i'm a polkadot maxi and here's why

[Anonymous No.54662587]

(white) software dev here, please feel free to take notes while i spoonfeed the audience
our first lesson will be free of charge, let's begin

[Anonymous No.54662592]

>largest developer community (+1000 counting kusama and parachains), only second to ethereum

[Anonymous No.54662600]

>>54662592
same in a graphic for you all

[Anonymous No.54662603]

>Please nominate 250 DOT to be told the rest of "muh devs"

[Anonymous No.54662605]

>both the most active and educated, with the fastest growth in history

[Anonymous No.54662618]

>constant development even in bear market
>>54662603
you can nominate with only 1 dot, now please sit back while i finish educating your kind

[Anonymous No.54662624]

>constantly educating people and bringing more developers on board around the globe with free programs to join

[Anonymous No.54662637]

>highest nakamoto coefficient (99) for pos networks, only second to bitcoin

[Anonymous No.54662652]

>highest staking rewards once adjusted by inflation

[Anonymous No.54662660]

>most institutional money after bitcoin and ethereum

[Anonymous No.54662670]

>software not a security, active meetings with the sec for more than 3 years

[Anonymous No.54662674]

>>54662618
>you can nominate with only 1 dot
Thank god, imagine if there was some sort of staking minimum to get rewards and not waste your time

[Anonymous No.54662688]

>true innovation, not your average geth clone
>true infrastructure as the de facto layer0
>true modularity
>true sharding
>true shared security from the ground up, not some vaporware like interchain security
>best interchain communication protocol (xcm)
>perfectly fits coming narratives (appchains/rollups) as rollups are just poorman's parachains
>best governance on chain
>no need for forks, seamless upgrades
>price hasn't explode yet, first parachains launched on the first month of bear market
>makes /biz/ and paid shills seethe

[Anonymous No.54662751]

oh, and i always forget about light clients, no more need for centralized rpcs
and parathreads aren't even live yet, once everyone start paying for blockspace on demand, it's over for anything else, literally no one has already achieve all this

[Anonymous No.54662854]

Gavin Wood is a mentally ill bugchasing pedophile.
Polkadot will go nowhere and your investment will go to 0. you better buy AVAX.

[Anonymous No.54662868]

>>54662854
thx4thebump

[Anonymous No.54662878]

dot is the biggest pile of garbage. got outperformed by everything else, including link

[Anonymous No.54663165]

> software dev

Translated: doesn't know how to communicate with normies, always arrives to fads way too late after they already die out.

[Anonymous No.54663436]

>>54662587
Just keep stacking anon. Someday they will all see

[Anonymous No.54663969]

>>54662587
Cosmos better

[Anonymous No.54664015]

>very low adoption
>60 second finality
>limited to 1000 validators, which are split by up to 100 parachains (i.e. 10 validators per parachain)
>costs millions to participate as a validator
>uncapped and inflationary
>paedophile founder stepping away from leadership
it's a no from me x

[Anonymous No.54664200]

>>54664015
>very low adoption
name something out of ethereum with organic and sustained adoption, i'll be waiting
>60 second finality
actually it's 12 seconds, soon to be 6 and constantly improving
imagine thinking finality is somewhat that relevant once you've reached a few seconds without making any security compromise
>limited to 1000 validators, which are split by up to 100 parachains (i.e. 10 validators per parachain)
??? this is so stupidly wrong i don't even know where to begin, 1000 validators isn't some hard fix, same with the total numbers of parachains, both could easily be tweaked given future needs (and they will)
even then it's the more decentralized of them all when you look for nakamoto coefficients
are you even aware what modularity or shared security mean? every parachain has the same consensus mechanism given by the relay chain, their work is just execution pretty much like the beacon chain and rollups on ethereum, there's no split lmao, that would put to waste all the architecture and design decisions taken
>costs millions to participate as a validator
yeah, you're just talking out of your ass
>uncapped and inflationary
bitcoin inflation: 2%
polkadot inflation: 7%, easily off-set by staking rewards
why would any smart contract platform that derives its value from being used attempt to become some kind of storage of value and/or deflationary like eth ponzinomics?
>paedophile founder stepping away from leadership
wondering if you would say the same thing about vitalik
how is gavin stepping away when he stepped down from a burochratic role (ceo) so he could focus back on coding and building the tech stack where he excels as a compsci phd?

