I’m the first one to criticize DOT constructively about its tokenomics and inflation, but it’s clear you have no idea what you’re talking about here. Saying that the ecosystem doesn’t have much more to offer when smart contracts for AssetHub are just 1–2 months away simply shows a lack of technical understanding. Smart contracts are exactly what made Ethereum so successful, allowing the creation of decentralized applications without too much complexity thanks to Solidity.
Polkadot was initially designed to support blockchains built on top of it, but honestly, I never really understood why Gavin didn’t implement smart contracts from the start — though it doesn’t matter anymore because it’s finally happening.
On the other hand, there’s now a complete restructuring of how Polkadot supports blockchains and how core leasing works. Now it actually makes sense, unlike before when it was limited to 100 parachains, restricting network growth, and the crowdloans that locked DOT while projects often failed to meet their goals.
Just because the price isn’t going up doesn’t mean the technology is bad — that’s why I made this thread, to focus on improving the economic aspect alongside great technology.
If you think DOT is dead or technologically useless, it’s obvious you’ve never paid $100 for a single transaction on Ethereum.
I’ll agree with you that delays on DOT are frustrating, but from what I’ve heard, Parity is making several changes to the application — plus, I imagine they needed AssetHub to launch first.
As for attracting talent, I don’t think that’s the issue. I just think Polkadot is sometimes too complex, which makes people lose interest. But according to what Gavin Wood has said recently, he’s finally understood Steve Jobs’ vision — that products need to be built for the user — and that’s exactly his mission right now.