Updated: Sep 3, 2021
Intro: Aaron: Cool, and welcome Mohommad and TSG. Here we are at another AMA. This one is a bit of a sporadic AMA. I’m sorry to everyone we kind of announced it last minute but that’s how we roll a little bit here to an extent. Welcome to everyone this week. We will be doing this a bit more sporadically and I said that last week, but we will probably be doing the next one in about two to three weeks and I will make sure we announce it the week before so that way we can get as many people in and or questions. I know a lot of people aren’t really confident at speaking at these AMAs and that is perfectly understandable. So, a lot of people send their messages either by DM or they write to people such as Monok, or Keith or maybe even TSG and Mohammad and send them through. So, please feel free to send your questions through as all questions are valuable and we certainly want to make sure everyone gets their question answered. Aaron: Welcome to another AMA. It’s been quite a week, I would say. I hope everyone is on a bit of a high. Things are looking quite good, no pun intended. Things are looking quite good from an MXC perspective. What we’ve been focusing on a lot is device provisioning. There is an article that’s been released, actually moments ago, please take a look at that as it speaks a lot about our vision for the future and what we are doing with our device network. What I want to do today is take a little bit of a different tact and what that means is I want to focus on some key aspects that I want to address in this AMA. Some questions people have already asked us in the past or in the last 24 hours. I also want to focus on the future vision of what we are looking to do towards the end of this year and into 2022. Then, I will hand it over to Mohammad and TSG and they can say their pieces and we can open it up to the audience. Aaron: Some of the things I know there has been some confusion around them so I want to address and start off with them so if there are further questions please put up your hand and ask. First things, let’s start with some good news - our new manufacturers. We’ve now added our 3rd manufacturer for our M2 Pros for MatchX. That’s super exciting because we have a lot of chips coming in from Semtech, which is also exciting. Even so, there have been quite a lot of issues regarding logistics during the roll out of the M2 Pro. This has caused quite a delay, and I know some people have waited up to 10 weeks and I personally apologize for this. This has been much out of our hands; nevertheless, as you all are supporters that isn’t really your problem that is our problem. Aaron: So, for those that don’t know we released the news on Monday(by the way great work Mo while Jeff is out of the office you did a great job) as Mo mentioned in the news all M2 Pro deliveries in Europe, and I’m talking to our European supporters (not discriminating against our NA supporters - we will have more news for you in two weeks) but for our EU supporters including the UK (still in Europe just not the EU) all of your orders will be fulfilled within the next 10 days! Now I know there have been some questions in regards to what does that mean exactly because Mo was on the news yesterday and he said “Up until today to order”... I would say it is hard to really say but it seems to be a limited offer but if you can get your order in within the next few days we can get it in within the next 10 days (many days have since past). Aaron: This is kind of crazy considering what is happening in this world and the deliverables of chips from some huge companies such as Tesla, Apple, Microsoft and all of these other big companies having problems with these chips and we can now deliver them within 10 days for all of our European supporters. For all of our North American supporters, as I said, we will have good news for you. I would expect Mo at the big desk will be able to deliver that to you in about two weeks. We have not forgotten about you, and also to our further global supporters that will also accompany you as well as part of our global news for NA and the rest of the world regarding faster delivery times. This is something we mentioned maybe 6 weeks ago. I think we spoke about new manufacturers and the Semtech deal, maybe even longer than that. So it has taken some time to get going but the fact is we do work hard for you all I promise you that. We work 7 days a week and we really want to ensure that logistics work well. We want to deliver what you all ordered and we want to do that fast. So that is really great news and that is super exciting to have more miners join the network. For everyone else, as I said, more news in the next two weeks. Aaron: Another thing I wanted to focus on is there has been some discussion in our Telegram (https://t.me/mxcfoundation) and Twitter (https://twitter.com/MXCfoundation) about Das Kaiser Project 3 (DKP3). Let’s talk about that a little bit. Now this one has been spoken about a lot and there has been some frustration, I’ll say. Let’s relax regarding DKP3. There has been no decision made yet. We are still going through some analysis of DKP2. I was hoping that report would be released this week but it will be released next week instead. Just some final issues regarding that. Now, we are analyzing the results of DKP2 and we are working out ways we can offer it to everybody. I said it would be available to everybody and that’s the plan. We are brainstorming ways and are trying to come up with a fair model that also sticks to our PoP mining model which we’ve had from day 1. That’s what we focus on in regards to MXC and that’s what drives our mining Protocol. For those that do not know what PoP is, that is our MXC mining Protocol as I said and PoP stands for Proof of Participation meaning basically the more you participate