Category Archives: Uncategorized

Interview With Philip Lima From CoExistCoin

Bitcoin Dood: Thank you for taking the time to do this interview. For many of my readers you need no introduction, I believe this is your second or third time being interviewed by The Dood. For the new readers could you please tell everyone who you are and your relationship to CoExistCoin?

Philip Lima: Hey Hey. Thanks for having me back. It’s always great chatting with The Dood. For those that don’t know me, I am Philip Lima, founder of CoExistCoin. Back in October of 2012, there was a destructive hurricane that wreaked havoc where I live on Long Island, N.Y. It took years to rebuild many towns that are by the water even though there were millions upon millions of dollars donated to help people in need to get their lives back together. March of 2014, I was doing work for an old customer at his location. I couldn’t believe 17 months after this storm, the area was still in bad shape. I asked how come nothing was done with all the money people donated. Where did all this money go to if not to help people rebuild homes and local shops? He gave me a look and said “Phil. Those charity organizations are full of crooks. No one really knows where that money is going. Good honest orgs at best give 25% of what’s donated to where and what they intend to” I was shocked and furious. I thought of the donation my wife and I gave with the intention of helping our neighbors.  Now at this time I was already aware of bitcoin and litecoin. And dark coin was just being released (who later changed to DASH). I was researching blockchain technology realizing this was going to change the way the world does digital transactions. That is when I got the vision of creating a cryptocurrency with the intention to help the less fortunate.

BitcoinDood: I’ve always thought CoExistCoin was an interesting, well intentioned project. Can you tell the readers a little about CoExistCoin and what you hope to achieve with this coin?

Philip Lima: When creating CoExistCoin I had multiple things that I wanted to accomplish. One was to create a system in which people can see if charity organizations are abusing donated funds. We know with using cryptocurrency we can follow funds wallet to wallet using a block explorer. The block explorer that we currently use have so many functions, you really can envision an in depth accounting program. Using Blockchain tech those accounting numbers cannot be changed or compromised. It’s there for all to see. Another issue that I still to this day is getting donations. It is very hard for a lot of people to donate money, even if they wanted to. What if we had a payment system much like PayPal, but fueled by blockchain currency and those transfer fees goes to charity.  PayPal charges around 3 bucks to make a transaction. Credit cards charge businesses transaction fees. Imagine a worldwide payment system where the fees are used to help humanity instead of going to greedy corporations and bankers. This is my life goal. To create a charity organization and a financial instrument to help change the world.

BitcoinDood: You guys are currently going through a coinswap and are moving to the Waves Platform. What was your main reason for switching over to the new Waves platform?

Philip Lima: Multiple reasons made this decision easy for me. It is hard and costly to have a cryptocurrency on multiple operating systems. Large scale it is even harder with our old source code.  CoExistCoin was struggling to have this available to all.  Only windows and Linux users had access to COXST. New users were frustrated with updating nodes and waiting anywhere from 6 hours to a full day to completely download the full blockchain. We had an app on google play. It took 2 full charges on my google tablet to download the blockchain and after that it was clunky. The IPhone app was not available and iOS wallets were very costly to run and maintain. Another factor I had to consider was the responsibility I had to investors. Our old source was a POW/POS system. X11 algo has become very easy to mine. Daily mining rewards were being dumped in the markets drowning our value. No one was happy with this and interest was dwindling.  No one is interested in losing money.  I was considering either going to go through the grueling process of trying to get investors and coders to rewrite a better source algorithm or maybe give up on my dream. Shortly thereafter I was approached to consider on moving our blockchain over to the WAVES platform.  This move I realized after much research cured the problems that I was having. WAVES creator and CEO said he wanted a charity foundation on his platform.  “A” as in one. This move was offered with no cost to us.  My prayers were answered. I don’t know if you believe in fate Dood?4But I know I was meant to make this project a reality after this opportunity was offered to us. It’s like the universe wants us to succeed to help humanity.

