Micro Involvement

Source: www.theverge.com

Do you leave your computer on at nights or is it running only when you are using it? Whatever your answer is, you can digitally dig like a pirate and find a real treasure. Actually not only you, but your friends or a team that you are involved with or even a party can get funding by mining for the “Litecoin”  digital currency.

This is not a game but a true P2P donation method applied by the Greek Pirates the last two months. The idea started by Stratos Zolotas, elected member of the Arbitration Committee of Pirate Party of Greece and member of the IT team. As he said to Pirate Times so far 30 LTCs have been mined, about 100$, from 15 members that are mining day and night and other 20 more that come and go. Zolotas was trying to think of how party members can contribute financially in this period of economic crisis and the idea came to him. It might not be a great funding for the party, but brings members together, strengthens the teamwork and creates the “swarm”. Zolotas calls it “micro involvement” and finds it along the lines of pirate thinking.

PPGR released a statement  (in Greek here)  and sent it to their members and friends encouraging them to work like a swarm and participate in a collective mining of “Litecoin”, also known as the “little brother of Bitcoin” as they have characteristically named this new currency.  The biggest problem for all pirate parties concerning funding could be partly solved by collective mining and the purpose of this interview is to take a closer look on this crypto-currency project.

Pirate Times: What is Litecoins?

Stratos: I think Wikipedia’s description is covering the issue quite well. “Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Inspired by and technically nearly identical to Bitcoin (BTC), Litecoin creation and transfer is based on an open source encryption protocol and is not managed by any central authority.

Crypto Currency: A Funding Method For PPGR