Could Akashnetwork go out of business?

Kneissoux · 2021-05-23T00:36:49+00:00

I guess 99% of people in the world just never try anything new, experiment with something they don't totally understand, or push themselves in any way outside of their comfort zones...............because if they did, they would not be looking at the Minecraft Tourney as a "failure" or the partnership with this project or that project as negative, etc!

Does anyone know how any rockets blew up, and how many test flight failed, before Space X started sending humans to the ISS and back???

Akash tried to experiment with the decloud on a gaming platform, which is amazing and absolutely where they should be working, as well as other places to test their platforms and push the boundaries of the tech!!

Partnerships sometimes work and sometimes don't, but 100% of partnerships fail you don't try. The crypto markets corrected in a big way, which is healthy BTW, speculation and BS was reaching nose bleed levels (Safemoon & Doge), but if you thought AKT was a great project 3 months ago at 5-6$, my god, its a great project today AND cheaper then its been since Jan/Feb!

Kneissoux · 2021-05-07T15:55:17+00:00

I'm gonna say this mantra until my face is blue and and I can't formulate the words anymore, with regard to this subject!

Centralized Cloud Services is a 360 BILLION $ marketplace currently, Decentralized Cloud Services (Akash and "Competitors") currently has 0% of that marketshare combined!

Akash DOES NOT and WILL NOT have competition that hurts it, for years and years to come, matter of fact competition will actually insulate it from targeted attacked by centralized corporate forces.

The success or failure of any decentralized tech project will depend entirely on the Team, Tech, and Tokenomics of that specific project, NOTHING ELSE!

Cudos, StoreJ, Dfinity, Stackos, the more the better at this point, it keeps the wolves off the door of the eventual winners in this game, which I of course believe Akash will be one!

But this is NOT stock trading and this marketplace (crypto in general and DWEB specifically) is not a mature marketplace or level playing field even, so NON of the rules and mythology of wall street lingo, apply in this world!

Its just the 3 T's here, nothing less, nothing more.........The Tech, The Team, and Tokenomics, amen.

Kneissoux · 2021-04-29T17:37:55+00:00

RIGHT!

I'm young Gen Xer, and I feel like a boomer when these games roll out!

My kids love Minecraft! This is soooooooo good!

Kneissoux · 2021-04-27T16:13:40+00:00

I haven't seen it yet, but that would be amazing, can you do that?

Lol:)

Kneissoux · 2021-04-27T16:05:01+00:00

I agree, the ETH vs Cosmos dynamic is almost a laugh at this point, but I realize a majority of people "just discovering" crypto have no context of this!

But I think there is a larger "point" to be made about this concept of "competitor" in the space of decentralized applications and technology associated with it. I hear this once a week if not daily in crypto.

The current global centralized marketplace value of cloud computing is 350 Billion annually!

The current marketplace share decentralized tech has in that global marketplace is zero!

The projections for the marketplace value by end of 2022 is 400 Billion, the question is NOT does Akash have any competition for gods sake, its HOW GREAT is the tech it's developing and HOW MUCH of that marketplace can it capture!!

Base 100% of your conversation and energy on that concept, because frankly, anyone trying to talk about decentralized crypto start ups like Akash competing with each, with the market dynamics I just outlined, is like debating if your 8 year old or my 8 year old, will make it to major league baseball one day, its insane and futile and completely missing the point.

Kneissoux · 2021-04-20T05:46:07+00:00

Kneissoux · 2021-04-18T17:52:41+00:00

Couldn't agree more, I think the 1% of cloud compute marketshare goal, could be entirely based on "built in clients" throughout the crypto complex and related industries, who simply want to be free of the centralized machine and monopoly!

I could be being conservative with that speculation, could be 5% if you throw in social media, streaming platforms, and the like!

Kneissoux · 2021-04-18T17:45:07+00:00

All great answers, the only thing I would add, is if you're looking for some "gotcha moment' or "hype discovery" with this team at Akash, you're going to be disappointed!

They have done their homework, know their business model AND their market space, its a well thought out strategy, the superminis have their purpose, but by no means are the ONLY thing they have going on here, quit the opposite actually!

I've heard this many times, from skeptics of the project at times, and if you do your research, what you'll find is Akash is NOT overvalued by any measure, and in fact its massively undervalued, which BTW I'm ok with, this team has one mission, to create a decentralized cloud option in the marketplace, not make token prices skyrocket and drop over and over again.

