>What is Polkadot? Polkadot is the Brainchild of Ethereum Co-Founder Gavin Wood. Its primary focus is to facilitate inter-blockchain operability and cross blockchain communication. They held their ICO in October 2017 and raised $140 MM USD.
>Why Polkadot? If blockchains can communicated and interact with one another, they can leverage each others skills and compensate for their individual weaknesses. For example, lets say you have a government-issued digital identity stored on the Ethereum blockchain. With this digital blockchain identity on the Ethereum Network your life is made considerable more convenient. Now you don't have to fill in any more tedious forms to verify your identity as it is already verified and stored securely on Ethereum. This allows you to book international flights and make visa arrangements with ease. The possibilities are limited only by our imagination and the Decentralised Apps of the future that will leverage technologies like Ethereum, Chainlink and Polkadot haven't even being concieved yet. Polkadot enables blockchains to leverage one another in a symbiotic manner resulting in the boot-strapping of value for Cryptocurrencies and decentralised networks as a whole.
>Investment Potential If Polkadot can be the main facilitator of inter-blockchain communication requirements and blockchains become the backbone of the new "Smart Economy/Web3/4th Industrial Revolution/Golden Bullrun" its safe to say that the value of such a network would be reflective of its disruption. The DOT token will also be used for on-chain governance and staking.
>Technical Details Consensus: Proof-of-Stake Amount of DOTS: 10 Million 5 Million sold to investors during ICO 5 Million held by Parity Developers Mainnet Launch: Q3 2019
>ICO Price 1 DOT = 0.109 ETH (approximately $30 in October 2017)
-There are rumours abound that Polkadot plans to hold a second ICO. This coindesk article seems to think so, and Polkadot's Official Website: polkadot.network is currently unavailable, this timing suggests a website revamp to prepare for the next round of ICO. If you didn't get in the first round (October 2017) Here is your chance to get in on the ground floor of what is shaping up to be Cryptocurrencies biggest mover and shaker looking for a slice of what could be a trillion dollar slice of the blockchain inter-operability pie. coindesk.com/blockchain-project-polkadot-plans-ico-to-raise-another-60-million-report
-During a recent dev meet-up a representative from Polkadot stated they where working well within their development timeline and are approximately "two weeks behind schedule". It seems they are running on time and a Q3 release is likely.
-Polkadot recently annouced an official partnership with Chainlink. We know that Chainlink is looking to provide off-chain scaling solutions using TEE. Also, the Polkadot Official Telegram is now being moderated by non other that Rory, the community manager for Chainlink. Rory has only started moderating the telegram within the last 2 weeks. It seems that Chainlink and Polkadot have closer ties than one would assume.
Christopher Clark
another low IQ faggot trying to be something on the internet great thank you
Carter Flores
What do you know about the Paramilitary train that's being secretly developed with Chainlink developers such as Steven and Rory?
Hudson Reyes
>polkadot investor >low IQ interesting theory buddy
Owen Sanders
beware everyone, discord worms have being trying to derail threads regarding CL and Polkadot apparently there is some real juicy information around regarding scaling solutions using Polkadot and Link, no doubt there is but mainly I want to get biz in on this second ICO because its like chainlink, a rare diamond in shit
Anthony Cox
Go get em rory!
Ethan Cook
the delusion continues... >juicy info >.46 cent token
Cooper Rogers
this project might be cool, but can we pause for a moment and appreciate how fucking ridiculous a $140M ICO is? this team raised $140M with an idea?!?! now why the fuck would they need a second ICO? $140M should be more than enough capitol to last them a hell of a lot longer than their first year. these are insane bull run valuations. no way I'd pay $220 for 1 DOT
Logan Stewart
only late adopters would buy this.
ethereum and all of its developers aren't going to waste time on some secondary network. inter-blockchain communication is a solution to a problem that doesn't exist. there are and never will be more than a handful of popular blockchains, with platforms like ethereum and bitcoin continuing to eat up the rest of the market through layers.
there is quite literally no market for a middleman blockchain.