BitcoinDood: For anyone that may not be familiar with it, could you tell us a little about Waves Platform, what it is and how it works?

Philip Lima: WAVES is a decentralized blockchain platform. It uses a lite client wallet where one does not have to download the blockchain. Most of us know the rigors of that.  The network handles up to 1,000s of transactions per second that can be paid in CoExistCoin, Waves, BTC, USD and EUR. The platform has many other tokens and fully license and compliant gateways with many more to come. WAVES platform also includes a true peer to peer decentralized Exchange.  WAVES plans to have non turing complete Smart contracts by the 4th quarter of 2017.

BitcoinDood: Does this add any new features to CoExistCoin? How does the new platform benefit CoExistCoin users?

Philip Lima: The very first thing is that it is available to use on all iPhone and android apps as well as all other operating systems. The wallet is hassle free and easy to use. CoExistCoin original code was a mixed POW/POS X11 algorithm. The entire blockchain had to be downloaded by the user. A huge issue that we found is that after many POS payments the wallet would slow to a crawl. Each POS payment was sent to a new address within the wallet. Combining any wallets would cause the wallet to seize up because each block could only hold 900KB. Waves alleviates all these problems. Any updates WAVES makes, we also get the update. So when the smart contracts are available on WAVES, it is available to CoExistCoin. One can see how this was a no brainer move for us. With all the future integrations that is in the works, I am very excited for our future. I struggled and worried so much trying to keep up with the tech, that I had no time to get to what the real purpose of CoExistCoin was created for, to help and empower those in desperate need of everyday survival.

BitcoinDood: The coinswap has been going on for awhile now. I guess users can swap directly from their Waves Platform wallet or they could do a manual exchange. What has it been like working with the new platform? If someone asked you if switching over to the platform was worth it, what would you tell them at this stage of the game? Has it been a fairly decent experience?

Philip Lima: The swap began on June 27th. A developer of WAVESGO set up the migration service on their site. If you have COXST in a QT wallet (windows and Linux) you can use the form to automatically exchange old COXST for new COXST that shows up right in your WAVES wallet. I set up a manual exchange page and doing swaps for those that have COXST on exchanges. There are some cases of people having stuck wallets, like iOS wallets or just weird things. They can send the wallet.dat file to me and then I auto swap it for them.

Working with the people at WAVES has been better than expected. They are great people that help with whatever is needed. Their community is big and dedicated in making WAVES and everything associated with it succeed. Using the WAVES platform has been easy and care free. Switching over to the WAVES platform has been worth it. There is small percentage of people that do not like change or they are not computer savvy at all. CoExistCoin brought new people in the crypto world. Their intention was to help people. Not learn how to use a QT wallet. Swapping over has been so easy with almost no issues. Issues that were reported ended up being user error or one simply had to delete cookies and cache in their browser to use the auto migration service.  I’ve had no negative complaints about COXST in the WAVES wallet. The only people that stand to lose anything are the miners dumping COXST onto exchanges.

BitcoinDood: How long do users have to swap their coins to the new platform and where can they get the info to do it? (feel free to post any links you want relating to instructions, wallets)

Philip Lima: The swap ends on 7/14/2017. After that I will send all swapped old COXST to a burn address. I have had confirmation from 2 of 3 exchanges that they will delist the old CoExistCoin, helping kill that blockchain. You can find info for swap at  http://coexistcoin.com/swap  or if you have COXST in a  synced QT wallet you can go directly to http://www.wavesgo.com/CoExistSwap.html

BitcoinDood: Well, exciting times indeed. I just wanted to touch base with you real quick and see how things were going. Do you have anything you want to add about the new coin, or the Waves Platform that hasn’t been covered in the interview?

Philip Lima: Yes. I would like to add that with this migration it is easier now to accept donations and keep track of what the foundation is doing, as is one of our goals. That is to be fully transparent. Anyone can deposit usd, euro or btc right into one’s own wallet, and then send it to the foundations wallet. There anyone can watch these funds through the block explorer.

