Share with me your thoughts on Kaspa and I’ll tell you what I think of your thesis. I see Bitcoin maximalists on here become religious zealots with thin arguments for their convictions. We encourage Boomers to understand the value proposition when they have wealth, but won’t objectively apply our proverbial selves.
Discussion
I think Kaspa has good fundamentals with a proof of work model, no pre-mine, fixed supply and decentralized model for transaction validation and mining. The node storage capacity requirements are a little hefty but not unmanageable. The centralization risk of the protocol is somewhat of a concern. But for those with unlimited choice and limited disposable income for asset investments, BTC is the better choice IMO. I think KAS has a high likelihood of trending to zero vs BTC because it is a relative late comer. I don’t think it will ever achieve escape velocity as an enduring $1T+ market cap asset soon enough (or ever) to be relevant as a long term store of value. BTC has too much of a head start. If such a small portion of society has adopted Bitcoin, even with its high profile and its adoption by huge asset managers and nation states, KAS is a pretty hard sell to anyone but frequency traders. And to me it’s just not that sexy. There can be only one.
Why do you think storage capacity requirements are heart hefty? I assume you are proposing everybody run the entire archival node?
Why do you think centralization of the protocol is likely or a concern?
Why do you think there can only be 1?
To quote Satoshi:
“If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”
Haha I figured as much. I didn’t expect you to defend your position objectively. You can’t thoroughly engage on your opinions so you just dodge the questions. I had a prominent BTC maxi on here the other day telling me Kaspa was terrible because it used probabilistic finality model…
