Category Archives: Wallets

It’s Going To Be An OK Christmas!

As many of you know The Dood is a huge fan of OKcash! I was talking with my cousin the other night and she expressed an interest in learning about cryptocurrency. I decided to get her and a couple other relatives started with OKcash this Christmas. It’s a strong coin, has a decent market cap for an alt, and lots of community support. Not to mention an easy to use wallet with support for most OS platforms.

IMO the best way to hand out holiday cryptocurrency would be to hand out paper wallets. However, to insure that the paper wallet had a backup I also backed it up with an image and uploaded it to a USB drive. I then placed the printed out paper wallet, and the USB stick in a gift box and wrapped it for presentation. Here’s what I did.

OKcash Christmas paper wallet

Finished product! Paper wallet printed out, usb stick with jpg image of paper wallet.

First thing go to the OKcash github to create your paper wallet.

https://okcashpro.github.io/okcash.paperwallets/wallets/okxmas2/index.html

There are multiple themes to choose from, I selected one of the Christmas themes.

Now make sure you press the single wallet tab, then click on generate wallet and it will automatically generate the wallet for you and create a couple matching QR codes for the public and private address. Now take a screen shot of the wallet you created and save it in jpg format.

paper wallet screen shot

The paper wallet screen shot that was printed out and saved to USB stick

I should note, that there is a way to create a really cute paper wallet / gift card but using my Firefox browser I just couldn’t get it to print large enough. I have no idea what I was doing wrong, whether it was my printer or the browser but it just wasn’t working for me. However, taking the screen shot and printing them out almost reminded me of a stock certificate and it looked really cute with the Xmas theme. So I took the screen shot, cropped the image in Gimp however any image editing software would do, printed it out and then loaded the image onto a USB stick for a backup.

Now if you have a phone wallet, that you’ll use to load the wallets, just scan the public qr code on the printout and transfer the OKcash. Send a small amount first, then go to the blockchain and make sure it accepted it and everything is working good.

https://chainz.cryptoid.info/ok/

Wait a couple minutes then type in either the transaction ID or the public wallet address to make sure the wallet is loading properly.

If you’re going to scan it off your computer you can scan the public QR code with your webcam using Webqr https://webqr.com/

Once you complete a small test transaction, load the wallets with the desired amounts.

Find your wallet in the block and verify the funds are in the wallet.
https://chainz.cryptoid.info/ok/address.dws?PSQjXjDbmjhGPEnkFmw1dNUnFS1u8dWVfd.htm

If anyone is quick enough, there’s 9 OKcash for the grabbing. Not a lot but I wanted to show a test transfer for loading the wallet.

Once the paper wallet is loaded, place in box with USB drive, wrap and give for Xmas.

What a fun way to introduce friends and family to cryptocurrency. You can do this with any cryptocurrency that offers a paper wallet. The process is pretty much the same. Thanks for reading, happy holidays, and wishing you all a prosperous New Year!

It's going to be an OK Christmas

The Dood wishes you all a happy holiday and prosperous new year!

 

Here’s a video from OKcashHelp showing you how to do it.

Don’t forget to check out the OKcash forum, when you get a chance.

OKcash forum paper wallet help
Here’s a complete list of OKcash tutorials.

To find out more about OKcash check out my interview with OKtoshi lead dev of OKcash.

Special thanks to @shbour_ for the video tutorial. Stop by his twitter page and show him some love!

 

Interview With PoSW coin.

PoSWallet logoRecently I spoke with the lead dev of PoSWallet.com and we talked a little about his new project PoSW coin and of course the latest upadtes on what’s happening with PoSWallet.com

Disclaimer: The Dood loves this project and does hold a small amount of PoSW coin. Nothing in this post or blog should be taken as financial advice, seek a duly licensed financial adviser for financial advice, not some guy on the internet who refers to himself as The Dood.   It should also be noted that the link at the bottom of the page is a referral link. You can read my first interview with PoSWallet.com talking about the group staking wallet here.

BitcoinDood – Thanks so much for taking the time out of your busy schedule for this interview. This is your second time back, and a lot has happened since the last time we spoke. For anyone new to the blog or not familiar with your projects, could you introduce yourself and tell us a little about who you are, and your relationship to POSWallet.com and PoSW coin?

