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Author Topic: Akon talks about bitcoin and his own coin  (Read 345 times)
romero121
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September 06, 2019, 01:12:06 AM
Last edit: September 06, 2019, 02:16:57 AM by romero121
 #1

Akon, popular personality who is known to the world through his songs and music now opens about the needs of bitcoin and briefs more about it on an interview to the Breakfast Club Power 105.1 FM. That's really interesting to watch his interview where he gives clear answers with comparison to the dollar. Here's the link to the video https://youtu.be/HERTlVMd1QI

He's praised a king by African people. He has turned himself to be an entrepreneur, and he'll do good to Africa with cryptocurrency which might enrich the usage and adoption of bitcoin. Even now there is good acceptance for bitcoin in Africa, and what he has initiated through his own coin could make more popular people get into cryptocurrency network.

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September 06, 2019, 03:39:36 AM
Merited by ETFbitcoin (1), Duzter (1)
 #2

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/

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September 06, 2019, 04:00:19 AM
 #3

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/
Agreed, already there were more coins based on personalities. Some even created by them as they're good at programming. There needs to be some use case that is unique to get good value to the project and the coin. Here the coin might get popularity as it is named based on his name, but when it comes to use case and growth it won't attract good investors choose it.

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September 06, 2019, 05:03:20 AM
 #4

Akon, popular personality who is known to the world through his songs and music now opens about the needs of bitcoin and briefs more about it on an interview to the Breakfast Club Power 105.1 FM. That's really interesting to watch his interview where he gives clear answers with comparison to the dollar. Here's the link to the video https://youtu.be/HERTlVMd1QI

He's praised a king by African people. He has turned himself to be an entrepreneur, and he'll do good to Africa with cryptocurrency which might enrich the usage and adoption of bitcoin. Even now there is good acceptance for bitcoin in Africa, and what he has initiated through his own coin could make more popular people get into cryptocurrency network.

I think he planned it long ago, I'm not saying it's good or bad but it's another free money creation on the internet by a celebrity, there are a lot of coins named after a celebrity, but they are not managed by a celebrity where they are named and they are all gone, Akon, if he wants to make it successful, should have a concept and can keep it up for long term, the competition is very hard compared two years ago

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September 06, 2019, 09:34:48 AM
 #5

Everyone wants to make their own cryptocurrency, but what's the point? If they don't invest enough in her she'll just drown
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September 06, 2019, 09:47:06 AM
 #6

Akon talks about bitcoin and educate others; very good
Akin intends to start his own coin; please don't do that.
Starting a coin because you like bitcoin no it's not what's going to support bitcoin. Entrepreneurs should cut cryptocurrency some slack. Don't start up a coin because you see the cash rewards it might get

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September 06, 2019, 03:04:42 PM
 #7

Everyone wants to make their own cryptocurrency, but what's the point? If they don't invest enough in her she'll just drown

It's mostly to make money off. Not that I'm judging Akon's technical knowledge, but my guess is that Akon doesn't have an idea that this "Akoin" thing is completely unnecessary, and what they're planning can work if not better with bitcoin and ethereum. Again, I'm guessing that they just branded this coin off Akon for publicity reasons.

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September 06, 2019, 03:26:21 PM
 #8

He's praised a king by African people.

What a load of...
Praise someone like a king... What is this, the middle ages?

I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name.

Actually that would really make him a bad person, putting his name on a project he doesn't have a clue what is about.
But, as you sid another useless coins that again tries to profit from the whole "let's help Africa" drama.
There is nothing this token can do better than BTC or LTC or even doge, and if their main objective was to build a platform for it they could have done this also with a current coin.

if he wants to make it successful, should have a concept and can keep it up for long term, the competition is very hard compared two years ago

Competition is hard? Maybe when it comes to raising money via stupid ICO, in reality when it comes to a real-life delivered functioning product the competition is actually zero.


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September 06, 2019, 03:40:45 PM
 #9

Actually that would really make him a bad person, putting his name on a project he doesn't have a clue what is about.

Well, true. But just to be more specific, another possibility is that this small team of developers were like "we're going to create a blockchain/platform for yadda yadda!", with them not informing Akon that there are already decent existing platforms to use right now; and of course Akon approves because of the "blockchain tech" "decentralized" and etc terminologies. If this is the case, this makes Akon really reckless for not asking for a second opinion towards the proposal, but I don't think I would necessarily call him a "bad person" for this.

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September 06, 2019, 03:48:32 PM
 #10

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/

unfortunately that has turned into a trend for a couple of years now. basically anybody who wants to make a ton of profit starts creating an unnecessary coin and makes money from that. they use excuses such as "helping the world" or solving some imaginary problem to do it too.
and they are going to keep doing it as long as it is profitable. if people stopped buying these useless coins, we would have never seen the altcoin count enter 4 digits let alone reach 3000!

