You did buy the generational bottom at 3$... Right anon? You didn't fall for the FUD, did you?

hoping we can see $20 again at some point this year

>>60661887 (OP)
Is the Polkadot loser back?

>>60661936

We’re getting to
>$10 Aug
>$7-$9 Sept slump with all of crypto
>$20 October
>$70 November rush
>$90 December creep
>2026 bear down to $10-20
Screencap this

>>60661887 (OP)
>Polkadot
Wtf is this crap even

>>60662018

NoDotties will rope this fall when Polkadot touches $100

Polkadot 2.0 needs to be announced ASAP with a major branding focus if they have any goals of adoption while crypto is going through a bullish period. This is their make or break moment, normies are talking about other tokens and DOT is being forgotten hence the low volume in these DOT posts compared to previous cycles.

>>60662302
The future of finance.

>>60662351
Dot can’t become LINK.

>>60662302
Chinese scam

>>60662351
Dot 2.0 is basically already released. Next upgrade is JAM (run any code AKA decentralised amazon web services) in 12 to 24 months and then after that it's capping DOT supply, launching proof of personhood, 1 person 1 vote and sunsetting Proof of stake, to move to identity and reputation staking.

>>60662351
>Polkadot 2.0 needs to be announced ASAP
But... It's literally coming like in the next month. It's already deployed on Kusama. See here: https://polkadot.polkassembly.io/referenda/1645 . This is the last update that was needed before Elastic Scaling is launched and once ES is launched DOT 2.0 is officially up and running. DOT 2.0 = Elastic Scaling (launching next month) + Async Backing (already launched) + Agile Coretime (already launched). DOT 2.0 = 3 separate upgrades... To be honest, no one really cares about DOT 2.0 anymore, we're like literally looking forward towards DOT 3.0 already, which is JAM

Basically what this guy said >>60662899
>launching proof of personhood
Except that this is actually coming way earlier than JAM is, at least to my understanding (see here Citizenship: https://www.opengov.watch/polkadot-roadmap)

>>60662635
>Chinese scam
Xi Jinping himself designed the consensus mechanism apparently. HAIL THE COMMUNIST PARTY !!!

>>60661936
Once it break 5$ it'll go to 11$ fast. Once it break 11$ it'll be at 25$ in no time. People need to realize that there's no resistance... Nobody bought between 11$ and 25$, just look at the chart kek. Once we break 25$ it'll go to 50$ really fast again.

>>60661887 (OP)
At the slightest hint of his scam, this gay man comes here and posts nonsense. I've seen him do it for a while. His message has changed a bit. He usually lures morons with JAM.

>>60662351
To be honest the next major update is HUB, as in Polkadot Hub. Basically asset hub, a common good parachain on DOT, will get solidity smart contracts support using EVM and PVM. This will mean that ANY solidity smart contract will be able to launch without the need to deploy a whole parachain. You'll simply deploy on asset hub or HUB and it'll work. The deploy fees will also be VERY SMALL, imagine below 1$ whereas on ETH you literally could be paying anywhere up to 1000$+ if the network is congested. You'll also be able to use any of the other parachains functionality from HUB. So you'll be able to launch a solidity smart contract on HUB while using the functionality of ANY other parachain on DOT, while also having access to all the assets on the other chains while also having access to assets on other chains (this is done through Bridge Hub, HyperBridge and SnowBridge integrations)... This is the next big upgrade to DOT, after DOT 2.0 and then after that you'll get JAM and proof of personhood and individuality and stuff like that.

>>60662973
this

>>60662933
>Xi Jinping himself designed the consensus mechanism apparently. HAIL THE COMMUNIST PARTY !!!
Exactly

>>60662982
Well... China is going up and becoming the biggest super power in the world... And you know how they say "If you can't beat them, join them!"

ALL HAIL THE COMMUNIST PARTY

>>60662933
>Except that this is actually coming way earlier than JAM is, at least to my understanding (see here Citizenship: https://www.opengov.watch/polkadot-roadmap)

Yeah a lot of PoP work has been happening for maybe over a year now but I don't think there'll be much to do with it for a while aside from onboarding and trying to outrun AI. The proposed shift in security model is a big undertaking and will take a lot of time to understand and come to terms with, for stakers and node operators if nothing else. It's a big change compared to virtually every other blockchain.

What I really want to see finally are parathreads or PAYG rollups or whatever they're calling them at the moment. Most parachains running could be condensed to 4 per core easily, if not more. Project cycling needs to increase so we get more hydrations and less acalas.

>>60662987

>>60662997
Whomst?

>>60663002
The shit you try to sell here as soon as there's a micro pump.

>>60662994
>Project cycling needs to increase so we get more hydrations and less acalas.
What do you mean by "cycling"?

>>60663066
Churn. What we want is for fast turnover so failed projects make way for new projects to have a go. A lot of projects that launched on polkadot simply didn't get off the ground, but they still operate a parachain core that essentially take up a space that could be occupied by a new startup that could get big. Basically the system as it has been, 1 project 1 core and only through a bidding process, artificially constrained this cycling process as it gave inordinate advantage to preexisting projects regardless of success or utilisation. This was a big disadvantage compared to ethereum, avax, IBC chains etc.