[Anonymous No.54664207]

>>54663969
better at what? at being appeling to blockchain illiterate people and reddit tier retail? dude, listen, they aren't even on the same league, educate yourself or ask me for advice

[Anonymous No.54664265]

better buy avax

[Anonymous No.54664272]

>>54664265
better get a real job? isn't like 9 am in turkey?

[Anonymous No.54664405]

I’m basically all-in on DOT and parachain tokens but I’ll admit I’m worried about the auction system. Feels like this needs to be overhauled as it’s just not worth locking up for 2 years. Managed to make some profit off selling GLMR rewards early but down on all other rewards.

[Anonymous No.54664413]

Polkadot threads do badly here, dunno why. Parity have built the most robust and appealing suite of blockchain tools in the industry. Barely anyone knows or cares that even polygon is building on substrate now or that the first actually decentralised eth rollup will be a parachain using a collator set (mangata). Honestly the only reason I can think of is that people feel so deeply threatened by polkadot that they avoid even talking about it. It's whatever though, retail is not the target audience of polkadot, parity is concentrating all resources towards developers and it's working well.

[Anonymous No.54664471]

>>54664405
I think the auction system is fine. Long term it's not retail focused, chains will pay using their treasuries rather than crowdloans, which are for initial bootstrapping. The only issue with the first set of crowdloans was the timing at the crest of the bullrun.

[Anonymous No.54665375]

>>54662587
pedochain not needed

[Anonymous No.54665605]

>>54664413
>retail is not the target audience
i agree with this, but who is going to propel the price if not the retail?

[Aids No.54665661]

Will pool operators get to charge fees at some point? I'm running a pool

[Anonymous No.54665677]

>>54665605
Parachains are the consumer of dot, they'll drive the price. Relying on retail crypto investors is simply not sustainable for any project longterm, there's just not enough degens. Its funny that abstractly, everyone understands the ideal scenario for cryptoprojects is for them to be operating seamlessly in the background without end consumers having to worry about coins and wallets but when people actually start building this stuff you get "but who'll buy my bags then?" - the answer anon, is parachains.

[Anonymous No.54667019]

>>54662670
Did you hear Gensler say that if a project has a website, Twitter page, has to update software and if lawyers go in for a meeting it's probably a security?

[Anonymous No.54668912]

>>54667019
who cares lol

[Anonymous No.54668948]

>>54668912
Because half of what you're crapping on about won't happen if it's a security.
Unless 95% of people using dot are outside of the states you might have a problem, but keep your head in the sand.

[Anonymous No.54669007]

>>54668948
yes, they're outside of usa
take a look at astar partnerships with toyota, sony, and shibuza city. do you think they care about "muh, gary gensler said"?

[Anonymous No.54669045]

>>54669007
Same as Ripple really, 95% of their business is outside the US, not being listed on us exchanges hurt them massively. Unfortunately the fucking hook nosed lizard man hurts projects globally.

[Anonymous No.54669094]

>>54669045
but dot is listed everywhere?

[Anonymous No.54669123]

>>54669094
Yes but as I was saying if the lizard man says dot is a security for reasons above then exchanges will delist it. Hopefully it doesn't happen I'm fond of kusama.

[Anonymous No.54670969]

>>54669123
how is that different from literally every other coin? US citizens couldn't participate in the polkadot ico btw, so he has bigger fish to catch anyway

[Anonymous No.54671043]

>>54662592
number of developer accounts is the main reason this project is here for the longterm, ETH has the most developers in the crypto community and is the reason it has been no2 in terms of marketcap

[Anonymous No.54671991]

>>54663969
read carefully and come back:
https://forum.polkadot.network/t/what-are-some-differences-between-substrate-and-cosmos-sdk/1354/8

[Anonymous No.54674120]

bump

[Anonymous No.54675150]

Good thread overall. Polkadot is my biggest bag and not really worried. Just staking and buying dips like today's.

