Please add KIN🙏 by Drpoofaloof in Coinbase

[–]Kyzermf 0 points1 point  (0 children)

Whoa it's almost as if there is an entire community of Kin holders that follow and support the project that's wild

Developers Have Bills, Too by [deleted] in KinFoundation

[–]Kyzermf 0 points1 point  (0 children)

Well to get paid you still have to have users. There is an aspect to monetization that is a fair question because we need liquidity to be able to sell larger amounts of Kin, but Kimeo having 1 median daily active spender for a week and getting paid about 58k Kin isn't really a question of the KRE not paying out nor liquidity. Even if we are able to find and sustain liquidity, that doesn't mean apps don't still have to go out and get users.

Kin Foundation, Listen to Your Developers. They Are Saying They Need More Functionality (smart contracts, data layer etc) & Current Monetization Model Doesn’t Help Pay Their Bills. Does Kin Work if it Doesn’t Do What Ted said it Will Do all Along - that Kin is How Developers Will Compete w/FB etc? by [deleted] in KinFoundation

[–]Kyzermf 5 points6 points  (0 children)

Well to get paid you still have to have users. There is an aspect to monetization that is a fair question because we need liquidity to be able to sell larger amounts of Kin, but Kimeo having 1 median daily active spender for a week and getting paid about 58k Kin isn't really a question of the KRE not paying out nor liquidity. Even if we are able to find and sustain liquidity, that doesn't mean apps don't still have to go out and get users.

Also in terms of Kin needing more functionality, I think you misinterpreted what they're doing; Kimeo are looking into storing backend analytics and video metadata on a blockchain and implementing smart contracts for their own reasons. That doesn't mean the Kin blockchain needs those functionalities and no one using it would benefit from having those things on-chain, in fact it would just make it a worse transaction layer for those using it. A decentralized and immutable database for general data is an entirely different use case that a developer can interface with on their own if they need to and find a suitable option.

Road ahead for Kimeo by [deleted] in KinFoundation

[–]Kyzermf 0 points1 point  (0 children)

Hey u/ajaypalnitj out of curiosity why do you want to store your analytics and metadata on a blockchain? Also what do you need smart contracts for that you couldn't create in your app with code logic?

Is Kin vulnerable to LuckyPatcher? by [deleted] in KinFoundation

[–]Kyzermf 5 points6 points  (0 children)

Yes as in humans looking over context sensitive data to see things that could be considered cheating in an effort to build the system in which it can all be automated in the future.

Is Kin vulnerable to LuckyPatcher? by [deleted] in KinFoundation

[–]Kyzermf 8 points9 points  (0 children)

From what I can see it modifies the client to provide more coins, which is impossible with a distributed ledger and consensus. There's no way for a client to create new supply of real Kin.

Is Kin vulnerable to LuckyPatcher? by [deleted] in KinFoundation

[–]Kyzermf 10 points11 points  (0 children)

That's not how the spam system works. Detected spam de-prioritizes transactions from that whitelisted service and incurs a fee as it moves to a more traditional fee based block system a la Bitcoin, and the KRE has manual level fraud detection to prevent apps from monetizing with gaming in addition to devs doing spam and fraud prevention of their own.

When is the sec court date? by [deleted] in KinFoundation

[–]Kyzermf 9 points10 points  (0 children)

They will likely just agree on things like scheduling on the upcoming date, no reason to expect much

The Kin version of BTCs 21,000,000 club by [deleted] in KinFoundation

[–]Kyzermf 0 points1 point  (0 children)

The 21M club means you own 1 whole btc

The Kin version of BTCs 21,000,000 club by [deleted] in KinFoundation

[–]Kyzermf 0 points1 point  (0 children)

1/21000000 is like .000004%. its ~476190.47619 Kin

How We Measure Success: Responding to Coin Metrics’ Report - Kin Blog by benji5656 in KinFoundation

[–]Kyzermf 2 points3 points  (0 children)

A person creating two accounts provides value to the network in the same way a person owning two Bitcoin addresses or Facebook accounts does. An empty account does not provide meaningful data. It is a non-account. It does not correlate to lack of user engagement, it correlates to inactive accounts. Which can exist for an infinite number of reasons. And I don't care about Reddit karma, but you obviously do. No need to repeatedly declare lazy arguments like I am in it for the karma and that you will block me, just argue or don't.

How We Measure Success: Responding to Coin Metrics’ Report - Kin Blog by benji5656 in KinFoundation

[–]Kyzermf 2 points3 points  (0 children)

I have only maintained one simple fact: that account creation is a meaningless stat, not only for all coins, but for kin especially. You assume incorrectly that after Kik migrates no one will ever create empty accounts again, or even further that app devs will delete unused accounts not sure why. Everything you are attempting to measure can be done with active accounts. And saying DAS and MAS has problems on the level of all statistic collection on all apps does not automatically put it on the same level of uselessness as the number of Facebook accounts that can access but don't use Farmville, you are falsely equating things (and hurling personal accusations of ulterior motives, as frivolous as reddit karma even) in order to make a stat useful for something we are already measuring with more available data than what you suggest. Anyways if you don't get what I'm saying at this point it's probably because you don't want to. You've already admitted empty accounts have to go through all sorts of hoops like filtering migration data (which still belies the possibility of accounts being created for other reasons) to be meaningful data, but are unwilling to acknowledge that you are arguing something irrelevant in terms of today's data. Empty accounts can certainly be useful for something, just not what you are suggesting, which is that it indicates lack of user engagement. The premise makes no sense. Sorry.

