There's an unintended mistake in this video: October 7 was the day of the Hamas attack, while October 27 was when Israel launched its full-scale invasion. I misread the Wikipedia article while recording the video. Wiki article here for reference: en.wikipedia.org/wiki/Israeli_invasion_of_the_Gaza_Strip_(2023%E2%80%93present)
Kaspa is here to support Bitcoin, not to compete with it. If we unite, we can ensure that decentralized, fair start PoW coins like Bitcoin and Kaspa thrive. Fighting among ourselves only strengthens the position of corporate coins like Ethereum. Let's stand together and make the true vision of decentralized digital property a reality.
I have a little concern about the true cause of Satoshi's disappearance... his last messages voiced concerns to Julian Assange about BTC being used by Wikileaks for finance so governments couldn't financially control it .. he seemed to feel BTC was at a fragile stage and that this had released a hornet nest ... not too long later he went silent ... something about this leaves me unsettled
I'm heavy into Kaspa, but I subscribed as I like your analysis and am not afraid of shining a light on Kaspa. I want to say that Kaspa is not ever going to compete with or surpass Bitcoin. Kaspa is going for ETH and SOL. BTC has the number 1 spot and always will. It can be slow, it can be without smart contracts, it's digital gold. Kaspa is looking to introduce smart contracts soon and compete with SOL and ETH using its better tech for that. I love BTC also.
You present several logical fallacies in this video: 1. If nobody has succeeded in building a better bitcoin in fifteen years, how can you claim there will be a newer shinier kaspa every 6 months? There are already kaspa copycats trying to capitalize on kaspa’s success. None of them have improved upon kaspa. 2. You present YS as some mythical “CEO of Kaspa Inc”. Kaspa is not a corporation, it’s a community-driven fair-launched PoW with no VC or preallocation. YS developed GHOSTDAG, but he is not the one(s) writing the code. That is done by a diverse community that spans the globe. 3. If Kaspa was somehow anti-muslim, why is it so popular in Turkey? What a convenient omission! I know you’re trying to seem insightful, but your myopic “deep dive” into kaspa, which largely ignores its revolutionary technology which is disproving previously assumed impossibilities and instead focuses on your armchair politics (you are neither arab nor jew) only confirms your bias, and your remark about a little boy sitting home playing with toy soldiers perfectly describes your attempt at political conjecture. You didn’t even TRY to be objective, and you conveniently didn’t compare any of kaspa’s technical capabilities with bitcoin’s, and it’s obvious why.
Kaspa doesn't solve any problem that Bitcoin hasn't already solved. The fastest block time isn't the big sell they think it is (and they don't even have that). It's light years away from adoption and if it hasn't happened now, it won't. Too many competitors that do the same thing. Dump it while you can without losing.
@dudleydooright what kaspa maxis don't get is that years ago just as is stated in the video BTC was shown from the block wars that speed ment nothing in the aspect of a dag or a blockchain. It doesn't matter is Kaspa was X amount faster than btc. Unless they changed the function of the meme pool to act like Solana, and have a set gas, the speed is irrelevant. Literally once KRC-20 launched they quickly saw how Kaspa with Dag, with 1 block per second etc, doesn't solve the memepool, slippage, and gas issues that BTC realized again years ago. If the gas is adjustable, then the way a memepool works it has to prioritize all higher gas transactions before the lowest average transaction. In the event of like KRC-20 you have high congestion or like on BTC if you try to make a purchase of a coffee at any given time your purchase will either become like slippage or jist pend until your gas is reached in the memepool or the timeout delay rejects it. They saw this issue years ago that's why there's absolutely no need for BTC to be faster and why lightning was created. That's why btc cash, ltc and others failed compared to btc because speed increases or block times or size etc does nothing to solve this. That's why Solana and Eth are in the top 5 because they solve this but via proof of stake because realistically mining is why the gas has to be adjustable to make maintaining the security a profitable endeavor. Or else with proof of stake you can use validators to achieve security and the gas can either increase in Eths case , but spread equal to everyone, and relieve congestion due to the price, or Sol and have a set gas for everything and it suffer congestion. Sol and Eth stand a greater chance at becoming silver to BTC gold than kaspa ever can. The only projects coming for the top 10 is ICP and Quai Network.
@ChrisMyers-bu9sw marathon came out and flat out said they mine kaspa at 1 kwh and make 1.00, and btc they make .08 cents. And that they sell kaspa aka dump it to buy bitcoin. Make it make sense kaspa maxis??? I told you guys Krc-20 was a way to generate revenue for the miners because kaspa has consistently become unprofitable.
I’m a bitcoiner, however if store of value and money for transacting would be the same asset (bitcoin), wouldn’t it mean an inevitable centralization in the end? Meaning if all the, let’s say, western world would transfer now once an on-chain transaction to lightning network, or to their friend (even without too much history / utxo), the memepool would be prolly be overloaded tens of years. Transaction fees would skyrocket, RBF would be in heavy use with no solution in sight. So, self custody would die and centralization would be inevitable to transact with? This is why I’m also interested in possible highly scalable (supposed trilemma solvers) on layer 1, and Kaspa sounds pretty interesting at that.
The solution is not to seek out other chains, but rather to hold chunky UTXOs that are larger than 1 million sats, and also slowly transition some holdings onto L2 like Lightning, so you are ready for fee spikes. Kaspa has exactly 0% probability of displacing BTC at this point. We're already at the point of global nation-state BTC adoption that is going to really take off in 2025
Saylor says you get BTC at the price you deserve. I see it a little differently. BTC deserves the price it gets. Maybe someday Kaspa will deserve a high value. Good luck Kaspa army, thank you for getting into ring. Peace.
I’m Muslim and don’t care about Yonaton’s perspective. It’s his view and his people. Everyone hurts in war. I still buy KAS because of the project and the view of others do not matter.
While that might make sense to you. The argument is still valid, money needs to be neutral. Or the best most ideal money should be neutral. The reason why the dollar is starting to lose it's status is precisely because it stopped being neutral. All dollars are essentially IOUs, that you can keep it and only if the powers that be don't decide to take it from you.
Kaspa is not trying to replace btc, the team is trying to fulfil satoshi’s original vision which is a peer to peer currency. Even my hairdresser knows btc doesn’t achieve this but acts as digital gold which in itself has significant importance.
I'm going to store this video and will come back to it in about 10 years. Don't need to argue anything, it makes no sense arguing with people who are not open to anything. I will let the future talk for itself.
Vonnie vonnie @@Vonnie12, you clearly don't understand my comment is not about the btc part. And you clearly didn't do any research about kaspa, same as this dude who made this video. If you follow him and don't invest in kaspa besides btc, you are the one who will miss out. 🤐 And that's why my comment says: I will store this video. My kaspa already did 20x (and has potential to do at least another 10x this cycle from this point) while btc did 6x from lowest point (and has a max of 2 to 5x from now this cycle). So which one is the better investment for ROI? Get it? And I'm not interested in what it will be in 10 years as I sell to the top and buy back at the low every cycle again. Your comment says it all. You will be my exit liquidity just before the top, thank you in advance.
Putting kaspa in bitcoin at 20 cents? Sry but you have no clue about crypto, i doesnt matter if kaspa can be as good as bitcoin, its about returns, if you think you can make more money with bitcoin there is no hope for you, kaspa will hit at least 20 dollars in the next years, which would give you more than a 100x on your money if you buy today, bitcoin wont even come close to that, so kaspa would be the better investment if you wanna make a lot of money, btc is only useful if you already made tons of money and wanna put it somewhere safe, stop misleading people
Yonatan Sompolinsky (Kaspa founder) is one of the most referenced crypto authors in the whole industry and was one of the first people to make a serious analysis on BTC's security back in the day. Also Aviv Zohar another Kaspa dev had papers on trees, nodes and ecash transactions before BTC existed. You are not doing yourself a favour overlooking this facts. If you have used crypto at all these years chances are you have used tech developed by this people. DYOR
@@Bitcoin_University Kaspa was launched BTC style with a Fair Launch with no premine, no ICOs, no budget for exchanges etc so it is as relevant for neutral money as Bitcoin was in terms of fairness on its launch. Also I insist, giving a blind eye to some of the most prominent authors in the space contributing to the industry throughout a decade and whose work has been used by many multibillion coins while not developing one themselves until 10 years later until they sorted out BlockChains' shortcommings... well, it is not a good idea. One should research. I repeat, this research took 10 years and these guys didn't develop a coin themselves until they sorted the tech out while many have become billionaires out of Kaspa's authors' research. DYOR
Yes they are smart people but that doesn't mean they will create a form of money any better than a central bank. The aim is to achieve a system outside the control of any one privileged party. Reading the posts of Sompolinsky you see he kind of likes privilege and he is a bit of a nut, he won't attract trust like BTC has.
@@Bitcoin_Universityis Dollar neutral money/currency? Dollars have been used to fund wars in Middle East, yet you take an American 100 dollar to middle east, and every time the people will choose dollar over their own currency. Money doesn't care about aran or Jews, no matter dollar, Bitcoin, or Kaspa.
@@HowardARoark I been following everything he says for some years now and I have never seen anything like you describe in fact I would say he is quite humble and anyone that sees his interviews will see his biggest passion is decentralization and crypto. No guarantees but Kaspa while maintaining BTC values and security (theoretical by design or assuming similar hashrate) has introduces many features that make it much more decentralized than BTC. For example> high BPS for miners to be able to predict their income as a function of % of the hashrate they contribute to the network, exponential reduction of cost for solo mining participants, pruned nodes that reduce storage cost (beside full archive ones), an algorithm for which they were no ASICs and a fast emission schedule to avoid getting centralized by ASIC miners at the beginning (many coins had problems with this), no orphan blocks so that all of the power contributed to the BlockDAG is taken advantage of etc etc. There are many
I saw some mining channel talking about mining Kaspa and then trading the Kaspa for bitcoin. The logic behind it was Kaspa's lower total hash rate made it easier to mine. The miner was doing that with a few other coins as well. The endgame was to get Bitcoin as cheaply as possible.
The mining channel will regret it at last because of his ignorance. Do a deep research, don't rely on a TH-camr with his own bias, and save yourself from the curse of the maxis.
You need Kaspa's silver to Bitcoin's gold because of the scalability problem. It is not the divisibility at issue, rather it is the amount of transactions that can be handled in any given time frame. You are not going to be able to pay for lunch with Bitcoin if everybody is trying to do the same. So, Bitcoin transactions are more purposeful because they are slow and expensive. Kaspa solves that problem on chain without a layer two and as such remains decentralized. Bitcoin uses layer 2 solutions like Lightning, which is centralized. As for the emission rate schedule of Kaspa, I think it is very interesting and may be better than Bitcoin's emission rate (halving every four years). Bitcoin is already 92% mined, so it's not like it took all that long to get to that high amount. Kaspa halves once a year, though that decrease happens incrementally each month. The good thing about this is that if you are buying Kaspa now, the value is not going to be heavily diluted later on as is the case with so many other projects.
@@Sawa137 Kaspad can run on various hardware configurations, having at least 4 to 8 GB of RAM, a 4-core CPU, and a good internet network connection is recommended. While some computational work involves processing and verifying transactions and blocks, it’s not very demanding, especially for modern computers with decent processing power. However, the amount of storage space required can be significant. Therefore, having enough disk space to store the blockDAG data is essential. About 50GB should suffice.
I understand the sentiment, and you're missing the main point. It's the fact that it's a separate token that makes it a problem, not the technological underpinnings. BTC is, factually, a bulletproof reserve currency on the base chain. Lightning is part of the scalability solution, as are Liquid, Fedi, Ark, etc. Your comment here assumes that the scalability challenge isn't being tackled by a massive group of people. It definitely is. The combination of all scaling solutions working together seems to already solve the problems that Kaspa purports to also solve. So, if L2s all working together get the same functional result as Kaspa, then Kaspa isn't 100x better than BTC, and I fail to see why it makes sense to switch.
Why degrade kaspa at the end? Why do btc maxis want crypto dead? They are the fax machine only old people. Multiple currencies can exist in the future, our wallets already do it and I could see it working like the old days, some bank notes do better than others and people gravitate for different reasons. We don’t need exchanges or forex to trade cross chain.
Exactly and what a shame. I was open and actually satisfied someone would explore the cons of Kaspa, but like all BTC Maxis' he could help himself. Children have similar lack of restraint
Absolute mathematical scarcity achieved by consensus in a decentralized network was a discovery rather than an invention. It can't be achieved again by a network made up of participants aware of it's discovery. Since what's discovered was resistance to replicability itself. Tomer Strolight
SN discovered it. YS & Co have developed a protocol that gives this discovery a global benefit. There is nothing contradictory within progress, as it serves as the basis for life itself. However, one day you might discover a flaw in your logic if you actually think that progress is harmful or won't catch on in the market.
