I love my job, but some days I’ve had daydreams of getting a call from Kinesis….
“Nate, you want in?
“Put me in coach!”
Edit – 2/4 – If you want to be able to sell people on the Kinesis product, you must be able to sell them on gold and silver. I’m also uniquely qualified for this. IF you buy the silver and gold story, it then makes sense to diversify your holdings into a lot of different areas, and Kinesis makes a lot of sense in this scenario.
Why am I writing this?
I have had the occasional day dream about Kinesis, and how someone with an engine like mine in the workplace that likes to tackle many big projects at once could contribute to the company. I’m 47 now, and run an IT org of 70 over the last 6 years in one of the most secure environments on earth. My father died at 56 from lung cancer and my mom died at 67 of pancreatic cancer – she was diagnosed just months after retirement. Meaning, I often daydream about what a new challenge might be – and why I could possibly leave where I am. Pretty much I’d like to try to be out of the workplace by 55-60 and enjoy a long retirement – and KVTs are part of that equation for me. I’m HIGHLY motivated to collect more of these and make these things print gold. So, I’d love to roll up my sleeves and contribute directly to my retirement.
I feel Kinesis is a world-changing product, as I have written many times that gold will be re-entering our lives as money. That being said – I’m an analyst and problem solver by nature. With this, I see some things I could dive in and help with – tomorrow.
Top level, what makes ME qualified?
The section below this covers what I would plan to do – but this section here is how I would imagine Kinesis would be looking for top talent.
My interest in the company and precious metals industry – I am a die hard gold and silver bug, heavily leaning on silver. I am a stakeholder already in the success of KMS, as I am a KVT holder of a few KVTs and want to get a lot more. I have written tons of articles about Kinesis here over the years advocating for it. Additionally, when talking about Kinesis with others, I coined the term “Asset Backed Digital Currencies” as a “product differentiator” to explain to the lay person why this cryptocurrency is different than the other 20,000 out there. I have gone on shows and educated thousands of people about gold as an asset class and how gold and silver preserves spending power. I have become a part of the FinTwit world with hundreds of extensive writings on gold/silver and have been on quite a bit of YouTube shows discussing a lot of academic topics around gold and silver. So far, this makes me a believer and a stakeholder in the success of the company. It’s hard to find someone with 25 years of experience working for a startup cryptometals company, because these people don’t exist. So what kind of person IS qualified? Someone like me. So what about my qualifications?
My current career qualifies me – My full list of certs and cub scout badges can be found here, and the link will give you an idea of what I don’t talk about here and what I do. At a high level, I have worked in IT since I was in college, with nearly 30 years of experience. The last six years, I’ve run a large IT services contract with over 40 people and up to 120 people in desktop support, cybersecurity, systems administration, server administration, telecom, and networking at probably one of the most secure organizations on earth. The entire size of the company of Kinesis is probably smaller than my current org chart – but it’s just a guess.
My business education demonstrates a strong understanding of what drives companies to success – With this, I have 2 master’s degrees – one in business administration, and one in cybersecurity. With respect to my MBA, I understand international marketing, economics, law, ethics, accounting, finance – etc. My concentration was in management studies, and with that I utilize a “job tasking” and “job enrichment” strategy with the workforce. I was once an IT metrics manager for 4 years with EDS early in my career. Meaning, I like the idea of numbers providing evidence of root cause issues, forecasting models, or even performance reviews. I also have a Project Management Professional certification, which is a gold standard for project management in the United States. If I don’t know it, I will study the hell out of it and learn it. My degrees do not demonstrate being “smart” – it demonstrates my dedication to learning and education. 6 years of graduate school had me writing hundreds of research papers.
My cybersecurity education has prepared me for 21st century business –With respect to my MS in cyber security, I also have a CISSP (the top cybersecurity cert in the world), Security+ and have worked heavily within a PKI/cybersecurity environment for 15 years. While cryptography is not my focus, I have had time running a certificate server which generated certificates which I had then used for 802.1x certificate-based authentication with network access control (NAC) 13 years ago. I have worked in cybersecurity mostly on the hardening side of things, but am schooled in all aspects of cybersecurity and have working knowledge of just about every aspect. I had been a cybersecurity technical engineer/architect for many years before going to the dark side of management, and I still am involved with providing top tier technical support when needed.
