Renegade Lifestyle

Pirate Chain (ARRR) & Privacy Cryptocurrencies: Captain Draeth

July 18, 2022 George Papp
Renegade Lifestyle
Pirate Chain (ARRR) & Privacy Cryptocurrencies: Captain Draeth
Show Notes Transcript

A fascinating conversation on the bleeding edge cryptocurrency pushing the bounds of private blockchain transactions and cryptography. Draeth introduces how he got started with Pirate chain and is involved in the community while showing us a vision for a world where both private and transparent blockchains can coexist – each useful for different types of applications. You'll get a history lesson about the origins of Pirate chain as well as your questions around code audits and pre-mined coins answered. The Pirate chain team also teases an upcoming hardware wallet using zk-snarks that would be the first of its kind in the crypto space as well as other upcoming roadmap milestones. Draeth leaves us with some insight on the value of your data and how you're giving it away for free to corporations who use it to profile and target you.

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George Papp  0:08  
Hi, welcome to the Conscious Renegade Podcast with me George Papp, helping you to be the change you wish to see in the world.

Today we are joined by Captain Draeth of the cryptocurrency Piratechain. And we'll be discussing alternative economics and crypto to free people from the current system and the potential coming Great reset. In regards to updates with Cryptonomous, we are launching the membership. Now we have a date of the first of July. So keep your eyes peeled for that. We'll give updates soon on when those will be up and running. So thanks again, Draeth for joining me. How's it going on your site?

Draeth  1:06  
Thanks for having me. Yes, things are going great man, except for the market.

George Papp  1:11  
Yeah, we'll definitely ask your opinion on what's going on in a bit. I mean, it's obviously an interesting time to be discussing crypto. But yeah, thanks for joining me and taking time out for this. I know you we've wanted you on for a while to discuss what Piratechain can do. And what we can often say to people, I guess, to kick things off, we wanted to, like I do with most guests is just to have a look at your story and how you manage to I guess get to what you're doing now and in contributing to pirate chain. And you're sort of what's your story in, in essence.

Draeth  1:47  
So I started off in crypto in 2016. And it naturally kind of drew me because, you know, being able to control my own money, for one and two, just the different types of things you can do with the new innovations that crypto is coming up with just you know, it's fantastic. And I was always a huge, huge advocate of privacy and, you know, security, things like that. So, you know, I started off as you know, miner of Litecoin, and just various things like that. And then until I stumbled upon Piratechain in October of 2018, which is two months after its launch. And I started mining that because you know, I found out about it through a couple of videos and things like that. And what really, really stuck me to the community was that or to the project was the community for one and how helpful and knowledgeable they were. But to how like just reading into the technicals and reading into all these different things just really floored me in terms of like technology behind it with zero knowledge proofs and all this amazing tech, including, like delayed for work and everything. So at that point, I was like, you know, this is something that I really, really want to stick with. So I started trying to help out with anything that I could in terms of community management, or just promoting in general and one of the old captains fishy guts actually got me to start a business that accepted Piratechain, and I created, you know, this crypto coins and stuff. And it was just a lot of fun. And then, after a while, it just became something that I was super passionate about, and dedicated a very good portion of my time to assisting and doing whatever I could. And over time I got eventually promoted up the chain to captain. And now you know, I helped lead the ship in terms of the direction would go with promotion with pretty much anything that I'm able to do. So

George Papp  4:16  
yeah, I can tell with the team with you guys. You're all very aligned in and sort of morals and ethics think is very important. And it also shows the continuity. And it seems like you know, you can tell a scan by the team. And I'll definitely know that, you know, the team. We're at Piratechain. I mean, it's definitely there for for the cause. And yeah, like I said, it's been a pleasure to speak with all of you to be honest. I think one thing, one topic we want to discuss is I know you're obviously in the space, but I want to talk about the overall crypto solution as an economic solution for freedom on your end life. What's your views on on crypto being an economic solution? It kind of gets a lot of people on both sides of the coin. You know, people say that crypto is that digital money that eventually will be sort of taken over and sort of be just like, a doorway to the CBDCs. But other people, you know, realize that the privacy aspect and and having our own sort of limited supply type crypto can be a solution. But what's your thoughts on crypto as a solution in our current society?

