Part 2 $VRSC #VerusCoin Crypto – Interview with Michael Toutonghi #Komodoplatform $KMD #CryptoNews


hey it’s Dino from Digitspin crypto
now this is part two of our interview
with Michael from varus coin varus coin
is a new speculative type of coin
the rewards are kind of great at the
moment if you can get your hands on some
by mining and you know this is just
another good opportunity for you to
learn a little bit more about a
different cryptocurrency we like to give
everybody an opportunity to talk about
their projects and bring you on digit
spin crypto it’s up to you to decide if
it’s something that works for you and if
it’s something that you want to get
involved with but at the same time it’s
good to know how other coins are working
so you can compare them to the coins
that you invest into and you know what
you’re getting and why so without
further ado let’s get to part two of the
various coin interview with Michael
it’s doing is it’s taking advantage of a
circuitry that’s inside of the processor
that was built just to do the hash and
so basically it is an ASIC inside of the
processor a small piece of it so you
don’t use only the one of them but it’s
it’s in there and it’s actually
performing so mister it wasn’t built
just to do this mash the the developers
of Haraka v2 leveraged this instruction
set that was actually developed for
doing a EES encryption to develop this
quantum secure short input half and then
we use that core to develop our
cryptocurrency hash algorithm okay that
that makes it so tell me about them I
want to get into into some of the mining
parts everything but tell me about the
delayed proof-of-work
functionality it’s just just a quick
paragraph or two yeah now obviously
there’s there are light ways of doing it
where you’re not getting the whole chain
and you’re just working on a small
subset and then sending back that
information but tell me about that
though the the delayed proof of work no
basically you know yes you’re right
there are light ways of doing it and
it’s done through you know you can you
could validate a specific block just
through its block hash because the block
hash of a block you know would be
different if any block before it was
different and so by by validating hashes
of the specific information that gets
notarized into comodo then you can prove
that if you put the same information
meaning a block that is supposed to be
that same block into that hash and you
don’t come out with exactly the same
number then something is different and
so
basically that’s what it that’s what the
delayed proof-of-work is doing is it’s
setting up these checkpoints and it’s
making sure that at those checkpoints
there’s a hash operation that hash
operation is then notarized through the
elected notaries into comodo which you
know you can’t Forge all of the electric
or all of the elected notaries or even a
percentage of the elected notaries
public keys which are then used on top
of those hashes in order to ensure that
what is in fact notarized into that
chain is what it should be and so the
delayed proof of work is really it’s
interesting because you know since Asics
kind of took over many of the algorithms
there have been a lot of 51 percent
attacks that we’ve seen I would say in
the last you know six months especially
and a lot of number of coins have have
just said okay whether we started on
komodo or not this is something we need
and so I think the Komodo team should
tell you who those are I I don’t want to
get the names wrong but I know that that
there are some coins that have moved
over to using the Komodo delayed proof
of work in order to prevent that 51%
attack and from our perspective we’ve
got you know an immediate protection
with the combination of the proof of
stake and the proof of work no matter
how much hash power you put on the chain
the proof of stake is they’re taking 50%
of the blocks as people win their stakes
and that’s a different population of
block validators than the miners so you
can put as much hash power as you want
onto our chain and you’re not going to
exceed 50% of the blocks but if somehow
you figure out a way to do that if you
figure out a way to you know get through
that first layer and beat the statistics
and and you end up figuring out
you know create a chain that gets around
this 50% proof of stake then we’ve got
delayed proof of work sitting there and
it’s gonna stop you at every Check Point
from inventing in history beyond that so
you know we believe the combination of
these it was unprecedented security but
the delayed proof of work alone is a
major step in a big advances in what
Komodo did they had the foresight to do
it in the NED as you mentioned the
foresight to get it paid for for many
years to come on the Bitcoin blockchain
all right eight basically it comes down
to is that your environment is to
protect itself is broken down so people
can mine the coin people can put a whole
bunch of them in their wallet and put it
in staking mode and earn the coins and
and obviously with the delayed proof of
work so all three of these things
working together kind of check and
balance each other and make sure that
you if it’s just all proof will work if
you grab the 51% you’ve got it all but
you come up against the barrier and now
you have a whole different set of
puzzles you would have to solve to take
over and so obviously that adds to the
to the level of security for the
environment and pretty sharp stuff so I
want to talk to you about this I mean
let me bring this linear you slide you
over here let’s let’s bring up this
little graphic I saw this out there and
this was talking about the various I’m
not sure if you could see that where you
are as well but obviously this was just
talking about the coin itself the launch
date which was in May so obviously it
was not that long ago so it says here
that you have what 84 million that’s
gonna be the max supply absolutely the
max of them over the lifetime of the
corner though
I think right now it’s a their knots a
little over 30 million is the total
supply and then every block you know
there is some amount added to that but
then you have another factor which other
coins haven’t done before to our
knowledge which I think you’ve got that
right down at the green there on yes I’m
gonna I wanted to get to that part I’m
hoping that I can I can kind of corral
you first so I wanted to and let’s see
one thing you know the total supply
