Acı gerçek şu ki…
Barışçıl bir insan bile gerektiğinde şiddetin ne olduğunu bilmeli. Aksi halde sahip olduğu huzur, onu tehdit eden kişinin insafına kalır.
Miyamoto Musashi
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
CFBs answer about $KAS 10 BPS and how it is secure while the block delay is much smaller than the network latency.
He assumed that miners have to be synchronized on $KAS which they don‘t.
If you know you know.
IMO CFB is one of the brightest minds in crypto, so this statement should speak for itself.
Before you ask, yes I like $Qubic too ;)
Whenever you're in doubt about the near Crypto future, just remind yourself of a few things. It will help you stay calm whilst people around you flap and dribble their crypto through their weak hands:
1.) We are near the end of the yellow accumulation zone. Every cycle from this point is basically up for the next 2 years, other than a little dip just before or after the halving. Every bear market commences around 18 months after the halving and ALWAYS tops +/- 30 from 1st Dec. So the next bear market is most likely to begin Dec 2025/Jan 2026. And probably only a 50% crash then due to the much bigger market it will be by then.
2.) Institutions are imminently inbound. Spot ETFs etc. Retail market managed to peak MC at $2.8T! Imagine what institutions will do! $10T market cap is the absolute minimum in my opinion by Dec 2025. But to be safe, a rough range between $4.4T to $11.8T most likely won't be far off the mark... This is probably the last cycle as we know it as institutional money will flatten/smoothen the volatility of BTC. However, it will balloon blue chip crypto. Even more so the ones with good tokenomics. E.g. $BTC, $ETH, $KAS & $TAO etc...
3.) If Blackrock etc are now entering Crypto, don't you think Crypto is going to be around for a long time now? This simple announcement has just made Crypto a permanent global asset and massively de-risked your portfolio!
4.) 93.11% of BTC is now circulating and that emission curve is flattening fast. It's going to take another 117 years to get the remaining 6.89% of supply floating! So strap in for one of the biggest supply shocks human finance has ever seen with dwindling emissions and gargantuan capital inflows. None of this is new news. Bitcoin Jesus (@saylor) has been saying this for years now.
5.) Exchanges have dramatically less crypto now than they ever used to. I tip my hat to FTX! Always said that FTX blowing up was a GOOD thing for crypto... It helped everyone realise "Not your keys, not your crypto". To be honest, I'd also rather like it if Tether finally imploded and also Binance... This industry needs to shake off some old and big bad actors...
6.) You are still very early to the game. Just ask random people in the street if they own BTC. Very few will have. Now ask them if they store it in their own hard wallet. Even fewer will have. Then ask them if they own something like $KAS or $TAO or $DNX or $GFAL or $BEAM. It will be a resounding no!
7.) There is now much more awareness and acceptance of crypto now than during previous cycles. Retail is much more informed thanks to the internet. Especially due to the freedom of speech, uncensored digital town square which is X (Twitter). We have real time access to real news now. So switch off that TV with BBC and CNN etc. Those journalists are just trawling X for juicy articles anyway lol. As such, there are WAY more strong hands at play now. People are realising that this is the last cycle which they can front-run the Big Boys by getting in now.
8.) Despite things looking bullish, this cycle may not look like ones in the past. Certain sectors may just rocket. Gaming, proper Layer 1s which don't need bodge taped Layer 2s to function (e.g. $KAS makes every Layer 1 and 2 obsolete) and Real World Asset tokenisation and AI. I'd go as far as saying RWA tokenisation will do a Borg style assimilation of the entire real estate world over the next 10 years and more. It's just so archaic that it takes endless fees, middlemen and months to buy or sell a property! And it's so binary that you have to buy/sell all of a house or not. There's going to be a sweet spot where you can own like 26% of a house, have all the benefits of ownership and none of the drawbacks. This would unlock endless capital into Crypto.
9.) But I digress. Medium term looks rosy as my pink Asian cheeks when I drink alcohol! But short term, I wouldn't put it past Blackrock to orchestrate one more tree-shake just like we saw that coordinated FUD attack on crypto the other day. So stay strong folks, now is the time to just strap in and enjoy the ride till Dec 2025! Cheesy post over, hope it helps!
CZ stepping down and Binance being slapped on the wrist is a bullish thing folks...ignore the stupid knee-jerk sell off. The risk of SEC smackdown and doing real damage is over. They played their hand, now we can all move on.
Stay sensible out there guys.
I’m seeing “the next $KAS everywhere”
There will not be another $KAS anytime soon. Just a hype tactic to get their bags pumped.
#Kaspa has been built on 10+ years of research on scaling #BTC.
KASPA was fair launched, no VC dumpers and will soon be 10 bps.
A short convo between $sol founder and the $kas founder (before #kaspa existed)
what kaspa is doing is special
unfortunately most can’t tell the difference between “just good engineering” and ”scientific breakthrough”
The $KAS token has been ripping recently!
From what I’ve researched I think this might only be the start 👀 I think I’ve seen what might suggest this might ONLY be the start!!
I’ve dug deep to show you why this might be an absolutely MASSIVE opportunity!! 🔥🔥
Link below 👇👇
Account with $BTC in name and 2.2 mil followers talking about $KAS.
So far all my $KAS predictions hit:
People will sell other coins to acquire $KAS ✅
Big accounts will get behind $KAS ✅
$BTC maxis will flock into $KAS ✅
Biggest Cexes will list $KAS on their own (Binance is on it) ✅
$KAS will be top 10⏳
Yonatan,Aviv,Shai and Michael will be remembered in the cryptography community as what Newton,Einstein,Maxwell were to physics. $kas is winning the L1 competition hands down. Thank you!
🎉We hit 100,000 followers!🎉 What an awesome community we have! 🙏🏼Thanks to all who have shared, retweeted, commented and posted over the past 2 years!
We're just getting started!
#KaspaForce#CommunityCoin#Grassroots
When Satoshi Nakamoto disappeared, he said $btc is in good hands. Guess who devs he meant. Hint ,they researched the protocol from the day he left and for the next 10 years proposed many modifiactions to the protocol, but Maxis were to stupid to understand.