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The basic engine of value creation is simple: If people actually use Kin, its value goes up.

Getting them to use it means creating things they want to buy; creating things people want to buy means incentivizing developers to dream up fun stuff.

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.

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Unless you’re doing something sketchy, it doesn’t make sense to convert real money into Bitcoin.The goal is for Kin to align the interests of everyone using Kik.Developers will be rewarded for creating great apps; users will have a way to purchase goods and services while keeping Kik ad-free.He realized that chat would become the central organizing app of our digital lives, and early on created a way for outside developers to create mini apps that operate inside the chat experience.The moment he knew Kik’s existing funding model was doomed, says Livingston, was the day Snapchat filed the paperwork to go public.