Cormac Kinney

34 posts

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Cormac Kinney

Cormac Kinney

@CormacKinney

Software entrepreneur with innovations cited in nearly 4,000 U.S. Patents.

New York, NY Katılım Şubat 2019
37 Takip Edilen299 Takipçiler
Cormac Kinney
Cormac Kinney@CormacKinney·
@BitrueOfficial @DiamondStandard $Carat are unique - the only token issued by a blockchain native, market traded commodity. They’re not issued by a sponsor or an algorithm, which makes Carats exempt from money transmitter licenses.
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Cormac Kinney
Cormac Kinney@CormacKinney·
@DiamondStandard commodities contain natural diamonds and a wireless chip for blockchain transactions. This is the foundation for a digital currency for BRICS countries, with a redeemable reserve managed by the public.
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Cormac Kinney
Cormac Kinney@CormacKinney·
Reminder for investors with profits from selling @DiamondStandard tokens... You are responsible for reporting your capital gains. Unlike crypto exchanges, we do not file a 1099 with the IRS for you.
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Lee
Lee@leebeck1·
@hedera @DiamondStandard The truth “We chose to build on #Hedera because we got a huge cash injection by the Hedera foundation.” When are retail going to see any positive moves in the coin?
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Hedera
Hedera@hedera·
"We chose to build on #Hedera because its speed, security, & #transparency were essential to our vision of democratizing access to diamonds as an asset class. Hedera will enable @DiamondStandard to offer investors unprecedented transparency & liquidity."⤵️ hedera.com/users/diamond-…
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ETF Hearsay by Henry Jim
ETF Hearsay by Henry Jim@ETFhearsay·
@NateGeraci @WSJ Physical diamonds definitely an untapped opportunity because like gold: 1. High value asset 2. Standardized quality 3. Auditing 4. Store of value Only filing in ETF Hearsay database is IQ Physical Diamond Trust, filed Mar 6, 2012 but withdrawn in 2016: sec.gov/Archives/edgar…
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Nate Geraci
Nate Geraci@NateGeraci·
Which comes first, a physical bitcoin ETF or diamond ETF? Diamond Standard working w/ Horizon to bring private diamond-backed trust to market which would trade OTC (like GBTC) & ultimately become ETF… @WSJ wsj.com/articles/new-t…
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Cormac Kinney
Cormac Kinney@CormacKinney·
@HedgeyeNoob Correct, we are selling the initial public offering of coins at cost. @DiamondStdCo is the worlds most efficient buyer of diamonds, using automated market making to purchase globally. The goal is not to make money, but to set the permanent Standard that every coin must contain
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Gerry
Gerry@GerryTheRookie·
So is Diamond Std. buying below Rap prices from special sources or are these lower, negotiated Rap prices (i.e. "fifty back")? @CormacKinney
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Gerry
Gerry@GerryTheRookie·
Who in #HedgeyeNation is buying @DiamondStdCo coins? I talked to a rep via chat, he said they will spend $5,000 per coin on diamonds, no markup. What is confusing is that the Rap prices in the example coin are twice as high. 1/2
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Cormac Kinney
Cormac Kinney@CormacKinney·
@BangLimited @DiamondStdCo The Initial public offering is open to citizens anywhere, subject to US and Bermuda AML restrictions. But the physical coin will be delivered in the US only. For future offerings we will add additional delivery countries.
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Cormac Kinney
Cormac Kinney@CormacKinney·
@kirillklip @NickSzabo4 @DiamondStdCo Alternative: The diamond commodity can be delivered instantly by a regulator-approved blockchain token. And unlike gold, diamonds are at a seven-year low, not high.
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