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Kinesis
#31
I signed up to Kinesis using your referral link. I don't know if you have looked at the company behind at all. If not I think we should do it before you put money into them.
Cardano is the most promising 3 gen. crypto right now.


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#32
I know that this would be the same but I would rather lose $1k worth of crypto than $1k worth of gold. Gold seems more real and therefore the lose would be more real.

I do not think Kinesis is any less trustworthy than most other companies but I would not put my house on them for sure (just now).
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#33
(2019-10-14, 11:19 AM)BobBobert Wrote: I know that this would be the same but I would rather lose $1k worth of crypto than $1k worth of gold.  Gold seems more real and therefore the lose would be more real.  

I do not think Kinesis is any less trustworthy than most other companies but I would not put my house on them for sure (just now).

I kind of feel the same as you bob, but decided to go through the KYC anyway. Has not transfered any funds to them. Not clear about the total cost of buying gold/silver at their exchange.
Cardano is the most promising 3 gen. crypto right now.


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#34
(2019-10-14, 01:53 PM)Carsten Wrote:
(2019-10-14, 11:19 AM)BobBobert Wrote: I know that this would be the same but I would rather lose $1k worth of crypto than $1k worth of gold.  Gold seems more real and therefore the lose would be more real.  

I do not think Kinesis is any less trustworthy than most other companies but I would not put my house on them for sure (just now).

I kind of feel the same as you bob, but decided to go through the KYC anyway. Has not transfered any funds to them. Not clear about the total cost of buying gold/silver at their exchange.

Bob, this is some kind of strange.
If you lose 1K when buying RIMBIT or 1K with buying gold or 1K with buying tea spoons, ... it looks the same, it feels the same.
What is this thing that builds our dreams, yet slips away from us?

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#35
(2019-10-14, 07:20 PM)Hugues Wrote:
(2019-10-14, 01:53 PM)Carsten Wrote:
(2019-10-14, 11:19 AM)BobBobert Wrote: I know that this would be the same but I would rather lose $1k worth of crypto than $1k worth of gold.  Gold seems more real and therefore the lose would be more real.  

I do not think Kinesis is any less trustworthy than most other companies but I would not put my house on them for sure (just now).

I kind of feel the same as you bob, but decided to go through the KYC anyway. Has not transfered any funds to them. Not clear about the total cost of buying gold/silver at their exchange.

Bob, this is some kind of strange.
If you lose 1K when buying RIMBIT or 1K with buying gold or 1K with buying tea spoon, ... it looks the same, it feels the same.

Yeah...loosing is loosing and we don' like loosing.
Cardano is the most promising 3 gen. crypto right now.


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#36
I know it is the same in reality but gold is much more real than crypto! I would not choose to lose either Smile

Is Kinesis better than having say BTC?
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#37
I can't answer if gold is better having than crypto.

If there is a global meltdown then moving gold around is cumbersome. With crypto it's easy as long as we have power of course.....

If the world continues like now I would right now bet on crypto instead of gold.
Cardano is the most promising 3 gen. crypto right now.


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#38
(2019-10-15, 11:47 AM)Carsten Wrote: I can't answer if gold is better having than crypto.

If there is a global meltdown then moving gold around is cumbersome. With crypto it's easy as long as we have power of course.....

If the world continues like now I would right now bet on crypto instead of gold.

It seems no one understands this KINESIS thing.
Carsten is correct by saying moving gold around is cumbersome and crypto is easy to manage.
Just for this reason there is KINESIS. It is fysical gold and silver combined with crypto.
You don't have to walk around with this mass of gold or silver, you move it blockchain-wise. KAU and KAG.
You should take your time to read all about this KINESIS.

Maybe you should start with this: https://kinesis.money/user-guides/

Maybe this can help a bit to understand that now you can use gold as means of payment with ease.

Travel Use Case

Travel agencies and other businesses with an international client and user base are faced with having to accept client payments in multiple currencies and payout – often in a different currency – their suppliers. This costs them time and money and is a highly inefficient system.

THE PROBLEM

Currency conversion is costly – the rate quoted by a bank or available from a high-street currency dealer is often very different to the rate provided on the evening news or local high street currency exchange points.
It is also very time-consuming to process international payments through traditional means, often resulting in several days clearing time from transfer to receipt.

For example: if a travel agency in Singapore received a booking from a client in the US for a holiday in Europe, that agency would need to receive a USD payment from the traveller and pay EUR to the hotel in Europe. This payment process, using existing banking systems is time-consuming and expensive.

THE SOLUTION

Using the Kinesis Blockchain Network (KBN), a US traveller could pay a European business in Kinesis currencies for a flight, hotel or experience. The business could then sell the received KAU for EUR on the Kinesis Exchange, or hold the KAU for other uses, such as spending on the Kinesis debit card.

This transfer is done outside of the banking system, the value of the transaction is based on the price of physical gold – not on an exchange rate skewed heavily in favour of an international remittance provider or bank, the only fee charged for the transfer is 0.45%, and the transaction is completed almost instantly.
What is this thing that builds our dreams, yet slips away from us?

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#39
You don't get hotels to accept KAU (gold), but only Euro/USD or whatever fiat the country uses.

I saw that they had a credit card. It must be for the case you describe here.
Cardano is the most promising 3 gen. crypto right now.


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#40
There is one thing about Kinesis that is violating your own principles Hugues and that is that it's centralized. Don't keep your money at exchanges. Same here or what? Don't keep your money at Kinesis.... I haven't studied it enough but I believe it's running on the ETH blockchain and in that case you could have your KAU, but if Kinesis don't exist as a company the KAU are worthless.
Cardano is the most promising 3 gen. crypto right now.


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