In order to try to better align our decentralized community, we should try to come up with answers to some of these basic questions:
- What are we?
- What is our product?
- Where are we heading?
- Where do we want to allocate funds?
Here is how I would answer those questions. I encourage everyone to see if they resonate with my thoughts, and to write down answers of their own and share them.
What are we?
We are a scaling solution for Web3 applications that does not compromise on Web3 values.
We are a community, the largest decentralized organization, trying to integrate our platform to the world.
To go deeper, check out the Polkadot Playbook.
What is our product?
Polkadot’s product is secure, flexible, cheap blockspace and the community which facilitates that.
For builders, our product is directly accessible from a permissionless and open platform.
For users, our products are the guarantees that we give to applications which build on us and that those users use.
That is:
- Low (to even zero) fees
- High up-time and availability
- Global, permissionless access
- High speed, low latency / finality
- etc…
We are also a home for innovators, explorers, underdogs. Those who see problems in the world around us, and think that there are technologies which can help improve the world for everyone. Those who are uncompromising on the values of Web3, and are looking for long term results over the short term distractions.
Where are we heading?
Polkadot is ready to explore the full scope of Web3.
It does include DeFi, where we believe our platform can provide as good if not a better experience than existing DeFi platforms today…
But also much more than DeFi.
Polkadot will be:
- the backbone of new governance systems
- the medium for decentralized social networks
- the home of reliable oracles and prediction markets
- the platform for disseminating truth
- the facilitator for open source development
- and more.
No other Web3 platform today has innovated in the ways that enable these new verticals to actually take advantage of the Web3 value proposition.
Polkadot is headed to be a leader of next generation of decentralized applications.
Where do we want to allocate funds?
- Education
- Advocacy
- Common Goods
- Results
Education
The only way to combat all of the noise in a decentralized ecosystem is to disseminate truth. We must present facts and clarify what is misunderstood. We must ignore (emotionally, mentally) those who are uninterested in learning, but continue to correct the misinformation which they spread. We must create and foster new champions of knowledge, and scale by empowering others to be teachers as well.
Advocacy
We must tell the world Polkadot exists. Not just a name, or a token, or a brand, but a solution to real world problems. One part of this is realizing that not everyone values Web3, and we might be very early for many. Unfortunately this is true for the majority of first world nations. But there are many places where there are problems we can solve for them TODAY.
Common Goods
The free and open source movement often struggles to get funding. Cryptocurrency has somehow created a reverse of that problem. Nonetheless, it is key that we fund those building high quality, useful, free, and open resources to our community.
Results
Polkadot should be a place where people can find success for themselves. This attitude of a “gold rush”, like when people build a startup in Silicon Valley is good. It attracts high quality builders, high quality products, and as a result high quality users. We must show the world that Polkadot will reward impactful results. That you can still become a DOT whale even if you missed on the ICO. That Polkadot can be a place for you to fund your work, build a business, and change the world. We must reward handsomely, and let the market decide the winners. Not use our resources to keep projects/ideas on life support.
In short: pay frugally, reward handsomely.
- So what is your take on these questions?
- Where do you strongly agree?
- Where do you strongly disagree?
- What would be your answers to these questions?
- What are the action we should given these answers?