Eric Wall on Kin Head of Research at Arcane Crypto

It's like, you want Kin to be a cryptocurrency. But you don't want users or even the apps that they use Kin to use cryptocurrency nodes. If you don't have that, then there's no trust-minimization, no security and we're back at an in-app points system.

It doesn't help the users of Kin that a couple of large stakeholders somewhere run Kin full nodes if no one is doing it on their behalf. If no one is doing that, it doesn't help them at all that there's a blockchain or that the blockchain is federated.

💩