I have often commented that "absolute", like "infinite" and "perfect", is one of those words that describes things that do not exist in our imperfect world. But of course mathematics IS 'absolute'. 21 million is not a target, nor a goal, nor an estimate. it is a mathematical certainty. And ain't that refreshing in our QE world!
you actually did not discuss the tech at all. if u make a review then at least discuss the tech instead of referring making kaspa a political discussion (your bias). I think the biggest question is which of two could better fullfill the vision of satoshi, kaspa is not out to become a store of wealth that is btc place (gold) but to fullfill the dream of satoshi.
He’s not talking about politics, he’s talking about the fact that Kaspa has a known founder, which is a weakness. Public Founders can be corrupted, targeted by governments, etc
"Money always converges to one" But Crypto currencies exploded in numbers over the last years! There have been lots of monetary systems in history. Also BTC is slow af and this is what KAS supposedly solves, right? After all, since we are used to a website loading within 1 sec people usually don't wanna wait 10 mins for their transaction to succeed ("If I can download a whole video and pictures within a sec why should I wait so long for some numbers?"). KAS in my view has lots of potential and is a more modern crypto currency than good old BTC. Also there are other block chains which have different utility which can also survive because of that.
I appreciate you addressing the topic, Matt. I personally love Kaspa, and while I don’t agree with many of your points here I can appreciate your analysis and the time you took to do it. One quick point to address, Bitcoin does have the first mover advantage and I’m not sure that Kaspa can overcome that either. Still, it’s an interesting project and it’s the only non-Bitcoin project that has garnered my interest. IF there is a project that can challenge/coexist with Bitcoin, Kaspa is it and I’m personally placing my bet on it. You may not do the same, and I respect that.
great. But the video was on the assumption that it solves the trilemma but it doesnt. I have some questions tho. What happend with the transactions until may 2022? If the adoption rises, can anybody (thats not even possible today, to be fair in bitcoin either but factor 10-20x better) afford a node? Even if so, what about the needed internet connection for my own node? Is everyone able to have an 100Mbits or higher net to run a node? Will the first layer be able to serve Billions of transactions per day, including micropayments (something like streaming Netflix and paying every minute/second). Is it possible that even if there was an ICO, the launch wasnt "fair" if the discord dev op team had an mining advantage of at leat 2 weeks? I think you can outperform bitcoin in this cycle with kaspa, but only in this one and you better sell of at the right time and convert everything into Bitcoin.
There's a reason ALL alts came after 2011, after Bitcoin started trading for a fiat price and not right after 2009. It's because everyone wants to have their own money printer. Alts exist only for this reason, to make founders & insiders rich. And the Kaspa founder could have summarized his whole blog post with that single sentence, lol.
@@Gr8Incarnate You can be an early adopter now. And why would you not be? That is the entire conpect of investing. An investor lends his money to an uncertain cause at an early stage, and for that, he gets rewarded. Why would you get BTC today for 10 bucks, where the regulation has been sorted out, ETFs have been sorted out, central banks have agreed to holding BTC, and the technology has been proven for 15 years? You would not. So buy your Kaspa early, duh. Either of the two: take the risk early, or do not cry me a river down the road. People shilling Kaspa understand the potential, and in that, yes, rightfully hope for a big payout.
so, basically what you are saying that it doesn't matter how much better is a coin, technically speaking, no one can beat bitcoin because it was "the first"? lighting network has its flaws and cannot make bitcoin usable as global payment system for micro transactions. and on the other hand, kaspa has everything needed, technically speaking. and what is lightning network but just a patch to the scalability problem that Bitcoin has at its roots.
Exactly no one can beat Bitcoin. Bitcoin is gold. You don't come around with a new metal and say it is more scarce or more shiny or more chemically stable or whatnot and make gold second. It won't happen regardless of how blockchain tech develops.
I understand what you are trying to portray, but I must point out the development of kaspa is not finished so the founder cannot step away just yet. It has organic growth albeit faster due to the larger global acceptance of crypto currencies as a whole, and lastly you cannot use BTC in a grocery store, but you could use kaspa. It’s not trying to replace BTC, but rather be a fast, secure medium of exchange for smaller everyday transactions.
If you read this comment the reason i say you would not use BTC in a grocery store is due to the incredibly slow confirmation time. Once it is fully adopted it will only get worse. You can rely on L2’s but to think they could not be manipulated would be naive in my opinion.
Kaspa is better in every aspect than Bitcoin. Trying to politize it is not going to work. Money will flow through the least resistant path, it's physics and cannot be avoided
Solana is better in every aspect to Kaspa. Fastest growth in monthly active users. Higher TPS. More active development. Stablecoins on SOL is much better for payments vs Kaspa. Yet neither shitcoin -SOL or KAS- competes with Bitcoin.
In terms of tech… perhaps Kaspa is better. In terms of money, it is not better. If “better tech” was the requirement to become the global money, then we would have a new money every 6-12 months. What will you do in 2 years when a “better” Kaspa comes out? You will drop your Kaspa for the newer/better tech and claim it is the new money? I think the more likely scenario is that you will make your money on Kaspa this cycle and then sell your profits into bitcoin. That would be the smart thing to do at least. Because Kaspa will disappear as soon as the better Kaspa comes out. But Bitcoin is here to stay.
Kaspa is for everyone though… The developers being human and having a political opinion doesn’t change the fact that Kaspa is available to anyone and everyone. Can you address that monetizing bitcoin for fast transactions via lightning network and other L2s leaves it susceptible to corruption and centralization of the transactions themselves… This is what Kaspa solves. I do appreciate you covering Kaspa in this video, however, I still hear a lot of bias here.
@@chrishiemer yes, so there’s no incentive to continue mining Bitcoin once the last block is mined. We’re just pushing that inevitability to future generations.
Hot take: In the end most people won't care about centralisation of payments. 99% of people dont care about centralisation of FIAT, why should that be different for crypto? I think the future will be countries, banks and large institutions trading Level 1 Bitcoin amongst each other and most people trading BTC on Level 3 with an intermediary service just like how FIAT currencies work today. But Kaspa looks interesting and may indeed have a future, i will be paying attention to it for sure
@@miguelpereira9859 ask the people in Venezuela or Argentina or any country that hyper inflates their currency and leaves everyone with nothing. The US dollar is on its way. Hot Take
@@MaxCaspian when network fees are too high for microtransactions due to lack of scalability, people won’t use it as a currency. So bitcoin will not only fail as a currency but its security will also fail when people stop using it. Kaspa fixes this.
Kaspa is here to support Bitcoin, not to compete with it. If we unite, we can ensure that decentralized, fair start PoW coins like Bitcoin and Kaspa thrive. Fighting among ourselves only strengthens the position of corporate coins like Ethereum. Let's stand together and make the true vision of decentralized digital property a reality.
It’s sad you won’t ever see a pure btc maxi ever sit down and have a discussion face to face with someone from the Kaspa core team.. I think it’s very obvious a face to face will never happen because the btc maxi would have to face logic and facts head on with no answers. Both BTC and Kaspa are beautiful fundamentally pure projects. I don’t understand the negativity other than tribalism and protecting your own vested interests. Sad to see.
I spent my entire weekend making this 25 minute in-depth video, and you leave a response that's entirely devoid of content and doesn't respond to the arguments that I made. Is it because you don't have a good answer, so instead resort to ad hominem?
@@chingron every btc maxi that has a following of size and is publicly critical of Kaspa refuses the invite for a debate or any form of live public discourse with Shai from Kaspa. This includes the creator of this video ‘Matt Kratter’ who was invited to speak with Shai and refused to do so. This isn’t an irregular occurrence I’ve seen this with every high profile case of a known BTC maxi spreading baseless fud around kas.
@@TheRealDarkLord “every bitcoin maxi with a following refuses to debate KAS devs”. Definitely sounds like invented criticism… So… every 6-12 months… when a newer and shiner Kaspa is invented, bitcoin maxis with a following are supposed to go and debate the devs of the newer and shiner Kaspa? Please… You will probably be the first person to drop your Kaspa when the newer and shiner Kaspa 2.0 comes out. And believe me… there will be a new one in no time. There always is. Will you come back here and criticize Matt for not debating against the newer and shinier Kaspa? Or… are you a Kaspaer for life?
@@SAL-fs1mr the very criticism you have for altcoin holders married to their bags can be said about you. it's been 13 years. obviously someone is going to create a better version of bitcoin eventually. it can't scale to be a p2p worldwide payment system. it's too slow and the onboarding would take decades. you're married to your bags and thinking emotionally. whether it's kaspa or not is yet to be seen, but the fact that it could and you refuse to investigate it reveals much
@@SignalLost730 altcoin holders are simply trying to get more fiat or Bitcoin. There is no staying power, and it is clearly evident by how altcoins lose value compared to Bitcoin over the long-term. Layer 2 protocols are what enable global scale that work instantly and cheaply.
@@SignalLost730 You know what the founders of these altcoins do with the Federal Reserve notes you give them? They buy more bitcoin with them because they understand the game being played.
@@SignalLost730this happens every cycle. Kaspa is the new alt flavour of the month. After the next cycle it will get rekt and nobody will care about it anymore. We’ve seen it all before 😴
Integrity? Lol he would get smoked in a debate, he doesn't understand Bitcoin or the tech that created it. It sounds good to Normies but doesn't hold up against any real scrutiny.
@@ZoroR-k4j sounds to me like he understands Bitcoin just fine, a lot more than you out here spouting bullshit. How about you present some arguments yourself for why you think he doesn't understand Bitcoin? I'll wait lol
@@ZoroR-k4j yeah that suddenly is clear to me too. He really got no clue lmao. Looks to me someone has a lot of arrogance and not that much humility at all. Looks like he is camping at the peak of mount stupid.
Kaspa is not a digital silver, although they market in this way to not compete with BTC. Kaspa is BTC 2.0, it has everything that BTC has, and it solves BTC's Achilles Heel (scalability). The network effect is the outcome not the cause. Currently BTC has stronger network effect, but as time goes by, Kaspa will slowly gain more adoption and eventually kill BTC due to Kaspa's superior monetary technology.
@@rahulsampat8698 As a digital money, Kaspa is the perfect money without Achilles Heel and it’s making first mover advantage to build its network effect. If something better comes later, it won’t be able to disrupt Kaspa’s established network effect unless Kaspa has an Achilles Heel like what Bitcoin does (which Kaspa does not). Something later can come and provide faster speed, but it won’t matter because people will just get used to spend daily and store their wealth with Kaspa and enjoy the Visa level experience (and it’s decentralized). Kaspa will soon achieve 100 BPS, and if you come up with something new that can achieve 1000 BPS, it won't make much difference to users.
@@rahulsampat8698 As a digital money, Kaspa is the perfect money without Achilles Heel and it’s making first mover advantage to build its network effect. If something better comes later, it won’t be able to disrupt Kaspa’s established network effect unless Kaspa has an Achilles Heel like Bitcoin does (which Kaspa does not). Something later can come and provide faster speed, but it won’t matter because people will just get used to Kaspa to spend daily and store their wealth with Visa level experience (and it’s decentralized).
I’m split roughly 50/50 in Bitcoin and Kaspa. Although I may disagree with your take on it, I’m glad to hear your argument against Kaspa. Nice to hear both sides of an argument. Thank you for bringing humility alongside your opinion, I think this allows other Kaspa holders to truly value your opinion rather than disregard it due to an angry/arrogant delivery. Thank you
Sounds like to me that he is in fact the one using his youtube channel as a bully platform. Does Kaspa use it's youtube channel for bullying people? But you do pretending not to be biased, but your who video is biased, not based on any real facts. I fact checked a lot of what you said. Man, you really took everything out of context and original meaning... That's bully and being dishonest. You really disappointed.
@@barbarapaz8885 I don’t see it that way personally. He obviously doesn’t want to invest in Kaspa and explains his reasons why. I disagree with some things but in the end I think learning different approaches to Bitcoin/Kaspa is important. Only listening to the positive things on Kaspa will completely block our understanding/knowledge about it fully. There’s good and bad to both Kaspa and Bitcoin. I’d rather get the full picture of something I’m investing in rather than just see the biased opinions of other people in Kaspa ecosystem. Being open to new information>>>
I'm a bitcoin maximalist, but will highlight a clear logical inconsistency regarding convergence on a single money. Both Kaspa and btc have capped supply. For sake of argument, if Kaspa is able to credibly enforce this cap, there could be an equilibrium condition where both exist side by side. By design both have the same end-state monetary policy. For this to happen bitcoin L2(+) scaling would have to be a deficient solution relative to Kaspa. However, monetary theory provides no clear argument against a reserve asset and Low friction MOE co-existing. Much like how usdt and btc currently do. Where the volatility and onramp frictions offset usdt depreciation in some circumstances. Personally I expect btc do emerge as the dominant money, with successful scaling solutions facilitating MOE adoption. But the silver/ gold analogy has merit, in certain scenarios. A btc monetary base and exchange rate with Kaspa (or some other), allowing liquid low-cost transactions is a possible equilibrium...although unlikely However, I see no scenario where btc is supplanted by another 'crypto' as the dominant form of digital scarcity
@@Bitcoin_University wow this level of toxicity and childishness to another coin that isn't even trying to be a rival but is doing P2P transactions in a fast secure and scalable way doesn't reflect well on the Bitcoin community.
