If bitcoin goes into a bear, it would be a good thing for alts to genuinely reprice exceptionally lower. People want upside and speculative pricing to make money, yet think they can capture that buying L1's nobody uses launching at $2bn mcap having raised 9 figures
Charts like this are common and honestly needs to change, nothing against Plasma - sad part is it is actually good and fits a very real usecase for crypto, yet nobody here cares when they just lose money on it
Half the reason alts didn't 'run' this cycle is that we had infinite numbers of them being spawned, but equally - the good stuff barely gave upside either
There is and always be opportunities in crypto, but we need to fix this. It can't be either you punt on a bundled launch that tops at $1m, or you try to trade the chart of something being held up by MM and supply concentration to a hugely bloated valuation
If there is to be speculative opportunity in crypto moving forward, we need to genuinely cleanse the alt space and rebuild it from the ground up
You might believe crypto as a whole is undervalued, I think it could be, but 90% of the projects that make it up are not and to rebalance that takes a lot of pain
2k $FIRO / 5k $
Privacy is luxury + Crypto is digital payment = @firoorg spark protect you and others
it gets used even in syria 🤷🏻♂️ mass adoption here will be amazing and it was for weeks on top searched coins at @coingecko@CryptoWizardd talking about $ZEC 🔥
Now it’s time to add $FIRO 😉 more upside potential and you really should know how their tech is
And With +1k coins adding masternodes
WE WILL DO THIS DAMN 100x , remember it was before listed at @binance and other exchanges and you Can buy it hidden at @Gate but for now mexc and coinex are good
$BRO on base is on fire too with their analysis
$DASH $ANYONE $ZEN
@binance,
Thanks for including me in the top 100 blockchain people list, appreciate the signal!
I must decline the Dubai invite though. I do not wish to disrespect, but many of the award voters are avid kaspians who rooted for my kaspa status at least as much as for my research. Let them win or count me out.
Crypto has turned from a euphoric cypherpunk project to a house-friendly casino. You may not be the culprit, but as a top player you hold the lion’s share of the responsibility to correct this, and the October crash your USDe oracle glitch helped trigger adds to what needs to be addressed.
There are three classes of crypto, as @mert put it recently: commercial crypto, casino crypto, cypherpunk crypto. <<Binance should hold a privilege policy for the latter.>> A TBTF CEX should know better and play a different game with hardcore crypto projects.
When binance lists a green frog three weeks post its “launch” but skips a fair-launched-Nakamoto-Consensus-100ms-upgrade-ATH-top-20-the-only-nonbitcoin-marathon-mined project, this is not merely binance rationally calculating; it is also binance molding the market in a way that is alas misaligned with the roots of the movement.
You may feel that kaspa’s sovereign money thesis is boring – that bitcoin is already money and that implementing an internet-speed bitcoin is useless - fine. Wrong but fine. But what’s the thesis for the green frog?
Money is a classic chicken-and-egg product. It is a scam up until one moment before tipping point, “most of the value comes from the value that others place in it.” Considering your resources and influence, I think it's safe to say you can serve as both the egg and the chicken and make it worth your while to push sound attempts towards tipping point.
@cz_binance tweeted recently that “strong projects will be listed.” But binance is part of what defines "strong", it bears responsibility for the market’s compass and impulse and definition of strong. It is not a read-only entity.
Binance listing fees are legit, they are just unfit for category cypherpunk. Kaspa devs and early supporters fairly mined less than half what satoshi and hals mined. We don’t have a 20% ZEC-style founders’ reward or protocol-enforced dev fund; this is not a jab at ZEC and the wonderful @Zooko, who was crashing in my car on a late Thursday back in the low ZEC MC days – if somebody deserves to win it is zooko – but assuming binance is not taking a maxi bet, it should revisit its relationship with hardcore crypto.
We are here through bull and bear, ICOs NFTs XYZs; and we are the source of confidence that restores faith and capital inflow post meme-induced or CEX-induced crashes.
Please fix this.
Thanks again,
hashdag
cc @michaelsuttonil
Exhibit A: Binance Innovation Zone
Exhibit B: 10 bps Nakamoto Consensus
Huge props to @hashdag for taking this stance.
