{"id":18697,"date":"2022-03-23T21:30:53","date_gmt":"2022-03-23T18:30:53","guid":{"rendered":"https:\/\/esatoshi.club\/?p=18697"},"modified":"2022-03-23T21:30:57","modified_gmt":"2022-03-23T18:30:57","slug":"pkt-cash-x-satoshi-club-ama-recap-from-the-23rd-of-march","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2022\/03\/23\/pkt-cash-x-satoshi-club-ama-recap-from-the-23rd-of-march\/","title":{"rendered":"PKT Cash x Satoshi Club AMA Recap from the 23rd of March"},"content":{"rendered":"\n<p>Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from PKT Cash and our guest was . The AMA took place on the 23rd of March.<\/p>\n\n\n\n<p>The AMA session was divided into 3 parts with a total crypto reward pool of $500<\/p>\n\n\n\n<p>In this AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n<h2><strong>Part 1 \u2014 introduction and questions from the Telegram&amp;WebSite<\/strong><\/h2>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Hello dear Satoshi Clubbers welcome to our AMA session with\nPKT Cash<\/p>\n\n\n\n<p>Our Guests for today are @cjdelisle, @jeremy_berger and @joshberger,\n@JesseBerger<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>What a busy day here in Satoshi Club! <\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Oh Yeah a busy day indeed <\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>Let&#8217;s welcome our guests from PKT Cash! <\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>A few minutes of patience.<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Hey hey<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>Hey! Nice to have you here today with us!<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Indeed, nice to be here<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>Welcome to Satoshi Club!<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>thanks<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>How is it going?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Doing pretty well, and yourself ?<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Welcome Guys <\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>We are excited about our AMA! <\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Let&#8217;s start our AMA <\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Sounds good<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Can you please introduce yourselves to us, how you got into\ncrypto and how PKT Cash started?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Sure thing<\/p>\n\n\n\n<p>I&#8217;ll say DONE when I&#8217;m complete<\/p>\n\n\n\n<p>So I&#8217;m Caleb James DeLisle, I&#8217;ve been in open source\nsoftware and research for about 10 years now<\/p>\n\n\n\n<p>First major project was cjdns which is a piece of software\ndesigned to allow people to build their own networks in their neighborhood<\/p>\n\n\n\n<p>So question people ask is why is there only 1 or 2 companies\nproviding eveyone the internet<\/p>\n\n\n\n<p>on the internet you have choice of everything, but you don&#8217;t\nhave choice of who provides you the internet<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>I see where the name comes from <\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Problem is that network infrastructure is very expensive,\nAND it&#8217;s very difficult to manage a network<\/p>\n\n\n\n<p>it&#8217;s a business<\/p>\n\n\n\n<p>and the more fiber you own, the more profit you can make off\nof it<\/p>\n\n\n\n<p>This model just lends itself to monopolies<\/p>\n\n\n\n<p>So anyway, back to who I am<\/p>\n\n\n\n<p>I got started working on a project to make it easy for\nregular people to own their own piece of internet infrastructure<\/p>\n\n\n\n<p>but thing is, this was 2011, and in 2011 there was no way to\nmake *fast* micropayments over crypto<\/p>\n\n\n\n<p>We had bitcoin, and I was in the bitcoin community a bit, I\nhave a couple lines of my code in the Bitcoin project <\/p>\n\n\n\n<p>but nothing *fast*<\/p>\n\n\n\n<p>Anyway, I spent 7 years in research, doing funded projects\nfor the French and European states<\/p>\n\n\n\n<p>Built a lot of nice open source projects, including CryptPad<\/p>\n\n\n\n<p>But around 2017 finally Lightning Network started to mature\nenough that it seemed like fast micropayments would finally be possible<\/p>\n\n\n\n<p>So this was when I met my colleagues and we started talking\nabout a blockchain<\/p>\n\n\n\n<p>PKT is novel because the mining algorithm is based on\nbandwidth<\/p>\n\n\n\n<p>whereas Bitcoin is proof of work &#8212; effectively proof of\nexpended electricity<\/p>\n\n\n\n<p>PKT is a &#8220;bandwidth hard&#8221; proof of work, so you\nmine it using your unused internet bandwidth<\/p>\n\n\n\n<p>anyway, I&#8217;ve rambled enough on that question so DONE<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Awesome<\/p>\n\n\n\n<p>Very impressive background <\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Thanks<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>So what is PKT Cash all about?