what up vigilantes so I have a very amazing treat for you guys um I just I
love the I love this community I really do um in my opinion they are the most
iconic gem in all of crypto and they really are um they're unsung heroes in
my opinion because the world is stupid and is completely confused with
noise and stupid shit and there's a lot of psyops that go on as I've been
telling you guys where people are told that things that are intelligent and
useful and necessary are dumb it's all inverted all stupid all dumb they want
you to think that what's good is bad and bad is good was ugly is beautiful
was beautiful is ugly it's crazy but I'm really happy that my friend
just kidding he's not my friend but I'm really happy that things with him and
the hot to a girl have gone the way they have because now it has it's now a time
to refocus in crypto and focus on things that matter to have utility and
really what really matters it's in the word right crypto cryptography the
most cutting-edge form of cryptography is only embraced by those who are the
bravest and it's really easy out there to get confused and not know where to how
to embrace the best of technology especially when there's so much money
from governments institutions Silicon Valley big tech that wants to come in
have a have to have their state seat at the table and you get a lot of
confusing things you don't know who to trust well I am blessed here to be
joined by two members volunteers of pirate chain our baby and I'm I'm so happy
that they're here this is a grassroots movement it's a grassroots a network
fireworks to get real it's probably my favorite network it is my favorite
network and it's my favorite network because it's of how guttural it is how
raw it is how new it is and how important it is we all love Monero I love
Monero but the technology that we have here is unlike anything that Monero has
offered and can offer and even post of full-chain membership proofs even will
be able to offer because in Monero you still have to wait 20 minutes to move
money in pirate chain with zero knowledge proved by default you don't have to
wait 20 minutes and as of right now it is the most private cryptocurrency in the
world and even after full-chain membership proofs that's questionable
whether Monero will you know match it because we're expecting it to to match
it so how are you guys doing and my first question is what are your
thoughts on Monero the Monero project and I have to say this guys I have to
say this you guys have grown a lot over the years pirate chain I see you guys
at every Monero con at every Monero topia the level of maturity that this
network I've seen embrace over the years like it's really awesome for me it's
very it gives me a lot of joy you guys take what you guys are doing very serious
and I and I and it's almost like you guys have already have gone to the next
level I think honestly that you guys being around the Monero community has
really influenced you guys in a very positive way and I want to thank
especially the Monero devs including Kyava nerve thank you sir thank you
everyone there because you guys I seen you guys talk to the pirate chain
people and really like I can tell you guys have had an incredible influence on
them and so first and foremost I'll shout out to Monero and to everyone in the
Monero community for being like a good big brother to the pirate chain
community so um state of I want to know your this how you feel about the
state of the privacy space Monero what are your thoughts for me you want to
take it yeah for me I absolutely love Monero I've been the Monero
community far longer than I've been in pirate chain I use it all the time and
I absolutely love those guys I have no ill will towards them or anything like that
I consider myself Monero I consider myself part of Monero if being on the
pirate chain team they told me I had to abandon Monero or talk bad about it
then I would never have joined but I use it all the time I love what
they're doing I'm very excited that they're upgrading their privacy to
full-chain membership proofs as I'm gonna be the first person to you
know looking into a day it comes out I'm be using Monero even more I'm
really excited about it the but I also think it's dangerous to rely on one
privacy protocol out there there's no reason why we can't have multiple for
different just for a you know if there's different technical reasons for
it or there might be problems with one versus the other we need to have a way
to privately move wealth digitally and permission this permissionlessly and
in a decentralized way and if one had one fails or one has a problem we
need something back there and that's why you know I embrace pirate chain I and I
saw that zero not the power of zero knowledge proofs and they're the most
superior way to find privacy on the blockchain and so when I was looking
around I've been involved in crypto space for a long time I would get
excited about some of these other projects and then they end up letting
me down or as I became more educated myself I learned that a lot of it's
mostly noise there's a lot more nuance to a lot of the stuff and I
was just disappoint disappointed over and over and over again and so when I was
really looking for coins to support pirate chain when it launched it was
really the only other one I could find that I'm like yes I could put my you
know put my word behind this one I could put my full support behind this
thing and it's basically for me it's Monero and pirate chain that I can
support like that all the other I'm wishing the others best I have hope
that they'll be able to accomplish what they're trying to accomplish but
as of right now it's crypto for me is Monero and pirate chain and I'm
completely blessed to be on the pirate chain team we love Monero we want to
make more inroads with them we want to be friends with them we want to build a
better future together can I add to that of course of course thank you as you
mentioned as Daniel mentioned that yeah we would like to be friends and yeah I
feel we need more privacy and we are allies we are not competitors to
each other we shouldn't be fighting against each other then we die nation
state government they crack down on us the few of us remaining if we are ally
if we fight together against the world we have a chance of survival or do
something better on top of the way you said about Kaibana he's an amazing
developer he's been building several decks I'm a pirate and I've been
helping him without telling him I'm a pirate on his testnet and then I may
hit met up with him last year absolutely amazing person and very
knowledgeable okay guys so a lot of people here watching are familiar with
Monero and I always tell people that Monero is the most secure because it's
the most peer-reviewed so I'm gonna ask you guys some questions that are
heavy but they come from the place of of love it was straight up you know
you guys have really okay you guys have been you guys have taken on when
in my opinion is the hardest task in all the crypto you guys do realize that
right because you guys are the future of privacy coins you guys are the future
of the type of network that a human person will need when they're most in
need when they're escaping a tyrannical situation when when when things
are hard what hardest in someone's life so like most people don't consider
privacy coins as something that like you know if they have a happy life and
they live in a place that's not tyrannical that's not something that they care
about arguably most people don't care about privacy they're having fun on
Instagram they're having fun on on whatever app you know the book the X
whatever but what's but privacy is for those who need it right it's it's not
you're playing with you're dealing with people's lives here you know so the
fact that you guys are here showing your face says a lot about you and I
want to commend you for doing that I think that's awesome because it is guys
