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> 50% of participants in the token sale purchased less than $1000 of Kin, which seems more consistent with a consumptive use vs. investment purpose argument. S
by tveita 7y ago
> 50% of participants in the token sale purchased less than $1000 of Kin, which seems more consistent with a consumptive use vs. investment purpose argument.
So 50% purchased more than $1000. To do what, buy stickers and themes?
I'd wager than even the "under $1000" crowd will be 90% cryptocurrency investors holding it as part of a "balanced" portfolio.
- pavlov 7y agoThat line makes the post seem tonedeaf. Maybe "less than $1000" is the definition of throwaway consumption money for someone who works at Andreessen Horowitz, but for many of the hopeful retail investors in 2017 ICOs, it may have been a large chunk of their savings.