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Interview With OKtoshi Lead Dev Of OKcash

The Dood Interviews OKtoshi Lead Dev Of OKcash!

OKcash logo interview with OKtoshiOne of my favorite devs in the altcoin space has to be OKtoshi, lead dev of ROKOS OS and OKcash. This guy has to be one of the hardest working devs in the altcoin community.  OKcash recently celebrated its two year birthday and OKtoshi was kind enough to take some time out of his busy schedule to answer a few questions for The Dood. Hope you all enjoy reading this interview, as much as I enjoyed putting it together. Special thanks to @OKorator for helping to make this interview possible!

BitcoinDood: Thanks for taking the time to answer these questions. I have to say I was really excited about this interview. In the altcoin community you have to be one of my favorite devs based on the constant work you do, and the different projects you take on like OKcash and ROKOS. For those readers who may be unfamiliar with these projects could you please introduce yourself and tell the readers a little about who you are and what you do?

OKtoshi:I have to say Thanks as well for the kind words and support, and it surely is a pleasure to participate in this interview. I’m Oktoshi and I work in the lead developer roles for Okcash cryptocurrency and ROKOS OK Bitcoin Full node OS for IoT devices like Raspberry Pi, BananaPi Pro and we’re Pine64+ official backers among others; Okcash is a Proof of Stake (POS) cryptocurrency that just celebrated it’s 2nd year birthday and its adoption so far includes OK full nodes in more than 32 countries across the world, adding to the efficacy, resilience, security and speed of the network. ROKOS OK Bitcoin Full node OS on the other part is a full Operating System for IoT devices that includes a plug and play (ready for use) Bitcoin and Okcash Full nodes among other goodies like OpenBazaar on its “Core” version release, more than 14 different cryptocurrencies on its “Flavors” version release and it has more than 5000+ downloads since v1 (latest version while writing this is v7).

The real heroes behind this projects are the users and community itself, I can’t express how thankful I am for all the great experiences, work, feedback and critique that has continuously helped this projects to grow and evolve day by day. I come from a different mix of humanitarian, business, coding, technology, and artistic backgrounds. I started developing and working part time on the cryptocurrency environment on 2012, and joined full time since 2013, since then I have worked and assisted different projects, at the beginnings of 2014 I started to plan the creation of a coin for me and any other user like me, that would really make us love the crypto tech benefits even more, which would have to be a quality work, fast, friendly, efficient, secure, well maintained, and mainly really decentralized and open source in order to help improve where it gets integrated/used, which came alive later on November 24th 2014, since that day I dedicate my work mainly for Okcash core and Bitcoin Full node OS, and thanks to all the Community joining and working in OK, I can humbly say to date, the OK cryptocurrency is one of the most reliable networks anyone can use, and the Bitcoin Full node OS opened a whole new range of trends of integration, experimentation and adoption between the Linux, Internet of Things (IoT) and cryptocurrencies environment, hence empowering all the users of this technologies; it’s been a fun and interesting road.

BitcoinDood: OKcash is celebrating it’s two year anniversary. Both the coin and community have come a long way over the last two years. What can we expect from OKcash as it grows another year older?

OKtoshi: I concur, while Okcash continues to be on its experimental stages, it’s been amazing all the participation it gets as it continues to grow. About what can we expect as Okcash grows; well it is a bit of a difficult question as it covers a whole range of discovered and undiscovered possibilities alike, is like asking ourselves what could we expect from Bitcoin back then in 2010.

What I can say on the other side; is that we can expect more adoption, more projects and markets getting born testing the Okcash technologies, and more features and upgrades based on community feedback and consensus, same as participation, that could get integrated into the code as time goes by.

BitcoinDood: OKcash was a rebrand from a coin called PIMPcash. PIMPcash was a lot of fun, but there was a little controversy surrounding the coin over the name. How did you feel about having to rebrand the original concept? Do you feel the rebranding to OKcash has helped the coin mature and helped it to be taken more seriously by the cryptocurrency community?

OKtoshi: That is correct, and I love that it happened that way, just like Linus Torvalds said, most great things that make it into the daily life usage are born from accidents; well, I see the rename/re branding just as one, as it was fully lead by the community and crypto environment as an answer to adoption and main stream adaptation, with the goal of projecting the coin true goals, after all PIMP was just a smart sarcastic acronym that became a hot subject bringing more awareness about the coin, which really stated Positive Innovation for Multiple Payment solutions; the core idea of the project.

The real concept and vision behind has never changed, which is to provide users a cryptocurrency they deserve (speed, security, efficacy) and can get to love (fun, friendly and easy to use) while at the same time becoming a tool for businesses to become more efficient, transparent and self dependent, improving all the aspects in life that Okcash touches, hence I believe the Okcash re brand by the community has really helped it mature and project it’s vision in a direct and powerful manner, I honestly love it, as it describes and communicates the project and vision so perfectly well.

BitcoinDood: Right from the inception of both PIMPcash and OKcash there was a terrific marketing buzz with memes, and all kinds of people promoting the coin on various social networks. That’s always something I look for when I consider holding an altcoin long term. How many people are currently involved in the OKcash project and what do you attribute your marketing success to?

