Kaspa – KAS Kaspa: Michael Saylor, Second Best Might Exist? I feel like we already have uh Clarity in terms of the U.S regulatory regime for now Gary Gensler at the SEC seems to want to stop any crypto companies um in their tracks and either have them close their businesses down completely or move offshore how do you think how do you Think it’s all playing out well I think microstrategies view since 2020 has been that the only institutional grade investable asset in the crypto space is Bitcoin Bitcoin is the universally globally acknowledged digital commodity in this industry I think it’s pretty The Regulators don’t don’t see a legitimate path forward for Cryptocurrencies like the stable coins crypto Securities like the tokens mentioned they don’t they don’t have any love for crypto derivatives they don’t have any love for crypto tokens and and they have a view of crypto exchanges which is uh far constrained I mean their view is crypto exchanges should changes Should trade and uh and hold uh pure digital Commodities like Bitcoin and so the entire industry is is kind of destined uh to be rationalized down to a Bitcoin focused industry with maybe a half a dozen to a dozen other other proof of work tokens so Mike so you Heard it there Michael Saylor said that he believes that the industry is going to be narrowed down to a Bitcoin focused with maybe a dozen other proof of work currencies welcome back to the Casper silver YouTube channel if you guys are new around here please consider leaving a Like on the video after watching and also subscribing to the channel Michael Saylor obviously does not know about the upcoming proof of work cryptocurrency known as Casper Casper’s actually been moving like crazy recently and it’s just based upon the fact that it is going to be SEC resistant number one number two The developers that are behind Caspa is so mind-blowing the history goes back so far that in my opinion there’s just no other reason to be investing into anything else other than Casper and Bitcoin Bitcoin is going to be respected by the rest of the world Bitcoin is King Bitcoin’s not going anywhere there’s a ton of Bitcoin ETFs being proposed Now by BlackRock and by other companies five banks got together to make their own crypto Exchange guys it’s pretty it’s pretty obvious Bitcoin is going to be the one it’s it’s going to be the most respected always But Michael Saylor there believes that a second best may be available and I pretty much could say that Casper is on that path to do this and this is because of all the respect it has in the space taking a look at the ethereum white paper we can already see how Jonathan And Aviv which are the original people who created the Ghost Protocol back in 2013 are cited in the ethereum white paper this is because their technology was first was first proposed to bitcoin secure High rate transaction processing and Bitcoin by Jonathan and Aviv this was back in 2013 this was otherwise Known as The Ghost Protocol and you could see that ethereum actually implemented a modified version of the Ghost Protocol and ultimately did not even really succeed with it ended up having to hard Fork into a proof of stake cryptocurrency and honestly I think the transition is happening that People are realizing proof of stake cryptocurrencies are not how currencies should be built basically what’s happening is the whole entire crypto Market the rest of the crypto Market is technically just a bunch of companies that are funding themselves with retail investors and they’re dumping their tokens on top of you well these Currencies probably go up in the future yes they probably will but honestly I don’t care to have more risk on top of the fact that it’s already a cryptocurrency cryptocurrency is risky in itself but I’m going to add more risk to the fact that my currency may get delisted from exchanges because they’re Going to be a security or they’re going to have to go through government issues and all that kind of stuff I don’t want to deal with that kind of risk and that’s why I hold true to a Bitcoin and Casper holding portfolio for the upcoming crypto bull market Bitcoin has Ton of History ton of trust ETFs are being built for it it’s pretty clear Bitcoin literally has its own country that has it as legal tender it’s pretty clear Bitcoin is should be in everyone’s portfolio pretty much but then Casper has so much history to it it’s in itself Too the amount of research that has gone into building Casper I mean we’re talking about ethereum white paper and then not only that it goes into the Specter protocol which came out in 2016 which then eventually gets into the Phantom go stack protocol which comes out in 2021 which is Casper today and Then soon we’re gonna have the dag Knight protocol come into Casper which is basically just gonna be faster than we’ve ever seen in a proof of work cryptocurrency and the developer behind all of this mainly Johnson is the guy who actually founded the original protocol that was proposed to Bitcoin and it was rejected he founded the Specter protocol which is actually a protocol that other cryptocurrencies are attempting to use which I’m going to be showing you that in a little bit here and ultimately Jonathan is respected in the space he’s the reason why like 99 of cryptocurrencies actually exist in the Space because they use some of his protocols some of his implementations because Jonathan has always been building back since 2013 and he’s finally made his own coin which is Casper I want to show you guys this clip from the cardano uh founder over here I haven’t heard a Lot about this but take a listen to this the Specter protocol yeah that’s that protocol we might implement it depends upon at the end of the day the research development the the Zen cash team’s opinion the community’s opinion but that’s the probably the best of the of The group that we’ve seen to start with in a really rigorous increase I mean it’s extremely fascinating I would say this is the most fascinating protocol out there throws things down it doesn’t