the more you earn and this is how our protocol is coded. So in a nutshell this is how it works and this is how we involve PoP and how we involve PoP in the future is still open. Aaron: As you know we just closed DKP 2 so I’m just asking for a little bit of patience at this point. I know people have been talking about staking, or “You’re going to have to stake”, or “You’ll have to have this much MXC in your wallet”, or “It’s only going to be available to multiple miners on peoples’ accounts.” etc. I know there has been a lot of discussion about this. These are just aspects that people are talking about. We haven’t nailed down any. We will be focusing on PoP which wasn’t tested in DKP or DKP 2. The reason why that was was because we wanted to test the sustainability of using multiple miners using BTC on the network and seeing how sustainable and robust our network was. That worked quite well but there were some elements of DKP2 that most people are aware of in regards to not being able to mine every day. That was an issue that bugged me and probably bugged a lot of our miners as well. Nevertheless, that is something we want to sort out as we want to really focus on DKP3, which will be a test net that will be available to everyone that qualifies for it. It will have some PoP elements in there. We are still working on what those will be. I personally feel, and I think most will agree with me, that giving it to people that have multiple miners only is not fair and I want the PoP model to be extremely fair for everybody. So, we will look into that and there will be more notifications. We will be communicative about it. We will also talk more about how PoP works. I think there is a lot of misunderstanding about PoP or our Proof of Participation model and we want people to really understand how that works for you and how you can get the most out of it. So what that entails (and I know there has been a lot of whirlwind discussions about it and some frustrations but there is no need. We haven’t decided anything yet. Look on the bright side. Things are going really well with MXC. I want people to maybe leave their frustrations behind for a moment and just focus on the growth of MXC and how more people are getting involved. I think we’ve had an exciting two weeks and we’ve grown substantially and we are still in a very early phase so let's celebrate aspects that we should be proud of as a network together. I think that is super important for all of us. Aaron: A couple of other things that I want to talk about before handing it over to Mo. People were talking about issues in regards to their Data Dash and not being able to log into it. We experienced, and I think but don’t quote me, happened around 10PM local time CET… there was what we assume was a DDOS attack. It doesn’t necessarily look like a standard DDOS attack and I’m not going to go too much into it, but the main thing is people’s accounts are safe. It’s peculiar it hit us around the time we pretty much hit an all time high as well. But we are looking into that and investigating different things. Our main objective is to ensure your security and your account’s security and that has been ensured. There are no issues in that sense. That’s what we work for. To make sure your mining, and not just your miners, but your supernode accounts and everything in regards to that (staking, MXC wallet, etc) are important. I know people are frustrated about that as well, but let’s not lose focus on what is important. The network are growing, people are getting more excited and more people are joining. I think a tweet was sent out regarding a DDOS attack. It’s a peculiar one, but it’s nothing to worry about. There are some random aspects of the attack still happening, but all in all everything is safe and people's accounts are safe. That’s the most important thing. We are focusing on making the supernodes more robust in the future. Those are the key aspects and I don’t want to talk about them too much. Later, I want to talk about the vision of MXC and what we are focusing on in 2022. I know there are a lot of questions that have come in and have been written to us and I’ll hand it over to Mo so I don’t hijack this one too. Mo, do you want to address any major points from your side?
Mo: For sure Aaron, and thanks for giving me the stage. Of course we have a lot of questions and definitely a lot to discuss. Today I want to talk about what we announced yesterday, to include the new MXC Rewards Program that went live. With this, you can get MXC merch from three different packages including a Bronze, Silver, and Gold packages. The package you qualify for depends on what you do. It’s a very simple process, but you just have to go to the MXC homepage (MXC.org) and see what is required to qualify. For most of you, you have already been supporting us for a long time so by doing a few simple things you can get some of this cool new merch which we have a limited supply. So, I would just say to go there and see what you may be able to do. Also, I know there has also been some frustration with DKP3 and also we are looking at DKP2 results. So it is quite early how the next test will look like, but at the same time give us some time for formulate the results and get back to you with the full plan. Also, check this out guys! We are at an all time high with the MXC price. Within the last two weeks we have doubled! If you started mining two weeks again it was around 2.5 cents each and now it is 5.3 cents! Isn’t that cool? It’s amazing and so much profit. Of course, I’m still doing the MXC news updates so please let me know what more I can talk about, how I can support the community more, and what topics you want me to discuss. Please, ask us questions since only questions we can bring forward. That’s all for my side. TSG, would you like to go for it?
