Topic: This is why KIN has HUGE potential!!! - page 2. (Read 2330 times)

Oh come on kin was nothing but money bringing structure to kik developers.
They sold something like %10 of all coins. Its just sh*tty model that noone in right mind are gonna buy.

Honestly speaking I hate Kik. It was there preinstalled in my old Windows phone where I did use it for a couple of times before I removed it.

My reason is simple: Kik is just full of the same old "faceache" and "instahater" addicted anorexic young pieces of scum who like to show off their nude pics and tattoos and being a hippie. All these things are ruining the lives of people these days and I do no support it in any manner. I believe crypto has a good future and that Obsidian may be better platform that Kin.

I know why this is being pumped and I would suggest newbies in the market not to invest in Kin or any such crypto being pumped by this group - there is a user on youtube who runs this group and they are pumping some cryptos there and they will dump soon and if you are unaware of this then you may lose and see that it has become a shitcoin.

Kin seems like a fucking joke. They ICO at 120-160 million. Then dilute customer share value after 3 months? Why not just drop all of the coins at once?
Seems like a scam as the investors put the money up at ico and then some wanker named Goldie comes on here with 6 posts hyping it up and probably works for Kin

Is there a possibility to subscribe to mailing list? or is there a web page?

All off-chain (and side-chain) must be insecure and must be entirely centralized. Afaics, there is no possible solution to fix off-chain and side-chains, because the problem is inherent in them not being on-chain. Craig Wright explained that well (which appears to be correct even though he has made some mistakes in other areas of his analysis). I have a comment linking to that and discussing that on Steemit.

I will soon endeavor to delve into more detail on that to make it crystal clear.

You may also want to review the discussion I had with the developer of Bitbay about Lightning Neworks.

Regarding side-chains:


There is a secret Gist that describes the new invention. This will be made public soon.

---

I urge you to read Vitalik’s astute analysis of the flaws of DPoS (and that it is entirely centralized and can be attacked by attacking the whales of it):

https://steemit.com/eos/@dan/reponse-to-vitalik-s-written-remarks

https://np.reddit.com/r/ethereum/comments/6qm0y2/is_the_ethereum_team_defending_their_ground/dkyk94c/

https://www.reddit.com/r/ethereum/comments/6qm0y2/is_the_ethereum_team_defending_their_ground/dkzoj5t/

DPoS is centralized, permissioned, and highly vulnerable to abuse by nations, lawsuits, etc.. That can not be a world changing decentralized ledger that we can depend on. Also the consensus algorithm is far too subjective and not objectively verifiable.

Steemit’s DPoS was offline for over an hour before I slept. And when I awoke it has still been down several hours later. A centralized ledger design is not robust enough to scale out to the world. It works for some small shit like Steemit sometimes. Is that centralized DPoS acceptable for a “world computer” in that it will go offline for hours?

You only need an email address to have a Kik account, no submitting your real name or phone number unlike other messaging apps.

I'm not sure how many girs on Kik are using Bitcoin or other crypto, but I know that outside of Kik bitcoin/crypto is becoming incresingly popular among cam girls and in the sex industry in general.

https://www.cryptocoinsnews.com/9-bitcoin-accepting-cam-girl-websites/
https://motherboard.vice.com/en_us/article/bmjegv/sex-workers-guide-to-bitcoin

Ethereum can scale to that much transactions. That's possible with Plasma, it just hasn't been implemented yet.
https://medium.com/chain-cloud-company-blog/plasma-in-10-minutes-c856da94e339

This is good eough reason to buy and hold some kin in my opinion. But there are no clearn information abot supply. Isn't it too much for price? Also some say anonymity. whay kind of anonymity it brings? We really need good information about these features.

What percentage of these cam girls are taking bitcoin or other crypto currencies already?

I like to look at KIK like this:  Just like OMG has the benefit of Omise,  KIN is starting out like any other ICO with a crypto vision - with the benefit of KIK.   You can argue how useful it its, but both founders have demonstrated experience in building and leading teams - a lot more than we can say for many other ICOs out there.  Additionally I love the focus on incentivizing developers KIN has. 

Tezos, Kyber, 0x, Augur, Status all have raised money to build something of value, but are completely starting from scratch when in comes to building an organization.

Things are slowly starting to fall into place and Kin wallets are being beta integrated into different users Kik accounts.

https://www.kik.com/kin/
https://twitter.com/melbaroudi/status/914981318538219521
https://imgur.com/a/uuhkE

I understand why you guys are concerned about supply. Initially I was concerned about that too, but the problem is that we are comparing Kin to other coins when this is actually a completely different approach.

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.

I am aware of the scalability issues with the Ethereum blockchain but it looks like this will be fixed over time based on what I've read. Hopefully!

Okay I found their May announcement, which has a link to their video presentation by the founder of Kik Interactive.

The killer feature of their Kik chat was users did not need a telephone number to signup, i.e. some anonymity. So that is probably why it became adopted for sex chats. Lol. Sweet mother-of-boobubbles. The Kik name is an excellent brandable choice for a chat app.

This project is a serious competitor to the project I am launching because they are attempting to accomplish the same thing in terms of an ecosystem for apps, and they have the advantage of having a large userbase to market to.

However, they have a significant disadvantage compared to my project in that they are basing this on an ERC-20 token, yet Ethereum can't scale to millions of transactions per second. They are going to be limited in terms of kinds of apps and kinds of monetization gamefication they can enable because they simply do not have my decentralized ledger technology.

Also being that it was issued as an ICO, the token may get encumbered as an illegally issued security in global jurisdictions.

I initially had the thought of trying to call them. But I would presume they are going to be quite uninterested in changing direction immediately. They already sold the ICO for the Kin token. So maybe it is better to let them dig a hole for themselves first, then come to their rescue later. Hmmm.

The name Kin is above average good for a creative token name  (one syllable, reasonably apt connotation, etc). I think our one syllable (4 letters) name (which is both our social media domain and the token name) is better. I think we really hit a homerun on the name (it’s not Hypermesh).

This is very interesting. Competition is definitely heating up.

5 cents a coin in 10 years would be great. But even then, by that time we'll have 10000x more coins with who knows what capabilities.

Exactly what I was thinking.

What is it 10,000,000,000,000 coins? Maybe I forgot a few more zeros

10 trillion coins? Lol. 0.05 cents per coin will be tough. Maybe 10 years of it really really takes off lol

The total supply is just too much i dont like coinscoins with many total supply

Kin is a great project the coin supply is completely horrible though. Kin will be lucky to see .1 in its time.

Kin is a great project the coin supply is completely ass though. Kin will be lucky to see .1 in its time.

Yep, I posted a thread about it before the ICO...and is the main reason I am not touching KIN.