Polkadot Redomination

This is so absurd to me and no one seems to be talking about it. Yes I'm an idiot and yes I'm a relatively newfag. Polkadot just came from nowhere and no one's explaining why. The only explanation is because of the "redomination" and that they basically multiplied everyone's holdings by 100. So I'm supposed to believe that literally everyone did a 100x and none of them bothered to sell any of it? They basically printed money all the way to 5th market cap. Can someone explain this?

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They divided the price by 100, so when Polkadot was 200 and was redistributed, to $2, everyone got 100 per.

Not even a newfag issue, more like you don’t know math issue.

Market cap is not how much money is in the project it's the valuation that people are buying it at. It's just an over-hyped piece of shit. People believe the company/project is valued at 4.6 billion. You actually think market cap is how much money is in the coin/stock..?

Whether it’s a legit climb to the top 5 or not is kind of irrelevant. The upside is limited. If you want an interoperability play that can scale and has real life use by Oracle and SIA (580+ banks), with a market cap of under $100mm, you buy Quant. the upside is off the scale. There is no way Polkadot can compete - not on utility or price.

Polkadot didn't come from nowhere. It has been one of the most anticipated projects for years.
Even at it's ICO three years ago it was funded for around $400 000 000 IIRC, so it has barely gained 10x since the launch, that's peanuts compared to many other comparable projects.

Holy fuck, i didn’t know there were people this uninformed on dot or just the market in general.

Definitely don’t deserve to make it.

Then why did that cause the project to go from not even being in the top 100 to 5th? Why has every explanation I've been seeing say that this is the reason we've seen Polkadot rise up?

>People believe the company/project is valued at 4.6 billion.
Had almost nothing to do with what I had asked

It didn't. The redenomination doesn't matter.

And also, like I said it was always in the top 100 for years, but of course it isn't shown in the lists before the coin is actually tradeable.

I doesn't mean anything. Everybody can create a project that rockets to top 5 in a matter of 1 week if they want to

Polkadot can’t scale. Prove me wrong. You can’t. Quant has been proven to scale, it’s clearly superior to Polkadot yet 1/50th the price. I know where I will be putting my money and it’s not into an app which is an incremental improvement on Ethereum with a $5 billion valuation kek.

Thanks.

Investor money, price nearly trippling after redenomination, Kusama.

Also I obviously know nothing about the project but the copy and paste FUD in this thread is making me bullish.

lolwut? Can quant shard?

fuck off to your own thread, shill

I feel like you’re in every dot threading shilling quant.
Stop fudding the next hypergiant of crypto and wait your turn.

Polkadot was talked heavily here since 2018, it isn’t some sleeper project. It’s made by ethereum founder himself. That’s why it shot straight to top 10 upon migration.
The time to invest was in 2018, at OTC sale 1. It has probably a 10x upside from here max, which is meh.

lol you'll see my dude. It's just chains in parallel held together by a beacon chain. That's all it is. But it really fucking scales. Can quant do that?

This thread is about the absurdity of Polkadot being valued at $5billion. Clearly when a superior interoperability platform is valued at 2% it’s worthy of discussion. Most anons are here to make money, so the sensible trade is to place your money on Quant.

DOT is just ETH with ProofOfStake and sidechains.
Sidechains are layer2.
>OVERPRICED AND OVERHYPED GARBAGE

please just fuck off to your own thread, shill, you are not fooling anyone.

Quant is not a blockchain
of course it can scale

they aren't sidechains like we think of, they truly are interconnected without need for bridges and that's why the coin is priced the way it is
This is such a bitch attitude for someone investing in fucking INTEROPERABILITY to have. There's not going to be just one solution, theres going to be a ton connected together. The more usage in the entire space, the better. Quant is enterprise focused, centralized as shit and not its own smart contract platform or consensus protocol. Polkadot has tons of legit projects building on it, it's solved many of the issues ETH and Vitalik are still stumped by. Can Quant and DOT co-exist? Fuck yeah.

I'm personally splitting ETH 50%, DOT and ADA 25%. Hopefully one of them will become the dominant 3rd gen chain.

> bitch attitude
> Quant is shit

You sound scared, fren. Where in this thread have I said Quant won’t interoperate with Polkadot? It will, and it will take the lion’s share of the market. As prices revert to the mean, Polkadot goes down, Quant goes up. Why is this so difficult to grasp?

Dot will be side by side with Eth. It’s been anticipated for a while.

Good marketing, founded by ETH founder, good branding, cheap price for normies to buy in, big promises, massive ICO, has been a top coin for a long time but was unlisted. Kusama looks dope

>not its own smart contract platform or consensus protocol
This is exactly why Quant is superior user.

Quant can't even get a listing. They've been working on that problem for over 2 years now.

Polkadot will have solved infinite scaling and deployed parachains on Mars before Quant gets a proper listing or launches a working product, at this pace.

Problem with QUANT for me that the founder is not authist.

Only invest in authist founders.

Vitalik, Andre, Gavin

Quant is deep state backed?

There have been many opportunities for you to learn about polkadot, it is a very strong contender for actually beating ETH as the platform of choice considering ETH 2.0 isn't real and gas prices are skyrocketing already imagine the space grows by 100x in users trying to use DeFi apps, we'd be fucked.

Can you stake Polka?