Topic: This is why KIN has HUGE potential!!! (Read 2321 times)

Question about etherdelta prices:

First of all. Does anyone still use etherdelta? It's the first place i used and haven't shopped around.

I notice the eth-kin prices are going substantially up on the exchanges but both eth and kin are trading downwards looking at them individually.

How this this happen? Is it because eth is doing down faster or something?

The World Changing Idea Behind Bitcoin Isn’t What You Think

Many people believe that Bitcoin has limited utility and that its high price is based solely on speculation. Others say that the only exciting thing about Bitcoin is how the blockchain will help us track items through the global supply chain or tokenize pieces of art or facilitate financial audits. While these arguments are interesting, they miss the point of what makes Bitcoin so transformative.

Only a small part of the power of Bitcoin is its decentralized application (or DApp) to move value around. The real power of Bitcoin is the decentralized incentive platform (or DIP) that makes it all work. This DIP empowers millions of strangers from around the world to win together by working together.

Bitcoin achieves this by combining three unique properties.

The first is the ability to create a digital asset of guaranteed scarcity. Before Bitcoin, you could have a physical asset with guaranteed scarcity, like gold, but it was a pain to move around. Or you could have a digital asset that was easy to move around, like a currency for a game, but whoever owned that asset could create more of it whenever they wanted. For the first time ever Bitcoin let you have both: it’s easy to move around and it guarantees that there will never be more than 21 million bitcoins.

The second unique property is its ability to algorithmically reward people. The platform relies on people contributing their computing power to run the system that lets everyone else move their bitcoins around. To achieve that, the software guarantees that anyone who contributes computing power in a specific way will be given their own bitcoin.

The third unique property is that the only way to use Bitcoin is to pay with Bitcoin.

When you put these three things together — a cryptocurrency, an incentive, and a use case — you get something incredibly powerful: a decentralized incentive platform. Today, people from all over the world contribute to Bitcoin, and their combined computing power is now a hundred thousand times more powerful than the world’s top five hundred supercomputers combined. To achieve this, the platform has dispensed 17 million bitcoins to contributors. The demand is now so high that the collective value of those bitcoins exceeds $100 billion.

This is the power of a DIP: you can get millions of people working together to solve a problem by offering guaranteed compensation for permissionless contribution. You don’t need permission to contribute, you don’t need to trust that someone will compensate you for that contribution, and you don’t need to hope that the value of that compensation won’t get diluted. All those things are guaranteed. All you need to do is contribute.

But Bitcoin is only the first decentralized incentive platform. There are many other problems we can work together to solve in a similar way, with the benefits being shared fairly among all participants. This is what gets us excited about Kin — using a decentralized incentive platform to create a digital sharing economy of equal opportunity. If this sounds interesting to you we hope you’ll join the discussion.

https://medium.com/kinfoundation/the-world-changing-idea-behind-bitcoin-isnt-what-you-think-fc80b3259da5

KIK is a big company for anonymous chatting, but do you know how they will use the Blockchain technology in their app or platform?

I concur, please do a major coin burn Kin...

Lower the coin supply or no one will touch that coin.

Kin is a pretty good project and way undervalued for quite some time. I think a correction is coming but in the long run the price will go a few times up, it's still only $1 Billion market cap.

Agree on the topic of need for a token that offers private transfers without being too technical.

MEW and other tokens are too technical still for the avg population and also the concept of Gas prices and waiting for 1 hour for transactions to happen, is all too much for a avg basic user.

What they need is something they understand, e.g. KIN is approx. $1 = 1000 KIN, range, making it easy to think in a small Currency like store reward points, say at a StarBucks or JCP, etc.

The huge supply is only a number, as mature investors know it's abt total market cap, and doesn't matter if there's 21 million tokens or 21 Billion. As long as the supply is fixed, the mkt cap is what matters, per token price smaller the better for avg new user.

See my comment on this potential competitor:

I was expecting 4x or 5x from Kin project but this is horrible and kin team nearly have no communication with community. It was really a heartbreaking ICO from now on i am out of all ICO projects.

Interesting discussion and even though widespread adoption might be lurking around the corner, weighing KIN with other investments I'd say its not the most fortunate choice to make.

Also that 100M+ in ICO is ridiculous imo. Supply isn't the biggest issue aslong as adoption is there. Marketcap is what you should look at. And in terms of marketcap KIN can grow allot still. Though from my own pov I would have cut the supply by allot so that KIK users can validate 1 KIN to about 1 dollar, which would make it allot easier. But I'm not KIN nor their Marketing strategist so they can figure that out for themsevles.

That KIK points program looks rather credible for the coin. I still think its not the most favorable investment though, anything in crypto is largely experimental.

Well, I guess this is self-evident, for people in such cases want it to be as hard as possible to identify them. Cryptocurrencies offer this unique opportunity of payments with no ID. Yet what is not clear is whether some specific new coin is needed instead of accepting, for example, Dash.
Kik token distribution has ended and there's quite a lot of news on the coin. The price is mostly going down and trading volume is shy $56K.

total how many?

