#NewProfilePic I’ve learned enough to recognize a new people’s champion project. Kaspa $KAS

THE $28 TRILLION LIE: Why Your Entire Portfolio Dies Wednesday America’s 41-day government shutdown isn’t a political crisis. It’s a systematic wealth extraction event, and November 13th is detonation day. Every analyst promised you five catalysts this week. All five were manufactured fantasy. No FOMC meeting exists. No $1.5 trillion print is coming. No crypto bill passes gridlock. The only reality? CPI data drops Wednesday, and the 3.1% forecast will annihilate everything you own. HERE’S WHAT THEY HID FROM YOU: Bitcoin didn’t randomly fall 19% from $114k. The correlation is mathematical: government shutdowns create -0.4 coefficient destruction across all risk assets. Not sometimes. Always. While you waited for moonshots, $10.5 billion evaporated from GDP. Military families can’t access paychecks Thursday. The S&P already bled 2% in silence. Nobody told you. THE HISTORICAL PATTERN EVERYONE MISSED: Yes, 2018 saw 96% Bitcoin rallies post-shutdown. Yes, 2019 delivered 157% gains. But those shutdowns lasted 21 days average. We’re at 41 days. The math doesn’t scale, it inverts. THREE PATHS FORWARD: 25% probability: Miraculous resolution plus cool CPI yields 12% crypto surge 55% probability: Gridlock continues, total market paralysis 20% probability: CPI breaks 3.2%, triggering 10% portfolio obliteration THE ONLY MOVE THAT SURVIVES: Exit all risk positions before Wednesday 8:30am Eastern. Rotate capital into money markets and physical gold immediately. This isn’t speculation. This is mathematical certainty based on 40 years of shutdown correlation data. The largest wealth transfer in modern history executes in 72 hours. Position accordingly or become the liquidity. Wednesday reveals who understood game theory and who believed internet promises. Your move.

ELON: PHOTONS ARE ALL YOU NEED TO TRAIN THE AI “The really wild thing about [Tesla’s] end-to-end training is that it learns to read, like it can read signs, but we never taught it to read. We never taught it what a car was or what a person was or a cyclist. It learned what all those things are, what all the objects are on the road from video, just from watching videos. Just like humans. I mean humans are photons in, controls out. The vast majority of information reaching our brain is from our eyes. The output is our motor signals to our fingers and mouth in order to communicate. Photons in, controls out.” Source: Interview with Lex Fridman, November 2023

@hashdag solved the trilemma and told binance to suck his pruned node

@binance, Thanks for including me in the top 100 blockchain people list, appreciate the signal! I must decline the Dubai invite though. I do not wish to disrespect, but many of the award voters are avid kaspians who rooted for my kaspa status at least as much as for my research. Let them win or count me out. Crypto has turned from a euphoric cypherpunk project to a house-friendly casino. You may not be the culprit, but as a top player you hold the lion’s share of the responsibility to correct this, and the October crash your USDe oracle glitch helped trigger adds to what needs to be addressed. There are three classes of crypto, as @0xMert_ put it recently: commercial crypto, casino crypto, cypherpunk crypto. <<Binance should hold a privilege policy for the latter.>> A TBTF CEX should know better and play a different game with hardcore crypto projects. When binance lists a green frog three weeks post its “launch” but skips a fair-launched-Nakamoto-Consensus-100ms-upgrade-ATH-top-20-the-only-nonbitcoin-marathon-mined project, this is not merely binance rationally calculating; it is also binance molding the market in a way that is alas misaligned with the roots of the movement. You may feel that kaspa’s sovereign money thesis is boring – that bitcoin is already money and that implementing an internet-speed bitcoin is useless - fine. Wrong but fine. But what’s the thesis for the green frog? Money is a classic chicken-and-egg product. It is a scam up until one moment before tipping point, “most of the value comes from the value that others place in it.” Considering your resources and influence, I think it's safe to say you can serve as both the egg and the chicken and make it worth your while to push sound attempts towards tipping point. @cz_binance tweeted recently that “strong projects will be listed.” But binance is part of what defines "strong", it bears responsibility for the market’s compass and impulse and definition of strong. It is not a read-only entity. Binance listing fees are legit, they are just 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 is not a jab at ZEC and the wonderful @Zooko, who was crashing in my car on a late Thursday back in the low ZEC MC days – if somebody deserves to win it is zooko – but assuming binance is not taking a maxi bet, it should revisit its relationship with hardcore crypto. We are here through bull and bear, ICOs NFTs XYZs; and we are the source of confidence that restores faith and capital inflow post meme-induced or CEX-induced crashes. Please fix this. Thanks again, hashdag cc @michaelsuttonil Exhibit A: Binance Innovation Zone Exhibit B: 10 bps Nakamoto Consensus

