The eighteenth episode of the ARK Crypto Podcast is here! This week we talk about eight things that helped me during the bear market.
For more episodes & insight into all things ARK, follow us on facebook, twitter& instagram or subscribe with your favorite podcast app. We are currently live on Soundcloud, iTunes, Stitcher, Google Play Music, and Spotify. As always, thanks for listening!
This episode is hosted by Justin Renken.
The sixteenth episode of the ARK Crypto Podcast is here! This week the podcast is becoming more interactive, by launching community-sourced questions discussed here on the podcast. My ARK Community Committee has been busy and is launching its second project on December 2nd, “30 Days of ARK” on the ARK Subreddit. Not only that, but this week marks the first external interview for another project here on the podcast! This concept is cool because it will start to merge other communities with ARK where new listeners will be exposed to ARK and its potential to impact the world. We kick it off with Dionna from Nexus (nexusearth.com/), interviewed at World Crypto Con in Las Vegas on the turn of November.
For more episodes & insight into all things ARK, follow us on facebook, twitter& instagram or subscribe with your favorite podcast app. We are currently live on Soundcloud, iTunes, Stitcher, Google Play Music, and Spotify. As always, thanks for listening!
This episode is hosted by Justin Renken.
Episode #014 – Justin Renken on the Main Stage Interoperability Panel at World Crypto Con 2018 Las Vegas Nov 2, 2018
The fourteenth episode of the ARK Crypto Podcast is here! This week, we jump directly into the full-length recording of the Interoperability Panel which took place on the main stage of the World Crypto Con show in Las Vegas on November 2, 2018. It featured a nice host and cool co-panelists, and it was a pleasure to be a part of it.
For more episodes & insight into all things ARK, follow us on facebook, twitter& instagram or subscribe with your favorite podcast app. We are currently live on Soundcloud, iTunes, Stitcher, Google Play Music, and Spotify. As always, thanks for listening!
This episode is hosted by Justin Renken.
Cheers and Enjoy!
Justin: Hello crypto land, I’m Justin. It’s Friday, and this is the ARK Crypto Podcast, Episode 14.
Justin: Well, this week we have no time for pleasantries because we have a full-length interoperability discussion to get to, featuring yours truly. This recording comes to you straight from the World Crypto Con Conference in Las Vegas, at the ARIA Casino Resort, during the turn of November. This recording was provided courtesy of tech and design firm, Nice Spaceship. Nice. That’s just something I like to say, isn’t it.
Justin: Now that I think about it, I think this is the first time that someone from ARK is on a panel similar to this, on a stage, on video with multiple people up there. Let me tell you, it is harrowing and terrifying, but exhilarating. I want to give a special thanks to Ken Hodler for inviting ARK to be on this panel. Enjoy.
Speaker 1: Excellent. Thank you very much for waiting. First of all, before we start with our panel, just gonna introduce our moderator for the panel. He’s gonna talk a little bit about what they are going to discuss right in front of your very, very eyes and ears. Please, warm welcome for Ken Hodler.
Ken Hodler: Hi, everyone. Thanks. What we’re here to talk about, we’re gonna talk a little bit about interoperability, a little bit about DEXs, a little about autonomous swaps. Those are the two main use cases right now for interoperability between blockchains. But then eventually we’re gonna tie that all back to how do we drive adoption.
Ken Hodler: Who we have here, this is David from Latium.
David: That’s right.
Ken Hodler: Then we have Paul Puey from Edge Wallet, and Justin from ARK.io.
Ken Hodler: Do you guys want to give a brief introduction to yourself and what your companies do?
David: Sure. I’m David Johnson. I’m CEO of a company called Latium. Our goal is to help out mass adoption. Just trying to make things easy for the everyday person to be able to gain access, and use crypto, and grow the space.
Ken Hodler: All right, [inaudible 00:02:19]. Paul.
Paul Puey: Hi, my name is Paul Puey. I’m co-founder of Edge. We deploy a mobile wallet and a security platform for various dapps. We have a similar goal, of course. I think most people here want to achieve mass adoption. Our goal, however, is driven by trying to make key management very familiar, if not invisible. Removing the need to ever see or have to back up a private key in the wallet infrastructure, but making sure that in the process of doing that, people still achieve one of the primary goals of cryptocurrency, which is that they own and control their own money without a third party.
Ken Hodler: Great, and Justin.
Justin: Sure. My name is Justin with ARK.io. What we do is deploy and empower everyone to deploy fully customizable and endlessly powerful blockchain solutions without much programming knowledge needed. We feel that with mass adoption, that needs to include everyone of all different skill sets and walks of life. If they have a need for a need for a blockchain, and not everybody will need a blockchain, but if they do, they should be able to harness that power with as little barrier to entry as possible.
Ken Hodler: Paul, let me ask you a question. I want to get to some of the more automated blockchain interactions that are being built right now, that are being developed right now. We’re gonna talk about DEX and autonomous swaps a little bit. But right now, your wallet actually does some blockchain interaction by being able to exchange currencies. Can you talk a little bit about how that works?
Paul Puey: Yeah. A lot of people are familiar with exchanges in general. Deposit some money, go ahead and buy some cryptocurrency, or swap what you’ve deposited from one cryptocurrency to another, with the advent of what ShapeShift revolutionized, which is the ability to exchange crypto from blockchain to blockchain without a lot of custodial access. I say not a lot of, meaning that funds still flow through them, but you don’t ever have them sitting there for any duration of time. Our product Edge, our mobile wallet, does allow people to transact between different blockchains, or to convert cryptocurrency between any of the over a dozen blockchains that are supported without that custodial risk.
Paul Puey: Now we realize that this creates a bit of a blockchain interoperability. It doesn’t achieve what I call the hundred percent of you’re going through zero third parties, but really in the strive to achieve some of the goals of blockchain or cryptocurrency, I always ask the question of, for a project, what is its goal? What is it trying to achieve? Less of, are you decentralized? More as, what are you trying to achieve? From the goal of trying to remove custodial risk, these solutions have really gone a long, long way. They’ve removed a lot of that custodial risk. It’s nice to be able to use a non-custodial wallet, and go from one crypto to anther without that risk.
Paul Puey: Now we’re seeing multiple services like them being offered, which not only reduces some of that risk to one single party, but also gives you a broader selection. Decentralizing, not just the company, but also the options that are available, more coins that are available, as well as just the uptime. Part of decentralization’s goal is providing better uptime, and fault tolerance. By having multiple services, we are able to achieve that while achieving that goal of being able to go from one blockchain to another, to another pretty easily through these types of services. Hats of to ShapeShift. While they’re not the only one, they’re definitely one of the first and original idea.
Ken Hodler: Cool. We describe that as being version one of blockchain interoperability. Let’s talk a little bit about version two, what’s that gonna look like. One of the things that a lot of people are talking about are the DEXs. I wanted to ask you, David, to talk a little bit about … I’m not real clear on how the DEXs actually work, but I know that they’re hard to get right. I wanted to ask you if you would talk a little bit about what some of the challenges are there.
David: It’s very similar to a lot of things with blockchain. You have scalability issues, you have latency issues. But I think the biggest thing that we’re facing right now with DEXs, and one of the reasons that I don’t think you’re getting a lot of adoption into DEXs is because they’re just not that easy to use. The usability is definitely a factor when you have somebody who has to connect multiple components to make something work.
David: There’s a amount of people that will do that, but I totally agree with what Paul is doing, in trying to make that as invisible as possible. I think DEXs currently don’t do a good job of making any of the technicality involved invisible. It’s all upfront and you have to understand that, and be able to deal with it in order to use a DEX.
David: I think once we get to a place where we’re making that invisible, we can actually start getting adoption. Because the idea behind DEX, of removing a third party as a custodian is a great idea. It’s revolutionary. But people aren’t gonna use that until they could figure out how to use it in five minutes.
Ken Hodler: But do you believe that those are things that can be overcome, that usability?
David: Certainly. I think that’s one of the beautiful things about blockchain, is that it gives us this ability to create these environments where we don’t need to trust anymore. But I believe that the timelines, it’s gonna take us a very long time to get there with a lot of things ’cause we’re still early on. Very early on, in my opinion.
Ken Hodler: Yeah, true.
Paul Puey: With respect to DEXs, I think there are … If I had to bucket them into a few of the reasons why we’re having challenges in driving adoption, it falls into two or three categories. Number one, all of the DEXs, there are dapps. DEX, for those that are new, stands for decentralized exchange. How decentralized they are, hard to say, but that’s what it stands for.
Paul Puey: By being a decentralized exchange you effectively are a wallet. For the people that they currently appeal to would be the traders because the process of how you place an order. If anybody has used what I would call, more like a store, or like a ShapeShift, where you’re paying money to receive something else, it’s a fairly simple user experience. You definitely felt this with a Coinbase product where I send you some dollars, you send me some Bitcoin.
Paul Puey: Realize that DEXs currently are targeted less for that kind of user experience and more of the trader’s experience, which means that instead of me saying, “Here’s $100. Give me $100 of Bitcoin.” Instead, it’s you place an order, “I would like to place $100 down or some crypto, and I want to buy it at a certain price,” and it sits there waiting for someone else to claim the order. Or as somebody that enters the DEX, you might be somebody that claims that order. Now that’s a very popular interface for people that are used to trading on something like E-Trade.
Paul Puey: This is where you look at the difference between a really end consumer that’s not a trader, that just wants to buy something at a store, versus someone who’s a trader who places market orders and limit orders. A lot of the DEXs are, by necessity due to the technology, cater to the trader-like interface where you have to place and grab an order. That being one of the challenges.
Paul Puey: Then second to that, because they’re all DEXs, and they’re all wallets in it of themselves, they also run into the challenge of key management. If you look at most traders in the industry, most of them just want to deposit something into a completely centralized exchange and place really fancy complex orders with bots that do almost everything. They don’t know a thing about keys. The people that care about the keys are the ones that are more utilitarian. We actually want to use cryptocurrency, or have an ideological point of view of saying, “I want to hold my own money.”
Justin: Your keys, your coins.
Paul Puey: Your keys, your coins. You have a product whose UX is tailored to people that prefer a completely different product. What do we have to do to bring all that together? How do we make these in a way that DEX is blockchain interoperability? What are the challenges there, will make it feel more like a centralized exchange, make it fast, it’s another issue, and appeal to the traders? Or go in the opposite direction and provide an interface where it’s I send you one currency and just give me back the other, and hide all the complexities of orders, stop-limit orders, market orders. Just here’s the money, return something back.
Justin: Well you know Paul, you bring up a lot of really good points, and ask a lot of very interesting questions that should be asked about DEXs. What’s interesting is that ARK has been in the game for a while. Our mainnet went live March 21st, 2017. It was incepted late 2016.
Justin: One of our earliest partners that we partnered with, ’cause we love to partner with other projects and help them succeed, and everything, let them use our code base and stuff, is Blockport, which is an exchange that’s coming out, and they’re in beta right now. Where they’re actually offering a hybrid model where it’s a decentralized and centralized exchange both, and they’re giving users the power to decide what they want to do.
Justin: Now what they’re also doing is they’re acting as tendrils to other exchanges to provide the liquidity. They don’t need to necessarily rely on market makers, or get all of the users all at once, they can utilize other exchanges to get things going, and then as the decentralize aspect starts to pick up steam, and people are using that as well, then they can just tab right on over to that aspect of it.
Justin: Not only that, but it’s a social trading platform too. You can follow your favorite traders and copy their trades. It’s a really easy way …
Justin: Your favorite traders and copy their trades. It’s a really easy way to learn about how trading works and how to get your hands on different tokens that you may need for different uses. Of course, ARK is very attracted to elegant user interfaces and a very seamless experience when you’re trying to use crypto and blockchain technology. Blockport does an amazing job at that which is one of the reasons we were originally interested in partnering up with them so very relevant to what we’re talking about right here.
Paul: So we’ve talked a lot about moving assets across chains, are there other use cases that, with an eye toward driving an option of this technology, are there other use cases, and a lot of it comes back to you know we’ve all talked about some of the ideals of blockchains and cryptocurrency in general. Are there killer apps that are out there that aren’t necessarily related to the transaction of funds that will help to drive that option in terms of the blockchains or the interoperability stuff? Or just in general?
Justin: Killer apps? It’s a bit subjective like even if there are unicorns out there today it’s a bit difficult to tell if they are and who they are but that being said there should be a way to kind of make an educated guess at something that’s going to get really popular. Right now we know that there aren’t millions of users using blockchains right now. However, to make it as easy as possible it’s going to make it more inviting. For example, there are a lot of services that may not have anything to do with blockchains that get people really interested in the crypto because at ARK we really want it to be as seamless and in the background as possible.
Justin: When you are interacting with a blockchain it’s making sense to you and making you feel confident in using the technology. We use what’s called a delegated proof of stake consensus algorithm and we have fifty-one delegates that run the network and users vote for delegates with their wallets and their wallets have ARK in them that have weight. It’s one ARK, one vote so it’s a very fair and balanced governing system. I bring that up to say that the delegates also deploy valuable community services that help ARK users and act as outreach programs to get new people involved in crypto and let them be exposed to the technology in a way that’s comfortable for them.
Justin: For example, one of the delegates, and this is just an example I’m not recommending that you vote for this specific delegate but, there’s a delegate called delegate fun. Delegate fun wants to build easy to play and fun cryptocurrency games. Just games you can play on your phone or your desktop, you can win ARK every day. The users like that service that Fun is providing and so they vote for Fun. If one of these delegates that is forging new ARK were to create a type of killer app then it would be very easy for users to get involved with that and experience that in a way that makes sense for them.
Speaker 2: As far as my thoughts on it I think we’re very early on and there’s a lot of companies that are focusing still on protocols, base level concepts of what blockchains will be in the future, wallets, and trading and exchanges. I don’t know that there’s a lot of people that are really targeting applications, I’m not saying there aren’t any, but I would say this probably the smaller part of the industry at this point and that’s one of the reasons you’re not seeing a lot of killer apps. I’d also say that DAPs, usability on DAPs, the biggest DAP has got five thousand users.
Speaker 2: So the question is, is the problem with way DAPs are operating or is there a problem with the methodologies of which they’re trying to deploy that’s hampering usage? I think the usage issue comes down to latency and the fact that the apps are just not as clean and not as easy to use as something that’s centralized today. Obviously, long term goal is to fix that but that’s where we are right now.
Paul: What are some of the things we need to do in order to get there?
Speaker 2: Scalability definitely part of it. I also think that we kind of have to move away from the idea this religious concept that everything needs to be hosted on the blockchain. I think we can come back to that once infrastructure’s in place. I think that there’s a place for blockchain but hosting front end UI on a blockchain today I just don’t know how that works. I think that there’s pretty big issues with that. That’s my opinion on it.
Paul: The talk about DAPS and the biggest DAP only having five thousand users, I’d like to kind of put a little bit of perspective on the definition of a DAP. So a lot of people think of DAPS and the smart contracts being like an app you download that then accesses the blockchain and usually it’s a smart[inaudible 00:17:03] that does some fancy transactions on the blockchain.
Paul: Those fancy transaction if you simplify them could do nothing more than send and receive money. In essence, every single wallet is a DAP. It just does something very simple in that it just sends and receives money but that is interacting with a blockchain. Every DAP effectively is a wallet and then it has to talk to a blockchain and do some kind of operation and has keys that it manages. In that sense, if you think about the DAPS that have the most amount of users, the wallets have millions. So something more complicated than sending and receiving money doesn’t have as many users that’s kind of true in our regular world too.
Paul: In our regular world, sending and receiving money has the most amount of users and we have an exponentially smaller amount of users that do something more fancy with money such as other financial instruments such as trading which would be like a DEX or insurance. All those are much smaller user cases and that’s how I see DAPS. Playing their role in cryptocurrency is that first foundational layer is sending money, that’s what kind of wallet are, and everything on top of that is financial services on top of them. Now you asked a question of are we going to have something that’s not just payments, not just money. I think at it’s heart blockchains are meant to transfer value.
Paul: Whether you think value is money or it’s a signature in a document and proof of existence that’s just dependent on the sender receiver but in the end if you’re trying to build something that doesn’t transfer value, the blockchain is the wrong thing for you and I think ninety percent of the garbage projects we saw throughout last year and part of this year were doing that. Thinking that blockchains were the thing to fix all the problems in tech when they’re not. They’re meant to transfer value and do it without the middle man. I’m excited about what it can bring. I think payments is the first and foremost foundational piece that you need to have happen and then build financial infrastructure on top of that.
Paul: You mentioned UX issues that come about, one of those things that comes up in conversation, we were talking about a little earlier is kind of the Venmo experience. Like I want to build a punch in the name and send to somebody and right now you can’t do that in crypto. There is a product that’s still in stealth that you should hear about pretty soon within the next month that has the backing of five or six of the largest wallets and one of the biggest exchanges in the world that when they go live it will allow you to register basically name resolution between any different blockchain to send money to a name dot.
Justin: So one single name for all of the blockchain instead of this big long random number
Paul: Instead of the big long random number which is your public address you’ll be able to optionally if you choose register a or multiple public address for multiple different chains that you opt to receive money and register that under a name and a domain and every wallet may have a domain you can make a domain yourself.
Speaker 2: Like DNS.
Paul: It’s basically like a DNS except that it’s agnostic of DNS providers meaning there is no DNS provider, it does use a blockchain to host the names. As well, it will allow wallets and exchanges to transact with metadata that sits separate from that chain so I can say, “Hey, this was for dinner, kind of like the Venmo experience.” That gets encrypted and channeled through a separate chain then the ethereum you sent or the bitcoin that you sent. So we can really get this experience of both sending a request of payment, sending an actual payment and eliminate a lot of that complexity of public addresses and how do I know that’s you that I’m sending to. So from the viewpoint of interoperability I think this one is a pretty key piece. We’ve had these proposals in the past but this is one that’s finally gotten a least pre-adoption by a lot of the big companies.
Justin: Well that sound really interesting and you brought up protocol agnostic solutions, you brought up connecting all the blockchains or having access to a singular destination for multiple blockchains, make it easy. ARK has what is called the ACES protocol which stands for Ark Contract Execution Services. Actually quite apt because ARK recently sponsored the WCC Poker Tournament that I was in a couple days ago but I got eliminated along with Phil Hellmuth, I don’t want to talk about it. The ACES protocol allows you to use the ARK mainnet token to utilize other use cases on other chains without holding those tokens. ARK has been in the game for a while, more than a couple years which puts us in OG status for blockchains.
