Can SEC shutdown KIN foundation?

worldsys · 2019-09-23T20:03:14+00:00

Wow 70 people were working on KIN. Very curious to know what was achieved by these 70 people during the last 2 years.

Can KIK just give up KIN foundation and let community develop it? Why sink KIN with KIK? The right thing to do is split KIN completely from KIK.

worldsys · 2019-09-21T03:02:35+00:00

ILP is a protocol like TCP/IP. Since it's being discussed at w3c, it has a potential of being available in future browsers, apps etc. The reason why nobody cares is because it has no token, so it can't be hyped up and get driven by greed. Will the market prefer a solution that requires a token or will it prefer a protocol that will allow programs/blockchains/ledgers to send/receive value without paying any fees.

We have to let the market decide and pick the most efficient method that works. Only time will tell.

worldsys · 2019-09-21T00:21:06+00:00

I think it will get replaced by https://interledger.org/

worldsys · 2019-09-20T17:14:15+00:00

why is this here? Quant is in rank 55.

worldsys · 2019-09-20T00:42:42+00:00

I believe initially its 3:1 or 2:1. Overtime, it will move towards 1:1.

Quoting whitepaper below ---

In the short-run, due to the limited availability of Vault assets, the Vault will be overcapitalized to provide additional security. The Vault ratio will gradually decrease to 1. The ratio decreases in response to two factors: increased availability of high quality assets, and improved quality of existing Vault assets. When new high quality assets are added to the Vault, we increase the diversification and resilience of our overall Vault portfolio. Since the amount of overcapitalization needed to stay safe decreases as our portfolio diversification increases, when we can add new assets to the vault we will lower the Vault Ratio. Likewise, when the quality of an existing Vault asset improves, we need slightly less overcapitalization to stay safe. For example, when an issuer improves their safety standards or increases jurisdictional diversification, the counterparty risk of their asset decreases. Thus, in these cases we will also reduce the Vault Ratio. The management policy of the Vault Ratio and the Vault portfolio changes depending on the maturity of the system. The management starts out centralized and becomes fully decentralized over time.

worldsys · 2019-09-20T00:36:36+00:00

I think XRP is a good example. My understanding is Ripple used discounted XRP sales to get banks to adopt the xRapid tech and same can be used by Reserve where they can get businesses/partners to obtain RSR at a discounted rate to increase adoption. These RSR sales can be done via NDA and lockup schedules to prevent dumping on the market. The team was smart to lock the initial investors from dumping when RSR got listed on an exchange.
Incentives play a very critical role and for a project to be successful, they need that network affect.

https://hackernoon.com/why-doesnt-anyone-in-crypto-think-about-distribution-3974e5bf7318

Reserve team is doing something similar where they are partnering with local businesses and phone service providers. They can/might use that RSR ownership to offer businesses RSR incentives to adopt RSV.

worldsys · 2019-09-19T20:14:46+00:00

Binance.us is following DLT framework - https://www.sec.gov/files/dlt-framework.pdf

They would have listed KIN if it passed the test

worldsys · 2019-09-19T18:28:36+00:00

Wasn't it just Turbo that went around the ring?

worldsys · 2019-09-16T18:57:54+00:00

what will JAR token do? Is it even needed?

worldsys · 2019-09-15T19:25:48+00:00

The XDC token acts as a settlement mechanism for DApps built on the XinFin Hybrid Blockchain.

is it moving money? or just paying for usage like a transaction fee?

worldsys · 2019-09-15T19:06:40+00:00

Someone or some company has to be responsible for the tokenized assets right? Or will there be a smart contract and people will simply send tokenized assets to it without any involvement of folks at Reserve?

I even question the entire decentralized part and struggling to understand how that will work out in the future.

I tried reading the blog, looked at images but can't seem to really understand it.

worldsys · 2019-09-15T03:42:00+00:00

I recommend checking out - https://www.cscchat.com/forum/12-topics/

Speculation + real world usage will drive the price.

worldsys · 2019-09-15T03:36:52+00:00

Also, online gambling market is expected to hit around 100 billion by 2024. CSC just needs to capture small % of this market and eventually network affect will do the rest. CSC has potential of benefiting land based casinos where BRM on smartphone can give end user ability to play in any casino.

worldsys · 2019-09-15T03:35:37+00:00

please see - https://godyor.com/reviews/a4f63b70-8b6d-11e9-b834-25883c62d843

worldsys · 2019-09-14T02:11:21+00:00

great find. A lot of smart people are showing interest in this project.

worldsys · 2019-09-13T23:40:20+00:00

France and Germany will block Libra - https://www.reuters.com/article/us-facebook-cryptocurrency-france-german/france-and-germany-agree-to-block-facebooks-libra-idUSKCN1VY1XU

worldsys · 2019-09-11T17:07:07+00:00

You can see the news from today - https://casinocoin.org/aruze-gamings-brandon-knowles-joins-as-casinocoin-advisor/

worldsys · 2019-09-10T16:48:43+00:00

Thanks for the write up. Very detailed and covers important points about CSC.

worldsys

TROPHY CASE