mindnomiks

Now that you are a Guapcoin owner, now what?! Welp, it depends on how many Guapcoins you got! So... "What do you mean by that??" you may be saying. Welp, though you have a few options available to you, they really fall under two categories. Staking Masternode These two categories are your options for building wealth with Guapcoin, while also providing a service to the blockchain and help it grow, stay secure and run smoothly. STAKING You may be asking "What is staking?" Glad you ask, because I said the same thing, 🤣. Trust me, as you go on this journey there will be a lot of "What you talking about Willis?" moments. You will read and read and read and still come out scratching your head. Eventually, however, things will start to make some sense, as you persevere. Now, going back to that question "What is staking?" Welp, staking is the same as saying "make your money work for you". What exactly do I mean? You see, if you have a certain amount of Guapcoins, min 1000 Guap, you hold/lock those 1000 Guaps for a fixed duration and in return earn rewards from the network, which varies base on time and block entered/owned Guapcoin. In essence, you can think of "Staking" as having an interest-bearing account, like in a bank instead the interest is much higher and more rewarding. Staking is a "consensus mechanism", also called Proof of Stake (PoS), which is needed in a decentralized ecosystem and ensures that all transactions are verified and secured. This mechanism removes the need for a broker, like a bank or payment processor, like visa, from being in the middle of things. When we stake, we become part of that process, well our cryto (Guap) is. Not to get to technical, not that I would be able to much yet anyways, the difference between "Proof of Stake" and "Proof of Work", apart from speed and efficiency, is the fact that transactions are validated by we the people who are invested in our blockchain, Guapcoin, via staking. In essence, we can think of "Staking" to be performing a similar function as mining, which is the process by which a network participant gets selected to add the latest batch of transactions to the blockchain and earn rewards in exchange, such as Guaps. Keep in mind that when "Staking", your staked coins/tokens act as a guarantee of the legitimacy of any new transaction they add to the blockchain. What does that mean? Welp, if transactions in a new block come to be seen as being invalid then a certain amount of our "Staked" coins are "burned" by the network, also known as a slashing event. I know technical terms 🤨🤔😣🤓!!! What do they mean?? Burned - sending otherwise usable coins/tokens (or fraction thereof) to an unusable account, effectively removing coins/tokens from the available supply, increasing its relative scarcity Slashing Event - mechanism built into proof of stake blockchain protocols to discourage validator misbehavior. Usually, the two key misbehaviors that incur slashing are downtime and double signing. That, however, depends on the protocol. In essence, this is question for Guap support, as I don't know what Guap considers misbehaviors for slashing events. Slashing is designed to incentivize node security, availability, and network participation MASTERNODE What are Masternodes? Do I need one to participate in the Guap economy? Does it cost? etc. Welp, great questions you have there. Masternodes are servers setup in an always up, always running environment/system, so think electricity and infrastructure, that is connected to the Guap network/blockchain and carries out specific functions necessary for the blockchain to run smoothly. So, you can think of the Masternode as you being the whole bank offering all services. In essence, everyone comes to you, well your server, to handle all kinds of transactions. So, I hope this helps. If you have any questions please don't hesitate to ask them in the Telegram and/or here on guaptalk. Let us build together and make Guap more than just a success. Let's make it a lifestyle. Happy Guaping!!! 😁

For a Windows setup of Cold Staking, through the Guap Desktop Wallet, then these instructions below should help, at least as of this writing and using desktop wallet 2.3.1. If you want to know how to setup cold staking on devices other than Windows, then please go to Guapcoin Cold Staking Instructions. Make sure to download the latest Guap Wallet from Github, directly, or from guapcoin.org site Once download and installed, please run it/open the wallet. This will be the "owner" wallet Then, on another Windows device or Virtual Private Server (VPS) hosting service, install the "staking" wallet, which would also be another Guap desktop wallet to be used for staking On the "staking" Windows device, where the "staking" wallet is installed and will be running, go ahead and create your staking address Click on "Cold Staking" On the far right, towards the top, click on "Create Cold Staking Address" On the "New Cold Staking Address" window that pops up, you can enter the amount of Guap to be used for cold staking, min 1000, or leave it blank for now Label the address, which is to say give your "New Cold Staking Address" a name You can also provide a description for that new "Cold Staking Address" as well Once the "staking" address has been created, go ahead and copy the address Now, go to "Contacts" Once in "Contacts", go and copy either the "default" receive address from the "owner" wallet or create a new one specific to that stake Paste the address in the "Enter address" field, of the "staking" wallet, not forgetting to also add the name, in "Contact name" field, on the "Staking" wallet. This allows/"whitelists" the address from the "owner" wallet, where the coins actually seat Once done, now flip to the other Windows device where the "owner" wallet is installed, again On the "owner" wallet, check to see if the "snowflake" looking icon says "Cold Staking Enabled" when you hover over it If so, then go ahead and click on "Cold Staking" In "Cold Staking" window, click on "Delegation" Enter the staking address that you created and copied from the staking wallet where it says "Cold Staking Address" Specify the amount here, if you did not do so when creating the staking address Make sure to copy and paste either the newly created receive address or the "default" receive address in where it says "Owner address" Then click on "Delegate" Go back to the "Staking address", where you should still be in the "Cold Staking" window In the "Cold Staking" window, you should now see your newly delegated staking request click on the request and select "Stake" It will then say "Staking", after having clicked on "stake" option in the mini window that popped out Eventually, the icon to the left to the "snowflake" icon, will turn green and it will say "Staking active", when hovered over Keep in mind that "staking" does carry an initial transaction fee as well, which will be charge to you when you create the delegation. Welp, there you have it. You now have setup staking using Windows devices and the Desktop App Graphical User Interface (GUI). Hope this helps. Happy Guaping!!! 😁

