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 together with me within the prime 100 blockchain individuals listing, recognize the sign!

I need to decline the Dubai invite although. I do not want to disrespect, however most of the award voters are avid kaspians who rooted for my kaspa status at the least as much as for my research. Let them win or rely me out.

Crypto has turned from a euphoric cypherpunk undertaking to a house-friendly on line casino. You will not be 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 provides to what needs to be addressed.

There are three courses of crypto, as

u/0xMert_

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

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

You could really feel that kaspa’s sovereign cash thesis is boring – that bitcoin is already money and that implementing an internet-speed bitcoin is useless - advantageous. Flawed but wonderful. However what’s the thesis for the inexperienced frog?

Money is a basic chicken-and-egg product. It is a rip-off up till one second earlier than tipping point, “a lot of the value comes from the value that others place in it.” Contemplating your assets and affect, I feel it's protected to say you'll be able to serve as both the egg and the hen and make it value your whereas to push sound attempts in the direction of tipping point.

u/cz_binance

tweeted just lately that “robust tasks will probably be listed.” But 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 are simply unfit for class cypherpunk. Kaspa devs and early supporters fairly mined less than half what satoshi and hals mined. We don’t have a 20% ZEC-style founders’ reward or protocol-enforced dev fund; this isn't a jab at ZEC and the fantastic

u/Zooko

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

We are here via bull and bear, ICOs NFTs XYZs; and we are the supply of confidence that restores faith and capital inflow publish meme-induced or CEX-induced crashes.

Please repair this.

Thanks again,
hashdag