Kaspa founder Yonatan Sompolinsky wins Binance Top 100 Blockchain, but decline Dubai invite, calling out the exchange for favoring casino-style tokens over fair-launched cypherpunk projects

Yonotan's letter is bellow

Thanks for including me in the prime 100 blockchain individuals record, respect the sign!

I need to decline the Dubai invite though. I don't wish to disrespect, however most of the award voters are avid kaspians who rooted for my kaspa standing at the least as a lot as for my analysis. Let them win or rely me out.

Crypto has turned from a euphoric cypherpunk venture to a house-friendly casino. You is probably not the wrongdoer, but as a prime participant you maintain the lion’s share of the duty to right this, and the October crash your USDe oracle glitch helped trigger adds to what needs to be addressed.

There are three courses of crypto, as

u/0xMert_

put it lately: business crypto, casino crypto, cypherpunk crypto. <<Binance ought to hold a privilege coverage for the latter.>> A TBTF CEX ought to know higher and play a unique recreation with hardcore crypto tasks.

When binance lists a inexperienced frog three weeks publish its “launch” but skips a fair-launched-Nakamoto-Consensus-100ms-upgrade-ATH-top-20-the-only-nonbitcoin-marathon-mined venture, this isn't merely binance rationally calculating; it's also binance molding the market in a means that's alas misaligned with the roots of the motion.

You might really feel that kaspa’s sovereign money thesis is boring – that bitcoin is already money and that implementing an internet-speed bitcoin is useless - high quality. Flawed however fantastic. But what’s the thesis for the inexperienced frog?

Money is a basic chicken-and-egg product. It's a rip-off up until one moment earlier than tipping point, “a lot of the worth comes from the worth that others place in it.” Considering your assets and influence, I feel it's protected to say you possibly can function each the egg and the hen and make it value your while to push sound makes an attempt in the direction of tipping level.

u/cz_binance

tweeted lately that “robust tasks shall be listed.” However binance is part of what defines "robust", it bears duty for the market’s compass and impulse and definition of robust. It isn't a read-only entity.

Binance itemizing fees are legit, they're just unfit for class cypherpunk. Kaspa devs and early supporters pretty mined lower than half what satoshi and hals mined. We don’t have a 20% ZEC-style founders’ reward or protocol-enforced dev fund; this is not a jab at ZEC and the fantastic

u/Zooko

, who was crashing in my automotive on a late Thursday back in the low ZEC MC days – if someone deserves to win it is zooko – however assuming binance isn't taking a maxi guess, it ought to revisit its relationship with hardcore crypto.

We're here via bull and bear, ICOs NFTs XYZs; and we're the source of confidence that restores religion and capital influx submit meme-induced or CEX-induced crashes.

Please repair this.

Thanks once more,
hashdag