An Initiative to Preserve the Wealth of the Masses: Open; Accessible; Omnipresent.

in #steemsilvergold4 years ago (edited)

In 2018, three currencies—the Argentinian Peso, the Venezuelan Bolivar, and the Turkish Lira—lost at least half of their value; the Bolivar, in fact, lost over 99% of its value. This depreciation was caused by the ruling government of each country; however, it was the everyday people of Argentina, Venezuela, and Turkey that paid the price.

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Modern-day national currencies, which are also referred to as fiat currencies, are backed by nothing and their value is driven by the economy and monetary policy of the country they belong to. Both the economy and monetary policy of a country hinge on the decisions of politicians in the ruling government. The consequences of decisions’ driven by ruling politicians’ self-interest are often a burden on the masses. Currencies whose value is entirely driven by the state ensure governments possess an incredible of power.

However, when that power is misused, currencies can depreciate—incredible amounts.

The depreciation of a currency proportionally depreciates the wealth of those who hold it. Thus, in a sense, currencies are very much like assets; highly liquid assets that can be used to transfer value with ease. Though, this is an asset that is constantly depreciating, and in some cases, the depreciation is enough to cost people a vast portion of their life savings.

A Currency with True Value

Prior to fiat currencies, national currencies were backed by the gold held in a state’s treasury. If a country would print surplus paper money, the value of the outstanding notes would be diluted. This would lead to depreciation.

Before the Gold Standard, gold itself was the key means of transferring value.

Despite its limitations, gold, as a currency, ensured that decisions of the state would not impact people.

The gold held by people would not tarnish in value even if the state indebted itself. Of course, in times of a state’s financial turmoil higher taxes would be placed, but this led to a positive feedback cycle where the state was able to pull itself out of debt. Alternately, those unwilling to pass over their wealth to the state could simply move, along with their gold.

Today, this is not possible.

A few Argentinians, Venezuelans, and Turkish who were able to sell their national currencies, before the sudden jolt of depreciation struck, were able to preserve their wealth. The vast portion of the countries’ respective populations were not able to preserve their wealth as they did not have the foresight needed to predict the calamity.

But what if Gold can once again be a currency?

One of the greatest benefits of blockchain technology, tokenization, has been applied to precious metals by a number of ambitious projects. Some ICOs have been led by teams that have tokenized gold in an effort to make it easier to trade gold against cryptocurrencies. However, this is a mere sampler of what can be achieved with the tokenization of gold.

Kinesis protocol emits gold- and silver-backed money.

Kinesis is a protocol that allows people to create and use a currency backed by gold. People can join the network and become minters, or members of the community who buy physical gold with fiat or Crypto.

They must then choose a depositor for this gold; once the gold is deposited into a trusted network of vaults, a digital currency that represents the deposited gold is emitted by the Kinesis protocol. Anyone can be a minter.

Minters can then go on to sell their gold-backed Kinesis Coins (KCoins) on the open market. Community members who buy KCoins and deposit them in an e-wallet become the first depositors. Deposited KCoins can be transferred to others, held, or spent via Kinesis payment cards. Both depositors and minters are rewarded by the Kinesis ecosystem.

Preserving Wealth

KCoins created by the Kinesis protocol give everyone, irrespective of their location, the opportunity to preserve their wealth while holding a liquid asset. For the first time, gold won’t be illiquid as Kinesis debit cards will be make the KCoins spendable at any point-of-sale system in the world.

While acquiring foreign capital becomes difficult in countries where the national fiat currency faces sharp depreciation, cryptocurrencies, due to their innate decentralized nature, make their way past any and every border. Major cryptocurrencies like Dash have helped Venezuelans and Turkish people defend themselves against the depreciation of their national currency. And, to a lesser extent, even Argentinians have used this strategy.

However, cryptocurrencies like Dash have not become easily spendable yet. Moreover, they are speculative assets that many people are hesitant to buy into even when their national currency is depreciating. Thus, there’s a chance that cryptocurrencies could have protected the wealth of even more people had those people been given an opportunity to buy a cryptocurrency that represents something they are familiar with: gold.

