Kinesis Monetary System

22 posts / 0 new
Last post
#1 Tue, Nov 6, 2018 - 10:50am
Dingo
Offline
Joined: Aug 15, 2013
298
2284

Kinesis Monetary System

Hi Turdville, Kinesis has a forum on Telegram that is OK, however, it's not a lick on anything like TF metals comments sections.

Tom Coughlan and Andrew Maguire have talked to Turd already in a podcast. I haven't witnessed too much excitement here, and this maybe be somewhat due to US investors requiring to be accredited investors in order to invest in Kinesis Velocity Tokens (KVTs).

Having low credentials as an investor, I'm fortunate to be born outside of the land of the free and home of the brave. I easily secured myself some KVTs - my first crypto purchase. Lucky that there was phone help and easy instructions for support.

I don't expect too much interest here initially, however, if I (and anyone else here??) can post a few items here it might spark some interest in Turdville eventually. If this gets bigger than Ben Hur, I'd hate that long suffering Turdites miss out.

Tue, Nov 6, 2018 - 10:53am
Dingo
Offline
Joined: Aug 15, 2013
298
2284

Ambassadors Webinar

Ambassadors Webinar November
Tue, Nov 6, 2018 - 10:57am
Dingo
Offline
Joined: Aug 15, 2013
298
2284

June 7 Webinar

Tue, Nov 6, 2018 - 11:12am
Dingo
Offline
Joined: Aug 15, 2013
298
2284

My thoughts!

Having KAG and KAU coins will have several benefits to consider. Price stability of having digital ownership of Au or Ag and it serves as a cross border currency, spendable anywhere in the world. Will be able to use ATMs for cash withdrawals or Visa/MasterCard debit card transactions. No loading (selling of gold prior to use) required. Every time metals are spent, a small percentage of all future transactions are to be credited to your wallet based on future velocity. A little like accumulating frequent flyer points, except, it's gold and silver. Hoarding metals gets a yield too. Minters can purchase metals, and get yields when they sell or send them. This could be done ad infinitum. In high inflation or hyperinflation, market cap from precious metals infiltration and velocity from being a reliable form of payment, could become astronomical and so too yields.
Tue, Nov 6, 2018 - 11:18am (Reply to #4)
Dingo
Offline
Joined: Aug 15, 2013
298
2284

Kinesis Blueprint (Might require some re-reads)

Tue, Nov 6, 2018 - 11:56am (Reply to #5)
Dingo
Offline
Joined: Aug 15, 2013
298
2284

Turd's Interview with Tom Coughlin

Tue, Nov 6, 2018 - 12:35pm
Dingo
Offline
Joined: Aug 15, 2013
298
2284

Grant Williams Gold Standard

Tue, Nov 6, 2018 - 12:58pm
Offline
-
Hiding in the lava tubes northwest of Flagstaff
Joined: Jun 22, 2011
4191
47451

Hmmm ...

Dingo, I am interested. Are these links the best place to learn more about it?  I was hesitant to jump into bitcoin, simply due to ignorance and reluctance to embrace new tech.

Tue, Nov 6, 2018 - 8:00pm (Reply to #8)
Dingo
Offline
Joined: Aug 15, 2013
298
2284

Dr J

I wasn’t a crypto currency enthusiast at all. I struggled to understand what all the fuss is about. It’s important, I think, to distinguish between the Distributed Ledger (Blockchain) and Cryptocurrency. 

The Blockchain is open source like email. It has no inherent value, however, does seem an amazing way to have a trustless medium for storing and exchanging contracts. In Kinesis’ system, gold and silver that are already vaulted (no paper), ownership contracts are represented by ticker codes like KAG and KAU (and other wholesale codes). 

The blockchain also calculates yields based on pooling and dividing 0.45% spending charges (not unlike credit card charges to retailers)  and income generated at a commercial center. KVT coupon holders don’t directly own underlying metals like KAG and KAU, however, the 300,000 KVT coupons get the largest chunk (20%) of this pool of money (paid in gold or silver). KVTs are also stored on a different blockchain and wallet to KAU and KAG for good reasons (technical). I have purchased quite a few KVTs because the yields could become ridiculously high if the system is even moderately successful. Unlike bonds, there is no expiry and there’s no possible dilution of the 300,000 KVTs. The trading price for KVTs would be magnified exponentially if yields were high, but, who would sell a goose laying golden eggs?

