Review on Kin by Paul Sletten
https://kinecosystem.org/ One of the first major social media players to…
https://kinecosystem.org/
One of the first major social media players to merge with / absorb/ purchase / become one with a crypto project. Kik messaging service had a pretty big pile of customers before adding Kin to the portfolio. This is how A and G started out - buying up everything that looked good. Many things didn't pan out at all, but the 4 or 5 big hits more than make up for it on the ROI reports. Eschewing sports analogies, I want to try a 3 tiered system for grading projects using something more accessible: the 3 albums from Biggie Smalls / The Notorious BIG that I own.
1 - Ready to Die - the all time 5 mic classic ( out of nowhere taking over the world) - crypto equivalents - BTC, ETH,
2 - Life after Death - the all time 5 mic classic, but with more maturity, better production and support - this could be things like Waves, Cardano
3 - Born Again - good ideas with 5 mic bones but either presented elsewhere differently or not previously released - could be things like ArkClient, Ignis
Kin would be a Life after Death rating on this scale today.
As always, all predictions wrong or your money back ( TM Gregg Easterbrook). Til the morrow beloveds, #ComeToSacramento.
Pros
- Diversity. Most of these reviews I specify if it is a BTC shaped or ETH shaped object. Today I expand the resume to include Kin, which switched from ETH to Stellar as a backbone. One of the issues with all of these products is the underlying network. It makes little progress to have the same 500K feverish pirates, tech masters, code poets all chasing the same performance. BTC was a thing, then people said it was slow, let's go to ETH. Then ETH got bigger, also not having a robust enough node census to support the ongoing vertical growth. Stellar has an opportunity to become the Nike of the 1980's instead of platform shoes in the 80's, and with it, Kin will have its fortunes follow. Or maybe it will be be the industry leader in hopping / using multiple back end chains. Or maybe Helen Mirren will start returning my phone calls. I would bet on the former before the latter.
Cons
- One of the major hooks is to incentivize developers who are paid in Kin. If this works, the amount of talent and innovation here will boggle our minds. Downside is that everyone else can do the same thing, and then it becomes a financial race again. I think if one is involved in this space, it should be for the functionality of the new things we can do, not for hoping to get a hundred bucks out of mining or a price swing from hour to hour. We already have that, and there will be many old concepts being disrupted that will try to find a seat on the internetmoneybus. Eventually the ticket taker will escort those projects to the side, and the markets will go where the value is. This is a project with a mile of upside. Allow no structural maybes to dissuade you from investigating the real application of this team and their engineering.
