 And I think we are live awesome well guys want to thank you first of all for doing this last minute because I had a last minute Cancellation, so I was attending one guests, but I got three so that's always a bonus So yeah, yeah, that's always good. That's okay So let me first introduce everybody. I got like a quick one-liner buyer for everybody So we got sooner rock who is the lead developer of verge at verge currency comm We have Brian who's a community developer and host You're right exactly community developer and host of PIVX press PIVX org and we got mark Who runs a macroeconomics analysis and global community implementation guy for PIVX on that's a tongue twister gentlemen Walter show and Today's theme what we're talking about is the importance of Privacy and economics and blockchain So I think a great segue into this or onto this would be what do you think the current state of blockchain? Is when it comes to the importance of privacy and economics I mean, I guess it depends on what blockchain you're talking about You know, I think Bitcoin is definitely straight from the path of user privacy as one of the main focuses And I think initially that was you know, probably almost half of its vision I think half was public ledger half was user privacy and I think that they're kind of slacking on the user privacy part And have been for a while But I mean, you know, that's that's the beauty of altcoins is you know You have a lot of other guys working on their own implement implementations on how to you know, keep their users Identities secure and you know things like that You say they slacked off. Can you kind of expand on that? It's just it doesn't seem like there's a focus for user privacy anymore I mean, you know torque could have been built into it. I to P could have been built into it somebody actually built I to P into Bitcoin and the and and offered to do a pull request and It went in and then somebody just ended up pulling it back out And there was like this little squabble over it, but then it just kind of went away, you know But you know, there's there's a lot of easy methods, you know for user privacy that Bitcoin just kind of ignores now I don't I don't I mean, I guess it's they're more focused on I think on being able to pump a lot of transactions through their chain You know and with 10-minute blocks, obviously, that's you know been a problem So what would you say right now are you know, you're doing with the verge and everything But what would you say right now are the main players in the game really focusing on privacy? I think that you're looking at two out of three of them four out of them I'd say I'd say ourselves verge Monero certainly and then dash and pivx, you know, and those are probably the only four really that come to mind Yeah, and I would actually say that dash They've partnered with Queen firm Which is an AML KYC Firm to actually have their entire block chain searchable and trackable for AML KYC compliance and coin firm actually has Dash listed as a corporate sponsor For AML KYC of compliance. So that to me is fuck you to privacy by dash So dash is not a privacy coin. They still have the label, but that's huge Their chain has always been on on clear net anyway So I mean all of the user IPs are easily retrievable in the master node log Well, let's talk about this because I think some people might be might be confused or they just don't know When talking about say verge or Monero or pivx, let's come do come some comparisons So let's compare those as a privacy focus oriented Blockchain platforms versus the ones who aren't really focusing on what are the main differences? Uh Basically, nobody can actually find out who okay So say say I pull up a rich list of verge and I say oh this guy's got you know a couple million coins And he's you know, this means he's worth 10 grand No one no one's gonna be able to get that guy's IP address and actually locate him And and that's what we focus on We don't focus on actually making our ledger itself private because I think that that's one of the beauties of Bitcoin Is having a public ledger and I don't really think you can have mass market adoption with a private ledger because I mean imagine You know customer service at New Egg trying to locate transactions that don't even exist and they aren't queryable So we focus on the user aspect to you at home. We don't want anyone finding out who you are You can have a public address post it, but we don't want anyone knowing your actual location Now would that be the same for pivx? Sorry, I don't love you. I think I'm off now. Yeah, so am I selling you? I think so. I don't know. Can you guys hear? Yeah, yeah, so Again, I This this would be a great question. I wish we had one of the developers on So one of the aspects that we're looking to implement with pivx is your home zero coin protocol so again going back to the fact that You can still search the transactions. You can still see yeah, okay This transaction actually occurred, but you're not gonna be able to locate and identify who the person was at the back end of it Okay, see my point with that though is I don't think that there's The okay, so say you say say say I'm say I'm talking to New Egg on customer service And they're saying okay I see that this transaction occurred, but I don't see that it's from you or that I'm the one that got it I just see that it occurred So that's why I think that you know actual ledger obfuscation isn't Adoptable by a mass market Mark you have anything to say about that. I guess I don't understand why you would have to have ledger visibility Especially in