Article Image
IPFS News Link • Bitcoin

Getting Your First PirateChain (ARRR)

• Agorist.Market

Getting Your First PirateChain (ARRR)

Published 9 Jan 2021

Learn About ARRR

If you've not heard anything about ARRR, the website is Pirate.Black with some good info. There have also been three very good interviews with project Captain Draeth Kata:

Jack Spirko at The Survival Podcast interviewed him at
Episode-2767- Draeth Kata on Pirate Chain the Ultimate Privacy Crypto Currency
TheSurvivalPodcast.com/draeth-kata-on-arrr
and a followup at
Episode-2788- Draeth Kata of Pirate Chain Returns to TSPC
TheSurvivalPodcast.com/kata-returns-to-tspc

There is a long interview by Ernest Hancock in the third hour (actually a bit over two hours) at
bit.ly/2XmOxie

Wallet Setup

The mobile wallet, Skull Island, is probably the best to setup for ease and functionality. You'll find instructions and downloading at Pirate.Black/wallets/ . You should do this after you have a stable internet connection because it will likely take a few hours for the first synchronization with status shown in the upper left corner of the wallet screen. During the setup, be sure to write down and safely store your recovery phrase and password. To reduce risk, you can quickly pass by the seed phrase displayed during setup, then, while offline, you can access the wallet passphrase from the small menu icon in the upper left corner. A QR code scanner button is on the Wallet screen between the send and receive buttons which is essential for sending to the GhostShip hardware wallet (described below). There is no address book or saved wallet addresses previously sent to, so save them someplace handy and obscure to copy from. You can send a fully encrypted and private message to the receiver in the memo field. Note that any personal information in the memo which might connect you with your wallet could create a risk, if the blockchain is ever somehow compromised. Some ARRR wallets currently can't receive these messages.

Other wallets' information are shared below.

Exchanging Crypto For ARRR

To exchange for ARRR without KYC, one option is Polarity.Exchange which requires an intermediate exchange through Tether (USDT). You can get a better trade with more liquidity, if you don't mind an email address requirement and the Authy.com (not google) 2FA hassle of TradeOgre.com which is also non-KYC, plus is a direct exchange without going though USDT. Below you'll only find instructions for Polarity, but TradeOgre looks like it may be easier after the account setup. Either way, be sure to write down and safely store your password and seed phrase in case you need to recover the account. It's always best not to leave significant funds in an exchange of any type.

On Polarity, you'll be setting up a Local Account, not the other type. Once you're logged in, select Exchange from the main menu across the top and see what is actively trading. Some less popular coins don't trade much, if at all and spreads may be very wide. More popular coins like BTC, ETH and LTC trade with reasonable spreads, but you may have to wait hours for it to execute at a reasonable price.

Select Add Funds from the main menu, and then the crypto type you want to deposit. Copy or scan the 1-time wallet address for receiving the deposit. BTC will be the slowest and highest transaction fee, by far. Only deposit enough for the complete transaction you want for less risk.

When you login to Polarity, select the small Local Wallet button, under the Polarity Wallet, and you'll be taken to the page where you only enter your password.

After the transaction processes, select Wallet from the Polarity main menu. Then, select Portfolio. You should find your wallet with the funds listed there.

This exchange uses USDT (Tether) as an intermediate trade. So, you'll first SELL all your crypto for USDT, assuming you don't plan to leave anything on the exchange. Select Exchange in the main menu then the type of crypto you're selling in the list on the left side of the PC screen, or from the drop-down list on your mobile device. Select SELL in the trading box at the lower right of the PC screen, or at the bottom of the mobile screen. Enter your sale limit price, if different than the autofill amount based on the last sale. Select your wallet holding amount and it will autofill the full amount to be sold. Verify everything is okay and push the sell button below. Depending on volume and the direction the price is moving, the trading time will vary and may take hours. Sometimes, if the price is going higher, you may need to select Cancel for the transaction and adjust the limit price to get it to complete.

Next, on the Exchange page, you will select ARRR from the list. Then select BUY, instead of sell.  The process is now the same as when you bought your USDT. Verify ARRR is being bought.

