yeah that should actually be the course of action here man, have to wait 28 days so i can sell mine.
i just don't see where this shit is going. parachains are all scam chains, nobody is using it, still have to fumble around with .js wallet. it is just a fucking empty ghostchain that is just emiting dot to stakers devaluing itself in the process.
Dot is in a good position IMO. Development is focusing on usability now. No more slot auctions soon, it will be bulk coretime sales which are divisible into single blocks and can be resold (coretime futures market). This allows for PAYG parachains, multi core parachains and everything in between. This is a big increase in efficiency for the network as now many more parachains can be supported, and also a big cost saving efficiency gain for all parachains themselves - they no longer have to pay for unused blocks/superfluous validation. It should therefore be enormously cheaper to run a parachain than any other competing solution.
Similarly there are a lot of projects building to open out polkadot for mass adoption. Tanssi is simplifying parachain development massively, Apillon is building a web2 to web3 interface on polkadot leveraging Phala Crust Kilt and Moonbeam. Lastic is building a coretime market. Polytope is building the hyperbridge. Polygon, NEAR, Avail, Cardano and the Indonesian government are building on Polkadot SDK - and likely will eventually bridge to polkadot main net.
It's also actually decentralised - both technically and developmentally. Parity is distributing its power on chain - the opengov treasury and polkadot fellowship will be funding developer pay and allocating resources to new features. This puts it heads and shoulders above every other crypto project that are still at risk of regulatory crackdown.
So there's a huge amount happening on polkadot. I haven't even explained corejam, accord space or the general efficency improvements being developed either.
Okay, so there are a bunch of general improvements being made to polkadot, corejam is a proposed upgrade that'll allow any web assembly code to be run on polkadot cores - smart contracts - independent code - whatever you want basically. It will allow polkadot to be treated as a general purpose decentralised cloud computing service, that of course also retains knowledge of value. The immediate benefit of this is that dapps can run directly on a core, so you won't need to build an entire parachain if you want to just run a dapp on polkadot, but this can be extrapolated out into any application. You could think of this kind of like ICP, but decentralised and permissionless.
Accordspace will be sets of rules that parachains can agree to that essentially lowers the restrictions on communication between them. This was thought up to improve atomicity between parachains. At the moment XCM doesn't make any assumptions so communication is very conservative, and as a result, slower than it often needs to be. Think of it as like a free trade agreement between countries.
BEEFY and SASSAFRAS are improvements to the runtime which make reaching consensus much faster and efficient. BEEFY in particular is the key component to validating external chains cheaply and efficiently, and has been the missing component in the trustless bridging architecture that polkadot has been waiting on for a while now. While SASSAFRAS improves block production.
Lastly the validator number will be able to be increased and the amount of concurrent cores should be able to grow to around 500 (so 500 full blockchains, divided into however many parathreads you like). Nested relay chains are still on the agenda but currently not a priority since there are such massive efficiency improvements possible with a single relay chain still. This is where the contrast between polkadot and other projects should really be understood.
Sorry bro but DOT is looking to be burnt soon as part of core sales. Polkadot will have it's EIP-1559 moment and DOT should become stable if not deflationary. If you didn't see this coming then what can I say, you're retarded.
Totally. I really wish more people on LULZ would follow polkadot development because it's really insane compared to other projects. Eth, avax, cosmos, cardano etc. pale in comparison.
Polkadot really is the only project with such aggressive forward momentum in technical capacity. Sure it spent 6 years building out the foundations, but now it's stretching the boundaries of what a blockchain is capable of. Lots of other projects have tried to do bits and pieces of what polkadot has done, always at a massive cost to decentralisation, while polkadot does it all and it does it without the concessions.
This is all very exciting anon and thanks for the great write up and effortposting. One thing however is that eventhough the tech is actually excellent, this clown market doesn't seem to recognize this and you end up with shit like shi.b or A.da getting unreal gains instead. As long as the retards that are in this market somehow latch onto dot, it will stagnate around 5 unfortunately
Clown market only lasts so long. Hype has to actually be backed up by something and in most cases in crypto, there's nothing under the hood. That can't be said for polkadot.
Cardano, Polygon Avail NEAR have all adopted the polkadot tech stack after years of trying to develop their own. These aren't new projects that can easily manoeuver. But they're all cutting their losses and adopting the best tech stack available. That says a lot. Now imagine in 3 years time, hundreds of new blockchain startups are choosing their SDK, their security layer, weighing up what can communicate seamlessly, what can be forklessly upgraded etc., polkadot will simply the only economically viable option.
