Kinesis Monetary System

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Thu, Oct 1, 2020 - 9:58am
Dingo
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Joined: Aug 15, 2013
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New Kinesis Platform

Thu, Oct 1, 2020 - 7:07pm Dingo
ReachWest
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Joined: Jun 15, 2011
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Improved KMS Platform/Dashboard

The new Kinesis platform dashboard is a great improvement.

I see there is functionality to make requests directly to other users for payment. This looks like a good way to make micro-payments in Gold/Silver. The big stumbling block will still be for users to get fiat funding onboarded. For now - it still looks like a wire transfer process which is costly, time consuming and subject to potential errors.

I have used ETH transfers in the past, which are fast and very cost effective - but it's unreasonable to expect "Grandma" to understand how to do this.

Wed, Oct 7, 2020 - 5:57pm
Phoenix79
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Santa Maria, CA
Joined: Aug 29, 2014
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Received my KVT

I participated in the initial minting offer last summer where if you mint $100k of Kau and or Kag then you receive 1 KVT. I received my 1 KVT last month and I think the email said that network fees would be distributed on Oct. 1st but nothing since then. Anyone else know what is going on with fee distribution to KVT holders?

Sun, Nov 1, 2020 - 4:26pm
JackPutter
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Joined: Sep 24, 2011
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Kenisis in the US

So rules for report a bank account outside the US are a real hassle in reporting. Has this changed and does my funding of an account trigger this? I am assuming that a bank transaction, then obtaining the digital happens next.

I am aware of capital gains and losses reporting, but I don't perceive this account for my purchases. This could change as my perception grows.

I would be a minter if I have the correct idea as a low transaction account.

Shelter with access in emergency is what I desire.

Sun, Nov 8, 2020 - 2:51am JackPutter
Dingo
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Joined: Aug 15, 2013
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Tax Tracking Development

Kinesis are working on integrating cointracking.info API. Hopefully will be announced by the end of this year. The records for the Mint are better than on the KM platform. It's a serious requirement, together with better on/off ramps and hybrid banking, for a Minimum Marketable Product. There are many Accountancy Agencies around the world,that use cointracking.info. Hopefully this will make things easier.

randomness