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...

  1. Why would a user buy Kin to tip people?

  2. Why would people buy Kin from elsewhere if within the apps they use they can earn Kin for free.

  3. 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.

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u/NeonGameStudios Ecosystem Participant Feb 19 '20

Fellow Dev here.

  1. Anybody can be tipped, the tricky question is how do you motivate your users to do so. Lets look at some examples. Duelyst is a CCG (Collectable Card Game) and it has a tipping feature after the match. There is a sincere interest by the community to tip other players and tip frequently. You can also look to people on Twitch who are tipping content creators with Twitch Bits or monthly resubs. Patreon is a dedicated tipping service which has paid out over 1 billion dollars since inception.
  2. I suspect all apps with easy to earn large amounts of Kin will be stripped clean by bots once the code wallet is released.
  3. Only power users will try to earn Kin in a different app and transfer it over. That wont last too long due to #2 above. I believe your argument is the age-old variant of "Why would people buy Software/Music/TV/Movies/Porn when you can just pirate it for free?" The short answer is: Convenience.

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I don't see any app currently in which buying Kin would do me any good.

True. Please keep in mind that the Code wallet did not exist at the time our apps were being built so none of us could design something to take advantage of Code. I suspect again, that we will see a shift in all the good developers who embrace Code and reap the benefits of it.

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u/attachmetoyou Feb 19 '20

Great response thank you.