My undergrad degree prepared me for a life of strategic thinking in business – With my IT undergrad degree, I was a “physical security” minor and started in criminal justice with the desire to work in the FBI – and all of my security classes transferred to a minor as I had also put in several thousand hours over college working industrial security. This education dealt with database design structures, business systems analysis and design, programming (C, C++, VB, Pascal), and networking. My degree wasn’t to fix someone’s computer in accounting, it was to design and install Information Systems to have accounting work more productively, efficiently, cost effective, and with minimal downtime. I essentially have done a lot of this at the world’s largest organizations.
Lifelong learning – I am curious about the world and need to understand how things work. My first college class was BASIC Programming at 11 years old at a local community college. I have demonstrated 6 years of graduate school – but also 11 industry certifications. If it were up to me, I probably would have been a lifelong student and learned more with perhaps a law degree, physics degree, advanced math, etc. I have “learned” myself into losing 175 pounds and training for a triathlon in 2019. At the age of 15, I played in the World Open of Chess and was a world-class player from years of studying from 7 years old. I had played in orchestras with my trumpet through grad school and had solos at Vet Stadium in Philadelphia in front of 50,000 people and at Disney World leading my band down the street in front of tens of thousands of spectators. I have then applied myself to the defensive investment class starting in 2019, and have 12 media appearances on larger YouTube shows as an educator/commentator. I believe the world is transitioning to one where gold is the focus of all international commerce, and Kinesis is at ground zero of this. I’d like to learn everything I can about the business and help take it into a period exponential growth.
As a manager of people and strategic systems – I have now probably interviewed a good 300-400 people over my career, and part of my job isn’t just seeing if someone is qualified, it’s also recruiting the best talent to me. Anyone I interview, I want to also demonstrate to them how this job will positively affect their career, and what we can do to help with that career. Meaning – from an organizational level, I’ve dealt with HR/recuiting for hundreds of transactions over the years. Another aspect of this has to do with contract writing. While I hate it, I have probably logged over 12 years a good 2,000 hours with contract proposal writing.
How could someone with my background help?
I hope not to offend any current executives there, as I haven’t seen an org chart lately and none of this is meant to try and displace anyone or disparage anyone. But I’m writing this because I care deeply about the product, and as a power end user here, there’s things about the system that I would like to improve over the next decade or so. I have noticed that the usage of the KMS is not to where the stakeholders want it, and what I want to do is come in and rapidly change this. In a hurry.
10 year goal – to work extremely hard and strategic to capture millions upon millions of users into the Kinesis Monetary System and drive up the fee pool exponentially through project management methodologies, recruitment, steering committees, education, outreach, partnerships, and effective communication to large audiences.
Position Title – “who gives a shit”. Fancy titles are just that, but it would be C level reporting directly to Mr. Coughlin and the paycheck would reflect that to attract talent and retain them – you can call me “head fry cook” or “executive of special projects”. Don’t care about the title internal to the company. Don’t care about direct reports or not, been to that rodeo and back. At this point in my career, I have worked with C-suite employees for nearly 30 years at some of the world’s largest organizations in the sectors of IT, finance/investment, manufacturing, energy, and defense sectors. TODAY, I am qualified to be a director/C level employee at a regional company with 1,000-5,000 users and don’t have anything to prove to anyone. The position would be strategic in nature, with organizational goals tied to it. What I’m trying to do is find INTERESTING work that I have a DIRECT INTEREST IN THE COMPANY’S SUCCESS. I don’t need a title at this point in my life. I’m ready to get the smoking jacket, pipe, and read in my study. I have been making people millions of dollars for many years. Time to ask for a seat at the table.
Here is what I’d do..
Projects – I’d get my PMP hat on, and put my arms around all projects currently underway. From debit cards to changing the snack machine on the 4th floor. Gantt chart each of these, as there needs to be a project lead with each with milestones and deliverables. Each of these projects would be on a dashboard, like this, viewable real time to Mr. Coughlin. Weekly project status meeting to see where things are. This would probably be 1-2 months just to understand every nuance.
