Pirate Chain  – September Update 2020

(Graphic courtesy of +DreamTim)

Preamble

Ahoy Pirates! In the month of September, we have had a exciting exchange news and wallet updates. We’ve also found another Pirate artist with a distinctly unique painting style. Starting with this edition of the newsletter we’re changing the title of our monthly updates, same content, updated name. Check out all the exciting information in this newsletter!

Project Update

Polarity DEX listing

It probably is not news to many Pirates and crypto enthusiasts that although centralized exchanges (CEXs) have been instrumental in the rise of cryptocurrency, they have been fraught with problems. As the moniker implies, funds and server access are centralized, which unfortunately set these exchanges as targets of hacks. We are also all too familiar with the CEXs that exit scam with your funds that were left on the exchanges’ wallets. Lastly, the issue of kyc is fast becoming a thorny issue with CEXs as financial regulations catch up with them (the most recent illustration being the US Department of Justice crackdown on Bitmex and dramatic arrest of Bitmex executives. https://www.bloomberg.com/news/articles/2020-10-01/bitmex-founders-and-executives-are-indicted-in-new-york)

Since the manic ICO bubble of 2017/18, the crypto industry has been talking about “the rise of DEXs” (decentralized exchanges) or “DEXs will replace CEXs.” As the name implies, decentralized exchanges do not have a single point of failure. First, they are not a centralized corporate entity they cannot be reached by financial regulation authorities. Second, as DEXs are not corporate bodies, they are less incentivized to follow kyc+aml regulations. Lastly, and perhaps most importantly, true decentralized exchanges do not hold custody of your funds in a centralized wallet, instead funds are held by you until the moment of a trade.

Pirate Chain is proud to be listed on Polarity Exchange with a ARRR/USDT pairing. Polarity Exchange boasts of a paltry 0.01usdt fee for all trades, with no minimum trade requirement.

Shurli Update v0.0.2 release

The updated Shurli v0.0.2 PoC2 is available to download from latest release builds.

https://github.com/Meshbits/Shurli/releases/tag/release_v0.24

In this release, the user does not have to create the config.json file. The app will create a new set pubkey, address, and a sapling private address using a BIP39 seed phrase, all of which will be saved in the wallet.json file along with config.json.

What is Shurli?

Shurli is a gui to SubAtomicSwaps (distinctly different from AtomicSwaps), which is an over the counter stream of microtransaction swaps that occur in small increments.Learn about SubAtomicSwaps in this archived conversation,https://github.com/Meshbits/Shurli/wiki/What-is-Subatomic-Swaps-and-how-it-fits-in-Atomic-Swaps-architectureLearn about the difference between SubAtomicSwaps and AtomicSwaps here,https://github.com/Meshbits/Shurli/wiki/Why-subatomic-swaps-are-fast%3F-Differences-between-Atomic-Swaps-and-Subatomic-SwapsLearn more about Shurli at this interview by ejuiliano with the creator grewalsatinder.

https://www.youtube.com/watch?v=DaO-hbnWu4I

Weekly Meetings

Catch up on Pirate Chain updates from weekly meetings in September,

9/2/20 meeting: https://mixlr.com/cryptoradiolive/showreel/pirate-weekly-meeting-9220

9/9/20 meeting: https://mixlr.com/cryptoradiolive/showreel/pirate-weekly-update-9920

9/16/20 meeting: https://mixlr.com/cryptoradiolive/showreel/pirate-weekly-91620

9/23/20 meeting: https://mixlr.com/cryptoradiolive/showreel/pirate-92320

CoinFestUK

Unfortunately, due to COVID-19 CoinFestUK 2020 has been rescheduled to April 2021. Pirate Chain remains a sponsor of CoinFestUK, and our team will be represented at this event next year. More updates to come closer to the event date.

https://coinfestuk.org/CFUK20/

Wallets

Pirate Ocean update

Pirate Ocean has released a new update. This version has improved splash screen notifications, clears transaction history, and includes pruning code.

https://github.com/PirateNetwork/PirateOcean/releases/latest

Also, follow this Pirate Ocean wiki page for information and updates,

https://github.com/PirateNetwork/PirateOcean/wiki

Pirate Multicoin Wallet

Pirate has been included in the latest third party multi-privacy coin mobile wallet by our favorite developer Forge, from Zero. Pirate’s own mobile wallet, Skull Island will continue to be developed and supported by Forge. If you would like to use a multicoin mobile wallet, take a look at the Zeroverse wallet:

https://github.com/zerocurrencycoin/ZeroVerse-Wallet/releases/tag/2.0.0

Home Screen
Coin Page

Social Media

Philly Crypto Jawn

https://www.youtube.com/watch?v=IWyykzLttxY

bfreshhb Pirate Chain review

https://www.youtube.com/watch?v=N-af6di4TcM

Live Interview with Burst Coin

In this interview, Captain Draeth chatted with the team from Burst about talked about the importance of privacy and they go into an indepth discussion on the importance of privacy by default in protecting the everyday person’s financial privacy.

