Fair money advocate. Kasia messaging: potat.kas
Joined June 2016
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I wrote an article on why Proof of Work is the only realistic foundation for global crypto adoption.
medium.com/@KaspaFan/kaspa-t…
$kas
Besides the brainlet level metaphor, Home miners on #Bitcoin would just burn electricity if they tried to solo mine.
On #Kaspa, the high number of blocks makes mining far more decentralized, as even home miners can solo mine and get a consistent revenue stream.
More on this topic:
teapaw.org/DesheShai/status/16497…
There's has been plenty of debate about why the #Bitcoin Lightning Network doesn't inherit Bitcoin L1's security and decentralization.
However, the economic side of LN does not make much sense either.
Let's assume a Lightning Network is built on #Kaspa, using the same fee structure as Bitcoin's LN.
Sending 1,000,000 KAS through just 2 hops at the average of 0.000726% per hop = 1452 KAS in fees.
(The median cost would be 140 kas).
On Kaspa, the same transaction would cost you 0.00002 Kas.
Sources:
Avg rate- mempool.space/lightning
Median rate- 1ml.com/statistics
Community members have put a lot of effort into making #Kaspa adoptable, but fee models often feel like an afterthought.
If we want #Kaspa to reach mass adoption, we need to consider how much miners must earn to secure the network.
I suggest two approaches to structuring fees:
Approach 1:
Define:
E = Kaspa’s daily emissions
T = Kaspa’s transaction capacity
The base equation is E/T but we can adjust both variables using ratios, and factor in transaction mass so heavier txs cost more.
Approach 2:
No artificial fees, and let a natural fee market emerge as demand grows.
It's also worth mentioning that @kasiamessaging takes the second approach which is perfectly suited for a messaging app.
I don't see why an X-like Platform would require something else.
Both systems are for mass usage, let the scale come.
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I've put a fair bit of effort to get this person to understand Kaspa, but he's fully in the Saylor bubble and continues call Kaspa a shitcoin. Maybe the $kas community can help.
Your shitcoin hasn’t kept up with gains like this in the last 4 years. Yeah of course it went from 0 to 400 sats per coin and then dropped because helpless people sold their souls to a network that is trying to prove nothing. The dollar will try to keep up with Bitcoin but as I said before trillions of dollars are misallocated and via the base layer and equities are flowing into Bitcoin. Go to where the capital is moving because there is no second best!
have to make a correction:
Bitcoin has roughly 65,000 online nodes.
bitnodes.io/nodes/all/
It still puts things into perspective however.
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I wrote about Bitcoin's long-term security model as block rewards asymptotically trend toward zero.
medium.com/@KaspaFan/bitcoin…
Potat retweeted
1/4
🚨 Update on the @FinanceChainge → CEX KAS investigation.
We traced deposits from wallets funded ≥85% by Chainge and found:
📦 332M KAS sent to exchanges
Mostly to MEXC, not Gate.io
Methodology and code are now public 👇
cc: @KrcBot @KasperoLabs @KaspaCalls
Potat retweeted
‘Wen KAS?’ you asked 1,000,000 times
Nov 19th - 14:00 UTC
$KAS
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