cryptocurrencies where your transactions are going to be private anyway, mostly person-to-person We'll see that's the thing though is like I'm saying like okay like say your new egg customer service and I'm saying I sent you guys a thousand dollars for this motherboard and They're saying okay Well, we see that this transaction occurred, but we don't see that it's from you and we don't see that it came to us No, I understand exactly what you're saying Let's talk about this so, you know each single platform obviously has different features and different benefits and has different use cases Let's focus on verge for a second What are the main use cases and and main clients currently? Well, well, I think that we have the easy potential for for mass market adoption Because like I said, you know our focus is we're trying to pretty much keep the original vision of Bitcoin alive Which is user privacy and public ledger? I think that it's important that people can see distribution You know so that they don't say oh my god. Look this one guy has like 90% of the supply I think it's important for people people to be able to see You know if a coin if a coin did a pre-mine, which we didn't but if a coin did a pre-mine I think it's important for people to be able to see when the when and where those funds are being allocated like okay Well, we know that that the development funds have been shrinking, you know So is that being just sold off in the market? Is that actually going to developers stuff like that? So I think that the ledger itself should be public and visible But I think that the the issue is that you have you know in most coins The nodes are actually broadcasting user IP addresses back and forth and that's being logged not in the chain itself But on the actual network. So if I set up a couple of nodes, I'm gonna be catching everybody all the users IPs So that's that's what verge does is basically we we make sure that those IPs that are broadcast aren't our users The the IPs that get broadcast are actually Usually local hosts like when I check my logs on our tour or I to pee electrum servers for people who use our electrum I to peer tour wallets Yeah, I actually just see I just see Local host connections. I see I see the people that are coming on to the server Coming from within the server. I don't actually see an outside IP address of somebody Mm-hmm. All of the addresses in our logs. Just say 127 dot zero dot zero dot one And verge is still you guys think just classical proof of work We yeah, we're actually multi algorithm. We have five algorithms and we're proof of work I mean we try to make a lot of our decisions community-based, you know, we have like We have 1400 people in our telegram. We've got hundreds of people in IRC We have got a bunch of we've got like a couple hundred people in our discord and we try to even though democracy is really tough We try to actually, you know, agree as a community on what should be done So we voted and we moved from script to multi algorithm So that there was a bigger variety and it actually prevented, you know, big script farms from, you know, sucking up all our coins And it works really well now. So, you know, we have we have DGW on there, you know We have we have awesome retargeting and our blockchain is like smooth as butter I mean, we have like, you know, 45 second blocks consistently What are you seeing the most use cases for it right now? Instant transactions with user privacy. I mean, I think that like I said, you know We're one of the few coins who focus on that. So I think that we can we can go both ways I think that that's the best part of verge is, you know, we could have a shop like new egg except verge And it would be easy for them and it would be it would be easy for them to adopt and then, you know People who want to set up more, you know, private things that are, you know, they like to keep internal They have their own option of, you know, adopting that as well because, you know, they can run through our private networks Interesting. Now, Brian and Mark, do you want to kind of maybe talk about VIX a little bit going a little bit deeper for that? Brian, I think you're muted. Yeah, so So that's the what what Sunrock was also to piggyback on to what he was saying as well You know, that's the one of the biggest focuses for PIVX is being Right, so and in that being able to transact in that private manner so an adoption with a mainstream merchant, I mean a new egg, you know, a pirate bay a Which is obviously much more privacy oriented to a new egg and Amazon Pick pick your pick your vendor of choice. So being able to remit payments in a fast transaction We're pretty consistent. I mean our blocks our block times are 60 seconds And those again those run transactions, too Yeah, so we we we have very very fast transaction times We're working on getting our masternodes even more globally distributed So when you're doing it state-to-state, you know, at least within the US. I mean, it's it's pretty damn your instant If you're doing it say from the US to another country. Yeah, it might take a fraction of a second. So, oh, no But it's it's pretty good in that in that sense. So that's what we're working on more geolocating our masternodes Yeah, so Hi, I have I have my my my chairman decided to join You wanted you want you want her asleep right now. So you wanted organic flow my my chairman So let's let's focus on so what's PIVX main focus like who's your main client tell right now And what's the main use cases at the moment? It's the same thing with verge So just in some trends Yeah My my chairman decided to leave