DOT

Dharmahuasca

DOT

ioWxss6_bot

A coincidence. Go to https://redditcoins.app/ click on DOT and you'll see the chart of whole history of DOT mentions.

Another_shibe

DOT will definitely survive. AVAX probably.

Marketing_Usual

Would you bet on DOT or AVAX surviving?

CointestAdmin

#Polkadot Con-Arguments Below is an argument written by madpanda94 which won 2nd place in the Polkadot Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > This analysis come from a post from 1 month ago written by me [https://www.reddit.com/r/CryptoCurrency/comments/pl5ggp/knowyourcrypto\_9\_september\_9\_2021\_polkadot\_dot/](https://www.reddit.com/r/CryptoCurrency/comments/pl5ggp/knowyourcrypto_9_september_9_2021_polkadot_dot/) > > ​ > > # What is it? > > Polkadot is a scalable blockchain, which guarantees interoperability between different networks as well as a secure protocol for connecting different chains. It is a Web3 project, which aims to develop IT infrastructures for a decentralized web, at the center of which, together with other projects, will be Polkadot. We are facing a monumental project, with very ambitious objectives and which also aims to offer an important basis for the development of autonomous and collateral projects. Without going into overly technical concepts, the goal of scalability translates into the ability to host more and more projects, ensure greater connectivity without increasing consumption and costs and without slowdowns. Polkadot scalability is one of the main features of DOT network, but it's not the only one. Talking about the concept of interconnetcion between blockchains, there are actually several projects that offer IT infrastructures for connecting blockchains that otherwise couldn't talk to each other. The peculiarity of Polkadot lies in offering interfaces that also allow the transmission of raw data, that is, non-tokenized data. This can be extremely important for data useful for triggering a smart contract, which comes for example from exchanges or other types of data centers. Polkadot network doesn't need hardforks too. In order to implement significant innovations within the project, older generation blockchain projects had to split to continue on the project. This is a slow process, expensive in terms of resources and often confusing. Polkadot (DOT), on the other hand, is a project that allows for the implementation of innovations in the running, or rather in production, without the need to split the tree and leave another as abandoned. A structure of this type, which today is actually common to many and different blockchains, makes Polkadot much more useful in case you want to implement the innovations that the market requires. It is important to talk about the founders who animate the project too. Among these is Gavin Wood, whom the most passionate about cryptocurrencies will remember being one of the founders of Ethereum. An important figure within the cryptocurrency community and inventor of the Proof of Authority and Whisper protocols. > > > # How does it work? > > Before being a cryptocurrency (DOT), Polkadot is one if the latest generation blockchain protocol, which has the main purpose of allowing interconnection between different chains, internal or external to the project. There are several characteristics that we could define as unique to the project: > > > * **Scalability**: Classic blockchains can only perform a finite number of operations and can quickly become too expensive in terms of transaction costs or slow in processing information. Polkadot instead has a shared multichain design, which means that it can process information and transactions by relying on different blockchains in parallel. This allows to eliminate at the root the phenomena of bottlenecks - which are one of the main problems of the old generation blockchains - and to be able to have infinite scalability on paper. > > * **Flexibility**: Another typical problem with older generation blockchains is that they are highly incapable of adapting to uses other than those for which they were intended. In Polkadot, on the other hand, flexibility is by design. Parachains can be developed, which means they can operate according to their own rules and adapt to the needs of the project. This puts enormous potential in the hands of developers, which allows the creation of projects that other types of systems would never have allowed. Allowing sovereignty to internal projects makes Polkadot crucial within the new wave of decentralized finance. That is, systems that aim to offer bank-like services on the blockchain. Those who are comfortable with the terms borrowed from computer science, could imagine Polkadot's parachain and general rules as libraries that can be easily inserted into their projects. > > > **Sharing of information and features**: Just as if they were software that share the same operating system. One of the most important things that can be shared are transaction validations. Those who want to develop their own distributed App, can rely on the entire network that we have just described, behind payments in DOT. The crucial importance of DOT is connected, but it is a concept that we will express in greater detail below, to the use that is made of the platform. > > > # Where to store it? > > The best hot wallets for Polkadot are Polkawallet, Polkadot.js, TrustWallet and Atomic Wallet. If you want more security, a cold storage like Ledger or Trezor is the right choice. > > > # Pros&Cons > > \*DISCLAIMER\* These lists are subjective, it depends from person to person > > **Pros** > > > 1. Functionality > > 2. Scalability > > 3. Very innovative project > > **Cons** > > 4. China (at the moment a large percentage of DOT is held in China, and we all know that China is very unpredicatble if we talk about crypto) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz4ani/rcc_cointest_top_10_polkadot_conarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polkadot) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

TimTkin

Where is my boy DOT? LUNA is in the list but some of the gems not there

git

> DOT 69 nice.

