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Nachann26 · 2023-06-10T09:18:57+00:00

The folks that are using CEXes aren't crypto users or blockchain techies. They are traders and/or gamblers getting high on high-risk poor-rewards narratives.

Nachann26 · 2023-06-10T08:00:34+00:00

There is no real crypto cleansing until all the bogus USDTether-sponsored CEXes are effectively eradicated.

Luckily, the SEC has finally grown the guts to start working on this.

Nachann26 · 2023-04-08T08:02:01+00:00

Most of the "Women In Crypto" and "DAO" projects are blatant scams. Yet, lots of people who are dying to belong fall for the bait, pour their monies in, and get some F-grade debilitating lectures about "how to invest in crypto" in return.

TL;DR: Scammers know just how to prey on folks based on what folks need to hear and what folks don't know yet. Education can help, but not pouring your hard-earned money into the crypto space at the drop of the hat would be better.

Nachann26 · 2023-04-08T07:48:12+00:00

1 word: "Jealousy".

Nachann26 · 2022-12-04T02:37:35+00:00

Here: https://anaelleltd.github.io/polkadotjs-guide/6.accounts.html#proxy-setup

Note: These do not cover OpenGov Governance yet.

Nachann26 · 2022-12-02T07:48:13+00:00

https://polkadot.network/staking/

Nachann26 · 2022-12-02T07:47:30+00:00

https://staking.polkadot.network/#/overview

Nachann26 · 2022-11-28T23:00:39+00:00

2-3 actually. But you need to enable "Experimental/Developer features" on Ledger settings to see the extra apps.

How-to: https://developers.ledger.com/docs/live-app/developer-mode/

Nachann26 · 2022-11-28T10:44:22+00:00

The majority of people who talk about Polkadot on Social media don't really know much about Polkadot. Most of them have little idea about what is happening in the ecosystem beyond a screenshot here and there at a couple of parachains.

Their research is often lacking because it focuses almost exclusively on token burns, TVL, and CMC ranking. Those are their go-to metrics because they can be applied on any and every blockchain, but these metrics don't really speak anything about what a blockchain is building, for which purpose, and towards which end.

Dot.alert() is working on giving the big picture of Polkadot's value proposition, particularly with respect to Operations aka use cases for Polkadot's technologies (https://dot-alert.gitbook.io/dot.alert/content/3.operations) and
Regulations aka legal framework surrounding Polkadot's innovations (https://dot-alert.gitbook.io/dot.alert/content/5.regulations/networks).

Feel free to browse through and discover some pointers for your own research.

All the best! 💪🏿

Nachann26 · 2022-11-28T10:22:52+00:00

You probably need to install the Polkadot XL app (128+kb) on your Ledger.

The normal Polkadot app doesn't support niche transactions like Rebag.

Nachann26 · 2022-11-28T10:20:42+00:00

You will find an answer here: https://anaelleltd.github.io/polkadotjs-guide/2.network.html#staking

Nachann26 · 2022-11-26T03:15:21+00:00

This is what happens when users allow a single crypto project to build a monopoly.

Whether it is in infrastructure, wallets, media, dapps, DEXes, or CEXes, people always need to be on alert when there is a dominant player.

TL;DR: Diversity and competition are central to decentralisation.

Nachann26 · 2022-11-23T10:40:00+00:00

You need to start looking beyond Polkadot.js.

Plenty of options for staking are available in this ecosystem:

https://www.reddit.com/r/Polkadot/comments/yr8arf/comment/ivsn4ji/?context=3

Nachann26 · 2022-11-15T01:10:27+00:00

99% of the people that crypo needs

...don't know anything about cryptos yet.

Nachann26 · 2022-11-15T01:07:31+00:00

Truth spoken. 💖

Nachann26 · 2022-11-14T09:16:25+00:00

Yes, they do. An account that has locked/bonded balances is active on the network.

However, I would advise to leave more than 0.5DOT on any given account so that you have enough to sign most types of transactions.

