Gavin Wood (@gavofyork) on X (original) (raw)

Founded Polkadot, Kusama, Ethereum, Parity, Web3 Foundation. Building Polkadot. All things Web 3.0

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  Kudos to
  @facebook
  for giving us a very real demonstration of why the move to a decentralised Web 3 is necessary and, indeed, inevitable.
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  I’m sick of hearing crypto confused with a heavily-marketed centralised, mismanaged exchange. FTX’s failure is far from a harbinger of crypto. Quite the opposite: it’s a concrete demonstration of the need for more, better decentralised, trust-free technology.
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  Events of today in crypto just go to show that genuine decentralisation and well-designed security make a far more valuable proposition than some big tps numbers coming from an exclusive and closed set of servers. If you can't run a full-node yourself then it's just another bank.
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  Replying to @Ukraine
  If you post a DOT address I'll personally contribute $5m.
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  The
  @Polkadot
  treasury currently has 18,936,300 DOT (DOT, not USD - do the math) in it ready to spend on *your* ideas for building, improving, educating and indeed, anything else that the Polkadot governance believes valuable.
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  Whereas other chains take months or even years to deploy an upgrade,
  @Polkadot
  and
  @kusamanetwork
  created, voted and deployed new logic on to the chain within 8 hours. All going through a secure, stakeholder-governed decentralized process.
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  First parachain deployed on the Westend perma-testnet. Next stop is the canary net,
  @kusamanetwork
  and then
  @Polkadot
  .
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  The
  @Polkadot
  codebase is officially 4 years old today!
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  CZ on SBF:“No one can protect [from] a bad player, to be very frank, if a guy is very good at lying, and very good at just pretending to be what he’s not.” Not been paying attention? Protection comes thru decentralisation. That’s the point of web3 and trustless tech.
  @cz_binance
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  First successful inter-chain asset transfer on
  @polkadot
  using the new XCM format/standard/protocol. Left is one parachain, right two windows are the other (index 300).
  @kusamanetwork$DOT$KSM
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  New ecosystem developer analysis by
  @ElectricCapital
  shows
  @Polkadot
  literally in a class of its own with clearly the stongest developer growth since launch of any Web3 protocol and by far the biggest dev community outside of Ethereum. medium.com/electric-capit…
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  My usual annual writeup - just in time...
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  Moonriver one of several chains helping
  @Polkadot
  and
  @kusamanetwork
  demonstrate the power of an L0 multi-chain meta-protocol.