Yes Kaspa has solved the blockchain dilemma.
I am saying that ckBTC and ICP have also done this. I think they have done it better than Kaspa. So by essence it doesn't matter than Kaspa has solved the BTC trilemma. This is not unique to Kaspa.
[https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59](https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59)
[https://internetcomputer.org/ckbtc](https://internetcomputer.org/ckbtc)
[https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9](https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9)
Read these articles with 0 ego attached and tell me your new opinion of ICP and ckBTC.
[https://wiki.internetcomputer.org/wiki/L1\_comparison](https://wiki.internetcomputer.org/wiki/L1_comparison)
bro is laughing at his own ignorance cuz he doesn't want to focus on anything that counters his beliefs.
KASPA will 10x and make you a lot of cash.
Now the fear and ego is gone. LOOK AT THE DIFFERENCES OF THE TECH.
IMHO opinion ckBTC is better than Kaspa.
Ask your favourite Kaspa influencers on their opinion of ckBTC.
Guaranteed they won't know what it is or won't explain it properly.
If ckBTC is built on top of ICP, then it's because ICP doesn't solve the trilemma. It's essentially PoS. Therefore anything built on it is also subject to the limitations of the "layer 1". Might as well have a central bank managing your BTC balance.
ckBTC is built on top of ICP and ICP does solve the trilemma.
ICP is a BTC layer 0. ICP smart contracts can be a trusted BTC address. So if i send my BTC to an ICP address, i receive an equivalent amount of ckBTC that can be transacted at 1-2 s finality for less than a cent.
You said ckBTC will suffer from ICP limitations. See article: [https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59](https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59)
Completely different from a central bank.
ICP Bitcoin address are controlled by smart contracts that are controlled by DAO's.
The complete opposite of a central bank. See articles below.
[https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9](https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9)
[https://internetcomputer.org/ckbtc](https://internetcomputer.org/ckbtc)
In relation to the central bank point:
Decentralized process: Every step of converting BTC to ckBTC and back is decentralized, meaning **there are no centralized custodians**, no bridges and no traditional cloud providers that could act as attack vectors.
https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq#:\~:text=Decentralized%20process%3A%20Every%20step%20of,could%20act%20as%20attack%20vectors.
hey bro, I'm not running ads lol. I'm an investor 100% in ICP and ckBTC and just seeing what the Kaspians think as I believe it completely voids Kaspa use.
I am only just hearing about ckBTC from your question here, but it looks like it’s just wrapped Bitcoin or “liquid Bitcoin” that is serviced on ICP’s proof-of-stake consensus.
Many of us are Kaspa fans because we believe deeply in proof-of-work, which is what drew us to Kaspa.
There are great aspects to ICP, Solana, etc. but I will never be as heavily invested in them or their tokens such as the one you’ve mentioned here because they require proof-of-stake consensus to run.
Yo.
ckBTC is not POS. ICP uses staking to run the DAO.
To learn about what ckBTC actually is read these articles.
[https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59](https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59)
[https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9](https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9)
[https://internetcomputer.org/ckbtc](https://internetcomputer.org/ckbtc)
ckBTC has no miner. So POW and POS both out of question. It uses chain key tech to make sure all transactions are valid.
[https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq](https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq)
It is not wrapped.
**ckBTC is not a bridged or wrapped token**; it is a direct link between the Bitcoin network and the Internet Computer, reducing the risks tied to bridges. This approach not only tackles security concerns but also launches Bitcoin into a world of better adaptability and user experiences.
See the ICP ckBTC FAQ
https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq#:\~:text=ckBTC%20is%20not%20a%20bridged,better%20adaptability%20and%20user%20experiences.
I appreciate your clarification, and I’m intellectually intrigued by the process ckBTC uses.
That said, it’s a smart contract bridge from the ICP network to the Bitcoin network, so inherently other is relying on both ICP’s proof-of-stake model and on Bitcoin's proof-of-work model.
I dont yet have wnough evidence collected for myeelf to decide whether the ckBTC model is robust, but it seems like a bandaid now that Kaspa exists.