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>It&#8217;s a fork of bitcoin with a roadmap around the vision that\neveryone can own and operate their own piece of the internet<\/p>\n\n\n\n<p>The mining algorithm is PacketCrypt &#8211; the world&#8217;s first\nbandwidth-hard proof of work<\/p>\n\n\n\n<p>And 20% of every new block mined goes to an institution\ncalled the Network Steward, which helps build out the ecosystem through\ntransparent competitive grant-making<\/p>\n\n\n\n<p>Remember I have 7 years experience in research, well with\nthe Network Steward we do basically what governments do except we&#8217;re funding\npeople in the PKT ecosystem to build things.<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>How many people do you currently have working on this\nproject?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>It&#8217;s a good question really, if I were to make an estimate I\nwould say around 30, but I don&#8217;t know all of them<\/p>\n\n\n\n<p>This is a unique project, it&#8217;s not like one of these\ncentralized tokens, there&#8217;s no premine, no investors, no CEO, etc<\/p>\n\n\n\n<p>Yet unlike a project like Bitcoin, it has a robust roadmap<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Great number <\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>And that&#8217;s for 2 reasons<\/p>\n\n\n\n<p>#1 is because of course there&#8217;s the Network Steward to help\nthat roadmap happen<\/p>\n\n\n\n<p>but #2, and more interesting, is because the roadmap of PKT\nis more like kind of a &#8220;city plan&#8221;, in that many of the items of the\nroadmap are intended to be developed by for-profit companies inside of the PKT\necosystem<\/p>\n\n\n\n<p>Think of a city, the roads, the water, the electricity,\nthese are all public services<\/p>\n\n\n\n<p>But the restaurants, the shops, the plumber, all of these\nare private enterprise<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>This is Exciting<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>In the PKT roadmap, we left a large section for private\nenterprise to be able to build out the PKT vision<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>That sounds very challenging! <\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Thank you for the great introduction<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Well, it&#8217;s never been done before, but that&#8217;s part of what\nmakes it so exciting<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>We will now like to proceed to our community questions<\/p>\n\n\n\n<p>Ready for them?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Ok<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p><em>Q1 From Telegram User @Pelusapinto21<\/em><\/p>\n\n\n\n<p><em>PKT uses PacketCrypt, the world\u2019s first high-bandwidth proof-of-work. You can earn PKT Cash (PKT) when you connect your home or office Internet to the PKT network. Can you offer us more information about PacketCrypt? How does this bandwidth proof of work work? What are the PacketCrypt proof-of-work utilities? What kind of reward can be obtained from this proof of work?<\/em><\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Ok so I&#8217;ll answer in reverse order<\/p>\n\n\n\n<p>What is the reward -&gt; you get PKT for mining, just like\nany mined coin<\/p>\n\n\n\n<p>What are the utilities of the PoW -&gt; The actual PoW itself\nis waste, because this is a fully decentralized blockchain and not a\n&#8220;token&#8221; with &#8220;validators&#8221;, there is no secure way to reuse\nthe work. However, the use of bandwidth incentivises people to install bigger\nnetwork infrastructure in their community which can then be shared.