OKtoshi:  I feel is a mix of different factors like its main stream name (OK is one of the only 2 words that can be understood in any language and requires no character translation, and Cash which thanks to the multiculturalism globalization mixture everyone is aware of its meaning thanks to finances, songs, and art expressions of it). It’s efficiency and easy to use approach, friendliness, support and complementation of Bitcoin and the cryptocurrency environment, but of course I feel it has been mainly thanks to everyone that got involved, I guess we all identify with the OK vision and like a lot how Okcash performs, while at the same time everyone enjoys having fun with it and the cryptocurrency environment, same thing that has keeping it growing over social media networks outside the Bitcoin and Crypto space I guess.

Its marketing success should be attributed to the whole cryptocurrency environment and the Okcash community in my opinion, as every actor that have interacted with it has helped with its reach and evolution, communities from forums like Bitcointalk.org, Bitcoingarden.tk, Cryptocentral, Cryptopia, Cryptos.us, CryptoCoinTalk, AllCryptoTalk, Altcoins Foundation, Raspberry Pi forums, Pine64+ forums, Foro-PTC, ForoBits, the different media sources covering and reporting on Okcash developments and events, independent media sources just like Bitcoin Dood, same way the different OK communities over IRC, Slack, Discord and others, and of course every individual as they are the ones behind the Social success of the Okcash brand all over different social sites like twitter, facebook, reddit, instagram among others.

At the moment there is an “Official” communications server (* Official, as far as we can use the word, as it being decentralized, all the Okcash channels created by any OK participant is an official one as long as is backed by community consensus), this server serves for the purpose of supporting the community and new users, share new updates about Okcash, from core dev updates to new OK businesses integrations, events and any news related to OK. Same way the community can get in touch with any of the OK developers or OK core team members, or they can provide feedback, help testing new features, play games, listen to the radio, it is a kind of a development, community and gaming hub. Anyone can join over http://discord.me/cryptocurrency . And while it started just a short time ago, it already has more than 340 members, all of them are a big part as well of OK success, also thanks to greenbigfrog and Gapjustin developments for it, with tipbots and stake bots among others that rain/giveaway coins to active or new members to try out the new OK tech, also OK “mouth to mouth” advertisement seems to work great as it involves new non crypto users that can find a great starting place to learn more about Okcash, Bitcoin and even more cryptocurrencies in a safe, fun and friendly environment, some people already call it home.

In a more direct and daily manner, at this moment; there are 17 members working within OK core team from more than 10 different countries working in a decentralized organization structure that is formed by people working in different areas for OK, like Development, businesses integrations, community leaders and organizers, Marketing, quality & testing, design, funding among others, 6 of them are developers (including myself) and 2 more developers are joining the team in the next 2 weeks, there will also be a contributors list in the community website in the coming website updates.

As you can see there is a lot of people behind the scenes working for the vision and common goal, everything is thanks to them, the visible and non visible ones alike, I guess we could call them all the real creators of the OK community giving life to the OK project.

BitcoinDood: It seems the OKcash community never rests. There are always new projects released, and new marketing plans. Most recently I noticed a push for stores and businesses to accept OKcash and even a directory in the works that will list all the places you can spend your OKcash. Could you tell us a little about okyourday.com ?

OKtoshi: That would be thanks to all the different members involved and their different time zones and OKorator’s organization of the community, so when some members are ending their day working in OK, others are just starting.

Yes, while Okcash continues to evolve, it has reached and proven a level of efficiency, speed and security that will work great for businesses, as it will bring them the speed, availability and security of the system 24/7, hence increasing their tools for success in their different businesses models, at the same time the community has been requesting more places where they could spend their Okcash, being their preferred payment method; so, another community member known as CGB started the project okyourday.com , with the genius idea behind of providing free advertisement to the businesses integrating Okcash for testing in their businesses models called coinmap, which will help different participants reach a wider and new audience for their products and services, while providing a full directory worldwide map of stores that accept OK, helping economies flourish. Might be a good idea to contact CGB for more details about the subject as he has more knowledge of that project and area.

BitcoinDood: OKcash is a POS (proof of stake) cryptocurrency. From what I understand, there will only be 105,000,000 OKcash ever created. Looking at the coinmarketcap chart it looks like there is currently about 68,363,084 in circulation at the time of this writing. Can you explain a little about POS and how the halving feature works as far as percentage earned based on staking weight and of course creation of coins ?

OKtoshi: Of course, glad to do so.  Okcash is Proof of Stake, which is sometimes difficult to understand it’s meaning for a non tech user.

For the non tech related at all, it is like earning a compound interest on your holdings, with the difference that with the OK wallet, you are your own bank.

To explain it in easy understandable terms for any new user to crypto that already knows that you can mine Bitcoin with special equipment requirement (Proof of Work); well, for Proof of Stake the only requirement to be able to mine, is to have the OK wallet online with some coins in it. Hence instead of buying special equipment to mine (like proof of work) you buy OK coins and send them to your wallet. This kind of mining process is called “Staking”, hence: when your wallet is mining, in POS it is said your wallet is staking, and instead of saying “I just mined X amount of coins” (on POW), on POS you just say “I just staked X amount of coins”.

Other than that, yes Okcash has a limited coin cap like Bitcoin, Bitcoin coin cap is 21 million coins that will ever be created, while on Okcash the coin cap is 5 times it, mainly because it is aimed to be used for micro transactions as well. The rate Okcash is created/mined/staked changes per year, it has 11 halvings, and the last OK coins will be mined/staked around the year 2148.