TSG: Yeah, I can just say a few things. I know in the past a lot of people are interested in getting transcripts or recordings of these meetings. Luckily, I can update you all that I can once again provide those. I will be working on today’s to start with just so people can go back and listen to those questions and get some of those answers. So, I am going to try and get those out over the next few days now that things have settled down on my end. If anyone is interested in that I will try to provide updates as soon as I can.
Aaron: Great, and welcome. Thanks TSG for joining us kind of last minute. It’s kind of how we do things. Mo or TSG, did you have any general questions before we open it up to the floor?
Mo: Yes, I do Aaron. Let me ask some questions for Brian Allen today since he wasn’t able to join us today. Brian, we hear your questions and here they are.
Question: Will BTC mining require any kind of staking?
Aaron: I think I addressed it in regards to PoP. We don’t know yet, but it is a possibility. We want to test our protocol with the BTC mining. DKP3 will still be a test, and as I said Proof of Participation is what we are all about. The answer is we don’t know yet. We just finished DKP 2, and I know there is a lot of pressure on rolling out DKP3, or alternatively BTC mining for all immediately or tomorrow it’s just not… if I can click my fingers and make it happen I would do it but it isn’t just possible like that. The answer is it's a possibility. It’s something we are looking into. There are different options as I mentioned in my intro. We will let you know in the coming weeks, and give enough of a notice period so everyone can be prepared for what’s coming.
Mo: I know you have already answered this question but let me just go ahead and go through it.
Question: Will BTC mining be per miner or per Data Dash account?
Aaron: Well, I already answered that one but look. I want it to be per miner. That’s more beneficial, and per account there is just no need for it. It also doesn’t make sense. I’m not silly as well. If it was up to me and I had 10 miners then I would just make 10 different data dash accounts. Easy way around it. So, there is no need to do that. I think it should be per miner and not per Data Dash account as it is so easy to make DD accounts.
Question: What about DOT mining, can you shed some light on DOT mining?
Aaron: Let’s do BTC mining first and let’s close that off. I don’t want to talk about DOT mining right now. Let’s focus on key things. UniSwap liquidity is still a thing as well that we want to focus on. I’m happy to roll it out very soon. DOT mining … it’s a thing in the future and let’s not talk about it until we know more facts. We’ve already seen what happens when rumors break out. I only want to mention things I can guarantee for sure, and that is my answer on that.
Question: Any estimate on the IoT data link market and when it would be live?
Aaron: It’s a very good question. We are taking an alternative approach to other IoT tokens out there. We really want to focus on device provisioning. What this means is that of course we will be looking at downlinks which are cool. However, I don’t think downlinks will bring in the revenue that people are expecting. I think device provisioning will be the future of LPWAN. I think it will be the future of data on-chain. What that means is device provisioning lets people join the network via the hardware they have already purchased. I’d expect to see some big movements next year. We are in talks with a lot of hardware developers. These things take time. It’s very easy work to make it all simple to connect to the device provisioning which allows a lot of different devices to connect to the market. We are taking a very different approach to the global data network than other mineable IoT tokens out there. That’s our goal, so I think it is much more beneficial and hopefully much more profitable and will build a much more robust network. Mo: Just to add on the device provisioning, we have just recently been in talks with one of the manufacturers for smart locking which will allow us to get our hands on a great smart IoT device which basically tracks the number of individuals which are using the smart device. This can help people track who are entering the house, how many times they are coming and going, and at what times which can be useful for Air BNB folks. So, if you want to lease your apartment for 3 days, you can also give access to the person for temporary living. So, we are in talks with those manufacturers and hopefully we will have this on our website. So, one more question from Brian and then we will move forward.
Question: Do we know when the other health criteria will go live?
Aaron: At the moment we are not in a rush to put those in. I want people to get used to the current health factors. I think there is still some confusion around it. I think people understand the benefits of health over halving and you see that through what’s happening in other markets. I think also what is happening in regards to recent reactions to MXC as a token is a positive in regards to health. Regarding Elevation and the other factors we will release those in time, but I promise we will give you all enough notification. I will say a bold statement that we will give you at least a 30 day notification so that people have the opportunity to really understand. We’ve got a lot more transparency than what we had with health. We have learned a lot from the past.
Question: Any idea what causes pressure on MXC in regards to the recent uptick in value?
