Bad week for Solana
... since it's just been revealed that most of the Solana ecosystem was a house of cards created by one developer through a network of sockpuppets.
https://web3isgoinggreat.com/web1#ian-macalinao-pseudonyms
And yet the continual parade of fraud, theft, and failure among cryptocurrencies and DeFi seems to have no effect on the cryptocurrency fans – most of whom appear to know essentially nothing about the underlying technology.1 Sigh.
1And, honestly, a lot of the CS and economics research around cryptocurrencies, "smart contracts", DeFi, etc is really quite interesting. Just search Colyer's old Morning Paper archives and skim a few; you'll see what I mean. It's just unfit for use in practice.
Biting the hand that feeds IT
