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Not too sure about Solana, but they just had a DDoS attack on the network last month. So with any new chain you have risk. All of these concepts like Proof of Stake, Proof of History, etc., are simply untested experiments. Proof of Work is tried and tested. Bitcoin has 12+ years of history and has never been hacked except for maybe 1 or 2 exploits that were fixed very early on in the project.<br />
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Right now Solana has almost double the market cap of Polkadot. Polkadot development is moving along very nice and this year could be a big year for it. A 20x return from DOT right now puts the market cap at a little over half a trillion, slightly more than eth at the moment. The team behind DOT is super low key and has good crypto-anarchist principles.<br />
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If we look at percentage of global economy, vs the crypto market, you have a lot of numbers from 40 Trillion to 400 Trillion - for illustration let's just settle around $93T number by the IMF in 2021.<br />
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With that number, the current crypto market is about 2-3% of the global economy. As nation states begin to dissolve and the value of their currencies become debased, more people will put their money into the crypto market as a safe haven. By the end of the decade we may have a case where the total crypto market cap has at least tripled.<br />
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The era of the national currency has had a good run.<br />
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The cities and countries of the future will compete with each other based on quality of life benefits, tax benefits, infrastructure, etc. They will not so much seek to collect taxes as to attract the wealthy through various incentives.<br />
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You can already see El Salvador doing this, as well as some red leaning states in the US, and a couple countries in Europe.<br />
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As always, caution is always good. I expect that there will be many wallet hacks and exploits and scams and probably substantial corrections. A solar flare for instance would temporarily wipe out the crypto market and but probably create an insane buying opportunity.
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</blockquote>20x on DOT from the current marketcap this year?? I want to have a bit of that good stuff you've been smoking too <img src="/community/imgs/emoticons/em-tongue.png" class="smilie" loading="lazy" alt=":p" title="Stick Out Tongue :p" data-shortname=":p" /><br />
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I'm bullish on Dot though.</div>