Paul: Well that’s interesting I haven’t heard of that. You said you’re able to utilize functionality from another blockchain with a non-native token?
Justin: That’s correct.
Paul: How does that work?
Justin: Well ACES is a community protocol it’s getting worked on for a while now and ACES has successfully established two way transfers between bitcoin, ethereum and litecoin with more on the way. For example, you can trigger an ethereum smart contract without every holding or using the ethereum token at all. What that means is when ARK was a baby chain they really had that vision of ‘we need to connect all the blockchains’, because why bother, it’s bad enough that we have like five hundred apps on our phone and we have to press this app to do this and like, these apps maybe kind of talking, don’t really, but you can sign in with Facebook on multiple apps but with blockchains it adds a completely new layer of complexity. Now you have to deal with a lot of tokens and endeavors like Edge are trying to help with that solution.
Justin: With ARK ACES protocol, let’s say for example, you want to upload a document to the Factum blockchain and you don’t want to deal with the Factum wallet or anything like that. You only need to upload one document, one time. It’s not like your using it every day so you can utilize the ACES protocol to communicate with what we call the ACES node which kind of acts like a business whose job it is to carry out tasks for you. You can tell the ACES node, here I have some ARK please upload this document for me, this is what it is, this is where it is. The ACES node charges you a fee for that and gets the job done. What’s beautiful is that it’s a free market situation so there’s no single point of failure and different endeavors can compete with each to benefit the overall end user.
Justin: Not only that, but if you had multiple blockchains that need to talk to each other then the fee structure and everything is independent so if there’s a lot of interoperability happening between ARK and blockchain A, the fees of interoperability between ARK and blockchain B won’t go up and that keep it fair for everybody.
Paul: Okay, interesting. A little bit of what you described there it’s real similar to the problem of getting off chain data into a chain.
Justin: Oracle, the oracle problem. In a way that’s like-
Ken: … Oracle. The Oracle problem, in a way that decentralized and secure, and so forth. And, there are some, currently some solutions that do that in a way that requires trust. What are some of the things that we need to do? Are any of you guys working on this idea that there’s data outside of the block chain that is important data to the block chain?
Justin: Well, it’s interesting that you ask. I’ll just be brief.
Justin: ARK is very extensible, and we have well over a dozen SDK’s and different programming languages including C and C + + that you can utilize in to interact with ARK. So, if you have a node, and you’re running a delegate node, it doesn’t have to be a forging delegate node, but you can plug things in on your block chain that you’re deploying on your own, and communicate with outside services. Now, whether or not you need a network to validate the authenticity of that data, and have multiple sources confirming the same data, to make sure that it’s authentic, that is up to you when you’re deploying that. But, ARK has a lot of inputs and outputs, ports, plug-ins, it’s a very modular structure, and we’re releasing a new Core, CORE v2 we call it, within in the next coming weeks, that will give developers a lot more power and the network will be a lot more stable because we’re redesigning all the code from scratch.
Paul: Cool. So, with respect to interfacing with the real world, I’m glad you brought that up, Ken. So we talk a lot about block chain interoperability, and people forget … I’m surprised how many people I talk to that don’t realize that a block chain cannot talk outside of it’s own chain. It can’t read data from outside of it’s own chain, and it can’t write data to outside of the chain. So, that is actually one of the challenges in trying to interoperate two block chains, is that they have to communicate through the regular internet. So, how-
Ken: Or some other mechanism, right?
Paul: What’s that?
Ken: Or some other mechanism. It might be through, you know, it might be you and I having a conversation, right.
Paul: True, but eventually we have to write that to a block chain. A block chain does operate on the internet. But, that is one thing that, fundamentally, I think many projects don’t even realize. They say that I’m gonna write a block chain. It’s gonna do this. It’s gonna do that. It’s gonna read these documents. I’m like, “Where are those?” Oh, they’re on my server at Amazon. Do you know it can’t actually get to those. Right? And then, after it has access to them, then it’s gonna make these payments. I go, “What, Crypto?” No, like Visa, MasterCard. But, do you know, it can’t access that either. And so, people are forgetting the limitations of a block chain, and one of those is it simply cannot access anything outside of it’s own chain.
Paul: So, what do we do to try to alleviate that? We have to build a connector. There has to be someone, something, that says, “Oh, I see this data on the chain, I’m gonna do something outside the chain.” Whatever that is. Whether that’s make a Visa, MasterCard meme, write a document, anything, or vice versa, I see something in the real world, and I’m gonna put that into the block chain for a smart contract to process. That’s one of the biggest reasons why we have the concept of what you’d mention is oracles. And if you look at any, what I call decent to good, DAP project, the number one use of a token is specifically to build an oracle for that DAP.
Paul: So, I use an example of a well standing, one of the first DAP projects on the market, which was Augur. And they have a token, but what exactly is that token doing? It is building up interoperability between the real world and the block chain. By building a token, they give people the power to stake the truth. They have people now that own that token, say, okay, I’m gonna stake this, and here’s what the truth is. I believe so and so won the Superbowl, and if a lot of people, more than 51% of the people with tokens, say the same thing, then I am both rewarded, but, I also don’t lose money. If I say the wrong thing, and I’m in the minority of that group, then I lose money. It’s equivalent to mining. So, it’s almost like every single one of these DAP’s has a mini mining protocol built into it.
Paul: And, that’s actually the biggest use of these tokens, because you can’t do that with the main coin, you can’t do that with Ethereum and have people stake Ethereum. The reason being is that, the reason why you don’t lie is because you have tokens and you don’t want them to tank. If I staked an Augur rep token, and I have a whole bunch of them, so much so that I can influence the market, and make an incorrect call. Like, I’m gonna say that Hillary won the election, even though she didn’t, because I have so much of this coin that I can do that. Well, what happens to the value of the coin that I have a lot of? I’ll tank it. No one’s gonna want to use that network.
Paul: And so, this effectively is what ties the real world to the block chain, is the mechanism by which people, many ideally, many people, anyone that want’s to participate, buys and stakes these coins. It is, kind of, a proof of stake, built right into a DAP. So, this is one of the keyest, keyest, most key pieces of interoperability, and I think that’s what people should be looking for in some of these DAP projects versus one that just says, “I’m the one that writes the data of the block chain.” “My company, or my 10 people write the data of a block chain.”
Paul: So, trying to achieve some of that distributed nature in determining [crosstalk 00:29:25].
Ken: Well, that’s what makes a block chain work. I mean, it really almost can’t work without some sort of a value token. Right? And so, what you’re describing as extending that into data coming in from the outside world.
Paul: Correct. Exactly. I mean, that’s kind of what miners are effectively doing is, the data from the outside world is, yes, does this person really have the ability to write this transaction, and miners are staking as well. What they’re staking is electricity. They’re staking electricity and saying, “Yes, these transactions actually are valid.” And, if they’re wrong, they lose money. Same thing in a DAP. People stake tokens and say that this is the truth.
Ken: So, David, is Latnum, or Latium, I’m sorry, are you guys doing anything around interoperability?
David: Well, we’re really not at this point. We’re more of a mass adoption platform. I mean, we’re a multi-currency wallet. That’s about as close as we get. I’m actually very interested in what Paul’s doing and having conversations about how we can integrate those platforms together. Because, I definitely see the value of putting everything on a chain. I have concerns about where we are with scalability, and maturity as far as the block chain goes itself. We’re growing at a rate of a thousand to three thousand users a day. I don’t want to be in a situation where I can’t operate because of scale issues.
Ken: And, we’ve already seen that happen.
David: And, it will happen again.
Ken: We had it happy because of kitties.
Paul: A cat.
David: [crosstalk 00:30:59] and a coin. Plenty of times its happened.
Ken: Okay. Well, so we’ve got a couple minutes left. So, I just wanted to give everybody a minute if you guys wanna take a minute to do a closing argument. Justin you want to start?
Justin: So, closing argument, I argue that block chains are great. I don’t think that can be argued. But, ARK has a lot of exciting things going on in the future, near future, two, four. We’re looking at, of course, the ARK v2 code base that I mentioned earlier, and it may be sometime within the next few weeks to the end of the year that that will be ready. And, also, the white paper will be revamped to support our new features and powers. And, I also, in response to David, gave a talk at the Seattle Northwest Block Chain Conference about mass adoption. That went really well, and you can watch that on our YouTube channel. And, I really like Paul and David’s comments today. I’m really appreciative to be here, and thank you so much for having me on.
Ken: Yeah. Thanks for being here.
David: Closing argument, I would say that, one of the challenges in Cryptography technology as a whole, is that I think a lot of people in cryptography, even pre-crypto currency, are pretty strong purist. They literally try to find the absolutes and try to find the perfect solution. One of the biggest reasons why PGP, which was in an encrypted email platform, never got mass adoption is because they all just argued and bickered about, well, how do we transmit key and know that it’s yours, blah, blah, blah, as opposed to realizing what’s good enough. And so, in the same sense with a lot of some of the interoperability projects and the Dex’s, some projects are gonna get criticized because, well, maybe this one, even though it doesn’t hold any money, and transacts on a block chain to move money between one block chain and another, they may require some aspect of KYC, or an account, or what not.
David: But, they may have at least achieved a goal. And so, the thing to leave with, and understanding some of these tools, they may be criticized because they’re not absolutely perfect. But, realize where the benefit is, in what they’ve built versus what we currently have today in some of the more very, very centralized solutions, and appreciate it for that, and use what they’re building for a lot of the goals that they have achieved. ‘Cause I think that too many projects that should see the light of day, get criticized by the purist and maximalist.
Ken: Well, and anything we build today, we can change tomorrow, too.
Ken: As we learn more.
Paul: Yeah, I would say that as an industry, totally agree there’s definitely the purist mentality, and I think one of the reasons that adoption is not growing at the rate it could is because of that. To me, you have a clear pendulum of security and convenience, and we live in a society that’s very, very far to the right on that, as far as leaning towards convenience. Block chains very much leaning security. So, I think we have to bridge that gap between those two things. And, in order for that to work, it’s gonna take some crossover from purist because there’s going to be a level of people that will never, ever use something that’s complex. I mean, most people don’t realize, you have 10% of the United States is under an 82 IQ. They can’t even get into the Army.
Paul: So, we’re asking them to figure out how to work with hashes and strings and hundred gigabyte files, I mean, it’s too much to ask.
Ken: Okay. Well, thank you everyone. I appreciate you guys were here. We’re out of time. And, thanks to Justin, and Paul, and David for joining me.
Paul: You’re very welcome.
Justin: Thank you.
David: Thanks for having us.
Justin: Alright. That’s gonna do it for this episode of the ARK Crypto podcast. Hope you enjoyed it. Tune in next week for podcast episode #14.
Justin: You can subscribe on iTunes, Google Play, Sound Cloud, Stitcher, Spotify, and Cast Box. You can also check out our website at thearkcryptopodcast.com, where you can stream direct and read transcripts of all of our episodes.
Justin: Not only that, but you can follow us on Twitter, and stream directly inside of our Tweets. How cool is that?
Justin: We’ll see you next time.
Episode 013 – Travis Walker On The Cast Talking WCC Poker Tournament Oct 31, Ark v2 & 2.1, Aces & More
The thirteenth episode of the ARK Crypto Podcast is here! Travis and I shoot the breeze in Las Vegas at the World Crypto Con show at Aria Casino Resort. You’ll hear all the details on what went down at the WCC Poker Tournament at the Aria PokerGO Studio, hosted by poker legend Phil Hellmuth with audio inside the podcast! The clips are courtesy of tech and design studio Nice Spaceship (NiceSpaceship.com), who was gracious enough to provide the files. Travis and I also take another dip into ARK v2 in a live interview second to Matthew DC’s you heard in the seventh episode.
This episode is hosted by Justin Renken.
Cheers and Enjoy!
Justin Renken: Hello, Cryptoland. I’m Justin. It’s Friday, and this is the ARK Crypto Podcast, episode 13. Wow. All I can say is wow. What an ARK adventure to be had this year at the World Crypto Con 2018 in Las Vegas at the ARIA Casino Resort. The three-day conference was jam-packed with speakers, exhibits, and crypto personalities like Brock Pierce and Charlie Lee. This year also marks the first crypto buy-in live poker tournament at a major casino. The WCC Poker Tournament at the PokerGO Studio at ARIA. The host of this iconic inaugural tournament was poker legend Phil Hellmuth, and the tournament also benefited charity. You’ll hear Phil’s commentary on the podcast today. The audio clips you’ll hear today are graciously provided by tech and design firm, Nice Spaceship, who had a big hand in making World Crypto Con exciting and memorable. I’d like to give a special thanks to Nice Spaceship, because I saw their team throughout the conference, and I saw nothing but professionalism and courtesy, so again, thank you very much for these clips.
Justin Renken: Well, ARK CMO, Travis Walker, and I, both hit the show and participated in that tournament, and we’ve got all the juicy details today with Travis here on the cast. So yeah, we’re gonna talk poker, but we’re also gonna talk ARK V2 with the pending hardcore protocol update happening any day now throughout this quarter. Travis and I are also going to go into some additional details that go beyond the interview that I had with Matt in episode seven. That’s all right here on the ARK Crypto Podcast.
Justin Renken: Well, let’s get started right away with the Las Vegas interview that I had with Travis Walker. Enjoy.
Justin Renken: Now, I’m finally in Las Vegas for realsies, and we just wrapped up the World Crypto Con poker tournament at ARIA PokerGO Studio with Phil Hellmuth. I’m here with Travis Walker, of course. How’s it going, Travis?
Travis Walker: It’s going good. Very good.
Justin Renken: I was just happy to be in the room. It was really exciting because there was all these cameras and there’s all these lights. It’s really professional. It’s like walking into a news broadcast studio, or the Daily Show set or something. I mean, it was really well put together.
Travis Walker: That’s kinda overwhelming.
Justin Renken: Yeah. Speaking of overwhelming, have you ever played poker tournaments before?
Travis Walker: Not like this. I’ve played small-time with friends at a tiny casino before, but nothing on this scale before.
Justin Renken: Yeah, me neither. This is my second one. I was here early AF because I was so excited. I was probably the first person that didn’t work there, and everyone there is really nice. I met Grant who was in control of the media stuff, I think, and he was really helpful. He actually provided us with some audio, but first, I just wanna say thank you, Travis, so much, because you know, I do love poker a lot. I have other hobbies, too, besides poker, but what I found was as soon as I got involved with block chains, and ARK specifically, I’ve been able to use all my talents and skills at once. All the hobbies that I’ve had have all kind of started to bleed into what I’m doing with ARK. It makes me feel like I’m belonging in block chain space and with ARK. I used to think that it was all coding and programming, and you know.
Travis Walker: Make it, “I’m not a developer, what am I gonna do?”
Justin Renken: Exactly. Yeah, and I felt like with ARK it was okay to not be a developer, and there’s lots of ways to help. So, I just feel really blessed to be in here and … Two years ago, I was watching YouTube videos of Phil Hellmuth on YouTube. Now, I’m playing poker next to Phil Hellmuth, but all because of block chains. So, Travis, I just wanna say thank you so much for all these opportunities, and every day is an adventure here at ARK.
Travis Walker: That’s awesome. I’m glad to hear you’re enjoying your time.
Justin Renken: Let’s talk about the studio, how it was set up. So, we had nine tables, and there were 81 participants in the tournament. So, with nine tables, that means that technically, the best person at each table would get a spot at the final table. I know it doesn’t exactly work that way, but when you look at it on paper, that’s pretty much what it is. So, if you’re the table leader at your table, then you make it to the final table. Now, the way that poker tournaments are set up, you’ll have buy-in. So, you put in some money, in this case, some bitcoin. This was the first time that the PokerGO Studio accepted bitcoin for a tournament, so that was a nice first that we learned from the organizers.
Justin Renken: But what you’ll do is, you’ll put in the buy-in, then you’ll get chips. Now, your chips are just points. They don’t represent $1. It’s just points, so Travis and I got 10,000 in chips to start. You’ll try to knock out other players and all that. Now, if you get knocked out, you don’t get to cash out. It’s not like a casino where you walk up and say, “Oh, I only have this much left. I want my money now.” No, you gotta get to the final table, and you got to get what’s called in the money, in the bubble, where all the remaining players get some kind of money. The prize pool also included a donation to a charity, courtesy of the whole event. Phil Hellmuth is very charitable and PokerGO Studio, and PokerGO also has an app.
Justin Renken: So, let’s get into the meat because this tournament lasted from about 12 o’clock to maybe 5 o’clock, was it, Travis?
Travis Walker: A little after five, I think, yeah.
Justin Renken: A little after five, huh? I was, first off, crushing it on the small pot, okay? Making some bluffs, seven-deuce off, which is, as we know, the worst hand you can possibly get in poker. Isn’t that right, Travis?
Travis Walker: It’s … Well, close, I guess. Statistically, yes.
Justin Renken: Statistically, yes. So, seven-deuce offsuit. Now, when I got this hand I was like, “You know what? I’m here. I’m in Las Vegas. I’m at the World Crypto Con Poker Tournament. I’m playing with Phil Hellmuth, and I’m playing with CMO, Travis Walker, and our logo’s on the table, and I’m gonna bluff everybody with this hand.” The worst hand possible that nothing good could ever possibly come from this hand, I raise it up, raise up 3X, the flop came down, I threw out a c-bet, and I got two other players to fold. Then, I threw down the seven-deuce, and then Phil was like, “You bluffed with a seven-deuce?” I was like, “Had to do it once. Had to do it once.”
Justin Renken: So, it was lots of fun. Good times. But, eventually, we got to a hand where … This was a tricky one. So, Travis was out, sitting out this hand, and there was Phil and myself, and there was another player who had just recently shown up to the final table, who is now sitting next to Travis.
Travis Walker: Dan O’Brien, I believe.
Justin Renken: Dan O’Brien.
Travis Walker: Professional.
Justin Renken: He’s a pro.
Travis Walker: Yeah.
Justin Renken: Okay, got it. So, Dan O’Brien was at the table, and we had a raised three-way pot, pre-flop. When the flop came down, it was a queen-high board. Very dry board. What that means is there’s not two hearts, there’s not two spades, and there’s not two cards next to each other that maybe could come up with straights. That’s what dry means. It basically means if you have a queen, you’re doing pretty good. So, I did have a queen and I had a king, as well, so I had a top pair with a good over card. There was some betting that happened, there was some calling that happened, blah, blah, blah.
