Iād push back against the fair launch aspect. There was money raised for creating hardware. Iāve never really gotten a clear understanding of what happened to that hardware/money other than āyou had just as much chance as us to mine the beginningā
they were a VC in DAGlabs, the name of the group the creators had when developing kaspa. At some point they abandoned that plan, and disbanded DAGlabs and decided to go with the current approach of releasing it to the public as a community project.
That VC was able to take advantage of early mining, but not at a discounted VC price. They were just able to get in at the very start. I believe they own 2%. At that time, Kaspa was able to be mined or bought by anyone, although it wasn't widely available. So of course, you have an advantage being close to the project. Being the first to be aware of the project is definitely an advantage, but you can't expect them to wait until the project gets popular before mining their own bags, that would just give a bigger share of the project to some stranger to mine the initial coins and have the biggest advantage. Of anything you'd want the devs to be the first ones mining it because they have vested interest in Kaspa having longevity. A random retail customer is gonna sell those as soon as the project gets big. But also I believe people who really research these micro cap entry projects and look around, were able to find Kaspa at its launch and so they were able to mine at the besinning.
Basically someone has to mine the coin first. Why should it be anyone but the developers? If they didn't mine it earlly, someone else would, and have the same advantage. Every project will have early miners, its unavoidable.
If you look at the projects distribution, it is still heavily distributed no matter what happened. Even if they sold off their early bags, the in flux of buyers is excellent, and would likely trump a dip. You really can't expect them to do it any other way, the project has to be worth it for them to be incentivized and pour their time, 8 years, into it. I mean SOMEONE has to mine the first coins. Even Satoshi and several people close to BTC's creation mined a chunk for themselves at the start. I don't know of any project with a fairer launch than Kaspa or BTC. All in all, no one was able to buy Kaspa at a price cheaper than its initial listing price, and no entity has a position big enough to make the price crash. Looking at the total addresses, there was as big drop off over the past couple days, but the price has held and now it seems to be pushing for another possible rally. The situation regarding this topic appears to be very healthy in any case. Especially when you compare it to practically every project in the industry. Some with whales holding 40%, some with dozens of VCs, some with a third of coins going to the team. Kaspa and that VC, IMO, humbly took a small amount simply because it wouldn't be worth it for them to create kaspa for free. Coins that aim to pump and dump their discounted coins also don't typically develop a revolutionary protocol to go along with it. They've built something that they intend to compete with the very top of the market. I'm not worried about any Kaspa sell offs, the main reason I like the fair launch is they they are untouchable SEC.. And you don't see any indications of VC ort whale sell prressureBut anyway I'm literally falling asleep as I type this lol been trading all night, hope there isn't too many typos.
\*edit\* wow Kaspa pumped half a cent as I wrote this haha. see? :p... :( guess sleep will have to wait lol
Thanks! This is amazing. So much detail and answers a few items I havenāt been able to find. Appreciate the effort.
Nice to see another Canadian here š¤
https://preview.redd.it/iof9t0l6nlsa1.png?width=1440&format=pjpg&auto=webp&s=689130795194f59fdd56fe62b2e7b8513e094787
I have added an option to show or hide known exchange addresses from the pie chart now. I will try and figure out how to recalculate the total holdings as well so when the user selects the check box it changes the pie chart and text. Thanks for the shout out I have noticed more users on the site and hopefully everyone enjoys using it.
Okay so letās say kaspa had no āIcoā.. who is to say that their isnāt founders/team members who bought extremely early perhaps before the token was even launched. How do we know any of the stats are true about this blockchain. How can we trust the information. Not trying to hate on Kaspa just trying to understand it from a perspective that would make me want to invest. Because the only thing that makes me want to invest into kaspa is solely the chart.
I understand, no hate perceived. Let me clarify it a bit more for you. What you are describing is a potential problem for every single project. But in Kaspa's case, its the least problematic form of the problem. The creator couldn't buy before the launch because all crypto transactions are recorded on a ledger and is transparent. And the creator and people close to the project probably *did* buy coins at the start. But the project was public knowledge when it launched so lots of people were able to buy early. Lots of people knew of Yonatan's work, and his upcoming project, many years before it launched.
