Thread 60757334

You did buy the generational bottom at 3$, right anon? ETH will soonTM break the 4 year resistance and once that happens alt season will officially start. Are you ready for it? DOT ETF around the corner. DOT 2.0 around the corner. DOT Hub around the corner. And more is in store: https://www.opengov.watch/polkadot-roadmap

Highest TPS, highest decentralization, almost lowest stablecoin fees, highest bandwidth (MB/s). This will all get SIGNIFICANLTY lower and higher once NOMT is implemented. Imagine a x10 overall improvement.

https://www.youtube.com/watch?v=N3BX2eTqpro
https://x.com/0xgoku_/status/1894124945178792085
https://www.rob.tech/blog/nomt-1.0-preview/

Also, the DA layer, compared to any other chain is much, much bigger (and this isn't even 100% of the chains capacity) and again, this will scale up enormously once NOMT, JAM and some other improvements hit! It'll probably reach multiple GB/s while closest competitor (EigenDA) is sitting at 50MB/s

>trading at bear market BOTTOM usd levels in the middle of a bull market
it’s completely over

>>60757334 (OP)
Also, Polkadot will move away from an inflationary model into a hard cap model
https://www.youtube.com/watch?v=2IyZsfRLmmc

>>60757351
So you're saying it's the BOTTOM? And you're not going to buy into the BOTTOM? This is exactly the thinking that makes you 0 money. You're saying that something being at the BOTTOM for 4 years and never going bellow the BOTTOM is bad while alt season is literally AROUND THE CORNER? Let me guess... You buy the tops don't you?

>>60757363
i bought LINK in 2017. we are not the same
if its DEAD in the middle of a bull market it will also underperform the alt season. I would advise you to cut your losses, but I think you are too far gone

There's still time to buy below 4$...

>>60759765
And it's gone

Can anyone confirm the amount of polkadot tokens minted daily?

ICP is minting about 5,000 a day.

>>60761418
Well the current APY is 13% (https://staking.polkadot.cloud/#/overview). But it varies from like 12.5% to 13% and it gets lower each day. The supply is 1.6B DOT. So 0.125 * 1.6B = 200m DOT per year / 365 days = 547945.205479 per day, give or take.

>>60761418
>>60762114
The thing is that DOT has a set number of how many DOT are minted per day therefore the APY keeps going down because as the supply increases the numbers of DOT minted per day stays the same. This isn't 100% accurate since depending on how many DOT are staked overall this changes. The ideal staking rate is 50% of the supply I think, if there's less then the amount of DOT minted increases in order to incentivize more people into staking. If there's more then the amount of DOT minted decreases in order to incentivize people from staking. I think it works like this, the only thing I'm not sure about is the ideal staking rate increasing/decreasing the amount of DOT. I know DOT fixed the amount of DOT minted per day to a certain number in order to not have a exponential supply increase but a linear one.

It's still not too late to buy in below 5$. Once the DIAMOND resistance of 5$ breaks all hell will break loose

>>60762114

> 547945.205479 per day

Yea, that's too much. They are giga insider dumping just like the other chains. (ICP, Algorand, Avax and so on...)

They are so bold about this, it's crazy no one speaks up.

If they were not dumping, these chains would be often volatile. There is literally no volatility at all with any of these chains.

All year round nearly every year you see eth, btc, bnb, sol all move in some way, even if they return to a crab they still bump around. They never really crab more than a few weeks at a time.

On the other hand, polkadot went to $10 and immediately dumped back to $4. That should be a red flag to anyone to just stay away from this chain. It's back to pre-2020 pump levels.

ICP is another one... same tokenomics. Dfinity was being heavily investigated by the SEC before the cases were thrown out due to "time technicalities".

>>60764812
>They are giga insider dumping
>insider
Who is? Like can you point to a single entity on-chain?

>polkadot went to $10 and immediately dumped back to $4.
Yes, most people are sick and tired and simply left at 10$... But sooner or later it'll break out of the 3-5$ pattern because everyone who doesn't want to be in DOT will have sold. I mean look a the chart. It's been consistently trading in the 3-5$ range and because alt season just started the possibility of it breaking out is big to be honest. Sure 11$ will be a hurdle again since a lot of people are waiting to exit at that price but once 11$ will be cleared it's smooth sailing to 25$ and beyond

>>60757334 (OP)
I've used polkadot. It's ecosystem is a giant complicated retarded expensive mess (fucking greedy niggers want 1 dot to move to assethub and 1.5 dot to bridge to ethereum) with a million steps in between.
There's a huge reason why several parachains are moving to other chains.

>>60757334 (OP)
>>60757339
>>60757347

Polkadot is nothing but a wannabe LINK.
Sergey is where it’s at.