Justin Renken: We move on to the turn. So, the turn was a king. This put me at top two pair. Now, top two pair is a very good hand, especially on the turn, because there aren’t many cards that can mess you up. And unless they have a better hand than you already, you’re pretty good to go. Even if they have a flush already, you have outs to get a full house and beat their flush. So, what I saw was I saw Phil go all-in. He was like, “I am all-in.” This was the first time that he went all-in in the tournament, so kind of intimidating. It came over to me, and of course, I seize the opportunity with Phil and the hand being all-in, and with the cameras everywhere, I said a little prologue. Do you remember what I said, Travis?
Travis Walker: Not verbatim.
Justin Renken: Okay. So, what I said was … I was thinking, looking, thinking. Then, I said, “You know what? ARK is a very ambitious project with a killer community and a bright future, and so I’m all-in.” Then, I stood up and I shoved all my chips in.
Travis Walker: This is literally … He did actually say all of this out loud. This really did happen.
Justin Renken: Believe it. Believe it. Then, Dan … I did this, of course, to get Dan out, because I don’t necessarily wanna go all-in against two players, but I don’t mind doing it. Having top two pair is pretty good. So, Dan was thinking and thinking and thinking, and I told him, “Listen Dan, if you go all-in or fold, either way, is cool with me. I don’t mind.” And he said, “Thank you.” And I said, “No problem.” So, let’s go to the audio, and let’s go to Phil Hellmuth commentating on this hand.
Phil Hellmuth: Alright, let’s take a look. I’m all-in, and so is Dan O’Brien, and so is Justin. Justin, what do you have, Justin?
Justin Renken: I have top two pair.
Phil Hellmuth: Top two pair? That’s good. I have kings and eights. Yeah. And Dan has a set of deuces, what’s going on here? The board is king … hold on. The board is king, queen, eight-deuce. King, queen, eight-deuce. Justin has kings and queens. I have kings and eights. Dan O’Brien has a set of deuces. Dan, I [inaudible 00:09:52] two eights. You have everybody almost dead here. There’s one king, one queen, and two eights. Four outs.
Justin Renken: I’ve got outs too!
Phil Hellmuth: The board is king, queen, eight-deuce. Kings and eights for me, and I’m in third fucking place. Come on, man. Kings and queens for Justin, and a set for Dan O’Brien, but I have two outs.
Justin Renken: This video can only go so long!
Phil Hellmuth: Give us the last card.
Speaker 1: [inaudible 00:10:22] Boom!
Phil Hellmuth: And Dan O’Brien wins again, and takes the chip lead. He busts me. Nice hand, Dan. He busts Justin, and he takes the chip lead with over 40,000 in chips. Oh, and he got my bounty. Dan, now I have to do my day job.
Speaker 2: I’ll take the buy-in ’cause I’ve got to now.
Speaker 3: Thank you.
Phil Hellmuth: Dan O’Brien smashing.
Speaker 2: You get to control the [inaudible 00:10:54]. That’s your job.
Phil Hellmuth: Damn it! I mean, nice hand.
Justin Renken: That hand was crazy, right? But it was worth it, and I had a lot of fun. So, let’s talk about Travis’s hand. After I got eliminated, I walked around the show, and I talked with a lot of interesting people who already knew about what ARK was, which was really nice because they were like, “Hey, ARK! Cool.” And I was like, “Yeah!” So I had lot of conversations with people who are considering using block chain technology. They’re like “Oh, what should I do? How can I use it easily?” And it was a lot of opportunities for me to talk to people about using ARK, and [inaudible 00:11:35] and block chains. The fact that it’s really easy, and you don’t have to know everything about programming to do it.
Justin Renken: When I was doing that, Travis was dominating, and he was still at the final table this entire time, okay? All the lights are on him, there’s cameras everywhere. Final table. Travis is chilling with his hat, and his shirt. [inaudible 00:11:54] too? Yeah. And just slowly stacking up, okay, slowly stacking up. So we’re cheering for him in the background. I’m like, “Yes! Okay, ARK is still in this.” So Travis, are there any interesting hands that you recall after I left, and before we get to your hand?
Travis Walker: I don’t know. There’s a lot of interesting hands that I actually wasn’t even in. I just kind of … I slow rolled quite a few times. I was more involved in the experience at that point in time. When I’d start paying attention, I would take a few hands, and then I’d sit back for a while. I honestly don’t even remember the exact way I got knocked out. At that point in time, there’s 150 people standing around me, and I just pushed back and stood up, and I was like, “Ahhh, this is not good.”
Justin Renken: Oh, that’s rough, but exciting. And you know, Travis, we got two pieces of good news for you because you told me how it went down, and I remember that.
Travis Walker: Yeah.
Justin Renken: And we got the audio from Phil.
Phil Hellmuth: Scotty Nguyen is all in, and called-
Phil Hellmuth: Nguyen is all in. And called. Scotty Nguyen. Flip it up Scotty!
Phil Hellmuth: Scotty with the ace, eight of spades, against queen, jack of spades.
Phil Hellmuth: Scotty! We’re almost 60% here, Scotty.
Phil Hellmuth: 58% for Scotty Nguyen. Give us a flop.
Phil Hellmuth: Scotty Nguyen with ace, eight of spades, his opponent with queen, jack of spades.
Phil Hellmuth: Nine, ten, six. It’s a good flop for the queen, jack.
Phil Hellmuth: This gentleman needs a king. There’s four kings.
Phil Hellmuth: A queen! There’s three queens.
Phil Hellmuth: A jack. There’s three of those.
Phil Hellmuth: That’s ten outs. But wait! Also an eight. There’s three of those.
Phil Hellmuth: 13 outs. You’re now even money.
Phil Hellmuth: Give us a card.
Phil Hellmuth: Five of clubs. It’s a safe card. With one to come, we already know …
Phil Hellmuth: You have 13 outs.
Phil Hellmuth: Four kings, three jacks, three queens, and three eights.
Phil Hellmuth: Scotty Nguyen has 31 outs.
Phil Hellmuth: Last card.
Phil Hellmuth: It’s seven and Scotty Nguyen makes a straight. Not that he needed it.
Phil Hellmuth: Scotty! B-b-b, B-baby!
Scotty Nguyen: Ho! Yeah baby! You know where my heart is.
Scotty Nguyen: Let me pick it up from the floor.
Phil Hellmuth: Scotty’s heart was pumping, baby!
Phil Hellmuth: Scotty!
Scotty Nguyen: There is nothing [inaudible 00:14:34] baby. You know?
Phil Hellmuth: Scotty Nguyen.
Travis Walker: Oh, I had fun. I never thought I’d be sitting here saying “Hey, I just played a poker tournament and Scotty Nguyen knocked me out”. I never … It’s not something you really think you’re gonna do in the future.
Justin Renken: Just in general.
Travis Walker: Yeah. And in general.
Justin Renken: Yeah, I know, it’s a bit surreal. And this is only day one, Travis. I mean, we still have adventures ahead, you know. We’ve got the event space, lots of exhibitors going on here at World Crypto Con. And on Friday I’m gonna be a part of the interoperability panel, which is four people talking about making blockchains, talk together and to each other.
Justin Renken: What am I gonna say? Well, I’m gonna talk about ACES, because that’s what’s up!
Justin Renken: So, Travis, let’s get into some ARK V2 stuff. Is that cool with you?
Travis Walker: That sounds great.
Justin Renken: Nice.
Justin Renken: Did you have a chance to listen to episode seven with my interview with Matt at all?
Travis Walker: You’re gonna be mad.
Justin Renken: Oh, don’t even.
Justin Renken: Tell me about this ARK V2 Testathon. Tell me how it works and what it’s doing to advance the ARK V2 roll out.
Travis Walker: The new week long Testathon, we’re giving everyone a chance to finalize. Like, if you see something, if you wanna jump in and test something, we’ve upped our bounties to anyone that does a PR of any kind will get, I believe it’s like, 50 dollars worth of ARK.
Justin Renken: Okay.
Travis Walker: At this point in time. If you provide a solution for that PR it goes up in stages after that, to a hundred or 200 dollars per … If you find a security vulnerability, or anything like that, contact us, we have a whole different bounty structure for that.
Justin Renken: Okay, so the security issue bounties are different from the published bounties. Is that right?
Travis Walker: Correct. They’re completely separate. We do that one for one. You’ll work with our devs and we will compensate you healthily.
Justin Renken: Okay.
Travis Walker: A great thing about all this, too, is all of our current community devs that are working will also get a chance for … anything they do with this, they’ll get these increased bonuses. But everything will also go towards their GitHub bounty programs that run monthly.
Travis Walker: So, on top of all the money they’re gonna get for this one week, they could potentially get even more for their upcoming month when they get their bounty program.
Justin Renken: Nice. And you know, I do also like that ARK is very focused on including as much of the community as possible in development, and helping develop the ARK products, like the ARK Wallets, the Explorer, and the Core codebase. And a lot of the community developers that contribute on our GitHub and get bounties, some of them actually end up on the team. Isn’t that right, Travis?
Travis Walker: Yeah. We’re very focused on anyone that already knows the code, and has been contributing, and they’re looking for work already, why not vet them to a position within ARK?
Justin Renken: It’s also nice that people who discover the projects, no matter what their skillset, they can find ways to get involved, help, and develop a stronger affinity for ARK, which is great.
Justin Renken: And we’ve also got the hard fork which is coming up after the testing is fully complete. So, how does a hard fork work in ARK, and is it something that’s nice and smooth and easy? How does it affect users?
Travis Walker: The only way a hard fork in ARK actually affects the users is they can’t trade it at that point in time during the hard fork.
Justin Renken: Okay, so, during the actual protocol upgrade they can’t trade it?
Travis Walker: Yes. It won’t … we’ll be shutting down exchange wallets, so you won’t be able to trade any ARK at that point in time. Well, send it to and from.
Justin Renken: Okay.
Travis Walker: You’ll be able to probably still trade on the …
Justin Renken: The market.
Travis Walker: On the exchange itself.
Justin Renken: Okay.
Travis Walker: But once it’s … if you wanted to broadcast a transaction of any kind, it will not happen at that point in time. That’s the only thing that actually affects the end-user.
Justin Renken: So it seems pretty smooth for the end-users, huh. I mean, maybe they might have to update their wallets, right, to a new version?
Travis Walker: Yes. That, yeah. And that’s already smooth with ARK. I mean, it pops up in the wallet if there’s a new version available.
Justin Renken: Wow.
Travis Walker: And in mobile world it’s usually, like, I know iOS does automatically update in the background. Google Play usually does, sometimes you just have to open the wallet for it to give you something in the background that says “Updating”.
Justin Renken: Okay. Well that sounds really convenient, actually.
Travis Walker: Yeah. The only people that are actually really affected that have to be right there on the spot, through the whole process, are the delegates, or any node operators, such as exchanges. They’re the ones that are actually doing the protocol upgrade in the background while you’re just standing by.
Justin Renken: Got it. Okay. I understand. And so, what would happen if not all the delegates were to upgrade, but most of them did? How would the blockchain handle that case?
Travis Walker: It would continue on without them.
Justin Renken: Okay. Got it.
Travis Walker: Until they either upgrade it or continue on their old fork.
Justin Renken: So, because of the Delegated Proof of Stake system, the delegates accrue votes from the users who assign ARK to the delegate wallets, and their votes have weight to get them into the top 51 slots where they forge new ARK.
Justin Renken: So, if some delegates, maybe they didn’t get the memo, or they were just being weird and they didn’t want to update, but they were still staying in those top slots with the top votes, what would happen? Would they just miss every block because there’s no node anymore?
Travis Walker: Once that consensus is formed between delegates, the chain starts, and if they are upgrading and they take their time, or whatever, they’re just gonna be missing blocks as things happen.
Justin Renken: Okay.
Travis Walker: And most delegates have those failovers where they get messaged or they’ll get emailed or they get pinged on their phone that they’re missing blocks.
Justin Renken: Sure.
Travis Walker: So the majority of time, unless someone’s really in a deep slumber, or completely off the grid, usually everyone upgrades very fast.
Justin Renken: Okay. After that, the AIP11 2.1 situation will be going on. After the MainNet is live for ARK V2. So, what are the key things in AIP11? ‘Cause I know that some people in the ARK community, and probably outside as well, have some misconceptions about what is gonna be the ARK V2 hard fork. Like, the ARK V2 hard fork is gonna show up on day x. People might have a misunderstanding about what features and stuff are happening on that day, and then what additional features and stuff are happening on 2.1 day.
Justin Renken: Can you confirm those differences on that?
Travis Walker: There’s gonna be more than one of those, actually. It’ll be a 2.2 after that as well.
Justin Renken: Okay.
Travis Walker: The V2 upgrade is just the core itself. Complete swap to the new core. It also includes the dynamic fee structure and other small things.
Justin Renken: Of course.
Travis Walker: But …
Justin Renken: I wouldn’t call dynamic fees that small, Travis, I mean, it’s the first Delegated Proof of Stake to do it …
Travis Walker: Yes.
Justin Renken: And, I guess, in terms of the fees being small, you’d be right!
Travis Walker: Fair enough!
Travis Walker: But the V2 itself is going to be … it’s going to enable different transactions on the MainNet itself.
Justin Renken: So new transaction types. I’ve heard this phrase a lot, “New transaction types”.
Travis Walker: Yes.
Justin Renken: So, like, what kind of transaction types?
Travis Walker: Such as, I believe multi-payments is in that one.
Justin Renken: Oh, okay, right. So you could pay a bunch of people with one transaction. Right?
Travis Walker: Yeah. Well, it would be in one block. So you could send, theoretically, it’s not 100% tested yet …
Justin Renken: Okay.
Travis Walker: But theoretically I think you could send over 2000 transactions at once, but then times that by however many transactions are accepted in the block. So if there are 150 transactions per block at that point in time …
Justin Renken: Yeah.
Travis Walker: Each transaction can be over 2000 transactions in one.
Justin Renken: Wow. So this sounds like it’ll come in really handy to pay voters. Is that right?
Travis Walker: Correct. Yes. It will eliminate a lot of the bloat from …
Justin Renken: From the actual voting situation.
Travis Walker: [crosstalk 00:22:48] Massive … from the massive amount of voters that sometimes delegates wanna pay out all at the same time. If you’re paying thousands and thousands of people out at the same time, you kinda slow the network down a little bit. But this multi-payments will really, really reduce that.
Justin Renken: It sounds like a good deal. So let’s go into a little bit more about these new transaction types. Now, I’ve also heard of this “Timelocks” or “Timelocking” transaction type. Can you go into a little bit more on that?
Travis Walker: Not from a development standpoint, but as a spectator in the background, I can.
Justin Renken: Okay.
Travis Walker: It’s going to, essentially, enable atomic swaps between our chains.
Justin Renken: Okay. That sounds like a decentralized SmartBridge to me.
Travis Walker: Sure?
Justin Renken: Okay. So, do you remember guys, there were some weeks ago, when I was talking about some whispers that I heard in various ARK communities about a decentralized SmartBridge? Now, in order to understand that aspect of it, we need to talk about ACES, which is a really great project run by the community, and ACES is a node system that allows for exchange of value and instructions between ARK blockchains and other [inaudible 00:24:02] chains. Chains like Bitcoin, Ethereum, Litecoin, and others.
Justin Renken: So the interesting thing about ACES is that the structure of ACES kind of puts it as the noderunners operating a business where their business is to exchange value or instructions between blockchains, and they can charge a fee as they need to. A flat fee or a percentage, or both. And then perform that service.
Justin Renken: So the way that it works is that if you have a lot of ACES nodes that are providing the same service between two different chains, it creates a lot of options for the end-user and the free market allows a competitive space that benefits the users. Not only that, but if you have a lot of ACES nodes servicing between blockchain A and B, and then you have some other ACES nodes servicing between blockchain A and C, if blockchain A and B is very popular and there’s a lot of interoperability going, then those fees in that environment might be boosted up a little bit where there’s a little bit more fees for the users because there’s just more demand. And that makes sense.
Justin Renken: But the users who are interoperating between blockchain A and C will not see those increases in fees. So it acts as a balancing act there where you’re not gonna be unfairly charged extra fees just because there’s a certain interoperability happening between two random chains that you don’t even care about.
Justin Renken: So this is one of the beauties of ACES. Now, the interesting thing about it is that it’s not entirely trustless, but it is considered decentralized in that there is no single point of failure.
Travis Walker: It’s a workaround, I would guess I would call it.
Justin Renken: Yeah.
Travis Walker: But you’re still with a third party, per se.
Justin Renken: Yeah. It’s kind of like this, guys. It’s kind of like, you know how you’re in your house and you have your internet provider, right? And the cable company has a monopoly on your area, and so you’re kind of like at their mercy. But with ACES it’s kind of like wireless carrier, so we’re like …
Justin Renken: But with Aces, it’s kind of like wireless carriers. Where, like, if you don’t like your wireless carrier. then you can just switch to another one. And they know that and because of that, they want to give you better service. So it’s kind of like that, like it’s not entirely trustless but there’s no single point of failure and it creates a marketplace that users can benefit from.
Justin Renken: So we say that to move into this where I said that there were talks in various Ark communities of decentralized smart bridge. What that is, is it’s essentially time-locked transactions between two chains that will allow the transfer of value-
Travis Walker: Let’s go back to the Aces themselves though because this is not going to eliminate Aces by any means because it’s still a very valuable service. Even like for somebody wants to run a private chain and doesn’t need to upgrade to V2. They can still use Aces for their current services if they want to spin up a second block chain internally like one for … they want to run an inventory chain and they wanted to run-
Justin Renken: Rewards program.
Travis Walker: Their current rewards program and whatever and they want the two to talk to each other, they can still use the Aces right now as is and that’s pretty big just for the private business.
Justin Renken: Yeah, absolutely. It definitely is and not only that but the Aces team is working on some new use cases for Aces besides just sending coins over here and sending coins over there. They’re working on some new marketplace ideas and some new ways to interact with different block chains in terms of like why you’re interacting with other block chains. You can check that out at their website which is arkaces.com.
Justin Renken: Okay, so Travis, also on the blog, we have a recent article about the Hack-A-Thon season being back upon us. I’m really exited about that because that is the opportunity to expose our code base, our culture, and our solutions and ideas to the new squad. The programmers and developers who will dominating this industry in only a few short years.
Justin Renken: So Travis, how’s it going with the partnership with Major League Hacking? I know you’re the frontman on that and what’s been going on with the Hack-A-Thon situation?