like you who are really giving people hope when they lose hope moving forward
we're in at the cusp of a technocratic dictatorship global tyranny and you're
right Monero is not enough we need more actually everyone in Monero throughout
the history of Monero has always loved Zcash but Zcash has always been kind of
you know questionable being that it comes from a company there's this you know I
mean and the fact that they don't practice what they preach they say they're a
privacy coin but they're not private by default yeah it's optional and it
shouldn't be optional it should be by default ready to go easy to use which
is what you guys do okay now I have a question here that I think everyone here
that's new maybe to this topic of conversation is what is the difference in
cryptography what is the difference between Monero and pirate chain are yeah
well Monero has several different things that they use to gain privacy the
most prominent is ring CT this basically uses obfuscation to bring
privacy they take your transaction they mix it up with 15 decoy transaction to
get a level of privacy they also use some other things like bulletproofs and
stuff which is a type of zero-knowledge proof to gain even more
privacy on the addresses and stuff like that so and this works very well I'm
not trying to diminish them it's the best privacy we had at the time and
it's worked very well it's brought me a ton of privacy and security and it
brings me peace knowing I had had that to use in the past but pirate chain uses
something different called zk snarks which is type of zero-knowledge proof okay
sorry about we use zero-knowledge proofs zk snarks specifically and what
this does is doesn't it we don't need obfuscation we don't need to mix up
transactions on the blockchain because there's absolutely nothing visible on the
blockchain that could compromise your privacy the example that we like to use
a lot is I'm sure most of you are familiar with the wears Waldo books
and they're a big part of my childhood but anyways imagine you have a wears I
have a wears Waldo book and I take a piece of paper and cut a small hole in it and
I take that hole and put it directly over Waldo's head and then I can show you
that book and show you that I know where Waldo is without revealing any
information without actually revealing where he's at or any other information
about Waldo but you can be confident that I truly know where Waldo is now
on the blockchain to bring this back into blockchain this gives you zk
snarks and give you confidence that as a receiver that the coins I'm sending as
a sender are real coins they're not inflated coins that they're on the real
network and zero-knowledge proofs really are incredible technology they give you
the ability to prove something is true without revealing any information about
this this has implications beyond privacy zero-knowledge proofs are
older than blockchain and they're being incorporated into different technologies
more and more and we're going to see them more even outside of blockchain
and it really isn't incredible just think about that for me you can prove
something is true to someone digitally without revealing any information to
them and it's a far more elegant way to find privacy it makes things easier on
the back end we don't have to you know jump through different hoops and make
different changes no from the day we launched our privacy protocol it was
secure there it's been private and it's been secure the entire time
because nothing is revealed on the blockchain with you know other
chains out there they found quirky little ways to you know use malicious nodes or
do other things to compromise the privacy because or to figure out what the real
transactions are on the chain we don't zero-knowledge proofs doesn't have to
worry about that there is nothing revealed on the chain how is pirate
chain going to be measured up against full chain membership proofs so like for
me whenever I hear someone promise something in crypto I use this slang
I think I made it up promise coin right so okay dude you're telling me full chain
memberships proofs are gonna be all this great stuff I don't believe it till I
see it on chain so in a in the hypothetical world once full chain
membership proofs are completely working on Monero are in our like just
working great how would pirate chain fair against Monero's full chain's
membership proofs what are Monero's full chain membership proofs okay so I'm not
quite the expert on full chain membership proofs but they quite yet I've been
researching as much as I can and there's still a few questions that
haven't been made clear to me I have been talking to Kayabe and he's a
busy man though he doesn't have time to just you know message me back
every time I try to talk to him you know from what I understand full chain
membership proofs will basically increase the ring size from 16 to what is
currently now to the ring is basically going to be the entire blockchain is
going to be the ring with all of the outputs making up the anonymity set so
it should be comparable to it should be comparable to pirate chain but like
you said lots of things can happen I'm usually very very skeptical of this
space when somebody a project says they're doing something incredible or
sounds too good to be true I'm always I'm usually like I don't believe you let
me see it when it comes out with this example of full chain membership proofs
just because I know the people working behind it I do have more confidence
that it is going to work and that it's going to come out and do everything
they say it's going to do and it'll pass a peer review process and
everything else so I do have way more confidence in full chain membership
proofs than I do with just any other project out there making promises
just because the people behind it are very very smart and I'm excited about it
I don't see it as competition I see it as making our whole space better so I
think once they have that they will they're claiming that they will have
you know higher anonymity set with us which might be technically true but
once you get to a certain anonymity set the privacy doesn't really increase
that much you have absolute privacy for example like my if I send a
transaction today on pirate chain and then one tomorrow technically the
anonymity set has grown but that does not mean that the transaction I sent
today is less private than the transaction I sent tomorrow there's nothing
revealed on the chain and there's nothing that can be shown the only time
the anonymity set really really matters in that situation is in the early
days as the anonymity set grows it can you know in the first few thousand
transactions or something before you get to a certain point there might be
an argument that the anonymity is not quite as good as when you get up to
you know a million unknown ain't on set but the way zero knowledge proofs works
and on many sets been mostly used in the past to describe obfuscation you know
to scribe off you how much you're obfuscating how many other things
you're mixing it up with but with zero knowledge proofs there's nothing
revealed on the chain so the terms kind of we like to it's an easy way
to convey how incredibly private pirate chain is how incredibly private
Monero is going to be but it's the same thing with Monero they're every
transaction once full chain membership proofs come every transactions gonna grow
the anonymity set but that does not mean one transaction is not as private as
the one that comes after it you are getting absolute privacy no matter what
yeah and and well to add to that I think something has to be said is
that this level of privacy that only pirate chain has has been battle
tested already it's battle tested in the open market and pirate chain has had a
lot of haters which is dumb but and I wanted I want to mention something okay
