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27751165 No.27751165 [Reply] [Original]

Will it kill eth?

>> No.27751269

No and it’s not trying to.

>> No.27751364

>>27751165
Eth is killing itself with the $150 gas fees. Doesn't need help.

>> No.27751382

Polka dot? Polka on deez nuts.

>> No.27752461

>>27751364
The fees are that high because of how much tx activity there is, it's a sign of growth. The more people competing to have their txs included in a timely manner, the higher the fees. It's because of how successful eth and its defi is.

>> No.27752562

>>27751165
No its going to help it

>> No.27752599

>>27752461
Also the fees arent actualy that high, more like $50-60 at the peak hours.

>> No.27752702

>>27751364
How do you reduce tx with high usage? More computers mining?
More Jews Jewing?

>> No.27752744

>>27751165

Unironically ADA will

>> No.27752905

>>27751165
what tranny coin is this?

>> No.27752915

>>27752599
Is everyone on biz a fucking millionaire that they can throw away $60 just like that one what essentially ammounts to NOTHING?

>> No.27752955

>>27752461
Fees are not a good thing. Don't be retarded. Its just pent up demand for better chains. AKA Polkadot.

>DeFi is very exciting for Ethereum but in a weird way is actually really really bullish in my mind for systems like Polkadot or Dfinity that are from an engineering perspective just candidly far ahead of Ethereum. [...] And so I do think we'll see a lot of DeFi migrate from Ethereum to Polkadot

-Olaf Carlson Wee, aka the #1 dude in the #1 crypto VC in the world.

https://old.reddit.com/r/polkadot_market/comments/iw5ium/not_sure_why_this_wasnt_posted_before_olaf/

>> No.27753041

>>27752461
Yeah we get it, its successful. Ethereum is great. But it's completely outgrown its capacity and needs second layer solutions ASAP or defi will not gain widespread adoption.

>>27751165
Eth in a network. Polkadot is a meta-network that eth could easily be bridged to. The creator of Polkadot is one of the main creators and contributors to Eth and has no intention of killing it. Polkadot was designed to complement it. However, polkadot is a more mature model, what he later thought eth should be. The network is much more exclusive. Meaning only high profile projects will be able to gain access to it and only the successful will be able to continue. Kusama, it's sister network, is much more relaxed and will allow for a more open and experimental version of Polkadot.

>> No.27753148

>>27751165
No.. but it will eventually be used a lot more than Eth and will also be able to connect to Eth blockchains, I'm sure each will have their own use cases long term.

>> No.27753162

>>27751165
Danko did an interesting Q&A talking about why he's launching Reef on Dot, he was talking about how it's not really an Eth killer, but rather a tool that can unite the entire crypto landscape. Quite interesting.

>> No.27753211

>>27752599
It's 150$ at peak hours, who the fuck is going to spend that unless they're trading tens of thousands of dollars worth of shitcoins? This is why crypto will never take off as anything other than a scammer circlejerk.

>> No.27753248

>>27752905
What a nigger you are. Whole board shilling a COMPLETE USELESS MCDONALS REEF RUBIC FUCKCUBIC shit and you asking what Polka do? Fuck you and you dad with huge shiba's dog dildo

>> No.27753584

My dick is hard, I repeat, my dick is HARD
>massive buy signal

I’m gonna YOLO my wife’s savings into Polkadot, REEF, and SURF. The only projects with an actual future, not just a way to take other anon’s monies

>> No.27754044

>>27751269
This

>> No.27754110

>>27753584
>The only projects with an actual future

That's the part that the WSB morons miss. If you're gonna YOLO into something do it on a project with fundamentals, not shit like Doge or GME.

>> No.27754242

>>27752702
Better blockchain design. Aka Polkadot.

>> No.27754386

>>27752915
It cost money to make money nigger.