Likewise, a “public version” of this needs to be out there updated quarterly. A description of each project should be detailed below, and recent progress needs to be updated with a date. At issue here is this – Kinesis has competitors, so some projects cannot be publicly shared. ALL PROJECTS need some sort of date or threshold with them. For example, the last thing in writing I saw about the KVT was that it was to be rolled out late in 2020. Anyone that runs projects knows that sometimes things slide to the right. The reasons for this need to be communicated to stakeholders in the project. I have written to Kinesis several times about this and don’t really get anything back. In this type of environment today with crypto exchanges going belly up – the default mode now is suspicion, and this casts a dark cloud over the reputation of Kinesis. My “default” mode is to trust, but verify. I am not getting verification – and I’m a superfan of the product. Without these types of ideas communicated clearly, it gives competitors a clear piece of raw meat to throw to the wolves. Edit: I have emailed Mr. Coughlin directly about this a few days ago, and he provided a nice response indicating he should be addressing this very soon.
As all “public” projects are detailed and on a board, this provides strategic direction the company is going in.
With this, we can have quarterly goals we want to have met, and specific actions/projects/initiatives created to meet these goals. Things can slide to the right, but you want to minimize this as best as possible and clearly communicate why things have slid.
Strategy – I’d like to sit with Mr. Coughlin and all C-level employees and understand the direction. This then helps a program manager design specific projects to help the CEO achieve these goals. For example, I know there’s a big initiative with the virtual debit cards. But there’s no communication about when it can get rolled out to the USA? I heard VERY soon from a friend – but not the company. When asking the company through support, I just got “it’s not available there yet”. When we have projects like this, we need to have these milestones as part of these plans we communicate with the stakeholders.
With this, there are specific metrics and data benchmarks we need to establish. For example, what is the current usage of the system? What is our anticipated usage of the system once we implement these items? Can we track this? Can we present to the stakeholders some form of transparency on unique users, unique user transactions, the amount per transaction, and pie charts on source of revenue? For example, Mint cycling, friction from putting in or taking out metals, debit card transactions, etc? I would design my IT systems to capture specific metrics so the CEO would have a real-time dashboard to watch this.
With a strategic direction, this vision can then be communicated in visuals/architecture to stakeholders. Something like this can be on a tab on the Kinesis website. You can come up with any kind of visuals you want, but any stakeholder should be able to, at a glance, see the strategic direction of the company.
To me – Kinesis is a growing company and with this, needs to communicate this. If Kinesis can communicate where they are, users are more understanding of why there would be cash burn rates monthly with small fees. I completely get it. To a rube off the street, they THINK it’s in the maturity stage. Truth is, Kinesis never really left the introduction stage yet as many still don’t know who they are – and the product differentiator I created (the ABDC) can be a massive selling point to lead growth.
What I would focus highly on, ASAP, is working on branding (like the ABDC), pound YouTube channels for 2 months and try to reach the most endpoints I could for awareness. This would be an opportunity to talk about all of the things I address below, and growth can more or less quickly support operations to get them at break even, ASAP.
Steering committee/key user committee – I would invite a small number of influential people in the gold/crypto world (10-20) to a once a month steering committee. I want to hear key concerns they have and get feedback on direction. Members of this might be like a rep from Citizens for Sound Money, key Kinesis power users (perhaps minters), and those who are influential and have used new tech (like Kevin with the debit card). I want to hear what these people are looking for. Whether it’s bells and whistles on an app, communication about a project, or future direction items – these people provide feedback which is invaluable. You certainly cannot make everyone happy – but these are the guys in the trenches every day on Twitter defending Kinesis and can provide feeback and also link items below to responses.
Bolster the FAQ section – I have written to Kinesis support several times asking them about project initiatives, concerns from crypto bros about blockchain, timeline on KVT rollout, or even concerns about “bailee” wording from the user agreement that Bob Coleman discusses. At issue is there are a lot of people online doing a LOT of potential damage to the Kinesis brand by spouting key phrases over and over….and over. I feel these types of things need to be addressed head on, and with that, the FAQ section should have a LOT of these key concerns addressed. Having all of these concerns addressed head on also allows people like myself online to immediately link this response to help preserve the reputation of the company – because I’m a stakeholder in KVTs, I also have an interest in the success of the product.