<\/p>\n\n\n\n<p>How does PacketCrypt work -&gt; This part is fairly\ncomplicated, because like I said, it&#8217;s an actual fully decentralized PoW\nalgorithm, no &#8220;validators&#8221; or funny business. The best way I can\ndescribe it is that it is a cryptographic problem which becomes easier if you\ncollaborate with other miners, and collaborating requires you to communicate\nwith them, a lot.<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Btw Is the packetcrypt a fully developed concept that is\nalready working?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Yup, genesis block was in 2019<\/p>\n\n\n\n<p>August<\/p>\n\n\n\n<p>Was it challenging launching launching 6 months before a\nglobal pandemic -&gt; YES<\/p>\n\n\n\n<p>we&#8217;re still here, and that&#8217;s probably the best thing that\ncan be said for any community<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>100% agree! <\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Thank you for your Answers<\/p>\n\n\n\n<p>Ready for the next question now?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>yup<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p><em>Q2 From Telegram User @ghostofcharmeleon<\/em><\/p>\n\n\n\n<p><em>Hello, PKT Cash team.<\/em><\/p>\n\n\n\n<p><em>You have a very good and society-centered company ideology. Of course, you proceed from the best intentions. But where borders disappear, there can be a very large scope for fraud in the field of finance or any other way of deceiving people. Do you think it is possible to avoid this with the ideology of an absolutely free Internet? Maybe you already have a ready-made solution that you can tell us about? How to censor information that is objectively harmful to users?<\/em><\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Well I&#8217;m not big on censorship myself. The internet has made\nit this far by not censoring really anything.<\/p>\n\n\n\n<p>We use services like Telegram or Mastodon or Twitter, and they\nchoose what to censor<\/p>\n\n\n\n<p>but it is astonishingly difficult for them to actually get\nkicked off of the internet for not censoring some &#8220;fake news&#8221; or\nsomething<\/p>\n\n\n\n<p>The problem is once you decide that you&#8217;re going to make it\nliterally impossible to access fake news, then you have to decide what is fake<\/p>\n\n\n\n<p>And gues what, every politician in the world wants to tell\nyou what fake news is<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>True<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Following with your title, F*CK this war, you&#8217;re damned\nright. And we have Russia, Ukraine and the EU all censoring different\ninformation<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>I agree, everyone comes up with their definition of fake<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>I think at the networking level, let the bits flow. At the\nlevel of social media and whatnot, that&#8217;s where we should clean things up,\nprevent spam, etc<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Oh, not quite done<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>If you decide to censor the internet, you have to decrypt\nall data that is sent by anyone to anyone<\/p>\n\n\n\n<p>because otherwise you don&#8217;t know if that data is something\nobjectionable, that you need to sensor<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>So&#8230; No F*cking Way.<\/p>\n\n\n\n<p>now done<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>That is a positive end of the question! <\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>You are absolutely correct Caleb!<\/p>\n\n\n\n<p>Thank you for your clear answers<\/p>\n\n\n\n<p>Ready now for the next question?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>yup yup<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p><em>Q3 From Telegram User @sunny_steel<\/em><\/p>\n\n\n\n<p><em>You say that the PKT Network is operated entirely by the people who participate. There is no central company, no investors and no pre-mine. PKT technology lowers the barriers of entry into the world of internet service. While the goals looks clear to me, please explain why you decided to get the mission done by using blockchain and crypto? What advantages does this bring to end users compared to traditional service providers? How do you plan to spread the service geographically? Thanks!