>> No.27754550

>>27753248
Are you a retard or something? The coin is clearly a fucking tranny coin, so do yourself favour get based and stop being a fucking retard you sheep cunt . Your sister should have swallowed you .
fuck you
fuck your mother
fuck your stupid coins

>> No.27754651

The are currently 900 million DOT. 60% of that is locked on staking and 30% is allocated for the founders.

Essentially there are 90 million DOT that can freely traded on the open market.

Now keep in mind that once parachain auctions launch, the DOTs that will be raised for the parachain slot will be locked for at least 12 to 24 months and returned back to investors or held in the parachain to keep the parachain slot, and thus millions of more DOT will be locked away from being dumped on the open market. There will only be 100 parachain slots so, there will be HUGE FOMO.

DOT will also be locked in DeFi projects built on polkadot for liquidity which will remove more DOT from the market and make the supply scarce.

Also, as more people stake their DOT the minimum amount of DOT need to stake also rises. Now you will need AT LEAST 120 DOT just to stake and as more people stake the more DOT you will need in order to be able to stake.

The tokenomics of polkadot and the amount of support it gets from crypto platforms like binance, kraken, kucoin is excellent.

>> No.27754790

>>27751364
This kek

>> No.27754810
File: 17 KB, 378x378, vitalik.jpg [View same] [iqdb] [saucenao] [google]
27754810

No, I don't think any of the "eth killers" will actually kill eth. Hell, polkadot isn't even advertising itself as an eth killer, and instead working alongside it. ETH's first-mover advantage and network effects are just too significant to overcome.

That said, the threat of "eth killers" is a good thing because it incentivizes the lazy commie spaghetti coders at the ethereum foundation to actually get off their asses and deliver a working product. I guarantee that if it weren't for DOT/ADA, ETH2.0 would be even farther away.

>> No.27754990

>>27754651
Stop anon.. stoppp I can only get so erect

>> No.27755280

>>27754990
Also, Greyscale has opened new trusts for LINK, AAVE, and Polkadot. So greyscale will also scoop up a couple million DOT and have them locked up for 6 to 12 months.

>> No.27755343

>>27752702
Expand the network. Maybe build parallel network(s) that work exactly the same way and depending on traffic your transaction gets deferred to the network with the least traffic?

>> No.27755485

ADA will and this board cant accept it

>> No.27755488

>>27754651
>30% is allocated for the founders.

Less than that, and they've been selling that in ICO rounds (3 of them) + a shitton of grants.

>> No.27755522

>>27751165
nothing with a name like polkadot and the associated branding will gain traction. its poorly branded and marketed in relation to what it is.

sounds like a website where youd buy womens undies or something

>> No.27755536

>>27752599
>Also the fees arent actualy that high, more like $50-60 at the peak hours.
I saw $200 per tx today, i wouldnt mind if i bought 100k of some shitcoin but most i can put right now is 0.1eth on risky shit, so i gotta 5x on a coin to be in profit and pay 2txs...
...

>> No.27755648

>>27753211
Cardano will solve this problem.

>> No.27755658

>>27751165
>Will it kill eth?
Depends on how delayed ETH2 gets

>> No.27755662
File: 2.01 MB, 3008x2000, 1606016271173.jpg [View same] [iqdb] [saucenao] [google]
27755662

>>27754810
based and this is the only acceptable answer

>> No.27755674

>>27755522
Digits fucking confirm.
Polkadot is a shit name.

>> No.27755916

>>27755522
>nothing with a name like polkadot and the associated branding will gain traction.

https://polkaproject.com/

Lol keep coping but polkadot launched this summer and already has more projects than Cardano, AVAX, EOS and all these other "eth killers" combined. New DeFi projects are being built on polkadot and existing DeFi projects like sushiswap are switching from ETH network over to polkadot.

>> No.27756102

>>27755674
Imagine not buying into the chain with the best tech + fundamentals + ecosystem growth because you don't like the name. Its like not buying Apple in the 80s because apple is a fruit.

