The Kinesis Blockchain Exchange (KBE) this is their own exchange platform allowing users to buy and sell cryptocurrencies against Kinesis currencies, creating easy exchange for cryptocurrencies.
Depositors yield system maximizes the incentive for a large initial deposit and then further use of the currency. Depositors receive a share of the transaction fees as a yield forever on the Kinesis coins they bought and then used. Again, the higher the velocity of the initially purchased Kinesis coins, the higher the yield.
The yield is based on the velocity of the currency and derived from a perpetual proportional share of the transaction fees associated Kinesis currency in existence this yield is also designed to maximize initial deposits into the Kinesis Blockchain Network by strongly rewarding this initial deposit.
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BoardAnnouncements (Altcoins)
Re: The Kinesis Monetary System
by
James ssi~
on 22/12/2018, 06:54:03 UTC
Is the bounty campaign for this project already done? I did not get the chance to participate in their ICO last month I hope they will have another one, I will still supporting Kinesis project or the good.
I will be waiting for their next token sale that will be happening on March right? Looking forward for that, I have a feeling that the project will succeed more.
if im not mistaken ICO pre-sale begins in march 2019. better to look in their website to check their KVT & ICO release schedule.
Is the bounty campaign for this project already done? I did not get the chance to participate in their ICO last month I hope they will have another one, I will still supporting Kinesis project or the good.
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BoardAnnouncements (Altcoins)
Re: The Kinesis Monetary System
by
James ssi~
on 23/11/2018, 10:23:55 UTC
What is the use of Blockchain in your platform? I have a view on this, I wish I could have the answer right away.
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BoardBitcoin Discussion
Re: When you think of currency what will come to your mind?
It still fiat currency because it is still widely use by majority of the people. But bitcoin and other cryptocurrencies are gaining popularity around and even the global monetary authority like IMF had already notice the growing influence of the virtual coins. The International Monetary Fund have already published a report about the possibility of cryptocurrencies could one day reduce the demand of fiat currency " by creating a shift from credit money to commodity money", in other words, the IMF suggests cryptocurrency could replace fiat currency someday.
Currency the most used tool by people in trading, buying and giving themselves pleasure of becoming on top, currency depics the greediness of people in achieving things that they desire, Improving the possibilities to have more and defining the future by the acts they do.
What escape path for Bitcoin? The value of Bitcoin is still very high . Some problems of bitcoin are difficult to solve as : - Slow transaction speed - consumes a lot of energy - It is banned in some countries - Price manipulated Is there a sustainable future for bitcoin and cryptocurrency ? Bitcoin will become the coin of payment as its purpose is created. Or is it just a game of whales? A financial game with winners and losers
I think that at this time it is hard to figure out the true value of bitcoin, you can see the market is constantly fluctuating and it is hard to guess, bitcoin and altcoin prices are constantly recovering strongly in the days passed.
But you can see that bitcoins are still very few in the world, so bitcoins are not controlled by the government and will lead to bitcoin prices being manipulated by whales and sharks.
Bitcoin value will always depends on the community who are holding it.
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BoardEconomics
Re: Will Bitcoin become a long-term trusted store of value?
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
Where do you get this figure from?
Bitcoin has the basic characteristics of a store of value, the main one being a limited supply. It will need to have some utility for it to be trusted as a store of value so it must succeed in some form as a currency.
It could be a store of value if it wasn't subject to futures contracts and that's capacity to make money betting against bitcoin without even buying.
Why does it need to have utility apart from its capacity to move wealth easily avoiding bank charges. If by utility it needs to be easy to buy a cup of coffee with it I disagree. Although it's egalitarian in nature, avoiding brokers, it isn't simple and it relies on faith. Faith that their money won't just go poof or that its value won't drop like a blimp with a hole where the naysayers are sucking out value making money betting against.
It is not going to happen, future contacts are being used precisely to keep the price of bitcoin down in a very similar way in which future contracts are being used to keep down the price of gold and silver, the big advantage that we have over those markets is that many prefer future contracts for gold and silver since moving so much gold and silver is a problem but with bitcoin this is not the case, since we can move a huge mount of bitcoin to the other side of the world without any effort.
I think it will be possible for the next years, you see day by day technology is improving and as well as the community, some people are determined that bitcoin will become a certified currency in the future.
Yes, It will be possible because of its potential network and system It will be a great opportunity for some investors to have this in their options , some of them will think that bitcoin has a lot to offer for them.
