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

forbes.com

171–180 of 262 posts

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

#171
post #29

Ok so I've used kik for years (I have a pen pall in Germany, we both went through the transition to and from university together.) Their app was delay tolerant and had decent read receipts which was amazing when I lived in the country side with my parents and had a worthless internet connection. That being said... kik never built a desktop application, if you didn't have your phone you couldn't even know if you had a…

The lack of a desktop app really hurt it in my eyes, but to be honest I think it was really just killed by the fact that WhatsApp, Telegram etc are downright better (and most people are pretty happy just using Facebook anyway).

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

#172
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.

If you leave the keys in a safe and never use them? Yes, they're going to stay there.

But as soon as you make a transaction, in or out, the transaction history of those coins is exposed. And as soon as you make an infosec mistake, you're at risk of loss.

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

#173
post #121

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.

Calling them currrency is already a scam. They are not a currency. They are hardly money (look up the difference yourself), because you mostly can’t buy stuff with it. And for sure, you can’t pay taxes with them. I read a great question here on HN a while back to enthusiasts: If you were the last person in earth to receive coins, would you still like them and endorse them? So many comments can be traced to the idea o…

If you were the last person on earth to receive USD banknotes, would you still endorse them?

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

#174

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.

- 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.

Tracking crypto-coins are actually real business [0].

[0]: https://www.chainalysis.com

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

#175

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.…

Public groups in the way Telegram lets you search super groups and announcement channels?

Or was it different

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

#176
post #133

Earlier quoted context omitted.

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...

These services does not require manipulating real money. To run the service, it requires a device connected to the internet, that all. You can find a lot of way to host it in a country that don't have these requirements, or to host it anonymously.

Mixers are now a target for law enforcement though, just so you know.

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

#178
post #137
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…

Is it fair to call it a Nakamoto Scheme? "He" published a paper and wrote the earliest version of some software, wouldn't it be better to call it a Pincoin Scheme or similar?

A Wright scheme?

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

#179

Earlier quoted context omitted.

I'm not sure if this is what OP meant, but a year is long time. It was literally some teams job to share CP on kik for a whole year. That's a long damn job.

Everyone at FBI is there voluntarily.

living out their dream of sharing CP

“Yes, it was I! My machinations lay undetected for years for I am a master of deception”

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

#180

Earlier quoted context omitted.

That is like saying that there are no back doors in open source software because anyone can have a look at the source. 'The market' is a handful of powerful miners anyway. As if your 1 vote could do anything about some fork abandonment or whatever. Also, do you monitor the whole network constantly? You have to sleep at some point. You know who does constantly monitor the flow of currency to a somewhat trustworthy deg…

First of all, you seem to be addressing bitcoin in isolation and not crypto in general. What forces do you think make Bitcoin worth more than ETH or more than Bitcoin Cash? Market forces. Supply and demand. Just like all commodities. These are invisible hand forces that no single person controls at this point. Even if there are varying levels of centralization in the chains themselves, the market decides whether to b…

The worth of a cryptocurrency is a bit of a weird thing to me since the decision where the decimal point is arbitrary, the different cryptocurrencies aren't that different in value, they just use different decimal points. If ETH decided to shift the decimal point by two digits, it would suddenly be twice as much "worth" as bitcoin.
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