Bitcoin and Ecommerce: How to Accept BTC Payments in Your

It's Time to Let Everyone in on Litecoin's Biggest Secret

Fellow Consumers,
It's possible that you might be getting a little upset at the current BTC fees. Please assist me in sending, or editing as you see fit, this drafted outline and email to whichever business you feel would benefit from using Litecoin instead. Or you can make a video, or tweet the link, or 100 other things. Just help in bringing attention to Litecoin in BTC's mempool time of need. It's time they learned Litecoin's biggest secret .... It’s THE BEST payment method out there. Also, please support businesses that currently accept Litecoin. I've put together a list below the draft.
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To whom it may concern,
Has your company ever considered receiving the alternative payment currency Litecoin?
To begin, you may already be accepting bitcoin and Litecoin is very similar to bitcoin. If you're unfamiliar with bitcoin as a currency then Litecoin is a great place to start. They are even built from the same Core coding. A benefit to Litecoin is that it has a 2.5 minute block time instead of bitcoin's 10 minutes. This makes Litecoin's transaction speed four times faster and much less expensive than bitcoin. In layman's terms, this just means payment is confirmed faster and less expensively with Litecoin.
For reference - you can see the average fee of both bitcoin and Litecoin in US Dollars compared here: https://bitinfocharts.com/comparison/transactionfees-btc-ltc.html#1y
This chart shows the average fee for Litecoin is staying around 10 to 20 cents, and bitcoin bouncing between a low of $1.50 and $8.00 recently. This means you would pay less in fees to convert the same total value into fiat or USD in this case.
If you were to compare this to the average credit card transaction fees, of say 2.5%, any transaction over $5.00 would be more profitable through Litecoin.
Reference of fees found here: https://www.cardfellow.com/average-fees-for-credit-card-processing/#Typical
If you've heard of Litecoin, I'm sure you have heard the saying "Litecoin is the silver to bitcoin's gold." But really, Litecoin should really be considered Platinum instead of silver. Platinum is stronger, more durable, and much more ductile. Over 20% of all consumer goods either contain platinum or are produced using platinum. Platinum is truly an enduring metal just as Litecoin is truly an enduring cryptocurrency. It will be 6 years old this October, bitcoin is 8 years old.
A few facts that demonstrate Litecoin's strength, durability, and ductility are listed below:
  1. Litecoin has a large economy and your current bitcoin technology should work on Litecoin with very little changes. If you don't use bitcoin, it is still easy to implement.
  2. Litecoin has the best combination of economic size and technical similarity to bitcoin than any other cryptocurrencies.
  3. Litecoin is capable of eight times as many transactions as bitcoin in a ten minute period.
  4. Litecoin has much faster confirmation times with blocks that are not full.
  5. Litecoin has proven its longevity compared to many other cryptocurrencies that have come and gone.
  6. Also, if changes ever need to be made to Litecoin, it doesn't take years to implement them. Litecoin implemented Segregated Witness before bitcoin, and will most likely run on the lightning network before bitcoin as well. If you don't deal with bitcoin, this all just means Litecoin is a front runner in implementing new technology and features.
  7. Litecoin is a limited supply coin, launched fairly, with no coins premined (no developer is hiding a majority somewhere), nor has it ever hard forked for any special interest groups. It is decentralized and no one person or group controls what happens to it and no one person or group can manipulate the market.
  8. Whole Litecoins are much more affordable than whole bitcoins. This helps eliminate some psychological barriers to entering the market.
In conclusion:
If your company was to accept Litecoin, I would be happy to start conducting my business with you.
If your company accepts bitcoin payments but not Litecoin, I hope I have helped shed some light on the benefits Litecoin could bring to your business.
If your business does not accept bitcoin payments, I hope I have introduced you to an alternative payment option that a large number of people transact with everyday who would love to add you to their list of merchants accepting Litecoin. It really is the currency of the future.
If you have any questions about Litecoin or need help in possibly implementing Litecoin into your business, please let us know. There are many of us here excited to help you transition into accepting Litecoin or to help you further and answer any questions you may have.
We can be found here:
[email protected]
[email protected]
https://www.reddit.com/Litecoin
https://twitter.com/LitecoinCA
http://litecoinalliance.org/
https://twitter.com/ltcfoundation
https://twitter.com/litecoinsupport
A few options of the easiest ways to implement Litecoin payments currently are:
  1. https://shapeshift.io - currently used by Overstock.com - "The Safest, Fastest Asset Exchange on Earth"
  2. https://coinpayments.net/ - Payment gateway for LTC & BTC
  3. https://alfacoins.com/ - an international LTC & BTC payment processor
  4. https://www.asmoney.com/ - an electronic payment system for LTC & BTC
  5. https://www.gocoin.com/ - Enabling merchants to accept BTC & LTC payments
  6. http://cointopay.com/ - Provides merchant services in LTC, BTC, & many others
  7. https://www.cryptowoo.com/ - a decentralized payment plugin to accept LTC, DOGE, & BTC
  8. https://gourl.io/ - an open source crypto-currency payment gateway
  9. https://litepaid.com/ - accept LTC, BTC, & over 25 others fast & easy
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This below is for LTC spending reference. No need to include it in any email. Dots were added in for any mobile users who can't see the formatted lines.