Travis Walker: The partnership with MLH is building a workshop. Essentially it’s going to be a entire class project for everyone to get into block chain. Well, we’re going to make it so they have to all run a node on a network based on Ark and work with the transaction types to run a small business. This is going to be a 90 minute class and it’s going to be crash course into block chain right of bat and then it’s going to be a crash course into, “Okay, now build something on Ark.” We’re working on it right now. We should have something in early to mid-November as to start pushing it out to Hack-A-Thons.
Justin Renken: Awesome. So, I’ve been thinking about starting up a … some would call it a meet up but I would call it a workshop but it’s just not technical at all. It’s more like a workshop for users to use the wallets, learn about crypto, learn about block chains. Then, of course, learn about Ark, have some presentations and maybe have some quizzes with Ark prizes. I’ve wanted to start something up like this in LA because there’s just so many people in LA and it just makes sense that some of them would be interested to learn about Ark. Maybe get some sponsorships from some delegates who want to give away from Ark, give away some prizes for things like quizzes and stuff. This is the first time I’m kind of talking about it. It’s a bit of an exclusive too.
Travis Walker: There’s … you can also get … you probably can get a delegate or two to actually show up to help out.
Justin Renken: You know, that’s a really good point. That’s a really good point. I just met with Cali Delegate a few months ago. Cali Delegate is a team and I met up with Zarvoc, and Zarvoc and I had some brats, some beers, and talked about Ark. He showed me the commander. It was really cool. So I think that maybe I should reach out to him and see if we can get something going. I mean, it might not be right away, like things are always very busy. We’ll see how fast it takes to make this happen but it’s something that I’m very interested in.
Justin Renken: So Travis, I did want to tell you that I am so appreciative of being here in Vegas with you at the show. I’m always going to remember this experience so thank you very much, Travis. And thank you for coming on the cast with me.
Travis Walker: I’m glad you enjoyed it. And actually hope I get to … get a little more exposure on this podcast in the future too.
Justin Renken: Yeah. I’d love that.
Justin Renken: All right, that’s going to do it for this episode of the Ark Crypto podcast. Tune in next week for audio from my discussion on the panel for interoperability, our website, the arkcryptopodcast.com, is really stepping up its game with easily streamable episodes and written transcripts as well. Coming soon.
Justin Renken: You can also subscribe directly to our podcast on iTunes, Google Play, Stitcher, Sound Cloud, Spotify and Cast Box. Don’t forget to follow us on Twitter, @Ark_Podcast.
Justin Renken: Well, hey, you made it this far. Would you like to hear some bonus content? Well here’s a really exciting poker hand from the tournament featuring poker pro and crypto YouTuber Doug Polk, followed by The Winning Hand as we warp ahead to the end of the tournament featuring poker pro Dan O’Brien and crypto Twitter guy Jeremy @jebus911. We’ll see you next time.was
Phil Hellmuth: What? I just want win against Johnny Chan. Oh my God. Doug is smashing his boy Scottie over here. No mercy at the poker table.
Phil Hellmuth: People are paying thousands of dollars for seats just to be in this room.
Speaker 4: Just to be in this room.
Phil Hellmuth: Demon Girl. This is a very hot room.
Speaker 4: We’re in the presence of greatness.
Phil Hellmuth: Hot room.
Speaker 4: Much greatness.
Phil Hellmuth: Two tables left. Dan O’Brien professional poker player’s in there. Doug Polk, professional poker player. Scotty Nguyen. Three pros at this table.
Phil Hellmuth: What?
Speaker 4: That whole table … Everyone.
Phil Hellmuth: Doug Polk is all in up here at the feature table. Gather around if you want. Gather around if you want. He’s been called and Doug is in trouble.
Speaker 5: He’s in trouble.
Speaker 4: [inaudible 00:32:40] the whole bunch.
Speaker 6: Unreal.
Phil Hellmuth: Doug, you’re in the four business. It’s not a very profitable business. No it’s a bad business to be in. Doug needs a four, give us a card. There’s only three fours. He’s still 12%. Give us a card.
Phil Hellmuth: Oh. It’s a four on the turn, wow.
Speaker 6: It’s [inaudible 00:33:01] the four business.
Doug Polk: Give him a nine.
Speaker 4: The chosen one.
Speaker 6: I love the four business Phil. Thank you very much for giving me the mic for this. And, let’s see a river. No, no, no sorry, no okay.
Doug Polk: Set it up.
Phil Hellmuth: All right with one to come Doug’s going to win this pot unless a nine comes. Three nine’s. A king comes, three kings. Six out for you. 38 outs for Doug. Last card please.
Phil Hellmuth: Oh. Oh my God it’s a king on the river.
Speaker 6: Holy shit.
Phil Hellmuth: What in the world is going on here.
Speaker 6: That guy is lucky. That’s the guy that got me-
Phil Hellmuth: Wow. Kings and jacks it’s going to be jacks and fours.
Speaker 6: Hey Doug, hey Doug now I know why you’re retiring.
Phil Hellmuth: Doug, I know now why you’re retiring. It’s too tough to take the river.
Doug Polk: It was unlucky. That was unlucky.
Phil Hellmuth: I love Doug. Hey, Doug Polk, for the record I love Doug … #ILoveDougPolk okay.
Phil Hellmuth: [crosstalk 00:34:17].
Speaker 5: Let’s go Scotty.
Phil Hellmuth: Wow, what a king that was. Wow.
Speaker 5: You might fall away one.
Phil Hellmuth: I would have said nice hand.
Phil Hellmuth: I would have knocked the chair over. Swore.
Speaker 5: Yep. He would have laid on the floor.
Phil Hellmuth: Laid on the floor for 20 seconds. Yep. All true.
Phil Hellmuth: Tournament is on the line. It’s king-five versus queen-three. King-five is a two to one favorite. To win the pot and win the title. But Dan O’Brien’s won three million playing poker. Deal.
Phil Hellmuth: Just facts. There’s a three on the flop. The door card, but a king right behind it. Right now Dan needs a three. Two of those are queen, there’s three of those. Five out stand’s about 20% right now. He also wouldn’t mind a jack.
Phil Hellmuth: Give us a card. He wouldn’t mind a spade. That’s a horrible card for Dan. Almost the worst card in the deck. Dan needs a three. There’s two threes left. Two wins for Dan. 42 wins for you.
Phil Hellmuth: What?
Jeremy: If you want a name, Jeremy.
Phil Hellmuth: 42 wins for you Jeremy.
Phil Hellmuth: That’s a woohoo moment.
Jeremy: It’s a two outer.
Phil Hellmuth: It’s a two outer.
Phil Hellmuth: Jeremy’s going win the title. Nice Job Jeremy. Well done.
Phil Hellmuth: It’s over baby. The champion has been declared, baby it’s over. You call me, it’s over baby. JD it’s over baby.
Episode #012 – ARKv2 Testathon, New Hackathons, Halloween Clues & Justin Renken ARK Interview With ALTCOIN Magazine Oct 29, 2018
The twelfth episode of the ARK Crypto Podcast is here! I am in Las Vegas at the World Crypto Con Conference, a three day event full of event space, speakers, and panels. I am also participating in a blockchain-oriented Poker tournament while I’m here!
This episode is a reading of my recent interview with ALTCOIN Magazine, where I outline introductory ARK concepts and goals. This is a great one to share with friends because it’s easy to follow along and I speak nice and slow. Keep your ears perked for any Halloween clues of the ‘Arkening!’
Expect the next few weeks to be loaded with Las Vegas news and content here on the ‘cast.
This episode is hosted by Justin Renken.
Cheers and Enjoy!
Hello, crypto-land. I’m Justin, it’s Friday, and this is the ARK Crypto Podcast, episode 12. Well, first things first. Did you finish one of the things I said last week? That’s due today. It’s cool. I’ll give you til the end of the day if you procrastinated, and it’s gonna be on your permanent, immutable record. World Crypto Con is upon us! I’m in Las Vegas right now. Today is the last day of the conference, and the day that I will be on the interoperability panel as a panelist.
But hey, you want to know if I won the poker tournament! Did I get to the final table? Did I get ambushed in the first 30 minutes? Well, I can’t tell you, because it’s Tuesday and this is a prerecording. Sorry to trick you, but I’m only one person who can be in one place at one time. Expect the next few weeks to be filled with news and interviews from WCC here on the cast. I hope you enjoy the content.
Guess what else? The upcoming ARK v2 protocol update is really heating up now, with the ARK v2 test-a-thon offering bounties of ARK to programmers, testers and users like you, you and you! Maybe you’re even all thre.e you can even suggest something, without knowing quite how to solve it, and if it’s valid, receive some ARK. The test-a-thon includes everyone. How cool is that? Check blog.ark.io for details.
Not only that, but hack-a-thon season is back! ARK will be attending and sponsoring two hack-a-thons in November: Hack PHS and Hack Princeton. There’s gonna be crazy stacks of prizes there, and the buzz is afoot. Travis is also cultivating ARK’s new partnership with Major League Hacking to crate a workshop that anyone will be able to use for their hack-a-thon or future meetup or event. More details on that are on the blog as well.
Well, let’s get right into this episode. This is going to be a recording of an interview that I recently conducted with Altcoin Magazine. Altcoin Magazine is a great source for news and exclusive content about, you guessed it, alt coins. You can check them out and subscribe on medium.com/altcoin-magazine.
Well, let’s get started with the reading. I really had a lot of fun on this interview, and the interviewer was very kind, courteous and professional, and I hope you enjoy it. In the written interview, Altcoin Magazine said, “Give us a brief introduction to the project. What have you created, why have you crated it, and how do you plan on making it? How will your project make an impact on the world?”
Well, Altcoin Magazine issuing the plural you in this case, in the interview questions. So I’m not personally making any of these modules, codebases. I’m not building these smart bridges. Okay, I’m just a guy talking about ARK, and on that note, the podcast is just talking. It’s not financial or investment advice, but you knew that. So I said in response to this, I said, “My name is Justin Renken, and I am ark.io communications specialist. The ARK ecosystem is a spiderweb of teams, operators, users, participants and other blockchains, united ina common goal: to bring the power of blockchain to as many people as possible. ARK empowers everyone, regardless of their aim or technical background, to quickly and easily leverage blockchain technology.
ARK achieves this through a high-performance mainnet blockchain, with block times of only eight seconds. This mainnet is powered by what are called delegates, or nodes run by people or teams of people who secure the network and deploy every-expanding community services. These delegates are voted in by the people of the ARK community, and ark.io does not run the network. The consensus model of ARK is known as delegated-proof-of-stake.
ARK also has intuitive, instant-launch wallets, geared for the common user, including full-featured mobile wallets available for Android and iOS. ARK caters to all developers with a powerful sandbox of tools and models, enabling any developer to create a customized blockchain in mere moments, and enhance their new change with well over a dozen different programming languages, including C and C++, recently released in the ARK SDK.
Finally, ARK enables interoperability with both ARK bridgechains, which is what ARK calls blockchains that use its codebase, and other blockchains like Bitcoin and Ethereum, by way of its unique smart bridge technology. ARK’s end goal to impact the world is to make creating and using blockchains so easy it becomes an afterthought.”
Altcoin magazine continued, saying, “Tell us about your accomplishments so far, and tell us what you are most proud of having accomplished in the history of the project.” Well, I said, “The simplest way to highlight all of ARK’s many accomplishments is to visit the community resource, arktimeline.com, which is a vast, interactive experience tallying every ARK event since its inception in late 2016, and mainnet launch in early 2017. All ARK events are searchable, easily categorized, and filterable, giving anyone an immediate bird’s-eye view of ARK’s ability to deliver. Arktimeline.com was built and deployed by the ARK Community Committee, which I run.”
Altcoin magazine continued, saying, “What is the single coolest thing about your project? It can be something you developed or something you achieved.” Well, I responded to that question by saying, “I would be remiss to try to answer this on my own, so I’ll start with something most community members would probably say, given the chance. The coolest thing about the ark.io project is very likely the wallets. ARK has beautiful desktop, mobile, paper and web wallets, focused on ease of use for the general public. The wallets run instantly, without needing to sync, and users receive voting rewards even when their wallets are offline.
“Voting rewards are similar to the staking rewards you hear about on some other projects, and they’re a voluntary aspect of the ARK delegate system. Ark.io does not control the ARK network. Delegates give voting rewards voluntarily, and voting rewards are not part of the ARK protocol. I strongly recommend experiencing our wallets, as they are a big reason our community has grown so large.”
Altcoin magazine then said, “Give us a quick rundown of the future of the project. What are you seeking to bring to life, and what will it mean for the overall project?” I responded with, “In the short term, our goal is to complete the newly rewritten core codebase, dubbed ARK Core v2. This new core, which will be at the heart of ARK and ARK-based chains, achieves monumental strides in reliability, power, versatility and convenience. This is the next logical evolution of ARK’s grand vision, and it will deal away with the old Lisk and [Crypty 00:07:46] code beneath the current ARK codebase. ARK v2 is a bottom-up redesign, built by ARK, with love. No forks, no derivation.
“ARK v2 sports unique solutions to complex blockchain architecture problems. Once ARK v2 is purring along on mainnet, our next major plan is to compete and implement powerful plugin modules that can interface directly with the new ARK core: namely, ARK Virtual Machine for smart contract execution, similar to Ethereum, and ARK IPFS, or Interplanetary File System, for decentralized large-format file storage. Concurrently, we will be completing and releasing a core 2.1 release for new transaction types and protocol functionality, as well as complete our pushbutton blockchain graphical user interface, for intuitive customization and deployment of impressive blockchains.
“All ARK products have easy baked into nearly every aspect, and anyone can check ARK’s efforts and progress at ark.io/roadmap. ARK’s vision will be realized when anyone who needs blockchain technology can deploy their own custom implementation of the tech in a reliable and secure manner, all without much, or any, programming knowledge at all. These user-deployed chains are all optionally linkable, forming the larger ARK ecosystem.”
Altcoin Magazine then became curious about our team, saying, “Tell us about your team. Who are the people behind the screens?” Well, I responded by saying that anyone can meet the ARK team at ark.io/team. There are 27 original founders of ARK, and currently over two dozen team members collaborating all over the world within ark.io. This of course does not include the countless community teams working on ARK-based products and ideas of their own, or contributing to our GitHub. This also doesn’t include the delegate teams constantly developing, deploying and enhancing valuable and unique community services, which of course utilize ARK technology.
“Even the average ARK user is contributing to the project via valuable feedback on our GitHub and social media channels. Participation is a cornerstone of the ARK culture, and we all strive for a common goal together. Sure, the team has the coveted ark.io email address, but our community supports us just as much as we support them. Some other crypto projects may have mentioned they’re a touch jealous of our strong community, but let’s keep that between us. The other three Medium writers for the ark.io blog are BoldNinja, Matthew DC and Travis, so make sure to check out their profiles for more information on ARK.”
Altcoin Magazine became curious about our partnerships, asking, “What partnerships have you formed so far, and which ones are the biggest?” I responded by saying, “Well, we tout about a dozen and a half partnerships and growing, and we are listed on over a dozen and a half exchanges as well.” We are pleased with our partnership with Ledger, allowing users to send ARK, as well as vote, using the ARK desktop wallet, in a secure environment. We are rubbing elbows with some projects that have huge potential to change the crypto landscape as we know it, in our opinion. We provide a helping hand, and they help us as well.
“For example, our partnership with MARAchain, a project for secure, GDPR-compliant document transmission, opens doors to collaboration on our upcoming Interplanetary File System module. Our blog has articles describing all of our many partners, and those articles and more can be found at blog.ark.io, or arktimeline.com, after choosing only the partnerships tag.”
Altcoin Magazine then moved into marketing, asking “What kind of marketing do you practice to let the world know about your project, your product and your mission? Do you attend any events or conferences?” I responded by saying, “On the whole, we tend to place a bit more emphasis on partnerships, hack-a-thons and organic growth over traditional marketing tactics you may have seen in the crypto space. Our aim is to expose our products and our culture to other individuals and groups on a more personal level, and let quality and curiosity take over. However, we have also been known to attend and sponsor many notable conferences around the world. ARK commanded a massive [inaudible 00:12:39]
Hello? I seem to have broken through the communications. You there, quickly, listen up before it’s too late, ’cause I don’t have long to tell you this. You must go to an internet place in which the Mongols of today [inaudible 00:12:59] where ideas are brought to life and updates are penned. Once you’ve reached this golden land, search for your heart’s desire. Find the map within, and start your path to glory, for evil must be crushed, and this can’t be done without you, so heed these words. Best of luck. Darkening is upon us.
[inaudible 00:13:23] sponsor many notable conferences around the world. ARK commanded a massive presence at Consensus NYC 2018, and sponsored more than a handful of hackathons globally, to entice developing talent to dive into our codebase. This comes full circle by way of our partnership with Major League Hacking, a large organization fostering computer science competitions, totaling some 60,000 participants to date. Ark.io also enjoys doing interviews with online magazines, hence.
“On the community side, the delegate culture breeds outreach for ARK as well. The supplemental services that delegates deploy have been known to draw newcomers into ARK. We also have some founders using their personal funds for pet projects in ARK marketing, namely co-founder and board member Travis Walker sponsoring multiple racecar teams, including the ARK 72 NASCAR. The ark.io crypto funds are ample, yet best served in development at the moment. You could say ARK’s philosophy is, “Build fast and outlast.”
“ARK does not have to spend exorbitant amounts of money competing with the marketing of other projects who may run out of money in a matter of months or simply just implode. ARK has been in the game for quite a while, in crypto terms, and possesses enough funding for 10 or more years of operations. ARK is a very ambitious project with the long game in mind.”
Altcoin Magazine then asked, “What is the best article that has been written about your project so far? Throw a link below and let us know why.” I responded by saying, “From a technical standpoint, Mario Vega’s “Dipping our toes into the ARK Core” series is a dream of a read. It familiarizes developers with ARK’s codebase and approach, and pops the hook on our brand new core. At that time, Mario was a community member, and since then has been hired onto the team to assist with documentation and other writing.
“That is a common theme with ARK. Community members can’t help themselves, they just want to get involved. One day they wake up with a job interview. I was the same way, having been very active with ARK for about 10 months now, building resources on my own and running services like arkstickers.com, delivering ARK sticker packs anywhere in the world. Now I am proudly on the ARK team as communications specialist, and it’s a new adventure every day. Whether team, delegate or community, there are always fun challenges, exciting opportunities and great people. Here are the links to Mario’s two-part article.” And I gave those links. Cool.