but I don't want to get into anything I don't want to mention any networks I
just want to say this Monero is the king of the privacy coin sector why
because it is the most secure and why is that's the most pure reviewed it's
the standard so it's not really about the technology but it's the standard in
the maturity of a community that understands the false ethos and that
lives by it and I see you guys really embrace that I've seen you guys when
you guys got started you guys were going really fast you guys were the new
kid on the block you guys were challenged is cool you know but it's time
has gone on and you guys have had the price shot up to what like $16 then
they did a correction that we expected we called it's the only natural and
something shoots up really high of 90% that's normal arguably arguably and this
is tangential it's not healthy for a crypto network to rise in price so fast
as better if there's like a you know to rise slowly kind of like Monero is but
you guys already did that it's just it seems like you guys are like you guys
hit the ground running so fast and and now it's almost like you guys are
entering into an age of maturity that I am loving man I am so fucking I can't
express I was just talking to one of my guys I'm like because I had a
conversation before we got started and the way you guys handled a little
pushback that I did right away I'm like okay these guys are serious these guys
are like these guys been hanging out you guys be you guys I feel Monero
vibes here now I feel Monero vibes here now I really do and and I do that that's
a big compliment because for me going to a Monero conference is like going to a
sacred space going to Monero conference is like is there a why is it sacred
because it's how much they honor the falsethos and I'm seeing that in you
guys you know in a very strong way it was just I feel it it's palpable you
know you guys are not messing around you guys are for real for real for real for
real and so that battle-hardened mindset and the fact that you guys are have like
now adopted that ethos and gives me a lot of confidence and it makes me very
hopeful for the future it really does for the world it makes me very happy so
for every other privacy this is what I was gonna say for every other privacy
coin project out there if you're not willing if you're not gonna offer us the
world something that's better than Monero I'm not gonna waste my time even looking
at you talking to you having a conversation with you even looking in
your direction and I'm not gonna say any names I just don't care like Monero
is the shit and if you're gonna enter into this conversation of privacy coins you
need to bring better technology like and that's all I'm gonna say you know who
this applies to and that's all I'm gonna say right um and and I've challenged
your community in the past and I've been loved and hated in Empire chain in
the past and it's because it comes from a place of love straight up you know I
want the best because this is so important you know this is people's
lives that that this network is really emphasizing so having that said I want
to move into some questions you guys ready yep okay let's let's go into
some questions all right they're getting comfortable here they know the
heat's coming all right let's get the heat going prepare some questions for
you guys here's a biggie you ready here's a biggie all right orchard I've
been hearing a lot about orchard so what's the estimated timeline please
explain what the heck orchard is to begin with to our audience what's orchard
how is it gonna be different on pirate chain then zcash and let's start with
the timeline what is the timeline and estimated completion for the orchard
protocol upgrade who's gonna take this one thanks rough orchard is an
improvement over zcash zcash previously started with Sprout then they went
sapling then they did the orchard in sometime in 2022 so the orchard gives
faster scalable more private and easy to decrypt or not decrypt I'm sorry is it
to process the blockchain and everything while this is also tied to it works
better with the halo to that zcash or zcash did previously people were talking
about the Sprout which was like some people without understanding selling it
is a trusted setup is not good even the here how about we do this let's keep
it even more simple what is the trusted setup and how does orchard solve
that which is a concern for people so in 2018 Zcash did a ceremony it's called
ceremony of Tao where 72 participants participated using their computers to in
that ceremony to make the sapling verification files and without all of
those 72 participants keys you cannot dip it you need to have all of them and
one of those participants were Edward Snowden so I guess I yeah he wouldn't
give his key I believe and 72 wait wait so Edward Snowden was part of the
origins of a pirate chain yeah in a way in a way yes oh shit okay I didn't know
that that's awesome and you know he is one of the best privacy I mean influencer
I would say I would take it with him for that I learned a lot from him no no he
was because Zcash was just like the stocking horse for what the real deal
is so anytime you hear the word Zcash or Z this see that it's really pointing
to the real deal this is what's crazy guys is that the real deal has to
okay it's almost like it's human nature like there's a place where you can only go
it's like swimming right I can only go so far with floaters as a kid but when I
take off the floaters I can dive deep and I can do things I'm here at a
beautiful this is a beautiful like Everglades vibe in Al Capocco there's
alligators here by the way but I can do things I can I can without the
floaters right Zcash is like the floaters of institutional money VCs and all
that BS in order to really go deep with this technology it needs to be grass
roots it needs to be organic it needs to be you know guttural it needs to be
like natural it needs to be grass roots it needs to be embraced by the
people completely in a decentralized open source and you know ground up
way so so yeah we can say that it started off with these people where you
know that were very well intended with these technologies but it really like
blooms here this is where Z addresses this is where a zero knowledge in
crypto is blooming okay sorry to digress there but I need to say that
no that is fine we are just having a I mean the conversation discussion so it's
like information you are saying information that probably I didn't even
hear in the past I didn't have any knowledge of it I'm saying things that
we are sharing and collaborating so yeah with or with the halo to they made
it up in a different way there was no trusted ceremony no trusted setup
everything is decentralized so people who were like spreading for the
about it because in the thought is that you don't know if you can really trust
everyone in the ceremony right okay so orchard does is that it takes away that
dependency on yeah well the thing with the trusted setup you never had to trust
every single one of them just one of them as long as one because basically
they had a really long cryptographic key that was used to start the privacy
pool and as they split it up into 72 pieces gave it to 72 people one of which
was Edward Snowden one was Peter Todd there's a bunch of influential people's
in there as long as one of those people destroyed the keys that privacy pool is
safe I've always been completely confident in it because the way they
did it they live streamed if you guys go and Google the Z ceremony of towel
go look how they did it they did it in credit they were very meticulous about
how they did it they live streamed themselves destroying the keys and
stuff like that then they destroyed the devices that they signed the keys with
to so they destroyed the computers that they used to do this so I've always
been completely confident confident in it what orchard is allowing us to but it's
