I’m writing “The Kaspa Standard”. I’m 20k words in and have only just finished section one… I intend for this book to be a full length economic analysis of Kaspa and why it will be global money. I won’t blast you with technical jargon or approach this with permabull rose tinted glasses. I will teach you, from start to finish, why Kaspa is the only contender for our future financial system - And why it’s inevitable. #kaspa #kaspacommunity

Bitcoin has failed. Not because the network has broken, but because the incentives don’t work. Sure, Bitcoin has a fixed supply. So does Dogecoin. But what about the demand side? Will anyone buy it when it’s got no fee revenue and no security? What about when ETFs, Saylor and institutions rehypothecate and print unbacked claims on Bitcoin and base layer demand is diluted? Will anyone use it for payments when it takes 10 minutes to send and might cost your car in fees? Bitcoin is too slow to be used as money and is corruptible for the same reasons as gold. #kaspa is the only asset which avoids this structural problem and can remain decentralised money at scale.

Time preference affects whether #kaspa is adopted. Using Kaspa as a store of value requires a long term outlook. Uncertainty about hashrate in 10 years time disincentivises adoption now. Conversely, using Kaspa as a data sequencing layer (verifying trades with ZK proofs, frictionless settlement of fiat on Kaspa) relies only on current hashrate and cares little for network health in 10 years time. No disincentive to adopt. @kaspakii with Warpcore and ZET-EX are a great example. Focussing on high time preference use cases creates the fee floor for low time preference use cases. @hashdag and @michaelsuttonil’s focus on creating a thriving data layer is the Trojan horse for Kaspa’s adoption as money. #bitcoin has no such incentive and will die…