>>60663145
I mean, there are enough cores to go around at this moment to be honest and they mostly fixed the cores being cheap AF therefore if someone can't afford the core they'll get cycled out sooner or later. I see your point, the only thing I'm trying to say is that no one is really getting the short end of the stick because of a lack of cores. There's plenty of cores, even for people like Acala... But yea, Acala probably doesn't need a whole core dedicated to themselves. As you've stated, there could be 4 or even more projects per core. 1 core can literally handle well over 1k TPS at this point and once NOMT hits it'll be over 10k TPS (there has also been other optimizations... so maybe even more)

>>60663199
Yeah they've resolved the bottleneck somewhat, but I think too late. There were supposed to be loads of projects onboarded by tanssi a year or two ago but they never materialised, likely they moved to competitors. That's frustrating.

Holy shit this coin is funny. Thank you for the laugh

>>60663247
People also mocked ETH/BTC in April and look at it now.

>>60661887 (OP)
wowweewowow.

>>60663591
holy fuck a real baggie coping in the wild, caught on camera

>>60663600
Exactly what I was told in ETH threads in April. That's classic /biz/ for you. Never take advantage of historical bottoms. I bet you're the same people who call others retards when they sell near the top.

>>60662997
>>60663247
>>60663599
Literally what this guy said >>60663678. People on here NEVER buy the bottoms. It's been crabbing for literally 5 whole years and never really went below the 3-5$ range. People on here are never early. They'll probably buy in at 25$... Oh well

Give me 4 more days until my lockup period ends

>>60661887 (OP)
what does polka dot do that an Eth L2 like arbitrum or zksync cannot?
why would people use polka dot and not Solana or Avalanche?

>>60662351
They finally started EVM compatibility to make it easy to copy paste any Ethereum smart contract to Polka Dot. But of course they're not buying out Moonbeam which already built EVM on Polka Dot they'd rather make their own from the beginning.
Lmao

>>60663906
>>60663915
Holy fuck this must be the biggest bait I've ever seen.

>polka dot
>Polka Dot
>Eth ereum
>Bit coin

>>60663707
People here are positioned on better projects, mister scammer. Even at $25 (it won't happen) no one will buy it since the performance of our coins is better and we also know that it will return to $3 very quickly. This graph is the total death of investors. When you come here to scam you never show the graph, you just throw out technical jargon. All I see is a lousy graph and projects that go away like Kilt.

>>60663958
oh no a minor spelling mistake

>>60663915
>they'd rather make their own from the beginning.

I think the evm pallet was one of the first to be developed. All they're doing is turning the pallet on in the parachain runtime. Not really new work. Personally I don't see it as a big deal as both moonbeam and astar have been chugging away for years but for many it's this big psychological thing to have a polkadot hub. Probably why it took this long to be considered.

>>60663906
>what does polka dot do that an Eth L2 like arbitrum or zksync cannot?
DOT is 1 chain that HOSTS many chains. These chains are interconnected and can seamlessly transfer between each other. You can also use functionality from any chain. So chain A can use functionality of chain B. It has more TPS and cheapers tx than other chains.

>why would people use polka dot and not Solana or Avalanche?
Because both of those are centralized while having higher tx fees while having less TPS.

The other thing is that Hyperbridge is the only decentalized bridge in crypto so far therefore DOT has the only safe bridge in crypto (we could argue that until BLS Beefy is implemented that this isn't 100% the case, sure...). There's other stuff I guess but these are the most important things.

>But of course they're not buying out Moonbeam which already built EVM on Polka Dot they'd rather make their own from the beginning.
They actually made PVM (Polkadot VM) which is like EVM but faster. You'll also be able to use EVM if you'll want to. Google "EVM vs PVM" and look at the AI overview. Also why would they "buy out" Moonbeam, they're literally a parachain on DOT itself, there's nothing to "buy out". Also the thing is that if you have the functionality directly on DOT then it's DOT native... Moonbeam could in theory get abandoned. Also PVM supports RISC-V

Also what this guy said >>60664020 (they've been developing this for some time)

>>60664058
>what does polka dot do that an Eth L2 like arbitrum or zksync cannot?
>why would people use polka dot and not Solana or Avalanche?
Also they all have less data availability. Also, after JAM comes out, you'll be able to run CONTINUOUS computations... DOT JAM can literally run a game on-chain... See this: https://www.youtube.com/shorts/aBA_aXBcpaE
No other chain is able to run continuous computation and no other chain is even close to implementing it.

Not decentralized.

>>60664058
>having higher tx fees while having less TPS
ignores faster consensus and chain utilization
>the only safe bridge in crypto
there's more than one safe bridge on Ethereum for layer 2
>there's nothing to "buy out"
>Moonbeam could in theory get abandoned.
they get the Moonbeam tech and development team into Polkadot and rebrand. They make a swap of Moonbeam tokens to DOT.
>PVM supports RISC-V
PVM supports a lot of extras that not many people are using

Continually getting this vibe: "Polka dot has a lot of nice extras but nothing that developers would move their projects for"
Hopefully with EVM compatibility Polka dot can get Aave and other big Ethereum projects. But then Polka dot is yet another EVM.

>>60663906
Polkadot parachains run on all the same validators, so the network can offer fully trustless interoperability. Polkadot SDK also provides decentralised sequencers, and the networks work item coordination can dynamically balance load, so can potentially deliver 10k+ tps/subsecond blocks or on the other side only posting blocks when the chain accrues enough tx requests, depending on cores bought, so can deliver both high performance and capital efficiency. Basically it offers maximally decentralised, maximally secure custom performance environments.