always been a criticism like what if all 72 people actually colluded what if
it's a very small chance I've never been that concerned about it I've
never been concerned at all as well yeah but but it is a legit I mean it
is a legitimate great is a criticism you know but what we've discovered what
technology has been built since then is a way to launch a privacy pool like that
without that trusted setup so the majority of users moving to orchard
probably won't notice that big of a difference in their usability it does
offer some scalability improvements and the potential to improve like sinking
times in the future but that's a whole nother project these give us the
ability to it the ability to do it but their whole other projects have got
to be built as well as it makes it possible to have multi-sig
addresses which is really really difficult to do on privacy coins but now
we will it's not necessarily going to be implemented as soon as orchard comes out
but orchard gives us the ability to actually build that in the future so
orchard is essentially a new privacy pool that we can launch without those
72 keys because technology has been developed since then that we don't
need that initial cryptographic key to start it does that make sense
perfect so on the timeline what's the timeline for orchard to be
launched okay a lot of projects out there they like they give promises they give
timelines and 90% of the time they don't reach them and it's they have some
benefits to doing that because they announced oh it's coming out in May or
whatever and their price pumps and it doesn't come out in May and it dumps or
whatever we don't like disrespecting our community like that because we want to
make sure we got this thing hammered out perfect before we release it there
so we do not have a timeline all we can say is that it is very close the
core front where it's in testing right now if you're someone that would
actually are interested in testing the the test net you could come talk to us
in discord you might potentially be able to come test it with us and take a
look at it but we're make sure to hammer everything out the core
functionality works right now transactions between sapling to orchard
and orchard to sapling and back are working and so now we're just doing
some usability stuff like that and then hopefully the wallet will have some
like UI updates at the same time that we implement orchard and stuff like that so
we don't like to give a timeline I've you know I I've asked about it and they're
like well I don't I don't know what I'm gonna discover tomorrow so I don't
want to tell you guys it's gonna be two months and then we have to
disappoint our community we also we also don't want to the price to be
manipulated over okay so what ballpark what give me ballpark they might be
mad at me for saying that I think it's good it should be this year though
yeah yeah it should be this year it's testing it's well works right now we
could technically launch it right now but we want to make sure it's all hammered
out yeah for our core developer he's working on it he has made great progress
we have we're running the test net we are testing things so basic core
functions everything is working and Ford is doing his own implementation as well
we'll be doing some custom work on the code so yeah give us some time no no
that's exactly my next question so I've heard that there are new features being
added to orchard in addition to Zcash's implementation of it what are they and
are they being thoroughly tested and peer reviewed yes there there are some
custom implementations in orchard we will not be using the unified pool
there are some other changes that we would not talk about it right now until
we go through more testing and development process because there are
few we get nobody's working on it right now except us so I mean so far I know so
give us some time and we will if you would like I'll give you the exclusive
information when we have more okay okay sounds good so in other words you
guys are paving the way beyond Zcash and I would like and I would like to add and
yeah once so peer review that's a great question a lot of community members and
a lot of different projects answered like you were also asking so if community
think we need a peer review yeah let's talk about it come join in our weekly
meetings or monthly update meetings let's talk about it let's raise some
funds awesome thank you thank you and would you know by whom you guys is there
an idea of who would peer peer reviewed orchard I don't remember I mean we'd
probably go with one of the firms that I've worked in crypto before you know
Monero uses several different ones are individuals in Monero billing stuff on
Monero those would be the first people we would approach and generally they'll
do it because you're just paying them to do it it's a job you know they
don't really have ideological in impressions on they just if you pay
them they'll do it so we would absolutely look for the best people best
cryptographers and people that know zk snarks and no zero knowledge proofs like
he said the peer we're a community project we didn't have an ICO we didn't
have a pre-mine we have no developer fund the way or developer tax I'm sorry
though way we raise money is I mean similar to the Monero community it's
exactly like the Monero community we have a project we want to build we
estimate how much how much it would cost to do it we tell the community hey we
want to build this project or we want to sponsor this event we want to do this
thing we estimate it'll cost this amount of money and the community
donates it together so it ultimately is up to the community the people our
developers aren't paid you know they're working for free they do this
as a passion forage our core developer he was hired to build treasure chest
for us and then he just saw how incredible the technology was and he chose
to stay for free so you know he was paid to come in here to begin with but he's
just stayed and helped us build it which is absolutely incredible it means
incredibly smart guy and we love that he's doing that so we yeah come join us
in the discord telegram come make your voice heard come you know offer some
funds donate some funds to it and let's get this peer reviewed and also to
Monero and Zcash guys I would love your opinion on who the best you know people
to hire to do that is I already have I have some names of firms and individuals
back at you know back on my home computer that I've seen auditing Monero
and Zcash stuff so ultimately those would be our first selections but that is
also up to the community I'd like to get input by the community this isn't
our project we are a team there's no one stopping anybody else from forming
a team and developing on Pyrochain or for you know peer of doing peer review on
Pyrochain and then also I want to point out that ultimately having an open source
code is a type of peer review it's not it's not a substitution for it but it
is a type of peer review it obviously be better if we could get a firm to do it
but yeah come join us in the discord let's raise some funds and let's let's
get us do it you know let's get peer reviewed this so beautiful it's like
so grassroots I love this man you understand bro like I feel like I'm a
fish swimming right now so cool man I'm wow I'm I'm just I'm I'm blessed to be
here with you guys this is this is awesome um alright let's ask some more
um questions here so there is a sense Komodo wallet decks is now
requiring KYC to comply with the new EU crypto regulations what is the
recommended alternative alternative decks for R to avoid KYC for those who
don't want KYC thank you so Komodo is only implementing KYC on their GEY
counterpart that they will release officially by themselves for the
regulation to comply with the regulations so this does not affect us users end
users there is already a comedy comedy edition some comedy members already
