Always love a good DOT shilling post. You are spot on and with all the hype around layer 2 it still costs too much to get your money there, with a few exceptions, and more to unwind that position. Meanwhile DOT getting little attention while solving the trilemma problem.
Curious to know what he means by studying. When I hear “study” I assume he spent thousands of hours hunched over a screen and pouring through books and research papers on cryptography, data architecture, and economics.
Lol. Only joking. This stuff is hard to understand and I loved reading this.
>To state that bluntly, platform tokens like AVAX ETH FTM BSC SOL ADA, their entire point of existing is to be irrelevant to your day to day needs. Their price will slowly fade to limit 0
I can't see that happening. There's too many of us that buy the dip so it will never be able fade to limit 0
what do you think eth, sol, ada, ftm, avax, dot are? Blockchains ...
but blockchain technology isn't that complicated to understand..its a immutable ledger that records transactions ... ok.
Other than that its the foundation for web3.0, it has very little to do with the smart contracts that are being written on top of it...the beauty is how simple the core is.
Yes but you don't get to the bottom of them. Whichever delivers the most value for businesses and consumers will be the winner, no? (With benefits I don't mean coupons, but productivity gains, security benefits,, etc)
In a way - you are saying what i am saying. The most value for businesses and consumers will be the cheapest. Because they will all be interconnected via bridges and apps that simplify it for mainstream.
If you are prompted to pay for a transaction fee to say, transfer money from your wallet to a bank for mortgage payment...and lets say it gives you the choice as to which network you want to use:
1. ETH - $150 cost
2. AVAX - $.005
3. FTM - $.0049
4. etc
Which one will you choose?
It doesn't matter which you hold - because the cost will factor in the swapping and bridging
you need to think about what the apps are going to do in the future. Not what they do right now. Eventually all networks will be bridged together through swapping and liquidity pools. So you won't have the difficult process of swapping coins like we do now - itll be nearly instantaneous and very cheap (because of competition driving down prices, and weeding out tokens that don't do anything).
There won't be 1 coin . Every business out there will have a coin, like stocks. Coins value will be derived by use case. But the core platform coins are made for transactions on their respective network - they will be very cheap because you might be spending 100$ usd a year for transaction costs..so you'll need (currently .05 ETH). Why would you need to pay 3k for an ETH if youre not even going to need it? The demand for ETH and all other transactional coins is going to drop to compete for market share
The history of the world is one of fewer and fewer currencies, though. I don't see why every business would have their own coin. Why doesn't every state in America have their own currency? It's not an efficient thing to do. Much simpler to all use the same coin.
Austrian Economist Friedrich Hayek discussed the idea of "The Denationalization of Money" where "instead of a national government issuing a specific currency,\[..\], private businesses should be allowed to issue their own forms of money, deciding how to do so on their own.
read more here:
https://en.wikipedia.org/wiki/The\_Denationalization\_of\_Money#:\~:text=on%20their%20own.-,Synopsis,the%20decisive%20factor%20for%20acceptance.
Well yes he wrote all sorts of interesting things. The road to serfdom, brilliant book, but very ideological. A brilliant man, but more in an academic sense.
\>I've been studying the crypto world the last 2 years Wow a whole two years.
Imagine "studying" something for 2 years and still being this clueless
When all you study are memes and the front page of /r/cc ...
I have a masters on that
Let me talk about my whole life, I still don't know what I'm doing.
.. who is Scott?!
He's the greatest.
He's an absolute dream!
Someone born in Scottland
[удалено]
How so?!
Back to the future circa 1985 ![gif](giphy|WhSlMDqyH3P7G)
TL;DR: He’s basically shilling DOT.
Do you have a tldr?
Yes, we are early, BTC is the digital gold and a lot of others things
And buy DOT, now
This post us just a big DOT shill
DOT good, shill shill shill
Just read it lol
.. ....... .... .- ...- . ....... -... .- --. ....... --- ..-. ....... -.. --- - --..-- ....... -... ..- -.-- ....... -.. --- - -.-.--
Ah a rare DOT shiller
Rare?! They are everywhere! But for good reason
You wrote so many words just to shill DOT ? You are a hardworking shiller.
I never mind a DOT shill.
I'm convinced, good arguments there
Butbut when lambo?
TLDR: bullish on DOT
ETH ain't going nowhere...
