asotonadal.eth

Apasionado de las nuevas Tecnologías, profesional de #MarketingDigital y #eCommerce, Ingeniero de Telecomunicaciones y nunca digo no a un buen #cafe !

[asotonadal.eth @asotonadal]

@arceyul IA

[Dr Martin Hiesboeck @MHiesboeck]

I’m going to take the liberty and repost the brilliant creator of $KAS, my friend (and idol) Yoni @hashdag’s letter to @Binance here for visibility.

I found myself nodding and screaming “yes” “exactly” at every sentence. Before you flame me, yes I work for a platform @UpholdInc and I’m proud of that. I try to keep the OG crypto embers burning inside a system that has changed the value and ethics proposition. Yes, we are all guilty in some way or other of perverting the original crypto spirit, and not all elements of OG cyberpunk were good, reasonable, morally acceptable or even realistic. But Yoni’s letter deserves more attention. I’m going to handwrite it in ink and hang it on my wall.

(For the younger readers: handwriting is an old form of “texting” when you use a pen, pencil or other implement to draw letters on a medium such as paper using only your fingers and your own brain. See https://t.co/8Jws3rXOs5)

Here it the letter. It’s the crypto version of Jean-Paul Sartre rejecting the Nobel in 1964.

————

@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. (Hear hear!!!!!)

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.

Yonatan Sompolinsky

[asotonadal.eth @asotonadal]

@hashdag @binance 🙌🏻

[IncomeSharks @IncomeSharks]

@hashdag @binance Exchanges chose to hand pick and list memes instead of rewarding builders and innovation. Not surprising to then see crypto fall apart as casino and gambling ruined the space and it brought out the worst in people.

[G.G @Gino___]

If you want to frame @hashdag 's reply to @binance and put it on your wall. Here you go. 👇💚

Study your #kaspa $KAS

[Michael Sutton @michaelsuttonil]

The most monumental email I was ever cc’d on

[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

[asotonadal.eth @asotonadal]

¿Recuerdas cuando te uniste a X? ¡Yo sí! #MiAniversarioDeX

[asotonadal.eth @asotonadal]

@gordongekko $KAS

[Dr Martin Hiesboeck @MHiesboeck]

Since you are all so impatient and I’m still putting the finishing touches on the full report which will be available to our institutional @UpholdOTC client base, here is a preview.

Ever feel lost in the crypto world, bouncing between different chains and wallets just to make one simple transaction? You're not alone. The biggest challenge in crypto today is fragmentation—a universe of isolated chains and tokens that don’t talk to each other.

One solution is focus on bridgeless interoperability with @quantnetwork as the thought leader here

But there’s a new approach that could change everything.

My team at Uphold Research is finding published an in-depth report on how Kaspa is taking on this problem. It’s an ambitious project that’s not only supercharging its base layer but also pioneering a new way for different crypto ecosystems to work together seamlessly.

The idea is to have all the speed and scalability of separate chains with the unified experience of just one, able to connect to all other securely and ultimately quantum resistant to.

We explore this and more, including:

What fragmentation really means and why it's a huge problem for users and developers.

The "Based Rollup" model and how it’s different from what other networks are doing.

Our Kaspa vision to create a single, unified ecosystem where everything is connected.

Running at the speed of the Internet i itself and enjoying non of the scalability issues of linear chains, we believe that BlockDAG tech is essential and inevitable next step in the evolution of blockchain. With admirable dedication and prowess @hashdag has been working on this concept for over 10 years. And yes, they’ll be an X space or webinar with him very soon.

This article gives you the highlights, but there’s a lot more in the complete report.

Be sure to check back for a deep dive into the technology, the challenges, and what a truly unified crypto future could look like.

Let's keep building and learning 🚀

[asotonadal.eth @asotonadal]

@cryptocom $KAS

[asotonadal.eth @asotonadal]

@cryptocom $KAS

[asotonadal.eth @asotonadal]

@cryptocom $KAS

[asotonadal.eth @asotonadal]

@cryptocom $KAS

[asotonadal.eth @asotonadal]

@BinanceUS $KAS

[asotonadal.eth @asotonadal]

@MqGuardiaCivil @BuitresLeonaos D.E.P.