Draeth  5:34  
Well, crypto is it's too broad of a term really, in terms of being a solution for, you know, money in general, because there's so many different applications that crypto can be used for, but speaking specifically on currencies, for them crypto like Bitcoin and fire and things like that. A problem is, when it comes to CBDCs and things of that nature. The biggest issue is its transparency, right. So whether it's transparent to the public or transparent to a select few, that's what that's when it becomes a major issue. Because now you have people tracking everything you do everything you spend your money on, and so forth. Now, the solution comes in privacy coins, whether it be pirate chain, or, you know, quite a few others that are out there that actually have some really solid privacy aspects and features to it. Because with something like pirate chain, you can't track it. It's literally impossible, what the moment you send something to somebody, nobody can see that transaction. Nobody knows how much was transacted while the Tresor went to nothing. They just know that something happened on the network. And that's it. So the analogy I like to use is, it's like having $1 in my pocket. And then me thinking to myself, Okay, I'm gonna send it to this person here. That person knows I sent it to them. But or knows the address that it was sent from. But aside from that, nobody else can see where that dollar went, because it just disappeared and reappeared in that other person's pocket. As compared to say, like Bitcoin, for example, which is completely transparent. Everybody can see that I send money across the table to that other person, everybody's watching, everyone seems to have a wallet, everyone can see any detail of that transaction or of my wallet or wallets that I own. And that's an issue because you don't want to do you don't want people to see your private information, load woes want people everyone to see your personal finance. So Piratechain solves that by making everything completely private.

George Papp  8:09  
Yeah, it's, it's interesting, because the you can see that in not only for us freedom based individuals, I think there's definitely a use case for businesses from in regards to sort of private blockchain technology, who would want all their information on business and supplier details and you know, all kinds of payment details from a business point of view, to be seen by everybody. Now, we can flip that, I guess, and say that maybe there are a lot of use cases for transparent blockchains. Especially if you believe in government, having a an open ledger, transparent to all of society in regards to maybe tax expenditure, wherever your view on taxes would be a useful thing. But I think in this case, having a tool like pirate chain and and others that are fully private, there's so much use case for that, especially in a world where we are now and even even in a world where it wasn't in this way, in the sense that there are illicit actors, prying over your funds, and then they want to know everything about you. But yeah,

Draeth  9:19  
not only that, I mean, when you look at transparent blockchains, they there are tons of use cases for them. Yeah, not in personal finance. But when it comes to public finance, or say voting or when it comes to say donations specifically to politicians and such. Those things I believe should be public and completely transparent.

George Papp  9:53  
Yeah, exactly. Yeah. I think there's so many use cases that you know, can prevent a lot of issues that we're having at this moment. In the world, with transparent blockchains, for the public side of things. Great. Yeah, I guess, just to touch upon the story of pirate chain, I know you joined in two months after launch, or you got to know them at least two months after the launch. But what are your what's your knowledge on how it started pirate chain and how it sort of grew as a as a crypto as a team, sort of where were the origins of Piratechain?

Draeth  10:29  
Yeah, so Piratechain originated on August 28, of 2018. And it was developed by a bunch of different developers on Komodo who basically thought to themselves, is it possible to actually make a fully shielded chain using z k snarks, because at that point in time, the only chains that were available with Zk-snarks, which is widely considered the strongest privacy protocol was, say Z-cash, right, Z-cash was the main, one that utilized and developed zk-snarks into blockchain, but they also have transparent addresses on top of private addresses. Now, the problem with that is 95% of all transactions on their chain is transparent. Only 5% actually utilize the privacy features were shielded addresses. And the reason why privacy gets ruined with that is because if, for example, coins get sent through a bunch of different transparent addresses, then it goes to shoeless address, that eventually back to a transparent address, they can eventually be traced. Whereas with Piratechain, you don't see anything that happens. Right. So once they started kind of digging into that, they got the chain working and up and running. And then from that point, you know, they dedicated some of their developers to help out and it was turned into a community project, to where anybody could really help out and, you know, push the push the project forward. So they gathered some of the best community managers, some of the best project managers that they could find, to help run the project. And then from that point, we just kept expanding in terms of personnel, community, and just pushing the message forward, that privacy is a fundamental right of all people. And nobody has any right to infringe upon your privacy without your consent. Show it so we just kept developing and developing until we were the first to actually have a fully shielded mobile wallet in the industry. We were the first do tons and tons of different things with zk-snarks. And we actually got recognized by quite a few people, including Monero and Z-cash. Manero complimented us on our anonymity set, because our anonymity set grows with every single transaction that occurs on a network. And just all the developments that we've made in this industry for zk-snarks and usage. We were complemented by Z-cash for that. So