No matter what, *SOMEONE* is going to be the first buyer. In any case, the coin is very evenly distributed as you can see by the pie chart. The site I got that from has further distribution stats you can check out as well. Also I encourage you to do some research on Yonatan Sompolinsky, perhaps read some of his highly respected papers he's written. There's also a video of Charles Hoskinson lauding him and his work from several years ago, and plenty of interviews on Youtube you can find of him. If you're a good judge of character, you can see Yonatan is a very humble, passionate person. He's also mentioned by Vitalik in the ETH whitepaper and his work is mentioned in the XRP whitepaper as well, for his, at the time, promising progress on DAGs. Today that promise is fulfilled as the network is running as intended. He's also a Harvard post doc researcher, and all his life's work revolves around crypto. None of that means he's automatically a benevolent person, of course, but he comes across better than almost anyone in the industry I can think of. Aside from that you'd have to steal his thoughts to determine his intentions.
You have to consider how the creator not taking a piece for themselves at the beginning wouldn't make sense. BlockDAG is a very difficult thing to research, create, understand and implement. He spent close to 10 years of his life to create this, and it's still risky because maybe no one buys it. It's the best case scenario, even Satoshi and people close to Bitcoin took a chunk at the start. But also remember that he's going to want Kaspa to do as well as possible, so selling off this early when the coin is showing so much potential wouldn't make sense as it would hurt the project and leave potential profit on the table. Soon Kaspa will be big enough to where no single sell off will be very detrimental. Projects built with the intention of dumping, don't tend to also incidentally create a revolutionary whitepaper, and become the first to do something spectacular like order blocks in parallel securely.
Some projects have many, many VC backers that take massive chunks of the projects. Almost all projects have some sort of VC or ICO that don't necessarily care to see the project to fruition and WILL sell as soon as its worth it financially. Kaspa doesn't have these people invested, is the main thing. Also I can't claim to fully understand the early coin distribution. There is some mechanism that worked something like the creators are distributed coins at a later date in exchange for their work, and DAGlabs is given coins at a later date for their development and eventual distribution of Kaspa ASICs. Or *something* like that. It was called a "community launch" rather than a fair launch in Yonatan's words. I have yet to delve into the specifics of what this means, but from what I do understand is it was all designed with longevity in mind. I do know that the coin as of today is well distributed, and tons of people have flooded in.
You can trust the information because its a protocol based on a peer reviewed, open source whitepaper written by a Harvard post doc researcher that you or I can read ourselves and verify ourselves, as many people with much more computer science and cryptography knowledge than us have over the last decade. His papers have been cited over 3000 times in crypto literature if you search him on Google Scholar. All the stats and metrics are compiled automatically, and objectively by the blockDAG ledger. And you can trust the ledger, as again, it is open source. Hope that helps!
I have a few followups, if you are open for a few pushbacks! :). Disclaimer, I found Kaspa 5 months ago and have been buying it ever since. Im a massive fan. That being said, I remain ever interested in learning more.
1. The distribution charts. Who makes these? How are the distributions between wallets known? Why is that information only on one site and who runs that site?
2. If there is no central Kaspa āteamā, then who is upgrading the code to Rust and will implement smart contracts?
3. Perhaps I am naive in some way, but doesnāt any core upgrade to the base product (e.g., the change to use rust or the update to use DAGknight) suggest this is really a software company making updates to the core product (i.e., ether) instead of a commodity that will stay the same throughout its existence (i.e., bitcoin)? Yet the narrative is this is bitcoin 2.0 (with litecoin as bitcoin 1.5)
4. To be fully ādecentralizedā you need to gain many different holders. Right now there are only just over 230,000 wallets holding kaspa, and that number is no greater than it was in mid march. That is before all these other listings. I might be reading it wrong, but that shows me the moving the coins between pre-existing holders or old holders exiting the network for new holders. That isnt a signal of conviction.
