Tom Coughlin - CEO at Kinesis
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 29 June 2018
⏱️ 21 minutes
🧾️ Download transcript
Summary
The Kinesis Monetary System is an evolutionary step beyond any monetary system available in the world today. It enhances money as both a store of value and a medium of exchange and has been developed for the benefit of all. Core to the mechanics of the system is the perpetual incentive and thus stimulus for money velocity. Outside capital is attracted into Kinesis via a highly attractive risk/return ratio and then put into highly stimulated movement, promoting commerce and economic activity.
This is achieved through structuring money to represent 100% allocated title of an asset and then attaching a unique multifaceted yield system that fairly shares the wealth generated by the system according to participation and money velocity.
Transcript
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| 0:00.0 | Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:07.0 | Future Technologies Hoyts to transform our lives for better or worse or the focus of this podcast. |
| 0:13.0 | Almost here means these technologies are now here and starting to be used. |
| 0:17.0 | Or just around the corner, for Bitcoin to artificial intelligence, |
| 0:21.0 | 3D printing, blockchain, virtual reality, and more. |
| 0:25.1 | Hello everyone and welcome to Feature Tech Podcast. |
| 0:30.6 | I'm your host, Juliet Lamar, And we have with us today, Tom Coghlan, he is the CEO at Canesis Limited. Welcome, Tom. |
| 0:39.7 | Thank you very much, Juliet. Thanks for having me on the show. |
| 0:42.1 | Absolutely. I'm very excited to have you here. So why don't you go ahead and give us a little bit of background about |
| 0:47.6 | Canesis and what you do? Sure. So what we're developing at Canesis is a monetary system actually it's a monetary system |
| 0:57.6 | designed to be secure efficient and rewarding and ultimately it's it's designed for the benefit of everyone |
| 1:08.0 | both collectively and individually and really |
| 1:14.0 | focused in on at Canesis is developing sound money so and successful money |
| 1:20.0 | and in doing so we really honed in on the two primary factors of what makes |
| 1:28.5 | money successful and what makes money successful is it being an efficient medium of exchange and an effective store of value. |
| 1:38.0 | So as an effective store of value we've chosen actually the, the greatest store of value of all time which |
| 1:45.8 | is gold it's independently valued by civilizations all around the world and so it's |
| 1:52.0 | held its value over time throughout millennia better than any other asset actually and |
| 1:58.3 | So that's sort of and what we've done I guess from there to cover off on the efficient medium of exchange is put it on the |
| 2:08.1 | the blockchain ultimately so we've adopted the latest and the greatest of innovative technology and ultimately put on the |
| 2:20.3 | blockchain a highly efficient rail system to connect one party with another party |
| 2:26.3 | throughout the world. |
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