So that's good. Yeah, so I mean we're we're obviously We're looking for that that use case where we the living room is Satoshi just picked us up So now in Australia you can pay. I think it's 45,000 different types of bills in Australia using PIVX So again, and it's it's an easy remittance. It's an easy payment platform We are also on you quick card So again, if you want to pick up a debit card and actually go use your PIVX I think it's a hundred and seventy four countries now You can use PIVX load it up top it up and go pay There's some new initiatives coming out and mark you can speak to this where we are actually looking at branching into Second world third world countries to do actually payment remittance, right? Because some of the biggest things is how do you get funds? how do you get your funds say like let's say you're working in the States and you want to get your funds down to your family in Pick your country like Venezuela or somewhere else, right? so either you pay a happy transaction fee and it's delayed forever or You can use a mechanism in a vehicle called PIVX where you can actually transfer those funds down You know PIVX we're a little different that standpoint of We're probably never going to become the What I'll call like financial big bank backed Like a ripple might be and tied into and that's not really our design Our design is is more of the people who are focused on Right now the fringe, which is quite frankly the fastest growing demographic of the population who are going I don't really Trust the the big central Authorities and I want to be able to distribute my funds where and how I choose and outside of their prinies So that's that's where we're looking at how do we develop that awareness that we are a viable Private instant transaction for these demographics Mark I don't know if you want to speak to that as well of some of what that you're doing so yeah, yeah a lot of the a lot of the dynamics of how In in the near future, I believe that this this the coming next recession You're gonna see a lot of failure in fiat currencies and and and central governments And a lot of the trust is going to be lost in those fiat currencies and cryptocurrencies are going to Have a super spike. That's my main economic thesis I see global global market cap for cryptocurrencies anywhere from seven trillion to ten trillion dollars And that's a huge move and it would not take a large amount of capital to actually push that price up because it's an exponential Function of how much capital is trying to move into the space? So even a small move of several hundred billion dollars could accomplish that and from there When cryptocurrencies hit that market cap, which cryptocurrency are people going to want to actually have their? their value their currency stored in and That's that's really where PIVX is well-positioned is You know, we're we're our our marketing guy Rubarbarian and I were talking about how he's trying to work with churches who are trying to send money to Mexico and the 20-30% costs 40% costs to send money to Mexico. I'm working with Venezuelans trying to figure out how can we get PIVX implemented as the instant transaction Mechanism for the black market the free market the true free market in Venezuela to actually stimulate the free market multiply it exponentially in Venezuela so that people can trade with cryptocurrencies and if you're a family member who's going to send money to your family in Venezuela and You want a cryptocurrency? Which one are you going to choose? Are you going to choose the cryptocurrency that? prints that that has quantitative easing I have a website that I put up called crypto qe.com where I basically point out hey a Lot of a lot the entire economic dynamic that's going on with cryptocurrencies today is a function of Quantitative easing of money printing by central banks and with proof-of-work currencies They're doing the same printing. They're doing quantitative easing as crypto currencies Devaluing the value that everyone who owns the coins has to pay outside miners with pivots Our economics is truly decentralized We have chosen to go and pursue proof-of-stake a true decentralized way of Economically running a cryptocurrency where we all run our cryptocurrency and we all pay ourselves so if you're a family member and you've got five thousand dollars and You're staking on pivots. You can send your family member In Venezuela the monthly minimum wage in Venezuela in pivots That's a powerful dynamic and that's just spending interest let alone remittances. So if we're going to be the Mechanism for global trade We really feel that that's a huge massive economic advantage that pivots has over Over many other cryptocurrencies in the space. How are you guys different than that? We actually Excellent question. Our economics are completely different with dash uses We're built on the dash core But we we said hey the idea of having 60 percent 61 percent right now of your masternodes being paid to provide services With half of the block reward plus the other half of the block reward being paid to miners To put it in in practical real terms For dash next year over the next year 730,000 new dash are going to be minted or mined and given to masternode owners or miners There's only 2.85 million dash that's owned by Regular people who are essentially being devalued at a rate of 25 point six percent per year if if that currency is ever spent To I mean to put it into perspective that would be like the US Federal Reserve printing Five trillion dollars and giving it to banks. Wait, so you're saying that your masternodes actually