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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

 

The Dood’s Week In Review Ending 12-04-16

Last weeks news.

Last weeks news recap.

The cryptocurrency news week in review. Check out some of these headlines for the weekending 12-04-16.

In fighting and desencion in the ranks of Synereo. This news seems to be reflected in the coin price on exchanges as investors lose confidence in the project and the price plummets.

Synereo Update

https://steemit.com/synereo/@nanzo-scoop/synereo-washing-dirty-linen-in-public

Good news for Linux lovers. Fedora will have it’s own Electrum wallet in their software repositories. I’d like to see this happen more often with more Linux distributions. I was just thinking the other day how there isn’t enough readily available bitcoin and cryptocurrency wallets in the main distribution repositories.

Fedora Receives Its Own Electrum Bitcoin Wallet Client

Here’s something everyone in the cryptocurrency space has known for some time now. Holiday shopping report shows bitcoin is the most secure form of online payment. In the era of identity theft and credit fraud, I don’t understand why more companies don’t accept cryptocurrency. As consumers we need to demand that online businesses begin accepting cryptocurreny.

2016 Holiday Shopping Fraud Report Shows Bitcoin Remains Most Secure

The IRS Coinbase summons remained in the news over the week. For the second week now the Coinbase IRS summons for user data has dominated the news. Everyone continues to speculate on what this means for both exchanges and users a like. Considering the agency, I’m going to guess they’re looking for hardcore tax evaders.

http://www.coindesk.com/irs-summons-will-mean-coinbase-users/

http://www.coindesk.com/bitcoin-judge-approved-irs-coinbase-users/

IRS Sees Bitcoin Transfers as ‘Taxable’ Events [UPDATE]

Judge Ruling May See Coinbase Hand Over Client Data to IRS

Looks like bitcoin may be ringing in the new year on a high note. Bitcoin hits all time high for 2016 and highest value since 2014. Many investors are excited and speculating that 2017 may be the year that bitcoin reaches another all time high!

https://cointelegraph.com/news/bitcoin-price-reaches-new-2016-high-highest-value-since-2014

https://cointelegraph.com/news/altcoin-trading-declines-bitcoin-value-rises

http://www.coindesk.com/bitcoin-price-500-record-six-months/

BitLendingClub shuts down due to regulations. Another example of how over regulation can affect an industry. BitLendingClub shuts its doors over legal concerns.

http://www.coindesk.com/bitcoin-loan-bitlendingclub-shutdown/

BitLending Club Shuts Down Due to ‘Regulatory Pressure’

New evidence points to more corruption and evidence tampering in the Silk Road Ross Ulbricht case. Ross Ulbricht supporters held a FreeRossathon on Sunday to help with legal fees for his appeal.

https://cointelegraph.com/news/third-corrupt-us-government-agent-discovered-in-silk-road-case

Tomorrow is the Free-Ross-A-Thon, Support Ross Ulbricht Creator of The Silk Road

Free Ross-A-Thon Livestream

Steemit hardforks with some new changes and now makes it a little quicker for users to “power down” their account and cash out a little quicker if they need to.

https://cointelegraph.com/news/steemits-new-business-model-shows-how-compensation-by-micro-contributions-works

http://www.financemagnates.com/cryptocurrency/news/steemit-tweaks-rewards-model-to-attract-new-users-and-investors/

As the block size debate rages on, segregated witness seems to be gaining more support from the community.

https://cointelegraph.com/news/most-major-bitcoin-wallets-plan-segwit-support

SegWit Signaling Support Creeps Higher And Surpasses 30%

Cryptocurrency Top 10 For December 1st

The Return Of The Cryptocurrency Top 10

Top Ten of Crypto December 1st

 

Bringing back the cryptocurrency top 10 on a month to month basis. Let’s see where we are from the last top ten post that we did on 8-7-16.  Bitcoin and Ethereum have maintained top position, Steem has fallen to 8th, Ripple has moved up to 3rd, and litecoin moved up to 4th. Interestingly, Ethereum Classic and DASH have maintained their 6th and 7th place positions. NEM has fallen from 8th to 10th, and MAIDSAFE has fallen off the top ten chart just $2,000,000 below in market cap from NEM. NXT has fallen to 36th position.