There’s a lot to learn about minting, holding, and other ways of generating yield. I won’t go into it because I’m still learning and still very cautious. I may end up having my pay paid into my KAG/KAU wallet and use the debit cards and payment system as my bank account for everyday use. I’ll get yields back slowly over time for every gram I spend.

Tue, Nov 6, 2018 - 8:03pm
Dingo
Offline
Joined: Aug 15, 2013
298
2284

altan.bahtiyar is a good representative

altan[dot]bahtiyar[at]kinesis[dot]money

He's in London and talked me through a few things. Nice bloke.

Wed, Nov 7, 2018 - 7:37am
Dingo
Offline
Joined: Aug 15, 2013
298
2284

Whitepaper

Wed, Nov 7, 2018 - 2:57pm
Blythesshrink
Offline
-
UK
Joined: Oct 19, 2011
1020
4915

https://medium.com/@kinesis

Wed, Nov 14, 2018 - 1:03am
Dingo
Offline
Joined: Aug 15, 2013
298
2284

JV with Indonesian futures exchange

Mon, Nov 19, 2018 - 8:08pm
Marcrward
Offline
-
Aurora, CO
Joined: Mar 12, 2016
877
3333

The problem with Kinesis is

The problem with Kinesis is it is not legal tender, therefore you owe taxes on any purchasing power gains.

Sadly no one understands that having to pay taxes in the future gives the banks their going concern... so I came up with a better solution.

Mon, Nov 19, 2018 - 8:11pm
Marcrward
Offline
-
Aurora, CO
Joined: Mar 12, 2016
877
3333

Escape The Fed

use U.S. Mint Dollars of Silver held in Trust that earn a yield based upon the transactions across the network. Include POW cryptocurrencies in the Trust and you owe no capital gains on exchanges and enable deferred income if you do withdraw your certificates from the Trust. Now you have non taxable property (U.S. Mint Dollar of Silver) with a yield, utility and no holding cost as the Trust fiduciary will cover these expenses. The Trust has no income, just holds property. www.escapethefed.com
Wed, Nov 21, 2018 - 10:05pm
Dingo
Offline
Joined: Aug 15, 2013
298
2284

Thanks Marc

Sounds like you've developed a system with some parallels. I hope it goes well for you and your team.

Paying taxes is obviously a big thing to consider. I tend to pay taxes to avoid bigger fines and going to jail. Not that I disagree with your argument about taxes propping up the system, but I'm happy to avoid these penalties.

The biggest risks to any system is failure to catch on. This goes for Kinesis and any system. Paying taxes and legal tender issues are small issues compared to failure to launch properly.

Fri, Nov 23, 2018 - 9:05pm
Dingo
Offline
Joined: Aug 15, 2013
298
2284

Yield calculator

Sat, Nov 24, 2018 - 10:58am (Reply to #17)
Dingo
Offline
Joined: Aug 15, 2013
298
2284

New video

Kinesis ICO Interview: Can Gold Make Cryptocurrency More Viable?
Mon, Nov 26, 2018 - 6:13am
Dingo
Offline
Joined: Aug 15, 2013
298
2284

https://saudigazette.com.sa

Mon, Nov 26, 2018 - 6:22am
Dingo
Offline
Joined: Aug 15, 2013
298
2284

From telegram

More thoughts for the day:- Did you know:- • Title to your allocated gold is with the Kinesis user at all times • When you give money to the bank you lose title and incur a counter party risk, eg. bail ins. • Crypto exchanges hold title which is why they attract hackers and your coins can get stolen. • Blockchain is transparent • Gold Money is a centralised platform whereas Kinesis is decentralised • None offers a complete money system • Only Kinesis solves Gresham Law by giving an incentive to use gold by paying a reward in perpetuity.
Wed, Nov 28, 2018 - 8:57am
Dingo
Offline
Joined: Aug 15, 2013
298
2284

Good explanation

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.

randomness