[asotonadal.eth @asotonadal]

@OfficialTravlad @grok Good News! Thanks! ( always $KAS )

[asotonadal.eth @asotonadal]

@Ashcryptoreal $KAS

[asotonadal.eth @asotonadal]

@binance $KAS

[Kaspa Kii @KaspaKii]

OPEN LETTER TO COINBASE

Subject: Request for Transparency and Fair Listing Practices for Kaspa (KAS) on Coinbase
As a foundation dedicated to promoting Kaspa (KAS), the Kaspa Industrial Initiative (Kii) is writing this open letter to respectfully request clarification regarding the status of KAS's application for listing on the Coinbase platform. This letter also serves to inform the Kaspa community of our ongoing efforts and to address broader concerns in the cryptocurrency space about fair listing practices and transparency.

We acknowledge Mr. Armstrong’s November 2nd, 2024, tweet claiming “free listings“ . However, this contradicts public reports of substantial listing fees, raising serious questions about potential material misrepresentations under securities law. This lack of transparency erodes trust and necessitates a clear and forthright response from Coinbase.

Despite Kaspa’s repeated attempts to engage with Coinbase, no response has been received to date. The timeline of the attempts includes:

• October 7, 2022: Initial introduction of Kaspa and correspondence with Francisco Esqueda at Coinbase.
• October 11, 2022: Coinbase Asset Hub questions submitted.
• January 8, 2023: Formal application submitted via Asset Hub (screenshot confirmation available).
• Date approximately one month ago: Resubmission of a revised application.

Mr. Armstrong’s public call for applications and invitation to “drop us a note”, even after our initially fruitless earlier requests, encourages the KAS community and us to reiterate our request for a Kaspa listing.

We strongly suggest that Coinbase evolve its Asset Hub process to be genuinely inclusive of all legitimate cryptocurrency projects, regardless of their organisational structure. Currently, the requirement for information inherently unavailable to truly decentralised projects like Kaspa and indeed, Bitcoin itself—creates an uneven playing field and undermines the core principles of decentralised cryptocurrency. This structure risks inadvertently favouring venture-capital-backed initiatives, potentially stifling innovation, limiting consumer choice, and raising legitimate antitrust concerns. We urge Coinbase to take proactive steps to address this systemic issue and create a more equitable listing process that reflects the diverse and innovative landscape of the cryptocurrency ecosystem.

KAS is a prominent cryptocurrency:

• Top 30 Cryptocurrency: KAS consistently ranks among the top cryptocurrencies by market capitalisation.
• High Transaction Volume: KAS demonstrates impressive transaction throughput, showcasing its practical utility.
• KRC-20 Token Standard: The recent launch of KRC-20 expands the KAS ecosystem and fosters further innovation with many innovative projects launching on it.
• Block-DAG Technology: This unique technology offers significant advantages in scalability and efficiency compared to traditional blockchain architectures.

Kii firmly believes that a Coinbase listing would significantly benefit both the Kaspa community and the broader cryptocurrency ecosystem by providing greater access to this promising technology.

Kaspa, with its unique blockDAG architecture, offers compelling advantages. It consistently achieves extremely high transactional volumes, significantly outperforming many established PoW cryptocurrencies. Its robust and active community of over 400,000 members across various platforms demonstrates organic growth and fervent support, vital indicators of a project's long-term viability.

In the interest of clarity and fair practices, we respectfully request the following from Coinbase, including a formal meeting to discuss these critical issues:

1. Application Status: A detailed and transparent update on KAS’s application, addressing the reasons for the extended silence and acknowledging the documented communication attempts.
2. Listing Process Transparency: A comprehensive explanation of Coinbase’s listing review process, timelines, criteria, and a direct address of community concerns regarding listing fee discrepancies and the discriminatory nature of the Asset Hub requirements for decentralised projects.
3. Specific Concerns Regarding KAS: If any specific concerns prevent KAS’s listing, they must be clearly articulated to enable the Kaspa community to address them.
4. Listing Criteria: A complete and detailed explanation of all listing criteria employed by Coinbase is required to ensure transparency, trust and fairness.

Kii and the Kaspa community are committed to building a transparent and trustworthy ecosystem for decentralised projects.

We look forward to a constructive response from Coinbase and a meeting to address these critical issues. Listing KAS presents a mutually beneficial opportunity for both Coinbase and the Kaspa community, driving increased trading volume and expanding access to a thriving and innovative ecosystem.

Sincerely,

Kaspa Industrial Initiative (Kii)

@brian_armstrong @KaspaCurrency @Kaspa_KEF #kaspa @coinbase @Kaspa_HypeMan @elldeeone @cz_binance