1/25) I used to be one of Solana's biggest critics... Covering the fake usage numbers, centralized design, downtime, lies & fraud! Today, SOL is not judged for what it is now but for what it was back then! SOL changed, so we can change our minds, too! Explaining my pivot: 🧵

2/25) Starting off with the fake usage numbers: When I first called this out in 2021, there was very little real usage This is why SOL claiming 40k+ TPS at that time was a straight-up lie! This is obvious now because SOL has, in fact, cleaned its communication up since then;

3/25) Even though TPS figures can still be misleading today The numbers are impressive, even according to the most conservative estimates! Let me break it down for you; 4247 is raw TPS, now remove voting TXs = 1109; then remove "failed TXs" -40% = that still gives us 665 TPS!

4/25) That is more usage than all other chains combined! Making SOL the clear leader in decentralized utility It is not fair to deduct for "failed TX," as they are meant to fail & pay a fee... However, for the sake of argument, we excluded them & SOL still comes out on top! 🔥