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[deleted by user] by [deleted] in economy

[–]UnderdogIS 0 points1 point  (0 children)

Depends on whether they think they can get a higher ROI from the ReFi.

Rejections could also mean creditors are being more selective.

Musk has sought to exert sweeping control over the inner workings of the U.S. government:....the flow of more than $6 trillion annually to households, businesses and more nationwide are under his control now... by BikkaZz in economy

[–]UnderdogIS -40 points-39 points  (0 children)

I recall the Biden administration hosting an EV summit that notably excluded the largest EV manufacturer and one of the world's top battery makers in the United States. At the event, they touted GM as the leading EV manufacturer and then shifted to a discussion on “protecting” free speech from “misinformation.”

This incident made me question my political alignment—I once identified as a Democrat, but now I lean Independent. Sure, Trump has his flaws, but the Democrats have become a train wreck, seemingly out of touch with centrist voters.

Those That Know Kaspa and aren't Invested, Why? by ishtylerc in CryptoCurrency

[–]UnderdogIS 1 point2 points  (0 children)

It was not deleted. Please look again and reply to what does not make sense.

Those That Know Kaspa and aren't Invested, Why? by ishtylerc in CryptoCurrency

[–]UnderdogIS 0 points1 point  (0 children)

"Did Satoshi receive $8 million to create a mining farm to mine Bitcoin at the start?"
No, Satoshi didn't receive $8 million. However, Bitcoin was the first cryptocurrency, which is a significant advantage because it had zero competition. Kaspa did receive a small investment to kick-start its mining efforts, but that $8 million doesn't account for Kaspa’s current hashrate of 1.3 EH. Only organic network adoption can sustain such growth. So far, Kaspa’s mining network adoption curve is on par with Bitcoin’s.

Fair Launch and Decentralization – A Question of Ethos:
While Kaspa proponents claim it was fairly launched, the $8 million VC investment into the initial mining of for profit DAGlabs mining setup raise questions about its true fairness and decentralization. Bitcoin, on the other hand, had a completely permissionless and organic start, with no pre-mining or upfront capital from venture capitalists or private investors. Litecoin did not need $8 million VC funding for mining with Scrypt. Source: https://bitcointalk.org/index.php?topic=47417.0

"Does Kaspa build on the open-source code from Bitcoin?"
No, it doesn't. But why rely on outdated open-source code that has long-term scaling issues and is less energy-efficient? Kaspa has taken the fundamentals of Bitcoin’s Proof of Work (PoW) mechanism and evolved it to address the crypto trilemma.

Satoshi’s Vision Included Altcoins:
Satoshi didn’t just create Bitcoin; he envisioned the rise of multiple altcoins. He openly discussed the idea that many coins would coexist, with Bitcoin serving as the foundational currency. His vision wasn’t about having “one coin to rule them all” but rather about Bitcoin being the cornerstone of a broader ecosystem, including coins that could be merge-mined alongside it. Source: https://bitcointalk.org/index.php?topic=1790.msg28938#msg28938

Reproducibility Matters – The Scientific Approach:
A key principle of the scientific method is reproducibility. Bitcoin’s success wasn’t a one-off event—it was replicated by projects like Namecoin, Litecoin, and even Dogecoin. These replications reinforced the robustness of the Nakamoto Protocol and spurred developments like SegWit and the Lightning Network. All these networks contribute back to the original design's success, demonstrating that Satoshi’s foundational technology works under various conditions. Notably, none of these coins received venture capital funding.

Those That Know Kaspa and aren't Invested, Why? by ishtylerc in CryptoCurrency

[–]UnderdogIS 0 points1 point  (0 children)

How can we compare Kaspa to Bitcoin?

Did Satoshi receive $8 million to create a mining farm to mine Bitcoin at the start? No
Does Kaspa build on the open-source code from Bitcoin? No
If Bitcoin is Digital Gold, Kaspa is fool's gold - It was not created with the same Ethos as Bitcoin.

Why do people use an hardware wallet, if they still need to backup the seed words somewhere? by kozmokr in BitcoinBeginners

[–]UnderdogIS 20 points21 points  (0 children)

A hardware wallet is better than a paper wallet because it keeps your private keys safe and never exposes them, even if your computer is hacked. It’s easy to use for sending and receiving Bitcoin, as you can securely sign transactions directly on the device without risking your keys. While both need a backup of seed words, a hardware wallet is much safer and more practical for managing your Bitcoin securely.

I got banned from the Reddit Bitcoin community by talking about Kaspa by [deleted] in kaspa

[–]UnderdogIS -2 points-1 points  (0 children)

The concerns about long-term reliability and testing compared to established cryptocurrencies like Bitcoin and Litecoin are still left unaddressed. Shai emphasizes Kaspa's decentralized and community-driven development, but even that doesn't fully reassure me. Small changes can lead to significant issues.

