{"id":343,"date":"2022-03-20T20:15:07","date_gmt":"2022-03-20T20:15:07","guid":{"rendered":"https:\/\/solanacrypto.news\/2022\/03\/20\/ethereum-co-founder-calls-solana-unsustainable-its-a-fake-it-until-you-make-it-business-model\/"},"modified":"2022-03-20T20:15:07","modified_gmt":"2022-03-20T20:15:07","slug":"ethereum-co-founder-calls-solana-unsustainable-its-a-fake-it-until-you-make-it-business-model","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2022\/03\/20\/ethereum-co-founder-calls-solana-unsustainable-its-a-fake-it-until-you-make-it-business-model\/","title":{"rendered":"Ethereum Co-Founder Calls Solana Unsustainable: It&#8217;s A &#8216;Fake It Until You Make It&#8217; Business Model"},"content":{"rendered":"<div id=\"article-26211239\">\n<p>CEO of ConsenSys and formerly a co-founder of <strong>Ethereum<\/strong> (CRYPTO: <a target=\"_blank\" class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\" rel=\"noopener\">ETH<\/a>) <strong>Joseph Lubin<\/strong> has criticized <strong>Solana<\/strong> (CRYPTO: <a target=\"_blank\" class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/sol\/usd\" rel=\"noopener\">SOL<\/a>), and says he thinks the economic model of paying out validators \u201cdisproportionate rewards\u201d is unsustainable.<\/p>\n<ul>\n<li>During a recent <a target=\"_blank\" href=\"https:\/\/beincrypto.com\/ethereum-co-founder-calls-solana-unsustainable\/\" rel=\"noopener\">interview<\/a>, Lubin said that Solana needs to come up with a more sustainable business model and projects like Solana \u201ceither fake it until they make it, or they die.\u201d \u00a0<\/li>\n<li>Lubin said, besides the issue of its economic model,\u00a0Solana has also faced its fair share of bottlenecks. He notes that there have been numerous times the chain has gone down\u00a0due to spam attacks, which Lubin says\u00a0also has a direct relation to the fee structure.\u00a0<\/li>\n<li>Meanwhile, Solana hit back at Lubin\u2019s comments. The crypto&#8217;s developers said that looking at revenue doesn\u2019t accurately predict the long-term performance of a blockchain\u2019s economic model.<\/li>\n<li>Ethereum\u2019s market share has gone from almost 100% dominance in 2020 to just above 54%, and it has been a downward trend the entire time.<\/li>\n<\/ul>\n<p><strong>Price Action:<\/strong> On Sunday, Ethereum was priced at\u00a0$2,893.52, down 2.15% in 24 hours. Solana, meanwhile, was down 0.99% in a 24-hour period, priced at\u00a0$90.36.<\/p>\n<p><em>Also Read:\u00a0<a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/03\/26200087\/best-of-both-worlds-coinbase-adds-support-for-solana\" rel=\"noopener\">Best Of Both Worlds? Coinbase Adds Support For Solana<\/a><\/em><\/p>\n<p><em>Photo: Courtesy of\u00a0<a target=\"_blank\" href=\"https:\/\/www.flickr.com\/photos\/thelastminute\/\" id=\"yui_3_16_0_1_1647449257349_549441\" title=\"Go to Duncan Rawlinson - Duncan.co&#039;s photostream\" rel=\"noopener\">Duncan Rawlinson<\/a>\u00a0on Flickr<\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CEO of ConsenSys and formerly a co-founder of Ethereum (CRYPTO: ETH) Joseph Lubin has criticized Solana (CRYPTO: SOL), and says he thinks the economic model of paying out validators \u201cdisproportionate rewards\u201d is unsustainable. During a recent interview, Lubin said that Solana needs to come up with a more sustainable business model and projects like Solana [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/343"}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=343"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/344"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}