At the moment, eth rollups are underpinned by centralised sequencers and multisigs, with virtually no interop between them, let alone secure. Solana isn't actually a blockchain, and avalanche uses a sidechain "subnet" architecture that does not provide validation as a service, rather providing a loose lower security network where every chain has to bootstrap their own validator sets.

All things considered, polkadot is just the most performant of it's class. Doesn't make it a magic bullet obviously, projects using less performant platforms succeed just as much. Most blockchain applications don't require nearly as much capacity as polkadot offers, and most of that capacity is underutilised by dead projects due to the history of poor provisioning systems.

>>60664114
>ignores faster consensus and chain utilization
Not sure what you mean?

>there's more than one safe bridge on Ethereum for layer 2
They're all centralized

Also forgot to mention faster finality and what this guy said >>60664149. All of DOTs parachains share the security of the main chain and because the as the guy already mentioned they have the same validator set therefore are fully interoperable between each other. Interesting this is how you basically ignored everything that is unique to DOT and are giga focused on "Mah moonbeam" and you make arguments that are simply false statements like "there's more than one safe bridge on Ethereum for layer 2", there's exactly 0 decentralized bridges in any ecosystem outside of DOT.

>>60664114
>PVM supports a lot of extras that not many people are using
Yea, like what? Name two. You literally can't even spell the name Polkadot right. How do you know anything about PVM?

>>60664149
The parachains are leaving. Ask Kilt what they think.

>>60664199
Afaik Kilt failed because Ingo couldn't attract enough institutional interest. The new jeet team pivoted away from B2B to a B2C model, and are just following the users. The kus interview seems to suggest they'll maintain the parachain as backend, so no major loss. Personally I'd like failed projects to die faster than become a zombie load on the network.

>>60664192
1. interoperability between parachains
2. PVM 'improvements'
>How do you know anything about PVM
I read the pokeydot forum
>>60664178
>>ignores faster consensus and chain utilization
>Not sure what you mean?
Avalanche snowman consensus with quick finality
Solana fast transactions and many people using it, high tvl

>>60664178
>>there's more than one safe bridge on Ethereum for layer 2
>They're all centralized
Polka dot is centralized with interoperability security relying on Polka dot nodes only.
But either way, saying the eth bridge is centralized and ignoring all the other places blockchains are centralized is oversimplification
>Interesting this is how you basically ignored everything that is unique to DOT and are giga focused on "Mah moonbeam"
Yes that is how I've been posting. I've been ignoring a lot of things about Polka dot.
Mainly because Polka dot team is pretending moonbeam doesn't exist when they're already behind getting a copy-paste EVM running. Obvious signal something is wrong at Polka dot. And Moonbeam has existed for awhile, where are the users?

I've ignored many things unique to PolKa Dot because they are not interesting. They are unique but not must-haves.
Risc-v is nice but the majority of projects today don't care.
The projects of tomorrow may care but also want newer things like zksync that polka dot does not have.
Security of parachain based on Polka dot is nice but only fits a specific type of project. Other projects are fine having more options and doing their own security, paying less, etc. Many small projects are fine on Ethereum layer 2 without needing parachains because there's already more value flowing there.
Ironically at lower TVL the Polka dot interoperability is bad with parachains because it's not sticky. It's not good to have interoperability until there's already a larger amount of money in there. Otherwise it's too easy for people to get in and get out of the ecosystems.

diddly winks

>>60664437
>Polka dot is centralized with interoperability security relying on Polka dot nodes only.

Polkadot nodes are chain agnostic, they literally change parachain every 6 seconds on a verifiably random function. Polkadot is the blockchain with the highest nakamoto coefficient in the industry requiring 177 separate entities to collude before compromising the network. The next highest is Avail at 34 which is built using the Polkadot SDK.

>>60664471
Just leave him. He's obviously retarded

>Risc-v is nice but the majority of projects today don't care.
https://www.coindesk.com/tech/2025/04/21/vitalik-buterin-proposes-replacing-ethereums-evm-with-risc-v

If I asked him what RISC-V is he wouldn't even know. It's just a bait, don't feed him

>>60664471
I was wrong about how Polkadot nodes work. It's wonderful that Polkadot has the highest nakamoto coefficient.
>>60664491
>>Risc-v is nice but the majority of projects today don't care.
>https://www.coindesk.com/tech/2025/04/21/vitalik-buterin-proposes-replacing-ethereums-evm-with-risc-v
So if Ethereum adds risc-v, then risc-v is no longer a unique feature of Polka dot. Thanks for the article.

>>60664529
>So if Ethereum adds risc-v, then risc-v is no longer a unique feature of Polka dot. Thanks for the article.
Yes, you are right. What would we do without your wise words of knowledge
>adds RISC-V
>adds
Your level of comprehension about Eth erium is astonishing. You must be rich

>>60664232
The whole chain is a zombie

Polkadot may have the best tech in the crypto industry but it means nothing if no one is using the chain.
Apple is one of the most well known brands not because they have the best technology with the iPhone or Mac but they're brand carries them with undying loyalty

muh tech. any tech adv. will just be copied and implemented by other chains in a short amount of time. what matters is networking and power, the only way Polkadot succeeds is if it bribes some EU figures and works with them to help enslave the populace.. maybe there's some inklings of that with their focus on identity, but otherwise they don't seem to have what it takes to win this game.

