nostr:nprofile1qqsp4lsvwn3aw7zwh2f6tcl6249xa6cpj2x3yuu6azaysvncdqywxmgpzfmhxue69uhk7enxvd5xz6tw9ec82cspz4mhxue69uhk2er9dchxummnw3ezumrpdejqk2n55u , you seem like a smart dude. I agree with just about everything you say. And I would agree 99% of the crypto market cap is shitcoins. But I would encourage you to look at Kaspa. Fair-launched, POW, L1 with smart contracts in August. It won’t replace Bitcoin as a store of value, nothing will, but it will scale on the base layer. Stable coins, messaging, RWAs, etc. Anyway, my challenge to you is to critically assess. Most Bitcoin maxis don’t. I tried Odell yesterday and he said it was a scam without explaining to me why.
Discussion
It's a scam because prima facie the only use of block chain is as unprintable money. You only need one money. Therefore it's a shitcoin.
I’m going to engage on this only once ok? Not looking for a back and forth.
leave them.
1. Kaspa’s early coins were disproportionately mined by insiders and early contributors. While they claim “fair launch,” the reality is there was no real user demand or widespread access at genesis. That’s a premine.
2. Kaspa has no hard cap.
3. It has a probabilistic finality model. Which is bad for settlement and trust. No one will trust a probabilistic model with billions in value.
This thing is an absolute shitcoin, completely indistinguishable from any other shitcoin making the same claims.
My opinion? You’ve committed a cardinal sin and fallen in love with a shitcoin bag to the point where you are attempting to promote it to me of all people lol That’s bad.
Not from a moral standpoint or anything I’m just saying that’s what happens to people right before they get rekt.
It shows that you’ve drank the buzzword marketing kool aid. You believed the shitcoin sales pitch and the most likely thing that happens next is you lose everything you have in Kaspa. I’ve seen it 10,000 times.
It won’t happen tomorrow or the next day and you’ll probably even get a good pump going in your favor.
You’ll think to yourself “stupid hodl, with his OG maxi privilege, he told me I wouldn’t make any money and look at me now. I’m crushing it.”
But you won’t get to keep the money because Kaspa will nuke down hard and you’ll bag hold it because you actually believe in it.
You’ll think it will come back, but it won’t because a newer shinier shitcoin will have taken its place by then. And the market will be onto the next pump.
Meanwhile the smart investors and Kaspa insiders will have already taken their profits into bitcoin because they know the game they’re playing.
You’ll think to yourself “stupid hodl, he was right. Fucking asshole” but it will be too late…
And I think to myself, “stupid hodl, he typed all those words to another moron who will never listen”
At least my conscious is clean
"Kaspa’s early coins were disproportionately mined by insiders and early contributors. While they claim “fair launch,” the reality is there was no real user demand or widespread access at genesis. That’s a premine." So what? Is bitcoin unfair because of the people who mined it first? Come up with better arguments douche.
"2. Kaspa has no hard cap." False and a straight up lie, Kaspa has a max supply of 28.7 billion coins, that cannot be changed.
probabilistic finality model
"3. It has a probabilistic finality model." Dude Kaspa is 100% secure show me anyone that can get double spent, you fucking can't.
Kaspa will displace Bitcoin and make Bitcoin utterly worthless. Kaspa does solve the trilemma with its pruning method that is the best in any cryptocurrency. Bitcoin is a shitcoin in comparison, Bitcoin to use in any sort of cheap and fast way sacrifices sovereignty I am not interested in using some centralized shit lightning network. The answer to the decentralization problem was always pruning not making the blocks artificially small.
You know jack shit so stop talking about things you know fucking nothing about loser. Go enjoy your shitcoin BTC.
lol have fun
This was really helpful. Been seeing Kas shill all over my X.
Some other points I wanted to add. I saw on Bitcoin University's YouTube Channel that the creator wrote on his medium that he made Kas "to get rich".
Also if best tech meant best money then woudnt Kas also be dead in 3 to 5 years when a new tech comes?
Finally, im a bit uneasy with so many faces with this projects. Humans are greedy and im fairly confident everything they do is for their own benefit. The moment the incentives done line up for the creators they are going to split.
You realize he’s wrong, don’t you? Bitcoin uses probabilistic finality…
Oh, and it has a hard cap through infinite divisibility. Kaspa’s emission schedule reduces monthly by a factor of `\( \left(\frac{1}{2}\right)^{1/12} \). That reaches practical zero and the amount will never pass 28.7 billion. Literally everything he said is wrong. It amazes me people just reinforce their bias rather than study objectively.
Once again, we’re appealing to authority and nobody is actually looking. I thought we learned this after the COVID vaccine.
Sell your Kaspa bags and buy bitcoin, if you don't you'll be left holding them and they will be worth even less. Odell is right, it's a shitcoin, he has no reason to explain why but when you have been holding bitcoin as long as he has you understand. Odell & Hodl have told you it's a shitcoin, if you choose to ignore them that's on you. Good luck.
