Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Edge & PIVX AMA: The Future of Fast, Private Crypto
Recorded: June 10, 2025 Duration: 1:38:03Space Recording
Short Summary
In a recent discussion, crypto leaders from PIVX and Edge Wallet highlighted their partnership aimed at enhancing user experience and privacy in cryptocurrency transactions. They emphasized the growing importance of privacy features, the expansion of PIVX's user base, and the strategic focus on emerging markets, particularly in Africa.
Full Transcription
Thank you. Okay, anyone hearing me all right?
Are we live?
I can hear you. I think we're just waiting for Sal to hop on.
Cool, cool. Oh, can you guys hear me?
Hey, Sal, loud and clear.
I hear you, Paul.
Cool.
James.
Yeah, I can hear you guys.
Can you hear me?
All right, loud and clear.
Sweet.
I'm just going to repost this real quick.
Yes, yes, let's all do that.
Okay. Yes, yes, let's all do that. All right, cool.
Reposted.
I do have a little echo in my AirPods, but I guess that's what we can make do.
It can be annoying.
Maybe if we each mute when we're not chatting, that might help a little bit.
Yeah, does anybody have their Riverside that's not muted?
Maybe that's why.
I'm all muted, so I should be good.
And I see that.
Okay.
But James, make sure to unmute your mic on Riverside so that way we get the audio on there.
And then just mute your speaker.
Cool.
Yeah.
All right.
All right.
Let's do it. All right. Let's do it.
All right. So obviously I'm Sal Mayweather,
a.k.a. Salvi Agouras. We're here with some crypto OGs.
Introductions may not be necessary, but if there are some new listeners out there,
why don't we just get that out of the way?
You guys can tell them who you are and how you got involved and what you're up to.
James, I'll let you take it away.
All right. Yeah, I'll start. I'm James, also known in Discord and Telegram as Liquid369.
And you can find me across the PIVX communities. I'm going to be popping around the Edge communities now.
I'm going to try to show my face to be around as well um been crypto pretty much since 2016 ish around the time
that pivx started um haven't always contributed to it but moved up into contributing later on
in about let's say four or five years ago now and you know with piv, the main goal is about putting users first right now.
We're trying to offer fast, low fee, and push everything to the limits for adoption and usability.
And that's kind of why we're coming here to Edge Wallet, you know.
Cool. Hi, everyone. I'm Paul Poi, CEO and co-founder of Edge.
Been in crypto and working at it since 2013, 2014, discovered Bitcoin in 2013 and actually formed this company in 2014.
Our focus is taking self-custody, financial freedom, autonomy and privacy kind of to the masses.
I think there are a lot of tools that have been built to enable all of the above, but many of them were kind of scattered. You had to kind of put this piece together, that piece together, and jump through a few hoops to gain simplicity in self-custody and privacy. Our mission is to kind of hide that complexity and deliver an app that lets you buy,
sell, and trade assets like PIVX and other privacy assets as well, while doing it in a way that feels
like traditional finance. And that's kind of our goal. That's our metric for user experiences,
what people are already used to, but deliver all the ideology that they
may or may not even care to get but we do so we want to give it to them okay okay
you're cutting in a little in and out a little bit, Sal.
Oh, lost audio for Sal.
I'll second it.
Oh, there we go.
Are you back?
Is that you, James, or Sal that I'm hearing in the background?
That's me.
That's you, James.
Yeah, Sal, if you can hear us, it looks like suddenly your audio just cut out, although I don't show you as muted.
And so this is the beauty of spaces.
I've been on a number of Twitter spaces and there's never a shortage of random
audio glitches. Luckily, I happen to see Sal in a little video. I can tell that he's like
trying to figure out what the hell happened. Sal, if you want, maybe sometimes disconnecting
and reconnecting might do the job. Right now you're showing as a listener to me. We'll
see what Edge is hosting this space. Can you can you hear me now oh there you go cool
cool i'm like that guy from the cell phone commercial can you hear me now yeah it's been
a while since i've seen those commercials but i can yes i didn't but i mean here i'm showing you
as a listener but i can hear you just fine so well spaces glitches galore they happen all the time
we just have to bob and weave with them yeah i just hopped out of the space and popped back and i don't know what was going on there but um it happens okay so you
had already described edge's mission kind of as like providing user-friendly secure crypto solutions
how does that play into your integration with pivx what motivated y'all to get working with
pivx and uh give give me a little bit of history
between that relationship.
You know, I've known of PIVX for quite a number of years, probably since you got involved,
James, like in the 2017-2018 era and whatnot, and met a handful of the team, liked people
that I had met way back.
I don't know if they're still working with PIVX because it was quite a while ago.
But what was actually a little bit new to me in more recent discussions with PIVX is it was quite a while ago. But what was actually a little bit new to me
in more recent discussions with PIVX, which I apologize if I just forgot it from the early days,
was PIVX is focused on privacy. Now they do have a dual style kind of optional transparency,
optional privacy type architecture. But I know that they're building in that space. And one of
the unique things is that not only do they have privacy, but they have fairly fast transactions. This is actually a pain point with a lot of the
privacy coins. Most of them, once you spend money, the money kind of gets locked up and you have to
wait for quite some time before, A, you know that you've received the funds and that you can privacy is privacy, PIVX, which provides privacy,
PIVX focuses a bit more on the faster finality.
And once again, James,
I'll let you kind of like comment on this
if I'm getting anything wrong,
but that is one of the missing pieces
for all the privacy coins that we've integrated
where you normally have to wait minutes,
if not like, not hours,
but usually like maybe upwards of like half an hour,
20 minutes before funds are re-spendable.
So a blend of privacy in their technology and focus, and then also fast transactions, I think makes for a spendable coin. And I'm going to say, be very blunt and honest,
right now, Edge does not yet support PIVX's privacy layer. It's the full transparency.
And so what we're enabling for people to do at this
point is really, you know, the speculation side of PIVX. Sure, they can spend the transparent coins,
but it's not what we're necessarily there to encourage, right? But as, you know, the ecosystem
grows, and hopefully PIVX grows, more wallets, including Edge, can incorporate the privacy layer and really push the
transactional side of the coin.
James, from your perspective,
how does this sort of play into PIVX is like accessibility and adoption for,
you know, the everyday crypto user.
So we try to follow a lot of wallets.
We try to follow a lot of people that are pushing into space.
And, you know, Edge Wallet is one of the top competitors.
You sound a little far, by the way, James.
Can we turn your audio up a little bit?
Yeah, it sounds like your audio is really low.
Almost as it's coming from a different mic than you were a second ago.
Technology these days first it hits Sal then it's hitting James I'm next kind of booted off the spaces all right well well James figures that out yeah his audio set up sooner rather
than later no question about it I did these glitches make for a hell of
internet streaming kind of an experience but so it is yeah Paul check out the
swag man do it looks sweet
that's awesome
what else did we send over to you
oh I got a hat
does that shirt fit you or did you just tear through it
oh no no
it fits
and we got coasters we got all kinds of cool stuff
but I can't stop rocking this hat
I wear it everywhere
we actually got those in Mexico
and I swear they're like Mexican head size.
Are you trying to say have a big head?
Either that or I have a big head, too, though.
It was for me that I had to go to the very last notch in order to fit on my head.
Yeah, right.
Well, I appreciate it.
We'll be rocking all this edge gear on stream on Wednesday and also at Porkfest and everywhere
else we go. So we appreciate that. Yeah, when do you also at Porkfest and everywhere else we go.
So we appreciate that.
Yeah, when do you arrive in Porkfest?
I know you said it was like Thursday.
Yeah, we'll be in there Thursday morning.
I noticed they have you speaking on Saturday.
I won't be able to be speaking on Saturday.
So it'll be our team.
It'll probably be actually on the edge post for Twitter Spaces, and one of our staff, Daniel, might be speaking on Saturday.
But I will be, for sure, I think speaking on Tuesday.
And I'll be there up to Thursday morning, so I might actually just cross there.
But I think I've got to leave by about noon.
We're going to catch you for just a little bit.
We're just going to catch you on the highway.
Can you guys hear me now or no?
Oh yeah.
There you go.
Crystal.
Cool.
So the question was, how does working with Edge and integration with Edge enhance accessibility
and adoption for, you know, mainstream crypto heads.
So, you know, being in crypto for so long, you see a lot of wallets going up and down, right?
And Edge Wallet is one that's a leader in the community at this point, a leader in the space as far as for usage,
bringing into like on-ramping, offing off ramping and building up you know a
good spot for using your crypto right and so it became one of our focuses especially since edge
considers privacy it's the rest mode is another cool feature even though that's recently new you
know we just try to keep up with things and edge is one that seems to be the right choice to grow the user base.
Okay.
Now, Paul, what about your users?
How does PIVX enhance their experience?
Yeah, so we definitely have a user base that has a core interest in privacy.
And a lot of them are kind of what we lovingly call some of the OGs.