<\/em><\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Any central operator can be shut down<\/p>\n\n\n\n<p>And believe me, there are people in this world who want to\nshut down the internet<\/p>\n\n\n\n<p>The internet is a real problem for every dictator and every\ntyrant<\/p>\n\n\n\n<p>because it&#8217;s regular people talking to eachother and saying\n&#8220;ok this is a bunch of crap&#8221;<\/p>\n\n\n\n<p>So there are concerted pushes, not only in repressive\ncountries where we all expect this, but also in western countries<\/p>\n\n\n\n<p>there&#8217;s always some excuse<\/p>\n\n\n\n<p>And what we&#8217;re doing here is building a network with no\nkills switch, no way to turn it off<\/p>\n\n\n\n<p>If we succeed, I believe that by 2100 there will be no more\ndictators and no more wars<\/p>\n\n\n\n<p>If we fail, I fear we may end up in a nuclear entanglement\nbad enough to put ourselves back into the stone age<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>I&#8217;m sure we all want this <\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Sorry for getting all serious all of the sudden<\/p>\n\n\n\n<p>But I&#8217;ve literally been working on this for 10 years now<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>No problem<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>When nobody thought this was an issue<\/p>\n\n\n\n<p>Now it&#8217;s something people are starting to notice<\/p>\n\n\n\n<p>But by the time we get to the end of phase 3 of the roadmap,\nit is my analysis that our project will be entirely unstoppable<\/p>\n\n\n\n<p>We will win<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>Could you explain for those who are not profs how will it\nwork for regular users? What should be done step by step to get your internet?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>If your neighbor has wifi, you can use it<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>And you can also re-share it with other neighbors<\/p>\n\n\n\n<p>and everyone gets paid for what they contribute<\/p>\n\n\n\n<p>And nobody needs to be an expert at networking, because all\nof the network administration will be managed by tech companies kind of like\nemail providers<\/p>\n\n\n\n<p>just point the antenna, hook up the wire, start earning<\/p>\n\n\n\n<p>And if you want to be able to access the network anywhere,\npay any one of dozens of companies for access and you can use the network<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>Great! Thank you for the explanation!<\/p>\n\n\n\n<p>Let&#8217;s proceed to the 4th question!<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Thank you for your Great response <\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p><em>Q4 From Telegram User @iceVermithraxx<\/em><\/p>\n\n\n\n<p><em>Focusing on the Architecture of the PKT network, the PKT network is designed to decentralize internet access around the world by enabling anyone to become an ISP. To virtualize the technical aspects of an ISP, while decentralizing the location-specific role of infrastructure operator, you introduce the concepts of the Edge Point and the Cloud ISP. can you explain more on how PKT network aims to decentralize Internet access and make anyone become an ISP? can you also explain on the concepts \u201cEdge Point\u201d and \u201cCloud ISP\u201d? can you briefly share on the working mechanisms of the Edge Point and Cloud ISP? lastly, i noted that PKT network incentivizes people to become Cloud ISP, can you explain more on these? what are the advantages of being a cloud ISP?<\/em><\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Ok so when you think of a Cloud ISP, think about a VPN\nprovider<\/p>\n\n\n\n<p>it&#8217;s a company, they know how to do networking, they have\nreally smart employees<\/p>\n\n\n\n<p>but they don&#8217;t own fiber to your neighborhood, they&#8217;re a\nstartup somewhere<\/p>\n\n\n\n<p>When you think about an Edge Point, think about your\nneighbor&#8217;s wifi<\/p>\n\n\n\n<p>It&#8217;s the Edge of the network, hence *Edge* Point<\/p>\n\n\n\n<p>They *do* own fiber in your neighborhood &#8212; or more\nprecisely, they lease it from their provider, of a business line, or a wireless\nlink, etc<\/p>\n\n\n\n<p>The Edge Point is responsible for keeping their equipement\nturned on and functioning<\/p>\n\n\n\n<p>the Cloud ISP is who you call if you&#8217;re having internet\ntrouble<\/p>\n\n\n\n<p>and the Cloud ISP pays the Edge Point for their\n&#8220;raw&#8221; bandwidth and packages it into a product with service, support,\ninvoicing, etc, which makes it something you can rely on<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>By the way you mentioned that your project will become\nunstoppable when you get to the end of phase 3 of your roadmap, can you share\nthe roadmap with us?