After the Global Financial Crisis in 2009, i started moving some FIAT ( Government issued Currency) into Gold, Silver and more recently into Cryptocurrencies. The problem is, there is no really easy way to spend these at retail outlets for things we need to buy everyday, such as food ... they have to be converted to FIAT first. We have not yet reached a point where people need to use Crypto's too much, and although acceptance of them as a means of Payment is growing, presently only a small percentage use them to transact. Gold and Silver are largely forgotten as stores of value in today's world. Government, Central Banks, and the Media have done a good job of turning the majority people away from the Precious Metals while continuing to buy lots of it themselves. The Spot Prices of Gold and Silver have been on a relentless trend downwards over the last 7 years and most people don't realise that the Spot price does not represent the true value of the Physical Metal. Aside from this, it is not convenient to transact using Gold and Silver in everyday life. However, some exciting changes are on the way.
Here are two future New ways to transact , which i have chosen to take a position in. There are risks involved, so the following information should NOT be taken as Financial advice or recommendations to invest. Always do your own research before making a decision to acquire them.
KINESIS
Kinesis is a new Monetary System which is not yet operational but will be launched soon. Kinesis coins will be backed by real physical allocated Gold and Silver held in secure vaults around the world. You will be able to swap your Kinesis coins for real physical metal if you decide you no longer want your Kinesis coins. In short, if you use your Kinesis Debit card to buy a coffee, you are spending your native currency using your allocated Gold or Silver. The transaction fee will be 0.54%. The real attraction is that Kinesis will pay a multi-faceted Yield. Another huge attraction is that if it is a success, Kinesis , may actually facilitate a the return to fair value for physical Gold and Silver, which will mean freedom from price suppression and market manipulation. Would'nt it be great to see the prices of the precious metals be determined by supply and demand and a free market ? How would Kinesis possibly achieve a fair and free market price for Precious metals? One word, ARBITRAGE. For more information on this you will need to read and understand the BLUEPRINT which explains the Kinesis Monetary System and the Yields in detail - the link is on the website (kinesis.money). There are also a growing number of interviews that have been done ( and more in the future ) in the media by Tom Coughlin- the CEO of Kinesis and Andrew Maguire, a well known Precious Metals expert and now a consultant to Kinesis.
Kinesis is not strictly a Cryptocurrency, but rather a Monetary System which utilises Blockchain to enable Precious Metals to be used by individuals or businesses for paying everyday expenses or paying wages to employees etc, and at the same time earning an attractive multi-faceted yield. Visit kinesis.money for more information. If you have any questions you need answered on Kinesis, you can join the Telegram Group ( now about 10,000 members) and be part of the discussion. The link to the Telegram Group is also available on the kinesis.money website.
Kinesis is issuing an ERC-20 Token, called the KVT ( Kinesis Velocity Token ), which is raising capital to fund the Kinesis System rollout, and entitles the holder to a proportional share of 20% of the Transaction Fees from the Kinesis Monetary System. Kinesis is later issuing it's transactional Currency, called Kinesis coins, details of which can be found on the Website, in the BLUEPRINT.
Kinesis Velocity Tokens are still available for purchase . If you decide you would like to invest in Kinesis Velocity Tokens (KVT's) here is a link to the Individual and Corporate Application Forms;
https://kinesis.money/individual_kvt_application.html?r=309218
https://kinesis.money/corporate_kvt_application.html?r=309218
Disclosure; i will recieve an extra yield on KVT's if you use either of these links ( the Referral Yield).
BYTEBALL
Byteball is a Cryptocurrency which has many useful features. One of the best features of Byteball is Conditional Payments. Conditional Payments mean you can easily set up a Smart Contract through the Byteball Wallet, which means you don't have to trust the other party who is paying you to make the payment because if they don't hold up their part of the contract, they don't recieve the payment from you, and the payment is automatically returned to you. The terms are agreed between the two parties at the beginning, and an Oracle can be used to confirm that the Payer has satisfied the terms of the contract. The Oracle can either be a publicly available, but trusted source of information, or a person who is trusted by the Payer to be the Oracle ( or do the job of the Oracle). In addition to providing peace of Mind to the Contract Parties, the conditional Payments also mean that you can avoid possible costly legal action against the other Party to the contract if they are in breach of the Terms.
Byteball is offering Steemit users Free Bytes if they install a Byteball wallet. You just need to Install the Byteball Wallet, and use the Steem Attestation Bot ( in the Chat section of the Wallet) to link your Byteball Wallet to your Steemit Account. You won't be able to sell half of your Free Bytes for 1 year.
Again, this post is not intended to be Financial Advice or a recommendation to invest. Always do your own research before investing.
@ctrl-alt-nwo, You posted most informative blog about various cryptocurrencies. I already created byteball wallet and got some bytes from chat bot. But I've never heard about KINESIS. First time learn more information from your article. Thanks for creating me everything.
I completely agree with you. The system is just not ready yet. However, what I and most investors do, is we are betting on the feature, we are preparing for the future. I have been accumulating precious metals for some time as well. The main reason is I just don’t believe in fiat anymore. I don’t trust our government and central banks who only print money whenever some problems appear getting us taxpayers into deep hole of debt.
Sounds like a very convenient way for real gold and silver holders. I usually wait how things play out and since I’m already invested in gold and silver, I feel like I’m invested in Kinesis already without buying the actual coin at this time. There is one thing I wonder when it comes to Kinesis coin. How does it separate from silver or gold price? Will there be two forks or two diferent coins?
Absolutely! That’s what we precious metal investors need.
Anyway, coming back to silver and gold, I wouldn’t be worried about the recent pullbacks at all. I believe it’s mostly weak hands selling at this time just like in crypto, I believe very soon our patience will pay off.