right now
if you look at the Explorer it’s gonna
say the total supply somewhere a little
over 30 million the actual circulating
supply is probably closer to 4 million
or somewhere in that range I don’t know
exactly right now cuz I didn’t do the
calculations but it’s somewhere probably
in the range of 4 million or so okay so
you have 4 million in circulation and
you’re saying they identified in that
range and then a total total supply
right now of a little over 30 million
that could look at the Explorer to see
so how does it get to this 83 million
total supply over many many years of
coin emission if that is the level that
it could never exceed you know hundreds
of years into the future basically so it
isn’t that considered then the total
supply is 83 million in your circulation
is that 4 million or whatever that is
currently well the so if you look at
something like aetherium what’s its
total supply I don’t know that number
line number which is effectively all of
the etherium that has been mined into
existence and it has an infinite max
supply because there’s no
though you know max supply is max supply
and because we have the time lock switch
and maybe I really should mention that
because it ties into why there’s total
supply max supply and why circulating is
different a lot of the coins right now
are time locked and they’re releasing
over the next two years because the way
that the launch happened this was all in
the interest of fair launch as well as
to create incentives for people who were
in the early mining not to just you know
mine and dump the coins but to actually
mine and and help realize the vision and
be part of the community and care about
the project and so so the general
release started like this it was a slow
a slow start started at zero coins for
the first week it went from zero up to
384 and then there were there are these
months as it is having down to 24 where
it will sit actually for about two years
and a month and so this start from zero
to 384 and then those first two months
every block every block reward that was
192 or above was randomly time locked
for unlocking between I think was last
Tuesday it started over the next two
years and so as people were mining and
we were mining the foundation was mining
and lots of people in the community you
know and around the world were mining as
they were mining in those two months
they were earning time-locked block
rewards that would unlock for a random
amount of time so you know one might be
unlocking
this month one might be unlocking in a
year in two months one might be
unlocking you know really in two years
and as that was something unique to our
to our emission schedule that we
believed would really help create a
community with an interest in building a
successful community coin and you know
from the community that we built which
is just it’s the most helpful community
that I have ever had the pleasure of
working with when you know I think you
may have checked out the discord I’m not
sure if you have but I think you might
have you know you you go to our discord
and people are nice to each other all
around on all the channels and and
people are you know if people have
questions then other people in the
community jump in and help them figure
it out and you know I try to spend time
there as well and I and also have to
write code and develop things for you
know the next stage and the next stage
and the next release but you know we’re
right now right now we are in the last
week of the 96 block rewards which are
the largest rewards that are not time
locked and we are at the you know
because the time lock started unlocking
and we’re at 96 block rewards through
the end I think it’s through Tuesday
this is the most supply that will be
emitted to the market period in the
history of the coin and you know we have
an exchange where people are trading but
we’re not seeing like dumping and that
was the goal we wanted people to really
care about the success of the project to
to really feel that they’re a part of it
and there are there are miners and stay
curse on our discord who are holding you
know time lock rewards that will unlock
over the next two years and their goal
is to really make the project successful
just as ours is just as the foundations
is and so I think it’s helped a lot it’s
a unique thing to Barris a lot of people
liked it some people didn’t want a mine
time lock coin so we said okay then wait
until they’re 96 they won’t be time ups
but a lot of people really liked it and
I think it’s working well to create a
very positive community dynamic around
the project yeah it’s it’s a clever
clever way of going about it I haven’t
seen this before so basically to make
sure everybody understands out there the
folks that were mining that first two
months or of the coin
just because you acquired the coin
doesn’t mean that you could go out and
spend it and so basically it was put in
your wallet and told that you have it
but it wasn’t transferable because it
was locked up until a certain time line
this way everybody didn’t just mine all
the major coins and then take it to an
exchange and so on you know for a lot
less so yeah no clever idea
I’m glad you explained that and that
makes sense getting back to this total
supply so am I miss reading this this is
not Mac supply this is what I’m looking
for is supply
the only reason that I made the
distinction between Mac’s
total and circulating right now is
because since this infographic was made
people have asked to differentiate these
things and because we have this time
lock factor it’s kind of important
actually and so okay all right so all
right let me stop all right now I get it
so we have our maximum supply of 83,000
we have a total supply which includes
locked and unlocked Kines and then you
have your circulating supply which is
just the unlocked coins thank you exact
attic and I wanted to make sure
everybody out there understood it why
there was three numbers there good all
right let’s see what else was on this
little chart here if I had any questions
transaction fee I write mining algorithm
the varus
– that’s the mics very various hash
alright so I got all that good stuff and
that makes a lot of sense and so I you
know I wanted to understand this mining
a mission curve obviously it’s going in
half here after the 24 block reward that
goes on for two years what happens then