And so I think the overlap is nice because many of these people do remember some of these
original chains that have not just survived, but thrived and innovated and changed and added
new functionality, like the dashes and the Litecoins and the PIVXs of the world. And these
aren't just the fly-by-night new folks that
came into crypto and came in because, you know, there were punks on chain and, you know, pretty
pictures, NFTs. They're the ones that were back from what I'd call the era when crypto still kind
of aligned with the cypherpunk philosophies. And that's an era where PIVX was born out of. And so knowing that a lot of our
user base, and we only know that because they kind of mention it to us. Once again, we don't
KYC our users. We're not asking, how old are you? How much crypto do you have? And when did
you first buy? We have no idea about that. But when we meet them, they tell us those things like, oh, yeah, I've been in Bitcoin
and crypto since 2015-ish, 16 and whatnot. And so knowing that gives us this best guess that,
yeah, they're kind of the old school folks that align with the ideology of crypto and we promote
that ideology. And that very much overlaps with PIVX and its kind of original, not original
in the sense that it's changed, but the fact that it's been part of that original vision
of Bitcoin and crypto and has survived and thrived as well.
You've kind of become battle tested over the years.
So happy to see them still around, still building and innovating, especially with this privacy
layer and fast finality.
Yeah, no doubt um
let's let's get into the weeds a little bit here uh james uh talk to me about decentralized
governance and how that sort of works at pivx what how is that structured and i don't know
what are some recent proposals that are newsworthy, et cetera.
Okay. Definitely. Uh, for governance, you know,
PIVX is a DAO at decentralized autonomous organization, right? Uh,
the way that it's governance is structured on chain is that we have master nodes, which are kind of like validators for other chains at this point. Right. Um,
you would lock up a certain amount of funds.
After that, you have voting rights. And then for each lockup that you do is one vote.
And then people are able to vote in the community on proposals for funds to be created or not,
and supports a lot of different endeavors.
A couple of the notable ones now is we're doing one for our ambassador program to try
and grow our marketing and our growth and our footprint in just all around the world
again because it's crypto is heating up, you know, we have to be present to be there, you
know, and we haven't in the past.
So we're growing into that space now and trying to push it.
So I think the ambassador program is a good one.
That's to talk about.
We'll be bringing out more merch, maybe things we can promo brand with Edge, different things that we can do like that, you know, find some synergy as well.
Nice. Yeah, that's definitely
increasingly necessary. And you see a lot of
cryptocurrency projects just in general who are, you know, they have ambassadors
in Africa and France and China and all over the world.
So I think it's probably a good idea.
OK, OK, so what's what is Shield, James? So I think it's probably a good idea. Okay. Okay.
So what's, what is Shield, James?
So Shield is our privacy protocol.
That's the name that we've given it.
That's the vernacular you'll see in the wallet and on other systems that would support us.
It's similar to Zcash's, Z-SNARK protocol for Sapling, not its current Halo support.
We're going to update to that about next year, probably.
Big thing with us for our shield is again, it's lightweight.
We've created a mobile library that can work for
edge here we have our own wallet as well called my pivx wallet that operates in a browser can
sign and verify and deal with shielded transactions uh we're also proof of stake so it makes a big
difference with us where we can be a lot faster and more nimble than some of these
proof of work chains with our shield protocol. It did cause some initial upticks, you know,
trying to figure out from proof of work to proof of stake for ZK proofs, but
we've got it to the point now shielded transactions can essentially settle within
less than five minutes. Okay. Um, I still have a little bit of an echo on your mic. I don't know
if I'm the only one who has that. That might've been mine. That might've been my fault. I don't
hear the echo. So that possibly means it's me. I'll get mute when I'm not talking.
Okay, so Shield is what?
This is optional privacy, am I correct?
Correct, Shield is optional.
Okay, okay.
And that's sort of a key differentiator between coins with base layer privacy
like Monero or Zeno or something like that.
What are the ups and downsides to having that?
So upsides and downsides, let's go with upsides first. You know, we believe in balance, right?
We want people to have the option to choose on a lot of these things just because, you know,
Monero goes the hardline way, like we said, just privacy. Sometimes that doesn't really fit for
what everybody wants to do for the day. There's needs in both sides for transparent and shielded transactions, you know, so we just want to be able to support both things to have the best of both worlds for everyone in that regard.
It's also something that's big for our shielded protocol because we have memos as well which allows us to be compliant uh compliance
i think is also a big thing for the blockchain itself because we need to balance those things
so that we can be usable and you know uh losing my train of thought here i apologize
i mean you're not wrong though, because if you think about it,
that's kind of how cash works, right? Like if you want the transaction to be private,
I could, you know, slip a five in Paul's pocket and nobody's looking. But if I don't care,
you know, we could do it right out in the open in a public forum. That's kind of how cash works.
So I've always liked that optional privacy um ability there uh
you know it's kind of how dash works as well it's a similar sort of feature so uh if we want to get
into downsides though i would say getting people to use both systems right i think it's important
to utilize both a lot of people don't tend to do both they join
for one or the other and kind of leave it alone um the more use of the shielded pool makes
everything a lot more secure but the way that ours is also set in the next year with shielded
staking and shielded master nodes every block is going to increase the protection in the pool
so there's a lot of things that are coming up.
So where you see certain downsides, those things are going to be minimized and reduced
out.
Well, you know, we have Paul and I have a mutual friend.
I'm not sure if you know Joel Valenzuela from Dash, but they have a very similar, I don't
know if it's a problem, but a very similar sort of issue is that
they have that private send feature, but very few people actually use it. Do you get a lot of,
is that also true with PIVX? Just there's like a lot of, most people are not using
not using shielded transactions. Is that the case? the problem that we get is a lot of people are
using it but it's uh you have to step out to transparent to get usage somewhere else
you know so a lot of people are just storing a little bit here and there maybe one to two percent
of the supply like on and off ramps yeah right because not even just on and off ramps general
like exchange training and stuff too
we have some exchanges that accept shielded deposits we have some that accept just only
transparent you know it also i feel the problem for the usage there is the support not necessarily
the choice people don't have as much choice when there isn't as much support and that's why again
we're trying to partner up with people that focus on these things. Edge Wallet here.
We know Shielded isn't out right now, but we're going to continue to lend a hand and work with Edge Wallet to make sure that we can bring that in the future.
One of the coolest things I love about Edge is that it has this sort of in-app exchange feature that you could do.
Paul, how does PIVX fit into this? Are there any plans to
increase trading pairs for PIVX? The more privacy points we can trade with different assets,
the more enhanced the ecosystem is in general. Yeah. So right now we partner with, gosh,
I can't even count anymore. It's probably 20 different, you know, either
CFI exchanges or decentralized exchanges, which I guess you could, I don't know what
they call those partnerships, who just integrate the protocols in order to give people the
biggest selection and the best price across hundreds of different assets. When it comes
to privacy coins like PIVX and, you know, Monero and Xano and whatnot, it is tough to get support for some of these coins across CeFi and DEXs.
So you can think of us as the champion for a lot of these protocols
where, at least on the CeFi side, a lot of these CeFi protocols want to get,
not protocols, but CeFi companies want to get integrated into Edge,
and we'll dangle that carrot.
Sure, we'll integrate, but you got to go and add PIVX or Xano and whatnot, because we want there to be a good
liquid market for people to acquire and use these coins. The secondary challenge with some of the
swap capability is exactly what you had mentioned, James, in the sense that there's different
address types, send, deposit to, privacy versus transparent.
And so some of these services will only accept one or the other.
We ran into that with Zcash, you know, when we supported the unified address,
which I'm not sure does PIVX support that at this point,
since you're kind of based on a lot of Zcash similar technology?
We do not have unified addresses currently, and I don't think it's in our plan
for a little while. Okay and so those just caused you know I mean I get the idea it's it's nice
having a single address that incorporates a lot of functionality but at the same time it caused a bit
of havoc in the sense that we integrated it with it we were like okay it can support both let's
just give that to the exchanges and almost all of them didn't know what it was.
We've never seen this thing before, don't know how to use it, blah, blah, blah.
Even though it's trivial because it's just an encoding, it has nothing to do with the actual protocol. It's not an on-chain thing. So little challenges
like that. Now one thing we are looking at integrating are some decks that support
privacy coins and have a core focus on privacy coins. And I believe
PIVX does have support in
The decks that we're looking at with a basic swap decks
And so this one we're looking closely at I was super happy to meet the team
Over at Litecoin summit and they they described in detail what is coming down the pipe that's going to become much more
both mobile and just client app friendly because right now when you you know to access basic swap
Both mobile and just client app friendly because right now when you you know
decks you basically have to run a note like you have to run something online all the time on your
computer and they're building a tool to allow a user to kind of get that amm experience like you
send some funds some funds come back at some point in time and there's not like a need to stay online
and so when that goes live we we definitely strongly, strongly consider,
you know, integrated basic swap decks. We've obviously got to look at how big the library
is and what the API looks like. But with that, we'll now have support more natively at a
deck side for PIVX and other privacy coins. That we're pretty excited about. That would
lend itself well into giving users a better option for pivx
and one that also is censorship resistant which is what i care you know very very strongly about
we see these c5 exchanges holding funds doing kyc checks on occasion their spot checks they're not
often but when they happen they sure are annoying and they're and they're concerning but obviously
going to a dex you don't get any of that You just guaranteed it's either going to happen or it's not going to happen. And if it doesn't,
you just get your money back. So looking forward to getting more DEXs integrated.