@@jaylund521Any innovation that supercedes BTC tech is a potential threat to them. Permit them to keep swimming in their ignorance. The wise ones among them are gradually leaving their cult.
Bitcoin can handle a world population of 604,800 if each person does only 1 transaction a day. Beyond that, you are backing up the mempool and the fees for each transaction are increasing as the network backs up with the very small population. So, you will need to use a centralized layer 2 platform (sort of like using the Swift Network with your Visa card). No thanks... I want POW, Layer 1, decentralized. That would be Kaspa.
Interesting take...a lot of insight in it...I think Kaspa holders can be reassured that regardless of whether Kaspa "replaces" BTC or not, it will still grow in value bc of the properties that BTC doesn't possess, in the way Eth did (but failed bc of gas costs, POS). The market still wants a fair-launched, POW, smart-contract, fast confirmation coin for DeFi and transacting. It might be the silver to BTC gold. I am hedged by owning both in 1:1 Kas:BTC $ ratio and the value is now 2:1 in favour of Kaspa. I think Kaspa has more short-term upside potential. I think putting some of the Kaspa profits into BTC and gold (and real estate, etc) is a good strategy. I agree with the Raoul Pal macro model that every 4 years they inject enough liquidity to refinance the system and that in the next 12-18 months we will see a massive increase in prices of all assets esp crypto. Thanks for the great video. Subscribed
This video started really well for the first 4 minutes, remaining on the subject. Then from minute 4 to 10 it basically fuds under the belt, talking about subjective, unrelated things to the technology, talking about Israel, taking advantange of the low public sentiment of Israel, trying to rally people against Kaspa based on that. Then from minute 11 and on it banks on Bitcoin's veterancy. From minutes 13 it references how Kaspa is claiming the Silver use case (silver was used as currency, while gold as store of value), but op fails to dive into the fundamentals and technical properties, and why Kaspa could infact claim to be current and Litecoin cannot because exactly like Bitcoin it lacks the technical abilities to scale. The rest of the video brings up important aspects and topics, but all claims are opinions of the op, no formulas, no numbers, not even a slight attempt to back up the op's claims. To summarize, the video is made around the wishful thoughts of the op, without trying to understand the technical fundamentals and the innovations of Kaspa, or worse: the op read about them but trying to hide them from his viewers. There are formulas that predict exactly when Kaspa will overthrow Bitcoin at the top. Op made this video to scare people and threaten them not to even think about Kaspa. I give this video a thumbs down. Try harder. Kaspa is a decentralized movement. It's entered the peripheral vision of the big league. You can't stop it. Many people tried to fud before you. They were not successful. From here it will keep growing even bigger, just like it has been growing until now. #Kaspa $KAS
Before I was 100% BTC. Kaspa is the only project I have accepted to sell BTC for. Now I'm 70%BTC and 30%KAS. I have the impression that you have a bias against Kaspa mate
He is entitled to criticise kaspa, I make an effort not to be in an echo chamber and want my views challenged to see if they stand up to scrutiny. Only wise way to go about it. I got into Kaspa in 2022 and still buy it now. Both are POW, kaspa has the blockDAG, bitcoin has a special status as the first and only crpyto thar can sit at the top mostly unchanged simple digital gold. It gets that as it got there first, it was the first. Now as for 2nd place and lower, kaspa can solve the layer 2 mess and costly gas of ETH and SOLs issues also. Kaspa solves the blockchain trilemma, this gives it advantages over every thing except bitcoin as bitcoin will always be number 1. We're not trying to comeotr with bitcoin. I also do not like Proof of Stake, Proof of Work is how it is the best for security. Bitcoiners and those into Kaspa are more compatible that one would think at first glance. They don't compete with eachother. Nothing completes with Bitcoin.
@@dudleydooright and so was bitcoin. An educated fool's bet. I take it. And I respect your opinion and your choices with your money and life. Enjoy your life!
As a bitcoiner and Kaspian myself I see many bitcoiners not understanding the innovations Kaspa has introduced. Hit me with your critic about Kaspa because I see many people lost here.
@@Bitcoin_University If you researched it you would find out the rapid emission schedule combined with an algorithm for which there weren't any ASICs at the time of launch reduces centralization at start (obviously that was one of the reasons) and volatility long term. How does it reduce volatily? Well Kaspa has a halving each year that is progressive scaled in every single month. This reduces volatily in price over time compared to BTC that has a halving every 4 years and that reduces to half suddenly. Kaspa will also have Smart Contracts that will keep miners receiving incentives to maintain the networks security as opposed to BTC that relies and the price going up indefinitely while not increasing ways to maintain other source of increasing security budget if the market would stagnate and the price wouldn't go up like it has through a decade. I see you are missing some basic things about the decentralization Kaspa has introduced while maintaining BTC like security (assuming similar hashrate of course because I will be talking about design here). The high speed of Blocks in Kaspa's BlockDAG is not only about being better for P2P transactions (600x faster than BTC at this moment) it is also about decentralization. A blockrate of 100BPS for example would allow for a big miner with 1% of the hashrate to have predictable income because mathematically it will mine 1% of the blocks as opposed to BTC where there are much more participants and competition for much less blocks that get much less diluted through participants hence making BTC much more centralized than Kaspa. When a big miner on BTC goes bankrupt it will have much worse consequences on BTC than on Kaspa because BTC blockchain is much less decentralized.
@@Bitcoin_University The distribution is the biggest downfall IMO. It needs to be small for the first decade for testing/resilience, then ramp up for 50-100 years, and then taper off to nothing.
@@Bitcoin_Universitymy man you spent only an hour researching Kaspa. You need to dig deeper, clearly you're missing how Kaspa is the most decentralized, secure and scalable project. No coin is replacing BTC, don't worry.
@@Bitcoin_University Kaspa was fairly launched BTC style with no premine, no ICOs, no marketing budget etc and has many mechanisms that make it more decentralizaded than BTC it self. For example Kaspa’s high BPS speeds not only provide fast transactions but also help miners have an exponentially more predictable income thus helping the network’s growth and sustainability. For example when Kaspa has 100BPS a mining company like @MARA that has 1% of the total network’s hashrate can know that it will averagely obtain 1% of the mining rewards making their survival much easier compared to BTC miners who have a much harder time predicting their income. This also helps reduce the volatility BTC experiences due to miners going bankrupt when price doesn’t go up. Additionally Kaspa’s halving each year (BUT scaled in every single month) helps reduce volatility also.
bitcoin is a line of computer code that doesn't deliver, it is not money, physical gold and silver are money and Kaspa actually delivers on being a "peer to peer digital cash" unlike bitcoin.
M, re your comment about not trying to time the purchase of BTC & hanging on to it is spot on. Hope folks heed your recommendation. Thanks for making your videos. Am sharing them (the link) on Gab.
Plus ... Winner takes most, not all there's always competition. I keep an open mind ~ Never married to any one coin as things change very frequently. I do admire you're Conviction Matthew
I think that Satoshi did not create digital scarcity. He discovered digital scarcity by means of the bitcoin protocol. This cannot be done twice. You cannot discover fire twice.
Perhaps not, but if the first method of "fire discovery" was rubbing two sticks together (Bitcoin), then it is reasonable to assume people will come up with better ways to create fire. It isn't about "rediscovering", it is about making the process better, more efficient and in a way anyone can do it.
Mathew the most of my comments are you channel are criticism. Videos like these are why I respect your opinion and subscribe to your channel as well as your philosophy. Great content and thank you for your diligent work.
Marathon wouldn’t make the disclosure that they where mining it and plan to double hashrate if this coin wasn’t fully vetted and had a future. They’ve never mined anything else. I am a long time btc holder, but i am not a huge altcoin fan period. But when the world’s biggest mining company that is connected to some of the biggest market makers adopts and makes clear they will support kaspa it is hard to deny that it has a future. I wish the founders did not talk about israel or politics, but at the end of the day they are a separate entity completely from kas, if satoshi where to come out of hiding today, would his personal opinions weigh in on Bitcoin? Or would that defeat the idea of decentralized community driven pow? Kaspa has the same community strength, it is still very young the core tech itself is the seller, much like bitcoin, and all the l2/smart contract dapp stuff that will be built in the future is irrelevant. Most normies buy a coin and hold it and dont care at all to know what it is or what is happening with it, they however especially most everyday investors will look at marathon which is a poster child for btc adoption, and see that they are adopting kas. Good video though!
Marathon also has a history of bad decisions and bad operations though (bad mining efficiency), so, not sure how much weight you should put behind a single decision of their's that affects only 1% of their mining power.
@@simonp6339 Yeah but to make the decision to become multi coin im sure carries a tremendous amount of due diligence.. 1% of their mining capacity is still a boatload. They have over 230,000 btc miners and have been doing this for years, 1% is substantial lol especially with them being the biggest by a margin of billions in mktcap
For those just learning about Kaspa, it also launched smart contracts yesterday. It's fast, high volume, low cost PoW with instant settlement (ideally), so the financial services in the smart contracts could be the bridge to new users to use as a currency. Maybe the $4B coin's community could take it's sights off the $1T Bitcoin and prove what services it can provide better with smart contracts and kill ETH and the ETH killers.
the founders named it silver to compliment btc... the maxis have set up the its Kaspa vs btc because they are fearful, this video highlights that sentiment
@@jwilliams6286 Though I fall into the trap of crypto as team sports myself the mission of crypto is to do what governments and banks do without being an abusive central authority. There is room in the currency and financial services market that Bitcoin and Ethereum are not providing. This cycle the no-coiners are complaining the transactions are too slow and costly. Maybe Kaspa has features to provide better services. We'll see. KRC20 was launched yesterday and it was less than ideal. Watch the Kaspa / KRC20 ecosystem to see how it bounces back over the coming days.
KRC20 is not SC nor is it developed by Kaspa. SC are mostly ponzies to leverage assets. They can push the price of a coin but can't improve the coin itself.
Matt, this was an excellent video. When you put out free thinking, and frankly brave, stuff like this, I am reminded of why I have been following you since the beginning. Once comment, I skipped this video initially because I thought it would be one of your satirical videos where you rip on something by acting as if you are actually considering if it is a good idea. Very glad I didnt miss this. Your ability to step back and consider new ideas that call into question your strongly held beliefs is very unique. Thank you!
You let a maxi settle it for a coin that is not Bitcoin? LOL... come dude, you need to put a little more effort than a single video from a Bitcoin maximalist. And hey... fine, stay all in on Bitcoin... it is less risk. I agree with Matt on that point. But, if you want to make greater gains, you need to take risks.
Ah the classic. I'm too lazy to do my own research so let me watch one video from a BTC maxi rampling about politics to make up my mind for me... unbelievable. DYOR goddamnit
The problem about Kaspa is that “high TPS” doesn’t mean fully scalable money. There is still a point where demand surpasses TPS. Bitcoin accepted this fate at least.
ICP had a large premine (initial allocation to insiders who basically printed up money for free for themselves, that they can then dump on retail investors)
If you dont understand why, it’s because you fail to see the bigger picture. Imagine there was this scam… the greatest Ponzi scheme of all time… and the root of all evil: fiat money. Government controlled money which can be printed, which means stolen from the current holders/savers. Printed money which is used to choose the winners/losers in society, fund wars, and enable all government corruption. Sounds horrible, right? Guess what… that is the world you live in. Now… imagine a new money was invented/discovered. Something with the power to destroy this scam. Something honest and grassroots. That is bitcoin. Bitcoin is the only thing which has a chance of ending this scam. Ah… but here is the problem. After the discovery of bitcoin… thousands of people/scammers are trying to ride the coattails of Bitcoin by creating their own “better” money. All of these “coins” are a distraction from the ultimate goal: destroying fiat money. This is the bigger picture and this is why bitcoiners hate everything else. Is Kaspa a scam? Probably not. But… there will be a newer and better Kaspa in 6 months. Then what? Should we switch to the newer tech every 6 months? Of course not. That isn’t how money works. Every new coin that someone invents to make themselves rich is just a distraction from Bitcoin succeeding at making the world a freer and better place. Understand?
