rlorb

why not?

[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

[rlorb @rlorb14]

That Nwog @I_Am_The_ICT thank you sir

[Physics In History @PhysInHistory]

If the proof is correct then no other recognition is needed.

- Grigori Perelman

[rlorb @rlorb14]

@warthognetwork Hi team, thanks for the update, just for guidance purposes, what would the preliminary plan be in case xeggex takes too long to reopen, or worst case scenario if xeggex does never reopen?

[rlorb @rlorb14]

@J3Charts Ty!!! Nice read... indeed helpful. Too much food for thought among these lines...

[rlorb @rlorb14]

Worth taking a good read at it… DYOR

[Warthog Network @warthognetwork]

$WART Browser Nodes ✌️

1. First &amp; only one in the crypto world. 🥇
2. More decentralization options. 😎
3. Private &amp; secure - want to privately check your balance? No problem. 🕵️
4. Easy to use &amp; straightforward. 🎯
5. Runs on smartphones. 🤳

[Warthog Network @warthognetwork]

Modern codebase. Open source. PoBW

#warthogcrypto $WART #innovativeblockchain #cryptosecurity #cryptocurrencies #BTC #mining #DOGE #Dogecoin #FridayVibes

[J³ @J3Charts]

🌐 This is my attempt to map out my vision of the market with the hope that it helps you understand more about how price moves and, in the process, allows you to see through the games.

_______________________________________________

Much has been made recently about manipulation in the market, particularly when it comes to $KAS. Let's find out why... 👇

🧵1/3
While I do acknowledge the concern and there is some underlying truth to these claims, its function is entirely misunderstood.

Although I've attempted to provide some relief posts that offer a broader perspective on crypto cycles that I would recommend you read if you haven't already 👉(https://t.co/2On2EOLCNw) & (https://t.co/GmXhYHoRdp), I've realized the only thing that will quell this fear is a deeper understanding of how things work 'behind the scenes'.

A lot of common industry terminology hinders the learning process IMO and so I'll stay away from that and keep things as relatable as possible. If I do this correctly, this should remain a long-time reference to use regardless of your personal preferences and/or goals.

So, before we can tackle manipulation, first we need to define a market and what it consists of. 👇

_______________________________________________

The Market 💹

For our purposes, simply see the market as a method to come to an always-evolving consensus on the value of an asset. This is seen as PA on the chart and participants use various methods to trade and gamble on what they believe is 'fair value'.

This is the game, and the driving force behind it all is money, often referred to as liquidity. 🪙 (For the remainder of this thread, I'll use this emoji when discussing liquidity to keep it simple. Money = Liquidity)

The Participants 👥

Most people usually say there are two types of 'money,' or participants, in a market: smart and dumb. In reality, there are five classes of investors. Realizing this is 🗝️ for understanding intricate price dynamics.

🔹 Dumb money: People with no regard for the inner workings of the market. No consideration for the different financial instruments in play, likely don't even know how to understand a chart. They'll usually buy via word of mouth, hold, hope number go up and, if not, capitulate quickly.

🔹 Retail: People who are aware but are unable. They know what they see but are incapable of navigating and analyzing resources to produce results. Usually move with the heard and believe their only way to make money is number go up.

🔹 Smart money: Traders who have a solid grasp of analyzing resources to find good risk-to-reward (RR) entries into the market but still tend to give a lot of money back. They realize the opportunity to make money is direction-neutral.

🔹 Elite: Traders who thoroughly understand market dynamics. Maximize RR and rarely give money back to the market. The best players before the game makers.

🔹 Power/Institutions: Organizations, or sometimes individuals, whose business it is to make money off the market. They have various legal and illegal methods to go about this.

▫️ Impact -- The lower 3 classes don't have the ability to move price in small numbers, they need to act en masse, unlike the Elites and Power. This is because it's their job to do so and they trade with huge positions against other entities doing the same, all trying to grab as much 🪙 out of the market everyday as possible.

**There are obviously caveats to this, as well as likely some overlap between groups. This is just a rough outline of the common types of money present and where it comes from, which will be important later.

_______________________________________________

Before we go on, please help me get this out to help as many people as possible by liking and reposting this first tweet. Thanks! 🙏

Comment 💬 Share ♻️ Like ❤️

[Warthog Network @warthognetwork]

- The code is #freshlywritten in #C++20 and is not a cheap fork of any other project.

#WART was started without any premined or reserved amount of coins on June 29, 2023. There is a classic halving-based emission - with halvings occurring every 3153600 blocks (every 2 years) ⛏

[Warthog Network @warthognetwork]

- #WART CORE wants people to comment on the security of the model (Draft https://t.co/LOPz4RdHzJ )
It is actually a bit complicated, but it is necessary. 🤟

Pumbaa &amp; Rafiki are actively working on the communication protocol to boost Shifus efforts. 🛠

[Shai (Deshe) Wyborski | Parallel Thoughts @DesheShai]

The $kas 10BPS testnet has been running smoothly for over 2 hours now. Even though we don't stress load transaction yet, some naughty participant decided to generate some anyway, whereby we are already witnessing more than 2000 TPS!

For the first time EVER a pure proof-of-work protocol has been carrying THOUSANDS of transactions per second across dozens (maybe hundreds) of network nodes, in a permissionless network, running on affordable hardware.

This is history in the making, and we are just getting started.

[Yonatan Sompolinsky @hashdag]

Kaspa Improvement Proposal #2
https://t.co/j9g2MQg7sd
(w/ @MichaelSuttonIL)

[Captain Nemo @NautilusWallet]

Here you go Ergonauts!

The Babble Box UI

@Ergo_Platform

[Shai (Deshe) Wyborski | Parallel Thoughts @DesheShai]

The $kas resources megathread. 🧵🧵🧵

In this ever growing thread I concentrate references to threads and articles which useful for anyone who wants to jump into Kaspa and GHOSTDAG. It is mostly meant to collect my own threads and posts, note entirely
$kas #fastestpow

[rlorb @rlorb14]

@MichaelSuttonIL @hashdag Congrats!

[Ori Newman @OriNewman]

I recommend you all to join the livestream of @hashdag's presentation of the revolutionary #DAGKNIGHT protocol, today at 8PM UTC
https://t.co/6oAyk0pYTe

[Shai (Deshe) Wyborski | Parallel Thoughts @DesheShai]

1/n On November 1st, the #dagknight protocol will finally be revealed in SECS22 Berkeley (https://t.co/2eaIM3o7XE). I think it is only appropriate to take the time to explain what makes DAGknight so exciting, and what it means for PoW in general and $kas in particular. 🧵

[Kaspa @kaspaunchained]

Kaspa is 100% community owned, fair-launched, with a strong community &amp; exciting development! Please check out our new community donated informational website which compliments our official website.

Official Site:https://t.co/qVpGbFTsZA
Community Site:https://t.co/8KlpjsOqnW

[CW @sigmanaut]

It feels like mid 2018.

Miners at the time helped build #Ethereum to where it is today and are now looking for the next value proposition. #Ergo is well positioned fundamentally.

Don't underestimate miners ability to delivery value.