BTW: great way from ByteBall to get a huge amount of new customers.
Kinesis will have two different coins. The KAU representing 1gram of Gold, and the KAG representing 10grams of Silver. The big attraction is the Yield and this can be earned in several different ways, really by just minting, holding ,spending the Kcoins and referring others to the Kinesis system. Thanks for the positive feedback too and i am happy that you found it useful !
Thank you for the news, you explained everything so clearly, we should try
Thank you for the news,
You explained everything so
Clearly, we should try
- aleks433
I'm a bot. I detect haiku.
really very important and valuable information about crypto currency. this byteball and kinesis really very new idea of me and other steemians.but i am not understand this tropic fully properly when before.but this time i am read your post really understanding this tripic matter.thanks to sharing for your valuable idea with us.very well done for your great work..my dear friend.. @ctrl-alt-nwo
i already registered in this BYTEBALL. My Address byteball:PV6DJ4NWJRZTZGSLTZ6OXGBOOQ33MLLW. Thanks for share
Sir it valuable and very inforamtive. I have already joined in Byteball air drop but have no idea about KINESIS. I am ery impressed by Bytball offer for steemit users. It impressed me alot. I like the new ways to trasact. It would be very helpful
This is one of the best article I read about BYTEBALL and yeah I already hodl few of them!
KINESIS I heard 1st time ever! It seems very interesting concept and I will try to join it either!
Thank you for sharing this great article with us! It's really useful to us!@ctrl-alt-nwo,
Cheers~
yes bro own research is better than every thing. Thtas a good post to know details about cryptocurrency. Well done bro
I am interested in kinesis and this kind of crypto is really needed at this point of time as we are into crypto world for 9 years as of now. There is a need to make it more liquid in retails sector because that is where the day to day spending generates.
Byteball I think is some free income for steemians.
I've never considered gold, silver, real estate to be any kind of investment.
The potential profit (if markets are good) is always less than what you could have build with that money (hire people, invest in traffic, improve your product).
But what doesn't work for me, work for many. If you are not risktaker, these are good ways to put your money into such stable assets with high liquidity.
Depends also on how much effort did you have to put to get those savings - that really change the way you invest.
If you've got your savings by shopping cheap and busting your ass 10+ hours a day for couple of years, you are unlikely to put it all on one risky card.
Latest information and provide tremendous inspiration. Thanks @ctrl-alt-nwo!
Have a good day!
The byteball and kinesis really very new idea for me and other steemians and i was not understand this tropic fully properly before it. Thanks for your helpful topic. Byteball impress many steemians by its offer. Hope it would be meaningful for steemians.
Very wise words. Noble metals can become that stability and support, which is so lacking in crypto-currencies. Good luck to you and Love.
This is great publishing and great writing experience.
yes, I agree with what you say, away from the precious metal. but storage is even more dangerous when some people keep it in large quantities and it will endanger themselves. I have followed you and let me resteem this great post.
No problem , you can resteem.
Thanks a lot for your kindness and let everyone can see this post.
Thanks for the info on the Kinesis. Cryptocurrency is so fastenating and I’m new to understanding how it works. 🙃 With the help of kid4life I downloaded the byteball wallet and received the free bytes. 😊
Such a valuable post sir about cryptocurrency. I have already joined in Byteball air drop but have no idea about KINESIS. Thanks for the details information and providing the link.
Byteball Wallet , interesting
Wow really its very important and helpful post about cryptocurrency, now I'm interested and going to be registered, thanks.
This sounds very promising! Andrew Macguire is a well known whistle blower on the manipulation of gold prices by bad banksters!
I have heard about gold backed cryptos but couldn’t quite imagine how it could be done!
Thank you very much for sharing!
All the best.
Cheers.
Well, I do personally feel that KINESIS seems a sort of classy way of transaction. As KINESIS involves the precious metals and to very much extent it seems trust worthy, quite interesting.
Conditional payment options is a wonderful feature at the BYTEBALL end. Tremendous piece of writing in terms of information, it really means lot to me as I really needed some information where to invest although I would do more research on it, but thanks to you for highlighting all these important ways.
Stay Blessed :)
I am still reliant in FIAT as hospitals and pharmacies will never take gold silver and such for payment LOL.
Byteball really had a good airdrop though.
Well both the options does looks a great idea and I got some of the airdrop part in Byteball.
Well as for Kinesis it sure is a great idea as well and it will be a positive way to know that it will have some stable amount in our possession.
Well thanks for bringing it up to us !
well i have some in many wallets and holding upto for big news :P heheh May it come soon........................
You are very right there the alternative should be there in the end as nothing is too reliable
Here's included more information of cryptos and newly came and will come cryptos of Byteball bytes and Kinesis. Seriously cryptos need to provided more to get paid solution. Some countries accept it's payment scheme. I have trust crypto attracted whole global market in future. Thanks to your letter @ctrl-alt-nwo.
This alternative systems are doing a great job.
First time see crypto cutrencies article on your profile. Good article , you have great knowledge on currencies .
You're the best crypto analyzer I've never seen @ctrl-alt-nwo. Both difference coins new to us. But byteball bytes given massive chance to earn tokens through free airdrop. I already downloaded and then added byteball wallet. Thanks your information.
thanks for the useful informations. Both are very interesting and have unique attempts in nowadays world.
I just installed the byteball wallet. Can be someone as kind to send me 0.0006 GB (less than 10 cent) at following addresss?
Q4Z77QBRKWHC7YK5MGMDM3ZKVLGHEVF6
as i know whoever sents it gets even a referral reward.
Thanks very much in advance
That would be very important post to newest cryptocurrency seekers. You wrote whole contents those tokens. Byteball given huge airdrops yet under the reputation score to steemit users. Thanks to the information @ctrl-alt-nwo.