse then tradfi and fiat

>> No.49819430
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49819430

>>49819296
Topkek, it's so comfy to see civilization disintegrate all around you while you are tucked under your quilt, enjoying the shitshow.

>> No.49819432
File: 869 KB, 986x797, 09680B90-DB9E-44E5-ACCA-83A23D697152.png [View same] [iqdb] [saucenao] [google]
49819432

Is this moonman they’re talking about?

>> No.49819448

>>49818976
What phenotype is this?

>> No.49819483

not your keys...

>> No.49819486

>>49819160
good, hurry it up already

>> No.49819507

>>49819448
neanderthal

>> No.49819529

>>49819432
Manmum Singh

>> No.49819563

RIP Solana, you had a good run but after this I don't think anyone would want to have their money in there.

>> No.49819583

>>49819563
It's up 10%. Dump when?

>> No.49819585

>>49818727
yea obviously I'd never invest in something run by a kike. get real

>> No.49819625

Can this guy just say fuck you and dump everything right now?

>> No.49819649

so it's official- defi is gay and can rot in hell

>> No.49819680

>>49818913
>anymore
Never was. Why do you think Sam bankman shills it so much.

>> No.49819732

>>49818727

I got out of SOL long ago.

Made a pretty penny too.

>> No.49819802

>>49819297
>didn't steal his money, just took over control of it
Shut the fuck up kike.

>> No.49819859
File: 7 KB, 288x175, proxy-image.jpg [View same] [iqdb] [saucenao] [google]
49819859

I was never in...

>> No.49819865

>Pump

Solana can't lose, Notice how when it pumps most other L1s dump? FTX and Alameda open shorts everytime they want to pump Solana, Its market dominance is guaranteed.

Same even happen when Solana receive horrible news, It doesn't dump or when it dumps other protocols dump harder for absolutely no reason, Alameda/FTX definitely made a trading bot based on SOL.D which dump other coins harder when Solana dumps similar to how Alts dump harder when BTC dump

>> No.49819888

>>49819192
yes it is

>> No.49819904

>>49819399
Sue the protocol runners and whatever entity the DAO incorporates. This is a sqlana project with VC backing so there's a lot of paper trail to real ppl, not random anon jeets on BSC

>> No.49819928

>>49819297
>They didn't steal his fucking money, they took over admin of his account
sure. and people don't rob banks, they just take over ownership of the cash inside the vault

>> No.49819961
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49819961

I bought some bitcoin a few months back because my friend told me how it was the future and I needed to buy them. It’s not working out how I thought it would at all. How do I go about getting a refund. It was quiet an expensive purchase so I’d like to get my money back. I have a few other coins I would like to get refunds on, the one with the dogs on them doggy coin and shib in you coin. I have asked all around the local shops in town but no one seems to know anything about them. I have tried phoning my friend that told me to buy them but his phone must be broken because when he answers he can’t hear me.

>> No.49819977

>>49819448
neanderthal

>> No.49819995

>>49818727
bought solana today because we live in a clown world

>> No.49820018
File: 660 KB, 1440x1424, 1628523848581.png [View same] [iqdb] [saucenao] [google]
49820018

The people on Solend voting for this are some of the biggest faggots in the world.

>> No.49820080

>>49818976
Sam has bitch tits and his rabbi ate half his dick.

>> No.49820094

>>49820018
Most of those addresses were just created before the vote and the affected account wasn't allowed to vote at all

>> No.49820139
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49820139

>>49820094
Also it didn't really matter in the end because 1 account had 90% of the vote.

>> No.49820149

>>49820139
""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""decentralized""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""" autonomous organization

>> No.49820156

>>49820139
Oh I forgot it was decentralized

>> No.49820191

>>49818727
kek, the future of finance everyone

>> No.49820199

>>49819261
>give us collateral and we will give you a loan. if your collateral loses value, you will get liquidated
>"ok"
>NOOOOO not like this! i regretted letting you borrow my money now i will take control of your collateral!!!!1!

how the fuck are retards even defending this
it's not even a "let's temporarily sacrifice decentralization to punish a scammer/exploiter/hacker" it's literally just a guy taking a loan like it was intended and potentially being punished because of the interests of the platform owners

>> No.49820235

>>49820139
i mean, i get it, wow, what a shocker, but we all new Sol wasn't decentralized last year.