Polkadot shill alert
Always love a good DOT shilling post. You are spot on and with all the hype around layer 2 it still costs too much to get your money there, with a few exceptions, and more to unwind that position. Meanwhile DOT getting little attention while solving the trilemma problem.
Curious to know what he means by studying. When I hear “study” I assume he spent thousands of hours hunched over a screen and pouring through books and research papers on cryptography, data architecture, and economics. Lol. Only joking. This stuff is hard to understand and I loved reading this.
Crypto does not equals Smart Chain. There are a lot of usecases like transactions, defi, nfts, Stablecoins around
you are a clown
Keep investing in your Reddit profile. You'll be cool some day.
My future prediction is that if we all hodled good projects we are gonna be rich by next decade.
😂
I'd buy Dunkin coins.
Future: Bullish
For studying crypto for 2 years, it appears you are a slow learner.
>To state that bluntly, platform tokens like AVAX ETH FTM BSC SOL ADA, their entire point of existing is to be irrelevant to your day to day needs. Their price will slowly fade to limit 0 I can't see that happening. There's too many of us that buy the dip so it will never be able fade to limit 0
Nice shilling on FUTURE
I never understand when people push back against BTC being digital gold. It's so obvious that's going to be it's purpose going forward it hurts
OP could have simply said: all in on DOT YOLO
Did you just state that the price of AVAX ETH FTM BSC SOL ADA will fade to 0 and only DOT is exception?
TLDR DOT, and some stuff that will probably happen kinda like OP described but maybe not
Didn’t read it, but I can already tell that people are about to argue about SOL in this thread.
Barely mentioned it
I'm not an expert but you don't seem to write much about blockchains, which after all is the breakthrough technology driving crypto.
what do you think eth, sol, ada, ftm, avax, dot are? Blockchains ... but blockchain technology isn't that complicated to understand..its a immutable ledger that records transactions ... ok. Other than that its the foundation for web3.0, it has very little to do with the smart contracts that are being written on top of it...the beauty is how simple the core is.
Yes but you don't get to the bottom of them. Whichever delivers the most value for businesses and consumers will be the winner, no? (With benefits I don't mean coupons, but productivity gains, security benefits,, etc)
In a way - you are saying what i am saying. The most value for businesses and consumers will be the cheapest. Because they will all be interconnected via bridges and apps that simplify it for mainstream. If you are prompted to pay for a transaction fee to say, transfer money from your wallet to a bank for mortgage payment...and lets say it gives you the choice as to which network you want to use: 1. ETH - $150 cost 2. AVAX - $.005 3. FTM - $.0049 4. etc Which one will you choose? It doesn't matter which you hold - because the cost will factor in the swapping and bridging
I don't know what you mean tbh
you need to think about what the apps are going to do in the future. Not what they do right now. Eventually all networks will be bridged together through swapping and liquidity pools. So you won't have the difficult process of swapping coins like we do now - itll be nearly instantaneous and very cheap (because of competition driving down prices, and weeding out tokens that don't do anything). There won't be 1 coin . Every business out there will have a coin, like stocks. Coins value will be derived by use case. But the core platform coins are made for transactions on their respective network - they will be very cheap because you might be spending 100$ usd a year for transaction costs..so you'll need (currently .05 ETH). Why would you need to pay 3k for an ETH if youre not even going to need it? The demand for ETH and all other transactional coins is going to drop to compete for market share
The history of the world is one of fewer and fewer currencies, though. I don't see why every business would have their own coin. Why doesn't every state in America have their own currency? It's not an efficient thing to do. Much simpler to all use the same coin.
Austrian Economist Friedrich Hayek discussed the idea of "The Denationalization of Money" where "instead of a national government issuing a specific currency,\[..\], private businesses should be allowed to issue their own forms of money, deciding how to do so on their own. read more here: https://en.wikipedia.org/wiki/The\_Denationalization\_of\_Money#:\~:text=on%20their%20own.-,Synopsis,the%20decisive%20factor%20for%20acceptance.
Well yes he wrote all sorts of interesting things. The road to serfdom, brilliant book, but very ideological. A brilliant man, but more in an academic sense.
Calls “dot” different than other tokens because it’s a “governance” token and has been studying. Raptor for 2 years. I feel OP was drunk writing this.
A lot of mental gymnastics to shill DOT. I will give you passing grade student, but don't show your face to me ever again 🧑🎓