This system is the first of its kind, and was developed for OK, it is called Long Term Sustainable Staking (LTSS), on the contrary of Proof of work halving (which uses a lot of energy for the special equipments to run the Bitcoin blockchain), LTSS spends no extra energy, as the Okcash blockchain runs thanks to every PC with an OK wallet and some coins, no extra special energy requirements. Now with IoT, Okcash and ROKOS developments thanks to the OK energy research department (DEOK) leaded by Kultus; soon green energy will be able to maintain the OK Blockchain, providing great benefits to the technology and environment synergy and harmony, maintaining efficiency, speed and security while preventing energy waste.

The Staking percentage at this moment is 20%, this are yearly percentages, meaning for example that you would get aprox 0.054% daily on average of the OK coins in your wallet while the 20% is active, this staking percentage changes with time in a process called OK Halving, this event take place on different years, anyone can see the expected years of halving in a more detailed list at: https://bitcointalk.org/index.php?topic=1028368.msg15436603#msg15436603 .

There is also a new resource called http://okcashblockhalf.com where anyone can see real time statistics of the halving and a countdown to the next one, same way they can see the OK coins in circulation among other useful info.

Also for the more tech savvy, there is a resource getting built by Demartini over http://okcashdocs.com which will hold all the different Okcash related info and tech documentation.

BitcoinDood: If I’m not mistaken, you are also the lead dev for ROKOS. For anyone not familiar with the project it’s a Debian based Linux distribution for the Raspberry Pi. You can run a bitcoin full node with it, stake your OKcash, and the latest release “Flavors” has incorporated many additional altcoin wallets. Due to the low power consumption of the Raspberry Pi it really does make it ideal for “stake mining” and running multiple wallets. Could you explain a little about ROKOS and some of its features to any readers that may not be familiar with this project ?

OKtoshi: A pleasure, ROKOS is an OS for Raspberry Pi, zero, 2, 3, BananaPi PRO, PINE64+ and soon more IoT Devices With Okcash, Bitcoin + Cryptocurrencies tech Support.

In easy terms this means it is an operating system that turns your IoT device into a micro computer that can work with your cryptocurrency of choice, Bitcoin, Okcash, or any other cryptocurrency technology, as it is released Open Source, and it provides all the tools embedded on it to compile any of the other cryptocurrencies non included in the ROKOS version release.

All of this and other tools are ready to use out of the box in a minimalistic mix of art of design desktop by Numix project and Okcash, it also includes a ready to use Open Bazaar server for all those users or businesses that would like to start their own store as well, it’s basic idea behind was to break the cost wall of integration in this devices, hence creating a whole new trend of ideas and projects, merging IoT and the Cryptocurrency environment.

One of ROKOS OK Bitcoin Fullnode goals is to provide users with every tool they might need, so users/businesses can have the last word on decisions while using their platform and technologies.

It has been released more than 7 different versions in 2 tiers for more than 5 different IoT devices (pi b+(old version), pi zero, pi 2, pi 3, pine64+, bananapi Pro) and it has been downloaded more than 5000+ times.

So far it’s been released in 2 tiers, “Core” and “Flavors” like you mentioned and in the future there are coming tiers called “Light” and “HiddenName” (sorry, can not disclose that last one for now), but what I can say is that it is a pretty exciting project also, and a lot of different people and projects are involved on its success as well, from Tech News sites like TechCrunch to events like CoinFest UK to the OK and ROKOS tutorials Shbour is making, rmd73 testing, supporters like Chris Ellis and feedback from cryptocurrency network, same as community users and forums from the Bitcoin, Okcash and different cryptocurrency environments, all of them are part of the fuel and motivation behind its work and success. I can not wait to see how it continues to evolve, the vision behind it that unites us all is to Empower Everyone and Decentralize Everything (EEDE).

BitcoinDood: ROKOS is currently The Dood’s go to OS for the Rapsberry Pi. I’m currently running a twitter bot on it using Twython, and of course staking my OKcash daily. My laptop currently runs on an openSuse distro. Configuring wallets can be a bit of pain on a linux system. Has there been any consideration on porting ROKOS over to a full blown Linux distribution for use on laptops and desktops? I could really see linux users involved with cryptocurrency embracing a distribution like that.

OKtoshi: That is very nice to hear, I am very glad you are enjoying your system. At this moment we’ve been releasing automated scripts for linux system to do the job for you, but I can see ROKOS coming to full Linux distribution for laptops and desktops, in fact, I do like the idea a lot, consider it added to the ROKOS task list thanks to your final suggestion/request (as it has been suggested by other users within the community over the discord channels) so it means the community wants it, so we will get to work on it and get it released.

BitcoinDood: Seeing we’re talking Linux. Have you been following the Hyperledger project at all? Care to share any thoughts on Hyperledger? Do you think we will begin to see more linux based blockchain projects as a result of the Hyperledger project? Any thoughts on incorporating Hyperledged technology into ROKOS?

OKtoshi: It is awesome to see the Linux Foundation getting involved with Blockchain projects, I don’t know if you can tell but Linux is my favorite system, so I took this news great, and it also helps legitimize and establishes even more the crypto environment and movement.

I think it is still too early to see the total reach and collaboration it will create, but I can definitely see some of its developments integrated into ROKOS in the future.

