CoinStudio

Validator @Polkadot, @KusamaNetwork, @AvailProject

[CoinStudio @stakingstudio]

How I Learned to Stop Worrying and Love the OpenGov!
@Polkadot @kusamanetwork

[CoinStudio @stakingstudio]

If you're in crypto, pivot to remote drone piloting. @megacorphq

[Turboflakes @turboflakes]

`suno` -- Yet another way to manage Substrate Node Operations from your terminal.

Checkout our latest project here https://t.co/JZOe0sqWAD

[Larry Cermak @lawmaster]

1/ Today I’m releasing an open-source book in collaboration with @FrankResearcher that I wish existed when I started in crypto. It’s split into 15 chapters covering everything that matters - from BTC to DeFi, MEV, Hyperliquid, quantum resistance, etc.

https://t.co/oDYsukFxvF

[Polkadot Testnet @PaseoTestnet]

Hello all!

Today we went sub-second.

That's it.
Have a nice day.

[Avail @AvailProject]

For years, the onchain world grew in fragments.

Apps deployed on dozens of chains. Liquidity was scattered. Users lost between bridges, networks and native gas.

But when networks connect, value crosses distance, liquidity moves freely and apps reach anyone.

This is the new world. 🌐
Connected, unified, powered by Avail.

[CoinStudio @stakingstudio]

MONAD BOXES 🎁

[CoinStudio @stakingstudio]

Use my link to get early access to Trade[XYZ]

@tradexyz on any asset, 24/7

Join here: https://t.co/D5MqB3PJFO

[CoinStudio @stakingstudio]

@PaseoNetwork Smooth migration completed ✅

Proud to have contributed as both a Paseo validator and Paseo AssetHub collator.

Huge congrats to the entire team for making this happen! 🚀

@Polkadot #Paseo

[Polkadot Testnet @PaseoTestnet]

🚀 The AH migration is done!

Over the next ~6 hours, we’ll be monitoring closely to confirm everything is running as expected. So far, everything is looking solid ✅

A huge thanks and congrats to everyone who made this possible. None of this would have been possible without the amazing teamwork and commitment from so many people.

[CoinStudio @stakingstudio]

@hitchhooker

[CoinStudio @stakingstudio]

@jellulu_fish @HenryK_Xel @nonceclassic Looks great, would love to try it!

[byte @byteboro]

very proud to say the anarchic bird is making some big moves

a black phoenix, reborn from a little canary

and part of that is a new website i may have had a hand in - go check it out

smart contracts are live on Kusama. go do your worst. leave your mark. let your code fly free.

[lemec @le_mec]

I don't like FUD being spread about @Polkadot

usually I don't address it and rather prefer working in the shadows to fix things

but apparently there's a bunch of people having concerns and not feeling comfortable to speak freely

So, let me address some concerns we all have so you don't have to feel alone and my thoughts on how they can/are being flipped around

(there's a lot of work going into this already)

--

1. DOT price - yes, it's down like 93% since ATH. Not sure I have to say this but obviously nobody likes that.

How do we fix it? Well, we need buy demand (shocker, I know.) Decreasing supply simply isn't gonna cut it tbh. How do we create this demand?

> OTC deals
get large VCs, pension funds, EAMs, Familiy Offices in with a lock and a discount + we need the cabal to join. How? Become friends with cabal. Why?

1. Owning DOT at favourable terms would be financially lucrative for them, and would also align incentives, since they want to make profit and therefore support DOT going up. Leveraging networks etc.

2. Because crypto is a highly political game. If you're not playing ball with the cabal you will not be a poster child. As simple as that. This means, favourable terms, building strong relationships with Founders of CEXs, Stablecoins, VCs, MMs, large Protocols, and key KOLs. It's not utility that drives the narrative, but the cabal. If you don't agree, you don't know how crypto works.

> Narrative
Show how we will succeed, when we expect it to happen and actionable items we are pursuing to achieve it. Don't just show a tech roadmap - focus on highlighting where value is created and how. Oh, and tokenomics that make sense - don't just rely on coretime sales.

> Communication
Talk to stakeholders, listen to their concerns, show progress and willingness to adapt. Leadership! Oh and be nice!

2. OpenGov - quite a substantial experiment and definitely interesting to observe. I personally think it showcased how important quality leadership is and how most people can't budget right. Then again, incentives are misaligned so who can blame them. It was fun, but probably time to take a step back and re-assess how it should be structured, if at all.

> Oversight
the experiment is monitored and new fixes like DVs and similar are implemented on the regular. The question is, should it keep going? (treasury spending specifically)

> Dependency
If we want to mature as an ecosystem, we need to incentivize businesses and initiatives coming to the treasury to become self-sustainable.

> Budgeting
some of you are outright retarded with the amounts you request lol. Negotiate prices - I know of multiple instances where campaigns and events requested higher prices because it has made the round that the polkadot treasury will always pay higher prices. Be reasonable - don't grift.