And given the likelihood of a burning mechanism being tied to coretime sales, the only bit of fud left (inflation) will be disproven.
>Cardano, Polygon Avail NEAR have all adopted the polkadot tech stack after years of trying to develop their own. These aren't new projects that can easily manoeuver. But they're all cutting their losses and adopting the best tech stack available. That says a lot.
These don't hook up to the polkadot relay chain however, they stay insular in their own little griftsphere
I think it's pretty short sighted to think that isn't going to change. One of Substrates core advantages is it's ability to connect and communicate to other substrate chains. Connecting to polkadot trustlessly will soon be cheap and straight forward for any substrate blockchain and provide much more benefit than remaining siloed. As more substrate chains get built and connect to polkadot it simply becomes a question of market intertia.
2 weeks ago
Anonymous
Fair point you're giving me renewed hope anon maybe we saw each other in other dot threads I use to be heavy into dot, participated in the final private sale, but lost hope through the years because of the lack of adoption... I believe in the tech, I believed in this ink! smart contract language, but now I feel like Eth and l2s have just too much intertia / staying power. Eth's new update coming soon, L2s that are copying the appchain model, all that stuff make me doubt about a future for dot. This might have changed now that dot 2 has an interesting roadmap, good to see that they realised the parachain model wasn't working out and they made the project evolve. Another issue that many normies complain about is the UX, going from one parachain to the next etc and using xcm is not easy / straight forward, and I think ccip made xcm kinda redundant, and eth's (and other chains) answer to xcm. I'm surprised you didn't mention hyperbridge tho, that's another thing I'm keeping an eye on, eventhough it seems to be the fruit of a one man band
2 weeks ago
Anonymous
>I feel like Eth and l2s have just too much intertia / staying power
Eth is a castle built on sand. L2s are all totally centralised, rely on a single sequencer and have upto a week for finality. Not only that but bridging between them is a nightmare and they're all fragmenting the userbase. You're right in a way though, ethereum has a massive install base. This is why polkadot teams are concentrating on providing services into ethereum. Hyperbridge is one of these services that'll make it easier for L2s to transact with one another, and right now mangata is building a shared L2 that'll be secured by both polkadot and ethereum. These solutions are going to inevitably encapsulate ethereum, simply due to the cost of running them is orders of magnitude lower on polkadot than ethereum. Gavin originally said that polkadot is an ethereum scaling solution and he's still correct. Polkadot will wrap ethereum, provide the bridging between L2s and syphon it's value.
>good to see that they realised the parachain model wasn't working out and they made the project evolve.
This is literally just the roadmap anon. Parachain auctions were the only way to fairly onboard developers until asynchronous backing was finished. The only thing they realised was that polkadot was a lot more dynamic and flexible than they initially anticipated it would be.
>I think ccip made xcm kinda redundant, and eth's (and other chains) answer to xcm.
I did mention hyperbridge before. And
CCIP is incredibly overhyped. XCMP is just a small component of a larger SDK package, but will always be more secure between substrate chains than CCIP, and hyperbridge (and snowfork etc.) should be completely trustless as they literally validate the external chain completely within polkadot - allowing polkadot to read the state of ethereum, cardano, cosmos etc. There's basically no competition.
2 weeks ago
Anonymous
Shit man you're gonna make me fomo, I turned all my dot to link a few months back but I'm still following what's going on, and I have to admit it looks pretty good... I assume you're all in on dot then?
In a way I'm still exposed to dot, as I have a big bag o glmr
2 weeks ago
Anonymous
I'm basically 70/30 DOT/ETH with a bit of LIDO from the curve pool. I also hold a bit of glmr too, I think it's a nice sustainable play. They've got a good thing going providing superfast evm validation for crosschain dapps. They're another one where a lot of their users don't even know they're using it.
And while these recent pumps have gotten everyone horny I reckon you've still got time to buy in. I can easily see the market shitting itself again in January. Current dot prices are good though if you wanna buy back. If you do then I really suggest you follow the development yourself. You'll feel like less of a gambler and more of an informed investor.