PoSW coin – It has been a minute – I’m glad to be invited back again for another round.  I am the lead dev for PoSWallet.com – we are a group of folks that would rather use crypto than standard cash, but also understand that most everyday-folk have no idea how to compile a wallet etc.  We are connecting crpyptocurrency (specifically PoS altcoins) with the masses.  Furthermore, we try to make sure the website takes all of the user suggestions and implements them into an all-in-one crypto site.

BitcoinDood – So POSWallet seems to be doing great! I put a small portion of my altcoin portfolio in there and I’ve been real happy with the results. It’s so nice checking on all those POS coins and watching them grow every week. POSWallet.com was down for a few days, and I guess you suffered a major DDoS attack from what I read. You then quickly made a bunch of improvements and everything seems to be running great since. Can you talk a little about what happened, and the upgrades you made to the system?

PoSW coin – Glad to hear you are happy with the results!  So we now have over 450k user addresses staking, which is around 10x what we had a few months ago during the last interview.  Growth has been very fast; however, with that have come a few DDoS attacks.  I am not going to get into the specifics, but we made quite a few substantial redundancy improvements to mitigate future DDoS attacks.  We have also greatly improved the website speed/load times and brought nodes online across 3 different continents.

BitcoinDood – Pretty exciting times. The site’s doing great and now you’re working on a new coin project. Could you tell us a little about PoSW coin?

PoSW coin – Of course! The PoSW coin took a lot of energy in terms of figuring out how to make it worthwhile for the users.  We are trying to avoid all the current buzz related to altcoins – the ICO scams, devs disappearing, coins with no intrinsic value, etc.  The PoSW coin has intrinsic value, as it is essentially a share of PoSWallet.com and the profits that it generates.

At the end of every month, we will choose a payout block.  Every address that holds PoSW coins on this block will receive a dividend, directly related to the total profits of PoSWallet.com for that month.  The same amount of PoSW will be burned into a dev burn account to counter the inflation – this will help drive the price of PoSW up and benefit the investors.

We also have big plans for the PoSW coin at PoSWallet.com – it will essentially be the currency of the website.  As we bring more features online (hint hint, an exchange might be coming) users will use PoSW as a currency.

BitcoinDood – According to the ANN the profits from the coin will be used to pay for all the hosting, server, and business costs of POSWallet.com and all extra profits will be returned to PoSW coin holders each month in the form of dividends. I guess by buying into this coin, each coin holder kind of becomes a shareholder in POSWallet.com. Am I right in thinking this, and could you also explain further on how this will work?

PoSW coin – You are exactly right – I jumped the gun a bit in the last response.  Besides using the coin for features that will be coming online soon at PoSWallet.com, the PoSW coin will continue to grow in value as monthly dividends are paid out.  We will take the gross profits from stakes and coin investment, subtract off the cost to run the site and buy a bunch of ramen, then pay out the rest in PoSW to the users!

BitcoinDood – Now along with earning dividends as a coin holder you will also earn 1% staking interest. Could you explain a little more about the staking feature of the coin, and how this will work?

PoSW coin – Initially, we were not going to have any staking rate for the PoSW coin; however, that would have been quite ironic – a coin used at a PoS website that doesn’t use the PoS algorithm.  The staking rate is small (1%), and we like it that way.  We want to control inflation and make sure our investors get the most bang for their buck.

In terms of the actual PoS algorithm – it is similar to the majority of other PoS coins.

BitcoinDood – The PoSW coin wallet will be released around the first of the year for now you can hold your coin on POSWallet.com. Could you tell us a little about the wallet release, and any interesting features the wallet will include?

PoSW coin – So we beat our initial estimates for the source code (yay!) – we are still working on the Windows wallet.  We expect this to be online by the 1st of the year.  We have some cool integration ideas for the wallet in future releases, for now it is just a standard wallet where you can store your PoSW.

BitcoinDood – So back to POSWallet.com. With the funding earned from PoSW coin you’re planning on making some serious improvements and changes to the POSWallet.com platform. I know you may not be able to disclose everything that you’re working on, but I’m sure the readers would love to hear about anything you’re willing to share. What can you tell us about any new features coming to the platform in the future?