Places to spend Litecoin:
Please feel free to mention any links/sites/businesses you know of - It took me a bit to compile this list or PM me and I will add your business link to whichever category you prefer. Also, please verify with the consumer they still accept Litecoin or are still an active domain before purchasing.
A Bit of Everything:
https://overstock.com - Furniture, Decor, Cars, Pet Adoptions, Jewelry, Clothing
http://bitroadmarket.com/en/ - Electronics , Home and Kitchen
http://shop.btcs.com/ - Jewelry, Coins, Shirts, Collectors Items
https://bitcoingalaxy.us/shop/ - Jewelry, Coins, Shirts, Collectors Items
https://www.all-mints.com/- Gift Cards, PCs, Clothing, Food, Tools, Perfume, Electronics, Bags, Shoes, Gifts, Pet Products
Art & Collectibles:
https://bitographs.com/ - Crypto Posters
https://dogmaportraits.uservoice.com/ - Prints of your uploaded pet photos
http://cryptoart.com/ - Crypto themed art
http://bitcoinsportscards.com/ - Sports Cards
http://aircraft-photos.com/ - Aircraft photos
http://www.juanmiguelsalas.com/blog/ - Art - Blogger
http://www.benzandbeamer.com/ - Luxury Cars
Clothing/Jewelry:
https://Digswag.com - Clothing, Unique Items, Pets, Home and Office
https://Coinpupil.com - Crypto themed clothing
https://allthingsluxury.biz/ - Fine Jewelry
http://www.afkapparel.co.uk/ - Geek/Gamer clothing
http://www.sakamaonline.com/ - Leather and Rugs
https://www.siamsecrets-auz.com/ - Siam clothing
https://cryptocurrencygear.com/ - Crypto gear
https://www.topshelftoker.com/ - Shirt and Hat
https://allthingsdecentral.com/ - Card games, Hardware wallets, clothing, Beginners Box
http://shiresoaps.com/ - Soap
https://5mr.com/ - Baby Wearing
https://www.cryptojeweler.com/ - Jewelry
https://www.cheveux-naturels.com/ - Hair Extensions
https://www.etsy.com/shop/JestersLeather - Leather
http://www.cryptoverge.com/ - Crypto clothing
http://moniebug.com/ - Chlidren's Clothing (Launch Party Sept 30th - Coming Soon)
https://chicagogemshop.com/ - Precious Gems and Crystals
https://litecoinmerch.com/ - Litecoin Merchandise - Donates 25% Back to LTC Foundation!
https://twitter.com/LitecoinMerch
Domains/Hosting/and Other Digital Services:
https://nameselling.com - Domain names
http://www.lovinghosting.com/ - Linux Web Hosting
http://www.lovingdomains.com/ - Domain names
https://www.vps-city.com/ - Virtual Private Servers
https://flokinet.is/en/ - Anonymous Servers
https://coinshost.com/en/ - Web Hosting and DDos Protection
http://www.qhoster.com/ - Hosting, VPS, Servers, Domains
https://briehost.com/ - Hosting, VPS, Servers, Domains
https://www.hostmycode.in/ - Hosting, VPS, Servers, Domains, Wordpress, SSD Reseller
https://www.cinfu.com/ - Shared Hosting, VPS, Dedicated Servers, Domains, SSL Digital Certificates
http://ellenet.com.au/ - Web Hosting, Web Design, Server Maintenance, Web Development
https://247zilla.com/ - Cloud Hosting
https://hosthavoc.com - Game/Minecraft/Voice Servers and Web Hosting
https://www.simrai.com/ - Game/Minecraft/Voice Servers and Web Hosting, Package Deals
https://143vpn.com/ - VPN, DDoS protection
https://torguard.net/ - VPN, Anonymous Email, Anonymous Proxy
https://www.trilightzone.org/ - VPN Services
http://gameservers.today/ - Game and Voice Servers
https://xwebhosting.org/ - Dedicated and Cloud Servers, Web Hosting, Datacenters
http://www.onenetwork.net/ - Servers and VPS
http://instantcpanelhosting.com/ $0.5 Hosting, $4 VPS, Domains, Dedicated Servers, SSL
https://koddos.net/ - DDoS protection, Off shore hosting
http://www.coinrdp.com/
https://axelwebhosting.com - Web Hosting
18+:
http://www.vieci.com/# - Assorted Adult Products
Food and Drinks:
https://tealet.com/litecoin - Assorted Teas, Loose Leaf
https://www.drinkcham.com/ - Award Winning Cold Brew Tea
https://www.cryptomercado.com/ - Coffee, Jerky, Nuts, Snacks
https://crypto-coffee.com/ - Coffee
http://drapis.com/ - Raw Honey
Furniture:
