KISS <> coins
Are the KISS <> coins legitimate?
The KISS <> coins will not be used until they have been legalized.
What does KISS stand for?
KISS comes from the acronym K.I.S.S. "Keep It Simple and Sustainable".
KISS expresses our desire to popularize fundamental money creation concepts in order to unite a community around a common project: Financing the ecological and societal transition without debt
"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it." (John K Galbraith)
The KISS <> coins in practice
Like traditional currency, the KISS <> coins are a medium of exchange that allows you to make account-to-account transactions. The movements are recorded in a secure computer database.
However, the creation of the KISS <> coin is not linked to debt. It is targeted money and created in regards to a common asset aiming to achieve ecological and societal transition.
In order to avoid speculation and to underline its international character, the value of the KISS <> coin is attached to the Special Drawing Right (basket of international currencies) via the KISSECOLOGY charter.
What is the value of KISS <> coins?
To give it an international dimension, the value of the KISS <> coin is attached to the value of a special drawing right (SDR). SDR refers to an international type of monetary reserve created by the International Monetary Fund (IMF). A KISS <> coin is therefore worth 1 SDR* = € 1.26 = $ 1.36 ... (23/04/2020).
The value of money depends on the trust and the size of a community.
For example: A €50 or $50 bill is just a piece of paper with ink. However, it has value because we all agree that it does. However, this money is no longer guaranteed by physical assets.
The KISS <> coins have value because they have the potential to finance our ecological and societal transition and are recognized as such by an international community.
What are the rules for creating KISS <> coins?
How are the KISS <> coins distributed?
Each country receives an amount proportional to its number of inhabitants. (See: FAQs – What are the rules for creating KISS <> coins?)
How to guarantee the traceability and transparency of the KISS <> coins?
Traceability is guaranteed by the closed nature (1) of the system.
All transactions are recorded in the database.
The database is transparent but transactions with the exception of government transactions are encrypted to guarantee individual freedoms and the confidentiality of all accounts.
(1) KISS <> coins are in circulation in our database and cannot be converted into other currencies.
How are you funded?
What do you mean by ecological and societal transition?
As a basis for discussion, we refer to the 17 objectives defined by the UNEP (United Nations Environment Program).
What do we mean by different levels of power?
All democratic bodies at national, regional and local level.
The legalization and therefore the putting into circulation of KISS <> coins can only be validated by the authorities in charge of these matters (national or even supranational level). Nevertheless, we believe that it is useful to be able to rely on local authorities close to the citizens in order to help us achieve our goals.
What is targeted money creation?
Targeted monetary creation is used for a well-defined action. The emission of KISS <> coins is only carried out in return for action responding to the objective of transforming human activity so that it becomes sustainable.
What about inflation if we increase the money supply?
Monetary growth does not necessarily cause inflation*. Otherwise, private and central banks should stop now.
It is incorrect to claim that an increase in the money supply necessarily and automatically leads to an uncontrollable inflation. It all depends on the destination of the additional money supply. If the additional money supply from credit essentially benefits an underused sector, there is no reason why prices should go up.**
Many economists now agree on this observation, which is very different from Milton Friedman's initial conception that inflation and money supply growth were correlated.
* John T. Harvey, Professor of Economics at Texas Christian University Forbes article
** A. Granjean; N. Dufrène - "une monnaie écologique pour sauver la planète"
How do banks create money?
Many authors have explained money creation, and you can find many explanatory sources on youtube.
We chose this video for its educational aspect: