Keep calm and say ‘Arrr’
Updated
There is nothing like the smell of cannon fire in the morning!
We went long Pirate Chain (ARRR) last November as word had filtered out about this crypto's superior privacy features. As a long term fan of Monero, I have been always been on the look out for other privacy coins which may challenge Monero as the King of Privacy in the crypto sphere. Enter Pirate Chain. It offers Monero hodlers a hedge at the very least and as a small cap and relatively unknown project back in November, we decided to open a position. We find piracy is like a hostile takeover without all the messy paperwork.
Pirate Chain is a completely private cryptocurrency, an anonymous chain that uses the most powerful algorithm available on the market ie. Zero Knowledge-Succinct Non-interactive Argument of Knowledge (zk-SNARKS). Moreover, Pirate Chain implemented a mandatory, private-only usage of zk-SNARKS (unlike Zcash where its usage is optional).
Pirate Chain's fungibility is superior to every other privacy cryptocurrency. Furthermore the protocol is also secured by Delayed Proof of Work (dPoW): Komodo’s Innovative Consensus Mechanism crypto-economy.com/delayed-proof-of-work-dpow-komodos-innovative-consensus-mechanism/. The Pirate Chain is notarized onto Komodo's blockchain and then Komodo's chain is notarized onto Bitcoin's blockchain. All this effectively means that for someone to successfully commit a 51% attack on Pirate Chain, they would simultaneously need to execute a 51% attack on both the Komodo and bitcoin blockchain. Shiver me timbers!
There are two cryptocurrencies that are private at the protocol level, Monero and Pirate Chain. We are long both. Looking at the chart, the price looks too far extended right now and we would wait for a correction to at least the 50 SMA which is currently sitting at $2.22. We are however very bullish on ARRR over the medium to long term. We used Trade Ogre Exchange to purchase Pirate Chain: tradeogre.com/markets. We would recommend this exchange.
For more information about Pirate Chain: pirate.black/about-pirate-chain/
May your blade always be wet and your powder dry!
We went long Pirate Chain (ARRR) last November as word had filtered out about this crypto's superior privacy features. As a long term fan of Monero, I have been always been on the look out for other privacy coins which may challenge Monero as the King of Privacy in the crypto sphere. Enter Pirate Chain. It offers Monero hodlers a hedge at the very least and as a small cap and relatively unknown project back in November, we decided to open a position. We find piracy is like a hostile takeover without all the messy paperwork.
Pirate Chain is a completely private cryptocurrency, an anonymous chain that uses the most powerful algorithm available on the market ie. Zero Knowledge-Succinct Non-interactive Argument of Knowledge (zk-SNARKS). Moreover, Pirate Chain implemented a mandatory, private-only usage of zk-SNARKS (unlike Zcash where its usage is optional).
Pirate Chain's fungibility is superior to every other privacy cryptocurrency. Furthermore the protocol is also secured by Delayed Proof of Work (dPoW): Komodo’s Innovative Consensus Mechanism crypto-economy.com/delayed-proof-of-work-dpow-komodos-innovative-consensus-mechanism/. The Pirate Chain is notarized onto Komodo's blockchain and then Komodo's chain is notarized onto Bitcoin's blockchain. All this effectively means that for someone to successfully commit a 51% attack on Pirate Chain, they would simultaneously need to execute a 51% attack on both the Komodo and bitcoin blockchain. Shiver me timbers!
There are two cryptocurrencies that are private at the protocol level, Monero and Pirate Chain. We are long both. Looking at the chart, the price looks too far extended right now and we would wait for a correction to at least the 50 SMA which is currently sitting at $2.22. We are however very bullish on ARRR over the medium to long term. We used Trade Ogre Exchange to purchase Pirate Chain: tradeogre.com/markets. We would recommend this exchange.
For more information about Pirate Chain: pirate.black/about-pirate-chain/
May your blade always be wet and your powder dry!
Note
*Opening trade 13 Nov 2020 at $0.085. Topped up on 27 November.
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