Messenger App Kik Debuts Its Own Digital Currency (bloomberg.com) 51
The messaging app Kik Interactive has decided to create its own digital currency. Kik's plans are for an "initial coin offering," a process by which it sells tokens that can be used to buy services on its platform. "The idea is that as more and more people use Kik, the value of those tokens, called 'Kin,' will rise in value," reports TechCrunch. From the report: Kik, which has raised about $120 million (in real money) from investors including Tencent Holdings Ltd., could serve to add a new layer of legitimacy to the process. "Kik will be the largest install base of cryptocurrency users in the world," Chief Executive Officer Ted Livingston said. "Kin, on day one will be the most-used cryptocurrency in the world." The move comes as Kik finally reveals how many people actually use its app regularly each month: 15 million. That's a far-cry from the 300 million total registered users number it was sharing around this time last year. Kik plans to gift a certain amount of Kin to each user. They'll be able use the new currency to buy games, live video streams and other digital products. The company's goal is to attract new merchants to sell on the platform, creating a snowball effect where Kin becomes more valuable and more sellers pile onto Kik, increasing its popularity.
Scrip (Score:1)
Seems more like scrip than cryptocurrency to me.
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Liberals went crazy because a gay, and later a woman, tried to give speeches at Berkley.
I think you are pointing at the wrong people who are the racists/homophobes/misogynists.
Tell me again which party had a KKK leader in the Senate for decades? Let me give you a hint, it was Robert Byrd (D).
Which party filibustered the Civil Rights act? Again D
Which party wanted to stop women from voting? Again D
Which party literally started a war in order to keep slavery? Again D
Make all the claims you want, I have ev
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The real racist say "Blacks can't use cell phones" because ... they're black and don't know how. Mostly white liberals on college campuses.
https://www.youtube.com/watch?... [youtube.com]
I know this doesn't fit the agenda of the left, parroting the mantra that "white people are racist" in the way they want. But the fact is, the biggest racists I know are those white liberals running around making excuses as to why black people need help, simply because of their skin color.
The greatest example is, watching a white liberal
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You're talking about the 'Southern Democrats', a group of reactionaries who blamed the Republicans for the Civil War, the Reconstruction, and equal rights. They voted solidly Democrat until Johnson "betrayed" them by enacting the Civil Rights Act.
Unfortunately, America's two-party system left those emigres nowhere to go but the Republican party, and so the party of civil rights and social liberty from Lincoln to Eisenhower turned into what we see today.
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Remember Kik... (Score:3)
Kik was the company that had the NPM package name, kik, taken away from the developer for trademark reasons and the developer broke the Iternet by deleting his packages (including the ever popular song
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Sorry, express bus hit a pot hole and my finger accidentally hit the submit button. Before I was interrupted...
The developer removed all his packages, including the ever popular pad left function. Who knew that every JavaScript project was dependent on it being available?
https://qz.com/646467/how-one-programmer-broke-the-internet-by-deleting-a-tiny-piece-of-code/ [qz.com]
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How many seats do you take up on the express bus? Is it three, four, or five?
One seat. Or less than one seat if I'm sitting between two bigger people. No, I've never been required to buy an extra seat on an airplane.
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I suspect the flight attendants would have simply asked you to leave the plane so they could get under the maximum takeoff weight.
On my last plane flight, every seat was filled. No one was asked to leave the plane because it couldn't take off. If the plane was overloaded, they simply send your luggage on a different flight.
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There's bigger people than you?
Two, three or four times bigger than me. I'm skinny in comparison to these people.
But I bet you were required to wipe it down after the flight.
Uh, no.
You're used to that from all that time you spend in the gym, right?
I'm not some skinny ass marathon runner who drips like a fire hydrant all over the treadmill.
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Your claim that you don't drip sweat on the gym equipment leads us to conclude one of the following:
WRONG! I claimed I didn't drip like a fire hydrant that skinny ass marathon runners do at the gym. My sweat is contained by the workout clothes that I wear and a gym towel that I wipe my shaved head with.
Guess which one it is?
You're full of shit. Try again.
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Not sweating enough to feel that you've left any residue on the machine;
That's the whole point of wearing gym clothes. I'm not going to wear a Speedo, jump on the treadmill and splatter everyone in a ten-feet radius.. Skinny ass guys do that all the time — and then not wipe down the treadmill. It's a disgusting habit. Just as bad as skinny ass guys who scream like pregnant women while lifting weights.
https://twitter.com/cdreimer/status/866006296541016064 [twitter.com]
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Sweating is normal in a gym, not when typing at the keyboard,
It's not even summer yet.
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How do you get $120mn in funding for that?
Before the dot com bust, you needed a napkin and a pen to get funded.
Should all poor simply start a startup for some stupid app or other, by preference one that already exists?
https://www.gofundme.com/ [gofundme.com]
Porn. (Score:4, Insightful)
Kik is positioning themselves for cam girls (and boys) to get paid.
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That was exactly my first thought as well. Hell, it was happening on kik as I understand it already. Now the company can potentially make some money on the deal too.
You offer users the ability to play "games" (i.e. watch interactive ads) and give them fake money, they pass it on for porn, porn returns it for real money or pays for additional services using it. Thus advertisement money goes to kik, and some small amount of that goes to people making porn, the rest goes in their pocket, and the porn
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Just what the world fucking needed, more pedopeso currencies.
I for one prefer to use mature currencies.
Re: Digital currencies of spurious substance. (Score:2)
Screw the USD
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What are these "Federal Reserve Notes" of which you speak.
My US Dollars are stored in book-entry form at my bank.
They must be worth something because the grocer store gladly accepts a that piece of plastic along with my PIN that instructs my bank to transfer some of those dollars to his bank in exchange for something that I can eat.
At last! (Score:2)
This title... (Score:2)
this title really begs for an ethnic slur/stereotype based pun.
Do you know perchance if owners of that messenger are Jewish?
Here come the kik-whores! (Score:1)
And what's wrong with that? An opportunity for enterprising folks to (mostly) cut out the middlemen/gatekeepers.
Looking into it... (Score:2)
Never heard of the app, then I went to look further into it:
"On November 4, 2014, Kik scored 1 out of 7 points on the Electronic Frontier Foundation's secure messaging scorecard."
"Kik Messenger has drawn controversy due to its reported involvement in a number of incidents of child exploitation. The app has been criticized as unsafe for minors due to its anonymity features and allegedly weak parental control mechanisms."
"Kik has been criticized for providing inadequate parental control over minors' use of th
It's a stupid idea (Score:2)
to limit universality of universal commodity called money