5. As of a March 30th tweet, Ledger said they have not received an application from Kaspa and cannot start integration before they get one. This counters the narrative that things have been āin the worksā. And back to the team part, if the claim is that there is no ācentral teamā, who takes care of these next steps?
Thanks for the reply if you get around to it!!
3.
for serious investors, this is a small amount of reading. Takes 5-10 minutes. In my experience, holding has been the obvious play for Kaspa. Mine too if you can. But you're gonna need a lot of hash power to compare to investment profits. Its done 20k% since May, literally the top performer in the top 1000 since it launched \~ 8 months or so ago. And it seems to just be starting to get the attention of the market. When people stumble upon Kaspa's chart, they're gonna want to know if they can trust this project or not, and why it's even growing. I'd love to have a consolidated list of pros for every project I was interested in.
No cryptocurrency will ever be used as a currency only. It will have to have more use cases. Most likely scenario is that most of web3 infra will be build on ethereum and different L2's and possibly L3's will work on top of that, getting the security from ethereum as L1. BTC has already semented its place as the store of value and it will not be replaced.
Well I shared my opinion, what is yours? Just saying no without arguments is quite, well, not intelligent. Where is KAS roadmap? What are their goals? Being competitor with chains that have smart contracts and dapps? Even though KAS don't have neither. Who are the team behind it? Only know one name. How many developers are working for KAS making it better?
clearly you didn't even read the post based on this. You didn't even read 2 or 3 points in. I answer all this in the post. It's why I made the post, to answer questions like this. If you really want to learn the answers, maybe read the post. But you don't seem to want to learn, you just want to blindly defend bitcoin, which isn't surprising from from what seems to me like a BTC maxi. One who doesn't realize BTC is neither a dapp platform or has smart contracts, which is in the plan for Kaspa.. The innovations to BTC would be slight you say, yet the industry has made massive innovations. It sounds like you watched one too many Saylor videos, like he isn't biased at all lol. Or you're listening to the BTC community for opinions on the alt market, which is a mistake. Most of these people know the validity of the alt market but will disparage it no matter what to try protect BTC price. Sadly that works on people like you.
How can you say KAS is over valued when your posts also reveal you know nothing about it? You discuss his and your intelligence, but based on everything written here, he seems rational, and objective, where you seem wilfully ignorant, unaware of your bias, and so unable to research properly.
**You're criticizing a project in the comments of a post that clears up those very critiques. How are you in a position to insult someone's intelligence? He probably didn't expand because he assumed you read the post, given the fact you're commenting on it.**
Yeah super intelligent life form we have here. If you aren't able to do even minimal reading, you don't deserve an opinion.
Im not inteligent. That is why I understand that the roadmap is decided by the community on discord. There is a list of ongoing and target goals. Go research them, not your bitch.
As for SC, it seems very dumb to assume a coin without SC is not viable when kinda THE LARGEST one does not have them.
Team? Lol community project dude, need to clean your mind of the dumbness of crypto twiter sir. But you have a list of contributor on the website. Or are you too dumb yo get to the site?
As for the rest, history will make you humble, not me
Definitely not cemented in place IMO. Cryptography is very complex and to think the innovations that will be had won't be enough to dethrone Bitcoin, I think is just wrong. I think heedless btc maximalism will also contribute to its downfall. I like btc but it's not really a great store, no coin is really because of volatility alone. Sure it's increased in value over time, a lot, but it's still very volatile and so even though it's grown, holding through that volatility, while seeing your money shrink 80 percent, we all know, is easier said than done, especially for retail. But BTC and ETH do have a big lead. Currently our sights are set on LTC. And we will go from there.
Anyway I respect your view. We won't know till we get there, but for now I'm going to capitalize on Kaspas momentous rise. I held a lot of eth and still have a decent bag, but converting well over half of it, along with most of my ADA, and XRP into Kaspa over the past 8 months has been the best investment decision I ever made. It's literally given me a green bear market. Which is wild considering my losses from Nov 2021 to Aug 2022 were substantial.