PoSW coin – Exchange, exchange, exchange.  This is one of the most frequently asked questions about the site: How do I exchange one coin for another?  Well guess what – we are working hard on this!  There are also a few more features in development (one that I think people will like even more than an exchange) but for now stay tuned!

BitcoinDood – I would consider PoSW coin an ICO offer. I do like the fact that there is actually a working Proof Of Concept with POSWallet.com. You can already see the hard work that’s been put into the project. What else separates PoSW coin from other ICO’s offers out there?

PoSW coin – This is great question – and fundamentally difficult to answer.  At some point, every new coin has an ICO – users have to get coins somehow.  Sometimes they are distributed for free, sometimes purchased, or mined.  The biggest difference between the PoSW launch and most other ICOs is that we did the work before launching the coin – most ICOs ask for money up front then ‘forget’ to deliver.

BitcoinDood – PoSW coin is already available and I imagine the coin will also be available for trading on different exchanges. Have you been in talks with any exchanges yet? If so, can you divulge which ones we may able to trade PoSW coin on and where can people currently buy PoSW coin now?

PoSW coin – We are definitely going to be on exchanges – both Cryptopia and NovaExchange are either listed or in process of listing.  We purchased the YoBit add and have started the Bittrex/Poloniex addcoin process.  We definitely want to get on new exchanges (to help promote them) so if you are the owner of a new exchange, please contact me!

BitcoinDood – The Dood really appreciates you taking the time to answer these questions. Is there anything you would like to add that hasn’t already been covered in this interview? Any new features coming to POSWallet.com or maybe a cool feature of PoSW coin that I may have missed?

PoSW coin – As always, I think you did a great job with the questions.  The team here is working very hard on rolling out new features – besides the exchange, we are going to keep the new stuff under wraps :).

BitcoinDood – So I usually end every interview with the same last question, but seeing this is your second interview with The Dood, let me ask you this. POSWallet.com is growing,the site is running great, and it’s user base continues to grow. If you could look into a crystal ball, what do you think the future of POSWallet.com and PoSW Coin will look like?

PoSW coin – Another tough question – the last question in the 1st interview was easier!  In terms of the future of PoSWallet.com – we are going to continue to thrive.  This was never meant to pay our bills, it is a labor of purpose.  We truly believe that cryptocurrency is the future and we want to be the harbingers of that future.  This ideology was really the driving force behind the PoSW coin – get as many people involved as possible, then pay out the profits to them so they continue to spread the word.

I have always disliked the following phrase, but it seems so applicable in this one instance.  Where will the PoSW coin be in the future? To the moon, of course!  🙂

BitcoinDood – Thank you so much for taking the time out of your busy schedule during your coin launch and answering these questions. The Dood really appreciates your time and all your hard work on both POSWallet.com and PoSW coin. The Dood wishes you and the entire POSWallet team the best of luck on this project and all your future endeavors in 2017. Happy holidays, and happy new year to you and your team!

PoSW coin – Happy holidays to you as well – I am sure we will continue to be in contact!

You can use these links to find out more abouot PoSW coin and PosWallet.com. It should be noted that The Dood holds a small amount of PoSW coin and the below link to PoSWallet.com is a referral link.

https://poswallet.com/sign-up.php?referral=TheDood
https://bitcointalk.org/index.php?topic=1695121.0
https://twitter.com/POSWallet
https://novaexchange.com/market/BTC_POSW/
https://www.cryptopia.co.nz/Exchange/?market=POSW_BTC

The Dood Interviews The Lead Dev Of POSwallet!

POSwallet logo

BitcoinDood: Thanks for taking the time to do this interview. If you don’t mind could you tell the readers who you are and what your relationship is to POSwallet.com?

POSwallet: Thanks for reaching out to me. I am the lead dev of poswallet.com, a group of cryptocurrency die-hards that have been involved in this field since 2013. I’ve got a 15 year background in web programming and a doctorate in database engineering.

BD: POSwallet is an online staking pool. Could you tell the readers a little about the site and what a staking pool is for anyone that may not know?

PW: Sure, great question. About 6 months ago I ran into a problem where I had ~30 different wallets running on my main computer, essentially bogging down the computer enough that it became unusable. I bought another rig to just run the wallets; however, did not have a good system to keep track of my balances and stake frequency. The core of the poswallet.com software package originated as a solution to this problem.

