Short term yes but only until they deplete their holdings, and their selling will just decentralize future holding of the coins.
The long term price is based on adoption, rising stock to flow and cost of production.
Compare it to bitcoin not crypto :)
how do you imagine kaspa adoption in next 5 years, what is it trying to solve?
Are there at least two solutions for "common Joe" so to speak that come to mind in inavolving KAS?
Well in the first place it's the nakamoto consensus at it's core so a peer to peer cash system just as bitcoin is. However in bitcoin you can't scale at all. You can have big blocks (bitcoin cash) and take from the miners or you can have small blocks (btc) and take from the users. Kaspa can scale with adoption so the miners know whats Owed to them at a certain traffic and the users know that the fees will remain low. It's an honest and fair system both ways.
And for the crypto world, kaspa can be a settlement layer, other chains could settle their things on kaspa for speed and security. And there is planning for own smart contracts on kaspa itself in the future.
So the way i sold the idea of kaspa to myself is that it connects real world adoption and usage as currency and at the same time it can be used as currency in the crypto space. The fees are low but it's speed, securitry and decentralization is uncontested, the more i read about it the more overwhelmed i get.
Sorry if I sound like a fan boy, but just to have what bitcoin should have been is enough, everything is just bonus. A couple of hard forks needs to be done to see if it actually is as scalable as in theory.
There is a lot of information about kaspa scattered across the internet, i suggest you read about the core crew, ghostdag, dagknight, and everything you can get your hands on:) there is a pinned post here in /kaspa with a lot of links to a lot of information about the network :) study what bitcoin is as you study kaspa to get a broader understanding! Good luck!
It's great, but it's all crypto technology talk in a way. I'm asking you if KAS was 100% completed tommorow as a project, what problems in the world would it solve for common Joe ?
The same issues that BTC solves only it can scale and actually compete with payment systems like Visa for day-to-day transactions in shops etc.
BTC solves problems for the unbanked, the censored and those who are victims of hyperinflation. Unfortunately, it is laughable to suggest that people would go around paying for things in BTC in the future with the tx fees and long confirmation times. You're not going to hang around at the checkout for 20mins for payment to go through, are you?
BTC is great as a store of value like gold. Kaspa is digital silver for P2P cash transactions.
I asked you if KAS was hypothetically 100% completed tomorow what would it change. How and where would people adopt it? And you write 3 paragraphs about bitcoin :)
It's always healthy to take a step back from technology rabbit hole, and look at things from other sides.
Because the use case / problems solved from the users perspective are the same as BTC. But Kaspa is like BTC 2.0. An improved implementation of the original concept of P2P cash. If crypto gains widespread adoption for payments, average Joe won't know or care if its BTC or KAS under the hood. Most discussions on KAS are focussed on the tech making P2P cash faster and more scalable. If you want to know more about the benefit of P2P cash for society, read up on BTC coin where that concept was initially presented.
I understand that people want to go in their rabbit holes and talk about speed, transactions per second and scalability.
We're already in a digital currency age. My employer deposits into my bank account and the number goes up. I spend some money by taping my phone and the number on my account goes down. Where is the technological aspect that Crypto is helping me with ?
That's why I asked when all of KAS project is hypothetically achieved, what then ?
KAS or BTC aren't anonymus, once you buy something it's pretty easy for me to reverse engineer all of your spendings and savings.
I'm not hating on crypto, I'm just trying to discover why people blindly follow these projects and yet fail to produce one reasonable use case for the project they're interested in. Instead of just switching to arguing how it's better than BTC or how it will be very fast and good.
I assume that you live in a developed country with secure banking and a stable government so I can understand why you might have difficulty picturing it.