Altcoin Magazine continued, asking, “What are the coin metrics, and how do they lead to a stable and balance system?” I responded by saying, “The ARK Genesis block, circa March 21, 2017, crated 125 million ARK, with some locked for the team, and some other ARK reserved for special development in a fund called ARK Shield. To reward delegates for their node operations and delegate services, two ARK are forged in each block, which clocks in at a brow-raising eight second block time. This results in approximately 7,884,000 new ARK per year. Because this number is fixed, this results in a healthy, declining inflation rate instead of a harmful, fixed inflation rate. This arrangement, combined with the delegate system, comprises ARK’s delegated-proof-of-stake consensus algorithm.
“ARK has made a number of critical improvements on delegated-proof-of-stake that gives it the edge over other delegated-proof-of-stake-based projects, albeit the details may not be appropriate for an abridged article such as this. There is a helpful presentation, though, available here, and that presentation link can be found on arkdirectory.com/kits.”
Altcoin Magazine continued the interview, asking, “If people want to follow you on social media, visit your website or read your important documents, what are they links they need to visit? Please list them below.” Well, ark.io has a lot of links, and if you’re in front of your computer, check one of these out. I answered by saying, “It’s quite easy to learn about ARK on our website, ark.io, or our documentation portal, which is at docs.ark.io.
“However, for the more visual people, we also have informative yet concise videos at our official YouTube channel, which is at youtube.com/arkecosystem. If audio is more your tune, it’s thearkcryptopodcast.com. that’s where you can hear me speak about ARK every Friday, and it’s easy to subscribe using multiple platforms. But you already knew that, because you’re listening to me right now. Thanks! To communicate and chat with me directly, or to join the ARK Community Committee and collaborate on ARK projects, which are mostly non-programming, and earn ARK, locate me on the Discord, which is discord.ark.io. Moreover, many community members can be found on the ARK Slack, which is at ark.io/slack. And we also have a very nice subreddit at reddit.com/r/arkecosystem.”
Altcoin Magazine began to wrap up, asking, “Where is the best place for people to start acquiring your currency?” Well, I responded with some very carefully worded thoughts, starting with: “While this article is not intended as investment advice, or to convince anyone to buy the ARK mainnet token, and all investments carry risk and may lose value … A very easy way to obtain ARK would be to buy it on Binance, Bitrex, UPbit, or over a dozen other exchanges viewable on ark.io on the bottom of the homepage. Our partnership with Changelly allows you to buy ARK from directly inside our desktop wallet, even with [inaudible 00:19:27] depending on your country or region. However, a truly rewarding method to obtain ARK is to earn or win it. There are over a dozen ways to do that, outlined in the ARK Crypto Podcast episode five.”
Nice. Altcoin Magazine then asked me to provide any final thoughts, and I said, “Sure. Learning more about ARK on Medium is easy, by visiting blog.ark.io, or following one of our more notable team members on Medium: BoldNinja, Matthew DC, Travis, or me, Justin. Our ARK desktop wallet v2 is on its way, so be sure to stay up to date with the latest announcements to get a notification once it’s out. Thank you for including me in Altcoin Magazine, and please let me know if there is anything ARK can do for you in the future.”
Well, that was a really fun interview, and I had such a good time talking about ARK. I always do. You can probably tell, because I’m willing to go anywhere and talk to anyone about ARK. I really like ARK’s products because they’re so easy to us, and anyone can use them to participate in the blockchain space. Not only that, but one of ARK’s main goals is to reduce the barrier to entry for someone utilizing blockchain technology to achieve a goal or provide a use case. And someday, the types of people that utilize ARK blockchain technology and deploy their own blockchains may surprise you.
All right, that’ll just about do it for this episode of the ARK Crypto Podcast. Tun in next week for episode 13, which will most definitely be hot Vegas news and content. I can’t wait, mostly because I don’t know what it is. It’s still Tuesday, remember? You can learn more about the ARK Crypto Podcast on our website, thearkcryptopodcast.com. You can subscribe directly via iTunes, Google Play, SoundCloud, Stitcher, Spotify and … which one? Hold on. Okay. ARK Crypto Pod … Which one was it? Oh, crap, I typed it in wrong. Hold on. Arkcryptopodcast.com Yeah. Wait, no. Thearkcryptopodcast.com. Got it, got it, got it. Thearkcryptopodcast.com. Right, okay. Castbox. You can also subscribe on Castbox, and don’t forget to follow us on Twitter at ark_podcast. As always, thank you for listening, and thank you for supporting the ARK ecosystem. We’ll see you next time.
The eleventh episode of the ARK Crypto Podcast is here! It’s been 10 wonderful episodes, but it’s time to take a beat. If all you have been doing is listening, we appreciate it, but it’s time to take more action! Enter the very first interactive episode- be sure to have your desktop or laptop computer out and browser ready.
This episode is a checklist you can refer to for ways to participate in the ARK Ecosystem as someone who has just recently discovered our ambitious endeavor. The checklist has nine items, and whether you’re an ARK dabbler, an ARK fan, or a diehard ‘deluded arkie,’ there is probably something you aren’t doing yet on this list.
This episode is hosted by Justin Renken.
Episode #11 TRANSCRIPT
Hi. This is Justin Renken, communications specialist for ARK.io. Well, today’s podcast episode has an unusually high number of external resources. We’re talking about community resources made my hardworking members who want to make a difference within the ARK community. We just want to make sure you know that ARK.io is not directly affiliated with these external resources, and ARK.io cannot control the content seen on these community resources. However, we do like that the community is making resources, so we want to tell you about them, but we are not liable for what you may see there. Thank you.
Hello, cryptoland. I’m Justin. It’s Friday, and this is the ARK Crypto Podcast, Episode 11. Well, another exciting week for ARK. Remember last week, when we did the BlockchainNW Mass Adoption Concepts presentation? Well, that video is now out, and you can watch that on the ARK.io official YouTube channel. Nice. Secondly, my ARK Community Committee has successfully completed and launched its first project, dubbed ArkTimeline.com, so you can go there and check out all of ARK’s achievements and accomplishments. That project was 100% funded after the fact by the ARK community, and we really appreciate all of the ARK we received. I distributed that ARK to the committee members who helped. I did not take any for myself. Nice.
Next, we’ve got a conference coming up in Vegas. This is the World Crypto Con conference in Vegas. Travis is going to be playing in a poker tournament during that conference, and I got so jealous that I had to throw my hat in the ring, too, so I am going to be there, too. I’m going to be playing poker, too, and we’re not going to be on a team. That’s not how poker tournaments work, guys. It’s every man for themselves. I’m trying to beat him. He’s trying to beat me. It’s Justin versus Travis. I want to take all his money. He wants to take all of my money. We’re going to see how that works out.
Not only that, but aside from an exciting conference full of a lot of floor space and exhibitors and talks, I will be a part of the Blockchain Interoperability Panel, which will take place on Friday, November 2nd. The conference starts on Halloween, marking the 10 year anniversary of the original Bitcoin white paper. There’s a fun fact for you. But I am looking very forward to participating in this Interoperability Panel, and I especially looking forward to meeting Paul, because Sarah B. from Narwhal.ai likes Paul, and I like Sarah, so log syllogism should play out here.
All right. Now, let’s move into this episode. Here we go. This episode is going to be another unique episode here on the podcast, the first interactive episode. What that means is you need to have your laptop or desktop computer ready to go with your browser open. I’m going to tell you about some resources, give you some information, and guide you around the ARKosphere so that we can achieve the next stage of participation, because that’s the goal. We need mass participation. If you’re driving, I recommend that you stop the podcast now and turn up your favorite artist, enjoy the music, start it back up when you are in front of your computer. Okay. Now, I get up every day, and I do two things. I show people who don’t know about ARK what it is, and I get people who like ARK to become more active participants in whatever way is comfortable for them, or whatever way they need to, or whatever way the ecosystem needs them to do. Today, we’re going to go through nine things that you should be doing if you are calling yourself an ARK fan, and you can check these off like a list. You can see which ones you’re doing, which ones you’re not. I would like for you to do one of these things today and another one of these things sometime this week before the next episode comes out. Can you handle that? Excellent. Okay. Let’s get started.
The first one is pretty easy. Is your ARK still on the exchange? If you currently have your ARK on Binance or Bittrex or another exchange, you should not have that stored there. You should get that off the exchange and put it onto a wallet. Well, lucky for you, ARK has beautiful desktop mobile paper and web wallets that focus on ease of use for the general public, so you can head over to … Get ready for this. … ARK.io. Yeah. That’s an easy one. Right? Go to ARK.io, and then you’ll see, in the top right area, the wallet dropdown.
You’re going to choose the desktop wallet, and you can download that to your computer, desktop computer or laptop, or you can get your phone out and get the mobile wallet. That one is available on Android and the iOS store, as well, so you can download that. However, if you plan on storing vast quantities of ARK, I wouldn’t necessarily do that on the mobile wallet. I would do that on a desktop wallet with a ledger, and we’ll talk about that soon. But make sure that your ARK is not on the exchange. I repeat, not on the exchange. You want it to be in your own wallet so you can control your keys. Your keys, your coins.
All right. Let’s move on to the second item. Have you used all the wallets? Now, let’s say that you already have your ARK on your wallet, and you have for a while, but you haven’t dabbled in any of the other wallets. Well, if you have the desktop wallet and you haven’t checked out the mobile wallet yet, I invite you to do that today. Get your phone out and download it. You don’t have to store your actual ARK tokens on the mobile wallet. You can use it as watch-only, and then no one can spend it if they get ahold of your passcode for your phone and your passcode for your ARK app. Then, they won’t be able to spend anything. It’ll just be in watch-only mode, but it’s a very cool application. It’s a very cool way to get up-to-date on your balances and everything like that.
If you only have the desktop and the mobile wallet, why not try a paper wallet? Maybe give some ARK to a friend or a family member using the paper wallet. You can access that on ARK.io. You can also use the web lite wallet on the website, as well. That one does not allow for voting, but you can send ARK and, of course, receive ARK. You can receive ARK anytime, no matter what. Cool. Just make sure that you’ve tried out all the wallets.
Now, let’s move on to number three. Do you have a ledger? Okay? The ledger is a hardware wallet. That refers to a physical device whose purpose it is to protect your private keys, or your passphrases, the things that allow you to spend crypto on these blockchains. The ledger is a USB device, and you can get one of these devices on shop.ARK.io, so that is what you’ll want to check out. Once you go there, you’re going to see the official ARK branded ledger, really cool and only in a limited quantity. Once you get one of these, then you can attach this functionality to your desktop wallet, and then you can vote directly from your ledger. You can send tokens from your ledger and monitor your status and everything in the wallet interface, so it’s all very easy and intuitive.
It’s a couple steps to set this up, though, but not to worry, because, though, a community website called ArkDirectory.com has a reference to a blog article that ARK did about setting up your ledger, so you can do that by going to ArkDirectory.com. Then, you’ll see the media area in the top. You’re going to choose articles. After you choose articles, you’re going to scroll all the way down, and you’re going to see the article that teaches you how to set up your ledger with the ARK wallet. Once you’ve done this, then you’re running your coins on a very secure situation. You’ve got the ledger. It’s very secure, more secure than, for example, trying to remember it or a file on your computer that someone can steal. No, no, no. You want a ledger. It just makes sense.
Okay. Let’s go to number four now. Do you have an improvement idea for one of the ARK products that you use? Are you using any of these wallets or maybe the explorer or something like that, and you have an idea to make it better or add a feature? Well, you should tell the developers. We have team developers, and we have community developers. They’re all collaborating together on the GitHub to enhance and grow these products. You have full control to suggest new features and also report issues. You can do that by getting a GitHub account and then opening a GitHub issue at the repo, which is Ark Ecosystem, so it would be GitHub.com/ArkEcosystem. Then, you can report issues in various repos.
Now, here’s a quick note. ARK v2 is just around the corner, and we have some huge upgrades that are getting baked into all of these ARK products, so it might not make sense to analyze the current product that you see today, the one out there in the field, and then suggest on top of that. What I recommend you do is send me an email of your idea, and then what I’ll do is, after all these new products get launched, I’ll compare it with all the suggestions I receive and see if I need to open GitHub issues for the new products, themselves. You can do that by sending me an email to Justin@ARK.io. These suggestions can be anything, anything like, ” Well, this button is kind of in a weird spot, and this is the reason why,” or, “How about we have a popup that tells the user about something when something goes wrong or when something is happening for the first time,” just different things that might help the user experience. All suggestions are welcome, so send me an email, Justin@ARK.io, if you have been floating around some ideas to improve our products.
Okay. Let’s go to number five. Number five is very simple. Are you voting? If you have ARK, and you have it on a wallet, are you voting? If you’re not voting, this section is for you. This is how voting works. The common users use their wallets to vote for delegates who secure the network and create new ARK tokens. One ARK equals one vote weight, and this helps prevent delegate cartels that can muscle out other delegates, as can happen with some other Delegated Proof of Stake models. Every eight seconds, two new ARK are created and shared with all voters, depending on how the delegates structure their proposals.
… with all voters, depending on how the delegates structure their proposals. The top 51 delegates voluntarily share the new Ark tokens with their voters, increasing their voters’ holdings through inflation that decays towards zero over time. What this means is that if you are voting, you are doing two very important things. You are contributing your voice to the network governance system that is saying who gets to have a say in the network and who doesn’t in terms of being able to create new Ark tokens and add transactions to the ledger and run unique and valuable Ark services, receive funding for those services.
So you have a say in all that, and your vote decides the top 51 delegates. The top 51 delegates are not Ark.io team. They are separate community pillars that offer their own unique point of view and perspective and skill set to the Ark ecosystem. They need your votes. Now, as Ark.io team, I cannot recommend specific delegates nor do I endorse certain delegates that you should vote for. However, I do encourage you to participate in this system and make sure that you are helping contribute to the governance.
To learn more about voting, you can go to arkdirectory.com. Then you’ll see something called delegate. That’s the area you’ll want to go to. This is going to show you some helpful videos about voting, some helpful articles about how voting works, and some resources that you can use to learn about all the delegates and what they offer in their proposals. A notable one is arkdelegates.io. That one is maintained by delegate deadlock, and it has information on all the delegates. Voting is easy, so if you’re not voting yet, now is your chance. Okay, excellent. Let’s move on to item number six.
Item six is do your current votes reflect how you really feel? I’m going to repeat that. Item six is do your current votes reflect how you really feel? I bring this up to talk about what some might call procrastination, because you always had a reason at the beginning why you voted for a certain delegate. For example, if your reason that you voted for a certain delegate at the beginning was that they plan on doing stuff for Ark and offering delegate services, and if today you’re not satisfied with the results or the scope or the speed of deployment of these services, then perhaps you should consider changing your vote.
I’m not telling you what to do with your votes, and I’m not telling you what should be important to you. I’m just telling you to look at yourself, and if you are voting for a delegate right now that you feel in your heart should be changed to a different delegate, and you’re not doing it because, “Oh, I don’t have time,” or, “Oh, I’m busy,” or, “Oh, I have to go drive 50 miles outside of town and dig up my ledger I have in a hole in the ground, the second oak tree to the right. Yeah, okay. Dig that hole. Get that, and then I can finally change my delegate vote,” well, I think that you should consider killing that procrastination and getting that done. That’s what this episode is about. So if you feel differently about your votes than you did in the past and you need to make an adjustment, I’m telling you to make that adjustment. I’m not telling why or how or what or anything like that. I’m just telling you to not procrastinate on this. Okay? Thanks.
Let’s move on to item seven. This is a cool one. Item seven is have you earned or won any Ark yet? Well, that’s exciting. Have you earned or won any Ark? Well, there’s so many ways to earn and win Ark within the Ark ecosystem and community that it must be shared all the time. If you like Ark, there’s no reason why you shouldn’t be chasing more Ark, especially if you don’t have to buy it on the exchange. It just makes sense.
Here are some ways for you to earn or win Ark. If you haven’t done any of these, then I suggest that you get started with one today. First up, we have the Ark community fund. Now, that’s available at arkcommunity.fund. If you go to that website, you can see all the proposals that the various community members submit. There’s Ark attached to those proposals that the board votes on whether that proposal should be passed or rejected, and then those applicants receive Ark to carry out their vision of their projects. So you can get Ark if you have a cool idea that helps the ecosystem.
Moving on, we have contests. There are so many contests running in the Ark ecosystem and the community that it’s really hard not to stumble over one. What I recommend first if you’re interested in participating in contests is to go to arkdelegates. io. Once you’re there, you should seek out the delegates that have Twitter accounts and other social media accounts. You’ll want to follow those, because there’s going to be contests that they run on Twitter. It happens quite frequently. Not only that, but the Ark subreddit is a really good place to monitor contests. That’s going to be at reddit.com/Ark/ArkEcosystem.
Another great way to stay up to date on contests is to go to the community website arkdirectory.com/events. That’s going to be in the community section, and then you drop down and hit events. That’s going to show you all the contests.
Next up we have the Ark faucet. The Ark faucet is run by delegate biz_classic. The Ark faucet awards free Ark to whoever visits the website. It’s really cool. You can access the faucet on arkdirectory.com/services. Now, since we’re here on arkdirectory. com/services, you can also play games and win Ark daily. This is delegate Fun’s contribution to the Arkosphere. You can play one of two games. The Stay Deluded crypto game, aka Match Three, and the newer Bold Ninja game, which is an endless runner. Just click on either of those games and get a chance to win free Ark daily. It’s pretty cool.
Next up we’ve got voting rewards. We talked about voting rewards a little bit earlier, and we talked about voting with your wallet. But to be more specific, you can earn Ark on a continuous basis in exchange for voting for a delegate. The Ark you have carries a certain weight. So if you vote for a delegate with a large amount of Ark, you will receive more Ark ongoing from that delegate voluntarily. If you vote with less Ark, you will receive less Ark in terms of voting rewards. There are various calculators you can use to determine how much Ark you’re expected to receive from certain delegates. That is available at arkdirectory.com/delegates. If you just want a quick and dirty breakdown, I worked out that for the average foraging delegate, like plus or minus, you can expect to receive one Ark per month for every 132 Ark you vote with or you hold. So it’s very general, and that number will evolve slowly over time, according to the average vote weight of the average delegate, but at the moment, in general, it’s about a one to 1/32 ratio in terms of ARC monthly.
Let’s move on to retail. You can start a business and sell goods or services, digital goods, and receive Ark in exchange for that. This has a handy advantage because of the mark up that you can charge people so that you receive more crypto than your goods or services are worth, and then you can sustain against market volatility using your profits from retail sales. That’s not investment advice. That’s business advice, and I’m not telling you to buy the Ark token or anything like that, but retail is a great way to stack up your crypto. If you want more crypto, it makes sense, because you’ll get twice as much as you would get on the exchange if your margins are 50%. So et cetera, et cetera retail. There’s more information about that on arkdirectory.com/kit. That’s one’s in media, and then you drop down. You’ll see media kits. There’s a presentation called Streams of Income, and that talks about everything I’m talking in section seven, this section right here. Okay, great.