A staking pool is a service where users deposit their coins, the coins are combined, then staked at a higher frequency than if the user staked their coins in a solo environment. This type of service allows for a much more consistent stake rate for the average user.

BD: What are some of the benefits of joining a staking pool over say, installing multiple wallets on your own machine and staking all the coin yourself?

PW: Computer resources, electricity costs, carbon footprint, and constant upgrades/wallet maintenance are all saved/eliminated by joining a group staking pool. Many users do not have the technical prowess to manage a few dozen altcoin wallets – services like poswallet.com bring the complex world of cryptocurrencies to the masses. Frankly, it is easier to set it and forget it (throwback to the 90s) than to constantly manage a few dozen wallets.

BD: At the time of this writing you have over 60 different wallets that you offer for staking. A lot of coins are using POS now. How do you decide which coins/wallets to include in the POS pool? Do you ever take coin/wallet requests for new additions? Is there any type of voting system in place?

PW: The initial ~30 coins were chosen because I owned those coins – since then, I have been adding coins as they are requested by the user base. I do not charge devs to host their coins; however, I do ask that ~0.10 – 0.25 BTC equivalent of said coin are loaded into the faucet/staking wallet. I try not to refuse any coin addition requests, as long as the coin is legitimate and has a compile-able wallet and reputable website/ANN.

BD: Without giving away any secret company info, can you talk about the type of equipment you’re using to run the service? How many machines does it take to keep something like this operating at full capacity? What are the energy requirements compared to say a mining operation?

PW: Keeping 65 blockchains synced up and processed is a surprisingly complex task. At last check, the database system supporting the website is ~20 GB large, in addition to the ~100 GB of raw blockchain data for all of the coin wallets.

In terms of hardware – we have multiple server setups for redundancy and different security measures. The number of servers is somewhere between 6 and 16 :). The overall hardware setup is still much less energy-intensive than a large scale mining setup, as CPUs/SSDs are generally much less power hungry than GPUs.

BD: Many people worry about the security of leaving their coins in a pool or on an exchange. It seems like every couple months or so another exchange is announcing that they’ve been compromised and are missing funds. On your website it mentions a review feature, and that you match balances in a cold wallet. Could you elaborate on that a little more and explain what that means?

PW: This is one area where we wanted poswallet.com to be different than other websites. First – we have coins stored in cold-storage acting as insurance against user deposits. Second – a large percentage of transactions are manually approved after review; there is a complex security system that monitors (and flags as necessary) all transactions across all of the poswallet.com user addresses. Although this does lead to a delay for a small number of transactions – generally ~30min delay for <5% of transactions – it also leads to a much more secure experience overall.

BD: The Dood never really rushes into anything. I recently transferred over a small amount of my portfolio to see how the service works; I’ve slowly been adding more. I have to say, The Dood’s impressed. Even with the little bit of coin I transferred I began seeing immediate returns in stake. The best part is I’m not tying up any of my system resources by running multiple wallets on my own machine. Can anyone join the pool? Is there a minimum balance you need of a particular coin? Can a guy do this with his faucet earnings if he wanted? What type of investments and returns can someone expect with something like this?

PW: Anyone and everyone can join – the real goal of poswallet.com is to bring altcoins to people who are not as tech-savvy as the folks that populate the bitcointalk forum. There are no minimum balance requirements and many users only have the faucet balances in their account (while still earning stakes). In terms of ROI, poswallet.com does not guarantee any return on investment – there is risk in altcoin investments. We are not financial investment advisors and don’t promise to be able to tell the future. That being said, depending on which coins a user chooses to invest in, the ROI can be relatively large. There are multiple PoS coins at poswallet.com that stake > 100% per annum. Remember, a higher interest rate is always coupled with higher risk.

Overall, even with the risk, altcoins present a possibly substantial source of income in a world full of negative interest rates.

BD: What about fees? Are there fees for deposits? Fees for withdrawals? Any minimum time required to store or withdraw coins? Any penalties for early withdrawal or anything like that?

PW: There is a flat deposit fee of 1%, which covers faucet refills and server/operating costs. If the 1% fee generates more coins than required to keep the faucets full and the lights on, the fee will be paid back out to the members. We have a few ideas on how to do this in a fun way.

