Divi Live at Five … September 18th, 2020
Welcome to another addition of Live at Five, or at least my write up of it. Nick is excited, and so am I about writing this up. Nick is super jazzed about his name being misspelled, great start.
Some shoutout to Zoe, the CMO for really bringing the brand together and these weekly updates are going to be a big part of it.. Recapping what to expect out of these Live at Fives. So they will be:
- The numbers (for Divi)
- A crypto market up date
- Some interviews, this time with CEO Geoff McCabe
- A project update
- Some extras and surprises
- News and then AMA
The Numbers
In this section we will just talk about the quantitative aspects of the Divi project.
New milestone hit, 13098 signups for the beta wallet (obviously even more at the time of this writeup). When the wallet islaunched, it will be nice that there will already be this critical mass of users.
Masternodes, the Divi community is now running 1526 masternodes (again, obviously even more at the time of this writeup), a new all time high. Nick reiterates that many people still think masternode projects are ponzi schemes. Some are. But as I have always said; Divi has masternodes, it is not a masternode project. This shows a highly decentralized project.
Nick then put up at stats page. I always love when he does because I wrote that thing. I promise, there will be a day when I make it better. until then you can get it yourself here.
Nick is incredibly, and rightly, excited about the security of the blockchain. 52% of all coins are locked up in masternodes (and an additional more are locked up in staking wallets, but it’s hard to know exactly how much). “If you are tradin Divi, then you ain’t stakin’ Divi” and are missing out on the fun.
Crypto Market Update
Bitcoin hit $11K, but sadly, was not able to hold that value and dropped back a bit. Ethereum has moved to $382. All of us old timers remember sub 1 dollars Ethereum. These are crazy times. The value generation crypto is has brought on and is set to bring int he future is truly hard to comprehend. We are lucky to be on board.
5 after 5 (the interview with GeoffMcCabe)
What is Geoff up to for Divi? Geoff is in a lot of meetings… :)
People come to Divi trying to see how blockchain can help their business. Other conversations about how Divi has improved over the last 3 years.
Divi has hired a lot of people since the price has risen. So people are now hired to do things that Nick and Geoff have been dreaming about. Divi now has a very experienced team. Three partnerships
Maya Project are building 5 Maya contianers that are being shipped to Sudan, Africa. Some video is incoming. Geoff thinks they will be shipping in 6 weeks. These are 20 foot containers for providing solar energy where they are deployed. Containers can provide clean water, or power cell towers, or charge devices. Divi can be part of that economy, places where there are no banks, little identification, perfect for a crypto solution. Go to maya.ee to find out more.
We have a partner to help us with bitcoin and litecoin loans. This will allow people to get percentage income just on holding bitcoin. He couldn’t announce yet, but it’s good news coming.
Divi will have a custody service for keys, but it’s not for everyone. But it’s critical for some people, and for businesses. There needs to be custodial services for aspects of crypto, in the same way there a financial services for fiat and gold.
Geoff is working on a new whitepaper. He is enjoying the changes from two years ago. “Crypto made easy” means something different now than it did then. Divi will NOT have a single focus, Geoff intends for Divi to be versatile and employed in lots of places.
Divi Ventures has been funded by around a million dollars and 16–17 people have signed up to join it. It funds use cases for Divi. Lots of use cases are going to be built around it.
We’re building Permatek — a digital nomad space where you only live and earn using crypto. We’re building something like upward or fiver, where you can earn crypto there. Anything you might want to do with cash, we want to provide a way to do it with Divi or crypto in a really interesting way.
Geoff’s background is in product design so he wants to do it from a product point of view — tech is secondary because if people aren’t happy they don’t want to buy your product.
One of the things that makes Divi unique in the ecosystem is we have people building use cases and not just focusing on latest and greatest technology.
After that schpiel, Geoff took a break and asked Nick to see if he wanted to ask or mention anything.