George Papp  13:32  
yeah, so we can tell the difference between Z cash and Piratechain. Piratechain is private by default, using the Z-cash narcs technology with Z-cash has but they don't have privacy by default. So it's easier for the blockchain to be read for the unshielded transactions make up most of the transactions, so it's easier to sort of work out the private transactions basically, is that the jest that

Draeth  14:00  
pretty much and we're all going to be the first in the industry soon to have a hardware wallet that can actually utilize zk-snarks. So currently, there's no wallet in the industry that can handle shielded transactions for zk-snarks. And one of our community members slash team members is actually developing an almost finished with a hardware wallet that's capable of running pirate chain

George Papp  14:30  
that will be an excellent solution in my opinion, I think you know, that sounds pretty revolutionary because I think we currently I mean, the hardware wallets currently. They're not I mean, they they they don't support Piratechain so I think having a hardware wallet is obviously advisable for especially long term holds and yeah, obviously having that for pirate chain is is definitely something definitely a good move forward in my opinion. How long are you until that, that

Draeth  15:01  
sort of ready? Well, it's been in development for over a year mobile rights been just, you know, working like crazy on this thing. And it's been shown off his progress every so often. And he's made amazing strides. And I think he's finally at the point where probably I am don't quote me on this because you know, things can change. But I would, I would assume that in the next couple of months, you probably start taking pre orders.

George Papp  15:32  
Because that is something

Draeth  15:34  
manufacturers and a bunch of other stuff to just get the final kinks worked out.

George Papp  15:39  
Definitely something to check out in the next few months for sure. I'm definitely interested in that. And we can definitely point people in that direction once things get close to that time. So thank you, I guess there are some things we want to talk about in regards to there's a lot of talk about, obviously, third party audit. In regards to pirate chain, potentially pre mine issues, I think we just want you to essentially clear up some of the sort of talk in the background of, you know, the third party audits that haven't occurred yet for pirate chain. And and some of the other limitations that people have expressed in regards to the pre mine. Just maybe touch upon that to maybe clear up some of these issues that people might have and concerns.

Draeth  16:31  
Yes. So while Z-cash itself, has their stuff audited in terms of their technology and everything, you know, it would essentially be the same thing for us. But the problem lies in the fact that there's only maybe a few, in fact, companies in the world that can actually audit zk-snarks stuff. So finding those people, which we found a couple that can do it costs, ridiculous, I'm talking about several $100,000 to be able to just audit the code. But the also the other problem lies in, you know, can you really trust that they know what they're talking about? You know, what I mean? So, it's, it's, it's an interesting thing, because we're really pushed to do it, which we started fundraising for, and still are, because, you know, we still haven't met our goal of, I think it was like, a quarter million dollars to get the process started. And, on top of that, you know, when we find when we, I think we found somebody to found a company to do it. But then it was, I think a couple of community members or people from another project were like, Well, no, they're not that great at it. So it's like, Who do you trust at that point? You know, so it's something that I mean, we're not, I mean, we are actively working on it. But it's not like a major priority at this point. Because there's so many other things that we can be doing, rather than, you know, trying to raise money, and then trying to find a legit order that everyone agrees on, which is near impossible to find, let alone find additional companies that are able to actually audit. zk-snarks. So it's, it's, it's, and it's a monumental task to try to do. And that's something that a lot of people don't realize, because the thing is going to say like Ethereum. You know, auditors are a dime a dozen. There's tons of solidity to solely solidity auditors, because there's just so it's easy code is to audit. Whereas zk-snarks is the math, the math required for this, it's just saying, so. So that's that. And then in terms of pre mined, it's, people always get upset when they miss out on the beginnings of a project. And our emission rate was high, so that we can, like catch up to people like Mineiro, and things like that in terms of supply and everything like that. So what ends up happening is when you have people that missed out on the beginnings of a project, they get all fuzzy like, oh, you know, it's a pre mine. This isn't that. I mean, when you really think about it. I mean, how difficult was it to mine Manero back in the day when it first launched? Right? It was actually, for a lot of people. There wasn't the software solutions or a lot of things that were that are currently out now. That were that, you know, back then it was really hard to do. Let alone you look at the amount have people that were in crypto back then that, you know, were actually mining Manero? It was only a handful people compared to you know, what? The average amount of people that mined certain assets today. So, if you really want to save it, you know, you can technically say, well, manera was pre mined, not many people knew about it, when it first came out, it was really hard to mined. So, technically speaking, it was, you know, for a lot of people, it was too hard for them to figure out and so forth. So, to me, it's, it's a stupid, stupid thing that was just, you know, people use his try to use this font. And it's just, it gets old after a while, you know, it's, it's funny to see a lot of people stop saying that after a while, because they're like, Well, you know, they can't refute the things that we say like, well, you know, it's it was available, we promoted it, do you want? Did you expect us to have millions of dollars to promote this, so everyone knows about it in the beginning? Now, there's tons of projects that are out there that blew up during the crypto polish of a bull bull cycle that not many new people know about, because, you know, not every project has millions of dollars to promote their stuff. And that's what it takes these days to get noticed.