GottaBeMD

Bought some as a joke. Sold soon after knowing I wouldn’t get lucky. Bought some DOT instead

XChristoff

DOT!

jewbagel10

I never understood the hype around DOT

Nature_-1

This is my first Experience of a crypto bear market and I feel excited about it. My focus is stacking up for the next bull cycle which we ain’t sure when it’s coming. I don’t have that much cash flow so am DCAing monthly into some gems I find promising. For now am focused on ALBT because of their DEX launch. then I might move to NEAR and DOT.

vaskovsky

I feel good when some one else is also holding the DOT.

JJFxy

Thank god i am seeing my DOT at a very count number, please let it be this way. Don't mention any more Dot now, Wait did i just that which i am telling not to do.

WinterfuryZX

I still have some dips to buy at current levels but I nave to wait for next month, I'm overinvested right now. If we go down, good, if we go up.. I bought what I could, got some DOT near the current bottom...

RotgutFeng

Polkadot has a higher inflation rate than doge and this sub loves DOT. js

scepitile

Aside from BTC and ETH im looking at picking some GALA, DOT, MATIC and ALGO if they drop a little more, any concerns on these aside from the current state of the market?

JONUTUNIVERSALU

I crave for DOT to be back at $50+ levels

recuzasedg

That reminds me of the DOT that I acquired at around $4 early last year and sold at about $50 towards the end of the year in November and still hoping to to have such huge ROI with EGLD, MEX and UTK that I'm scalping atm.

elektroB

DOT a few hundred bucks next bull cycle

Dharmahuasca

Not investing another dime until DOT hits $5. If it doesn't, I'll just keep my current bag until the next bullrun.

The-Francois8

Plus 1 to Gemini. The 10 free withdraws per month are great. Especially if you like to send a test transaction or do anything ERC20. Use active trader to do limit orders, lower fees. Limitation is only that the number of coins they support is lower than some other sites. Not just shitcoins, but DOT, AVAX, ADA are all absent.

Radsup4

Better read than I thought it would be. Nice DOT plug heyyooo

Dharmahuasca

I don't know why I keep checking Reddit and the chalrts, it'll probably take one year until my DOT is worth something again..

wwamd

For anyone reading we are not late. In fact we are still early if you buy into the right projects. Things like strongchain coming out later this year will see HUGE price swings for tokens like STRNGR and STRONG so buy them now at big discounts along with BTC ETH DOT etc. There are many MANY 10X opportunities right now in DOGE and others which will violently swing back upwards once the market gets some certainty. I’m telling you once we see Biden losing his power in 2023 or something in the fed change dramatically these coins are going to skyrocket due to short supply. So that means you need to stop selling. Big money is buying all of it up right now at severe discounts and they will pump X hard. Trust me on this I’ve been in crypto since 2013 and have done it all. Made and lost millions of dollars. We are at peak gear right now which means peak opportunities for buyers. When everyone is euphoric you should sell because that can’t last forever. Don’t do like me and invest $30k at the top of the market. You would be better off investing $5k now than $30k before the dump. This market ALWAYS comes back and when it does everyone says “ugh why did I sell I should have just held! Why didn’t I buy more when BTC was under $30k I’m so stupid! Of course it was going to go up and now it’s $200k!” Don’t be that guy. Dollar cost average into everything right now and convince friends to do the same. Invest what you can specifically into StrongBlock nodes, BTC and ETH. You will not lose in those three tokens. Nodes are going to explode later this year once the chain comes out and BTC and ETH will always have more buy pressure than sell pressure especially with such high gas. Also get in on some NFTs while price are cheap. Those things as silly as they may seem are art and are digitally verifiable art. It is the art medium of our time and as such will be very valuable especially the collections from more noteworthy artists. Think guys like Eric Paul Rhodes aka secondrealm. Projects that are severely undervalued but in time will see huge growth. The guy is opening his own NFT studio close to NYC so you can bet his art will go up hugely in the future. Just some tips from a crypto veteran. Don’t invest more than you can lose. Don’t confuse trading with investing. Don’t sell the dip. Buy the dip. Hold your investments. Trade on momentum. Good luck out there everyone.

