Gold / silver money standard, will it ever happen?

[HawkHybrid]

3 hours ago, swAgger said:

but it didn't take long before even the free vault storage was brought into question,

 

that's because nobody is giving a valid answer.

for the basis of sound money they could be more

honest and make it simple, where money is

coming in(fees for transaction etc.) and going out

(eg storage fees, system maintenance).

we all know that free services provided by

social services is funded by tax payers money.

(even the government is more transparent than

they currently are)

 

how is the free vault storage being funded?

 

HH

[swAgger]

2 hours ago, HawkHybrid said:

 

that's because nobody is giving a valid answer

 

how is the free vault storage being funded?

 

HH

If interested feel free to research on their website

[HawkHybrid]

2 hours ago, swAgger said:

If interested feel free to research on their website

 

if those who are promoting it as such a great thing

don't even know the answer to basic cash flow

questions...

 

HH

[mr1030]

@HawkHybrid  If you look at page 29 of the Blueprint, it shows a breakdown of how the 0.45 % transaction fees are shared.  20% of the transaction fees are allocated to Kinesis Partners of which ABX and its vaulting partners are part of.  That is how the vaulting fees are taken care of.  No direct vaulting fees are billed to the holders of the currency.  It's taken out of the transaction fees as the currency changes hands.

[swAgger]

2 hours ago, HawkHybrid said:

 

if those who are promoting it as such a great thing

don't even know the answer to basic cash flow

questions...

 

HH

I have no interest in taking part of promoting directly to you or spoonfeeding you information. It was clear you have no genuine interest in the system.

Above, you said of Kinesis - they could be more honest, and, even the government is more transparent than they are. This, of a company that has an unblemished record in the bullion industry for several years. Not to mention a hugely comprehensive and detailed trove of information on their website.

You have already formed and passed judgement without being bothered to look into it. Which is fine too. But ease up on the explain-to-me-now.

[ilovesilverireallydo]

I think @sixgunis our resident expert on Kinesis, maybe he should weigh in...

[HawkHybrid]

8 hours ago, swAgger said:

Above, you said of Kinesis - they could be more honest, and, even the government is more transparent than they are. This, of a company that has an unblemished record in the bullion industry for several years. Not to mention a hugely comprehensive and detailed trove of information on their website.

 

10 hours ago, mr1030 said:

If you look at page 29 of the Blueprint, it shows a breakdown of how the 0.45 % transaction fees are shared.  20% of the transaction fees are allocated to Kinesis Partners of which ABX and its vaulting partners are part of.  That is how the vaulting fees are taken care of.  No direct vaulting fees are billed to the holders of the currency.  It's taken out of the transaction fees as the currency changes hands.

 

8 hours ago, swAgger said:

You have already formed and passed judgement without being bothered to look into it.

 

I'm accused of pre judging a system when it takes this

much effort and to locate simple important information,

that those who are supposedly interested in it are

either a, unwilling to share such information or b, don't

have easy access to it themselves.

are these not facts?

(because funding and maintenance of the system is so

unimportant that they chose to include it 28 pages later)

 

HH

[PansPurse]

16 hours ago, HawkHybrid said:

how is the free vault storage being funded?

Easy to store what's not there...

[Roy]

C'mon @sixgun 😉

[Groundup]

29 minutes ago, PansPurse said:

Easy to store what's not there...

There are independent third party auditors (Veritas) that verify the physical bullion is there. Abx has a proven track record

Unless you know otherwise!!

[Groundup]

55 minutes ago, HawkHybrid said:

 

 

 

I'm accused of pre judging a system when it takes this

much effort and to locate simple important information,

that those who are supposedly interested in it are

either a, unwilling to share such information or b, don't

have easy access to it themselves.

are these not facts?

(because funding and maintenance of the system is so

unimportant that they chose to include it 28 pages later)

 

HH

It's up to you to do due diligence  and read though the documents. If you head over to kinesis telegram there are plenty of people to answer questions. I'm sure you approach other sites other than the  silver forum for PM information.

[HawkHybrid]

6 minutes ago, Groundup said:

It's up to you to do due diligence  and read though the documents. If you head over to kinesis telegram there are plenty of people to answer questions. I'm sure you approach other sites other than the  silver forum for PM information.

 

I asked one simple question to those who are

claiming that kinesis should be the next big thing.

I wasn't asking for the life and history of all those

involved in kinesis. I wasn't doing due diligence, it

was a passing comment/question.

(it was intended in relation to gold as a monetary

standard, but hours later we're still stuck on kinesis:

the be all and end all)

(didn't @sixgun create a kinesis thread somewhere)

 

HH

[Groundup]

You question about storage has been answered

[TonyS]

50 minutes ago, Groundup said:

There are independent third party auditors (Veritas) that verify the physical bullion is there. Abx has a proven track record

Unless you know otherwise!!