https://distinguishedimports.com/shop/ - Hand Blown Glass, Decor, Vintage Furniture
Game Keys:
https://key4co.in/ - Game Keys
https://www.cjs-cdkeys.com/ - Game Keys and Physical Discs
https://gamerzheat.com/ - Game Keys and Software
Gift cards:
https://www.gyft.com
https://www.cryptodechange.com/
https://www.egifter.com/litecoin/
https://bitcoingiftcards.com.au/
https://www.cryfter.com/
https://giftoff.com/
Gold and Silver:
https://www.coaex.com/ - Gold and Silver Bars
http://www.bitgild.com/ - Gold, Silver, Platinum, Palladium, Accessories
http://www.bitcoinmetals.us/ - Copper, Gold, and Silver Bullions
Law firms:
https://sohovichlaw.com/ - DUI Defense
Miscellaneous:
http://coinmap.org - Map of Local Businesses
https://www.unlockbase.com/ - Unlock iPhone
https://www.custommuzzlebrakes.com/ - Custom Gun/Rifle Parts
http://www.getballistic.com/ - Body boards
http://www.3dp4btc.com/ - 3D Printing
Music:
http://www.shanthagopian.com/
http://www.progmegastore.com/store/ - Memorabilia, Vinyl, and Collectors Items, CDs and DVDs
http://cryptopay.trebaltek.ca/wp/
Other Electronics:
http://www.thermostatenshop.nl/ - Thermostats
http://www.heat4feet.net/nl/ - Floor Heating maps, rugs, thermostats
http://www.opritverwarmingen.eu/ - Heating cables, thermostats, and control systems
https://www.vorstvrij.net/nl/ - Heating cables and thermostats
http://www.keraheat.com/ - Assorted heating products
Pet Supplies:
http://cryptopet.com/ (Out of date site)
Physical Coins:
http://www.lealana.com/ (also sold on bitcointalk.org forum)
Travel:
https://www.cheapair.com - Plane tickets
https://btctrip.com/ - Festivals, Burning Man, Museums, Trips
http://finnatravel.com/ - Travel Agency
https://www.mercadoviagens.com/ - Brazil Travel Agency
http://3s.ee/booking/# - Estonia Hotel
https://www.surfranchnicaragua.com/bitcoins - All Inclusive Nicaragua Resort
Vape Nation:
https://arkansaseliquid.com/ - Vape Shop
https://www.vaposhop.com/ - Vape Shop
https://azarius.net/ - Assorted 'exhalant' supplies
http://btcheadshop.com/- Assorted 'exhalant' supplies
https://www.fogonthetyne.eu/- Vape Shop
https://www.ecigsplus.com/- Vape Shop
https://vapourdepot.com/- Vape Shop
http://www.tobaccoseed.company/ - 'Grow your own' Tobacco Seeds
https://kingpenvapes.com/- Vape Shop
http://www.digitalcloudvapor.com/- Vape Shop
Current Litecoin Developments - For Reference
Litecoin Roadmap - https://litecoincore.org/
Lightning Network
LN - vid by LTC Foundation's Franklyn
ln.network
RSK - Rootstock Sidechains
RSK - vid by LTC Foundation's Franklyn
rsk.co
MAST - Smart Contracts
Inside MAST: The Little-Known Plan to Advance Bitcoin Smart Contracts
Multisig Wallets
Multisig - vid by LTC Foundation's Franklyn
If you find any errors, mistakes, have suggestions of websites, comments on the wording, or what have you, just let me know in the comments or through PM. Also, as a disclaimer: I can not confirm every website above is still active or still accepts LTC, some accept but you have to email them first. I also left all the gambling websites out because those are hard to verify their trustworthiness.
Also, feel free to cross post this anywhere you want on the internet. You can edit and create whatever medium, youtube, twitter, reddit, voat, 4chan, bloomberg post you want. Feel absolutely free to get all that sweet sweet karma for yourself.
EDIT: I'll no longer keep this list up. I'll keep updating https://redd.it/6w0khi over in litecoinmarkets so you can always link to that.
submitted by 1JoeLite1 to litecoin [link] [comments]

Kin: The Reader's Digest Condensed Version

We all know that Kin is a unique digital currency, that it has value and utility, and that the Kin Ecosystem, currently in development, is going to be big--very big. But let’s look back for a moment. In order to see the scope of what’s happening, and where we’re going, it might be useful to look back, at where we’ve been.