print our mint new coins Yeah, so Fee's from the transactions that go through no the So our block reward is designed to pay for computing power from masternodes and from the owners Everyday owners who can just stake by open bike leaving their wallet open So you guys already are a staking staking course. We are we're full of we're full just pure proof of stake No, no proof of stake time proof of stake work, etc. We're just pure proof of stake There's issues with proof of stake time, etc. That are that are actually Not compatible with a true decentralized attempting to be a global a global community cryptocurrency because you know Down times in foreign countries, etc. For wallets Are disproportionately Punishing in certain other proof of stake methods to poorer countries So we are pursuing pure proof of stake So everybody gets a share of the block reward to provide Computing power to run full nodes to provide consensus and to be randomly selected as the validator Of the blockchain So we pay ourselves and we don't pay others So what does it take for someone to become a masternode for proof of stake? Yeah, for proof of stake for PIVX it takes 10,000 PIV to to own a masternode so right now that's about 17 thousand dollars and Based upon I don't actually own or run a masternode. I have enough that I could but When I stake I'm actually I actually think I'm making more than masternoding right now And that's because a certain percentage of PIV will always be on Exchanges that are not going to be staked. There's going to be some PIV That's going to be in cold wallets or mobile wallets that aren't able to stake because it's it I don't think it's ever going to be safe to stake from a From a mobile wallet. I saw one So-called proof of stake currency that also uses proof of work, which is not pure proof of stake Economically speaking They were they were going to run all of their mobile wallets from one server. I was like, how is that secure? That's that's such to have true secure decentralized nodes Staking may only ever be on a live wallet You guys burned your pre-mine, right? Yeah, yeah. Yeah. So there was 60. Yeah, there was 60 thousands There were 60,000 pre-mine to set up the initial six masternodes to get the network going And that was publicly declared and and also declared that I forget the specific block But at the specific block those 60,000 would be burned as well Yeah, so that's that's again, that's a very that's a that's a diversion from what occurred at the beginning with Dash As well with their coin The other the other thing too and Sunarok, this is why Again, love what you said about with verge is it's there's a community feel, right? So that's one of the things that PIVX is embraced and really Promoted and I think done differently and in a more powerful manner than most other cryptocurrencies It outside of who's here is is that community aspect, right? So that's the other thing that we've taken and that we've improved upon is With masternodes and in that in that model that Dash initially set up is that the voting power for any Governance for any changes to anything within the Dash ecosphere Exclusively to the masternode owners, right? So all the voting power remained within those owners and something that PIVX has done You know that that don't go that community feel We are providing a true Attempting to provide a true decentralized manner of voting and power distribution So already within PIVX it's gone through the masternodes. I think unanimously voted They're exclusive voting rights, right? So instead of saying the masternodes have all the voting power We decide what goes on with any any type of proposal The code for the masternode said yep We're gonna actually figure out a way to give voting power to everybody. That's within the PIVX ecosphere So it's no longer exclusive to just the masternodes, right? So that sort of democratic Community feel of hey if you own one PIVX if you own masternode, it doesn't matter You can all participate in the vote, right? So whatever it is if you want to vote on hey We want to we want to change the banner to the orange or oh we want to make the code all of a sudden x y z That now becomes a true community endeavor, right? And we are we're providing the architectural framework that actually occur And a lot of that has to so I would say that right now we're working on governance But we do have in terms of these two these total decentralization. We have The economics going for us and I think that's huge and then I think also In function were to decentralize we embrace the swarm method of you are what you do we are PIVX And so you are what you contribute and and so I've had brand new pivians come on to slack and Oh, hey, you're from Argentina. Oh, hey, I need something translated in Spanish boom done within an hour and they Know send it back to me and say hey here's your here's your Spanish translation So we can get piv implemented in spain in Venezuela and you know, that's the that's the kind of Atmosphere and partnership and teamwork. We have dozens of people working on languages to get pivx.org translated into as many languages possible. I talked to our Coordinator for for for translation for pivx.org and she says we're aiming for 50 different languages By the end of the year so six months 50 more 50 total languages So that's huge and getting our mobile wallet translated and as many languages possible We're truly are committed to being the global community cryptocurrency and advanced by us So marketing directors of wherever you're from you You can promote pivx and get cryptocurrency into the hands of of