My thoughts on Polkadot: The bull case for $DOT is a hypothetical world where rollups dont exist to scale DeFi apps on Ethereum. We dont live in that world. Polkadot is a temporary hedge against Ethereum (as Tezos was in 2019) but Ethereum will win in the end.
Wrong my friend. There are two scenarios: 1. DOT improve ETH as a interoperability layer and parachain ecosystem 2. DOT overtake ETH after beeing the ETH improvement interoperability layer because ETH 2.0 do not scale fast enough In both scenarios will win.
Will agree when transaction costs reduce on ETH to do anything in defi.
I have to say I do believe in Polkadot. My biggest hold is ETH but I feel down the road Polkadot will have a good share of ETH`s load (never kill Ethereum though).
One doesnt need to win. Heres a parable: Android has apps iOS has apps They are both great platforms. You dont have to bet/invest on one to win.
Or theyll run off into the sunset holding hands
is it me or polkadot sounds complex at every explanation i listen to. life is meant to be simple. i could understand ethereum fast within 30min i was introduced to it 5 years ago
Ethereum has first-mover advantage, but first-mover doesnt mean better. Polkadot uses Rust (which is an easier programming language to learn). The decentralized protocols on Polkadot are also easier to upgrade than on Ethereum. Which is why many developers are migrating. DYOR
why dont we look at both developmental layers and talk about it? Why are so many choosing to build on $dot over $eth? One thing g I do know is leaving gas fee structures up to the developer is quite advantageous. Customization in development matters
Buying $ETH today is like securing your Future (Cars, Houses, Cash and Cash Equivalents like Crypto Balances convertible to Fiat) Buying $DOT today is just buying an extra Vacation or Farmhouse in the Hills. Buying $LINK today is like being a Future Billionaire. It`s that Cheap.
$DOT and $ATOM having cross chain interoperability is a pretty big deal narrative wise. I think it is unwise to write off the internet of blockchain narrative they will be building.
Why does it need to be competition? Theyre different things that can co-exist. Ethereum is a finance based blockchain, Polkadot is a platform for anyone to build blockchains on and link it up to others.
The lvl of understanding of what blockchain as a fundamentaltechnology: $BTC maxis > $ETH Maxis > Token economy advocates
Yet, its VPP is interoperability, which Ethereum is not being focused on. Tezos is a hybrid (privat/public) protocol and cant be compared to ethereum. Same applies for EOS. EOS allows code change decided by a small group of ppl. You cant compare that protocol either.
Yup. Can you name 1 significant thing that Dot does that Eth cant do? (And apps under that, not just a tech feature)
One protocol to rule them all, right? None alternative has a chance.
People will work where they can find a community grouping around something they love. It`s going to be completely normal to have devs swapping between, and teaming up with, other chains. Network effects help everyone too
cute I really like Tezos, the fact its built in OCaml makes it super safe. Isnt Polkadot about interoperability, have they started parachain?
What are your thoughts on Substrate chains are able to experiment with runtime level innovation, I.e governance/treasuries. Not possible if you are coupled to ethereum governance and fork choices. Maybe ethereum wins for DeFi, but crypto is going to be bigger than that.
Ethereum = Wall Street Polkadot = Main Street
Always the same with those maxis. When there comes competition the get negative and try to hold up eth. Both can win at the end, its not one winner takes it all. Thats so 2017 ich ..
Which one is the best? there are no DeFi apps on Ethereum nor any decentralized technology whatsoever you don`t live in reality Ethereum has so far only failed in every technical aspect and exists only due to misleading marketing we also refer to usually as fraud 100% wrong. Ethereum has Infura problem. Polkadot has Saito solution. Difference isn`t rollups. It`s whether the $$$ user-facing network is run by companies that need to cannibalize inbound fee flow. ETH = permissioned network. Polkadot = open. Windows vs. Linux
is not an eth killer and has stated that numerous times. Its here to compliment eth
eth is led by pink unicorn teenager and way behind ada in all aspects
There is room for both and more in the space imo.
I agree with the first part that Ethereum will win against other POS networks. But did you evaluate larger thesis that economic incentive system of POS are inferior to consensus protocols and what will happen to Etheruem with the launch of Flare.
Has anyone done a detailed technical comparison between parachains and rollups?
basically polkadot says it is complementary to ethereum ecosystem
I agree, never underestimate the power of first to market.
The maximalism is strong with this one. We will see who wins. Thought experiments wont cut it.
Another Eth killer which will win in the end by acquiring more Eth & Btc, but you the bag holder will lose.
They can bring out whatever killers they want but Ethereum will come out on the front in the end. Its too well established and trusted . Either work on, in or tacked to Ethereum or die ......
That sounds just like $ETH maximalist talk, without comprehensive and objective review. $DOT is definitely more than an $ETH hedge. But of course, if $ETH totally messes up than it will be used more, if not it will be used less. But than you can call every item a "hedge".
Clearly dont know $DOT then. With your mentality Apple wouldnt exist and we would still be using Nokia phones or Sony Walkmans.
No need to fight for user when there is no one.
Runtime modules and no-fork upgrades are also worth considering in the bull case, allows chains to lego runtime components quickly and accessibly. More of a Substrate feature but DOTs bull case is also that it links all these modular lab-chains.