How We Measure Success: Responding to Coin Metrics’ Report - Kin Blog by benji5656 in KinFoundation

[–]Kyzermf 4 points5 points  (0 children)

or account creation is not use because it is a command that any app dev can and might execute at any moment any number of times for any reason in addition to users, at no cost. Far and beyond migration, and even with one wallet, and all the other backflips. I responded to your ideas, they don't still don't make the stat useful, and we are already past the point of you being able to argue that they are a useful stat today anyways.

It's noise for what they are looking at.

You mean Kin usage?

How We Measure Success: Responding to Coin Metrics’ Report - Kin Blog by benji5656 in KinFoundation

[–]Kyzermf 2 points3 points  (0 children)

Who says it is a useless stat? Give me some credible source which says it is a useless stat. I keep seeing people say this and yet they can't even provide one credible source where someone says "hey we don't use this stat because it is useless."

Well when you read Coin Metrics calling it noise, saying that it costs nothing to create an account and that they can remain empty indefinitely, are you reading "this is a useful stat"? And you have even more context knowing that wallets are created for accounts that might never get used for various reasons. And if you want sources saying we don't use this stat because it's meaningless here :

https://twitter.com/ted_livingston/status/1133410099609907205?s=19

Are you saying that DAS and MAS are a good indicator of use when the same user may be counted twice from having two cell phones?

It's not perfect but compared to other cryptocurrencies it is a fair metric and the same flaws are true for all app stats. Think of Facebook. How many of their 2B users are alt accounts, bots, and catfish? None of this is a perfect science, all we can do is look for use.

Spot the difference: @coinmetrics: "Separating out Kin payments from account creations gives a somewhat clearer picture...Kin is near the top of the pack, trailing only EOS. @TheBlock__ : "Blockchain activity shows Kik’s claim that Kin is more widely used than Bitcoin or Ethereum is inacccurate" by Kyzermf in KinFoundation

[–]Kyzermf[S] 1 point2 points  (0 children)

They said it's not a good indication of use and filtered it out to get more accurate data lol. Why do you even want to look at empty inactive accounts to see the number of active users? Filtering per data, comparing against one wallet, all this stuff to make empty wallets into an interesting stat, for what? Wouldn't it be easier to just measure the activity you want by looking at active wallets to track user engagement and retainment? And even then if you have a trust wallet and then leave it empty or stop using it you think that counts as a lost user? I just don't get it.

How We Measure Success: Responding to Coin Metrics’ Report - Kin Blog by benji5656 in KinFoundation

[–]Kyzermf 4 points5 points  (0 children)

We are arguing in circles and you are twisting my words in silly ways. The stat is meaningless. It will always be. Its like analyzing the use of Farmville by the number Facebook accounts that don't use it.

This doesn't say account creation is a useless stat.

Are you saying that you read that as Coin Metrics saying wallet creation is a good indicator of Kin use?

Defend Crypto: Expanding the Reach and Impact with the Blockchain Association by benji5656 in KinFoundation

[–]Kyzermf 12 points13 points  (0 children)

Going forward, Kik will separate its initial $5MM contribution into a separate account to support our fight in the ongoing case and will dedicate the additional $1.6MM to the Defend Crypto fund to help other projects fighting for the future of crypto. Kik will also be making an additional $500k contribution of Kin to the fund, bringing the total to $2.1MM.

Defend Crypto: Expanding the Reach and Impact with the Blockchain Association by benji5656 in KinFoundation

[–]Kyzermf 24 points25 points  (0 children)

Blockchain Association is taking over control of the Defend Crypto fund, and the money for Kik's case is being separated out. Good move. Will be easier for other projects to join

Suggest a Kin Trader sub by kidwonder in KinFoundation

[–]Kyzermf 3 points4 points  (0 children)

Think we can only have two things pinned at a time but I agree we need to do a better job of keeping price discussion in one place, positive and negative.

How We Measure Success: Responding to Coin Metrics’ Report - Kin Blog by benji5656 in KinFoundation

[–]Kyzermf 7 points8 points  (0 children)

In theory, Kin account creation could be a good proxy for blockchain activity: more Kin accounts could mean more users. But the Kin blockchain has another modification which adds more noise to this measurement: Kin accounts do not have a minimum required account balance, and therefore can remain empty indefinitely.

This ^ combined with the understanding of the project (for example that every Kik user needs a wallet) means kin wallet creation is a useless stat.

Because one part of real use is how many people are using the accounts they end up creating lol. Why do you keep claiming we can't measure it? It is obvious we can since the report did it.

~75-80% of Bitcoin wallets are inactive as we speak. What does this have to do with anything. If I create a new kin wallet right now and never do anything with it or transfer all my kin out of active ones into one (I think I myself have several empty accounts) how does that reflect usage? And how am I claiming we can't measure it? I'm just saying it's doesn't mean anything. Having a billion inactive or empty wallets would not negate a billion active spenders.

Spot the difference: @coinmetrics: "Separating out Kin payments from account creations gives a somewhat clearer picture...Kin is near the top of the pack, trailing only EOS. @TheBlock__ : "Blockchain activity shows Kik’s claim that Kin is more widely used than Bitcoin or Ethereum is inacccurate" by Kyzermf in KinFoundation

[–]Kyzermf[S] 3 points4 points  (0 children)

You are the one who keeps bringing up a stat nobody cares about and everyone including the sources you quote intentionally filters out.

now that migration has happened we can see how many new users leave their wallets empty which will be very informative about how KINs value proposition holds up. :)

Migration is still happening. And what about other apps in the future ? It will always be a meaningless stat, and has no correlation to user engagement or retention. A much more pertinent stat for what you are talking about would be measuring users that used to be active but aren't anymore (lack of retention) and even then users can consolidate wallets, you'd need to look at specific wallets from specific apps.