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Crypto Informer Profile picture
Crypto Informer
@cryptoinformer0
2 subscribers
Sep 8, 2023 • 6 tweets • 2 min read
@ParrotCapital After the fact that Kinesis had shifted more than 2/3 of their gold to Turkey and converted much of their LBMA holdings to non-LBMA Kinesis branded bars, they stopped reporting the distribution of their assets between vaults. @ParrotCapital Stranger still, despite all the fanfare about Kinesis "big Indonesia project", none of their "audits" have ever indicated any gold stored in Indonesia and Indonesia specifically requires LBMA gold.

Jun 13, 2023 • 12 tweets • 6 min read
Disninformation Derek is on a roll today

Kinesis' BS "blockchain" is fully centralized and fully operated and controlled by Kinesis. They change the code at will. Bitcoin it is not.

ABX is "audited" Kinesis is not.

forum.kinesis.money/threads/joe-br…

Image ABX's "audit" doesn't even provide details on which vault stores which assets or the gross or fine weight of these assets.

Totally worthless "audit"

As of Jan 2023 (the last audit provided location detail) KInesis was shifting most holdings to Turkey.

Mar 7, 2023 • 4 tweets • 3 min read
How can a "decentralized* blockchain" forget to pay out the yields?

*not really but Kinesis says so in the whitepaper (pages 3, 6, 23)

kinesis.money/resources/kine…

Is Kinesis the company really claiming they are not a "central authority" at the center of their "monetary system" and their "blockchain"?

🤣🤡

If they are not a "central authority" why do they have to take some action to ensure the yields are paid?

kinesis.money/resources/kine…
Mar 7, 2023 • 4 tweets • 3 min read
What's this?

Why are Kinesis Money users complaining that they haven't received their February yields yet?

There are blockchain transactions related to Feb 2023 yields on Mar 1 2023

explorer.kinesis.money/account/GCO75U…

How can the payout lag by a week or more?

forum.kinesis.money/threads/yields… What happened to this?

"Through Kinesis blockchain wallet technology, our users – whether an individual or organisation – can easily send digitised physical gold or silver anywhere in the world, with settlement times of just 3 seconds, 24/7."

securities.io/thomas-coughli…
Mar 7, 2023 • 6 tweets • 4 min read
No that would be another Kinesis promise broken

$KVT yields were to be paid by the end of 2021

They're now 16 months in default on that

And what about the $KVT buy-back program?

Any news on that?

forum.kinesis.money/threads/yields…

kinesis.money/resources/kine… 5% of revenue* to date is about about $1.2 million USD. Has Kinesis spent $1.2 million USD buying back $KVT?

They're still giving $KVT away in exchange for creating artificial volume on their exchange and even selling some in a one-way market *claimed

Mar 6, 2023 • 4 tweets • 3 min read
Look at that, the Kinesis community found still more Kinesis Money audit oddities!

forum.kinesis.money/threads/my-not…

A 100 gram bar was recorded as 10.967 ounces (341.112 grams)

Page 4 👇

kinesis.money/wp-content/upl… dsr7654 didn't realize that 1,000 ounces silver bars don't weigh exactly 1,000 ounces

However, he or she points out that they did weigh 1,000 ounce bars

Page 51 & 52

kinesis.money/wp-content/upl…
Mar 6, 2023 • 16 tweets • 10 min read
How honestly has Kinesis represented their audits?

Not very.

$KAU $KAG $KVT
Mar 5, 2023 • 10 tweets • 5 min read
Kinesis is a real innovator in crypto

Don't want the price of your shitcoin to collapse? No problem, make the market buy only!

Of course this only works if your shitcoin is traded on a single exchange you control

🤡🤣

#trueinnovation

$KVT

forum.kinesis.money/threads/kvt-fo… Wait a sec

"There are some community members that have been serving as market makers in the interim period (e.g.: @Forsytjr) He's generous and gives out discounts and I have bought from him too. Can recommend."

🤔😕 Are "community members" licensed to sell securities?
Mar 5, 2023 • 18 tweets • 11 min read
#KinesisMoney audit oddities

It's just amazing what you'll find if you actually read these audits

Is 1 equal to 2.5% of 252? 🤔😕

How "random" are those samples if the same bar was chosen twice?

Pages 13 & 14

kinesis.money/resources/kine… ImageImage More duplicate serial numbers

Pages 7 & 8

kinesis.money/resources/kine… Image
Feb 21, 2023 • 4 tweets • 2 min read
🤔 So #KinesisMoney forgoes storing in Dubai, London, Panama and Batam while using as many as 3 different storage locations in some of the other cities and keeping 68% of the gold in Turkey as non-LBMA Kinesis bars

Why? Image Why does the #KinesisMoney website always seem to be full of things that aren't true?
Feb 2, 2023 • 4 tweets • 2 min read
He's onto us.

🤖 Error, error. Initiating self-destruct sequence. 🤖

🤣🤣🤣

#KinesisMoney $KAU $KAG $KVT

🤖🤖🤖🤖🤖

vs

🤡🤡🤡🤡🤡
Jan 27, 2023 • 5 tweets • 4 min read
Who wants to take a ride on the Kinesis Monetary System Magic Mint Cycle?

In this new article you will learn where all the yields really come from in the Kinesis Monetary System 👇

#KinesisMoney $KVT $KAG $KAU

cryptoinformer.substack.com/p/the-kinesis-… If you prefer short form, the thread below has most of the key details 👇

Jan 27, 2023 • 12 tweets • 7 min read
Visualizing the #KinesisMoney $KAU "Emissions account".

Kinesis says the "Emissions account" is supposed to be both the mint and the redeem address.

The on chain data looks different. Image It's the "Root account" that seems to be the real mint along with the "Inflation account' and the "Other inflation account". These are the three accounts that transfer out tokens they never received in the first place. This is what would be traditionally thought of as "minting". Image
Dec 24, 2022 • 20 tweets • 9 min read
🪙#Gold tokens are small compared to total crypto markets, but the top 3 are still almost $1 billion in TVL

1 PAX Gold $PAXG - $485 million USD
2 Tether Gold $XAUT - $441 million USD
3 Kinesis Money $KAU - $64 million USD (Jun 22)

cryptoinformer.substack.com/p/gold-backed-…

🚩 let's explore 🧵👇 PAX Gold $PAXG:

✅ Assets held in a trust
✅ Regulated (NYDFS)
✅ Attestations (Monthly)
✅ Transparent token supply and holder data
🚫 No Audits
🚫 No complete asset list
🚫 Allocation data incomplete
🚫 Attestations are not timely (latest Oct 2022)
🚫 Paxos runs #Binance $BUSD