what does it go down to does it keep
going in this half years so 24 for two
years then and then having to 12 for two
years and then having to six for two
years and then having to three for two
years and then one and a half and then
0.75 and it just continues alright so I
don’t wanna get into this need to start
mining as soon as possible there’s a
very fitting that that people should
understand about varus which is another
unique thing and that is we talked about
early on public block chains as a
service so when you run a pole if you’re
running with a pole application using
public block chains as a service for
example how will that work the way it’ll
work is you’re gonna run a poll by
posting your poll transaction and
there’s going to be a going rate in
varus for running that poll and that
going rate is going to include the
provisioning of the blockchain that will
run that pull and then get notarized of
all the results back into varus so what
that means is you’re gonna post a
transaction to run your poll the miners
and thus takers are going to pick up
that transaction and using the smart
contracts that will be built into the
system at that point will provision the
chain and they will make money that
isn’t in the block reward it’s not in
transaction fees in return for
provisioning that blockchain for you so
now even though the block reward will be
going in
half over time there will be an actual
public blockchains
as a service economy on the various
blockchain and minors and stagers will
be provisioning blockchains for
applications and overtime other services
and they will be being paid more than
just transaction fees and more than just
block rewards and so as the block
rewards go down lower and lower it will
convert into basically a service economy
where miners and Staters are providing
necessary services for the decentralized
applications that run in the system all
right I get it
um it was producing you know an income
stream is does the environment take a
little trim off the top and forward that
to the to the foundation or is that all
going to the folks that are mining and
staking know know everything about varus
coin is what it looks like on the
surface as far as you know we’ve been
we’ve been as upfront and open as we can
about how things work there’s no there’s
no fee off the top for any founded
because there is no central organization
that is set up to take anything out of
the process it just started fair and and
so there is no founders reward coming
out of every block and there’s no you
know there’s nothing off the top that’s
intended to go to the foundation it’s
public blockchains as a service and and
the miners and Staker is just like today
you know the miners in Bitcoin are
mining this public Bitcoin chain the
miners and stagers mining varus coin are
mining this public varus coin chain and
they are the people putting in either
their stake holdings you know which is
capital or their work which is mining
and they are 50% you know capital and
50% labor
putting in their efforts to provision
the services that that bears coin needs
to run and they are the ones who get the
totality of all of the rewards for doing
that
perfect perfect I had to ask the
question just want to make sure that
we’re all on the same page we’re in that
way and so I appreciate
okay now the wallet that’s currently
existing obviously you if you have your
verus coins in there you set the the
amount of threads to be used to zero it
puts it in a staking mode do I have to
have a minimum amount let’s say I got 96
various coins and I put them in there
those will stake obviously the reward
would be small but will those stake is
there a minimum amount there there is no
minimum amount for staking I mean you
could you could stake with once to toshi
which is basically one 100 millionth of
a coin your chances of getting a stake
are proportional every block and for
staking you would calculate 720 likely
blocks a day your your chances of
getting a staked block is proportional
to the state you hold and our staking on
the network relative to the stake other
people hold and our staking on the
network so like
so this basically comes down to it’s not
like it’s a winner take wall as if some
guy has 50 percent of all the coins and
he’s gonna get them all it will get
shared proportionally across all of the
stake holders
is that fair way of saying it the the
proof of stake is also a fair
statistical algorithm and the way that
it works is it’s actually it’s our own
algorithm and it’s it’s similar in a way
to to proof of work in that there is a
hash it actually uses Tver hash and
there is a difficulty and you want to
get a hash
that comes in below the difficulty and
the more people are staking the harder
the difficulty becomes the harder the
target is to meet but the difference
between proof of stake and proof of work
is how you arrive at that
hash in proof of work you’re basically
taking the information of the block you
would like to add to the chain and
you’re running through you know as many
possibilities as you can to generate a
little bit different number which
generates a completely different hash
every time and you’re testing that
against the target and if you are lower
than the target then you can submit your
block and if someone else didn’t do it
at exactly the same time and they didn’t
happen to win then you’ll get the block
same with group of stake but your hash
result is determined by things that you
can’t change you can’t change the hash
result when you’re determining it to see
if you’ve won it’s dependent on
pre-existing transactions that you have
in pre-existing holdings that you have
and you don’t really get to modify the
results you just get to try again if you
didn’t win a block this time and so it’s
a statistical contest that’s weighted by
the amount of coins that you hold but
statistics are statistics and it is
possible that someone who is just
holding you know one Satoshi could
conceivably win a block it’s just
extremely extremely unlikely that that
would happen in your lifetime or mine
probably all right that makes sense so
let me get onto a couple of things I
know we have a lot of good stuff that we
talked about today but I do want to talk
about we did the time lock
we did the the GPU the mining cloud III
wanted to take a look i I went installed
the wallet got everything downloaded the
chain did all the good stuff and
obviously reading into it found out that
