391–395 of 395 posts
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What's the value of 1 Kong in USD, showing that would be helpful on your website front page.
Kong is very new. Only a few thousand are out there. Frustratingly, or perhaps amusingly, it doesn't yet have an agreed upon value. I don't think it's appropriate for us to set one.
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I think it's a real problem already solved by hedging with real non-crypto things. Don't need crypto for that.
All of the other mechanisms of hedging inflation have issues. Crypto has issues too, of course, but the important point is that it's issues are different and uncorrelated to traditional inflation hedges. If you can hedge the same risk in more than one way, you should, because it will reduce your overall volatility.
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The bills are intended to be spent hand-to-hand in meatspace with cryptographic validation. See section 2.1 [1] The innovation of Bitcoin was decentralized electronic peer-to-peer cash. Kong does not remove any of those elements and makes the overhead of the peer-to-peer bit easier. Physical cash is still the dominant form of payment. The advancement here is figuring out how to issue physical cash without needing a c…
What does Kong bring to the table that a gold coin does not?
(of course there are empirical methods for proving gold is gold, but being able to do it with NFC is neat)
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Kong bills are far harder to counterfeit than cash bills. Counterfeits non-obvious to the naked eye only require producing a convincing plastic film and hologram. Compromising the secure element to extract the private key requires advanced mechano-electronic skills.
Yes but counterfeit bills are very rare but broken Kong bills will be very common . Counterfeiting a bill requires special technology and evading the police. Breaking a Kong bill requires putting it into a wallet with too aggressive a fold.
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This is a truly unbelievable answer to the question you were asked.
You think? If someone is paying them money for the manufacturing of goods, then regardless of the value and utility of those goods, I’d say they have a business.