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May 8 • 15 tweets • 7 min read
Yonatan Sompolinsky (@hashdag), Kaspa's founder and primary architect, took part in a Q&A. Part 1 is below 🧵, Part 2 coming soon.
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Q: Kaspa often gets framed as "real-time Bitcoin." But Bitcoin's adoption story is store of value — not throughput. Is the "fast money" thesis enough to drive adoption, or does Kaspa need a use case that Bitcoin structurally can't serve?
A: A general thesis is not enough to drive adoption. “Real-time Bitcoin” already implies it is not about SoV. With the advent of stablecoins, the usage of PoW assets currently has a ceiling of serving as collateral rather than MoE.
I propose a new category which I call Base of Liquidity (BoL) to describe an asset that resembles the money functionality people are used to today: minimal to no friction when using it as both SoV and MoE. In other words, a convenient base asset to park your money between different usages or other investments. Kaspa L1 and vProgs are optimized for that.
But even BoL is a thesis, not a use case or an adoption strategy.