Kin was started by the good folks at KIK Messenger. As Facebook and Google grew to gargantuan proportions, it became obvious to all that the old-school model of Advertisement Placement for monetization was becoming untenable for anyone other than the biggest and most entrenched of companies. Yes, the Facebooks and Googles of the world were doing fine with monetization via advertisements, and were busily scalping data from their users in a feeding frenzy to capitalize on the one asset they could sell… those users’ attention.
While most users thought Facebook was designed to give the social media platform as the product, and that they themselves were the customers, the reality is far different. The truth is that the advertisers were the actual customers, and Facebook users were the actual product. Very much like the Matrix, isn’t it? We are fed a social media mental “pudding,” and in return we give Facebook hours and hours of our attention… which it then sells to the advertisers.
Understandably, this realization came as a shock to those who were able to see and understand this revelation. Many users still do not grasp the reality of the situation, and are happily, mindlessly eating the pudding.
Leaving aside the distasteful mental image this business model give us, it created a problem for up-and-coming, and smaller but established Social Media companies. The smaller SM operations were left in a bit of a financial quandary… advertisers were loathe to spend on smaller platforms, because the reach of the giant platforms was so large and all inclusive. The remainder were basically crumbs on the floor.
From this basic problem… and the ensuing economic reality… came the idea for Kin.
Monetization is a concept that no one really enjoys talking about. For most of us, we’ve come to accept that ads are a necessary evil that we pay attention to in order to receive content; at this point most of us simply grit our teeth and press on. No, I’m never ever going to buy that silly spray to cover up the smell of your poo, but go ahead, play the damned video ad… again. I digress.
But what if there was a way to change the dynamic so that the SM platform user’s attention was no longer the product that got sold to monetize the operation? What if the user could sell his or her OWN attention, and be rewarded thusly? And what if there was a way to compensate developers and businesses who work in the ecosystem for this activity as well?
What if the user actually became a rewarded participant in the engine that generated income? And was even able to generate income for themselves in the process? What if a system was designed to reward users, developers and investors, all at the same time?
This is the basic premise of Kin.
THE GENESIS of KIN
In 2009, Kik Interactive was formed by a group of college students at the University of Waterloo, Canada, in order to create applications for mobile devices and smartphones. Soon thereafter, the Kik Messenger was launched. In it’s first fifteen days, Kik enrolled over one million users. Over the years, Kik has solidified itself as a strong niche player in the messaging app world. Initially, Kik monetized itself by placing advertisements, but realized over time that ad revenue might not be the best way to keep Kik in solvent.
After several years of struggle, Kik embarked on an experiment and instituted a program called “Kik Points.” This program allowed Kik users to participate in a very basic and limited “earn and spend” program. The users would answer surveys, or watch videos, in order to “earn” Kik Points… which they could then spend on in-app programs like sticker packs or emojis. What the Kik folks saw was a very enthusiastic, large group of people working to earn, and then spend Kik Points, in a transactional rate and density that dwarfs that of every cryptocurrency, including Bitcoin.
Kik then knew it was onto something. The team got to work, and after years of design, Kin was born. The Kin token was introduced into the crypto universe through an ICO (initial coin offering).
The Basics of Kin
Kin is the first cryptocurrency designed for mass-adoption and utility. It was engineered, specifically, to act as a currency to be used in millions of daily small and micro-transactions. In other words, it was a coin designed to be “spent” by the masses, not held by speculators.
Kin is designed to reward people for using the coin. The Kin Rewards Engine (KRE) pays Kin to users and developers who contribute to the ecosystem. This does “inflate” the circulating supply of the coin, which in turn keeps the value of the individual coins in check, but in reality this is a core design component of Kin. Kin is designed to grow in value, but is designed to grow more slowly because of the extreme volatility witnessed in the growth of other coins. This kind of volatility would destroy Kin’s ability to be used as a true currency. The KRE serves two purposes, then; to reward those who boost the ecosystem thought their efforts, and to moderate the extreme peaks and valleys that have plagued cryptocurrency since the invention of Bitcoin.
Bitcoin, for example, has morphed into a “store of wealth” rather than an actual usable currency. It is “deflationary” in nature; in other words, the scarcity of it is the sole driver of it’s value. The high cost of Bitcoin transactions, extreme value fluctuations and slow processing speed all hinder its use as a true currency. Additionally, why would someone spend Bitcoin when it may appreciate significantly in a short period of time? We all have heard the story about the two pizzas that were bought with 40,000 BTC… which would make those two pizzas worth over $300 million dollars today. And why would a merchant accept a currency that might lose a large percentage of it’s value very quickly? With a deflationary, speculative currency like Bitcoin, swings of plus or minus 30 to 50% within a few days are not uncommon.
