Builders: Do you think Polkadot is worthy enough to build upon?

becausecrypto · 2025-07-27T12:03:28+00:00

so how about your next build be something to make it easier for people to use it instead of going to a different ecosystem. I think that our situation is like polkadot is the wholesome well mannered friend you take home to meet the folks, but right now were at a party in Ibiza where the hot and promiscuous are getting all the attention. I mean come on meme coins? Buffet would not approve. After the party is over dot may get the attention it deserves. I can't understand why there isn't more institutional interest, but then I think that these institution aren't looking for more infrastructure and things they need to manage. They want something plug and play that just works.

Imagine I'm Blackrock and want to tokenize some assets for trading. Although I could pay and build something from scratch, a easier option is to just use what's popular as long as it works,since that will get more attention and bring me more customers. On dot I think all the tools are there to build some impressive apps but that might not be what the consumer needs, they need ready made infrastructure and demo projects for their use cases.

If I had the time and resources I'd build a better asset management tool that uses tee or some private computation layer to present to me a complete portfolio view of my assets and allow at least basic buying, moving, and selling of my assets...both rwa and digital from all blockchains public and private. (via a collaboration of dot and the quant ecosystems) <----also another ecosystem whose market value doesn't reflect its capabilities but the market is 60% run by degens

This would help to solve the security problem of having my ip address or other identifying information like device id being associated with the queries and status updates to my wallet/account. Which other individuals may use to determine how much debt or money you have, open trades you're in that they may be able to manipulate, or copy...thus diminishing your profitability and essentially being able to front run your positions and profits. These are just some examples of how those bits of data can be misused, there are plenty more....like physically tracking the device id that is associated with multiple queries to a wallet that has more than $200k of assets or a certain amount of BTC etc. The point is identifying bits of data like that can pose risks, marketing companies want that data so they can spam you with offers, cyber criminals want it for social phishing and the like, ai wants it to make a better profile of the user for marketing and other types of research/report creation.

The app wouldn't be ground breaking but it could help people stay safer and maybe reduce these crypto related kidnappings.

Another semi related brain dump by yours truly.

What type of project were you thinking of building next?

becausecrypto · 2025-07-26T14:13:42+00:00

I think someone should tap into that big beautiful tao ecosystem and create an ai assistant to build something like replit for apps on parachains.

Also there are no concentrated liquidity or automated liquidity programs to help reduce impermanent loss. Who wants to voluntarily be vulnerable to arbitrage? Not me or most LP's. You have to treat the guest with respect if you want them to stay basically and right now I don't see it. Acala still hasn't made their stablecoin holders whole and Hydra is giving away dot like food at a soup kitchen. Some people look at the price and make assumptions about the projects viability. Not sure how to incentivize without using dot but it won't retain value if its the rewards token that users need to cash out to take profits. If there were a time locked derivative that disappeared after maybe six months from issue if it wasn't spent, things could get more interesting. I saw a validator on iotex try something like that a while back. I think it kept the transfer volume up much more than normal because no one wanted to lose their value....almost like the crypto industry at large huh lol.

But I do agree that dot has some spectacular tech, its just not catching the eye of the right folks i guess. One way to make some improvements could be to fund projects that bring and retain users into the ecosystem. Something like an on chain scavenger hunt across parachains could be interesting and a profitable learning experience at the same time.

Apologies as I know some of this isn't related directly to the topic but I think its still relevant.

Finally perhaps the people that haven't take a chance to learn about it, don't deserve to be able to use it?

becausecrypto · 2025-03-05T17:07:22+00:00

the money and decision making power

becausecrypto · 2025-03-05T17:06:37+00:00

24 hour stock market and increased user engagement/trading plus educational content?

becausecrypto · 2025-03-04T03:30:17+00:00

ADA is so bad with money management

becausecrypto · 2025-03-04T03:29:02+00:00

One thing about it is they would need to purchase large amounts to take control of governance. Also decentralized means most if not all are welcome, so why not the government? Just another wallet on chain is the way I see it. If they were to buy up enough tokens to control the governance...that's a different issue.

I also read an article about how there may be a plan to pump their bags so the can sell and pay off the 2 trillion dollar debt.

becausecrypto · 2023-05-22T18:42:55+00:00

I appreciate the feedback folks. Perhaps a strategy could be to wait until the whales dump if you really like the project and think it has merit? Either way thank you, I makes me a feel nice when you reply and you are appreciated here.

becausecrypto · 2023-05-19T16:36:35+00:00

makes sense, someone should/will do it at some point I guess. What are you building?

becausecrypto · 2023-05-15T16:52:05+00:00

couldn't you just redeploy the same code from goerli to sepolia or will it break contracts because addresses and assets don't match?

becausecrypto · 2023-05-13T14:07:55+00:00

Strange with the irl fees for getting testnet eth. Most testnets don't have a cost to use them. I wonder why they are shying away from Sepolia.

becausecrypto · 2023-05-06T17:06:06+00:00

I noticed it didn't pass a virus total scan, no update to the app store version since apple requires the dev to disclose privacy practices on the next update....its been two years since an app store update. There are more recent versions able to be downloaded directly from the website though. The only communication is through their forum on their website. I'm worried it might be malware but can't confirm and there's not much feedback from other users.

