That $KAS Saylor apple 🍏 was it a hint? My bet it’s the @cameron / @tyler brothers that are Entity X. But this 2024 tweet by Saylor sure was random.

I suspect one of the biggest questions an institution evaluating Kaspa would ask has very little to do with whether the technology works. Kaspa has already demonstrated high-frequency Proof of Work, 10 BPS operation, fast confirmation, and substantial unused transaction capacity. The harder question is economic: who is going to consume that capacity? Kaspa’s security budget is still overwhelmingly subsidy-driven. That matters because Kaspa’s emission schedule is unusually aggressive. Roughly 95% of the eventual supply has already been mined, and issuance continues declining geometrically toward effectively zero. The long-term security model therefore increasingly depends on transaction fees becoming meaningful enough to compensate miners as subsidy disappears. Right now, that fee market is still extremely immature. Recent standard transaction activity has been roughly 1–2 TPS while the network is capable of processing vastly more. That is excellent from a user-experience standpoint because blockspace is cheap and abundant, but from a security-budget perspective it means there is currently little competition for that blockspace. This is why I think Kaspa outreach should increasingly target builders before institutions. DeFi protocols create settlement transactions. DePIN networks generate machine payments, attestations and economic events. AI agents potentially generate enormous quantities of autonomous micropayments, escrow transactions, service purchases and machine-to-machine coordination. Toccata, covenants, Silverscript and eventually higher-level tooling like Argent give these applications increasingly sophisticated ways to use Kaspa directly. Those are the boots on the ground. An institution can buy KAS, but an application can generate millions of transactions. And millions of economically meaningful transactions create fees, liquidity, infrastructure, wallets, users and observable demand for blockspace. If Kaspa wants institutional adoption, the strongest argument may not be convincing institutions first. It may be building an economy underneath them that becomes impossible to ignore.

Mind that @KaspaKii is neither a developer, deliverer of products, nor a ‘stacker’, but an enabler of applications in the industry. In that sense it should benefit markets and community

the @heyaskr team shipped a lot in like 72h, here's a recap of what rolled out since fri (their posts + changelog): > voice talk to the model on any device (allegedly speech runs in your browser, nothing sent to their servers, doesn't spend credits) > shared workspace/collab rooms for up to 12 people, shared balance. anyone in the room can prompt, anyone can top up. free to join, you only burn credits on actual runs. kinda like one company card for ai, except multi model. > holder discount got rewritten + free credits (this is a big one imo) old story was "discount on a platform fee" while launch was feeless... so that discount was a bit hollow.... as of today: hold robinhood:0xa92768863a55d8a0591709f7f5e594a249d36ea3, link wallet (no stake/lock/send), models run at 5% of list price up to a daily allowance that scales with how much you hold. every 0.01% of supply ≈ 1000 discounted credits/day, refreshes daily, unused doesn't roll. past the allowance you pay normal, and works inside collab also. they also say they're subsidising that 95% themselves, and they're airdropping free ai credits to every holder on (even if you've never deposited) they burned 7% of supply, and 5% is time locked (~12% removed from circulation), public tx. read that however you want, just noting they did it in the open why i still find it interesting without pretending it's unprecedented: > shipping pace... thesis friday -> voice/collab/holder rewrite by monday > narrative fit is "ai usage as a credit balance" meeting "token as access", on robinhood chain where a lot of new retail attention is concentrated > the roadmap content (memory that follows you across models + a model stack built around you) is where this stops being another aggregator tab... if they ship it (BIG IF)... until then it's execution + distribution i'm trying to get on a call with the team this week if they're free... want to go deeper on roadmap/vision, what "fusion" actually means in practice before i say more than "they're shipping" nfa. crypto is risky as wel all know, most tokens go to zero, product ≠ price. DYOR, NFA