Topic: Do not buy Kaspa (Read 680 times)

I didn't see the news about Kaspa at all before this thread, however, I am happy that there are people with different opinions on the matter, especially with profits at hand. Maybe I will dig into the project myself, however we shall see. Also, the info that the founders do some not-so-good tweets for the project is a bit alarming, but I hope it won't do any harm for the project in the future

By now, there should have been some decentralized apps on the Kaspa network, but I haven't seen any yet. Although the hype around it is high, this is the first post I will be seeing stating a negative thing about Kaspa. You seem right because nothing is being built on the network for now. But how certain are we? There will likely be more developments on the network over time, which might lead to more attention and awareness from developers.

I invested in Kaspa before ASIC miners were announced. Then when KS3 miner were released, I bought it due to its low electricty costs its still very profitable than most of ASIC miners. I was able to recover the investment already. It's just your opinion which i respect, but I believe in Kaspa and it's good future.

I haven't read the whole thread yet, but I definitely agree, that the biggest problem for Kaspa is the fact that not only the founders are still arround, but they drag Kaspa into politics with their personal tweets.

In order for Kaspa to have a chance of becoming Bitcoin 2.0, founders must give up and leave the project to the community with no way of controling it.

Well, I always thought that it's not worth buying, influencers were promoting it too much, but currently I don't see anyone talking about it.

I see a lot of people here answering without knowing anything about the project.
Kaspa is a real project with real people behind it. With new research being implemented, that is why got top 50 in less than 2years. it is still in development.

Judging by the general life of the Kaspa coin, it is coming to an end, you shouldn’t expect miracles from it, it’s better to keep an eye on new and promising ones, where price growth will still gain momentum. There is no point in investing in dying coins. From my own experience, I realized that the cryptocurrency market is very dynamic and the interests of investors change quickly, but btc always has the support of the crypto community.

I think in most altcoins this case is similar, it's just that not many people express it like you said.
so the choice of buying bitcoin is not a bad thing.

It very nice to watch clowns losing that movement because they are "smart" and everyone else is dumb. Keep doing it, be good clowns.

Do not buy kaspa. Do not read its whitepaper. You are smart, smarter than other people. All this forum is very smart (actually full degenerates)

Kaspa price now even low that it was, soon 0. You will lose everything.

Bitcoin is the first and most popular cryptocurrency that uses PoW v1.0 protocol. It has a maximum total supply of 21 million coins, which makes it scarce and valuable. It also has halvings, which reduce the block reward every four years, making it more difficult and expensive to mine. Bitcoin has a block time of 10 minutes, which means that transactions take some time to be confirmed and finalized. Bitcoin is widely accepted and supported by many platforms and services, making it easy to use and exchange. Bitcoin is often seen as a store of value, a digital gold, or a hedge against inflation.

Kaspa is a new and emerging cryptocurrency that uses PoW v2.0 protocol. It also has a maximum total supply of 21 million coins, which makes it scarce and valuable. It also has halvings, which reduce the block reward every four years, making it more difficult and expensive to mine. However, Kaspa has a block time of one second, which means that transactions are very fast and almost instant. Kaspa uses a block DAG (directed acyclic graph) structure, which allows multiple blocks to be created and added at the same time, without causing forks or conflicts. Kaspa is not yet widely accepted or supported by many platforms and services, making it harder to use and exchange. Kaspa is often seen as a medium of exchange, a digital cash, or a real-time method of payment.

In conclusion, I think that Bitcoin and Kaspa are both valuable and innovative cryptocurrencies that use PoW, but they have different features and trade-offs that make them suitable for different purposes and users. Bitcoin is more established and secure, but slower and more expensive.

Clowns must suffer. Do not buy kaspa.

Kaspa is more like Pow v0.1 because they don' t even support full verification.

You cannot verify the whole tx history from genesis like you can with Bitcoin, because the early tx history is not preserved.

You can not use dial up in the time of Wifi.

Kaspa is not just another attempt. It's the first attempt after btc. Because everything else on crypto market. All 30000 coins. They are:
1. Copy of btc protocol with slight changes
2. Pos which is just centralized fake. Only PoW is real.
3. Completely centralized databases like xrp, bsc.