Well, other than privacy, two things I would say Edge is kind of known for is security and
innovation. So why don't you just walk us through real quick like how does edge protect uh the assets
of a pivx user compared to like i don't know your competitors like other mobile wallets yeah so edge
is unique in a sense that users don't ever have to see their you know 12 24 25 26 word mnemonic
um instead those mnemonics are created you you know, and no one sees no one can
has access to them, but the user, they're created per chain, meaning every chain that you go and
transact in an ad, you create a what we call a wallet in your account. And every wallet create
has a brand new mnemonic. And that's that you can have multiple mnemonics for the same asset,
you can have five PIVX wallets, each having a separate mnemonic and using each one for different purposes. You can say, hey, this is my
kind of hodling PIVX wallet. This is the one I'm going to spend out of.
This is the one that I maybe link to a public
name handle, such as a Pheo handle. I have
Pollet Edge and I can have a separate wallet linked to that that's independent of my
hodling wallet and my normal spending. so you can have multiple and each is a
separate mnemonic but they're all encrypted and all automatically backed
up and then synchronized between your phones just using normal login
credentials a username and password and so that that affords us the ability to
further secure users keys not just by throwing them at the user and hoping
that they don't lose
them or don't put them somewhere that is easily discovered by somebody else and attacker,
but we could secure it with things like IP validation, and two factor protection, that then
makes it much more forgiving if a user chooses to or picks a bad place to store their password or picks bad login credentials.
So these are the layers that we can put on top of cryptography that I just don't hear
any other wallets doing.
And it applies across all of the assets.
This isn't like one chain specific smart contracts, multi-sig thing.
This is across your entire account and edge.
And when i mentioned
that little nugget of you can have separate uh actually not you can but by default you do
have separate master private keys mnemonics for every wallet in your account the kind of unsung
benefit of that is if you ever extract your key to put it in another wallet like um i know we'd
i think we talked about this at a recent podcast if you take out your key to put it in another wallet. Like, I know we, I think we talked about this at a recent
podcast, if you take out your key to put it in, like there was a Solana wallet, I can't remember
the name, but people were putting their keys in a Solana wallet to get very Solana specific
functionality from it. Might've been some staking or airdrop that their, you know, multi-asset wallet
didn't support, you know, like an Edge or an Exodus.
That wallet had a compromise.
It had a vulnerability and the keys were leaked out.
They were actually leaked out onto,
went unencrypted over the internet via some log files.
People that, and it was just about all the keys
on the platform.
And so people lost their Solana, clearly.
But not only that, because they had imported them or exported them from a multi-asset wallet
and then imported them into a Solana-specific wallet, they lost their Bitcoin, their Ethereum,
and potentially if they had held things like PIVX and Xano and Monero and you name it,
everything was lost because everything was on one key.
That, generally speaking, can't happen in Edge.
If you were to export your Solana key, your PIVX
is safe because it's a completely
separate key. And so while management
of a dozen,
two dozen keys might seem inconvenient
to deal with, in Edge we make it convenient
because you don't have to deal with them. You just
log in
and you're good to go.
Your keys are encrypted, backed up, secure, two-factor.
Right, and if you ever wanted to,
you could always access your seed phrase, right?
Absolutely.
You can just go to each wallet,
and once again, each wallet does have a different seed phrase.
Go to each wallet and then tap master private key.
You have to enter your password to unlock it,
and then you get to see your seed phrase.
And yeah, you can then export it, put it into another app. But it's not required. It's not necessarily
encouraged, but you absolutely can do it to prove that you truly have the keys and you can
control your funds. It doesn't get any easier than that.
Yeah. And I think a lot of people, the biggest question we get is, well, what happens if Edge goes down?
How do I log in? Am I going to log in to actually see my seed phrase?
Well, realize that
while we give the user experience of logging in, you're not really logging in to Edge. You're just
decrypting what's already on your phone. And you have multiple ways to decrypt that data. You can
decrypt that data with your username and password. You can decrypt it with a four-digit PIN. You can
decrypt it with biometric. And the only one that requires edge infrastructure is the four digit pen.
Biometric and password can decrypt even if we're 100% offline.
We actually have in our office, you know, you've got like Wi-Fi names.
We have a Wi-Fi in our office called Edgeless, which completely blocks all edge infrastructure.
Meaning when our QA team goes on this Wi-Fi, it cannot access any Edge servers at all.
Edge.app is completely blocked.
And we use that to make sure that you can actually still log in and get access to your keys inside of Edge.
And to a strong do, you can even send and receive funds.
That's nice.
So it's a little proof for us to know that this still functions.
I love the dedication.
You know, James, I had Paul was on my show a couple of weeks
back and he was like, you will be private on edge. He's like, you're going to be private.
I don't want your information. I don't, I won't keep it. I don't, don't even give it to me.
I'm like, this is the kind of attitude that we need more of in cryptocurrency. You know what I
mean? Absolutely. Today's a day of data's everything. it's a gold mine right and the less you can give
to other people is the more you save for yourself in trouble down the road or no matter what really
um all right guys uh share this episode around if you're listening i want to give me a like
a retweet send it to everybody that you know um because this is the we're talking financial
sovereignty here,
and this is how we win.
This is how we take power back.
So these are conversations we need to be hearing.
We need to expose newbies to.
So even if people are your friends, they're just not into crypto, they're just a normal
person, unlike us nerds, I don't care.
Send it to them, because this is the kind of information that they have to have.
We were just talking about Edge and some of the features that they
have.
Obviously, I sound like a broken record at this point because I just think it's so cool.
I'm going to make you explain it again, Paul, I'm sorry.
Can you tell us about Duress Mode because I just think it's so freaking awesome.
Oh, yeah.
Yeah, thanks James for actually mentioning that as well.
So Duress Mode is a new feature that came out about a month ago,
a little over a month ago in Edge,
which lets users set up a subaccount, right?
So Edge, you have these accounts that are encrypted accounts
that you, quote, unquote, log into or decrypt using, you know,
your login credentials, PIN or biometric.
Well, now you can set up a subaccount that uses a different PIN
than the main PIN you've set up a sub account that uses a different pin than the main pin you've
set up for your main account. And so if you are under duress, and there's many ways you might be
under duress, you might be stopped in the street corner, you know, and asked to unlock your phone
and wallet. You might be crossing a border where you're asked to unlock your computing devices and
guaranteed this has absolutely happened to people, especially crossing over a border. And we know as of late, it's definitely happened on the streets.
Far too often with people being targeted for having owned crypto. And so now you can unlock
your account with a duress pin, which actually unlocks a subset of your account. It unlocks specific wallets that you
specify in this that you create in a sub account. And you can find these are real wallets with real
individual separate master private keys, just like edge already has for every individual wallet,
you can transact out of that wallet, but you can put a much smaller amount in that. So you put 100
bucks in it, use it when you go to places like Porkfest, spend at the different merchants. But if you're forced to and you unlock using address
mode, your larger funds that you could store in edge are still secure. And I think this helps
address some of the concerns people have over what they use for their larger versus medium versus
smaller funds. A lot of people are like, oh, I'm just going to stick this paper wallet in a safe, you know, at my home.
And they're like, okay, but that definitely makes crypto less usable.
And people will say, well, you know, I'll just put my spending money on my phone when I travel.
But people have a different definition of spending money, right?
Like what's spending money to you, Sal, versus me, versus a billionaire? You know, I've met some crypto OGs that hold millions on their mobile phone,
but they're also worth hundreds of millions of dollars. And so that's a percentage of the
portfolio. And for them, spending might be like buying a $50,000, you know, what do you call it?
Flight, first class flight to Dubai, right?
That's like quote unquote spending money.
Well, that might be the kind of money
that they want to protect with duress mode
and instead put, you know, the 100, 200,
or maybe for them, $1,000.
Whereas someone in Africa might be putting 10 bucks,
you know, of spending and keep their stash
of $200 inside duress mode. So it's all
very relative to each other. But having a larger amount of funds that you can bring with you for
when you need to spend those amounts makes crypto much more usable to address that concern,
and still makes it, you know, protected so that you have a level of protection for those funds,
even though they're being carried with you on your phone i i think it's it's just honestly it's genius i can't believe
that uh there's no other you know well we were talking this in Amsterdam i was like paul you
should sell this to like you know the banks or something like that like it's just it's actually
like a genius idea that it should be standard across the industry.
And hopefully, you know, everybody else will take your lead.
Yeah, I think it'll start getting adopted.
I think people realize there's some strong value in this.
And, you know, hopefully it branches out beyond just crypto wallets.
Obviously, you mentioned banking.
My biggest ask is actually I want i want this feature native
on my phone like i would love to go and if only like iphones were open source i know androids are
so you can kind of like push this but i would love to have like you know you can put two fingerprints
in your iphone i want one to be duress and one to be regular right right you know that kind of thing
i mean a lot of a lot of space id as well I know, I know face ID makes a little tougher. Maybe I can make a gesture with my face and,
and unlock my phone. Like I just can like close one eye. It unlocks my phone and that's in duress
mode now. And that has some of the apps that I care to show, but not all the apps. This is the
thing that should be standard on our computer as well. You know, but since I don't have control
over those ecosystems, we're a small company, but we'll at least do it in our app and set the example. And hopefully that branches
out to the ecosystem as a whole.