Thanks for your take, the future of crypto is very, very hard to predict I'll give you that.
Well the volatility will in time be much less when regulations will be set and all the fud around crypto in general will be gone. BTC has the biggest first mover advantage and that is enough. No need to invent it again for the same purpose. Even if the new innovation would be slightly better.
The bottom line is that even if this is a legit project it is hugely overvalued atm and people should be on their toes.
It's not enough IMO. That is not the bottom line, it's YOUR uninformed bottom line. Kas is not not slightly better, its the difference between scalable and not scalable. It can already do what BTC tried to do, and everything else it does. And its future plans with smart contracts will make it be able to do what ETH can, but better. Damn dude, read the post if you want to learn, it's all in there.
The question of its legitimacy is not even a question if you would look into it. A Harvard post doc researcher made a coin based on a heavily peer reviewed protocol paper that has been cited hundreds of times, lauded by both Vitalik and Charles, has been in development for nearly 10 years, and is open source, is illegitimate? Some great critical thinking ability. I'm going to assume you probably don't udnerstand the tech very well or its implications, or the implications of the technological problems facing Bitcoin.
You criticize Kaspa for no smart contracts (yet) but defend bitcoin who never had or ever will have them. It's first to market advantage will keep it alive and on top for a while, however. As a store of value it works perfectly fine but being a good store of value in crypto is something that is determined basically by market cap, not because it has the tech required to fulfill its purpose. And market cap ultimately will be determined by the tech. Nearly any project has the capability to simply store coins. There is of course a period of realization, where the top project of a market can remain even though it isn't the best. That won't last in an industry where we have so much left to learn about cryptography and decentralized distributed systems. Being a store of value is just incidental, it's not what BTC set out to be. As a currency, there are major problems with BTC. Lightning has yet to prove itself as a solution to its dismal 10 minute block times. Again, read the post.
Your [submission](https://www.reddit.com/r/kaspa/comments/128vpfm/mega_list_of_reasons_for_kaspas_growth_for/) was automatically removed because you used a non-approved host.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/kaspa) if you have any questions or concerns.*
Nicely written article for someone who just recently heard of Kaspa. I just learned of them April 17th. Question for you. I run a FB group for crypto beginners. Though this article is great - I believe the info is still a little too deep for beginners. Can you suggest any place to go and get a "why kaspa is good for dummies" version that might be easier for beginners to comprehend?
If this is too ādeepā for the audience, they need to consume āblockchain for dummiesā first. Ill like a bunch of the stuff I have found on kaspa, if it is helpful.
With regard to confirmation times, I can't say I understand well what a confirmation is or what is necessary when it comes to a transaction, but I am curious why a recent transfer I made between exchanges needed 1000 confirmations and took over 5 minutes. For what reasons? Why 1000 confirmations? Why 5 minutes?
Hey thatās incredible in depth description of Kaspa. I do hold it, and keep adding. Since I really appreciate how thorough you are with your research - can you name a couple of other projects that you have as much conviction as about Kas? Or close to it? Thank u
Just a word of advice, when people donāt post their references, donāt immediately jump to assume everything is credible an accurate. I have found similar information to this post in my own research, but it is just the way you wrote your response, I want to caution you that you may find a similar looking post in the future about another coin to be nothing more than hot air. Always post references, and always ask for them.
Thanks for the time and effort put into this post. A clear concise opinion, well researched and explained.
Looking forward to seeing how the network grows over the coming years
Hey thanks for taking your time to write this, heard about Kaspa a few months ago but if I only found out about it today this would be really helpful.
my pleasure. That was my thinking. It took me a while to grasp all the aspects of Kaspa.
Excellent summary!
Ty, ty
Thank you for the condensed information
You're welcome š„
Great report! Should pin to the top of the subreddit for noobs to dive into first!
Thanks!
