Linda Coin has been trending recently, bucking the bearish trend in cryptocurrencies. The community has been on fire and one of the most active on Crypto Twitter over the last couple months, which lead me to recently ask the Linda Coin team: “What’s going on over there?”
Check out my 20 question interview with Linda Coin CEO Jonah Glasgow!
1.Explain Linda Coin to me like I’m new to cryptocurrencies.
“Linda Coin’s belief is to provide a highly competitive reward structure to compensate early investors of Lindacoin. It takes advantage of Proof-Of-Stake (PoS) and Proof-Of-Work (PoW), giving it the best of both worlds. It has more than 70% PoS block rewards and 99% APR.
“Linda’s PoS algorithm allows Linda to manage supply and demand automatically and to establish an equilibrium that rewards Linda investors with more coins without hyperinflation.”
“Linda Coin also utilizes a ‘Masternode’ which ensures lightning fast secured transactions, multi-wallets, encrypted messaging, and stealth address for complete anonymity. Masternodes enable instant transactions in a fraction of a second, thereby making those transactions suitable for everyday use. Furthermore, they allow Lindacoin to have a privacy option. This allows transactions to be completely anonymous, a broadly desired feature of cryptocurrencies.”
2.What are some common misconceptions about Linda Coin that should be cleared up?
“I think our biggest misconceptions is how easy our wallet is to use, our team has provided multiple outlets where we help users set up masternodes and other potential scenarios that occur such as syncing with our blockchain. Bootstrap files are provided to ensure the syncing process is fully updated in a matter of thirty minutes. Another misconception people sometimes have is that we are the original development team which is not the case.”
“Our team took over from existing founders only six month ago, and since then have made many changes and updates to previously existing code.”
“Our upcoming mobile app will be thus another addition of development that will be implemented within this short time. The mobile app/ web wallet will include a exciting new look, one click auto bootstrapping and most importantly one click masternodes.”
3.Tell me more about where Linda Coin comes from… is it a fork from, or clone of, another project, and if so, which and why?
“Linda coin started out as a small project by a group of developers brought together by one Portuguese gentleman. He created Linda with a vision of a fair and decentralized currency that his home country could adopt. Originally Linda was a fork of 8-Bit coin, which had a mismatch of great features that the original creator was looking for. Unfortunately, due to time and money problems the project was abandoned shortly after launch. It was a few months later that our CEO Jonah Glasgow approached the creator of Linda coin about taking over development. At first the team was brought on as a subsidiary of the original creator. But when scaling became necessary the original owner did not want to continue to scale the coin as needed. There was a disagreement about fundamental business practices and in the end the community spoke out about what team they believed would run Linda efficiently and to success, and that was our team. Since then Linda coin has grown exponentially, adding new employees to our team, along with furthering our development and narrowing our focus to solve one distinct problem within the crypto-sphere at a time.”
“Switching away from the standard model of being a payment coin, we have fought hard to give Linda a real, viable and sound vision that could support growth for many years to come.”
4.From the looks of it, Linda Coin went through a hard time around the beginning of the year, but has more recently been firing on all cylinders… what’s up with Linda Coin and what has changed?
“Yes, like many projects in the beginning we had major obstacles to overcome. December 2017 was the initial conception of the team, this was followed with us getting to know more about each other and the core values we believed in not only for Linda but cryptocurrency as a whole. This lead to a clear direction of which we intend to apply development and technology to help solve current gaps in existing technology.”
“LindaV2 Dropping the price for masternodes has been a long-heated discussion, but we have come to the conclusion that dropping the price significantly will have nothing but good effects for the blockchain. Transactions will happen faster, and confirmations will also happen faster. This will also open the opportunity for people to join the market from many financial statures and become contributors of a node in the blockchain. LindaV2 will be dropping the coin total supply without affecting users Linda coin levels by implementing a sophisticated Coin Emissions system set in place. This will allow us to place emissions on 2% of every PoS reward, and 3% for every PoW reward. This will allow us to slow down the production of coins heavily, without any direct effect on people’s personal coin supplies. The new masternode pricing, PoW and PoS reward emissions coupled with increase of transaction fees will have a significant effect on coin production, and provide a long-life solution to inflation.”
The specs outlined in Linda V2 are as follows:
- 2 Million MasterNode activations
- 30 Billion Supply Cap
- 2% PoS emissions
- 3% PoW emissions
- 10% increase in default transaction fee
- 10% increase in default transaction speed
- Masternode 99% reward phase, Staking 70% reward phase (Per block)
- Block time 64 seconds
“Our mobile app will not only include PoS solutions for all users as listed above but also facilitate a global solution through exclusive partnerships with multiple currencies. To summarize, all of the mobile app/ web wallet partnerships currently do not have the time or plans to develop a mobile app, this leave Linda in a unique position in terms of our current development and how we approach the gaps that currently exist within the crypto-sphere. Linda Coin is extremely excited as our mobile app combines all of our new partners market cap, bringing the total over 1,000,000,000$. This alone makes us one of the largest mobile app providers within the blockchain industry.”