>> No.49820304

>>49820139
This shit is outrageous
Wonder who gets that sweet OTC deal

>> No.49820320

All these shit coins are not going to survive what's coming that includes tether

>> No.49820332
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49820332

>>49819020

>> No.49820369
File: 2.03 MB, 1536x1024, Democratic People's Republic of Monero.png [View same] [iqdb] [saucenao] [google]
49820369

Solana is fake crypto anyways. Anyone who uses it deserves this kind of shit. If you want centralized "crypto" you're going to have to deal with centralized decisions. Same shit with Hedera Hashgraph, I remember some VC whale wallet tried moving funds to Binance and they used their nodes to forcibly move it back to their wallet so they couldn't dump.

This shit is hilarious to me.

>> No.49820413

>>49820139
who the FUCK would wanna play ball in this shitshow
you would have to be fucked up on something to use solana "defi"

>> No.49820425

Hex users unaffected

>> No.49820497

>>49820320

>Please sell your bags and buy mine pls pls pls

>> No.49820535

>>49818727
Solend devs are faggots

When UST crashed, they set the LTV on UST to 0 and disabled withdrawals. It was a clear cash grab

The $108 million stablecoin borrowing is just like that situation. Someone is borrowing all the stablecoins to prepare for some kind of attack where they believe the value of these will decrease. I would say the whale who is doing this is some bad actor who should get fucked

>> No.49820553

>>49818727
Thanks just bought 25k worth.

>> No.49820589

>>49818727
My cost basis too damn high to sell

>> No.49820625
File: 16 KB, 700x411, blvd.jpg [View same] [iqdb] [saucenao] [google]
49820625

>>49818727
the proposal was approved because one wallet with 1 million SOL basically decided for everyone
very decentralized

>> No.49820644

This is why Sam is saying he'll pump the market, he knows his own shitcoin is next in line to be flushed out during this bear

will he succeed? Tune in next week, folks!

>> No.49820651

>>49818962
Slow Cosby is better than fast cosby

>> No.49820676

>>49820625
proof of stake is plutocracy

Shits needs fixed

>> No.49820709

Sorry the will of the people has spoken, we will take your money and redistribute it for the general good. This is democracy chud

>> No.49820793

>>49820535
Like an institution? How many times is it an actual person and not a bank like goldman

>> No.49820862

>>49820793
One who makes risky moves. Alameda research perhaps.

First they borrowed $100 million on UST on Solend right before the UST collapse

Now they borrowed $100 million in USDC/USDT, which probalby won't collapse. This time, they probably expected the collateral to dump in price, creating the liquidations and further price dumps. Shorts on the collateral, and they get to walk away with the $100 million in stablecoins too.

>> No.49820902

>>49819448
neanderthal

>> No.49820904

>>49820644

Thank god I hope solana goes away next.

>> No.49820957

>>49820862
>walk away with the $100 million in stablecoins too.
This part I don’t get. They’d still have to payback the loan, right?

>> No.49820972

>>49820862
>Alameda
Hahaha I just saw the CEOs on Forbes and they look like Nazi propaganda.

>> No.49821019

>>49818727
Is this legit?
This whole fucking platform is a fucking joke.
So glad i never touched it.

>> No.49821101

SCALABLE

SECURE

DECENTRALIAHAHHAAHHAHAHAHAHHH

>> No.49821223

>>49819448
homo erectus

>> No.49821256
File: 57 KB, 799x398, Screenshot_20220619-184846_Brave-01.jpg [View same] [iqdb] [saucenao] [google]
49821256

>>49818727
5.7m solana
Most of the top holders voted in the affirmative most above 4m.
Im willing to bet someone here is doing some dodgy shit.
In fact solana is being margin called and they are doing this to save themselves.

>> No.49821304

>>49818890
This x1000. Expect more shit like this to occur and eventually for governments to gracefully swoop in and 'protect' us

>> No.49821484

>>49820957
No they abandon the collateral.