Live data from Hacker News

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

forbes.com

111–120 of 262 posts

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

#111
post #54
post #50

Earlier quoted context omitted.

I'm confused. Not a Kik user, but how are public groups a unique feature (compared to say Subreddits)?

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

Discord recently added a "Server Discovery" feature[0]. It's limited to verified servers though, which should mitigate the problems Kik had.

[0]: https://support.discordapp.com/hc/en-us/articles/36003084333...

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

#112
post #106

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.

transactions are “reversed” every time a chain is abandoned. It happened in 2010 when Satoshi himself called to abandon a chain, again 2013 when Luke and Pieter called miners to abandon a chain, and probably many times since then to fix various bugs. It’s impossible to count how many of those abandoned transactions were successfully replayed on the new chain versus how many were spent elsewhere (ie reversed)

Forks aren't abandonment. And at this point, the market determines which chains are abandoned, it's not a single actor that has any sort of control.

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

#113
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…

> Git was released in 2005, four years before Bitcoin

Now I have a suspicion who was that mysterious Satoshi who had remarkably good industry-grade software skills.

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

#115
Kik is super common among certain online kink communities, it’ll be interesting to see where they move to. And given the underage problem those communities constantly have I wouldn’t find it at all hard to imagine Kik having some pretty grim stuff going on particularly in their new-ish group chats.

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

#116

One and a half year ago, I built an (unofficial) bot, Ragebot [0], that would function as spam protection for the many bot accounts joining public Kik groups. The project took off and was added to hundreds of thousands of groups by Kik users. Two days ago, Ted Livingston announced the closure and Kik has been chaos throughout ever since, with people adopting Discord and Telegram to retain their online friend circles.…

Searchable groups are an antifeature to me. They encourage random strangers to come and go which prevents ever building any sense of community. One of the things I like about the group chats I am in are that the same people are there from years ago.

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

#117
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…

Do Cryptocurrencies provide value and do something that country backed currencies can't? They do have their own advantages and disadvantages, but it purely boils down to how many people trade in it.

Take gold for example, people believe that it has value and trade in it. The price of gold is decided on the basis of market forces of demand and supply. Similarly, a cryptocurrency's worth is decided by the demand for it. If enough people trade in it, then it can be used as a bartering currency. Heck, even if enough people decide to use eagle's feathers as a token to buy and sell goods in exchange for, it is valid currency for those set of people. The larger the set, the more accepted the currency.

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

#118
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…

Cryptocurrencies are not a scam. Doubly double End. This is very simple.

But seriously, sure some people just push blockchain stuff to get money from investors. But I can buy drugs using Bitcoin. I can't buy drugs using git. So there's probably a difference between them.

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

#119
post #72

One and a half year ago, I built an (unofficial) bot, Ragebot [0], that would function as spam protection for the many bot accounts joining public Kik groups. The project took off and was added to hundreds of thousands of groups by Kik users. Two days ago, Ted Livingston announced the closure and Kik has been chaos throughout ever since, with people adopting Discord and Telegram to retain their online friend circles.…

(At least some) groups on Telegram are searchable.

Matrix groups are searchable and (at least riot) makes it relatively simple.

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

#120
post #105

Earlier quoted context omitted.

- 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.

Properly implemented "Laundering" services for crypto currency can make follow-the-money effectively useless. The funds are transferred to a wallet, they are mixed with many other coins, and then they are paid out in different sized transactions to the recipient. Assuming you have a busy enough pool, it should be technically untraceable.

Sounds like something where if you offered that as a service you would probably be legally required to Know Your Customer and to keep records...
Post reply on HN