Great progress is being made for the Pirate Chain implementation of Orchard. Pirate Chain was also represented at privacy events such as MoneroTopia in Mexico City. We are also looking forward to supporting our ARRRmada.com merchants as part of Pirate Black Friday in preparation for the holidays. Stay tuned for an upcoming X space highlighting vendors who accept ARRR for the holiday shopping season in December.
Strengthening ARRR: The Economic Impact of vARRR
ARRR as a Base Currency: The role of ARRR as a base currency or collateral solidifies its position as a cornerstone of financial transactions in the Pirate Chain ecosystem. In Austrian Economics, the value of a currency is intrinsically linked to its soundness, which depends on factors such as utility, scarcity, and confidence. ARRR exemplifies these qualities through its robust network effects, which amplify its usability and attract new participants to the ecosystem. Every transaction, new user, and integration reinforces ARRR’s credibility as a medium of exchange and store of value. Confidence in ARRR as an asset increases as its adoption grows, encouraging a self-reinforcing cycle of demand, usability, and stability. This foundational approach aligns with the principle that the strength of money lies in its intrinsic qualities and the trust of its holders.
Circulating Supply and vARRR: The introduction of vARRR, backed 1:1 by ARRR, adds a compelling dynamic to Pirate Chain’s economics by reducing the circulating supply of ARRR. For every vARRR minted requires ARRR to be locked, creating a deflationary pressure that enhances scarcity and supports value preservation over time. This mechanism limits supply, creating stability and long-term sustainability. By decreasing circulating supply while maintaining accessibility through vARRR, Pirate Chain achieves a balance that benefits both users and investors. As of today 10M ARRR has been locked to back the issuance of 10M vARRR, decreasing ARRR’s circulating supply by 5%.
vARRR’s introduction is more than a technological advancement; it’s an economic evolution for Pirate Chain. By locking ARRR to create vARRR, the circulating supply of ARRR decreases, reinforcing its scarcity and value preservation. Meanwhile, vARRR expands the utility of the ecosystem, enabling greater participation and use cases. Together, these innovations embody the principles of Austrian Economics, prioritizing sound money, scarcity, and sustainable growth. Pirate Chain continues to lead the way in demonstrating how privacy-focused cryptocurrencies can thrive within the modern economics.
Events
MoneroTopia 2024
We are proud to have represented Pirate Chain at the MoneroTopia conference November 14–17 in Mexico City. Pirate Chain had a booth at MoneroTopia where we chatted with people and gave out Pirate Chain insulated mugs. We also met and networked with people from several other privacy projects, including Trocador, Cake Wallet, Wownero, Zano, and of course Monero. When people aren’t so tribal, such as Monero-maxis or Pirate Chain-maxis, we found that people were more friendly and open to Pirate Chain or more interested in learning about Pirate Chain. There were also presentations giving the latest of what is going on in the privacy space.
Upcoming Events
Anarchapulco 2025 - Acapulco, Guerrero, Mexico.
There will be Pirate Chain representation at the 11th annual Anarchapulco 2025 event the week of February 17–21. Join us in sunny Acapulco, Mexico for informative talks, parties, and connections if you can!
Social Media
Monthly Project Update November 2024
In this update, DaJohns shares with us happenings at MoneroTopia in Mexico City and the great work the team did representing Pirate Chain at the event. Anarchapulco is another upcoming event in February of next year. Details can be found on Anarchapulco . Merchants can join ARRRmada, and anonymous Christmas shopping can be done using ARRR on platforms such as Monezon. DaJohns makes an important statement about Pirate Chain’s boldness as a community in the crypto arena in this video. Some 2025 plans are discussed along with progress on the Orchard update.
Pirate Chain — The Ultimate Z-coin
In a recent interview where Tucker Carlson interviewed Roger Ver, the author of the book Hijacking Bitcoin, Ver says that he would be proud to promote Z coins because those are the ones that provide more individual control to people and more privacy and more economic freedom to people over the world. Pirate Chain is the ultimate Z coin, with its use of zero-knowledge proof technology with zk-SNARKs where sender and receiver addresses as well as the transaction amount are all shielded and private. Watch the clip on the Pirate Chain X feed for the ultimate z-coin.
