Solana has exploded with a brand new public censorship that is still more than five years after its release, and it still marks its mainnet “beta”. The latest Flashpoint unfolds on X, with Helius Labs CEO Mert Mumtaz associated with pseudo-word critic Balarchrex, the meaning of Beta tags, the opacity of the underlying wallet, and the authenticity of customer diversity in the customer validator network.
Why is Solana still in beta?
At the beginning of the exchange, Balarchrex accused Mumtaz and Solana co-founder Anatoly Yakovenko of avoiding three controversial topics: “Solana is still in Beta, Solana Foundation Wallets has not been published yet, [and] Solana has a client. “He dismissed Firedancer (the validator that Jump Crypto is developing) and it’s not just an evaporation device.
The pressure quickly transfers to transparency. Balarchrex demands on-chain accounting of Solana Foundation’s holdings and warns: “No organization will take SOL seriously as an investment when they don’t know how much SOL is dumping on them.” Mumtaz opposes market behavior advice: “Then why do they buy and expand to it? Curious.” He added that observers can “easily figure out the extent of the underlying holding” but stop providing wallet addresses or precise balance.
Customer diversity becomes the third track of dialogue. Mumtaz lists three clients that are already running on Mainnet: “Tequila, Jito-Agave, Frankendancer” – and notes that Firedancer “has been extensively tested and will be on-site Q3/Q4.” In his opinion, the presence of multiple independent teams contributes to code quality: “Jito/Anza will usually find new bugs before production; is it a random problem to have 2 independent teams doing the same core code work and fix it?”
Balarchrex treats agave and Jito-Agave as “forks of the original Solana code” and urges relevant statistics adopted by validators. Mumtaz points critics to publicly accessed dashboards such as solanabeach and validators. The application insists that data is “not hidden”.
However, the Beta tag refuses to disappear from the discussion. Balarchrex resurfaced a recent status screenshot that still contains “Beta” in the Mainnet build name and asks why the word “Every time Solana goes down” is the word “Every time goes down.” Mumtaz replied that Balarchrex’s “complete hallucination” was asserting that the chain has been around for more than 2 years (this is due to Devops issues), and that he “has said that the name should be deleted a few times”.
With a grumpy temper, the debate turns into a personal barb. Balarchrex summed up his position: “Solana is still in Beta…the validator client is the same original code, and there are no minor changes…you still haven’t addressed my point.” Mumtaz believes the criticism is “grab the straw”, reiterating that the nomenclature has nothing to do with the production preparation of the network and suggests that anyone who is worried about the supply of tokens should “sell your SOL if you are worried about you and I’ll be happy to buy it.”
At press time, Sol traded at $148.
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