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WildBill

Can somebody give me an argument why Kaspa is not the same as Bitcoin, but scalable on the base layer?

I genuinely am curious. Please repost or contribute so we can get some market insight.

#bitcoin #kaspa #pow #fairlaunch #money #finance

Jason Ansley | Fractional COO | Leadership Coach 1y ago

1. I like #kaspa

2. I hold $KAS

3. Need a little more context as to what aspects you are looking for insight on. (Ie can you elaborate on your constraint of “but scalable on the base layer”)

4. In general I do not think #KAS will reach the same price of #btc because of supply and demand. There is simply significantly less #bitcoin than Kaspa.

5. Additionally, and granted Kaspa is young, there are other horses that have a head start on it (ie Solana) that is already attracting interest from entities such as Visa and Mastercard.

6. Akin to point 6, BTC has a decade on KAS as for adoption.

7. With thinking in sats for bitcoin and lightning network, is KAS needed? (Personally I think so but as for adoption there needs to be a profound “why”)

8. I like the #pow #proofofwork model of $KAS as well as the BlockDAG structure, which is similar to hashgraph and therefore can support higher TPS. BUT development is significantly slower than on TPS competitive chains such as Solana.

9. Albeit young, Kaspa is still concentrated from a wallet holdings standpoint

10. To its benefit I think Kaspa will survive if only for the sole fact that is is one of the few cryptos that is not too far off its low during previous market cycle

Those are my initial thoughts 🤔

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Discussion

WildBill 1y ago

1. Agreed

2. Same

3. BTC is not scalable as a layer-1. nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe says it has a layer-2 problem if it is not adopted as a medium of exchange. Kaspa solves this issue much better than BTC.

4. Price is irrelevant and arbitrary. You can’t compare the price across projects. Market cap is a better assessment.

5. Solona is a banana-plane (compliments of nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle). It’s terrible money. Kaspa is faster, more decentralized, cheaper, and more secure than Solona. Solona is not POW. Value falls to the marginal cost of production. The market will see that and divert from Solona.

6. Yes, time in existence is a large divide. I was referencing more of the fundamentals than the age of the project.

7. I think Lightening is too difficult to scale. I would love for somebody to tell me why it’s not. And value falls to the marginal cost of production. You buy more value with layer-1 Kaspa than layer-2 lightening for scalability.

8. Solona is no different than the USD. It is a scam. It doesn’t work half the time and is created out of thin air. And Kaspa is faster than Solona.

9. There are 430,000 wallets. I would argue that’s pretty good for a POW with the second highest hashrate. A POS layer-1 will have a bigger centralized problem as the project will not be fair launched.

10. This doesn’t make any sense. This is the first cycle it has seen and was the fastest growing project in the most recent bear. It is very very far of its low.