Cryptocurrency investor Aim Gambler has issued a stark warning to holders of Kaspa (KAS) – explaining why they should be “terrified” about the token’s prospects.
In a series of tweets, Aim Gambler pointed out similarities between KAS and other cryptos like XRP, Safemoon, and SOL which he believes could lead to investors getting “REKT” (financially wiped out).
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Overzealous Community
One issue Aim Gambler highlighted is the over-enthusiastic Kaspa community focused solely on token price gains. He compared this to XRP investors who never diversified and got burned when the SEC targeted Ripple.
Aim Gambler believes many KAS holders have unrealistic expectations of life-changing returns. He bluntly stated that most “will never become billionaires” and even if they do get rich quick, they’ll likely lose it fast due to their mindset.
Questionable Tech Advantages
The investor also critiqued some of Kaspa’s purported technological edges like using DAGs (Directed Acyclic Graphs).
While acknowledging DAGs allow greater scalability than blockchains, Aim Gambler suggested this difference is more about marketing than meaningful utility at this stage.
He also pointed out DAG cryptocurrencies are not new, with IOTA launching back in 2016. The core innovation of blockchain is decentralization, not speed.
Energy Use a Feature, Not Bug
Finally, Aim Gambler pushed back on arguments that DAGs are superior to Bitcoin because they consume less energy.
He contends energy usage is actually a “feature” of hard money like Bitcoin. The cost of mining secures the network and provides underlying value.
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In summary, while Aim Gambler says he is bullish on Kaspa’s technology, he believes unrealistic community expectations, unproven tech advantages, and ignorance of crypto fundamentals mean KAS holders face substantial risk.
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