@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 lionās 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 ālaunchā 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 kaspaās sovereign money thesis is boring ā that bitcoin is already money and that implementing an internet-speed bitcoin is useless - fine. Wrong but fine. But whatās 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, āmost of the value comes from the value that others place in it.ā 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 āstrong projects will be listed.ā But binance is part of what defines "strong", it bears responsibility for the marketās 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 donāt have a 20% ZEC-style foundersā 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 ā if somebody deserves to win it is zooko ā 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
Why $KMC Could Be the Next Big Crypto Play:
https://t.co/ukwJUIpIeO Competition in Proof of Game (PoG)
ā¢Unlike traditional Play-to-Earn models that rely on inflationary rewards, $KMCās Proof of Game (PoG) ties mining directly to player activity.
ā¢Minecraft has 170M+ monthly active playersāeven a small fraction adopting $KMC could drive massive demand.
2.Minecraft + Blockchain = Untapped Market
ā¢Despite blockchain gamingās growth, thereās no major crypto seamlessly integrated into Minecraft.
ā¢Other GameFi projects like Axie Infinity peaked at $10B market cap, showing the potential for tokenized gaming.
https://t.co/CpeA0Vfg9n & GameFi Are the Next Big Trend
ā¢GameFi is expected to grow from $9B in 2021 to $74B by 2031 (Allied Market Research).
ā¢With AI-driven economies emerging, $KMC could position itself as a currency for digital worlds, opening up new use cases.
4.Early-Stage Price Discovery
ā¢Trading volume just surged 54.39% to 1.79M market cap, signaling growing interest.
5.Bitcoin-Style Halving Model
ā¢Mining rewards halve every 2.1M blocks, similar to Bitcoin.
ā¢With a high initial supply but decreasing issuance, early adopters have the best positioning before scarcity kicks in.
$KMC is a first-of-its-kind integration of blockchain into one of the worldās biggest games.
If adoption scales and GameFi grows, it could become a major player in the next crypto cycle.
Right now, itās still early.
I've been seeing lots of people ask about how we would go about bridging over KMC to a different chain
In order for us to do this quicky, we need more devs immediately. Please reach out with verified socials.
Just like Wbtc that was made on eth as a bridge for bitcoin, KMCoin can be made the same way. Wrapping involves centralization as the custodian locks away the BTC.
This is an effective way to make layer 1 coins malleable. We are working to complete this but as KMC with SPL.
Once complete, KMC holders will have the ability to wrap their coins and use the smart contract functionality built in to the Solana chain.
This is still a work in progress.
In other news; we've started working on a new UI to make blockchain mining more simple, will be posting updates soon.