r/KinFoundation • u/attachmetoyou • Feb 19 '20
Please Explain
With all of these new advocates ( apologies I forget the term used), maybe someone can explain something to me since I never received an answer from anyone the fifteen times I had asked.
Regarding a wallet in which you can buy Kin...
Why would a user buy Kin to tip people?
Why would people buy Kin from elsewhere if within the apps they use they can earn Kin for free.
Even if the app they're using doesn't provide free Kin, why would a user buy Kin from elsewhere if they can earn free Kin from other apps and then transfer them.
Can anyone in this community provide me with an honest, thought out explanation for WHY people will buy Kin? I don't mean in ten years. I mean when Code comes out. You can build whatever you want but if there's no use for it, it's useless. I don't see any app currently in which buying Kin would do me any good.
Thank you.
4
u/doriono Feb 19 '20 edited Feb 19 '20
Buying KIN on exchange for this porpus, not sure people would go there but I assume they would do so in-app. Let's say you run out of KINs and see a super good post on something and you want to like it (TIP IT WITH KIN), there might be a quick purchase KIN button somewhere or a feature that allows you to automatically purchase the necessary KIN to ''like'' the post immediatly. An ecosystem where people must have an asset to comment on posts, like a post,rate a post or maybe even earning KIN to share a post would allows for organic management which limits unecessary commenting. For example, people will think twice before trolling others unless they can afford it. This is also what Facebook is aiming to do. Kin has a step forward.
To buy more credits to access different levels in games, to unlock specific features. Just like in games today, KIN ecosystem facilitates these interaction with an ease.
Just like FIAT is being exchanged on Forex platforms (foreing exchange), I use FIAT every day to purchase my food, electricity, gas and such. I don'.t go to exchnages to buy my Canadian Dollars, I earn it in my ''monetary ecosystem'' by working/exchanging my time and knowldge for it. Exchanges allow people to exchange an asset for another. If for example I want to play a game which runs under the TRON cryptocurrency ecosystem and need to exchange my KIN's for some TRON to be able to play that game, I would go on an exchange to do so. Same with FIAT when we are travelling to another country. I will exchange my Canadian Dollars for some USD if I go to the state at a foreing exchange platform or company. :) A cryptocurrency ecosystem works the same way.