The Crypto Solutions
The recent development of crypto tokens has created a unique benefit for Star Money.
For these purposes we can break down crypto into stable-coins and non-stable-coins. Stable-coins are crypto currencies whos value is tied to another currency, commodity, or financial instrument.
As an example, USD coin is pegged in value to the US dollar.
This USD coin is a fiat money stable-coin. USD and Tether are not Star Money. Star Money is independent of a government.
Star Money gold-backed-stable-coins can be represented by the Kinesis KAU.
There is a 1 coin to 1 gram linkage in gold for this KAU coin. The benefits of using Star Money crypto is that it is easier to trade, send and receive, and purchase and sell the crypto assets. The risk of loss in carrying 31 grams of physical gold is much less when the Star Money is represented as a crypto asset. KAU is Star Money.
The use of crypto always assumes that there is electrical power to the platform that provides the crypto asset. Our power grid is only ~ 200 years old. As long as there is electricity, there can be crypto.
Non-stable-coins can be best represented by Bitcoin or Ethereal. The value is based on demand or value of the investors in bitcoin, there is no underlying value. This makes Bitcoin another representation of a fiat currency. The intention was to make Bitcoin a decentralized currency, but with ETF’s Exchange Traded Funds and governments utilizing the crypto coins, it begins to act more like an investment where the value is traded by paper and some of the inputs to value can be hidden or manipulated.
Bitcoin is not Star Money.