2 weeks ago
Anonymous
Oh although I'm certainly less knowledgeable than you I definitely follow the development closely, I actually just watch the fellowship call just now and keep an eye on the kusamarian channel, etc etc - thx for the thorough answers mate really appreciate it. What do you think about alternative l1s, the main one I'm thinking about is avax
2 weeks ago
Anonymous
I haven't seen anything impressive about avax. Their scaling solution is for subnets to just bolt validators together. It's not an attractive solution and it increasingly makes them look geriatric compared to agile coretime.
If there is ANY demand for those stupid core sales. Go on, keep living in your unicorn dream world. You will miss the bull run.
Even in a hypothetical world where there aren't any parachain developers (in reality there are over 50 that have bought a parachain slot with more being onboarded via tanssi), the beauty of the market means that at some point, coretime becomes so cheap that someone will use it because why not? You throw 1000 darts at a board eventually a few will hit the bullseye.
The barriers of entry for polkadot are getting lower and lower, soon solo tinkerers will be able to hire collators through tanssi, buy a few blocks through lastic, load their parathread runtime up and see how it all works without any of the hurdles of auctions or crowdloans etc.
2 weeks ago
Anonymous
This.. >>solo tinkerers will be able to hire collators through tanssi, buy a few blocks through lastic, load their parathread runtime up and see how it all works without any of the hurdles of auctions or crowdloans etc.
Seems complicated why would people switch over. Especially ones who already building on another chain.
2 weeks ago
Anonymous
users might care about their funds being at the mercy of some shitty 3/5 multisig on an L2
2 weeks ago
Anonymous
These idiots don't even know that shit exists in the first place. It's the dilemma dot has, people just don't care about "ze tech" they care about numba go up, fast
2 weeks ago
Anonymous
tech wins long term in this game I think, unless you're an exchange. they play by different rules
Polkadot is probably the most respected project of all, among crypto developers / community (im not talking about jeets and "investors", but actual people who run the crypto infrastructure). It will naturally claim its rank marketcap wise aswell
I have a colleague who works for parity and he says everyone in parity is bullish on dot because they are so sure their tech is the best among every single project in crypto
I used to work for parity (left almost two years ago but still very connected to them as a company) and yes. Genuinely has some of the best tech in the industry, and most of us felt that way. That being said, we'd rarely talk that much about price.
Polkadot just has been notoriously shit at marketing. And with the great decentralisation, I'm not sure it'll get much better. Then again maybe the great decentralisation (nice way of dressing up massive layoffs lmao) will end up being a net-good for marketing since now that endeavour can be pursued by the ever-growing community
It's a bit worrying that this kusamarian fellow basically gets no views on his YouTube stuff, on twitter same thing, Reddit (may Allah forgive me for uttering that name) same... It's a ghost town
yeah it sucks. The space monkeys show they do has some decent interviews. There's a really good one with Gav, and a couple days ago they did with with Basti, who is absolutely one of my favourite people at Parity. Those early days the company had such a good vibe, but it just fucking grew too quickly. So while it sucks so many people got laid off, I'd love to see some of the vibes return to like they were in the 2018-2020 era. Might even be enough to make me return
Thanks for the insights into whats going on at parity anon - might I ask, vaguely, what you've been doing since you left? Smart contract Dev work sort of stuff?
2 weeks ago
Anonymous
nah just personal stuff, I don't currently work. Looking into doing some stuff for the kappa sigma mu society at the moment too.
2 weeks ago
Anonymous
Ooh I see so you're still quite involved in the whole polkadot ecosystem - thx for the answer
One last question if that's ok, do you know why jutta left?
2 weeks ago
Anonymous
This is an interesting question. She's now at matrix which is used by the polkadot crowd for comms. Would be cool if they brought it over to blockchain.
2 weeks ago
Anonymous
she's been on the matrix board for ages, even while she was at parity
One last question if that's ok, do you know why jutta left?
been to a polkadot lecture on a blockchain conference. By far the most advanced tech out there.
Been a eth developer, but had no clue what those polkadt people were talking about
keep crying chud, I bought 3k at $5 and will sell at $50 in the next bullrun, oh and I'm staking so expect that stack to go to 4k by the time the bullrun arrives
>keep crying chud, I bought 3k at $5 and will sell at $50 in the next bullrun, oh and I'm staking so expect that stack to go to 4k by the time the bullrun arrives
i think high at 85$ my fren
me, europoor, 5000€ at 4,9$
if blockchain ever would be avilivable to the public it would be by interopearbility of many blockchains the simple proof of it is solana. Solana has the cheapest and the fastest transactions among every blockchain but it constantly lags due to the traffic on the network. By having many blockchains rosponsible for different sectors of econymy there isn't whole traffic on on one particullar chain.