A lot of people say, a lack of focus is a bad thing. Divi has always been focused on one thing — making crypto easy and more accessible, but this expands Divi into new use cases.
However that doesn’t mean just doing one thing — it requires several different answers and the only way to achieve that is to create an ecosystem that allows other people to help build with us.
So Divi ventures is intended to partner with people outside of the crypto ecosystem to help create things that will enable individuals who may or may not have heard of cryptocurrenices at all to achieve that final independence we talk about to often.
Projects and Ventures Updates
There is a new Divi wallet update. The GUI wallet should be up to 1.7.0 and the CLI wallet should be up to 1.1.2. Seriously, make sure it was done. If you do not update, when the blockchain forks (coming soon), you will be minting coins that are NOT actual, tradable, usable DIVI. Let me say this again:
UPDATE YOUR DESKTOP WALLET TO 1.7.0
It should update on its own, but make sure it has. If not, restart your wallet.
IF YOU HAVE A PROBLEM COME TO THE TELEGRAM SUPPORT CHANNEL.
Get the wallet from the Official website or official github if you do not have it already.
Do not, and I mean it, do not download from anywhere else. Any other source is likely to be a phishing site, and the code you download will allow people on to your computer.
Divi Mobile Wallet — Moving fast, 120 commits to read over the weekend.
Bitcoin Ben Nationwide Unmasked Tour — Bitcoin Ben is going to Four Cities hanging out talking about crypto with Nick and influencers. He goes above and beyond to support Divi and excited to see what he can do. He will be spreading the Divi and crypto love.
First Stop: Orange California, and Nick will be there.
Exchange not announced today — but only two weeks left in the month, so deduce from that what you want. :)
News
Nick spent some time reviewing the life of Ruth Bader Ginsberg.
Nick talked about Kraken, who got a bank license, in the United States. It’s a pretty big move that a state has accepted a crypto bank. Its a huge shift for crypto with regard to preception. But it’s still a bank. Nick laments that it’s just a bank, the same crappy thing as we are trying to get away from. Divi will still fight this fight for obviation.
The central Bank of India was trying to get Crypto currency banned in India, but they were blocked by the government. In March the government lifted a ban on crypto trading. Now the government is trying to ban crypto trading, again. Crypto serves many of the underserved communities in India itself. This is clearly a huge step backwards, but hopefully they will come around in the end. India has a long history of making poor decisions about monetary policies that actually hurt the very people they are claiming they are protecting.
AMA
Q — When Coinbase?
Nick — Big exchanges are a route to our project. We understand the desire — it will come with time. Sushicoin got on binance then their founder exit scammed. We’re here building real tech to help people.Trust the process.
Q — Do the Divi team feel that when the mobile app launches they will meet their projected market cap?
Nick — We don’t have a projected market cap. We don’t focus on price — we focus on the product and technology. And to make something that people want to use.
On ramps the app will provide will make it much easier to buy Divi. Exchange and use your own fiat within the app. Ironing out the value chain and products that people typically use. Why wouldn’t people buy Divi and master nodes at the clock of a button?
Q — Can you delve into franchisers a little bit?
Nick — we’re setting it up for RiDivi, but it’s early, we’ll update when there’s more.
Q — Do we need to update the diving WhatsApp wallet?
Nick — No — happens automatically.
Q — Where does the word Divi come from?
Nick — in USA Divi means divide equally, we say Decentralized Intrinsic Value Initiative, but really, who cares.
It means the philosophy that we want to build world class financial applications that make cryptocurrency accessible to the world.
Q — Will there be a feature that gives you the odds of a lottery win?
Nick — need to talk to devs about this idea. He liked it.
Q — Will there be a feature to get notified when you get masternode rewards?
Nick — Yes, and there is a feature in the new desktop wallet.
That pretty much wrapped up this weeks Live at Five.
Once again, thanks to Troubled Ninja for some of his text for this transcription.