damage throughput or security so this was a line of researchers starting Israel under two people obviously Zohar And Yoda what year did that come out and uh the first paper was called ghost and it came out 2013 and actually we included ghost a version of it in the ethereum protocol so later on what they did is they built up the theory they built up the rigor And they created a new version of the protocol called Specter which came out in 2016.right and they’ve been since iterating and refining and thinking carefully about the model putting all that work into you know creating a dag I mean is that something that you’re really serious about implementing Thousands of transactions per second yeah low latency uh confirmation times uh it’s basically like an order of magnitude performance if there is a big difference between the Specter protocol and uh the existing dag protocol that’s being implemented in in the three other projects we mentioned right yeah it’s Vector is kind of fine-tuned for proof of work Iota and uh hashgraph is not you see all the protocols that Johnson has built has always been for proof of work only it does not work on a proof of stake it can only work on a proof of Work and you could see how they’re actually respecting Jonathan’s work and saying that they even wanted to maybe implement the Specter protocol but Jonathan has passed the Specter protocol he’s already uh been uh passed that and is already done done with that he’s moved on and he’s moved on to the Phantom Ghost stag protocol which is actually the protocol that Caspa is running in right now and I want to show you also another clip of a vitalik you know some actually some credibility to Jonathan as well it stands for latest message driven greedy heaviest observed subtree Um so it’s an adaptation of the Ghost Protocol uh created by Jonathan sombolinski and if you have Zohar back in 2013 to a proof of stake context and the way the ghost protocol for proof of work worked is basically that instead of looking at the longest chain you do this Kind of block by block procedure where every time you reach a block that has two children um you pick the child that has more blocks in total supporting it even if those blocks are not part of the same chain so there you have it vitalik giving some credibility to Jonathan back Then in the day talking about his protocol that they implemented into ethereum and they use the modified version of that as well you see Casper is solving the crypto trilemma it solved the decentralization issue it solved the scalability issue and it’s also solving the security issue because all Casper is Is a generalization of the Nakamoto consensus which that consensus follows the longest chain uh protocol and basically they just innovated it and created a block dag and this block dag looks just like this and it connects blocks in a parallel that’s why it’s called a dag and it’s Connecting Blocks to other Blocks and right now we’re able to do one block per second we’re currently testing 10 blocks per second which I’ve never been seen before in the crypto space and also you know there’s no pre-mind no Ico no allocated tokens completely Fair launched just like Bitcoin and if you’re a bitcoiner Casper Is definitely 100 worth the look uh to to start researching into uh just because of all the tech behind it and um I know like the saying the meme is like oh yeah I’m in it for the tech and and honestly I mean like the tech is what Blows me away and the tech and in my opinion I think education is what’s gonna win is what’s gonna make Casper win is education people actually understanding the tech that is going behind Caspa this isn’t just like some meme coin this isn’t just another proof of stake token this isn’t just any kind Of cryptocurrency that’s built this is a cryptocurrency has never been seen before in the space it has no competitors in the space it has the best developers in the space you heard it from other Founders uh from coins that are in the top 10 giving credibility to Jonathan who is the founder of Casper so uh you know these are the reasons why gospel to me is very trustworthy and is super bullish for the long run and in my opinion why don’t waste my time investing into any other cryptocurrencies other than Bitcoin and Casper you see Bitcoin is the digital Gold in the space and Casper’s aiming to be the Digital Silver so if you guys enjoyed that video and if you guys have not yet subscribed to my patreon consider supporting my channel and subscribing to the patreon you guys get access to my private Discord where you Guys can talk to like-minded people like myself and also get access to free giveaways every single week and also Early Access to all my YouTube videos before they go live to the public so I hope you guys enjoyed this video please consider leaving a like and subscribing To the channel and as always don’t be average be different Consider Joining My Patreon to get access to the private Discord & More! 👉 https://patreon.com/KaspaSilver?utm_medium=clipboard_copy&utm_source=copyLink&utm_campaign=creatorshare_creator&utm_content=join_link If you want a solid cold storage solution to hold your Kaspa or other crypto consider getting the Tangem Wallet and get a 10% discount when you use the code: KASPASILVER👇 https://tangem.com/pricing/?promocode=KASPASILVER If you want to get your own OneKey Classic Hardware Wallet To Protect Your Crypto Get It Here:👇 https://shop.onekey.so/products/onekey-classic-crypto-hardware-wallet?sca_ref=3851116.ow6AQYRtQq Consider following me on Twitter👉 https://twitter.com/KaspaSilver Disclaimer: Remember I am not a financial advisor and everything I say here should not be taken as professional investing advice.Please always do your own research! I am just like you learning and taking a risk when investing and talking about kaspa.My youtube performance does not reflect the reliability of my information being accurate or perfect.I hope you enjoy and never invest what you are not willing to lose.
Jesus Saves! God Bless.#kaspa #bitcoin #crypto source.
