In his book “Antifragile”, Nassim Taleb describes the difference between being resilient and being antifragile. There are enough summaries of the ideas behind it online that I won’t go into it in detail here but I will just briefly explain the difference between the two. Being resilient means being able to “weather any storm” to surface on the other side of chaos none the worse for wear but being antifragile means being able to thrive with whatever chaos comes our way. Why is this important? Because as those of us who have lived more than a year or two in this crazy world, life is chaotic. We can plan for a calm existence but even if we succeed for some time, at some point, life will get in the way and bring something chaotic. Knowing this, we have two choices. The first is to become resilient so we can deal with it and survive the chaos so that we may then continue our peaceful lives — until the next chaos. The second option is to become antifragile and to thrive amidst the chaos.

Becoming Antifragile
How do we become antifragile? One of the tenets of antifragilility is to have built in redundancies. For example, when I travel I have my passport but in addition, I have a scanned copy of it in case something happens. But the truly best example I’ve heard for the metaphor behind redundancy on your quest towards anti-fragility is the difference between a minimalist and a survivalist. In case of a disaster, the minimalist won’t have lost much and he will be able to survive by having learned to have less and to survive with less. For example, if there’s no meat, he’ll eat vegetables, if there are no vegetables, he’ll eat grains. The survivalist will have built in redundancies. So in addition to whatever food he may have in the house, he’ll have seeds to be able to rebuild his own garden and provide himself with his own food. He’ll have cash, gold and cigarettes (ask anyone who’s been to prison or in a war-torn area and they will tell you that in some places one of the best currencies to have is cigarettes). The minimalist will survive. But the survivalist will thrive by being able to provide for himself and for others, thereby giving him more power to trade and barter than the minimalist. And ultimately, all economies are based on barter.
This is an interesting scenario for life but how is this related to finances and cryptocurrencies? Right now we’re at an in-between stage. On the one hand, the economy is evolving towards digital currencies but on the other hand, we are still deeply entrenched in the world of fiat currencies. And it will stay that way for a while where we’re in an in-between world. Maybe one day we will completely move to cryptocurrencies and maybe we will stay in a world that is half half. And maybe we will leave the crypto world and stay in the world of fiat currencies. Though this scenario is unlikely, it is possible. And anti-fragility dictates that we have redundancies in place so that no matter what happens, we are prepared and can thrive.

The three main needs in the financial ecosystem

The first need is the day to day transactions/ banking facilities that we need to carry out our daily lives and their ease of use. Cryptos are becoming more mobile with apps and their connectedness to debit cards. To keep the crypto money in a secure place, we have the wallets. To buy and sell cryptos we exchanges. The exchanges and the wallets don’t offer interest, loans or any of that, so that is something that will probably be developed in the future.
The second is the ability to invest and grow our financial nest eggs. For this we have ICOs. They are the same as startups, which is why if we look at things realistically, there will be regulations developed for them. My hope is that government committees look at everything that is excessive, useless and even bad in the current regulatory systems worldwide so that they may learn their lesson and create good regulations which do not stifle good business endeavors.
The third need is the ability to save for the long term without high risk investments like the crypto equivalent of startups and IPOs. In the world of fiat currencies, we have bank savings and bonds, however in the crypto world we didn’t have anything resembling that.

Until now.
KELA will not make you filthy rich like could happen with a startup. The goal of KELA is to be the equivalent of a bank savings/ bond plan. With two small differences. a] on average, the price of diamonds goes up more than the average rate of inflation, so by pegging KELA to the tradable diamond index, KELA can be a good hedge against inflation of fiat currencies while the world is still divided into two economies — fiat and digital. But what if, the world completely reverts to fiat currencies. Well, that brings us to b] you will have your savings already set up and in case of an absolute apocalypse you can redeem them to diamonds — which are a tradable and much needed commodity.
You’re in the crypto world, so you’re building resiliency already. Are you ready for the next step? The next step is waiting for you here.