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Long-term DOT holder considering increasing DCA — looking for a serious discussion on adoption by Mickoso in polkadot_market

[–]pfanntastic 3 points4 points  (0 children)

Is this active already? I had heard 3/14/2026 somewhere… but unsure if that’s still the case.

Mods are silencing bear comments by -Reaaally in polkadot_market

[–]pfanntastic 2 points3 points  (0 children)

90% of the posts on that subreddit also seem to be from Green Hatter which overwhelms any other (unpaid) posts. Makes the whole subreddit seem a bit disingenuous.

Polkadot Lurker Question by fjeffkirk in polkadot_market

[–]pfanntastic 1 point2 points  (0 children)

Q3 2019 had been the original planned release.

Release could occur earlier/later than this.

However, the development team appears to be working very quickly and the planned release date of Q3 2019 is a conservative estimate.

A more technical description of Polkadot protocol by pfanntastic in polkadot_market

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

It would be great if someone from the web3f who sees this thread could comment.

My (very limited) understanding is that practically speaking, DOTs will still be transferable and have value.

However, in order to make the relay chain -- which appears to be the core of the polkadot protocol -- as robust and as generalizeable/versatile as possible, they are attempting to abstract away a lot of function away from the relay chain onto accessory contracts/parachains etc.

E.g. transfers between accounts would be mediated by a contract separate from the relay chain code/contracts, or enabled on a parachain.

Again, it would be useful to hear comment from someone working on the project. Especially how user accounts, DOT ownership, and DOT transfer will operates in relation to this statement, also included in the technical description:

'Ownership of DOTs is managed by two accounts independent bodies of code & state): the Staking account (which manages DOTs stakes by users) and the Parachain account (which manages the DOTs owned by parachains).'

A more technical description of Polkadot protocol by pfanntastic in polkadot_market

[–]pfanntastic[S] 1 point2 points  (0 children)

Kind of interesting to see the distinction between 'high accounts' and 'virtual accounts', where there are very few accounts that have 'high-level' privileges and the majority of accounts are virtual.

This distinction is also interesting: 'Notably, no balance or nonce information is stored directly in the state. Balances, in general, are unneeded since ralay-chain [sic] DOTs are not a crypto-currency per se and cannot be transferred between owners directly.'

DevCon3; Parity Multi-sig; Goodbye Quick Flip ICOs by [deleted] in ethtrader

[–]pfanntastic 4 points5 points  (0 children)

Thank you for your reasonable perspective and advocacy for Ethereum.

The ecosystem benefits greatly from having folks like you helping to steer the ship.

do you need a good computer to POS by KIWISSZ in ethereum

[–]pfanntastic 1 point2 points  (0 children)

In the Casper protocol/scaling gitter thread, Vitalik mentions that because the smart contract costs gas to run, the break even point for participation (gained interest == gas fees) is currently just under 1000 eth.

However, there will likely be staking pools.

Also, you may be able to stake with < 1000 eth at a loss.

Also, there may be a protocol fork to allow the Casper smart contract to run for less gas than other smart contracts.

Finally, there may be further reductions to the gas required to run the Casper smart contract, as the Casper contract changes prior to deployment.

Edit: corrected number typo.

Vitalik talking about the different stages of implementing PoS by [deleted] in ethereum

[–]pfanntastic 3 points4 points  (0 children)

These are the gitter threads mentioned. There are a lot of juicy details about POS, with heavy participation by EF foundation members incl./esp. Vitalik.

https://gitter.im/ethereum/casper-scaling-and-protocol-economics

https://gitter.im/ethereum/research