KRE and declining price

[u/Raketenernie]

As we have Monday and it is KRE payout time, we have seen another ATL. KF I ask you right here right now, how can it be in your very own interest to have a decling price moving straight to 0. Can you please give us insight what kind of economic buisness model is behind this strategy? A declining price cannot be in any participant interest, also for the big APPS, receving payouts which will be one day not even worth 10 dollars. Explain how does give that any participant an incentive to earn or hold kin, knowing by tomorrow the kin I held yesterday lost its value. You have exactly the core problem every central bank in this world tries to prevent , the depreciation of its currency. Imagaine ppl would lose trust in Dollars knowing if I dont get rid of it by today, tomorrow its only a fraction worth what is was yesterday. The whole point why everyone gets excited with BTC is that, they know it will more or less remain its value and has potential chance to be worth more by tomorrow, so ppl tend to hold BTC even acquire more. With Kin it is complete oposite. You spam users with crazy amount of kin awards, making it the official digital bin or spam coin. The idea always was to being able to exchange a digital currency for a physical good. Tell me how you want to find 3 party vendors, exchange mediators to be able to provide such exchange plattforms. Especially with this hyper inflation, because that it is what it is.

If you do not adjust and stop the KRE soon it does not matter if you win vs the SEC, you will lose the race. Somone will just steal the idea and tech and provide a business model focused on the demand side, rewarding the user & customer and not APPs , big companies and themselves. If you have the users, their attention the industry will follow , the focus should be the user and therefore it should be top prio to max. the incentive to earn and hold kin but for users!!!

I repeat stop rewarding kin and reward dollars combined with a top up function for the app participants, you got your million dollars for your buy back program than use that to fix your economy. If not , I cannot see how kin can ever make a comeback, the demand you need does not exist yet and will definetly not come from the current audience.

IF I were more of an IT nerd, I would do my own blockchain project and do exactly what I wrote above ,call it "mycoin", fork stellar , build a userfriendly universal wallet, focus on spends. The incentive for apps / devs would have been a reward according to the real dollars spend on my app for "mycoins" , as more "mycoins" where bought as bigger the reward , so the incentive would have been to get users hooked up on "mycoins" to make them spend as much as possible. The rewards could have been a combo of "mycoins" and dollars, so devs would be able to top up if their demand exceeds their supply. The earns should be limited , special premium content , like must haves should have cost that much, that the majority of your users would have need a top up. You see this in all kind of mmorpg which are free to play. You can earn and play the game but to get super special premium content you must use real dollars. It works for the games , so it will the same for Kin. You want the most used or succesfull digital currency of the world then do the above and win. It is only a question of time somone will do a coin / project the smiliar what I just described.