Let's be real, is this happening?
I have been accumulating, and have a nice staked bag by now. In theory, as a L0 created by one of ETH founders and backed by big VC money and decent amount of developers, it should become much larger in the future.
On the other hand, it is mostly run by VCs and big money makes the decisions, there is little hype or discussion about it, there are some doubts that it comes out ahead of other L0/1 solutions (ATOM, ADA, AVAX), and it already has (almost) top 10 market cap.
How is your bag feeling?
Let's be real, is this happening?
Jonathan Anderson
Other urls found in this thread:
yahoo.com
github.com
github.com
moonriver.moonscan.io
forum.romedao.finance
twitter.com
Jacob White
Always follow the smart money. It's the most held coin by investors for a reason. Ive been comfortably staking on Kraken throughout the bear market just waiting. It is reaching a new ATH this year.
Andrew Cruz
Dont over think it.
yahoo.com
Kayden Jenkins
I feel like it's in limbo at the moment. On one hand it seems like some much needed functionality is just around the corner. On the other hand I feel the whole auctions process needs to be revised. It's slowing down progress plus low interest for crowdloans means projects can lowball rewards creating a shitty feedback loop.
Still I'm all-in on DOT and its ecosystem tokens. It's one of the few projects that doesn't seem like a typical corporation. But I'm done crowdloaning and stacking up on recent dips so I get more out of staking.
Dominic Baker
"Zug, Switzerland--(Newsfile Corp. - February 28, 2022) - The Web3 Foundation has been invited to become an associate partner at the World Economic Forum."
To reiterate, if you dont know what this means then your NGMI. DOT is a walled garden/safe space designed for WEF affiliates to park their billions in "Defi" safely without worries because each project of vetted and chosen by the (((community))).
Wyatt Turner
Is it still smart money if it's already top 11?
It's really that simple, huh.
I think I will keep accumulating as long as it stays around this price. As for the future. Have there been any really good rewards from the auctions?
Luis Collins
Yes it really is that simple.
Aaron Jackson
>Have there been any really good rewards from the auctions?
I got lucky that I was able to sell the exchange listing pump for GLMR. Of course, this only goes for the initial 30% of your reward that was transferrable but that third allowed me to instantly buy back the amount of DOT that I had crowdloaned. Other projects not that great, especially since they released after the market dumped. Holding on to those until next bullrun.
Nolan White
Did you do it through an exchange, or polkadot.js or what other options are there?
Tyler Gomez
my api3 bag feels warm and comfy
like a fucking blanket that's shielding me from bullshit like that pedo story
enjoy the ride to 0 faggot
Elijah Jones
im seething because i bought goylana instead. honestly i couldnt jnderstand why dot changed their logo from the slick p to a butthole and it somehow irritated my mind
Landon Edwards
If your stacking DOT I recommend hedging with ATOM.
ATOM - 17B TVL, 9B Market Cap, secures Binance, Crypto.com, Terra.
DOT - 1.3B TVL, 20B Market Cap, secures ..???
I still hold more DOT than ATOM because the giga elite have quietly tapped DOT to be its swiss bank of Crypto. However ATOM is the actual leader in the space by an extremely wide margin if we compare TVL to marketcap ratio when looking at L0s. Shared security is also being added to ATOM in the not too distance future as an optional service which could be a catalyst. I have 50/50 ratio of DOT and ATOM so I'm gonna make it regardless.
Luis Gonzalez
>secures ..???
It's a general purpose security network for blockchains. That's the whole point.
captcha: TR00N lmao
Andrew Long
>Let's be real, is this happening?