Let’s go to services and favors. Something else you can do is hit me up directly on Slack or Discord. Hit up delegates. Just ask them if there’s anything you can do to help them in their daily life in exchange for a small amount of Ark. You will be surprised. You’ll be surprised who will take you up on that. It’s a cool way to get a small amount of Ark. It’s a cool way to help the ecosystem and help people who are crushing it every day to make the ecosystem into a thing and a bigger thing than it was yesterday. So check that out, too.
Next up we’ve got general bounties. You can monitor the Ark subreddit for those. These are things like the docs.ark.io bounties that I contributed to, actually. I received Ark from the team as a community member in exchange for writing some of the documentation on docs.ark.io. So it worked out quite well. If you detect any additional bounties that show up, they’re going to show up in the subreddit and on the Ark blog, which is at blog.ark.io. So keep your eyes peeled for that.
Next up we’ve got hosting events. You can host a meet up in your area, talk about Ark. We can set you up with presentation materials. This is something that Matthew DC, the chief strategy officer of Ark, is interested in developing a type of program like this. So if you want to be a part of that program or help that become a thing and earn some Ark for talking about Ark, then please contact Matthew DC. You can email him on ark.io/team. You can also contact him on the Ark Slack, and we can go from there. Great.
Let’s go on to the foraging delegate notes. Right. You can become a foraging delegate, and you can earn Ark in terms of foraging new Ark and helping the network stay resilient and reliable. Now, there’s some information about how much Ark you can earn and how that all works in the Streams of Income presentation that I mentioned earlier, so check that out.
Next up we’ve got code bounties. This is an ongoing program, and Ark has a bounty wallet that it uses to reward community developers for squashing bugs and implementing new features into our open source Ark products. It’s really very cool, and it’s head up by Rok, aka Bold Ninja, on the Ark team. So he’s really cool and fun to work with, and it’s a lot of-
He’s really cool and fun to work with and it’s a lot of good times, just helping ARK and developing for the future. You can learn more about that on the ARK blog, which is at blog.ark.io. Every month we release the GitHub bounty winners, who win large amounts of ARK, and then we also offer small ARK bounties that you can grab just for completing a poll request or comment. So you can learn more about that by checking out the blog and seeing how it all works.
Okay, next up we’ve got Hack-a-thon. So Hack-a-thons are happening all over the world with ARK and this season the Hack-a-thon season, you know, because school and everything, so it’s going to start ramping up and all that. You can keep your eye out for Hack-a-thons on the Reddit and ARK blog for sure. That’s going to tell you where the next ones are going to be. There are usually prizes involved with these Hack-a-thons so you and a small team will think of an idea and build that idea using ARK technology in X hours or less and then compete and be judged and see which one is the winner. It’s a really fun way to get your hands wet with the ARK code base. So if you are interested in programming and just like being a part of that subcommunity, I recommend that you seek out Hack-a-thons and give them a try. Okay.
Great. Next up we’ve got ark.io careers. If you feel that you can bring a unique skill set to the ARK team, let us know and send an email to email@example.com. ARK loves hiring directly from the community. And the ARK community is an endless source of skills and talent. I’ve seen that firsthand. And that’s why I love to be a member in the community and now on the ARK team because I feel that my skills, talents and efforts are not going unnoticed. So if you are interested in joining the team, send us an email.
So last up, we’ve got my ARK community committee. So the ARK community committee runs on the ARK discord at discord.ark.io. So if you are not a member of that yet, I recommend that you become a member then you can hit me up and ask to join the ARK committee. The ARK community committee is funded by the community and that’s a lot of syllables, huh, it’s funded by the community and in our most recent launch, arktimeline.com, that project garnered 1,000 ARK from the community that I handed out to all the community members who helped. Yeah, it’s a lot of syllables, it’s a lot of c’s, it’s a lot of m’s, it’s a lot of t’s. The ARK community committee. Get started with it today.
Okay, let’s move on the item number eight. Now have you spend any ARK yet? Have you traded any ARK for goods and services or are you just holding it or are you just trading it? Well, there are a lot of ways for you to spend ARK that you may have seen around the ARKosphere. Let’s touch on them briefly now.
So to look at these, you can go to ARK directory and then you’ll see community area and you’ll go to services. Cool, these are all the ways that you can interact with the ARK community using the ARK [inaudible] token. Nice. Let’s start out with delegate ARK moons, buywithark.com. So this is an e-commerce retail channel and it offers tools for sellers and easy features that buyers use to exchange ARK for cool stuff. Currently, buywithark.com has some commemorative coins that you can get and ARK sticker packs that are mailed anywhere in the world. That leads us to arkstickers.com. That is my service that I started as a community member. What I do is I mail sticker packs, very high quality, large and small, multi-colored ARK stickers all over the world along with an ARK info sheet. Pretty cool.
Moving on we’ve got arktipper. So arktipper is a delegate service that is launched by delegate cryptology and arktipper is a really fun way to utilize the ARK [inaudible] token because whenever you are on Reddit, you can use arktipper to tip any Reddit user some ARK. You can do that in the form of ARK directly. You can also do it in form of USD equivalent value and there’s other currencies that are supported and there’s also other ways to interact with the arktipper and I can’t go into all of them now. It’s just versatile. You should go check it out. That’s at reddit.com/r/arktippr. Okay, so it’s arktippr, all one word, there’s no er at the end. It’s just tippr. Great. You can tip other Reddit users for providing really cool ARK content on the ARK subreddit or you can tip your friends. You can also send ARK directly to them using private messaging. It’s really nice and I invite you to use it one time.
So next up we’ve got arklogoworks.com. Arklogoworks.com is a delegate service run by Cam’s Yellow Jacket. Cam’s Yellow Jacket is a new delegate on the block that plans to produce high quality ARK videos and I cannot wait to see the first one. You can get high quality metal, decorative ARK logos that you can use anyway you want. Check it out today at arklogoworks.com. Next up, we’ve got arkforit.com. So this is arkforit.com and what is arkforit.com? Well, this is a community service that is run by broadcast junky and broadcast junky is an ARK fan who also happens to be a cybersecurity professional and he felt that it would be great to add value to the ecosystem by allowing a service for people to secure their computers with powerful enterprise antivirus software that you can’t necessarily get on your own at the same price and offer those services along with helpful advice and consulting. This is all very carefully described on the website and you may have some questions about how this works and what this actually entails but it is all quite easy to understand on the website. So arkforit, it’s a great service, try it out.
We’re going to culminate this list with inistea.com. That’s going to be inistea.com. This is a very cool e-commerce website run by an ARK fan and you can purchase tea using the ARK token and get a 20% discount. How cool is that?
So here’s the podcast, okay, I’m hearing the podcast. I’m talking to you, you are listening to all my episodes. This is episode 11. You are having a good time. You are looking forward to the next episode, okay. It’s time for you do at least one thing for me and do something on this list. Do any one thing you want on this list. It doesn’t have to be arkstickers.com. It doesn’t have to be getting really, really nice ARK stickers and shipped all over the world. It doesn’t have to be that but it has to be something in this list. We need to help the community service providers. If you can get that done, then you are the real MVP.
Okay, let’s close this episode with item number nine. Item number nine is if you are considering launching a delegate and delegate proposal, have you launched that yet? You’ve been thinking, you’ve been talking with friends, you’ve been kind of outlining a general concept of an idea of maybe a delegate proposal perhaps. I want you to sometime this week if you have already been thinking about that, to flush that out further and pick that back up and get that going. Okay, because new delegates are super exciting. I can’t wait for the next new delegate to show up. Every time a new delegate is showing up in 2018, it’s getting cooler and cooler and cooler and the delegate veterans are just ramping up their services more and more and more and that is really a key driving force in the overall ecosystem and community. Interoperability aside, bridgechains aside, okay, the delegate landscape is, I feel, a very notable source of value in the ARK ecosystem and we can only expect this landscape to grow in scope and reach as delegates come into the ring and delegates evolve their services. So if you have been thinking about throwing your hat into the ring on this, then you should start doing that and getting that done. Because I literally cannot wait to see what you have cooked up.
In conclusion, you can clearly tell by the tension in my voice, that I want you do to stuff and I want you to do ARK stuff and if you are not doing ARK stuff, you better start because that’s what this is. That’s what blockchains are. Blockchains are people doing stuff. And I’m doing stuff and the team is doing stuff and the delegates are doing stuff and you need to also do stuff. So pick one of these nine items, if you didn’t do it, do it. If you are doing all nine of these items, congratulate yourself. If there’s something you can work on a little bit, do that. Great. We understand each other.
All right. That’s going to do it for this episode of the ARK Crypto Podcast. Tune in next week for episode 12. Now this episode is going to be released while I an literally in Vegas so how is that going to work? I don’t know. I want to get content and then I want to edit that content and then I want to release that content. Ooh, I’m going to have to figure that one out but I can definitely promise you that episode 12 is going to have a lot interesting factors. Factors like six, four, three and if we have time, two, one and twelve.
You can subscribe to the ARK Crypto Podcast one and twelve. You can subscribe to the ARK Crypto Podcast at our website, the arkcryptopodcast.com. You can also subscribe directly on Itunes, Google Play, Stitcher, SoundCloud, Spotify and a brand new service that you can see on the arkcryptopodcast.com. You can also follow us on Twitter at ark_podcast and you can even stream our episodes directly inside of our tweets. How cool is that?
See you next time.
Episode #010 — ArkTimeline Project Launch & Mass Adoption Presentation — BlockchainNW Seattle Oct 16 2018
The tenth episode of the ARK Crypto Podcast is here! This episode brings us back into the action after a brief break. The recently formed ARK Community Committee has launched its first collaborative project, arktimeline.com/. Check it out and learn of all ARK’s many achievements since inception. This was a joint effort from many committee members, and you can see the chat history of collaboration at discord.ark.io #committee. Today is a very proud day for ARK!
The ACC needs 1000 ARK so I can pay the hardworking team, keeping none for myself. Here are more details on how to help: twitter.com/ArkStickers/status/1053096545518669824
Also in this episode, you’ll hear my talk on Mass Adoption Concepts at BlockchainNW in Seattle, WA on October 16th. I met some ARK fans there as well, including the winner of the DI1BT Contest! How cool is that?
For more information, visit our website: https://TheARKCrypoPodcast.com.
This episode is hosted by Justin Renken.
Hello, Cryptoland. I’m Justin. It’s Friday and this is ARK Crypto Podcast, Episode 10. Well, a lot going on for me at least with ARK this week, a lot to talk about and I’m super excited. Ah, hard to keep my mind in order. Let’s do first things first. Last week, there is no episode released seven days ago for the podcast, and you noticed that the week before that there were two episodes released.
You could say that we released two and then we didn’t release one the next week, and now, we’re back. You could say that I got really sick which I did, and you don’t want to hear that voice in the podcast. It wasn’t sounding great. And so you can pick the reason you like better and apply that to why there was no episode last week. But we are back with episode 10 and you know what that means, the ARK Crypto Podcast, since its launch, has gone 10x.
Now, the podcast has some new exclusive, never before heard content that you can here today in this episode. That is, my talk from the Seattle Blockchain Northwest Summit that I went to on Tuesday. And I had a really great time there. It was a really nice conference and a lot of great speakers and very cool panels with really nice themes. And a lot of people wanted to talk to me about ARK like during the breaks and after that the show and everything.
When I first got there, there was some issues that were going on with the sound and video projection, lights and stuff, and I have a lot of experience there. So I was able to help the Blockchain Northwest team. I get everything up and running smoothly. I also never leave home without my wireless kit, so I was traveling with that, and we use that to help the panels get mic’ed up with multiple wireless mics and it sounded really great.
So, I was really pleased to be a part of this summit as well in terms of helping it run smoothly. And you can see some photos on Twitter but more importantly, you can hear what I’ve said in this episode. So we’re going to listen to that. And a video will be released on the ARK.io YouTube channel that we recorded in 4K in all of its beauty that you can check out over there as well. That’s not out yet but it’s coming soon.
What else is going on in the ARKosphere? Well, you might recall that a few weeks ago, I launched what’s called the ARK Community Committee and the ARK Community Committee is a group of people that volunteered to do cool ARK stuff together, collaborate all over the world, and we started up with our first project codename CHRONOS.
This was probably maybe a month ago that we started this up, and I’m pleased to announce that as of today, it’s ready and launched. The real name of project CHRONOS is arktimeline.com. What is ArkTimeline? Well, this is a resource that multiple people in the committee came together to make into a reality that allows anyone to see how far ARK has come since its inception in late 2016 and mainnet launch in early 2017.
You’ll notice that Twitter has a lot of info about crypto projects and what’s going on. The issue is it’s really hard to kind of see in the past the ARK of accomplishment that a project has and then the roadmap tends to focus more on general achievements over time. So I thought that there’s a lot of value in being able to get caught up quickly if you first hear about a project, but they’ve already been running for two years, something like ARK. There should be a quick way for you to kind of see everything that’s happened from ARK’s point of view, from the project’s point of view and search it, filter it, explore it and in terms of categories.
This is what ArkTimeline is. It’s the Twitter account of ARK.io, the ARK Ecosystem @ArkEcosystem but instead of looking at tweets and endless scrolling, we’ve designed headlines that kind of read like slugs that describe events that happened in the ARKosphere over time. These slugs are also categorized so you can basically see, for example, all of the accomplishments relating to the wallet, what day it happened. There was a release, what was it, when was Ledger integrated, things like that. You can click on it, and then you can see the tweet.
Not only that but you can search and filter. You can also search by date so if you’re wondering for example what did ARK do in Q1 2018, you can set a date filter. If you’re only interested in, for example, interoperability, you can click that checkbox and see all of the events that pertain to your parameters. Not only that but we have a really cool feature that we call Big. So if we determine an event to be big, for example, the formation of the SCIC business entity or the approval of the mobile wallet on the iOS store. That’s going to be specifically marked and colorized so you can see which events are big, big if true, and they are.
So check out this resource at Arktimeline.com. Now, that we’ve launched it, I did bring up when I first formed the committee that I intend to seek out bounties to compensate people for volunteering their time and contributing to various projects. It’s kind of more like we show you results and then you appreciate those results, and feel more comfortable putting up ARK in exchange for having these resources exist.
So what I’ve done is I’ve set up an ARK address. This is an ARK address that you can see on the ArkStickers Twitter. I released a tweet with the QR code and the address for the ARK timeline bounty address. Now, the goal is 1,000 ARK for the ACC. I am not going to accept any ARK personally. I’m only a liaison project manager. Only ARK Community Committee members who are working on the project, for example, categorizing and naming all of these events. The dev team, it’s a two-person dev-team who built the actual resource, made it all talk.
There’s a really smart and intelligent admin control panel login area, so members who don’t know anything about coding can maintain as an admin, maintain the resource as new events happen. It’s really quite intelligent. It also has day and night mode. I know ARK fans really love day and night mode. It has that. And so, what I want to do is I want to get 1,000 ARK into this address. This can come from Ark Angels like private holders. This can come from the ACF. This can come from the ARK Bounty Wallets.
It can also come from community members or delegates and once it gets to a thousand, I already have the breakdown of the percentage contribution of all the different members, and I’ll be able to award them for their help. So if you would be so kind as to contribute some ARK after experiencing a resource if you really like it, then please start filling up that wallet.
Our next projects are in the works. We’ve got a couple of them and I’m not too sure which one we’re going to tackle next, but we really do hope that you enjoy ArkTimeline.com and there it is. So let’s move into the exclusive release of my presentation ARK Ecosystem Mass Adoption Concepts that I gave at Blockchain Northwest in Seattle on Tuesday, October 16th. Enjoy.
Next, we have Justin Renken from ARK.io. It’s the next generation blockchain platform. Also, I want to give a big shoutout to Justin too helping us on a few things on the AV as [inaudible 00:08:43] from Los Angeles. So, Justin Renken.
Yeah, I got the clicker, yeah. Thank you.
What’s up, everyone? Blockchain Northwest, here we are, very cool. I appreciate you guys not clapping, it means you want to see if I’m good. I get it. You’re very discerned for sure. I was really excited to come out to this conference because it’s in a comedy club and I’ve done stand-up comedy so this is like my zone, I feel very comfortable. Now, I’m up here talking about blockchains so that’s even cooler.
ARK.io, it’s a really exciting platform that has been getting worked on for over two years now something like that, and a lot of accomplishments along the way as well. What we’re going to do today is talk about some mass adoption concepts. I custom cooked up a little presentation for Blockchain Northwest specifically because the theme is mass adoption concepts, of course.
And when a community member over in ARK messaged me about this conference, I was like, “Well, let me check it out.” So I sent email. I was like, “Hi, my name is Justin. I am from ARK.io point-click blockchain and I want to do a little talk at your conference, see kind of what’s going on.” He’s like, “Oh, hi, Justin. I’m Justin too. Let me tell you all about the conference.” I was like, “Oh, hold on, you have the same name as me? All right, I’m in. I’m already booking you right now.” Same name squad. Nice.
Let’s get started with that. I’m going to start with some abstract concepts, just things that I kind of feel and ARK feels are important to get to what we call mass adoption. What is that? What does that entail? And then I’m going to talk about ARK and the concrete applications that ARK is using to achieve and kind of relate back to these abstract concepts relating to mass adoption. So, let’s get started with that.
Get out my handy-dandy remote here, test that out. Cool, that’s our logo. It’s pretty one, red and pointy. You’ll see it on page one of CoinMarketCap. This presentation is available on a community website called ARKdirectory.com/kits. I also have four other presentations that they cover lots of different things from what it is, how the inflation works, different ways that people can earn and get ARK within the ecosystem. You can check that out. There’s also a lot of other resources there.
And there are some disclaimers as we know. We know this because we watched the videos on YouTube and they all have them so here we go. This is not investment advice. You guys knew that. It’s not solicitation of investment and the presentation does not contain any insider information. The presenter might be on the ARK.io team. In this case, I am. I’m the communications specialist for ARK.io. I was hired about three months ago.
The accuracy of statements is not guaranteed and the ARK token is not a security and the presenter likely holds ARK tokens. I do. In fact, I have 20 ARK tokens on my phone right now and if any of you would like to download the ARK mobile wallet which is on Android and iOS, at the end of my presentation, I will ask someone to volunteer to come up and receive the ARK that I have on my phone on to your phone. You’ll receive that ARK within eight seconds, which is a very fast block time for decentralized project such as ARK.