It’s not about hating everything else. It’s realizing everything else doesn’t make as much sense. "Diversification is protection against ignorance… it makes little sense if you know what you are doing." - Warren Buffett "The way to become rich is to put all your eggs in one basket and then watch that basket." - Andrew Carnegie "Diversification is selling the winner to buy the losers.” - Michael Saylor “Economic systems converge to a single form of money due to the nature of trade.” - Parker Lewis
I went through this in the early 2000's.... Being a network engineer, we had to support no less than 5 different network protocols. Each protocol required a team of 5 different engineers to keep the enterprise running. We eventually settled on TCP/IP and fired everyone else. It's the natural evolution of efficiency. Think about all the different ledgers, the management, analysis, compliance, and engineering personnel required to keep a blockchain going. It's completely unnecessary if a single ledger is "good enough".
Meh. This comes off as obstinate, blindly fanatical, and honestly just lazy. Bitcoin is amazing. But so is Kaspa. And people who dogmatically stan for Bitcoin's core principles and endorse lightning at the same time are so hilariously incongruent. lol, criticizing others for deviating from maximalist ideals while straddling dualistic perspectives... toxic indeed...
I see many Bitcoin maximalist don't understand some basic things about the decentralization Kaspa has introduced while maintaining BTC like security (assuming similar hashrate of course because I will be talking about design here). The high speed of Blocks in Kaspa's BlockDAG is not only about being better for P2P transactions (600x faster than BTC at this moment) it is also about decentralization. A blockrate of 100BPS for example would allow for a big miner with 1% of the hashrate to have predictable income because mathematically it will mine 1% of the blocks as opposed to BTC where there are much more participants and competition for much less blocks that get much less diluted through participants. When a big miner on BTC goes bankrupt it will have much worse consequences on BTC than on Kaspa because BTC blockchain is much less decentralized.
@@pepsico815 Your answer shows you have no clue about decentralization. If you actually read what I said you would realise I specifically pointed out the importance high BPS have for decentralization and reduced volatility because of better distribution between miners. Nobody said "TPS faster = better because I said so" I laid out one of the reasons why this is important and there are many more. Another one for example is high BPS will help reduce Miner Extractable Value attacks (also called Sandwich attacks) on the BlockDAG when Smart Contracts come through, which will make it more competitive than ETH while maintaining BTC security levels (theoretically under same conditions or if we were to assume similar hashrate)
As an 'insanely fanatical Bitcoiner' myself, may I say that you sound rather defensive in this video? I will need to watch it a second time, but my initial reaction is that I'm intrigued. Kaspa sounds like a genuine project, not a get-rich-quick scheme like most crypto's. Also, I'm not entirely convinced that money will continue to be a 'winner-take-all' asset. It seems, at first glance, that Kaspa has quailites that Bitcoin lacks, and of course vice-versa. Maybe Kaspa will work like Liquid or Lightning, with Bitcoin being more like a secure vault? I'm just speculating here, and doing so largely from a position of ignorance. But history doesn't stand still, and for some time I've been of the opinion that Bitcoin, miraculous though it be, will probably not be humanity's last word in money. Having said that, the wheel has not changed much over the aeons. Speaking personally, I'm not bothered by the Israeli connection or the political overtones, though I'm sure others will be. I would have far less faith if Kaspa had been created by Imams or Mullahs. But that's just my view. Finally, I think I will "get some, just in case it catches on", to coin a phrase. Just a few hundred dollars-worth, just for the fun of it. And I would most definitely not sell my Bitcoin to buy Kaspa, not unless the world turns upside down. Thank you for a very informative video.
the reason i ddnt buy bitcoin before all of you, i actually just mining it on a browser at the time imagine the low difficulty is simply because of syncing my node. Thats it plain simple reason. i dont trust exchanges and third party wallets so i have my kaspa in my own computer without bloating my storage. these bitcoiners will never understand me
It was a really good episode, I love how it triggered all these shipcoiners. By the next cycle no one will care about their shipcoin, just as nobody cares about the endless ammounts of shipcoins coming and going in each Bitcoin cycle.
Kaspa sounds like an improvement on speed without sacrificing security and decentrilization but it doesn't address Bitcoin's three most significant shortcomings hindering it's adoption: fungibility/secrecy, offline transactions, and intrinsic/inherent value.
Offline transactions will never get resolved due to timing. Intrinsic/inherent value to red herings - everything has relative value, and it's based on a decentralized opinion.
@@blindSilver3090 Well Bitcoin went from $300USD in 2015 to $60,000USD in 2021...so your claim is that it's a bad store of value that it retraced back to $16K as interest rates went up and overleveraged traders got margin called? Because it _only_ retained 200X it's cost basis from 2015? It's not as if gold can't _also_ be purchased with loans (i.e. leverage)...but nobody wants to do that with a pet rock which provides no yield _and_ has no compelling prospect holding it into the future. Something you're trading your dollars for needs to have at least _one_ of those traits.
Kaspa has 1000 times less proof of work security behind it compared to Bitcoin. So it fails on the security side of things. And the Israeli dev team is a negative in terms of decentralization.
My understanding is that the future development is dependant of a team of developers. What makes it different to KASPA? I understand Satoshi is anonymous as opposed to Yonatan, but Satoshi "only" started BTC with the main approach. All the dev were done by other people and a small group of "leaders" (dev and ambassador) currently promote BTC? Not sure to see the difference with KASPA ...
Appreciate the honest comment on KAS. The main goal is really increasing humanity freedom . BITCOIN might be the only one or it might not , no one human has control over it only time can tell . KAS is just trying to pusb POW crypto limit and see what can be used of it for humanity same as BITCOIN.
Thank you for another great video Matthew. Although I’m not considering anything else than BTC it’s always nice to be reminded why that is 😊 I have a suggestion for another video. Since you know Peter Thiel quite well I would love to know your thoughts on his Bitcoin skepticism. Or would that be inappropriate?
4:28 Correction: October 7th is the date Hamas invaded Israel from the Gaza strip thus starting a war, on October 27th Israel launched a full scale invasion on the Gaza strip in order to take down Hamas.
@@trublu3483 ADA is one of the worst-- large premine, proof of stake, always losing value against BTC. And Hoskinson is just plain gross, in my opinion
Thanks for another great video. When we look at how far BTC is from it's all time high, it's not especially far away. When one looks at how far the typical altcoin is from its all time high in USD we see that it's miles away and never going to get back there.
There's an unintended mistake in this video: October 7 was the day of the Hamas attack, while October 27 was when Israel launched its full-scale invasion. I misread the Wikipedia article while recording the video. Wiki article here for reference:
en.wikipedia.org/wiki/Israeli_invasion_of_the_Gaza_Strip_(2023%E2%80%93present)
Matt, I forgive your error lol. Great video by the way, content is getting better and better!
Great video nevertheless. Mistakes happen.
Thanks for correcting this. I was going to comment that you framed that tweet in a strange way. But you are a man of character who fixes any mistakes.
@@paulcumes here they come.
Kaspa is here to support Bitcoin, not to compete with it. If we unite, we can ensure that decentralized, fair start PoW coins like Bitcoin and Kaspa thrive. Fighting among ourselves only strengthens the position of corporate coins like Ethereum. Let's stand together and make the true vision of decentralized digital property a reality.
Satoshi disappearing is a spark of pure altruism within a sea of self-interest.
Great comment
There's a picture of Charlie Lee next to the definition of "self-interest."
I have a little concern about the true cause of Satoshi's disappearance... his last messages voiced concerns to Julian Assange about BTC being used by Wikileaks for finance so governments couldn't financially control it .. he seemed to feel BTC was at a fragile stage and that this had released a hornet nest ... not too long later he went silent ... something about this leaves me unsettled
Who's to say when and if he/they come back no guarantee he won't.
@@jaylund521 Ooh. My thought exactly. Didn't he/they/it recently-ish reemerge after a long absence in which bitcoiners thought he was dead?
Kaspa Silver just uploaded a video that clearly and politely explains the misconceptions in this video.
didnt age very well xD
I'm heavy into Kaspa, but I subscribed as I like your analysis and am not afraid of shining a light on Kaspa. I want to say that Kaspa is not ever going to compete with or surpass Bitcoin. Kaspa is going for ETH and SOL. BTC has the number 1 spot and always will. It can be slow, it can be without smart contracts, it's digital gold. Kaspa is looking to introduce smart contracts soon and compete with SOL and ETH using its better tech for that. I love BTC also.
Agree. I see KASPA and BTC co-existing. No need to be a "BTC-killer" to survive. They both address different needs.
@@karboxylose63 didnt age well xD
@@afonsomendes6907can you explain what you mean? Thx
@@afonsomendes6907 why what happened lol
@ kaspa only 10% growth in the last 12 months. So much for the silver to bitcoin 😂😂😂
so many comments....kaspa's community is underrated
You present several logical fallacies in this video:
1. If nobody has succeeded in building a better bitcoin in fifteen years, how can you claim there will be a newer shinier kaspa every 6 months? There are already kaspa copycats trying to capitalize on kaspa’s success. None of them have improved upon kaspa.
2. You present YS as some mythical “CEO of Kaspa Inc”. Kaspa is not a corporation, it’s a community-driven fair-launched PoW with no VC or preallocation. YS developed GHOSTDAG, but he is not the one(s) writing the code. That is done by a diverse community that spans the globe.
3. If Kaspa was somehow anti-muslim, why is it so popular in Turkey? What a convenient omission!
I know you’re trying to seem insightful, but your myopic “deep dive” into kaspa, which largely ignores its revolutionary technology which is disproving previously assumed impossibilities and instead focuses on your armchair politics (you are neither arab nor jew) only confirms your bias, and your remark about a little boy sitting home playing with toy soldiers perfectly describes your attempt at political conjecture.
You didn’t even TRY to be objective, and you conveniently didn’t compare any of kaspa’s technical capabilities with bitcoin’s, and it’s obvious why.
Kaspa doesn't solve any problem that Bitcoin hasn't already solved. The fastest block time isn't the big sell they think it is (and they don't even have that). It's light years away from adoption and if it hasn't happened now, it won't. Too many competitors that do the same thing. Dump it while you can without losing.
@dudleydooright what kaspa maxis don't get is that years ago just as is stated in the video BTC was shown from the block wars that speed ment nothing in the aspect of a dag or a blockchain. It doesn't matter is Kaspa was X amount faster than btc. Unless they changed the function of the meme pool to act like Solana, and have a set gas, the speed is irrelevant.
Literally once KRC-20 launched they quickly saw how Kaspa with Dag, with 1 block per second etc, doesn't solve the memepool, slippage, and gas issues that BTC realized again years ago.
If the gas is adjustable, then the way a memepool works it has to prioritize all higher gas transactions before the lowest average transaction. In the event of like KRC-20 you have high congestion or like on BTC if you try to make a purchase of a coffee at any given time your purchase will either become like slippage or jist pend until your gas is reached in the memepool or the timeout delay rejects it.
They saw this issue years ago that's why there's absolutely no need for BTC to be faster and why lightning was created. That's why btc cash, ltc and others failed compared to btc because speed increases or block times or size etc does nothing to solve this.
That's why Solana and Eth are in the top 5 because they solve this but via proof of stake because realistically mining is why the gas has to be adjustable to make maintaining the security a profitable endeavor. Or else with proof of stake you can use validators to achieve security and the gas can either increase in Eths case , but spread equal to everyone, and relieve congestion due to the price, or Sol and have a set gas for everything and it suffer congestion. Sol and Eth stand a greater chance at becoming silver to BTC gold than kaspa ever can.
The only projects coming for the top 10 is ICP and Quai Network.
Great insights, KASPA is legit. You sent this particular Bitcoin guy to his own University.
@ChrisMyers-bu9sw marathon came out and flat out said they mine kaspa at 1 kwh and make 1.00, and btc they make .08 cents. And that they sell kaspa aka dump it to buy bitcoin. Make it make sense kaspa maxis??? I told you guys Krc-20 was a way to generate revenue for the miners because kaspa has consistently become unprofitable.
@@ezew4144 newbie to crypto here, why does mining profitability matter in the grand scheme of things?
Sompolinsky might be the founder but as soon as the nerwork was launched he became a member of the community. He's a optional pro in building forward.
Indeed, he just writes the White Paper and the community works on the project.
I’m a bitcoiner, however if store of value and money for transacting would be the same asset (bitcoin), wouldn’t it mean an inevitable centralization in the end? Meaning if all the, let’s say, western world would transfer now once an on-chain transaction to lightning network, or to their friend (even without too much history / utxo), the memepool would be prolly be overloaded tens of years.
Transaction fees would skyrocket, RBF would be in heavy use with no solution in sight. So, self custody would die and centralization would be inevitable to transact with?
This is why I’m also interested in possible highly scalable (supposed trilemma solvers) on layer 1, and Kaspa sounds pretty interesting at that.