Kaspa is the first fast pow. The first. Not just another coins. All other coins are bubble. They will all perish. Ethereum. Solana. Litecoin. I mean all 30 000 coins price => 0. Zero.
Let's wait 20 years and this will become exactly like i've said. Bubble. Crypto market is a bubble. Everyone loses everything. To 0.

I didn't mention btc? Yeap, btc to zero. Sorry guys.
Old tech dies. Replaced by better tech.
Fake tech (pos etc) dies. They are ponzi bubbles. Nothing new.

Guys just use you brain at least somehow:
Bitcoin is slow old tech. It dies. Period. You can't pay with it. You can't use it.
Kaspa is used in first layer. Instant. It destroys Bitcoin with each year. And there is nothing you can do. Nothing. Nothing. People will pay with qr by Kaspa. Bitcoin dies.

Ethereum value? What is it? Mb it's Thether Tresuary that has vaule? They hold 100b dollars. They use eth, sol, bsc, avax, sei and 10000000 other copypaste smart contracts blockchains. So ... where is the value of eth/sol here?
You know what happens with that bubble. You know it. Be open minded. You know that it all dies. And bitcoin too.

Big collapse of crypto market is inevitable. This happens and you know that it happens. I don't even need to prove it. Deep inside you know that all this collapses.

my opinion there will be no other coin equivalent to bitcoin. The total supply and working method may be the same as Bitcoin, but Bitcoin's popularity will not be able to follow. There are many projects that are predicted to compete with Bitcoin, but none of them are close to Bitcoin.

Do not buy Kaspa. Just don't look at it, don't read about it. Kaspa does not exist.

the thing is that, from the perspective of investment bitcoin is considered as gold, the other coin that come after bitcoin is like other precious metal that come after gold, they can be giving out better feature as you mentioned, doesn't necessarily it will replace bitcoin, bitcoin is becoming the mots dominant coin in the market for a reason that is because it is the pioneer of cryptocurrency, the one that started the whole market.
even if there's other coin thats better well, they will just become another coin why even say its bitcoin 2.0 anyway its not like it needs second version of it.
moreover, if we are talking about features and innovation bitcoin isn't lacking the L2 that could give feature such as smart contract while still using proof of work, i think bitcoin 2.0 is just silly words.
bitcoin is bitcoin and kaspa is kaspa, entirely different market base.

We invest in projects we thinks it's good for us and not follow the trends and invest in projects one knows nothing about. Bitcoin have come to stay and it's no fraud, the heavy dump season, it still survived despite the long bearish candles formed, we lost quite good fortune of our funds stored in portfolio, perhapes lesson learnt and we're moving to get better results. Bitcoin stands to remain the best project that have ever happen to Cryptocurrency, it's weigh out of our range to watch Bitcoin doing the most fluctuateable movement in the market.

There is no Bitcoin 2.0. Bitcoin doesn't have a CEO and PR company. But it's still a good coin with potential.

This forum should not buy any kaspa. I want you all to suck

There is a hard fact that most of this shillers or altcoiners forget when trying to classify Bitcoin or compare Bitcoin with some coins that where created lately as Bitcoin 2.0 is that Bitcoin (BTC) is a paradigm shift that can't be compared with any forks because it's the original with high rate of privacy and safety. the only coin that has such privacy is Monero but yet can't still be compared to Bitcoin.

Bitcoin isn't compare or doesn't have a duplicate because it is performing one it's main purpose right now. kaspa is good but it's as good as speculated. it has its flaws because its dependant on one man decision and bitcoin that isn't regulated at all.

Bitcoin is Bitcoin not 0.1 or 1.0

Damn, that must have hit them hard . But there is no point of showing an affection. In fact I was also going to say that the word "Kaspa" in our local language means hair parasite, lol. But yeah, there is no such thing as Bitcoin 2.0 in a form of another coin. And if ever there will be, that will only be an upgrade of the current Bitcoin, like what happened with Ethereum last time and it was now called as Ethereum 2.0 today.