Crypto Rich Interview with a Fellow Pirate
Join Crypto Rich and DaJohns in a chat where they go deep into the basics of how ARRR is the most private coin in the market. They shed light on how Pirate Chain was the first blockchain to use zk-SNARKs by default on every single transaction on the chain, making ARRR an anonymous, untainted, fungible, and untraceable decentralized coin. CBDCs and possible scenarios around them are also discussed. Development updates such as the Orchard implementation, marketing vision for 2025, and vARRR basics and use in the Verus ecosystem are also explained.
Pirate Chain Tweet Selections
Pirate Chain Discord Security Advice
Crypto scammers frequently target Discord users through social engineering, fake support staff, and malicious links. They often pose as admins or project team members to steal your assets. This guide will help you identify and avoid common scams to keep your crypto safe.
ESSENTIAL SECURITY SETTINGS
- Disable DMs from server members
- Only allow friend requests from mutual friends
FAKE SUPPORT/ADMIN IMPERSONATION
- Real admins/mods will never DM you first
- Verify admin roles in the server member list
- Real support only helps through official channels
- Report impersonators to server moderators
MALICIOUS LINKS & DOWNLOADS
- Never click links from DMs or announcements without verification
- Don’t download files, especially .exe or .zip
- Avoid connecting wallets to unknown sites
- Verify announcements in official channels
SOCIAL ENGINEERING RED FLAGS
- No legitimate admin will ever ask for:
- Your seed phrase
- Private keys
- Screen sharing
- Remote access
- Urgent wallet “verification”
BE SUSPICIOUS OF:
- Time pressure (“Act now!”)
- Too-good-to-be-true offers
- Unsolicited investment advice
- Claims of blocked accounts needing verification
EMERGENCY STEPS IF COMPROMISED
- Disconnect affected wallets immediately
- Change all passwords
- Remove suspicious authorized apps
- Report to server moderators
- Document everything
BEST PRACTICES
- Use hardware wallets when possible
- Keep majority of funds in cold storage
- Never share screen with anyone
- Verify all information through multiple official sources
- If unsure, assume it’s a scam
- Remember: legitimate projects never rush you
IMPORTANT
- If something seems too good to be true, it probably is. Legitimate crypto projects will never pressure you to make immediate decisions or share sensitive information.
Support ARRR Merchants
The holiday season is traditionally upon us following Pirate Black Friday. Please help support ARRR merchants on ARRRmada.com and encourage usage and adoption of Pirate Chain as a private peer-to-peer electronic cash system. ARRR’s focus is on privacy and where buyer and seller transactions are private and anonymous. Merchants on ARRRmada include shops for artwork, books, clothing and accessories, and much more. Look on ARRRmada.com for some holiday gift ideas where you can pay with ARRR. Also keep an eye out for our next X space where we will highlight some ARRRmada merchants. Follow our X account at x.com/piratechain.
A new year — A New Look for Pirate Chain
The Pirate Chain team is working on branding improvements in the new year. We have a new logo with the Pirate Chain P in gold with piratechain.com on the curve of the coin on the side. Improvements to the Pirate Chain Discord is also under construction. Stay tuned for additional Pirate Chain branding efforts in the new year. Pirate Chain logos and marketing assets are available on piratechain.com/canvas.
Contribute to Pirate Chain
Are you interested in helping to contribute to the Pirate Chain efforts? We have tasks where we would appreciate your help volunteering your talents in the new year. If you’re interested in helping out Pirate Chain, please reach out to one of the First Mates to see if any of your skills would be a good fit with some of the projects going on. For events and marketing, please reach out to DaJohns or AmyV on the Pirate Chain Discord. For other areas, please reach out to the First Mate responsible to see if there is an area where we could use your help. Thanks!
Final Words
We are proud to be part of a community that recognizes the value Pirate Chain with no attachments to institutional money. We recognize Pirate Chain is ours and feel honored to always be growing and meeting individuals that come on board with their skills, knowledge, and time to make this movement even stronger. Join us in building an alternative to fiat money, and with that, a future for the people, with the people, and by the people.
Article Credits
☑️ AnARRRkey ☑️ AmyV ☑️ QuirkyRobots ☑️ Øswald