The Coinmarketcap Top 10 So now that we’re caught up, Bitcoin is still number 1 far ahead of Ethereum.

Ethereum has had many problems since the hard fork after “The DAO” and still seems to be recovering with fork after fork trying to correct the problems of the original fork. With all the problems this coin has had over the last several months, I often wonder how this coin hasn’t began falling into obscurity. I understand it’s cutting edge technology, and a great dev team, but the project has been plagued, by DDoS attack after DDoS attack, followed by hardfork after hardfork. Kudo’s to the Ethereum community for their continued support.

Ripple’s managed to stay in the top three as they continue to release news and stay relevant with big banking.

Litecoin has raised their market cap a bit since the last top ten, and it appears Monero’s has fallen a bit. Monero probably suffering a bit from a darknet market that closed shop and absconded with a bunch of the coin. The price rise was attributed to the dark markets acceptance of the coin, then suffered when they closed shop. Price recovery and upward trend does appear to be resuming however.

Ethereum Classic continues to stay relevant. Their market cap has fallen from close to half since the last top ten a couple months back, and the price has dropped considerably. This should be a coin to watch in 2017! Keep a close eye on this one after the new year.

DASH has maintained it’s market cap, and continues to grow.

In 8th postion we have AUGUR. Don’t really know a lot about this project, The Dood may have to do a little research and find out more about them. Congratulations to the AUGUR team for making it into the crypto top 10!

Steem stays in the top 10 in 9th. The price has fallen considerably since the last top ten, but the community and Steemit platform seem to continue growth. The Steemit social network which utilizes Steem will be performing a hardfork that will be effecting the current payout structure and how Steemit users can cash out. It will be interesting to see how this move affects the Steem market.

NEM stays in the top ten at 10th position. This is another project I know nothing about and need to do a little homework on by January.

For the latest in cryptocurrency market caps check out http://coinmarketcap.com/

 

 

Interview: Bill Cassidy from CryptoChat.io

The Dood:  Thanks for taking the time to answer the questions for this interview. Could you tell the readers who are you, a little about your background in the crypto space and your relationship to cryptochat.io?

Bill Cassidy: I’m Bill Cassidy. Crypto Enthusiast, Podcaster, Volunteer and big time surfing dood. I joined the crypto space in early 2014 after watching bitcoin soar to new price levels. I’d heard about bitcoin before but ignored most of it because I didn’t have the technical skills to understand what was going on. I am Co-Founder of CryptoChat. My specific role inside the project is not really defined right now I just do a whole bunch of stuff.

The Dood: Can you explain a little about cryptochat.io and what it does?

Bill Cassidy: CryptoChat started as a slack group dedicated to one project. About a month ago myself and the two other slack owners decided that we no longer wanted to focus on just one project so we pivoted our idea and created CryptoChat. At the moment we have our slack room and CryptoChat. CryptoChat is built on the http://matrix.org/ framework and currently in private beta testing. Matrix is open sourced and distributed much like CryptoCurrencies which makes this a perfect match. We’ll be opening up public beta testing in late November.

CryptoChat is a hub for all kinds of Crypto projects. We aim to build bridges between the many different chat platforms directly into CryptoChat. Platforms such as, IRC, Slack, Gitter, Telegram to name a few. CryptoChat users will have access to all these rooms simply by registering and logging into our platform. Our slack group is already bridged to the CryptoChat rooms and we’re building bridges with other projects as well. Another cool feature of CryptoChat is that we will be able to offer encryption for direct messages between users (this feature is still being tested so it’s not quite ready).

The Dood: Great idea. I think this was something the community needed. We have slack channels and IRC channels all over the internet. Till now, there really hasn’t been one place for people to find, projects, news, and chat all together in one place. How has this project been received by the cryptocurrency community in general?

Bill Cassidy: There are so many slack groups it’s not even funny. I’ve literally signed up for over 30 slack groups! When we were only focusing on a single project our growth was pretty slow. Since changing our focus we’re already seeing the number of new users increase. Chatter has slowed a bit but that was to be expected during the transition phase. It’s picking up again and soon there will be too much for even one person to read. I think a lot of the crypto community members see value in what we are building. People will use it for different reasons and that’s exactly what we want. One of the best parts about CryptoChat is that we are very inviting and welcoming to new members. Kindness goes a long way and people remember that.

