The choice from Kaspa to maintain its proof-of-work consensus is part of what makes the L1 interesting. But why did Kaspa choose to stay, when so many other chose proof-of-stake...? ⬇️
https://t.co/opx8XfkbrE
The US government’s debt is $40+ Trillion, with a 130% Debt/GDP. This means the US consumes, imports, and spends 130% more than it produces, exports, and sells.
Assuming America continues to spend at its current pace, how long would it take to pay off the debt if citizens worked an extra 5, 10, 20, 35 hours per week?
5 hours 👉 Never
10 hours 👉 Never
20 hours 👉 Never
35 hours 👉 10 years
Yikes…
So, who’s going to realize the loss?
US Bonds are being sold at record levels (even with higher rates!), because foreign countries just don’t trust the system anymore. They’d rather hold hard/sound assets like gold, silver, bitcoin, etc…
So, who’s going to hold the debt?
You… 😳
The US wants to digitize their dollar via the implementation of a stablecoin, which will be backed 1:1 in correlation with treasury bonds. This allows for global access of US debt and continued loss of purchasing power through the general public. Furthermore stablecoins allow for issuers to block, freeze, censor, limit, and seize your transactions for whatever reason deemed necessary.
The tricky part? 🤔
Adoption…
The only way to get massive stablecoin adoption is through a fear mongering (aka, a planned crisis). What will that be?
👉 “AI has hacked/taken over the CURRENT financial system, so we need to transition into the NEW system.”
It’s coming. Mark my words.
Exit out, and learn about real, hard, sound commodities (Gold, Silver, Bitcoin, etc…)
And above all 👉 Study #Kaspa
Because kaspa:native is freedom… 💚
✌️
The CEO of institutional custodian giant @BitGo has officially tweeted about $KAS. Welcome to the party, we’re all eagerly following the GitHub integration of Kaspa closely 😎
@BitGo CEO @mikebelshe recently asked for @CFTC (US agency that oversees commodities) to provide “principle based rules” in the blockchain space.
What’s interesting is BitGo is asking for a clear cut framework of commodities, and they themselves have been laying the pipelines for institutional custody and settlement of the commodity of all commodities — Kaspa!
👉 https://t.co/PLIusOfSNH
• Fair Launched ✅
• Fixed Supply ✅
• Proof-of-Work ✅
• Decentralized, Secure, Fast ✅
• Smart Programmability ✅
• 96%+ fully mined ✅
The digital commodity era has arrived, and #Kaspa is ready 🚀
@Chris_Hutch7 Exactly- if you’re a just cultist you refuse to even look at another option. If you’re actually seeking the best technology, Kaspa is obvious 🤝🫡
I honestly believe Kaspa is the only network that has managed to make Bitcoiners take another crypto seriously and that is ultimately because those Bitcoiners that do take Kaspa seriously understand Bitcoin.
You will find more Bitcoiners in Kaspa than any other network.
If you are a Bitcoiner, study Kaspa.
$KAS
Let me translate for VCs and crypto bros.
A pure L1 PoW is absorbing the entire crypto tech stack.
kaspa:native is doing what BTC + ETH + SOL do but better.
Kaspians you have to work on something. When someone makes a post like this about 90% of the comments are indirectly saying your dumb without even challenging the point being made.
He had a point here and it could be totally talked through with reason. You do realize when it comes to Kaspa everyone is marketing. So you have the power to turn someone complete off on acknowledging Kaspa or making them curious to help people learn.
One of Kaspas strong points is the abundance of community members who actually take time to try and learn how things work so that conversations never have to be personal but just talking about the facts.
Then again this is internet i know you will do whatever you want. Thanks for tuning into my rant. 😆
@Grayscale Definitely follow #Kaspa.
It's a proof of work protocol that's fair launched, programmable, decentralized, secure, AND scalable on base layer.
It's newer, but has a very strong community - I encourage you to look at $KAS objectively.
Looks like @Bitwise have got $KAS on their radar family 👀🔥
Ryan Ramussen, Bitwise Head of Research, just confirmed that $KAS is on his radar thanks to @realvijayk (legend💪)
I wonder if Matt Hougan, Bitwise Chief Investment Officer, shares the same sentiment...
Study $KAS, before Bitwise present it to these 400 wealth managers and they get their first