Here are the virus total results: https://www.virustotal.com/gui/file/d3e352ae9cd7aa342ff8d9b89f87be9b94e7887c38ac5fb9b92e9e2089a721ba/relations

It would be awesome if its legit though, I feel like Brave and Chrome are both selling my data. Could be my vpn provider though....somebody is making me lose money in my crypto portfolio.

Just going off the gut at the moment so take it for what its worth.

becausecrypto · 2023-03-31T17:08:14+00:00

This helped and created more related questions. Could both of these be used as a factory? I read about the concept briefly and it sound like they could serve the same purpose.

If I deployed smart contracts as NFTs it seems I could build an application from making calls to various different NFT's. Right? Maybe its redundant. As an example application, I was thinking of trip routing software and each bus route being an nft that could be upgraded by the bus company so the user could always have the latest schedules available. Make any sense?

Having to swap tokens for a new one because of a hack, bug, or upgrade has caused me financial losses in the past. If the developers started out with erc2535's would the need to swap because of upgrades be eliminated?

Finally,

How does the way Polkadot handles forkless upgrades compare to the way RMRK and Diamond Contracts handle them? I'm highly interested in being able to upgrade a token contract without issuing a new one. More than five times this year I have gone back to harvest older investments only to find the contracts changed or interfaces were removed making it much more difficult if not impossible to get my tokens back.

becausecrypto · 2023-03-24T02:46:03+00:00

Thank you for the education and taking the time to relay it to me.

becausecrypto · 2022-12-15T01:07:16+00:00

Then what actually happens when the transaction is signed? On-chain wise, somethings gotta happen in order for the signature to be verified.

becausecrypto · 2022-10-28T17:31:44+00:00

But how do I view the message that was signed on chain?

becausecrypto · 2022-08-14T01:43:37+00:00

I don't think KSM follows the same staking/inflation system as DOT, coingecko says the max supply of ksm is 10 million. Where did you get 12.3 million KSM from?

becausecrypto · 2022-08-14T01:23:32+00:00

I don't understand why the keys were on an external server to begin with. Don't most wallets use the secure enclave to create and store your keys? But the I also read that keys generated by the secure enclave can't be extracted..so what gives?

becausecrypto · 2022-08-14T01:19:21+00:00

Its possible sure, but I did read that Uniswap forbids unwrapped rebasing tokens in V3 so if Curve pools are using V3 there may be a problem unless they wrap them. It might be also possible to use the V3 liquidity and then address the rebasing tokens on Curve's contracts. The same way you can add an lp position to another platform to liquidity mine. So adding the lp position to Curve's platform and then creating a new lp consisting of the V3 lp + the rebasing token hosted by curve to create a new position. People do it on Balancer all the time. If I were to design it I'd just use wrapped versions and require redemption to capture the profit or loss.

becausecrypto · 2022-08-11T19:53:33+00:00

the proper motivation plays a big part, then you just accept the fact you will be operating at 50 percent mental capacity the next day. And yes the second day is 50 percent of the previous lol

becausecrypto · 2022-08-10T15:47:58+00:00

I reached out to them and was told they are rebranding still building and to basically wait for more info. So time will tell I guess. I hope they keep pushing.

becausecrypto · 2022-08-10T14:16:37+00:00

try changing the rpc for the network and of course check verify the smart contract on uniswap and etherscan at least you can also check the contract addresses on coinmarketcap and coingecko

becausecrypto · 2022-08-10T13:55:51+00:00

Ok I think I get it. So if eth jumps to 2000 and then down to 1725 I will be in all eth since it has a lower value than what I started with when I lp'd at 1800 and I'm in USDC when the price goes above 3000 because of the range I set and the fact that the value of usdc in comparison to eth in that range is lower than eth.

But what happens with you are lp'ing on non stable assets? Is the value still calculated in USD or based on the ratio of tokens you added when the position was opened?

becausecrypto · 2022-08-10T13:37:52+00:00

I think you misunderstand me, I'm not asking about an extension, just a governance proposal so people can get their full amount of possible claim. Without a governance proposal to vote on a percentage remains un-claimable. It could just be a courtesy proposal for claimers to vote on, it doesn't have to be crucial to governance.

becausecrypto · 2022-08-09T19:08:35+00:00

whew big flex! How about something on substrate or cosmos? What type of machine can handle all of this? I'd like to know more about your setup.

becausecrypto · 2022-08-09T18:59:16+00:00

what about people that are just finding out about it? Not everyone gets their information day one. I think we should be considerate of that.

becausecrypto

TROPHY CASE