The Dood:  At the time of this writing CryptoChat is hosting 24 + chat rooms dedicated to various altcoins and cryptocurrency projects. Are there any special requirements that need to get met or can anyone get a chatroom for their established altcoin or cryptocurrency project?

Bill Cassidy: The owners of CryptoChat are building some guidelines/framework for choosing which projects will be added or not. We’ll be adding a lot more projects to the closed CryptoChat platform, more-so than the slack platform because we want to draw people into CryptoChat. I think one of the best ways to get a channel on our platforms is by proving to us you can bring in members and create some conversation.

The Dood: Now is this an exclusive club or can anyone join in on the conversation as far as just the average person, with no connection to any crypto project? Can anyone join up to chat, learn, and maybe get some of the latest news on different projects?

Bill Cassidy: This is a very INCLUSIVE club. Anybody can join even your Grandma. There are a lot of people who provide technical assistance for each of the different projects, specialist of every kind. We set up news bots for each channel so you can always stay up to date with the latest.

The Dood: So what’s involved in getting a chatroom going on cryptochat.io? Say I’m Joe Crypto starting some new project and I want a place to meet friends and future associates and talk about the latest happenings with my project. What do I have to do, who do I have to contact, and how hard is this to set up?

Bill Cassidy: I want to note: There is a difference between our slack and CryptoChat. It’s really easy for someone to get a channel on our CryptoChat, it’s a little more difficult to get a channel on slack. The easiest way to get added is by visiting slack to start conversation and create activity related to your project. If you can prove to us that you’lll bring over new members and help CryptoChat grow we would love to have you. There is no real specific guideline for adding projects at the moment. So if you’re interested don’t hesitate to ask. At the minimum you gotta join the slack though so head on over to www.cryptochat.io and click “get invite”.

The Dood:  When we talked on twitter you mentioned something about being able to plug a twitter feed into a chat room on the cryptochat platform? How hard or how easy is that to do and what other features do these chat rooms offer that I may have overlooked?

Bill Cassidy: While I was typing my responses to this interview I went ahead and created you a channel in our slack and on CryptoChat. The channels are bridged so you can chat from either one. I also set up an RSS feed from your twitter account which gets posted to both slack and cryptochat. All this took me about 15 minutes.

One of the best parts about the CryptoChat platform is that the chat history is saved forever. Slack limits users to view only the last 10k messages. I’m also looking into creating a slack<>slack bridge. At the moment we’ve got bridge from our slack to the ShadowCash Slack which was setup by one of the ShadowCash developers.

The Dood: I think I seen in your twitter that this is the brain child of a few different people. Care to talk a little about some of the other devs and what each one brings to the table?

Bill Cassidy: I was the original founder of the slack group I think back in Feb 2016. Within the first month I found my two partners Solarminer and Inthewoods. These two guys helped me form a team around the original slack group. When we decided to pivot we lost some of our team members but brought in 5 additional owners. CryptoAdvocate, Grant, Alexander, SteveCash, and CryptoAtm. Each one of us brings something to the table. We all have our special skills. Everyone’s main priority is to create chatter because at the end of the day this is a chat room. If there’s no chatter what’s the point?

The Dood:  I popped into cryptochat a couple times when I started writing up this interview and I have to say it looks like a really great platform. I chatted with a few friendly community members and I’d say you guys are off to a great start! Is there anything else you want to tell the readers about that I may have missed or over looked? Maybe some cool feature that I didn’t point out in the other questions or some important news?

Bill Cassidy: As I said earlier we’ll be opening up public beta testing soon. I’ll have a form at cryptochat.io where you can sign up for the beta testing in a day or two. We’re really excited about this project so keep an eye out for progress.

The Dood:  It’s a really exciting time to be part of this cryptocurrency experiment. Everyday I feel like we are all making history as cryptocurrency continues to grow. I ask all my interviews the same last question. Could you share any thoughts, predictions or observations of where you think cryptocurrency in general is heading in the future?

