PolkaDoT ... it is what it is !!

$DOT
Aye what's up y'all crypto fam? Your guy Cizzar here to drop some hot takes on everyone's favorite blockchain of blockchain's - PolkaDot! 🔥🔥

So let me get this straight... we got this crypto called DOT that wants to connect all the blockchains in existence into one giant interwoven matrix? Like a dot connecting a bunch of other dots or chains or whatever? 🧩

I can dig the idea - having all these random blockchain projects like PolkaPets and PolkaZombies and DogeElon Mars Missions able to seamlessly vibe and integrate with each other on PolkaDot. That's dope right?

Except...who's really using any of those random Polka side chains for anything? Half of them are just cash grab experiments by overhyped devs trying toPolkaDot their way to millions from the next hot token sale! 🤑

Don't get me wrong, PolkaDot's tech is wild. This multi-chain, sharded, nominated proof-of-stake, parachain/parathread madness gives me a migraine just thinking about it. But that's also the problem - it's so complicated that my grandma would need a PhD just to stake her DOT tokens! 😂

At the end of the day though, I gotta respect the hustle of the PolkaDot team. They've created essentially an overly complex Franken-blockchain to squeeze every last drop of buzz from the crypto hype cycle. It's almost artistic in how shamelessly it panders to the degen mob.

Like yeah man, PolkaDot might be just smoke and mirrors, shilled to death on Crypto Twitter. Or...it might actually become the connective tissue enabling the decentralized utopia we were all promised! Hey, at least it makes crypto interesting to follow.

Who knows, maybe I'll PolkaDot myself one of these days and stake my 0.000001 DOT for fractions of a penny per year. Or maybe I'll just polkadance my way to bankruptcy like all good crypto degens! WAGMI fam! 🔥🚀

#Write2Earn
#KYC_Know_your_Crypto

#KYCSuccess

A few things about KYC🔻

The word KYC may be more commonly used in exchange platforms. Before that, there is actually a basic understanding that I want to tell you in advance: a platform with KYC does not necessarily mean absolute security or compliance. It just means that if the platform wants to be compliant, it must do KYC
At the same time, it does not mean that a platform without KYC will not work. At present, for the mainland user market, some small platforms will choose to bypass the KYC procedure to let you use their products
My core purpose is to express: I think Web3 as a whole is quite "black box". Whether the platform explodes or not, whether it runs or not, has nothing to do with whether you have completed KYC. Whether you have done KYC or not will not reduce the difficulty of your rights protection after the platform explodes

📍Let's talk about KYC itself. KYC (Know Your Customer), Chinese translation: Know Your Customer, is mainly used to prevent money laundering, stealing identity information for financial fraud and other crimes. The elements required for general verification are: name + ID card + liveness authentication, and sometimes external verification is added, such as email, mobile phone number, etc.

The exchange can grasp the real identity of the user through KYC. If there are risks or other problems in the transaction, the victim can find the user in the area through legal means, which is conducive to combating crime and protecting the safety of user assets.

But the devil is always stronger than the saint. In fact, anti-KYC means have been emerging one after another. With the development of AI, the live verification barrier has become easier to break through (recently, there have been market news that the KYC information of mainstream exchanges has been frequently exploited)
So the platform's corresponding [anti-anti-KYC] mechanism may also become severe, which is actually an inconvenience for ordinary users.

#KYC_Know_your_Crypto #KYCVerification