Some interesting reading I don't really understand to every detail. But if I get it right the point is Segwit (or other off-chain transactions) aren't a security problem by themselves. They just give more incentive for miners to do 51% attack, because they could gain much more doing it.. It's a good point, but it doesn't mean ethereum can't. It can but hipotetically it will be less safe. I'm not sure why you even mention DPoS here, because it has nothing to with Ethereum or Kik scalability. But I agree DPoS has some flaws in fact every consensus has them. This is getting way offtopic now but it would be interesting if you wanted to discuss it in more appropriate thread.

All I am saying is that this is already happening on Kik and therefore this market will help to drive adoption of Kin. Also, based on my research, most cam girls are not trafficked, it is a minority. The human trafficking problem exists more in the real life prostitution market. Being a cam girl is a much cleaner way for beautiful women to earn an income during tough times. If girls choose to do it with their own free will and enjoy it as a way of earning a sustainable income, then all the power to them. Yes, human trafficking is bad, but if one chooses this type of work then it should not be demonized.

What a disgusting person you are!! Do you know many of those girls don't do that by their own choice?! Else most of the time they are cases like trafficking in persons. You're supporting that kind of thing, I hope your eyes melt by be watching these crap.
I hope you dont have sisters. 

I think that they could of did there ICO better but keep in mind that the Chinese ICO ban happened just before and they also had to block people from Canada, New York, and Washington from participating. Also, it is only currently on a few small exchanges, many people waiting for it to go on exchanges they are familiar with.

This is an overpriced ICO, they raised 125M usd, lol, which is too huge, the price is under ICO, no doubt.

In case you haven't seen this, I am pasting it here in response to your post:

Look at it like this...

The majority of the remaining tokens are going to be rewarded to users and content developers in various ways. Kik currently has 15 million active users plus millions more accounts that are less active.

In the first year inflation is 30% and then keeps decreasing. 1/3 of that already went to the ICO and the remainder will go to KIK users and developers which will be $2 trillion kin. Lets say for example they decided to divide that 2 trillion evenly amongst all the active users, each user would get 133,333 which is equivalent to $16...You are going to have millions of teenagers and cam girl enthusiasts now with this currency in which most of them will likely use on the app and now Kin has become a part of their life and a part of their Kik experience going forward..  Eventually a good chunk of those people are going to want to buy Kin.  Kik did an experiment where they rewarded users with points to get stickers/emojis..It was really popular and some of its users were even willing to buy the points. Check this out: https://www.ipetitions.com/petition/buying-kik-points

KIN is combining 2 different worlds of people when it comes to its early adoption. The Kik world with 15 million active and the cryptocurrency world and its enthusiasts like us. The millions of active Kik users that will be using it is much larger number then amount of people who currently own it now.

Only 10,000 cryptocurrency enthusiasts bought it in the ICO versus 15 million active users on Kik... That is a 1500x difference in the amount of people!

The amount of Kin that was purchased in the ICO versus what will be distributed in KIK in the first year is only 3x!...overall in total there will be 7x Kin will be rewarded compared to what was purchased in the ICO. If you read the whitepaper, it says that $3 trillion will be saved for kin foundation operations and will not be used for rewards so therefore $7 trillion total being released through the ICO and through Kin rewards program.  Also the Kin rewards program may start to be used outside of Kik as well, eventually.

Also, Filmmmaker's reply/comment he said it will be lucky to see 0.10 in its time...  You are right, it will unlikely reach that, and if it did it likely wouldnt go beyond that. But you need to keep in mind that they did this on purpose so that they dont run into same problem that Bitcoin and Ether have when trading small amounts and gets divided into decimal numbers. For example, trading 40,000 KIN in instead of 0.032467 Ether...It's better like that.

The ICO price was 0.00012....If it goes up to 0.01, that is 83x! ...I think this is realistic and can happen within the next 3 years.

So when you consider all of things I mentioned, I don't think we should be concerned of the supply. This is a whole different beast, its not the same as other cryptocurrencies. It has great potential to have significant impact on cryptocurrency adoption.

That would suck. But I think it will do well within that niche. It's going to be integrated in a way where people are going to want it. Kik had a program called 'Kik points' (Dec 2014 until March 2017) in which users received points for doing different actions and through games, and then those points were used to redeem sticker packs and such. It was very popular and had more transactions then bitcoin. Kik users liked Kik Points so much that they were wanting to actually buy them. So, Kin will be distributed/mined partially similar to how Kik points was distributed but now it is an actual cryptocurrency. They are replacing the kik points with kin.  Another thing is that the demographic wasn't even the camgirl demographic...Based on all of this I believe that there will be a lot of people on Kik interested in Kin and then combine that with the cryptocurrency community, it has huge potential.

Check this out:
https://www.ipetitions.com/petition/buying-kik-points

What if there isn't that many people interested in the project that you think will be? That niche is very hard to make money on if the person doesn't know the ins and outs of it.