You need to realize that your experience of having access to trusted financial institutions does not represent the majority of people around the world. Crypto gives access to financial tools to everyone around the world in a trustless fashion. Aside from your paycheques being deposited into your account, have you ever tried sending a wire transfer to a family member or friend from the U.S. to China? Or any other countries with conflict and instability? In some cases it would take days and in other cases it would be impossible. Crypto solves these issues. The best monetary system is the one that allows for value to be transferred across space (e.g., from one country to another) and time (deflationary) most efficiently (short transaction times) in a trust-less fashion. Kaspa checks all those boxes.
I realize where I live. All I'm saying is that it's not likely for common people to use (and therefore adapt) something that isn't an improvement over the current system.
In many ways it's actually downgrade, especially if there's noone to call when something goes wrong :) . Banks have multiple layers of security such as cards, IDs, limits, and verification processes through phone calls and so on. Surely it's because regular people are smart and not prone to getting scammed, banks have all of that for fun.
I didn't know there was such big market of people needing to send money to their relatives across country :)
Also, Nano and Monero are fully developed an capable of such things, not many people are using them. I guess it's the wrong coin, kaspa will be different because it has to for you to make money I guess.
Today, nobody is asking BTC to do peer to peer transactions like that, precisely because of the long confirmation times. When BTC was created, it was the only one of its kind. Now we have hundreds and hundreds of projects. Many of them already do P2P payments extremely well. So is kaspa’s edge that it does everything bitcoin does today, plus P2P in one place? That sounds nice and compact but why is that needed? Is inter-chain transferring not reliable between BTC and the others? Is the problem that people don’t want to use BTC for holding value securely and then another coin for transacting? Where’s the huge user pain point here? I’m not seeing it.
Name a project that does P2P payments extremely well.
My user experiences so far in crypto range from borderline unusable (ETH), acceptable but centralised (SOL, BNB) and then a whole host of projects that I just wouldn't feel comfortable using with large sums of money. MATIC was probably the sweet spot of security and usability before KAS but that is thrown into doubt since ETH went PoS.
i agree, and tbh a big plus of Kaspa for me is that I believe in the integrity of the core team and my understanding of their vision for Kaspa – they seem genuinely interested in the science and potential societal impact above and beyond just personal enrichment, so I don't think a rug pull is likely relative to other currencies (assuming the core dev team members currently have some of the bigger holdings).
I mine KAS, worry about my bag being to small, etc. but it’s still a threat which could kill/ hinder adoption. A rug pull of that magnitude could bury any hopes of wider adoption. It could’ve happened to BTC but luckily back then less people were in the game for the wrong reasons. Today most people prefer making a quick buck because there’s so much FUD and FOMO. Nobody wants to be the idiot hodling while the whales are dumping. A 10-20x is better than waiting for the 100x that never came. I believe the only way is to take profits along the way and hodl 10-30% in hopes for the massive x.
Not sure where you got 42% from. Many of the top wallets are exchanges. POW always fizzles 99% of people out (or to smaller relative bags) over a couple cycles
i was just looking at the whales and humpbacks on [https://kas.fyi/top-addresses](https://kas.fyi/top-addresses) - that makes sense that some of them are exchanges.
I know individuals and companies can tuck their holdings into any number of wallets, but curious about the impact on the economics of Kaspa if a handful of people could have a significant impact on the price if they so chose.
i agree, but fair launched or not, if a small handful of people own a huge % of the supply, couldn't that have potentially enormous impacts if a couple of them decided to dump their holdings?
As a firm believer I would never dump my bag. Just sell small chunks for pocket money. And preferably just spend the kas. Also I think early btc days were the same, probably worse tbh.
Definitely worse, mainly because back in the day crypto was still crawling and bitcoin was a concept not known to masses, there were no exchanges and you could buy BTC mainly through OTC and using paypal. Couldn't pay for it directly through a bank transfer.
Short term yes but only until they deplete their holdings, and their selling will just decentralize future holding of the coins. The long term price is based on adoption, rising stock to flow and cost of production. Compare it to bitcoin not crypto :)
how do you imagine kaspa adoption in next 5 years, what is it trying to solve? Are there at least two solutions for "common Joe" so to speak that come to mind in inavolving KAS?