Crypto_Fi

I am into DOT and ATOM and didn’t touch them during my restructuring. I strongly believe in them

X2WE

i own a lot of algo already. Really missed the low for DOT. Might add some

easytsunami421

Men that USDT fud just make him the top 2 in that list. Just look at my boy DOT count number perfect 69. I feel like i have also my contribution towards this number.

diamandtestees

I'm going for DOT

Drewza98

Imho DOT will be the biggest player in Web 3.0

X2WE

YOLO'ing earlier gains into ADA DOT ALGO. Which one doubles first in the next alt season?

git

> DOT 69 > > ALGO 69 nice.

potvas

ATOM and DOT in this price range, hard to ignore them now.

ts_wrathchild

ALGO will hit top 10 during next cycle. It will *probably* be fighting for it's position on the list with DOGE and/or DOT.

TarkovReddit0r

DOT, ALGO or CKB MATIC great when ETH becomes bigger

TheNextPharaoh

I wish it’s **DOT** because it’s my most token in value after BTC and ETH But I think it will be BNB

PlantLeast

DOT

HaySquare2

What you're buying in this dip will determine the magnitude of your reward in the coming alt season. I'm topping up my DIA, DOT AVAX and SPOOL. I'm doing what seem right by myself.

Trans-on-trans

DOT

Do-not-Forget-This

I'm clueless, I bought a bunch of DOGE and managed to get my money back. I then put it in other crypto and it all seems to be doing terribly. The first number in brackets is how many EUR I put in, and the second number is the current value. MATIC (187) (98.22) MANA (50) (44.64) DOGE (105) (33.85) DOT (45) (30) MINA (50) (11) SHIB (26) (9.57) XLM (50) (11) SUSHI (25) (4) ADA (25) (5) It feels pointless to sell at a loss, so I guess it'll just sit there and hope there is some upturn in them.

CointestAdmin

#Polkadot Con-Arguments Below is an argument written by roberthonker which won 1st place in the Polkadot Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from my submission last round** > > **Polkadot** > > **Cons:** > > If you want to contribute to consensus with other cryptocurrencies like Bitcoin or Ethereum, all you need is a powerful computer and a connection to the internet. There is also no limit to how many block proposers can join these networks: the more, the better because it improves security. These things are not true for Polkadot. At the time of writing, [DOT only allows 297 validators.](https://polkadot.js.org/apps/#/staking) This is obviously bad for decentralization because not everyone has the ability to propose blocks. > > Polkadot currently has 13 "council" members. These members are elected through users voting with their DOT. As of writing this comment, to become a Polkadot council member, you would need a minimum of 11 million DOT to back you. At $28/DOT, that's $300 million. Unless you are a popular celebrity or you are super-rich, there’s no way you can become a council member. It’s a elite group that controls Polkadot, and you will never be able to be a part of the important decisions. Polkadot’s governance is skewed to the rich and famous. This makes things ridiculously centralized. > > To conclude I ask: **What is the point of a centralized smart contract platform?** > > The answer to this is that there is no point. Without decentralization, you might as well be using a normal database. At the moment PolkaDot is not adequately decentralized to be called a smart contract platform (in my opinion) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz4ani/rcc_cointest_top_10_polkadot_conarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polkadot) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