I assume you mean Bureau de Veritas.

I wouldn’t trust them as far as I could throw them. Two major multinationals have thrown them off UK sites. I had the pleasure of evicting them out of an office block at 01:00 in the morning. At 02:00 I refurnished my office with stuff I reappropriated.

[Groundup]

10 minutes ago, TonyS said:

I assume you mean Bureau de Veritas.

I wouldn’t trust them as far as I could throw them. Two major multinationals have thrown them off UK sites. I had the pleasure of evicting them out of an office block at 01:00 in the morning. At 02:00 I refurnished my office with stuff I reappropriated.

Who were the multinationals you are talking about if I may ask.

[TonyS]

You may ask but I'm not telling. I worked for both companies and they pay my pension. 

[Groundup]

8 minutes ago, TonyS said:

You may ask but I'm not telling. I worked for both companies and they pay my pension. 

Ok

Can you point me in the right direction to verify your claims myself.

[Groundup]

I wouldn’t trust them as far as I could throw them. Two major multinationals have thrown them off UK sites. 

Also..How long ago was this.

[PansPurse]

1 hour ago, Groundup said:

It's up to you to do due diligence  and read though the documents. If you head over to kinesis telegram there are plenty of people to answer questions. I'm sure you approach other sites other than the  silver forum for PM information.

See, tyhe thing is, all the amazing returns on Kinesis hinge on there being a huge number of transactions per day. That is, it works great if there's a mass amrket using it for high frequencies of trading. But the product itself is nebulousy hidden amongst dozens of pages of self-agrandizing bumf. If people have to put in that much work to properly understand the product then it's never going to have the mass-market that it needs in order to work.

[Groundup]

3 minutes ago, PansPurse said:

See, tyhe thing is, all the amazing returns on Kinesis hinge on there being a huge number of transactions per day. That is, it works great if there's a mass amrket using it for high frequencies of trading. But the product itself is nebulousy hidden amongst dozens of pages of self-agrandizing bumf. If people have to put in that much work to properly understand the product then it's never going to have the mass-market that it needs in order to work.

It's true velocity is key to the numbers working especially for the figures in the blue print. Saying that there is a calculator were you can adjust the valuations to get numbers your more comfortable with.

The initial KVT investment document is a minefield to get your head around the team behind it have made no secret of the complexity of this monetary system this is why it's suited to individuals who are willing to put the efforts in to do there homework.

The product you mention is the Kau/kag... Gold and silver...these are not really that hard to understand especially to a large portion of the world.

[mr1030]

1 hour ago, HawkHybrid said:

 

I asked one simple question to those who are

claiming that kinesis should be the next big thing.

I wasn't asking for the life and history of all those

involved in kinesis. I wasn't doing due diligence, it

was a passing comment/question.

(it was intended in relation to gold as a monetary

standard, but hours later we're still stuck on kinesis:

the be all and end all)

(didn't @sixgun create a kinesis thread somewhere)

 

HH

If Kinesis doesn't appeal to you, more power to you.  It isn't going to appeal to everyone.  But you asked a "simple" and "passing" question about vaulting costs, and when someone answers that question, instead of simply saying thank you for the information,  you bitch about how the answer to your "simple" and "passing" question wasn't deemed important by Kinesis because it was on page 29 of the blue print.  BTW, page 29 of a 54 page document trying to describe a large, complex system.  There was limited room on page 1 to put the one nugget of info you were interested in to make it easy for you to find.   I would hazard a guess, that I probably spent more time and effort looking for that one piece of information for you (which I already knew but wanted to get the specific source location for you), then you have spent reading about  the basics of the system.  That is fine too.  One of the great things about this site.  People willing to answer each others questions.  If some others are accusing you of being negative on Kinesis, it's because that is exactly what comes thru in every comment you have made above.  Kinesis has dominated this thread for the last hours (as you complain about) because of you not letting it go.   If you are not interested in it, then just let it pass.

[PansPurse]

Well, this thread is certainly helpful for seeing who's drinking the Kool Aid

[sixgun]

Cricky - i did not realise my name was being taken in vain. i have been so busy keeping order on the Kinesis Telegram threads. i will read through the commentary here and reply.

[mr1030]

And for who likes to make small petty comments.

[Groundup]

11 minutes ago, PansPurse said:

Well, this thread is certainly helpful for seeing who's drinking the Kool Aid

Well that kool aid is mixed with a dose of  property paid off in full... good health... secure stack... Good income. No debt.. crypto..and most importantly... knowledge. Thank you very much. So I'd say.. a  high risk investment that I can afford to lose.. iis what!!!

   Forgot the family... lol