This is the sort of dedication to security and privacy that we need to see just again,
industry wide edges like just sort of leading the leading the pack here. All right. Let's talk a little bit about staking and masternodes, James.
How do these mechanisms work on PIVX?
What are the requirements?
What are the incentives?
Okay.
So we can definitely go over that.
So at PIVX, for staking, the only limit is minimum of one PIVX, right?
Anyone is able to get involved in staking at that point.
We try to keep the barrier to entry very low because a lot of times as things mature,
the scale of numbers and the economy growth at that point, it makes it hard for people to enter.
But realistically, anybody can stake with at least one PIVX at all.
But realistically, anybody can stake with at least one PIVX at all.
Our staking protocol is definitely very different from some of the DeFi staking protocols that everybody's used to thinking about.
Because, say, like comparing Ethereum or Solana with three second and four hundred millisecond blocks, we're one minute.
So there's fourteen hundred rewards a day that are distributed out to both stakers and masternodes.
To touch on a masternode, that's anyone with at least 10,000 pivics and that wants to set up and run a full node on a 24-7 server.
You know, that's supporting the network.
They'll get a higher return generally than stakers for the cost that they're putting up for supporting the network.
Now, are stakers actually staking actually staking to a masternode?
No, they have two options.
So we have hot staking and cold staking on PIVX, right?
And with hot staking is just anyone's wallet that's online 24-7,
as long as they have staking enabled, that's hot staking because it's online.
But anyone also could, on a separate node or a master
node create a cold staking address which is more similar to a delegation right you delegate your
coins to that person but they never really leave your wallet so someone else will run the node
get your authority to stake on your behalf and the rewards get sent to you so i see a of, a lot of people do this right now as a free
service. We plan on potentially bringing like a commission to it in the future to put more to the
operators and grow that more because we think cold staking will do a little better for the network
than hot staking to protect your coins and stuff. Got it. Got it. And you guys didn't, you guys
weren't always proof of stake, right? Like this is a transition that occurred at some point.
So we were always planning to be proof of stake, but we wanted to have a fair launch period.
So we were proof of work for a certain amount of time to allow everyone to join in.
There was a couple, about 60,000 pivics that was mined for six masternodes to bootstrap the proof of stake launch.
And then subsequently those funds were burned.
One of the things that you said that I really like is that you can stake with one PIVX.
Because I think a lot of, one of the more common criticisms you hear about proof of stake is that,
you know, it sort of tends towards oligarchy a little bit.
Yes.
Oligarchic a little bit.
But I think when you keep the requirements low, you can sort of get around that criticism.
So I like that.
Right.
We try to keep it fair for everyone in that regard.
Right, exactly. And another big criticism of proof of stake,
which you guys have alleviated,
is that you can't really start a chain with proof of stake
without basically airdropping a bunch of coins
to founders and investors and whatnot.
And so you address that, similar to Ethereum,
by actually having a good amount of time
of proof of work, fair distribution,
and then only after that distribution
do you transition over to proof of stake.
So that's a great nod to what I call a good ethos in fair launch.
Yeah, no doubt. And the master nodes, how does the,
how does the governance model work exactly?
So again, the governance model is one vote per master node.
So if you had more, you could theoretically vote more.
There's a whole page in our core wallet on our website.
If anyone wants to look, it's pivix.org slash proposals.
And you can have a quick snapshot of things that are up currently.
And in your wallet, you have an option to vote.
So if you, say, had three masternodes, for instance, you could look at the proposals, select and click on proposals that you want to vote. So if you say had three masternodes, for instance, you could look at the proposals,
select and click on proposals that you want to vote on. You would select yes and vote with them,
or you'd select no, and then you would vote against those proposals. You have the options
to split your votes and select other ones as well. For our governance, there's 432,000 PIVX that is available every month.
That's our total budget. It doesn't get created if there isn't budget allocated to it, though,
because we don't want to constantly inflate. That's a concern of a lot of people with
DAOs that self-fund is that they just inflate and print things for themselves.
And everything that's in the DAO is generally community submitted.
So it's not really anyone directly that's known as a PIVX leader or founder
that's really running a lot of these because all of us are part of the community.
No one that's currently submitting proposals is someone that founded initially.
It's moved on and up.
And we're just consistently trying to grow at this point through it.
There's maybe about 20 proposals a month that goes through our system and they
fund things from development to business development, integrations, and listings
so far, like edge wallet and other exchanges uh marketing our ambassador program
we have tons of things that people try to do for regional thing uh you know regional situations
we have a turkey group that's trying to do things in that area before the ambassador program
um we're relaunching our testnet so we have a proposal up for our testnet to be reset for our new deterministic masternodes, which is similar to what Dash has, but we're going to be a little bit quicker with it.
Okay.
Okay.
What do you mean, like, in terms of the interfrequency of voting?
voting or yeah so dash has a couple things that with their deterministic masternodes as a design
Yeah.
choice they went with only ipv4 uh we're trying to support ipv4 ipv6 tor i2p so we want to support
privacy protocols to run your masternodes as well if you want to be obscured from the internet and
that's kind of what we mean by faster because they still haven't brought this and we should have this hopefully next six months
fleshed out well. Because we already have our code, we just need to start battle testing it
in our test environment. Yeah, I'm here. I'm at pivx.org forward slash proposals and you can see
everything. It's all very transparent. Monthly
budget, how much is allocated, when the next payout is. There's even a little circle chart
to show you what percent gets allocated where. So it's very cool. Check it out, guys. pivx.org
forward slash proposals. All right. Well, proof of stake, instant finality, you've got the privacy thing going on.
It seems like you guys are really trying to push for like user friendly, you know, use cases and just a general adoption.
What sort of practical applications or partnerships are you all pursuing to make this like the go-to currency for you know everyday
transactions so like you said our goal is use usability adoption and that general growth so
that's why working with edge here trying to get into this wallet here so that we can be available
in front of a lot of privacy focused people as well as having options for our community that has a strong wallet.
You know, there's a lot of other options out there,
but we're going to try to push for more listings
and exchanges in the areas that are supported by Edge,
you know, and hinge on bringing that full liquidity
and the full usage ability to the users here through Edge.
You know, like you said, things are all very fragmented.
The adoption isn't always there for like private transactions and things like that.
Working with Edge here, we know we can get it soon.
There's a commitment between us both to work towards that.
And I think that's the best thing is for us to uplift each other and push and show why this is the wallet to choose as far as access,
usability, like you said, duress mode. I mean, there's just things that keep adding up for it.
You're speaking my language now, James. What do you think is driving KivX's growth here?
Do you think, is it the governance model? Is it the demand for privacy? What do you think is pushing the growth here
that KVX is experiencing? I think you really hit on both the two key things.
PIVX, a couple of years ago, had a much smaller budget. There was a big talk about increasing
that budget so that we can have the ability to do things. With the increased budget, we've been
able to do things like this here with Edge and this partnership to get this listing and integration done.
Getting on some more exchanges as well, bringing us, again, just to have a wider market for people to have access to us.
We're on the past year or two.
We've listed to LBank, Maxi.
We've been on Binance since 2016 itself, but that itself isn't enough in many cases.
We're also supporting DEXs, like you said,
with basic swap. We're trying to have everything everywhere, and our budget growth supported that.
Then the other thing is, is that I truly believe that this year coming is going to be privacy
focused. If it's not this year, it'll be next year. We keep seeing all these problems coming up.
That's why Edge brought out its duress mode. I was just at a conference two weeks ago in New York, and there was someone that was
kidnapped there that was a crypto investor two, three streets away from the hotel that I was
staying at. These things are real-life situations for us. And when people want to do crypto,
do they want their whole bank account transparent? No. People are starting to catch on these things.
We see the wave that's coming, and we're trying to position ourselves properly so people can recognize what we bring to them.
Yeah, no doubt.
Yeah, it's scary.
It really is.
There's just been so many abductions and kidnappings.
It's gotten really, really crazy.
As the economy has sort of, people are getting more and more desperate and the price of crypto
goes up and up and up.
Crypto people are making more attractive targets, unfortunately.
You know, we keep talking about duress mode with respect to like that physical threat.
People don't realize that privacy is actually a part of that.
And actually, in some ways, maybe an even more important part of your security than a duress mode.
Because if people just don't know you have that money and they don't know the value of what you have, you just become less of a target.
I mean, you could be transacting online and maybe you've been doxed in the sense that that transaction has your name associated to it.
Maybe you've been docked in the sense that that transaction has your name associated to it.
But as soon as someone goes and sends you some, let's say, some stable coin or whatnot, they see your Ethereum address.
They see everything that's in it.
They can even do some blockchain analytics to see, hey, did you swap some Bitcoin?
How much did you have of Bitcoin?
And that just exposes you as a target.
you as a target. By keeping our transactions private, that means the only thing that that
person that you transacted with knows is that one transaction. They don't know what you're
hodling behind the scenes and behind the lines. And therefore, you become just less of a person
to even bother to attack physically. And hopefully, you just don't even need duress mode.
So the goal of duress mode is you don't need...
