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Messenger App Kik Debuts Its Own Digital Currency (bloomberg.com)
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.
Seems more like scrip than cryptocurrency to me.
All of the racist Star Trek fans on this site are getting called out: http://io9.gizmodo.com/racist-star-trek-fans-decry-discoverys-diversity-revea-1795506110
It's fucking awesome. Star Trek isn't racist against white men for having a diverse cast. Get over yourselves, bigots. If only Slashdot wasn't mostly racist. Any Star Trek Discovery story basically turns Slashdot into Stormfront. Glad to see you racists finally getting called out.
If they keep bombing shit they'll either get deported in a generation or genocided in 2. Fuck muslims
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
They're basically only used for ransomware and buying illegal goods on the dark web. We need fewer digital currencies, not more of them. Boko Haram may love digital currencies, but the civilized world should ban them.
...starter???
Tokens are not people, just so you know.
Token Black.
If not, it's not a real cryptocurrency.
Kik is positioning themselves for cam girls (and boys) to get paid.
backed by goods & services as in the days before... not to mention the unlimited value of our highly charged spirits... cease fire stand down,, hugs not thugs,, sing along,, https://www.youtube.com/watch?v=UoHcWbb_cPM .. never ends thank mom
not being a party to the Coinage Act would distinguish as private credit or a numismatic token not tenable for public use!
Federal Reserve Notes are nothing more than casino gaming tokens when compared to Federal Reserve Certificates, and the FRC are on par as public money similar to a United States Note from the U.S. Treasury not a Instrument from the Federal Reserve branch agency (corporation-banking) that we dread everyday.
At last! An opportunity to make back my losses from my speculative investments in Linden Dollars.
Tokens are not people, just so you know.
Token Black
this title really begs for an ethnic slur/stereotype based pun.
Do you know perchance if owners of that messenger are Jewish?
45 5F E1 04 22 CA 29 C4 93 3F 95 05 2B 79 2A B2
And what's wrong with that? An opportunity for enterprising folks to (mostly) cut out the middlemen/gatekeepers.
The greatest example is, watching a white liberal explain how black people need to wear their pants around their knees, as if it were some racial trait that cannot be overcome.
The person who explained it best was undoubted not a racist, and was not a white liberal, but was all unbridled talent and a great example!!!
That's all Kik is used for. So, no one with any money. Good luck.
47 of the 51 dixicrats went back to the DNC, for life. I listed one, Robert Byrd KKK leader. His buddy Al Gore Sr. was another one. They were welcomed, to the point that Al Gore Sr's son was put up for president, and Hillary Clinton said Robert Byrd was her mentor. Not just accepted back, but celebrated.
You lied.
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 the app. The ability to share messages without alerting parents has been noted as "one of the reasons why teens like Kik".Parents cannot automatically view their child's Kik communications remotely from another device, but instead must have the password to their child's user account and view the communications on the same device used by their child."
Yeah... I mean, I'm fully expecting messaging apps to have payment options and to even implement virtual stores as a feature of sorts, but this is the worst way of it happening.
to limit universality of universal commodity called money
I do not believe in karma. "Funny"=-6. Do good and forbid evil. Yours, Oft-Offtopic Flamebaiting Troll.