“Linda X ( New Chain Coming Soon ) is a decentralized platform used for creating and trading custom digital assets and currencies. Our platform enables multi-layer networks built to improve the decentralization of distributed ledgers and users associated. The developer software is integrated within our main chain creating dynamic token creation platform offering a variety of DAPPS based on token utility. Linda X token platform is comprised of a set of tools and commands that helps people put all necessary aspects of regulations and blockchain technology together efficiently. Linda X creates the infrastructure for companies to issue their securities on the blockchain in an easy-to-use application. The platform will allow developers to utilize the Linda X network launching their own tokens, while supporting (Linda) main blockchain.”
“A good reference to an existing token platform is Ethereum ERC20 platform which has seen a lot of success. Their tokens have not only thrived, but are used by some of the top cryptocurrencies. One of the major distinctions with Linda X is the developer support system. Linda will provide support to all developers that use the Linda X platform. Linda will help with development, marketing, and the launch of their token on Linda X. This will make Linda X a more attractive and a more accessible place to host their token.”
“Linda Coin is without a question firing on all cylinders…”
5.Tell me about the Linda Coin cryptography. I see it’s hybrid PoW/PoS? Is it staying that way forever, or is PoW eventually going to be phased out? What’s the base of the Linda Coin privacy tech – is it a zerocoin implementation? How is Linda Coin improving and innovating privacy technology?
“Linda coin for the foreseeable future will be staying both PoW and PoS!”
“The base of our privacy tech is the CoinJoin-based mixing methods (Much Like Dash) that are widely used and well tested!”
“We don’t yet have any zerocoin implementation, but that’s not to say we won’t ever upgrade our privacy tech! Privacy has always been an option we provide to our users, but not the main focus of our blockchain innovation, and as such there is still plenty of room and plans for improvement!”
6.How is Linda Coin positioning itself in the fight for privacy rights? Is there a focus on privacy in general, privacy in financial transactions, privacy as an option, privacy by design, privacy first?
“We believe in privacy as an option, by allowing private transactions or standard transactions we are able to cover more needs of our investors. Most of our transactions are currently not private transactions but the tech is there and in use for anyone who wants to use it.”
7.What sorts of demographics best fit the Linda Coin philosophy, mission, and vision? Who is your target audience?
“Our target audience is new and medium-term cryptocurrency investors that do their research prior to purchasing. They aren’t quick to purchase, but the time we spend with them prior to purchase allows us to have a committed community member that will hold through the regular market cycles.”
“While our current investor profile is skewed towards males, we see an untapped market of female investors as a great market segment for us to develop towards. From our discussions with fortune 500 companies, the results are an understanding of the needs of companies to create their own coins for uses like sales, marketing and loyalty.”
“We believe all major companies will be using blockchain as we hope to be a big part of this movement. Geolocation tools are a major asset when interacting with frequent customers, blockchain integration becomes vital in the manner of which companies give reward points or potential discounts. The the initial revenue loss that occurs with discounted items or services can be drastically cut based off a (Free market principles) meaning the user could sell this points, token or coins on a decentralized market if not used for a set price (based on market conditions) to another user who potentially did, thus having no effect to the cost of associated goods or products.”
8.What’s your view on the privacy coin market right now? It seems a crowded market, with lots of coins not really innovating. Thoughts? Who is Linda Coin’s biggest competition? Who is Linda Coin’s biggest ally? How is Linda Coin seeking adoption?
“The inalienable human right to privacy has been a subject of debate. Privacy uses the theory of natural rights, and generally responds to new information and communication technologies. We strongly believe everyone has the right to decide how much information they would like or not like to share based on conditions. These core principles overall have been deemed suspicious to prying eyes. The base of our privacy tech is the CoinJoin-based mixing. When current projects are finished will be able to help contribute further to innovations within the privacy sector and Linda Coin holders.”
“We believe wholeheartedly that if we keep producing industry leading developments we will stay at the forefront of investors’ minds.”
9.What does the privacy coin market look like in 5 years? Are there still many options, or do you see consolidation? How will regulation impact privacy coins in general and Linda Coin specifically?