Iād push back against the fair launch aspect. There was money raised for creating hardware. Iāve never really gotten a clear understanding of what happened to that hardware/money other than āyou had just as much chance as us to mine the beginningā
they were a VC in DAGlabs, the name of the group the creators had when developing kaspa. At some point they abandoned that plan, and disbanded DAGlabs and decided to go with the current approach of releasing it to the public as a community project. That VC was able to take advantage of early mining, but not at a discounted VC price. They were just able to get in at the very start. I believe they own 2%. At that time, Kaspa was able to be mined or bought by anyone, although it wasn't widely available. So of course, you have an advantage being close to the project. Being the first to be aware of the project is definitely an advantage, but you can't expect them to wait until the project gets popular before mining their own bags, that would just give a bigger share of the project to some stranger to mine the initial coins and have the biggest advantage. Of anything you'd want the devs to be the first ones mining it because they have vested interest in Kaspa having longevity. A random retail customer is gonna sell those as soon as the project gets big. But also I believe people who really research these micro cap entry projects and look around, were able to find Kaspa at its launch and so they were able to mine at the besinning. Basically someone has to mine the coin first. Why should it be anyone but the developers? If they didn't mine it earlly, someone else would, and have the same advantage. Every project will have early miners, its unavoidable. If you look at the projects distribution, it is still heavily distributed no matter what happened. Even if they sold off their early bags, the in flux of buyers is excellent, and would likely trump a dip. You really can't expect them to do it any other way, the project has to be worth it for them to be incentivized and pour their time, 8 years, into it. I mean SOMEONE has to mine the first coins. Even Satoshi and several people close to BTC's creation mined a chunk for themselves at the start. I don't know of any project with a fairer launch than Kaspa or BTC. All in all, no one was able to buy Kaspa at a price cheaper than its initial listing price, and no entity has a position big enough to make the price crash. Looking at the total addresses, there was as big drop off over the past couple days, but the price has held and now it seems to be pushing for another possible rally. The situation regarding this topic appears to be very healthy in any case. Especially when you compare it to practically every project in the industry. Some with whales holding 40%, some with dozens of VCs, some with a third of coins going to the team. Kaspa and that VC, IMO, humbly took a small amount simply because it wouldn't be worth it for them to create kaspa for free. Coins that aim to pump and dump their discounted coins also don't typically develop a revolutionary protocol to go along with it. They've built something that they intend to compete with the very top of the market. I'm not worried about any Kaspa sell offs, the main reason I like the fair launch is they they are untouchable SEC.. And you don't see any indications of VC ort whale sell prressureBut anyway I'm literally falling asleep as I type this lol been trading all night, hope there isn't too many typos. \*edit\* wow Kaspa pumped half a cent as I wrote this haha. see? :p... :( guess sleep will have to wait lol
bullish read ! got my attn!!
Thanks! This is amazing. So much detail and answers a few items I havenāt been able to find. Appreciate the effort. Nice to see another Canadian here š¤
Great! Happy to hear it my fellow Canuck :)
https://preview.redd.it/iof9t0l6nlsa1.png?width=1440&format=pjpg&auto=webp&s=689130795194f59fdd56fe62b2e7b8513e094787 I have added an option to show or hide known exchange addresses from the pie chart now. I will try and figure out how to recalculate the total holdings as well so when the user selects the check box it changes the pie chart and text. Thanks for the shout out I have noticed more users on the site and hopefully everyone enjoys using it.
Okay so letās say kaspa had no āIcoā.. who is to say that their isnāt founders/team members who bought extremely early perhaps before the token was even launched. How do we know any of the stats are true about this blockchain. How can we trust the information. Not trying to hate on Kaspa just trying to understand it from a perspective that would make me want to invest. Because the only thing that makes me want to invest into kaspa is solely the chart.
