Quote from: d5000 on May 30, 2024, 12:52:54 AM

I have also some doubts about Kaspa, but for another reason.

I maintain lists of non-premined coins in several subforums here and on Coingecko, because I'm simply interested in the topic (Basically, I think premines are a decentralization problem, and above all newer altcoins often have very large premines due to ICOs or them being PoS-only from the start, like Solana).

Kaspa is a coin which had no "official" premine, it was supposedly "fairly launched" via PoW from the start on. However, there are some characteristics that may be red flags:

First, mainnet start was only announced in a Discord group. A few weeks later, the Kaspa thread was started. People who posted on this threads were almost all new accounts, so it could have been the founders themselves posting under different sockpuppets.

Second, there is not much info about the first blocks and transactions. Kaspa has a pruning scheme which can be described in a simplified way that it deletes old blocks. But their block explorers are also intransparent, they have no block numbers but instead a "DAA Score", but you can't simply search for the lowest block it seems. At least, I would be thankful for a method to do that

Third, there seems to have been an event where the blockchain was restarted in some way, see here for example, and this document.

So you can imagine that while I've accepted Kaspa in my list, if I was to add a "trust" score to that list, they would be at the lower end (together with Dash, which was also instamined). And while I've a bit a difficult time to understand the "conspiration" in the OP it's interesting to see that I'm not the only one seeing something potentially fishy.

Verifying the Integrity of the Kaspa Chain

https://github.com/kaspagang/kaspad-py-explorer/blob/main/src/genesis_proof.ipynb

https://wiki.kaspa.org/en/home

https://kasparchive.com/