released some comedy edition without these KYC requirement you can trade I
mean swap are earned any other coins tokens available in Komodo wallet you
don't have to use Komodo's official wallet for this at all we'll add the link
in the below in the below in the description section or on the screen I
like to add something else so yeah it's a Komodo community edition the wallet
interface looks just like Komodo's does it just doesn't have the KYC on it
and another good thing to point out is the way Komodo wallet works and the
way these white labels or forks if you want to call them of them yeah they're
like forks of them but it's all accessing the same liquidity on the back end
there are many different versions of Komodo wallet that I don't want to go
give other projects promotion out there but there are other projects that have
you know taken the open source code and launched their own version of
Komodo wallet and anybody can do that and they all access the same
liquidity in the back end so if you're doing it on Komodo wallet
community edition you're still you're still accessing the same orders that you
would be on the official Komodo wallet and I know they're getting a lot of I'm
not part of the Komodo team or anything like that but I do want to defend them
slightly there a lot of those guys are you know in places where they are a lot
of the developers for Komodo are in places where they are locking people
up for not doing KYC for developing protocols that aren't KYC so it's easy
for someone like me to criticize them who's not a developer who's not
putting my life on the line to say oh my gosh I can't believe you're doing KYC but
that's a decision I haven't had to make because I'm not any I'm not at any
threat of getting locked up over it so but they have done they've kept their code
open source and they've allowed other people to use it and they've you know
given to support to them and stuff like that so we have the Komodo wallet
community edition it's up on github and it's right it's working right now
you can go use it today we still have non KYC atomic swaps on Komodo
wallet so we'll make sure to give you that link can you post it with this video
okay great okay another question I want to hear you how you guys rebuttal this
one this is a like label it however you want okay but this is this is the
question some people criticize are and say that it was pre-mined or instant
mine because most of the supply of the coins of its coins have already been
mined what is the reason for ours faster coin supply emissions schedule and what is
the best rebuttal to this flood that you guys have curious to see what you guys
think about this oh yeah I've answered this question a million times and so it's
a see I was not an original man I wasn't there on pirate chain launch I
didn't get involved till two years afterwards so I wasn't there when it
launched I'm not some whale that got you know that was mining early and
got a bunch of coins or something like that and this is the foot when I go look
at a crypto project I scrutinize the hell out of it I do not just jump in because
I don't just listen to buzzwords buzzwords in the hype and give them my
support so I before I ever joined the pirate chain community I went and
looked at the arguments against this and then I listened to people from
pirate chain and the community and their arguments and I found the
arguments from the pirate chain team to be more compelling than the other
arguments so basically pirate chain is a fair launch coin we had no ICO no
pre-mine we have no dev tax there was did nobody gave us money to build this
project nobody we didn't promise anybody coins the second we launched like 99
percent of crypto projects do now they all have ICOs the second at launch
coins go to insiders and we didn't do that and because that we were up against
it we did not have the marketing that everybody else does out there we
did not we couldn't just go make a bunch of ads go pay influencers to let them on
their shows because I will tell you guys to get up to get on these big crypto
shows you got to pay them Ron none none like Raphael and TCV we don't pay them
anything that they just they support it they give you a hard time exactly I
know and we opposite yeah we we appreciate it man this is a this is a
kind of thing I want from a you know crypto influencer these are kind of
questions I want to answer so pirate chain launch we had no funds the way
what made pirate chain succeed so much in the early days it made us a successful
project that we are a people were able to hear about is because my mining
product mining pirate chain in the beginning was so profitable the miners
made this project because as soon as pirate chain launch they saw the mining
reward on it and miners flooded in increased our hash rate they spread
the word about it on all the mining websites mining calculator websites
pirate chain shot up to the most profitable so we didn't have an ICO
we didn't have in a marketing fund this was our marketing fund and what's the
ultimate criticism when you say that you know pirate chain what has a fast
emissions rate you're saying that the distribution was not you know fair or
not as good as other communist argument yet that's stupid that's for
anyone doesn't understand capitalism because anyone who anyone that comes
into something early is taking the biggest risk yep exactly it was just
the way life is man tell me man in venture capital it's like one out
of seven businesses make it so you as an investor invest in seven startups one
makes it yeah I mean dude you now dude this is a very beautiful project
exactly and I mean and they and so the Chris so a lot of people say that it
wasn't as distributed as other coins but that's just it's all I mean we have
for a privacy by default coins we don't know how many whales there are or
how much they're holding but I think all evidence indicates that pirate
chain is more in the early days was more distributed than most of the biggest
competing coins and we're 2018 is a very different time from 2014 when Monero
launched a very different time from 2009 when Bitcoin launch how many people
were on that Bitcoin you know cryptography newsletter that heard
about Bitcoin you know it was such a small community and they were
mining all the early coins when pirate chain came there was tens of
millions maybe even in the billions of people already involved in cryptocurrency
that new cryptocurrency so they got so we of course had in the beginning have
more coins available for all all those people to participate in so I think all
the evidence indicates that pirate chain hey you know when we first when we
first launched a create a very organic launch it was in basically in the
Komodo discord there's people saying what if we still we love the CK
CK snarks is so incredible what if we shielded all the transactions would
it work let's try it out let's see if it works and they tried it out and it
worked it was very organic it wasn't the scheme or this plan or something it
just happened and it worked and then kept going with it there was thousands
and thousands of people in this Komodo discord we asked people to come
join our Komodo discord and our Bitcoin talk forum and stuff and
Komodo's Bitcoin talk forum and stuff like that and people didn't come and
join so I'm sorry that you didn't hear about it on day one we didn't
have millions of dollars to go and pay these influencers tell it you know like
I didn't hear about it on day one either you know I didn't hear about Bitcoin on
day one why didn't Satoshi send me a freaking letter tell me about it too man
what the heck yeah so I think if you just look at the numbers the amount of
people involved because the ultimate criticism is that it wasn't as
distributed as other ones and I and I think all the evidence is the opposite
we launched a lot later there was a lot more people involved in the launch