Shitcoins has nothing special to offer, so they just use those taglines instead as one of their marketing tactics in order to draw attention from the public, but that was only limited to that. Many of us won't still invest on them.

That's why they say that it has a huge potential and from the time that it was started, a lot of increase has been made already for it.

I don't hear that people say that it's better than Bitcoin. But because of the ETH transitioned to PoW from PoS, this is why people have looked for another PoW project and this is many of them have ended up mining the coin.

I think they should get their name and work from that by not comparing themselves to Bitcoin because there are already lots of projects we came across in the past that weren't really successful. The last time they made Bitcoin version 2, they even claimed that they were the one who created the original Bitcoin and they were enthusiastic with their claim, they even managed to fool some people into investing in them but they offer nothing new anyway, just some copycat who wanted to get some attention. If Kaspa is truly a working project and has huge potential, they should not worry about comparison rather they work on their developments and constant updates for their investors.

Kaspa is not really a BITCOIN 2.0 but a unique altcoin with a HUGE HUGE potential

I have been hearing about Kaspa a lot these days and some are saying it is a better version of Bitcoin so is Litecoin. Copying Bitcoin and improving the blockchain doesn't make Kaspa as Bitcoin 2.0. The only benefit I can see about Kaspa is that it is easy to mine and has a market price. If anyone wants to minie this new copy cat of Bitcoin then they should go ahead before this project also dues and fade away like other altcoins. Ultimately except a few a lot Bitcoin copy cat have already got extint before they could replace Bitcoin or challenge it's existence.

kaspa is kaspa, bitcoin is bitcoin, you can't say that someone impersonating you is you, right? and so with this kaspa, even though it has supply, pow, and various other things that are similar to bitcoin, that doesn't make it bitcoin 2.0, because there is no such thing as bitcoin 2.0

but i can say that the features they offer are quite interesting, where the transaction speed is above bitcoin. but even so we cannot say that people will choose that coin because its security and credibility are not guaranteed and it is not decentralized like bitcoin.

This is right maybe Kaspa is quite running smoothly now but for sure there are big holders or premine of this coins or teams tokens so its not really good if those people dump on holders then the price could eventually go down. Im not into minign but if you incorporate trading with this, surely it will affect the price especially there are plenty of miners of kaspa for sure who wanted to roi their investment.

The bitcoin throne behind a very sophisticated function and for me a pioneer in the world of crypot curency has very good trust to date, so the price of bitcoin continues to recover towards and beyond 2021, yes ath all-time high. This Kaspa I see doing pembelin on its internal website with currencies in various countries so there are options, haven't stopped selling internally? I didn't make a wallet because I'm not interested at the moment. Maybe cex is also available with existing pairs. Graphite shows Q4 2023 experiencing a very drastic pump X10 from the previous month, if compared to BItcoin for me it is still far away because it is more worthy of being compared to solana or maybe SHIBB in accelerating the percentage increase, I don't see anything that can be valued more, but if there is a side fund like it is worth waiting for the bull run.

Many statements that there are those who will kill bitcoin and surpass such as YFI in terms of price, the fact is that it slumped 10X dump due to trust and panic sells maybe, or other altcoins such as ETH and bnb maybe in the past there were so optimistic, but the legend is difficult to subvert because bitcoin is a unique and very amazing currency, If copycats want to subvert bitcoin it is a big dream, although it may happen in the future, but I still have a special view on bitcoin.

From the past few years I listened that etherium would be next bitcoin but until now didn't reach to the price of bitcoin I think bitcoin will be king of cryptocurrency at all the time so we shouldn't compare any coin with bitcoin.
Because bitcoin can never die as we saw how many times it's fall down but again they have a big run from all.

Lol. That's not Bitcoin 2.0. You can probably consider it shitcoin 500,000.00. Lol. If you want to use Bitcoin as its reference, then you can consider it Bitcoin 300,000 point ow. Lol.

Seriously, shitcoins should stop using this kind of promotion. It only makes their project cheaper, something less innovative and just a mere copycat. They better be mentioning their own unique and helpful features.

