Despite his apparent pessimism, Livingston maintains that digital currencies have created an “enormous incentive,” primarily due to the billions of dollars involved:“Today, the ‘Bitcoin computer’ is 100,000 times more powerful than the top 500 supercomputers in the world combined.”
The “Bitcoin computer” is a worldwide network of participants validating and running the Bitcoin protocol on their personal computing devices, effectively creating an economic system that awards participants with units of bitcoin – which shall hopefully be adopted as the go-to currency in the future.
Similarly, Livingston hopes that Kin be used in the future to allow Kik users to make purchases within the app and to each other.
However, things haven’t been smooth for the entrepreneur. The $100 million project ran into “technical issues” in 2017, indefinitely holding off the launch date of Kin tokens. But, Livingston remains positive about the token issuance happening soon after the problems are smoothened out.
Featured image from Flickr/TechCrunch.