Cleanup Kinesis content – I think a weed whacker needs to be taken to some things, and a lot of the communication/wording needs updated. Likewise, there’s Kinesis videos out there from years ago which talks about how the KVT would work on 1% of the gold trade. Much of these things need to be re-done from the ground up to now capture those who have NOT already understood “why gold”. I feel a video (cartoon) if you will, of putting a $20 bill and 1 oz gold piece in a vault 100 years ago and opening it up today with gold being 95x the value illustrates why someone would hold gold over a long period of time. Many do NOT understand how fiat spending power decreases over time, and why gold is a good store of value. With this, you can also show that putting your cash into this gold, and then spending at a later time has a good probability of preserving your spending power, long term.
Outreach – there needs to be a presence like this candidate who blogs about this stuff, perhaps on the Kinesis website to communicate out a lot of cool things. These articles can help users share the message with their friends, family. There needs to be someone out there on all of the YouTube channels at all times communicating all of the good stuff coming out, and perhaps be able to address any concerns in real-time. Friendly chat with YouTube creators, or perhaps even debates like Saylor vs Guistra in regards to Kinesis and other products can draw more attention to what it is.
Product differentiation – I have created the term “Asset Backed Digital Currencies” to explain the difference to my friends about why this crypto currency is different from the 20,000 others out there. No one really understands it, until I explain it to them. There needs to be videos and marketing materials comparing and contrasting what Ethereum and Bitcoin are versus what Kinesis is – and with this, how they are valued. I feel this is the best product in the world today and to a lay person if you discuss “kinesis” and “crypto” in the same sentence, you get nothing but blank looks of crypto thievery. A LINE needs to be drawn in the sand, TODAY on ABDCs and non-ABDCs. ABDCs are this:
Non-ABDCs are this – an empty parking space on a blockchain with your name on it.
Kinesis media – I think Andrew and Shane are doing great with LFTV, but it would be good to have a monthly update video of where projects are, what Kinesis is thinking of doing, and address concerns in this forum. While I get an email every now and then with updates, I think it is important to have someone out there on a Kinesis monthly update to explain where everything is. Perhaps Mr. Coughlin is a guest at times to address new project initiatives or end of project rollouts to demonstrate the successes. Someone like the “head fry cook” would be giving the updates in a slideshow type of thing to stakeholders.
Partners/frenemies – like it or not, but Kinesis is a competitor to not only Lode, Cache, and Glint – but also every vault owner in the world as well as Visa/Mastercard, as well as every government who does not like gold over their fiat. The list of enemies are never-ending. With this, there are shared interests with the Lode/Glint/Cache community to get more usage – and with this, it makes sense to have some form of PAC or advocacy group like a C4SM that could liaise with members of congress that are for some version of sound money. Note – you do not NEED a gold standard to have sound money. This is important when it comes to regulatory questions which favor all of these platforms. All of them have a mutual goal – to be widely accepted worldwide – but to date, regulatory questions and concerns are everywhere now with crypto exchanges dying left and right.
The product differentiation SHOULD have this as a “front end” to a vaulting business and NOT a “crypto” exchange like all that are failing. Meaning – I’d make an effort to reach out to counterparts at the other ABDC solutions for a form of partnership. Eventually, all of these should be like Visa/Mastercard/Discover/AMEX – all widely used and regulated, but may each have different features or rewards for users to want to be involved with them. The staggering amount of market penetration that is to come can have all companies feasting at the trough for decades to come.
There are hundreds of billions of dollars out there that could come into these platforms in the next few years. KVT owners are going to get drowned in gold. But we need to capture that market, together.
SWOT – maybe pretty basic business 101 stuff, but company needs to understand the strengths, weaknesses, opportunities, and threats. There’s ridiculous opportunity here month by month to improve. While this would be internal, action items can be born from this quite easily.
Audits – I know audits are being done, but some still are casting doubt on this. We need a full section on the website dedicated to the 3rd party auditing, reports, and who the company is doing the auditing. Differentiate between the vault auditing and the exchange auditing, if possible. I have seen the audits. I have no idea who that company is, who they are accredited by, who they have audited. I trust – but would love to hand over a bulletproof link to the trolls and haters out there.