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>You&#8217;ll find it on my informational website https:\/\/pkt.cash\/<\/p>\n\n\n\n<p>You&#8217;ll notice that some of the steps are hardware devices or\nservices, these we expect businesses to come in and take over<\/p>\n\n\n\n<p>We want PKT to be a welcoming ecosystem for businesses to\nthrive<\/p>\n\n\n\n<p>because businesses are what package a product for people and\nmake it something nice<\/p>\n\n\n\n<p>Open source software provides a lot of freedom, but it can\nnever be as nice as a product, so we want products made from open source <\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Your explanations are very clear <\/p>\n\n\n\n<p>Thank you<\/p>\n\n\n\n<p>Should we proceed to the next question now?<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p><em>Q5 From Telegram User @jameslekan664<\/em><\/p>\n\n\n\n<p><em>Looking at the organization of the PKT \u201cNetwork Steward\u201d, I understand that 20% of every mined block goes to the Network Steward addresses and these addresses can be changed by PoS based vote. What major rules governs the payments to these Steward addresses?.. I also saw that it is possible for every PKT holder to impeach a steward and employ a new one provided that the steward isn\u2019t fulfilling it\u2019s role..Can you elaborate more on this voting process? How will the votes be conducted?..Under what condition(s) will the impeachment call be executed?<\/em><\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Oh that is a very friendly question haha <\/p>\n\n\n\n<p>So yes, the Network Steward has a lot of rules it operates under<\/p>\n\n\n\n<p>We never wanted to do any kind of &#8220;premine&#8221; or\n&#8220;founders fee&#8221; but we still wanted to be able to make the ecosystem\nmove forward<\/p>\n\n\n\n<p>From my experience doing state funded research projects, I\nknow how to build structures to prevent conflicts of interest and such, because\nin research you have to<\/p>\n\n\n\n<p>So the Network Steward, firstly, operates in full\ntransparency<\/p>\n\n\n\n<p>Every coin that it has ever allocated has a paper trail of\nwhat project that coin was allocated for, what were the deliverables, when was\nit proposed, and why it was accepted<\/p>\n\n\n\n<p>And if Network Steward funds are NOT allocated, within 90\nsays, they are burned by the blockchain<\/p>\n\n\n\n<p>To date, the Network Steward has burned more coins than it\nhas allocated<\/p>\n\n\n\n<p>This is somewhat unfortunate, because finding great projects\nis hard, but it is also a benefit to PKT holders because some 400mn coins are\ntaken permanently out of circulation.<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Now on the &#8220;impeachment&#8221; vote, we built in a\nmechanism by which, if the Network Steward stopped serving the community in a\nhorribly bad way, it could actually be replaced. To do this requires over 50%\nof all issued coins, so it is incredibly hard, but it is a mechanism to protect\nagainst NS malfeasence.<\/p>\n\n\n\n<p>The votes are part of the blockchain, the standard wallet\ncan vote when making a payment.<\/p>\n\n\n\n<p>People don&#8217;t do this, but to date the Network Steward team\nhas really worked hard to have an unimpeachable character<\/p>\n\n\n\n<p>It has a reputation for saying &#8220;no&#8221; to a lot of\nprojects, but better to refuse a good project then to pass a bad one and be\naccused of corruption<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>How does one become a network steward?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>There isn&#8217;t really any mechanism for replacing the team,\nexcept for the impeachment process that exists<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Clear <\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>However, the NS is quite interested in funding other\ninitiatives which act as an NS, a sort of &#8220;cascading fund&#8221; to allow\nothers to deploy funds more effectively<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Thank you for your answers <\/p>\n\n\n\n<p>Ready for the last question for this part now?