BitcoinDood: Thanks so much for taking the time to answer these questions and sharing the OKcash story with my readers and I. Is there anything that hasn’t been covered that you’d like to talk about? Any new innovations or soon to be released features you would like to share with us today?

OKtoshi: Thanks to You and the Bitcoin Dood readers as well for your support in this first 2 years for Okcash and the community, to get the latest updates and developments on Okcash or ROKOS; I recommend you to join the communications server over http://discord.me/cryptocurrency and the OkcashTalk Forums, I’m just a small part of the whole picture, community and team are always working in new things coming out.

BitcoinDood: With your 2 year anniversary and all the other hard work you do, I really appreciate you taking the time out of your busy schedule to take this interview. I end every interview with the same last question. Could you share any thoughts, theories, or predictions that you might  have for the future of cryptocurrency in general?

OKtoshi: As Bitcoin, Okcash, Crypto and IoT grows, the possibilities become unlimited. Crypto on fridge and kitchen items, on glasses, even on cloth, the age of Crypto wearables is coming soon, Crypto + self sustainability is another new area to get to born among others, bio hacking + crypto as well, crypto energy trading markets, and then when Crypto is really established some public ethical debates (that could turn political) between public vs anon chains.

BitcoinDood: Thanks again for all you do! You have to be one of my favorite devs in the altcoin space. I love all the work you do on both ROKOS and OKcash. The Dood wishes you and the entire OKcash community continued success with both OKcash, ROKOS and of course, all your future endeavors. Thanks again for your time, and all you do for the OKcash community 🙂

OKtoshi: Sounds like we’re on the good track, Thanks a lot for your support, kind words and invite, it has been a pleasure.

OKcash Links

http://okcash.co/

http://okcashtalk.org/

http://okcashblockhalf.com

https://twitter.com/OKCashCrypto

https://coinmarketcap.com/currencies/okcash/

https://www.reddit.com/r/OKcash/

https://github.com/okcashpro/okcash

https://www.facebook.com/OKCashCrypto/

http://okyourday.com/

ROKOS Links

http://okcashtalk.org/index.php/board,38.0.html

https://bitcointalk.org/index.php?topic=1084908.0

http://rokos.space/

The Dood Interviews EBK1000 of MOJOcoin

MOJOcoin logo

BD: First off, The Dood would like to thank you for taking some time out of your busy schedule to answer the questions in this interview. Judging from the bitcointalk ann you guys seem really busy and active now. The Dood really appreciates your time. So without further adieu could you please tell the readers who you are and your relationship to MOJOcoin?

EBK1000: I am just a guy based in London, UK and I have been involved in the “crypto” scene since some time in 2012 when I discovered Bitcoin for the first time. Since then, I have taken an interest in Bitcoin and obviously the multitude of altcoins that sprouted in the wake of Bitcoin. I am using the ‘tag’ EBK1000 and I am not ready to disclose my identity quite yet as this might have all sorts of consequences. Threats have been made. You could call me the MOJOcoin project manager, meaning that I am in control of steering the project and making decisions. I am also the one controlling the Bitcointalk thread, responsible for the website, Twitter, control the code on GitHub and so on. I discuss issues with the other people I work with and I make the final decision.

MOJOcoin originally started out as a coin running on top of the Nxt network for free distribution in 2015. After realizing that I could not get where I wanted with this type of coin I decided to transition to a “normal” blockchain based cryptocurrency. This decision was made to get more freedom to expand and take the project where I wanted it to go and not be dependent on anyone else or the Nxt network.

BD: MOJOcoin was originally an ICO offer. Could you tell the readers a little about MOJOcoin, what you’re looking to accomplish with the project and how it differs from other altcoins out there now.

EBK1000: Following on from the previous answer; I decided that a free, fair and wide distribution of a coin was near impossible to achieve due to all sorts of fraud where people would get coins more than once. That was the reason why I choose to offer MOJO V1 as an ICO with no set final price.

MOJO V1 was delivered post-ICO as a pretty standard NovaCoin proof-of-stake clone with the intention of using the ICO funds to develop the project further. As discussions on further development progressed it was apparent that privacy was a major concern to us and should be to others when it came to real world transactions and other future functions that could be served by a blockchain. The idea was to establish a blockchain and a currency and then develop auxiliary ‘functions’ or apps that could interact with the blockchain and the masternode network and use the currency.

To further this we had to totally rethink the code base for MOJO V1 and realised that the old code base would not support what we wanted to achieve. We therefore decided to do a major overhaul of the code base and incorporate a masternode system, stealth addresses and a version of ‘coin-join’ to mix coins through the masternode network. We are also working towards running the whole network within Tor. We are aware of certain shortcomings and issues with Tor and the reason Tor has been deactivated in v.2.1 is to address this and make sure that it will protect you the way it was intended when we activate a pure Tor network.

We are also working on alternative ideas for privacy and one thing we want to achieve is for MOJO transactions to be totally untraceable and private, just like a cash transaction would be. Your money is your business. I am fully aware of such ambitions with other coins like DASH, Monero and Shadowcash and others but at this point in time there is no system that is as anonymous as it could be.

We will therefore work towards this for MOJO; to be able to achieve truly anonymous transactions. Obviously this also depends on how the system is used. We are not there yet but we will get there.

I am keen on real world usage for MOJO and will aim to achieve integration with various trade architectures and service providers.