Bill Cassidy: I’m not old enough to have been apart of the early 90’s Internet craze. When I read about the 90’s and how the Internet came about I sometimes wish I was born sooner so I could have been a part of it. Now I believe we ‘re living in the same type of era with CryptoCurrency and blockchain technology. These projects are more than just digital currencies. There are so many different projects it’s impossible for one person to keep up. I think in 10-15 years people will be using bitcoin or similar technologies and they wont even realize it. I think it’ll all take off when people can use this technology in an easy way.

The Dood: Thanks for taking the time to answer these questions. The Dood really appreciates it and wishes you and the entire cryptochat team success with this project and all your future endeavors!

Bill Cassidy: Thank you too man. I love what you do for the space and appreciate you taking the time to interview me.

Join CryptoChat : www.cryptochat.io

Follow on twitter: twitter.com/@cryptochat_

Last Weeks News In Review 7-25 to 7-31

Last weeks news.

Last weeks news recap.

A lot happened last week. Although this barely scrapes the surface, these are some of the stories that peaked The Dood’s interest.

Well Ethereum dominated the news for another week. It looks like the Ethereum report around here but it seems all that anyone talked about last week was  Ethereum and Ethereum Classic. A lot of interesting news got buried in the headlines. After the first 5 Ethereum articles I get into some other altcoin news.

Kraken and other major exchanges announced support and interest in ETC helping to fuel its price rise while the price of ETH began to lower.

https://news.bitcoin.com/kraken-ethereum-classic-coinbase-freeze

Vitalik Buterin addresses the “Classic” crowd.

http://www.coindesk.com/ethereum-vitalik-buterin-classic-blockchain/

The hardfork of Ethereum seems to of made users susceptible to a replay attack vulnerability.

http://www.coindesk.com/rise-replay-attacks-ethereum-divide/

51 pool announced a 51% attack against the Ethereum Classic Network. In the Dood’s humble opinion this doesn’t really seem like the type of behavior the cryptocurrency community should be condoning if we ever want to be taken seriously.

http://www.newsbtc.com/2016/07/31/51pool-attack-plans-51-network-attack-ethereum-classic/

Finally we have a Step by Step guide to splitting your ETH and getting your ETC from the original chain.
https://steemit.com/ethereum/@pauls/ethereum-fork-step-by-step-guide-to-safely-splitting-your-eth-etc

In a survey on my twitter feed out of 45 votes 78% supported ETC over ETH.

Had Enough Of The Ethereum News?

In other news 🙂

A Miami Judge dismissed money laundering charges against a Florida based bitcoiner stating that bitcoin wasn’t money. This was followed by mixed reactions from the bitcoin community. Many felt the ruling diminished bitcoin’s intrinsic value as a legitimate currency, while others celebrated that it opens the door for legal and tax loopholes that many bitcoiners worry about.

http://www.coindesk.com/court-reject-bitcoin-money-florida-espinoza-trial/

Breakout gaming appoints a board of directors following its ICO token sale.

http://bitcoinist.net/breakout-gaming-board-directors/

The NXT/Ardor Giveaway has begun and from now till October anyone with a Nxt balance in their wallet or on an exchange will receive an equal amount of Ardor based on their average Nxt holdings over a two month period. A price increase in Nxt seemed to coincide with the announcement.

https://cointelegraph.com/news/nxtardor-platform-to-make-blockchain-cheaper-and-safer

3,500 decryption keys to the Chimera Bitcoin ransomware were released to the public.
http://themerkle.com/3500-decryption-keys-for-chimera-ransomware-have-been-leaked/

The Bitcoin community is beginning to fight back against ransomware.
http://bitcoinist.net/private-public-partnership-ransomware/

Lisk developers announced new tools and services for the platform.
http://themerkle.com/lisk-developers-add-numerous-new-tools-and-services-onto-the-platform/

Zcash pushed back their release date to run additional security audits with the code.
http://themerkle.com/additional-security-audits-push-back-zcash-release-date/

On a final note, the Dood has returned to Steemit after losing his password and will be posting there from time to time. If you’re on Steemit, stop by my feed and introduce yourself or say hi!
https://steemit.com/@the-bitcoin-dood

And there you have it. This really barely scraped the surface of what has been happening in the cryptocurrency communtiy last week. For all the latest news and information on what’s happening in the world of cryptocurrency follow me  twitter and for a more personal look at The Dood follow me on Tsu.