your family and friends Do the masternodes have user IP addresses in their debug logs? I do Yeah, so that that's a question that we'd have to pull in I don't know if thought my head so that would be a great question to follow up with I can check with Spock or press I haven't and find out for you Yeah, and I run two computers for staking and one of them is in Singapore and the other is Different locations in the US so depending on where I want my VPN to say I'm from so I Just want to switch over for verge for a second. I sort of reckon you explained to me the economics behind it Yeah, as you could you give me a little bit more specific as to what you mean like that's Like I mean we are working with you could right now. We're getting listed. I just talked to the guys at coin payments last night And they're adding us so we're actually going to be setting up a full merchandise shop on our website that accepts only very nice But I mean as far as economics like I mean I feel like that's Like I feel like it's not really if you build it. They will come I mean we we're doing marketing now, but I feel like you know, that's the kind of stuff where people should see what fits them I Don't want to go knocking on doors and it's trying to sell vacuum cleaners, you know, you know matter no matter How good the vacuum cleaner is? You know, I think that that's you know, that's up to retailers and people like that to come to reach out and make their own Decisions, you know, they can look at see what's out there, you know Somebody saying hey, you know, we kind of want a coin that focuses on privacy. They should, you know, definitely do their own research You know, I mean I see firsthand Investors themselves even telling me I make decisions based on marketing and I think to myself. Wow, that is so bad because Anybody can tell you that something's amazing, you know, anybody can dress something up and put a fancy graphic on it But uh, you know, you really got to take a look at what's underneath You know and get people's opinions and do some research, you know I definitely I definitely urge all investors to do their research, you know and not just, you know Take an infographic or a tweet, you know to heart and think, you know, this is okay This guy tweeted and says it's awesome, you know, or this infographic looks so clean, you know The illustrator did a great job. I'm gonna invest in this, you know So I think that people need to do a lot more research and you know It's cool to see that a lot of new investors are coming into the altcoin market, you know I think people are kind of like wow, they feel like, you know, Bitcoin is such a high price and they probably feel like, you know Wow, it's in the $2,000 range. I don't even know if I should get in this But then people say, oh, what is what is litecoin or what's what are these other altcoins and then they discover the entire You know wild world of altcoins and and it's not even it's not a secret I mean, you know, altcoins have better technology right now than Bitcoin does and and a lot of people are learning that and Don't get me wrong. I'm not hating on Bitcoin I do hate all the drama that goes on You know and that it becomes near impossible for people to make simple decisions Like everybody's fighting over the soft fork and segu it and all this and it's like, you know what if two years ago You guys just doubled the block size. None of this would be an issue right now So, I mean, I guess the larger you become the harder it becomes to make decisions that everybody will like I mean, you know, I the other day we relaunched our website and all of a sudden We had, you know, a thousand people say, oh my god, this is great And then you have, you know, 20 people saying you should change this little part this little part should do this But now we actually serve our website from our github repository So we have a whole team of developers that and anybody is free to make pull requests on it And we can just press a button boom it goes live to the site So it you know keeping things open sourcing on github Kind of helps a lot, you know, especially with communities because then it's like, you know Developer doesn't have to say hey sooner off, you know, I think that this should be this You know now they can actually just go do it and then set it up to where I take a look and see if I like it And then okay, awesome. Yeah, let's add that. That's a good idea done Mm-hmm. I Think we will wrap it up there Guys want to have any final thoughts or you want to anybody find a final suggestions or yeah, just thoughts on What where should they go from here? Stick with user privacy guys user privacy should be number one. I always tell people this analogy Would you people so people say? Oh, you know, I don't have anything to hide Well, would you like to live? Everybody outside can see you inside and you can't see them watching you If so, then okay, don't worry about privacy But if you'd like to you know have a little bit more freedom than your people see on the internet people aren't really aware It would be a lot different if if the internet was real life And you actually had people sitting outside your window staring in and you couldn't see them But you knew they were there and that's kind of what the internet is now You know, if you're just roaming around on the regular internet like we are on Google, you know You're I so much metadata is just flowing through, you know what I mean? And databases are being compiled with all of the information and who's in ours like right now We're all on Google. So right now all this information is coming in and