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.