Regulatory – as a lay person, I don’t understand why Kinesis incorporated in Lichtenstein. I don’t understand what that means in relation to me using Kinesis with a debit card in the US, at some point. I’d be working closely with former SEC/CFTC lawyers to start aggressively pushing to get all of this stuff above board front and center in front of congress with legislation. A risk I see with putting substantial amounts of holdings into Kinesis has to do with how regulatory bodies might act. To me, this is a barrier that, once removed, can significantly de-risk Kinesis so an organization can use Kinesis. Currently, I don’t know what I don’t know. But there’s something there in a big dark cloud that needs clearing up and badges of approval. I can’t sell Lichtenstein to a stacker in Texas who is 70 and wants to pour $100m into the KAU product. I would need many meetings with regulators, consultants, attorneys, and appoint someone to head up all regulatory paperwork/filing and continued compliance. There is something not 100% here that needs to be 100% for the massive adoption I would want Kinesis to get to.
Business model issues – I think the “paid to hold” is awesome, but when fees cannot support the costs at the moment, you literally are paying someone to hold metals for them. This means a massive concentration needs to be shifted more towards getting more users and promoting more transactions to collect these fees. If 95% of the people just bought gold and let it sit for 20 years, the friction to get the gold in the system would not cover that long term storage costs. I think the debit card in the US could be top priority, and people like the head fry cook would be out there pounding this to everyone and anyone. I could even show how I’d put thousands in a month and pay all of my costs with it. Potentially the underlying idea is the gold and $20 bill – that maybe you are buying in at $23 silver and by the time that KAG is sold it is $24. This provided you more spending power. This concept over time can prove to be a winner for adoption. That being said, I think the holder fee is tiny, so it might not be breaking the bank at the moment. I do like the idea of people minting into existence and buying on the open market, but sending gold/silver in also has a ton of headaches/costs and may not be something worthwhile. Redeeming it is absolutely AWESOME! You might also provide an option for silver to be perhaps 1 oz as well – I can get a 2 100 oz bars sent to me for a small fee. But it would be interesting if a user could instead buy 200 oz in 1 oz Kinesis rounds for a cost of maybe 1.1 KAG each. So for 220 KAG they can get 10 tubes of 1 oz rounds. If someone has 1000 oz they like to cash out, perhaps it makes sense where they want 8 x 100 oz bars with 200 rounds. Having some other cash out options might be interesting here down the road.
What happens if bad things happen – I think there needs to be discussion about what kind things can go wrong, and how the end users don’t get screwed. None of us know if this exchange with the non-ABDC side of things has been run like some of the other exchanges. With this, I don’t see the risk of gold in the vaults, but perhaps damage to the company via the non-ABDCs. How do people ensure they get their metals or pay outs? How would they get it? How long would it take? I think this is another part of the growth story with de-risking. Specific scenarios should be explained, verbally, in video, with corresponding policies that support that. Right now the albatross pointed out is “bailee” and this is a whole area that can help to de-risk the product more.
Capturing crypto audience – I’d like to start an initiative to discuss with many influential crypto and bitcoin holders about their understanding of gold, silver, and Kinesis. I would want to try and have a dialogue with the biggest influencers out there about what the product is. At the peak of crypto, there was something like $2T market caps. Gold is like a $12T market cap. If you want to capture “1%” of gold transactions, these people are your gateway drug there. They are understanding the story about fiat, but all are playing a certain coin for a lottery ticket. It’s very easy to then show gold’s price from 1971 to 1980 or 2000 to 2011 as how the underlying asset, gold, can make SUBSTANTIAL moves in a bull market, but owning gold on the blockchain does not have the inherent risk of owning a token that has no backing. One can just see all of the crypto exchanges dying now and see that owning a portion of their crypto in gold and silver assets is “safe”. If you can convert these people to even have 5% of their holdings in tokenized gold/silver, you are looking at potentially $100b in investment into Kinesis/Lode/Cache in a very short time.
Urgency to move quickly – I believe we will be in a raging commodities market the second half of the decade, and one can show all of the metals analysts who are calling for $3,000, $5,000, or even $10,000 gold by the end of the decade. At a $1900 entry point for gold, and $24 entry point for silver, one could buy gold and silver in this vault, get rewards for holding it (instead of paying out), and spend it anytime they like or have metals sent to them anywhere. At issue is education on commodities cycles should also take place – not to advise users of investing, but educating them on past commodities cycles and timing entries. Every video or media communication I’d have would have some form of urgency with this. Not 911-level raging danger, but I feel that messaging is important, like “now is the best time to hold gold”. These types of messages, everywhere, can help drive people to get in, today.
