RE: LeoThread 2025-07-19 18:39

It will be interesting to see how this notion holds up in five years.

The concern of 7 transactions per second won't be much of an issue since immaterial transactions don’t require final settlement. Understanding what final settlement is can greatly benefit future discussions. Everyday transactions like groceries or coffee don’t need to be logged on the base layer which is globally distributed and immutable. This global distribution of numerous copies strengthens decentralization. More nodes in the network mean increasing difficulty in manipulating Bitcoin. Kaspa’s system also consists of layered structures, with base layer node holders maintaining the entire transaction history.

Kaspa doesn't replicate Bitcoin's base layer. Some argue it’s a strategy to encourage buying Kaspa with fiat. The idea of either replacing Bitcoin or collaborating with it poses challenges for Kaspa.

Once all Kaspa is mined, what then? Bitcoin’s full blocks stand distinct from Kaspa's near-empty blocks. Bitcoin has around 30-50 years for adoption, while Kaspa’s window is significantly shorter.

There's no necessity for "digital silver" as Bitcoin serves as "digital gold." Its digital nature enhances its monetary value and utility, unlike physical gold which necessitates fiat for small transactions.

Bitcoin can be divided extensively and transacted quickly, even faster with the Lightning Network. For those not needing final settlement, transactions can occur on Layer 2.

Bitcoin Lightning users still benefit from its exposure, whereas holding Kaspa instead of Bitcoin on Lightning involves speculating on Kaspa’s value against Bitcoin.

Separating money functions, akin to fiat currency versus asset classification with Kaspa and Bitcoin, could lead to preferring Bitcoin as a value store over Kaspa as currency, potentially driving Kaspa’s value down relative to Bitcoin.

Exploring the rationale behind real estate’s use as a value store might provide further insights.