RT The Dots 🐂⭕️ (@TheDotsTalks)Bill Laboon on The Dots show!Welcome our fantastic guest, who just stepped into his new role as VP of the Web3 FoundationWe discussed Polkadot’s short- and long-term vision, current pain points, bullish highlights, and much more. An awesome conversation with a true Polkadot legend @BillLaboonTimecodes:00:22 Life as W3F VP01:25 Feedback from builders & devs04:00 Bill’s North Star: short & long-term goals08:55 Proof-of-Personhood: Bill’s take on Gavin’s big idea12:42 Why we have ...

Polkadot Strategy Shift - Polkadot is shifting its focus from scaling to reshaping security, identity, and capital efficiency for Web3 needs [1] - The network aims to create a lean, resilient system ready for future Web3 demands [1] Security & Validation - Polkadot plans to reduce its annual security spend from $500 million to $90 million [1] - Polkadot is transitioning towards a Proof-of-Personhood (PoP) + Individuality model, moving away from NPoS [2] - Validators will face higher standards, including KYC and interviews, with fixed fiat rewards around $5,000 per month [3] - Bad validators and their voters can be slashed, with strong anti-sybil protections [3] Technology & Development - "Web3 Outposts" are being developed in Lisbon, Berlin, and Malta to bridge blockchain and real-world collaboration [3] - A native stablecoin is proposed, aiming for capital efficiency, decentralization, scalability, and inclusivity [3] - zkJAM framework is being built using STARKs, starting with storage proofs [3] - JAM specs are documented in a Gray Paper, with governance moving to an editorial board [5]