>>60666088
>any tech adv. will just be copied and implemented by other chains in a short amount of time
That's not how it works

>if it bribes some EU figures and works with them to help enslave the populace
That's not how it works

Once we break through 5$ we'll be at 11$ in no time... Remember guys, it's literally the easiest 2x and there's more gains to be made after we break 11$

its literally chinese icy pee

>>60666829
CORRECT! Read this >>60662933
>Xi Jinping himself designed the consensus mechanism apparently. HAIL THE COMMUNIST PARTY !!!

>>60665364
I wouldn't say that. Peaq, phala, origin trail/neuroweb, energyweb and mythos are all industry leaders who utilise their blockspace well. Most of the successes on polkadot have so far been B2B with little to no consumer side, or have abstracted the wallet/blockchain interface out (mythos with NFA/FIFA Rivals) leaving little space for speculation or money movement on their projects. I would say that Hydration is the only successful user orientated chain, and has become the main defi platform on polkadot. Incidentally it has nearly doubled it's tvl in the past month, it's maybe broken into the top 10 dexes by tvl now, hovering around 350m. It took 4 years but there is organic momentum on a user facing app chain on polkadot now. Maybe the hub can tap into that and furthee build momentum.

Looking back to the 20/21 run, a lot of the most hyped projects crashed or fizzled out. Many have persisted, but haven't found their PMF. For the past 4 years a lot of them have been posting empty blocks. Those are the real zombies and until now have consumed an outsized proportion of resources.

See guys, this guys comment is a reflection of reality >>60666856. The only thing I'd add is that
>I would say that Hydration is the only successful user orientated chain
I would argue that this isn't 100% true. I would also add Bifrost as a successful user oriented chain. Also probably Hyperbridge and Snowbridge since bridges are really important and there's a lot of inflows from other ecosystems into DOT because of it. And it'll only get better once BLS Beefy gets implemented. Sean Lanlege from Hyperbridge has really been pushing for it since before he started pestering the fellowship about it they were literally "Yea, we sidelined that shit because we don't think it's important" while Sean was like "It would literally reduce bridge finality by at least 50% while making all the bridges (Hyperbridge, Snowbridge, Bridgehub and any future bridges) 100% decentralized.

Hyperbridge has also been incentivized just like Hydration has been

>>60666886
I always forget bifrost. I think bifrost and hydration synergised early and boosted each other, with incentivised pools on hydation and significant amounts of vDOT being minted to supply GDOT really boosting vDOTs uptake. I don't know if huge amounts of accounts actually interact with bifrost directly, but their products have been circulated widely.

Hyperbridge while a really admirable project has been suffering recently, and snowbridge has only recently been boosted with GETH pools on hydration. There have been issues with asset hub and snowbridge'd tokens being useless. Hopefully the incentivised DOT pools on the ethereum rollups help boost hyperbridges utilisation.

>>60666917
>I don't know if huge amounts of accounts actually interact with bifrost directly
See here:
https://data.parity.io/parachain-stats?frequency=daily&chain-type=combined&chains=&selection-mode=include&relay-chain=polkadot&proxy=exclude&batched=exclude
https://panorama.xcscan.io/
https://xcscan.io/analytics/
https://defillama.com/chains/Parachain

The thing is that Bifrost won't really have that much interaction since it's main purpose is liquid staking, not trading... So what I'm trying to say is that the TVL of the liquid staking product is more important than how many users or tx are being made. Most people just put their DOT into vDOT and then leave it at that. Also I'm not sure if GDOT is treated as 1 user from the side of Bifrost or as multiple users. Bifrost TVL has actually also been going up substantially due to GDOT. The interesting thing is that when I talk to people why they don't use Bifrost to stake DOT their argument is "It's not safe. I use the official staking dashboard"... It's literally like... Things can go wrong on the official staking board too. People refuse to use a better product while they have 0 technical reasons why it's unsafe. They simply believe it is and when asked why they can't provide any further clarification outside of "It's not as safe"... It's like a industry-wide PTSD from all the things that have gone wrong before... And on top of that people are conditioned to believe that if it's an OFFICIAL thing that that means it's "safe" for some reason while Bifrost isn't even though it's been running for what? 3 years? 4 years without anything going wrong. And I also always explain that even if something did go wrong you still have openGov which would fix the issue immediately.

>There have been issues with asset hub and snowbridge'd tokens being useless
What do you mean? Asset hub doesn't have it's own token and I think that SB also doesn't have it?

>>60666974
Fucking anti spam bot. What about image related is spam you stupid fucking bot piece of shit fuck

>>60667078
The spam prevention system sucks dicks yea... Oh well.. Yea, fuck test transactions, I've been sending literally 300k$+ without testing shit. I trust crypto more than my bank hahaha. I remember from like 7-8 years back when I was sending like I dunno. 50$ or 500$ worth of funds and I was literally sweating my balls off since I wasn't accustomed to it. Now sending any amount is the same shit to be honest.

>>60667102
>I trust crypto more than my bank hahaha
Shit, I just remembered. I don't even have a bank account anymore. Close your bank account and start telling people you don't have one. The looks and questions you'll get are hilarious and it's always a good chance to say stuff like "Banks are useless, I only use crypto". It's like a great shilling opportunity

>>60667102
Snowbridge definitely is fun to use. I like the tx tracker, you can watch your life savings zip across like 4 chains in real time. The internet truly is a series of tubes.