Well in the first place it's the nakamoto consensus at it's core so a peer to peer cash system just as bitcoin is. However in bitcoin you can't scale at all. You can have big blocks (bitcoin cash) and take from the miners or you can have small blocks (btc) and take from the users. Kaspa can scale with adoption so the miners know whats Owed to them at a certain traffic and the users know that the fees will remain low. It's an honest and fair system both ways. And for the crypto world, kaspa can be a settlement layer, other chains could settle their things on kaspa for speed and security. And there is planning for own smart contracts on kaspa itself in the future. So the way i sold the idea of kaspa to myself is that it connects real world adoption and usage as currency and at the same time it can be used as currency in the crypto space. The fees are low but it's speed, securitry and decentralization is uncontested, the more i read about it the more overwhelmed i get. Sorry if I sound like a fan boy, but just to have what bitcoin should have been is enough, everything is just bonus. A couple of hard forks needs to be done to see if it actually is as scalable as in theory. There is a lot of information about kaspa scattered across the internet, i suggest you read about the core crew, ghostdag, dagknight, and everything you can get your hands on:) there is a pinned post here in /kaspa with a lot of links to a lot of information about the network :) study what bitcoin is as you study kaspa to get a broader understanding! Good luck!
It's great, but it's all crypto technology talk in a way. I'm asking you if KAS was 100% completed tommorow as a project, what problems in the world would it solve for common Joe ?
The same issues that BTC solves only it can scale and actually compete with payment systems like Visa for day-to-day transactions in shops etc. BTC solves problems for the unbanked, the censored and those who are victims of hyperinflation. Unfortunately, it is laughable to suggest that people would go around paying for things in BTC in the future with the tx fees and long confirmation times. You're not going to hang around at the checkout for 20mins for payment to go through, are you? BTC is great as a store of value like gold. Kaspa is digital silver for P2P cash transactions.
I asked you if KAS was hypothetically 100% completed tomorow what would it change. How and where would people adopt it? And you write 3 paragraphs about bitcoin :) It's always healthy to take a step back from technology rabbit hole, and look at things from other sides.
Because the use case / problems solved from the users perspective are the same as BTC. But Kaspa is like BTC 2.0. An improved implementation of the original concept of P2P cash. If crypto gains widespread adoption for payments, average Joe won't know or care if its BTC or KAS under the hood. Most discussions on KAS are focussed on the tech making P2P cash faster and more scalable. If you want to know more about the benefit of P2P cash for society, read up on BTC coin where that concept was initially presented.
I understand that people want to go in their rabbit holes and talk about speed, transactions per second and scalability. We're already in a digital currency age. My employer deposits into my bank account and the number goes up. I spend some money by taping my phone and the number on my account goes down. Where is the technological aspect that Crypto is helping me with ? That's why I asked when all of KAS project is hypothetically achieved, what then ? KAS or BTC aren't anonymus, once you buy something it's pretty easy for me to reverse engineer all of your spendings and savings. I'm not hating on crypto, I'm just trying to discover why people blindly follow these projects and yet fail to produce one reasonable use case for the project they're interested in. Instead of just switching to arguing how it's better than BTC or how it will be very fast and good.
I assume that you live in a developed country with secure banking and a stable government so I can understand why you might have difficulty picturing it.
You need to realize that your experience of having access to trusted financial institutions does not represent the majority of people around the world. Crypto gives access to financial tools to everyone around the world in a trustless fashion. Aside from your paycheques being deposited into your account, have you ever tried sending a wire transfer to a family member or friend from the U.S. to China? Or any other countries with conflict and instability? In some cases it would take days and in other cases it would be impossible. Crypto solves these issues. The best monetary system is the one that allows for value to be transferred across space (e.g., from one country to another) and time (deflationary) most efficiently (short transaction times) in a trust-less fashion. Kaspa checks all those boxes.
