@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
LCX has published the world’s first MiCA-compliant white paper for $KAS @kaspaunchained — listed in the official ESMA Register.
$KAS now has ‘Admission to Trading’ in Europe.
https://t.co/YuYbrdS8ba
🎉Happy New Year!🎊
This past year has been remarkable in so many ways. The innovation and progress on the dev & tech side have been incredible. From the growing Dev community to the flawless implementation of Kaspa on Rust to TN11 running 10bps, to the imminent hard fork (Crescendo) and Smart Contracts coming in the new year.
Ecosystem initiatives like @Kaspa_KEF, @KaspaKii, @kasmediadotcom, @kasplex, @rock_the_kaspa and others have been very active!
The grassroots marketing efforts have grown awareness and adoption greatly. Kaspa was represented at over 12 large crypto events and meetups around the globe and found its way onto many xSpaces, AMAs, YouTube features and news media channels. Kaspa chats and social channels grew exponentially and more merchants, exchanges, and integrations have onboarded Kaspa, monthly. (See Infographic)
If you could name one Kaspa highlight from 2024 and one thing you are most looking forward to in 2025 and why, what would they be?
Kaspa Testnet-11 Hard Fork has been successfully activated at DAA score 287238000.
This exact set of consensus rules and constants might be applied to mainnet in the not-too-far future.
Well done Kaspa Devs!
Bull Markets Historically Begin in Uptober
Many alts are about to go parabolic soon
Every $100 invested today = $10,000 next year
🧵: Here are 20 coins that will 100-100x this cycle 👇
❤️We all love watching the TN11 #DAG! 🎹Each block is like a note in the beautiful tech symphony in the making. #Crescendo is yet another movement in the grand #Kaspa Opus being crafted and we all will be the better for its creation and ongoing performance!🎶 Play on Kaspa Devs, play on!
#10bps #RustyKaspa #TrilemmaSolved
Real world integration has been the goal from the genesis of the project! This event aims to be a catalyst for industry and enterprise to see and learn how #Kaspa can support real world use.
#RWA#DePIN#KaspaAcceptedHere
⚡️The planet awaits the power of #Kaspa!
There will be a #KaspaFAMMeetup on the 23rd and an all-day #summit called "Kaspa in Enterprise" on the 24th in #Dublin#Ireland
Key major market leaders and companies are already lining up to attend!
More details coming soon! Follow @KaspaKii
#RWA #DePIN #RealWorldUse $KAS
KASmedia is starting a new interview series with the major companies that play a big part in Kaspa’s community. See our first interview with Tangem!
#Kaspa $KAS #ProofofWork@KaspaCurrency
https://t.co/yGn5nyZQ0l
A typical view count for a @Binance Live is around 5-7k views.
The most recent livestream, as of now, has 75,500 views! One of the highest viewed video ever watched on Binance Live.
This just shows how much interest and support comes from the #Kaspa community!
@Kaspa_HypeMan @NicholasSismil @kasmediadotcom@IceRiverMiner@kasplex
$KAS has solved the Money Trilemma 💸♻️
No form of money in the history of humankind was able to achieve perfection, always lacking at least one side of the trilemma.
Kaspa changes that.
This thread will highlight key takeaways from @NicholasSismil amazing article.
Lets go 👇
First and foremost, I highly recommend you to checkout the full article. It really is amazing and its only part 1 of 3.
You can find it on the @kasmediadotcom website.
Lets get into the sauce now.
1⃣ What is the Money Trilemma? 🤔
The Money Trilemma states that any form of money can only ever achieve two out of its three properties at any given time.
These 3 properties are:
🔹store of value (salability across time)
🔹medium of exchange (or salability across space)
🔹unit of account (or salability across scale)
If a currency were to achieve and maintain all 3 of these properties, it would have huge implications.
Solving the Money Trilemma would mean:
🔹a perfect form of money is created, winning the world’s money war
🔹the world’s first, stateless world reserve currency can be achieved
🔹decentralized finance is possible, as this hasn’t yet been the case
Lets see how most popular forms of money are doing at solving this trilemma.
2⃣ Comparison of differents forms of money: 💷
Most current forms of money only achieve 1 or 2 out of 3 properties.
Gold: 🥇
🔹store of value (salability across time)
➡️ 1/3 properties fulfilled
Gold Standard: 🪙
🔹store of value (salability across time)
🔹unit of account (or salability across scale)
➡️ 2/3 properties fulfilled
Bitcoin: 💲
🔹store of value (salability across time)
🔹unit of account (or salability across scale)
➡️ 2/3 properties fulfilled
Silver: 🥈
🔹store of value (salability across time)
🔹unit of account (or salability across scale)
➡️ 2/3 properties fulfilled
Fiat Money: 💵
🔹unit of account (or salability across scale)
🔹medium of exchange (or salability across space)
➡️ 2/3 properties fulfilled
Kaspa: ♻️
🔹store of value (salability across time)
🔹unit of account (or salability across scale)
🔹medium of exchange (or salability across space)
➡️ 3/3 properties fulfilled
Kaspa is the first and only currency to fulfill all 3 properties, thereby solving the Money Trilemma.
3⃣ How does Kaspa solve the Money Trilemma:
For this part, I want to redirect you directly to the actual article of @NicholasSismil.
First of all, this is a way too complex issue to be summed up in a couple sentences and I don't want to straight up copy most of article.
Second of all, this is an ongoing series and this was only part 1/3, so even if I wanted to I couldn't give you the full breakdown right now.
So go ahead and read the full article if this intrigued you, its a must read for any Kaspa holder imo!
4⃣ Summary & Opinion: 🗣️
I usually don't like these outlandish statements like "XYZ will become the worlds currency!"
In almost all cases (especially in crypto) they are complete nonsense.
For Kaspa however, the possibility is there.
If this leads ted the Blockhain Trilemma as well as the Money Trilemma.
If this leads to $KAS actually becoming the worlds reserve currency etc. remains to be seen.
Scepticism towards this statement is more than justified.
But even tho it might sound ridiculous at this point in time, one thing is for sure:
Kaspa has successfully layed the foundation to becoming all the above.
Idead ahead of their time have always looked laughably crazy to the average person.
“When a person is ahead of his time with his ideas and ambitions, people first laugh at him, then respect him, and only then imitate him.”
- Ivan Kuznietsov
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Other Kaspa enjoyooors to follow:
@OfficialTravlad | @CryptoKaduna | @DreadBong0 | @CryptoReviewing | @tombheads | @2xnmore | @ourcryptotalk | @ParabolicPump | @BraverCrypto | @MikoGenno | @CryptoElPres | @KaspaGuru | @KASPAEnthusiast | @Kaspa_HypeMan | @groddofcrypto | @Cryptographur | @christi61026749 | @RvCrypto | @altcoinist | @Cryp__toad | @kaspador | @SilverKaspa | @YorichiiCrypto | @TommyDoesCrypto | @plzsats | @Fibonaccious | @MOONSHOTJOSH | @KaspaSilver
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Thanks for reading frens 🩶
As always, all sorts of engagement much appreciated!
mikro out ✌️