WAVES platform is dedicated to being compliant and legit in the financial world. This is so very important to us. Last week the WAVES CEO visited and signed a memorandum strategic partnership with Deloitte. Deloitte provides international audit, consulting, financial advisory, risk management, tax and other services to select clients. I believe WAVES will lead the future of cryptocurrency and I am so happy to be a part of it all.

BitcoinDood: What type of rolls do you think these new token platforms will play in the future evolution of cryptocurrency?

Philip Lima: These tokens platforms ultimately will add on and off gateways for centralized fiat to enter a decentralized world where the individual is their own bank and unshackled by anything but the free market. With CoExistCoin if you want to help provide clean drinking water to a tribe in Africa, buy a well and the person installing it is paid a world away in 2-3 minutes. That well can essentially begin being installed tomorrow, without passing through two or three banking systems, various regulatory agencies and bureaucracies all taking their part, for 10% of the money to arrive 6 months later to the people in need.

BitcoinDood: As always, I have to end each interview with the same last question. Where do you see cryptocurrency heading in the future?

Philip Lima: Cryptocurrency is going to be the real democratic vote of the future. Do we all take back the right to decentralize our finances, or do we keep abiding by the rules of multibillion dollar banking and finance corporations that are owned by private central banks?  The future is ours.  Are we autonomous citizens or are we owned by the decisions of generations past?

Thanks so much to Philip Lima for taking the time to answer The Dood’s questions and share his story. If you’re interested in finding out more about CoExistCoin you can check out the links below.

http://coexistcoin.com/
https://coinmarketcap.com/currencies/coexistcoin/
https://bitcointalk.org/index.php?topic=1083647.0
https://twitter.com/CoexistCoin
https://wavesplatform.com/

 

Dealing With A Possible Crypto Bubble.

Thought this guy made some great points about dealing with a potential cryptocurrency bubble. I really don’t know if we’re in a bubble or not right now, it could just be the beginning of mass adoption and growth, but it never hurts to diversify and cover your own assets 😉 LOL. Anyway, some great points made in this video.

Here’s the comment I left on the youtube page:

Great points… It’s all about hedging. As the old saying goes, “Never put all your eggs in one basket”. Diversify, hedge profits, and create a balanced portfolio with crypto, stocks, precious metals, and don’t be afraid to cash out for a little good hard cash. You can always re-enter the market at another time.

Review: Earn Bitcoin Using The File Army Image Hosting Service

I promise this isn’t turning into a video blog. It has been sometime since I’ve done a youtube video and I got bored the other day and decided to put one together. This is a really cool image hosting site I found, that pays you in bitcoin for using the image hosting service.

You can follow The Dood on File Army here: https://file.army/bitcoindood
Steemit: https://steemit.com/@the-bitcoin-dood/
Twitter: https://twitter.com/BitcoinDood
G+ : https://plus.google.com/u/0/+BitcoinDood
And now on Facebook 🙁 https://www.facebook.com/BitcoinDood/

Interview With Lewis Just of The Eco coin Project

ECO coin logo

ECO coin To economically reward environmental action

BitcoinDood: Thanks so much for taking the time to respond to this interview. Could you please tell the readers a little about who you are and your relationship to the ECO coin project?

Lewis Just: My name is Lewis Just and I am the project leader of the ECO coin, which is an initiative of Next Nature. We are a think and design organization based in Amsterdam that stems from a need to explore how technology and nature come together to create our future environment, our Next Nature.

BD:  ECO coin will be a bit different than other cryptocurrencies out there. From what I understand, its main purpose is to help as an incentive based token, to reward individuals for acts of eco freindly actions. The PDF you sent me uses the phrase, “To economically reward environmental action”. Can you expound on this a little more and tell us how a cryptocurrency can be utilized for this purpose?