The first of its kind, the Kinesis payment card is a means to transact, across the world, with tokenized gold.

KCoins are an opportunity for such people.

As everyone around the globe recognizes gold and its value, those threatened by a depreciating national currency can hold onto gold, an asset that is known for just appreciation. While they may not be able to purchase it in local markets, they can acquire Crypto through p2p markets and then utilize that Crypto to buy KCoins. Alternately, KCoins can directly be placed in p2p transactions.

The best part is that these gold-backed KCoins will be spendable at any point-of-sale system as market-makers on the Kinesis Currency Exchange and Kinesis Blockchain Exchange will provide instantly liquidity, with tight spreads, to ensure the KCoins are given an instant redemption value of the gold that they represent. Thus, KCoins won’t just allow a means to store wealth in a non-depreciating currency, they’ll ensure that daily spends can be sustained with a non-depreciating currency as-well.

$10,000 for YOU

Join the Kinesis community and win gold and silver!
Simply answer the Kinesis Gold Hunt quiz and you’ll stand a chance to win thousands of dollars in precious gold and silver.

Join the competition here.

First Prize: 100 gram PURE 9999 Gold Bar (~$4,300)
Second Prize: 5 kilograms of PURE 999 Silver BAR (~3,200)
Third Prize: 1 ounce Gold Bar (~$1,300)

3 Additional Winners: 10 grams of gold bullion each (~$430)


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Show off YOUR Talents: Win $430

Kinesis is also hosting a competition for video content creators.

Create an interesting video about gold as a currency and win 10 grams of gold worth $430.
Here’s some inspiration for you:

Essential Links

🌐 Website:
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👨 ANN Thread:
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Connect with me:;u=1700741;sa=summary

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Now, will be interesting to watch how many Americans will succeed in preserving their wealth once the Dollar collapses.

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Bitcoin (or some other crypto) is critical for both inflation protecting for the dollar and for wealth preservation from the socialists/fascists/communists etc. It is portable so you can leave with it unlike gold. Gold and silver are also important protections.

I was amazed when I learned Customs rule about bringing gold in or out of the country. Even just paper notes

It's always very sad that the common people are the ones who feel the ripple effect of the heinous activities of corrupt leaders.

history continues to repeat itself and we continue too repeat our failures. When common people realize that we need to unite .......the greedy will continue to profit. The greedy continue too divide and conquer with bullshit issues. They use race....They use religion...until the worker class realizes this we will continue to lose

Situación que se resuelve con los estudios.

Cuanto más preparados están los ciudadanos, más difícil es manipularlos.

We'd get there, one day, someday.


No doubt FIAT and all Centrally regulated money has been a burden to investors and holders of such money whenever Political Leaders of Holding Nations decides to go Gaga in their fiscal, monetary and by and large their Economic Policies!!

Contemporary Circumstances In Venezuela, Turkey , Agentina etc are cases butressing the asserted!!
Solutios, as reported is best when resources are invested in tokenised assets like Gold , Silver Commodities!!

Thanks @hatu for the effort and opportunity to "mint" my Gold!!

Also ,would you grant me the liberty to follow you to gain more from your posts??

interesting post

nice information, about money.
i am venezuelan and our coin is
devalued thanks to the corrupt government. It has us in misery

Try Onfocoin , the money you can earn, instead of buying it. Invitation code : chrisaiki

If a person possesses a tenth pass, and he gets the rank in finance minister, what will the country's economy take?. There should also be necessary, a loaded bag notes, for a loaded bag vegetable, it shows how far any corrupt politicians, how people's life passes through.


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@hatu, No matter what type of Calamities or Situations arising, in my opinion we have minds in this world which comes up with Innovations and Technology which helps the Humanity and helps them to come out from the phase of darkness. Stay blessed.

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Hello @hatu!

Excellent your publication.

I am Venezuelan, the Venezuelan problem has several edges

The first, the resentment generated by the class struggle

The second, the enrichment that some people may have developing corrupt activities, which do not generate true economic growth of the country

The third and most important, education, which does not focus on preparing trained Venezuelans to handle the country's wealth in an honest, balanced and efficient manner.

