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RE: The robust foundation of the new Monetary System.

in #bitcoin5 years ago

Greetings friend @hatu, the monetary system created by kinesis is really fascinating.
Mainly because all the participants are benefited with a solid monetary system backed by gold. The STOs are dominating the market of cryptocurrencies and I consider that they are the present and the future of the next generations in the blockchain trade. When we talk about gold, we are taking some of the most solid and universal assets.
However, what keeps the system alive is the continuous incentive to generate dividends every time you use Kinesis money, that is, the more you use the more you earn; unlike conventional schemes.
Excellent publication. Very complete. I congratulate you.

All the best, Piotr

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You grasped it quite well.
The thing with gold is that people value it as a store of value. This is a great opportunity to create a universal money that is able to beat inflation. Kinesis, as per the name, rewards movement and thus people get the motivation to expense the gold even though they value it dearly.

A currency needs to be expensed not hodled.

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