Less of a target.
Yeah. The goal... Yes, we implement duress mode because it seems like a necessity.
I would love our world just to simply not need it.
And hopefully the path to get there is widespread adoption of privacy protocols.
Yeah, but you know what, though?
There's a lot of old school crypto heads, a lot of crypto influencers, people just at conferences. You know, if the average Joe sees somebody at a conference, you know, a Bitcoin conference,
who's not dressed like a bum, they think that you're rich or something like that.
And, you know, there was a case.
No, I know. I wish it was. Trust me. There was a case recently of two NYPD cops who kidnapped and tortured this dude. I mean, cops.
No, no, I wish it was.
Trust me.
Well, they have access to all the inside info. They're the ones that can subpoena ISP logs and see what you're actually transacting with and what nodes you're connecting to and really what your addresses are.
nodes you're connecting to and really what what your addresses are so well um you know anyone who
has spoken to me for more than five minutes has heard me talk about the war on crypto and how
you know i believe uh privacy coins are sort of the solution to that privacy tech in general really
this is a question for both you guys how does edge Edge and PIVX, how are y'all navigating the regulatory landscape
while also maintaining some semblance of decentralization and privacy
and all the things that we love in the cyberpunk crypto movement?
So I can definitely take it away.
I'll start with PIVX for sure.
So for PIVX with us,
for our shielded privacy
is actually AML and FATF compliant
because with our shielded transactions,
we have an option for a memo.
And the memo is 256 characters,
which is generally enough
for anyone to submit enough information
to satisfy
things like KYC requests. And these are only information that would be between the two parties.
And you could create something called a viewing key. And that viewing key could allow someone
else to view the transaction, such as only a respected third party when you've given the
access, not so that everyone can see. And that definitely helps us in a lot of regards for
regulation when we try to go for listings. It doesn't mean everyone's willing to integrate
shield, but it keeps them from denying us right off the bat. Okay. Yeah. So for us, I think one
of the biggest things that we do is we avoid being a target by simply not a not controlling
funds and not having personal information and so we've you know we've
been asked hey you know we think your app has been used for some kind of
illicit activity right you know do you know this person you know in your
platform like we're just software we're just software developers anybody can use
the software we don't have personal information. We're not a financial, you know, a fintech company. And so building open anyway,
and we're open source to prove it too. That way they can't say, well, are you really? Well,
there's the code. It's, it's like GitHub if you actually want to have someone go and audit that.
And then we write a white paper that describes the architecture that, you know, could match to
the open source code. So by keeping us strongly in the software realm, and that actually sometimes can be a bit of a challenge.
We have fiat on and off ramps, believe it or not,
that for some reason, well, I get it,
because our competitors probably want this info,
but some fiat on and off ramps want to give us
the personal information of the people that transact.
And we actually have to say no.
We don't want it, because once we have it,
we have the power to tie a name to potentially an account. And that's the last thing you want to do,
primarily for security purposes. If we know that this person's an account, well, then that becomes
an account that someone might want to target in brute force. And so us not having that
information is a key important piece. We don't need it to operate. It's not a necessity. So as
a software provider, you don't need that PII, personal identifiable information, as we call it.
And so we avoid it. And by avoiding it, we become less of a target. That target does, in a way,
get pushed over to a lot of the partners that have to collect it anyway, such as our fiat on off ramps, right?
You're going to have to KYC with most of them.
We actually have one that doesn't require KYC for a small amount, like $1,000 a day of purchasing Bitcoin.
If you're in Europe, you can actually purchase $1,000 of Bitcoin every day with one of our partners.
But by and large, yeah, you touch the banks,
you touch the credit cards, you're going to need that info.
And we just want to make sure we know as little about it as possible
because A, we don't need it, it makes us a target.
Yeah.
For regulators, just like we were talking before about bad actors,
the less that people know, the less they could screw up yeah keep it PG
around here exactly and so one might think that that's us becoming less
compliant right like you might argue oh you're not being compliant I can do in
KYC well as a software provider so long as we stay as being a pure software
provider that's actually more compliant, especially when you look at, you know, outside of
the US with privacy laws that exist GDPR, right? If we did collect personal information, now we have
to be quote unquote compliant on how we handle it, who has access to it, how do we secure it,
why is simply not collecting it because we don't need it. We're more compliant in that regard.
And then we don't have to deal with the compliance of securing that info. Yeah, I don't envy your lawyers or your legal team because to navigate the regulatory
landscape in the US and the EU and all these different countries and governments that you're
subjected to, it must be a real nightmare for those poor people. It hasn't been too bad, actually.
We do get occasional spikes in legal bills, but overall, it's fortunately few and far
between.
Good, good.
All right.
So let's talk about people who are new to crypto, new users, people who are novices,
offices maybe uh new to edge new to pivx what are some things that you guys are doing to sort of
maybe new to Edge, new to PIVX.
educate them about you know the benefits of pivx about the the east of using edge wallet are there
any tutorials or resources you guys have planned they can that we can point them to talk to me
so uh i'll go first uh with everything for pIVX and Edge, we have our marketing team developing videos and articles as well as how-to guides to show the basic usage, setting up like your username as well, and just general access into how to get to PIVX and Edge wallet.
We do have a lot of guides that we try to have up. We have a doc site for a lot of our wallets and setups for everything else that's not necessarily Edge related.
In the last couple of years, we've developed also a very easy, usable web wallet for ourselves that we've been promoting here and there, our MyPIVX wallet.
That's what gave us the functionality to have the SDK for our shielded protocol, which gives us the chance to integrate that later on with Edge as well.
So that's just a little bit there.
Paul?
Yeah, so one of the things that we've recently started doing,
and this is less of like the, hey, how do you get into crypto?
But more of the noob that doesn't know what all the different cryptos are.
So one thing we've been starting to do is actually start creating content on the different assets and protocols that we integrate
in Edge. We haven't deployed it widely yet, but it collected quite a bit at ETHDAM, talking to
some, like talking to Zano, talking to, you know, folks from Dash like Joel, even talk to people
from Liberland. Liberland has their own chain as well for governance. So talking to them, collecting
information and interviews, video interviews, video audio interviews with them,
and then putting that in-app alongside the asset listing so people can understand a little bit more about what they're getting involved in,
as opposed to it's just another ticker and here's a price chart.
They can see, hey, are they aligned with the ethos of what this thing is building, the functionality they believe in, the core roadmap for what this project is doing,
to then decide, hey, I want to own it, I want to use it, I want to utilize it.
And some of those interviews also show people like, where can they and how can they utilize
these cryptos? And so that's our little nugget that's as of more recent, admittedly, so recent
that you're not going to widely see it inside of Edge yet.
There's a couple of videos inside of the app as soon as you log in on the home screen that give you a few of the basics about crypto.
But we're going to be diving into the different assets.
And so there might be some snippets from this chat today that go into the PIVX section.
So people that might tap and look into PIVX go, what is it?
You know, like, why should I care about it? What's its history?
How do I use it? Where can I use it?
These are exactly what we're trying to put together
to educate users on the multitude
of assets that exist in this space.
And we're definitely going to focus a heavy
amount, of course, on the privacy
assets because that's one of the things we care a lot about.
Download
the app, guys. Little
shameless plug here. dl.edge.app.com. Get the
Edge wallet. And again, you can access all those educational resources in app. All right. So like
this integration, how long has it been now since since edge has had support for pivx fall
i think we had just launched it maybe a month or two ago um we've definitely had quite a few
launches so the exact release and date and time um unfortunately skips my mind but it's pretty
recent it's definitely quite recent so happy to announce it to the general community here on the
spaces and uh alongside here with james and the rest of the PIVX team.
Okay, so this is a pretty new thing.
So I guess you haven't had a chance to get any user feedback from the PIVX community because it's so new.
It's both new and we haven't really widely announced it.
So sometimes we have features that get into the app and there's like a stack of things and we might stagger a little bit of our marketing around it.
But now is kind of the PIVX time for us to let people know this is live, it's usable.
And not only do we integrate the ability to send and receive PIVX,
but we made sure that for any of the swap partners that support PIVX,
people will be able to buy and sell from other cryptocurrencies into PIVX as soon as we went live.
Good, yeah.
So hopefully, like, it's kind of like a match meet in heaven if you think
about it, because, you know, edge sort of appeals to the privacy community and PIVX is sort of part
of that. So it's really a natural pairing, honestly. Exactly. Okay. All right. Well,
let's see what else do I have for you guys here we already talked with the
DAO a little bit we talked about the regulatory landscape a little bit about
education any questions any other any other any other plans for like joint
marketing other than you know the Twitter space that we're holding now?
Any other partnerships you guys got or what?
I might have to defer that over to our Edge host here.
And as well, James may know as well a little bit more.
But we've got Elizabeth hosting the Edge spaces.
She might have a few more insights than I have with respect to other upcoming
marketing opportunities that we've got.
Okay.
Yeah.
So sorry,
so I'll cut you off.
I know that we have the PIVX privacy round table coming up this Thursday at
6am.
And so that will be another opportunity to join Paul and the PIVX team live to
ask any further questions as you all are getting used to PIVX in Edge.
And then we'll have lots of great educational materials coming out as well for this week.
