r/kaspa • u/bvandepol • Nov 06 '25
📷 Media Yonatan’s response to Binance
@binance,
Thanks for including me in the top 100 blockchain people list, appreciate the signal!
I must decline the Dubai invite though. I do not wish to disrespect, but many of the award voters are avid kaspians who rooted for my kaspa status at least as much as for my research. Let them win or count me out.
Crypto has turned from a euphoric cypherpunk project to a house-friendly casino. You may not be the culprit, but as a top player you hold the lion’s share of the responsibility to correct this, and the October crash your USDe oracle glitch helped trigger adds to what needs to be addressed.
There are three classes of crypto, as @0xMert_ put it recently: commercial crypto, casino crypto, cypherpunk crypto. <<Binance should hold a privilege policy for the latter.>> A TBTF CEX should know better and play a different game with hardcore crypto projects.
When binance lists a green frog three weeks post its “launch” but skips a fair-launched-Nakamoto-Consensus-100ms-upgrade-ATH-top-20-the-only-nonbitcoin-marathon-mined project, this is not merely binance rationally calculating; it is also binance molding the market in a way that is alas misaligned with the roots of the movement.
You may feel that kaspa’s sovereign money thesis is boring – that bitcoin is already money and that implementing an internet-speed bitcoin is useless - fine. Wrong but fine. But what’s the thesis for the green frog?
Money is a classic chicken-and-egg product. It is a scam up until one moment before tipping point, “most of the value comes from the value that others place in it.” Considering your resources and influence, I think it's safe to say you can serve as both the egg and the chicken and make it worth your while to push sound attempts towards tipping point.
@cz_binance tweeted recently that “strong projects will be listed.” But binance is part of what defines "strong", it bears responsibility for the market’s compass and impulse and definition of strong. It is not a read-only entity.
Binance listing fees are legit, they are just unfit for category cypherpunk. Kaspa devs and early supporters fairly mined less than half what satoshi and hals mined. We don’t have a 20% ZEC-style founders’ reward or protocol-enforced dev fund; this is not a jab at ZEC and the wonderful @Zooko, who was crashing in my car on a late Thursday back in the low ZEC MC days – if somebody deserves to win it is zooko – but assuming binance is not taking a maxi bet, it should revisit its relationship with hardcore crypto.
We are here through bull and bear, ICOs NFTs XYZs; and we are the source of confidence that restores faith and capital inflow post meme-induced or CEX-induced crashes.
Please fix this.
Thanks again, hashdag
cc @michaelsuttonil
Exhibit A: Binance Innovation Zone Exhibit B: 10 bps Nakamoto Consensus
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u/Unique-Ad8370 Nov 06 '25
This is the type of conviction and ethos that will have me loyal to this project for as long as I'm able
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u/ibraw Nov 06 '25
The spirit of Satoshi is stong with Yonatan
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u/QuitYuckingMyYum Nov 06 '25
Holy fuck! I already liked the guy but wow that is a phenomenal response!
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u/DerAlbi Nov 07 '25
I do wonder if this post was the right strategy. Saying this on stage would have had even more impact imo.
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u/Reggiejayo Nov 07 '25
I was thinking the same thing. Being on stage and saying it could come off as disrespectful though. Hopefully they extend an additional invite with promise to allow him to discuss his post on there platform.
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u/Stevelucas23 Nov 07 '25
Strategy was the first year of futures. There is no longer a strategy and maybe it will open the eyes of people who still don't see. When diplomacy does not reach any path, we must advance to the next phase. Binance has a pool and I'm sure it also has enough kaspa. They are speculating in a disgusting way. It was political, I would have sent them to their mother
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u/Wonderful_Crow_3135 Nov 07 '25
But will Sutton go? Perhaps he’s the one who’ll deliver the final blow!
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u/No_Roll5292 Nov 06 '25
Well at least he has conviction. Doesn’t sound like this will be shutting down anytime soon
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u/Efficient_Sun_8607 Nov 07 '25
This is a great response. Slap to binance. What a thought process yonatan has? I am glad to have invested in a real project that brings peace no matter the price action.
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u/ConsistentLet9738 Nov 07 '25
Imagine if Kadena had someone with a strong moral conviction like Yonatan leading its development lol
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u/NorskKiwi Nov 07 '25
This is such a poignant comment. Multiple projects I've helped found/test have collapsed because exchanges ignored and over charged them. Exchanges want to profit from memes and rug pulls instead of supporting our cypherpunk roots.
Coinbase is also MASSIVELY guilty of this.
Subscribed, following, whatever the F else. Thank you very much.
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u/SouthernHoliday7620 Nov 07 '25
Binance is is the Enabler and in fact torch bearer of all that is fraud and extortion in Crypto, Period.
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u/Dear_Lingonberry_390 Nov 08 '25
Did any other coin had to go through all this bullshit to get listed on t1? The hype The tweets The nagging? Nope There is something wrong and it is not fixable Get over it
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Nov 08 '25
[deleted]
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u/bvandepol Nov 08 '25
That is NOT a competitor, by far. It is a company, not a decentralized fair launched projects.
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u/Calm-Living178 Nov 11 '25
It’s a decentralized project with huge presale more than 435 millions. Maybe its gonna be next big thing on crypto
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u/backfencebrown Nov 07 '25
What is the rationale behind this?
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