Kin, on the other hand, is designed to be used and spent by millions of users. It’s value will also grow significantly, but that growth will be relatively stable, with few of the huge peaks and valleys we’ve all seen in other cryptocurrencies. This is directly due to the large initial supply of Kin tokens (756 billion) the large maximum supply (10 trillion) and the design of the KRE. Most people with any crypto experience see that 10 trillion figure (the maximum circulating supply of Kin) to be a huge detriment at first blush. This is because they haven’t grasped the need for that many tokens. Looking at it from the perspective of other crypto, 10T coins is a ludicrous, astronomical number of coins. And with any other coin, it would bake no sense.
But Kin is unique. It’s a true currency, not a store of wealth. It is designed to create value growth through usage, not through speculative buying, selling and holding. When Kin reaches mass adoption, the larger supply of coins will keep the price of the coin relatively stable while it grows in value, and will significantly reduce volatility.
Notice that I did not say that the large supply will reduce appreciation; it won’t. That’s because while Kin is designed to be an inexpensive coin, and should never experience the volatility of Bitcoin, that doesn’t mean it won’t gain and accumulate value. It most definitely will. There are no limits to that appreciation, and those who buy Kin now, while the price is well below 1/100ths of a cent, will see significant return on their investment. That opportunity, as significant as it is, is not going to last much longer, and will not be available again.
Kin is designed to go against the “normal” crypto path of pump and dump. It is not designed for arbitrage trading. Again, it is designed for utility, to be earned and spent, unlike most cryptocurrencies.
Kin is designed to be an inflationary coin, not a deflationary coin. In that, I mean that Kin, through the KRE, injects liquidity into the ecosystem and does not appreciate solely due to its scarcity. The KRE rewards those who have significant positive effect on the ecosystem by awarding Kin to those entities or people. If you develop an app that captures people’s imaginations and is wildly successful (think PokemonGo), and you’re using Kin to monetize that app, that effect on the Kin Ecosystem will be greatly rewarded with equivalent Kin. By injecting this liquidity into the ecosystem, the KRE rewards those who make the ecosystem work. This also tends to have an inflationary effect that slows the growth of the coin into a manageable upward trajectory, versus a hyperbolic, exponential increase.
Bitcoin, on the other hand, is deflationary… which means that no new BTC will be brought into the BTC system, and its value is based solely on that perceived scarcity. Since it has no mass adoption or real utility, and it’s value can rise and fall very quickly in large amounts. People buy Bitcoin for two reasons only today; speculation, and movement of fiat currencies into other cryptocurrencies. Speculation is the reason most people get into cryptocurrencies; with the advent of Kin, that will no longer be the case. Once Kin begins mass adoption, the majority of people in cryptocurrencies will be in Kin, and will be using, earning and spending Kin without buying the coin on an exchange. They will not be speculators, they will be users.
Speculation has been the name of the crypto game in the past, of course, but that is about to change. Speculation on crypto will become the minority use case, not the majority. Bitcoin will always have a place, obviously, but can you buy groceries with it? Can you pay your electric bill? Can you go out to eat using Bitcoin? No. Bitcoin will always be the first cryptocurrency, but it is not a mass-adoptable currency with any single, strong use case in its current form. Kin was designed with Bitcoin’s failings in mind.
The question comes up: Will Kin ever be a truly valuable coin, even with a ten trillion coin supply? The answer is an emphatic YES, it will. It will never be a short-term investment; there will be no 10x tomorrow, or 100x next week. But for the patient, the growth is coming. For the long term HODLer, the rewards will be significant indeed.
Let me explain why the Kin Foundation, in designing Kin, chose to make the circulating supply 10 trillion Kin tokens.
Why are there 10 Trillion Kin?
To be a true currency with mass adoption, used by millions of people, there needs to be a large amount of Kin available. Otherwise, in very short order, people would be using Kin in decimals. It was decided that people would rather earn and spend multiples of Kin (i.e., 1000 Kin or 500 Kin) versus decimals of Kin (i.e., 0.0001 Kin or 0.0005 Kin), as is now necessary with Bitcoin, Ethereum and many others. Note that Kin can also be used in decimal divisions, so that in the future, the value of Kin will never be limited by an inability to be used by the decimal.
In order to tamp down the extremely volatile nature of many cryptocurrencies, a larger circulating and available supply is necessary. A balance was found at 10T where the supply is large enough to meet the needs of the millions of users, but was small enough to not interfere with the growth of value in the coin. The Kin Rewards Engine (KRE) is key to this balance. By injecting Kin liquidity into the ecosystem, it rewards those who enable and grow the system, but it also minimizes volatility and keeps value growth down to a sustainable, non-hyperbolic/non-exponential growth curve. In this, it both creates opportunity and eases fears of volatility, for users, developers and merchants alike.
There are currently 756 billion Kin tokens in circulation; most of the remainder are held by the Kin Foundation for their own use, and for rewarding those who enable the ecosystem via the KRE. The KRE is schedule to begin operation in Q3 2018. As the value of Kin appreciates, the number of Kin injected via the KRE will change, though the total value will not. For this reason, the KRE stands to be in operation, injecting liquidity, rewarding innovation and ecosystem enhancement and controlling volatility for many, many years to come.