The solution is not to seek out other chains, but rather to hold chunky UTXOs that are larger than 1 million sats, and also slowly transition some holdings onto L2 like Lightning, so you are ready for fee spikes. Kaspa has exactly 0% probability of displacing BTC at this point. We're already at the point of global nation-state BTC adoption that is going to really take off in 2025
Saylor says you get BTC at the price you deserve. I see it a little differently. BTC deserves the price it gets. Maybe someday Kaspa will deserve a high value. Good luck Kaspa army, thank you for getting into ring. Peace.
In the end no one knows the future 😅 BTC is king but exposure to better tech is never a bad idea
@@kenmay5532 it's not "better tech" regard.
Pew pew
I’m Muslim and don’t care about Yonaton’s perspective. It’s his view and his people. Everyone hurts in war. I still buy KAS because of the project and the view of others do not matter.
Fair enough-- thanks for sharing this
Good to hear
While that might make sense to you. The argument is still valid, money needs to be neutral. Or the best most ideal money should be neutral. The reason why the dollar is starting to lose it's status is precisely because it stopped being neutral. All dollars are essentially IOUs, that you can keep it and only if the powers that be don't decide to take it from you.
You missed his point. This is not a truly decentralized currency is the only point. There must be no leader or central team.
@@scholasticphilosopher760 Kaspa is neutral regardless if the founder is or not. He has no significant portion of the coin.
Kaspa is not trying to replace btc, the team is trying to fulfil satoshi’s original vision which is a peer to peer currency. Even my hairdresser knows btc doesn’t achieve this but acts as digital gold which in itself has significant importance.
😂😂😂😂
When will this end?
Layer 2 BTC...
Mossad black fund
There’s the lightning network for small scale instant payments that’s being used around the world today.
Yes we've heard this argument a few million times already. Always a scheister trying to do it. Pass.
I'm going to store this video and will come back to it in about 10 years.
Don't need to argue anything, it makes no sense arguing with people who are not open to anything.
I will let the future talk for itself.
In 10 years btc will be at 10m a coin and u will massively regret not listening to matt
Vonnie vonnie @@Vonnie12, you clearly don't understand my comment is not about the btc part.
And you clearly didn't do any research about kaspa, same as this dude who made this video.
If you follow him and don't invest in kaspa besides btc, you are the one who will miss out. 🤐
And that's why my comment says: I will store this video.
My kaspa already did 20x (and has potential to do at least another 10x this cycle from this point) while btc did 6x from lowest point (and has a max of 2 to 5x from now this cycle).
So which one is the better investment for ROI?
Get it?
And I'm not interested in what it will be in 10 years as I sell to the top and buy back at the low every cycle again.
Your comment says it all. You will be my exit liquidity just before the top, thank you in advance.
wanna talk now? or do you still wanna wait longer?
@@afonsomendes6907 Why? It's just the beginning 😂
Putting kaspa in bitcoin at 20 cents? Sry but you have no clue about crypto, i doesnt matter if kaspa can be as good as bitcoin, its about returns, if you think you can make more money with bitcoin there is no hope for you, kaspa will hit at least 20 dollars in the next years, which would give you more than a 100x on your money if you buy today, bitcoin wont even come close to that, so kaspa would be the better investment if you wanna make a lot of money, btc is only useful if you already made tons of money and wanna put it somewhere safe, stop misleading people
Yea people say that about a lot of coins bro. Plenty of shitcoins that do and are going to do 100x.
Buy pepe. Lot of x left ❤
Only you shii coiners care about fiat gains.
😆🤣 You have to get out of the Kaspa echo chamber. It's one of a thousand sh*t coins. Bitcoin is everywhere. Kaspa will never have that.
@@dudleydooright i ll talk to you at the peak of the bullrun when i 30x my money and you bearly made a 3x 🤣
This was bitcoin fanatism vs explaining Kaspa
There is only one king
bitcoin fanatism keeps pushing btc to ATHs compared to Kaspa
Yonatan Sompolinsky (Kaspa founder) is one of the most referenced crypto authors in the whole industry and was one of the first people to make a serious analysis on BTC's security back in the day. Also Aviv Zohar another Kaspa dev had papers on trees, nodes and ecash transactions before BTC existed. You are not doing yourself a favour overlooking this facts. If you have used crypto at all these years chances are you have used tech developed by this people. DYOR
All of those facts are irrelevant to the launch of a neutral money. Yonatan is obviously a really smart guy, as is Aviv
@@Bitcoin_University Kaspa was launched BTC style with a Fair Launch with no premine, no ICOs, no budget for exchanges etc so it is as relevant for neutral money as Bitcoin was in terms of fairness on its launch. Also I insist, giving a blind eye to some of the most prominent authors in the space contributing to the industry throughout a decade and whose work has been used by many multibillion coins while not developing one themselves until 10 years later until they sorted out BlockChains' shortcommings... well, it is not a good idea. One should research. I repeat, this research took 10 years and these guys didn't develop a coin themselves until they sorted the tech out while many have become billionaires out of Kaspa's authors' research. DYOR
Yes they are smart people but that doesn't mean they will create a form of money any better than a central bank. The aim is to achieve a system outside the control of any one privileged party. Reading the posts of Sompolinsky you see he kind of likes privilege and he is a bit of a nut, he won't attract trust like BTC has.
@@Bitcoin_Universityis Dollar neutral money/currency? Dollars have been used to fund wars in Middle East, yet you take an American 100 dollar to middle east, and every time the people will choose dollar over their own currency.
Money doesn't care about aran or Jews, no matter dollar, Bitcoin, or Kaspa.
@@HowardARoark I been following everything he says for some years now and I have never seen anything like you describe in fact I would say he is quite humble and anyone that sees his interviews will see his biggest passion is decentralization and crypto. No guarantees but Kaspa while maintaining BTC values and security (theoretical by design or assuming similar hashrate) has introduces many features that make it much more decentralized than BTC. For example> high BPS for miners to be able to predict their income as a function of % of the hashrate they contribute to the network, exponential reduction of cost for solo mining participants, pruned nodes that reduce storage cost (beside full archive ones), an algorithm for which they were no ASICs and a fast emission schedule to avoid getting centralized by ASIC miners at the beginning (many coins had problems with this), no orphan blocks so that all of the power contributed to the BlockDAG is taken advantage of etc etc. There are many
I saw some mining channel talking about mining Kaspa and then trading the Kaspa for bitcoin. The logic behind it was Kaspa's lower total hash rate made it easier to mine. The miner was doing that with a few other coins as well. The endgame was to get Bitcoin as cheaply as possible.
one of to many raison the miniers start min kaspa is have no orphans block
Yup, sounds like it's proving Matt's point. In the long run, your Kaspa will trend to zero as it has with Litecoin, etc.
@@ScottSheppardTheWombat no oone have crystal ball meybe could hapen to btc who know
@@ScottSheppardTheWombat Give reasons.
The mining channel will regret it at last because of his ignorance.
Do a deep research, don't rely on a TH-camr with his own bias, and save yourself from the curse of the maxis.
You need Kaspa's silver to Bitcoin's gold because of the scalability problem. It is not the divisibility at issue, rather it is the amount of transactions that can be handled in any given time frame. You are not going to be able to pay for lunch with Bitcoin if everybody is trying to do the same. So, Bitcoin transactions are more purposeful because they are slow and expensive. Kaspa solves that problem on chain without a layer two and as such remains decentralized. Bitcoin uses layer 2 solutions like Lightning, which is centralized.
As for the emission rate schedule of Kaspa, I think it is very interesting and may be better than Bitcoin's emission rate (halving every four years). Bitcoin is already 92% mined, so it's not like it took all that long to get to that high amount. Kaspa halves once a year, though that decrease happens incrementally each month. The good thing about this is that if you are buying Kaspa now, the value is not going to be heavily diluted later on as is the case with so many other projects.
What's the size of the kaspa blockdag in GB?
Use stablecoins. Next question.
@@Sawa137 Kaspad can run on various hardware configurations, having at least 4 to 8 GB of RAM, a 4-core CPU, and a good internet network connection is recommended. While some computational work involves processing and verifying transactions and blocks, it’s not very demanding, especially for modern computers with decent processing power. However, the amount of storage space required can be significant. Therefore, having enough disk space to store the blockDAG data is essential. About 50GB should suffice.
im running my rusty node only 15gb @@Sawa137
I understand the sentiment, and you're missing the main point. It's the fact that it's a separate token that makes it a problem, not the technological underpinnings. BTC is, factually, a bulletproof reserve currency on the base chain. Lightning is part of the scalability solution, as are Liquid, Fedi, Ark, etc. Your comment here assumes that the scalability challenge isn't being tackled by a massive group of people. It definitely is. The combination of all scaling solutions working together seems to already solve the problems that Kaspa purports to also solve. So, if L2s all working together get the same functional result as Kaspa, then Kaspa isn't 100x better than BTC, and I fail to see why it makes sense to switch.
Why degrade kaspa at the end? Why do btc maxis want crypto dead? They are the fax machine only old people. Multiple currencies can exist in the future, our wallets already do it and I could see it working like the old days, some bank notes do better than others and people gravitate for different reasons. We don’t need exchanges or forex to trade cross chain.
Exactly and what a shame. I was open and actually satisfied someone would explore the cons of Kaspa, but like all BTC Maxis' he could help himself. Children have similar lack of restraint
Do another video on a deep dive into GHOSTDAG, if its a true innovation, I'd like to understand it more
He just said that's irrelevant.
This is Bitcoin University, you'll have to look elsewhere
@@realAfricanIt's irrelevant because it doesn't support his bias.
@@realAfrican anyone that says that ghostdag is irrelevant is a dinosaur.
Maybe one day he'll make a 2nd channel called Kaspa University @@realAfrican
@@BlueBacon1111 lol thats @cryptodanks channel
Absolute mathematical scarcity achieved by consensus in a decentralized network was a discovery rather than an invention. It can't be achieved again by a network made up of participants aware of it's discovery. Since what's discovered was resistance to replicability itself.
Tomer Strolight
Great quote-- more brilliance from Tomer
SN discovered it. YS & Co have developed a protocol that gives this discovery a global benefit. There is nothing contradictory within progress, as it serves as the basis for life itself. However, one day you might discover a flaw in your logic if you actually think that progress is harmful or won't catch on in the market.
I have often commented that "absolute", like "infinite" and "perfect", is one of those words that describes things that do not exist in our imperfect world.
But of course mathematics IS 'absolute'. 21 million is not a target, nor a goal, nor an estimate. it is a mathematical certainty.
And ain't that refreshing in our QE world!
you actually did not discuss the tech at all. if u make a review then at least discuss the tech instead of referring making kaspa a political discussion (your bias). I think the biggest question is which of two could better fullfill the vision of satoshi, kaspa is not out to become a store of wealth that is btc place (gold) but to fullfill the dream of satoshi.
He’s not talking about politics, he’s talking about the fact that Kaspa has a known founder, which is a weakness. Public Founders can be corrupted, targeted by governments, etc
@@Bitcoin_Nick He has nothing to worry about, its even better its one founder and not 2 for the government
"Money always converges to one"
But Crypto currencies exploded in numbers over the last years! There have been lots of monetary systems in history.
Also BTC is slow af and this is what KAS supposedly solves, right? After all, since we are used to a website loading within 1 sec people usually don't wanna wait 10 mins for their transaction to succeed ("If I can download a whole video and pictures within a sec why should I wait so long for some numbers?").
KAS in my view has lots of potential and is a more modern crypto currency than good old BTC. Also there are other block chains which have different utility which can also survive because of that.
I appreciate you addressing the topic, Matt.
I personally love Kaspa, and while I don’t agree with many of your points here I can appreciate your analysis and the time you took to do it.
One quick point to address, Bitcoin does have the first mover advantage and I’m not sure that Kaspa can overcome that either. Still, it’s an interesting project and it’s the only non-Bitcoin project that has garnered my interest. IF there is a project that can challenge/coexist with Bitcoin, Kaspa is it and I’m personally placing my bet on it. You may not do the same, and I respect that.
great. But the video was on the assumption that it solves the trilemma but it doesnt.
I have some questions tho.
What happend with the transactions until may 2022?
If the adoption rises, can anybody (thats not even possible today, to be fair in bitcoin either but factor 10-20x better) afford a node?
Even if so, what about the needed internet connection for my own node? Is everyone able to have an 100Mbits or higher net to run a node?
Will the first layer be able to serve Billions of transactions per day, including micropayments (something like streaming Netflix and paying every minute/second).
Is it possible that even if there was an ICO, the launch wasnt "fair" if the discord dev op team had an mining advantage of at leat 2 weeks?
I think you can outperform bitcoin in this cycle with kaspa, but only in this one and you better sell of at the right time and convert everything into Bitcoin.
If you don't agree with his points why don't you rebut the video right here?
If Matthew is wrong, we'd all love to hear it. :)
There's a reason ALL alts came after 2011, after Bitcoin started trading for a fiat price and not right after 2009.
It's because everyone wants to have their own money printer. Alts exist only for this reason, to make founders & insiders rich.