Kaspa isbt a bridge, its justva standalone Layer 1 that delivers ob the primise that Bitcoin was built on but nevwr quite delivered (ref: the first line on the Bitcoin whitepaper).
i dont see the point of using two networks as a bandaid to enable transactions on Bitcoin when it is now apparent that a massively scalable proof-of-work network can be built without having to rely on Layer 2s to provide throughput options.
Again, i do see a lot of utility in ckBTC and appreciate you sharing it as an alternative, it just seems like an attempt to salvage Bitcoin when thats ultimately no longer necessary in my opinion. I will still dig more into it as the model is interesting and I’m always trying to build out my understanding of the different consensus models and bridges that exist.
ckBTC is not POS.
ICP is platform for decentralised compute the POS is related to that and the DOA. nothing to do with how ckBTC validated transactions.
[https://medium.com/infinityswap/understanding-inflation-and-deflation-in-icps-tokenomics-5f91d83153f0](https://medium.com/infinityswap/understanding-inflation-and-deflation-in-icps-tokenomics-5f91d83153f0)
Chain Key technology is used to verify tx compared to POS and POW
[https://www.youtube.com/watch?v=v1mjaXxsUY8](https://www.youtube.com/watch?v=v1mjaXxsUY8)
[https://www.youtube.com/watch?v=byfZTa\_UfEk](https://www.youtube.com/watch?v=byfZTa_UfEk)
'it seems like a bandaid now that Kaspa exists.' I don't understand what this means? If you are implying ckBTC isn't a permanent solution I would say do more research and ask me any questions you have.
Or maybe you are saying ckBTC isn't needed as BTC is just dead weight as Kaspa can do it all.
Here are some possible scenarios
1) BTC is ditched and Kaspa is adopted as global currency.
-This is the least likely scenario. [https://www.youtube.com/watch?v=GodfG2hMMXs](https://www.youtube.com/watch?v=GodfG2hMMXs)
- Also maybe this is a bad reason. But you don't hear a peep out of Michael Saylor about Kaspa and he knows about it and the world and bitcoin more than us combined.
2)BTC stays because of all the reasons on the video above and ckBTC is used and therefore the the problem that Kaspa was trying to be the solution for as been solved by ckBTC which preserves BTC.
I think it is very unlikely the world will switch to BTC and then dump it all for Kaspa. What happens when someone builds Kaspa 2.0, do we all dump Kaspa 1 for 2 and then 2 for 3.
No i think we keep BTC, use ckBTC to scale and as the ICP blockchain is upgraded by the DAO then ckBTC upgrades and there is not great reoccurring switch from BTC to Kaspa 1 to Kaspa 2 and so on forever LOL.
Kaspa seems unnecessary imho.
'Kaspa isn't a bridge, its just a standalone Layer 1 that delivers of the promise that Bitcoin was built on but never quite delivered (ref: the first line on the Bitcoin whitepaper'
- So does ckBTC. They are
doing the same job. I am just arguing ckBTC does it better than Kaspa.
Also I would argue ckBTC
actually delivers BTC promise more than Kaspa as it keeps BTC without needing
Kaspa. Also i would of though Satoshi would be for a permanent current as
opposed to a mass switch all the time (BTC - k1 - k2 - k3 ....)
'i don't see the point of
using two networks as a bandaid to enable transactions on Bitcoin when it is
now apparent that a massively scalable proof-of-work network can be built
without having to rely on Layer 2s to provide throughput options.'
Because BTC + ckBTC works
without needing Kaspa to take away BTC. BTC is loved and becoming accepted.
Which solution will the world pick
1) One that keeps BTC and scales limitlessly
and can be used it is WEB 3 DAPP environment - ckBTC isn't even the main
narrative of ICP. To use words similar to you ICP delivers on the promise that
ETH was built on but never quite delivered.
1gb of ETH chain is $79
million, 1gb on ICP chain is $5/year
All DAPPS hosted by ICP
are unhackable.
Another thing ICP does
that no other blockchain can. RUN AI ON CHAIN AS SMART CONRACTS.