3. Decentralization - I understand the OG web3 urge to make sure everything is decentralized. I really do. But let's all agree to first build a solid foundation (specifically in non-tech areas), leading us towards success rather than decentralizing for the sake of it.

> Principles/Pride
Sometimes it's better to be successful than to be right. What are others doing that work? How can we copy it? Once it works, how can we make it more decentralized without compromising efficiency? Be humble, not cocky.

> Coordination
There's really no point in having 6 teams reach out to the same stakeholders or 3rd party providers. This can only be resolved by overarching leadership and hierarchy. Otherwise we just fund too many initiatives that do the same thing. Incentive alignment is also key - if you make us money, you should make money. (specifically for BD and sales roles) If you work in any of those functions and are not edging to make money, you should consider changing job.

4. Lack of users - Look...yes, you need products to attract users. But I also strongly believe users start with branding and community building. For too many years we've been perceived as arrogant and too technical - excluding the mass market. Yes, hackathons are great and onboarding devs via PBA is nice. But they're not users.

> Sometimes you just need people to like you. That's how you do sales, regardless if it's retail or institutional players. Make them like you → become friends → do business. Aka, we need more likeable people - not "know it all's" to attract community, aka users, aka investors.

> Users follow price action, not the other way around.

5. Priorities - Now, since most vocal people in the ecosystem tend to be PHD level devs, which is great, phd devs = gud devs, but also means we end up focusing on tech. (duh)

> However, the CTO should never be the CEO. Because they have 2 fundamentally different roles and responsibilities. The CTO pushes boundaries, researching, putting pieces together, envisioning the complete product and it's possibilities. The CEO needs to deliver on the vision, manage stakeholders, make sure he can mobilize resources and keep the CTO in check (usually has a tendency to get lost in a topic, rather than being focused on shipping fast).

> Why am I saying this? Because that's what we're missing - accountability, leadership and a clear path towards success. Not building something because we can, but because there is demand and a clear path towards profitability. We need a CEO that's vocal and public!

---

Look, there's a lot of work ahead to make Polkadot successful and I'm not gonna pretend like it's gonna be easy breezy. But I'm confident that step by step we'll get there if we position the right people in the right place with the right resources. For this to happen we just need to collectively accept the flaws and move away from decentralization and towards accountability.

This is not a charity - it's a business.

I'm happy to see that there's a lot of new and exciting initiatives on the BD, IR and Financial Structuring side addressing those exact problems. It's not like nothing is happening - you just haven't seen the fruits of it yet. New players, fresh capital leveraging our solid tech foundation to attract builders.

On the community side we need a culture change. We need to be welcoming and humble - let's compliment others, become friends and eventually join efforts.

It's a journey which requires collective effort - step by step.

MPGA

Thank you for your attention to this matter!

[alex 🥷🏻 @LeftOut247]

@AvailProject crosschain UX will finally be fixed

let the onboarding begin

[Polkadot @Polkadot]

2020-05-26 15:36:18 (UTC)

Five years ago today.

Polkadot finalized Block #1

26,000,000+ blocks later... Polkadot is the most decentralized and resilient network in the world.

Built to last.

[Lens @LC]

Lens is live on mainnet. SocialFi starts now.

[Avail @AvailProject]

Lens Chain is LIVE—powered by Avail DA and @zksync!

Your memes, threads & GM posts out here? They live forever—fully user owned, monetizable and fully decentralized.

🌱 650K+ users
🌱 28M connections
🌱 12M+ posts onchain

@LC is set to grow massively, and this type of scale is only possible with the Avail Stack.

SocialFi just got an ultra boost. Don’t fade it.

[JAMdot Technologies @JAMdotTech]

Big day!! Today we achieved full milestone 1 conformance for the JAM Implementers Prize.

PyJAMaz will be open-sourced when the prize rules allow for it. #JAM @Polkadot

[byte @byteboro]

what the JAM TOASTER is, and what it isn't:

the TOASTER is a datacenter of (currently) 87 physical servers

this is ONLY for running the JAM testnet, which is going to be put through a gauntlet of different scenarios and load tests to discover optimizations, fixes, and ensure client implementations' resiliency as a unified network

JAM implementation teams will have access to these machines to run their nodes - and see how they stack up against each other

the TOASTER is purpose-built for rigorous high-performance testing, and having full control of the hardware will help JAM teams track down potential issues faster

the TOASTER hardware is NOT what validators will need to run on mainnet - these machines are specifically overpowered so more than one validator (6-12) can run per physical server, which is more optimal for both power usage and space requirements

when JAM goes live, people will be able to run globally distributed validators on performant consumer CPUs and NVMe drives - no special hardware needed, and these validators will be extremely decentralized

perhaps most importantly:
the TOASTER will heat a jacuzzi, which gets hotter the harder we work the CPUs, so we'll be extra rough on the testnet

[Bastian Köcher @bkchr]

Charlie and Dave are quite busy 👀