Aaron: People buy MXC. That’s what happens; when it gets bought the price goes up and when it gets sold the price goes down. I hate to answer it in a silly format but that is how it works. I’d like to think that people are excited about device provisioning as it is going to be huge. It is certainly a different scope and angle that we are taking. I’m hoping that people also understand what we are building as a network and as a global device network and the robustness of it. That is really important to us. I said this last week - we are not really interested in dummy data which is the sending of small data packets that doesn’t serve a purpose. What I want to do is build a market that is self-sustainable so you guys can earn more from it from a monetary perspective so you all can earn more from it. That has always been the goal and that is why I think device provisioning is the key to this. That is why we are branching off into it. We will still respect downlinks and we are preparing them for people to benefit from them via smart houses and smart cities, etc. However, I do see the answer is device provisioning. I don’t - know, we can ask people on the floor here why they are buying MXC if that is pushing the price up and what they are excited about. That is my assumption though, but what do I know?
Mo: That is all the (submitted) questions I have. Let’s go with the audience, which we have a lot today around 78.
Aaron: That’s because you are a star. Let’s go ahead and bring Alin to the stage.
Question: I don’t really have a question but I just want to clarify something with Aaron. About 5 months ago when I bought my 2 miners you said Bitcoin mining will be on top of it (MXC mining). It was not promised it would be free or something, but it was said it would be on top of our base earnings. You know, between mining and staking these are totally two different things, you know? Our miner is just mining MXC, that’s it. That’s all I want to clarify.
Aaron: Sure, let’s talk about that. I don’t want to be pedantic about thing and say “well, actually I said this.” So, let’s talk about that. What that means in regards to Proof of Participation mining (and I think this is something has been misunderstood) is that PoP lives from participative involvement in the network. BTC mining as a result of that would then be participative (or PoP) and focus on our PoP protocol.
Reply: Excuse me, let me interrupt you. It’s true what you are saying and I agree 100% but it doesn’t make any sense when it is saying the miner is a multi-miner. We just mine MXC, that’s it. Do you agree with me in that? Just to clarify that with everyone.
Aaron: I don’t agree and I’ll tell you why. I think with the M2 Pro it helps you to mine DHX. What I mean by that is that of course you can get involved in DHX without a M2 Pro miner but you can also boost your DHX mining with a miner so therefor it increases your mineability of DHX firstly. Without that you cannot mine as much DHX. Secondly, with BTC mining because it is based on our PoP (as is MXC based on PoP)... Let’s face it, if your MXC for example… you have less in your fuel tank or if you have really bad Uptime then you will mine significantly less MXC which is also based on PoP. So I don’t think it is going away from the overall model that we are doing with PoP. I know there is some frustration. Reply: You know because it doesn’t make sense from our (the miner’s) point of view. We love the project. That's why I put $7,000 in. I put it to win, but I also put it to help the project go forward. I want to build something like you all. For me though, it isn’t logical. Take the MXC. I already put in $7,000. I’m now going to buy more, that’s clear. If I want to take from the fuel and put it towards the BTC though, it doesn’t add up to lose $5 to gain $1, you understand the frustration here?
Aaron: I don’t 100% understand the frustration. If it was to lose $5 to gain $1 that doesn’t make mathematical sense. I agree with you that it wouldn’t be worth to get involved with.
Reply: No, so we are somewhat forced to make a choice to buy more MXC to participate. Maybe people can’t afford it. I’m already $7,000 in and for some people it isn’t a lot of money, but for others it is.
Aaron: How long have you been mining? Reply: 25th of May
Aaron: Ok, and I’m not here to make promises on any returns and I don’t want to say that you have to put in a certain amount of money to feel like you are a part of this.No matter how much you put in I want you to feel like you are a part of this movement. Even if you don’t put in money that is also fine, just get involved and be a part of the token/network.
Reply: I know and this is what I tell my friends. I’m not against it but something doesn’t add up and you all need to think more about us miners. I don’t want to sound like it is all about the money, and I don’t want this project to end up like other projects that I won’t name.
Aaron: At the end of the day we have to make difficult decisions. One of those difficult decisions was miner health and if we had a chance we would have done it differently in how we introduced it to the community. That goes for BTC mining. I don’t want to speculate and I think that is based on speculation in regards to staking.
Reply: Right, and we can stake for DOT or something else, at least we can have BTC for us so we can truly say we are multi-mining. Just an idea.
Aaron: I appreciate that. On the other hand, if you look at UniSwap liquidity mining. That would also require investing MXC to ensure you got liquidity mining back on it; whether that is whatever partners we put together with that like USDT or USDC. That requires an investment to get a return. You could argue that is in regards to liquidity mining or staking. It’s not me staying “Ok give me $5 and you won’t see that again.” A lot of it is in regards to it is just an investment and staking returns to you anyway. So we aren’t charging you money, and that goes for anything such as liquidity mining.
