[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Vijay Kailash, CFA, CFP® [@realvijayk](/creator/twitter/realvijayk) on x 4569 followers Created: 2025-07-21 17:36:29 UTC Of course there are risks for being "early." No one knew Bitcoin would be worth $2T back in 2012. $KAS smart contracts are launching on August 31st. This will fuel network activity and will compete directly with $ETH. But $KAS uses proof work instead of proof of stake. As a Bitcoiner, I would personally love to see another POW ecosystem in the top X. As for Bitcoin, it faces the same risks - if nearly all activity happens on layer 2, layer X will be reserved only for those with massive wealth. The every day person will be priced out. Layer X will continue becoming centralized and it goes against the original P2P electronic cash system vision of Satoshi. Layer 2s are filled with middlemen and are not truly P2P. Maybe not a problem yet - but if we're pushing for the world to adopt sound money, it's important to take a glimpse into the future and consider what-ifs so we can position ourselves accordingly. I'm XX% in $BTC and XX% in $KAS. I'm still studying $KAS. I just don't think it's something we can ignore in the sound money community. XXX engagements  **Related Topics** [kas](/topic/kas) [pow](/topic/pow) [$eth](/topic/$eth) [$kas](/topic/$kas) [$2t](/topic/$2t) [vijay](/topic/vijay) [bitcoin](/topic/bitcoin) [coins layer 1](/topic/coins-layer-1) [Post Link](https://x.com/realvijayk/status/1947349976604152280)
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Vijay Kailash, CFA, CFP® @realvijayk on x 4569 followers
Created: 2025-07-21 17:36:29 UTC
Of course there are risks for being "early." No one knew Bitcoin would be worth $2T back in 2012.
$KAS smart contracts are launching on August 31st. This will fuel network activity and will compete directly with $ETH. But $KAS uses proof work instead of proof of stake. As a Bitcoiner, I would personally love to see another POW ecosystem in the top X.
As for Bitcoin, it faces the same risks - if nearly all activity happens on layer 2, layer X will be reserved only for those with massive wealth. The every day person will be priced out.
Layer X will continue becoming centralized and it goes against the original P2P electronic cash system vision of Satoshi. Layer 2s are filled with middlemen and are not truly P2P.
Maybe not a problem yet - but if we're pushing for the world to adopt sound money, it's important to take a glimpse into the future and consider what-ifs so we can position ourselves accordingly.
I'm XX% in $BTC and XX% in $KAS. I'm still studying $KAS. I just don't think it's something we can ignore in the sound money community.
XXX engagements
Related Topics kas pow $eth $kas $2t vijay bitcoin coins layer 1