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BoardBitcoin Discussion
Re: If you did not listen before, now is last chance to reduce your loss
I told you so - many times in here. It was a bubble, and you should get the hell out of BTC.
The responses in here were mainly hysteric screaming of "FUD".
It is now clear from more and more posts in here that people who came late to the bubble-party are in losses on their Bitcoins. Well, told you so.
This is not the time to HODL. The party is over. Your choice is whether to sell now and take a loss, or wait until you have lost everything.
I disagree with you. I think you are one of the so called panic seller that cannot control yourself during the deep of the coins and the tendecy is you loose your investments. Bitcoin ha a great potential and it will recover no matter what. Lets take advantage while the market is in red market because we can buy coins at a lower cost.
I agree, giving up your potential income in bitcoin and crypto currency will give you nothing but loss, some panic sellers do that because they don't have the guts to hold their funds and do not have patience to do that also.
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BoardEconomics
Re: When will smartphones used for bitcoin mining?
As we all know that smartphones are just like computer nowadays that has strong storage capacity and processor. This I think could be enable to mine bitcoin and this is what I am waiting for if there are any smartphones company that would offer their smartphones for bitcoin mining or even as a smartphone that works as digital hardware wallet for bitcoin and other crypto. I am waiting for it to happen. Do you think that it will happen?
It Is possible to occur In the future mate because as we notice by the time or year passed by the more the technology evolved Itself. So there's a tendency that It will come to reality to used smartphone to mine bitcoin.
With the development of the technology as the year passed by, it will be possible in the future, some of the smart phones now are doing this, or maybe the app of a specific coin.
My investment strategy is anything just to prevent a severe loss. We can't lose something if we're patient to this world. Patient to lose and wait. If you are capable of doing those, you will have a good profit. I'm just doing buy-hold-sell. Buy at a certain price, wait and hold until its price satisfies your preferred price and then sell. If you're not able to wait, your capital will just comeback or you will suffer from a loss. We need to be very observant and smart enough to decide to be successful here in cryptocurrency world.
My investment strategy depends on my funds, if I have more then why not giving the half of it in some profitable outcome, or project that will give me more much to gain.
I think it's not difficult Dealing with them, just ignore them because they will not harm you. They hate Bitcoin because they may have experienced something bad with it maybe they are losing profits in investing into Bitcoin, or maybe they do not understand bitcoin and they just know Bitcoin from the news on television. Just do your job and keep investing into Bitcoin as long as you do not harm others in your investment career, it's really good and as long as you get Bitcoin go ahead and do not think about what others are saying.
Yes, In dealing with crypto haters, It is not worthy if you insist what you want to insist on them, remember negative minds will not accept any positive explanation.
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BoardEconomics
Re: Will countries or central banks create their own cryptocurrency?
Somehow they can do that, if the trend became the essential in the future like todays fiat money maybe they will create a crypto that will be the flag bearer of a particular county in crypto world and I guess bitcoin will be the international monetary for cryptocurrency still.
They have the power to do that but they won't gamble their business to something decentralized by adopting a coin that they don't have the authority to control it.
They can create their own cryptocurrency but it can be a stable coin which is not volatile for the sake of their business and customers. It will be a digital currency if they do that but there's no need for them to do it, they have online banking and adoption of blockchain is what they only need to do.
I think banks are aware of crypto currency, it is possible that they can develop some coins of their own, but being in control of it is hard for them, because that is not the way of how crypto work, the price in the markets are so volatile, it may change the value of every coin at anytime of the day, It will be a huge risk for the banks to invest in crypto currency.
As far as we know there is no reason to be in panic, this market is only getting up from a deep sleep, you will see, right now in July, the prices are already higher, then they were before, in April.
You are right, we should not panic and remain calm and focus. The best that we can do is wait and prevent ourselves of do something stupid. I am making some plans and setting some marks in the future that I would like to see beyond, but that it is all.
Panic selling will not contribute in your earnings, it will not help you to make profits, instead it will make your funds loss, always hold coins or tokens that has potential in the future, always look for alternative resources and make sure to not sell your funds in low price.
Having something terrible happen to me and my family not knowing how to find my seed words has been one of my biggest worries. My particular problem though is also that my family doesn't really know what bitcoin is, and they don't really care. Any detailed instructions I write, I need to write down on paper, but that could get lost in a fire or some such. If I put instructions on my computer or in the cloud, they could be found by a hacker...but more than likely no one in my family would even bother to look lol.