https://www.youtube.com/watch?v=bV5CZ61Z8r4

BitBoy Pirate Chain Recommendation

Bringing back past video from earlier this year. Here’s what BitBoy said about Pirate Chain “Privacy coins were under attack for much of 2019. But what we’ve seen over the past several months it is looking more and more like privacy coins are proving their use case. Simply by the surveillance state that we live in. As governments and countries scramble to watch our every move and every transaction privacy coins give us a way to be private with the way that we spend our money. While many of the top privacy coins like Zcash, Monero and others get a lot of the attention there’s definitely room for another privacy coin to move its way up into the top 100 or higher.”

https://www.youtube.com/watch?v=LuJ62Bw1nu0

Privacy Coins: Have The Good Coins Gone Bad?

Cryptodaily published a short guide about privacy coins including Pirate Chain, Monero, Beam, Zcash and ADK. The article comments on how each of these coins elevate anonymity in the blockchain, what innovations they bring to the table and where to buy privacy cryptocurrencies. Here’s the link to the article.

AGNFAB Artist

AGNFAB is a Pirate artist at heart. His drawings are phenomenal. Follow him on twitter here!

Merchants

This month we feature a new member of the ARRRmada, Istanbul Taroth. Here’s an excerpt from the store owner, Francesco Nicolella.

” My name is Francesco Nicolella, My role as a Consulting Metaphysician is to help any individual nurture and guide his Soul in its evolutionary path trough this current experience on Earth. To evoke possibilities of changes in the process of growth and transformation which is human life.  My focus is not centered on treating dysfunction or merely future-telling, but in developing greater awareness concerning your own destiny and purpose in life. After having been a follower and student of the metaphysical teachings of G.B. Lullo for more than seven years, I have developed a personal approach to Astrology and Tarot and started practicing on a professional level in 2013. My main intellectual focus is on the revival of ancient and classical texts and techniques, integrating them into the current modern practice. I live in Turkey and I organize Tarot and Astrology events in the most different places of  Istanbul: cafes, hostels, cultural centers, public gardens and private homes. I have a facebook page where you can follow my activities if you like: www.facebook/istanbultaroth

The Tarot and the Zodiac are not just an external  phenomenon. They are also living Archetypes within each individual. Both Astrology and Tarot are two tools, two mirrors, two symbolic languages able to achieve the same objective, in two words: knowing yourself.

The sessions will be centered on the development of conscience regarding the needs and desires of the Soul. Generally they are One-Session consultations that last from two to three hours. The Tarot can help you to better understand the present moment, with its challenges and opportunities; While Evolutionary Astrology can throw a light on a wider range of aspects and takes into account the entire life experience.”

Interested in a Tarot reading and want to pay privately? Checkout their website on ARRRmada.com

Pirate Partner of the Month/BPSAA

CryptocurrencyCheckout now sells giftcards on their website. Use $ARRR (or any other cryptocurrency they support) to purchase giftcards to your favorite stores including Amazon, Gamestop, Starbucks and Xbox! Get your giftcards from their website.

Last words from the editor

Ahoy Pirates! There has been quite a bit of chatter over the past week about publicly traded companies with Bitcoin on their register. The hype started with MicroStrategy and followed by Square. Here’s a list of some of the largest public companies with notable BTC holdings.

In March 2019, I had the notion that institutional shills of their bags will initiate a $BTC run. I believe we may be seeing this play out at the time of writing.

As with many phases in crypto, this “institutional shill” phase will bring likely bring more crypto noobs to bitcoin, and eventually the phase will pass.

Another topic that has been discussed at length in crypto twitter and fintwit is the topic of Central Bank Digital Currencies (CBDCs). I am not an expert in macroeconomics and so I follow several thought leaders in this space. One of whom I respect is Raoul Pal, founder and CEO of Real Vision and Global Macro Investors.

In Raoul’s treatise video titled, “The Bitcoin Life Raft: The End of Monetary & Fiscal Policy As We Know It” he talks about the impending inevitable revamp of global macroeconomics. He also talks about the rise of CBDCs. Many countries are already ahead of the game and will see transition to CBDCs in the next 2 to 3 years.

https://www.youtube.com/watch?v=qL2LfVRl3J0

However, as we all know, and Raoul previously points out, there is an unfortunate compromise with Bitcoin and CBDCs. Privacy. We are witnessing the stage being set, inevitable changes are on the horizon for transparent digital currencies to replace current monetary transactions and pervade our lives. Privacy will be a glaring problem, users will flock to mixers/jumblers for temporary bandaid solutions. Others will seek private digital currencies. Pirate Chain is slowly but surely gaining recognition for its unrivaled strength of privacy. $ARRR and $XMR are two stalwarts in the private cryptocurrencies sector.

Once again, the course ahead for Pirate Chain is clear, it’s not a matter of if but when.

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