👀 Why I personally think Polkadot $DOT might NOT be a good long term return investment 🐳
Before you get triggered, this is NOT hate. It's a critical view most people don't talk about enough.
And if you’re holding DOT… you should probably understand this.
Most investors like to believe crypto has fixed supply = value goes up over time. But DOT is different. According to the latest upgrade of DOT blockchain, now it has hard-capped max supply like Bitcoin $BTC , 2,100,000,000 DOT.
Now here's the uncomfortable part, it can be adjusted through governance votes. So in theory, the "supply narrative" can change at any time depending on what the network decides. That means, your "scarcity assumption" can be rewritten by governance any time. Sounds crazy right? Yes it is.
Look at MultiversX $EGLD , just another example of max supply changed through the votes, very the awful move.
This is why modern blockchain that support upgradable and without hardfork needed there all have the same infinite supply issue. No matter how the project yellow, white or gray paper that telling you they have max supply capped are also not fully trustable because it can be change any time.
So I just want to remind all of you who are planning to invest in forkless upgrade blockchains, or any on-chain upgradable blockchain whatever it is please invest very the carefully.
Good luck, and I wish you all the best in your crypto investments. Have fun and do not forget to take some gains! 😉
Ops, one more thing need to be mentioned. Polkadot Treasury is 'hijacked' by some group of grifters, years ago they requested huge amount of DOT from the treasury and now they have huge amount of DOT enough to control the votes on the blockchain, I wonder when DOT price goes up like $20 per coin, will they try to change the max supply or not, whose know... anyway that's all for today.
🚀 😎 🤟 ~
