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Kik, once valued at $1B, is to be closed

forbes.com

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Re: Kik, once valued at $1B, is to be closed

#91

Post by vadym909 »

chx wrote: post #78

Cryptocurrencies are scam. End. This is very simple. Yes, they are a new kind of scam, a good name suggested is Nakamoto Scheme. https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/ Also notable: https://davidgerard.co.uk/blockchain/2018/04/05/debunking-bu... which doesn't outright call it a scam but certainly points out > Git gives you pretty much everything offered by the business case for blockchains. The one thing…

Poor Fred Wilson. He tried hard to hawk this one, including a crypto hail mary but evidently there's still some sanity in the private markets!

Re: Kik, once valued at $1B, is to be closed

#92

Post by xmprt »

harry8 wrote: post #71
injaki wrote: post #54

Earlier quoted context omitted.

OP meant searchable public group. In discord you need an invite link, and there's no way to search by its name.

so exactly like irc only not irc, which makes it better because, um..?

If you think this is exactly like IRC then you're delusional.

Re: Kik, once valued at $1B, is to be closed

#93

Post by colechristensen »

dehrmann wrote: post #85
colechristensen wrote: post #42

Wow. People are ridiculous about cryptocurrencies and the SEC's authority to regulate securities (and decide what a security is). To have an enormously engaged platform with a moderation problem and a cryptocurrency with an SEC problem and to pick the SEC problem is ... I'm sorry for the workers, their families, and their investors that they're losing their jobs and the work they put into the platform will just be go…

I bet the core business was in trouble, so they downsized, threw a Hail Mary, and are pitching it as a pivot. Odd that they didn't try to sell the core product, though.

It seems like their plan for monetizing it had been going on a long time and failed to get them off the runway before it ended so now they're doubling down on the monetization but dropping the platform it was supposed to monetize.

Re: Kik, once valued at $1B, is to be closed

#94

Post by untog »

coralreef wrote: post #80
chx wrote: post #78

Cryptocurrencies are scam. End. This is very simple. Yes, they are a new kind of scam, a good name suggested is Nakamoto Scheme. https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/ Also notable: https://davidgerard.co.uk/blockchain/2018/04/05/debunking-bu... which doesn't outright call it a scam but certainly points out > Git gives you pretty much everything offered by the business case for blockchains. The one thing…

Right. I'm going to challenge you to: - prevent or reverse any of my transactions - confiscate my bitcoin, or even find out how much I have You can't, and never will. Some cryptocurrencies are scams. But if you're saying all cryptocurrencies are scams, you're simply saying math and economics are a scam.

"Scam" is a broad term. The technical basis of bitcoin can be 100% solid and it can still be a "scam" in the sense that it's been sold as a get rich quick scheme for speculative investors rather than an actual, day-to-day use currency (given transaction times it'll struggle to ever be that, but I digress)

Re: Kik, once valued at $1B, is to be closed

#95

Post by unityByFreedom »

coralreef wrote: post #80
chx wrote: post #78

Cryptocurrencies are scam. End. This is very simple. Yes, they are a new kind of scam, a good name suggested is Nakamoto Scheme. https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/ Also notable: https://davidgerard.co.uk/blockchain/2018/04/05/debunking-bu... which doesn't outright call it a scam but certainly points out > Git gives you pretty much everything offered by the business case for blockchains. The one thing…

Right. I'm going to challenge you to: - prevent or reverse any of my transactions - confiscate my bitcoin, or even find out how much I have You can't, and never will. Some cryptocurrencies are scams. But if you're saying all cryptocurrencies are scams, you're simply saying math and economics are a scam.

Irreversibility of transactions is not a feature I want.

If someone wants to rob you of all your bitcoin, they can hold a gun to your head until you give it to them. A bank, on the other hand, has transaction limits.

If I buy something online with a credit card and soon after discover it's fraudulent (which has happened to me on multiple occasions), I can reverse that too.

Re: Kik, once valued at $1B, is to be closed

#96

Post by linkregister »

coralreef wrote: post #80
chx wrote: post #78

Cryptocurrencies are scam. End. This is very simple. Yes, they are a new kind of scam, a good name suggested is Nakamoto Scheme. https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/ Also notable: https://davidgerard.co.uk/blockchain/2018/04/05/debunking-bu... which doesn't outright call it a scam but certainly points out > Git gives you pretty much everything offered by the business case for blockchains. The one thing…

Right. I'm going to challenge you to: - prevent or reverse any of my transactions - confiscate my bitcoin, or even find out how much I have You can't, and never will. Some cryptocurrencies are scams. But if you're saying all cryptocurrencies are scams, you're simply saying math and economics are a scam.

- confiscate my bitcoin, or even find out how much I have

Bitcoin's public ledger is especially vulnerable to FBI "follow the money" investigation. Only one end is required to be known, and the entire trail is easily followed.

The federal agent who stole a portion of Dread Pirate Roberts' Bitcoin was quickly tracked and prosecuted.

Re: Kik, once valued at $1B, is to be closed

#97

Post by untog »

reilly3000 wrote: post #68
nikolay wrote: post #63

Kik, Telegram, and Skype has a spam issue. Until they solve it, they are doomed. I have "nikolay" on Telegram and get tends of messages from scammers daily. Same with Skype, and Kik. I don't get spam on Viber and Messenger and that's why I use those. All the rest are not worth my time although I love both Telegram and Skype more than the rest, but don't have the nerves to deal with their basic design issues.

It seems more appropriate to me to start punishing spammers rather than holding platforms accountable for their customer’s behavior.

Who is going to punish the scammers if not the platforms?

Re: Kik, once valued at $1B, is to be closed

#98

Post by commoner »

unityByFreedom wrote: post #95
coralreef wrote: post #80

Earlier quoted context omitted.

Right. I'm going to challenge you to: - prevent or reverse any of my transactions - confiscate my bitcoin, or even find out how much I have You can't, and never will. Some cryptocurrencies are scams. But if you're saying all cryptocurrencies are scams, you're simply saying math and economics are a scam.

Irreversibility of transactions is not a feature I want. If someone wants to rob you of all your bitcoin, they can hold a gun to your head until you give it to them. A bank, on the other hand, has transaction limits. If I buy something online with a credit card and soon after discover it's fraudulent (which has happened to me on multiple occasions), I can reverse that too.

That criticism also applies to cash.

Re: Kik, once valued at $1B, is to be closed

#99

Post by [deleted] »

chx wrote: post #78

Cryptocurrencies are scam. End. This is very simple. Yes, they are a new kind of scam, a good name suggested is Nakamoto Scheme. https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/ Also notable: https://davidgerard.co.uk/blockchain/2018/04/05/debunking-bu... which doesn't outright call it a scam but certainly points out > Git gives you pretty much everything offered by the business case for blockchains. The one thing…

[deleted]

Re: Kik, once valued at $1B, is to be closed

#100

Post by jackcodes »

untog wrote: post #94
coralreef wrote: post #80

Earlier quoted context omitted.

Right. I'm going to challenge you to: - prevent or reverse any of my transactions - confiscate my bitcoin, or even find out how much I have You can't, and never will. Some cryptocurrencies are scams. But if you're saying all cryptocurrencies are scams, you're simply saying math and economics are a scam.

"Scam" is a broad term. The technical basis of bitcoin can be 100% solid and it can still be a "scam" in the sense that it's been sold as a get rich quick scheme for speculative investors rather than an actual, day-to-day use currency (given transaction times it'll struggle to ever be that, but I digress)

Saying cryptocurrencies are a scam is kind of like saying leggings are a scam because of LuLaRoe.
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