How to solve the ghost chain problem of Polkadot?
More tech?
If you have a building with 100 floors and nobody is going there are you really going to solve the problem by building an extra floor?
The issue is poor leadership
Believing blindly that something is going to do well while every indicator says that it's going to go poorly is not really a good way to protect your money 😅
A project that lags on all metrics can only resort to bragging about being more decentralised 🤦
I don't think Solana guys are worried about being less decentralised 🤣
Remember the days of being the ETH killer? Now it's more about trying to be the SUI killer 😜
First of all it's not true that Polkadot is the only project that "failed", some projects did worse like for example polygon or cosmos and some projects never saw the light of the day from the ICO (survival bias)
The main reason I decided to invest in Polkadot is Gavin credibility and track record and the vision of the layer 0
The reason I decided to sell is when I realised that my assumption that it's better to have a strong product with weak management versus a weak product with strong management (because it's easier to improve on the management side than on the product side) was wrong and that the role of management is extremely important and should not be underestimated
I still consider the investment in Polkadot an elegant failure, even if almost everything went wrong it was still possible to exit with a good profit because the project and the team from an engineering perspective is very solid
I also sold because I believe this cycle is over and it's now time for bear market
I may very well buy back some Dot again sub $1
Gavin is a superstar engineer, I just hope one day we will get superstar management
Unpopular opinion:
The only reason people buy BTC is because they expect that it's going to go higher. It's irrelevant that it went from 100 to 100k. To stay at 100k people must keep buying at 100k and for people to keep buying at 100k they must believe it's going to 200k. Same when it reaches 200k, people have to believe that it's going to go to 400k in order to buy a 200k. As soon as people stop believing that it's going to double again they sell or at least they stop buying waiting for the next crash. The only thing that is predictable about BTC is the fact that it will always have bubbles and crashes and for sure not that it's always going to go "up"