[Anonymous No.54676066]

1. DOT projects like ACA and MOVR seem to be in the 'let's get out quick!' phase. Why?
2. Regular non tech savvy people preferred ETH and SOL in the last bullrun rather than DOT 'isolated' ecosystem. What's the plan moving forward? Convincing devs to migrate to DOT? How?

[Anonymous No.54676635]

>>54676066
1. could you please reformulate? i don't get what you're trying to ask
next october their leasing will end and both of them will keep renting that same slot, they're pretty committed to the dotsama ecosystem
2. ethereum is ethereum and isn't going anywhere as far as the market keeps engulfing every narrative they push despite how stupid or inviable it could be on the long term
good thing is: 1. polkadot doesn't need for ethereum to fail, 2. any decision ethereum had been taken is pretty much what polkadot is already doing today, ie, modular architecture whit a beacon (eth)/relay(dot) chain as a settlement layer and consensus and rollups/parachains as execution
regarding solana, take anything sol related with a grain of salt, nothing there were organic and it's actually showing in how much it crashed
dot ecosystem weren't ready last bull run, first round of auctions just went live very close to the beginning of the bear market so there weren't any time to attract users/tvl
also they intentionally don't do any marketing to retail because of regulatory concern, they've been talking with the sec for 3 years now and i'm pretty sure it's related to avoid being cataloged as a security
the plan moving forward is to keep working, lol, as you can see in my first posts the dev community is the 2nd in the whole space behind eth so keep building and securing that position for next bull is the only right thing to do, dot tech stack speaks for itself and it had always been its development philosophy

[Anonymous No.54676802]

dot is a dead shitcoin
show me what's actually being used on it

[Anonymous No.54676827]

>>54676802
yeah, enjoy buying at 3 digits by end of 2024

[Anonymous No.54676834]

Does DOT have a sui/make it or some kind of bag holder tier list? I'm not too comfy with how little I have.

[Anonymous No.54676943]

>>54676635
1. Dumping bags. You won't dump your bags in such relatively low price (charting wise) if you're confident about the future.
2. DOT core team/devs seem to not understand their own business model.
>keep working
Exactly. Classic "just build and customers will come" dev mentality. So they want to create base layer for everyone to build on and yet they don't even try to attract people.
Look at Cosmos for example, their tech is behind and ATOM still couldn't capture the real value of ecosystem but they're good at attracting great projects. From outside looking in, DOT looks like a cash burner. You need to make everyone happy, not just devs. Inflation and uncapped supply doesn't sound good for investors.

[Anonymous No.54676956]

>>54676827
it can't even break $7

[Anonymous No.54677052]

1. still don't get what's your point here, what proof do you have acala and moonbeam are dumping, and on purpose?
2. actually they do, they understand better than anyone how incentives and game theory/optimization work, they know there ain't no such thing as a free lunch (like the stupid thing cosmos does with so many worthless airdrops to retain clueless retail)
all the auction stuff is probably going to be modified somewhere in the future, it's being discussed as we speak and people will dynamically earn rewards not only by staking but also by bonding to new projects trying to secure a parachain adjusted by some ratio between the two
and as i said even then they are close to launch parathreads as well where you just can pay for blockspace on demand as you go
your work isn't to attract people, that's not the ethos of blockchain and you're not supposed to run it like your average company
last cycle avalanche and such spent lots of money on incentive programs and how they ended? only 95 full time devs left, draining tvl, pretty much falling into irrelevance, what a success, huh?
about tokenomics, i've already answered that: inflation is easily offset by staking rewatds, the network value comes from it being used, it doesn't have any sense to introduce deflationary dynamics that incentives hoarding
if you want hard money stick with bitcoin, here you're paying for tokens needed to make some computation in a decentralized manner, pretty much like you needed coins back in the 90s to make some calls on public telephones
>>54676956
do you mean like any other alt atm?