Employee rewards – I have no idea how the folks there are compensated, but there should, in a theory, by a base pay and employees linked to a KVT of sorts. Maybe the company owns 1,000-2,000 KVTs and with this, an employee is assigned a certain number of KVTs while they are employed, but still owned by KMS. Perhaps 1 at start, 1 for every year of service, and 1 on special rewards. Execs might get double to retain your core leadership. When a person moves on from the company, the KVT is re-assigned back to the company. This has every single employee, day in, and day out, focused on the mission of getting more adoption and usage of the system. This TYPE of business will be like a Wheaton Precious Metals – ridiculous amount of revenue can be driven per employee. WPM generates $1.1b in revenue per year with 45 employees. KMS could have a similar situation, as explosive upward adoption of the product may require more personnel, but not relative to the existing workforce. More IT usage may mean adding more horsepower with every 50,000 users. Perhaps a lot of this is moved to Amazon Web Services so no IT data center is needed, and you pay for the usage, as needed. A company like this should have pay commensurate with the industry, BUT be HIGHLY tied to growing the company. It is possible that with a lot of success, the company could purchase back KVT to then assign to employees, while they are there. Maybe someone who has been there since 2017 has a KVT for starting, and 6 more for the years of service. Today, that means nothing because no yields have gone out. Even IF yields went out, today, they’d only be a few bucks per KVT. However, the company can show how strategic adoption and usage CAN increase the amount of KVT payouts, by a lot. A KVT sold for $1,000 would perhaps have a yield of $70 per year (7%). That might be your base case, but when you talk about perhaps billions coming in to invest, and hundreds of thousands of debit card transactions daily, you can show a glide path to you employees how each KVT could get you $5,000-$30,000 more per year, per KVT. At 5 years of service, 25% of your KVTs are yours and the company sends them to you on the exchange. At 10 years of being with Kinesis, you are 50% vested and those KVTs are now yours. Execs fully vested at 10 years. For other employees 20 years, fully vested. If you have perhaps 25 KVTs and you can retire at 20 years, and each one is giving you $20,000 per year in yields, you are looking at $450k per year retirement income. This type of carrot can be VERY effective with long term team members sticking around. It can also be an amazing carrot to hire in new employees that are hungry – base pay is market rates, but the upside can be tremendous with their sweat equity getting poured into it.
Going concern – It is very important to me as a stakeholder about things like this. This is a private company – so this isn’t like you can go download a 10-K from somewhere. I can do math, and know that the fees coming in are not keeping the lights on. I do a LOT of investing in gold/silver explorers, developers, and junior producers, so I’m very comfortable with the concept of a startup. However, there needs to be a clear path as to when a company can stand on its own with revenues. By easy math, Kinesis is not there yet. From pictures posted by Kinesis, you could see perhaps 50-100 employees worldwide. You obviously have data center, building rent, etc. The KVTs were similar to an IPO in that it gave Kinesis startup money – with 300,000 KVT ever created, the issue here then is this – how much startup revenue existed, and what is the cash burn rate per month. These are things easily seen with a public company, but not a private company. No one also knows if Kinesis borrowed money to start. Or if there are Angel investors. Perhaps there is a Sprott-like entity that is a backstop here. If there are 50 employees, and it might cost $100,000 per year average for them, with medical, that’s $5m per year or $600k per month cash burn rate. If income from fees is $20k per month to the company, this doesn’t keep the lights on. If there was $200m from the sale of KVTs and monthly office/ IT/energy/labor costs of maybe $1m, you would think that the “seed” money would keep the lights on for 200 months, or about 16 years. Maybe there were CAPEX and one-time costs. At issue, is I would feel it would be of interest to show that there are many years of cash burn in the piggy bank, and then show a graph with an intercept which shows a possible date where Kinesis would be able to stand on its own. The cash that is left can be invested in gold in the vault or “KVT buy backs” which can then go to employees as part of the compensation above for years to come. Unallocated KVT revenues (owned by the company, but not assigned to an employee, yet) can go to the company piggy bank.