Reply: Thank you for answering the questions. A lot of people want to ask this so I took the initiative to ask this as I wanted to hear the answer myself.
Aaron: No, that is cool. I think also, we know people invest money. We want to be responsible and make sure people feel confident in the steps we take for the future. It doesn’t matter if it is $1 or $1 million that is people’s hard earned cash and we are held responsible to you all and we take that on our shoulders. We do take that into account when we do anything.
Question: So two questions for you. The first one is in regards to the supernode outage during the weekend. Two pieces to that. Could there be moving forward (and probably one off cases) some kind of telegram message that is sent to the community or on like MXC.org that shows when there is an outage? Because I was trying to troubleshoot a lot on my end and I thought it was an internet issue on my end. If I knew it was more widespread then it would be understood that I would just be in a holding pattern until it gets up and running but I know it is something that I don’t have to deal with. The other question is if there are long outages that occur because of the supernode because the Uptime metric is factored in, would there ever be any kind of adjustment? I know you all have the 5% buffer but if it turns out to be longer down the road will there be something to try and course correct it since it will impact the 7 day/weekly average?
Aaron: The answer to both of those questions is yes. Firstly, in regards to alerts, we get alerts when there are unusual activities on the supernodes. It’s a little bit difficult, and the reason is this hit us about 10:00 to 11:00 late last night so it was hard to respond too quickly. We did have the devs on it though. That is a great idea though. I think even if we prepare some kind of image that says we are facing some kind of difficulties so we increase our communication and transparency. Then people will at least know. I 100% agree with you. At least they would know that something is up and it isn’t on their end or just their account. I agree with that, and I think we can put it in discord and maybe Telegram so that people are aware that something is happening and that we are well aware of it. I will make a note of that right now. In regards to the second aspect/question, we are looking into building it a bit more robust. I don’t want to go too much into it. Clearly, it was a deliberate act which I kind of think is cool in a way, because that means we are growing and not everyone likes that. On the other hand I know it is frustrating when people cannot get access to their account. We are working on a more robust element to try and ensure this doesn’t happen. Even Facebook, Twitter, WhatsApp have went down this year or last year. So I apologize for that. It isn’t something we want to happen, and we want to ensure there is more faith in what we are doing. In order to do that we have to build a more robust network so we are talking with some partners and with our devs to see if there are any elements that we can improve. I can’t comment anymore on that but I do appreciate your comments. I have the notes to make sure we make some kind of announcement in the future so people can relax and know that we are aware.
Question: With the lead times being shortened in terms of delivery, I know I have friends that want to get in and purchase an M2 Pro, I was just wondering where the referral program is at. Maybe it was launched, I’m not sure. As part of that, if I was interested in a bulk buy say 10 units+, is there any discount offered? I’m just trying to find the optimal time to buy in to take advantage of coupon codes or other promotions you all are running.
Aaron: To be honest with you, I would love for the affiliate networks to be up already. It’s kind of like the Neverending story, and I hate putting time frames on that. I know we have said we would have it up by August but we haven’t fulfilled that. Trust me, there is nothing more than I would like than to get affiliates running and broaden our network and get more people making more content and bringing in new miners. I know there was a question, actually, and sorry to go off topic, asking if we would hit 15,000 miners this year and I don’t see why we wouldn’t. I would hope, and I don’t want to promise because I don’t like to promise if I can’t stick to it, but I’m aiming for the first week of September to bring out affiliate networks. Then we can start rolling out more benefits to those that promote MXC and those that bring in more supporters to our mining network. In regards to payouts to affiliates and coupon codes that they will be able to offer their supporters that is still being worked on right now and you will know more. We will certainly add it to our Telegram, Discord, Twitter, and whatever else (Facebook). We will announce it as soon as we can so everyone can understand if it is worth joining. But, we want to make it worthwhile so we can grow this network even more.
Question: I just wanted to add on to Burned’s question regarding supernodes as it is being asked quite a bit in general chat - with the issues the supernodes are facing, several people are reporting they still can’t login. Is this a known issue that people can’t login still, and do we have an ETA on the fix?
Aaron: It’s a bit of a sporadic issue. We are kind of noticing drips and drabs of attacks coming in. The reason we are doing this is purely for security. I know it is frustrating because people just want to know what is going on and they want access to their stuff or to their miner to know what’s up. I’m probably going to lie to you here but I want to say it should be wrapped up by today. We are working around the clock to solve that issue. It should be solved, I’m hoping, by the latest within the next hour or so if it hasn’t been resolved already barring any new DDOS attacks. I’m hoping that will be the case, thanks TSG for that question.
