Afaik, @kasplex didn't L2 over $kas. Calling it this way is just another of their dirty marketing stunts.
At best, Kasplex released a centralized service over Kaspa. A service that they completely control, and can censor and manipulate at will without leaking any proof of malfeasance.
Launching a network means, by definition, that people can run nodes. The nodes are the things that are supposed to be connected in a net so they can work together. They don't have to open-source their code for that. They can release binaries.
That's not fud, that's not speculation, it's a literal factual description of what's going on.
Allowing people to work with your unreleased servers is a legitimate stepping stone in (early) testing. But calling this a mainnet launch is intentional mislead of the highest degree, and it is kinda depressing to see how easily cope can be manipulated to make people swallow this up. This is exacerbated when you read the "future roadmap", and see no mention of releasing anything, closed or open source.
And you know what, let's assume for a moment that there isn't malfeasance here. Just incompetence. Do I really need to explain that it is a very bad idea to release node software after the network has launched? Transitioning from a centralized to a decentralized configuration in production? How can it be that they launched this way and no one demands to know how they plan to manage this transition???
The Kaspa community used to hold the highest standards, now they will praise any form of amateurish crap, because it "DeVElOpS THe eCOsYsTEM".
And this could be the death of Kaspa. Because outside the neat little turquoise echo-chamber, people don't really care to make a distinction between Kaplex/KEF and Kaspa (in part because they aggressively market themselves as Kaspa with virtually no pushback from the community). So the optics are that "the most decentralized network" launched an L2 that is completely controlled by a private company representing the interests of wealthy corporations without any transparency, reproach, or accountability. And you know what? They didn't even get it that wrong.
This is not just an optical aberration. This is what the community has let Kaspa become. This is what happens when a "community project" is sold off by the community to the first bidder. When conviction about uncompromising quality devolves to "well, at least they are doing something 🤷."
When the three wealthiest holders, with more than 10% of the supply, are in cahoots on these smoke and mirrors, this defeatist "we'll take anything at this point" mentality can very easily lead to a massive rug.
Be careful, and try to reach deep and remember what started all of this. Kaspa is an amazing tech. It has every chance to change everything. But over tech there are people, and people are greedy, confrontation-averse, and exploitable. If you don't push back against poorly executed promises of unrealistic capitulation, you'll end up as exit liquidity. If the community doesn't step up, Kaspa might not make it.
Team heads down working.
Once Rusty Spectre 0.3.17 is completed, privacy implementations begin.
Custom algorithm built off Kaspa code base.
Plans to adhere to Kaspa core consensus as much as it can (10 BPS implementations)
190k mc if you can pick through the order book on NonKYC.
I refuse to fade @SpectreNetwrk $SPR
When Ai sets the trends AND trades them…
Which memes will it notice?
Ones that we understand?
Or ones only it can understand?
10k mc with wise ones silently accumulating
Fade at your own risk $AIROT
CTcxXRe4XrWtvMmkpCruQiydvoY6T2qZjFoxwV9ypump
People - you have been gaslit - the market decline started with the Chinese Deepseek AI announcement - not Tariffs or inflation.
Why? Because the market structures have changed. It costs exponentially less to make more profit with these new technologies which cost way less than they were expected to cost. PE ratios and all other fundamentals are broken.
Stocks are overvalued - period.
The index strategy is over.
The mag 7 are being revalued.
Index based passive investment strategies will bleed off all year.
You not safe sitting in an index based stock portfolio - you fully exposed.
Pivot before you too late.
If you invested in AI infrastructure, crypto infrastructure and energy infrastructure you are prepared.
Exit index strategies. You have been warned.
0xE93D1847A49b31C9708da0B66A5dA78eb6B32611
Atlas on Eth touched 70k a little bit ago climbing up from 8k the last two days
The OG Sol Atlas moving too at 41k from 24k
D4n99BqHGvdL3ExyvdETV6Y4rWXkf2WwRxhaV1Epump
0xE93D1847A49b31C9708da0B66A5dA78eb6B32611
Atlas on Eth touched 70k a little bit ago climbing up from 8k the last two days
The OG Sol Atlas moving too at 41k from 24k
D4n99BqHGvdL3ExyvdETV6Y4rWXkf2WwRxhaV1Epump
There are two sides to this story.
On one hand, yeah sure, go for it, sick of value extraction.
On the other hand, there were TONS of meme coins which saw holders/teams profiting off of the likeness of DJT, which I personally think inspired the endeavor. If I knew people were making money off of my name, I would probably make an OFFICIAL one too.
But another fun fact: Trump issued his memecoin days before he was officially sworn in as sitting President. So, technically, this wouldn’t even apply to him lol.
Dems are so desperate it’s kind of hilarious.
There are two sides to this story.
On one hand, yeah sure, go for it, sick of value extraction.
On the other hand, there were TONS of meme coins which saw holders/teams profiting off of the likeness of DJT, which I personally think inspired the endeavor. If I knew people were making money off of my name, I would probably make an OFFICIAL one too.
But another fun fact: Trump issued his memecoin days before he was officially sworn in as sitting President. So, technically, this wouldn’t even apply to him lol.
Dems are so desperate it’s kind of hilarious.