>>60764932
> It's ecosystem is a giant complicated retarded expensive mess (fucking greedy niggers want 1 dot to move to assethub and 1.5 dot to bridge to ethereum) with a million steps in between.
Not sure what you've been doing to be honest. 1DOT to move to assethub? What?
1.5 DOT to bridge to ETH... Yes? Cross chain bridges are usually literally x10 or even more expensive. Paying 4$ for a crosschain transfer is literally free.

>It's ecosystem is a giant
Nice compliment

>complicated
How so? It's just a lot of L2s that can seamlessly bridge to each other? Not really that complicated is it? If it is just use Nova wallet and all of that gets abstracted, more or less, away.

>expensive mess
It's actually the cheapest chain in existence.

>fucking greedy niggers want 1 dot to move to assethub
No they don't. You need 1DOT for the existential deposit. Having accounts that hold 0 DOT while they still exist is a huge waste of space, since all of those accounts still need to be written into the state therefore it becomes bloated. In order to solve this everyone who wants their wallet to exist inside the context of asset hub needs at least 1 DOT as an EXISTENTIAL deposit. If you don't have 1 DOT then your wallet gets deleted.

>with a million steps in between
Name 3 steps of those million. Should be easy I guess if there's soo many

>>60764990
Right...

>>60764855

> Who is? Like can you point to a single entity on-chain?

You already know who. Don't you?

These scam chains are giving the tokens to the exchanges in order to have their shit chain at a high rank. The buyers are just being scammed into an endless funnel.

Just think about it... who uses Algorand? No one. Who uses ICP? No one.

They are minting excess amounts of tokens and splitting them with the exchanges which then they are dumped daily according to inflow buys.

>>60765404
>They are minting excess amounts of tokens and splitting them with the exchanges which then they are dumped daily according to inflow buys.
Right...

>>60765423

Here is a screen shot on CMC last week of ICP and the total circulating supply.

oh look... .22 million to .3 million in less than a week.

yea, that's a lot to just mint in one week.

This is what these filthy niggers have been doing for several years. There is no cap as you can see they are all infinite supply.

oh wait, im sorry, this is actually today. check the cmc site.

>>60765453
>>60765462
Right...

>>60765469

Yea, glad I bought ETH the past 4 years.

suck my cock

;)

>>60765474
>;)
Right ...

https://voting.opensquare.io/space/polkadot/proposal/QmeX7vFJLTxSyMTF5f77bdznajdDFW88aLiq8ASZUUNUm6?page=1&discussion_page=1

Hard pressure path currently winning the tokenomics referendum by huge margin. Hardcap 2.1b DOT, biannual halvenings...

All well and good for the pumpenomics, but maintaining the current security costs for the network polkadot would need a mcap of 2 trilly or an average price of roughly $1000 per DOT by 2040 if this goes forward. Interesting times.

>>60757334 (OP)
Just a question that I have since your semi informed on the project it seems. What is the FUD about the programing language being to complicated and that in a sense causing adoption.

I sold and I'm glad I sold this pos coin, enjoy your $4 stablecoin.

Also ETH is Wall Street darling and subsequently alts will suffer

>>60766118
>What is the FUD about the programing language being to complicated and that in a sense causing adoption.
I'm have a CS major among other things. The programming language isn't too complicated kek. Programming in any language is literally arbitrary. It's just that people who are solidity developers have no motivation to actually learn something "new". It's not about the language, it's about the developers choosing not to learn it because like 100s of ecosystems are EVM compatible while only DOT uses Rust. We also need to remember that the development framework is Substrate and it's used to deploy a L2, NOT a smart contract. Polkadot is a L2 hosting machine in a sense. You can't simply deploy a smart contract on DOT. You deploy an L2 on DOT using the Substrate framework which is written in Rust. But soonTM (https://www.opengov.watch/polkadot-roadmap), with the launch of Hub (see Ethereum-compatibility on the roadmap) you'll be able to launch EVM compatible smart contracts on a common good (L2) parachain called Polkadot AssetHub or Hub for short. You'll also be able to use PVM which is an equivalent to EVM, just superior.

(You were able to launch EVM smart contracts onto DOT since a long time ago through Moonbeam, the difference now is that there's going to be a OFFICIAL DOT common good parachain that'll be able to do that + PVM... There have been a few announcements already about people launching on there. I think that Uniswap said they'll launch among a few others)

Yes, it's a layer 0 gimmick.

However at what point will boomers be able to pay for their medical addictions with polkadot?

>>60767199
>However at what point will boomers be able to pay for their medical addictions with polkadot?
>medical addictions
>medical
>addictions
Right...

>>60767038
1. Ethereum being bought and then simply vaulted by big corps is not really adoption, they're just using it like bitcoin when it's a smart contracts platform. 2. Familiarity breeds contempt - as ethereum is more widely understood, so too are it's weaknesses. The question becomes, why is it so limiting to build on ethereum? Why is it so expensive to launch? Why are L2s mirrors of the base layer that can't do more interesting things? Why is everything reliant on centralised points of failure on a supposedly decentralised network? The answer is - because it wasn't designed for most of the use cases now being brought to it.

