I think this path makes sense, though I think it needs to be expanded to other assets, not just PMs. I also fear kinesis specifically becoming a monopoly.

Their business model (where they get a portion of each transaction) will inevitably lead to them holding all the money eventually, at least potentially. In a system with a fixed amount of something, if someone get's a tiny percent of it each year, eventually that adds up to the whole thing. Of course if they buy things, then it goes back out into the system, but the potential is there. Even if they hold a portion of the total (say 10%) they can create huge manipulations to the world's economy if the world is relying on the currencies they control.

Historically "hording" (as the above scenario is called) has been the cause of all "economic collapse" problems prior to fractional reserve lending. This is no small concern.

I think this path makes sense, though I think it needs to be expanded other assets, not just PMs. I also fear kinesis specifically becoming a monopoly.

Their business model (where they get a portion of each transaction) will inevitably lead to them holding all the money eventually, at least potentially. In a system with a fixed amount of something, if someone get's a tiny percent of it each year, eventually that adds up to the whole thing. Of course if they buy things, then it goes back out into the system, but the potential is there. Even if they hold a portion of the total (say 10%) they can create huge manipulations to the world's economy if the world is relying on the currencies they control.

Historically "hording" (as the above scenario is called) has been the cause of all "economic collapse" problems prior to fractional reserve lending. This is no small concern.

I think this path makes sense, though I think it needs to be expanded. I also fear kinesis specifically becoming a monopoly.

Their business model (where they get a portion of each transaction) will inevitably lead to them holding all the money eventually, at least potentially. In a system with a fixed amount of something, if someone get's a tiny percent of it each year, eventually that adds up to the whole thing. Of course if they buy things, then it goes back out into the system, but the potential is there. Even if they hold a portion of the total (say 10%) they can create huge manipulations to the world's economy if the world is relying on the currencies they control.

Historically "hording" (as the above scenario is called) has been the cause of all "economic collapse" problems prior to fractional reserve lending. This is no small concern.

I think this path makes sense, though I think it needs to be expanded. I also fear kinesis specifically becoming a monopoly.

Their business model (where they get a portion of each transaction) will inevitably lead to them holding all the money eventually, at least potentially. In a system with a fixed amount of something, if someone get's a tiny percent of it each year, eventually that adds up to the whole thing. Of course if they buy things, then it goes back out into the system, but the potential is there. Even if they hold a portion of the total (say 10%) they can create huge manipulations to the world's economy.

Historically "hording" (as the above scenario is called) has been the cause of all "economic collapse" problems prior to fractional reserve lending. This is no small concern.

I think this path makes sense, though I think it needs to be expanded. I also fear kinesis specifically becoming a monopoly.

Their business model (where they get a portion of each transaction) will inevitably lead to them holding all the money eventually, at least potentially. In a system with a fixed amount of something, if someone get's a tiny percent of it each year, eventually that adds up to the whole thing. Of course if they buy things, then it goes back out into the system, but the potential is there.

Historically "hording" (as the above scenario is called) has been the cause of all "economic collapse" problems prior to fractional reserve lending. This is no small concern.