And this marketing strategy that calls their coins Bitcoin 2.0 or Bitcoin or Ethereum killer is so old and obsolete. They need to think of another one that would sell.

thats right, i think many people forget the fact that its not the matter of how much block processed a second that determine the next bitcoin, bitcoin will always be the digital gold, its the first ever cryptocurrency released and if there's some capability that trying to be implemented by other coin doesn't necessarily will become replacement for bitcoin, lets be real here, kaspa might have capability of smart contract and so on, but so does bitcoin fork, also so does the bitcoin L2 even right now there's inscription ordinal that kinda acts like smart contract and after all that bitcoin is still number one anyway.
bitcoin being considered a digital gold because it is, it dominates the market because i think its definitely the only cryptocurrency being considered as the best, like how people consider gold to be the best despite there are many precious metal other than gold.
my point being though, doesn't matter how good the tech of other coin is, bitcoin will always be number 1.

There has been numerous copycat saying this already but it dies out over the years but Bitcoin remains at the top. There's nothing like Bitcoin 2.0 because there will only one Bitcoin, yeah that was the term they use just to promote the coin but they will remain Kaspa. It may have surge in price and we may see it as a trend but for me that's not another Bitcoin.

basic rules. NEVER look for any "second bitcoin". it doesn't exist, it practically cannot exist.
any coins that promote themselves as "second bitcoin" is likewise a scam.
Pay attention that some of these aspects highlighted in this coin are something "pretty common".

I don't think so, because no matter how well Kaspa works, it is impossible to match Bitcoin's achievements, both in terms of capacity, decentralization and even the network it provides.  Even though sometimes the Kaspa network is better than Bitcoin, it still has many shortcomings, therefore I personally prefer ethereum as a replacement investment for Bitcoin.

Is Kaspa a new altcoin in the cryptocurrency ecosystem space? Because this the first time I am hearing this and the coins is even doing good in the market. It rating $0.0996 from the Coingecko. But the matter what it can't compare to bitcoin even though it has the features and characteristics of bitcoin. This can't be a decentralized in nature and there is no whitepaper in this token which you said looks like bitcoin.
Look at the project site https://kaspa.org/

now that the price is down. i think i'm going to start buying some of KAS. probably after the bull season, mining KAS will be a good start also.

i only heard of the coin when the price touched $0.14 months before Jan. i think the project could be huge in the coming years so its best to just be prepared after all the price can be this low yet and nothing can be wasted when we sell and buy back when time comes.

Yeah, even I am hearing about it for the first time and the OP thinks it is bitcoin 2.0.
Some people still believe there is a coin that will be replace btc some day, but even if this will happen, it will take a long time.
Despite the popularity btc has gained through out the years, there are still many who have not yet get involved.  Btc has not fully being legally accepted yet. So thinking another coin will become btc 2.0 just is unrealistic.

You can call PoS centralized or whatever you want go ahead. But let's not act as if Kaspa is the first blockchain to sacrifice decentralization for more speed even with PoW.

You know what's funny? I don't think Kaspa is even trying to go against Bitcoin. Kaspa is a smart contract platform.

Bit[Suspicious link removed]d, kaspa - bad

Cryptocurrencies didn't move/use PoS because of speed, they used PoS because their users didn't need to use huge amounts of hardware power, but mostly rather internet bandwidth. A perfect example being Ethereum — it didn't speed up with their switch from PoW to PoS at all.

definitely not, its just trying to present us best of both worlds, PoW and Smart contract, but frankly speaking even ETC is also PoW based with smart contract even though it has its share of vulnerability experiencing 51% attack.
though I don't think kaspa will be bitcoin 2.0 but so far kaspa has implemented quite good technology that I guess help it get some pump in these recent times.

I think people are trying hard to compare it with bitcoin just because it still retains PoW for validating each blocks therefore many people are interested in it thinking it would be bitcoin 2.0 and also the fact that it got smart contract might means its bitcoin with added ethereum capability, well to be fair, bitcoin will never get overtaken by such coin though.
there's reason why bitcoin could still dominate despite doesn't really designed for smart contract.