George Papp  21:21  
Yeah, I mean, some of those projects are probably no longer here. So there were Yeah, so you know, I think the testament is at least, you know, you guys have kept very consistent in the sense that your, your project is very consistent, the team is very consistent, and you have a very, like consistent sort of moral and ethical standpoint, I think that's very important.

Draeth  21:48  
And not only don't have any dev fees on chain, or anything like that. So no, there's a 0% of any transaction goes to anybody but the actual intended receiver, like you have certain other projects that have we like to call it dev tax to where a small percentage of the blocks mined, actually go to the project? No, so we have no, no pre mined for us. There's no dev tax shot for us in terms of mining of things that this, nothing like that. So we're literally operating on a zero budget. Because, you know, we all volunteer, we don't get paid for this. And, you know, the things that we need to raise funds for we go through the community. Yeah,

George Papp  22:44  
excellent. Excellent, I think, yeah, is a testament to knowing who, who you guys are behind the scenes. So yeah, I can definitely advocate for that on your side. I wanted to ask this, because a lot of people question crypto and if even being online, at any point, means that you're totally private. So I wanted to put it to you, in a sense that can you ever be fully private? In a sense that, will anyone? Can people just know that you've bought a pirate chain? Or whether you own pirate chain? I believe, I mean, you probably can't tell that you've how much you bought, right? But Can people or you know institutions? Or anyone really, hackers know that you've bought pirate chain? Or is there is there actually ways where you can buy a pirate chain without any sort of footprint online? Let's say?

Draeth  23:43  
Um, so the difficulty about that is the fact that in order for you to really know not leave a footprint, is if you were to say, trade assets. Regardless of what that asset is, does that mean you can give somebody Bitcoin, then you receive Piratechain, that really doesn't matter, because nobody's going to see that pirate chain transaction. So they just see that, you know, like, from an outside perspective, you see Bitcoin going from one place to another, but that's all you see. You know, so, realistically, if you want to try to not leave a footprint, then it's, you know, utilize VPNs and such like that. So you don't know what sites are going on, or whatever, you know, to encrypt your data and stuff, but the thing about Piratechain is that it doesn't matter if somebody's monitoring your network, you know, because it's all encrypted. So it's not like people can see just because they're on their network or network that, oh, wait, they're receiving power chain, or they're sending pirate chain, they have no idea because it's all encrypted. And on top of that, you can utilize the built Tor and stuff with our wallet. And soon, hopefully soon, you'll be able to use ITP as well. So we have additional security features built in. So it's like encryption on top of encryption. And so it's for somebody trying to see that, you know, you're making a transaction unless they're actually on your computer, looking at it. You know, there's whether that be in person or like through spyware of some sort, that where they can see your screen and see what's going on. Nobody's gonna have any idea that you're actually sending or receiving power chain. Yeah, and I

George Papp  25:50  
think I just think that it's an important point to make. I think you gotta have everything, I mean, without sounding completely paranoid, because I think you can go too far in a sense that you need everything not to be seen, in the sense not of the transaction, but even like you buying certain things like Piratechain, or even just making a transaction from different assets. But I think what Piratechain can offer towards freedom is definitely the community aspect of if we use Piratechain, as a method of currency between us, it cannot be tracked or extorted, whether whatever your views on tax, for example, but not just that, in regards to if you've bought something and you know, you're not allowed due to your social credit score, they can't do that with pirate chain. So as an alternative solution to the ever increasing surveillance, monitoring of digital money in traditional finance, Pirate chain can really be used as that, that sort of added tool in your toolkit to actually be able to move around that system. Once an effect comes in, in regards to CBDCs, which looks inevitable. Yeah, so I guess let's move on to thoughts on the current market, because so much has happened since we last spoke together a few months back. What are your thoughts on the current market? And you know, what's happening at the moment why it's happening? And what you see in regards to the future of crypto?