And the Kaspa founder could have summarized his whole blog post with that single sentence, lol.
Great comment
Well said
100% pure greed, nobody really gives a crap about the technology if it isnt profitable...
Exactly, anybody shilling kaspa is just an early adopter hoping for a big payout.
@@Gr8Incarnate You can be an early adopter now. And why would you not be? That is the entire conpect of investing. An investor lends his money to an uncertain cause at an early stage, and for that, he gets rewarded. Why would you get BTC today for 10 bucks, where the regulation has been sorted out, ETFs have been sorted out, central banks have agreed to holding BTC, and the technology has been proven for 15 years? You would not. So buy your Kaspa early, duh. Either of the two: take the risk early, or do not cry me a river down the road. People shilling Kaspa understand the potential, and in that, yes, rightfully hope for a big payout.
so, basically what you are saying that it doesn't matter how much better is a coin, technically speaking, no one can beat bitcoin because it was "the first"? lighting network has its flaws and cannot make bitcoin usable as global payment system for micro transactions. and on the other hand, kaspa has everything needed, technically speaking. and what is lightning network but just a patch to the scalability problem that Bitcoin has at its roots.
Exactly no one can beat Bitcoin. Bitcoin is gold. You don't come around with a new metal and say it is more scarce or more shiny or more chemically stable or whatnot and make gold second. It won't happen regardless of how blockchain tech develops.
The moment people talk about bitcoin’s scalability ‘problem’, then you know that they are on the queue marked ‘humble pie orders’.
I understand what you are trying to portray, but I must point out the development of kaspa is not finished so the founder cannot step away just yet. It has organic growth albeit faster due to the larger global acceptance of crypto currencies as a whole, and lastly you cannot use BTC in a grocery store, but you could use kaspa. It’s not trying to replace BTC, but rather be a fast, secure medium of exchange for smaller everyday transactions.
If you read this comment the reason i say you would not use BTC in a grocery store is due to the incredibly slow confirmation time. Once it is fully adopted it will only get worse. You can rely on L2’s but to think they could not be manipulated would be naive in my opinion.
Dude btc is so slow it doesn't want to be like btc lol maybe they wish but kaspa is the future no doubt
😂😂😂😂😂@@dat1331
Kaspa is better in every aspect than Bitcoin. Trying to politize it is not going to work. Money will flow through the least resistant path, it's physics and cannot be avoided
Solana is better in every aspect to Kaspa. Fastest growth in monthly active users. Higher TPS. More active development. Stablecoins on SOL is much better for payments vs Kaspa.
Yet neither shitcoin -SOL or KAS- competes with Bitcoin.
No it’s not. The TPS compared to Kaspa is a joke
In terms of tech… perhaps Kaspa is better. In terms of money, it is not better.
If “better tech” was the requirement to become the global money, then we would have a new money every 6-12 months.
What will you do in 2 years when a “better” Kaspa comes out? You will drop your Kaspa for the newer/better tech and claim it is the new money?
I think the more likely scenario is that you will make your money on Kaspa this cycle and then sell your profits into bitcoin. That would be the smart thing to do at least. Because Kaspa will disappear as soon as the better Kaspa comes out. But Bitcoin is here to stay.
@@beerkegaard lmao sol? you need to research again.
so you are saying money flows to bitcoin as its the least resistant path of political bullshit?
got it thank you!
Kaspa is for everyone though… The developers being human and having a political opinion doesn’t change the fact that Kaspa is available to anyone and everyone. Can you address that monetizing bitcoin for fast transactions via lightning network and other L2s leaves it susceptible to corruption and centralization of the transactions themselves… This is what Kaspa solves. I do appreciate you covering Kaspa in this video, however, I still hear a lot of bias here.
Ln also doesnt create fees for bitcoin
@@chrishiemer yes, so there’s no incentive to continue mining Bitcoin once the last block is mined. We’re just pushing that inevitability to future generations.
Hot take: In the end most people won't care about centralisation of payments. 99% of people dont care about centralisation of FIAT, why should that be different for crypto? I think the future will be countries, banks and large institutions trading Level 1 Bitcoin amongst each other and most people trading BTC on Level 3 with an intermediary service just like how FIAT currencies work today. But Kaspa looks interesting and may indeed have a future, i will be paying attention to it for sure
@@miguelpereira9859 ask the people in Venezuela or Argentina or any country that hyper inflates their currency and leaves everyone with nothing. The US dollar is on its way. Hot Take
@@MaxCaspian when network fees are too high for microtransactions due to lack of scalability, people won’t use it as a currency. So bitcoin will not only fail as a currency but its security will also fail when people stop using it. Kaspa fixes this.
Bitcoin is the next Bitcoin.
Truth
"Name the 5 best cryptos of all time!! Bitcoin.. Bitcoin.. Bitcoin, and Bitcoin!!!"
@@brent4073 you forgot the sixth one... Bitcoin 😆
Kaspa is here to support Bitcoin, not to compete with it. If we unite, we can ensure that decentralized, fair start PoW coins like Bitcoin and Kaspa thrive. Fighting among ourselves only strengthens the position of corporate coins like Ethereum. Let's stand together and make the true vision of decentralized digital property a reality.
@@Btc2TaoKaspa may need bitcoin, but bitcoin doesn’t need kaspa.
It’s sad you won’t ever see a pure btc maxi ever sit down and have a discussion face to face with someone from the Kaspa core team.. I think it’s very obvious a face to face will never happen because the btc maxi would have to face logic and facts head on with no answers. Both BTC and Kaspa are beautiful fundamentally pure projects. I don’t understand the negativity other than tribalism and protecting your own vested interests. Sad to see.
Where on earth did you get the idea that a bitcoin maxi won’t sit down with a Kaspa altcoiner? Did you just invent this criticism?
I spent my entire weekend making this 25 minute in-depth video, and you leave a response that's entirely devoid of content and doesn't respond to the arguments that I made. Is it because you don't have a good answer, so instead resort to ad hominem?
@@chingron every btc maxi that has a following of size and is publicly critical of Kaspa refuses the invite for a debate or any form of live public discourse with Shai from Kaspa. This includes the creator of this video ‘Matt Kratter’ who was invited to speak with Shai and refused to do so. This isn’t an irregular occurrence I’ve seen this with every high profile case of a known BTC maxi spreading baseless fud around kas.
I see the Kaspa shills and bots are busy today. 😅
@@TheRealDarkLord “every bitcoin maxi with a following refuses to debate KAS devs”. Definitely sounds like invented criticism…
So… every 6-12 months… when a newer and shiner Kaspa is invented, bitcoin maxis with a following are supposed to go and debate the devs of the newer and shiner Kaspa? Please…
You will probably be the first person to drop your Kaspa when the newer and shiner Kaspa 2.0 comes out. And believe me… there will be a new one in no time. There always is.
Will you come back here and criticize Matt for not debating against the newer and shinier Kaspa? Or… are you a Kaspaer for life?
"Kaspa was not created to compete with Bitcoin but to compliment it."
The only way to do that is to sell your kaspa tokens so you can get more Bitcoin.
@@SAL-fs1mr the very criticism you have for altcoin holders married to their bags can be said about you. it's been 13 years. obviously someone is going to create a better version of bitcoin eventually. it can't scale to be a p2p worldwide payment system. it's too slow and the onboarding would take decades. you're married to your bags and thinking emotionally. whether it's kaspa or not is yet to be seen, but the fact that it could and you refuse to investigate it reveals much
@@SignalLost730 altcoin holders are simply trying to get more fiat or Bitcoin. There is no staying power, and it is clearly evident by how altcoins lose value compared to Bitcoin over the long-term. Layer 2 protocols are what enable global scale that work instantly and cheaply.
@@SignalLost730 You know what the founders of these altcoins do with the Federal Reserve notes you give them? They buy more bitcoin with them because they understand the game being played.
@@SignalLost730this happens every cycle. Kaspa is the new alt flavour of the month. After the next cycle it will get rekt and nobody will care about it anymore. We’ve seen it all before 😴
I was fortunate to buy Kas at .01 never sold when it pumped and it’s at .18 today still not selling
Will you hodl forever?
@@Bitcoin_University I’m 27 I have a few years to hodl I like the tech behind this project I’ve been hodling my BTC since I was 22
2 years in listening to you Matthew and you have never ceased to impress me with your humility, knowledge, and integrity.
Thanks for the kind words
Integrity? Lol he would get smoked in a debate, he doesn't understand Bitcoin or the tech that created it.
It sounds good to Normies but doesn't hold up against any real scrutiny.
@@ZoroR-k4j So what am I missing? Give my arguments some real scrutiny here
@@ZoroR-k4j sounds to me like he understands Bitcoin just fine, a lot more than you out here spouting bullshit.
How about you present some arguments yourself for why you think he doesn't understand Bitcoin? I'll wait lol
@@ZoroR-k4j yeah that suddenly is clear to me too. He really got no clue lmao. Looks to me someone has a lot of arrogance and not that much humility at all. Looks like he is camping at the peak of mount stupid.
Kaspa is not a digital silver, although they market in this way to not compete with BTC. Kaspa is BTC 2.0, it has everything that BTC has, and it solves BTC's Achilles Heel (scalability). The network effect is the outcome not the cause. Currently BTC has stronger network effect, but as time goes by, Kaspa will slowly gain more adoption and eventually kill BTC due to Kaspa's superior monetary technology.
What if something new n better comes up? And where does it end?
@@rahulsampat8698 As a digital money, Kaspa is the perfect money without Achilles Heel and it’s making first mover advantage to build its network effect. If something better comes later, it won’t be able to disrupt Kaspa’s established network effect unless Kaspa has an Achilles Heel like what Bitcoin does (which Kaspa does not). Something later can come and provide faster speed, but it won’t matter because people will just get used to spend daily and store their wealth with Kaspa and enjoy the Visa level experience (and it’s decentralized). Kaspa will soon achieve 100 BPS, and if you come up with something new that can achieve 1000 BPS, it won't make much difference to users.
@@rahulsampat8698 As a digital money, Kaspa is the perfect money without Achilles Heel and it’s making first mover advantage to build its network effect. If something better comes later, it won’t be able to disrupt Kaspa’s established network effect unless Kaspa has an Achilles Heel like Bitcoin does (which Kaspa does not). Something later can come and provide faster speed, but it won’t matter because people will just get used to Kaspa to spend daily and store their wealth with Visa level experience (and it’s decentralized).
It’s really nice to see a much longer video today.
I’m split roughly 50/50 in Bitcoin and Kaspa. Although I may disagree with your take on it, I’m glad to hear your argument against Kaspa. Nice to hear both sides of an argument. Thank you for bringing humility alongside your opinion, I think this allows other Kaspa holders to truly value your opinion rather than disregard it due to an angry/arrogant delivery. Thank you
Sounds like to me that he is in fact the one using his youtube channel as a bully platform. Does Kaspa use it's youtube channel for bullying people? But you do pretending not to be biased, but your who video is biased, not based on any real facts. I fact checked a lot of what you said. Man, you really took everything out of context and original meaning... That's bully and being dishonest. You really disappointed.
@@barbarapaz8885 I don’t see it that way personally. He obviously doesn’t want to invest in Kaspa and explains his reasons why. I disagree with some things but in the end I think learning different approaches to Bitcoin/Kaspa is important. Only listening to the positive things on Kaspa will completely block our understanding/knowledge about it fully. There’s good and bad to both Kaspa and Bitcoin. I’d rather get the full picture of something I’m investing in rather than just see the biased opinions of other people in Kaspa ecosystem. Being open to new information>>>
I'm a bitcoin maximalist, but will highlight a clear logical inconsistency regarding convergence on a single money.
Both Kaspa and btc have capped supply. For sake of argument, if Kaspa is able to credibly enforce this cap, there could be an equilibrium condition where both exist side by side. By design both have the same end-state monetary policy.
For this to happen bitcoin L2(+) scaling would have to be a deficient solution relative to Kaspa. However, monetary theory provides no clear argument against a reserve asset and Low friction MOE co-existing. Much like how usdt and btc currently do. Where the volatility and onramp frictions offset usdt depreciation in some circumstances.
Personally I expect btc do emerge as the dominant money, with successful scaling solutions facilitating MOE adoption. But the silver/ gold analogy has merit, in certain scenarios. A btc monetary base and exchange rate with Kaspa (or some other), allowing liquid low-cost transactions is a possible equilibrium...although unlikely
However, I see no scenario where btc is supplanted by another 'crypto' as the dominant form of digital scarcity
The most well said response. Thank you sir
Well said sir
Big Dawg! Thanks for getting a video together. Good job.
Ah yes kaspa…. The friendly ghost.
It's a cute pun at least. I prefer ghosts that aren't weaklings
It's more of a duplicitous spook than a friendly ghost.