CointestAdmin

#Polkadot Pro-Arguments Below is an argument written by madpanda94 which won 3rd place in the Polkadot Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > This analysis come from a post from 1 month ago written by me [https://www.reddit.com/r/CryptoCurrency/comments/pl5ggp/knowyourcrypto\_9\_september\_9\_2021\_polkadot\_dot/](https://www.reddit.com/r/CryptoCurrency/comments/pl5ggp/knowyourcrypto_9_september_9_2021_polkadot_dot/) > > > > > # What is it? > > Polkadot is a scalable blockchain, which guarantees interoperability between different networks as well as a secure protocol for connecting different chains. It is a Web3 project, which aims to develop IT infrastructures for a decentralized web, at the center of which, together with other projects, will be Polkadot. We are facing a monumental project, with very ambitious objectives and which also aims to offer an important basis for the development of autonomous and collateral projects. Without going into overly technical concepts, the goal of scalability translates into the ability to host more and more projects, ensure greater connectivity without increasing consumption and costs and without slowdowns. Polkadot scalability is one of the main features of DOT network, but it's not the only one. Talking about the concept of interconnetcion between blockchains, there are actually several projects that offer IT infrastructures for connecting blockchains that otherwise couldn't talk to each other. The peculiarity of Polkadot lies in offering interfaces that also allow the transmission of raw data, that is, non-tokenized data. This can be extremely important for data useful for triggering a smart contract, which comes for example from exchanges or other types of data centers. Polkadot network doesn't need hardforks too. In order to implement significant innovations within the project, older generation blockchain projects had to split to continue on the project. This is a slow process, expensive in terms of resources and often confusing. Polkadot (DOT), on the other hand, is a project that allows for the implementation of innovations in the running, or rather in production, without the need to split the tree and leave another as abandoned. A structure of this type, which today is actually common to many and different blockchains, makes Polkadot much more useful in case you want to implement the innovations that the market requires. It is important to talk about the founders who animate the project too. Among these is Gavin Wood, whom the most passionate about cryptocurrencies will remember being one of the founders of Ethereum. An important figure within the cryptocurrency community and inventor of the Proof of Authority and Whisper protocols. > > > # How does it work? > > Before being a cryptocurrency (DOT), Polkadot is one if the latest generation blockchain protocol, which has the main purpose of allowing interconnection between different chains, internal or external to the project. There are several characteristics that we could define as unique to the project: > > > * **Scalability**: Classic blockchains can only perform a finite number of operations and can quickly become too expensive in terms of transaction costs or slow in processing information. Polkadot instead has a shared multichain design, which means that it can process information and transactions by relying on different blockchains in parallel. This allows to eliminate at the root the phenomena of bottlenecks - which are one of the main problems of the old generation blockchains - and to be able to have infinite scalability on paper. > > * **Flexibility**: Another typical problem with older generation blockchains is that they are highly incapable of adapting to uses other than those for which they were intended. In Polkadot, on the other hand, flexibility is by design. Parachains can be developed, which means they can operate according to their own rules and adapt to the needs of the project. This puts enormous potential in the hands of developers, which allows the creation of projects that other types of systems would never have allowed. Allowing sovereignty to internal projects makes Polkadot crucial within the new wave of decentralized finance. That is, systems that aim to offer bank-like services on the blockchain. Those who are comfortable with the terms borrowed from computer science, could imagine Polkadot's parachain and general rules as libraries that can be easily inserted into their projects. > > * **Sharing of information and features**: Just as if they were software that share the same operating system. One of the most important things that can be shared are transaction validations. Those who want to develop their own distributed App, can rely on the entire network that we have just described, behind payments in DOT. The crucial importance of DOT is connected, but it is a concept that we will express in greater detail below, to the use that is made of the platform. > > > # Where to store it? > > The best hot wallets for Polkadot are Polkawallet, Polkadot.js, TrustWallet and Atomic Wallet. If you want more security, a cold storage like Ledger or Trezor is the right choice. > > > # Pros&Cons > > \*DISCLAIMER\* These lists are subjective, it depends from person to person > > **Pros** > > > 1. Functionality > > 2. Scalability > > 3. Very innovative project > > **Cons** > > 4. China (at the moment a large percentage of DOT is held in China, and we all know that China is very unpredicatble if we talk about crypto) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz4a92/rcc_cointest_top_10_polkadot_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polkadot) to find arguments on this topic in other rounds.

Regret92

Yep, the price action (or lack thereof) for DOT just isn’t good right now. Staking is okay, but only if the price stabilises…

Wilhonator

I have the same feeling for my DOT coin is well, he feels so heavy.

Dharmahuasca

DOT seems to really have won the hearts of this sub at these prices. I hope it gets to my $70 target next bullrun

Dharmahuasca

Trust me bro, $70 DOT

Dharmahuasca

DOT doesn't want yup recover :[

TheWellBoys

There was a comment in here yesterday saying how it was one of the most worked on chains by developers. I'm already big into DOT, but that comment almost solidified it for me haha

svenalss

why are you all buying DOT? any new NEWS?

Regret92

DOT because it is the SAO biscuit of alts.

IsThereAnythingLeft-

I have hope for the 2 potential L0s, DOT and IOTA

mangilyFeel

The first thing i notice in this comment is the DOT and ALGO number.

20seh

I have all these as well! Order of %: ETH ADA DOT BTC ATOM. Also have ALGO and LINK.

yeetboi_dangerous

Rate my crypto lineup: ETH ADA ATOM BTC DOT

pimpcaddywillis

DOT as an overall MC ecosystem will overtake Eth by 2028, but thats kinda apples/oranges

Videphris

Polkadot (DOT), a layer 0 is needed for both interoperability and preventing rugpulls/scams. I believe in the future many good, and wanted projects will increase the polkadot market caps. Polkadot parachains are launched primarily with crowdloans, indicating the supply and demand of useful cryptocurrency. As you can see, crypto is prevalent with hacks and is not sustainable for future growth. A layer 0 adds governance for tokens, and allows a community where everyone's voice is heard. Although this is my opinion out of many, I strongly urge you to research Polkadot and it's consensus. I'm not looking for a pump, but investing and contributing to something larger than myself.