In a technological perspective Kaspa can be called a hybrid version of bitcoin and ETH combined. It has similarities with bitcoin but one thing is missing, and that is the decentralization of bitcoin network. We can build a copycat bitcoin network, even though it can be better than the bitcoin network but the decentralization that the bitcoin network has can not be achieved by any project. It took bitcoin a long time to come to this stage, and most of the projects didn't survive this long.

No it isn’t, Kaspa is not Bitcoin 2.0 but is Kaspa 1.0 I find it somewhat interesting how altcoins are trying to match up with Bitcoin and are fond of making comparisons. OP, Bitcoin is unique and nothing is like it at the moment. Altcoins are called altcoins for a reason. Just the fact that the creators of Bitcoin are unknown beats these Altcoins, let alone many other things like total supply, decentralization, etc. Compare Kaspa with its peers and leave Bitcoin for now.

In the present days, we have been seeing crypto projects that are having similarities with Bitcoin so that they can be a topic of discussion.
I think this project would be a greater one in the future. I like projects like this because they could do better in the market in the nearest future. If the team knows what they are doing and know how to do the marketing that would make more investors to know about their project, in a short time, there market cap could go as far as competing with other crypto projects.

There have been lots of other altcoins to have claimed to be similar to bitcoin but only a few has showed true similarities

Kaspa has been expected to rise a few years back and it still has potential to increase price in the next following months however calling it bitcoin 2.0 is yet to believable a lot of altcoins have bitcoin’s system but bitcoin still so far is the only one that has remained on the top

Bitcoin is the best coin

First time hearing about Kaspa Coin So just imagine that, like me, many others still don't know about that coin. Then how would it be Bitcoin 2? I am pretty sure you are Shilling their project. There are a lot of similar coins, even hard forks of Bitcoin. But sadly, they didn't become Bitcoin 2 or something similar. Each coin would have individual features; it's not necessary that they compete with or replace the bitcoin. All blockchains won't be secure like Bitcoin, which is truly decentralised. So it is better not to compare any other coins with Bitcoin at all.

Kaspa is the worst coin, fake, scam. Do not buy kaspa, buy bitcoin.

   Honestly speaking, I can't deny that it actually has potential. In fact, I also have holdings in KAS, and there are also many other cryptocurrencies that have similarities to Bitcoin, not just Kaspa.

   I'm also saving for long-term holdings because their last ATH is around 8.4 dollars each. If I'm not mistaken in my research done there, then their market cap is not bad either. I thought to hold and save that too because I know if he will keep up with the rise on the day of the bull season as well.

Don't be easily deceived, kaspa can be as good like you term it to be but for Bitcoin having a replica with outstanding values and potential, it will be quite difficult to accept the fact. And the worst is of this Kaspa being a memecoin,  you don't actually think with this becoming the second version of Bitcoin. Bitcoin cash tried and many more did as well but can never be outstanding unlike Bitcoin.

Kaspa is bad

You just mentioned supply, halving, etc which can be said about any coin.  Why would this coin be any differe.t then the other useless coins that were created.  You literally can create a new coin that has all of those things in under an hour.  Copy paste bitcoin code and change some of the parameters.  Useless

Kaspa isn't the only cryptocurrency that has levels of similarities with Bitcoin.

But do you know what these cryptocurrencies don't have? Actual decentralization that could survive a nation-state attack.

Bitcoin's decentralization: no leaders
Other crypto's decentralization: multiple leaders

Kaspa has over 1366 times more supply than bitcoin but it's a good coin with promising prospectus. It doesn't need to win over bitcoin as it's supposed to be a Layer 1 solution for smart contracts and dapps. So it's more like Ethereum 2.0 but faster and cheaper.
A relative success for them may mean they might have a good price. The scalability is not a problem at the moment and the fees are low but the TPS could be a limiting factor comparing to the competition like Solana and Ton in the future. Though they are planning to keep increasing the TPS but the nature of GhostDAG might have its limits.

Kaspa is terrible coin, it will crash.

Everyone will lose everything. Buy Bitcoin. Do not buy Kas.

Mcap of Kaspa will decrease. Its code does not work, consensus is fake, coders are bad. Classic ponzi coin.