I'm all in the ksm/movr eco and I don't know what the devs are doing exactly when it comes to the dot eco as a whole, they say they have these grants for devs to build on their eco, but these funds never seem to get handed out to anybody and the governance is a complete joke with VCs constantly upping the minimum staking amount
I'm pretty big in Rome at the moment and there's been a bit of talk surrounding the moonriver blocktime issue thanks to kusama breaking or something. This is not good, if one of your biggest projects in the eco are considering leaving your chain due to no help and a broken chain then you really need a kick up the butt. I have no idea what's going on in the dot, it feels like the VCs are constantly fishing for new blood to lock up their dot/ksm in the auctions so they can dump on them
Here is the kusama issue I was talking about. It's been broken since early Feb lmfao
github.com
github.com
You can see here that blocktimes were up to 25 seconds at one lol
moonriver.moonscan.io
and here's a forum post about Rome looking to swicthing to Avax from Movr
forum.romedao.finance
Honestly I feel really uneasy being all in the DOT eco right noiw
Mason Peterson
It's a pedophilia coin. I'm not sorry
Elijah Diaz
I contributed on chain, either through polkadot.js or polkadot.js dashboard on the project. I didn't trust some of the projects to hold my DOT. It may have cost me some additional rewards but at least I got the rewards as soon as they were available. Otherwise I wouldn't have been able to sell some ASTR and GLMR early when prices were still okay.
Some exchanges only released participants' DOT much later, after the exchanges had already dumped their rewards.
Also heard some stories of some projects who didn't immediately return crowdloaned DOT after a failed auction bid.
I didn't feel like messing with liquid DOT because I'm lazy like that. Maybe I'm missing out there but it doesn't feel worth the hassle.
Gavin Cook
ATOM doesn't benefit from its own hubs bar airdrops, Cosmos should change their economic design to something similar to Avalanche subnets where validators that secure X subnet must stake minimum 2000 AVAX+Use ATOM for cross hubs txs
The problem with Cosmos is that the main chain doesn't get action while in Avalanche the primary network is seeing all of the action (C-Chain)+It's flexible, Meaning that AVAX token see more value accrual regardless of the subnet notion and as functioning monolithic L1.
John Nguyen
>like avax except the founder is a pedo, it's slow as shit, nobody uses it, and operating a parachain costs millions of dollars
hmmm
Julian Morris
>I still hold more DOT than ATOM
3 sentences later
>I have 50/50 ratio of DOT and ATOM
still ygmi fren
Carson Nguyen
> and operating a parachain costs millions of dollars
Uhhhh I wonder why think it's called a crowdloan. Please go back to your AVAX thread.
Eli Price
Agreed it could be better. Right now ATOM serves as essentially a default trading pair and airdrop locus. There's also the promise of interchain security (cross-chain collateralization) coming, but IIRC there's no ETA on that yet. The Cosmos ecosystem itself is doing phenomenal though so it's a shame that ATOM doesn't get more love.
Jason Lewis
DOT ecosystem is going to be big, better start exploring it now.
William Phillips
do you also hold MOVR? what do you think should I already sell it?
Nicholas Johnson
danger: tranny
Ethan Hall
>Bro if we get idiots to give us their dot it's free for us
Retail gets fucked, look at the price action of crowdloan coins. Stinky.
John Young
I'm heavily involved with all 4 (Cosmos, Polkadot, Cardano, Avalanche). Here's how I would rank them.
>Cosmos
The clear leader at this point. Wide inter-blockchain ecosystem with big names like Terra, CRO, Osmosis, Juno, Secret, etc. as part of network. Fees are cheap, transactions are fast, lots of development activity, clean well-developed user interfaces, and good value propositions for real-world adoption especially with Terra.
>Avalanche
Second behind Cosmos. Also lots of development activity and a burgeoning ecosystem. Shout out to Anchor protocol from Terra going cross-chain first to AVAX. However, the transaction speeds and fees are noticeably worse than on Cosmos.
>Polkadot
Lots of VC money and one of the ETH founders at the helm. Transaction fees and speeds are okay, still not as good as Cosmos. I don't like how expensive it is for parachains which gatekeeps projects. Allegedly a lot of developers being brought onboard though. I have a bag in case it becomes the next big thing.
>Cardano
Let's be real, it's mostly flopped on promises and schedule. Charles is a pathological liar and hypeman. I think nonetheless the design has some (theoretical) merit to it and might (eventually) go somewhere. I've had a bag staked for forever. Hopefully hydrahead fixes a lot of their shit but we'll see. They've got a lot of catch up to do.