Mildred

"there are only ~400 holders" is not a fact Martlet
"there are ~400 holders" is a fact
"only" is just you
😀
 

From GATA
A senior Russian lawmaker has suggested that Moscow should turn to cryptocurrency backed by gold for payments in Russian arms exports to evade financial sanctions from the West. ... Pointedly, the lawmaker called on the government to switch to a cryptocurrency as a means of avoiding U.S. dollar-based commerce and dependence on the global interbanking system operated by SWIFT, an organization that has been influenced by U.S. interests in the past.
It looks like there is a job vacancy for Kinesis in Moscow 😀
 

Andrew Maguire Says Major German Bank Just Refused To Hand Over Client’s Physical Gold
Following at least 10 similar reports to us of banks refusing to deliver clients’ physical gold bars, this week a very wealthy client sought to remove 500 kilos of his physical gold from a German bank for safekeeping in a secure, independent vault. The bank refused delivery of his gold bars.
https://kingworldnews.com/major-alert-andrew-maguire-says-major-german-bank-just-refused-to-hand-over-clients-physical-gold/
 
This is no refusal to do business, this is refusal to deliver.
Are these clients going to sue? How many refusals do we need to see this news on the financial MSM? Or are they going to report on this only after the banks are declared guilty?
 

How would it be stopped? i think the Isle of Man registration was a way to stall Kinesis. Now they are in the Cayman Islands. The usual suspects have legal frameworks whereby they can control, steal and tax (aka stealing). They operate by those rules. Kinesis currency is simply a digital title of ownership recorded on the Stellar blockchain. It can be used as a means of exchange and there is a small fee involved in the transaction which rewards those who stumped up the cash and metal to power the system. It is a commodity system with transferable title of ownership. The usual suspects push internationalism - well Kinesis flew to another place with other rules. They cannot reasonably stop Kinesis. The threat Kinesis offers is it is 100% backed with precious metal - no hypothecated to infinity gold. You own the gold and no other has a claim. They can try to stop gold purchases into the vaults - they did that already in the run up to BullionCoin but when they are potentially 1000's of conduits, what are they going to do? close the gold markets?
There will be a reset. A repricing of gold has the potential to sorting out balance sheets - an asset at $1250/oz becomes $12 500/oz. The end of the present system is inevitable and you will know about after it has happened. Steve you have gold in hand. You are your own central bank - you are sovereign.

i have been very busy elsewhere but here is posted the new timeline for Kinesis from the blueprint.
Tom has spoken to the Ambassadors.
The money for Kinesis is sufficient - more than.
The establishment of Kinesis in the Cayman Islands does not have the obstacles which were present in the Isle of Man - we can speculate as to whether the registration problems by the authorities were a tightening up on cryptocurrency regulation over recent months or we could speculate as to whether this was an attempt to stall Kinesis from launching. Cayman Islands Kinesis is more straight forward and Tom has told us so.
It is not a issue of IF Kinesis blasts off to help create the new paradigm, it is WHEN - and here is the new timeline.
 

THIS. Especially since I do SEO for a living - people underestimate its real value and potential. 

To the Honorable Sixgun
Kinesis' Ambassador to The Silver Forum
 
 
 
 
Thanks a lot for the insider infos. Keep them coming
?

End of manipulation, market disruptions...
Maguire went to the CFTC in NY as a whistle-blower.
At the end of his deposition about the manipulation of the silver market and his demand of end it, the reaction of other side was Yes but what about the economic consequences. Maguire understood they were going to do nothing about it. Privates had to end it by themselves. Maybe, that was the beginning of Kinesis.
Let's play the devil's advocate.
There is this line, Be careful for what you wish because it could take place. Something like that.
Reset. Market disruptions. Only PM markets? Maybe currency markets too. Currencies disruptions? Hyperinflation?
Is it better to be an above water bum within a rich neighborhood or a rich within a neighborhood of paupers?
Some people know guns, defence, security etc. I don't. I would sink gloryless within two weeks
What I'm just saying is I'm not sure that PM investors will be better off after the upcoming reset, at least not all