Faze-Cumshot

Just enjoy your life and DCA into ETH BTC AVAX DOT LINK You will be fine

FilipZalud

Bad time to get if you are looking the market, i would say hold that cash snd wait for a dip. Probably bitcoin you should choose but your money is small so may be choose some alts like DOT, ETH.

Western_Helicopter_6

I loaded up on DOT too! My buy was around $9.75 or something

boxOsox4

DOT and KSM are able to do it because of the parachain model. A very large % of tokens are staked via parachain lease at no cost to the relay chain. Actual inflation isn’t all that high for projects at this point in their development. Considering even Bitcoin inflation was 30-50% in 2011.

SirDogensworth

Every alts giving me the same felling, look at the DOT.

nardo9999

The inflation rate pays for the Staking rewards and for treasury initiatives. The APY is fully covered therefore it is not unsustainable. Staking ensures the safety of the network which for polkadot is the basis of the entire ecosystem. The inflation rate is there to take care of the validators and nominators - staking and inflation rates vary depending on the percentage of DOT staked. It is possible that when the network scales, inflation and staking rewards will see adjustment. In the end the net APY is close to 6% - this is not that far off from ETH at the moment at 4% or something like that

SurenRongyao

BNB XRP ADA SOL DOT AVAX TRX PoS based Coins, Sorted by Marketcap

CointestAdmin

#Proof-of-Stake Con-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Proof-of-Stake Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Reusing from [my previous entry here](https://np.reddit.com/r/CryptoCurrency/comments/pfoke5/rcc_cointest_general_concepts_pos_conarguments/hd7dme2/). > > *Disclosure: (assuming Ethereum successfully transitions to PoS) ~50-60% of my current portfolio is in PoS coins, not including tokens that run on those chains* > > #PoS Con Argument > > Just a note that there are [lots of variations](https://www.finyear.com/photo/art/default/31320255-29572660.jpg?v=1551793721) on the Proof of Stake consensus model - e.g., [Proof of Staked Authority](https://github.com/binance-chain/whitepaper/blob/master/WHITEPAPER.md#consensus-and-validator-quorum) (BSC), [Pure Proof of Stake](https://www.algorand.com/technology/pure-proof-of-stake) (ALGO), Bonded Proof of Stake (ATOM), Delegated Proof of Stake (EOS), Liquid Proof of Stake (XTZ), Nominated Proof of Stake (DOT) etc. Different implementations have different tradeoffs, but I'll try to keep the main arguments general. > > ##Wealth and control > > - As other con arguments mention, PoS consensus favors big players and can [lead to centralization of wealth and control](https://medium.com/stakin/centralization-of-stake-in-pos-f7ccb8f8254). > > - In the absence of staking pools or delegators, the necessary capital required to self-stake (+ hardware costs) can exclude smaller participants: > > - [If you got in early, then you have a larger stake - and your position is basically guaranteed since you had a head start in earning rewards](https://www.coinbureau.com/blockchain/proof-of-activity-explained-hybrid-consensus-algorithm/#Introducing_Proof_of_Stake). > > - If you have a bigger stake you're probably in a position to hoard it, accruing compound interest and solidifying your position as a whale. > > * Airdrops are great, but if they're based off a snapshot of staked holdings ('stakedrop') then the rich get richer (some projects have tried to make [fairer distributions](https://medium.com/osmosis/osmo-token-distribution-ae27ea2bb4db), but [whales gonna do whale things](https://np.reddit.com/r/cosmosnetwork/comments/q8y550/centralization_issue_in_juno/)). > > - The bonding/unbonding periods of some protocols disincentivize participation from less wealthy users who may need to keep their assets liquid in the face of market volatility (i.e. opportunity cost). E.g., ATOM has a 21 day unbonding period. > > - Even if you delegate your stake to validators, there is a centralization of power/wealth: > > - The lack of incentive for smaller participants to be active in the voting process undermines the system's democratic intentions: > > > "[This leaves the door open for the whales to have a more direct influence over the network, especially if they are also able to take control of masses of smaller votes via proxy.](https://www.coinbureau.com/education/delegated-proof-stake-dpos/#Disadvantages_of_DPoS)" > > - Entrusting validation to a small group of participants introduces trust into the equation - delegates could form cartels making the blockchain less decentralized and less resilient to attacks. > > - Cartels aren't just a theoretical issue - historical examples include **EOS**, which has a [vote buying system](https://research.binance.com/en/analysis/eos-governance) leading