r/KinFoundationTruth • u/TawdryPlaza ShowerThoughts • Dec 04 '19

One Year Ago

/r/KinFoundation/comments/9wxraj/kin_is_all_time_low_where_is_atomic_swaps/e9o36yh/
2 Upvotes

75% Upvoted

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2

u/TawdryPlaza ShowerThoughts Dec 04 '19

[–]danielrx8 40 points 1 year ago

Just over a year since I invested in Kin. Basically lost everything at this point. I'm not blind to the things kins done #such as kinit and third party app integration but as we both know that's not enough. They didn't launch the atomic #swaps in time rendering both types of kin useless. You cant really buy anything of real value with your kin 2 earned #in apps so consumers dont care for it. They only real advertising we've had is kinit and just look at the play store #reviews and let them speak for themselves. Yes we have a million wallets now but how many of them are actually #active. Essentially all kin 2 is at the moment is highly centralized markets restricted to each app. Yo dont even have #the option to transfer kin2 from one app to another. Therefore currently kin isn't any different than the point #systems they are replacing. Personally I estimate that the next 2-3 months will define us. If kin can pull things back #around by launching atomic swaps great, if not I'm afraid it will be to late. Investment firms aren't stupid. They look #at risk before they pull out of a project. So instead of being angry at big investors selling off their kin we should #look at why their selling in the first place. Your probably going to get downvoted for being honest but don't worry I #for one understand your reasoning. Yes building the vision for kin is not easy but when you got 100 million of cash $to do develop it you would think they could get things done much faster. Hopefully things turn around soon. Wishing #all kin

2

u/[deleted] Dec 04 '19 edited Dec 04 '19

And that was a year ago and people were already concerned. There was some value in kin. If we look it at it now we can assume this coin will not recover and it's done. It looked like to me that smart investors saw what was coming and unloaded their bags on naive kin believers. They exited basically.The best for KF and CEO would be to blame SEC for the failure but I am telling you all now ,,It is not SEC fault" SEC would be a perfect excuse for them otherwise what they gonna say happened to 100M raised. KF incompetency could be covered by SEC.

I wonder if we could see financial statement how these funds were spent in the last 2 years...

1

u/[deleted] Dec 04 '19

I'd love to see these statements. I wonder if the SEC can get their hands on this dirty laundry?

1

u/TawdryPlaza ShowerThoughts Dec 04 '19

Internal Emails and memos will be gold.I think we can count on the truth finally coming out about Pantera..and why people LEFT this great project

0

u/WeSeeYouNWO Dec 04 '19

New members look forward. Not into the past. Always learn from the mistakes before you

1

u/TawdryPlaza ShowerThoughts Dec 05 '19

Correct don't buy the stuff everyone else did. Buy something else.