Draeth  27:29  
Yeah, so basically, obviously, we're in a bear market right now, which was pretty evident. But the thing that really kicked it off to where it is now, was the fact that LUNA was just basically destroyed, which was, you know, a top, I think it was a top 15 Crypto, and a lot of people utilize the stable coin and LUNA itself. And when you will look at what happened. It's like billions of dollars were just erased almost from just people's homes. So there's a lot of people take advantage of the arbitrage opportunity that went on between the stable coin and Luna itself. So where it basically got depay. So a stable coin, as you know, should be pegged at dollar if this was at like 80 cents, and then the arbitrage which was so hard that literally dropped it down to 50 cents and then just went downhill from there. So a lot of people get affected by Luna which causes a huge ripple effect all over crypto. And then you have this stuff now with Celsius and you know, various other things that are going on that are just causing issues. So it's not a fun time for sure.

George Papp  29:01  
Do you see the end in sight?

Draeth  29:05  
Well, here's here's the way I look at it. You look at all these other times that all these quote unquote industry experts say oh crypto is dead crypto going to zero bla bla bla bla bla they've said it so many times in the past, I mean, most recent or not most recent but the last example was 2018 Right? So Bitcoin had just reached his all time high of like 19 change. And then they just started dropping and dropping and went all the way down to about $3,200 I think it was late that year early the year after and then it just stay in that low for you know, quite a while and then finally out of nowhere just rose up to eight grand and then kept rising from there. So realistically, it's just going to be awhile, it's going to maybe be about a year or two, in my opinion in terms of a full recovery, plus going back to potentially new all time highs and all that other fun stuff. And that's why the comb cycles, you know, so we're in a bear bear market cycle right now, in my opinion. And then eventually, you know, once we get out of that bear cycle, we'll go back into the bull cycle. And then you'll see all new cryptos pop up, you'll see all new scams, obviously, you see all these new innovations that will be coming out of crypto during that time. But the important thing is, it's, if you want to find out what projects are legit, look at what they're building during bear markets. Because it's during the bear markets, when there's no money really to be had compared to a bear market. Compared to a bull market, you'll really see the dedication of a team, when you see them build during a bear market.

George Papp  31:05  
Yeah, and you can the lie, I've said this to many people is like this is when you see a lot of the ship coin and you know, poor protocols really just go and you have the ones that have solid fundamentals and the legit team behind them stay and build for the next Bull Run. And I think that's a very big an important aspect for people to know, what are fundamental, fundamentally good projects, and, and research the team etc. Because just going with hype and stuff, it never works out.

Draeth  31:46  
You have to think about what you're really in it for, as a user, not as a product, but as a user. Are you in it for making money? Or are you in it for actually utilizing the technology is severe enough for utilizing the technology. And you're upset about you know, well, prices are down? Well, that's the thing about crypto, use it, use it for what it's intended for, right, for example, with higher exchange or chains of currency. And we have something called the Armada, which is a AR AR AR ma It's a store directory of all stores and services that accept pirate chain as a payment. So if you want to support a project, or, you know, you want to hear in crypto to, you know, use it for what it's supposed to be use for then use it. You know, that's the best way to gain adoption, the more you use, some people use the thing that's intended to use for the more traction it gets over time and more stores will accept it and so forth, we have like, I think it's over 120 different stores right now in counting that accept Piratechain as payment. Yep. So if we continue with people using Piratechain, oh, stuff that'll just continue to grow. And you'll see a lot of adoption come from it. You know, and then over time, during a bull market, for example, if you're if you're the type of person that only cares about price, that's when you see the price shoot up. Even more so than any other crypto is that, hey, it's being used, it's actually being used next to one of these other Kryptos that just are supposed to be currencies, but they don't go after no places to accept them as a form of payment. They just go keep going after tech, which is great. But you don't get any traction because nobody's using it for what it's supposed to be used for.

