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The 2 pound Lobster that CHANGED MY WORLD with SMARTCASH

in smartcash •  7 months ago

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So there I was, minding my own business @doc-gonzo, happily going about my life with my preconceived crypto-blinders on thinking I had a firm grasp on things. Then, suddenly, out of nowhere, @broncnutz enters my life with a 2 pound lobster on his dinner plate and a pocket full of a cryptocoin I had never even heard of - SmartCash.

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In his video, he explains how you can buy Amazon, iTunes, Google Play, PlayStation, Uber, Netflix (and many more) gift cards and pay with Bitcoin, Litecoin or over 50 other cryptocurrencies at https://sheldon.store/ . He went ahead and bought a RedLobster giftcard, drives to the restaurant and orders a 2 pound lobster dinner which he used the giftcard to pay for (it was accepted), all while explaining to the viewers and his waitress that the giftcard was paid for by coin he had bought back when prices were $0.05 per coin. It cost him only $5 for that $50 RedLobster giftcard. Impressive.

Now I have a new coin on my radar to look into. And what I found at https://smartcash.cc/ was that the SmartCash coin was an attempt to "create a viable, fungible, fast, merchant oriented, user friendly and community driven cryptocurrency with a decentralized governance system." The people's coin, if you will. Mined by the people, built and operated by the people by way of "SmartVoting" and used by the people by way of "InstantPay."

According to their site, "InstantPay is going to be a key feature that allows instant point-of-sale in-store and online purchases. People should be able to use cryptocurrency as means to pay for their daily needs. InstantPay makes that a reality and allows for transactions to happen instantly, even faster than using your Visa or Mastercard.

No matter if you want to buy a coffee at your favorite coffee shop, fill up your tank at the nearest gas station, buy a bus ticket or pay for a video download, InstantPay makes that a reality. This is currently not possible with Bitcoin due to its technological limitations and network constraints, which result in transaction delays and high fees.

Expected to launch 2018."


What I was most impressed with was the numerous ways to make money with SmartCash. Some of these might be obvious while others are unique to this coin. Let's go through them.


First off, we have SmartRewards -

"SmartRewards are a price stabilization mechanism and a way to encourage long term holding. Long term holders are key to the project’s success since the SmartHive treasury needs SmartCash to appreciate in value in order to fund meaningful 3rd party proposals and help grow SmartCash into a successful global crypto-currency. Each wallet address holding at least 1000 SmartCash will get paid each 30 days on average after the 25th snapshot date. The SmartRewards will come out of the 15% block reward allocation.

Here is a small example: if you buy SmartCash on the 24th, you’ll have to wait until the next month to get paid, which is around 30 days, however if you buy on the 26th, after the snapshot date, you’ll have to wait around 60 days to get paid.

These payments will occur on the 25th of each month.

All users need to move funds into addresses larger than 1000 SMART before the 25th to be counted."

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Then, of course, there's Mining -

SmartCash currently offers 3 official pools on their site, a USA pool, a Europe pool and an ASIA pool. All pools operate with 0% pool fees and have very low difficulty at the moment. Payout is done automatically which you can preset to pay you when you accumulate 10-1000 coins.


Next we have SmartNodes -

"SmartNodes are servers that run a SmartCash wallet and make decisions, such as locking transactions with InstantPay. SmartNodes are required to have 10,000 SMART collateral, a dedicated VPS (IPv4 address, 1GB RAM, 20GB drive) and be able to run 24 hours a day without a more than an hour of connection loss. SmartNodes get paid 10% of the block reward on every block, which is distributed to SmartNodes one at a time.

SmartNodes enable the following services:

InstantPay (instant transactions). In contrast, Bitcoin takes about 10 minutes to confirm a payment"


And finally, SmartCash pays you to advertise for them -

This little gem is not explained on their website anywhere, but I did manage to find confirmation in their forum.
https://forum.smartcash.cc/t/finished-introducing-the-incentivized-ambassador-program-got-skills-help-us-grow-get-paid/155

It breaks down like this. The Incentivized Ambassador Program is meant to be a mechanism to help reward the folks who put in hard work creating content on SmartCoins behalf. You create a post with SmartCash related content then you submit a form to the SmartHive (presumably) where they will "manually review content submissions and will pay our addresses within the content/posts/videos with tips. If you have a larger following, we will pay you more, if you put in a large amount of work, we will pay you more. And so on and so forth."

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What are the requirements?

