ととのうぅー

As a former BTC maxi: Bitcoin is still #1 for me. But I put Kaspa in the same tier because it’s the closest thing I’ve seen to “Bitcoin energy” in a modern network: PoW, fast confirmations, real throughput, research-backed design, and no endless roadmaps that never ship. (1/2)

When the price of $KAS goes down, there's only one thing I think: If it was this price, I could have bought more $KAS! I want to buy $KAS now!😂 #kaspa

@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. <> 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

I've been seeing a lot of posts here lately from $BTC maxis like @realvijayk openly admitting that they've started studying $KAS, despite having dismissed Kaspa as a "scam" not too long ago. I admire people who have not yet discovered Bitcoin and Kaspa for themselves, because the moment when you understand the explosive power of these technologies can hardly be compared to anything else. My journey also started with Bitcoin and back in 2017, I bought and read every single book that was available to study this new technology. I was fascinated because it was aligning totally with my values of liberty. For the first time in the history of mankind, this online currency without middlemen existed. This was huge. Especially if you study the monetary system as well and realize how broken it is. The Austrian School of Economics helped me a lot in this manner and to appreciate the fixed supply of 21 Million Bitcoins. For many years, I believed that Bitcoin would solve the problems and sooner or later replace the failing fiat money (which could simply be created out of thin air). But unfortunately, that was a mistake. People don't want money that feels like they have to wait forever for a transaction confirmation. Money that only allows around 5 transactions per second is also not suitable for widespread adoption. I can already hear a lot of die-hard bitcoin-maxis shouting: "What are you talking about? Have you never heard of Lightning?" The answer is: Yes, I have, and I have also studied Lightning intensively. In my opinion, Lightning leads to a kind of banking system 2.0, where users become dependent on larger custodian providers that can be censored and attacked again by central authorities. And here we are again with the middleman problem that we thought we had solved with Bitcoin. Instead, a complicated layer-2 architecture is being created, which brings with it many new problems but is not very user-friendly. "If only there was a solution that was both decentralized and secure on layer 1, as well as scalable and fast," I thought to myself. "But please not a disguised proof-of-stake solution that leads to centralization and insecurity! Instead, something like Bitcoin on a proof-of-work basis with a capped money supply!" It took a while before a friend who works in the mining business drew my attention for the first time to a project that I should take a look at: it's called Kaspa, which means "silver" or "money" in Aramaic. Because I respect this entrepreneur very much and think a lot of his assessment, I took the trouble to take a closer look at the Kaspa open source project. I was confronted with the claim that Kaspa has actually been able to solve the blockchain trilemma. I thought to myself: "That can't be true! What's the catch? There must be a catch!" I wanted to find it, I dug deep for several years... But I haven't found it yet. I have regular discussions with Bitcoin maximalists and have asked them to help me find something. But nothing fundamental has emerged. No errors in the code, no incorrect architecture, nothing that could have indicated foreseeable failure. Like Bitcoin, Kaspa is "proof-of-work", has a fixed money supply of 28.7 billion KAS and is mined by decentralized miners. But Kaspa is not only secure and decentralized, it is also extremely fast. In fact, it is the fastest cryptocurrency in existence. And to my knowledge, it is also the cryptocurrency with the largest transaction volume per day measured to date. As a Freedom-Maxi I realized that I had stumbled upon something that both fascinated and inspired me. I got to grips with the developers, with their story, with all the technical aspects - as best I could. Disclaimer: I don't have a developer background. I am an economist and head of the think tank Liberales Institut (@lib_inst) in Switzerland. As I said, I read every possible book you could get on the subject of Bitcoin and crypto in 2017. But I humbly admit that I can't verify every last technical detail myself (as well as in Bitcoin). But what I was able to check made perfect sense to me. Like Bitcoin, Kaspa is an open source project and can be checked by everyone. I can only encourage everyone to do so. That's why I've started talking about Kaspa publicly, posting about it, drawing people's attention to it. Not to push it as an investment like many Bitcoiners do now. But because in my opinion, Kaspa is by far the most advanced cryptocurrency in existence. A technological milestone. Not a revolution, but an evolution that emerged from Bitcoin. So it's not surprising that many in the Kaspa community are former Bitcoin maximalists. I have now packed all these insights into an exciting story: a dystopian future novel set in the year 2048. During the story, it is explained in layman's terms what Bitcoin and Kaspa are - and how they can help to be better money for a freer world. I hope that you like it. The novel is now available in German as a book, e-book and audiobook: libinst.ch/product/befrei… If anyone knows someone who would like to translate this book into English and publish it, I would be very grateful if you could put us in contact with each other.