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 listing, respect the signal!

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

Crypto has turned from a euphoric cypherpunk challenge to a house-friendly on line casino. You is probably not the offender, however as a prime participant you hold the lion’s share of the duty to right this, and the October crash your USDe oracle glitch helped set off provides to what needs to be addressed.

There are three courses of crypto, as

u/0xMert_

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

When binance lists a inexperienced frog three weeks publish its “launch” however 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 approach that's alas misaligned with the roots of the motion.

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

Money is a basic chicken-and-egg product. It's a scam up till one moment earlier than tipping point, “a lot of the worth comes from the value that others place in it.” Contemplating your assets and influence, I feel it's protected to say you'll be able to serve as each the egg and the hen and make it value your whereas to push sound makes an attempt in the direction of tipping level.

u/cz_binance

tweeted lately that “robust tasks shall be listed.” But binance is a 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 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 any person deserves to win it's zooko – but assuming binance isn't taking a maxi guess, it ought to revisit its relationship with hardcore crypto.

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

Please fix this.

Thanks once more,
hashdag