of pirate chain than there was in the launch of Bitcoin or a million other
projects that are bigger than them so I don't see a legitimate criticism to to
that so you want to hear my story I'm a hot came to pirate chain yeah okay cool
so I I was at a I was at the Monero con conference at Casa de Monero in Denver
Colorado with Sunita and Doug Tumen we and I was one of the hosts well they
were the main hosts of the house but I was there and then there was a there
was the it was myself I took a friend there's five people at that house as the
host and the third person was need money 90 if you guys he's og of Monero
moderator and so it was us five and someone came to the house who I was
really cool I started talking to this person and they told me look we just
launched a project not too much long ago as a experiment out of the Komodo you
know infrastructure is an experiment to do to create what we always wanted Z
cash to be and I'm like no what what dude that was my intro to it it was at
Monero conference yeah it was a I guess the name of the dev was pirate
Jane so bless her you know she's cool so shout out to pirate Jane you got me and
into his most amazing network blessing to you and so that's my story and and then
I presented this to my biz partners at at the Crypto Vigilante and it took a
year of research bro a rear a year of research like especially mr. X 72 page
report yeah the 72 page report yeah something similar that was a quite long
report I I skim few pages but I read it yeah so it was it because most of my
guys most of the analysts at TC VR come from like Monero maximalism and Monero
extremists I guess sorry we got interrupted there for a second and yeah
they were very they were very you know because this is a big deal again guys
we're dealing with it's is not a meme coin I guess pirates are cool memes but it's
it's a cryptocurrency and it's beyond a cryptocurrency it's what many thought
Bitcoin was supposed to be and then later on what many thought Z cash was
going to deliver the market this is the purest of networks that embraces
zero knowledge proofs the most advanced form of cryptography for privacy on the
internet for financial privacy on the internet so it's a it's a it's this is
like yeah dude I'm really honored to be here with you guys you I don't think you
guys realize because these guys these guys are these guys are grassroots and
they have very much of an activist vibe to them but I don't I don't think
they realize how big of a deal this network is I don't think you guys
realize how big of a deal you guys are and it's probably because you guys are
so caught up in your work and you guys you know you guys should expect a lot of
haters all of Silicon Valley wants to give the world a fake version of what
you guys are giving the world like there is a project called I think iron fish
or some bullshit like that that was like a fake version of pirate chain
calling it was funded by VCs like can you imagine that
but you guys are pure and and and that purity puts you guys in a in a very
unique place even when Roger there had his interview with with Tucker Carlson
he he didn't say pirate chain but he said you know z coins a lot of it has to do
because I think Roger's also has some business partnerships with digital
currency group maybe I don't know maybe I'm speculating here or maybe he just
doesn't know about it but this is the z coin this is the zero knowledge coin
um so yeah so let me ask you a question that maybe a lot of people wanted me
wanted me to ask that are new to privacy so how does a pirate chain mitigate how
does it assure that there can't be an inflation bug being that it is your
knowledge proof wants to take this question we knew about a bug that was
notified to pirate team it came from z cache when they found out about the bug
that had it in sprout so there was that that was only on sprout sapling didn't
have any bug nobody could find it it's been on the market I mean it's been
live and been being used for many years now but there there is no bug found
in sapling nothing in order yet but sprout when we did the one time
migration from sprout to sapling we had a system to monitor and check every single
coin that was mined since day one and the amount that was transferred via going
via to uh from sprout to a transparent address to a z address every coin was
counted when it went through when it migrated from sprout to sapling so
we knew there was no extra coin minted basically the bug that z cache found and
fixed it didn't have long time and it was very I mean it's not like everybody
could exploit that bug not everybody is capable of exploiting
everything bug anyway but yeah we had a system making sure that nobody has
taken advantages of that bug awesome awesome also the way it's
in or audited in real time is the coin on pirate chain the coin based transaction
is the the only transparent transactions are pirate chain or the coin based
transaction the transaction from uh the miner am I getting that wrong uh no you
are right but it's not only so all the coin based rewards are
transparent address that's how it's uh we can audit how many coins were
mined in its entire existence of like how many as per the blocks there
two more types of transparent transaction we do one of them is to increase the
security that was done with komodo's delayed proof of work so it was like
few days later the party was launched it was like straight away secured with
delayed proof of work that was needed an exception needed to be added to allow
all 64 notary notary addresses to use transparent address because they cannot use
private address because private address the transaction we cannot verify
whether the checkpoint was is in there or not because
z transaction doesn't have any information in them so there is no way to
validate or verify that it was really done so this is one of the exception
couple of years ago we added another exception now this time was to allow
atomic swap to happen the atomic swap the barter decks atomic decks komodo
wallet as we call it right now the development started a long long time ago
by jl777 but it was working with all transparent
coins and even ethereum tokens now they have added even more but we didn't have
pirate chain so for this pirate chain we had to add an another exception for
only for a single swap there will be unique address generated that is pay to
script hash we call it p2sh addresses they start with b they're unique and only
one time use each time so for temporary few blocks the coins from a z address
will go to that b address which is the pay to script hash
it will sit there that's like a transparent transaction and then nobody has the private
key of it like user one of the user partially cannot have the full private key so both of
the users it is created automatically but anyway once those swap completes those funds goes into
z address and that is it so two exceptions and coinbase so three types of transparent addresses
so it's uh yeah so there is and these are exceptions that a user can't really act well if
you're a miner you'll receive that first if you guys aren't familiar with a coinbase
transaction is that's a reward a miner gets from mining so that first uh transaction to the miner
is transparent so you can go and verify how many coins have been minted on there
I would like to add another thing a lot of people I heard uh even they asked me questions in different
places like does it not decrease the privacy allowing atomic swap transactions to go through
transparent address and z address again no in a way because it's unique address you cannot
correlate every single atomic dex transaction by using one b address because it's unique each
time for each swap it same address never been used now it goes on so when the funds for a swap
goes from z address z address to our address or transparent address the anonset decreases a bit
but when it goes back to z address again it's there so literally nothing happens so these
