In this video, I discuss similarities and differences between Bitcoin and Kaspa.
While Kaspa does many things right (no premine, proof of work, capped supply), its concentrated founding team and devs have loudly-stated public political views that undermine the supposed neutrality of its founding, as well as leading to concerns down the road when it comes to future forks.
Because Yonatan did not disappear like Satoshi, Yonatan's personality and political likes and dislikes will always loom over the project, and lead to questions about his potential influence over Kaspa's future.
I am especially concerned about how this might make Kaspa unsuitable for Palestinians, or Muslims from other countries.
Competitors always underestimate the importance of Bitcoin's immaculate conception, its network effects, and its head start.
Creating a new money is not just about the tech-- it is also about the social context and neutrality of its founding.
Money is a winner take all competition. Bitcoin has been and will continue to be the sole winner.
Not investment advice! Consult a financial advisor.
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin #Kaspa #crypto
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