Okay, and that's on, what did you say, Thursday? At what time?
Thursday, 6 a.m. PDT and then 9 a.m. EDT.
Damn, y'all get up early out there, huh?
It's not by choice, but I'll make it work.
It's not by choice, but, you know, I realize people in different time zones,
and especially like Europe and whatnot, so we'll make it work.
Just move out here, Paul. What are you doing? Come on.
Come to Tampa.
Yeah. So the privacy round table is actually going to have the basic swap team
there, Particle, as well as Firo. So, you know,
there might be a couple other privacy advocates that might stop by that we
talked to recently this week.
So it's something we host about average monthly and we try to do different things with different privacy projects so you know
if you guys could come that would be great and we'd love to have you for other ones as well
yeah if you guys if anybody out there is listening you guys have any questions you want to hop in
we're you just go in the space and request uh to be a speaker and you can throw a question in there.
Guapic at Satoshi Nakagwap, I like that name, says, I love that we have a wallet that is pro-privacy and now has PIVX.
Both have the same vision and values.
That's what I love about it as well.
This is what drew me to edge in the first place. And really,
edge is kind of opening the door and like, the amount of like,
every time I learn about a new feature or a new coin, I'm just
like, I'm kind of, I'm just always impressed by their
dedication to the cypherpunk ethos. And again, I just wish
that was sort of standard across the industry and not just
with edge. I hope the industry does change a bit. And then the industry of crypto specifically gets
back to its roots. And I remember when we first launched our first wallet, it was called Airbitz
back in 2014. There were maybe four or five other wallets and all of them were put in there was a an organization that i can't remember
the name a a o not a o p p but it was like the wallet open privacy initiative something like
that um and uh it was i i want to give credit to a name here christoph atlas he was a security
security i'm gonna call it researcher auditor but I know, had headed up some of that effort.
But every single wallet in the industry
was entered into that, I don't call it protocol,
that organization for evaluation
of their privacy standards, right?
And they would nitpick every little thing
that the app did, and everything was also open source.
There were no closed source wallets at the time.
So you had to implement a pretty high level of privacy.
And they went down to how you chose your UTXOs.
And this is kind of a technical concept that maybe people listening may not understand.
But when you spend Bitcoin, PIVX, and whatnot, there wasn't Monero at the time.
You can pick which incoming money you received from before. You can pick that,
you can pick which ones you want to then spend to send to someone else. Kind of like your cash
register, right? You get some bills in your cash register, you can choose which bills to then spend.
Well, the way you pick those bills was strictly audited and specifically compared for how private
you would be, right? Some wallets would always pick inputs in a certain order,
and the first output would always be who you're going to,
and the second one would be change.
And if you always did that, you can kind of tell from the transaction,
oh, I can tell who he's spending to,
and which is the change coming back to him.
And so they were very strict about the output selection,
input selection to ensure that
privacy is at the highest you could do for at least Bitcoin. You had mentioned kind of the
industry. I'm hoping another organization like that actually starts to come about and starts
evaluating the ecosystem. And that way, those of us that are actually putting a significant amount
of effort into privacy start to rise above and get recognized. Cause right now it's, it's like,
there's a small nugget of folks that care to evaluate.
And then the rest just are like throwing meme coins and whatnot and doing it on
Robin hood where they're fully doxed and things like that. And so,
again, it's like market competition.
They're going to see what you guys are doing, and they're going to see how that drives adoption and stuff like that.
And then they're going to have no choice.
You're kind of going to force their hands just through pure, you know, free market competition.
They're not going to have a choice but to be private, like you say, you know.
Exactly.
And what I love about the free market, you mentioned that,
is that this organization was not a government organization.
This is just an independent group of people that valued privacy
and felt that it was worthwhile to evaluate different products.
And I've always been for the private sector,
coming up with these organizations as opposed to delegating it out
to governments who just get bought out.
And so I'm hoping something like that does exist or will exist
and will help support those efforts.
Now, you mentioned Edge as this sort of open source component.
Is it possible for developers and people smarter than myself
to build PIVX-specific tools, plugins, stuff like that
on Edge's platform. Is that doable?
Yeah, and actually it's already being done. So Edge is built very meticulously as both a platform
and an app. So at the very top level is our open source app, which has all the user interface of Edge.
Under that is our core, which is also open source.
You can evaluate it.
It's on GitHub, github.com slash edge app.
That core then does all of the accounts management, the encryption, the backup, the 2FA, connects
over to our infrastructure to backup encrypted accounts.
But it also connects to optional plugins for all of the different swap exchanges and all our core and connect to all the plugins that support
both swap exchanges you can actually automatically get support for all the swap exchanges and decentralized exchanges that we have in edge without having to rebuild any of that code you
just build an entirely new user interface on top of it and given that pivx is now supported anyone
that uses our platform automatically has pivx support if they choose to. And we do have about a handful of companies.
So we don't market this very much, right?
You asked the question.
It's not on our website.
It's not widely marketed or advertised on our website.
But with the handful of apps that do deploy their app using our platform, our SDK, they
now have the ability to incorporate PIVX at basically a flip of a switch.
They just turn it on and now PIVX is supported in these other wallets and apps out there.
Beautiful. James, you had mentioned that y'all are working on this ambassador program, which I think is honestly more important than most projects understand.
If you look at the success that a lot of other coins have had
with their own ambassador programs,
it kind of just, you know, the proof is in the pudding.
Any sort of specific regions where PIVX has experienced,
you know, more growth than usual
or anywhere where y'all are gaining traction in the world?
Well, we don't necessarily track a lot of that data ourselves, but we do notice different
growths on our exchanges that serve various areas. We know Southeast Asia is very popular
with us currently. Korean markets are very big for PIVX, but it's very anti-privacy there.
So it's hard to try to get us around the people there, right?
So, you know, being in a wallet like this might give people more functionality, features and ability to gain access in those markets.
access in those markets. We're hoping to do a lot of things in Africa as well, because we do have a
pretty big African community that tries to support us as well. We have one guy that's willing to lead
that part of the ambassador program currently, and we're trying to support him in each way to get
more boots on the ground there. Some other things we plan to do with the ambassador program or just overall do good focus, right?
Charitable things, Earth Day, you know, celebrate everything around.
So you should hopefully see PIVX doing a little bit of everything in the next year.
Awesome. You know, I was recently at the Bitcoin Cash Bliss Conference in Ljubljana, Slovenia.
And there was another individual there who I met who was like a lawyer who had worked with refugees.
And he was talking about how Bitcoin Cash is so adopted by people in troubled areas of the world.
I don't want to get political here,
but I wondered why a lot of these disadvantaged groups and politically persecuted groups
haven't made the switch to a more privacy-focused experience.
Why do you guys think that is?
Do you think it's just the fact that, like Paul was
saying earlier, how privacy coins traditionally haven't had that instant finality that you guys
are offering? Do you think that's what it is? I mean, what do you think is driving, what do you
think is preventing adoption in areas where we would expect to see it first? I believe for privacy
in general, it's the stigmas.
A lot of people are still trying to assert privacy
as criminal, or if you have privacy,
you're trying to hide something.
And I think that is a difficult thing.
I think it's probably part of access in general
for private coins when you're in these disadvantaged areas,
it's a lot easier to get your hands on Bitcoin.
Once there's more access i think a lot of those things will grow a lot more to privacy coins as i said earlier i
believe also this year and next year is going to be the higher focus on privacy because as people
move to crypto everyone's a target easier yeah Yeah, I think the reason
that they may have not adopted it yet
is because it depends
how you define disadvantaged.
You'd mentioned like,
hey, these are the disadvantaged communities.
And probably the first thing
that they see themselves
as disadvantaged on
is transactional freedom.
Like, can I transact?
Can I send money out of the country?
Can I receive money
from out of the country?
And then as well, for some, it could be also inflation being an issue for especially some Latin American countries. If those are their core challenges,
then what they haven't realized is that privacy does help them achieve those,
but more indirectly. So they, for example, adoption of Bitcoin cash, like, oh my God,
I can receive the money
from anyone in the world.
Great.
I can send money
to anyone in the world.
Great.
The privacy hasn't hit
because the governments
haven't gotten aware,
haven't become aware enough
to say,
look,
here are the people
that are bypassing
our traditional financial rails.
We can go after them,
right?
Because we know who they are
because this is so transparent.
So it solves the problem for now that they have, but it doesn't solve the long-term fungibility
problem, which we've, you know, long argued that in order to have fungible money where the money
you receive is fully usable, it needs to be private. Once it can be discovered where it comes from,
it's no longer quote unquote fungible. And we already see this today with Bitcoin and other non-fungible or non-private currencies
where people will get caught in the crossfire of a quote unquote malicious action.
So case in point example, an exchange gets hacked, right?
And they go and swap the coins for something else.
Well, when you swap the coins for something else, someone receives those coins that were stolen.
And if that's an exchange and they don't realize because it happened so quickly that this was a malicious actor, that exchange could then end up sending it to someone else when they withdraw from the exchange.
Or if it's an exchange like a CeFi exchange, they might inadvertently be giving quote-unquote tainted money to somebody.