Support – I mentioned about a lot of the FAQ above. Most of the support questions I asked were not really answered, or had half answers and “in the future”. Friendly – that’s not the issue. The issue is support can potentially have scripts they can have prepared for them to answer common questions in the FAQ or point people to a timeline of events. Too much time may have to be devoted towards a lot of questions that many people like myself may be asking. “Pre-approved” scripts can be copied/pasted in, or “tier zero” type of support on the page can exist as an entry point to ask/solve problems.
Banking – it was problematic for me to get thousands from the sale of silver to Kinesis last year. I wanted to try mint cycling, and had bought some silver on the exchange. I had detailed my experience – where I went to my bank and told them to wire thousands to this location. They told me they can’t, as they can’t find it in their system. I had to verify it was correct with Kinesis and then sign a document at the bank that says the thousands I’m sending may go off into the ether, never to be seen again. That was….not pleasant. I felt, for a moment, like I was sending money to a shady Colombian drug lord. Why was there a problem? I have heard this issue has been cleared up. Years ago, I was able to set up “ACH” with OneGold to my bank account. I set up the account, OneGold sent two small transactions to my account, I told them what they were, then all was well. I could send directly from my bank to them through their platform. I was even able to set up a withdraw every week for it to then buy silver. If I could set this up weekly to draw from my bank account, then I can have the virtual debit card to spend on food, gas, clothing, expenses – that would be ideal for me. “How to” videos on how to set this up might be good. I would want all users to know that sending money from US banks to Kinesis and bank is 100000% safe and quick – and cheap. The WIRE transfer cost me like $70 something. ACH transfers here are quick and cheap.
Commercial Market penetration – Ideally, I think in 5-10 years, the signs should all look like this….and it makes sense to think like this as a company.
To the best of my understanding, merchants are all charged like 3% for transactions. When I went to the coin shop, they had a policy to pass on that 3% to you. I can see a reality in the future where there is a 3% surcharge for ALL transactions to use these cards. Today, I feel they are baked into the prices, most places. However, if it costs a merchant .45% to use Kinesis and 3% to use Visa, and these charges are passed on to the customer – many will wonder how to get Kinesis debt cards.
I had heard at some future point, Kinesis was to have the virtual debit card rolled out to the US. Would love to have dates set up with this, and more videos like Kevins out there to be used for promotional types of items on the Kinesis Twitter or other platforms. Slogans like “gold can be spent as money again” may be somewhat misleading, but the fact is, you can salami slice gold and silver into tiny slivers to sell off instantly is impressive and should be revealed on a wide scale.
Establish US presence – Obviously Kinesis is a global company, but there should be a virtual office here that deals with partnerships, PACs, advertisement, redundancy, banking liaisons, support, etc. With the silly amount of USD that could come into this product, it makes sense to have a virtual US office to drive more adoption here. I think this office needs to focus a LOT on US-driven Kinesis knowledge, education, advertisement, outreach, and recruitment.
Beneficiary plans – One of my concerns with something like this is – what if I die? How does this stuff get passed to my wife and kids? I believe everything here should have some sort of beneficiary stood up with it. I haven’t looked in awhile, it could be there for all I know now. Obviously, the cold wallet type of thing gets layers of complexity with it, but I would like the ability for my estate, my wife, etc, be able to contact Kinesis to be able to transfer my account to them. I believe with this there needs to be some form of KYC with the beneficiary – OR the account can get closed/liquidated and a check is sent to the beneficiary in USD.
Real-time metrics on the Indonesia project (internal)– it would be useful to see a dashboard of users from Indonesia and the amount they are contributing to the fee pool real time. What this would do would be to serve as a benchmark and performance for how this kind of adoption would work for this type of implementation. What should be external would be the amount of users with this system, and specific goals of users with this system over time. I read somewhere there were 9m remote workers. If they even have 30 stood up now, it would be progress shown. Daily users could see this number grow. As a KVT stakeholder – this type of project progress is very interesting to me. I don’t necessarily want to hear once a quarter that “things are good”. It might be nice to see a chart or box with a user number that ticks up daily/weekly I can track myself.
Cryptocurrency conferences – not sure how many of these are out there these days, but I’d ensure there’s a spot there for Kinesis to get the word out. You would probably need a sales guy who gets a good amount of KVTs with compensation to drive this bus. Most people involved in crypto got half the story right. The other half is playing for a lottery ticket rather than trying to store your wealth. A STRONG sales person who can literally make millions off of KVTs with mass adoption is about the most highly motivated weapon you can find. I’m not talking knife sales, I’m talking someone who can sell ice to an eskimo that has a detailed track record of sales – that is also a strong Kinesis believer already. This person needs to be able to do tech speak with blockchain terminology and be thoroughly apprised with the up to the minute details of every project. This person can be an understudy to the head fry cook position.