The 'Shekel-y' Ghost
Edit: Looks like this was video shared with the Kaspa fanboyz lol
@@Bitcoin_University wow this level of toxicity and childishness to another coin that isn't even trying to be a rival but is doing P2P transactions in a fast secure and scalable way doesn't reflect well on the Bitcoin community.
@@jaylund521Any innovation that supercedes BTC tech is a potential threat to them. Permit them to keep swimming in their ignorance. The wise ones among them are gradually leaving their cult.
This is the second video I saw from your channel. You are outstanding, got yourself a follower and fan.
The world needs only one coin, the peace coin, it’s called Bitcoin
Bitcoin can handle a world population of 604,800 if each person does only 1 transaction a day. Beyond that, you are backing up the mempool and the fees for each transaction are increasing as the network backs up with the very small population. So, you will need to use a centralized layer 2 platform (sort of like using the Swift Network with your Visa card). No thanks... I want POW, Layer 1, decentralized. That would be Kaspa.
Trite and retrite pathetic arguments
You’re saying this because you think Bitcoin is a new tech. It’s not. It’s new money. HUGE difference.
Bitcoin doesn't work for the world. It simply can't scale
@@YouCanCallMeDon Lightning and Liquid scale infinitely.
Interesting take...a lot of insight in it...I think Kaspa holders can be reassured that regardless of whether Kaspa "replaces" BTC or not, it will still grow in value bc of the properties that BTC doesn't possess, in the way Eth did (but failed bc of gas costs, POS). The market still wants a fair-launched, POW, smart-contract, fast confirmation coin for DeFi and transacting. It might be the silver to BTC gold. I am hedged by owning both in 1:1 Kas:BTC $ ratio and the value is now 2:1 in favour of Kaspa. I think Kaspa has more short-term upside potential. I think putting some of the Kaspa profits into BTC and gold (and real estate, etc) is a good strategy. I agree with the Raoul Pal macro model that every 4 years they inject enough liquidity to refinance the system and that in the next 12-18 months we will see a massive increase in prices of all assets esp crypto. Thanks for the great video. Subscribed
This video started really well for the first 4 minutes, remaining on the subject. Then from minute 4 to 10 it basically fuds under the belt, talking about subjective, unrelated things to the technology, talking about Israel, taking advantange of the low public sentiment of Israel, trying to rally people against Kaspa based on that. Then from minute 11 and on it banks on Bitcoin's veterancy. From minutes 13 it references how Kaspa is claiming the Silver use case (silver was used as currency, while gold as store of value), but op fails to dive into the fundamentals and technical properties, and why Kaspa could infact claim to be current and Litecoin cannot because exactly like Bitcoin it lacks the technical abilities to scale. The rest of the video brings up important aspects and topics, but all claims are opinions of the op, no formulas, no numbers, not even a slight attempt to back up the op's claims. To summarize, the video is made around the wishful thoughts of the op, without trying to understand the technical fundamentals and the innovations of Kaspa, or worse: the op read about them but trying to hide them from his viewers. There are formulas that predict exactly when Kaspa will overthrow Bitcoin at the top. Op made this video to scare people and threaten them not to even think about Kaspa. I give this video a thumbs down. Try harder. Kaspa is a decentralized movement. It's entered the peripheral vision of the big league. You can't stop it. Many people tried to fud before you. They were not successful. From here it will keep growing even bigger, just like it has been growing until now. #Kaspa $KAS
Yr fragile. No FUD here, was well presented. Yr fragility is evident here.
Yablonka ❤ He said IT relys on archival nodes
Just wrong lol
Excellent post
Totally agree, he needs to try harder
That's the way bro btc is so slow
Thanks for your courage and integrity, Matt
LMAO!! Anti-semites love your page Matt!
Kaspa to the moon 🚀👨🚀
Before I was 100% BTC. Kaspa is the only project I have accepted to sell BTC for. Now I'm 70%BTC and 30%KAS. I have the impression that you have a bias against Kaspa mate
Same here, and many are following, I see it left and right.
Kaspa is a fools bet.
He is entitled to criticise kaspa, I make an effort not to be in an echo chamber and want my views challenged to see if they stand up to scrutiny. Only wise way to go about it. I got into Kaspa in 2022 and still buy it now. Both are POW, kaspa has the blockDAG, bitcoin has a special status as the first and only crpyto thar can sit at the top mostly unchanged simple digital gold. It gets that as it got there first, it was the first. Now as for 2nd place and lower, kaspa can solve the layer 2 mess and costly gas of ETH and SOLs issues also. Kaspa solves the blockchain trilemma, this gives it advantages over every thing except bitcoin as bitcoin will always be number 1. We're not trying to comeotr with bitcoin. I also do not like Proof of Stake, Proof of Work is how it is the best for security. Bitcoiners and those into Kaspa are more compatible that one would think at first glance. They don't compete with eachother. Nothing completes with Bitcoin.
@@dudleydooright and so was bitcoin. An educated fool's bet. I take it. And I respect your opinion and your choices with your money and life. Enjoy your life!
@@andi-a Thanks, brother. You too!
As a bitcoiner and Kaspian myself I see many bitcoiners not understanding the innovations Kaspa has introduced. Hit me with your critic about Kaspa because I see many people lost here.
The tech innovations are only part of the picture. The launch and decentralization of the project are more important
@@Bitcoin_University If you researched it you would find out the rapid emission schedule combined with an algorithm for which there weren't any ASICs at the time of launch reduces centralization at start (obviously that was one of the reasons) and volatility long term. How does it reduce volatily? Well Kaspa has a halving each year that is progressive scaled in every single month. This reduces volatily in price over time compared to BTC that has a halving every 4 years and that reduces to half suddenly. Kaspa will also have Smart Contracts that will keep miners receiving incentives to maintain the networks security as opposed to BTC that relies and the price going up indefinitely while not increasing ways to maintain other source of increasing security budget if the market would stagnate and the price wouldn't go up like it has through a decade.
I see you are missing some basic things about the decentralization Kaspa has introduced while maintaining BTC like security (assuming similar hashrate of course because I will be talking about design here). The high speed of Blocks in Kaspa's BlockDAG is not only about being better for P2P transactions (600x faster than BTC at this moment) it is also about decentralization. A blockrate of 100BPS for example would allow for a big miner with 1% of the hashrate to have predictable income because mathematically it will mine 1% of the blocks as opposed to BTC where there are much more participants and competition for much less blocks that get much less diluted through participants hence making BTC much more centralized than Kaspa. When a big miner on BTC goes bankrupt it will have much worse consequences on BTC than on Kaspa because BTC blockchain is much less decentralized.
@@Bitcoin_University The distribution is the biggest downfall IMO. It needs to be small for the first decade for testing/resilience, then ramp up for 50-100 years, and then taper off to nothing.
@@Bitcoin_Universitymy man you spent only an hour researching Kaspa. You need to dig deeper, clearly you're missing how Kaspa is the most decentralized, secure and scalable project. No coin is replacing BTC, don't worry.
@@Bitcoin_University Kaspa was fairly launched BTC style with no premine, no ICOs, no marketing budget etc and has many mechanisms that make it more decentralizaded than BTC it self. For example Kaspa’s high BPS speeds not only provide fast transactions but also help miners have an exponentially more predictable income thus helping the network’s growth and sustainability. For example when Kaspa has 100BPS a mining company like @MARA that has 1% of the total network’s hashrate can know that it will averagely obtain 1% of the mining rewards making their survival much easier compared to BTC miners who have a much harder time predicting their income. This also helps reduce the volatility BTC experiences due to miners going bankrupt when price doesn’t go up. Additionally Kaspa’s halving each year (BUT scaled in every single month) helps reduce volatility also.
bitcoin is a line of computer code that doesn't deliver, it is not money, physical gold and silver are money and Kaspa actually delivers on being a "peer to peer digital cash" unlike bitcoin.
This is exactly correct at least you have done proper research well done
@@dat1331 thank you, glad to know there others out there like me, we are the few truth seekers 👍🫡
M, re your comment about not trying to time the purchase of BTC & hanging on to it is spot on. Hope folks heed your recommendation. Thanks for making your videos. Am sharing them (the link) on Gab.
Thanks for sharing
Plus ... Winner takes most, not all there's always competition. I keep an open mind ~ Never married to any one coin as things change very frequently. I do admire you're Conviction Matthew
I think that Satoshi did not create digital scarcity. He discovered digital scarcity by means of the bitcoin protocol. This cannot be done twice. You cannot discover fire twice.
Perhaps not, but if the first method of "fire discovery" was rubbing two sticks together (Bitcoin), then it is reasonable to assume people will come up with better ways to create fire. It isn't about "rediscovering", it is about making the process better, more efficient and in a way anyone can do it.
@@davedismantled That would be a company product (crypto) that sells tools to use the protocol (Bitcoin)
Mathew the most of my comments are you channel are criticism. Videos like these are why I respect your opinion and subscribe to your channel as well as your philosophy. Great content and thank you for your diligent work.
Marathon wouldn’t make the disclosure that they where mining it and plan to double hashrate if this coin wasn’t fully vetted and had a future. They’ve never mined anything else. I am a long time btc holder, but i am not a huge altcoin fan period. But when the world’s biggest mining company that is connected to some of the biggest market makers adopts and makes clear they will support kaspa it is hard to deny that it has a future. I wish the founders did not talk about israel or politics, but at the end of the day they are a separate entity completely from kas, if satoshi where to come out of hiding today, would his personal opinions weigh in on Bitcoin? Or would that defeat the idea of decentralized community driven pow? Kaspa has the same community strength, it is still very young the core tech itself is the seller, much like bitcoin, and all the l2/smart contract dapp stuff that will be built in the future is irrelevant. Most normies buy a coin and hold it and dont care at all to know what it is or what is happening with it, they however especially most everyday investors will look at marathon which is a poster child for btc adoption, and see that they are adopting kas. Good video though!
Marathon also has a history of bad decisions and bad operations though (bad mining efficiency), so, not sure how much weight you should put behind a single decision of their's that affects only 1% of their mining power.
@@simonp6339 Yeah but to make the decision to become multi coin im sure carries a tremendous amount of due diligence.. 1% of their mining capacity is still a boatload. They have over 230,000 btc miners and have been doing this for years, 1% is substantial lol especially with them being the biggest by a margin of billions in mktcap
@@simonp6339 furthermore to be number one im positive they have made far more good decisions than bad
For those just learning about Kaspa, it also launched smart contracts yesterday. It's fast, high volume, low cost PoW with instant settlement (ideally), so the financial services in the smart contracts could be the bridge to new users to use as a currency. Maybe the $4B coin's community could take it's sights off the $1T Bitcoin and prove what services it can provide better with smart contracts and kill ETH and the ETH killers.
the founders named it silver to compliment btc... the maxis have set up the its Kaspa vs btc because they are fearful, this video highlights that sentiment
@@jwilliams6286 Though I fall into the trap of crypto as team sports myself the mission of crypto is to do what governments and banks do without being an abusive central authority. There is room in the currency and financial services market that Bitcoin and Ethereum are not providing. This cycle the no-coiners are complaining the transactions are too slow and costly. Maybe Kaspa has features to provide better services. We'll see. KRC20 was launched yesterday and it was less than ideal. Watch the Kaspa / KRC20 ecosystem to see how it bounces back over the coming days.
KRC20 is not SC nor is it developed by Kaspa. SC are mostly ponzies to leverage assets. They can push the price of a coin but can't improve the coin itself.
Kaspa is next btc for sure
Bitcoin is the next Bitcoin
@@Bitcoin_University bitcoin is useless shitcoin to be honest. It was only amazing back in 2010.
This guy is so jealous of KAS
@@dat1331he isn’t your investment pockets are leaking might want to convert
To bitcoin either way you get bitcoin at the price YOU deserve
Matt, this was an excellent video. When you put out free thinking, and frankly brave, stuff like this, I am reminded of why I have been following you since the beginning.
Once comment, I skipped this video initially because I thought it would be one of your satirical videos where you rip on something by acting as if you are actually considering if it is a good idea. Very glad I didnt miss this.
Your ability to step back and consider new ideas that call into question your strongly held beliefs is very unique. Thank you!
Thank you. Definitely took a lot of heat for this one, but think it was worth it
Nicely expose. I was curious about the Kaspa shilling that i have been seeing. This settles the matter. Would love it if you could cover Sui as well.
You let a maxi settle it for a coin that is not Bitcoin? LOL... come dude, you need to put a little more effort than a single video from a Bitcoin maximalist. And hey... fine, stay all in on Bitcoin... it is less risk. I agree with Matt on that point. But, if you want to make greater gains, you need to take risks.
If you believe this covers it then you have never heard of bias 😂 don't be a sheep and at least do your own independent research on any subject.