After buying your ARRR, verify the trade in the Wallet page after next selecting Portfolio. On the right side of the listing for your ARRR holdings on the PC screen, select the three stacked dots and then Send (I don't yet know what this mobile screen looks like at this step). Here you will enter your ARRR receiving wallet address copied from the Skull Island mobile wallet, into the Recipient field. Enter the ARRR amount to send (there is a Max button available after selecting the box). There is a Polarity trading gateway fee of 4 ARRR, plus the transaction fee. In the last box, select whether you want the small transaction fee to be in ARRR or any remaining USDT. Select Continue and follow the prompts to make the transfer. You will see the status of your transfer on the landing page. It takes 8 confirmations to complete with blocks processed each minute.

Return to your Skull Island wallet and you'll find your shiny new ARRR :-)

Other Wallets

PirateChain has recently added some strong talent to improve all of its wallets. This is a high priority for the development team and much progress is expected soon.

The best full node ARRR wallet to put on a PC is Pirate Ocean which has a new version just released. The new install is ridiculously easy. On Linux, the first time you execute the program (./pirate-qt-linux) from your save location, it installs complete with nearly the entire bootstrapped blockchain of almost 8Gb. After that, when you run the same file, it installs and just does a blockchain update. It will run without a router port assignment and works through your own VPN for more security. Download it for Linux, Windows or Mac from Pirate.Black/wallets/pirate-ocean/ . Note that the wallet opens and sends without a password, so your machine needs to be secure, with a firewall or non-public password protected router and password protected screen saver. After creating a wallet to receive ARRR, be sure to save your private key while offline using instructions at youtu.be/MmVR4QtjrU4 , safely store it and delete it from the console window before closing it. You should also execute File/Backup and save the .dat file in a safe place. Prior wallet addresses sent to are not remembered and there is no address book, so save them someplace safely to copy from. The receive screen does not display a QR code, only text for the wallet address. Also, the current release has no memo field when sending or receiving. In Linux, don't close the terminal window until after completing the File/Exit command.

ARRR does have a hardware wallet, GhostShip, using a lite Linux bootable USB stick with Pirate Wallet Lite on it and info at PirateOperatingSystem.com . Wallet setup instructions are at the link, including, ISO image download and Rufus bootable USB burning. It uses TOR, a VPN and Mac address spoofing for security of your wallet, plus the fact that the rest of the PC hard drive is completely isolated from the USB stick. While offline, be sure to File / Export Seed Phrase, write it down (after, seed".") and safely store it for wallet recovery. The lite wallet connects through the ARRR server, introducing some limited privacy risk and possible loss of blockchain accessibility. The biggest weakness is no password requirement when you boot from the USB and open the wallet, so don't lose it. The receive screen does display a QR code, which is the only easy option for copying the wallet address. It has no QR code scanner or other direct means of copying a wallet address to send to. Because of the USB isolation, the only way to import an address is to have it sent to you in the memo field of ARRR received from a Skull Island mobile or another GhostShip USB wallet. Fortunately, it does have Edit / Address Book, allowing wallet addresses copied from the memo field (double click on transaction, highlight the address with cursor drag, then copy with ctrl-c) to be pasted (ctrl-v) and saved. A major update, called Gallion, will require a password, include Polarity exchange access and some other nice improvements.

You can load Pirate Wallet Lite on a PC, which is the same as on the GhostShip USB wallet, but with access to the PC's other functions, making it far easier to obtain and send wallet addresses.

Under Linux the downloaded paper wallet generator program, using the example command provided, did generate the expected wallet pdf in the same directory as the program. The paper wallet program under Windows must be run from the terminal command line. The same example must be modified to:
piratepaperwallet.exe -z 7 --format pdf piratepaper-output.pdf

Regardless of which wallet you use, only make a small transaction the first time to verify it's working correctly. Transaction fees are only 0.0001 ARRR when sending from one wallet directly to another. Note that any personal information in the memo which might connect you with your wallet could create a risk, if the blockchain is ever somehow compromised.

Spending Your ARRR

If you want to try buying something with ARRR, visit ppmSilver.com/CryptoOrder.html . It's the only crypto on the page with Instant Payment and is actually anonymous.

You'll find other options to buy with ARRR at ARRRmada.com where PPM Silver is listed under Body Care.