Solana founder: Decentralized reserves should avoid government control and lean more towards market-driven solutions

ChainCatcher news, Solana founder Toly shared his views on decentralized reserve mechanisms on social media. He stated that the ideal choice is to have no reserves, as allowing the government to manage reserves would lead to the failure of decentralization.

Toly further pointed out that if reserves must be established, each state can manage them independently to hedge against potential decision-making errors by the Federal Reserve. At the same time, if a reserve mechanism is necessary, it should be based on objective, measurable, and reasonable standards, rather than subjectively set rules.

He finally emphasized that regardless of how the reserve mechanism is set up, the Solana ecosystem can meet and exceed its goals, demonstrating strong competitiveness.