tldr
- launch Kaspa in gamenet mode, a research oriented experimental network
- inject deliberate fragility into Kaspa launch via random semi-scarce monetary policy
- construct battlefield for reward-based and MEV-based reorgs
- as community grows, it will solidify the monetary policy, going full scarcity mode, transition from game- to main- net mode, rendering early (gamenet) stage miners profitable in retrospect
- gamenet 2.0 requires developing Ethereum bridge to simulate and practice MEV-reorgs, in order to test and demonstrate DAG consensus’ antifragility
Why Kaspa shouldn’t launch as an ordinary cryptocurrency
[L1, POW, lack of EVM]
There seems to be little room now for a new L1, especially one powered by PoW such as…
Don’t trust, terrify!
The “don’t trust, verify!” slogan is beyond my comprehension. I board airplanes without verifying anything about the pilot or the aircraft; I visit restaurants and foolishly eat — without verifying what will be transmitted to my blood; I take medicines without verifying the supply chain. Why would I protect my money with measures I am not taking to protect my life?!
This reminds me of Jacob, the forefather of Israel, who crossed the Jordan river some 35 hundred years ago, back to his homeland. Albeit, he forgot a few small pitches (think of dust UTXOs), so we are told by…
A personal take
Fun fact: Many Bitcoiners believe that Bitcoin’s 10-minute block time is not too slow and that having a fast block rate is not useful.
DAGlabs is a for-profit entity whose business model is based on mining Kaspa. DAGlabs is additionally funding many core Kaspa devs and researchers.
Fair launch
Kaspa contains no premine or founders’ rewards.
At the same time, Kaspa is neither attempting nor pretending to be a “fair launch” coin, as the term “fair” is subjective, too broad, and absurd; early- and late-comers are at odds and cannot be co-satisfied. Bitcoin is extremely unfair to people born in 2030.
The last major attempt at a fair launch-the Grin MimbleWimble project-was not successful, disappointed too many early members, and effectively buried the project; the community…
In his youth he reasoned: Since gold is more valuable, it ranks as money; whilst silver, which is of lesser value, is regarded as commodity… But at a later age he reasoned: Since silver [coin] is current, it ranks as money; whilst gold, which is not current, is accounted as commodity.
- Babylonian Talmud, Tractate Baba Mezi’a, pg 44
Mistakes happen
In 2013 I entered into a master’s degree program in computer science at the Hebrew University. I was recommended by the head of school to work with Aviv Zohar, but Aviv suggested we work on Bitcoin and, coming from mathematics undergrad…
Why is Ethereum Ethereum
Sure, Ethereum is great and all, but why? What exactly made it into this vibrant and innovative ecosystem? And can it last? I’m writing this post in an attempt to clarify to self and pinpoint Ethereum’s unique value offering and the emergent decentralized finance ecosystem.
Ethereum’s success is commonly ascribed to its composability, the ability to compose one smart contract on top of another like lego boxes, leaving little-to-no need for development coordination, as once a dev team deployed a smart contract, any other smart contract can access it, permissionlessly. However, while Ethereum does harvest the power of openness and…
