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Kinesis

Postby Pixel8r » Thu Mar 01, 2018 10:33 am » Safari 11.0.3 Safari 11.0.3  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Not quite understanding how this is going to work and where the yield is going to come from but this definitely needs a thread. Cryptocurrency combining with physical gold and silver via a physical metal exchange.

Basically, you deposit your gold or silver into their insured vault and are given a crypto coin which you receive a yield on. You can redeem your gold or silver via exchanging your coin.



https://kinesis.money

Kinesis Blueprint - https://kinesis.money/documents/kinesis-blueprint.pdf
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: Kinesis

Postby Pixel8r » Thu Mar 01, 2018 1:02 pm » Safari 11.0.3 Safari 11.0.3  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Here is an email response from JT in regards to Kinesis that I just got;

I’ve not analysed it in detail, but here’s how a friend of mine described it:

"It's clearly a scam. The 'yield' is seignorage income generated only as new users take it up, so it's a ponzi basically. Once growth slows (or stops) the 'yield' evaporates and you're left with worthless tokens. This could, of course, be said of many ICOs. What makes this one shameful is that they are implying that the 'yield' is somehow related to the gold backing, which is complete BS IMO.”

As a consequence of his analysis and because his work has been reliable in the past, I’ve not bothered to look into it.
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: Kinesis

Postby Pixel8r » Thu Mar 01, 2018 1:58 pm » Safari 11.0.3 Safari 11.0.3  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Basically, they are going to be offering a token and a currency coin;

Kinesis Velocity Token KVT - This is the current offering, you can buy this token currently and receive a 25% discount. This token will not be backed by anything but will be limited to 300,000. It will pay you 20% of Kinesis networks transaction fees.

Kinesis Currencies - This will be a suite of digital currencies that will be backed 100% by physical allocated redeemable gold. Supposedly this will also pay you a yield.
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: Kinesis

Postby Pixel8r » Thu Mar 08, 2018 9:11 am » Safari 11.0.3 Safari 11.0.3  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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