Conclusively, ethereum is and remains a boomer token and any serious project wanting scale, cost efficiency and customisability is going to fully explore their options. Polkadot has a big advantage in this arena since it was designed by ex-ethereum developers to do all the things ethereum couldn't do, from the very beginning. The ethereum pedigree is a big selling point for normies who look at the list of coins and feel dizzy.

>>60765676
To be honest, I hope the hard pressure path doesn't get voted into existence. I would much prefer the medium path since it's far more rational. People are just going overboard because they're soo upset they can't really see things clearly anymore. The hard pressure path is too fast and the mcap will 100% not be able to go along with it. But all in all, we can always change the inflation model again... It's not like it's set in stone... So who cares right? Oh, right... The people who just want consistency I guess

>>60767332
>The question becomes, why is it so limiting to build on ethereum? Why is it so expensive to launch? Why are L2s mirrors of the base layer that can't do more interesting things?
Exactly. ETH literally wants to be what DOT already is. ETH has a ton of L2s because you can't build on the base layer due to it being expensive and the L2s built on the base layer simply don't contribute anything new. They're centralized, they're not innovative, and they're disconnected islands that can barely connect to any other L2 or other chain. While DOT on the other hand has NATIVE cross-parachain capabilites and has like 3 or 4 bridges to all the other major ecosystems. DOT is FAR ahead of any other chain because of these two things. Couple that with everything else and DOT is really FAR ahead.

>Conclusively, ethereum is and remains a boomer token and any serious project wanting scale, cost efficiency and customisability is going to fully explore their options.
Exactly. No one in their right mind would launch on ETH. Not even on an ETH L2 since you can't even launch anything innovative (decentralized social network, decentralized AI, ...). Anyone who cares about doing anything significant can't go around this fact. Also, once JAM hits it'll be a paradigm shift and the possibilities for what you can do on DOT will be endless. Remember guys... JAM IS NOT PRICED IN.

>>60767332
>The ethereum pedigree is a big selling point for normies who look at the list of coins and feel dizzy.
Exactly, people are clueless and because they are they don't buy technical innovation UNTILL IT'S TOO LATE and ALREADY OBVIOUS. You guys need to start realizing that the technical innovation will inevitably win. Normies just need to get with the program and catch on... That shit takes time and doesn't happen over night

>>60767332
Wall Street is the only thing matters for price appreciation. There are hundreds of projects all competing for tech superiority but only BTC and ETH are being widely adopted by institutions.

>>60767409
Now what do you think is going to happen to ETH in the next 6 months?

>>60767409
I mean... DOT is getting an ETF. We're already inside an index. But 2 ETFs will be launched soonTM. I think in September if I'm not mistaken? And probably more will follow

The thing is that developers go where they can easily build without too many restrictions. And once stuff gets build people start getting attracted. So therefore sooner or later retail and institutions will follow the developers. It's just that ecosystem growth takes time. Developing from ground up takes time. People are slowly and surely moving away from ETH and ETH L2s into other ecosystems. Currently we have to admit that SOL gets a lot of those people. It's just that SOL can't really scale because it scales with hardware, while it's centralized, while the projects themselves can't really connect to each other, while the TPS and DA layer is really low, while ... The ONLY reason why people build on SOL is because retails is into meme coins... But be realistic, that hype is gone and it'll never come back. The next big things will be innovative use cases which will only be able to work on a chain like DOT due to its technical superiority. JAM will be a paradigm shift enabling developers to build innovative new dapps that no other chain could run. Sure you could build them on another chain, it's just that 10TPS won't cut it... Not even 1000 TPS would be good enough for what's about to come. You'll literally need 10k TPS+ at the minimum and DOT will be able to output a TPS number in the millions and of course the DA layer will be appropriately big as well.

>>60767211
have you never set foot in a pharmacy?

>>60767783
>have you never set foot in a pharmacy?
I did. What's your point?

>>60767783
>>60767199
>However at what point will boomers be able to pay for their medical addictions with polkadot?
You ALREADY CAN https://card.novawallet.io/ kek. And another GOVERNANCE owned Visa card is on it's way: https://polkadot.polkassembly.io/referenda/1608

OR you could use any of the other 20 or so crypto cards like Crypto.com card. You guys make it seem like it's something revolutionary while crypto card have been around for literally what? 5 years? Not sure what the fuss is about

>>60757334 (OP)
picked up on this thursday or friday. Has all the signs a bullish movement. I'm a chartfag so have been watching it kind of form.

>>60767854
I threw in some bullshit small number like 46.6543 tokens no leverage last I checked. See how far it goes.

>>60767868
Put it into staking:
https://staking.polkadot.cloud/#/overview
app.bifrost.io/vstaking/vDOT

Or get some GDOT: https://app.hydration.net/strategies