WIRED and other online types of magazines – work to see if interviews could be setup to reach out to some of the tech heads out there. Many know bad stuff is going on, but don’t necessarily know what to do about it. It is possible that more media presence could be extremely beneficial.
Bloggers/Influencers/Stackers – there’s a decent sized community that loves everything precious metals. I have written articles about “How to Layer Your Gold and Silver Investments” because people don’t realize how silly it is to have 5,000 oz of silver at home. Many live in a city and have roommates and might only be able to get their hands on a few ounces. If they could “stack” in kinesis, perhaps someday when they move to the suburbs they want to take delivery of their 42 100 oz silver bars they saved up. Perhaps it’s a way to stack gold? Even going on stacker shows to discuss some of the alternatives to having 10,000 silver ounces in their home with Kinesis can be extremely beneficial. Some of these stacker shows have 100k viewers.
Gold/silver ratio – I would have a tab on this, about how gold and silver had a historic ratio of 16:1 for 5000 years, and the last 100 years or so it was 40:1. A real-time tracker on their site can show you the ratios and explain how when the ratio is over so much, silver is favored. Under so much, gold is favored. And, how someone could buy silver at 80:1 and sell at 20:1 and buy gold – essentially buying 4x as much gold as if they would have today.
Educational material – I think anyone that comes to that site needs to have a “Why invest in precious metals” tab or link prominently displayed. It can give links to other resources, like the Hidden Secrets of money, videos on Weimar, dow/real estate to gold ratios (wealth cycles), asset classes, hedging against fiat, how to layer investments, cyclical investing, etc. No one really understands much how much silver is used, the mine life situation, ore grade situation, lack of primary producers, etc.
“Old school vaulting” versus Kinesis – I believe a whole section needs to be dedicated to this, as you have “vaulters” who require payment monthly to store precious metals at odds with a Kinesis-like system which pays people to store there. With Kinesis, you are also vaulting, but you have a front end to easily spend those ounces. This is a threat to traditional vaulting companies and completely stands the industry on its head. If I’m a millionaire and want to buy $1m in gold and have it vaulted, why would I then pay a monthly fee on this in some remote area halfway across the country when I could get PAID to vault it with Kinesis, AND I can spend it immediately or have it shipped to me? At issue here is I think the way forward is to present Kinesis as an evolution of the “old vaulting” system in some videos on the site and on YouTube. If someone is hesitant to move their $1m pile to you, perhaps ask for a fraction of the business – perhaps $50k-100k, and test it out for a few months to see if they like the yields, the interface, and the ability to spend if need be, in a second’s notice. Getting a few whales hooked on this may get very sizable deposits and their whale friends to come in.
I feel Kinesis is a genius and revolutionary company and want in on the ground floor before this thing becomes a household name in 5-8 years with $5,000 gold. Using a debit card to spend your gold/silver in real time is also the next level of commerce. One can see gold is potentially coming back to a large portion of the worldwide population. Many may want to own physical gold or silver, but also cannot buy it soon without massive premiums. I believe Kinesis IS the product of the next decade, and it has to use the current gold/silver cycle to start to gain serious amount of users to ensure it can keep the lights on and then absolutely thrive for years to come.
I think the CEO has done an amazing job getting us to this point, but I feel Kinesis needs someone “playing center field” in their top ranks to rapidly help this product get massive adoption in a short time span while understanding project management, marketing, IT, cyber, and physical security. From what I had recalled of the org chart a few years back – they had amazing talent. But nevertheless, there’s a gap here that all of that smartness is not getting into the brains of a lot of the people not involved in Kinesis yet, and above is a roadmap to get there.
Will they hire a head fry cook? Maybe, maybe not. But if I got the call, I’d DEFINITELY listen. Love my current job, but this company is something special. Imagine when you have people who are highly vested in the success of your product giving everything they have to guarantee its success? You cannot put a job description out for this. These people find you, and you find a way to mobilize them.
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