Further on down the line, we aim to start thinking about an API / or a version of a query language (call it Blockchain Query Language) that will allow third party applications to interact with the masternode network.

BD: The Dood’s been involved with more than a few ICO’s and as far as ICO’s go, the MOJOcoin ICO seemed to of gotten off to a smooth start. Everyone got their coins in a fairly quick manner and the coin had a nice rise in price,  then I believe there was either a wallet or staking problem? Could you elaborate a little on what happened?

EBK1000 : Post-ICO I hired a contractor to oversee and build the new code base using the latest technology. Unfortunately, the contractor built a very ‘buggy’ code and made serious omissions and delivered a code that had inherent issues and then took his distance from the project. I was left with an unfinished code base. There were serious problems with the PoS system and the spork system and the Tor integration was left unfinished by our initial contractor.

As a result we ended up having to discover and mend PoS issues. We are currently working with a couple of very talented programmers and I am in no doubt that our code will be running smoothly in the very near future.

BD: From what I remember, you guys did a coinswap due to compatibility issues with the wallet and blockchain. Livecoin.net did the swap and it looked like the coin was moving forward again. Then suddenly their was silence and many investors began to worry again. Many even feared the worst and thought maybe the dev team had just walked away from the project. Then it was rumored that the main dev was hospitalized. I’m sure a lot of readers would love to hear what happened. Could you elaborate a little without getting overly personal and tell the readers a little about what happened and how it affected the project?

EBK1000: As we prepared the MOJO V2 code it was not possible to make the new code base backwards compatible so a coin swap was decided and the start of a new block chain.

Just at a critical moment I had an accident and was hospitalized for around 3 weeks and the project was left without anyone to make decisions and to drive it forward. Understandably people were concerned, but then I received threats from the community.

The accident came at a very bad time and just when MOJO needed me the most and we probably lost a lot of support and trust. I am seeking to build that trust again by showing that we are constantly working to get the project up and running properly.

I did what I could from the hospital to get the V2 chain going and the swap was successful in the end. We have swapped more than 95% of the coins and the V2 chain now running.

BD: I guess it’s safe to say the coin got off to a rocky start.The Dood bought ICO and then a little more after the price went down before the coinswap. No disrespect but after the coinswap I had lost all hope in this project. I just tallied it up in the loss column and moved on. Fortunately I held onto the coins and on July 15th, I discovered a tweet proclaiming the return of MOJOcoin, and went to the ann page to discover new life and optimism for the coin. From what I read there are still a few issues getting worked out with code or masternodes, and a couple other small issues. Could you tell the readers about your current road map, and when and how you expect to get things running fairly smoothly again?

EBK1000: As I said above, I may have been a bit naive in trusting the contractor hired to provide the new code base. This is the first time I have hired anyone to work on the project and I was left with an ‘unfinished’ code base.

The masternode system is running and we are running 3 masternodes now. Unfortunately the PoS system suffered from a fault that you may term a “PoS loop error”. We have identified the problem and we are running some debug wallets right now. We expect to get an update out in a few days so that the PoS is working and the the masternodes will get their right pay.

We also need to work on the spork system and there will be a further update around this.

We are also working around a Tor only network and we are working to integrate Tor in the wallets. So, I guess that you can expect 2-3 major updates this year. The first update is due soon to fix the PoS system which of course is of major concern to stakers and masternode operators.

Once we have the masternode / PoS / spork systems working and we have the network running inside Tor the plan is to take it to Open Bazaar as an anonymous alternative to Bitcoin for trade on their platform.

Past the technical issues, I see promotion and real world usage. MOJO is not just theory but will be of use to make trade possible.

BD: So MOJOcoin is a POS (Proof of Stake) coin. The Dood loves POS! Could you tell us a little about the POS and Masternode features of MOJOcoin, and how coin holders can increase their coins by hodling their MOJOcoin?

EBK1000: The masternode system receives 50% of all the PoS blocks and the reward is cycled through the masternodes that are running. The PoS starts at 15% annually and is reduced in cycles of 6 months. The total amount of coins is around 105 mill. now and the projected amount of coins is 140 mill. in a few years. There is an incentive to get into the masternodes early. I am aware that the masternodes don’t get the full payment now but with the release of the new wallet this will be fixed.

There is an incentive to hold MOJO as you will get 15% on your stake for the first 6 months with the release of the new wallet.

BD: The cryptocurrency community loves their privacy and annonymity. MOJOcoin boasts a lot of privacy features. Could you comment on the privacy features of MOJOcoin and how they differ from other coins available now.

EBK1000: Well, that is a somewhat difficult question. I am fully aware of other privacy centric projects with DASH being the most high profile. There is no need to hide that the masternode system and the ‘coin-join’ implementation ‘darksend’ exists in MOJO and also stealth addresses. This is the main reason for running a masternode network. However, we are also looking to run the entire network inside Tor and deal with the identified attacks that may be mounted by some actor in the network whilst running under Tor.

We are further looking to implement a version of ‘confidential transactions’ and seek to hide the transaction amounts from non involved parties. So, we are looking for a multilayered system where; your IP will be private, the amount sent will be private and you choose who you share your transactions with. In this way we are aiming for a truly anonymous network where transactions are as private as cash.