you cannot I mean show me you can link directly a transfer I will I mean I will do some
swaps and if you can link them directly then let's talk but until you link them there is no
way I mean we don't see any way that it's decreasing the anonymity set or the privacy or the security
of the chain but this is to allow users an extra thing that wasn't possible before this is to give
you a feature so always when you try to do something that has to be a little bit of compromise
if not more so we try to minimize it within the technology I mean with the technology that is
currently available to us so this is the route we could take if we had different technology
better technology to implement this of course we would have done that
so I just wanted to add this option so nothing to worry about it yeah thank you for that
thorough very thorough explanation really appreciate it um I wish we had an audience so
people can ask you more questions directly did you guys give us talk at an archipelago
I did a crypto show I'll use the crypto show crypto show with Francesco people knows him as
also our critic minor from Monera and Danny from Dragon egg the crypto show he was the host
so I'm from I mean I was ripping pirate uh Francesco was doing Monera so that was a good talk
one hour long pretty good a lot of technical talks we did as I said like I love Monera too I help them
like with I help with Seri desks Seri desks dude that is so badass man congrats man and thank you
thank you for doing that like um that's so cool dude yeah he's testing Seri desks for Luke
yeah he's helping Luke uh Kibaya nerve I always have trouble pronouncing him he's testing Seri desks
with him right now we have good relationships with the people in them we're all trying to fight for
the same thing yeah he did the podcast and then Amy and I gave a presentation about pirate jamie
did just a short little overview of what it was and then I did a whole ethos of freedom and
privacy kind of things that was the right kind of crowd for that excuse me man coffee wearing me
out sweating out the coffee um but dude um there's just so much we can talk about here but here I think
let's let's like tour you know let's let's um let's move on to talk about something that is not
as apparent but arguably is the most important and something that we've learned kind of like the
hard way um which is that what matters most in crypto not just in crypto but in order for the
for the for a va for the a project to grow especially for an important project to grow
you need for it to grow in and market size so it invites more people to peer review
and important projects such as a pirate chain so you invite more developers to work on it right
to get more attention okay so what what liquidity channels do you guys have right now
on what exchanges can you find a pirate chain what is the future of liquidity looking like for pirate
chain um right now the the most liquidity is on mexy mexy and trade ogre that they have both
support is greatly obviously a pirate chain team does not endorse any exchange either
those two have treated us well so far but then there's been other exchanges in the past that
treated us well and then delisted us and took money from our customers our users and stuff like that
by not giving them enough time to withdraw and stuff and so it is a battle now for pirate
chain and minaret to get on they don't want to touch privacy coins even though it's not
illegal in the u.s. I don't understand why Coinbase isn't listing them especially
since donald trump is basically signal it's a wild west for crypto now you know he's releasing
his own project so it's quite apparent that it should be legal at least in the u.s. you
europe's a different story so but they don't want to list us for fear of future regulatory
regulatory problems because they can't tell where the funds are coming from they can't prove
that it wasn't used in you know terrorism or anything like that so the biggest exchanges
out there won't list minaret they won't list pirate chain it's truly and this is where our
fight is really on like we're it's to fight to get more liquidity there have been a few
other smaller exchanges that have listed us in the last year uh non-kyc is one i encourage you
guys to go check out that one like i said we don't endorse any of them you're get these are banks
these are crypto exchanges a crypto bank you're giving them the coins you know so uh but that
so we don't encourage you to leave coins on any exchange but there have been several smaller
ones have popped up and guys if you're out there trading on something like i mean if you're
using binance or something that delisted minaret uh why are you and you're a minaret head
why are you supporting them there's exchanges out there that have very good liquidity like if
you're a binance user max c has really good liquidity and they're supporting us stop feeding
like the beast that doesn't want you to be a part of it so don't even if you're buying other
coins other than well you're not buying minaret on binance because they delisted it
but why use binance at all they slapped us in the face and said they don't care about
privacy and they don't care about freedom they don't care about sovereignty so go and support
the exchanges that do don't leave your coins on any of them always pull out always pull out after
sex like i like to say s e x or c e x sorry but yeah you go and uh go and use these exchange
yeah there you go sorry bad joke but uh go and uh go and support these exchanges that don't
so that uh do uh respect our privacy and respect not you know having no kyc on them go to pirate
chain.com uh slash exchanges there's all the exchanges we're listed on and then try the
atomic swaps too atomic swaps you know are the future if we do really go into like technocratic
future where they're cracking down on the use of these kind of atomic swaps are going to be
essential so we'll learn how to use them and go check them out and seven support exchanges
that are supporting us stop giving your money to exchanges that don't support us you know
cool okay so in the area of marketing getting out there and um you know the the crypto world
right now is saturated with meme coins and the idea that utility doesn't matter
i think that that is honestly dying as we're talking like that whole the stupidity you know
vibe is dying and people are reconnecting back to things that matter so
um how do you guys plan on tackling that aspect the pr aspect the the the memetic aspect of of
pirate chain i guess yeah i guess that's probably my department here um what we're trying to focus on
right now is getting merchants to accept pirate chain and getting people to start using it and
when arrow two all the privacy coins start using alternatives to fiat you know we have
alternatives to fiat out there that work fiat is the it's the food that feeds the beast
you know it's what they use to psi up you it's what they use to fund wars and stuff like
that if you're a merchant out there and you believe in freedom and sovereignty start
using alternatives to fiat and that's what we're really trying to push right now
merchants like yeah it's great if we get some investor to come you know speculate on pirate
chain and buy a bunch of it or something like that that's not what we're really looking for
we want to increase the liquidity of pirate chain by having more and more merchants
that are accepting it so people are buying the pirate chain to go and buy stuff from those
merchants to actually do commerce and something you talk about a lot is kind of embracing
the meme you know i've heard i think it was at uh nonsense this or something like that you uh
gave a president a great presentation by the way too hilarious he's ever if you guys haven't seen
him speak live he does uh he does great in these videos but he's also very great alive
and embracing you know the meme we're a very serious project so as a team we're not trying