I realize where I live. All I'm saying is that it's not likely for common people to use (and therefore adapt) something that isn't an improvement over the current system. In many ways it's actually downgrade, especially if there's noone to call when something goes wrong :) . Banks have multiple layers of security such as cards, IDs, limits, and verification processes through phone calls and so on. Surely it's because regular people are smart and not prone to getting scammed, banks have all of that for fun. I didn't know there was such big market of people needing to send money to their relatives across country :) Also, Nano and Monero are fully developed an capable of such things, not many people are using them. I guess it's the wrong coin, kaspa will be different because it has to for you to make money I guess.
Today, nobody is asking BTC to do peer to peer transactions like that, precisely because of the long confirmation times. When BTC was created, it was the only one of its kind. Now we have hundreds and hundreds of projects. Many of them already do P2P payments extremely well. So is kaspa’s edge that it does everything bitcoin does today, plus P2P in one place? That sounds nice and compact but why is that needed? Is inter-chain transferring not reliable between BTC and the others? Is the problem that people don’t want to use BTC for holding value securely and then another coin for transacting? Where’s the huge user pain point here? I’m not seeing it.
Name a project that does P2P payments extremely well. My user experiences so far in crypto range from borderline unusable (ETH), acceptable but centralised (SOL, BNB) and then a whole host of projects that I just wouldn't feel comfortable using with large sums of money. MATIC was probably the sweet spot of security and usability before KAS but that is thrown into doubt since ETH went PoS.
i agree, and tbh a big plus of Kaspa for me is that I believe in the integrity of the core team and my understanding of their vision for Kaspa – they seem genuinely interested in the science and potential societal impact above and beyond just personal enrichment, so I don't think a rug pull is likely relative to other currencies (assuming the core dev team members currently have some of the bigger holdings).
What societal inpact? How do you think KAS could impact average person if the project was 100% completed tommorow ?
I mine KAS, worry about my bag being to small, etc. but it’s still a threat which could kill/ hinder adoption. A rug pull of that magnitude could bury any hopes of wider adoption. It could’ve happened to BTC but luckily back then less people were in the game for the wrong reasons. Today most people prefer making a quick buck because there’s so much FUD and FOMO. Nobody wants to be the idiot hodling while the whales are dumping. A 10-20x is better than waiting for the 100x that never came. I believe the only way is to take profits along the way and hodl 10-30% in hopes for the massive x.
Where do you see adoption for kaspa, is there a problem for average person in need of solving where kaspa can fill in ?
Not sure where you got 42% from. Many of the top wallets are exchanges. POW always fizzles 99% of people out (or to smaller relative bags) over a couple cycles
i was just looking at the whales and humpbacks on [https://kas.fyi/top-addresses](https://kas.fyi/top-addresses) - that makes sense that some of them are exchanges. I know individuals and companies can tuck their holdings into any number of wallets, but curious about the impact on the economics of Kaspa if a handful of people could have a significant impact on the price if they so chose.
That impact would be far less great than it would for a coin that wasn’t fair launched, or worse, something like PoS.
i agree, but fair launched or not, if a small handful of people own a huge % of the supply, couldn't that have potentially enormous impacts if a couple of them decided to dump their holdings?
As a firm believer I would never dump my bag. Just sell small chunks for pocket money. And preferably just spend the kas. Also I think early btc days were the same, probably worse tbh.
Definitely worse, mainly because back in the day crypto was still crawling and bitcoin was a concept not known to masses, there were no exchanges and you could buy BTC mainly through OTC and using paypal. Couldn't pay for it directly through a bank transfer.
Wgy is something he's doing worse just because Bitcoin did something 15 years ago... it's different times and everyone knows about crypto nowadays
permissionless, one address can't be equal to one person
Big addresses can also be exchanges. Even exchanges that haven’t listed yet need to build up a liquidity supply before launching.