Everyone long enough in this crypto knows that at the end ethereum will always come up as winner.. DOT will be the same.. come and go
Dot is uber expensive to build on
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ETH = yahoo auctions DOT = eBay
I think it`s more a question of leadership. Ethereum has flailed around for years, yes it was solving an extremely difficult problem but dot took a more pragmatic approach and is now ahead in development. I think there is a strong chance that eth has squandered its lead.
You need just try it is smart contract platform, with all features that ETH devs are only dreaming about , easy emplementation of ETH contracts. After parachain connect -defense and interoperability of All main ETH problems are solved in Plasm.
Euh in a competive world was ever place for more than 1 or even 2 player so they both will be fine.
Maybe we think more about the decentralized system in which even 2 fantastic platforms can exist in parallel. There does not have to be a "winner". openyourmind Decentralized_Club Decentralization womeninblockchain Ethereum Polkadot
All tou etherians seem to live in a binary world, unvelievable
You will tweet the same about $ADA a few weeks from now.
Your concept of win is a misguided one. I think everything will compete with everything for years to some extent in crypto blockchain. 12 years later $btc is not what many thought it could become and it will probably not be what it is today 10yrs from now.
Hm. Hard disagree on that point though. What about the world we live in with cross-chain atomic swaps? There are DeFi apps, and value, on multiple chains. Interoperability will only increase / become more seamless. New chains and value will be created... still zero sum?
Agreed, except Cardano will win at the end. It`s all about leadership.
Ooof you should do some more research. Look at which is the first parachain connected rococo on It has rollups and is essentially ETH 2.0 on $DOT while ETH 2.0 is still nowhere in sight
Maybe, maybe not. Time will tell. So many good and superior projects are building besides ETH and these will soon overtake if ETH does`t keep up.
Where are my $ATOM peeps?!
Thats the bull case of a lot of Gen 3 protocols... PolkaDot, Cardano, Algorand.... at least Cardano has a solid reputation and team behind it.
How many active developers on working on Ethereum vs Polkadot?Suspect that would be a pretty telling metric.
is lurking on that spot
The ETH PoW miner vs. PoS oligarchy battle is just getting started. Flexpool officially announces its position against EIP-1559s Proposal to Dramatically Reduce Miners` Earnings Its not a competition with everything. Polkadots parachains will bridge Ethereum ecosystem over to $DOT and vice versa. This is a win win if youre holding both.
Eth maxis are just as bad as BTC maxis.
It amazes me how many people still have the same, tired talking point about $DOT somehow being in competition with $ETH, when its not. It`s complimentary, about Interoperability. Agreed, there will be no $ETH killer, least of all $DOT.
Sincere question: Does that mean you think were in a winner-takes-all space? I dont think its a zero-sum game the way that tweet seems to imply (i.e. win in the end.)
bitcoin and $ETH are already stores of value that you only want to HODL. These new coins have massive utility.
Yeah this is a hard no
thoughts
Yes totally agree, says the Pokmon that capitulated spot $DOT around $5
Not cool to talk about something before understanding it
Hold up.... tezos is a ghost chain lolll. DOT has so much interoperability above tezos. You can`t compare Dot to tezos
In all reality, Polkadot serves as more of a collaborator than competition to Ethereum... The $DOT ecosystem adds more value to the whole crypto space.
All over this tweet! So you feel its a threat .. buying more dot now
$ETH maxi is found
Always interesting to hear outside perspectives.
Thats the difference my guy, polkadot $dot not in competition to $eth they are more working side by side ensuring interoperability with multiple dex
Ive been using Loopring and am floored with how good L2 is. When the big boys (Uniswap, Aave, YFI, Synthetix) are L2 enabled, its going to be game over before the game starts.
Agree but at least we dont have to spend our profit in gas... when a normal trade on eth is around $15... eth is designed to fail at the end. Too big to be refactored
No one, no one, can come at King $ETH ... ,not $DOT $XTZ $NEO nor $ATOM
At this point it`s an insanely overvalued hedge. If you wanted to hedge (seems unnecessary to me), I`d go with $ATOM or $NEAR
I think it`s too early to oust the possibilities of $DOT when it launched less than 4 months ago.. $DOT has multiple chains for multiple use-cases.. Kinda like ERC20s vs ERC67s.. Just more customized for specific use-cases without the limitation of $wETH tokens + tx fees
Umm.... no.
Poaching! funny! if the network they are using stalls and gas gets prohibited to do a simple transfer also no voice, how do you expect their Dapps to survive? they look for the best, most eficient, fastest tech available, reasons for migration to summoning You should think of polkadot as a layer 0 chain. A parachain (shard) can add smart contracts like Polkadot isn`t a direct competitor to ethereum. Both chains will be successful and coexist.
can defi exist on dot, can aave, snx migrate to dot?
Also a world where interoperability between different block chains is encouraged. And one where the code is easily upgradeable. There is not a competition though. DOT and ETH can and will co-exist
Ser youre wrong, defi strong on Dot
Do rollups have the ability to trump side-chains?
$DOT reached point of insane overvaluation ages ago. Now it`s just ...
You need to do some more research on You are comparing Polkadot to Tezos, Polkadot is not a Smart contract Platform, Polkadot secures a network of chains that at the same time can host hundreds of chains, this is not a competition to win anything.
kinda agree but we will see people talk about it only because number is going up when we enter a bear market eth will decline less than all the shitcoins
