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Boozy thoughts on $DOT after soul searching
1) $DOT = a "metaprotocol." It spitteth out subprotocols called parachains
Parachains sit on the same level as $ETH + $BTC (see pic)
That leaves $DOT hovering above them like a six-armed god weaving a tapestry of subprotocols https://twitter.com/redphonecrypto/status/1334004740531908608
1) $DOT = a "metaprotocol." It spitteth out subprotocols called parachains
Parachains sit on the same level as $ETH + $BTC (see pic)
That leaves $DOT hovering above them like a six-armed god weaving a tapestry of subprotocols https://twitter.com/redphonecrypto/status/1334004740531908608
1.5) For now, my mental model of $DOT has shifted from something of an $ETH competitor to a "customizable blockchain in a box" w sharding, inheritable security & interop
2) Devs point to great tooling as a big selling point for $DOT... It's RUST-based, which @daochemist says is great for distributed systems
3) Their documentation is legit AF https://wiki.polkadot.network/docs/en/learn-accounts
3) Their documentation is legit AF https://wiki.polkadot.network/docs/en/learn-accounts
3.1.1.1) SIDENOTE ON DOCUMENTATION
I can't believe how many projects underweight the importance of docs.
You want strangers to use your shit? Document TF out of it
If you have no documentation, you may as well have a closed-source, corporate circle jerk project
I can't believe how many projects underweight the importance of docs.
You want strangers to use your shit? Document TF out of it
If you have no documentation, you may as well have a closed-source, corporate circle jerk project
4) Tons of respect out there for Gavin Wood. Impossible to get more street cred than him
Vitalik's name may be more common on CT, but as the author of Solidity, Gavin sits beside Vitty on the many golden thrones of ETHlandia
He helped will $ETH into existence. He is legend
Vitalik's name may be more common on CT, but as the author of Solidity, Gavin sits beside Vitty on the many golden thrones of ETHlandia
He helped will $ETH into existence. He is legend
5) Most of $DOT's momentum is thanks to funding and very strategic, well-thought hackathons mostly through the Web 3 Foundation
6) @AcalaNetwork and @kusamanetwork are the names that keep popping up as having some visionary badasses involved
6) @AcalaNetwork and @kusamanetwork are the names that keep popping up as having some visionary badasses involved
7) The upcoming auction could put some upward pressure on $DOT prices. Wouldn't be surprised to see it knock Litecoin out of the No. 5 spot at least for a time
8) After parachains and bridges are live, we could see some interesting projects migrate over. $DOT is EVM compatible, performance will be better, so moving certainly isn't unthinkable so long as there are users and/or demand to be found
9) On the whole, $DOT should enhance the $ETH ecoystem. Some projects will migrate. New ones will be born on $DOT
But $ETH has deep allegiance from OGs, visionaries, fringers, etc
It won't be winner-take-all as Brite suggests: https://twitter.com/bitcoinbrite/status/1334194960636157952?s=20
But $ETH has deep allegiance from OGs, visionaries, fringers, etc
It won't be winner-take-all as Brite suggests: https://twitter.com/bitcoinbrite/status/1334194960636157952?s=20
I've always had a view along those lines. Blockchains could evolve much like operating systems.
Apple, Android, Windows, Linux
Apple, Android, Windows, Linux
Maybe $ETH = Linux (which basically runs all the planet's web servers whether you realize it or not)
Hyperledger = Windows
$BTC = a fortress full of IBM mainframes
$DOT = Apple? Hell if I know
$ATOM = Android?
etc
Hyperledger = Windows
$BTC = a fortress full of IBM mainframes
$DOT = Apple? Hell if I know
$ATOM = Android?
etc
11) We need good trustless bridges to support the multi-chain vision, and $DOT will help those bridges become a reality
12) $DOT + Metamask will supposedly be a thing. So if $DOT has trustless bridges to other chains, Metamask could become eternal + forever amen and amen
12) $DOT + Metamask will supposedly be a thing. So if $DOT has trustless bridges to other chains, Metamask could become eternal + forever amen and amen
I've said it multiple times, but in this insane world of pegs, bridges, native tokens, synthetic tokens, derivatives, pool tokens, etc, the most important game will be the wallet game
We need one wallet that supports ALL chains
We need one wallet that supports ALL chains
I would love to see it be Metamask
They gotta know that's where we're heading (but if they don't, I'm following @xdefi_wallet, which will support @thorchain_org $RUNE)
They gotta know that's where we're heading (but if they don't, I'm following @xdefi_wallet, which will support @thorchain_org $RUNE)
13) Most of the $DOT projects didn't start with a ton of $$. Now that their tokens are worth a shitload, the pace will quicken
14) The $DOT ico made some peeps v rich. They could be driving a lot of their newfound capital back into little $DOT startups thereby inflating prices
14) The $DOT ico made some peeps v rich. They could be driving a lot of their newfound capital back into little $DOT startups thereby inflating prices
15) My views on $DOT may be too Western-centric
As one dev I respect pointed out $DOT/Parity poached Zilliqa's co-founder/CTO Yaoqi Jia about a year ago
So their Asia game = strong
As one dev I respect pointed out $DOT/Parity poached Zilliqa's co-founder/CTO Yaoqi Jia about a year ago
So their Asia game = strong
Since I'm in the states, that could potentially explain some of the smoke or opacity I feel like exists around $DOT
16) Now, let me remind you I am a 
If you're reading this + blindly aping into investments, you might make money
or you might wind up naked, homeless + addicted to drugs
In fact, I may be naked, homeless + addicted to drugs as I write this
But I'm more optimistic about $DOT
If you're reading this + blindly aping into investments, you might make money
or you might wind up naked, homeless + addicted to drugs
In fact, I may be naked, homeless + addicted to drugs as I write this
But I'm more optimistic about $DOT
It looks legit AF...
(
to everyone who shared ideas w me, you made this adventure possible
I love this space more everyday)
(
to everyone who shared ideas w me, you made this adventure possibleI love this space more everyday)
Parting words:
I can't shake the feeling that $DOT offerings are going to get out of hand, though...
2017 vibes coming in Q1 or Q2?
Much horseshit will be peddled
The hard part will be separating the good projects from the bad
I can't shake the feeling that $DOT offerings are going to get out of hand, though...
2017 vibes coming in Q1 or Q2?
Much horseshit will be peddled
The hard part will be separating the good projects from the bad
The badasses among you will get very rich in the process, though
Just remember what I always say:
we're here for alpha but we're here for freedom, too
fight for it
out
Just remember what I always say:
we're here for alpha but we're here for freedom, too
fight for it
out