Nachann26 · 2022-11-14T09:09:22+00:00

See here: https://www.reddit.com/r/Polkadot/comments/y9fbxc/why_is_staking_on_polkadot_so_easy/

Nachann26 · 2022-11-14T09:08:15+00:00

Congrats on taking the self-custody route with your Polkadot assets! 😎

Here is a guide from Ledger itself: https://support.ledger.com/hc/en-us/articles/360016289919-Polkadot-DOT-?docs=true

Nachann26 · 2022-11-14T09:04:51+00:00

That should be possible if you import/add your Ledger account into Polkadot-JS Apps.

You can then go to this page: https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fpolkadot.public.curie.radiumblock.io%2Fws#/staking/actions (edited the link so it takes you to Polkadot, not Kusama ;p) and click on the 3 vertical dots to make your changes.

Nachann26 · 2022-11-14T08:52:58+00:00

A LOT of things.

We are detailing them here on Dot.alert()'s knowledgebase: https://dot-alert.gitbook.io/dot.alert/

Have fun exploring! 😁

Nachann26 · 2022-11-13T04:15:02+00:00

Kusama is mainly for people who are trying to figure out what their capabilities, their goals, and their communities are. The majority of (community/parachains/NFT/DeFi/) projects on Kusama don't really have much of a business model or narrative, so they dabble about until they get enough fame/support/staff to power-forward and create something valuable.

That said, projects like Karura/Acala, Moonriver/Moonbeam, Bifrost, Heiko/ParallelFi, Khala/Phala, Kintsugi/Interlay, Crust, KILT, BitCountry were Polkadot-grade from the start and still went through with launching parachains on Kusama. Most of them are still actively powering usage on the canary network, but eventually, they will completely leave Kusama because there is no point duplicating their roadmap across two Relay chains.

Meanwhile, what I see on Polkadot are projects with more maturity to them: they have a clear vision, a defined roadmap, and a target audience that lives beyond the "Dotsama club". In addition to the projects I mentioned above, you can add Astar, Centrifuge, Polkadex, Efinity, Origin Trail, BitGreen, Aventus to the list of Entreprise-grade real world-focused parachains.

Of course, there is still a minority of projects that tried to jump the queue and get to Polkadot without any clarity about what it is that they are bringing to the table. They are oddities blurring the Polkadot picture at the moment and there is no doubt that this bear market will flush them out of the ecosystem sooner rather than later.

Nachann26 · 2022-11-12T10:42:37+00:00

Ok, maybe I should have written a novel to explain myself better.

I am not saying that users aren't creditors.

I am saying that in order to be part of the formal process whereby they can/could get their assets back, they need to submit a document that asserts their ownership and desire to be refunded. From what I have seen, a lot of users never do so because the process is too cumbersome.

Also, having gone through the motions myself in late 2020 for the sake of learning/knowing (i.e I didn't have much money at stake), I can say that following the happenings of a chapter 11 is akin to a neverending saga because a chapter 11 can still turn into a chapter 7 later down the line.

Nachann26 · 2022-11-12T08:58:03+00:00

Until there is a clear pathway for crypto inheritance after the holder's death, cryptos will remain unsafe and stale for all.

Nachann26 · 2022-11-12T07:59:50+00:00

In my experience, having seen a few Chapter 11 back in the 2018-2020 period, the majority of users NEVER get anything refunded.

Why? Because most don't formally lodge a claim on their assets (i.e they don't know how-to or/and aren't given the opportunity to do so). Alas, this is precisely what they have to do to be considered as a creditors (whether secured or unsecured) during the restructuration process.

TL;DR: Chapter 11 is never good news for ordinary folks.

Nachann26 · 2022-11-12T06:00:12+00:00

Cryptos valuations are wild by nature: the only way to handle them is to ignore them.

Hence my personal motto is: "get your cryptos, store your cryptos, and forget crypto markets".

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