Chilling On The Kaspa Island | Realizing The Risk To Reward Kaspa Has

Added: 2026-06-09

[00:00:00]Welcome back to the Casper Silver YouTube channel. In today's video, I want to talk about chilling on the Casper Island and not realizing the risk to reward potential for Casper. You see, recently, we've had a lot of things going on in the crypto space that has just turned it even more bearish than it already was. You know, to make matters worse, Michael Saylor decided to sell 32 Bitcoin, which basically just created more fear in the markets. And then, on top of that, just in last night, Zcash crashed over 50% in the last 24 hours because AI discovered a hidden exploit that was within the privacy of Zcash in their shielded pool. And basically, it would allow anyone to go in there and create an unlimited amount of Zcash within the shielded pool. And since it's fully private, you're not going to be able to know, basically, if this occurred. And then, at the same time, if that individual did withdraw Zcash into the existing supply that is transparent, there's no way to prove if that Zcash is fake or not. And so, honestly, like a lot of people were saying that they're worried about, "Oh, maybe the supply of Zcash is no longer capped. It could be infinite."

[00:01:22]But I don't really think this is the issue. The main issue is the fact that there's no way to prove if the transparent Zcash you are seeing circulating is fake Zcash because that shielded pool only allows the amount that has gone into the pool to come out of the pool. And so, if the person was smart, they wouldn't have ever extracted everything that has gone in out because then it would just leave users basically with Zcash that they can never claim and would expose the exploit. If it was a smart person that committed this exploit, then he probably only released a little bit of Zcash over time and can completely go unnoticed unless everyone was to remove their Zcash from the shielded pool. But nonetheless, this exploit existed. We don't know if it was actually utilized. You know, the devs claim it wasn't utilized, but a lot of it is kind of just just trust me. And that is something very crucial to crypto where, you know, you're supposed to verify and not only trust. And so at this current moment, personally for me, I I would never consider buying Zcash because of this exploit and it's existed for over 4 years. Who knows whether or not or not it's been exploited. And so with all this going on, I really wanted to hone in on chilling on the Kaspa island. And here's why.

[00:02:43]Recently, Wolfie decided to host a space calling calling it Kas Strong Island.

[00:02:50]And before that space, I had made this post here and I said, "Kaspa just needs to keep building and delivering and most other alts will simply just lose value making Kaspa more valuable. People underestimate how good the risk to reward is with Kaspa. It's not first to many things, but instead it's able to tackle everything with a fresh start.

[00:03:11]See what worked and what didn't and try to implement everything to as close as perfect as possible. Not being first is an advantage and this is why you should at the very least study Kaspa. And something that's, you know, very interesting that is happening right now is despite the markets crashing, Bitcoin crashing, we're actually seeing Kaspa gain dominance against Bitcoin and start moving up in the ranks. I mean, you could literally see the assets that I like to watch here and only Kaspa right now, 9% against Bitcoin, 4% on the USD chart, and everything else is pretty much in the red except for the volatility index because obviously right now everything is very volatile. But there's a reason for that, you know, Kaspa already has had its bear market during the bull run and to me this is appearing as if Kaspa is going to be another bear market safe haven like it was back in 2023. This is something that I have always been speculating that it could be the case. Now, does this mean Kaspa won't go any lower than here? I don't know and I'm not in the business of trying to price predict, but all I do know is that for me personally Kaspa is something that I'm just going to continuously dollar cost averaging into because the risk with Kaspa are not many. And I'm going to go ahead and take a clip from the space today and let you guys listen in to what I had to say there where I kind of just expound a little bit more on what I've already been saying in this video here. Kind of just want to piggyback on the title.

[00:04:41]Uh strong island is like really perfect to kind of put it cuz just looking at Kaspa and really just analyzing everything else. I I just recently made a post. Kaspa literally just has to keep existing and will be able to weather all the storms and it not being first to implement every single thing that everybody wants, smart contracts and all this kind of fancy stuff is totally a positive because um with this Zcash exploit that just came out, it's like perfect timing because we're literally about to implement ZK proofs. ZK proofs would have allowed people to create a shielded protocol on Kaspa and eventually essentially just have like a privacy uh pool on Kaspa. And then it literally would have just um now that this exploit happened, guess what? That exploit can never happen on Kaspa cuz we'll for sure be able to catch it and have it patched before it ever goes live. So Kaspa being uh not being first is a positive, it's an advantage. And then on top of that, Kaspa has all of these uh it has it has the sound money thesis, it has the degen thesis, it's going to eventually have the defi thesis, and pretty much all the thesis without the sailor risk, the huge ETFs risk. It doesn't have all of those kind of like counterparty risk like all these other assets have. So, it's it's it's kind of just under the radar. All it has to do is just keep existing. Um if you want to like sell Kaspa now, to me, you know, it doesn't doesn't make a lot of sense like at this point cuz it's just like, why are you selling? The only reason why you would sell right now is cuz you're just fearful of price movement. But, fundamentally, there's there's no reason to be selling Kaspa, and I think people really underestimate the risk-to-reward potential that that Kaspa does bring um to the space and and hopefully we'll we'll see it start to shine and maybe kind of pull a a 2023 run where, you know, it's it's a bear market safe haven, which I've said many times that I believe uh Kaspa typically becomes during a bear market. And so, to further prove my point and how like Kaspa just simply needs to keep on existing, and then people will essentially just start waking up to it, we literally had Justin Bonds join the space. And if you don't know who Justin Bonds is, this guy has, you know, over 66,000 followers, and he's been a big critic of Kaspa. He's literally always been bashing Kaspa, calling it a primitive dinosaur chain.

