Banfield delivers a scathing but well-reasoned autopsy of Polygon’s rebranding, exposing it as a desperate cosmetic fix for stagnant technology. This review serves as a necessary reality check against the industry's tendency to prioritize marketing over actual utility.
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Polygon POL ex-MATIC Crypto Review: New Name, Same Trash FireAdded:
You're about to experience an epic roast of the Polygon x Matic token right here with me, Jerry Banfield. I'm on your side. I've reviewed thousands of altcoins and I care about you as an investor and I can't stand watching you all lose money, which is why you can't handle the truth. I will try and make this as funny as I can so it's not miserably boring like most crypto videos. So, first, Polygon, if you remember back when it was Matic, it was hugely hyped. Just an Ethereum layer two scaling solution. We got big partnerships like with Starbucks and it was everywhere and the price was like two plus dollars. This thing has fallen like a rock. The Polygon rebrand from Matic to poll has been an absolute bust.
The price since this happened is down 84%.
Absolutely has tanked, went nowhere.
Like almost all the partnerships and everything have dried up. The market cap's down. It's still not far enough down. But, everybody who wasn't paying attention on the Matic token and didn't migrate and get their poll has potentially lost their money. The token The supply was capped before. And then they just changed it. And they're like, "Fuck it. We're just going to start taking inflating coins however we feel like." Plus, these days, isn't it a Ethereum scaling solution? Do we give a [ __ ] about that anymore? Let's look at their website. The And the website looks nice enough. Like they actually invested some money in this website, but it's [ __ ] 2.4 trillion-dollar transfer volume. What did you do? SEND THAT [ __ ] BACK and forth to yourself? You took a dollar. Or maybe not cuz there's hardly any transactions. Look at the explorer.
Polygon POS chain, you know what it stands for? Oh, it's too easy. Piece of [ __ ] chain. This is utterly [ __ ] useless. Look at There's often Look at these the transactions. You have these blocks. You're lucky to have, you know, a hand a few hundred if that transactions a second. ICP is doing like 40 plus 50 plus times as many transactions. It does way more computation. The Ethereum scaling is vastly superior on ICP. This [ __ ] sucks by comparison and there's a whole bunch of other chains that do the same basic [ __ ] that Polygon does at this point. Base, Arbitrum, just gobbling up market share from this dying coin that I don't see why anybody wants to support it. But you look at their Look at their website. You're like, "Oh, trusted by Google." I mean, who at Google trusts this? Some Gmail user? Just has A [ __ ] METAMASK WALLET? AND you're like, "Well, Google trusts this now?" I mean, I'm sure they paid somebody off or something like that. It's not financial advice. I'm just talk This is entertainment because I can't stand to take these seriously. It's not a serious investment. I mean, look at it makes it like, "Oh, we're we're some payments infrastructure. We've been around the block, YEAH, LIKE A [ __ ] WHORE."
>> [laughter] >> NOW, LET'S JUST, YOU KNOW, KEEP in mind this is just just for comedy effect here. Everyone relax.
>> [laughter] >> You know, been around the block I mean, who wrote this? We've been around the block.
That does not make me want to buy the token that you've been around the block.
>> [laughter] >> Hey, hey, hey, hey, Jerry. Picture some girl meeting me from these dating apps on my Jerry Banfield dating channel and she's like, you know, I've been around the block.
>> [laughter] >> Come on, man. So, on and off cash ramps this The problem this can't do stuff.
KYC hub? Yeah, we'll just we'll just take all the identities and [ __ ] and we'll do all that itself. Worry about your customers. I mean, the language on this page is [ __ ] For as nice as the website look, did anybody look at the [ __ ] copy on this page? Powered by poll. I mean, this is a [ __ ] sounding token symbol, poll. Poll, pal, what I mean powers polygon is it native gas and STAKING TOKEN. WHAT ELSE can can you do with this? Why would I want to stake a token where the off chain I can even see any real utility for this. But it's talking the same [ __ ] that everybody else is payments, stable coins. Will you jerk ME OFF TOO? CUZ THEN MAYBE YOU DO SOMETHING USEFUL. But I don't see anything useful here. It's the same basic [ __ ] that everything else is doing. And you look at the polygon scan there's not that many transactions. Then there's X account. [ __ ] me. Like this is so bad. 2 million followers. Tell me you bought it without telling me you bought it. I mean they all do the same [ __ ] Like it's not anything they did that like most all the other ones. 2 million followers. My posts on X WITH A BRAND NEW [ __ ] ACCOUNT GET the same reach. I mean look at this [ __ ] Every year 48 billion in loyalty rewards go unredeemed.