[Anonymous No.54677959]

>>54668912
well, you do, since you list these meetings with the sec as a pro not a con

[Anonymous No.54677960]

>bought 100 DOT yesterday for 6.40 each
>wake up today, its 6.01 and 5.5% down
suffering.
ah well. its all relative. id have 115 DOTs instead of 103 or whatever. It sucks but ah well.
Holding till BTC is over 100k.

[Anonymous No.54678053]

Love me some DOT

[Anonymous No.54678059]

>all these developers
accomplishing what?

[Anonymous No.54678187]

>>54678059
The most sophisticated allocator of decentralised computation on the planet and a holistic suite of tools to access it.

Not a lot of people appreciate what polkadot is building at the moment, because they're doing a whole heap and frankly keeping very quiet, but let me explain - All blockchains write blocks at a set pace. Synchronised to the network, like a ticking clock. Blocks are minted regardless of whether anything changed, meaning huge amounts of waste and paying for validation that is under utilised. The end goal of polkadot is a system where blocks are only minted as they're filled, on a dynamic timeframe, from a dynamic set of collators - i.e. parachains and parathreads. Asynchronous backing was one of the first steps necessary, reducing blocktimes from 12 to 6 seconds, and also being essential to facilitating parathreads. Eventually it'll be halved again and then again and then made fully dynamic. Initially parathreads will buy their blocks in timeslots, but eventually they'll be able to buy down to a block at a time. This is a revolution in blockchain architecture, and will change how people build and think about blockchains and the services they can provide. Gone are 99% of shitcoins. Got something useful to do? Spin up a parathread. Mint only the blocks you need until you next need them again.

It's a no brainer really, provide the most secure blockspace, capable of the most dynamic computation and all the tooling to build on top of it with substrate, ink!, XCMP, etc., and let others do what they will with it.

[Anonymous No.54678257]

>>54664413
And horseshitcoins do the best here. Because people are desperately looking for the x1000 coin and are not happy with DOT because it could give them "only" x8-10max.
Thats why they don't like DOT

[Anonymous No.54678350]

>>54678187
What do you think are the most promising parachains?

[Anonymous No.54678467]

>>54678350
I keep shilling apillon's integrations, because I think they've got a great product. They're integrating phala, kilt, crust and moonbeam into a simple sdk for web2 developers to fully decentralise their websites. The nice thing is that they're not trying to push these parachains onto the end user, it's all backend for the devs. Outside of them, astar, interlay, hydra DX and sora all have interesting things going on with them, and Invarch and jur for their potential with on chain governance. Energy web has been getting a lot of hype as a potential nested relay chain as well, they're building a smart onchain energy market and have an enormous consortium of energy companies backing them.

[Aids No.54678527]

>>54678467
Doesn't even mention trac

[Anonymous No.54678537]

>>54678527
Honestly don't know enough about their product or development plan

[Anonymous No.54678544]

whats the suicide stack? I have 103 DOT right now and can buy maybe 5-10 DOT per week atm.

[Anonymous No.54678579]

I think its insane you can buy DOT right now for the same price it was when the project started 3 years ago and people are sleeping on it.
Its like buying Ethereum at $50-100 right now.

[Anonymous No.54678587]

>>54678544
1000 sui stack. You should have a good opportunity to buy in december when the first crowdloans unlock. Worth keeping some fiat for that.

[Anonymous No.54678653]

>>54678587
How about moonbeam for a safe blue chip choice?

[Anonymous No.54678709]

Price prediction this bullrun?

[Anonymous No.54678757]

>>54678653
Get a decent dot bag first. Parachains may come and go, but the dot is eternal. Plus when the sora card comes out you'll be able to live off your staking rewards, spending it like fiat. It's gonna be comfy af.

[Anonymous No.54680672]

>>54678709
$120 min

[Anonymous No.54680931]

>>54662587

When will Ledger offer support for all parachains as standard, like they do with all coins on other networks? Why has this not happened?

[Anonymous No.54681535]

>>54680931
https://blog.eqlab.io/proposed-solution-for-ledger-integration-compatible-with-all-polkadot-parachains/

[Anonymous No.54681748]

>>54664200
You had me until
>burochratic