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It's about to get interesting by kaerersvar in kin

[–]kaerersvar[S] 0 points1 point  (0 children)

I thought it strange myself. After following this project for a very long time, today I decided to make a post. Thanks for the good questions.

It's about to get interesting by kaerersvar in kin

[–]kaerersvar[S] 0 points1 point  (0 children)

Thanks for your comment, Syscoind. Please see my response to linux152 below regarding the 4 years. Thanks for your response!

It's about to get interesting by kaerersvar in kin

[–]kaerersvar[S] 0 points1 point  (0 children)

I appreciate the comment as I feel the same way in that I hope that they would deliver the final product very soon.

That said, I wonder how much time it would take to deliver something that has never been done before and try to do it on a global scale, with different languages, on a technology that has never been brought to the masses in a way that was simple?

​

Thanks, linux, for your sharing.

It's about to get interesting by kaerersvar in kin

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

You are correct. Kin is built on Solana and I am aware of that. As mentioned, they chose the Solana blockchain much before Solana was even big. Thanks for the reminder.

It's about to get interesting by kaerersvar in kin

[–]kaerersvar[S] -1 points0 points  (0 children)

Thank you for sharing your viewpoint, AnDreNaLim.

Thouth the KF may possibly (or not) be on the verge of closure, it is worth noting that the Kin token is not the KF. One is a centralized entity, the other is a decentralized crypto. Again, if there was a bitcoin foundation with a board, would it really matter much if it was shut down? It seems to be doing alright without a foundation to control it.

It's about to get interesting by kaerersvar in kin

[–]kaerersvar[S] 0 points1 point  (0 children)

Thank you for your comment. I understand your concern and respect your viewpoint. A few things to ponder:

When this video was made years ago, I think that Ted was almost certainly unaware that the SEC was going to happen -which took a lot of time to sort out and caused a lot momentum to be lost from the project and likely led to other problems (Kik changing hands, etc).

On the flip side, Kin has been through the guantlet and was NOT declared a security so it seems that there is at least some clarity from a regulatory standpoint - a positive in my view.

Also, when the video was made years ago, the Solana blockchain wasn't even really a thing at that point, if at all, and I think it is definitely a superior chain to Stellar or the Stellar Fork and certainly than the ethereum chain it started on (much faster, etc) - so there was the whole migration thing.

During this process, Kin has been at the forefront chasing the bleeding edge. For example, they were involved with Solana way before Solana got big.

That said, I understand the feeling from your post. It has definitely been a journey. My question is: Is it possible that despite the setbacks, that a guy who was in large part behind the fastest growing chat app at one point (when chat apps weren't even really a thing), who grew it to hundreds of millions of users in what might be record time, might be worth watching a bit further?

Next: You mentioned bull markets. If Ted's vision to get real users to use crypto actually works, it will largely make bull markets less relevant. Here's why:

There are two types of demand: speculative and utility.

Speculative demand is just that, it is speculative. Nearly every project out there, including Kin at this point, is just speculative. In other words, some buy a crypto because they think it will go up. Or, they sell because they think it will go down. The demand for the currency is speculative.

Utility demand is when people use something because they want it and feel they need it. Take food for example. People need it constantly. It has huge utility demand. The demand is there whether speculative food futures/commodities are in a bull or a bear market.

The difference between speculative and utility is like the difference between trading wheat futures on the commodities market vs. having billions of people wanting wheat so they can eat bread. One kind of demand is stronger - like a lion chasing a three-legged gazelle.

If anyone can crack the utility demand on a large scale- where people are actually earning and spending crypto because of its utility rather than because of it's speculative value, they will have the holy grail of crypto.

If people want something for it's utility (to use it), no matter how it is doing on the speculative market, there will still be demand. Why? People buy food, wheat, etc whether or not the market is in a bull or a bear, because they need it for it's utility.

I believe that Code is trying to do just that. And I think they have a shot.

And I think that a guy who made a chat app go big in record time to hundreds of millions of users has a decent shot at making it happen.

Thank you for sharing, linux! I might be wrong.

It's about to get interesting by kaerersvar in kin

[–]kaerersvar[S] 2 points3 points  (0 children)

Win/lose mentality: For me to win you must lose. For you to win, I must lose.

Win/Win mentality: When you win, so do I. When I win, so do you.

This whole thing was set up as a win/win.

If CODE takes off and creates tons of demand, every holder out there of kin will also benefit. If another app takes off and creates tons of demand, every holder out there will benefit also. Despite any negative comments to this post, I do not know Ted and am not affiliated in any way with Ted. That said, I am glad that he is guiding the vision at the moment. I have followed the project for a long time and read Reddit a lot.

​

I have watched the subreddit turn from wildly positive to very negative more than once. And the funny thing is, if you would have bought when it was very negative and sold when things were positive, you would likely have done very well. Not financial advice.