News for hackers. Stuff that matters.
Re:Kik Messenger App Debuts Own Digital Currency Amid Bitcoi... by stingraycharles on Thursday May 25, 2017 @10:14AM (#14417412)
This concept has always existed, and you can compare it to e.g. steam credits. People found ways in the past to trade "virtual money" for real money, and this will be no different. The fact that it's a cryptocurrency adds a layer of transparency on top of it, and it looks like they're using it as an excuse to add additional value to their coin.

In reality, though, market forces will probably figure this out, and if it's not practical to trade for "real" money, it will not be worth much to app developers.

Re:Kik Messenger App Debuts Own Digital Currency Amid Bitcoi... by nwah1 on Thursday May 25, 2017 @03:15PM (#14419395)
Let's not forget the enormous in-built demand for fiat currencies via taxation.
Re:Kik Messenger App Debuts Own Digital Currency Amid Bitcoi... by colefichter on Friday May 26, 2017 @11:00AM (#14424510)
> Let's not forget the enormous in-built demand for fiat currencies via taxation.

I understand that the whole libertarian-hipster-goldbug thing is in vogue right now, but what does this even mean?

Re:Kik Messenger App Debuts Own Digital Currency Amid Bitcoi... by andirk on Saturday May 27, 2017 @06:29AM (#14429603)
>> Let's not forget the enormous in-built demand for fiat currencies via taxation. > I understand that the whole libertarian-hipster-goldbug thing is in vogue right now, but what does this even mean?

If an in-built currency for fiat taxation is on the cover of Vogue (psst, it's Bloomberg), then what does this even mean?