DoomPosting
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DoomPosting
Looking like Coinbase screwing up and blaming Solana πŸ„³πŸ„ΎπŸ„ΎπŸ„ΌπŸ„ΏπŸ„ΎπŸ…‚πŸ…ƒπŸ„ΈπŸ„½πŸ„Ά
PSA β€”

If β€œSolana is taking hours”, and you’re using Coinbase,

The problem is not Solana, it’s Coinbase

Solana transactions succeed or fail within seconds, and can be forced through even within minutes in these overloaded times

Get off of Coinbase

If you MUST use coinbase, probably get a coin that they can deliver faster, withdraw it and swap it on a dex for $SOL, using one of the wallets

πŸ„³πŸ„ΎπŸ„ΎπŸ„ΌπŸ„ΏπŸ„ΎπŸ…‚πŸ…ƒπŸ„ΈπŸ„½πŸ„Ά
πŸ’―4
DoomPosting
Though Solana does have this weird problem of counting transactions as β€œfailed”, even though they didn’t fail at all leading to accidental double-spends ^^ As is happening here with Kraken Only a matter of time before this causes much bigger problems…
Binance suspends $SOL withdrawals

How much you want to bet it’s because they too, like Kraken and many others, did the integration wrong?

Most Solana integrations have the horrible problem of reporting transactions as β€œfailed” when actually they succeeded

β€” Which obviously can easily lead to the WORST POSSIBLE SCENARIO for exchanges… where the exchange retries a β€œfailed” transfer many times, thinking it’s failed, but actually all succeeded

As we’ve been pointing out for months β€” Only a matter of time before this causes huge problems

Is that what’s happening with Binance, Coinbase, and others now?

Is that the real reason they’ve paused or hugely delayed withdrawals?

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😁4🀯2😨1
DoomPosting
Binance suspends $SOL withdrawals How much you want to bet it’s because they too, like Kraken and many others, did the integration wrong? Most Solana integrations have the horrible problem of reporting transactions as β€œfailed” when actually they succeeded…
MEXC exchange also suspends $SOL withdrawls

This is NOT due to Solana blockchain β€œcongestion”

β€” Absolute BS, anyone with a brain knows this is pure BS

Betting that this is because everyone FINALLY realized that the typical Solana integrations, during overloaded times, wrongly report transactions as failed when actually they succeeded

β€” ENABLING DRAINING ATTACKS AGAINST EXCHANGES

Bet that’s exactly what’s going on, and this is the real reason why all the exchanges have suspended Solana withdrawls all at once.

πŸ„³πŸ„ΎπŸ„ΎπŸ„ΌπŸ„ΏπŸ„ΎπŸ…‚πŸ…ƒπŸ„ΈπŸ„½πŸ„Ά
πŸ”₯4😨4πŸ‘€3😁2
At least Binance all-but-admitted that it’s β€œtechnical issues” on their end,

Instead of trying to blame Solana

Hopefully none of the major exchanges got drained before they could fix this…

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πŸ‘€5
DoomPosting
The dude is now shilling the coin Promising to HODL Do you trust him? πŸ„³πŸ„ΎπŸ„ΎπŸ„ΌπŸ„ΏπŸ„ΎπŸ…‚πŸ…ƒπŸ„ΈπŸ„½πŸ„Ά
Tbh, interesting shape on log scale

Not a huge fan but interesting

On one hand, he did stake his reputation on it

On the other hand, charity coins usually bad, and how much is his reputation really worth

We’ll see

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πŸ‘€2