Dustin Lee

#Kaspa #KAS #TXPoker #CowboysNation

[Dustin Lee @TheeDustinLee]

@LLuciano_BTC $KAS

[Dustin Lee @TheeDustinLee]

@cryptofergani #Kaspa #KAS

[Dustin Lee @TheeDustinLee]

@Grayscale @BlockchainAssn GKAS in my retirement portfolio please. #KAS

[Dustin Lee @TheeDustinLee]

@Grayscale $KAS

[Dustin Lee @TheeDustinLee]

@Grayscale Kaspa! Kaspa!! KASPA!!!

[Dustin Lee @TheeDustinLee]

@Grayscale @hashdag

[Dustin Lee @TheeDustinLee]

#Kaspa #Kaspian #Cowboysnation

[Dustin Lee @TheeDustinLee]

@billredenius 🔥

[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

[Honorius @OrangutanElder]

Has humanity ever had an asset that directly measures or expresses the sequencing of economic order? Every asset we have used, from gold to fiat to Bitcoin, has represented value storage or exchange, but not the structure of order itself. Blockchains perform linear sequencing, but this does not create true order. It is artificially narrow and centrally determined by the winning miner of each block. Only one chain of events is accepted, while all parallel activity is discarded as orphans. The result is a rigid and exclusionary model of order that forces a global queue instead of allowing natural spontaneous concurrency. What Kaspa (blockDAG) introduces, intentionally or by design, is something unprecedented: an asset whose existence and value are tied to the degree of coordination and fairness within the system that produces it. In essence, Kaspa transforms the act of sequencing itself into a form of spontaneous economic order, a principle that aligns directly with Friedrich Hayek’s vision of decentralized coordination. My theory is that Kaspa is Hayekian in structure, whereas Bitcoin has become more Keynesian in nature.

F.A. Hayek won a Nobel Prize in Economic Sciences in 1974. He proved that no central planner or government agency can ever match the efficiency of a free market, because the information needed to run an economy is not stored in one place. It lives in the minds of millions of individuals. Prices, in Hayek’s view, are not just numbers; they are messages that carry real-time knowledge about scarcity, demand, and opportunity. The price system allows people who have never met to cooperate efficiently, each responding to signals that reflect the collective knowledge of society. When someone buys or sells something, that action changes the price a little bit. Every change in price carries information about how scarce something is, how much people want it, how hard it is to make, and how valuable it is compared to other things. All of that information comes from countless individual choices happening everywhere, all the time (spontaneous ordering). You do not need to know who those people are or what they are thinking. The price itself already summarizes what everyone together knows. So when you make your own decisions about what to buy, what to produce, or how much to save, you are responding to those messages. The insight that earned him the Nobel was: central planning fails because knowledge cannot be centralized. The same truth reveals itself in modern digital money systems, where layering reintroduces control and hierarchy that limit spontaneous coordination. Economic order arises only when individuals are free to act on their own information, allowing coordination to emerge naturally, a principle that underlies both free markets and, interestingly, systems like Kaspa that encode spontaneous order directly into their architecture.

John Maynard Keynes, on the other hand, believed that markets often fail without layered management, and that collective stability requires intervention, liquidity control, and manipulation of demand. In a Keynesian system, equilibrium is maintained through centralized adjustment rather than spontaneous balance. Bitcoin originally was designed to reject Keynesianism with fixed supply, no central bank, and no money printing, yet ironically it functions like a centrally managed economy because of its rigid base-layer constraints and governance model. There are only 157 million allowable transactions on the base layer a year. Because Bitcoin’s base layer has limited throughput and long confirmation times, the network cannot organically balance activity through open participation. Therefore, hyperbitcoinization has to rely on secondary layers and institutional actors (exchanges, custodians, ETFs, and payment channels) to maintain liquidity and usability. This creates a kind of “digital central planning,” where a small number of large entities manage flow, determine access, and effectively steer the economy built around Bitcoin. Fees rise and fall like central bank interest rates, and scaling debates resemble policy meetings about how to guide the system back to equilibrium. Kaspa as well can rely on these layered actors, but the difference is where dependency begins and ends.

The most egalitarian form of money should not be dependent on layers; rather, layers should be conditional, optional extensions that enhance utility, not prerequisites for participation. A truly fair monetary system must allow every individual to transact, verify, and store value directly on the base layer without relying on custodians or secondary structures to access it. When money depends on layers, it recreates hierarchy. Those closest to the base layer hold power, while everyone else operates through intermediaries who dictate terms, fees, and access. This is not decentralization but a disguised return to central planning.

In a properly designed system like Kaspa, layers can exist but only by consent, not by necessity. They function as conveniences, tools for specific use cases or added programmability, while the base layer remains open, scalable, and self sufficient. Conditional layers serve the individual; they do not control him. This distinction marks the difference between layered dependency, which concentrates power, and layered choice, which preserves freedom. The most egalitarian money, therefore, is one whose foundation is universal, where all coordination, truth, and settlement can occur without permission, and where layers, if built, remain voluntary, transparent, and temporary.

What is fascinating about Kaspa is that it embodies a distinctly Hayekian duality in curing finance. It can impose order on economic inputs through its instant sequencing mechanism while also serving as money itself. Every transaction on Kaspa represents a cryptographic commitment, a verifiable statement of truth that establishes both temporal and economic order. This gives Kaspa a purpose beyond currency; it becomes an economic coordinator. It does not merely store and transfer value; it structures it. Each proof of work, each block, contributes to a living ledger of economic truth that organizes activity without any central authority. In doing so, Kaspa expresses the Hayekian ideal, transforming finance from an architecture of control into one of spontaneous, verifiable order.

$KAS $BTC
@NickSzabo4

[Dustin Lee @TheeDustinLee]

@futurbtw_Kas Go from 🐬 🐬 🐬 to 🦈 by 🎄2026

[Dustin Lee @TheeDustinLee]

@ScapeSquad Calling all Kaspians in Hawaii! Let's light up the darkness! #Kaspa

[s c a p e ‎. 𐤊 @ScapeSquad]

$KAS is the GameStop of crypto.

By the people.

For the people.

Of the people.

[Dustin Lee @TheeDustinLee]

@realvijayk Where are the Hawaiian Kaspians?!?! We need a public node in Hawaii!! Light up the map!

[Dustin Lee @TheeDustinLee]

@Kaspacryptoking 🐬 🐬 🐬 - 1 day -&gt; 🦈

[Odie @PoW_Odie]

Kaspa is end game.
$KAS

Send to your favourite Bitcoiner

[Dustin Lee @TheeDustinLee]

@DailyKaspa Any reason there are no public nodes in countries like Mexico or Israel?

[Dustin Lee @TheeDustinLee]

@KaspaAce 2 public nodes in the RGV! Leading Texas! I am originally from the RGV. 10 years now in Austin. As of today I am not on the public node map yet but it looks like I am officially running a public node in the Austin TX area!

Thank you @KaspaSilver
for the imperative content!

[Dustin Lee @TheeDustinLee]

@KaspaAce 2 public nodes in the RGV! Leading Texas! I am originally from the RGV. 10 years now in Austin. As of today I am not on the public node map yet but it looks like I am officially running a public node in the Austin TX area!

Thank you @KaspaSilver
for the imperative content!

[Dustin Lee @TheeDustinLee]

@Kaspa_Ron @kaspaunchained @realvijayk @KaspaSilver @thekaspaonion 2 public nodes in the RGV! Leading Texas! I am originally from the RGV. 10 years now in Austin. As of today I am not on the public node map yet but it looks like I am officially running a public node in the Austin TX area!

Thank you @KaspaSilver for the imperative content!