There are lots of people using polkadot without even knowing they are. Bringing crypto traders on chain is okay but it's ultimately not a growth market. I think most of polkadot is focusing on enterprise and industry level adoption.
Take energy web for instance. They were set up by a former parity founder who's still on the board at web3 foundation, using the venture capital fund that Gavin advises (scytale digital) and use polkadot SDK to provide energy market services. They've basically swept the industry onto their chain and no one even mentions it. Like there's zero competition, their goal is to have the world's energy market trading on their network and they'll probably get there, they've already made a few deals with governments.
This is the sort of stuff that's going to get brought onto polkadot. The degen plays by the average retail investor in today's market is basically meaningless in comparison.
I got someone who's head bent on DOT, I wish him well though. Now asides my long-term bags I've Adlunam in my radar as my next buy, currently trading on Pancakeswap and is well situated for a pump
its very good long term
I hope
Be patient homosexual
buy signal
auctioning off chains, kek what a dumb fucking idea. how high was Gavin when he came up with this shit?
heres what will happen:
>everything pumps 200%
>dot goes to 8
>everything pumps 200%
>dot goes to 14
>everything pumps 200%
>dot goes to 25
>that's all folks!
Imagine buying pedo coin DOT instead of LINK.
People make fun of Sergey for being "fat". Look at the DOT CEO
LOL
sold all my dot @ $4 for avax @ $8.9
yeah that should actually be the course of action here man, have to wait 28 days so i can sell mine.
i just don't see where this shit is going. parachains are all scam chains, nobody is using it, still have to fumble around with .js wallet. it is just a fucking empty ghostchain that is just emiting dot to stakers devaluing itself in the process.
Dot is in a good position IMO. Development is focusing on usability now. No more slot auctions soon, it will be bulk coretime sales which are divisible into single blocks and can be resold (coretime futures market). This allows for PAYG parachains, multi core parachains and everything in between. This is a big increase in efficiency for the network as now many more parachains can be supported, and also a big cost saving efficiency gain for all parachains themselves - they no longer have to pay for unused blocks/superfluous validation. It should therefore be enormously cheaper to run a parachain than any other competing solution.
Similarly there are a lot of projects building to open out polkadot for mass adoption. Tanssi is simplifying parachain development massively, Apillon is building a web2 to web3 interface on polkadot leveraging Phala Crust Kilt and Moonbeam. Lastic is building a coretime market. Polytope is building the hyperbridge. Polygon, NEAR, Avail, Cardano and the Indonesian government are building on Polkadot SDK - and likely will eventually bridge to polkadot main net.
It's also actually decentralised - both technically and developmentally. Parity is distributing its power on chain - the opengov treasury and polkadot fellowship will be funding developer pay and allocating resources to new features. This puts it heads and shoulders above every other crypto project that are still at risk of regulatory crackdown.
So there's a huge amount happening on polkadot. I haven't even explained corejam, accord space or the general efficency improvements being developed either.
please go on and explain the other stuff too
Okay, so there are a bunch of general improvements being made to polkadot, corejam is a proposed upgrade that'll allow any web assembly code to be run on polkadot cores - smart contracts - independent code - whatever you want basically. It will allow polkadot to be treated as a general purpose decentralised cloud computing service, that of course also retains knowledge of value. The immediate benefit of this is that dapps can run directly on a core, so you won't need to build an entire parachain if you want to just run a dapp on polkadot, but this can be extrapolated out into any application. You could think of this kind of like ICP, but decentralised and permissionless.
Accordspace will be sets of rules that parachains can agree to that essentially lowers the restrictions on communication between them. This was thought up to improve atomicity between parachains. At the moment XCM doesn't make any assumptions so communication is very conservative, and as a result, slower than it often needs to be. Think of it as like a free trade agreement between countries.
BEEFY and SASSAFRAS are improvements to the runtime which make reaching consensus much faster and efficient. BEEFY in particular is the key component to validating external chains cheaply and efficiently, and has been the missing component in the trustless bridging architecture that polkadot has been waiting on for a while now. While SASSAFRAS improves block production.
