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Paradox | ParaNodes.io Profile
Paradox | ParaNodes.io

@ParaNodes

Followers
3K
Following
3K
Media
335
Statuses
4K

One of the last Kusama Council Members, Senior Polkadot Ambassador, Validator Operator and overall tech enthusiast.

United Kingdom - Scotland
Joined May 2021
Don't wanna be here? Send us removal request.
@ParaNodes
Paradox | ParaNodes.io
3 months
Are there any reports of blockchain networks being adversly affected by the outage?
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@BillLaboon
Bill Laboon | Web3 Foundation
3 months
Please note, W3F is currently increasing Polkadot DV voting power from 2 million to 3 million DOT. You may see some weirdness in voting totals until this is complete in a few hours (since we have to undelegate first, then redelegate with the larger amount).
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medium.com
Web3 Foundation is making a measured update to our Decentralized Voices program. Each DV DAO will now carry 3,000,000 DOT in voting power…
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@OliverTaleYazdi
OliverTY
3 months
All Kusama System Chains have been upgraded to runtime 1.9.1. The Asset Hub Migration is scheduled for tomorrow noon at block 30,423,691 and should finish within 6 hrs.
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@Cointelegraph
Cointelegraph
4 months
🚨 NEW: The Polkadot DAO has passed Referendum 1710, a proposal to cap $DOT supply at 2.1 billion tokens with 81% support. This replaces the current uncapped model of 120M $DOT minted yearly and reduces emissions by stepping down new $DOT issuance every 2 years.
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@rossbulat
Ross
4 months
⚠️With 1 day to go, Polkadot Staking Dashboard is failing its funding round on OpenGov. Should it fail, this would highlight a huge failing of the OpenGov system, and further highlight its problems of low voter turnout and certain large token holders voting on their own agendas.
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@ParaNodes
Paradox | ParaNodes.io
5 months
The DV cohort has shifted hands and things have gone from maybe.. to definitely not. It would be interesting to see how things playout with this cohort given ChaosDao's 13.8 mDOT vote vs DV DAOs 14m DOT ( 7 DVs x 2 mDOT delegations). https://t.co/2vlgM1MToE
@ParaNodes
Paradox | ParaNodes.io
5 months
With only five days left, the moderation team needs your support to close a < 1 million DOT vote gap. The team is responsible for moderating activities on Polkadot's official Discord, Element, Reddit and Telegram channels/servers.
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@ParaNodes
Paradox | ParaNodes.io
5 months
The team comprises of (now) nine individuals and the budgeted request is <170k USD for service of one year. This moderation team bounty is one of the ecosystem's longest active bounties. However, the team's voluntary contributions existed years prior.
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@ParaNodes
Paradox | ParaNodes.io
5 months
With only five days left, the moderation team needs your support to close a < 1 million DOT vote gap. The team is responsible for moderating activities on Polkadot's official Discord, Element, Reddit and Telegram channels/servers.
@CryptoCappex
ᑕᗩ₱₱ΞX
5 months
UPDATE: The moderation bounty seems to be getting the recognition it deserves even if despite the new AYE votes it is currently still the NAY that wins with 51.1%. 🧐 Polkadot seems rather undecided, I hope the new DV cohort cares about protecting the community!
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@ParaNodes
Paradox | ParaNodes.io
7 months
If you're a whale and you'll like to give to see something like this pass reach out to me via DM or just delegate to HqRcfhH8VXMhuCk5JXe28WMgDDuW9MVDVNofe1nnTcefVZn
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@ParaNodes
Paradox | ParaNodes.io
7 months
Resubmission in mind, it is unlikely that we'll see balanced voting on the topic. For this referendum they've used 2x conviction but they may likely use 4 or 6x with resubmissions which is near the total votes of all participants.
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@ParaNodes
Paradox | ParaNodes.io
7 months
Unfortunately it is a Nay for innovation. The referendum was knocked out of confirmation by a 47,500 KSM whale. Interestingly enough this whale account usually delegates to ChaosDAO. This is one of those "fly on the wall moments"; I would love to know what "really happened".
@ParaNodes
Paradox | ParaNodes.io
7 months
There's only 20 hours left to lend your support to a novel approach with curtailing Kusama's inflation without reducing issuance. https://t.co/bYCA4JZn3y It suggests that we introduce a variable to allow us (by way of future referendum) to lock some staking rewards. CC:
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@ParaNodes
Paradox | ParaNodes.io
7 months
There's only 20 hours left to lend your support to a novel approach with curtailing Kusama's inflation without reducing issuance. https://t.co/bYCA4JZn3y It suggests that we introduce a variable to allow us (by way of future referendum) to lock some staking rewards. CC:
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kusama.subsquare.io
Dear community, There were discussions about reducing Kusam...
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@ParaNodes
Paradox | ParaNodes.io
7 months
This is imo an experiment well themed for rollout on Kusama. It is a radical idea that may or may not work. If you would like to help, please vote aye on the referendum or delegate your vote to HqRcfhH8VXMhuCk5JXe28WMgDDuW9MVDVNofe1nnTcefVZn
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@ParaNodes
Paradox | ParaNodes.io
7 months
If this is passed, I plan to open other Wish for Change referenda to further define the use and conditions of these locked tokens as well as other options to lock tokens with shared benefit. As most would know, my ideas are many but my free time is few. We'll get there.
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@ParaNodes
Paradox | ParaNodes.io
7 months
It is important that the locked tokens still have some value other than staking and governance. We can, at a later date, discuss the conditions and methods of unlocking such tokens. All in theme of reducing supply shock.
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@ParaNodes
Paradox | ParaNodes.io
7 months
With functionality to lock some staking rewards we can maintain inflation rates, or dare I say increase it while also reducing transferable supply. Those holdings locked tokens have immediate utlity as they can reuse them for staking or governance.
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@ParaNodes
Paradox | ParaNodes.io
7 months
It is my opinion that lowering inflation on Kusama (as it was done on Polkadot) would have negative consequences to validators and nominators. Validators have the option to increase commissions to meet operational needs but in doing so they further reduce nominator rewards.
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@ParaNodes
Paradox | ParaNodes.io
7 months
I've opened a referendum on the Kusama's Wish for Change track which offers a different pathway surrounding discussions on Kusama's inflation. Instead of focusing on reducing inflation, I would like to focus on reducing transferable supply. https://t.co/bYCA4JZn3y
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kusama.subsquare.io
Dear community, There were discussions about reducing Kusam...
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@ParaNodes
Paradox | ParaNodes.io
8 months
And the release is out. Go for it!
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