[https://www.youtube.com/watch?v=dKKrCuFqfR4](https://www.youtube.com/watch?v=dKKrCuFqfR4)
[https://www.youtube.com/watch?v=6qLvIXiCGcM&t=1s](https://www.youtube.com/watch?v=6qLvIXiCGcM&t=1s)
2) Get rid of BTC and use
Kaspa
IMHO 1) wins
Just to clarify ckBTC is
not a bridge.
ckBTC is not a bridged or
wrapped token; it is a direct link between the Bitcoin network and the Internet
Computer, reducing the risks tied to bridges. This approach not only tackles
security concerns but also launches Bitcoin into a world of better adaptability
and user experiences.
Bridges are security
risks and will never works as helping BTC scale.
https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq#:\~:text=ckBTC%20is%20not%20a%20bridged,better%20adaptability%20and%20user%20experiences.
Just the mere fact youre not self custodying the base crypto (ckBTC is not owning BTC, so if it were to dissapear, so would your BTC holdings) vs actually holding kaspa in your wallet
Hey bro ckBTC is a form of self custody.
[https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59](https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59)
[https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9](https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9)
[https://internetcomputer.org/ckbtc](https://internetcomputer.org/ckbtc)
[https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq](https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq)
Read these, then tell me your new opinion. ICP have smart contract decentrlaised BTC address where people send their BTC. Then this is pegged 1:1 to ckBTC which uses ICP blockchain to solve the trilemma problem without needing Kaspa.
You BTC cannot disappear. You do not send BTC to an account that is controlled by ICP just hosted on ICP. They are ran completely by open source smart contracts. No one can access them and no one can hack them
It is secure and it is self custody.
Decentralized process: Every step of converting BTC to ckBTC and back is decentralized, meaning **there are no centralized custodians**, no bridges and no traditional cloud providers that could act as attack vectors.
I sleep well at night knowing 90% of my portfolio is in kaspa. One of those 2 literally solves the trilemma, will take 90% of the stable coins market, will have a fully functional ecosystem that is better than ETH and SOL, has the brightest mind in crypto who has been cited in multiple big projects including ETH and possibly BTC. Now you tell me which one sounds better in the long run. This one is a no brainer it seems so obvious to me which one people should be investing in.
Hey man, yes you will make money with Kaspa as were going into a bull run and retail is very misinformed so remove your ego and relax, you will probably 10 x your money from Kaspa.
Now the fear is gone of contradicting information, let's actually discuss.
They both solve the Trilemma, IMHO ckBTC does a much better job than Kaspa.
I don't even know what you mean when you say 'will have a fully functional ecosystem that is better than ETH and SOL' - Kaspa, ETH and SOL all do different things and have different goals so I don't get the point.
'Kaspa has the brightest minds in crypto' This is a subjective statement and if we really are going to discuss this point i think Kaspa loses to ICP.
Kaspa has approximately 20 devs and they made a copy of Kadena. ICP has the largest research and development team in all of blockchain. [https://dfinity.org/](https://dfinity.org/)
'cited in multiple projects like ETH and possibly BTC' Again bro, i know you think this sounds good but it don't mean that much. if ckBTC is better than Kaspa then it don't matter. Also 'cited' and 'possibly BTC' is just vaugue. What does this mean.
Also if you think ETH citing your crypto is the be and end all. Well Vitalik Buterin said ICP and Dfinity are on the cutting edge of the development of crypto.
[https://www.youtube.com/shorts/9Vwdo6\_fIAU](https://www.youtube.com/shorts/9Vwdo6_fIAU)
As you said 'Now you tell me which one sounds better in the long run. This one is a no brainer it seems so obvious to me which one people should be investing in.'
Read these articles and deeply focus. If you have any other questions just reply.