In the end, 10 trillion coins will not be enough to satisfy the long term needs and desires of the masses. If 50 million people are using Kin, this works out to only 200,000 Kin available per user. Most early adoptecapitalists in the ecosystem hold many, many more than that. This eventual scarcity will drive the value of Kin up significantly; I won’t prognosticate how high. There is, however, no limiting factor. I am very bullish at this prospect… because of the last item, number 5.
Metcalfe's Law shows the correlation between the usage of a telecommunications system, the size of it’s network, and its value. As the number of users grow, this law shows us that there is a direct correlation between the supply, the number of transactions per day, and the approximate value of that coin. This law follows closely the movement of Bitcoin, Ethereum and other cryptocurrency systems, and shows that Kin will benefit from mass adoption and millions of daily transactions from tens or hundreds of millions of users. Without a large supply, this would not be possible.
The design of Kin requires 10 Trillion coins to be available to execute the plan. And the plan is to allow users, developers and investors to all reap the benefits of a vibrant and growing ecosystem. When there are hundreds of millions of users in the ecosystem, the value of Kin will be greater than most people can imagine. It’s an exciting time, to be sure!
So we’ve looked at why the circulating supply is important, and why it’s different from other currencies. Let’s look at the center of why this works, the KRE.
The Kin Rewards Engine: How it will disrupt Social Media monetization
How often do you log onto YouTube, or Facebook, or any other Social Media site, and click on a video you’d like to see? Before the video starts, though, you are forced to watch an advertisement… maybe it’s something you want to know more about, but more often than not, it isn’t.
What if someone was reading your chat messages and saw you were talking about buying new running shoes, and there’s the ad for that, placed right in your face. Currently, the harvesting of your personal and private conversations is real and ongoing… putting that aside (and that’s a wholly different problem that Kin solves), someone is making money by scraping your personal data off of private communications and browsing histories, creating ads that target your interests, and then forcing you to watch those advertisements. A bot is reading your data, intuiting your thoughts, and someone profiting off of you.
George Orwell’s “1984” called this person “Big Brother.”
The KRE puts an end to this exploitative monetization model. The advertiser compensates you directly for viewing that advertisement, or answering that ad, or for playing that game. You can then spend your Kin on spend opportunities like branded Gift Cards from hundreds of big named merchants like Amazon, McDonalds, and Best Buy, or the user can take their Kin to an exchange and sell it for the fiat currency of their choice, US Dollars, Euros, GBP or Yen. You can use your Kin to buy music, to view curated content, or to tip a content provider. Paywalls for online journalism will become a thing of the past.
The KRE will reward the developer or person or company who placed the ad and contributed to the ecosystem. The user is allowed to contribute financially to content they value; instead of having their personal information sold to an advertiser. The user also can benefit financially for their own intellectual efforts and content creation.
Businesses and developers will be able to easily move their Kin to exchanges to trade for fiat currency; this enables them to pay bills and salaries, and reinvest in other parts of their business. This also creates liquidity for exchange trading, which is an important part of the Kin Ecosystem.
In this way, the KRE will rewards users, developers and investors who participate by adding value to the ecosystem. It will be an “open” ecosystem, allowing people to choose their use of Kin, whether it be purchases within apps, soft monetization via giftcards, or hard monetization via exchange trading for fiat currency. It may also become an option for game fans, hobby coders and enthusiasts to produce a living income via Kin.
Why are there two types of Kin?
Initially, Kin was designed to exist on a single blockchain infrastructure, the Ethereum Blockchain. Kin’s ICO was performed on the ETH Blockchain, and all Kin currently available to buy on exchanges are ERC20 tokens, built around Ethereum.
Last year, Ethereum experienced significant delays in transaction times because of a game that had been built on the platform, called “CryptoKitties.” This game became very popular very quickly with Crypto fans, and in their exuberance, their usage crashed the Ethereum platform.
The Kin Foundation realized that Ethereum, in its current form, was neither fast enough, nor robust enough to support the millions of users of Kin. Something had to be done.
The Foundation decided to seek another blockchain for Kin. Something faster, stronger, and secure enough for the millions of users of Kin to have near instantaneous, secure transactions, no matter what. A couple of solutions were found: The Stellar Lumens blockchain (XLM) was chosen because of it’s transaction speed, utility and robust nature, and the Orbs blockchain, which can stand as a replacement if there is a problem with Stellar down the road.
But what about exchanges? Kin on Ethereum can expect to be on many exchanges, and that access to liquidity that is essential to the success of the project. Kin on Lumens or on Orbs wouldn’t have widespread access to exchanges. This was a dilemma, The solution was to create the first ever two-blockchain cryptocurrency.