Lastly the validator number will be able to be increased and the amount of concurrent cores should be able to grow to around 500 (so 500 full blockchains, divided into however many parathreads you like). Nested relay chains are still on the agenda but currently not a priority since there are such massive efficiency improvements possible with a single relay chain still. This is where the contrast between polkadot and other projects should really be understood.
Inflationary deathspiral. Die pedot.
Sorry bro but DOT is looking to be burnt soon as part of core sales. Polkadot will have it's EIP-1559 moment and DOT should become stable if not deflationary. If you didn't see this coming then what can I say, you're retarded.
If there is ANY demand for those stupid core sales. Go on, keep living in your unicorn dream world. You will miss the bull run.
It will be one of the best performers this bull. Literally a safe bet.
We told you cucks that pedot is trash. Get fucked for being ignorant nagger
guys, how am i supposed to countertrade biz when i get conflicting views on this shitcoin. either love it or hate it anons
You are literally buying ethereum at $50 if you get DOT here. It will pull a similar run, its of the same caliber if not bigger than eth ever was
Totally. I really wish more people on LULZ would follow polkadot development because it's really insane compared to other projects. Eth, avax, cosmos, cardano etc. pale in comparison.
Polkadot really is the only project with such aggressive forward momentum in technical capacity. Sure it spent 6 years building out the foundations, but now it's stretching the boundaries of what a blockchain is capable of. Lots of other projects have tried to do bits and pieces of what polkadot has done, always at a massive cost to decentralisation, while polkadot does it all and it does it without the concessions.
This is all very exciting anon and thanks for the great write up and effortposting. One thing however is that eventhough the tech is actually excellent, this clown market doesn't seem to recognize this and you end up with shit like shi.b or A.da getting unreal gains instead. As long as the retards that are in this market somehow latch onto dot, it will stagnate around 5 unfortunately
my take is that is doesn't necessarily have to be recognized by the crowd. Institutional players are enough.
Fair enough
the same story was with ethereum in the past but the technology defend itself overtime
Clown market only lasts so long. Hype has to actually be backed up by something and in most cases in crypto, there's nothing under the hood. That can't be said for polkadot.
Cardano, Polygon Avail NEAR have all adopted the polkadot tech stack after years of trying to develop their own. These aren't new projects that can easily manoeuver. But they're all cutting their losses and adopting the best tech stack available. That says a lot. Now imagine in 3 years time, hundreds of new blockchain startups are choosing their SDK, their security layer, weighing up what can communicate seamlessly, what can be forklessly upgraded etc., polkadot will simply the only economically viable option.
And given the likelihood of a burning mechanism being tied to coretime sales, the only bit of fud left (inflation) will be disproven.
They don't have any significant applications on their tech over-funded behemoth
it's all mental masturbation in blockchain form
>Cardano, Polygon Avail NEAR have all adopted the polkadot tech stack after years of trying to develop their own. These aren't new projects that can easily manoeuver. But they're all cutting their losses and adopting the best tech stack available. That says a lot.
These don't hook up to the polkadot relay chain however, they stay insular in their own little griftsphere
I think it's pretty short sighted to think that isn't going to change. One of Substrates core advantages is it's ability to connect and communicate to other substrate chains. Connecting to polkadot trustlessly will soon be cheap and straight forward for any substrate blockchain and provide much more benefit than remaining siloed. As more substrate chains get built and connect to polkadot it simply becomes a question of market intertia.
Fair point you're giving me renewed hope anon maybe we saw each other in other dot threads I use to be heavy into dot, participated in the final private sale, but lost hope through the years because of the lack of adoption... I believe in the tech, I believed in this ink! smart contract language, but now I feel like Eth and l2s have just too much intertia / staying power. Eth's new update coming soon, L2s that are copying the appchain model, all that stuff make me doubt about a future for dot. This might have changed now that dot 2 has an interesting roadmap, good to see that they realised the parachain model wasn't working out and they made the project evolve. Another issue that many normies complain about is the UX, going from one parachain to the next etc and using xcm is not easy / straight forward, and I think ccip made xcm kinda redundant, and eth's (and other chains) answer to xcm. I'm surprised you didn't mention hyperbridge tho, that's another thing I'm keeping an eye on, eventhough it seems to be the fruit of a one man band
>I feel like Eth and l2s have just too much intertia / staying power
Eth is a castle built on sand. L2s are all totally centralised, rely on a single sequencer and have upto a week for finality. Not only that but bridging between them is a nightmare and they're all fragmenting the userbase. You're right in a way though, ethereum has a massive install base. This is why polkadot teams are concentrating on providing services into ethereum. Hyperbridge is one of these services that'll make it easier for L2s to transact with one another, and right now mangata is building a shared L2 that'll be secured by both polkadot and ethereum. These solutions are going to inevitably encapsulate ethereum, simply due to the cost of running them is orders of magnitude lower on polkadot than ethereum. Gavin originally said that polkadot is an ethereum scaling solution and he's still correct. Polkadot will wrap ethereum, provide the bridging between L2s and syphon it's value.
