Kaspa - The Silver To Bitcoin's Gold
42 sats \ 4 comments \ @nyan 27 Jun bitcoin
Hi all, I thought I would not start an 'opinion on shitcoin xyz' discussion but Kaspa seems sufficiently different that it warrants some consideration. Let's get the basics straight, I do not believe that it in any way will rival BTC on its path to becoming the backbone of the global financial system, however, even as a Bitcoin maxi (which I am and do not own anything else), I think you have to keep an open mind and acknowledge potentially useful concepts and ideas outside the bitcoin bubble.
I have only read about its consensus mechanism and tech superficially. Has anyone here looked a bit deeper? Basically, I'd be interested if there is an obvious flaw in some of their claims. Could a blockDAG style system be a viable solution for Bitcoin scaling system or is it complete rubbish (like the 'IOTA Tangle').
Very interested in your opinions. I haven't found any tech-savvy bitcoiners give their take on it. Which might be an answer already but maybe it's also just not on their radar for now.
Happy Thursday
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0 sats \ 1 reply \ @Notfast 27 Jun
I have not read about it. I wonder however if that solution might scale, but what is more important, if that solution might handle consensus, tx broadcasting, and blocks on 100k+ nodes. Either you have something centralized like Solana (less than 1k nodes, all nodes at datacenters) or something that breaks all the time like Nano, which I believe uses DAG.
Node communication is one of the biggest challenges on Bitcoin , a problem that people usually take for granted, but devs have spent a lot of time addressing it. So I do not believe an overnight project have solved it.
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0 sats \ 0 replies \ @nyan OP 28 Jun
Sure, there is always trade-offs and I think that is fine. A layer 2 or 3 does not need to have the same decentralization and security guarantees as the base chain. I even think custodial solutions are eventually fine for everyday purposes. I don't care if I have a few sats for groceries on a normal bank account in the future.
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0 sats \ 1 reply \ @DarthCoin 27 Jun
however, even as a Bitcoin maxi (which I am and do not own anything else), I think you have to keep an open mind and acknowledge potentially useful concepts and ideas outside the bitcoin bubble.
LOL just that phrase shows that you are not a bitcoin maxi, just another shitcoiner, pretending to be a bitcoiner.
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0 sats \ 0 replies \ @nyan OP 28 Jun
You are so funny, almost feel sorry for you man ;D You sound like and probably are a 30y+ virgin who has nothing in life except a few bitcoin in cold storage to be proud of.
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