to [accusations of cartels bribing an exchange](https://www.coindesk.com/markets/2018/10/04/vote-buying-scandal-stokes-fears-of-eos-governance-failure/) and **LISK** which had a [cartel](https://np.reddit.com/r/Lisk/comments/8dwwqa/delegates_or_delegateyou_decide/) likened to [the mafia](https://medium.com/coinmonks/lisk-the-mafia-blockchain-47248915ae2f). > > - Various examples of centralization on more notable chains include: > > - **ADA**: [Binance has 12% of the total stake](https://adapools.org/groups). As /u\/Eagle-Pool explained in [this post](https://np.reddit.com/r/cardano/comments/muf1ap/why_staking_your_ada_with_binance_is_a_bad_idea/): > > >"Cardano created [Enterprise Wallets](https://docs.cardano.org/en/latest/learn/types-addresses.html) that were meant to be used by exchanges that shouldn't carry stake rights. Clearly, Binance isn't using those since they've created so many pools. If they participate in Catalyst voting, they have enough Ada to make or break any project." > > - **ATOM**: [CEXs \(Binance, Coinbase and Kraken\) hold ~17% of the staking power](https://www.mintscan.io/cosmos/validators). > > - **BNB**: [21 validators and if you want to be one you'll need a minimum 10,000 BNB](https://docs.binance.org/smart-chain/validator/Parameters.html). Meanwhile, [Binance owns ~80% of BNB](https://www.coincarp.com/currencies/binance-coin/richlist/). > > - **ETH**: running your own [validator requires 32 ETH](https://github.com/ethereum/annotated-spec/blob/master/phase0/beacon-chain.md#gwei-values). [~20% of validators belong to whales and centralized exchanges.](https://beaconcha.in/charts/deposits_distribution) > > - **DOT**: would recommend the [DOT Con Argument thread](https://np.reddit.com/r/CryptoCurrency/comments/og2peh/rcryptocurrency_cointest_top_10_category_polkadot/) for specifics on the confusing election and nomination aspects of the governance system. [The minimum required stake needs to be higher than the least staked validator](https://wiki.polkadot.network/docs/faq#what-is-the-minimum-stake-necessary-to-be-elected-as-an-active-validator), currently [1.6M DOT](https://ipfs.io/ipns/polkadot.dotapps.io/#/staking/targets). > > - Lastly, there's also centralization to consider given validators' reliance on infrastructure providers like AWS, [Bison Trails](https://bisontrails.co/protocols/) or [Infura for ETH](https://coinmarketcap.com/alexandria/article/ethereums-infura-iating-outage-revives-decentralization-concerns) and software clients ([like Geth for ETH](https://medium.com/coinmonks/how-eth-2-0-could-resolve-the-long-running-centralization-debate-c416b394e54c)). > > > > ###Subjectivity > > - This may be a bit more technical, so bear with me. > > - There is trust involved not just when delegating to a validator, but also at a more fundamental level - how PoS nodes connecting to the network 'learn' what the 'truth' is, i.e. how to sync and validate the correct chain: > > - PoW networks like Bitcoin's are **objective**: [when a new node comes online it can determine the 'truth' based off the protocol and the history of previous blocks](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/). > > - On the other end of the spectrum is a network like Ripple, which is **subjective**: [all the nodes are sort of doing their own thing to determine what the truth is. The network thus requires nodes to have reputation, otherwise anyone could spin up a bunch of nodes to take over](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/) (i.e., [Sybil Attack](https://en.wikipedia.org/wiki/Sybil_attack)). > > - PoS falls in the middle, it's '**[weakly subjective](https://academy.binance.com/en/glossary/weak-subjectivity)**': [when a new node comes online it has to find someone to tell it what the truth is so it can sync up. Reliance on a trusted third party thus adds a small but non-zero amount of risk not found in the PoW security model](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6voht/general_concepts_round_pos_conarguments_december/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

kuangguito

My personal favourite is DOT and i wish i could get him at the single digit.

Pairywhite3213

I hodl MATIC and DOT. The latter offers me a good 40% APY on Equilibrium while also giving me access to support projects gain a parachain slot via my liquid DOT. Also, I get rewarded some tokens as bonus for participating. I was able to acquire EQ, ACA, and PDX through this. MATIC and DOT are good long-term HODL if I'm to offer my two cents.

TarkovReddit0r

ADA SOL DOT are the biggest but generally speaking most “newer” crypto is PoS

juno998

I am not paying too much of the attention to the market price, whenever i get my fiat i have my coins selected of the investment. I am doing 40% in the bitcoin 30% in the ETH and rest 30% in the DOT.