It is important to highlight however, that we do not endorse the use of MOJO in any illegal activities. We just believe that peer-to-peer transactions should be private, like a cash transaction. Bitcoin is far from private and we seek to offer an alternative.

BD: While researching this coin, one of the really interesting features I discovered was the concept of having blockchain linked mobile apps. This would be the utilization of the MOJOcoin blockchain for a wide range of mobile apps. Could you explain on this further and maybe share a couple potential uses for this type of innovation?

EBK1000: This is where the masternodes come to play. We can envision as I said above an API or a query type language aimed at using the masternodes in various ways. A third-party or us could create applications that would use the trustless and decentralized network with the MOJO blockchain and payment system. This would allow for applications to be running on top of or via the masternode network or even side-chains. This could be anything from ID applications to ‘trustless’ contracts. You don’t need Ethereum or any other so called blockchain 2.0 to create this.

We have some ideas we do not want to share but say it could be payment apps for mobiles or apps providing ownership registration and ID type apps.

BD: The Dood’s a huge fan of ROKOS for the Raspberry PI. One of the reasons I bought more coin before the coinswap was to stake them in ROKOS. Care to comment on your experience of being a featured coin in ROKOS?

EBK1000: I was happy to support ROKOS and I like the idea of running a Pi with MOJO. We have yet to integrate MOJO V2 with ROKOS but we are hoping to publish how to run a masternode on a Pi etc. once we have the fixes in place.

BD: Is there anything you would like to add or tell the readers about MOJOcoin that hasn’t been covered in the previous questions?

EBK1000: We are a small ‘outfit’ in the crypto world but determined to progress and use previous experience to make MOJO a real world anonymous payment alternative. I live in a free country and I have no concerns about providing a totally anonymous payment system to the world. I know we are facing strong competition but we hope that innovation will start to show once we are past the ‘teething problems’ and have a good and stable network.

BD: I can’t thank you enough for taking the time out of your busy schedule to answer these questions. As always I must end this interview with the same last question I ask every interview. 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 leading us?

EBK1000: Cryptocurrency has now infiltrated the global community and it is here to stay in some form or another. Bitcoin is not going away despite the recent theft of 120k Bitcoins from Bitfinex. I believe that some cryptos with a persistent team and community will succeed and will find their use somewhere. The main issue as I see it is the mainstream perception of crypto and the lack of privacy and the government paranoia. The ‘powers that be’ will seek to regulate and the banks will lobby legislation to control and monitor and Bitcoin and certain other main players will be forced to comply or submit to certain rules and regulations to become a totally ‘legit’ and accepted form of payment. There is also a growing business in tracing Bitcoin transactions and work with governments. See, https://www.elliptic.co/ for instance. Bitcoin is becoming mainstream and with that Bitcoin is becoming increasingly regulated and is under pressure to comply and submit. This is why it is important to have a thriving altcoin scene to come up with alternatives, like MOJO working towards anonymous transactions with no concerns or pressure from the outside. Open Bazaar is an interesting idea that we would like to contribute to and I can see that both trade and crypto exchanges will work towards decentralization but this will meet with fierce opposition from right wing and oppressive governments and face other network issues.

I also believe that so called blockchain 2.0 systems like Ethereum and Expanse are premature and over-hyped. The potential of the blockchain has not not been explored in full yet and with a masternode system and side-chains it may well be possible to achieve the same or more compared to the so called blockchain 2.0 systems.

I believe there are two main issues for any crypto in the future; one is the idea of holding the whole blockchain and having to download the blockchain on first use which may take hours or days. The other is obviously transaction volume and transaction speed. The blockchain sizes are a significant issue and this alone will prevent mainstream adoption of crypto. We have to solve this and think of smart ways to eliminate the need to keep a full copy of the blockchain.

I see a future a few years from now with Bitcoin still being there and a few others but many will fall by the wayside.

Crypto is leading us into a world where financial communication is handed back to the people and away from major and bloated institutions that centralize peer-to-peer payment. I also believe that crypto will fight to ensure privacy in a world of increasing surveillance and government intrusion in our affairs. Cryptocurrency is in it’s infancy yet and there is a lot more to come.

Checkout the following links for more information on MOJOcoin.

MOJOcoin.org

Twitter

 BitcoinTalk Announcements

Coin Market Cap

Disclaimer: In the spirit of full disclosure, as mentioned in the article earlier,  The Dood holds a small stake of MOJOcoin and has been invested since the ICO. Nothing in the blog is meant as investment advice. Seek a duly licensed investment professional for investment advice, not some guy on the internet who calls himself The Dood! With that said, thanks for reading and happy trading !

Interview With Kobocoin Dev

The Kobocoin dev was kind enough to take some time out of his busy schedule to give “The Dood” an interview. I sincerely thank him for giving me this opportunity to share his story, and also for taking the time to answer my questions. I also should disclose that “The Dood” does hold a small amount of Kobocoin. With that said, please enjoy this interview with the Kobocoin dev.

Kobocoin

First off thanks for taking the time to answer the questions for this interview. I really appreciate it. I recently moved servers, and lost 3 months of old blog posts, and this will be the first interview on the new blog. Thanks for giving me the time and opportunity to help get the word out about Kobocoin.