  1. Content MUST link back to https://smartcash.cc/ and be clickable, even YouTube videos can do this.
  2. Content MUST contain a SmartCash address at the bottom for payment.
  3. Content MUST be submitted to us using this form.
  4. Your content MUST be longer than 100 words and/or longer than 30 seconds for video or audio.
  5. SmartCash reserves the right to not reward tokens to content they deem poor, stolen or overall bad.

To my knowledge, they are currently paying out 10 coins per post for up to 4 post's a week.


As a whole, I'm pretty impressed with this coin, how it's all structured and where they are trying to take it. The community around the coin, within their forums at https://forum.smartcash.cc and in their Discord channel at https://discord.gg/4Qb4J53 are phenomenal. Very active and super helpful.

Price is low, at the moment, much like the rest of the market, hovering around $0.30 but had a spike of just under $3.50 in early January, right after the SmartNode launch and just before the market correction. I feel like it could easily 10x again once the market swings back around. If there was ever a time to get on board, that time would be now.

If you enjoyed this SmartCash introduction and would like to tip a fellow contributor, please send to this address:

SVcJCaikf116oiDp5AB21ggMNuPBZUECsw

If you interested in pointing some of your video cards to SmartCash Pools, I plan to make both an AMD and an Nvidea mining guide, so be sure to follow me @doc-gonzo and Upvote this post.

If you are interested in a break from all things crypto and want to read a classic book from a Legendary author, be sure to follow me @doc-gonzo and check out the first two chapters of Fear and Loathing in Las Vegas by Hunter S. Thompson.

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Chapter 1
https://steemit.com/writing/@doc-gonzo/fear-and-loathing-in-las-vegas-chapter-1-by-hunter-s-thompson

Chapter 2
https://steemit.com/writing/@doc-gonzo/fear-and-loathing-in-las-vegas-chapter-2-by-hunter-s-thompson

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lobsters and smartcash plain awesome. Maybe one day we can buy some 2lb lobsters with smartcash ;) Thanks!

Awesome article brother!! Good work. Smart Cash is one of the best coins I have ever seen just because of the way it's all set up. Voting power in the future will be the leader in Crypto Coin blockchains and if SMART ever really gets legs is can go x50 from here easy. I nominate this article for Smartcash Post of the week and some free Smart for you. I'm sorry, I don't resteem other people's stuff, no offense, I just don't. I like my blog just to be articles and videos that are my work. This will be re steemd by smartcash and a few others I suspect though. What I will do for ya is give you a nice vote and some free smartcash........be on the lookout in three weeks for my multiple 1,000 vice token giveaways.

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Σ$$$ Tipped @doc-gonzo Σ5 SMART! Comment @smartbot help to claim. Currently the price of SmartCash in the market is $0.312 USD per SMART. Current value of the tip is $1.56 USD. To find out more about SmartCash, please visit https://smartcash.cc.

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@smartbot withdraw 5 SVcJCaikf116oiDp5AB21ggMNuPBZUECsw

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@doc-gonzo: Σ4.99 SMART has been withdrawn from your account to SVcJCaikf116oiDp5AB21ggMNuPBZUECsw. You have been charged Σ0.01 SMART withdrawal fee. Transaction 512d019326ba308d463e1a8c98e8f3f4ea078c0ead0610e297e9c7c746e34ba8 is now completed. To monitor the transaction status click HERE.

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Up is the only direction I see SmartCash going, it's only a matter of time. I get the no resteem rule, no offense taken. Thanks for the support. Hopefully it gets noticed by smartcash. 50x would be outstanding! That would buy a hell of a lot of lobster! Thanks again.

Great first article man!! That lobster video from @broncnutz was super cool though haha!! And he was the one who introduced me to smartcash too!! Welcome to the team :D

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This post has received a 0.42 % upvote from @morwhale thanks to: @doc-gonzo.

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Σ$$$ Tipped @doc-gonzo Σ10 SMART! Comment @smartbot help to claim. Currently the price of SmartCash in the market is $0.241 USD per SMART. Current value of the tip is $2.41 USD. To find out more about SmartCash, please visit https://smartcash.cc.

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@smartbot withdraw 10 SXj6LWGxa9VLUbkFCajWV6jynaBeTLzrbK

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@doc-gonzo: Σ9.99 SMART has been withdrawn from your account to SXj6LWGxa9VLUbkFCajWV6jynaBeTLzrbK. You have been charged Σ0.01 SMART withdrawal fee. Transaction b80e38c29cc9ee227650a60ff055a1f836f5dcf8116f7633659bc12bcabf66e7 is now completed. To monitor the transaction status click HERE.

Awesome post bro! Lobsters for all ! Glad to learn more about SmartCash sounds like they're making good headway in the crypto space