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>sure thing<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p><em>Q6 From Telegram User @thisistoyin<\/em><\/p>\n\n\n\n<p><em>I Got to Know that PKT Pal has created a dedicated hardware solution called the PKT Cube to help anyone easily participate and get paid. I learnt The PKT Cube enables the average person to easily maximize the income from their unused internet bandwidth, without relying on their personal computer or laptop. Could you please help Elaborating on how these Cubes Works? What are its Functionalities and What sorts of Features does it has apart from maximizing unused internet Bandwidth? Could you Please Give details on how we Can Get This Wonderful Cube? Thanks<\/em><\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Ok so in reverse order again:<\/p>\n\n\n\n<p>How to get the wonderful cube &#8211;&gt; https:\/\/pktpal.com\/<\/p>\n\n\n\n<p>What does the cube do &#8212;<\/p>\n\n\n\n<p>It mines PKT the same way you might mine using a regular\ncomputer, but it is much easier and it has it&#8217;s own integrated wallet<\/p>\n\n\n\n<p>BUT it also gets software updates provided by PKT Pal which\nwill in due course make it possible to share internet using the cube<\/p>\n\n\n\n<p>And as always, easy<\/p>\n\n\n\n<p>PKT Pal is an example of one of the companies doing things\nin the PKT ecosystem. You can do what PKT Pal does, the core protocols and\ntechnologies are open source, PKT Pal&#8217;s secret sauce is what makes the cube so\nnice and easy to use.<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>How many companies like PKT Pal exists within the PKT\necosystem?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>PKT Pal is the only one which is currently making a consumer\nproduct. But we also have Anode which is developing a wallet+VPN app, and we\nhave multiple mining pools which own and operate their own infrastructure as\nbusinesses.<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Thank you for your answers <\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>Let us wrap up this first part of our AMA!<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>We will now like to proceed to the second part of our AMA<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>Get ready for some action now<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Our users will ask you their questions directly<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Sounds good<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Are you ready for them?<\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>yup yup<\/p>\n\n\n\n<p><strong>Jonah <\/strong><strong>&#x1f3c5;&#x1f3b9;<\/strong><strong>\n| Satoshi Club<\/strong><\/p>\n\n\n\n<p>Chat will be opened for 120 seconds<\/p>\n\n\n\n<p>Opening Chat now<\/p>\n\n\n\n<p><strong>Pavel P<\/strong><\/p>\n\n\n\n<p>Let&#8217;s ROCK! <\/p>\n\n\n\n<h2><strong>Part 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><em>Q1 from Telegram user <strong> @highpee <\/strong><\/em><\/p>\n\n\n\n<p><em>Many have criticised the PROOF-OF-WORK system which is championed by Bitcoin due to its ENERGY DEMAND and ENVIRONMENTAL CONCERNS which make new blockchain solutions to develop alternatives such as PoS, PoA, DPoS, PoSA etc.. Why did you still base your operation on PoW and how do you intend to promote an environmental friendly system? <\/em><\/p>\n\n\n\n<p><strong>cjd never sends direct messages<\/strong><\/p>\n\n\n\n<p>Energy is not environmentally harmful, 19th century energy technology is.  We have incredible abundance of energy at our fingertips via Thorium nuclear cycle. It&#8217;s not a theory, it&#8217;s proven, it really works, everyone agrees it works, but the nuclear industry keeps on using old designs and building expensive inefficient powerplants that are not inherenlty safe because it makes them more money.<\/p>\n\n\n\n<p> <em>Q2 from Telegram user <strong>@K2ice   <\/strong><\/em><\/p>\n\n\n\n<p><em>One thing that is very certain and clear is that a decentralized bandwidth marketplace will be necessary for the evolution of the Internet in the future. How can you assure users that the PKT network will live up to its expectations and how prepared is the PKT network for this great task ahead?