WhiskeyTangoTrotfox

There’s so many projects in the top 25-50 by market cap that are *not* proof of work. Almost everything really *besides* BTC is not based on a proof of work model. ALGO, BNB, ADA, DOT, SOL, AVAX. The list is quite large. These all have lower fees. But if environmental conviction and concerns are at top of your mind, then I’d recommend doing research on Algorand. They’re quite mindful of their environmental impacts and are one the most eco-friendly projects.

totom123

People seem to love DOT. You can get 15% from Binance.

Nature_-1

Assuming this is the bottom, then I’ll count myself super smart. LOL. Successfully bagged most of the coins I’ve been watching at these low levels. DVDX XDB ORE DOT XRP. These have all shown significant potentials over time

DrinkMoreCodeMore

Automatic buys on Coinbase for the past 5 years and APMEX for the past two months. Twice a month auto buys on CB for BTC, ETH, DOT, and ADA. Once a month auto buy for 5 oz of silver on APMEX.

light5577

Sir,, Cosmos already completed its white paper when IBC was enabled last year… there are almost 50 sovereign blockchains connected to it already … also , DOT will be interoperable with it .. soon… and with EVMOS, it will be interoperable with ETH… JUNO is also creating interoperable CW and was the first token to have CW20 trading in Osmosis dex…

CointestAdmin

#Cosmos Con-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Cosmos Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Cosmos Con Argument > > - *Disclaimer: ATOM currently makes up ~1-2% of my portfolio. Including Cosmos related projects like OSMO, JUNO, etc. or projects built on Tendermint like BNB, LUNA, CRO, then it's more like 5%.* > > - While I wrote about the benefits of a [hub and spoke model](https://v1.cosmos.network/images/intro/06-architecture.svg) in the [Cosmos Pro thread](https://np.reddit.com/r/CointestOfficial/comments/qk4yl2/coin_inquiries_round_cosmos_proarguments_november/), different development models/architecture have different tradeoffs (e.g., [Cathedral vs. Bazaar](https://en.wikipedia.org/wiki/The_Cathedral_and_the_Bazaar), [empire vs nation states](https://www.finder.com.au\/brave-new-worlds-cosmos-blockchain-and-social-evolution), [different blockchain types](https://en.wikipedia.org/wiki/Blockchain#Types), or even [DAGs](https://np.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_dag)). > > - **TLDR**: The overarching focus of Cosmos is on interoperability - but a priority on connecting everything together doesn't necessarily benefit the development or utility of ATOM itself. It's natural for developers to disagree on their vision for a decentralized, open source project and some may even regard that as a positive. But infighting is bad for optics and there are certain aspects of ATOM's tokenomics that may limit its value within the 'Internet of Blockchains'. > > ##Team entropy > > - In February 2020, fighting within the Cosmos team lead to a [shakeup of talent](https://decrypt.co/19769/zaki-manian-cosmos-number-two-resigns) and a [restructuring of the companies involved in developing the project](https://messari.io/article/amid-multiple-departures-cosmos-core-contributor-tendermint-inc-restructures-the-company). > > - Former Tendermint director [Zaki Manian accused founder Jae Kwon of neglecting Cosmos by instead working on a side project, Virgo](https://decrypt.co/18324/tendermint-director-accuses-cosmos-founder-of-evading-responsibility). > > - Some (including Jae), regarded the 'break up' as a [move towards decentralization](https://gist.github.com/jaekwon/7cb869769aecf9c86bfd1b9e61c488df). > > - Zaki (in a now deleted tweet) [disagreed with the decentralization claim and pointed to delays in development, turnover and under-resourcing of the Cosmos project](https://web.archive.org/web/20200207134418/https://twitter.com/zmanian/status/1224384772677390336). Others [reported a toxic environment for engineers](https://twitter.com/jessysaurusrex/status/1224417773620588545). > > - Amidst this backdrop of 'he said, she said' the fact is that core developers like to work on their own pet projects: > > - I'm not sure if Virgo is still a thing, but [Jae Kwon stepped down to work on a Gno project](https://twitter.com/jaekwon/status/1360867477572493313?s=28). Zaki went on to [work on Iqlusion and Sommelier](https://www.linkedin.com/in/zmanian/) while Sunny Aggarwal [started Osmosis and Sikka](https://www.linkedin.com/in/sunnya97/). > > > > ##Project entropy > > - The [community tends to dismiss devs fighting as FUD](https://np.reddit.com/r/cosmosnetwork/comments/r2zhz0/its_a_fud_hit_piece_and_makes_me_sick/). And one could argue that developers shifting to work on other projects is a 'value add' to the ecosystem rather than a detriment to work on Cosmos. > > - I'm not so sure - and I think a related example is actually the main products these teams worked on, [Cosmos SDK](https://v1.cosmos.network/sdk) and [Tendermint](https://academy.binance.com/en/articles/tendermint-explained). > > - In the Pro thread I highlighted how many popular projects such as BNB, CRO and LUNA have been built using these tools. > > - Many of those coins now [have a higher marketcap than ATOM - but, beyond displaying their total value](https://cosmos-cap.com/) under one umbrella there isn't a 'trickle down effect' whereby growth in CRO impacts the value of ATOM. > > - This is a function of the Cosmos design decision to [retain the sovereignty of each connecting chain](https://juliankoh.medium.com/5-differences-between-cosmos-polkadot-67f09535594b). Unlike Polkadot or ETH, a rising tide in the Cosmos ecosystem *doesn't necessarily* lift all boats: > > - Polkadot parachains use DOT's security. Ethereum tokens use ETH as gas. But projects in the Cosmos ecosystem are not 'locked in' to using ATOM. > > - [Transactions fees on the Cosmos Hub do not necessarily need to be paid in ATOM](https://cryptoseq.medium.com/cosmos-atom-token-and-the-commonly-misunderstood-staking-tokens-part-three-958c295c5b78). > > - In the absence of a [shared security model](https://blog.cosmos.network/interchain-security-is-coming-to-the-cosmos-hub-f144c45fb035), all the [connected zones and hubs today](https://mapofzones.com/?period=720&testnet=false&tableOrderBy=totalIbcTxs&tableOrderSort=desc) continue to use their own native tokens rather than enhancing the value of ATOM. So, to go back to developer projects, [Osmosis can post growing liquidity and transaction volume](https://info.osmosis.zone/) but the DEX usage doesn't directly benefit ATOM. > > - So while the Cosmos Hub has been crucial to promoting interoperability, in the future it might not remain the economic center of an 'Internet of Blockchains' but instead get supplanted by one of its 'children'. > > - Jae Kwon spoke to this point years ago, [indicating his support for competition between hubs rather than locking users into Cosmos](https://www.youtube.com/watch?v=6OAulsLeDI0&t=749s). > > - And the centrality of ATOM seems to be the subtext of recent [dev arguments over 'Cosmos' nomenclature](https://np.reddit.com/r/cosmosnetwork/comments/scye0t/sunnys_constant_attacks_on_the_cosmos_hub/), with [calls to rebrand](https://twitter.com/sunnya97/status/1486031900925784066). > > - Where Cosmos *does* lock in users is with staking: > > - [ATOM uses a high token inflation rate to ensure a high staking participation. Users who don't stake their ATOM get essentially penalized by inflation, as the value of their holdings is diluted over time](https://medium.com/swlh/what-are-the-flaws-of-the-cosmos-and-how-to-tackle-them-6c114f4f3bd7). > > - This is obviously not beneficial for holders of smaller stacks and/or users who want to retain liquidity without being locked in to the 21-day unbonding period. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yls/coin_inquiries_round_cosmos_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