All Kin bought and sold on exchanges is on the Ethereum blockchain. Kin to be used in the KRE, the Kik app and the Kinit app, and in the remainder of the Kin Ecosystem, will be based on the Stellar Lumens blockchain. The two types of Kin will be functionally identical in value, and freely interchangeable between the two blockchains.
Basically, users will earn and spend Kin (XLM) in the Kin Ecosytem, due to Stellar’s robust design and fast transaction speed, but when they wish to move their Kin to an exchange, their Kin (XLM) will be exchanged for Kin (ETH) on a 1 for 1 basis prior to moving the Kin to the exchange of their choice for trading purposes.
In this way, the needs of all Kin users will be met. And should Stellar be someday unable to meet the demands of mass adoption, the Orbs Blockchain, and others, are available for later development. In any event, this dichotomy of Kin will be mostly transparent to the user, and will not impact the value or the utility of the currency.
The Kin Foundation has developed this dual-blockchain technology so that Kin can become the first mass-adopted, widely used cryptocurrency in the world.
So, how much will Kin be worth?
This is a big question. Many naysayers don’t believe Kin will appreciate significantly because of the large supply. This is based on their past experiences with Cryptos that don’t have utility and are simply speculative in nature. That’s not the case with Kin.
To be completely honest, no one knows how much appreciation Kin will experience, or when it will reach a certain value. Here’s what we do know:
Kin is positioned to be the first mass-adoption cryptocurrency in the world. Today, less than six million people worldwide own or use and cryptocurrency… this is an astonishingly low number. Kik, the messaging app behind Kin, has over 300 million registered users. Kin will be introduced first on the Kik app; Kik app users will have their first opportunities to earn and spend Kin before the end of 2018.
So basically, once Kin is introduced on the Kik app later this year, the number of people using cryptocurrency worldwide will multiply many times. In one day. Kik will introduce crypto to tens of millions of users by the end of the year.
As mentioned before, Metcalfe’s Law shows the relationship between a cryptocurrency value and the usage or transactions conducted by that coin, and the circulating supply. With current supply at 756 billion, and assuming transaction numbers in the 10 million per day range, Kin should be trading at around $0.01 per coin. Remember, however, that the KRE will be raising the circulating supply, and it may take some time to get to 10 million transactions per day. The value of Kin hinges on these numbers. In this, the beginning of the ecosystem, there is no foolproof way to estimate the value of Kin on any certain day.
That said, there is no limit to the value of the coin, over time. None. Not circulating supply, or market capitalization, or anything else. No limit. In a decade, after the ecosystem has matured and is operating solidly, Kin could be worth…. Well, you fill in your own numbers. I have my opinions, and they are not limited by the number of coins, the market cap or anything else designed into the coin. For me, it all hinges on mass adoption and usage.
Partnerships
Kin has inked a number of partnerships that are exciting and will stand the ecosystem well into the future. Two recently announced partnerships are UNITY and BLACKHAWK NETWORK.
UNITY
Unity is the ultimate game development platform. It brings together developers and technical assets in ways that allow the creation of some of the world’s most popular digital games. There were 5 billion downloads of games made with Unity in Q3 2016 alone. Today, games that were made with Unity exist on 2.5 billion unique mobile devices.
App and game developers will be able to insert Kin’s “5 minute SDK” (Software development kit) into the code of their app or game, and be monetizing their efforts with Kin in minutes. This “plug and play” approach makes the Kin Ecosystem and its rewards accessible to almost every developer, without the expense, time and research of developing a cryptocurrency. It truly is bringing cryptocurrency to the masses.
Simply plug the “5 minute SDK” into your code, launch/update it, and within minutes, you’re creating revenue. Your users will also have earn/spend opportunities, and your game/app usage will grow dramatically. No more sharing your revenue with the Apple App Store, or with Google Play Store. This is a huge increase in revenue for developers.
BLACKHAWK
Blackhawk Networks is the leading gift card supplier. Simply put, if you’ve ever used a gift card, it most probably came from Blackhawk Networks; that’s how deep their market goes. Over 250 different branded gift cards will be available for developers to choose from for their users to select, based on their personal knowledge of the demographic. Is your app a traffic or mapping app? Perhaps your users would appreciate being able to earn Kin to buy a Dunkin Donuts cash card. Because, coffee. Is your app a fitness app? Perhaps a Nike gift card is more appropriate. Is it a game geared towards younger users? There’s always McDonalds. A dating app? How about a card for flower delivery?
You can see that the options are endless. And don’t forget, the user AND the developer can choose to move their kin to other apps for other options, or to large cryptocurrency exchanges, where they can exchange their Kin for dollars, euros, etc.
In this way, the ecosystem is enhanced, the cycle begins again, and the KRE continues to reward.