There are account requirements – no penalties for withdrawals either. One thing to note: once a user sends coins to a poswallet.com address, there is an initial vesting period (different for each coin, but generally 3-4 hours) where the coins can not be immediately withdrawn. This was added to cut down on users depositing, waiting for a fast stake, then immediately withdrawing over and over; we want to keep transaction cost and server load overhead down where possible.

BD: Is there anything you would like to mention that wasn’t talked about earlier or any special site features that I may have missed?

PW: I really appreciate you taking the time to talk with me – great questions overall. If anyone has any more questions, please head over to poswallet.com and chat with me in the support center. Also, we are always looking for more/new/awesome PoS altcoins to add to the site.

We are always adding more features – blockchain explorers for all of the supported coins are currently under development, and the faucet has sent out over 25k claims as of this morning. If you have a good idea for a feature at poswallet.com , please send it our way!

BD: When it comes to money and finance, cryptocurrency has the potential of changing everything. I always end every interview with the same last question. Where do you see cryptocurrency going in the future. Can you share any visions, thoughts, or predictions of where you think this is all heading?

PW: I expect explosive growth in total cryptocurrency market cap over the next 2-3 years – by 2019, the total cryptocurrency market cap will be > $200B USD. We are still very much at the ground floor of this movement; however, until apps start reaching out to every day internet users, growth will be slow. We need to work together as devs to drive adoption by both techies and non-techies alike.

The Dood would like to thank the lead dev of POSwallet.com for taking the time to answer these questions and do this interview.

Check out POSwallet.com to learn more.
https://poswallet.com/

Want to help The Dood and support this site, use this referral code for sign ups:
https://poswallet.com/login.php?referral=TheDood

For the latest news on what’s happening with the POSwallet project you can follow them on twitter: https://twitter.com/POSWallet

Thanks for taking the time to read this article. The Dood hopes you found it as fascinating and informative as I did writing it. Thanks again to POSwallet dev for taking the time answer these questions. The Dood wishes you and the entire POSwallet team the best of luck on your project and all your future endeavors!

Disclaimer: Nothing posted here is meant as financial advice, Seek a duly licensed financial professional for financial advice, not The Dood. The Dood is not affiliated with POSwallet in any way, other than using the service himself. I do plan on doing a website and product review some time in the future. For now, all I’ll say is I’m happy with the service and everything seems legit. Remember you should always hold your own public and private keys, but this is a great way to stake multiple coins at once without tying up all your system resources. I wouldn’t stake my life savings on here, but this is a great way to stake a fraction of your portfolio and start earning some interest on those coins that may just be sitting around on an exchange or in a closed wallet. Not giving out advice here, just saying 🙂

The Dood Interviews Allan Raicher of Coinsyde

Coinsyde screenshot

Screen shot taken from website. coinsy.de

One of the great things about being The Dood, is that I get to meet all kinds of great people in the cryptocurrency space. Recently, I had the pleasure of meeting Allan Raicher of the Coinsyde project. After checking out his website and talking a bit on twitter he agreed to give me a little info about what him and his team are working on. He is limited on what he can talk about before the release, but the website, and our twitter conversation did peak The Dood’s interest. Thank you Allan Raicher for taking the time to answer my questions and sharing your time with me and my readers.

BitcoinDood: First, thanks for taking the time to do this interview. I have to admit, I found this interview a bit difficult to put together. I know you are limited on what you can reveal about the company before launch and I completely understand that. I also found it kind of fun, because there currently is a little mystery about the project and what the project will be trying to accomplish in the not so distant future. So, I guess based on that, could you please tell the readers who you are, and what your relationship is to the coinsy.de project.

Allan Raicher: Hello, Dood! My name is Allan Raicher. I’m a Brazilian tech entrepreneur, currently investing in some projects in Silicon Valley. I’ve been a Bitcoin enthusiast from the beginning and have decided, recently, to become more than an enthusiast. So, I became the founder of Coinsyde. My plan is to remodel the Bitcoin scene by providing something like a “centralization of the decentralization”, so to speak.