Ryan Carter
you're right. there's no market for this right now. there might be someday...but that's a big maybe. this kind of valuation on a project trying to solve a problem that doesn't even exist is madness. whether or not it pumps...idk. crypto is fucking madness.
Carter Wilson
>there are and never will be more than a handful of popular blockchains, with platforms like ethereum and bitcoin continuing to eat up the rest of the market through layers Rings true, but it's also possible that new blockchains will gain market share, you ain't no fortune teller
It's curious not even the most spastic Twitter shills discuss the parachain, not even Junko who spergs about pie in the sky shit. None have even included it in their infographics.
Henry Perry
Creating a middle layer plugin for every single blockchain and every app would be stupidly inefficient... >there are and never will be more than a handful of popular blockchains this I absolutely agree with and I dont understand how you can't see the need for an inter-operability solution
Gavin Evans
Polkadot recently valued itself >$1B, putting it in the same vein as Dfinity and Hashgraph. From what I can tell all three of these projects are likely to be scams.
Elijah Wood
The most exciting stuff isnt openly discussed. That parachain isnt the half of it.
Cameron Richardson
I hate discordfagotts. Apparently they like to keep things to themselves with their pseudo Ames and hierarchy fucking right there with leddit
Hudson Nguyen
I think the biggest takeaway from the fireside chat is that they see Chainlink facilitating far more than smart contracts. They envision the network as much more encompassing and the parachain furthers that vision.
Jose Sanchez
If you're going to tease me you should tongue my asshole while you type.
Easton Ross
Isn't the fact they're having a second ICO kinda a huge red flag? How in the fuck have they run out of funds already?
Dylan Hernandez
I think only 5% of people in crypto even understand proof-of-work let alone decentralisation. They just do not understand the technicals or the concepts... at all... they just want lambos and thats fine but thats also why the 90% of the top 100 on cmc is absolute or soon to be trash
Jack Ortiz
honestly its really not, just look at the team and the teams history its gavin wood and parity... and considering that their grander vision is Web3, or a completely decentralised internet and that Polkadot is one part of realising that vision, a vision that no doubt will be decades in the making, you can understand why they would want/need more $$$ and really personally I'd be happy to give it to them as I did in October 2017, but then I'd have to reorganise these bags...
Tyler Collins
if theres a market in the future, polkadot will have come and gone, like every other alt. theres no staying power for an alt released at the wrong time.
possible, but i see no evidence that the market moves to an even more fractured environment when ethereum made is incredibly clear users and developers value consolidation on existing platforms over technology.
because we dont see anything like this in the real world, we see monopolies, duopolies, or open markets, but never a monopoly of a middleman platform like polkadot or any other number of interconnection alt platforms that failed before it.
Blake Gomez
parity has a very low reputation amongst developers in the blockchain world, i think asking developers to hand over large parts of security to people that have consistently failed to keep high standards of security themselves is a non-starter. remember slock.it?
Eli Peterson
Polkadot from what I understand is kinda like atomic swaps, easier and more efficient than other middleware solutions... it IS the middle ware solution like CL is the solution for off chain data Polkadot and Cosmos are the solution for inter-operability. sure it would be a monopoly but its also open source
Luis Price
I really don't think they should've burned through that much money already.
Eli Taylor
my point is theres no prior art for such a system ever taking off, in a technical but much more importantly in an economic way either.
atomic swaps are a cute idea but not something thats relevant to the greater developer/user community. if atomic swaps were released, and a trustless link between btc and eth established, it only cements the lack of a future for other middleman platforms.
Ryan Fisher
I agree that parity makes sub-par code it seems which is dissapointing but theres being endless blockchain code fuck ups, and sergey plucked steve from parity so they can't be all that bad and can bad coders be fixed by good auditors? this is what is the most embarrassing re Polkadot and parity
>theres no prior art for such a system ever taking off poor argument kinda irrelevant considering the same could have being said RE bitcoin 2008,
>if atomic swaps were released it only cements a lack of a future for other middleman platforms If atomic swaps work it only cements the necessity for interoperability standards
they lost 90 million of the 140 due to a bug found in the wallet code used... see my reply to
Liam Evans
if polkadot works it could allow other coins like BTC, LTC and Doge to be used as collateral on Maker DAO. Imagine what this would mean for the price of ETH and MKR.
