This text was inspired by this tweet and the subsequent discussions.https://x.com/alice_und_bob/status/1950474219059323049
The problem is - SELLING POWER is bigger than BUYING POWER ! And That’s all , That’s all!
Metrics, beautiful use cases, Nakamoto coefficient — none of these influence the price directly!
Be honest with yourself: if we want Polkadot to be successful this cycle, big token holders, the biggest beneficiaries, need to take action.
Holders more than 10M $DOT should work on INCREASING BUYING POWER, yes WORK!
And its big holders JOB to work on forming GLOBAL BUYING POWER!
HOW?
- Vote to Reduce spendings SIGNIFICANTLY before the DOT hits 25$
- Vote to significantly reduce INFLATION. Focus on REVENUE. Revenue must become the new inflation. All spending and rewards should come from revenue.
- Think about the interests of DOT holders when making decisions about JAM and new updates. Consider not only new technology, but also technology that improves the current model and increases the value of DOT.
- Reduce the number of exchange-owned VALIDATORS and multi-VALIDATORS in the active set and make space for smaller, independent ones that contribute to the community. Having 10–20–30 validators from one entity is not normal.
- Force Big Exchanges like Binance Kraken Coinbase Gate and many others have Polkadot VALIDATORS to provide something in exchange to dozens of validators they have, not only dump DOT on retail. Campaigns, promo, implementation of tech, wen?
- MAKE A DEALS with big financial players - SELL THEM $DOT to form ETF Funds , Public companies DOT Treasuries, and other financial stuff ALL TOP30 projects ALREADY DO this cycle!
- The Polkadot problem is TOP HOLDERS too arrogance and conceit that it could lead to a bad ending.
Polkadot - Stay humble, stay hungry and work flexible and hard in the industry.