>good to see that they realised the parachain model wasn't working out and they made the project evolve.
This is literally just the roadmap anon. Parachain auctions were the only way to fairly onboard developers until asynchronous backing was finished. The only thing they realised was that polkadot was a lot more dynamic and flexible than they initially anticipated it would be.
>I think ccip made xcm kinda redundant, and eth's (and other chains) answer to xcm.
I did mention hyperbridge before. And
CCIP is incredibly overhyped. XCMP is just a small component of a larger SDK package, but will always be more secure between substrate chains than CCIP, and hyperbridge (and snowfork etc.) should be completely trustless as they literally validate the external chain completely within polkadot - allowing polkadot to read the state of ethereum, cardano, cosmos etc. There's basically no competition.
Shit man you're gonna make me fomo, I turned all my dot to link a few months back but I'm still following what's going on, and I have to admit it looks pretty good... I assume you're all in on dot then?
In a way I'm still exposed to dot, as I have a big bag o glmr
I'm basically 70/30 DOT/ETH with a bit of LIDO from the curve pool. I also hold a bit of glmr too, I think it's a nice sustainable play. They've got a good thing going providing superfast evm validation for crosschain dapps. They're another one where a lot of their users don't even know they're using it.
And while these recent pumps have gotten everyone horny I reckon you've still got time to buy in. I can easily see the market shitting itself again in January. Current dot prices are good though if you wanna buy back. If you do then I really suggest you follow the development yourself. You'll feel like less of a gambler and more of an informed investor.
Oh although I'm certainly less knowledgeable than you I definitely follow the development closely, I actually just watch the fellowship call just now and keep an eye on the kusamarian channel, etc etc - thx for the thorough answers mate really appreciate it. What do you think about alternative l1s, the main one I'm thinking about is avax
I haven't seen anything impressive about avax. Their scaling solution is for subnets to just bolt validators together. It's not an attractive solution and it increasingly makes them look geriatric compared to agile coretime.
Even in a hypothetical world where there aren't any parachain developers (in reality there are over 50 that have bought a parachain slot with more being onboarded via tanssi), the beauty of the market means that at some point, coretime becomes so cheap that someone will use it because why not? You throw 1000 darts at a board eventually a few will hit the bullseye.
The barriers of entry for polkadot are getting lower and lower, soon solo tinkerers will be able to hire collators through tanssi, buy a few blocks through lastic, load their parathread runtime up and see how it all works without any of the hurdles of auctions or crowdloans etc.
This..
>>solo tinkerers will be able to hire collators through tanssi, buy a few blocks through lastic, load their parathread runtime up and see how it all works without any of the hurdles of auctions or crowdloans etc.
Seems complicated why would people switch over. Especially ones who already building on another chain.
users might care about their funds being at the mercy of some shitty 3/5 multisig on an L2
These idiots don't even know that shit exists in the first place. It's the dilemma dot has, people just don't care about "ze tech" they care about numba go up, fast
tech wins long term in this game I think, unless you're an exchange. they play by different rules
So you're saying it will 100x from here?
Yes i am. But bizplebs rather chase microcap rugs when they instead could invest in the safest 100x crypto has ever seen
Polkadot is probably the most respected project of all, among crypto developers / community (im not talking about jeets and "investors", but actual people who run the crypto infrastructure). It will naturally claim its rank marketcap wise aswell
I have a colleague who works for parity and he says everyone in parity is bullish on dot because they are so sure their tech is the best among every single project in crypto
I used to work for parity (left almost two years ago but still very connected to them as a company) and yes. Genuinely has some of the best tech in the industry, and most of us felt that way. That being said, we'd rarely talk that much about price.