you know there’s so many folks that have
been so excited about it that the
chances of winning it so low especially
not a risin five are gonna be pretty
thin and that there was a pool
obviously the official wallet doesn’t
have the ability to direct it to a pool
so you have to then run a a separate
piece of software that would execute
against the CPU put it into a pool and
if it wins it then sends the money over
to your wallet now I took a look I saw
there was a couple of there was like a
Genesis site there was a take a look
here there was do to do the various coin
mining pool is mining pools cloud virus
the virus coin mining pools that cloud
and I took a look and you know look
pretty sharp here I went to the help
section and wanted to download the the
mining tool and it took me over to a
gentleman that had modified an
open-source project added to it and
couldn’t find and in a window is exe now
they had a Windows in a in a Linux
version and I’m and I took a look at the
Windows version went there I couldn’t
find a release for an executable of any
type and it had all the code and
everything and it gave you instructions
on how to compile it and you know what
what additional libraries you needed and
all this other stuff and I went I don’t
have time for this I don’t think I’m
looking for it exe that I can run set
the address set their mind you know the
cloud and go to town and this way I can
put it on 20 or 30 computers and let it
run but I I struck out
and I’m wondering if I did not pay
attention or it doesn’t exist yet and
what’s your thoughts on is there gonna
be a you think somebody will put
together it’s not that it’s your
responsibility but do you hear anything
out there of any of the community
members trying to create a a
downloadable standalone executable okay
so so first I should I should say there
are as far as I know I know of four
pools that that have linked to our
discord you’re on one of them
there’s also locked pool dotnet slash
Varys there’s a vrsc genesis mining and
I think it’s GI and a s I asked there
then there’s a varus pool XYZ and then
you I think you’re on mining pools dot
cloud and so I know that so there are
mining programs that are compiled
they’ve been made the windows miner was
made available by a community member and
you can download the windows miner from
I thought it was at all pools but there
might be a pool that you’ve seen that
doesn’t have a download of the binary
but because you’ve brought this up I’m
gonna go make sure after we finish here
that that there is an easily
downloadable so so right now
I think you can I know you can download
the binary for Windows or for Linux from
at least three or three out of four of
the pools and I thought it was four but
might not be so I’ll just go back and
I’ll make sure that there’s an easily
accessible miner for Windows and Linux
available to everybody just to make that
easy to do so think yeah yeah
that would help out I did I I went to
the second one which is the Genesis for
lack of a better way of saying it and I
saw that hey if you have Windows sorry
you have Windows but here’s a minor for
you I didn’t get a chance to click on
the button and see where it took me and
that was the next thing I just literally
ran out of time but I wanted to put this
on a couple of risin fives just to see
what happens and and take a look at it
I’d like to experience every project
that I I talked with and so that I have
I can frustrated dude I’m sorry I’d love
to hear what your hash rate is on your
rise and pipes sure sure as soon as I
get that um now that we have the means
of communicating I can telegram you and
what have you and I’ll give you any of
that feedback you know I’m kind of
excited to to put a few machines on it
just to see where it takes me and
especially now well the going is good
you two should do that get out there if
you have an opportunity get yourself
some some coins why you can it’s it’s
just the time to do it and before
everything takes off and it just adds
more to the value gets you involved and
and maybe you’ll see some additional
capabilities coming down I mean so far
I’m liking what I’m seeing and think I
like all of the stuff and quite frankly
you’re a you know real smart guy
obviously you know what you’re doing
you’ve been around as long as I have and
far more in depth then I probably have
ever gone and so I have no doubts but I
do want to pick on you guys on a couple
of little things and then I want to talk
about the road map right one of the
things I wanted to pick on and when when
the guys came and they said take a look
at the various so the first thing I do
is I go to the website and you know I’m
not looking for scrolling things and
little
wispy stuff and I could care less I need
some meat and potatoes
I personally when I do a website let’s
move you back over here when I take a
look at a site I go to it and the first
thing I do is sorry
you know I see some tech some vision I
got the white paper I don’t have time to
go through all those white papers I’ll
take a glance through it maybe I see
some some cool tech going on here I see
that’s just good I got a way to get a
wallet set up and mine where to go to
the you know buy it on an exchange I see
some names so when I take a look at this
I do what’s called the trade show walk
by so I don’t know if you’ve been to
trade shows and when you go to a trade
show there’s just you know hundreds and
hundreds of booths you’re going down the
aisles and you’re as you’re walking
along you’re looking at the boots and
and you know you’re looking at the
pictures and and see if there’s
something there that strikes your fancy
that makes you want to stop and ask more
questions and when I did my trade show
walk by of the website I have no idea
what’s so special about this coin I had
no idea of everything that you and me
just talked about and there was nothing
there that made me want to look further
and the things that concerned me right
off the bat was is that I had no idea
what this coin was about there’s another
cryptocurrency yeah okay you know and so
I didn’t know what you were trying to
solve just a little blurb you know I
would have liked to have seen a little
blurb that said this is what we’re
solving this is why this coin is so that
I can catch my attention right off the
bat this my person take it I’m just a
crazy guy a straw hat and you know from
there so it didn’t lend me to want to