>>60667108
I need polkadot pay to come out for that bro.

>>60667123
>I like the tx tracker, you can watch your life savings zip across like 4 chains in real time.
I've never used it. Sounds fun

>I need polkadot pay to come out for that bro.
Doesn't nova wallet have a card? https://card.novawallet.io/

>>60667154
Unfortunately the infinitely cucked prison island is not a currently supported region.

>>60667162
Ah I see. You're in burgertown. Oh well Polkadot Pay soonTM https://polkadot.polkassembly.io/referenda/1608

>>60667179
Honestly I just want the gift card option that birdo demoed a few months back. Visa too trackable.

>>60667207
>the gift card option
What do you mean? How does it work?

>Visa too trackable.
I mean, it's a debit card, not a credit card. You'll have your DOT wallet and it'll directly connect to your DOT wallet. When you'll buy something it'll sell your DOT (or any other DOT ecosystem asset), convert it into $/€ (or the local currency where you're shopping) and it'll pay the shop. Not sure about the KYC you'll need to do if you want to get the card though. They'll probably require some sort of KYC but you can always get around that by finding some random junkie on the street and paying them like 100$ for their ID. So you basically KYC through his data and then if you spend your money it'll be his ass on the line but it's not like the authorities will even be able to find a random homeless junkie you found and even if they did it's not like he'll remember your face or anything.

>>60667225
The original polkadot pay app that was demoed converted your tokens to a gift card of the value of the transaction that you use for purchases, so was more anon and harder to track than a visa debit card that has a KYC'd account to your name. Dunno if they abandoned that system for the baanx card for 'compliance', I hope not.

>>60667285
>https://polkadot.polkassembly.io/referenda/1608
I mean if you look at the referendum at the bottom it says "The card launch is also great timing to expand the Polkadot App from being USA only to covering other countries like the United Kingdom and Europe more broadly."... Might be different for the US as for Europe and UK... Although I'm not sure

>>60666856
>I would say that Hydration is the only successful user orientated chain, and has become the main defi platform on polkadot. Incidentally it has nearly doubled it's tvl in the past month, it's maybe broken into the top 10 dexes by tvl now, hovering around 350m.
It's actually #11 according to defillama. Although it's not listed. https://defillama.com/protocols/dexs
https://x.com/Capo_Dot_/status/1939571303804997772
As Capo_Dot points out "With over $200M in TVL already, hitting $500M in the coming weeks or months doesn’t seem far off". We'll probably break 500m$ in the coming weeks, we're literally at 360$m TVL (https://app.hydration.net/stats/overview). Just the price increase of DOT alone from going from 5$ to 11$ will literally almost double the TVL. We might go over 1B$ in the coming months. This doesn't even consider that more assets will be added to the omnipool and that the ecosystem is getting more interconnected each day.

There has also been a new feature launched recently, https://x.com/Capo_Dot_/status/1939571303804997772, https://www.deploypolkadot.xyz/. You can now deploy a roll up within minutes.

We also keep forgetting that once JAM is implemented it'll be able to LITERALLY host Ethereum and all the ETH rollups, https://x.com/pala_labs/status/1947205594961883168. So what I'm saying is that Polkadot will be able to INFINITELY SCALE ETH. So everything will be able to get validated through DOT. And not just that, ANY OTHER CHAIN will also be able to scale directly through Polkadot without needing to do anything to be honest. This is something most people aren't even considering since it's still a bit away.

For some reason it doesnt pump

>>60667896
Look at the DOT and BTC chart. When BTC goes up DOT goes up and when BTC goes sideways or down DOT still goes up mostly. This is the start of the parabolic run. First it starts slow and few people notice then it'll pick up pace... So if you want to buy this is a good time to buy since we're still not going GIGA parabolic.

Isn't the parachain narrative dead? Still could 2-3x tho, it did a 3x last winter so...

>>60668219
>Isn't the parachain narrative dead?
Well, even if it is then you'll soon be able to launch on Polkadot HUB. You'll also be able to have multiple projects on 1 parachain. And after JAM you'll be able to run ANY arbitrary computation on-chain without having a corechain

>>60668219
Also parachains have been replaced with on-demand corechains. You used to need to buy a 2 year long lease, this is not the case anymore. You now buy a 4 week lease which you then renew

>>60668219
I would sell everything at 10$, not very happy with my polkadots

>>60668596
what was your entry - getting in anywhere above 3.3 USD is bad

>>60668596
>I would sell everything at 10$
You meant to say "will sell" not "would sell". That's the thing, everyone, including your grandma, will sell at 11$. That's the last resistance before 25$. Key resistance levels are: 5$, 11$, 25$, 50$. 11$ being the biggest hurdle

>>60668707
no fucking way it could reach 25$, hell i would take 8$ , this is one of the worse investments i have ever made

>>60668707
what scares me the most about polkadot is how everybody is so delusional about the price targets, just read twitter dot ''experts'' tweets

>>60669284
>>60669297
It's my 3rd bull run and the story is ALWAYS the same. People get DESPERATE and HOPELESS and they start SEETHING hard. Once that happens they sell at a loss or at break even. Once the market flushes out all of those people it suddenly explodes and all that relief from selling at a little loss or break even transforms into even a bigger form of SETHEE and DESPAIR than was felt before even selling the asset. IT'S ALWAYS THE SAME STORY SINCE EMOTIONS ARE ALWAYS THE SAME. PERIOD. Don't believe me? Sell at 8$, I dare you, I double dare you

Please pump my bags for 3 more days

Heres my bull case:

>Polkadot was never meant to break any glass ceelings
>Polkadot is waiting for USA to get things started
>Once USA starts adoption, Europe will follow through Polkadot
>Polkadot based in Switzerland, a place tied to banks and finance

Am I crazy? it feels so simple. Once USA starts adoption, Euro money and banks will want in and they will likely do it through Dot

>>60670449
>Once USA starts adoption
What do you mean by USA will adopt DOT? Like what do you have in mind? What would the government use it for?