>> No.27756849

The idea of PolkaDot 'Killing' Eth is so fucking stupid. Both Vitalik and Gavin have said it will boost the whole fucking DeFi landscape and lay the foundations for web3. Polkadot applications have a bridge to Ethereum and vice versa meaning they will both co-exist.

There are only 100 parachains on Dot (20 this year) meaning slots for a parachains are extremely rare. Not every project that is claiming to be on DOT will manage to get a parachain, but the ones that do will moon. The ones that don't will still have a bridge to dot via MoonBeam or Plasm, or they could apply for a parathread (shitty parachain). I'm heavily invested in the Dot ecosystem, Dot and DeFi will be the leaders of this bullrun.

>> No.27757024

>>27756849
This. $100 DOT by summer and $300 by EOY.

>> No.27757238

>>27751165
collab with eth, not eth killer, do at least 2 mins of research faggot!

>> No.27757240

>>27756849
Same here.
How much crust you got?

>> No.27757476

>>27755916
what am i coping about ?

i literally have no idea what polkadot is. its not immediately apparent which is a huge concern.

the only reason i knew anything was because you said it was an eth killer so i assumed it was a platform for minting improved versions of erc20 tokens.

it just doesnt have the right branding or marketing to gain mass adoption among techies or be a flagship for crypto. get some gains and gtfo out of it, youre lucky you saw my posts.

>> No.27757996

>>27757476
Umm.. you can't be serious.
What you really meant to say is: I haven't bothered doing my research on Polkadot and therefore no one else knows anything about it either. LOL.

I suggest you start here https://web3.foundation/grants/

Polkadot projects are going to make many millionaires in 2021.

>> No.27758076

>>27757240
Didn't go with any Crust, got lots of Phala, Sora and ChainX. Also own Polkastarter and Reef but they aren't bidding for a parachain anytime soon.

I've applied for the BiFrost token minting which starts soon, they should be getting a parachain. Also got my eye on Acala, MoonBeam and Plasm when they do public sales.

>> No.27758170

>>27757476
You are retarded, and I'm not being ironic about it. You're the equivalent of a tech illiterate faggot shitting on Bitcoin as "internet money" back when it was $10.

>> No.27758584

>>27752461
>high fees are actually bullish
imagine being this retarded

>> No.27758587

>>27758076
Nice. Been eyeing Plasm too. It's amazing how rapidly the polkadot ecosystem is moving now.. Need parachains asap.

>> No.27759008

>>27758170
ive been in crypto nearly a decade. its attuned my bullshit senses to an extent that i basically have ESP for crypto. sorry that you were shilled into being a bagholder for this incredibly stupid project.

>>27757996
speaking of the word project, its hilarious that instead of polkadot.com its
"polkaproject"

fucking PROJECT IN THE URL LMAO

simply reeks of unconfident, amateur and nothing concrete.

imagine chainlinkproject if you need help seeing the differing levels of legitimacy.

so what is it, is it polka ? is it polkadot ?

nobody knows. the images you posted with the little diagram of arrows going to this and that, thats called being plugged into itself.

when a crypto promises everything its called being plugged into itself. when the economy of the platform is rewarding users with something to further participate in the project, youve got a financial perpetual motion machine.

the laws of physics and economics prohibit this.

this shit is literally tron in 2021, a stupid embarassment to be involved with

>> No.27759385

>>27759008
I don't know if you're trolling or not. You don't even make sense.. Confirmed low IQ pajeet with 0 understanding of technology.

Once again, start here: https://web3.foundation/about/

>> No.27759624

>>27759008
giga chad

>> No.27759867

>>27759008
Actually retarded. You joined crypto this september, don't lie. Else you'd know about Dot.

>> No.27760810

>>27759008
polkaproject is some random site made by a person who wanted to make a list of projects building on Polkadot. I don't think it's officially affiliated. URL makes sense...