Friendly_Try6478

Where do you think the value of 1 DOT deserves to be?

firestarter_butlate

If you have DOT sitting on bitfinex, should I be moving it somewhere? Are bitfinex and tether interlinked?

Nature_-1

If I had invested 5k then, it’ll probably be lower then 500 right now so option one is a no for me. Investing 500 now with this knowledge given the market conditions would be great. I’ll DCA into DOT DVDX and XDB for long term profits

yeetboi_dangerous

How many ATOM ADA or DOT would you need to make staking worth it?

KalSereousz

Polkadot Parachain auctions probably didn’t turn out the way Gavin wanted. But I still like what they’ve got going on. What’s your opinion on DOT?

Thatsweatyguy4

This was originally about "unsustainable" high yields, no? DOT staking through Kraken has a high yield due to it being an inflationary asset. Hence, the staking yield is not unsustainable. As a hedge against inflation, that's a whole seperate argument.

Professional-Time-50

Who ever buys it this time around, no longer has any excuse, if the coin goes belly up again. The same way original creators of ETH have reputation and credit when they start new projects like DOT or ADA to get investors into their token, the same way anything created by those that were daring for billionaires on twitter to go ahead an attack their stable coin and see what happens, days before it all came crashing down, need to be isolated by everyone in crypto community, investors included. Unfortunately world is full of suckers and if he's allowed to do it again, he will find plenty of them to drive up the price.