LJ: Absolutely. When we look at our current economic system is seems that we often reward actions that our terrible for our ecology in order to gain profits, grow business and help a debt-based economy survive. And yet we do very little to truly understand or protect the value of our shared ecology. It seems strange that businesses can make money from cutting down the forest and turning it into a raw material, but citizens are not paid to plant the forest.

Although there are some initiatives (ecosystem services, carbon trading etc.) that try and combat this growing issue they are often top down solutions that rely on bureaucracy and are there to limit the damages done. The ECO coin by contrast is a currency that positively rewards citizens who are actively contributing to a more sustainable world. It is a bottom up approach that we are designing to help catalyze our economy and society to transition to a more ecological one.

We believe that by utilizing blockchain technologies we can make the ECO coin a project that is not owned by one but many. Having the ECO coin as a cryptocurrency also means that the way in which it is created does not need to be the same as the way in which fiat money is created, through the creation of debt. Carrying out sustainably good actions can create it.

BD: You’re planning on partnering with some pretty big names with the likes of Deloitte and Bitonic. Can you talk a little about these organizations and how they will help the advancement of ECO coin?

LJ: Yes, the ECO coin has been an idea of Next Nature for some time now but it is only fairly recently that we have really been transforming the project from a theoretical idea into a practical solution. To do this we feel it’s best to collaborate and find partnerships that fit and we have been fortunate to find these with Deloitte and Bitonic. Both organizations have fantastic people with really hands on knowledge of blockchain technologies and implementation expertise. They will help us to run community experiments to see the strengths and weaknesses of the currency so that we can develop it into the strongest possible form it can be. At Next Nature we really believe that no single party should own the system but that we should all help to bring it to life.

BD: Your white paper states that the coin will be promoted and used at music festivals. This seems like an absolutely brilliant idea and great way to introduce a lot of new people to the use of cryptocurrency. I’ve helped promote rave parties back in the mid 90’s and giving 10,000 plus people instructions on anything can be a bit daunting. What is your vision for this idea and how would it be executed?

LJ: The great thing about music festivals is that they come with amazing communities and the space provides a great context as it has everything you might find in a city (water and energy infrastructure, food and marketplaces, housing etc). The key to making the ECO coin a success at a music festival is to design the system so that festival goers can learn as they go. So the ECO coin will be integrated into RFID wristband tickets meaning everyone already has their ECO coin wallets. Then people can earn and spend throughout the festival when they like. Say you use a digital ticket instead of a paper ticket to enter the festival ground, then you can immediately earn an ECO coin. Attend a lecture or workshop about sustainability and you can earn more ECO coins. Help to keep the festival tidy of plastic cups, earn even more. You can then spend your ECO coins onsite on meat-free food, exclusive digital downloads or if you earn enough ECO coins you can become a V.E.P. Much like a V.I.P but you will reach Very Ecological Person status and gain access to areas of the festival that others can’t. It’s definitely going to be a challenge to execute but we have a great festival onboard (we will be announcing who in the next few weeks so keep following our progress at nextnature.net) so we are optimistic we can make it a success.

BD: One of your plans will be to have approved businesses, festivals, and projects, to earn and use ECO coin. The white paper I read discourages trading to fiat or to other currencies. I’m trying to wrap my head around how this will work. If businesses are accepting ECO coin for goods and services won’t they eventually want to cash out for some other form of fiat or cryptocurrency? I’m imagining some guy renting bicycles at the beach and accepting ECO coin. Once he accrues a good amount of ECO’s he’s going to want to cash those out. How will business owners go about this and will this coin be listed on any of the altcoin exchanges?

LJ: Yes, although we cannot stop people from buying and selling the ECO coin we would always promote that you earn them through environmentally good actions. We want to avoid businesses “cashing out” by making sure that internal trading can happen from the other ECO coin businesses. So if the bicycle repairman has many ECO coins he can spend them on employing an urban miner to go and salvage old bike parts. The miner can then spend the ECO coins on locally grown fruit and vegetables and so forth. This idea is borrowed from the Wir Bank, which has a very successful track record of strengthening business ties whilst lowering the amount of cash liquidity a business needs. This is just one idea but we are also looking at other currencies and ways in which you might be able to invest your ECO coins in new green businesses. We also hope that becoming an ECO coin business will carry some reputational value with it. So like B Corporations, the ECO coin stamp will be a marker of a sustainable business or organization.

