A few days ago, I had a meeting with Chris Ludwig #KAS @christi61026749(, which was very valuable. He suggested that I share the meeting content with the community, as well as my complete views on the development path and marketing of Kaspa.

For a cryptocurrency to rise from the top 5000 to the top 50, it needs to attract retail and regular crypto users as high-yield investment targets. However, the climb from the top 50 to the top 5 is different; it requires attracting the top 1% of high-net-worth individuals and crypto institutions, becoming a valuable store of value )SoV( that can hedge against their fiat (especially USD) assets. This is not just a competition between KAS<>USD. These investors are typically accustomed to storing wealth in Bitcoin, as Bitcoin has market dominance and a stable trajectory. To provide a viable SoV alternative, an alternative asset must (be believed to) outperform Bitcoin throughout the entire market cycle.
To understand the difficulty of the challenge, I will share a question that @namdar, co-founder of Galaxy Capital Partners, posed to me a few months ago: "If your wealth is stored in USD and someone is pointing a gun at your head, forcing you to put it all into one cryptocurrency asset, would you choose BTC or KAS?"
While you might be happy to hear that I will fully stake KAS, this issue does help us view the world from the perspective of crypto institutions and understand the daunting challenges we face. Like any mountaineer, it is usually advised not to keep your eyes fixed on the summit, but I feel that after entering the top 50, it is indeed worth soberly examining the high mountain before us. This is the context of the "painful restructuring" that Kaspa is currently undergoing, which is publicly visible (rather than absolute prices or market value). I acknowledge this point and take responsibility for serving this meal to the community in a less than ideal manner (to put it mildly), but I also believe that there is no painless path to maturity.
Kaspa must be "Bitcoinized"; this is a peak worth fighting to the death for.