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Don't buy Bitcoin. ​​

Upgrade the money you already own.

The benefits of crypto.

Without the risks.



Blockchain technology allows scarce "digital gold" to be created. The result has been a virtual gold rush to acquire cryptocurrencies like Bitcoin, in which fortunes have been made – and also lost. There are people who got in early and achieved 10,000x returns, but many more who got in late and saw their crypto-portfolios collapse. Betting money on new, unproven currencies is not a game most people can afford to play. It's definitely not a low-risk path to financial stability.

Unfortunately, there are also serious problems with today's government-issued money, including the U.S. Dollar. Since 1971, the Dollar has not been backed by gold, so the Federal Reserve can print an unlimited quantity. Anyone who understands the law of supply and demand sees the obvious danger: If the government resorts to printing money in an economic crisis, the value of all the existing money could be reduced or destroyed.



Many people have argued that Bitcoin is the solution to this problem. Others have claimed it's a pyramid scheme. In truth, it's something even more dangerous: A technological innovation that could make all prior money obsolete. That's great news for the early adopters of Bitcoin, but bad news for the billions of people stuck with "old money" that won't hold its value.

Pyramid schemes collapse because nobody can be forced to join the bottom layer. Yet the early adopters of Bitcoin are betting they can force the rest of the world into that position using the technological superiority of their money. They already control 85% of all the Bitcoin that will ever exist – and they want to force you to buy it from them. 

What if the best parts of Bitcoin could be added to the money everyone already owns? Wouldn't that be a fairer, safer way to introduce blockchain technology to the world? We think so, and that's why we created KRNC – the first blockchain protocol that upgrades fiat money with scarce digital gold. 

You don't have to buy anything in KRNC. If you have government-issued money on deposit at a bank, you are entitled to receive digital gold for free. The limited supply of digital gold provides guaranteed scarcity to your money – just like the original "gold standard." In KRNC, the gold is digital rather than physical, so it gets issued directly to you instead of being locked in a bank vault. That's important, because it means you don't have to trust Central Banks to maintain adequate reserves. You control the digital gold and - just like with Bitcoin – no government can print more.   

Bitcoin is a replacement.

KRNC is an upgrade.

You already own KRNC.

You just have to claim it.



Protocols like Bitcoin force the public to trade in their fiat money to acquire cryptocurrency. This is a massive barrier to adoption. Worse, fiat money has overwhelming network effects: like Facebook, everyone uses it because everyone else uses it. 

KRNC solves that problem by "forking" fiat balances, so everyone who owns fiat money can join for free. No one is forced to buy new money; their existing balances are imported to the blockchain. Joining the internet of value becomes as convenient as logging in to online banking. 


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Proof-of-Work and Proof-of-Stake protocols are vulnerable to 51% attacks, because a wealth adversary can afford to purchase the majority of a protocol's mining power or cryptographic stakes. The problem with these security methods is that they only measure new costs that are incurred specifically for the purpose of participating in consensus. 

In KRNC, voting power is distributed to the public for free in proportion to the trillions of dollars in fiat currency they already own. This captures the sunk costs that everyone has already incurred to acquire money. 
These costs are so immense that no adversary can afford to acquire 51% of the world's fiat bank deposits. 


Cryptocurrencies are a high-risk investment, because they rely on fleeting technological advantages to distinguish themselves from one another. When a protocol's value proposition is based on that kind of temporary superiority – like having the fastest transaction execution or the most advanced cryptography – its entire reason for existing can evaporate as soon as a competitor with newer technology appears. 

The value of KRNC is different: it's based on which balances are recorded in the ledger, not how those balances are recorded. This allows the ledger to retain an enduring advantage as technology advances, since the protocol itself can be upgraded without affecting what makes the ledger a compelling store of value. 

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