seen in today's @coingecko newsletter: apparently polkadot (i guess it considers itself a DAO?) spends >$100m/year, largely on "outreach" (marketing), "development" (protocol level) and "economy" (LPing in ecosystemd defi) 👀

The world's largest independent crypto data aggregator - coingecko.com

building /quidli 🦑, casting in /justinahn, daoing in /🍊 & /🟪

They would've had double that if they didnt get locked out of their eth multisig. Still not great but 😶

Jamie • /devrel @ /reservoir • /bicycling • /chicago • /djs • home @ /chicagolife

iirc they had a "parachain" model where you had to be approved by the team to build on their chain. Not very permissionless. 

I've met more VCs promoting polkadot than actual teams

You think that's the primary reason they haven't been adopted? 
I heard about them when I got into crypto and they got a big booth at ethdenver  but like 🤷‍♀️