“It’s a little hard predicting the future with crypto because it moves so fast, but I can say that we have seen many privacy coins come and many go, but the influx of such coins doesn’t seem to slow down. This points to a fundamental need within the crypto-sphere for not only privacy based coins, but the integration of privacy features into coins where privacy is not the #1 focus. It is our belief that you will not only see more options in the future, but you will see most if not all coins offer a form of private ledger or privatized transactions. It is no longer a taboo or niche feature — and should be something that is not only a necessary evil but something that all crypto’s should offer their community.”
“The ability to create a private transaction is a right.”
“I don’t see regulation harming most chains that have private options as the entire idea of the decentralized currency is that there is no way to truly stop them. If all crypto’s offered in their own way a form of private transactions, there would be absolutely no way to effectively regulate or stop these transactions from occurring.”
10.Sometimes cryptocurrencies lack focus in allocation of capital. In terms of a fiduciary duty to protecting investor capital, where is Linda Coin’s focus? What financial hierarchy structure has Linda Coin implemented in preparation for future growth?
“To be honest we haven’t had any down time at all. We have spent every available minute planning and coding to make sure we are poised for the next market upturn. This is how we are able to release multiple new strategies in quick succession. All our team conversations revolve around how we can add value to our community’s investment.”
“We have always valued our investor capital, its a duty we take seriously.”
11.How is Linda Coin focused on fair distribution, decentralized coin supply, and good governance? Specifically… what sorts of actions are being taken and plans being made?
“Linda’s team effectively applied the ideology that decentralized governance should be within the token creation setting further contributing to the governance placed within. Linda takes a Right-wing approach on what we personally feel ETH could be, hence the creation of (Linda X). Decentralized governance has key values when we look at what currently works within Blockchain. Some examples such as Binance or Coinbase have structured a dedicate legal teams and administrators that review each coin prior to listing. The economic security provided ( the ability to send and or trade transactions at any given time) further helps the globalized manner of which one user accepts a token within seconds.”
“Linda X conceptualized the idea that we should scale the selection of the Tokens deemed acceptable before entering the token creation process within (Linda X), we can apply a validation process ensuring companies have the dedicated resources paired with established prior revenue, if this global paradigm shift was established we can see a slight change in position, direction, or tendency in consensus by the way we approach decentralized currencies. In theory some form of governance exists even in this structure, look at exchanges they decide which coin to list ensuring the best reach the market providing a scalable structured highway for digital assets.”
“By using the criteria set by exchanges, Linda X can go further. We apply our dedicated legal team and panel of administrators to review each token application. details of each company publicly before any ICO occurs. Company revenue must already be established thus utility can be applied to each token. Depending on scope of the token or project, Linda X applications prior to approval could potentially enter Linda’s voting poll. (Much Like Exchanges Currently Have) This helps facilitate the idea of a decentralized currency conforming to internal governance set by the token holders (The Community).”
“Projects that are approved as Linda X developers effectively uphold the ideology behind a decentralized governance creating a more secure environment for the initial coin holder. Full consultations regarding coin build can be requested alongside whitepaper development if needed. Linda X ensures all approved tokens will also gain a guaranteed listing with Linda’s partner (CurrentX Exchange) removing the speculation associated with other token platforms. All tokens must enter Linda’s partner exchange (CurrenX) by the given date submitted on the initial application. Failure to fulfill token completion could lead to the delisting of your company and token or requested community override.”
“Encrypted signature keys will be used to ensure no access is given to the development platform until accepted and approved by our legal administration. The software is private and not available to the public reducing the risk assessment with underlying companies before the listing process.”
12.What % of Linda Coin is owned by the top 10% of wallets? Top 25% of wallets? How many masternodes are there? What’s the month-to-month growth of masternodes this year? What about in the last 30 days… % growth? Is it growing or declining, and why do you think this is so?
“Our top 25 wallets hold 36.92% of the coins while a coin like verge (XVG) that has 58.22% of coins in their top 25 wallets. We are already much more decentralised than our competitors ensuring the true ideology define by decentralization.”
“Lindacoin successfully reduced the collateral for masternodes from 30 million coins to 2 million coins on 31st March 2018. Since then our masternode network has grown from 25 masternodes to 782 today.”
“These extra masternodes serves to stabilize the network while providing anonymous transactions at a speed that is close to instantaneous. Our concept of reducing the collateral was to make Linda Coin investable by the masses, and we have succeeded with this strategy.”
13.Masternodes can serve a variety of functions. What’s the function of the Linda Coin masternode? What functions do you see Linda Coin masternodes having in the future? Is the masternode important for Linda Coin infrastructure and/or scaling? How? Linda Coin seems to have a unique way of paying big on staking and masternodes, while at the same time not saturating the market with coins… how is this so?