Hit the iOS store or the Android store right now if you want to download the app and you want to create a wallet. It’s very easy to use that’s why I’m not giving you any instructions because ARK is a platform for consumer adoption. We want everything to be very, very easy. So why don’t you tell me if it’s easy and if you like it, then I’ll give you some ARK.
Let’s go to the next slide and that’s me because I have a remote. Not used to having a remote, guys. So, abstract concepts, we’re going to talk about these and then we’re going to talk about ARK and how ARK is using this to kind of marry this all together. Abstract concepts like mass participation, reduction of barrier to entry, the emotional response, community strength and the inspiration feedback loop, that’s one of my favorites.
And then ARK which has beautiful wallets and elegant voting system using the Delegated Proof-of-Stake blockchain consensus algorithm. And we have what’s called push button blockchain which allows you to deploy a blockchain in minutes, seconds in the future for any used case that you want. As well, SmartBridges, we want to link together all these blockchains that you’re deploying. Not only that but we want to link together all the blockchains because it just makes sense. We need that to have mass participation. It’s not just going to be one coin everywhere. It’s going to be a bunch of coins that need to talk to each other.
We’ll also talk a little bit about the partnerships and events that ARK is a part of and streams of income as well, how to get ARK, very cool. Mass participation, I hear mass adoption a lot and what is mass adoption? Is mass adoption just, “I have ARK and I give you the ARK and you give me a hotdog and a bunch of people do that?” Is that mass adoption?
It seems kind of simple to me. I think that mass participation makes a little bit more sense because in blockchain world, there are so many opportunities that people can take advantage of that they might not be exposed to in their everyday lives. Once people get accustomed to that, then they’ll be able to use those opportunities to participate in the ecosystem. They’re not just consumers that are like buying stuff with cryptocurrency. They’re also participants who are helping add value to the ecosystem.
It’s not just about the people who have their pictures on the website adding value to the ecosystem, guys. It’s about everyone who’s participating in the ecosystem acting as a participant. You want to give everyone a place to fit in within the ecosystem. AKR does this very well.
Also, a very big one, we like to call this the special sauce of the ARK. It reduces the barrier to entry. We want to make ARK easy for users to start using crypto and blockchains like the wallets and things like that. We want to make it easy for developers to launch their own blockchains. This makes sense because if you’re sitting as a small business, or if you’re sitting as a college student in a dorm room somewhere, some small operation but you have the big idea, you want to get from big idea to here’s my blockchain as fast as possible. That way, you can develop on top of it. You don’t have to worry about having all of the, I don’t know, you’d call it the trinkets and the infrastructures and all that. It’s kind of all handed for you.
And we have a modular system that lets you just plug and play different modules. You want interplanetary file system? Press here. You want ARK virtual machines? You can run smart contracts in your own blockchain, not some other mainnet. Press here. Then you get your own blockchain. Really nice, make it very easy.
Also easy for everyone to interact with other blockchains. We do that with our SmartBridge Technology. The community protocol called ACES or ARK Contract Execution Services. What ACES does is it allows someone who has ARK and an ARK wallet to interact with another blockchain like for example Bitcoin. If the guy that has your hotdog only accepts Bitcoin, you can use ARK and the SmartBridges to send ARK and then they will receive Bitcoin all seamlessly in the background, making it very easy for the end user. This, of course, can be expanded and scaled to any cryptocurrency out there.
Not only that, but the ACES team has successfully established two-way transfers with Ethereum. For example, you can trigger an Ethereum smart contract without even owning the token of Ethereum or touching the Ethereum blockchain. You can do that with ARK and the ACES protocol. So, easy, easy, easy. You guys with me so far? Very cool.
Emotional response. We want to offer people more than just like the risk/reward volatility. If everybody was comfortable with taking risks and gambling and stuff, there would be no meaning of the word. It’s about not everybody is willing to do that. What ARK does and what I personally observed through my own personal experience from being a community member within ARK is that it offers me something like pride, fulfillment, accomplishment, belonging, the sense that I’m a part of something, doing something. What I’m doing is making a difference. I’m making lots of friends all over the world.
All these things play together and have nothing to do with graphs, the price going up and down, any of that. It’s more like, “Huh, my life is kind of better off now that I know about blockchains and I’m doing blockchain stuff than before.” And once people get wind of this and kind of figure this out, we can get to that mass adoption situation, which of course, ties into community strength.
We want to create a community of doers, not watchers, at ARK at the very least. With ARK, the community placed a key role even at the most entry level of I-have-the-token because of the Delegated Proof-of-Stake consensus algorithm. Users can vote for delegates who secure the network, create new ARK tokens and run unique and valuable community services that you can use when you’re using the ARK mainnet token. And that voting situation achieves the decentralization but maintains the performance which is why Delegated Proof-of-Stake is cool.
There are some things that you want to watch out for and avoid with Delegated Proof-of-Stake. But don’t worry because ARK avoids them all, and we’re going to talk about that. You want to give members an opportunity to make a difference and enable members to collaborate with each other. If you have teams who inspire other teams, who work with other teams, who nobody necessarily knows exactly what everybody is doing but everybody is unified in a common goal, that’s how you can really scale the participation. And ARK is well primed for that.
And finally, the inspiration feedback loop. I did touch a little bit about that just now. People, they jump in and do stuff. Others see how cool and easy it is to do stuff. They jump in and do new stuff. This inspires cooler and more stuff and positive reinforcement closes the loop. When you have this loop closed, you’ll have someone like me who gets up and talks about ARK and how cool and easy it is to do cool ARK stuff. Somebody over here is listening to me and now, it makes them want to do the cool ARK stuff and they might know a little bit more than me or even be a little bit more talented than me in certain areas. But now, they’re contributing those talents to ARK and then it kind of feeds back like that, inspiration feedback loop.
Abstract concepts, we got them. Let’s talk about the concrete applications starting with the wallets and voting. And I start with the wallets and voting because it is well known that ARK has the most beautiful desktop, mobile, paper, and web wallets out there. Very intuitive, very easy to use. I’m on the ARK.io Slack all the time where people will join the community and they’ll say, “I’m literally only here because my mom figured out how to use the wallet.” I’m quoting. It’s very easy to use. Mom can use it, very cool.
All the wallets launched instantly, so you don’t have to like sync stuff. That’s all taken care of through the DPOS consensus algorithm. And it’s available on Google Play and iOS. It’s open source as well just like everything else ARK related. The community can suggest features directly and work on the code which is cool. That ties into mass participation. You want everybody contributing their ideas, making the product better, a reduction of barrier to entry, so easy to use.
Also, the desktop wallet is integrated with Changelly, so you can buy ARK from the directly inside the desktop wallet which is really handy. You can also do that with a credit card depending on your country region with Fiat. Also the desktop wallet is integrated into the Ledger Nano S, so you can have your coins on your desktop wallet and protect them with your Ledger. You can also vote for delegates using your Ledger. How secure is that? Nice.
Also, the emotional response. I have a friend who has suggested a feature in the mobile wallet and said, “Hey, I have a really cool idea for a feature.” I said, “Hey, get on the GitHub and suggest that feature.” So, he did. He laid out the details and then the team put that into the wallet in the next update. He was like, “Whoa, this is my idea. It’s now in the wallet. How cool is that?” That’s the emotional response that we’re talking about. And, of course, that inspires everybody else to get involved.
We talked about wallets. Now let’s talk about voting. Now with voting, the users vote for delegates and in ARK, there’s 51 Delegates who create new ARK tokens, secure the blockchain, and offer unique ARK services. There’s also relay notes that increase the resilience of the network. They don’t create new tokens but they’re useful for providing like tendrils to connect to the blockchain and also just making it more robust in general.
Now as a user, you’ll vote with your wallet and it’s one vote per ARK. If you have 100 ARK, you have 100 votes. You can only vote for one delegate at a time. You can’t vote for multiple delegates. Now these delegates create new tokens and they don’t keep them all. They voluntarily share them with their voters through the blockchain. They pay that out voluntarily and you get what’s called voting rewards. And that means that you can basically stake while your wallets are offline. If you have some ARK on a desktop wallet or a mobile wallet, then you can vote for a delegate, shut off your phone, shut off your computer. Nobody cares. The delegates do their thing. They reward you ARK. It’s super easy, very easy to use, very intuitive.
Now, the delegates do not control your coins at any point, so you’re not giving your funds to them. You’re just storing your ARK in your wallet and your ARK has weights that is assigned to the delegate that you’re voting for. If your ARK and your wallet or goes up or down, you add ARK to it or expand ARK. Your voting weight will automatically adjust and you don’t have to do anything. It’s all very intuitive and very easy.
You can get ARK throughout the year. How much can you get? Well, it’s kind of complicated. There’s lots of factors that determine how much ARK you can get but this is a very general average number that I like to tell people that for the average forging delegate expects one ARK per month for every 132 ARK in your wallet that you have in your wallet. If you have a 132 ARK in your wallet, you’ll be getting about one ARK per month from the average delegate. You can go to ARKdirectory.com/delegate to learn more about how delegates work, how voting works, who the delegates are. They all offer really cool services that you can also check out as well.
Delegated Proof-of- Stake, let’s talk about that. Delegated Proof of Stake is the consensus algorithm. It’s faster than Proof-of-Work, more representative than Proof-of-Stake. You can run delegate nodes with standard hardware. The ARK protocol help prevent voting cartels because it’s one ARK per one vote weight. And you can become a forging delegate with zero funds. All you need is the votes, so you don’t have to like be rich already to have a say in the network. All you need is support.
Anyone with a team wallets don’t vote delegates in the power. It’s all the community. It’s all the network. The ARK team and the ARK wallets don’t point at people and say, “You’re a delegate, you’re not.” That’s important for decentralization. And this ties into reducing the barrier-to-entry, emotional response, the community strength and the inspiration feedback loop. Because with the delegates, when the network first launched, anyone could become a delegate.
But eventually, new delegates came in to offer higher payouts. And then after that, newer delegates came in to launch unique services that says if you vote me into power, not only will I pay you a lot of ARK out but I’ll also, for example, like run video game tournaments or also design cool games people can play and earn ARK or I’ll have an ARK faucet that you can get free ARK every day, things like that. Then this inspires newer delegates to come in and launch bigger services and the cycle feeds back. There’s another website, ARKdelegates.io you can go to, to learn more about that.
Push button blockchains. We need push button blockchains that anyone regardless of their technical background or aim can utilize and leverage blockchain technology. Deploy your own blockchain as easy as possible. Create a blockchain using a graphical user interface. This is super cool for ARK because if you don’t have all the technical knowledge, it’s okay. You can just use the graphical user interface to point, click, drag, drop, design your blockchain with helpful guides and visual cues to get you set up. And then you can build on top of that.
18 programming languages are supported. Got to include them all. And you can utilize webhooks for event listening. This is really cool if you don’t want to be polling the blockchain all the time, “Hey, let me know about this. Hey, let me know about this. Hey, let me know about this.” With webhooks and with ARK, it’s more like, “I’ll let you know when something happens. Just quit bugging me.” That’s how webhooks work. It’s very cool.
Also, the modular architecture uses the plugin structure, so you can, as I said earlier, you can have specific modules like the [inaudible 00:26:51] package or ARK VM or IPFS. You can design your blockchain with or without these modules, and it uses a powerful test suite, the Jest Framework is really handy. This is all cool but if it’s too technical for you all, no problem. Push one button. Blockchain right now, much customizing, not very hard. Wow, such enhancement anyone can do. Nice.
SmartBridges, we want to connect all the blockchains just like I said. ARK Contract Execution Services, it’s protocol agnostic. So that means that it doesn’t matter how the two different blockchains are set up. It will still interoperate. We connect it to Bitcoin, Ethereum, Litecoin and of course, we’ll connect to the ARK BridgeChains. That’s what we call ARK [inaudible 00:27:39].
Multiple chains eliminate network bloat because if you have your own network and your own blockchain, you don’t have to worry about your neighbor who is running a really popular smart contract bogging down your performance. That’s what ARK is trying to do, make a lot of blockchains, make them talk.
We have a lot of partnerships with various other projects and organizations like Bitcoin PR Buzz. Blockport and Changelly are exchange partners. Hiway.io for HR resources. MARAChain for secure document transmission. The Ø Crypto Union for crypto lending, Major League Hacking so we can get our idea out there for aspiring developers. And of course, we go to lots of events like we completely blew up Consensus NYC. It was awesome, and we also went to Consensus Singapore, ToFinance and way, way more.
Also, mass participation. You want to have lots of opportunities for people that discover ARK to do stuff, and there’s just so many. We have the ARK community fund. It will fund your project any idea you want that helps ARK. You can get funded. We have contest running all the time. You can get voting rewards as I explained. You can run retail sales. I have a website called ARKstickers.com. I mail ARK stickers all over the world. It’s really cool.
Services and favors, general bounties, hosting events. This one slide is an entire presentation that you can check out on ARKdirectory.com/kits or my ARK Crypto Podcast. You can check this out in Episode 5 and you can subscribe on the ARKcryptopodcast.com, not bad. Here’s our logo again. It’s pretty sweet, right? And our Twitter is @ARKEcosystem. If you have Twitter, follow us there. All of our news is there and here is our website for my podcast. I have new episodes releasing every Friday.
That’s it. Who has the wallet? Does anybody want ARK? You raise your hand. Come on up, man. Come on up. I’m going to give you some ARK right now. Okay, you got it, man. It’s all good.
Good job, that easy, eight seconds. This is ARK. My name is Justin. Thank you very much for having me, Blockchain.
All right, that’s going to do it for this episode of the ARK Crypto Podcast. Tune in next week for Episode 11. I really have to start working on these next episode promos. They could probably sound a bit more enticing. But then I would have to admit that I don’t really know what I’m going to talk about next week. Oh, no, I just did.
You can subscribe to the ARK Crypto Podcast on the ARKcryptopodcast.com directly through iTunes, Google Play, Stitcher, SoundCloud and now Spotify, not bad. And you can also follow us at our Twitter which is @ARK_podcast. You can stream our episodes directly inside your tweets. How cool is that? well, we’ll see you next time and thank you for listening.
Episode #009 — Discussing Finalists And Revealing The Winner Of The Describe Ark In 1 Block Contest Part 2
The ninth episode of the ARK Crypto Podcast is here! I discuss the finalists of the ‘Describe ARK in 1 Block Time Contest’, sporting a 180 ARK prize provided by delegates fun, deadlock, rising_sun, pieface, thegoldenhorde, thefoundry, arkade_delegate, yin and goose. I also announce the WINNER in this episode! To maximize your enjoyment, try to resist skipping to the end 😉
For more information, visit our website: https://TheARKCrypoPodcast.com.
This episode is hosted by Justin Renken.
Hello Crypto Land, I’m Justin. It’s still Friday and this is the ARK Crypto Podcast, episode nine. Well we’re moving things right along here with the judging of the Describe ARK in 1 Block Time Contest. That contest is sporting a nice prize of 180 ARK. This is winner take all. And in this episode we’re going to touch on the finalist entries and I’ll provide some insight on those as well. That prize is sponsored by many generous delegates including fun, deadlock, rising sun, pieface, the golden horde, the foundry, arcade delegate, yin, and goose. Thank you so much for providing the prize for this contest and in this episode we’re going to see who gets that prize. Exciting times. Hopefully you’ll also learn a little bit more about ARK than you did before, which is a nice goal to have, right? Let’s get started.
So these entries are going to be read shortest description to longest description so there isn’t necessarily a ranking. Here we go. Well, we are going to kick things off with a goodun. Oh yes, I really like this one. User Colinkstin says, “ARK is block chain for the rest of us.” Now let that sink in. I really like it a lot. ARK is block chain for the rest of us. Now why is it that I like this one so much?
Well, ARK’s goal is really to lower the barrier to entry for users, developers, and everyone else to utilize block chain technology. You know, in the current space where you have the vast majority of projects requiring a very high degree of acuity and knowledge and experience to utilize block chain technology, ARK’s goal is to include as many people as possible beyond just those people. ARK wants to include everyone to be able to utilize block chain technology if needed.
And really, I feel ARK is doing the best job at achieving this and striving for this in their vision which is why I’m on the ARK team, because I think that’s very important. I want as many people as possible to use block chain technology. It just makes sense. So when Colinkstin said, “block chain for the rest of us,” it really resonated with me a lot. Dare I say, and I might say and dare to say it rivals point click block chain. Okay. I’m just saying it one time. I’m not trying to fork the slogan, but I’m just one person saying one thing.
Let’s move on to Moizam2K. Moizam2K says, “ARK is a secure financial layer for your online business in one click.” Wow. Very concise and very effective way to describe ARK. You know, with ARK’s push-button deployable block chains, even a smaller franchise business could spin up their own block chain for purposes such as inventory control or a rewards program. And they wouldn’t need to know everything about block chains and cryptography to do that.
So Moizam2K’s description really fits in well with ARK. Next up we’ve got JimmyRNJ. Alright, JimmyRNJ says, “ARK is one of the most innovative platforms that links block chains through smart bridges.” Well, smart bridge is a term used exclusively by ARK so I would say that ARK is the only and most innovative platform that links block chains through smart bridges. But I’m splitting hairs here and I’m just joshing with you guys a little bit. I like this entry a lot, thank you so much.
Alright, next up we’ve got Sioband. So Sioband I’ve noticed around the ARKosphere doing ARK stuff, good on you Sioband. Sioband’s entry is, “Any crypto, any block chain, any developer, any platform, one solution: ARK ecosystem.” Oh I really like that one too. It kind of rings. I get it. That’s a great one. Thank you.
Okay let’s move up to Motto121. So Motto121 says that “ARK is an ecosystem interconnected block chain network trying to connect all other block chains.” So I wouldn’t necessarily say trying to connect, but I understand that it hasn’t connected them all yet. However, ARK’s community ace’s protocol project has successful established two-way transfers with bitcoin, light coin, and Ethereum. And you can use ARK and the ace’s protocol to fire off an Ethereum contract without ever touching or owning the Ethereum token. So that’s not a bad start. And the ace’s protocol does have the capability today to connect all other block chains. It simply is up to community developers to join up with the ace’s project and implement ace’s encoded listeners for whatever chains they want.