Kaspa is a fraud scheme proven scheme set up by Polychain Capital and Dag Labs
Matt what's the down low on sui. Great video appreciate all the hard work you put into these videos. Take care
Ah the classic. I'm too lazy to do my own research so let me watch one video from a BTC maxi rampling about politics to make up my mind for me... unbelievable. DYOR goddamnit
The problem about Kaspa is that “high TPS” doesn’t mean fully scalable money. There is still a point where demand surpasses TPS. Bitcoin accepted this fate at least.
TLDR: No, dont be silly.
Thanks. Lol
The fact that you are angry about Kaspa is a sign that it has a chance.
Sounds like a really smart way to make investment decisions-- good luck!
Thanks, never mentioned that it influenced my investment decisions.
@@Bitcoin_University lmaooo btc maxis are restarted af
@@Paul....... You sound like a deep thinker
@@Bitcoin_University You keep telling yourself that, while people make 100x better returns on meme coins
I left 6 comments. 7 including this one. It's the least I can do to help the channel.
What do you think about Flare Network?
Are believers of Kaspa, Kaspians?
Yes
No they’re clowns 🤡
What are your thoughts about BRICS adopting XRP?
It's a lie told by Ripple. Never going to happen
Maxis Hating on Kaspa because they know is way better in tech.
he is comparing C++ vs Python lol.1st talk is about religion, already something is wrong.
And they worship him even if He talked more about politics than fundamentals
Stay in your line btc maxis 😅
Kaspa all the way.
Kaspa 💎
I’d be very interested to hear your thoughts on ICP
he said its a scammy coin at the start but i dont understand why
ICP had a large premine (initial allocation to insiders who basically printed up money for free for themselves, that they can then dump on retail investors)
@@Bitcoin_University thank you for reply
Was waiting for a vid like this ! I love how u just tear these projects apart with facts and actual info. Can u debunk ICP next ?
Bitcoin goes brrrrrr... and Kaspa goes brrrrr, just a lot faster. You will learn.
@@YouCanCallMeDonAnd in another 6 months… there will be a shiny new Kaspa killer. Will you sell your Kaspa for the shinier better newer Kaspa?
I had only one crypto for 2 years and i will have it till the end just kaspa😊
In that case, you are going to end up very, very poor compared to people who hold only BTC
Bitcoin is great, but I really don’t understand going balls deep into only ONE asset and hating on everything else.
If you dont understand why, it’s because you fail to see the bigger picture.
Imagine there was this scam… the greatest Ponzi scheme of all time… and the root of all evil: fiat money. Government controlled money which can be printed, which means stolen from the current holders/savers. Printed money which is used to choose the winners/losers in society, fund wars, and enable all government corruption. Sounds horrible, right? Guess what… that is the world you live in.
Now… imagine a new money was invented/discovered. Something with the power to destroy this scam. Something honest and grassroots. That is bitcoin. Bitcoin is the only thing which has a chance of ending this scam.
Ah… but here is the problem. After the discovery of bitcoin… thousands of people/scammers are trying to ride the coattails of Bitcoin by creating their own “better” money. All of these “coins” are a distraction from the ultimate goal: destroying fiat money.
This is the bigger picture and this is why bitcoiners hate everything else. Is Kaspa a scam? Probably not. But… there will be a newer and better Kaspa in 6 months. Then what? Should we switch to the newer tech every 6 months? Of course not. That isn’t how money works. Every new coin that someone invents to make themselves rich is just a distraction from Bitcoin succeeding at making the world a freer and better place.
Understand?
It's simple-- money is a winner take all game
@@Bitcoin_University You don't win by limiting your opportunities.
It’s not about hating everything else. It’s realizing everything else doesn’t make as much sense.
"Diversification is protection against ignorance… it makes little sense if you know what you are doing." - Warren Buffett
"The way to become rich is to put all your eggs in one basket and then watch that basket." - Andrew Carnegie
"Diversification is selling the winner to buy the losers.” - Michael Saylor
“Economic systems converge to a single form of money due to the nature of trade.” - Parker Lewis
I went through this in the early 2000's.... Being a network engineer, we had to support no less than 5 different network protocols. Each protocol required a team of 5 different engineers to keep the enterprise running. We eventually settled on TCP/IP and fired everyone else. It's the natural evolution of efficiency.
Think about all the different ledgers, the management, analysis, compliance, and engineering personnel required to keep a blockchain going. It's completely unnecessary if a single ledger is "good enough".
Bitcoin can't be use in micro payments..
Imagine sending 0.000001 BTC and pay a gas fee worth $50 ?
A good way to look at it is Bitcoin is gold and Kaspa is silver.
🤡
Watch the video again... 🤦🏿♂️
anything but bitcoin is shit to them, which I do not agree with. But whatever 🤷♂️
Can't say I agree, but thank you Matt for making this video about Kaspa.
Digital scarcity, once perfected and discovered, cannot be repeated.
Meh. This comes off as obstinate, blindly fanatical, and honestly just lazy. Bitcoin is amazing. But so is Kaspa. And people who dogmatically stan for Bitcoin's core principles and endorse lightning at the same time are so hilariously incongruent. lol, criticizing others for deviating from maximalist ideals while straddling dualistic perspectives... toxic indeed...
KASPA = BITCOIN 2.0
Kaspa= shitcoin
@@Bitcoin_University May God give you good conscience and usher some wisdom.
I see many Bitcoin maximalist don't understand some basic things about the decentralization Kaspa has introduced while maintaining BTC like security (assuming similar hashrate of course because I will be talking about design here). The high speed of Blocks in Kaspa's BlockDAG is not only about being better for P2P transactions (600x faster than BTC at this moment) it is also about decentralization. A blockrate of 100BPS for example would allow for a big miner with 1% of the hashrate to have predictable income because mathematically it will mine 1% of the blocks as opposed to BTC where there are much more participants and competition for much less blocks that get much less diluted through participants. When a big miner on BTC goes bankrupt it will have much worse consequences on BTC than on Kaspa because BTC blockchain is much less decentralized.
Do you know how many times I've seen this "but my tps is faster!" argument over the past 10 years? Grow up dude. You're not buying Bitcoin 2.0.
@@pepsico815 Your answer shows you have no clue about decentralization. If you actually read what I said you would realise I specifically pointed out the importance high BPS have for decentralization and reduced volatility because of better distribution between miners. Nobody said "TPS faster = better because I said so" I laid out one of the reasons why this is important and there are many more. Another one for example is high BPS will help reduce Miner Extractable Value attacks (also called Sandwich attacks) on the BlockDAG when Smart Contracts come through, which will make it more competitive than ETH while maintaining BTC security levels (theoretically under same conditions or if we were to assume similar hashrate)
As an 'insanely fanatical Bitcoiner' myself, may I say that you sound rather defensive in this video? I will need to watch it a second time, but my initial reaction is that I'm intrigued. Kaspa sounds like a genuine project, not a get-rich-quick scheme like most crypto's.
Also, I'm not entirely convinced that money will continue to be a 'winner-take-all' asset. It seems, at first glance, that Kaspa has quailites that Bitcoin lacks, and of course vice-versa. Maybe Kaspa will work like Liquid or Lightning, with Bitcoin being more like a secure vault? I'm just speculating here, and doing so largely from a position of ignorance. But history doesn't stand still, and for some time I've been of the opinion that Bitcoin, miraculous though it be, will probably not be humanity's last word in money. Having said that, the wheel has not changed much over the aeons.
Speaking personally, I'm not bothered by the Israeli connection or the political overtones, though I'm sure others will be. I would have far less faith if Kaspa had been created by Imams or Mullahs. But that's just my view.
Finally, I think I will "get some, just in case it catches on", to coin a phrase. Just a few hundred dollars-worth, just for the fun of it. And I would most definitely not sell my Bitcoin to buy Kaspa, not unless the world turns upside down.
Thank you for a very informative video.
the reason i ddnt buy bitcoin before all of you, i actually just mining it on a browser at the time imagine the low difficulty
is simply because of syncing my node. Thats it plain simple reason.
i dont trust exchanges and third party wallets so i have my kaspa in my own computer without bloating my storage.
these bitcoiners will never understand me
The main dev literally said "I want to get rich"
What kind of microphone do you use?
Blue Yeti-- is the sound ok?
@@Bitcoin_University Yes, I was asking because I'm going to start uploading my own youtube videos again so I'm researching what microphones are good 😅
@@TheGamingCanadian Send me a link when they're up, and I'll try to shill them
Why didn't you mention the VC money that DagLabs received from Polychain Capital? Kaspa is another shipcoin with VC money behind it
I think it was funded with 8 million. We don't know how much funded bitcoin creation
that was not for kaspa, daglabs was funded to do MEV research back in 2018
Sold 1/2 of my btc for kaspa.
Everybody who is laughing at this project is like the old money laughing at btc in it's first years.
Wow that's crazy bro!
It was a really good episode, I love how it triggered all these shipcoiners. By the next cycle no one will care about their shipcoin, just as nobody cares about the endless ammounts of shipcoins coming and going in each Bitcoin cycle.
He didn't trigger us with facts we all called him out on his BS lol big big difference boi
Matt, your timing is very good. I just bought some last night.
Caspa, which sounds the same as Kaspa, means dandruff in Portuguese - word of advice, don't let your investments flake out on you.
Sounds like there is a similar word in Spanish too. Not good for Kaspa global adoption lol
kaspa aramic name mean silver
@@abderrahimhmada4700 In Spanish is "Caspa", " Dandruff
@@andykoren7627 lol
in hebrew it means silver or money
Kaspa sounds like an improvement on speed without sacrificing security and decentrilization but it doesn't address Bitcoin's three most significant shortcomings hindering it's adoption:
fungibility/secrecy, offline transactions, and intrinsic/inherent value.
Offline transactions will never get resolved due to timing. Intrinsic/inherent value to red herings - everything has relative value, and it's based on a decentralized opinion.
@@blindSilver3090
Well Bitcoin went from $300USD in 2015 to $60,000USD in 2021...so your claim is that it's a bad store of value that it retraced back to $16K as interest rates went up and overleveraged traders got margin called? Because it _only_ retained 200X it's cost basis from 2015? It's not as if gold can't _also_ be purchased with loans (i.e. leverage)...but nobody wants to do that with a pet rock which provides no yield _and_ has no compelling prospect holding it into the future. Something you're trading your dollars for needs to have at least _one_ of those traits.
Kaspa has 1000 times less proof of work security behind it compared to Bitcoin. So it fails on the security side of things. And the Israeli dev team is a negative in terms of decentralization.
‘Preciate the hard work this takes and getting it for free from a generous & genuine man with a BRILLIANT mind
Do you have more movie (and book) recommendations?
You are a wise man mathew
My understanding is that the future development is dependant of a team of developers. What makes it different to KASPA? I understand Satoshi is anonymous as opposed to Yonatan, but Satoshi "only" started BTC with the main approach. All the dev were done by other people and a small group of "leaders" (dev and ambassador) currently promote BTC? Not sure to see the difference with KASPA ...
the video I have been waiting for, Kaspa uses the Nakamoto consensus so I am also interested
I respect your work mate so you say Kardden good one to use?
Appreciate the honest comment on KAS. The main goal is really increasing humanity freedom . BITCOIN might be the only one or it might not , no one human has control over it only time can tell . KAS is just trying to pusb POW crypto limit and see what can be used of it for humanity same as BITCOIN.
Thank you for another great video Matthew. Although I’m not considering anything else than BTC it’s always nice to be reminded why that is 😊
I have a suggestion for another video. Since you know Peter Thiel quite well I would love to know your thoughts on his Bitcoin skepticism. Or would that be inappropriate?
4:28 Correction: October 7th is the date Hamas invaded Israel from the Gaza strip thus starting a war, on October 27th Israel launched a full scale invasion on the Gaza strip in order to take down Hamas.
I messed up my dates
I just put a correction in the pinned comment. Thanks for catching my mistake
Dude, what camp are you realisticly on? BTC Power Law OR Hopium price action?
Neither
There isn't and will never be a 'next'. Bitcoin is the last and final money.
I agree
Think you guys are going to be very skrry about ada
Ada will be like apple. Ada will solve that while being most decentralized
@@trublu3483 ADA is one of the worst-- large premine, proof of stake, always losing value against BTC. And Hoskinson is just plain gross, in my opinion
Bitcoin will be money for the next 200 years and then something else will replace it, it's happened with every other money in the past
Every worldly thing has a shelf life. It will at least last as long as you are alive. But so will kaspa.
Thank you Matt. Your hard work is appreciated. Bitcoin rules - nothing beats it.
Thanks for another great video. When we look at how far BTC is from it's all time high, it's not especially far away. When one looks at how far the typical altcoin is from its all time high in USD we see that it's miles away and never going to get back there.
Kaspa ATH was yesterday
@@chrishiemer lol... they do not know, which means we are early.
why is lightning so difficult
Because it solves an actual problem.