Jona | ⭕️

thinking about systems & spaces | dreaming of community-oriented urban development

[Jona | ⭕️ @UrbanKernel]

@Rainmaker1973 @grok is this real?

[Chamath Palihapitiya @chamath]

Over the past 100 years:

The number of banks have gone from 28,000 to 4,500

The number of public companies in the US peaked ~8000 and has since shrunk to ~6000

Meanwhile the amount of regulation and regulatory agencies have exploded.

Regulation, at the limit, strangles entrepreneurs, smaller businesses and public companies in favor of consolidators, large rollups and administrators.

We need a regulatory reset.

[Jona | ⭕️ @UrbanKernel]

@Polkadot is inevitable

[lolmcshizz @lolmcshizz]

Polkadot has...

🔸The highest production tps of any network even at a fraction of full (existing) capacity

🔸The only credible roadmap to scale even further with JAM

🔸Billions of $ of shared security for fixed and affordable costs

🔸Biggest tech implementation prize in history with $40M JAM Implementer’s Prize

🔸Decentralised yet coherent strategies for events, marketing, UX, security, DeFi and more fully funded autonomously through governance and not some centralised foundation

🔸The most advanced on-chain governance in web3 and it’s not even close - self-executing automatically based on the result without any middlemen. You can just do things??

🔸The trustless light-client Snowbridge bringing native ETH outside of Ethereum for the first time ❄️

🔸Completely vertically integrated DeFi stack uniting Swaps, Borrowing & Lending and Stablecoin under one purpose-built blockchain - Hydration (HDX) is experiencing constant user & activity growth BEFORE the launch of gigaDOT, HOLLAR & ICE - all of which are market beating products in their own right💧

🔸Industry leading UX including 1-click staking, 1-click cross-chain swaps, easy on & off-ramp & even paying IRL with crypto thanks to Nova Wallet 📱

🔸The highest volume NFT gaming network in the whole space BEFORE the launch of another two blockbuster games - Pudgy Penguins & FIFA Rivals coming to Mythical (MYTH) soon 🎮

🔸Funding options no matter your need including a $140M+ Treasury 🏦, bounties, grants, ecosystem funds, Optimistic Project Funding, Phragmen Initiative Funding...

🔸Leaders in their verticals: OriginTrail TRAC NEURO (AI), Peaq PEAQ (DePIN), Energy Web EWT (RWA), Frequency (Socials)

🔸WUD 🪵

And you’re bearish anon?

[Jona | ⭕️ @UrbanKernel]

Bottom-up organization is the way!

Check out the Polkadot Growth Startegy that Tommy has been working on, based on community input ⬇️

[Alice und Bob @alice_und_bob]

Polkadot Growth Strategy

It's starting. We are building a coalition to implement a strategy for ecosystem development. This has been in the works for 9 months.

We have a clear mission: Make Polkadot the best place to build Web3!

Thread on the six programs to implement it 👇🧵

[Polkadot @Polkadot]

The number of Stablecoins on Polkadot is at an ATH.

Native USDT & USDC is integrated with major exchanges such as Binance, KuCoin, Gate and more.

Fees for sending USDx on Polkadot are less than $0.006

[Jona | ⭕️ @UrbanKernel]

@LeemoXD @Mr__Mountain @xupanweb3 @GregusJakub Any recommendation for how one might structure such a swap, since both sides need to approve?

[Jona | ⭕️ @UrbanKernel]

@Mr__Mountain @LeemoXD @xupanweb3 @GregusJakub Yeah, exactly this

[Jona | ⭕️ @UrbanKernel]

What do you think about creating a whole bunch of proposals for asset swaps between DOT and the tokens of parachains that have implemented open gov (in equivalent amounts, at current dollar value)? Like the Mythical swap

Would create strategic alignment, capture value of ecosystem projects in DOTs value, and create a nice narrative

Could also be done at a higher ratio (1:2?), but the swap could be for DOT bonds (via Hydration)

[byte @byteboro]

so some may be thinking: what are we doing here and why are we doing it?

i'll tell you why i'm doing it:

it all started when i realized i'd have to pay $40 to send money to my own family - at the same bank

of course fees have come down, but since then we've witnessed fractional banking failures, collapses, and unstable fiat currencies

i've seen unbanking of people trying to earn a living being blacklisted by all major payment providers multiple times over multiple years, which leads to collapse of businesses and broken lives

i've seen deplatforming of people's voices and businesses because a government didn't agree with what they were doing or how they chose to accept money, over and over

i've seen credit card companies skimming fees off of small businesses, making their margins even tighter in already dire economic conditions

we can't allow any of this to happen again - it all impacts real human lives, every day

we can't let these people have the power - we need to take it, possess it, and be self-sufficient

this and a million other reasons is why i'm in polkadot.

[Jona | ⭕️ @UrbanKernel]

@Bitcoinovercas1 @Sevi52155506 @danicuki @wearetalisman @Polkadot @NovaWalletApp @NovaWalletApp works great for cross chains swaps and bridging - @wearetalisman really needs to catch up.

But also, @hydration_net should have cross chain swaps build into their UI if Nova can do it

[Jona | ⭕️ @UrbanKernel]

@TanssiNetwork For Polkadot people too? Or just for Symbiotic devs?

Also, is Tanssi launching as a rollup on Polkadot still or an AVS on Symbiotic?

[Jona | ⭕️ @UrbanKernel]

@itsbirdo_ @peaq But... elastic scaling isn't live?

[Jona | ⭕️ @UrbanKernel]

@ProPolkadot @phil_uplc @alice_und_bob @bkchr @Polkadot Appreciate it! 🙏🏻

[Jona | ⭕️ @UrbanKernel]

You're all good man - I think it's just semantics honestly. Polkadot people are just excited about JAM and being defensive. We think of JAM as a cohesive entity, where cores (what you are calling L2s) are just part of the overall machine since their computation inherits essentially the same security as the system overall

I will point out, though, that L2s/rollups/parachains are separate systems that have their own sequencers/collators which submit blocks that the cores then reexecute. So it is somewhat confusing to call the cores themselves rollups

[lolmcshizz @lolmcshizz]

🚀 @Polkadot capacity to increase by 20%

Following in the footsteps of Kusama - referendum #1484 on Polkadot will see the validator set increase to 500 and therefore the number of available cores to 120 (+20% vs current)

[Jona | ⭕️ @UrbanKernel]

@phil_uplc @ProPolkadot @alice_und_bob @bkchr @Polkadot @phil_uplc, i really am curious if you wouldn't mind answering 🙏🏻

[Jona | ⭕️ @UrbanKernel]

@Phil_uplc sir, thanks for engaging and taking all the time to respond to all of these comments 🙏🏻 very interesting to read

Could you tell me: for Cardano partner chains, after the subset of SPOs reexecute blocks, does another set of randomly selected SPOs get assigned to check their work? As I understand ELVES, this is what allows polkadot rollups (or JAM services in the future) to inherit security that is essentially identical to being validated by the entire validator set

[Jona | ⭕️ @UrbanKernel]

@sltrib Shameful - zero journalistic integrity. You deserve to go out of business

[Jona | ⭕️ @UrbanKernel]

👀

[Guidø @guid_o]

The White House. Secured by @Polkadot.