And then that person legitimately purchased it by swapping some coins, not realizing that
these were tainted funds.
That's no longer fungible money, right?
We're talking about NFTs being non-fungible tokens.
Well, basically you just turned Bitcoin or whatever, Bitcoin cash into an NFT.
This is absolutely happening today.
And this is the kind of thing that privacy coins prevent.
They prevent the
bystanders from getting caught in the crossfire just because they're doing something legitimate
with their money. Yeah, I think you're right. I think a lot of those governments aren't either
either a they're not strong enough to enforce their their will about such minute details about every, you know, the average person's daily life. But when they,
when they are strong enough, I guarantee people will, people in those areas will care about
privacy a lot more. You know, we had a friend of ours, a mutual friend, Vlad Costilla, who
spoke in Amsterdam, and he has this Freedom Index.
And the Freedom Index is actually, it's like a listing of privacy coins,
and just to get a general gauge of the industry.
And it's actually outperformed Bitcoin, BTC.
He had a great speech.
You can watch it on YouTube.
It's like, what's fun and what is not fun?
It's actually hilarious.
That was a
great one yeah i didn't see too many talks at ethan but i did get to see his and that was uh that was
that was hilarious and uh he defines he puts what people are feeling but don't want to say
right out there in the open yeah yeah love lad check check out his podcast um at bitcoin take
over i think is just yeah I think that's his handle.
All right.
Well, if you guys have any questions, now's the time.
Hop in the chat. Let us know.
Also, give us a like and a retweet.
Share this around. Let's get this out to as many
people as possible. This is the
sort of information that we have to spread
in order to promote
financial sovereignty. I'm going to retweet right
now.
Daniel, Anarchy.gov,
Pirate Chain would love to come on one of these roundtables.
Let's do it, Daniel.
Shoot me a DM and we'll get it set up.
Pibbex official account, Privacy Roundtable,
is held every two months now.
Okay, cool.
All right.
And you can reach out to daniel wants to set up something with pirate chain you guys can talk about that in your dms
cool cool and daniel i think that might be the daniel that's actually headed the pork fest for
for pirate chain so daniel if that's the same daniel we'll see you there yeah i'm a big fan
of pirate chain by the way and it's another thing that I like about Edge is that they support all of these different coins.
So whatever your game, whatever it is, if it's privacy, Edge probably has support for whatever you're into.
We do our best.
It's impossible to support them all, but we definitely do our best.
We got a question, James.
It's not a softball.
This comes from Antidiluvian777. If crypto is not private by default, is it really a privacy coin? I'm going is there as far as options available to you, it doesn't change that we are a privacy-focused coin with a private layer for you.
The reason that you have all the options is to give you full access and usability to all the things that are really out there.
It's not really something that I consider a detractor, but a lot of people do want to try and give you a little jab with that sometimes.
But that's...
Well, I would say, again, that's how your average medium of exchange really works, is
that, again, we spoke about this earlier, if you want the transaction to be private,
you can make it private. And if you're buying a pack of Skittles
or something and you don't care if the world sees you, then it doesn't have to be private.
But for the more intimate purchases that you're making in your daily life, maybe you don't want
everyone to know that you're buying a 3D printer or you bought a new gun this month or you bought a new gun this month, or you bought $100,000 worth of PIVX or something like that.
So maybe there's a time and place for everything.
Absolutely.
Paul, anything you want to add to that?
Yeah, so I think it's way too far to say that because a privacy protocol has a transparent mode,
that it's not a privacy coin.
I would argue that for sure it's still a privacy coin. I would argue that for sure
it's still a privacy coin, no question about it. Where I would draw the line is what are the layers
of privacy? And so here's where I'm going to try to educate people a little bit. And James, feel
free to correct me if I miss any of this, since you're much closer to the privacy protocol than I
am, is some coins have some privacy features. And so there's three to four main privacy features
that I'm aware of in cryptocurrencies.
One is some way to animize the sender.
And sometimes that's like mixing.
You know, Monero has these ring signatures.
Zcash and PIVX use the like ZK-SNARKs and whatnot.
That's one aspect of the privacy.
The second is the amounts.
Are the amounts that are being sent private?
There's a lot of privacy protocols on Bitcoin,
like PayJoin, CoinJoin, Stealth Addresses,
and they don't hide the amounts at all.
The transaction flow is obfuscated,
but the amounts are 100% in the clear.
And so having the amounts obfuscated is another nugget of that. And then the second is the recipient privacy. And that's usually a
form of stealth addresses, right? I think Zcash uses this. I'm assuming PIVX does as well.
Minera to a strong degree as well. And that protocol to a lesser degree does exist in Bitcoin but not widely adopted when you combine all three of those you have a what I would
then call a privacy coin right otherwise you have what I call like
privacy features that you know a coin might implement but I wouldn't cross
over to call this is a privacy coin is a privacy on there no I wouldn't call it
that and so once you have those I call a privacy coin. There's a privacy coin there. No, I wouldn't call it that. And so once you have those, I call it a privacy coin.
Now, granted, admittedly, James, I am one of the biggest proponents of privacy by default.
And I do agree it's good to have the option.
I tend to lean towards the option being the option to make transparent a private transaction.
Meaning, hey, this thing is private by default, but I can make it transparent. I can give up a view key, make my entire wallet transparent.
And I'm hoping that, that PIVX actually migrates into that direction where you have the ability
to be transparent with the transactions that are private by default. And I know that it's a long,
it can be a long road to get there. Zcash has talked about it for some
time. They're still not there. Monero was one of the few that just laid the hammer early on and
said, we're just going to do that, right? No more transparent mode. But I do think that fundamentally
all of the chains that have a private mode should make a concerted effort to getting to where that
is the default and there is no transparent
mode. There is though making private transactions transparent, giving up a view key. I know the
Zano team has worked on implementing a different type of view key. So give the audience a little
bit of insight. There's a view key in Monero, but it doesn't give you full insight into your
transactions, right? It lets you know what transactions are yours and it shows,
I believe, the incoming funds but not outgoing. I could have that reversed. It shows one,
not the other. So therefore, you can't see what the balance is of an address with a view
key. The Xano team has built the ability to have a full view key that gives you full transparency
if you expose it. And then as well, Monero has what's called a transaction key that gives you full transparency if you expose it and then as well Monero has what's
called a transaction key that lets you expose what address and what amount was sent for a very
specific for one transaction so those are the no pun intended but those are the keys to having the
transparency we need right but by making but making the default privacy, because then that increases the anonymity set
and increases the pool of anonymous transactions, which then improves the privacy for the actual
private transactions. So that I do think is the longer term goal that we want to get to.
But you need exchange listings and exchanges, don't want to go through the hurdle and whatnot.
don't want to go through the hurdle and whatnot. Um,
but we got to get there because I do feel like you just won't have enough of
the, uh, anonymity set when it's a fully,
like when the friction is to be private versus the friction is to be public.
Right. I'm hoping that private should be the non-friction public should be the
friction that you can then choose to, if you want to do so.
Yeah, I agree. Good point.
You know, one thing that i'll
touch on with that too is just that uh we'll say the private by default or transparent by default
is we'll just say ux design terms and everything because the way our stuff is all set up it's just
really just a click over from a tab into shielded versus transparent. So a lot of it is just trying to promote the easiness,
like you said, for an exchange listing
so that we have the access and usability there.
Once there is a more friendliness,
it could be a lot easier to simply focus those things versus the other
because it is really that simple for us
and a change to be just a UX design thing.
Speaking of UX design,
I want to give people a little nugget of what we did in some other
privacy protocols that also have like optional transparent versus non-transparent, which
was like Zcash.
We added support.
We actually initially did Zcash only in private mode.
You could not receive any transparent funds, period.
You could send a transparent address, but you couldn't receive into a transparent address. Once we integrated unified addresses, we added
transparent addresses. However, we auto shield them, meaning you cannot hold transparent
funds in Edge. As soon as it gets received in a transparent address, out of your control,
they automatically get shielded. And that ensures that there's a, what I would call,
like there's no time-based attack to know that,
hey, this person held transparent funds
for a certain amount of time, therefore that must be theirs.
It just instantly gets shielded.
You know, they never sit there.
So those are the kind of things that you could do at the UX,
at the UX level, at the user interface level,
although it's jumping through a few more hoops and people are a little bit weirded out.
Like, hey, I lost a little bit of a fee to shield it.
You know?
Yeah.
I sent you one, Zach.
Well, you received .99999, that kind of thing.
Right. you mentioned that also is that uh with our my pivx wallet that is a feature that we're working on breaking out as well for people to have the auto shielding deshielding so that they can uh
take care of their transactions whichever way just to add that additional privacy layer as well as
just to grow the usage maybe grow the familiarity to those things uh and yeah absolutely understand
the fee is something that's a little tough but uh we do something with uh some we have a with
our pivX Labs team.
They made something called PIVX Promos, right?
So actually we can load essentially a promo code for you.
And if you integrate the system, you could redeem PIV.
And it's just a wallet sweep, but we do a tied fee.
So we're kind of pushing that way and people should hopefully be okay with it
because it's already kind of baked into other things.