<\/em><\/p>\n\n\n\n<p> <strong>cjd never sends direct messages<\/strong> <\/p>\n\n\n\n<p>I agree, it&#8217;s quite clear to me that this is the way of the future &#8211; like I said if we don&#8217;t end up in a WW3 end-of-the-world scenario. I can&#8217;t promise it will be us that does it, and not someone else. But what I can say is we&#8217;re going to give it all we&#8217;ve got and I don&#8217;t know anyone else who is really focusing on this yet. Though I hope more will come.<\/p>\n\n\n\n<p> <em>Q3 from Telegram user <strong>@Ask4Unik  <\/strong><\/em> <\/p>\n\n\n\n<p><em>While accessing your website,I notice some of the products PKT will bring to its platform they are,WinCjdns,CjdnsPriority,CjdnsMT and CjdnsDocker.So can you briefly elaborate what this products are and how beneficial it will be to users of PKT?Since you your roadmap is written in phases it will be difficult for users to actually know when the services mentioned above will be released,so have your team finalize when all products will be launched?<\/em><\/p>\n\n\n\n<p> <strong>cjd never sends direct messages<\/strong> <\/p>\n\n\n\n<p>These are &#8220;code words&#8221; and each one is further explained below on the site. It&#8217;s a good feedback though<\/p>\n\n\n\n<p> <em>Q4 from Telegram user <strong>Madan   <\/strong><\/em><\/p>\n\n\n\n<p><em>If there is no central authority in PKT cash, who will make Key decsion regarding listing on exchanges, partnership etc.?<\/em> <\/p>\n\n\n\n<p> <strong>cjd never sends direct messages<\/strong> <\/p>\n\n\n\n<p>Great question!  The exchange listings were managed by &#8220;working groups&#8221; of community members who came together and decided to do them. Businesses in the community pooled their money to fund them.<\/p>\n\n\n\n<p> <em>Q5 from Telegram user <strong>@Thisistoyin<\/strong><\/em>   <\/p>\n\n\n\n<p><em>I also saw that PKT put together the first-ever Ethical Communication Guidelines, which can help community members who are talking or writing about the project. Could you please provide us with information to which we could have access to these Ethical communication Guidelines? Is there any form if Incentives or Rewards that is Giving to Active members who are willing to Spread Important Information about your Platform to the World?<\/em> <\/p>\n\n\n\n<p> <strong>cjd never sends direct messages<\/strong> <\/p>\n\n\n\n<p>So the point of the Ethical Communication Guidlines is that people sometimes get too excited and start saying things which are a little too much like financial advice. This has not been much of an issue for our project but it is an issue in the crypto ecosystem. We wanted to really be a leader in good citizenship as a crypto project. There is no specific benefit for following the guidelines except that Network Steward funded projects are expected to adopt the guidelines or at least explain how they plan to make sure their communications are ethical.<\/p>\n\n\n\n<p> <em>Q6 from Telegram user <\/em><strong><em>@Marquills  <\/em><\/strong> <\/p>\n\n\n\n<p><em>How do you plan to dominate the internet market and in turn the decentralized market without having direct problems with any government?<\/em><\/p>\n\n\n\n<p> <strong>cjd never sends direct messages<\/strong> <\/p>\n\n\n\n<p>We probably will. There are a lot of governments out there which really need to stop doing what they&#8217;re doing. But this is where the &#8220;no kill switch&#8221; part comes in. China tried to ban cryptocurrency and see how much trouble they&#8217;re having already? They are even cracking down on their own government ministries for mining BTC. If we can do that but for free and open internet then the whole world will become a democracy<\/p>\n\n\n\n<p> <em>Q7 from Telegram user <strong>Endocryne   <\/strong><\/em><\/p>\n\n\n\n<p><em>PKT intoduced a new standard of token issuance called the Token Strike, which will launch Q1 2022, can you elaborate more on new standard of token issuance called token strike?<br> The objective of The Network Steward is to reduce barriers of entry to support the PKT Network in the pursuit of increased individual autonomy and privacy. In order to achieve these goals, The Network Steward will occasionally meet to review funding proposals and choose which projects to grant PKT to. Can you give a deeper insight of this PKT funding system?