First of all I need to qualify things. @binance despite delisting $FIRO in April, I can still say has one of the best exchange-project relationship management (even if the bar is pretty low). I also have to give them props for continuing to ensure a smooth sunset of BEP-20 $FIRO and continuing to allow redemptions for native FIRO. They were also the only ones who were willing to discuss the implementation of Exchange Addresses instead of delisting it outright despite being under immense regulatory pressure to do so (even if it didn't keep us on in the end). Binance isn't all bad, there are some really good parts of it and they've done a lot of good to make crypto accessible.
But one of the most key things about an exchange are the assets it decides to list.
@hashdag is right here. The ppl who decide who list/delist really need to see what they're standing up for. Especially during the meme coin cycle, they were speed listing almost brand new meme coins with no track record. There was speculation that it was insiders that were scooping these memecoins before they were listed. Even their long term employees/angels were surprised, even disappointed at this.
Perhaps the thing that I'm most disappointed about was the whole 'vote to delist' debacle which was honestly just pure governance/sentiment theatre. Out of 22 projects in Monitoring Tag status (btw $ZEC and $FIRO were in there cause of privacy), of the votes to delist, FIRO ranked 15 or 16 (depending on methodology) (the higher the rank, the more people wanted it delisted). ZEC ranked higher at 9. https://t.co/y444gdMMod
Some other notable privacy projects on Binance also escaped the monitoring tag mainly due to regulators not flagging them even when they had either a similar or worse setup than us. Other exchanges also basically aped or copied what Binance did citing 'regulatory reasons relating to privacy' even when they kept $XMR listed on their exchanges.
But guess who was ranked 3 and still remains listed today? Fucking $FTT, the token of the defunct, scam exchange FTX. An exchange that CZ had a hand in bringing down too (though deservedly so).
Personally, while I am cognizant of the immense role and access that CEXes play, as a privacy coin that is under regulatory pressure (that is also often based on whims rather than actual fact), if the true 'cypherpunk' vision is to be kept alive, it's through better decentralized DEX/bridge options. Stuff like @SeraiDEX, @BasicSwapDEX, @RosenBridge_erg, @KomodoPlatform, @BisonWallet, @layerswap v2.
If banning privacy coins is truly about combating crime, why does most illicit transactions from drugs cartels and even ransom kidnapping continue to happen through totally transparent stablecoins? Pushing privacy coins away actually from CEXes make any sort of mitigation of crime harder since you can't even turn to CEXes to get more information.
But back to the topic, don't claim that you list 'quality' projects if most new listings require a huge portion of supply given to the exchange. And simultaneously, listing low effort brand new memecoins just perpetuate the rot and sickness of the industry.
In the early crypto days 2012-2016, many exchanges listed coins for their ingenuity and market interest, not how much listing fees they paid or what VCs backed them or what share they can give an exchange.
Also to other web3 projects, you should also fight this, do you really want a centralized exchange holding your future by the balls as a decentralized project?
$LTC
Bought some of this for the culture
This triangle is gonna break in the next 3 months or so
If it breaks down we're dead anyway
If it breaks up it'll be beautiful
Using SOL short proceeds for this trade so I can feel like its a risk free trade even though it's anything but
Can we all agree now that memes went to zero that they were a net negative for the space
And that all the meme shilling inflicted infinite pain?
Or are you all still gonna argue this shit was good for the space/world?
I think $FIRO has worked and contributed to many privacy coin projects directly and indirectly and it's in our nature to promote privacy as a whole even if theoretically competitors. Our work in Lelantus Spark inspired $XMR's Seraphis design and we also have help sponsor some of their events, our work on Lelantus inspired $BEAM's Lelantus-MW, our exchange address solution helped $ZEC and $PIVX stay on Binance, we disclosed Zerocoin vulnerability to $PIVX and dozens of other Zerocoin projects to save them, we helped $DASH solve a masternode vulnerability and assisted in them getting funding for their privacy development. We have good relationships with many other privacy projects such as $ZANO $ERGO $DCR $PART $SESSION $RAIL just to name a few. We're in this together and we have always promoted working together with legit privacy projects even if we don't always agree on the best way to get there.
The most undervalued privacy coin right now is $FIRO (formerly $ZCOIN).
The older brother of $ZEC, once listed on @binance, got delisted (like $XMR) for being too private to trace.
But here’s the twist, $FIRO lets you choose:
Public or Private.
Currently sitting at a $30M market cap, this is criminally undervalued.
And yes, you can still grab it on @MEXC_Official 👀
It deserves a Binance relist. 🔥
@firoorg