What a dry ass marketing. Explains how stable coins can close that gap. See what it doesn't say is why stable guns stable coins on polygon would close that gap cuz [ __ ] you can just use stable coins on any old any network really.
ICP'd be the best one to do it on and I'm clearly biased totally in favor of ICP cuz it's the only real tech in crypto and [ __ ] like this is just tricking and faking. All right? And look at this [ __ ] 6,000 reach 2 million followers. Come on man. That's that [ __ ] But look polygon's making payments even faster. Holy [ __ ] it's dropped to 1.75 SECONDS. OH OH OH [ __ ] WOW. WOW THAT'S SO AMAZING.
Great job guys. You got your blocks down to 1.75 seconds like everybody else's are too. And just just look at what ICP's doing by comparison. All right?
Look at the dashboard. Look at the dashboard. 7,000 transactions a second.
All right? [ __ ] suck it polygon.
Useless piece of [ __ ] by comparison.
>> [laughter] >> You make me laugh. I mean, this is terrible compared to to ICP, and that's why you need to compare it to ICP because you you you don't know any different otherwise. ICP a lot I mean, ICP's doing 107 blocks a second, [ __ ] YOU AIN'T DOING [ __ ] ON POLYGON.
ALL RIGHT, this is useless. And you don't even have a YouTube channel linked. Oh, damn, there's a new Mortal Kombat movie out? All right, [ __ ] Side note.
>> [laughter] >> I just got the Mortal Kombat Legacy Collection. If you want some Jerry Banfield gaming, I might give that a try on there. Back Oh, all right, all right, back to the crypto roast. [ __ ] So, 1.75 second blocks. Congratulations. ICP's doing 100 blocks a second. Polygon's now pushing 3,200. Where exactly are you pushing that?
What it says cuz on here it says 71.9, which if we round to 72, and if we truncate is 71. You ain't pushing 3,200 [ __ ] ON HERE. This is what you're actually doing. This is how [ __ ] fraudulent crypto marketing is generally. And I'm not taking this seriously anymore. I'm going completely unhinged. Sober cuz I can put on a performance CUZ I'M NOT DEAD. LIKE, WHO'S following this zombie [ __ ] 3,200 TPS. Now, where is it pushing this? All right. Oh, you took a quarter quarter second off the blockchain. Oh, [ __ ] Yeah, that's great. Most chains trade throughput. Polygon doesn't. [ __ ] YOU AIN'T DOING [ __ ] USEFUL. Come on, man.
So, I look at this. I don't see anything anything here. Like, use cases, payments, real world assets, stable coins. Same use case like everybody else has. Nothing special here. Do you even have All right, let's look at a company about Polygon. Upgrading how the world moves money. That's that [ __ ] right there. Money is fragmented and see these are legitimate points. But why would Polygon Why Polygon? 110 transactions a second, you make me laugh. Scroll down, look at the story. Polygon is for founded to scale Ethereum. HOW'S THAT GOING?
IS THAT GOING really well?
No, it's not. BASE AND ARBITRUM [ __ ] IN YOUR FACE.
IT'S NOT GOING THAT WELL. LOOK at all this. Oh, look at this. How much did you pay all these brands? Cuz from what I heard you paid these brands for these partnerships and they all fell apart cuz it was all [ __ ] So, how's that going for you? Is there any money left?
Hey, look, they got some team members on here. Congratulations.
Wow, this has a billion-dollar market cap. Get to know the team. Great, you got four, six, seven people on here.
[ __ ] me. I'm really excited now. Dfinity has 180 people on their team and you got marketing, legal, officer people. Is there an engineer? Uh there's a tech one chief technical officer. Great. Where's all the talent? Well, you don't really need engineers cuz it's pretty much all business and partnerships and [ __ ] isn't it? ChatGPT have anything to add to this? What else would you like to say? I already mentioned most of this just to make sure I have my [ __ ] updated here. Let's see. Right under 10 minutes, already covered most of that off the top of my head. Yeah, oh and it depends on Ethereum. Well, that's great. So, if Ethereum goes down the [ __ ] Polygon's going with it. And then there's new hype about Agler. Come on, man. Everybody's giving the same kind of [ __ ] pitch and the fact is ICP does better than all of these do like times a thousand. Agler sounds like crypto duct tape with a pitch deck. MORE LIKE A [ __ ] DECK.
Shitty-ass [ __ ] coin. I can't stand it.
Thousands of apps. Well, is anyone actually using?
Because and all these apps are off-chain except for tiny bits of data on the blockchain cuz Polygon can't hardly do any computation. This is a useless ass garbage coin and [ __ ] it.
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