>Polkadot was never meant to break any glass ceelings
What glass ceilings???

>>60663707
>that chart means it's going to explode back up! People never buy at the bottom...!
Imagine throwing your money at every project that had a chart like this. You'd deserve to be poor.

>>60670475

The pedokind

>>60670489
So what you're saying is that because everyone is the US government fucked child pussy that that's the reason they're going to use the pedochain? Sounds reasonable. Eipstein partnership with DOT confirmed

this shit should be at least 6$ by now, i dont understand what the fuck is going on with dot

>>60670705
The thing is that we're waiting for you to sell. Then it'll GIGA pump

>>60670475
I mean USA starts Crypto adoption, not dot adoption. once the world see USA go crypto, they will follow.

Glass ceeling? meaning spearheading the movement in a new crypto friendly society. again, its usa to start it, the world will follow. In europe i think polkadot will be the main player

>>60670912
>In europe i think polkadot will be the main player
How come you think that?

>>60670918
polkadot is based in switzerland. switzerland is a major finace hub. iono i think its that simple

>>60670964
Right... I'm not against it and at the same time I'm not sure it's that simple

>>60670449
>>60670912
If there was a mission statement for polkadot, it would be to make blockchain tech, or more generally, decentralised secure computation, as cheap, ubiquitous and accessible as possible. Gavin wood has stated that he wants blockchain tech to be so easy to access that it no longer makes sense to run private servers, data centres etc., to drive adoption through raw economic pressure. That's the goal of JAM. If that's not breaking a glass ceiling, I dunno what is. Definitely not waiting on the US for anything.

Also virtually every crypto foundation is registered in switzerland due to their regulatory environment being very light touch on crypto assets. I think Parity and w3f are spread across 3 or 4 offices, between Berlin, Cambridge or London, Zug and Lisbon, plus all the remote workers. Gavin himself is now based in Japan.

>>60670090
Looks bad for you. You'll literally sell the local bottom. Oh well...

>>60661887 (OP)
>You did buy the generational bottom at 3$... Right anon?
No I did no such thing.
>You didn't fall for the FUD, did you?
No I not. It's pretty easy to see where DOT is going. The same path as LINK. Hell. I'm doing just fine trading bongo and whatever is hot any given week in dexscreener, thanks. Alts are going to die.
>>60663247
/thread, by the way.

its doing nothing

>>60661887 (OP)
Some very intelligent posts in this thread, unfortunately you're all actually idiots because no one is stupid enough to buy a token named POLKADOT. This isn't 2020 anymore. Might as well name the token GAY BUTTFUCK.

>>60672215
Are you not a fan of art or culture? The 2 networks were named after a Japanese abstract expressionist.

"Our earth is only one polka dot among a million stars in the cosmos. Polka dots are a way to infinity."

- Yayoi Kusama

The name Polkadot harbours the intent of the infinite, which is pretty apt for the network.

Besides, names are ultimately silly things. Apples are fruit but also phones and computers, Amazon is a forest and an online bookstore turned globo corp. And what the fuck is an nvidia? Envy? Fuck off. Time in the market turns every name into monoliths.

>>60672763
>Are you not a fan of art or culture?
He buys coins based on names. What do you think? He probably goes to the grocery store and buys all the products that have a nice wrapping, then he wonders why he's 120kg and a diabetic.

>>60666917
>I don't know if huge amounts of accounts actually interact with bifrost directly, but their products have been circulated widely
Just thought about this. Even if 0 users interacted with the Bifrost account directly it's literally not an issues since the whole point of DOT is that the chains are interconnected and therefore can use each others functionality therefore other chains interacting with Bifrost is in a sense more valuable than people simply interacting directly because it shows true interoperability and interconnectivity on a scale which we've never seen... Just throwing this out there, thought it was an interesting thought.

>>60661887 (OP)
>he thinks 3$ was the bottom
imagine holding a dead shitcoin from last cycle...

>>60672808
Yeah that was the intended inference. It doesn't matter if you're swapping into vDOT on bifrost or moonbeam or astar or hydration etc., or even GDOT. That's the interesting value proposition of LSTs, as they get deeper enbedded into defi. Eventually other projects and institutions become your primary driver. Just look at how dominant stETH grew, to the point that methheads were worrying about Lido becoming the network...

2 years ago I bought DOT, staked it and now it is worth exactly the same as my initial price with staked rewards. 2 years of development and all muh tech but no price appreciation to show for it

>>60672900
I would recommend you use Bifrost vDOT... Or maybe GDOT on Hydration. You'll get more and if you use vDOT you'll also be able to fast unstake. This will cut the staking time in half most of the time. I think the average unstaking period is around 12-15 days if you have vDOT and can be as low as 2 days. And before you say "BUT BUT BUT the official one is safer", please stop. It's not safer, a programmer can make a mistake, it has nothing to do with being official or not.