Some perspectives:
1. This venture is attempting to create an entirely new currency to compete with existing ones. This is so ambitious that governments and central banks are likely to try to put a stop to it. The corporation may be based in friendly jurisdictions, but if major governments outlaw its use, or even just regulate it so heavily that it becomes too irksome to use, customers in most countries will not use it. Financial regulators are already gearing up to regulate cryptos. The cryptocurrency space will not remain a wild west indefinitely. The case for banning cryptos will be the same as that for banning cash: it is used by criminals, drug dealers, money launderers, terrorists, etc. Not a good argument, of course, but it carries weight with the ignorant.
2. At a minimum, regulations will require proof of identification, proof of source of funds, anti-money laundering provisions, and FATCA style disclosure requirements. Switzerland, Singapore and Lichtenstein may be sovereign states but they are coming under huge pressure to comply with regulations like these. Some financial institutions have avoided trading in cryptos precisely because they couldn't prove source of funds.
3. Price volatility may become an issue, as it has for other cryptos. Speculators in gold and silver have simpler ways to expose themselves, including leveraged vehicles. Users who just want to transact worldwide at low cost can use Litecoin or the Bitcoin lightning network. Yes, they're not backed by anything but confidence, but most users are unlikely to care: they'll go where the fees are lowest.
4. Cryptos generally are not ready for mass adoption because they are too awkward to use for the non-tech-savvy. You have to install wallet software on your computer and smartphone and learn how to make safe copies of your keys to cold storage. You also have to worry a lot more about security. One piece of malware and all your crypto has gone and is never coming back. Smartphones are completely and utterly insecure. They are designed to share information and that is what they do. You should never put any data on a smartphone that you would not wish the whole world to know. John McAfee has been working on the design of a secure smartphone, but it is likely to retail at $1000 or more. Most people do not know how to secure their computers adequately. This might be less of a problem for Kinesis, if it is centrally managed, but there still remains the issue of user authentication. With my bank, I need my card and PIN to log in to online services, and I have several other channels for authenticating myself if I need to. Without two factor authentication with physical tokens I would be reluctant to trust a transactional money system.
5. Gold backing is nice, but if there is a systemic financial collapse, governments might decide to ban all private ownership of gold. Even if the gold is safely stored in Switzerland or Singapore, it doesn't help me if I can't get it, and I am forced to sell it to the central bank at some nominal price.

Whisky... gin... rum... wine or ale 

You don't have to do anything - only slaves have to do things. If the entity enacting the transaction is under UK jurisdiction perhaps but if it isn't......
You are free to arrange your business in ways that avoid pilfering by so called authorities. There is nothing to stop a person injecting KVT's into an offshore company in a jurisdiction that does not tax income gained outside that jurisdiction.

Hello everybody,
I just wanto to point to your attention, that this is one of the very few threads worldwide about Kinesis.
Plus, thanks to sixgun's lenghty and keep-it-simple explanations, it is AFAIK the best one.
This is the best source of information for Kinesis newbies worldwide. You don't need to believe me. Try to google around and you'll see
You are very lucky having sixgun here and you should be very thankful to him for the time and efforts he is spending here for us on this issue
I was interested in Kinesis some time ago. After long searching I landed on thesilverforum thanks to his posts
There is a kinesis community on telegram, created 3 weeks ago, but the comments over there are not very helpful for people (me) who haven't yet understood kinesis
Thanks sixgun

sounds great in theory, I was replying to a request
one thing though, if the gold price does reset to £5k or whatever that'll mean the end of my sovereign collecting days

Hello everybody,
I just wanto to point to your attention, that this is one of the very few threads worldwide about Kinesis.
Plus, thanks to sixgun's lenghty and keep-it-simple explanations, it is AFAIK the best one.
This is the best source of information for Kinesis newbies worldwide. You don't need to believe me. Try to google around and you'll see
You are very lucky having sixgun here and you should be very thankful to him for the time and efforts he is spending here for us on this issue
I was interested in Kinesis some time ago. After long searching I landed on thesilverforum thanks to his posts
There is a kinesis community on telegram, created 3 weeks ago, but the comments over there are not very helpful for people (me) who haven't yet understood kinesis
Thanks sixgun

I think you pays your money and you takes your chances.
I think it's important to see that a lot of things are going on here including but not limited to, (1) a block-chain currency, (2) certificates of deposit for a commodity (i.e. representative money for gold and silver deposits at what amounts to a bullion bank and the inherent counter-party risk associated with that), (3) social media promotion of a private businesses services, (4) speculation as an investor in financing a private businesses project and the associated risk/reward, (5) the realistic potential for a collapse of established systems (i.e. the dollar, U.S. debt, gold and silver commodity markets, etc), (6) the potential end of the petro-dollar (i.e. competition with the petro-yuan, for example) and efforts to decouple world markets from the risks associated with U.S. deficits and debt, (7) our position in the business cycle, the frequency and potential for a bear in various markets, and the potential for near term deflation, (8) bubbles and the madness of crowds, youth's attraction to shiny new things, the advantages of being "first" vs being well positioned, etc, and (?????, various other x factors that cannot yet be perceived) ...

well if you mean me.....
It's not something I've looked at closely. I hope it works.
It smacks too much like alternative investment schemes for me, I'm too old for gambling on such things; been stung and done very well out of schemes in the past but no more.
I didn't gamble on cryptos and probably missed out on large profits with bitcoin but I don't mind.
I'm not bothered about the alleged convenience of a gold-backed currency but I'm happy to ride it's success if it works and forces a re-set in PM prices, which will suit me quite nicely as I have lots