BD: I love the clean look and design of your website. Currently there’s not a lot of information there other than the company logo that reads Coinsyde – The Bitcoin Social Network. I’m guessing from the logo, you are planning a social network, without giving away any company secrets could you elaborate more on the project, and what we might expect?

As of late, revenue sharing social sites like Tsu, steemit, and bitlanders have become all the rage. Bitcoin seems to be the perfect fit for that type of a platform. Will the site be incorporating any type of revenue share for it’s users? If so, please tell us all you can 🙂

A.R: Well… money already IS a Social Network, if you think about it. It provides a medium for interaction between individuals. Only thing is… there’s a place for this interaction to take place. It’s called “The Marketplace”. The lack of a unified marketplace, or an identifiable environment for bitcoin users (mainly because of Bitcoin’s intangibility as a currency and as a concept) is detrimental to the slow adoption we’ve seen so far. That’s where we want to act. If you think about it, Bitcoin has a huge Marketing problem.

BD: Your website makes the bold statement, “Together, we’ll make Bitcoin become mainstream! Launching soon!”

I love that statement. So many people are waiting for the perfect app that catapults cryptocurrency into the mainstream. Many people say bitcoin is the app, but I’m of the belief that bitcoin is the protocol. Like SMTP is the mail protocol for the internet, at one time sending an email wasn’t as simple as using a Gmail account. Especially if you go back 20 odd years ago when people used programs like Pine to send email from a command line. It was easy for a nerdy tech type but the average person found it daunting and intimidating to use. I think bitcoin is kind of the same way right now. In the early days of the internet, companies like AOL and COMPUSERVE made the internet easy for the average person to utilize all the features the internet had to offer, and then Facebook and Google came along and made it almost foolproof. I think bitcoin is still waiting for that killer, foolproof app or platform that makes it extremely easy for my 80 year old grandmother to send birthday money to my cousins on the other side of the country. Is this what we’re talking about? Are we talking about the perfect app or platform here? Please tell us as much as you can!

A.R: I agree that even the cleanest wallet designs can’t be understood by a total newbie. But the mass adoption problem is not necessarily a “usability” problem. People can adapt pretty easily to the most complex app structures. Facebook is a perfect example. We had to learn how to use it. My 85 year old grandmother uses it every day 😉

I’ve been obsessed with this idea of a “killer app” since my first interactions with bitcoin. People usually talk about this “killer app” like something abstract. It’s not! I have the same belief: Bitcoin is the protocol. We need to create the marketplace by connecting it’s users. THAT’S the killer app: a useful and popular medium to use Bitcoin, connecting it’s users with a beautiful design.

Some say “bitcoin is like a Swiss bank in your pocket”. IT IS! But the world today is filled with “bankers” that don’t interact with other “bankers”. That’s not powerful at all! Why don’t we connect EVERYONE and provide financial social power to the world? No bank can compete with this.

BD: Your twitter page says that the launch date will be 2016. We’re halfway through the year now, leaving a little under 6 months left. Can you narrow down the time line and give us an idea of when the network will be available to use? (On a side note, if your looking for beta testers feel free to contact The Dood 🙂

A.R: Probably October. I think it’s doable, since we are already refining the app. Thing is: we’ll need a LOT of word of mouth till October! Our business is actually a campaign for Bitcoin! Can you imagine how valuable Bitcoin would get if everybody could simply connect? 😀

BD: Currently, Google + and Facebook are the big boys on the block when it comes to social networking. Will the site be in direct competition with these behemoths? I’d also love to hear about any features the site will offer as far as posting, file sharing, chat, messaging, or any information you can divulge about the platform itself

A.R: We don’t want to navigate this red ocean. Since Facebook and other players already connect people with similar interests, we plan to use their platforms to help us reach our base. We’ll be connected. But we don’t plan to compete with them.

BD: Your website shows both Android and iPhone apps coming soon. Is the platform geared mainly towards mobile users, or will it be web browser accessible too?

A.R: We’ll start with mobile, and we’ll add more environments as time goes, of course.

BD:Here’s the question I’ve been dying to ask. Are we talking bitcoin wallet integration directly into the platform?

A.R: Yes. We’ll start with a great (and safe) wallet (and hopefully, the most beautiful and user friendly) as an app. Once we reach our first milestones (user base), we’ll start to introduce several interaction possibilities between peers or even between groups of individuals (I’m sorry I can’t give you more details just now! Sorry, sorry sorry!).