dig deeper and I completely accept the
feedback and I think you know
it’s valid feedback and and I think
based on this we probably should it’s
probably time for an update of that site
so I think you know we’ll well I think
it’s cheating you
I think it’s cheating you because we’re
talking about there’s so much hour and
there’s so much go on with what your
project that you’re that you’re
developing for that that I wasn’t able
to defined easily it should be really
super easy for me so that I say hey I
think I’d be interested in in this and
let me look more and there was nothing
they make no and and things now then
another thing in defense of in defense
being trying not to be defensive but
also still defending of the reasons for
why it looks the way it does so from the
beginning and throughout the whole
project our philosophy has been we want
to build the vision not just cell
division and so the I think you’re I
think at this point at the stage of the
project we should take your advice and
we should do what you’re saying when we
put this together and and when this was
put together and and it says what it
says it really was an effort to say what
is it now
what do you get today right now and the
vision was okay and if you want to know
about more then you can click here and
and I think you’re right it probably
short changes the project right now
because it doesn’t lead you to wanting
to really understand the vision which i
think is a huge and very important
vision yeah I think you’re right on
target there you know as I’m a CEO of a
company and my time is so limited that
you know if I don’t get the bullet
off the bat so yeah all right that’s
nice you know like looking at resumes as
you go to next next until you see
something on there and then you start to
look more my only feedback is is that if
you know you talked about right off the
frontage to talk about what the what
it’s solving and then I can dig in you
know and go in and a little bit deeper
just just my throw up the idea to try to
grad let people grasp a little bit more
because you if you’re into technical
stuff you know you’re not gonna have a
problem with this and you’re gonna you
know if you know this is something you
want to get involved with you’re gonna
search through it and find what you need
that’s what we do we’re used to that but
the average Joe who wants to get right
with this day they’re not gonna know so
that’s my suggestion there my only other
suggestion as I’m looking for and I’m
going through this here is they have a
real clear some click throughs that can
give you more details in other words I
had a hard time you know obviously the
you have discord I don’t I use telegram
at least I don’t have time to add more
programs and stuff so I don’t even
bother I mean I clicked on it and I
don’t even know how to use the discord I
don’t even get involved with it but you
know the ability to find your ma ma or
your and I mean on the Bitcoin talk your
even simple things as this I happened to
dig around and I found Ben’s pocket
guide for various point
oh yeah that’s a great yeah you need to
put a link in you this is what the coins
about this is what how we’re going to
get there and you need to correct this
to see they’ve to get a little bit more
about what this is about this after I
read this I went yeah this is not bad
that I really need that and so then I
started because of Ben and what are you
running here for you guys I started to
to download the wallet and in the
scissor to get more information
and if you can these are linked to it or
find a way to put it into your website
this would I think bring a lot more
attention to your coin as you go forward
we will make changes and we’ll do we’ll
do these things I think your feedback is
on target appreciate it yeah I’d like to
see you guys do well and I think there’s
a lot more to your project than meets
the eye and it’s all hidden and until I
think this article yeah so that was my
only and the last part that and the
reason and this is because when I went
to do a review and anybody else wants me
to review their coin if I can’t find the
information as an average Joe and go
they your reviews not going to be good
because I can’t find the information
easily and so one of the things you know
I was looking at the the contributors
and one of the things that obviously and
there’s somebody who doesn’t know
anything about it they look at and they
see names they see information and they
have no idea of this is actually the
person you know as all they do there’s
so many people out there playing games
and and who are not forthright obviously
that’s the reason why I wanted you on
here that Michael does exist he’s
sitting right there in the screen above
me alright so the person does exist it
but you know people don’t know and and
you know if if you had whether or not
you guys want to put your picture out
there so there’s a face to it maybe you
have a click to your link you most
people have a LinkedIn especially if
they’ve been in the business before so
that I can look out I can click at it
that’s the same guy this is what he does
these guys obviously are real they they
know what they’re doing so you know let
me get a little bit more involved my
feedback – these are the things I do as
a reviewer when I take a look at if I
can’t find the information easily I
you know I don’t have the time to dig
through it and unless somebody says you
need to go check out this coin and you
need to get some of these in your pocket
then obviously I’m gonna I’ll dig around
as much as I need to define the
information but if you’re trying to
bring in people easily these are the
types of things that I looked for and I
and if you see and see any value in it
maybe you can add it thank you
so that was my only feedback for the
website and the reason why I didn’t even
look further into varus is because you
gave me no reason to whether the varus
not you Michael but the vendor project I
understand your point and I and I do
appreciate the feedback really okay good
good
and so I’m hopefully that the project
will be able to do something more
excited more direct and then you’ll be
able to capture more people because I
think you deserve that and there’s more
there to it so yeah I’m gonna put the
link below on Ben’s article here so if
you guys want to learn more about varus
there’s obviously a lot more to this
project and then meets the eye if you’re
