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❕NEWS Solana Labs CEO: It ‘doesn’t really matter’ if the network goes down again

L

LutherKing

Guest
Solana CEO asked on a current interview said he doesn't care if network goes down again he also said that the network crashing was not crash but actually no blocks happen in time

He said he isn't worried until they have a ledger backup in place alongside btc he said that takes upto few hours for blocks sometimes

Thanks :-)
 
He shows the confidence he has that the coin will still be up there as expected even with all the issues they might be facing. if a network goes down it will be restated so maybe he meant there should be no cause for alarm since they are ready to do everything needed to be done to make it work again. my opinion is that he might try to motivate people to keep the hope high.
 
Well that's kinda reassuring to see that he got that much confidence in the network and the coin and the way he explained it is that there was really no crash that happened just that no blocks happened? or probably no block got processed during that time so it is kinda like the system kinda stopped for a moment or just paused
 
The system got some technical error, which caused it's delay during each mining block session. The CEO of Solana Lab made mention of a backup plan that is similar to that of BTC that will take few hours to mine a given block of Solana tokens.
 
Probably he already had a back up plan because he seems confident and it's not everything he would say in the public ,some things are better Been said in the private , that is actually a good remark from what he have said ,it would actually decelop more interest in investors
 
Despite his confidence in his work, it's the sentiment of the final users of the system that really matters.
Having downtime is not something anyone wants to experience especially when it concerns money deals.

I think it would have been better if he had reassured users that there money is still safe instead.
 
Well, it's not aback to me at all, because I have already know that crypto currency is not a stable currency, any thing like rise up or down can happen at unexpected time. But, the only thing I that he's not supposed to say that statement because of investors, now the statement may discourage some investor and lead them to be panic and withdraw their money.
 
Well, it's not aback to me at all, because I have already know that crypto currency is not a stable currency, any thing like rise up or down can happen at unexpected time. But, the only thing I that he's not supposed to say that statement because of investors, now the statement may discourage some investor and lead them to be panic and withdraw their money.
He may mean it a different way, especially when it's put into context with what he was explaining then.

Thinking about it, the media only carries news that will attract attention and a lot of the time, they can just use a phrase or word to do that without caring about the consequences.
 

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