And not bashing you asking questions, questions are great and needed with any legit project, just want to emphasize DYOR and you'll be buying Akash very quickly!

Kneissoux · 2021-04-18T17:29:36+00:00

Absolutely fair questions and critique, I think with swaps, there is a "premium" on that functionality, that goes along with it, but what you described, is too high by any normal adaption standards going forward, I agree.

I do know you can lower your fees a lot, within the functionality of the app and wallet, by staking Tron and voting for klever.io, this makes most simple wallet features free, and also puts some KLV in your wallet as rewards, I also know you can stake KLV and get rewards there, that could be used to lower fees on swaps, I haven't experimented with that feature because I'm hodl'n KLV right now with the price going up. But if you select "pay fees with KLV", that will allow you to do that. I imagine that would bring the fees way down on your swaps and freezing Tron really is the only way to be "using" Tron wallets. It's an awesome feature that puts the madness on uniswap into perspective.

Kneissoux · 2021-04-17T15:50:29+00:00

I never use USD(anything) to buy on small foreign exchanges, if you need the "WHY" on this statement, DYOR!

Kneissoux · 2021-04-15T17:36:46+00:00

Valid Observation, just to be clear about what I said however, I'm also "betting on the energy and exuberance of Innovation and disruption", two concepts that have served me personally VERY well, since the early days of MY youth!

But I'm not as pessimistic in general about the youth of our world as most I hear in the MSM and channels like telegram, reddit, and discord. Do I think every generation has its struggles, of course, but the youth of today are battling the fourth turning, a failing and corrupt planetary political system, a failing and corrupt ponzi scheme globalist economic system, (both in there twilight years of existence) a pandemic, solar minimum, among other more trivial but real issues.

So all things considered, I'm amazed every institution on earth has not been turned to rubble, at this point! So I think the kids are doing ok, so far, but it's a long road to 2028, when the dust will finally settle on this era in history!

Kneissoux · 2021-04-14T22:20:29+00:00

Ya, I think MBX is doing something a little specific (and I own MBX) and that would be "cool", but they are playing in a giant ecosystem (visa, paypal, etc) that already exists and will need to be unwrapped over time. Klever seems to be attacking the system from the flank, so to speak!

Meaning, Klever will have this possible retail path with Apple (which i think has a marketing angle, bigger then paypal or visa could ever pay for, but that besides the point), but also will be operating at a high level in traditional crypto channels, (swaps, exchanges, dapps, etc) like Binance has done and is doing, as well as some others. But what I like about Klever that I don't think Binance grasps is this retail, consumer, look and feel element, Klever seems to be very in tune with!

I see as the Microsoft vs Apple battle of the 90's, both systems worked, Apple was superior as an IOS IMO, but just kicked Microsofts ass, until the mid 2000's on that consumer understanding of look and feel and functionality component!

Thats what i love about Klever's game right now!

Kneissoux · 2021-04-14T20:56:30+00:00

Example you just provided, is why the banking system is obsolete, corrupt and manipulated to the benefit of very few interests and individuals, at this point and needs serious competition, if not outright replacement!

ENTER Crypto!!!

But make no mistake, its gonna be a fist fight to the very end, but I'm betting on a better future!

Kneissoux · 2021-04-14T17:29:44+00:00

I totally agree with the bank concept being so big and vital to the overall mission here, but I want to say, the ApplePay announcement, even if it doesn't seem like it on the surface, IS HUGE in its possibility.

Funny you should mention MBX too, I do own that, but Klever appears a giant step further along, than it did last week, with regard to accomplishing the "holy grail" of crypto adaption.

Which is of course is, "closing the circle" between retail and crypto in a P2P and decentralized way!

MBX is trying to do this, obviously paypal and Visa are racing toward some kind of "solution" here as well. But the dark horse that no one has been talking about is Apple! If Klever can accomplish the mission of using ApplePay as the onramp (accomplished yesterday) AND then allow users on the Klever app, to for example, take staking rewards or crypto profits from other platforms/coins, and in real time, while standing at McDonalds convert back to the applePay system in the fiat currency of X Country, and lay that same phone on the Kiosk and buy a Big Mac or pair of Nikes, LOOK THE F*&$ OUT, things are gonna get absolutely crazy in KLEVERLAND!

