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Justin Bons, CIO of Cyber Capital, strongly dismissed comparisons between Solana and Terra Luna, arguing that Solana’s inflation control and burn rate make it a much more sustainable project. He highlighted Solana’s resilience amid recent criticisms.
Solana Gains Strong Support from Justin Bons
Solana (SOL) received support from Justin Bons, founder and chief information officer of Cyber Capital.
He made a compelling case in an in-depth X post that the economic structure of SOL is superior to Terra Luna's defective paradigm and has solid foundations. The "fear-mongering" about the profitability of the network is baseless, Bons stressed.
Authored by the chief information officer:
Solana’s Inflation Control Mirrors Bitcoin and Ethereum
According to Bons, one major difference between Terra Luna and Solana is that the former is based on the same economic concepts as well-established blockchain projects such as Ethereum and Bitcoin (ETH).
“An initial ‘bootstrap’ phase in terms of inflation is normal; that is how BTC, ETH & almost all other blockchains have worked in the past. High inflation that steadily decreases over time,” he pointed out.
Solana’s Layout Mirrors Ethereum’s EIP-1559
According to Bons, the network has adopted a layout that is comparable to Ethereum's EIP-1559. Coingape shares that Ethereum's scalability is still an issue, but he also highlighted the fact that SOL's architecture is scalable.
In response to questions regarding how SOL tokens will be distributed, Bons stated that the network's impending unlocks are preferable to those of competing blockchains. He specifically mentioned Aptos (APT), Sui (SUI), and Sei (SEI).
Solana Is in a Better Position Than Aptos and Sui
“The token distribution is also not abnormal… SOL is actually in a much better position compared to the latest generation of parallelized competitors,” Bons said. But someone noticed that Solana's 50% burn rate altered not long ago.
Bons elaborated in his reply:
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