Kinesis [KVT]

Discussion in 'Digital Currencies' started by Jonesy67, Mar 20, 2019.

  1. Jonesy67

    Jonesy67 Well-Known Member Silver Stacker

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    Has anyone looked into Kinesis at all?

    Kinesis is a yield-bearing digital currency based on 1:1 allocated physical gold and silver. The vision for Kinesis is to deliver an evolutionary step beyond any monetary and banking system available today.

    https://kinesis.money/en/

    https://kinesisgoldhunt.com
     
  2. NlightN

    NlightN Member Silver Stacker

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    Id like to get some opinion on KVT?
     
  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Just a cursory glance at it: when choosing to invest in crypto one of the questions you ask is “What real-world problem is being solved by adopting blockchain technology that can’t be better solved using another solution?”

    IN regards to KVT I can’t think of any.

    If you want to buy gold or silver buy physical or unallocated. If you want to buy crypto-currencies buy one that has an advantage over traditional means in offering a solution to a real-world problem.
     
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  4. bron.suchecki

    bron.suchecki Well-Known Member

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    Similar question was asked over on Peak Prosperity, I left some comments there https://www.peakprosperity.com/forum-topic/kinesis-a-goldbug-stablecoin/

    In simplistic terms it is basically just a crypto/blockchain extension of ABX's existing business. As to the yield angle, there are a few other gold cryptos offering transaction revenue share but IMO I don't think that is going to generate much for holders as I agree with my former boss, Keith of Monetary Metals, that people do not spend gold because people spend their income, not their savings. Your income comes in fiat and you save any left over in gold.
     
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