This is not my redemption experience (I’m keeping my KAG in Kinesis), but user TrustingHorse shared his redemption experience in this thread on Reddit this week. The summary: Fees: .45% (~$20) + $100 + $125 shipping. = ~$250 Calls to his local dealer indicated a $6 premium – $1,200 versus the $250 Kinesis charged. Premium … Read More “Kinesis Redemption Experience from Reddit” »
I’ve mentioned Sound Money a few times, and it’s one of the reasons I’m such a big supporter of Kinesis. But I’m not sure I’ve ever defined it. Money Basics In my first college economics class, we learned money has three roles: medium of exchange store of value unit of account The currencies we use … Read More “What is Sound Money, Anyway?” »
Most Kinesis are familiar with the way yields are mapped out. (If you’re not, the short summary is that there’s a 0.22% – 0.45% fee for purchases/transfers, and that fee goes into the master fee pool, and each month that is distributed to participants in the system.) Today that changed: it was announced in today’s … Read More “Kinesis Introduces Velocity Yield” »
Kinesis KAU is backed 1:1 with gold, and offers a yield that so far is about 3% annually.
Today Kinesis sent out the first holder’s yield payments. For the first time in history physical gold and silver produce a yield. Let’s define what we’re talking about What is Kinesis? Kinesis is an asset backed digital currency. Kinesis has two components: Vaulted precious metals storage. Allocated, audited, insured, deliverable, and stored in 8 countries … Read More “I’m getting paid to store my gold and silver with Kinesis” »
People are talking about inflation again You’ve probably seen an image like this one posted on social media. Talk of inflation is more and more common of late. As I write this (June, 2021): The CPI is reported as 4.2%, but 10 year Treasuries are yielding 1.528%. According to official measures, if you purchase Treasuries … Read More “Why Gold and Silver tokens?” »
Kinesis.money, as I see it, is about sound money in the 21st Century. This has to be more than just physical metal. Wanna buy my car? Let’s start with a simple example. The average price for a used car in 2020 was around $22,000. So let’s pretend you are looking to buy a used car, … Read More “Why bother with the blockchain over physical gold/silver?” »