5 ms·
Cool! What is the cost to produce each note today, and how do you anticipate funding that longterm?
by jasonlaramburu 7y ago
Cool! What is the cost to produce each note today, and how do you anticipate funding that longterm?
- paulgb 7y agoThey're literally printing money, if people actually buy it I don't think funding will be the problem! (I could be wrong but from skimming their technical spec it doesn't seem to be redeemable for anything other than digital Kong tokens)
- paulgerhardt 7y agoJust a bit more expensive than the higher end notes produced by Switzerland/Australia and less expensive than limited edition postage stamps. We looked at existing hardware wallets like trezor and ledger and realized we could create something like this for 1/20th the price. Once we realized the numbers we were playing with we ran with it. Conceptually, I prefer validating something with a cryptographic signing operations rather than looking at some watermarks. Kong is a proof of concept but we could always print these for other governments.