just skimming so you definitely want to
take a look I’m gonna put some links
down below and you can click through
them take a look at it yeah absolutely
at a minimum want to click on Ben’s Bend
who’s from Komodo and click on his link
and he talks about various coin and and
the basics about it and this is a short
read but you know it’s just packed full
of meat and potatoes and actually can
get you pretty excited about the project
I was not excited until I read this and
I’m gonna be honest to you and until I
got a chance to meet Michael right here
over my shoulder real personable and
we’re thrilled to have him so make sure
you you take a look at this it’s
important to do and then you can make a
decision whether or not this is
something you want a mine or
love with you know so Michael don’t
think this is Bert thing oh it’s because
I think what you’re telling us is we’re
in best kept secret mode and we
shouldn’t be in that model and I think
that’s true I think well maybe that’s
where they want to be I don’t know maybe
that’s for the kid he wants to be for at
least the first few months I know that
happens you know but when the time is
right and you really want people to
understand what’s going on I am
I’m curious knowing on your personal
level here is the what there are so many
projects Markel out there I I go on a
telegram and they have the the
announcements for new coins and thousand
and every time I turn around is just
more coins you know one des story your
garbage one that picked up your yeah you
know lawn mowing services coins and
there’s coins for everything and
projects and a lot more of the time for
just a currency coin is gonna be really
tough on people obviously having some
kind of specialty nature of urine of
your project is gonna give you a better
edge and yours being quite a secure and
robust environment along with the
ability to to work with comodo using the
comodo template system and and and then
these services applications as a service
blockchain applications as a service so
how do you see yourself I mean obviously
it’s a biased question to ask you but
who are your biggest competitors and how
do you see yourselves catching up to
them or beating them that’s a that’s a
good question because actually it’s not
the first time we’ve been asked and you
know it’s a it’s a process of
decentralization so when I was CTO at
parallels we were we were
working with service providers and
telcos to provide them with systems that
would allow them to provision
applications for a fee to their
customers and provisioning blockchains
right now that’s that’s a hard thing to
do for people so you’ll have you know
you’ll have companies that will help
other companies provision block chains
and you know you have IBM with hyper
ledger and you have chains illa
leveraging the comodo ecosystem and and
you know these are like four bespoke you
know custom block chains and solutions
for things this can make a lot of sense
but you know Bitcoin came along and said
we can do transactions with something
that carries value cryptocurrency money
we can do transactions without any
central organization or entity at all
and everybody started doing transactions
this way over some years it took a few
years for people you know to really
catch on and and now I think everyone
accepts that cryptocurrency is part of
the future and the question is well what
does that mean so what we’re doing is
we’re saying a lot of the things that
you would today go and hire a consulting
company for and put together you know
like a poll you know if you go and you
want to have a company you know people
have said Oh votes this is potentially a
competitor but votes does polls and
they’re more of an application and in
the end the polling application is
really going to be an application on top
of public blockchains as a service there
hasn’t been public blockchains as a
service before there just isn’t such a
thing and so is there a competitor of
that there’s not a competitor of that
that is the public block pains as a
service is the disruptive technology
that we’re bringing to the table
actually
and what that is is it leverages the
security that we’re bringing to the
table and the hash algorithm all these
different things but public blockchains
as a service is a paradigm shift really
it’s going to enable companies and
organizations and groups of people or
just people to not have to go and get
custom block chains provision just
because they need the benefit of their
own isolated blockchain they’ll just be
able to run an application that just
does that for them and they don’t even
have to think about it you know so over
time we expect polling to be just
something that is an application that
you know you’d get from the iTunes Store
you’d have on your Android and you’d be
using it on your phone and yeah it might
create a blockchain in the background
and you might be running on an isolated
blockchain and the and the person who
did that application or all the people
using it will collectively be paying the
miners and stagers to make all that
happen but all you really are thinking
about is that you’re using a poll on
your phone and it all works and you get
your privacy and you get to even later
on see that all the results are valid
and you could even audit them with the
app itself and you can see that your
vote is right there and it was counted
and nobody else can you know and so so
the idea is public blockchains as a
service we’re not really seeing people
are doing that so our competition is
kind of old way that people provision
and provide services and we believe this
is really a disruptive approach more
than it is a copy of what someone else
is doing with cryptocurrency and it’s
going beyond the idea of transactions or
basic D applications and saying you know
the blockchain itself can be provisioned
and operated the way transactions are
done in Bitcoin today all right
and that makes sense I appreciate that
feedback because I was curious yeah most
folks are most of the coins are creating
apps that will actually run on their
environments but I don’t believe that
they’re going to be as services as the
same way that you’re doing it now so for
somebody to be able to take advantage or
to use the environment is there going to
be like a developer kid or some kind of
a set of assumptions that you can that
that’ll be made available so that you
can just you know you download your set
