I am vexed

cannot find an answer to this riddle:

how tf has $DOT managed to incubate so many projects before parachains are even live?

Do the numerals add up?

polkaproject.com sayeth more than 300 teams are building on $DOT

👀 wtf sers??

More below 👇
Either other L1 smart contract platforms have been pitifully terrible at convincing startups to launch on their platforms...

or $DOT is the single greatest piece of technological innovation since the birth of bitcoin

I close my eyes and rub my pale, swollen temples

2/6
Perhaps it's something else me wonders

Perhaps they're better marketers than all the other "$ETH killers" that have come before?

Perhaps they've spent more on "grants"? (even though it's hard to imagine anyone spending more than Binance has)

3/6
Or perhaps, yes, the tech has inspired legions?

Hmm....

But I looketh frens into the projects, and mostly I see not tech founders, but founders of marketing agencies

I see not 20 year olds... but 40 years olds

And I pause... and I think... and I wait

4/6
I sayeth not that the tech is bad or that radical innovation will not come kicking & screaming from the fresh $DOT womb

I sayeth not that money won't be made

But I say the scales seem unbalanced

They maketh me wonder

I am happy...

5/6
.... I desire deeply in fact to be proven wrong...

Shine your torch of knowledge into my sewer

Share with me your thoughts here or in my DMs

This 🤡 sitteth alone and in the dark

Can this 🤡 be the only one?

6/6

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More from @redphonecrypto

3 Dec
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 Image
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 wiki.polkadot.network/docs/en/learn-…
Read 21 tweets
1 Dec
Potential hockey-stick growth areas in crypto for 2021+

Starting w/ #defi
- Crypto derivatives $SNX $HEGIC $SYN Deriswap ($YFI & $SUSHI)
- Cross-chain native-token swaps $RUNE (maybe $SWTH and something in the $DOT ecosystem)
- Crypto insurance $COVER $wNXM

More below
#defi
- Tokenized debt stablecoins @arcx_money $ARCx, Stablecredit, $RAMP @RampDefi

#strangefi
- Derivatives of strange things @UMAprotocol $UMA $JRT

#tradfi
- Crypto debit cards (@fold_app, @coinbase)
- Crypto banks (@krakenfx, @CaitlinLong_)
- Crypto + rewards point (@Bakkt)
- Integrating defi yields into tradfi (i.e. @AaveAave yields within the @PayPal app)
- Selling trashbag coins like $BCH
- $BTC yields (@BlockFi, @CelsiusNetwork $CEL)
- CBDCs
- More companies joining @sqcrypto and @MicroStrategy by adding $BTC to their treasuries
Read 5 tweets
1 Dec
I talk about $RUNE like a fanboi a lot

But there's something serious underlying that talk

And that is a question: what if $RUNE renders billions of dollars of R&D funding and complicated cross-chain solutions and pegs unnecessary?

More below
Playing devil's advocate: what if $DOT, $ATOM, $BNB, etc. are all overengineered clunkers?

What if they're woody wagons in a world with Teslas?

Once we can seamlessly move between blockchains with the actual native tokens, why use a purpose-built peg system?
Projects can simply spin up a blockchain and add liquidity to Thorchain then use it like a bridge between their chain and any chain in the world

Thorchain could become THE liquidity platform... the liquidity middleware if you will that's called in like any function
Read 6 tweets
30 Nov
Sometimes I have moments where I’m just in awe of crypto

I don’t think you’d be here if you didn’t have similar moments

When I think about something like $SNX, I see “efficiency” and “trustlessness” and “KYC-free trading” but on a much more personal level...

1/6
...I can’t believe the power it gives me

Here I am, a little pleb from the burbs who’s literally went to bed early some nights bc I didn’t have enough food

I don’t have an MBA or a series 7 or a banker daddy

2/6
I just got a little thirst for learning and for making sure I never go hungry again

And that’s what’s led me here over the years... and what a fucking place we’re making sers

With $SNX, I can do something that 5 years ago only international banks could do...

3/6
Read 6 tweets
29 Nov
I can only see the watch and its parts

Not into the mind of the watchmakers

But THIS is the $100 billion question

A few thoughts on $HEGIC + $YFI below
2) I'm long $YFI + $HEGIC. There could be some sort of symbiosis in the future (see link), but it's murky... even with this Nov 10 post from our boy Dre

(I welcome insights)

medium.com/iearn/yearn-fi…
Read 5 tweets
28 Nov
I'm long $HEGIC, but I've never said why

Let me do so now

$HEGIC = an options protocol

[Notice the word "protocol"]

More 👇
<

annoying definition time:

options are a way to hedge or protect your investments in things like $BTC and $ETH

or to make leveraged bets on big price moves...

translation, they are advanced tools for chads-squared

/>

2/x
$HEGIC offers options on $ETH and $wBTC atm

What excites me about it is this word: protocol

$HEGIC = a set of rules that enables the construction of an entirely new options ecosystem

It = scaffolding that other devs can build different financial tools and products on

3/x
Read 18 tweets

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