George Papp  33:55  
Yep, we've, I've said this before, I don't even think some in soon in the future, it might not even matter how much Bitcoin or Piratechain and whatever will be worth in dollar terms. I mean, personally, I use pirate chain as a form of payment on order as well, which I'll put in the link in the show notes. For anyone interested in accepting pirate chain I do myself. And that's how we, you know, we actually change our community and help each other by accepting, you know, these sorts of privacy focused coins. And I know that you guys are really focused on getting businesses to adopt your currency and actually using the currency which is it's crazy to me that not many people think about that. They just think about how much it's worth in Fiat dollar terms, which is, which is I mean, it's crazy to me, when the actual technology is there to be used, and it's ready to be used. Yes, I mean, what's next for pirate chain in regards to updates and what's next in the actual world? roadmap.

Draeth  35:02  
Yeah, so in the actual roadmap, basically, we're going to be listed in additional third party wallets. You know, relatively large ones, I should say. We are working on getting ITP integrated into our wallets. So this way, you can have a choice between utilizing ITP or Tor. And knowing that there's pirate poker, that's going to be coming out probably, hopefully, in the next few months or so, which is anonymous poker. I know, there's a lot of people that wanted to get that built. So that's something that one of the dev teams is working on. what else what else, we just got accepted by a, what do they call it voluntaryism in action, which is a nonprofit, that actually does a lot of good work around, you know, places around the world, where you can actually, you know, donate to them to actually help out and everything, and that they accept Piratechain as a payment. So that's something recent that would happen that one of our community members actually teammates, I should say, Luna worked day and night getting that set up, which was amazing. There's just tons of stuff that we're currently doing behind the scenes as well, that we don't really talk too much about or don't talk about at all, specifically, because we don't like saying things in public and then having the public continue to wonder when it's going to be produced. If it's something especially if it's something that it's going to be a long time before we finish. I mean, prime example. There's something that I that I'm actually doing a lot of research into and getting my developers looking into for pirate for an escrow service. Right. I haven't released many details about this at all, specifically, because, like I said, I don't know if it's possible. And if it is, I don't know, how long would it take to develop, and also his stuff. So if we feel like the best way to really push out information and to announce things is when we're 100% sure that it's able to be done for one, and two, we're getting close to getting it finished. Because at that point, once you actually are close to getting it finished, then the logical question of the community would be, when is it going to be available? You know, so imagine if you just stopped working on something, you have no idea when it's gonna be finished? Or if it's possible, and people keep asking you, hey, when's this going to be done? And then you're like, I have no idea. That's not like, a one and two, you want to make sure that you don't hype, something that, you know, will be a long time away. You know, so when we do something, and we announced it, that's when you know that, hey, this is for real, this is coming soon. And so it's

George Papp  38:24  
definitely better to over deliver than meant to under the under deliver. And always over promise and under deliver. over deliver. Yeah, yeah, I was trying to get that. Yeah, exactly. And yeah, I think that's the best way to go. No Hype, just get get your work in the background. And when when things come out, they come out and it's you know, it's 100% Ready, and not some bodge job or, you know, delayed thing that people are still waiting for. So, then other projects have definitely had that sort of thing going on

Draeth  39:04  
to that same point, but you know, we have we've had that same issue before. The thing is, we just learned from it, you know?

George Papp  39:11  
Yeah, exactly. I've had that with this actually, to be honest to releasing this podcast and, and having having my episodes delayed. For launch. To be honest, I've had to learn that as well. I guess the last thing really to touch on is always ask this is what advice and key takeaways Can you give my listeners to to implement strategies into their lives to truly help them free themselves from the current economic climate or just to be able to implement strategies for freedom? I guess in regards to pirate chain, but also other things as well that maybe you're doing personally.