I think one of the best thing to do is secure it, and have a successor or one of your relatives to have a knowledge about bitcoin and to continue your legacy in the world of crypto, that will be your last will and testament for your family.
Everything has its cycles, and all the markets, even crypto depend on the real world's events and news. This year has been rather hard for most of the markets, and today we see the slight recovery of economics.
Yes, crypto hasn't dead yet, It is a brutal word to use , Crypto has been like this for years, it is really volatile that it can change its price anytime of the day, comeback for crypto is possible in every way, it is a good investment as well as work.
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BoardEconomics
Re: I almost lost my rock solid regular job because of crypto
Like the title says, i almost lost my regular job as a software developer today when my boss reviewed my work. The job has been able to economically provide a comfortable life for me and losing it would really be a big hit to my income. I almost lost it because i spent so much time learning about everything crypto (mining, trading, bounties, etc.).
Has anyone else experienced this? I just feel pretty lucky I was given another chance and want to remind other people that having a regular job is much better than relying on the volatility of cryptocurrencies. Make sure you prioritize your work!
I know a lot of people like you, when the cryptocurrency market went up, many people were intent to leave off their work, but when the cryptocurrency market went down, most of them had losses and they felt remorse for leaving their jobs . I do not think leaving the stable job to come to crypto is a good decision as you still have not earned a decent income from crypto.
I think that's not a good idea leaving your regular job for crypto, the prices online are so volatile, it can change anytime and because of that you can also gain much or have a huge loss, crypto is just an investment don't compare your current job to it.
I seen lots of people are panic and selling and spreading FUD . But based on my experience people who really dare to take risk only won here . Wise and daring investors are still searching for good potential coins to invest while its really cheap were greedy people are panic and spreading FUD Finally people who dare to invest bitcoin even when the price of 100$ they created fortune here . Its completely daring and vision not at aall luck . SO if you are having real vision and want to make milestone in life then be here in crypto and support other wise please quit .
Investing is real healthy and wealthy way of work. If you see other business that are too risky, absolutely like crypto. Secondly i admit that people should be visionary in crypto investing. And it's like check and balance system. Crypto business is not for limited mind setters.
That is true, crypto is for risk takers, it about investing and gaining, profits of your specific funds, crypto can both make and destroy your life in an instant, electronic money or digital cash are one of the main reason why crypto is so popular these days, the process are fast, also the transactions and all the essential elements in earning and saving.
Another day, another hack. Basically My Ether Wallet was hacked via the chrome extension hola. At this point it isn't known how many users have been affected or how many tokens have been lost.
So my question to you is will you still use MEW? Do you think it is their responsibility what happened? The hack that happened a couple months ago was bad enough, but now another one? I find it hard to believe that their credibility will be salvaged after this.
Of course I will still use myetherwallet and here's why. This hack is not a problem with MEW's system, it is an issue with the VPN service provider named Hola so we can't blame MEW about this hacking incident, this is why I'm very picky on what VPN to use and I don't use free VPNs because of security reasons. All people that use hola VPN and accessed their MEW wallet at the time of hack, their Ethereum and as well as their erc20 based tokens might gone right now. So if you are one of those who use this service and your cryptocurrencies are still there better create a new mew account and transfer all your tokens to it. And what's worst is if you are using this VPN during the hack, while using other accounts like email, social media accounts, or any other important accounts might also in danger.
Exactly , I use mew in my bounty campaigns, as long as you hold your private key safely and secured, It can also help you to store some important funds in your wallet and be able to trade it online, most of the users in crypto are using MEW as their wallets.
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Re: Choosing the one | What I think! - Real Job or Full Time Crypto!
All things considered, really I pick full time crypto, in light of the fact that there's a great deal of chances, and I surmise that its more anchored than a genuine activity. Since crytpo gives great future that numerous has officially demonstrated that nearly individuals are stating that bitcoin is keep expanding. In the event that we look at into genuine occupation in crypto we can procure great sum or benefit and we can spare promptly for our reserve funds to what's to come. Since in genuine employment we can't spare, its simply great just for our every day, dislike in crypto it can twofold your cash.
I agree since in crypto it can also be a job but for some people who are currently employed, they will choose their permanent work, crypto can give you profits , Yes but, it can also take your luck when it comes to investing, you must to be careful in doing such things also, studying crypto is hard these days, because of the situation in the market, But i think you can be full time to work and part time to crypto at the same time.