Discussion (community viewpoint) between Aaron and Ambassador Daniel: Daniel: What’s up Aaron? (small aside about Clubhouse)
Aaron: Sorry to interrupt, but I just want to say. Things are moving in the right direction. We’ve made some decisions like Miner Health that are unpopular but are good for the network. Some of the time we make decisions that are not the most popular decisions, but we do think about every supporter when we make these decisions. However, at the end of the day we make these decisions for the network and for making the network more robust. I’m hoping everyone sees the network is heading in the right direction. It’s still in the early days but we are heading in the right direction. I know I cut you off but please go on Daniel.
Daniel: No, it’s fine. You asked who bought MXC, and I bought some obviously. I bought some in 2020, I think that was the time, and then this whole journey began. I think everybody has this frustration about the whole halving and health stuff, but to be really honest if you look at the history of Bitcoin whenever there is a halving you know what is happening. I think this could be a good strategy with us as well. I had no issues with health. I was like, ok, this is actually making it more sustainable in a way. You already admitted it would have been better in introducing the whole feature. I think that is some feedback we need to consider. You know what I’m managing in MXC. I got loads of comments from different people around.
Aaron: I think it just came as a shock to people. I think people are now realizing, I’m hoping and I don’t want to speak for people, but I think people are realizing health is not too bad. I know there are still some haters out there. However, this is crypto and that’s how it works, I get it. I personally think health is beneficial for people and the network. I know I’ll get people saying you are wrong. It’s beneficial for the network and growing the network, but it’s always a balance. I had a chat with Monok the other day. It’s a balance between giving to the community, which we want to do, and managing the network. It’s a fine balance and sometimes you tip one way too much and sometimes the other. People get frustrated and the first thing that comes out of people’s mouth is “Oh it’s a scam, or Ponzi”. There’s not really any evidence of that and we’ve been around for a long time. I don’t know what scam we are pulling, and it’s a terrible scam as we’ve been around for years.
Daniel: It’s a terrible scam, and you all are doing a terrible job at scamming (sarcasm).
Aaron: I’m glad to hear that. Look, we want to follow truth and transparency. We’ve failed on the transparency when it comes to Miner Health. I’ll put my hand up and take responsibility. We need to improve that. We need to improve education. I still see elements of PoP that are not understood. I still see elements of mining that are not understood. We need to do a better job in communicating and demonstrating to people how that works. This isn’t a paid political announcement and I’ve not paid you so I’m happy to hear you like health. I know we have a long way to go and this is just the very start of our network. We should have done a better job, and I think we are kind of past that now (as I think TSG said) and we have to move past it. I mean we’ve also learned. I mean we are learning every day from you all. What you all like and what you don’t. You all help us to be a better network, and a more robust network. There is no better example of that then where we are now. We hit an all time high last night our time, early morning in Korea probably. These are exciting times! So let’s focus on what is important. Everyone wants to have the high times so let’s focus on that.
Daniel: Ok, I think when you mentioned that health is good, I saw someone arguing that it might not be good, and I don’t want to say “I’m an old timer so listen to me”, but if the health issue didn’t come up I guarantee you we would not see an all time in the near future. It just wouldn’t matter, and if you do the math it wouldn’t happen. Proof of Participation would be an oligarchy. People would just buy a lot of miners and then sell off all the MXC. If you do the math, I think they (the MXC team) did the right move. I don’t want to be too mathematical, but it was going to be easier for anyone to affect the price. So, really just be patient about the features and feats that MXC will accomplish. I’ve seen them pull off crazy stunts. Maybe we can see some other updates regarding partnerships. That could improve. Their partnerships are focused on Polkadot, which is really hard to develop if you see their codes. That’s why they went with Kusama starter, and I could go all day with this, but it really depends on Polkadots developments and their substrate technology on whether it could develop in the future. I think that is what is going to decide, or you know, even make our all time even faster (better?). Don’t hate MXC… maybe hate Polkadot’s development issues.