This KAS pump is epic. Now beginning to look like a Wyckoff Spring. ♨️

BLOCKDAG IS COMING? Could this be a reply to @hashdag post? $KAS

@binance, Thanks for including me in the top 100 blockchain people list, appreciate the signal! I must decline the Dubai invite though. I do not wish to disrespect, but many of the award voters are avid kaspians who rooted for my kaspa status at least as much as for my research. Let them win or count me out. Crypto has turned from a euphoric cypherpunk project to a house-friendly casino. You may not be the culprit, but as a top player you hold the lion’s share of the responsibility to correct this, and the October crash your USDe oracle glitch helped trigger adds to what needs to be addressed. There are three classes of crypto, as @0xMert_ put it recently: commercial crypto, casino crypto, cypherpunk crypto. <<Binance should hold a privilege policy for the latter.>> A TBTF CEX should know better and play a different game with hardcore crypto projects. When binance lists a green frog three weeks post its “launch” but skips a fair-launched-Nakamoto-Consensus-100ms-upgrade-ATH-top-20-the-only-nonbitcoin-marathon-mined project, this is not merely binance rationally calculating; it is also binance molding the market in a way that is alas misaligned with the roots of the movement. You may feel that kaspa’s sovereign money thesis is boring – that bitcoin is already money and that implementing an internet-speed bitcoin is useless - fine. Wrong but fine. But what’s the thesis for the green frog? Money is a classic chicken-and-egg product. It is a scam up until one moment before tipping point, “most of the value comes from the value that others place in it.” Considering your resources and influence, I think it's safe to say you can serve as both the egg and the chicken and make it worth your while to push sound attempts towards tipping point. @cz_binance tweeted recently that “strong projects will be listed.” But binance is part of what defines "strong", it bears responsibility for the market’s compass and impulse and definition of strong. It is not a read-only entity. Binance listing fees are legit, they are just 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 is not a jab at ZEC and the wonderful @Zooko, who was crashing in my car on a late Thursday back in the low ZEC MC days – if somebody deserves to win it is zooko – but assuming binance is not taking a maxi bet, it should revisit its relationship with hardcore crypto. We are here through bull and bear, ICOs NFTs XYZs; and we are the source of confidence that restores faith and capital inflow post meme-induced or CEX-induced crashes. Please fix this. Thanks again, hashdag cc @michaelsuttonil Exhibit A: Binance Innovation Zone Exhibit B: 10 bps Nakamoto Consensus

JUST IN: Kaspa $KAS founder Yonatan Sompolinsky declines @binance Top 100 Blockchain invite, calling out the exchange for favoring casino-style tokens over fair-launched cypherpunk projects.

Wild that Yonny won... and @binance still demands 3% of the $KAS supply to list. Merit based listing thrown out the window. Do better, Binance @cz_binance

my two dworks: privacy for any cryptocurrency is obv a must, still should not be a kas L1 feature imo. instead, coinjoins is a good start, and it's actually easy to bootstrap a coinjoin kaspa "party". if you're up for it this requires launching a stateless server (a dead simple lichess-style game lobby - perhaps through @kasiamessaging?), which acts as a coordinator where kaspers can find fellow hodlers anonymously - the server shouldn't know who is connecting, no pubkey identification on the lobby's front - and then run a coinjoin with them off the coordinator's server. ideally privacy/mixing would become a kaspa wallet default for any transaction. while cj requires zero trust with fellow mixers, it's not privacy-sybil-proof - in principle a privacy-compromising attacker can flood the lobby with their own UTXOs and coinjoin with everyone in order to collect the data. though even if such an attack happens the privacy for everyone is still better than the current fully transparent situation. P.S. need to make it easy to instruct wallet to enforce the address split in later spends (maybe this is implemented today already? @michaelsuttonil @CryptoAspect) (@elldeeone perhaps cj is a valuable initiative for you to pick up?) -- @maxibitcat to your "read the crypto room" comment, strongly agree the discussions and agenda of kas community should place much more weight on the broader market and narratives, and pivot away from purely in-community news and developments and leader-centric focus. however, kas has its own value proposition of decentralized mining and sovereignty, which are no less crypto hardcore, and the market values projects that commit to their north star long term

Tangem Pay. The reveal. Tomorrow.