of instructions that are available to
you and you can just start writing code
to to access this or do they have to
really get involved with your project
and start to know what you did soup to
nuts before they can actually make
something happen
someone’s going to develop applications
then you know we’re starting with
everything as open source so everything
we do is completely open source and
available to everybody you know it’s
everybody to work on our it’s one of the
reasons that we feel it’s not enough to
just say okay we’ve got public
blockchains as a service here’s the
protocol you can make a blockchain okay
now everybody can just go and make your
applications we actually have you know
the whole idea of doing this came out of
the desire to solve certain problems and
in fact the foundational applications
are applications that we want to build
on the way to you know even a bigger and
broader vision of public services as
public systems that work on behalf of
the people and so so the general idea is
something that right now inscribed when
we actually release the public block
chains as a service you know we’re gonna
be building some of the first
applications on them if there are other
people who want to build applications I
can’t say I know that
is gonna be open source I know that
we’ve got a community that’s very
interested in making things as easy as
possible for people to use and so are we
but as soon as we finish the public
blockchain says service technology is
then we’re gonna be building the
foundational applications on top of that
and it might be that the really easy to
follow easy to use
you know developers guide and developers
kit is something that you’d be more
likely to see after the first polls say
or foundational applications there will
certainly be tools and there will
certainly be examples that are real
applications doing a software
development kit is not our first
priority because we want to make the
applications that leverage the
technology to make the whole system
useful for people who aren’t just
developers all right that makes sense
yeah I was just curious how we were
gonna bring hey you two can play with
the blockchain and make something now
what do I start
you know and it will be applications
developers building technologies and
building applications on this I’m sure
of it well we expect that the first
applications that the really first
decentralized applications aside from
the currency aspects and the wallet and
mining and staking and and tools around
that and and we have messaging actually
we have the the zero knowledge private
but permanent blockchain messaging
already in the wallet aside from those
things we think that easy to use and fun
to use poles and support for elections
will be one of the first applications
that people will really be able to use
on the system and at that point it will
also be a completely open source example
for anybody who wants to
make a batter one make a different one
or use it as an example to make
something that they have a vision of
doing all right all right now I was
looking at noticing it like in phase two
you were talking about Auto Chains poles
and varus Mobile let’s see here phase
three identity improved for virtue phase
four integrated machine learning so and
content and storage so obviously as you
go along you want to create and do
bigger and better things so what is the
just just a couple of sentences what is
auto chains in various mobile okay so uh
Eris so we actually believe that a
mobile experience is critical
though Baris Mobile is is you know first
and foremost just having your verus
wallet on your mobile device and that’s
something that is in Phase two it’s
something that we’re going to have
available in Phase two hopefully in the
not too distant future the auto chains
are public block chains as a service so
another way to refer to public block
chains as a service so these are block
chains that are automatically
provisioned and created they might only
live for the length of the duration of a
particular poll or a collection and then
they might get archived and and
notarized back into varus and the
blockchain itself may not need to exist
beyond that as part of the application
so we call those auto chains and because
we believe that you know if we just
release technology then that’s only
going to be useful for a small subset of
the population we believe that those
technologies are needed for us to really
do what we want to do with polls and
elections and so using polls and
elections over those
oh geez on your mobile device is is
definitely something that we want to
enable and we want to enable you know my
mom or brothers and sisters who aren’t
developers to be able to use this to
vote on whether they like cats or dogs
more or to vote on you know a political
issue or or a candidate for for
something at least in a poll or it or in
actual elections and you know then you
talked about the next phases and and
maybe if I could just touch on one of
the things that actually got me thinking
about all of this to begin with
I was doing a lot of machine learning
work and in consulting in machine
learning for people and building systems
that would read and they would read
messages and text and email and
documents and you could train them to
classify those things into whatever
types of categories you decided to train
them in I think I posted a link to one
of my machine learning repositories
because people were interested in in
reducing some of that you know eath scam
giveaway spam on twitter and and and so
one of the repositories I made can
basically take any text and any kind of
training information and it reads the
text and and you can train it to
categorize you know you could train it
categorize tweets there are actually
examples in the repository of doing that
you can train it to categorize who an
author is you can train it to categorize
the sentiment of something you could
train it to categorize if the speech was
toxic based on certain standards these
kinds of things and the idea that we
could over time run polls that would
respect the privacy of the people who
engage with
so it’s not like Facebook or a
centralized social network where
everything you do and say someone else
is keeping that data it’s you get to
actually preserve your dignity you get
to preserve your privacy and you get to
tell someone what you think and that
gets to be recorded without actually