to meme but we'd like our community to meme you know it obviously gets people excited it
pakes people funny uh it's actually a great way to tackle like serious issues sometimes the
best way to criticize these tyrants is to make fun of them you know so use pirate to
make fun of them we have a very memeable name and pirate better more memeable than most of them
but it's not supposed to be a joke we call ourselves pirates for a reason it's because
of people this is why i touched on him in my presentation yesterday we call ourselves pirates
so that people will know from the minute they hear our name what we're about we're not
going to compromise we're not going to submit to these tyrants we're going to keep fighting
till our last breath to have privacy decentralization and sovereignty and that's why we call ourselves
pirates we want people to know that we are different we're not going to go you know submitting to
black rock or making changes to our protocol so that black rock will give us an etf or so
PayPal will incorporate us stuff like we're taking the difficult road we are fighting against them
we're not trying to get them to take our you know invest in us and take our mind we are
trying to get the people the free people of the world to start using these options and
that's what we want people to know when they hear pirates we are pirates we are not submitting we're
not complying we're doing this the right way absolute decentralization absolute privacy
so join the memeing we do have some new marketing people we actually have a guy who's been working
in a for marketing firms really high up marketing firms for years this career is in marketing
and he's helping us now you know doing a rebranding and showing us like more professional
ways of doing things so we're really excited to have him on but guys come and join us in
the discord this is a community this isn't our prod just our project this is everyone's project
come be a part of it we're only powerful as you as our community is and you guys are the
community come show up that's how we really make a difference come show up and be part of
something meaningful we're doing something important here and you have a chance to do
something to make the world a better place for your children and your grandchildren
something when you're on your deathbed in 50 or 90 years that you'll be able to look back
and say I showed up and I helped and I fought and I was a part of this and when we succeed you can
feel the pride that you were part of that and that you made it happen so let's come join us this
is a community marketing campaign go get your friends to download wallets send them a pirate
chain transaction show them how quick and cheap it is one minute block times less than a penny
unstoppable absolute privacy that's the best way to turn people on to it go get them to
download a wallet and do a pirate chain transaction with them give them one pirate
chain it doesn't cost you that much and that's how you show them that that's how you market to them
that's how you show them that we're different we're not just trying to get you to buy it and
leave it on exchange hope the number goes up show them how well it works for in-person transactions
or for you know face-to-face transactions or online transactions we're on the other side
of the world and we are increasing increasing our market adoption we got over the last few
months I guess it's been a good six months we got accepted on a couple new services like
Trocador their big supporters of Monero and Monazon Monazon is a service where you can
basically order from Amazon with pirate chain it's uh or it's so basically yeah it's really cool go
check out Monazon they got other coins too yeah basically what happens is they have
full fillers too you can become a full filler to earn money this way so if uh you just pick
what you want on on Amazon through their you know portal through their website and
basically someone else makes the order for you you pay them in pirate chain they pay Amazon in
dollars and then they have it shipped to an Amazon box have you seen those boxes outside of super
marks and stuff like that believe that's what they're called Amazon boxes and they have them
shipped to that they're like lockers yeah Amazon lockers that's what it's called and they're
shipped there and so you don't have to give your home address or anything you can buy
stuff off Amazon right now have it shipped to an Amazon locker and get it without giving
your name your address or any information like that so basically you can buy anything you want with
uh you you know anonymously and anonymously wow and if you want to make because there is a fee
on top of that and if you want to be a full filler the person ordering for people obviously
you get rid of all your privacy you don't get any privacy doing that but you can make a
little money being a full filler with that so go to monazon.com I believe and then also
Trocador which is a place you can buy gift cards and stuff like that so there's new services
coming and joining and asking us we didn't go pay these guys or anything they just saw the power
of privacy and they wanted uh power of pirate chains privacy and they wanted us on their service
so yeah Trocador monazon any merchants out there if you need help onboarding on the
pirate chain reach out to me that's what we're trying to do this is a peer-to-peer currency
made for doing commerce so let's do some commerce with it and let's you know change the world with
it that's beautiful is there anything else you would like to say and by the way I never
introduced you or you on purpose I did that on purpose and an enmity you guys have to figure
out who they are if you really want to know who they are but I'm not going to introduce them to you
unless you guys want to introduce yourselves but whatever I'm well I'm more of the guy going
out in public talking to people and doing the monthly updates anyone that and uh going to
events and stuff like that it's a very special case that he came out with us this time
but my I'm Daniel I'm Dejohn's on discord telegram and other places anyone in the pirate
community I'm sure knows me I'm on there every single day I'm the one that does the monthly
updates host the community calls and stuff like that so I'd love you guys to come and
join me in the community we do community calls every sunday at 1 p.m. eastern time in the U.S.
we get on there we talk about everything that's where we organize with the community we get ideas
and and just and we sometimes we talk about other things too it's our community we just
that's where we join as a community I really encourage people to come join us on those
calls and I'm the one leading it there so if you're in businesses out there merchants out there
anyone interested in business development or something like that I'm the person you can
reach out to there on discord or telegram I'm the Johns or we have our emails up on our website
you can reach out to us through there so come and join us guys be a part of something meaningful
let's let's make the world a more peaceful and prosperous place using this incredible
technology hey guys this was a pirate chain conversation my timer is running out
and we're just a go learn about it peace love anarchy that's it guys thank you now we are dealing with
a possible world war some will say we are already in a world war my condolences and prayers go out
to everyone suffering under tyranny it really sucks I'm really sorry but it seems as if people
are starting to wake up regarding crypto more and more each day and so it's in the description
right here to read where we give our secret sauce and what we teach our subscribers because
things are just that bad you know everyone needs this information people need to know about
sound cryptocurrencies that are actually private by default and to know how to properly use crypto