What's the definition of security?

The opposite of security is commodity?
So if a coin isn't a security, it's a commodity?

Why comparing always BTC only with Gold?
Silver is a precious metal too!

Kiyosaki sits down with Kinesis to Talk ‘The Evolution of Money’





“I save gold and silver. I don’t save dollars.”

Kiyosaki speaks on how everyday people are accustomed to spending and saving in centralised, bank-issued fiat currency, commonly referred to as ‘paper money’.
“My mom and dad had no idea,” says Kiyosaki. The everyday person can’t necessarily see the difference between “real money and fake money”.

He continues, “… they hung on to paper again, their college degrees… People have been conditioned and programmed to take paper instead of the real stuff, which violates Gresham’s law.”
Gresham’s law states that when ‘bad money’ enters a system, people hold onto ‘good money’, which sees valuable assets like gold and silver, exit the system.

Kiyosaki explains how paper assets, such as Dollars, Pounds or Yen are subject to large-scale currency devaluation due to central bank money printing. He contrasts saving in fiat and paper assets with the ownership of hard assets, such as real estate and precious metals.

Kiyosaki comments, “I save gold and silver. I don’t save dollars”, an approach he has taken since his time as an army pilot in Vietnam, which coincided with Nixon’s closing of the gold window in 1971.


BRICS Central Bank Gold Demand

Discussing the BRICS nations, Kiyosaki highlights a growing division between the East and the West, with Eastern nations like Russia and China accumulating gold to create a currency backed by the precious metal.


The Evolution of Money

The conversation concludes with an evaluation of the Kinesis ecosystem; a sustainable and fair monetary alternative, that has already proven its potential in helping users globally counter the impact of a fiat-based economy.
Kinesis’ gold and silver-based currencies, KAU and KAG are backed by fully allocated, fully audited gold and silver, which is made universally spendable by card, through leveraging blockchain technology.

Kiyosaki voices his enthusiasm about Kinesis’ capacity to easily allocate a portfolio between gold and silver, spend on a debit card – and get paid every month through Kinesis’ innovative yields system.
He calls Kinesis a game-changer, deeming it “the evolution of money”.

timestabloid.com

Money has 3 tasks:
1) means of exchange
2) store of value
3) unit of account


Unit of account
The problem with inflation is that a depreciating currency makes difficult to measure & compare the value of items over time

This is the drama of inflation: People become poor without seeing it.
People see they have more money - their salaries have increased - and are convinced their wealth has increased.

Anybody here from Indonesia?

Silver

SGE = Shanghai Gold Exchange
SFE = Shanghai Futures Exchange
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The price of Gold & Silver is more and more driven by the China's market:
China's market is a physical market vs. the Western "paper" (derivatives) market.
For price predictions, look at China.

Today's Western silver price = $31
Silver in China is being traded 10% over Western price

Quote from: Peter90 on May 18, 2024, 10:25:13 AM

Quote from: NotATether on May 02, 2024, 12:45:58 PM

No thanks, I don't want to be having all these miners next to my dam. That'll just mean more power outages. And the government is already rationing power between districts, so I think it is a very dumb idea to make electricity even more scarce by giving it to the miners.

Although in fairness there have not been so many outages recently probably because it's raining so much here, but just wait for the rain to stop and then it will be back to outages as normal.

Wrong
~

Power infrastructure here isn't the same as in USA. I'm not going to pretend I know about the electrical situation in Texas but the lines are clearly more stable across the whole country than over here. A single technical glitch or heavy rainfall is enough to down a power line and disrupt a neighborhood's supply here. And there's no advanced monitoring of outages at all (but that is a problem across the whole continent).

Also, a bit irrelevant but everyone's still gotta make a trip to the utility in order to pay for electricity and transfer it to the "electricity card" for the meter. A couple other countries in Africa are like that too.

So doesn't make much sense to compare geographics between a first world and a third world country.

Wrong again

Every electricity grid - Texas... Ethiopia... Uzbekistan... Madagascar... - has the consumption peaks problem.
Peaks consumption creates outages - in my house too.
BTC mining can help stabilising the electricity grid.


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