Logan Nelson
We already have WBTC in the works. Polkadot isn't necessary for that.
Charles Smith
Is WBTC decentralized or does a centralized entity have to hold the BTC and then issue the wrapped token?
Bentley Sanchez
no, bad coders can't be fixed by good auditors, because auditors aren't magic, again, remember slock.it and the dao?
the whole reason you're posting about this is that you think you're going to get rich from it, right? the economic model is all you need to look at, and there's never been an example. bitcoin's economic model is thousands of years old, its simply a bearer asset of limited supply.
and the atomic swap is the standard, polkadot of all companies won't be developing a standard for something, it will be whatever btceth use, just like the evm has become a defacto standard for smart contracts.
only they couldn't, because a direct solution is always going to be cheaper and more secure. why introduce a middleman especially one with its own funding token? direct solutions will always win out in that case.
Levi Ramirez
it's centralized, they all will be until atomic swaps come out, and even then, long term atomic swaps are meaningless when the supermajority of all transactions never hit the blockchain itself.
Oliver Perry
your starting to babble incoherently, if you could outline exactly what economic model your referring to that'd be great and I do remember dao and have never heard of slock.it I am not a coder
>it will be whatever btc and eth use btc and eth developers yeah, and I don't see why they wouldn't use an out of the box open source middle ware solution
>polkadots redundant because we have a centralised solution interesting theory this one
Daniel Davis
>Raises over 100 MILLION USD for a whitepaper in 2017 What the fuck >Decides to do another ICO at the peak of a bear market while haven't released mainnet and with them still having huge amounts of cash on hand YIKES, greed and money grab
If you invest into this god bless your soul
Jace Green
Glad I'm not the only one that thinks this shit is a blatant scam.
sorry. once 140 mill raised and they want more money. fuck off. learn from halo team, they raised very minimum. and yet they achieved alot. thank god ico bubble popped.
Oliver Walker
Based Rakesh.
Wyatt Cox
WILL THIS MAKE ME RICH?
Josiah Hall
sure nigga
Jackson Adams
No. This is how VCs dump their shitcoin bags on normies.
Landon Cooper
yes it will
Jacob Davis
There it is. Thank you for confirming scam status.
Christian Bell
I've already made it user, I hope the same for you
Matthew Davis
How do I buy with Fiat right now?
Noah Cooper
the economic model that a middleman service is somehow going to become a monopoly when it relies on a very small number of external services where it derives all of its value.
thinking that these interconnecting platforms would ever be used in the first place is the real delusion.
>btc and eth developers yeah, and I don't see why they wouldn't use an out of the box open source middle ware solution any examples of btc and eth using a third party blockchain with its own funding token's solution on their own network? no, i didn't think so.
wbtc is a centralized solution. polkadot is a redundant one. second layers are where all the action is in the next few years of crypto, not middlemen peddling their own token and creating nothing but friction. if it's trustless, their token is meaningless.
Andrew Lewis
$140m ICO and want to do a second ICO? are you fucking kidding? Imagine the dumping that will occur.
Grayson Reed
This
Luis Gonzalez
Not going to buy this pedocoin
Easton Rodriguez
>second ico >raised 140 mil 1 year ago >have yet to release anything >140 mil vaporware
AHAHAHAHAHA OMEGAKEK There is no helping you if you fall for any project doing a "second ico" let alone a fucking second ico after the first one raised ONE HUNDRED AND FORTY MILLION USD which is supposedly all fucking gone in 12 months and has resulted in absolutely fuckall "valued itself >$1B" AHAHAHA you can't make this shit up ahahahaha o no no no no AHAHAHAHAHA
Hudson Smith
I still can’t figure out the need for something like polkadot in addition to chainlink. Chainlink’s pitch is to connect to real world data or between blockchains. Why polkadot?
Kevin Wood
Hello dot user. Any idea when 2nd ico will be and what price it will be at? Cheers dude
Owen Evans
Can't find any info on how to get in on the 2nd ico.
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