Aaron: Don’t hate anyone! Here’s the thing, all tokens are trying their best besides maybe like 1%. Most tokens, I think and maybe I’m naive, but they are trying to do their best and they are under a lot of pressure, as are we, from their supporter base and that is great as it pushes us to do great things. We are trying our best and I know Polkadot is doing their best. Everyone is trying to do things and there is no reason why you would bring something else and try not to achieve it. We are trying to do that. We have been around for 3 odd years now. I know Polkadot is still relatively new to the scene but they have done amazing work and I think what they will bring out in the future will change a lot in regards to how people deal with Ethereum and how people deal with multi-chains and parachains. I think there is a lot of development to be done and I can guarantee you there is frustration there and frustration in regards to how we are developing. I would love to roll things out in two seconds but it is just not possible. We are trying to deliver things that have not been done before. You could even argue Health, which has never been done before, we could have taken the easy road and could say let’s just do halving. I’m sure there are some in the audience that would say halving is better and it is proven. I’m not 100% sure it is 100% proven as I don’t know if people want to be stuck earning 50% less. There are people that still don’t like Health. That is fine, you can disagree with me. We are trying to focus on a decentralized world. That means when you reduce your mining power, you choose that not me or someone else. That is the benefit of Health. With halving, you don’t choose that. People can then argue and say halving is better because x, y, and z; and that is cool. We choose health and I think the biggest issue is that it has never been done before. As a result, we still need to roll out more education about that. We will continue to do that and get better at it. I hope once people understand more about Health they will understand the benefits of it and how it helps them and as Daniel mentioned how it helps the entire network. I’m always happy to answer questions about health and what people don’t like so let’s talk about it. Thank you for your ongoing support Daniel since 2020.
Question: I tried to buy 10 miners before and it went fine, but this time I had a lot of issues with customs. I had to go to the airport to try and get it and I had to pay $500 and still couldn’t get it so my question is there something that can be done to get this resolved? Second question: A lot of people may not know about the purpose of DHX, so could you expand on that as it is the only multi-mining token available right now?
Aaron: As this is a very Korean specific question, you should be able to work with Sibi. He’s been working with Siwon regarding this issue. You need a business number for this issue, a business registration I think. I’ll tell you what I’ll do. I’ll post exactly what you need to do after I run it by Sibi. As long as you have this business number you can ship to Korea. If we can work on that you shouldn’t have any issues. In regards to DHX, I don’t want to talk too much as this is MXC. We are contributors to DHX, we don’t own DHX as it’s a DAO. I know you’ve all heard that a number of times. What I would strongly suggest is that people visit www.datahighway.com and please support them. I know they are more focused on writing code at this time, which is more like Polkadot at this time, as opposed to marketing. I think they need to improve that if I can say my point on that. Also, they are looking at decentralized roaming solutions which is very important especially for LORA networks and most importantly for people that travel around and want to connect to multiple data networks. It’s a very very intuitive element in regards to multi-connectivity and traveling around to different states, state borders, and countries and staying connected. I don’t want to go too much into that because like I said this is MXC. Please read their white paper and I know it is kind of boring and people don’t want to do that. What I’ll do is ask a couple contributors and see how they can become more marketing active. We’ve only got 10 more minutes, so let's get through these. I’ve got to get to Mini-Pancakes as he has been waiting forever.
Question: Will the 700 MXC withdrawal fee (from Data Dash app) ever be reduced later on?
Aaron: Yes, I can envision that.
Question: Any news on the release of DFI (data futures index)?
Aaron: That’s a tricky one and I’ll be transparent with everyone that caught me off-guard. DFI is a tricky one in regards to the app store and we are looking for a solution in regards to that. I can’t go into too much detail but it is in regards to the data futures trading. That’s not defi it’s DFI which stands for the Data Futures Index. We are trying to look at ways we can coexist with the app store. There is nothing worse than disappearing from the app store. We’ve done that and we don’t want to do it again. We’re looking at how we can fulfill the requirements from our dear friends at Apple while still fulfilling the requirements for DFI. It could be that we have to take it off the app. I don’t want to do that though so we are trying to look at ways we can manage that. Thanks for putting me on the spot Mohammad I love it. :D
Question: Any chance you will create an in-app exchange where MXC and DHX can be exchanged?
Aaron: No, we are not an exchange. Definitely not. We are not an exchange, and I don’t foresee that ever happening. I can’t imagine seeing that ever happening. We are not an exchange and we don’t have a license. We are not going to get into that game and it isn’t cool being an exchange. I don’t really like most exchanges and I certainly don’t want to become something I’m not a huge fan of. There are some cool exchanges and obviously exchanges that list MXC are the coolest. However, I don’t want us to become an exchange, we are not an exchange, and we don’t have a license for it. So I don’t envision that during my tenure at MXC which I expect to be a long time. Sorry, Mo I’m going to turn it over to Mini-Pancake who has been waiting for a long time.
