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Crypto Daily 3@3 - 9.24 | Bakkt launch - fly or flop? / Kik kicks the bucket / SEC in Congress pscp.tv/w/cFphjDE0Nzc1…
What we're talking about:
1. Bakkt launch - what to make of the volume?
2. Kik has shut down and shifted all remaining resources to KIN
3. All 5 SEC commissioners testify before Congress
1. Bakkt launch - what to make of the volume?
2. Kik has shut down and shifted all remaining resources to KIN
3. All 5 SEC commissioners testify before Congress
My 🔥 takes:
1. Expecting huge pops upon Bakkt launch was almost certainly going to lead to disappointment; it's a long term play
2. This wasn't an ICO killing a successful app; it was an ICO as attempt to save an app past its prime and it didn't work.
3. Nothinburger.
1. Expecting huge pops upon Bakkt launch was almost certainly going to lead to disappointment; it's a long term play
2. This wasn't an ICO killing a successful app; it was an ICO as attempt to save an app past its prime and it didn't work.
3. Nothinburger.
Getting more specifically into Kik usage....they were an incredibly successful app, but they never truly broke out (in comparison to others) and by this year they were far far behind.
Now the question is: what does Kin have, if not Kik?
Now the question is: what does Kin have, if not Kik?
And when it comes to the SEC testimony...it was fine, just nothing a lot new. Clayton still focused on people complying w/ laws; Hester Peirce still wants safe harbors; Congressman Warren still wants the Token Taxonomy Act; Brad Sherman still wants us infidels dead.
Finally, there was some amazing content featured on this one from folks like @BitcoinTina @krugermacro @nikhileshde @udiWertheimer @WhiteAdamL @jchatterleyCNN @VentureCoinist @zhusu @dan_pantera which you can check out on the @MessariCrypto linkboard boards.messari.io/b/crypto-daily…
Really interested to know what you guys think:
Is Bakkt launch a failure or is that way too early a take?
Do you buy Kik’s argument that they *have* to do this to fight the SEC? Or is it just an excuse? Do you think there is any future for Kin?
Is Bakkt launch a failure or is that way too early a take?
Do you buy Kik’s argument that they *have* to do this to fight the SEC? Or is it just an excuse? Do you think there is any future for Kin?
Get this Bakkt / Kik / SEC edition of Crypto Daily 3@3 via email at nlw.substack.com or your favorite podcast app
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podcasts.apple.com/us/podcast/bak…
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