This post was written by a Kin community member and does not represent the views of the Kin Foundation
The various members of our team for the Kin Developer Program all invested in Kin because we saw something in the vision that made sense. Yes, we need a new way of monetizing. Yes, making products out of users ultimately disengages them. Yes, a few big players monopolize the whole app space. But deep down we still all have questions if we are honest with ourselves. Will Kin actually succeed even though it could be the answer for all of these problems?
Developing a product that uses Kin has been a process of realization, a kind of dawning. “This……. REALLY REALLY MAKES SENSE!”
The crypto market is wrestling with how to find a use case for blockchain technology. A myriad of projects that, when boiled down to their core, are trying to convince Mrs. Jones to use something that in her mind can already be achieved with the coins in her purse. How do you convince Mrs. Jones? “But it’s better because its decentralized, it’s faster, and it’s philosophically superior.” What the hell does that mean to Mrs Jones? Nothing, really. She doesn’t understand. Basically when you reduce the vast majority of crypto projects today down to their essence (aside from TPS and validation protocols), in most cases, they are amazing applications of blockchain that don’t actually need a token — or coins that are trying to do fiat’s job in a more complicated way. Even better, platforms that enable the creation of yet more projects that suffer from the same problems mentioned before.
Crypto can’t start to compete with centralized solutions until the particular use case delivers something centralized solutions can’t — or delivers it 5 to 10 times better.
While our team has been developing an app for the Kin Ecosystem, it has become abundantly clear that many, if not all, of these obstacles have been or will be overcome as the ecosystem develops. The Kin Ecosystem is not so much a closed market place as an enveloping one, a marketplace that grows with each additional application that embraces the philosophy of placing a value on each participant that delivers value to each other. For starters, you can’t spend fiat in the Kin Ecosystem unless you convert it to Kin first — queue the well worn tapping side of the head guy meme. To clarify you CAN’T spend fiat in the Kin Ecosystem because how would you move fiat between what were previously different islands offering different things without massive complexity, cost, risk and endless working groups? Decentralized technology, private keys, fee free transfers of value connecting an archipelago of digital offerings through a five-minute SDK. This is the Kin Ecosystem.
Growth of the ecosystem is not contingent on a central sales team, project managers, and their timetables. Think the mycelial network in Star Trek and you’re closer to the mark. A living organism made up of countless living organisms — free, creative, different, independent, but connected. Connected by Kin, the blood flowing through all their veins.
This isn’t a new means of payment. This isn’t fiat done better. That actually changes nothing and only makes it more efficient. Replacing fiat with crypto won’t change the established power systems, the commoditizing of users, and the ultimate conclusion of monopoly control.
Kin facilitates a new market system, delivering the egalitarianism that socialists and marxists long for with the leanness and competitiveness of capitalism.
Our team is realizing this more and more with each passing moment as we dig deep into how it will all work together.
This IS the Kin Ecosystem, and it’s just getting started.