Question: Regarding the Das Kaiser Project, I think you all should take your time. I would really like to get involved with this, but one reason I like your miners is because it is set and forget. I look into the app maybe once a week. Mainly because as long as I have power this thing is working. I recommend this to friends who want to get into mining and I don’t recommend any other mining because it can be a headache. This thing does work, so whatever you all do in the future just take your time. From my point of view, just take your time to make it work so we don’t have to check every 6 hours if it is still up and running or wondering if I am still getting my tokens. That would be a nightmare. I would rather wait 2 or 3 months.
Aaron: I really appreciate that. You are one of the very few people in crypto that says take your time. We rarely hear people say that. It’s usually the opposite like, “Guys why aren’t you moving faster?” Are you German by chance?
Reply: Yes, I am German
Aaron: Cool, where about?
Reply: Actually I’m in Thailand. I moved 20 years as I had enough of Germans and I left
Aaron: Ah, well we are still in Berlin. Come and visit us sometime if you are ever back.
Reply: I will be back in December when I go to visit my brother.
Aaron: Well, come visit us as I would be more than happy to buy you a beer or a coffee. I agree with you we need to right decisions but we also need to make fast decisions or relatively fast. What I mean by that is that this industry moves extremely fast so that we need to ensure we make the right decisions quickly. Sometimes these things take a little longer. I appreciate your sentiment in regards to the fact that we need to ensure people feel confident with BTC mining. I 100% agree with what you said. People can be relaxed and sit back knowing they are mining BTC and life is good and they don’t have to worry about it every few seconds. They should be able to be relaxed and not have to worry about the playing field changing every so often. I appreciate your comment. I wish there were more out there that would be more relaxed as you are about our development process. Our dev team would probably love to hear you as we are constantly pressing them to do more things. I can’t promise we will be taking our time as we are trying to fast-forward things. We will be releasing DKP2 analysis that will hopefully shed some light on issues that arose during DKP2. I know people realize that with DKP, at least those that were involved, there were issues involved, let's say, with the reliability in mining. It wasn’t happening every day which was a bit of a breakdown on the network. On top of that I think one of the big criticisms we’ve received is that it wasn’t available for everybody. That made people relatively frustrated. That’s why with DKP3 I don’t want to keep dragging this out and I want to include everybody and ensure it is successful and make sure people feel good about it. I want to ensure people can do some low-power BTC mining or get low-power BTC rewards via the M2 Pro. That is what we are about. It’s not all about muti-token mining. It’s about building the network, and that is one thing I want people to focus on. More and more that is a goal.
Aaron: We’ve got about 3 minutes left and I don’t see any more hands up and I think that is perfect timing. I’ve spoken far too long today. Mohammad or TSG, do you all want to say something so people can stop hearing my voice?
Mo: Sure I can say a few things. I don’t know what was wrong with my mic but I seem to be having issues and it seems to be the room I’m sitting in. However, please feel free to ask me, write to me, or just ask questions and let us know what we can do better to improve. Also, feel free to suggest so that we can work on it or ask the team to work on projects so we can bring your voice to the team so we know what you all want. Feel free to always ask questions, give suggestions, and all of that.
Aaron: Yes, if I may add to that as well, don’t forget that Mo is at the big desk and also if you would like the news to be different or focus on different aspects, or even have Mo focus on deeper understanding I’m sure Mo wouldn’t mind. I’m kind of putting you in the deep end Mo, but if people want to understand things about MXC better, send Mo a DM as well.It’s perfectly fine and we can dig deeper. We are here to present to you all who want to give back. Sorry, I’m hijacking once again. TSG, you have any final comments for another AMA?
TSG: No, as usual I would like to thank everyone for showing up and staying pretty calm. I know crypto and everything related to money can be emotional with the ups and downs, but everyone is usually pretty good about keeping on topic so thank you everyone and thanks to Mo and Aaron for answering all the questions. If anyone continues to have more questions feel free to throw those in the general chat and I know there are really active community members that are always willing to help out. I know Mo and Aaron and other staff will pop in and answer questions when they have time too.
Aaron: Thanks for joining us TSG. I know you bring a lot of the questions from the community and answer questions for the community. I really want to thank you for your help and support. It’s really helped us, especially across Discord and Telegram as well. We really appreciate supporters such as yourself. I’m hoping it is relatively quiet because the price isn’t too bad. But we aren’t about the price, we are about the network so the price is secondary. Thank you all for joining us today, like I said we will be doing this sporadically. The next one will be in two to three weeks. Keep your questions coming. I appreciate you Monok for compiling a lot of the questions, TSG, Danilla Ice (who I need to start learning to speak your new name which I forget (Informal Crypto)). Thank you all for joining, we will be in touch in the next few weeks. Have a great week! Onwards and upwards for MXC and thank you so much for your support. We really appreciate it.