Big Investors
One of the things that first got me excited about Kin was learning that Kik and Kin were heavily invested in by Tencent, the Chinese behemoth company behind WeChat. I travel extensively to China for my day job, and it was an incredible realization to see that most Chinese don’t carry paper currency anymore. Hundreds of millions of Chinese use WeChat every day to purchase everyday things like food, movies, clothing and the like. WeChat connects to the user’s bank account, and instantaneously debits the accounts when the user makes a purchase. Many retail outlets and vending machines in China no longer accept credit cards, and fiat purchases are dwindling in number.
Tencent’s interest in Kin is significant. Imagine Kik, using Kin, evolving into something similar… with hundreds of millions of people using Kin to conduct a significant amount of the economic transactions in their daily life! The adoption and utility numbers are mind boggling.
Additionally, there are a number of heavy hitters in the Crypto space investment community. Union Square Ventures (USV) is an investment fund that has bet heavily on Kik, and thereby, on Kin. Other investments from USV include CoinBase, Koko, DuckDuckGo, CodeAcademy, DuoLingo, Wattpad, SoundCloud, Foresquare, Kickstarter, Meetup, Etsy, Disqus, Tumblr, Twitter and Zynga. As you can see, Kin is extremely well positioned, and the monetization opportunity Kin represents for these companies is being explored.
Wrapping it all up in a big red bow…
The TL;DR version is this: Kin is poised to become the most used cryptocurrency in existence in 2018. As the KRE comes online, Kin is introduced to the Kik Community, the discrete Kin app (Kinit App) is released, the 5-minute SDK is finalized, more partnerships come online, more and major exchanges offer Kin trading, and word spreads, expect the value of Kin to begin growing significantly.
Kin currently sits near the bottom of the top 100 cryptocurrencies in terms of market capitalization, but the expectation is that Kin will rise towards the top of the top 100 in short order. As the value increases, so does market cap. Don’t make the mistake of thinking market capitalization limits the growth of Kin in any way; it will be the usage and mass adoption that will grow the value.
As the crypto market recovers from the last few months, look for Kin to accelerate its growth as more partnerships and exchanges are announced. Once the KRE begins operations, the value of Kin will grow more quickly. I do not expect Kin ever be worth less than it is right now.
The future for Kin is extremely bright. The Kin Foundation has much work left to do, but they are up to the task. Stay informed, and make sure your portfolio has Kin in it!
submitted by hiker2mtn to KinFoundation [link] [comments]

To raise the price of doge we need to use it! (List of stores/exchanges that will accept doge!)

While I love donating and tipping, doge needs to be spent on goods and services to gain value.
Now I'm not saying we should stop tipping and donating, but we should also spend some more on goods and services! Let the doge flow!
And in the light of doge4water being funded I think we should give ourselves a little present too!! So it's time to buy with doge!
Note: I am not responsible for any experiences or transactions in any of these exchanges or stores. Nor am I affiliated with any of them.
Exchanges:
If you know of any others just PM me them and I will add them as soon as I can
Stores/Donation Sites:
This list is not comprehensive, if I missed anything PM me and I can add it.
Directory/Sites like Ebay or Craigslist:
Again this list is not comprehensive. If you have any more suggestions please PM me
(Some of the stores aren't listed but are on the directories and some sites are listed and on the directories, by the way)
And finally a video for you guys :).
To the moon fellow shibes!
submitted by Moon_Ahoy to dogecoin [link] [comments]

Contests Ending This Week | Week of September 27, 2015

Ending 2015-09-27:
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Bleep bloop. I am a generated post. Please contact my creator if you have any questions.
submitted by Sweepstakes_Bot to sweepstakes [link] [comments]

Required Cookies & Technologies. Some of the technologies we use are necessary for critical functions like security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and to make the site work correctly for browsing and transactions. Gift Cards Xchange puts the power of cash value at the places you spend on the palm of your hand. Shop and save from over 250 major retailer brands. Get cash for those unwanted gift cards sent to your payout method of choice when you exchange your gift cards to us, giving you the flexibility when you need it most. You can buy anything and everything by just using our Card. We also offer other cards like Google Developer Card, eBay/PayPal Verification Virtual Card, Netflix Trial Card. Please visit our website for more information-Buy Virtual Credit Card using Bitcoin. We deliver you the card within 48 hours to your email address. Etsy.com currently doesn’t have Bitcoin options for its sellers, but some merchants are using workarounds to serve shoppers who want to use BTC.. Take Nuichan, a merchant that sells women’s apparel. Shoppers paying for orders using Bitcoin must select “Other” at checkout and leave a note indicating that they’re paying using BTC. But with the growing popularity since the bitcoin bubble burst in 2017, bitcoin has gained acceptance in a lot more sectors and online stores. Below is a list of some of the top online websites and applications that accept Bitcoin as payment methods for their products in 2020.

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