Too bad Bitcoin is already there 😅
Discussion
That’s narrow minded. Listen, I love BTC. I buy it every week. But do you not think there’s value in a network that can scale on the base layer? Especially when the stable coin market cap has grown exponentially over the last few years and the Treasury has run out of bond buyers? Those stable coins have to be sent on some rails, and the L1 that sends them the fastest and cheapest will win that market share. Saylor himself is saying that BTC isn’t a digital currency. It’s a store of value. There’s a world for both. So saying that BTC is already “there”, puts “there” in the same place. It’s just not so. Mark Twain said it isn’t what you don’t know that gets you in trouble, it’s what you know for sure that just ain’t so. Look at objectively and remove the religious dogma.
it is not narrow minded. How many do you think tried to introduce their coin as a better bitcoin? Kaspa is not the first or the last. Tell me what Kaspa is doing better than Bitcoin? Bitcoin is not very difficult to grasp, it's a simple idea. It is just an idea, with an elliptic curve cryptography to spend your UTXO, and a POW system to audit the ledger in a decentralised way. A fixed supply, and a rewards system that tends to 0 as it is replaced with fees.
There is no technological breakthrough that will make that system more efficient or decentralised, that's all there is, you can't improve a wheel by making it less round or whatever, it's a simple idea, it's there, you can use it, build on it, or ignore it.
“Kaspa” is not trying to introduce themselves as a better Bitcoin. There’s no voice of Kaspa. There’s no marketing team. There’s no central voice. It’s open-sourced protocol.
And I told you, it’s 10bps vs 1 block every 10 min. It actually can scale on the base layer without sacrificing decentralization/security.
You just said you know nothing about Kaspa and then said there’s no technological break through that will make the system more efficient. That’s the definition of narrow-minded. And yes, the wheel has been improve many times over. While the purpose has not changed, we are not running on wooden spokes.
Let’s apply your logic. Kaspa can’t be worth anything because other coins have tried and failed. But were there not other electronic monies before BTC? Your argument is not from first principles and can’t be applied evenly.