Livingston has an uncanny knack for anticipating tech trends. The platform grew from a 2009 streaming music service for RIM’s Blackberry phone, into the first chat app that let Blackberry users message friends with i Phones.

It then morphed into the first chat app to allow companies to create bots.

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Rather, they had something no digital good had ever had before: Scarcity.

The reason gold holds its value is that no one can make more of it.

Unlike Bitcoin, where anyone can mine uncirculated Bitcoins, the only way to mine Kin is to make cool stuff.

Last month, Kik sold almost 1 trillion Kin tokens to around 10,000 people.

The game was: Keep on taking VC cash until you can build enough scale to compete with Facebook and Google for advertising dollars.

But if Snapchat had raised .7 billion in venture capital and still couldn’t sell enough ads to cover the cost of acquiring its users, what hope was there for anyone else?The key feature of Bitcoin and other cryptocurrencies is that only a fixed amount will ever be created.Not all of it goes into circulation at once; rather, a reserve is gradually released over time.The filings revealed that Snapchat’s user growth was starting to level off.Snapchat was the darling of the investor community, in part because it had played the game so well.Those tokens represent only 10% of the total supply of Kin.