So at that point it’s just a limit of who wants to jump in and who wants to increase the list of chains that ace’s communicates with. Pretty cool. Let’s move on to Trout Fire. So Trout Fire says “ARK is the internet of block chains. Easy to build off of and connect to countless projects.” Very true, very apt. Describes ARK. I do like this submission. I think it’s really good. I think it should be a finalist and it’s great. Thank you so much.
Alright so after that we have Azure Infinity. That’s a very cool sounding name, I like it. Azure Infinity says “ARK is an open source interoperability ecosystem built for anyone requiring a block chain solution.” Which is very true, and very short way to describe a lot of what ARK does. I think it’s an effective entry. I think there’s a lot of syllables involved. I had to do that a couple times and delete a couple takes, I’m not gonna lie about that. But I really do like the entry. Thank you so much.
Okay, let’s move on to Allie Bite. So Allie Bite says “ARK is the quickest and cleanest looking block chain on the planet, with a killer community and a bright future.” Oh I really like this one. This is a good one. Let’s read that one more time. Allie Bite says “ARK is the quickest and cleanest looking block chain on the planet, with a killer community and a bright future.” And you know I agreed with all this so much that I got off the couch myself and I started to help ARK in any way I could, just as a community member doing things for ARK and coming up with different ideas to get the word out and build resources for people to learn more about ARK more easily.
And I think that if I read something like this at the beginning I would be that much more excited to get involved. I really like that this entry is not so much quantitative in terms of speed, scalability, it’s decentralized. It’s more qualitative, where it’s speaking to that part of the brain that responds emotionally, right? The quickest and cleanest looking block chain on the planet with a killer community and a bright future. I get that. Okay, next up we’ve got Rocked.
And I like to say Rocked, just based on the spelling. But Rocked is also on the ARK community committee working on our first project called project chrono so that’s the code name, and we’re collaborating all over the world to come together and build a really cool, educational resource that helps a lot of people learn about ARK and learn just how far ARK has come since its launch in early 2017 and inception in late 2016. And Rocked is a really great community member, we really appreciate having him around. I do know it’s a him. And we’re gonna read his entry now, which is probably gonna be good. Here we go.
So Rocked says “ARK is providing the tools developers need and users want to enable mass adoption of block chain technology.” Very effective entry. Describes it and hits it right on the head. If you walked up to somebody on the street and they asked you “oh, what’s ARK?” and you said this, I would not be in any way displeased with that. This is great. Thank you so much.
Alright let’s go to Nevers Believe. So Nevers Believe listed off some specific aspects of the ARK toolkit in their entry. And Nevers says, “ARK, where [inaudible 00:08:40], IPFS, and interoperability come together to form the market’s top customizable template block chain solution.” Yeah, true, and great. ARK is a delegated proof of stake consensus algorithm, where you have 51 delegates processing blocks, creating new ARK, and running valuable community services that you can utilize when you’re using the ARK main net token, which is also very cool.
Not only that, but ARK is also working on the IPFS module that will be a plug in for ARK v2. IPFS stands for interplanetary file system and what this would do is it would allow for a block chain to be able to store and represent large files so that services can access those files and the storage would be decentralized. So you wouldn’t have to run a block chain, which is decentralized, and that block chain may require access to larger files, right? You wouldn’t have to store those files on a centralized server because that wouldn’t really make sense. It would also provide a weak point if decentralization is your aim. So ARK is working on the interplanetary file system module that will allow you to decentralize the file storage as well. This would be very useful because I would say that-
… as well. This would be very useful because I would say that having files and access to files is pretty important if you want to build any type of system that goes beyond, “Here’s some tokens, give me a hot dog.” Now, Nevers also mentioned interoperability, which is true. The ASUS protocol and decentralized smart-bridges that ARK inter-operates with other chains, ARK will be able to inter-operate with its own bridgechains. A bridge chain is what we call it when you create your own blockchain for whatever purposes you want. That is not called a sidechain in ARK land.
In ARK world that is called a bridgechain, because when you create your own blockchain, it will be inter-operable right out of the box with the ARK main net. Then you will be plugged into the overall larger ARK ecosystem. It’s a really cool thing, and I look forward to the ecosystem growing. Thanks for your entry.
Okay, let’s move on to Tyler J. Keenan. So, Tyler J. Keenan provided an entry, obviously. If he didn’t he would not be mentioned in this podcast. Uh-huh. His entry is, “ARK empowers everyone, regardless of their aim or technical background, to quickly and easily leverage blockchain technology.” Ah, this is a bit of unique approach that Tyler took. Let’s read that again.
So, Tyler J. Keenan says, “ARK empowers everyone, regardless of their aim or technical background, to quickly and easily leverage blockchain technology.” Okay. Now, let’s break this down. Because each section, it’s really well put together, and touches on a key aspect of what ARK’s vision is, and what ARK does. Okay.
So, the first one, right? ARK empowers everyone. Yes, ARK empowers everyone. That’s the goal. That’s what ARK is doing, that’s what ARK wants to do. Let’s move on. Regardless of their aim or technical background. This is great, okay. This is great because it directly touches on the reduction of barrier to entry, so that everyone can participate in the blockchain space. Regardless of their aim or technical background. ARK wants people who know a lot about programming, and a lot about coding, and a lot about computer science, to be able to easily use blockchain technology. Why do extra work if you don’t have to, right?
But, ARK also wants to allow people with less acuity and less capability in the technical space who have an idea, and a means to execute that idea, with the ARK blockchain tool kit. ARK wants to empower them to also utilize blockchain technology so that they are not stuck wondering how to get this done, or having to hire really expensive people to do it for them, or something like that.
And finally, we’ve got to quickly and easily leverage blockchain technology. Well, of course, that’s the idea. ARK push button deployable blockchains, push a button, deploy a blockchain. That sounds quick and easy to me. And I don’t see a lot of projects offering this type of solution, right? Push a button. Get your own blockchain with all of the powers and tools that the main net would have, and have access to, but you can customize and control all of those parameters, and build whatever decentralized applications or settings that you want to have on your network. Run your network with a delegated proof of stake, very fast, yet decentralized, and fair governance system that allows high security when the network is small, unlike proof of work. And not only that, but be inter-operable with an entire world of blockchains. I have not seen that. If you have seen that, let me know.
Let’s move on to Walked That Way. So, Walked That Way says, “Want to create your own blockchain? Need interoperability with other chains? Need smart contracts? Enter ARK. No code required.” Hey, I do like this. I think it’s a really nice entry, and I like the nonchalant, informal approach to this entry. It’s more like you’re just chatting with a friend.
And your friend is like, “I need to create my own blockchain. And I need interoperability with other chains. And I need smart contracts.” And then you’re like, “Oh, ARK. No code required.” And they’re like, “No code required?” And you’re like, “Yeah, no code required. It’s 2019 now, so ARK has a graphical user interface that lets you spin up your own blockchain and customize it any way you want. All the parameters, block time, number of delegates, inflation rate, everything else. Not only that, but plugins that you can just drag and drop into your blockchain like IPFS and ARKVM, which is the virtual machine that lets you run smart contracts on your own main net if you want to. And you know, ARK, you just push a button and get it done. No code required.” And then they’re like, “Ah-ha. Okay. This is at least worth me looking at.” So, this is why I like this entry. It’s very conversational. Thank you.
Moving on we’ve got Slushy Alpaca. Alpaca? Alpaca? Slushy Alpaca, Alpaca. Moving on we’ve got Slushy South American Goat. And Slushy says, “ARK will be the bridge between today’s blockchains and tomorrow’s users by allowing blockchains to be built easily through ARK.” Oh, I really like this one. Oh, it’s a good one. ARK will be the bridge between today’s blockchains and tomorrow’s users. That’s very cool. That’s a very unique use of the word bridge. ARK has smart bridges. And we do know that there’s fewer users today than there will be tomorrow, right? If we didn’t believe that, then we wouldn’t be building all this stuff. So, ARK is bridging today’s blockchains and tomorrow’s users because ARK’s interoperability, ease of use, user experience, and just overall approach, allows for people to seamlessly use blockchain technology, allow a lot of things to run in the background, and they don’t have to worry about all that. So, they just do their things that they need to do and everything works out. And this is what ARK is doing. This is what ARK wants to do even more, and even better. Thanks for your entry.
All right. Let’s move on to Stacks. That is a cool name. So, Stacks says, “ARK is a fast, all-in-one platform with agility that offers interconnectivity and scalability without compromising on accessibility.” Oh, that’s a bit rhymey, huh. ARK is a fast, all-in-one platform, with agility, that offers interconnectivity, and scalability, without compromising on accessibility. Ah-ha, oh-ho, I really like this one. This is a cool one. It does have agility. It can do a lot of different stuff. It can do stuff that you might not think it would be able to do, right? That’s the cool part.
And it has interconnectivity and scalability. Right, you can run an ARK blockchain on a few servers in the same town, and you could push the transactions through the roof, if you wanted to. ARK main net, the block time is eight seconds because that is ideal, and optimized to be decentralized in the global space, and still allow for high performance. So, that’s why the eight second block time was chosen. After much testing of course. But, when you deploy your own blockchain you can customize the block time, so as long as your delegate nodes can handle the communications required to have very short block times you could do that when you deploy your blockchain.
Let’s move on to Airwick. Okay, so, Airwick says that, “ARK envisions a world where anybody can easily use or create a robust blockchain that communicates with every other blockchain.” Yeah, that is very true. ARK does envision a world where anybody can easily use or create a robust blockchain that communicates with every other blockchain. And personally, I do believe that ARK is positioned with its team, and its code base, and its experience, and its funding, to achieve this. So, there’s that.
So, next up, we’ve got Choose ARK Choose a Job. So, Choose ARK Choose a Job is my favorite Reddit user name in all of the Reddit sphere because, hey, I chose ARK, hey, I got a job. All right, so Choose ARK Choose a Job says, “DPOS, interoperability, and no speed or scaling worries. Use ARK today to create your own customized modular blockchain in seconds.” Oh yes, this is a great entry. Love that call to action. Use ARK today. Right, you’ve gotta tell people what to do. That way they’ll know what they need to do. Okay. DPOS, interoperability, and no speed or scaling worries. Use ARK today to create your own customized modular blockchain in seconds. Great. It’s a wonderful entry. I think it 100% deserves to be a finalist. Thank you so much Choose ARK Choose a Job. Keep on keeping on.
Let’s go to [Kaleko 00:19:33]. Okay, so Kaleko says, “ARK.io, a decentralized software helping businesses, consumers, and developers unlock the possibilities of blockchain technology. Point, click, blockchain.” So, I like this one too. I like them all, as you already know. And this one is more on the business side, right. It’s more on the give it to me straight. I’m wearing a suit, and I have a briefcase, and we need to talk about business. Let’s do it. ARK.io, de-
… talk about business. Let’s do it. ark.io. Decentralized software helping businesses, consumers, and developers unlock the possibilities of blockchain technology. Point. Click. Blockchain. Yeah. Let’s do it. You know, ARK is well poised to be a solution for enterprise as well. It’s not just about somebody who doesn’t know everything about programming languages, it’s also about enterprises, small companies, large companies. Even the biggest, biggest companies could easily use our open source software and spin up their own bridge chain to achieve their goals in blockchain. They don’t have to hire a bunch of their own internal employees to build something from scratch.
It doesn’t really make sense, and if they do choose ARK, which is an open source toolkit, then they will improve their image to be more like community centric. We like that it’s open source and we like the community of ARK, and what blockchains are doing to bring people together. It’s also kind of a PR move to use an open source platform instead of building your own. You’ll also save a lot of money too. ARK for enterprise. It’s a thing. Let’s move on to SFT One. So SFTT One. SFTT One says, “ARK is a sandbox of innovative, cost effective, revolutionary and easy to deploy customized solutions to any problem through cutting edge blockchain technologies.”
Yeah, this is very cool, very apt. I really like the adjectives, right? It’s innovative, absolutely. It’s cost effective, for sure. We just talked about that. It’s revolutionary, I would say, yeah, and it’s easy to deploy. Push [inaudible 00:21:48] blockchains, right? These solutions are customized so you’re in control, and it can solve any problem, because over time, ARK will develop even more modules and even more plugins that help solve specific use cases or maybe even integrate open source modules and plugins, vet them, and then integrate them into the master kit. You can see that an evolution is possible and a constant improvement of the product is easy to achieve. Not bad. Thank you. Thank you very much for that entry.
Let’s go to [Mattay 00:22:21]. It’s spelled that way. Let’s go to Mattay 252. Mattay says, “ARK is a crypto currency platform providing users with the simplest method of deploying your own blockchain directly into an active ecosystem of other side chains.” Yeah, it’s not untrue. If you said bridge chains, it would be better. I do like it. I like that it provides users with the simplest methods of deploying your own blockchain. That’s for sure the case, and I thank you so much. Let’s go to Blank Mark now. So Blank Mark says, “ARK connects many different cryptocurrencies, enabling the 200 billion dollar industry to act as a single solution with an ultra fast decentralized and scalable ecosystem.”
Whoa. Now you can see that these are getting a little bit longer, right? Went from short to long. Getting a little bit longer. I like it. I think it’s cool. I think it’s good. It’s cool. Ultra fast, decentralized, scalable. Here’s the thing, though, oh, here’s the thing. Here is the thing. I’m judging this contest, right? You’re listening to all these entries, right? After awhile, when you go through all these entries and they’re unique in their own way, but they’re also similar, but reading each one kind of over and over and over and over, I get the buzz words, like the buzz word effect of fast, scalable, decentralized, okay? I think that people are definitely a little jaded to that.
If you had eight seconds to describe ARK and you said that, “It’s fast, decentralized, and scalable,” like while true, the person asking you about ARK likely knows about other projects that also say that they are fast, decentralized and scalable. You’re not necessarily differentiating ARK. I understand that ARK is faster than a lot of projects. I understand that it’s decentralized just like other projects. I understand that it’s more scalable than some other projects, but I think that terms like this tend to go in one ear and out the other these days because you’re not walking up to someone like, “Oh, check out this project. It’s fast, decentralized, and scalable.”
They’re like, “Oh my goodness, it’s fast, decentralized, and scalable? Sign me up.” We need more distinction. However, I did like the entry in general, in the general sense, and it’s not your fault that you used some buzz words that I ended up not really resonating with, because they just get generic after awhile. That’s not your fault. I really like your entry and thank you so much. Okay, so after that, we’ve got Zero Base. Zero Base says, “ARK is an interoperability focused, independent blockchain that empowers it’s users with a practical and approachable tool kit to quickly deploy blockchain solutions across a variety of use cases.”
Well, great. It is. It does, and it’s a bit long. Not gonna lie. A bit long. I hope it’s a long elevator ride. Thank you for your submission, appreciate it. Let’s go to Jen Robias. Jen Robias, it’s a cool one. Jen Robias says, “What if you didn’t have to mine to earn? What if you could interconnect with any other blockchain? What if you could snap your fingers and create your own chain? This is what ARK is.” I like it. I do. I like it. You’re positing questions and you’re saying, “What if?” Then you’re saying, “There’s a thing for that.” I like that, I think that’s really cool. Yeah. Finalist, 100%. Thank you, Jen Robias. This person is going places, Jen Robias. Next up we’ve got Bruce Alien.
Bruce Alien, this is the last finalist, and Bruce Alien says, “ARK gives me the tools and capabilities to interact with the global economy from any internet connected location on Earth. I can stake my coins and get interest. It’s fast, secure and convenient. It just works.” Yeah, it’s very cool. I like it. It’s a great entry. ARK does give everyone the tools and capabilities to interact with the global economy from any internet connection on Earth, yeah. It’s also fast, secure and convenient. I like convenient. I think that convenient is a valid descriptor, even beyond fast, decentralized and scalable, ’cause nobody really says it’s convenient.
If you go to, I’m gonna say Project X, just insert project here, and go to their homepage. Do they say it’s convenient? I’d be hard pressed to believe you if they did. I appreciate that you touched on that. I like that you said that you can stake your coins and get interest. Yeah, that’s true. You can get voting rewards, they’re voluntarily distributed by forging delegates. There’s more information on that at arkdelegates.io, and arkdirectory.com/delegate. Check it out. All right, that concludes all the finalists. Now, as you can see, there’s a lot to pick from and they each have their own unique twist. I hope that I’m doing the community right by picking the winner. I’m gonna give the reasons why I picked this particular winner.
Here we go. The describe ARK in one block time contest winner is, Tyler J. Keening. “ARK empowers everyone, regardless of their aim or technical background, to quickly and easily leverage blockchain technology.” Why did this person win? Why did Tyler win? Personally, a few reasons, some of which I already about when we discussed this entry. But, the first three words. The first three words really jumped out at me and never went away. ARK empowers everyone. ARK empowers everyone. If you’re saying that not everyone can utilize blockchain technology, they’ve got your back regardless of your aim or technical background. ARK empowers everyone.
If you think that it’s gonna be difficult to utilize blockchain technology with ARK, don’t. Don’t think that, because it’s quick and easy. You can leverage blockchain technology. Blockchain technology isn’t the solution in and of itself, you leverage it in order to achieve your goals and your dreams, and your passions. That’s how it’s supposed to work. ARK empowers everyone to be able to do that. Tyler, thank you so much for your submission, you won. We’re going to send you ARK by way of ARK tipper, Reddit Tip Bot by Delegate Cryptology.
You’re going to get ARK and be able to redeem that ARK, keep it in your wallet, withdraw it, tip other people with it, do whatever you like with it. Congratulations. Thank you so much to everyone who participated in the contest. As always, thanks for supporting the ARK ecosystem. Well, that’s gonna wrap it for this episode of The ARK Crypto Podcast. Man, that was fun for me, I hope it was fun for you too. You can subscribe to the podcast on iTunes, Stitcher, Google Play or SoundCloud. Check out our site, thearkcryptopodcast.com. You can also follow us on Twitter at ark_podcast, or you can stream directly inside our tweets. How cool is that? See you next time.
Episode #008 — Discussing Ark Concepts By Revealing The Describe Ark In 1 Block Time Contest Entries Part 1
The eighth episode of the ARK Crypto Podcast is here! And lucky you, it’s part one of TWO episodes releasing on the same day! I discuss ARK concepts by reviewing the entries of the ‘Describe ARK in 1 Block Time Contest’, sporting a 180 ARK prize provided by delegates fun, deadlock, rising_sun, pieface, thegoldenhorde, thefoundry, arkade_delegate, yin and goose. Listen, laugh and learn as I navigate through fun and insightful ways to describe ARK. Stay tuned for Episode 9, featuring finalists and the winner!
For more information, visit our website: https://TheARKCrypoPodcast.com.
This episode is hosted by Justin Renken.