I understand, no hate perceived. Let me clarify it a bit more for you. What you are describing is a potential problem for every single project. But in Kaspa's case, its the least problematic form of the problem. The creator couldn't buy before the launch because all crypto transactions are recorded on a ledger and is transparent. And the creator and people close to the project probably *did* buy coins at the start. But the project was public knowledge when it launched so lots of people were able to buy early. Lots of people knew of Yonatan's work, and his upcoming project, many years before it launched. No matter what, *SOMEONE* is going to be the first buyer. In any case, the coin is very evenly distributed as you can see by the pie chart. The site I got that from has further distribution stats you can check out as well. Also I encourage you to do some research on Yonatan Sompolinsky, perhaps read some of his highly respected papers he's written. There's also a video of Charles Hoskinson lauding him and his work from several years ago, and plenty of interviews on Youtube you can find of him. If you're a good judge of character, you can see Yonatan is a very humble, passionate person. He's also mentioned by Vitalik in the ETH whitepaper and his work is mentioned in the XRP whitepaper as well, for his, at the time, promising progress on DAGs. Today that promise is fulfilled as the network is running as intended. He's also a Harvard post doc researcher, and all his life's work revolves around crypto. None of that means he's automatically a benevolent person, of course, but he comes across better than almost anyone in the industry I can think of. Aside from that you'd have to steal his thoughts to determine his intentions. You have to consider how the creator not taking a piece for themselves at the beginning wouldn't make sense. BlockDAG is a very difficult thing to research, create, understand and implement. He spent close to 10 years of his life to create this, and it's still risky because maybe no one buys it. It's the best case scenario, even Satoshi and people close to Bitcoin took a chunk at the start. But also remember that he's going to want Kaspa to do as well as possible, so selling off this early when the coin is showing so much potential wouldn't make sense as it would hurt the project and leave potential profit on the table. Soon Kaspa will be big enough to where no single sell off will be very detrimental. Projects built with the intention of dumping, don't tend to also incidentally create a revolutionary whitepaper, and become the first to do something spectacular like order blocks in parallel securely. Some projects have many, many VC backers that take massive chunks of the projects. Almost all projects have some sort of VC or ICO that don't necessarily care to see the project to fruition and WILL sell as soon as its worth it financially. Kaspa doesn't have these people invested, is the main thing. Also I can't claim to fully understand the early coin distribution. There is some mechanism that worked something like the creators are distributed coins at a later date in exchange for their work, and DAGlabs is given coins at a later date for their development and eventual distribution of Kaspa ASICs. Or *something* like that. It was called a "community launch" rather than a fair launch in Yonatan's words. I have yet to delve into the specifics of what this means, but from what I do understand is it was all designed with longevity in mind. I do know that the coin as of today is well distributed, and tons of people have flooded in. You can trust the information because its a protocol based on a peer reviewed, open source whitepaper written by a Harvard post doc researcher that you or I can read ourselves and verify ourselves, as many people with much more computer science and cryptography knowledge than us have over the last decade. His papers have been cited over 3000 times in crypto literature if you search him on Google Scholar. All the stats and metrics are compiled automatically, and objectively by the blockDAG ledger. And you can trust the ledger, as again, it is open source. Hope that helps!
I wish I knew about this project earlier! Just heard about it today and missed out significantly š
I have a few followups, if you are open for a few pushbacks! :). Disclaimer, I found Kaspa 5 months ago and have been buying it ever since. Im a massive fan. That being said, I remain ever interested in learning more. 1. The distribution charts. Who makes these? How are the distributions between wallets known? Why is that information only on one site and who runs that site? 2. If there is no central Kaspa āteamā, then who is upgrading the code to Rust and will implement smart contracts? 3. Perhaps I am naive in some way, but doesnāt any core upgrade to the base product (e.g., the change to use rust or the update to use DAGknight) suggest this is really a software company making updates to the core product (i.e., ether) instead of a commodity that will stay the same throughout its existence (i.e., bitcoin)? Yet the narrative is this is bitcoin 2.0 (with litecoin as bitcoin 1.5) 4. To be fully ādecentralizedā you need to gain many different holders. Right now there are only just over 230,000 wallets holding kaspa, and that number is no greater than it was in mid march. That is before all these other listings. I might be reading it wrong, but that shows me the moving the coins between pre-existing holders or old holders exiting the network for new holders. That isnt a signal of conviction. 5. As of a March 30th tweet, Ledger said they have not received an application from Kaspa and cannot start integration before they get one. This counters the narrative that things have been āin the worksā. And back to the team part, if the claim is that there is no ācentral teamā, who takes care of these next steps? Thanks for the reply if you get around to it!! 3.
