After a year of trying I have finally got someone to purchase some cypto!!

For almost a year I have been trying to get my best friend Matt to get involved, learn about, and purchase some cryptos.

Matt and I have been the best of friends since we met sophomore year of college. We were both entrepreneurship and finance double majors and took many classes together challenging each other.

In a little over two months I will be a groomsmen in Matt's wedding! For the wedding, Matt got a great deal on the tuxedo and instead of renting it, we bought them. Well Matt bought them and we were paying him back. Naturally, I was the last one to pay him back.

Instead of sending him a check or venmo-ing him some money, I thought this would be the perfect opportunity to get Matt into the cryptosphere.

There wasn't much convincing that needed to be done with Matt as he was on board immediately for us! It was a win-win for both us!

Matt would get some cryptocurrencies and I would get him introduced to them.

Once he agreed to this, the next thing I needed to decide on was what cryptocurrency would I choose and why. There really wasn't much thinking at all that I needed to do about which crypto Matt would be getting.

To me the answer was a no-brainer as there has been one cryptocurrency that has stood out in my mind.

SmartCash ($Smart)

SmartCash is based on the Zerocoin protocol, similar to Zcoin and PIVX, which provides additional anonymity. My favorite part about SmartCash is how they have structured the payouts for mining the coin. Unlike bitcoin which rewards the miners with 100% of the payouts, SmartCash gives 70% to the Hive Teams for community outreach/projects and 30% to the miners, SmartRewards, and Smartnodes.

The Smartnodes (masternodes) and SmartRewards are what have me so interested in this project.

SmartRewards are basically a reward for those who hold the coin long term and help to promote price stability. If you hold over 1000 coins in your wallet you are eligible for the SmartReward as long as you don't spend any SmartCash from that address. For more information on SmartRewards and to calculate your reward for the current month visit their site.

Smartnodes are basically a computer that run a wallet and make decisions related to transactions! In order to have a Smartnode you need 10,000 coins, which at current prices is about $7,000. For running a smartnode you are paid 10% of the block reward.

As you can tell I am a SmartCash nerd, but let's get to the fun stuff! Purchasing the Smart so Matt can get paid and it is verified on the blockchain (thanks Steem!)

This was not the easiest process since SmartCash is not on the main exchange I use. Since the transaction fees of Bitcoin are insanely high at the First I needed to purchase some Dogecoin. I set a buy order and it got filled a few hours later.

Now I have the Doge in my Bittrex Wallet and it is time to send it Stocks.exchange to purchase the $Smart

Withdrawal from Bittrex was confirmed and they took a small fee! 2 Doge - Not too bad!

After a few minutes the transaction was confirmed on the blockchain and the deposit is now available on the exchange.

In order to purchase the Smart I had to convert the doge to BTC as Stocks.exchange does not have a Smart/Doge trading pair.

My sell order for Doge was successful and now I have BTC in my wallet so I can purchase the $Smart

I set a buy order for the SmartCash and after 30 minutes or so it was it!! SUCCESS!!

After calling him and telling him about this, he said he wants to get up to 1,000 so he is eligible for the SmartRewards!! It looks like he has been converted to the good side!!