who's in our circles who's not You know what connections we have and what our locations are and who we have in common and you know so much so much data is compiled from you from users and And a lot of people aren't really aware of it. So I really like to try to get that analogy out there more It's like, you know, if you're on the regular internet, you're pretty much traveling around in a clear vehicle where everybody can see you But you can't see them so Privacy and you know check out who's doing it and you know start start investigating it and you know Yeah, we'll set Yeah, and I say I Absolutely believe that the privacy coins are going to be the ones that are going to thrive When Gresham's law starts being implemented and a cryptocurrencies spike a hundred X from here because When that happens governments are going to be starved for cash And they are going to go to the to the sphere that just made several trillion dollars in capital gains And they are going to extract their pound of flesh and they're gonna do everything they can to track you down So at that point the trackable currencies That are going to be forced into and any kind of centralized coin I mean if they can't get their money They will haul off the devs and the so-called CEOs of these centralized coins and send them to prison because They think that they can that you can that Bitcoin is a thing that you can hold so These guys are that stupid. So that's a actual real-life thing that could happen. So The coins that are going to flourish are actually going to be the privacy coins and So stick with privacy And it's it's processed to work I mean physics isn't as private as we want to be but you know, we're we're working towards implementing as much privacy as we can possibly can and Various cryptocurrencies are going to have you know Different followings for different reasons because this is the free market of currency Free competition Also, I'd like to tell everybody Download it up. You know start start finding out what this stuff is It's a lot easier to use than you think so some of these things you just click a button and you're doing it already So start getting into it. Yeah Yeah, that's what I was I was gonna follow up and say, you know look into Sonorock, I love what you just said to about github like within the realm of the Wild West of all coins if Even if you don't know what you're doing just go into github and take a look at the activity of what's going on Right take a look at what the developers you're doing make sure that there's active work going on the other thing too is a You know, whether you pop into us into a slack or if you pop into telegram or you pop into a Discord chat or a matter most whatever it is All of the community right like because if you're gonna be part of a crypto and again It's all a personal bias right go see what's going on within that community and see if you jive with it I mean, that's that's another great thing is not only look at it from a tech aspect and see what they're doing on the privacy elements And what they're doing in terms of updating go see what the community is about and who those people Initially are involved in and see if you jive with it, right? Yeah, I think there are a few coins And doing it well Again, it's not a this isn't a hey We're the best and everyone else is you know, they can go to hell and that's it No, like there's gonna be a few coins and there's gonna be a few communities that all thrive together, right? Look at the world. We're not all homogeneous and in a population. We're very heterogeneous so You need to say like look you guys are focused on that aspect and you do it really brilliantly awesome You know what? I want to have some verge coin. Okay, you guys are doing Instant transactions and and this type of technology very well. Okay, cool. I'm gonna I'm gonna pick up some pivots. Oh, and you know what? I want to do some Well, it's at technology. Okay, cool pick up some of whatever that is As go do your homework look at the github Go find the community and then just have this conversations. So That's my that's my two two pigs. I have a good example. Yeah the other day the other day we saw a pot coin reached 10 cents and You go look at that github. There hasn't been a change since 2015. There's nobody working on pot coin right now You know what I mean? No, you know markets are very easily manipulated when they're low volume and a low price So definitely do homework and make sure that you know, you're not just buying something with that Nobody's home and nobody's you know You know You don't want to buy a product from a company who's already dissolved The Sunrock I love it because I think for those of us who have been in Cryptocurrencies for more than six months right six months is a long time in crypto So for those of us who have been in for three four or five six years Good night. Yeah, like crypto is dog. Oh my gosh seven years Yeah, yeah, yeah, absolutely. Do do your homework Yeah, there's so much of a wild west in crypto Talk to good people There's a there's a good number of us in crypto Who like even if it's not about PIVX or or verge or whatever it's like no at the end of the day I would say the people right now in this call Are more concerned about like we don't want you to get screwed Right because there's a lot of people that will screw you in crypto. So Cool, we'll leave it at that. Thank you gentlemen so much for coming on board and I'll make sure I put in the show notes all your information your twitter and how people can reach you All right guys take care and thank you so much peace Peace thank you awesome