>>60672958
Alternatively, the absolute fastest way to unstake vDOT is to just swap it straight into USDT/C on hydration. Then join the omnipool for 16% APR on stables.

>>60672995
Thanks for the info, that seems like a smart move. Doesn't that lose some of the gains from staking or do you actually get the appropriate amount? Never done or checked it out before

>>60673004
vDOT is a static token that just gets more valuable versus DOT at the APR of staking, minus a bit for liquidity. I think 1 vDOT is worth 1.526 DOT now, and in a years time will be about 11~12% more.

You might loose a fraction of your gains vs waiting but basically only a rounding error, unless something has gone catastrophically wrong.

>>60673035
>vDOT is a static token that just gets more valuable versus DOT at the APR of staking, minus a bit for liquidity. I think 1 vDOT is worth 1.526 DOT now, and in a years time will be about 11~12% more.
Yea yea, I get this part. I'll check
So if I got to https://app.bifrost.io/vstaking/vDOT it says that if I unstake 1 vDOT I get 1.527866 DOT. When I got to https://app.hydration.net/trade/swap?assetIn=15&assetOut=5 and try to trade 1 vDOT for DOT I get 1.5260271428 DOT... So yea, it's literally not logical to unstake, since as you've pointed out "You might loose a fraction of your gains". Damn, I never considered simply trading it

If I unstake 1000 vDOT I get 1527.866877 DOT.
If I trade 1000 vDOT for DOT I get 1526.024170521 DOT. You literally lose like 1.8DOT per 1000 DOT. That's acceptable.

>>60673035
Ty for the information, this completely changes everything...
Maybe this guy >>60670090 should read what we're saying

>>60673072
Protocol level unstaking is going to get a lot faster soon too, with the adaptive unstaking queue which expedites the unstaking period if the queue is short. I think down to a minimum of 4 days? That should have knock on implications for vDOT unstaking and should logically provide a slightly better return since assets won't be trapped in the unbonding limbo for so long. But yeah, simply dex swapping is king IMO. More reactive to market conditions.

>>60673159
>Protocol level unstaking is going to get a lot faster soon too, with the adaptive unstaking queue which expedites the unstaking period if the queue is short. I think down to a minimum of 4 days?
It's 2 days and Bifrost has this already implemented. The official DOT interface has not...

>>60673159
The thing is that DOT literally has the longer unbonding time in the sector... So yea, having a fast unstaking will be great.

>>60673186
Really? that's interesting, I thought the update hadn't even hit polkadot yet.

>>60673315
Bifrost did this independently of DOT. It's not an official update. All the liquid staking assets on Bifrost use this now.

>>60673315
You can read about it here: https://docs.bifrost.io/dapp-tutorials-and-use-cases/unstaking
>The unstaking queue will give you an raw estimation of unstaking period: the fewer in the queue, the quicker you unstaking request will proceed.

>>60673355
Oh I understand what you're saying now. Yeah, it's a little different with bifrost, they're essentially buffering the 28 day unbond with a percentage of unstaked DOT as a service for users. Having the queue logic on the protocol level should let bifrost either offer even faster unlocks or better APY.

>>60673609
>Having the queue logic on the protocol level should let bifrost either offer even faster unlocks or better APY
Not sure why that would be true.

Crabbing piece of shit

>>60675291
It's called ACCUMULATION. We're just waiting for this guy >>60670090 and you to sell.

>>60673980
Bifrost has to deal with 28 day unbonding like everyone else, they don't have a secret back door in the polkadot staking infrastructure. They provide faster unstaking for users by taking a percentage of DOT locked for staking by users, and holding it as liquidity, part of the reason why LSTs can't match the rewards of native staking. If only a few people are unstaking, they can use their pool of DOT to make users whole sooner, knowing that the DOT will be recouped in full eventually. Their ratio of staking:unbonding:liquid is calibrated to suit a 28 day unbond on the backend, but if they no longer have to deal with 28 day unbonding as default, then they can use more of the DOT held as liquidity for staking to closer match native APR, or provide even faster unstaking because their ratio between staking:unbonding:liquid is rebalanced that much faster. Does that make sense? Of course they could also maintain the same ratio to provide the same unbonding time, but for more customers before they have to taper unlocks to match the protocol, but this seems fairly unsexy to me. I imagine they would go the more capital efficient route.

DOT sisters we won

>>60675767
I partially get it. So let's say I have 100 vDOT. What you're saying is (let's presume 1vDOT = 1DOT for simplicity sake) that from those 100vDOT there's 95 DOT that's staked and the other 5 DOT is put where? You say "as liquidity"... So it's just sidelined based on your argument? Or are you arguing that they have some sort of DOT treasury that's owned by Bifrost and they just give you part of their DOT while they wait for your DOT to get unlocked? I don't understand that part.

You also said
>part of the reason why LSTs can't match the rewards of native staking.
But vDOT APY is higher than normal staking APY most of the time, isn't it?