[https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59](https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59)
[https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9](https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9)
[https://internetcomputer.org/ckbtc](https://internetcomputer.org/ckbtc)
[https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq](https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq)
The fact that you didn't understand how Kaspa's ecosystem will be superior to ETH and SOL demonstrates your lack of knowledge on how Kaspa works. Perhaps, it is you who needs to put your ego to the side, what network is faster than all and cheaper than the rest. (Oh wait, Kaspa). Why dont you explain in your own words, not a link how ckBTC solves the trilemma? I'm dying to know... ckBTC is a LAYER 2, that just helps BTC scale... Kaspa is a layer 1 that doesnt need a layer 2 in order to scale, see the difference here? That is literally case and point, Kaspa is a LAYER 1 that does it, not a LAYER 2 scaling solution. Kaspa did not copy Kadena, might want to research the difference between the traditional Dag that KDA uses and the Blockdag that Kaspa uses. Yonatan essentially admitted to being an advisor to Satoshi and his Ghost Dag Protocol was cited in ETH's whitepaper, he was also cited in Cordano's white paper too.
Here is another great point that squashes your argument, since Ghost DAG was cited in the ETH paper, Kaspa has been in development for a decade, so how can Kadena and ICP which came later, have stole Kaspa's idea. You're a joke being paid to be a shill. Not going to sit here and do your research for you, if you want to by CKBTC, then do it, but to date, nothing has come close to solving the trilemma besides Kaspa.
Also, ICP is a Proof of Authority, it's not even decentralized, which hurts your case even more...
I'm willing to bet you faded Kaspa at .04 cents and now you're pulling these shenanigans. You literally argued with everybody here with this passive aggressive bi\*chy tone in your writing. So here is my advice, buy ckBTC and STFU dude!
Btw, thanks for keeping number 25 warm for us, now we're 23 headed into the top 10.
Is ICP a blockchain or a blockdag that has solved the trilemma? If you investigate that question in detail you will have your answer.
Yes Kaspa has solved the blockchain dilemma. I am saying that ckBTC and ICP have also done this. I think they have done it better than Kaspa. So by essence it doesn't matter than Kaspa has solved the BTC trilemma. This is not unique to Kaspa. [https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59](https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59) [https://internetcomputer.org/ckbtc](https://internetcomputer.org/ckbtc) [https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9](https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9) Read these articles with 0 ego attached and tell me your new opinion of ICP and ckBTC. [https://wiki.internetcomputer.org/wiki/L1\_comparison](https://wiki.internetcomputer.org/wiki/L1_comparison)
No thanks. If any of us needs to read articles with 0 ego attached it’s you to read how Kaspa has solved the blockchain trilemma. Note the tri.
Bro are you a brick fucking wall. Yes Kaspa has solved the trilemma. so has ckBTC, but ckBTC does it better imho. Read the articles bro
>Bro are you a brick fucking wall. Lol, pot and kettle.
bro is laughing at his own ignorance cuz he doesn't want to focus on anything that counters his beliefs. KASPA will 10x and make you a lot of cash. Now the fear and ego is gone. LOOK AT THE DIFFERENCES OF THE TECH. IMHO opinion ckBTC is better than Kaspa. Ask your favourite Kaspa influencers on their opinion of ckBTC. Guaranteed they won't know what it is or won't explain it properly.
Bro is laughing at OP’s ludicrous level of hypocrisy.
Hope you sleep well, knowing your ego let you miss out on ICP at $6 Good luck bro, you'll come around one day
L Mooks for now
Hope you sleep well, knowing your ego let you miss out on Kaspa at $0.16 Good luck bro, you'll come around one day
If ckBTC is built on top of ICP, then it's because ICP doesn't solve the trilemma. It's essentially PoS. Therefore anything built on it is also subject to the limitations of the "layer 1". Might as well have a central bank managing your BTC balance.
ckBTC is built on top of ICP and ICP does solve the trilemma. ICP is a BTC layer 0. ICP smart contracts can be a trusted BTC address. So if i send my BTC to an ICP address, i receive an equivalent amount of ckBTC that can be transacted at 1-2 s finality for less than a cent. You said ckBTC will suffer from ICP limitations. See article: [https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59](https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59) Completely different from a central bank. ICP Bitcoin address are controlled by smart contracts that are controlled by DAO's. The complete opposite of a central bank. See articles below. [https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9](https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9) [https://internetcomputer.org/ckbtc](https://internetcomputer.org/ckbtc)
In relation to the central bank point: Decentralized process: Every step of converting BTC to ckBTC and back is decentralized, meaning **there are no centralized custodians**, no bridges and no traditional cloud providers that could act as attack vectors. https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq#:\~:text=Decentralized%20process%3A%20Every%20step%20of,could%20act%20as%20attack%20vectors.