BD: From what I’m gathering you currently have a proof of concept and the ECO coin itself is not available yet. When can we expect to see an actual working blockchain and completed project? Please feel free to talk about any road map plans as well.

LJ: That’s correct. We are not yet on a blockchain but are, with our partners, exploring the best way to achieve this. There are many ways we can realize the ECO coin on a blockchain but we also want to use the technology when it’s appropriate. Many projects use blockchain technology too early without establishing a great community to use their coin. So our road map for the ECO coin is first focused on testing the currency within a local community (a music festival). Once we understand how to make it efficient and easy to use then we will look to spread the currency to other communities to create an international network of ECO coin users. This will go hand in hand with implementing the coin on a blockchain so that it will become a global cryptocurrency for anyone, anywhere to use.

BD: On the last page of your white paper it talks about the benefits of using the blockchain for the ECO coin token. The paper explains the benefits of blockchain voting, and making it more decentralized and democratic. Are you planning something like what the DASH community is currently doing with voting for projects and the distribution of budget funds? http://dashvotetracker.com/ How will the democratization and decentralization of the blockchain benefit ECO coin and the ECO community in general?

LJ: Exactly that. We see that blockchain technology can facilitate a far more decentralized governance system. Although the project will start with a core team/leadership we want to democratize the system so that everyone using the ECO coins can have a say in its future. We believe that no single party should own the system, but that all partners and users should be able to improve the system. In that sense making the project open source is really important to us.

BD: I remember reading about a very similar project awhile back, and at first I thought this was that project. I’ve always thought this was a novel use of blockchain technology and I love the concept of an incentive based cryptocurrency that helps to better the environment. While researching for this interview, I came across multiple other coins with the same name and ticker symbol, ‘ECO’. It looks like most of these other projects have been abandoned. How will you separate yourselves from the other ECO’s out there?

LJ: For us it’s less about separating ourselves from other projects (actually we are open to collaborate when it makes sense if we are working towards the same goals) and more about making sure that our ECO coin is something that, to stick with the environmental analogies, can grow organically. This means it has to start with making sure there is a community for this currency and that all parties are benefiting from its use. I don’t see a problem with many initiatives exploring this idea of valuing our ecology in tandem, especially when others also share what they learn from their experiments.

BD:  I really appreciate your time in responding to this interview. Is there anything that you would like to add or talk about that hasn’t been covered already?

LJ: If you want to follow our progress on the ECO coin and support our project we welcome you to become a member of the Next Nature Network at nextnature.net/welcome

BD: I ask all my interviews the same last question. Cryptocurrency will likely play a large roll in future society. How do you see cryptocurrency in general being used in the future?

LJ: Personally, I see any technology as a way to achieve some sort of societal goal. So I believe cryptocurrencies certainly have the potential to play a strong role in the future of our society because it can allow us to develop and redesign our monetary system. I think one major success of the Bitcoin and altcoin movement is that it has helped open up the conversation about how and what we value in our society. Euros, Pounds, Yen and Dollars represent one form of value but I believe its far more interesting to have many currencies representing many value systems in the world. This creates not only a more resilient economy, but also a far more diverse economy that people, objects and even plants may one day be a part of.

The Dood would like to thank Lewis Just of The ECO coin Project for taking the time to answer these questions. I’m really looking forward to watching this coin develop and wish the entire ECO coin team the best of luck on this project and all their future endeavors. This is an interesting use of blockchain technology and I’m really looking forward to following this project in the future. Try these links to learn more about ECO coin and to follow their development.

https://www.nextnature.net/projects/ecocoin/

Coming soon: http://ecocoin.com/

On twitter: https://twitter.com/TheECOcoin