CoinProspector

asymmetric risk maximalist // crypto class of 2014

[CoinProspector @CoinProspector]

A comparison for #Kaspa's 32 BPS network propagation upgrade (~31 millisecond block time):

19,200x faster than $BTC
384x faster than $ETH
67x faster than $MATIC
12x faster than $SOL

$KAS is leagues ahead of the competition.

[CoinProspector @CoinProspector]

$KAS logarithmic weekly chart. Tapped support and bounced strongly. A decisive break of $0.09 at the top of the wedge should quickly send the price to prior all-time highs

[Yonatan Sompolinsky @hashdag]

@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

[Pavel Durov @durov]

I’m turning 41, but I don’t feel like celebrating.

Our generation is running out of time to save the free Internet built for us by our fathers.

What was once the promise of the free exchange of information is being turned into the ultimate tool of control.

Once-free countries are introducing dystopian measures such as digital IDs (UK), online age checks (Australia), and mass scanning of private messages (EU).

Germany is persecuting anyone who dares to criticize officials on the Internet. The UK is imprisoning thousands for their tweets. France is criminally investigating tech leaders who defend freedom and privacy.

A dark, dystopian world is approaching fast — while we’re asleep. Our generation risks going down in history as the last one that had freedoms — and allowed them to be taken away.

We’ve been fed a lie.

We’ve been made to believe that the greatest fight of our generation is to destroy everything our forefathers left us: tradition, privacy, sovereignty, the free market, and free speech.

By betraying the legacy of our ancestors, we’ve set ourselves on a path toward self-destruction — moral, intellectual, economic, and ultimately biological.

So no, I’m not going to celebrate today. I’m running out of time. WE are running out of time.

[CoinProspector @CoinProspector]

@KobeissiLetter Silver to rank 2 with haste

[CoinProspector @CoinProspector]

Been bidding $PIVX these past few days, dino privacy coin with shielded TXs similar to $ZEC. Sub-$20m lowcap, incredibly asymmetric R/R (also listed on Binance spot)

[mert @mert]

privacy is the last remaining 1,000x in crypto

[CoinProspector @CoinProspector]

@cr1337 XMR aggregate OI sitting at ~$34m, which is insane for a $6b coin. Hardly anyone trading perps is allocated, its gonna get crazy when vol picks up

[CoinProspector @CoinProspector]

Clean breakout on $ZEC. Aggregate open interest is sub-$100M USD, which is quite low (also $30M OI for $XMR, $15M OI for $DASH - goes to show how vastly underallocated the entire privacy narrative is)

[CoinProspector @CoinProspector]

@Mansa_Godson on bitmex, it went from like 0.1btc to 10btc per coin on launch day, before arthur capped the price at 10btc ceiling, truly wild times back then

[CoinProspector @CoinProspector]

@awawat gold at 3k and silver in a generational 45-year cup and handle. step aside crypto bros, its time for the boomers and their commodities supercycle

[CoinProspector @CoinProspector]

@blknoiz06 Gold, silver, mid/largecap miners

[CoinProspector @CoinProspector]

fwiw, this shitty cycle so far has been largely caused by the normalization of launching thousands of trash tokens daily, and the biggest exchanges being the enablers of this nonsense

[CoinProspector @CoinProspector]

People are starting to call out Binance and Coinbase for listing absolute dogshit for the past several months. Perhaps when memes do another -90% they can finally leave that saga behind, and focus on the tech (*cough*, $KAS)

[CoinProspector @CoinProspector]

@cz_binance Your exchange has mainly facilitated listings for useless shitcoins over the past months - meanwhile the actual innovators are left on the backburner. Lead by example, CZ!

$KAS

[CoinProspector @CoinProspector]

@VitalikButerin The young bloods are all focused on chasing instant gratification in shitcoins. What you need are the cypherpunk OGs to right the ship and bring the industry back to its original principles

[𝗗𝗥𝗘𝗔𝗗 𝗕𝗢𝗡𝗚𝗢 @DreadBong0]

Crypto fucking sucks right now..

- Trump and his wife launched "official" memecoins

- Milei’s national meme rugs and fucks everyone

- Dude buys @kanyewest's account just to pump a meme for max extraction from unaware retail

- A guy loses everything on memes, livestreams his suicide saying “If I die, turn me into a meme” and sick bastards actually do it minutes after

That’s just the last month..

This place has become a cesspool of degenerate bullshit

Pumpfun scams left right and centre, people fucking on camera for pumps, kids threatening animals if there are no buys.. It’s beyond pathetic

The worst part? The people who should be gatekeeping are enabling this shit

@cz_binance pushing memes of his pets just to pump volume on @binance

@coinbase and other tier 1s listing every garbage meme coin under the sun, just to make a quick buck while retail investors get obliterated

This space was supposed to evolve.. to be the future of finance.. a decentralized revolution

Instead, it’s devolved into a fucking whore house

Catering to the lowest common denominator and pandering to the dumbest most degenerate impulses.. which leaves a shitty stain on the entire industry

Surely the space is better than this?

There is some incredible stuff being built in #crypto but its all being pushed to the corners whilst everyone dives head first in this lunacy

The most influential people in this space have the power to steer this change.. for the good of the industry

People like @brian_armstrong, @cz_binance and others.. they can lead the way and help crypto fulfill its potential

But they are currently choosing greed instead of wanting the space to flourish and improve our society

It’s fucking embarrassing to be associated with this shitshow right now

This ain't the future of finance, It’s a fucking circus.. and right now the clowns are running the show

[CoinProspector @CoinProspector]

@ddtg_quant @EricBalchunas @psarofagis strong bid from central banks

[CoinProspector @CoinProspector]

$KAS looks ready for its next substantial leg up. Once the price clears the $0.33 level, $1 per #Kaspa is going to happen very fast

[Kraken Pro @krakenpro]

‘Wen KAS?’ you asked 1,000,000 times

Nov 19th - 14:00 UTC
$KAS

*Geographic restrictions may apply

👀 Roadmap updates every Thursday ⤵️
https://t.co/hv1TlhIJJf

[CoinProspector @CoinProspector]

@crypto_iso Energy mainly has been the anchor that has helped drag down CPI metrics, but with serious escalations in the middle east and rising crude prices, one has to think that the next CPI print will be once again higher than expectations