Thank you as well for the interview. It’s really appreciated. Exposure is definitely required in such a fast-moving industry. Kobocoin is going through a period of rapid development and it’s great to be able to take that news to the wider public. Kobocoin was recently listed as one of the African FinTech 100. These are among the most innovative and disruptive startups in Africa. We’re also one of the nominees for the African FinTech Awards. http://www.fintechafrica.co.za/fintech-100.html. It’s good to get that news out there, so thanks!

And sorry about the data loss. I recently went through the same thing when I lost a server, but thanks to GitHub I was able to recover everything quickly. Ironically, the data loss and rebuild has made the KOBO mobile wallets more stable and reliable. It was a good test of a backup/restore strategy. I only lost 1 night’s sleep and 2 pints of sweat, so not too bad.

So if you don’t mind, could you please tell the readers a little about yourself and your relationship to KoboCoin?

I’m the dev for Kobocoin. I’m not really an über-coder like most devs. I’m a community member with a vision of mainstream cryptocurrency adoption and I do have a day job. Crypto is an industry where I’m constantly learning new stuff. I’ve been involved with cryptocurrencies since mid-2013 when I started investigating bitcoin. I became a Litecoin miner for some time, then decided to look into other altcoins and discovered a lot of innovations taking place outside the bitcoin ecosystem. I used to make a lot of noise on forums about cryptocurrencies not being user-friendly enough, and being unfairly hoarded by the few. I also used to bang on about tech developments being nice for the crypto community but not something the wider public understood, or even desired. Kobocoin is some ideas I have about the industry in one cryptocurrency but released in the hope of adoption by the wider public.

I read that there was no ICO/IPO/or premine. How many people are currently involved with the project and is it entirely community supported?

At the moment it’s a one man project supported by a very loyal community. We also get a lot of support and encouragement from other projects, which is always appreciated as well.

Doing a little research on your coin, I see it’s geared towards the people of the continent of Africa. How did you come up with the idea for the coin, and was it born out of a necessity that you saw needed to be filled?

I’d had the idea for an African cryptocurrency for some time after I’d seen how cryptocurrencies work and discovered their mobile capabilities utilising QR codes. Africa is by far the largest mobile FinTech market on the planet. It’s so far ahead of the rest of the world that its mobile FinTech is being exported globally. I believe that the current offerings have barriers to entry that Kobocoin doesn’t have. They also charge a lot more than you’d probably expect. It’s said that 80% of Africa doesn’t have a financial history of any kind. I grew up in Nigeria. I never had a bank account. I never even considered opening one. Kobocoin would definitely have suited me. Participation doesn’t require a financial history of any kind. All that’s required is a wallet and some KOBO. No registration necessary, no subscription required, no questions asked. Mobile, web, or desktop. That’s it. Smartphone growth in Africa is booming. Kobocoin is ready to bring the next level of mobile FinTech home to make a difference.

Now Africa is the second largest and I believe the second most populated continent on the planet. It covers over 54 individual countries and also the Western Sahara. Is the coin geared towards any particular group or groups of African people or for the entire continent in general?

Kobocoin is a global cryptocurrency with an African heritage. It has a West African outlook in terms of the original concept, the naming of the 4 denominations, and the maximum number of coins that will ever be produced. I wanted to make sure that we Africans have our own cryptocurrency ready to adopt when the time comes. The names used for the KOBO denominations were carefully selected. They have been used in Africa, and the world over, for centuries of trading. Kobocoin as a currency can be easily adopted, globally, without getting lost in translation. In fact the most mobile wallets have been downloaded from Saudi Arabia and China. There’s also a lot of interest from the Philippines.

Do you see the coin as direct competition with services like Vodafone’s M-Pesa and BitPesa for remittances ? Also could you tell the readers how Kobocoin differs from these services?

Yes, and no. I’ve dabbled with Kobocoin being used for remittance but, at its heart, KOBO is meant to be used as a peer-to-peer currency. It is built and intended for person-to-person, face-to-face transactions. The idea of remittance to Africa is a great one. It’s an $80bn+ market, and perfect for the low costs of cryptocurrency transmission. In that respect we are more aligned with BitPesa than M-Pesa. But we’re hoping for a more direct means of remittance transport. I’d like to see individuals using the KOBO wallets themselves rather than relying on any third party services acting as an intermediary. In reality, there are so many conditions necessary to achieving a presence in the African remittance space. The main one for any cryptocurrency is trading volume. Without it, remittance is a dream.

I’ve read that parts of Africa are a little slow to adopt new technologies and also cryptocurrency in general. Is this trend changing and do you see Kobocoin as an easy solution to introduce more of the people of Africa to cryptocurrency?

I can’t say I see that changing more quickly than it is already. It’s easier for people in the West to try out new tech with the disposable incomes they have. One thing I know about back home is that money is not to be played with. I don’t see that attitude changing very quickly, but in saying that you also have to remember that Africa is the world’s largest adopter of mobile FinTech, by a very wide margin. So you have to question who is actually being slow in adopting new technologies? Kobocoin, with its human friendly naming conventions, will definitely make it easier for people to relate to the concepts of cryptocurrency, their subdivisions, and lack of a middleman in transacting. It’s a very easy entry point into a highly complex industry.

I would love to see a day when we no longer have to cash out cryptocurrency, and can pay and get paid in cryptocurrency without the use of government backed fiat. Do you see this happening sooner in parts of Africa where many people don’t have bank accounts, and how do we get to the point where none of us depend on government backed fiat currency anymore? Do you think that’s even possible?