[00:07:20]You know, he's he's said for many times that he just does not really like Kaspa, and that it's missing things that he really deems to be important. But, this man decided to join a Kaspa space cuz people asked him to join, and he came in and decided to at least listen and conversate and to discuss what is Kaspa doing, what it's implementing so that he can get a better understanding into it and Justin Bonds is is you know it says here he's a founder and CIO of Cyber Capital.

[00:07:51]So it's a cryptocurrency fund. So basically he research cryptocurrency projects and then he adds it to his fund and then people could buy his fund and have allocation have exposure to those projects and you know he stated in there that he he simply just doesn't like Kaspa still and that you know he doesn't want to consider it right now as something to add to his fund but he was still at least willing to listen and learn more and to really rethink maybe his thoughts around Kaspa and something that he he does say that is very critical is that right now Kaspa has no turning complete VM for smart contracts and so this is something I did want to address this is an old post from 2024 this is something he considers a deal breaker for me that's what he says here and I just to rebuttal this is a lot of people you know over the years and this is something that I just come to a realization on how to basically explain this better is you know people would critique Kaspa and say Kaspa doesn't have smart contracts and I think the next question should be what utility with smart contracts are you wanting on Kaspa that isn't already available in some sort of way because a lot of times when people are like oh Kaspa doesn't even have smart contracts da da da da da da da and and usually the person just wants to maybe mess with meme coins or NFTs or just mess around with DeFi like staking or something like that they want to mess around with those things and don't realize that Kaspa already has a KRC-20 protocol a KR 721 protocol for NFTs like it already has implemented these features without full-fledged smart contracts and the reason why you don't want to put full-fledged smart contracts on Kaspa is cuz you don't want to bloat the network.

[00:09:41]You You want to keep the network very, very efficient, fast, and scalable, and not bloaty, you know? So, you don't want to be just putting full-fledged smart contracts like every other network has done because it will essentially just centralize Kaspa, and that's not the goal here. The goal is not to centralize Kaspa, but to keep it decentralized and as scalable as possible. So, I went ahead and and asked them that direct question. I hope I do get an answer um because really that that's like the the deal breaker to me is what utility specifically that smart contracts allows the project to do, what is it specifically that you want to see on Kaspa because currently right now, you know, if you care about creating tokens on Kaspa, you could do that already. If you care about creating an NFT on Kaspa, you could do that already. If you care about uh getting into DeFi, you know, we have that with layer two solutions that is fully EVM compatible with Iggra and whatever. You know, you may or may not like that direct uh approach to it, but the thing is it it exist, and you know, definitely people are waiting for something like V Progs, which is going to open up a whole lot more uh utility for Kaspa and also keep it more native to the layer one and would be a whole lot more trustless. But with this Tokamak hard fork, you know, it's going to allow for a lot of trustless applications to start being built uh on Kaspa already, and we'll get us closer to the features that people may want with smart contracts without having a full-on complete VM for smart contracts.

[00:11:15]So, I may do a a dedicated video kind of breaking that down a little bit more, but did want to address it in this video just because, you know, I did bring up Justin Bons and wanted to kind of cover a little bit what he's uh critiqued with Kaspa in the past, but nonetheless, Kaspa to me just has a risk and reward that you don't really see much in the space at all. Kaspa's able to look at everything at a fresh start.

[00:11:38]It doesn't need to be first to everything, but instead, it can learn from everything that's already existed.

[00:11:43]And as time goes on, it can implement those things and do it in the most perfect way possible. Before we go, if you have not considered becoming a member on this channel, I would greatly appreciate that. It's $5 a month. You could choose to become a member via Cashaa, which allows you to pay in Kaspa, or you could just do through YouTube here or Patreon. And either of these give you access to all of these videos before they go out live. Usually it's about 24 hours before they go out live. And then also you get to see my market update videos where I go more into depth about the market and my portfolio as well, showing you guys exactly how much Kaspa I hold um and Bitcoin um that I hold if I am holding it or not. Look into that if you are interested. You can also book a one-on-one video call with me through cal.com. And if you have not gotten a cold storage wallet for Kaspa so that you're not holding your Kaspa on an exchange, please look into either Ledger, Tangem, or Keystone. Either of these are affiliate links and it greatly does support the channel. But as well as that, if you use the code KaspaSilver at the checkout for Tangem or Keystone, you will get a discount on those wallets.

[00:12:52]So, take a look into that. I think Ledger, if you use the code there, you're going to get like $10 in Bitcoin.

[00:12:58]So, thank again for watching. Leave a like. Subscribe to the channel if you guys are new on here. And as always, don't be average. Be different.