Kaspa is real-time bitcoin, solving scalability is great but not the core value prop.
Real-time bitcoin means achieving in a few seconds the same security guarantees that nakamoto consensus / bitcoin achieves after an hour; decentralizing each consensus round rather than chain quality achieved through a coarse aggregate of rounds.
A clean definition anchor for real-time decentralization (RTD): The ability to sample the honest majority in real-time.
(Note that even fast leaderless VRF-based proof-of-stake cant sample honestly bc the selected nodes get to choose the content of their blocks after they've been selected; pos=select then write, pow=write then select)
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RTD affects: txn confirmation, censorship resistance, secure oracle finality, MEV resistance.
Eg censorship resistance, bitcoin is the most censorship resistant chain, but if 60% of the miners are censoring you (point in reference: OFAC abiding tornado censoring eth miners), your txn will pend for 30-40 minutes. For shady business payments that's not prohibitive, but for a real economy, for an asset aspiring to be at least a king of collateral even if not an MoE, this is unacceptable, esp under economic stress.
Beyond censorship, all things finance benefit tremendously from pow density, from sampling the majority in real-time in a secure and honest manner.
I wont get into MEV resistance now, but having a "conscious" stream of oracle attestations (not price oracles) finalized in real-time qualitatively upgrades the ability to encode informed risk, collateral, liquidity management, which is the lifeblood of defi.
In context of conf times, increasing from 1 to 10bps saturates the latency optimization. But for pow density we need dozens of blocks per second, with the endgame of 100 bps: Under 10bps a 37% attacker can fake the majority signal with probability 12%. With 100bps this drops to 0.3%. Today Kaspa can't accelerate to >10bps w/o harming conf times, but DAGKNIGHT will be implemented hopefully by Q3 at least on testnet, by which we will push for 25-40bps.
The cherry on top: RTD also implies netsplit resistance, as per the partial synchrony framework.
WWIII cyberwar resistance. Hypothetically speaking ofc.
(elaborated- https://t.co/o8vKa7gBwm)
With vProgs, KASPA will create its own exchange on the GhostDAG network, so there will be no need for KASPA to be listed on exchanges like Binance and Coinbase. Therefore, as a community, we will contribute to KASPA vProgs.
I’m betting on a $KAS listing, not because @cz_binance chooses it, but because the market will force it.
Kaspa doesn’t need @binance to win (the grassroots hype already proves that).
But Binance might need Kaspa to stay relevant.
The market decides, not the egos. 👑
#Kaspa
One of the best tweets I read in 2025, thanks for that Yonatan 🙏
It's a shame not to be able to meet you at Blockchain 2025, but your decision must be respected.
We, the largest Kaspa community in Germany, can fully understand this...
I think I can speak for the collective, who certainly share similar opinions.
Nothing against $PEPE, nothing against fair launched meme projects, but one listing should not exclude the other.
It is simply impossible to ignore which technology is the most advanced in the here and now, which #Binance and #Coinbase are very obviously doing.
Binance has listed so many tokens that have significantly lower trading volumes, despite T1 CEX listings...
Listing Kaspa would greatly enhance the image of both leading CEXes, making it accessible to everyone and bringing the true purpose of blockchain technology back to the forefront.
However, I believe they are concerned that listing $KAS would render their own governance coin/chain $BNB + $BASE obsolete.
They obviously don't see Kaspa as a catalyst, but as a competitor, while in my opinion, the small space should be pulling in the same direction.
#Kaspa is significantly cheaper, faster, and more decentralized, which any schoolchild can quickly grasp.
The result?
They ignore it...
In the future, they may fight it before participating because Kaspa will be inevitable in my opinion.
Why else would #Binance demand 3% of the max supply, which is equivalent to 861,000,000 $KAS or $43,911,000?
On the one hand, you can't extend your hand and say, “We invite you to congratulate you,” while on the other hand, they ignore your work, which has taken more than 10 years of energy.
Your words prove to me that we should continue to pull together here, because you obviously have the right values, Yonatan.
Only love for you and the entire Kaspa team & community.
Let's make crypto great again, it's only a matter of time.
@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