>>60675780
That's only a crypto index. It's probably like 70% BTC, 10% ETH and a miserably low % in all the other cryptos. I wouldn't be surprised if only 1-4% of that whole index is actually DOT. Therefore even if there's 1b$ in the ETF that's only 10m$ to 40m$ from literally 1 billion... That's literally just a spit in the ocean. Sure, it's a start, that's great and at the same time an actual DOT ETF would be great. But yea... I'm not worried since I'm pretty sure we'll get 2 DOT ETFs in September (I think the deadline is in September for the approval??? I forgot)

>>60675811
This is just how every LST on every network functions. Their retained unstaked tokens normally enter a 2 sided liquidity pool between the LST and the canonical token, under the custodianship of the liquid staking protocol, the ratio of which they can use to balance staking vs unstaking. And no, the rewards for vDOT are about 1.5% lower than staking yourself, and that's with joining their LPs too, which adds a measly 0.27% additional APY. There will never be a LST with a higher APR than native staking, anything that tries to suggest otherwise is either lying or scamming.

>Their retained unstaked tokens normally enter a 2 sided liquidity pool between the LST and the canonical token
So you mean the DOT-vDOT BLP on Bifrost? Or is it a "private" pool that people can't actually see? That's actually very interesting. I didn't actually understand that.

>And no, the rewards for vDOT are about 1.5% lower than staking yourself, and that's with joining their LPs too, which adds a measly 0.27% additional APY. There will never be a LST with a higher APR than native staking, anything that tries to suggest otherwise is either lying or scamming.
Yea... https://staking.polkadot.cloud/#/overview it's 12.66% here and https://app.bifrost.io/vstaking?network=polkadot 10.84% on here + 0.23% from the farm so 11.07%.
But I guess you can always put it into the DOT-vDOT BLP Farm, the issue with that is that currently it's only 5.69%.

>>60675938
>>60675968
Or you could put the vDOT into the omnipool for an additional 0.96% instead of 0.23% from the Bifrost farm. That then amounts to 10.84% + 0.96% = 11.8%... So that's 0.86% less than the official staking. I guess even GDOT is worse than the official staking since it's only 12.27% but we could argue that because you get BNC and HDX that makes up for it because they'll probably pump harder than the 0.39% loss you make from having GDOT instead of using the official staking dashboard

>>60675938
Dude, I'm not sure how I was soo blind to this. I literally didn't notice this before. I'm not sure why I always thought that vDOT APY > official staking APY. It's like literally just 2 numbers WTF. Thank you for explaining it to me!

>>60675938
But yea, having the option to sell vDOT into DOT is in a sense the trade of for losing like 1-2% per years in staking rewards and I guess that'll get offset by the unstaking queue.

>>60675982
Generally nothing is absolutely perfect and anything that offers high returns are either high maintenance, high risk or high inflation. With regard to what to hold or LP, you always have to remember that 2sided LPs like vDOT:DOT will cause 50% of your liquidity to not earn staking rewards and decide whether pool fees and farming rewards offset that. Hydrations omnipool is much better but has its own foibles, like IL during bullruns. Also, always be aware of whether rewards from one thing you're comparing at displays in APR v.s. APY. A number in APR could be smaller but still have a higher return.

I got kinda duped by the intricacies of LPing a few years back when I decided to try staking eth and joining the curve stETH pool. Ended up with a lot of LDO tokens and not that great a return. Incidentally this is what causes the great migratory patterns of liquidity chasing farming incentives across networks.

>>60676081
>Hydrations omnipool is much better but has its own foibles, like IL during bullruns.
How can there be IL if it's a one-sided pool. Like where does the money go? Usually IL happens if you have 2 different assets. So what I'm saying is that I don't really understand how the omnipool works.

>>60676081
>>60676128
I'll read through this tommorow I guess: https://docs.hydration.net/products/trading/pools/omnipool/
Need to go eat and sleep, it's getting late.

>>60676128
The Omnipool is secretly a 2sided LP between all assets and a synthetic token called H2O. When you enter the omnipool with an asset, some H2O gets minted and matches your deposit. When an asset suddenly explodes in price, to balance, more H2O must be allocated. The proportion of the pool made up of the token your providing drops vs H2O, and so a disparity emerges. If everything rises in price uniformally, then IL will be relatively low, but since stablecoins make up a significant percentage of the omnipool, you'll still see a certain amount of IL in bullruns. On the flipside, if everything crashes, H2O is burnt so the proportion of assets vs H2O rises. IL on hydration is pretty manageable all things considered and I much prefer it to conventional 2sided LPing.

is anybody here care about the tokens price, seems all you guys is discussing fucking staking

>>60676189
I guess the omnipool kind of sucks then to be honest... I mean, as you've said, it's better than a two sided LP but still... I never use LPs because of IL except if it's a pool of two identical assets like the BLP DOT-vDOT. I'm actually astonished anyone even uses LPs PERIOD. Like what's the actual point if you get IL into the ground. You really made me think though, about some of my strategies. Oh well, I guess I'll be moving my money tomorrow. Again, thank you for all the info

>>60676419
Because talking about the price will make it GONGOUP, right? Saying "I CARE ABOUT THE PRICE" makes the price GONGOUP, correct? And talking about how to optimize your APY and how stuff actually works makes prince GONGODOWN?

>>60676419
The price can do 1 of 3 things. Up, down or sideways. What else is there to say?

swap all your dot for eth or die poor, its that simple

you might get an irrational pump, but you probably wont sell it anyway. pass the eth down to your kids when the time is right. they'll be able to live off the staking rewards alone