Draeth  39:54  
Yeah, just take a look at take a good long look at everything you do on your Your daily life and see the various places where your information is just you're giving it away, essentially, right? One example I love to use is, for those who are in the US, there's in food stores, they have, like MPP cards, right? Which is something that, you know, you scan it, you get discounts on, you know, various products and items, you know, that are on sale. Now. Those things are free to have like, you don't have to pay anything for an FTP card. But you have to stop and think, What am I? How am I getting these things for cheaper? Why what is special about this thing that allows me to get these things, these products and items cheaper. And what that thing is, is your data, right, you're giving away your data, which is the products you buy, how often you buy them, you know, the various brands that you get the frequency in which you go to that store, or so forth, all this data, which can be just allow me to basically figure out the type of person you are and your habits and all this other stuff. You're giving away all that data for a small discount on whatever items you're getting. And to me, that's crazy, there's an instance where target is I think it's like 70 Some percent accurate determining whether an actual person is pregnant or not based off of their shopping habits, and they're able to determine that prior to that person knowing that they're pregnant. And that's an actual thing that happened. It's, it's crazy. And it's also

George Papp  41:57  
improving as well, like, all Yeah, yeah.

Draeth  42:02  
So looking at various points in your life, where you're doing something that could compromise your privacy, or basically, you just giving it away for nothing, basically, find those points and just try to close those gaps. You know, make sure you always use a VPN, things like that. I mean, there's, there's levels of privacy to where, after a certain point, it starts affecting your daily life, where you don't go out, do certain things, you have to build certain things to be able to surf the net, or whatever it may be, it makes it harder and harder to actually live your daily life. So the key takeaway from that, for me would be find that balance in which you're comfortable securing your privacy, securing your data in general, while being able to maintain the lifestyle that you want. Right, just I mean, you should always have privacy. Regardless, you should always try to be private, always try to do things to where you're not giving away your data. Now in terms of crypto, the advice I can give for that is never I don't care what project it is, could be pirate chain could be anything else don't. And I mean, don't put in more money than you're willing to lose. You know, I've seen people with that whole lunar crash, lose their houses lose basically their livelihood, because they threw their mortgage payments, that they throw all this stuff at it expecting that oh, yeah, I'm gonna get rich, or, you know, I'll have enough money to do XYZ and then when the whole thing, you know, crashed on them, or the market crashed in general, they're just, they're screwed, and they lose their houses and everything else. So never put in more than you're willing to lose. And if you're going to invest in privacy coins, it's always good to have multiple, multiple types of privacy coins, like for example, Piratechain and Monero. FIRO, Conceal all those other ones, you know, have a basket, you know, because the thing is that we're in this together. And that's why I also formed the BTSA, which is the blockchain privacy, security and adoption Alliance. It's a bunch of projects that our privacy and security focus to where, you know, we've made one of our primary goals is to ensure that a person's privacy and security is intact. So we're we all we're all working together on ensuring user privacy. So in a while, obviously, I would recommend Piratechain because I'm the captain over there. At the same time being realistic. You know, there's you should always have multiple options. Because if one fails like For example, if you're heavily invested in Monero, and say Monero gets de-anonymized, you're screwed. You know. So always have multiple options, multiple currencies, things like that.

George Papp  45:14  
Yeah, spread the risk. And also, I guess, going back on your old point, your previous point of privacy is so easy. I mean, the easy things in life, like in regards to tech are always the ones that, you know, your hand and your date are away. But you know, using Google, you know, potentially even using Windows, and if you can go down there sort of using Windows and Apple products, but it's always the easy option, which sort of is the habit that gives your data away. So obviously, it's not something that happens overnight, like you said, it's like one or two things, here and there, you know, you fill that gap. And you gain a bit of privacy on there by using, you know, a different browser or a different type of, you know, hardware, laptop or whatever. These things come into your life slowly. And, you know, you can then transform it going forward in a more long term view instead of like trying to do everything at once and get overwhelmed by the amount of knowledge and technology behind it that you just haven't even looked into. But yeah, that's That's great advice. definitely agree. And I guess I know you have to shoot. So thank you very much for joining me, and definitely want to have you on in the future to discuss, you know, that hardware wallet that's coming out from you guys. So yeah, thank you very much for for joining. And, I guess make sure you subscribe to the podcast on iTunes or Spotify. Plus, if you're interested in having one to one consulting to prepare your wealth for the great reset, check out the episode show notes for a link to crypto animus Also, we'll put all the links to pirate chains material in the show notes. So definitely check that out, especially on moderate because you know if you can accept pirate chain for your services is definitely a massive step forward for adoption. And we can build a community around using this privacy tool that we have. Thanks, Captain, and hopefully it will speak soon.

Draeth  47:21  
Absolutely. Thanks for having me on.

George Papp  47:22  
Last one peace and love tool. Thanks for listening