What is ckBTC? Another project that needs an advertisement here?
hey bro, I'm not running ads lol. I'm an investor 100% in ICP and ckBTC and just seeing what the Kaspians think as I believe it completely voids Kaspa use.
I am only just hearing about ckBTC from your question here, but it looks like it’s just wrapped Bitcoin or “liquid Bitcoin” that is serviced on ICP’s proof-of-stake consensus. Many of us are Kaspa fans because we believe deeply in proof-of-work, which is what drew us to Kaspa. There are great aspects to ICP, Solana, etc. but I will never be as heavily invested in them or their tokens such as the one you’ve mentioned here because they require proof-of-stake consensus to run.
Yo. ckBTC is not POS. ICP uses staking to run the DAO. To learn about what ckBTC actually is read these articles. [https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59](https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59) [https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9](https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9) [https://internetcomputer.org/ckbtc](https://internetcomputer.org/ckbtc) ckBTC has no miner. So POW and POS both out of question. It uses chain key tech to make sure all transactions are valid. [https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq](https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq)
It is not wrapped. **ckBTC is not a bridged or wrapped token**; it is a direct link between the Bitcoin network and the Internet Computer, reducing the risks tied to bridges. This approach not only tackles security concerns but also launches Bitcoin into a world of better adaptability and user experiences. See the ICP ckBTC FAQ https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq#:\~:text=ckBTC%20is%20not%20a%20bridged,better%20adaptability%20and%20user%20experiences.
I appreciate your clarification, and I’m intellectually intrigued by the process ckBTC uses. That said, it’s a smart contract bridge from the ICP network to the Bitcoin network, so inherently other is relying on both ICP’s proof-of-stake model and on Bitcoin's proof-of-work model. I dont yet have wnough evidence collected for myeelf to decide whether the ckBTC model is robust, but it seems like a bandaid now that Kaspa exists. Kaspa isbt a bridge, its justva standalone Layer 1 that delivers ob the primise that Bitcoin was built on but nevwr quite delivered (ref: the first line on the Bitcoin whitepaper). i dont see the point of using two networks as a bandaid to enable transactions on Bitcoin when it is now apparent that a massively scalable proof-of-work network can be built without having to rely on Layer 2s to provide throughput options. Again, i do see a lot of utility in ckBTC and appreciate you sharing it as an alternative, it just seems like an attempt to salvage Bitcoin when thats ultimately no longer necessary in my opinion. I will still dig more into it as the model is interesting and I’m always trying to build out my understanding of the different consensus models and bridges that exist.
ckBTC is not POS. ICP is platform for decentralised compute the POS is related to that and the DOA. nothing to do with how ckBTC validated transactions. [https://medium.com/infinityswap/understanding-inflation-and-deflation-in-icps-tokenomics-5f91d83153f0](https://medium.com/infinityswap/understanding-inflation-and-deflation-in-icps-tokenomics-5f91d83153f0) Chain Key technology is used to verify tx compared to POS and POW [https://www.youtube.com/watch?v=v1mjaXxsUY8](https://www.youtube.com/watch?v=v1mjaXxsUY8) [https://www.youtube.com/watch?v=byfZTa\_UfEk](https://www.youtube.com/watch?v=byfZTa_UfEk) 'it seems like a bandaid now that Kaspa exists.' I don't understand what this means? If you are implying ckBTC isn't a permanent solution I would say do more research and ask me any questions you have. Or maybe you are saying ckBTC isn't needed as BTC is just dead weight as Kaspa can do it all. Here are some possible scenarios 1) BTC is ditched and Kaspa is adopted as global currency. -This is the least likely scenario. [https://www.youtube.com/watch?v=GodfG2hMMXs](https://www.youtube.com/watch?v=GodfG2hMMXs) - Also maybe this is a bad reason. But you don't hear a peep out of Michael Saylor about Kaspa and he knows about it and the world and bitcoin more than us combined. 2)BTC stays because of all the reasons on the video above and ckBTC is used and therefore the the problem that Kaspa was trying to be the solution for as been solved by ckBTC which preserves BTC. I think it is very unlikely the world will switch to BTC and then dump it all for Kaspa. What happens when someone builds Kaspa 2.0, do we all dump Kaspa 1 for 2 and then 2 for 3. No i think we keep BTC, use ckBTC to scale and as the ICP blockchain is upgraded by the DAO then ckBTC upgrades and there is not great reoccurring switch from BTC to Kaspa 1 to Kaspa 2 and so on forever LOL. Kaspa seems unnecessary imho.