recording all of you know what you had
for breakfast and and in what you happen
to be wearing today you know and I mean
what am i one of my past roles was I was
the technical fellow for Microsoft’s
advertising platform using machine
learning technologies and figuring out
you know how to learn more about people
by their behaviors so that that could be
used you know to sell more advertising
and and just working in that environment
you realize people really don’t
understand how much they are exposing
about themselves when they use all of
these centralized services that are
designed to capture every bit of
information about them that’s possible
and so this is intended to be a better
way you know the idea is that we
actually there’s a lot that we could
learn from people from populations that
are not afraid to speak their mind
because they’re protected by technology
that’s guaranteed to preserve their
confidentiality imagine that you know
imagine that you could that you’re not
you’re not using technologies yourself
you’re using the technology that
actually protects your privacy but still
allows you to speak your mind and so
that’s actually something that we’re not
seeing anyone else do and that’s what
gets me excited about the project at the
fundamental level and you know when I
talk about machine learning in phase
four you know we got to go through we
got to go through important phase one
which we’ve already done in Phase two
which we’re doing now in Phase three to
get to phase four and if I only
talk about what I believe face poor can
enable to help you know society and
humans and everything else nobody’s
gonna understand anything I’m saying
it’s just gonna you know because you got
to get the other phases to be there and
so so this is you know step by step
approach that we’ve laid out that leads
us to what I believe is a way of really
leveraging machine learning while being
able to expose the world’s intelligence
to help machines learn about people –
without any individual being at risk of
exposing too much about themselves to
the system and being a target of
anything all right
makes sense and I appreciate you
explaining that your position on that
that’s pretty awesome
well let’s like miss something is there
anything that you wanted to add that you
think that I missed in my questions that
I didn’t do a good job at or I want to
say I really appreciate this interview
because you’ve you’ve touched on so many
important issues and I appreciate the
chance to talk about them and even the I
you know the the opportunity to think a
little bit further about what we’re
doing all this for I really appreciate
it and if there is anything that we
missed for this I’m I’m not thinking
about what it is right now
and I’ll bring it back on if you have if
ya got nude stuff you know that will be
a problem what I I wanted to tell you is
that you’ve been an awesome guest that I
appreciate you taking the time out of
your schedule it felt like I was hanging
out with some some of my old code
developers that I used to work with and
and I had a real enjoyable time talking
with you about everything there’s no
doubt in my heart that you’re gonna have
a lot of competition and to be able to
break through
there’s so much out there but I think
that yeah you have some solid people you
have the the actual performance of your
environment I think is rock solid and
that’s a real big in a good start and as
you go along as long as you can have
something to do with these these designs
these services as you know service adds
a service blockchain has a service type
of solutions so that it actually will
provide a value to somebody besides just
mining another point I think that you
guys will do real well I’m gonna be
keeping my eyes on you absolutely and I
will be personally putting a machine or
two on various just to see there’s some
kind of results and and and start mining
a few coins and we’ll see we you guys
take this project and I hope that you’ll
keep your mind to update me in the
future and you won’t forget about me
when you become a big coin and you’re
doing that awesome stuff thank you
and then it’s a pleasure to talk to you
and I appreciate the time thank you very
much some Thank You Micah let’s give
them a round of applause and we’ll talk
to you so that was a lot of good
information there was a lot packed into
two hours and it’s unbelievable how fast
it went by it was an enjoyable
conversation and believe it or not we
actually spent another half hour
chatting about crypto currencies in
general after we did the interviews so
Mike was a very person one person and we
hope to be able to connect with him
again in the future now we hope his
project does well and hopefully they’ll
do a little bit more marketing now keep
in mind I have put
the mining software on one of my pcs
just to take a look they’re kind of in a
ugly duckling phase where it’s too hard
to go solo mining but yet the software
is just starting to come out to mine in
a pool so there are one or two that you
can download the software and start
mining but getting your hands on them is
pretty tough there’s a lot of hash power
out there like he said and there’s a lot
of folks mining varus so getting a hold
of them seems to be tough I’m gonna let
my miner run for a few days
and see what kind of results I get I
have no idea how to measure that its
value at this point I don’t believe
they’re on an exchange I could be wrong
but I have not been able to find one and
so you know these guys are starting from
ground up and from scratch but I’ll let
you know how that turns out along with
providing some information on how to set
up a miner on your PC if you decide to
invest some of your time and energy into
varus coin
either way we wish Michael a lot of luck
and hopefully we’ll get more information
now keep in mind we have a telegram
channel that did you spend telegram and
we currently have a team member from
land dollar Michael has accepted our
offer to join digits been crypto
telegram and he will put information out
there every once in a while news and
tidbits chances are you may find out
information about various coin first on
digits been crypto so you may want to
take a look at that as you go along so
we appreciate you coming here if you
enjoyed this series give it a like in a
subscription and we will see you next
time thanks
you
you

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