In the Solana ecosystem, SOL's worth isn't pegged to anything external—1 SOL simply equals 1 SOL. No counterparty risk, no backing mechanism. Its value exists purely through network consensus and utility within the chain itself.
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ColdWalletGuardian
· 12-14 20:03
Basically, it's all about relying on faith. If the online consensus collapses, SOL will be finished.
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YieldWhisperer
· 12-14 09:28
nah actually let's examine this logic... "1 SOL = 1 SOL" is just tautology dressed up as fundamentals lol. network consensus without actual utility is literally how every ponzi opens, saw this exact design pattern in 2021 with luna. where's the real demand tho?
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SquidTeacher
· 12-14 08:44
Basically, it's supported by faith. How long online consensus can hold is really uncertain.
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SerumSurfer
· 12-13 09:19
Sounds good, but how can we ensure that the consensus doesn't collapse... Once the network encounters issues, the consensus just snaps and is gone.
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TokenomicsTrapper
· 12-11 20:56
lol "1 SOL equals 1 SOL" is literally just saying nothing has value... actually if you read the contract, this is just consensus cope. network utility doesn't price assets, liquidity does—and we all know what happens when that evaporates
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ImpermanentPhilosopher
· 12-11 20:53
Purely driven by consensus is absurd; isn't this just a confidence game?
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RamenStacker
· 12-11 20:47
That's why I like Solana so much, it's purely exceptional.
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MEVHunterZhang
· 12-11 20:34
This setup of SOL sounds quite pure, but can the actual liquidity hold up...
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GateUser-5854de8b
· 12-11 20:29
To be honest, this logic is a bit circular. 1SOL=1SOL isn't obvious, haha.
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GasFeeDodger
· 12-11 20:29
Sol's logic is solid; its value is supported purely by consensus, without any fancy collateral.
In the Solana ecosystem, SOL's worth isn't pegged to anything external—1 SOL simply equals 1 SOL. No counterparty risk, no backing mechanism. Its value exists purely through network consensus and utility within the chain itself.