So maybe we can get that moving forward too for edge as well and people might not have
that barrier cool cool guys i'm here with paul puy from edge and james stewart from pivac if you
have any questions for these guys now is the time to hop in the chat and uh you kind of request uh
to be a speaker in the space or you could just drop a comment in one of the threads below.
And I'm scanning them as we're talking here.
And yeah, Anthony McConnell says, I want to get into crypto.
Is this really the best way?
Before I kick it over to these guys, what I would say, Anthony, is, yeah, number one, download Edge Wallet is the first thing.
And my look, here's the thing.
Crypto is not to me, it's not a get rich quick scheme.
It's a get free quick scheme.
I don't give financial advice, but I do give freedom advice.
And you want to reclaim your financial sovereignty.
The way to do that is one of the best ways to do that, in my opinion,
as I've been saying this for over a decade now,
is to become your own bank.
And the best tool in that regard is cryptocurrency.
And I really like privacy coins and coins that function as P2P eCash.
What does that mean?
It means that they have instant or close to instant
finality and very low transaction fees. And PIVX checks all of these boxes and they're a great fit
for Edge, which is the number one leading mobile wallet. So I would say, yes, this is one of the
best ways to get started. What do you guys think? How would you take that question from Anthony?
So one of the best ways to get started is definitely a multi-wallet.
In the case of like Edge, you want to have something that's easy to set up,
easy to use, something that's going to respect your privacy,
and then make it as simple as a couple clicks and you have everything done.
That's what I think most models' wallets should follow,
and that's the way you can get people that way.
Right.
Yeah,
it sounds great.
Thanks for the,
thanks for the kudos guys.
I'd say independent of obviously,
you know,
self-promoting edge,
I'd say best ways to buy enough where you now care about crypto,
but not so much that you sunk everything,
you know,
into crypto all at once.
That's kind of what I did.
I put,
you know, like 500 bucks at the time into Bitcoin,
but it then made me want to use it,
play with it and see and experience it.
To me, experiencing crypto
is one of the most important things,
not just holding it and looking at the price charts.
If you've never experienced a crypto transaction
to someone on the other side of the world, you haven't experienced crypto.
And so, sure, go install Edge.
And then find the person furthest away from you that has access to the internet and the mobile phone.
Have them install a wallet, even if it's not Edge, just to prove that there's the interoperability.
It's not like PayPal to PayPal, Venmo to Venmo.
This is crypto to crypto, Venmo to Venmo.
This is crypto to crypto, and anyone can build on this open protocol. So have someone install another wallet and then send them a little bit of PIVX and see
that it's fast, it's cheap, and that it settles in seconds to minutes.
That, to me, was the eye-opening thing that made me that made me go wow i want to be a part of this
industry there's something hugely valuable about this uh this will change the world and then you
start sinking in money because you believe in it you believe in the vision you believe in what it's
going to bring and you believe that it will go up in value because people will demand to actually
be able to use crypto that to me is a great way to get started that you know there's some a part
of there's a little bit of education you need, which is just, okay, what's the basic way
to acquire it and send and receive it?
Then you just got to do it.
It's kind of like going to chemistry class.
You can't just read the book
and listen to the professor for hours on end.
You got to go to the lab.
You got to go to the lab, get your hands dirty,
use test tubes and whatnot.
That's what I think is so fun about crypto.
It's not just, well, I'll just look at it, look at a price, you can actually use it. And then you
can start diving into more advanced things such as staking and earning yield and defi, taking out
loans. They're the playground and the toys are infinite. They're just never ending.
Okay. All right. Before we wrap up, I have one more question I want to hit you guys with,
and then I'm through my whole list here. We blew through these questions. You guys killed it.
All right. Last question. This is for Edge and for PIVX. You're talking to, let's say,
somebody's skeptical. What's the one killer feature you would try to let them know about to sell them on edge paul and on pivx james
what do you what's what's the one feature that that you're you're really proud of and you want
to drive home here sorry i was muted there on the twitter space there so one big feature that i want
to drive home for pivx is just the general fact that our new mobile wallet that we're trying to integrate with everything is the ultimate ease for starting off for somebody.
You know, if you're skeptical and you want to see how everything works, this mobile wallet can do everything that PIVX can do on your phone, on any browser.
I mean, it can even go on your Tesla browser in your car.
So that's one of the things that, you know, we tried to bring out there. And that's something
that I would definitely want, you know, if you're skeptical, come try it out, check this technology,
right? Yeah. Yeah. I think for me, the skeptical means what I'd have to ask, like, well, what
exactly are you skeptical about? And I'm going to just preface with what most people are skeptical about.
Ironically, the people that are skeptical of us are the people that have been in crypto, not the noobs.
The noobs are the ones that like,
okay, this actually feels like a normal financial app
that I've used, feels like a Venmo and PayPal.
They're not the skeptical ones.
So for those that are skeptical about edge,
it's because it's,
it doesn't, we don't throw you in the fire of doing your own key management and writing down
these seed phrases and make sure you put it in the right place. And so the quote unquote feature,
you know, it's not so much a feature, but just proof that you, you do have self custody and
that you do have control of your funds, you know, it'd be, you know,
try to actually go into airplane mode and then unlock your wallet and then look at your keys to prove that yes, even though it looks like an account, it's just keys on your phone, right? I
do this all the time. Go into airplane mode, biometric login, password login,
and then go and view your private key. And if you happen to have the ability to set up,
you know, aFi like us,
like an edgeless Wi-Fi, you can block all our domains.
We have edgesecure.co and edge.app and airbits.co.
Block them on your Wi-Fi and then see what you can do with the app.
See how you can actually log in.
You can actually see your balances, see transactions come in, and send out funds, all with our entire infrastructure
blocked. So those are the skeptical people are always skeptical of us because we don't look like
a traditional crypto wallet. And so those are the people that I want to address, not the noobs. The
noobs tend to be less skeptical of us, actually. You know, that's kind of ironic because I feel like, you know, all of my old school OG crypto
people, all my old friends from crypto from, you know, 12 years ago, they all love Edge.
Oh, yeah. Because, well, it's the ones that know of us from way back. But the people that don't
know of us or maybe a bit newer, but like, say, three years into it and they they listen to the rhetoric
of like you've got to see your seed you've got to write it down like always that's the number one
thing blah blah then yeah they're going to be skeptical of us they're the ones that have been
encrypted long enough that's sort of just a misunderstanding though like that's just they
just don't understand how edge operates because yeah you can still access all of those all the
information it's just no that's encrypted on on the user side with exactly the password which is a great
idea which is the way it should be frankly yeah and so and and so since they're not used to it
they have a misunderstanding they then have the skepticism and so that's the skepticism that i
would address first and foremost if i had to pick one. That's a good point. Don't trust. Verify.
Yeah, go take a look at the code.
Verify. Go check me out.
I've been in space since 2014, speaking
at conferences for now over 10 years.
I've been very, very public, and so
is our code.
Check it out. Do your due diligence.
Not to
inflate your ego here, but
Paul is from the original airbits wallet
which was innovative what 10 years ago 11 years ago right i mean the nfc thing was so cool i
remember that like back in the day like oh my god like you can do this like it's tap to pay before
apple pay really let you do it that's what i mean when i say like leading the industry that's what
i'm talking about so again guys dl.edge.app forward slash sell.
Download the Edge wallet.
Try PIVX.
Join the communities on X.
I'm assuming there's a Telegram community or a Discord, James.
Is that accurate?
Why don't you just run down the ways people can get involved in the PIVX community?
Yeah, so you can definitely check out our website.
We have a forum, forum.pivx.org, discord.pivx.org for our Discord.
Telegram, you'll have to reach out for a link.
We don't have any more.
That one's saved up.
But there's plenty of ways that you can reach out as well as contribute.
Our GitHub is open source.
It's called the PIVX Project on GitHub.
If there's anything else, just reach out. All right. And the official account is at PIVX on
X and at Edge Wallet. Anything you guys want to say before we close it down here?
Our contact, even though, yeah, at Edge Wallet on X, I'd say just go to edge.app. That is the number one easy, simple, short URL to go to find all things Edge.
You can obviously get access to our white paper, describe our technical architecture, links to our GitHub, links to our X account, our Instagram.
You know, my LinkedIn is even on there.
And so that's the only thing to remember to find Edge and what we're up to is edge.app.
All right, guys.
I'm Sal Mayweather. And this is what we're up to is edge.app. All right, guys. I'm Sal Mayweather
and this is what we
do. We try to link
the best privacy
tools available for you guys so that
you guys know as much about it as possible.
You can also follow me, of course. I'm at
sallymayweather. I'm on Instagram
at sal.the.agorist
and Snapchat at salmayweather.
This was great.
Let's do this again sometime soon.
Maybe we can...
It would be cool, Paul,
if we got all the privacy guys together at once.
Maybe it was James and Ruben
and Andre and yourself.
Let's do it.
We can actually even get...
We're looking at NIM,
which is not privacy coin,
but privacy, network-level privacy layer.
It's just fees.
Like a meeting of the minds.
Like the commission in the mafia.
Sounds like a plan.
Bring all the families together.
Just let us know.
Cool, cool.
All right.
Thanks, everybody.
I appreciate you guys.
Thank you so much.
Cheers.
All right, guys.
Adios.