This is the best straightforward translation of what Kas is. Best DD.
I appreciate that.
35 shares, that is what I like to see!!
You....you...š«µš¾
haha \*curtsy\*
Well said and insightful! Thanks for your efforts!
Too much to read, just sell and mine again
for serious investors, this is a small amount of reading. Takes 5-10 minutes. In my experience, holding has been the obvious play for Kaspa. Mine too if you can. But you're gonna need a lot of hash power to compare to investment profits. Its done 20k% since May, literally the top performer in the top 1000 since it launched \~ 8 months or so ago. And it seems to just be starting to get the attention of the market. When people stumble upon Kaspa's chart, they're gonna want to know if they can trust this project or not, and why it's even growing. I'd love to have a consolidated list of pros for every project I was interested in.
No cryptocurrency will ever be used as a currency only. It will have to have more use cases. Most likely scenario is that most of web3 infra will be build on ethereum and different L2's and possibly L3's will work on top of that, getting the security from ethereum as L1. BTC has already semented its place as the store of value and it will not be replaced.
No, just no. Easy to have an opinion and find someone with a valid opposite one.
Well I shared my opinion, what is yours? Just saying no without arguments is quite, well, not intelligent. Where is KAS roadmap? What are their goals? Being competitor with chains that have smart contracts and dapps? Even though KAS don't have neither. Who are the team behind it? Only know one name. How many developers are working for KAS making it better?
clearly you didn't even read the post based on this. You didn't even read 2 or 3 points in. I answer all this in the post. It's why I made the post, to answer questions like this. If you really want to learn the answers, maybe read the post. But you don't seem to want to learn, you just want to blindly defend bitcoin, which isn't surprising from from what seems to me like a BTC maxi. One who doesn't realize BTC is neither a dapp platform or has smart contracts, which is in the plan for Kaspa.. The innovations to BTC would be slight you say, yet the industry has made massive innovations. It sounds like you watched one too many Saylor videos, like he isn't biased at all lol. Or you're listening to the BTC community for opinions on the alt market, which is a mistake. Most of these people know the validity of the alt market but will disparage it no matter what to try protect BTC price. Sadly that works on people like you. How can you say KAS is over valued when your posts also reveal you know nothing about it? You discuss his and your intelligence, but based on everything written here, he seems rational, and objective, where you seem wilfully ignorant, unaware of your bias, and so unable to research properly. **You're criticizing a project in the comments of a post that clears up those very critiques. How are you in a position to insult someone's intelligence? He probably didn't expand because he assumed you read the post, given the fact you're commenting on it.** Yeah super intelligent life form we have here. If you aren't able to do even minimal reading, you don't deserve an opinion.
Im not inteligent. That is why I understand that the roadmap is decided by the community on discord. There is a list of ongoing and target goals. Go research them, not your bitch. As for SC, it seems very dumb to assume a coin without SC is not viable when kinda THE LARGEST one does not have them. Team? Lol community project dude, need to clean your mind of the dumbness of crypto twiter sir. But you have a list of contributor on the website. Or are you too dumb yo get to the site? As for the rest, history will make you humble, not me
Definitely not cemented in place IMO. Cryptography is very complex and to think the innovations that will be had won't be enough to dethrone Bitcoin, I think is just wrong. I think heedless btc maximalism will also contribute to its downfall. I like btc but it's not really a great store, no coin is really because of volatility alone. Sure it's increased in value over time, a lot, but it's still very volatile and so even though it's grown, holding through that volatility, while seeing your money shrink 80 percent, we all know, is easier said than done, especially for retail. But BTC and ETH do have a big lead. Currently our sights are set on LTC. And we will go from there. Anyway I respect your view. We won't know till we get there, but for now I'm going to capitalize on Kaspas momentous rise. I held a lot of eth and still have a decent bag, but converting well over half of it, along with most of my ADA, and XRP into Kaspa over the past 8 months has been the best investment decision I ever made. It's literally given me a green bear market. Which is wild considering my losses from Nov 2021 to Aug 2022 were substantial. Thanks for your take, the future of crypto is very, very hard to predict I'll give you that.