In reality only gold is gold though ;-)

That's detailing

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Really helpful post. I found some informative Data.

@Hatu in crypto much many users follow non tallented/expert leaders,that is failure falt.spitities are very unknown for seventy person users in crypto field.

The case of Bitcoin and cryptocurrencies in countries like ours, which have an unstable economy, in the case of Venezuela, the use of crypto is great due to the usability of consignment shipments, for safekeeping and saving in large quantities used for washing of money.

But the use of crypto is not so much, there is something else and it is the use of the dollar, not as a method of payment but as an obligation in each establishment.
I know that cryptocurrencies have an impact here, I would like to see a country where I can pay for everything with cryptocurrencies, free of delays and bureaucracy.

Look how the cash runs through the streets like trash

davvero un post interessante pensa che volevo regalare un lingottino d oro a mio figlio...forse tra un po gli comprero un lingotto virtuale con questa ico

Another very interesting post. Great information.

Gold and cryptocurrency will be the medium exchange of future.

Hi this is my entry
Resteem done

I recently noticed the importance that gold is taking worldwide. Thanks for this kind of post that are helpful to the community.

This is just fantastic. i would love to be one the lucky winners of gold

Steps done
quiz and resteem done @hatu

The world of cryptocurrency has taken on a global importance every day, more and more people are listening to talk about this, gold is also taking importance worldwide, sadly there are such cases in Venezuela where it is handled by part of the government which has not known how to make good use of gold. Thanks to hatu and kinesis for providing a service in these metals. Big thumps up @hatu
Great quiz

It’s sad that so much misfortune is cause by decisions made by a some dozens of people. What’s even worse is how so many are never educated on these facts and just how all this works...Thank you for the post, it’s great work👌 Take care!👋😁

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People with most of the power must hold the most of the risk too.

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Thanks for sharing valuable information.

Done! I also think I've got the questions right.
Resteemed @ Tweeted!



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Done dear @hatu :) everyone needs gold

◦•●◉✿ really helpful post ✿◉●•◦

Thank you for sharing this opportunity with us @hatu :)


All done

!tip 1

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I've been making a list of the things they don't teach you at school. They don't teach you how to love somebody. They don't teach you how to be famous. They don't teach you how to be rich or how to be poor. They don't teach you how to walk away from someone you don't love any longer. They don't teach you how to know what's going on in someone else's mind. They don't teach you what to say to someone who's dying. They don't teach you anything worth knowing.

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Good post!!

Also reestem

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If you don't hold it, you do not own it!

Upvoted and Resteemed

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Much Interesting Post. :)

Yuhh it's something new! Not hard but interesting!
скрин 2.jpg

In so many countries their money is worth way less as their is gold. With the euro it is the same.

The Turkish people worldwide believe and voted for Erdogan and there is a lot of Euro going over there. They are not in need.

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Gold, like any other currency has a value only into the mind of people. The only value is trust.

Yeah, practically gold is pretty useless in the hand of average people.

You just planted 0.11 tree(s)!

Thanks to @ucukertz

We have planted already
8413.29 trees
out of 1,000,000

Let's save and restore Abongphen Highland Forest
in Cameroonian village Kedjom-Keku!
Plant trees with @treeplanter and get paid for it!
My Steem Power = 24415.84
Thanks a lot!
@martin.mikes coordinator of @kedjom-keku

I did all before 20.

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Resteem done o/
i would be happy if i win 10 gram of pure gold

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It's not everyday that you see someone giving away $10,000 in gold bullion. Nice post. 👍👍

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I hope I am not too late to the party. It's good to plan well as fiat currencies do not help matters.i will go into the competition when I could. Thanks @hatu

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You said something like the reason of currencies being backed by gold is to avoid decisions of the country impacting people's wealth, which is not entirely correct. The reason for backing currencies by gold was, the people did not believe a piece of paper has value. Until ruling class said, you can go to bank anytime and exchange the paper for real gold. As paper money became common, there was no more need to store gold for this purpose. What you said was positive side effect.

Another very interesting project that although I don't know much about it already started showing some interesting results...

When you are grateful, fear disappears and abundance appears. Thanks a lot for this post @hatu

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