Yes I do. Barter is very important back home. If something has value, then people are happy to exchange it for what they need. In this respect I think Africa could lead the way with cryptocurrency adoption in the near future. I personally feel that fiat money is not as important to people as what it does for them. If you can replace fiat with another form of ‘trusted’ value transfer then people will be more than happy to adopt it. Remember that M-Pesa itself was borne out of people spontaneously using airtime as a proxy for money transfer. Kenyans were transferring airtime to their relatives or friends who were then using it or reselling it. This shows that people are happy to use whatever is of value for their own purposes or goods and services. I believe that once people accept the intrinsic value of cryptocurrencies you’ll see a rapid rate of adoption and usage. Statistics say 80% of Africa is unbanked. Kobocoin, and cryptocurrencies in general, offer a direct route to mobile FinTech without the hurdles.

There are so many altcoins now and I think that is a good thing for the most part.
Competition creates innovation. Do you care to talk about any of the differences that separate Kobocoin from other altcoins on the market? Any special wallet innovation that you care to tell the readers about and why they might want to use Kobocoin or its wallet over other products currently available?

Kobocoin is optimised for mobile phone usage. It’s one of the faster cryptocurrencies available and is actually 4 currency denominations in one. The main unit is KOBO, followed by MANILLA (mKOBO), COWRIE (uKOBO), and finally MANSA (satoshi). These human friendly subdivisions allow for KOBO to be easily used as a microtransaction tool. It’s one of the few cryptocurrencies with Android and Blackberry wallets currently available and in daily use already. It has the global infrastructure to ensure 24×7 reliability. I’m also in the process of building the Javascript client libraries to allow a new breed of web and mobile wallets to be developed. We already have an address-to-address private messaging sidechain and I’m looking into how new sidechains can be used to further extend the capabilities of the blockchain. And don’t let me forget that KOBO can also be used for twitter tipping (which is how we first met!). I’m hoping that KOBO tips can one day be exchanged for phone credit or any other necessities over the internet.

One of the things I discovered while researching the coin is that there was no ICO or premine and there will only be 350,000,000 max coins created. If I read correct the coin is now past the POW stage and is strictly POS. Last I checked the coin was fluctuating between 200 and 500 satoshi, any comment on where you see future valuation of this coin? Do you think it’s currently undervalued?

Do you really expect any dev to say their currency isn’t undervalued?? Yes, PoW ended 1 month after launch. It was quite an exciting time; we achieved some massive unexpected hash rates that month. It’s now pure PoS with 10% reward per annum to encourage long term stakeholding. I personally feel that the important thing for any cryptocurrency is not the unit price but the trading volume. Without a large enough trading volume the currency doesn’t have any stability. Without stability it won’t be seen as a reliable and trustworthy store of value and, as a consequence, will struggle to gain adoption. As a wish upon a star, I’d like to see the KOBO daily exchange volume hit a minimum of $1m for a 6 month period. That would definitely mean stability!

Final thoughts? Anything you would like to tell the readers about the coin or wallet that hasn’t been answered in the previous questions ?

There are many developments on the horizon for Kobocoin. The new Javascript libraries being released very soon are only another step in building a cryptocurrency ecosystem that’s custom built for the needs of African continent. There is a Kobocoin platform in development that will allow easy access to the blockchain and also allow interested parties to build services on it.

I see Kobocoin is currently available from yobit.net and coinexchange.io. Are there any other places we can purchase Kobocoins or any exchanges you are currently in the process of negotiating with that you are able to talk about?

I’m in the process of talking to a few other exchanges and the sounds are positive so far. I really want to roll out more services on the blockchain and continue with spreading the Kobocoin message. With the current marketing and twitter push I’m hoping to expand the community. When we do hit the larger exchanges we’ll have the volume to keep everybody happy.

OK, one last question! I ask all my interviews 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?

I see banks and cryptocurrencies existing side by side just as online shopping exists side by side with bricks and mortar. I don’t see the death of either. I see Africa lead the way in mobile cryptocurrency adoption with an explosion out-of-nowhere that no-one is expecting, or ready for. And, in general, I think BRICS will lead the way in crypto adoption.

Bloggers note: For anyone that doesn’t know, BRICS is an acronym that references the emerging national economies of Brazil, Russia, India, China and South Africa

Well that’s it… I really appreciate you taking the time to answer my questions and share the Kobocoin story with my readers. I’ve been playing around with the coin for about a week and absolutely love it. The Dood’s a big fan of POS, and I think that’s a great feature for any coin, especially for people who hold any amount of cryptocurrency and not just cash out as soon as they recieve it. I’ll certainly be using the coin more in the future. Best of luck to the Kobocoin team, and with all your future endeavors!

Thank you. And welcome to the KOBO community!

Thanks!

Again, I’d really like to take a second and thank the Kobocoin dev for taking the time to answer my questions. The Dood really enjoyed this interview and hope you , the reader, also found this informative and useful. Again, in the spirit of disclosure, I do have a small amount of Kobocoin, and plan on purchasing more in the future. This is not meant as investment advice. To find out more about this interesting coin, and do your own due diligence, check out the following links.

The Bitcointalk Announcement Page.

http://kobocoin.com/

Coin Market Cap

Git Hub

Twitter

Now available at: coinexchange.io and yobit.net

Kobocoin

Kobocoin