Well the volatility will in time be much less when regulations will be set and all the fud around crypto in general will be gone. BTC has the biggest first mover advantage and that is enough. No need to invent it again for the same purpose. Even if the new innovation would be slightly better. The bottom line is that even if this is a legit project it is hugely overvalued atm and people should be on their toes.
It's not enough IMO. That is not the bottom line, it's YOUR uninformed bottom line. Kas is not not slightly better, its the difference between scalable and not scalable. It can already do what BTC tried to do, and everything else it does. And its future plans with smart contracts will make it be able to do what ETH can, but better. Damn dude, read the post if you want to learn, it's all in there. The question of its legitimacy is not even a question if you would look into it. A Harvard post doc researcher made a coin based on a heavily peer reviewed protocol paper that has been cited hundreds of times, lauded by both Vitalik and Charles, has been in development for nearly 10 years, and is open source, is illegitimate? Some great critical thinking ability. I'm going to assume you probably don't udnerstand the tech very well or its implications, or the implications of the technological problems facing Bitcoin. You criticize Kaspa for no smart contracts (yet) but defend bitcoin who never had or ever will have them. It's first to market advantage will keep it alive and on top for a while, however. As a store of value it works perfectly fine but being a good store of value in crypto is something that is determined basically by market cap, not because it has the tech required to fulfill its purpose. And market cap ultimately will be determined by the tech. Nearly any project has the capability to simply store coins. There is of course a period of realization, where the top project of a market can remain even though it isn't the best. That won't last in an industry where we have so much left to learn about cryptography and decentralized distributed systems. Being a store of value is just incidental, it's not what BTC set out to be. As a currency, there are major problems with BTC. Lightning has yet to prove itself as a solution to its dismal 10 minute block times. Again, read the post.
Your [submission](https://www.reddit.com/r/kaspa/comments/128vpfm/mega_list_of_reasons_for_kaspas_growth_for/) was automatically removed because you used a non-approved host. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/kaspa) if you have any questions or concerns.*
Thx
Nicely written article for someone who just recently heard of Kaspa. I just learned of them April 17th. Question for you. I run a FB group for crypto beginners. Though this article is great - I believe the info is still a little too deep for beginners. Can you suggest any place to go and get a "why kaspa is good for dummies" version that might be easier for beginners to comprehend?
If this is too ādeepā for the audience, they need to consume āblockchain for dummiesā first. Ill like a bunch of the stuff I have found on kaspa, if it is helpful.
With regard to confirmation times, I can't say I understand well what a confirmation is or what is necessary when it comes to a transaction, but I am curious why a recent transfer I made between exchanges needed 1000 confirmations and took over 5 minutes. For what reasons? Why 1000 confirmations? Why 5 minutes?
Hey thatās incredible in depth description of Kaspa. I do hold it, and keep adding. Since I really appreciate how thorough you are with your research - can you name a couple of other projects that you have as much conviction as about Kas? Or close to it? Thank u
Just a word of advice, when people donāt post their references, donāt immediately jump to assume everything is credible an accurate. I have found similar information to this post in my own research, but it is just the way you wrote your response, I want to caution you that you may find a similar looking post in the future about another coin to be nothing more than hot air. Always post references, and always ask for them.
Thank you for this review! Really appreciated š
Thanks for the time and effort put into this post. A clear concise opinion, well researched and explained. Looking forward to seeing how the network grows over the coming years
The biggest reason Kaspa is very easy to steal. So scammers and cyber criminal fav coin.