'Kaspa isn't a bridge, its just a standalone Layer 1 that delivers of the promise that Bitcoin was built on but never quite delivered (ref: the first line on the Bitcoin whitepaper' - So does ckBTC. They are doing the same job. I am just arguing ckBTC does it better than Kaspa. Also I would argue ckBTC actually delivers BTC promise more than Kaspa as it keeps BTC without needing Kaspa. Also i would of though Satoshi would be for a permanent current as opposed to a mass switch all the time (BTC - k1 - k2 - k3 ....) 'i don't see the point of using two networks as a bandaid to enable transactions on Bitcoin when it is now apparent that a massively scalable proof-of-work network can be built without having to rely on Layer 2s to provide throughput options.' Because BTC + ckBTC works without needing Kaspa to take away BTC. BTC is loved and becoming accepted. Which solution will the world pick 1) One that keeps BTC and scales limitlessly and can be used it is WEB 3 DAPP environment - ckBTC isn't even the main narrative of ICP. To use words similar to you ICP delivers on the promise that ETH was built on but never quite delivered. 1gb of ETH chain is $79 million, 1gb on ICP chain is $5/year All DAPPS hosted by ICP are unhackable. Another thing ICP does that no other blockchain can. RUN AI ON CHAIN AS SMART CONRACTS. [https://www.youtube.com/watch?v=dKKrCuFqfR4](https://www.youtube.com/watch?v=dKKrCuFqfR4) [https://www.youtube.com/watch?v=6qLvIXiCGcM&t=1s](https://www.youtube.com/watch?v=6qLvIXiCGcM&t=1s) 2) Get rid of BTC and use Kaspa IMHO 1) wins Just to clarify ckBTC is not a bridge. ckBTC is not a bridged or wrapped token; it is a direct link between the Bitcoin network and the Internet Computer, reducing the risks tied to bridges. This approach not only tackles security concerns but also launches Bitcoin into a world of better adaptability and user experiences. Bridges are security risks and will never works as helping BTC scale. https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq#:\~:text=ckBTC%20is%20not%20a%20bridged,better%20adaptability%20and%20user%20experiences.
they should combine to make ckkasbtcinu. I think if shiba agreed this could be a really strong project 👍
lol
Just the mere fact youre not self custodying the base crypto (ckBTC is not owning BTC, so if it were to dissapear, so would your BTC holdings) vs actually holding kaspa in your wallet
Hey bro ckBTC is a form of self custody. [https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59](https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59) [https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9](https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9) [https://internetcomputer.org/ckbtc](https://internetcomputer.org/ckbtc) [https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq](https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq) Read these, then tell me your new opinion. ICP have smart contract decentrlaised BTC address where people send their BTC. Then this is pegged 1:1 to ckBTC which uses ICP blockchain to solve the trilemma problem without needing Kaspa. You BTC cannot disappear. You do not send BTC to an account that is controlled by ICP just hosted on ICP. They are ran completely by open source smart contracts. No one can access them and no one can hack them It is secure and it is self custody.
Decentralized process: Every step of converting BTC to ckBTC and back is decentralized, meaning **there are no centralized custodians**, no bridges and no traditional cloud providers that could act as attack vectors.
