The Solana hack is everything that's wrong with crypto right now.

- The vulnerability was originally exposed on the Eth2 Kintsugi testnet on January 7th.. No actual value exchanges hands on Kintsugi - it's entirely a place to wargame your code and see what breaks.

- The vulnerability sat on Wormhole, waiting to be exploited, until Wormhole committed an upgrade for an unrelated matter at which point the hacker went "whoopsie better hurry"

- The equivalent of $320m worth of ETH was siphoned off of Solana and immediately dumped on ETH

- Everyone on Solana freaked out until Jump Capital revealed they were the earnest money behind Tether, Robinhood and Solana by writing a check

Now, here's the dumb thing. Crypto people hate Tether. Crypto people hate Wall Street. EVERYONE hates RobinHood.

But rip away the mask and discover that Old Man Ferguson is the one behind Solana? market barely moves.

'cuz here's the thing about Solana. It's Ethereum, with the safeties off. It's Ethereum, without the security. It's Ethereum, without the developer community. It's Ethereum, but written in a language everyone hates. It's Ethereum, but privately backed. It's Ethereum, but shitty.

Nobody cares. Number go up. The Solana hack did fuckall to the value of Solana, because of course it didn't, because no one gives a fuck about fundamentals anyway even when they understand them and there's at least two comments on this page that fail to understand "proof of stake" which literally means "I have a stake in this succeeding here's proof."