“Linda’s masternode serves a variety of functions, from the infrastructure side where they help maintain the network, to the investor side where they allow investors to see return and by locking in their coins for reward, effectively our market cap is much lower than reported. With 780 masternodes, that is approximately 1.5B coins off the market and being used to stabilize our network. We encourage investors to run masternodes which takes their two million coins out of circulation (effectively) and reduces the likelihood of sales.”
“We believe we have found the sweet spot between rewards and inflation and have proven that rewards don’t have to come at a major cost to investors.”
14.Developers are key to every cryptocurrency project, and i see many underpaid for their efforts. Is the Linda Coin dev team growing? Are the devs compensated at industry standard levels, or better?
“Our Developers are paid at much better than industry standard. It’s been a key belief of ours since we joined the team that our developers would be the key differentiating factor from all other cryptocurrencies. This has lead us to be able to have some of the best developers in the industry which has lead to innovative developments eg Mobile maternods, web wallet and LindaX listing platform etc.”
15.How is Linda Coin realizing and/or furthering Satoshi Nakamoto’s work and vision?
“What a legacy to be entrusted with. While nobody may make the same stride ahead that Nakamoto has, we will always value the legacy left. At a core level, we are not about personal interests, we appreciate and honor the technology but also have the features we think Satoshi Nakamoto would appreciate (with all due respect and assuming what he would like) faster transactions, privacy etc.”
“The manner of which we apply our development is the core fundamental beliefs structure adopted form Satoshi Nakamoto. PoW like everything else has its negatives, I truly believe PoS brings a new scalability to networks allowing users to be rewarded inside the chain vs external sources. In a more educated economy the electricity grid is becoming more and more expensive thus leaving ROI incentives for participants extremely volatile, this is before we even consider the fluctuating cost based on environment thus again making the participation to facilitate transactions inconsistent with rewards given across the world.”
16.What makes Linda Coin special and different? Why and how? What’s the differentiator that makes Linda Coin a leader long-term? What does Linda Coin look like in 5 years?
“Our main difference is our teams determination. We’ve already touched on the Dev side of our project, but our core team and advisors are hand selected to think outside the norms of crypto and challenge conventions. Its lead us to come up with innovative solutions that make buying a cryptocurrency much easier for entry level investors.”
17.Complete this sentence: Linda Coin is the future of ________. Explain why and how.
“Customized coin development. We will be at the forefront of helping major corporations integrate blockchain in a variety of methods. We will assist with the development and implementation of these coins for all manner or uses. Our mobile application combines all partnered market caps bringing the total over 1,000,000,000$. This alone will make us one of the largest mobile app providers within the blockchain industry.”
18.Beyond being a currency, once Linda Coin realizes it’s current vision, what will the use-cases be? What industries do you expect Linda Coin to most disrupt?
“Lindacoin will most likely disrupt ETH’s initial token integrity within current ICO’s. Linda Coin joins forces with household names to develop company engineered coins and or token depending on scope, this alone is Linda core belief we should apply a new manner of decentralized governance within Linda X. The initial coin holder must have the ability to retain some form of governance. When (X) the applicant is accepted another development, fee will be paid in (Y) Linda further allowing partner companies to secure the projects listing. Application secures the token listing on currency before the development process even has begun, thus again supporting Linda i.e. the parent chain and the initial coin holder. The exclusivity of (X)Linda X being purchased solely through (Y) Linda continues cross chain collaboration until our child chain has grown. Growth period allows Linda X holders to eventually know more exchange pairs will be accepted at a set block date allowing the growth of Linda’s child chain integrity.”
19.Why invest in Linda Coin?
“Linda Coin is still a very affordable purchase, and with value many times its current selling price you will see a continuity of development from us that is rare in the crypto industry. We are well positioned to become one a top 100 currency by the end of 2018, as mentioned before our upcoming mobile app will not only include PoS solutions for all users as listed above but also facilitate a global solution through exclusive partnerships with multiple currencies.”
“Our team is highly dedicated ensuring LINDA becomes a more recognized digital currency moving into next year.”
20.S.W.O.T analysis! What are Linda Coin’s: Strengths? Weaknesses? Opportunities? Threats?
“Our strengths are our team, developers and vision As discussed above we are well advanced in our mission to be the most successful coin of 2018. Our main weaknesses is our need to build up the team numbers as we grow and being able to scale, we are a 5 member team doing the work of 15 members (which has its benefits also). We will need to recruit and add to this team in the near future with quality candidates that share our drive and passion. The opportunities for us (in a sea of opportunity) are to continue to partner with market leaders and share technology that allows for win/win partnerships, thus allowing us to increase our brand awareness. Threats are keeping the team focused to deliver to our Investors and not deviating from our plan which has gotten us to where we are today.”
Thanks for reading! I hope you enjoyed.
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