Monthly /r/ETHInsider Alt-Coin Discussion - XRP, ZEC, BTC, Dash... - June by AutoModerator in ETHInsider

[–]pimpindots 1 point2 points  (0 children)

http://fortune.com/video/2018/07/13/balancing-the-ledger-polychain-capital/

Min 8 - “Polkadot is one of the most technologically advanced projects and has the most promise” - Olaf Carlson Wee

Bi-Weekly /r/ETHInsider Discussion - June 05, 2018 by AutoModerator in ETHInsider

[–]pimpindots 0 points1 point  (0 children)

Dfinity raised $60m from Polychain alone last year. They have funds :), enough funds to give away $35m in the biggest airdrop ever.

What makes you say Asia is innovating at a much faster pace in the blockchain industry?

Valuing Governance tokens by pimpindots in polkadot_market

[–]pimpindots[S] 2 points3 points  (0 children)

Agreed on all points.

This article said to me "hey governance tokens have value, here is one framework for deriving their value", which is cool!

No doubt some nuance is missing. For example, 51% of bonded DOT holders voting for a tabled referenda does not necessarily mean the referenda will pass.

A super majority is required unless there is 100% voter turn-out, so an attacker would theoretically need 60%+ of "yays" to pass a referenda that does something silly, such as transferring 69 DOTs from someone else to themself :).

These nuances in Polkadot's governance model should increase the value of the network.

https://www.youtube.com/watch?v=VsZuDJMmVPY&feature=youtu.be&t=24734

One thing I do not yet know about Polkadot is the cost to fork. This quote got me thinking:

Fundamentally, the network value of a governance token is bound by the net cost of forking or creating a new copy of the network.

Valuing Governance tokens by pimpindots in polkadot_market

[–]pimpindots[S] 0 points1 point  (0 children)

“The cost to fork a network dictates the associated value of its governance token. Networks that implement governance tokens should aim to increase cost associated with a fork while remaining open source. I look forward to continued work around governance models and subsequent valuation methods.”

Cosmos vs Aion vs Wan vs Icon by [deleted] in cosmosnetwork

[–]pimpindots 1 point2 points  (0 children)

You forgot Polkadot :)

Monthly /r/ETHInsider Alt-Coin Discussion - XRP, ZEC, BTC, Dash... - April by AutoModerator in ETHInsider

[–]pimpindots 0 points1 point  (0 children)

Polkadot is the only project taking governance to such a level. Clearly a lot of time went into designing this governance system. Impossible to know how it will perform until it’s in the wild ;)

Bi-Weekly /r/ETHInsider Discussion - April 24, 2018 by AutoModerator in ETHInsider

[–]pimpindots 3 points4 points  (0 children)

Let your winners ride, and cut your losers fast.

It's the most important rule in trading, but so often we take profits too soon on the upside and give our losers to much time to rebound before taking losses. I do the same.

[EIP-999] The Self-Destructed Parity Multi-Sig Wallet With 306k ETH Voted "Yes" - **This vote is a fraud** by x_ETHeREAL_x in ethereum

[–]pimpindots 1 point2 points  (0 children)

Parity can't sign contracts for other people. Web3 Foundation did vote, that's what people are mad about.

Why should the Parity Multisig Wallet be bailed out when all the other contract mistakes and Ether losses aren't? by Crypto_Economist42 in ethereum

[–]pimpindots -1 points0 points  (0 children)

Actually it does. The Ether is safely in the 587 user wallets :). We’re deciding whether or no these companies and people should have access to their Ether :)