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September 06, 2019, 03:54:50 PM
 #11

Akon, popular personality who is known to the world through his songs and music now opens about the needs of bitcoin and briefs more about it on an interview to the Breakfast Club Power 105.1 FM.
Akon is pro bitcoin for a very long time and he explained about the need of bitcoin and exposed the real face of paper currency, the fact is that not everyone think about paper currency as a promise to pay and it is not certain that it will have the same valuation and he very well termed everything in this interview and with time i am sure majority of the people will understand the concept and start using bitcoin and one thing i am certain is that another economic crisis will attract everyone into bitcoin Grin.

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September 06, 2019, 04:48:22 PM
 #12

Not that I'm against Akon or any of what he's doing but apparently this will just be another one of those coins that would be flooding the market without any solid use-case. He got me at the term "exclusive" meaning this is not, in any way, be those coins that will have the least form of charity towards some people and would be a straight-up profit-making machine for Akon and his followers.

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September 08, 2019, 05:23:34 PM
 #13

I have always clamored for the need of our entertainment industry to embrace cryptocurrency, there was a rumor one time that 50 cent did an advert during the time bitcoin was released and was paid about thousands of the coin which he kept, I don't now know if he has sold the coins or not, but if he had not sold it, I am sure it would have been some of the things that would encourage super stars like Akon and the rest to also pick interest.

Akon is the first musician I think that will openly declare his support for bitcoin, but I am surprised that he is coming up with his coin, and I hope that someone didn't just want to take advantage of that now to quickly create a fake coin, because people like to take advantage of thing a lot and Akon is too dear to people and too popular that scammers can easily raise money with his name.

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Chickal
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September 08, 2019, 05:32:39 PM
 #14

I think it's good he's talking about bitcoin, but akoin? hell no
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September 08, 2019, 06:24:11 PM
 #15

I dont trust celebrities promoting their own coin which is basically useless. They expect to get bigger adoption using the name of a famous person.
Celebrities who give them permission to do so dont care about the consequences as long as they get paid. 

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September 08, 2019, 06:26:02 PM
 #16

For people looking at this the bad way Akon as of the present is not known for his music anymore but for the charity and generosity he is giving towards Africa. One of his recent projects is he is planning to give electricity to 600 million Africans for their homes, and if "Akoin" is part of his plans to raise up funds and speed up the process then I think we need some time to think it into our considerations, unlike other celebrities or sports celebs like Pacquiao the crypotocurrency of Akon is planning to make has a point in helping and not about making himself much richer. With a good background on helping the poor in that continent and still has the desire to help again I think we shouldn't discredit him just because he is using his popularity to create his own cryptocurrency, I mean he's not like Zuckerberg creating a new crypto for profit after all.

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September 08, 2019, 06:48:46 PM
 #17

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/

unfortunately that has turned into a trend for a couple of years now. basically anybody who wants to make a ton of profit starts creating an unnecessary coin and makes money from that. they use excuses such as "helping the world" or solving some imaginary problem to do it too.
and they are going to keep doing it as long as it is profitable. if people stopped buying these useless coins, we would have never seen the altcoin count enter 4 digits let alone reach 3000!
I don't think it's going to be the trend much longer. It's only people who don't get it that the situation has changed significantly that are still trying to succeed by creating their own coin. The current tendency seems clear to me: Bitcoin is recovering, altcoins are dying. It's a greedy and also impractical move these days to make one's own token and rely on it. It makes more sense to adopt Bitcoin or at least one of the main cryptocurrencies. It's great if Akon is really trying to bring electricity to people, but I think that creating another token when there are already so many of them was a mistake.

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September 08, 2019, 10:13:05 PM
 #18

Adoption of Bitcoin among new people especially popular is great. However, for me, the most important thing is that people understand the real value of the coin, because many see bitcoin only as a way to make income on trading and no more
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September 08, 2019, 10:34:05 PM
 #19

I think that will be a good start up for Africa and crypto
Bitcoin is appreciated and known in Africa so the movement of cryptocurrency there is on the trend.

Akin intends to start his own coin; please don't do that.
Starting a coin because you like bitcoin no it's not what's going to support bitcoin. Entrepreneurs should cut cryptocurrency some slack. Don't start up a coin because you see the cash rewards it might get
He's already doing that and he's very much aware of bitcoin and knows what he's doing. As much as possible we don't want to see anymore of those personal named coins or another altcoin that will add to the crowd of alt coins so that everyone can focus to bitcoin.

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September 08, 2019, 10:54:50 PM
 #20

akon's engagement for africa is really nice to see, he's doing this for loooong looooong time now.
but i don't understand why he creates his own coin now? we have enough already, he could support an established one. i have read in the past that electroneum is also doing massive engagement to bring adaption of their coin to africa. so why not supporting this one instead of creating his own thing... Roll Eyes

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