BD: The site seems geared mainly for bitcoin users are there any plans to integrate other cryptocurrencies into the platform? If so which ones ?

A.R: Definitely! Ethereum and Litecoin are serious candidates.

BD:OK, I ask everyone the same last question. Where do you see cryptocurrency going in the future? Any thoughts, visions, or predictions you might want to share about the future of cryptocurrency in general and where this is all heading?

A.R: To the Moon? haha. Well, as an entrepreneur, I try to think how can I provide the world with solutions to their problems. As an ideologist, I see Bitcoin (and public blockchains) as the BEST alternative to a jurassic financial system. The quality of financial inclusion and prosperity that Blockchain technology can unleash is simply unbeatable. Banks made a lot of sense during the 19th and 20th centuries. They don’t make sense anymore. I believe we can achieve a radical improvement in well-being by shifting the financial powers to the crowd. We use a golden “=” as our icon, to symbolize our moto: “CAPITALISM for ALL”.

Thank you so much Allan Raicher of Coinsyde! I’m really curious to see what you guys unveil in October. I hope you keep The Dood up to date, and give me another interview when the project is released to the public.

You can follow and keep up to date with the Coinsyde team using the below links

Upgrading The ROKOS OKcash Wallet

So that time finally arrived. It was time to update my OKcash wallet for my ROKOS Raspberry Pi. For those that don’t know, ROKOS is a Linux based operating system and if you’re not used to working with Linux it can be a bit daunting. I’m happy to report that my OKcash wallet upgrade Ver 3 to Ver 4.0.0. was smooth and painless. If I can do it, anyone can!

Old OKcash wallet

OKcash Version 3 wallet

The Dood’s a bit paranoid when it comes to updates and upgrades, so for safety reasons I transferred all my coins to a different wallet.  Once I knew all my coins were safe I closed my Ver 3 wallet and did a quick update of ROKOS flavors. From the command line just type :

sudo apt-get update

Once I made sure everything was updated, I then did a quick upgrade. Again, from the command line just type:

sudo apt-get upgrade

When everything was updated and upgraded I did a quick reboot just to make sure everything was working OK and the updates and upgrades were working alright.

Now I downloaded the wallet upgrade zip file on my laptop and put the zip file on a USB drive. You don’t have to do that and you can download right to your PI if you want. I downloaded the files from here.

https://github.com/okcashpro/okcash/releases/latest

You want to download this file Okcash_4.0.0.0_raspberrypi.zip

Once you download the file, go to your downloads folder and extract the zip file. All you do is double click the zip file and ROKOS will open Xarchiver to extract the files. It doesn’t really matter where you extract the files. By default they’ll extract to whatever folder you’re currently in. I extracted the files to

/home/pi/OK-update

Xarchiver extracting the OKcash wallet files.

Double click on the file and Xarchiver will open and extract the files for you.

Once your files are extracted you want to open a terminal window and cd to the folder with the extracted files.  /OK-update is the folder I extracted to, you want to cd to wherever you extracted your files ex: cd /YourFolderNameHere

cd /OK-update

I then followed the instructions found here.  Here’s the commands I used.

sudo chmod 755 okcash

sudo chmod 755 okcashd

sudo cp okcash /usr/local/bin/

sudo cp okcashd /usr/local/bin/

Once I finished, I again rebooted my Pi. Upon reboot I opened the wallet. It took a couple minutes to open this time. Once the wallet opened it only took a couple more minutes for the blockchain to sync and it was ready to receive OKcash.

New OKcash wallet version 4.0.0

OKcash wallet version 4.0.0 Updated and upgraded, and ready to stake.

I sent a test of about 10 OKcash. Once I knew it was working properly I transferred the rest of the balance. Now time to get staking!

Final comments:

For the most part this was quick and painless. I’m really happy with the new wallet so far. I was hoping with the updated version the issue with showing the balances would be fixed, but this is still a small inconvenience. To see your coin balance you still have to go into coin control to see the balance. Outside of that the wallet seems to be working great. Props to Oktoshi and the ROKOS team for another job well done! Can’t wait to get the new Pi3 or PIne64 and try out ROKOS v6 Magic Flavors!