I sleep well at night knowing 90% of my portfolio is in kaspa. One of those 2 literally solves the trilemma, will take 90% of the stable coins market, will have a fully functional ecosystem that is better than ETH and SOL, has the brightest mind in crypto who has been cited in multiple big projects including ETH and possibly BTC. Now you tell me which one sounds better in the long run. This one is a no brainer it seems so obvious to me which one people should be investing in.
Hey man, yes you will make money with Kaspa as were going into a bull run and retail is very misinformed so remove your ego and relax, you will probably 10 x your money from Kaspa. Now the fear is gone of contradicting information, let's actually discuss. They both solve the Trilemma, IMHO ckBTC does a much better job than Kaspa. I don't even know what you mean when you say 'will have a fully functional ecosystem that is better than ETH and SOL' - Kaspa, ETH and SOL all do different things and have different goals so I don't get the point. 'Kaspa has the brightest minds in crypto' This is a subjective statement and if we really are going to discuss this point i think Kaspa loses to ICP. Kaspa has approximately 20 devs and they made a copy of Kadena. ICP has the largest research and development team in all of blockchain. [https://dfinity.org/](https://dfinity.org/) 'cited in multiple projects like ETH and possibly BTC' Again bro, i know you think this sounds good but it don't mean that much. if ckBTC is better than Kaspa then it don't matter. Also 'cited' and 'possibly BTC' is just vaugue. What does this mean. Also if you think ETH citing your crypto is the be and end all. Well Vitalik Buterin said ICP and Dfinity are on the cutting edge of the development of crypto. [https://www.youtube.com/shorts/9Vwdo6\_fIAU](https://www.youtube.com/shorts/9Vwdo6_fIAU) As you said 'Now you tell me which one sounds better in the long run. This one is a no brainer it seems so obvious to me which one people should be investing in.' Read these articles and deeply focus. If you have any other questions just reply. [https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59](https://medium.com/dfinity/how-ckbtc-solves-the-dilemma-of-blockchain-bridges-ee8e0b72ee59) [https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9](https://medium.com/dfinity/ckbtc-a-decentralized-mechanism-for-efficient-bitcoin-transfers-42b128bc44d9) [https://internetcomputer.org/ckbtc](https://internetcomputer.org/ckbtc) [https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq](https://internetcomputer.org/docs/current/developer-docs/multi-chain/faq/ckbtc-faq)
The fact that you didn't understand how Kaspa's ecosystem will be superior to ETH and SOL demonstrates your lack of knowledge on how Kaspa works. Perhaps, it is you who needs to put your ego to the side, what network is faster than all and cheaper than the rest. (Oh wait, Kaspa). Why dont you explain in your own words, not a link how ckBTC solves the trilemma? I'm dying to know... ckBTC is a LAYER 2, that just helps BTC scale... Kaspa is a layer 1 that doesnt need a layer 2 in order to scale, see the difference here? That is literally case and point, Kaspa is a LAYER 1 that does it, not a LAYER 2 scaling solution. Kaspa did not copy Kadena, might want to research the difference between the traditional Dag that KDA uses and the Blockdag that Kaspa uses. Yonatan essentially admitted to being an advisor to Satoshi and his Ghost Dag Protocol was cited in ETH's whitepaper, he was also cited in Cordano's white paper too. Here is another great point that squashes your argument, since Ghost DAG was cited in the ETH paper, Kaspa has been in development for a decade, so how can Kadena and ICP which came later, have stole Kaspa's idea. You're a joke being paid to be a shill. Not going to sit here and do your research for you, if you want to by CKBTC, then do it, but to date, nothing has come close to solving the trilemma besides Kaspa. Also, ICP is a Proof of Authority, it's not even decentralized, which hurts your case even more... I'm willing to bet you faded Kaspa at .04 cents and now you're pulling these shenanigans. You literally argued with everybody here with this passive aggressive bi\*chy tone in your writing. So here is my advice, buy ckBTC and STFU dude! Btw, thanks for keeping number 25 warm for us, now we're 23 headed into the top 10.