Kinesis claims to operate an open source, decentralized blockchain featuring token circulation that is "verifiable on the Kinesis blockchain." This article attempts to verify that claim.
You didn't answer my question. No where in this article does Kinesis claim to be decentralized. It is a general statement about decentralized banking as being one of several substitutes (as well as financial freedom, sound money, and emerging alternatives) to the outdated banking system and fiat currency. Then I scroll down and see articles about Bitcoin and Tether. Last I checked Bitcoin was decentralized. It's great that they are being inclusive to other alternatives. I understand how you could jump to that conclusion. My only recommendation is to read for content not just to see what you want to see and sound bites. Good day Crypto Misinformer
development of a universally adopted, decentralized,
asset-backed monetary system."
"This system combines new
world decentralized technology with the oldest,
fairest, and most sustainable form of money, to
empower and serve the interests of us all equally and
capitalistically."
Page 5
"While the early cryptocurrencies have laid the
blueprint for a decentralized future, their current
limitations prevent their sustainable use in
commercial applications. Nevertheless, they have
paved the way forward for new and improved
innovations like the Kinesis Monetary System."
Page 6
"Given this information it is clearly evident that
having a central authority, whether it be banks or
government, at the center of a monetary system is
inherently problematic. These are the issues a stable
and decentralized alternative like Kinesis aims to
solve."
How ironic. Kinesis is totally centralized and their yield system is completely centralized through their own exchange requiring KYC. Furthermore, yields can only be received into a centralized exchange account even if the user holds their balance on chain.
Page 23
"We believe that Kinesis has the power and design to
address the multitude of flawed cryptocurrencies in
the marketplace. Kinesis stands ready to energize
the next wave of innovation in the blockchain and
decentralized cryptocurrency space. We look forward
to your participation and welcome you to Kinesis."
Is that enough references to "decentralized"?
Did Kinesis ever disclose anywhere that they decided to move to a fully centralized model?
Where has Kinesis ever referred to themselves as a decentralized platform?
Zero effort to find this, https://kinesis.money/blog/financial-freedom/
Also was mentioned in podcasts and interviews.
Probably other places.
You didn't answer my question. No where in this article does Kinesis claim to be decentralized. It is a general statement about decentralized banking as being one of several substitutes (as well as financial freedom, sound money, and emerging alternatives) to the outdated banking system and fiat currency. Then I scroll down and see articles about Bitcoin and Tether. Last I checked Bitcoin was decentralized. It's great that they are being inclusive to other alternatives. I understand how you could jump to that conclusion. My only recommendation is to read for content not just to see what you want to see and sound bites. Good day Crypto Misinformer
Your question was answered, you just didn't like the answer.
How about the whitepaper? Is that a good enough reference for you?
https://kinesis.money/wp-content/uploads/2021/07/kinesis-whitepaper-en.pdf
Page 3
"The Kinesis Monetary System is specifically
designed to overcome these drawbacks through the
development of a universally adopted, decentralized,
asset-backed monetary system."
"This system combines new
world decentralized technology with the oldest,
fairest, and most sustainable form of money, to
empower and serve the interests of us all equally and
capitalistically."
Page 5
"While the early cryptocurrencies have laid the
blueprint for a decentralized future, their current
limitations prevent their sustainable use in
commercial applications. Nevertheless, they have
paved the way forward for new and improved
innovations like the Kinesis Monetary System."
Page 6
"Given this information it is clearly evident that
having a central authority, whether it be banks or
government, at the center of a monetary system is
inherently problematic. These are the issues a stable
and decentralized alternative like Kinesis aims to
solve."
How ironic. Kinesis is totally centralized and their yield system is completely centralized through their own exchange requiring KYC. Furthermore, yields can only be received into a centralized exchange account even if the user holds their balance on chain.
Page 23
"We believe that Kinesis has the power and design to
address the multitude of flawed cryptocurrencies in
the marketplace. Kinesis stands ready to energize
the next wave of innovation in the blockchain and
decentralized cryptocurrency space. We look forward
to your participation and welcome you to Kinesis."
Is that enough references to "decentralized"?
Did Kinesis ever disclose anywhere that they decided to move to a fully centralized model?