Weekly Morale 9/24/2021: Ahoy Pirates! Hold tight to your treasure Uplifting updates for Pirate Chain ARRR cryptocurrency investors written by a fellow treasure-lover.Ikigai Emunah
2 days ago · 4 min read
Ahoy fellow Pirates!
Hold onto yer sails, for there is turbulence in these waters.Much of this turbulence is the result of those seeing commotion on land and then jumping ship.This creates waves that knock against the ships of those that remain and is felt all across the crypto space.
As we witness the economy and the world as we kno w it crumbling around us, it may be tempting to give into the fear.Do not.
The value of numerous cryptocurrency may drop, but that is not a reason to sell out because crypto offers us something fiat does not — control.By selling all of your coins in return for fiat, not only do you contribute to the devaluing of the coins, you are selling your freedom.
The value of fiat is determined by the government and the state of the economy.Fiat currency around the world is on unstable grounds.
Economies cannot keep up with the demand of sustained restrictions and excessive spending.At their whim, the government can close your bank accounts and seize your assets.Your money is never truly your own.
While the crypto market may be extremely volatile due to the actions of those who dump their treasure at the first sign of rough waters, it provides us with more than what fiat has to offer, especially now that more businesses are willing to accept cryptocurrency as a form of payment.
For instance, in recent news an in vitro diagnostics company, Todos Medical Ltd., now accepts cryptocurrency for the purchase of two of its proprietary 3CL protease inhibitor wellness products ( https://www.globenewswire.com/news-release/2021/09/19/2299396/0/en/Todos-Medical-Now-Accepting-Cryptocurrency-for-the-Purchase-of-Tollovid-and-Tollovid-Daily-through-Coinbase-Commerce.html ).The currently accepted cryptocurrency includes Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC).
Namecheap was one of the first major domain name registrars to accept Bitcoin as payment in 2013 through BitPay and has recently set up Bitcoin lighting as a new payment method ( https://www.namecheap.com/blog/integrating-bitcoin-payments/ ).
They are committed to promoting internet freedom, which cryptocurrency plays a significant part in.
This is only a couple of recent businesses.Several have already been mentioned in previous ARRRticles.
With cryptocurrency, you have control, and for crypto like ARRR in particular, you have the ultimate in privacy and security.
The unique position of the coin in the market means that there is no need to follow conventional markets and patterns.We make our own path.A Pirate’s life is a free life and that may mean going against the grain and not following others in their panicked state, but holding steady.
Turn instead to those who are strong amidst the fear and know that we have the power to make the difference we seek.I’ll say it again, Pirates, hold on to yer treasure.
Our treasure is worth holding on to.
Cryptocurrency has made substantial growth in the last few years.Africa’s cryptocurrency market has grown over 1200% by value in the last year, between July 2020 and June 2021, according to a report by Chainalysis, a blockchain data platform ( https://blog.chainalysis.com/reports/africas-grassroots-cryptocurrency-adoption ).P2P platforms are particularly popular in Africa, where main driving factors for the use of cryptocurrency include remittance payments, international commercial transactions, and savings.According to the report, “many African users are turning to crypto currency to preserve their savings amidst harsh economic conditions” ( https://blog.chainalysis.com/reports/africas-grassroots-cryptocurrency-adoption ).We should all be doing the same.
This is our opportunity to invest now and weather the storm.Fear may tell us to do what others are doing, but do not give in, just as the Pirate Chain team hasn’t given up.
The Pirate Chain team persists in polishing our treasure and opening up new opportunities for its use, as the wARRR (wrapped ARRR) is now on the Binance Smart Chain (BSC).
A total amount of 30 million wARRR have been created, with an initial amount of 10 million wARRR available at launch, and the other 20 million held in a multisig wallet reserved in case of demand.wARRR is live on the PanCakeSwap exchange for trading.
wARRR presents a unique opportunity in the DeFi market because it allows users to earn rewards through staking while providing a privacy exit option.Because wARRR is on a transparent chain, it is not private.However, ARRR’s native chain is private.This means that by converting your funds to wARRR and then converting them to ARRR, you can create privacy while still participating in the DeFi market.
To find out more about wARRR, please check out: https://pirate.black/warrr-faq/ and https://pirate.black/pirate-chain-declares-warrr-on-defi/ .
More exciting opportunities will await us if we stay strong and keep our eyes on the horizon.Us Pirates do not live for the lands we have left.We aim for a new, different, better future, and to reach that we must keep our focus and hold tight to our treasure.Don’t lose heart, Pirates, for we have weathered storms like these before and will do it again.Our treasure is worth the fight, and worth the wait.This is only part of the grand adventure for us freedom-seekers.
Fare thee well until next time!.
