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 record, recognize the sign!

I need to decline the Dubai invite although. I don't wish 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 venture to a house-friendly on line casino. You is probably not the offender, however as a prime player you maintain the lion’s share of the duty to right this, and the October crash your USDe oracle glitch helped set off adds to what must be addressed.

There are three courses of crypto, as

u/0xMert_

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

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

Chances are you'll really feel that kaspa’s sovereign money thesis is boring – that bitcoin is already cash and that implementing an internet-speed bitcoin is ineffective - superb. Improper however effective. However what’s the thesis for the inexperienced frog?

Money is a basic chicken-and-egg product. It is a rip-off up until one second earlier than tipping level, “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 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 lately that “robust tasks will probably 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 simply unfit for category 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 back within the low ZEC MC days – if anyone deserves to win it's zooko – but assuming binance shouldn't be 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 are the source of confidence that restores faith and capital influx submit meme-induced or CEX-induced crashes.

Please fix this.

Thanks once more,
hashdag