Thanks for your response. I was more interested in objective conversation vs subjective trust me bro and because so and so said so. I won’t respond to HODL publicly because he asked me not to.
Hold gave you an explanation but I suspect you don't want to hear that he and Odell say it's a shitcoin. Sell your bags and buy Bitcoin you will be glad you did. As I said, good luck
Yes, but I disagree with some of what HODL said. But he made it clear that he wasn’t interested in a back and forth. He said there was no hard cap. And while that’s true, it fractions into oblivion. The decay is the 12th root of half monthly. So there will never be more than 29 billion. So he’s wrong, but not will to discuss or engage. And nobody on Nostr is. I just don’t like echo chambers. He seemed open minded and critically thought, figured I’d try. I own more BTC than I do Kaspa. I just want to learn.
And just so you know, HODL also told me that Kaspa uses a probabilistic finality model and that’s bad. It can’t be trusted and nobody will send billions. Well, guess what also uses a probabilistic finality model. Bitcoin. So does all proof of work. But this is my point. It’s an echo chamber. Nobody wants to have an objective conversation. Everybody is content to not challenge their beliefs and shame the guy that asks questions.
My guess is you haven't been in Bitcoin very long, less than four years but I could be wrong. Kaspa will go the way of the other tens of thousands of alts and disappear. We've seen all this stuff before and we know what happens to these bitcoin wannabe's. There's a reason Bitcoin's market cap dwarfs the others. No-one is shaming you, we're just telling you from experience. Lots of people are convinced XRP will be used by banks all over the world & you can't convince them otherwise. Oh well 🤷🏻
Yes, you are wrong.
My point is you’re saying that and you know absolutely nothing about Kaspa. Making the argument that something will happen just because it has before is silly. You’re guilty of the very thing everybody that laughed at Bitcoin in 2013-2014 were doing. And most people are. They never look to understand, they just assume the position they prefer.
I find it widely ironic you say Kaspa is a BTC wanna be. It further validates you know nothing about it. Kaspa does not want to be Bitcoin. It is the greatest store of value ever and always will be.
People that believe XRP will be used by banks believe in fairy tales. They aren’t objective, serious people.
My point is that nobody on here is objective, HODL included. He said two things about that were wildly inaccurate and the 3rd is very debatable. I just find it ironic that Bitcoiners who had to be either open minded, critical thinkers to get to where they are or sheep in a herd, can’t or won’t objectively look at something. But will be the first to laugh at it and make fun. It’s ironic.
Making the argument that something will happen because it has before is not silly, it's logical in this instance. There's thousands of alts that have their own unique properties that "improve" on Bitcoin and all the other coins out there. People create these coins and employee good marketing tactics. Then they get their own set of users/fans insisting that their coin is the best and will survive & thrive. I remember Dash and Vechain and Nano from 2017 and where are they now? You can call us sheep but I guarantee you that Kaspa will join those coins because those are the odds. You don't know anything about most other coins, are you going to look into every one of them that are suggested to you and be objective? I don't care if you believe that Kaspa is a great coin, it is destined to fail. You've asked Odell and Hodl, now go ask Michael Saylor and get his opinion and tell me he's a sheep too. If we get a huge run up in price this year you should absolutely sell your Kaspa otherwise you will be a bag holder for ever & wish you'd never bought it.
Digital money failed before Bitcoin (eCash, Bitgold, etc). Should nobody have looked objectively at Bitcoin because there was digital money before? Obviously not. And you’re still approaching this as if Kaspa and Bitcoin are in competition, further demonstrating you haven’t looked.
I didn’t call “us” sheep (I already told you I own more Bitcoin than Kaspa and yet you still use us/them language), I said BTCers are either sheep OR they are objective, critical thinkers. Which you are is up to you.
You don’t know what I know about other coins. I have looked at many many many objectively and I can tell you with certainty that Bitcoin and Kaspa are in a class of their own (not placing them in the same class either).
If you don’t want to learn or challenge ideas, that’s fine, but at least make accurate arguments. But this furthers my point. You’re arguing against something you have no idea what it is.
No bro
That’s deep. Very good discussion content right there.
There’s nothing to discuss. Kasparov is garbage. One look at the tokenomics should tell you that.
*kaspa
What tokenomics are a problem?
Why are you asking me to repeat things hodl already told you in his reply or should be able to see for yourself just looking at the project?
Thought you wanted to learn and challenge ideas. Looks like I was wrong. So far that’s just about everybody on here.
Or maybe you’re just falling for yet another shitcoin scam. You seem like someone that needs to learn the hard way and there is nothing wrong with that. I hope you make a ton of money with kaspa and eventually move it into btc
I just figured you could tell me what tokenomics were a problem since you said they were.