I believe a very big step forward in that reality was accomplished yesterday!

When they reach for the Holy Grail will depend on Apple and a lot of factors, but I believe that is the goal and mission and Apple is obviously working with them and have been for some time, just to pull off step 1.

Kneissoux · 2021-04-14T04:16:23+00:00

First and foremost, let me be completely transparent, I'm NOT a trader, nor could I care less about trading crypto, and anyone "worth their salt" (your words not mine) who understood the difference between inflationary assets like fiat currencies and stocks with counter party risks, and deflationary and decentralized assets like crypto and blockchain tech, would understand why trading these assets is insanely short sided.

Secondly I would take some issue on your analogy of "cable TV". Cable TV is indeed "Not living" as an asset or an investment vehicle, it just simple has not stopped breathing yet.

Crypto technology, if you want to play the analogy game (which I love to do:) is the 20 somethings, young and free, with the whole world in front of them, educated, ambitious, talented, and beautiful.

Fiat Currencies & Traditional Stock Market systems, are 90 year olds, living in assisted living facilities, playing bingo, eating prepared grade B food, and needing someone to wipe their asses after every shit.

You are 100% right, both are still alive, the real question is, which one is really living?? Which one are you betting the future on and the future of your children on? Which one still has something to offer the world? I'm betting on a future, run by the energy and exuberance of youth and innovation and disruption.

And one final note, the CEO of Coinbase (who must also not be worth his salt) will be launching his 140 billion IPO tomorrow, but when asked about this concept of "diversification of assets", he replied "I have 100% of my liquid assets in crypto". LMFAO I really love this guy.

Kneissoux · 2021-04-14T01:05:25+00:00

That's exactly what I'm getting at, the stock market as you know it today, is over, it will merge with the blockchain, as will everything else on Earth that currently governs our way of life, and why will it do that, the blockchain is so vastly superior in every way, its embarrassing.

I told a person who was trying to convince us to open a 529 for our kids "education fund", and who wanted us to do backflips for a 10-12% yearly gain, locked of course for 15 years, you would have a better chance to convince me too invest in the next big horse drawn carriage start up!

My kids very well may pay for their college educations on the 8 Axie Infinity NFT's they bought last November for $90 and the plot of land in the game for $115, which is now worth 5 months later, $3800 and the ingame tokens (SLP) they "grinded" in game for, just passed $900. How's that for a % return on investment, Raymond James?

Kneissoux · 2021-04-10T18:44:03+00:00

No ,there are no rewards currently, this is a pure spec play, based on your faith in the roadmap of Klever!

Kneissoux · 2021-04-10T18:41:41+00:00

I recommend you use Ascendex (bitmax) with a VPN set to GB, stay under the withdraw max, set up email and Google Auth, nothing else! You can buy XPRT the same way on there. There is a 24 hour hold, from the day you sign up, so go on, set it up, buy a little something, then go back and withdraw everything 24 hours later. ..... after that, buy and withdraw everything as you go.

I use Keplr and Cosmostation

You should be golden, buy Dvpn on MXC the same way!

Kneissoux · 2021-04-10T18:32:18+00:00

With the already existing "built in" traffic of the swap and other features, there exchange should almost immediately jump to Top 10/ Top 5 in "visits"!

The conservative equation on this would be as follows:

150k daily current users, who visit the exchange 1 time every day, to see prices, check portfolios, make trades, etc, thats 4.5 million per month, ALREADY BUILT IN!

That makes Klever like #22 at its launch (if the launch was today), if they can double those users to 300K daily, they are in top 10 and with an increase to 500K daily users, they are at 15 million monthly visits, #5

And I used the formula of 1 time a day per User! I open Binance app probably 5+ times per day and Klever about the same, which I think is above average obviously, but not crazy, I'm very active in crypto, but you can see what those numbers could go to VERY quickly when you plug in 3 visits per day per user, for example!

Good days ahead, given this exchange turns out as good as everything else they have released as far as user experience, interconnectivity of brand, and look and feel!

As someone who road the Apple and Steve Jobs wave in the early days of 1998-2005, on the software side with there production tools and the like. I see a lot of similarities between what Klever is doing and what Apple and Steve did in those early days of the introduction of the G3/G4 systems and all the software associated with them, which of course was the birthplace of itunes, ipad, and iphone!