<br> I noticed from your website there is Network Steward system PKT which is a Multi-signature wallet which requires 3 out of 5 signatures in order to make a Payment. Can you please explain more on the Network steward system and how it works?<\/em><\/p>\n\n\n\n<p> <strong>cjd never sends direct messages<\/strong> <\/p>\n\n\n\n<p>Regarding TokenStrike, the team who is working on this has been slowed down because they&#8217;ve sadly been forced to flee from Russia .  I don&#8217;t know when they will be able to begin delivering milestones but I know they are still excited to work on the project.<\/p>\n\n\n\n<p>Regarding the NS, there is a lot of information available on <a href=\"https:\/\/github.com\/pkt-cash\/\">https:\/\/github.com\/pkt-cash\/<\/a>ns-projects I really recommend reading every file in that repository.<\/p>\n\n\n\n<p> <em>Q8 from Telegram user <strong>Brandon <\/strong><\/em> <\/p>\n\n\n\n<p><em>What allows PKT to work is the Lightning Network blockchain, but this blockchain is considered unusable because it is somewhat tedious to get an Exchange that supports it, nowadays it is hardly used. What do you consider important about the Lightning Network for PKT and Bitcoin? regarding the difficulty of investing using LN?<\/em><\/p>\n\n\n\n<p> <strong>cjd never sends direct messages<\/strong> <\/p>\n\n\n\n<p>We&#8217;re working really hard on stablizing the LN code. PKT is built on top of the bitcoin golang codebase, the same codebase used for LND, so we have a head start. The code does need extra attention to be robust but this is what we are working on every day.<\/p>\n\n\n\n<p> <em>Q9 from Telegram user <\/em> <em><strong>@Arnavx5 <\/strong><\/em> <\/p>\n\n\n\n<p><em>Do we need to do kyc or any kind of Permission before starting?<\/em><\/p>\n\n\n\n<p> <strong>cjd never sends direct messages<\/strong> <\/p>\n\n\n\n<p>Real blockchains don&#8217;t ask for KYC to mine<\/p>\n\n\n\n<p> <em>Q10 from Telegram user <\/em> <strong><em>Brandon <\/em><\/strong><\/p>\n\n\n\n<p><em>Can you tell us how they will keep hardware equipment running if the internet will be very cheap, what will be those means of payment Fiat or Cryto? <\/em><\/p>\n\n\n\n<p> <strong>cjd never sends direct messages<\/strong> <\/p>\n\n\n\n<p>You&#8217;ll be paid in PKT, because it&#8217;s the same everywhere in the world. If you were paid cash then it would depend on what country you&#8217;re in.<\/p>\n\n\n\n<h2><strong>Part 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n<p>As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.<\/p>\n\n\n\n<p><strong>For more information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n<p>English Telegram group:&nbsp;<a href=\"https:\/\/t.me\/Satoshi_club\/\">https:\/\/t.me\/Satoshi_club\/<\/a><br>Russian Telegram group:&nbsp;<a href=\"https:\/\/t.me\/satoshi_club_ru\/\">https:\/\/t.me\/satoshi_club_ru\/<\/a><br>Spanish Telegram group:&nbsp;<a href=\"https:\/\/t.me\/satoshi_club_spanish\/\">https:\/\/t.me\/satoshi_club_spanish\/<\/a><br>Telegram Channel:&nbsp;<a href=\"https:\/\/t.me\/satoshi_club_channel\/\">https:\/\/t.me\/satoshi_club_channel\/<\/a><br>Twitter:&nbsp;<a href=\"https:\/\/twitter.com\/realsatoshiclub\/\">https:\/\/twitter.com\/realsatoshiclub\/<\/a><br>Website:&nbsp;<a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p><strong>Our partners:<br><\/strong>Twitter &#8211;<a href=\"https:\/\/twitter.com\/pkt_cash\">https:\/\/twitter.com\/pkt_cash<\/a><br>WebSite &#8211;\u00a0<a href=\"https:\/\/pkt.cash\/\">https:\/\/pkt.cash\/<\/a><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from PKT Cash and our guest was . The AMA took place on the 23rd of March. The AMA session was divided into 3 parts with a total crypto reward pool [&hellip;]<\/p>\n","protected":false},"author":179,"featured_media":18675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/18697"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/179"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=18697"}],"version-history":[{"count":1,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/18697\/revisions"}],"predecessor-version":[{"id":18698,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/18697\/revisions\/18698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/18675"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=18697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=18697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=18697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}