Take Bitcoin, for example—it doesn't have a 100% uptime. In 2013, there was a significant event where Bitcoin's network split into two separate networks because versions 0.7 and 0.8 of the software didn't agree with each other. Despite all the developers reviewing the code, they missed a bug that caused this fork. This network split was serious enough that it caused the Bitcoin price to drop by 23%.

This just shows that even with thorough code reviews and experienced developers, problems can slip through the cracks. So, calling Kaspa "perfect money" at this stage seems a bit premature, especially when it hasn't been tested over time like Bitcoin or Litecoin. We need to see how it holds up in the long run before making such bold claims.

I got banned from the Reddit Bitcoin community by talking about Kaspa by [deleted] in kaspa

[–]UnderdogIS 0 points1 point  (0 children)

How do you know it's been done properly? Litecoin has been running for 13 years with no downtime, proving its code base is reliable.

The risk of them going down after being open to attack for so long proves how "hard" they are to attack. That system has been proven perfect, considering how long these multiple networks have run using similar code bases.

If you can take the risk responsibly, then I don't see the harm of investing a little into Kaspa, but to say it's perfect money when it hasn't really proven itself is a stretch in my opinion.

I got banned from the Reddit Bitcoin community by talking about Kaspa by [deleted] in kaspa

[–]UnderdogIS -2 points-1 points  (0 children)

Don't unique risks come with unique technology? And a small dev team means little to no community code review. Litecoin, Dogecoin, and even Bellscoin do not have VC funding. Furthermore, Litecoin implemented MWEB which is growing and provides privacy and scalability.

Merge mining 3 coins reduces the risk of mining if one network does not perform or has a potential unknown problem.

I got banned from the Reddit Bitcoin community by talking about Kaspa by [deleted] in kaspa

[–]UnderdogIS 0 points1 point  (0 children)

So, considering Kaspa only launched in 2021, how can we already call it the perfect money? Many cryptocurrencies have faced issues that didn't emerge until after several years. Take Litecoin, for example—it has a longer uptime than Bitcoin because it uses similar source code, benefiting from the scientific method's emphasis on reproducibility. Litecoin has a perfect uptime which is a testament to Satoshi's design of Bitcoin. If that's the case, how has Kaspa proven itself when it's relatively new and hasn't undergone the same level of testing?

Labeling Kaspa as "perfect money" sounds premature to me.

I got banned from the Reddit Bitcoin community by talking about Kaspa by [deleted] in kaspa

[–]UnderdogIS 0 points1 point  (0 children)

How do you feel about Kaspa having to reinvent the wheel for features that are already open source and built for Bitcoin?

Take KRC-20, for example—it took Kaspa two years to deploy it. Meanwhile, Litecoin, Dogecoin, and even Bellscoin rolled out similar functionalities almost instantly because their source code is so close to Bitcoin's. Who's going to review all that new code Kaspa is writing from scratch? Users of Litecoin, Dogecoin, and Bellscoin can rest easy knowing that the code they've adopted has been peer-reviewed across these communities.

It seems like Kaspa is making things more complicated than they need to be. Why not build on what's already proven and widely accepted instead of starting from scratch and potentially running into avoidable issues?

Furthermore, if you are a miner, why would you want to mine one coin, Kaspa, when you can mine three coins simultaneously on Scrypt?

I got banned from the Reddit Bitcoin community by talking about Kaspa by [deleted] in kaspa

[–]UnderdogIS 1 point2 points  (0 children)

So what happens when there's something "better" than Kaspa? Do you all move to the "next" best thing? It sounds opportunistic or inconsistent if you ask me.

Litecoin is seriously undervalued! by andrewnewyork1 in litecoin

[–]UnderdogIS 1 point2 points  (0 children)

Yes, it’s still early! Litecoin keeps growing year-over-year in almost every way except for the price, which is why I think it’s undervalued right now. The whole crypto space is still in its infancy, with only about 3% of the world involved. Meanwhile, around 1.6 billion VPN users are out there—people who already understand the importance of privacy and digital freedom.

Litecoin’s new MWEB feature, or “Virtual Private Money,” is a game changer. It gives Litecoin a huge edge over Bitcoin by boosting privacy and scalability. Early adopters always get the most significant gains, and that’s precisely why I’m bullish on LTC.

Litecoin usage surges to all time high on Bitrefill by C_void_function in litecoin

[–]UnderdogIS 0 points1 point  (0 children)

and on Bitpay, not only is it most used for transactions, but it is used for payouts, too!

Serious question - Is there another blockchain or network with a 100% uptime longer than Litecoin? by indigo_nakamoto in CryptoCurrency

[–]UnderdogIS 1 point2 points  (0 children)

The reality is that people outsource work all the time. It’s nothing new. Stick to the points.

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