GateLive AMA Recap-PIVX

Q1: Can you present PIVX to anyone unaware of the project?

Hans Koning (PIVX DAO Advisor):
PIVX is an open-source, decentralized peer-to-peer currency, featuring: advanced user data protection features; community governance mechanisms; Proof of Stake consensus; and multi-purpose Masternodes.
-Privacy is a fundamental human right
-Offers optional privacy ZKP
-Founded in 2015, released 29 January 2016 (initially called Darknet), forked from Dash (which forked from Bitcoin).
-Instant
-Secure
-Fast
-Low fees (cheap transactions)
-Sustainable economics: self funded, self-funding, lean

True DAO. No legal entity. Self funded. No Pre-mine or ICO. Fairly launched. Passes Howey test just like Bitcoin. Community driven.
-Its own blockchain = altcoin, not token
-Sapling – a zk-Snarks privacy protolol by Zcash

Q2: Why is privacy is power? Why is it hot topic in crypto?

Hans Koning (PIVX DAO Advisor):
-In one word self-sovereignty.
-Blockchain gave us privacy tools: DAO, SSI, ZKP
-PIVX has a strong focus on privacy: a basic fundamental human right
-Privacy = the final frontier of self determination
-Last barrier between freedom and control.

Q3: Can you please explain the utilities of the coin? Can you tell us more about the masternode and the staking?

Hans Koning (PIVX DAO Advisor):
Use case are:
-Means of transaction = payments
-Store of value
-Privacy
-Staking
-Masternode
-Voting
-DAO participation

-The Masternode network is integral to PIVX’s functionality.
-Contribute to network stability and coin supply
-Masternodes secure the network
-Validate blocks & transactions
-Vote on proposals

Q4: Can you explain the concept of a decentralized autonomous organization (DAO) and how it is implemented in the governance of the PIVX eco, and the role of the community?

Hans Koning (PIVX DAO Advisor):
-In general, DAO = org structure of the future
-Use potential of total community
-PIVX puts DAO and community driven governance front and centre
-Proposals = DAO
-Treasury = DAO
-We are learning what it is day by day We are all DAO
-Community is everything.
-Without a community, there can be no decentralization, there can be no project.
-So the community comes first, second and third all pivx is and does is community centered.
-CDG = community designed governance
-Everyone can stake/run mn.
-Everyone can submit a proposal.
-We are all Satoshi.
-We are all pivx.

With the increased Treasury, more becomes possible. Planning for that, the Road Map is being reworked and updated constantly.
Focus points: Liquidity; Adaptation; Network stability, security and improvement.