Kamelicious 𐤊

My first time representing #Kaspa on stage and introduced the upcoming 10BPS. A bit nervous/worried of unable to do a good talk, but a good part of the decentralized community is everyone is allowed to express value of #Kaspa in their own ways! Decentralization is the crypto spirit and so it is the spirit of #Kaspa. I bought my first BTC back in 2015, after Mt.Gox went bankruptcy and the Chinese government urged banks to freeze bank accounts that were involved in BTC transactions. In that year, it was the decentralized community that proposed new concepts such as Lightening Network and SegWit, and *new* exchanges at that time, @coinbase and @Bitstamp, promised to provide secure and decentralized wallet and trading products and services. Today after 10 years, the promises of decentralizing, fighting government censorship and disintegrating the empire of financial hegemony were left alone. People now celebrate national “crypto strategic reserves.” @VitalikButerin is still trying, with a L2 strategy quite problematic in my opinion, while the vast majority of other chains simply stay silent, enjoying their cake while pretending this spirit is dead and the promise is forgotten. #Kaspa is one of the very few chains still sticks with the Nakamoto Consensus, a consensus in a decentralized way. Without decentralization, #Kaspa is not the best chain. Others can be faster, more scalable, or more programmable. But we must know that centralization does a lot of more harm than 51% attack. They go outage, do more rollbacks, sandwiched TXs in trades, and the list can go on. The maliciousness may threat network security as nodes (that would be a nuclear bomb), but maliciousness also takes unjust enrichment from us on a daily basis (the micro-aggressions). That is why decentralization is a mission, not a formulated pattern or format. For #Kaspa, the L1 is designed in way to create fair competitions by facilitating decentralization on multiple layers - not just consensus, but also sequencing and oracle services (as @hashdag spoke in Sydney). Different mechanisms have been designed for each of these layers. Some methods are algorithmic, some are economic. The key message of my presentation is 10 BPS brings DIRECT, close-to-fair competition on Layer 1 directly, which is much better than the indirect competition between ETH Layer 2s, which still run centralized services by themselves except for consensus. Thanks @kaspador_ for organizing and @CryptoExpoEu and Bucharest, till next time. Videos to be released but you may watch from livestream here early if interested, at youtube.com/watch?v=2LL3bLgp…, -3:06:00.