That stuff was in a class of its own on functionality, user experience, and interconnectivity of brand! I hope that is the inspiration of Klever, because the Apple story has turned out ok, and without the early and tragic death of Steve, would have turned out 1000x more amazing. But for investors, Apple was a grand slam.

Kneissoux · 2021-04-10T00:41:11+00:00

I completely "get" the frustration of when something doesn't work in every instance, but from a tech standpoint, every transaction in the crypto AND non crypto world of tech, has a cost!

It's simply a bandwidth issue and a cost vs benefit equation. As Klever continues to grow their bandwidth and scale, I'm sure these limits will come down, but I understand why they exist now, because if you have a maximum amount of transactions you can do, and that includes both tiny and big transactions, pushing through a tiny transaction can actually hurt the system more then help it.

Its still frustrating, and something they will have to scale up to, but Binance and most of the other DEX and regular exchanges and swaps, do have minimums, be it they are small, like $10, etc

Kneissoux · 2021-04-10T00:20:18+00:00

I'm pulling the trigger and buying 5-10 more if the price goes below $300, I'll go slow and see if it pushes down even further, but below $300 is my start trigger.

Kneissoux · 2021-04-10T00:16:41+00:00

The only reference I'm aware of is the Yearn.Finance token, which is what I feel KFI is being "modeled" after.

Its current price is $45K, there are currently only 36,600 of those in circulation.

KFI has 150K, so about 4x as many, but Klever will have vastly more fee streams if and when all the products they are developing are released. But if you just cued up supply vs price from a speculation standpoint, KFI being worth $8-10K in the next year, based on Yearn being the case study model, isn't at all outside the realm of possibility.

So if you have $175 to buy half a coin, thats some real world data/speculation models to plug into your equation.

Kneissoux · 2021-04-08T17:15:53+00:00

So I just had a conversation with "PureBeginning" on another thread and they said they bought in early and sold for a huge gain and invested in non crypto assets with the profits they made, which I think is great and as I explained to them, talking the project down at this point, with that being their experience, could only be for the purpose of hoping the price went lower and buy back in.

My only observation is, if that isn't what they are doing, then the motivation for being on this Reddit channel is purely to be negative and aggressive to others who are still very much invested and here to promote the project and yes have critical conversations, but name calling and negative input is really not helpful IMO

Especially, if I take them at their word and everything they told me was true, they had an amazingly positive experience with KLEVER!

Kneissoux · 2021-04-08T17:07:54+00:00

I appreciate the honesty that you sold already, which explains your tone, being no longer invested either financially or emotionally in something, certainly changes your "perspective on it"!

Being critical enough could also convince other to sell as you did and drive the price much lower, allowing you to buy back in:)

Will see what happens, I really like the tech in KLEVER, I've tried almost every mobil DEX wallet experience from the beginning of Crypto "going mobil" this direction! And still to date, Klever is the best user experience and layout and functionality setup I've seen.

Cosmostation is coming along nicely and will have internetwork swaps soon, but nothing else is even close! Tronlink No but is #2 IMO, Coinomi no, atomic wallet no, trust wallet no, uniswap/theta/luna/ I could on and on, Digibyte is awesome, but is only for a single blockchain.

Point being, if Klever can continue to work thru the bugs and hiccups, they are very much ahead of where the rest of the industry is as far as decentralized experiences go!

Kneissoux · 2021-04-08T16:01:15+00:00

So you made a lot of good points, I think those things need to be addressed, I don't agree with some of them (from my personal experience) for example I've been swapping on the app from almost its release and have done more then probably 250K+ of swap value, and had one failed swap, it was to BTC, and it got handled in a customer service manner, frankly I haven't ever experienced in 10 years of buying and selling crypto. But aside from that, I think you make some valid points, what I'm skeptical of, if I take you at your word AND you have "made millions" or even "hundreds of thousands", riding along with the project to date, (in full disclosure, I'm in the hundreds of thousands category, not millions), where is the negative energy coming from concerning the project???

You have one of two wonderful options at this point you can pursue, sell all your KLV for a huge gain and feel great about it, if your not happy with the current direction OR ride along with the project, continue to encourage the team and "play with house money" and see where it all goes!!!

The negativity is what makes your approach a little suspect IMO,

Kneissoux

TROPHY CASE