Polkadot just has been notoriously shit at marketing. And with the great decentralisation, I'm not sure it'll get much better. Then again maybe the great decentralisation (nice way of dressing up massive layoffs lmao) will end up being a net-good for marketing since now that endeavour can be pursued by the ever-growing community
It's a bit worrying that this kusamarian fellow basically gets no views on his YouTube stuff, on twitter same thing, Reddit (may Allah forgive me for uttering that name) same... It's a ghost town
yeah it sucks. The space monkeys show they do has some decent interviews. There's a really good one with Gav, and a couple days ago they did with with Basti, who is absolutely one of my favourite people at Parity. Those early days the company had such a good vibe, but it just fucking grew too quickly. So while it sucks so many people got laid off, I'd love to see some of the vibes return to like they were in the 2018-2020 era. Might even be enough to make me return
Thanks for the insights into whats going on at parity anon - might I ask, vaguely, what you've been doing since you left? Smart contract Dev work sort of stuff?
nah just personal stuff, I don't currently work. Looking into doing some stuff for the kappa sigma mu society at the moment too.
Ooh I see so you're still quite involved in the whole polkadot ecosystem - thx for the answer
One last question if that's ok, do you know why jutta left?
This is an interesting question. She's now at matrix which is used by the polkadot crowd for comms. Would be cool if they brought it over to blockchain.
she's been on the matrix board for ages, even while she was at parity
no
been to a polkadot lecture on a blockchain conference. By far the most advanced tech out there.
Been a eth developer, but had no clue what those polkadt people were talking about
My friend who taks 48 dicks simultaneously every weekend says his anus is stretch for DOT
keep crying chud, I bought 3k at $5 and will sell at $50 in the next bullrun, oh and I'm staking so expect that stack to go to 4k by the time the bullrun arrives
>keep crying chud, I bought 3k at $5 and will sell at $50 in the next bullrun, oh and I'm staking so expect that stack to go to 4k by the time the bullrun arrives
i think high at 85$ my fren
me, europoor, 5000€ at 4,9$
if blockchain ever would be avilivable to the public it would be by interopearbility of many blockchains the simple proof of it is solana. Solana has the cheapest and the fastest transactions among every blockchain but it constantly lags due to the traffic on the network. By having many blockchains rosponsible for different sectors of econymy there isn't whole traffic on on one particullar chain.
but the tech doesn't matter if there is no adoption...
I sold at $54
thats why i hate 28 day unstaking periods. fuck that
Bifrost exists
it's over guys
Bamping one of the few good threads
Dot tech governance call happening right now on YouTube btw
the problem is really adoption, nobody is using it unfortunately and i don't see them getting out of this. where is the killer app that we need?
you know that normies don't care about the tech, so it can be the best in the business but if no one adopts it it is almost useless.
There are lots of people using polkadot without even knowing they are. Bringing crypto traders on chain is okay but it's ultimately not a growth market. I think most of polkadot is focusing on enterprise and industry level adoption.
Take energy web for instance. They were set up by a former parity founder who's still on the board at web3 foundation, using the venture capital fund that Gavin advises (scytale digital) and use polkadot SDK to provide energy market services. They've basically swept the industry onto their chain and no one even mentions it. Like there's zero competition, their goal is to have the world's energy market trading on their network and they'll probably get there, they've already made a few deals with governments.
This is the sort of stuff that's going to get brought onto polkadot. The degen plays by the average retail investor in today's market is basically meaningless in comparison.
My biggest mistake in crypto was crowdloans, still dot has solid development but im here for the money, not the tech
Which crowdloans did you participate in m8?
No. That would be Litecoin
I have 270 dots just because I wanted to stake on my Trust Wallet.
Somehow I do not get any rewards, so fuck this shit
Dear dot sisters explain to an rookie why the fuck does anyone create a new token in the asset hub and uses it in another blockchain?
What
Look for polkgold in the assethub. I never saw this type of scam.
My P stays G O L D
But seriously someone was just messing around. Probably just testing.
I got someone who's head bent on DOT, I wish him well though. Now asides my long-term bags I've Adlunam in my radar as my next buy, currently trading on Pancakeswap and is well situated for a pump
Easiest fucking investment. Check 'em.