I watch the YouTube video and was really excited about the possibilities. GUAP did get mentioned as one of the black coins for possible addition to the wallet/exchange. I was excited because The Black Wall Street (TBWS) app is a black owned and operated exchange/Know Your Customer (KYC) wallet. I don't know of any other. Not saying they may not exist, just not aware of another exchange that is black owned and operated. I don't believe that TBWS is the first black wallet though. Maybe I am bias. I believe that GUAP Wallet may have been the first or one of the first ones. Nonetheless, this is not a competition, this is a collaboration. A building of a black owned and operated digital ecosystem that we can pour in all of the knowledge, wisdom, creativity and our finances into in order to build something that transcends us and protected because we have all this history we have learned and are learning from, hence the name "Black Wall Street". From what I have heard in the YouTube stream, much of the visions spoken by Hill Harper, in regards to TBWS, match what is written in the Guapcoin whitepaper, such as: - "GUAP’s primary mission is to provide a sound and revolutionary economic base for the underserved, underprivileged, and financially uneducated minority community" (pg.7). - "GUAP seeks to educate its market on Blockchain and spark a revolution within our common consumer patterns" (pg.7). - "Institutions established to control the circulation of currency and the allocation of financial resources are not vested in uplifting traditionally marginalized communities, and thus they disproportionately allocate resources towards established and privileged markets. It is our belief that strengthening our own commercial businesses and empowering the unbanked and underbanked, while actively keeping our currency circulating through our own community, is the key to providing a foundation for generational wealth accumulation" (pg.8). - "The common consumer is at a disadvantage in today’s economies due to unfair market manipulation and grossly disproportionate distribution of assets. Blockchain, which is transparent, greatly lowers the possibility of market manipulation and control by large corporate entities and power brokers, and is the modern solution for consumers and investors who want to break free of the financial bubbles brought on by reckless risk taking on Wall Street" (pg.9). These are but a few of the similarities that came to mind when listening to the stream. I do hope to see all black owned coins/tokens, especially GUAP, on the TBWS exchange. This would be "one small step for man, and one giant leap for us by us", borrowing some of the words from Neil Armstrong (the astronaut). These, below, are but few of what I got and/or heard in the stream, which should excite us all and enable greater collaboration amongst us for us. We have allowed those not for us, those who look like us but are not us, and those who want to keep the status quo going keep us divided or continue to easily divide us. We don't have to agree with everything anyone person is saying, we just need to back us for us first and then deal with our disfunction within us, among us only. To borrow from Deuteronomy 19:15-17 "15 If your brother sins against you go and confront him privately. If he listens to you, you have won your brother over. 16 But if he will not listen, take one or two others along, so that ‘every matter may be established by the testimony of two or three witnesses. 17 If he refuses to listen to them, tell it to the church. And if he refuses to listen even to the church, regard him as you would a pagan or a tax collector." Though not a religious person, I am a spiritual one and I do love wisdom. To not digress, the way I see it is we need to apply this in all we do and help each other rise up to better and greater lives, situations, etc. and create a structure, ecosystem, economics that not only rivals that we found ourselves in, we should also surpass it! From the stream: - Build black wealth - TBWS is an exchange and wallet - Black owned and operated - TBWS wallet is a Know Your Customer (KYC) type of wallet, which usually means custodial wallet (which TBWS is) - Invest and hold because it is a store of value - Bitcoin/Satoshi are not a stock or shares or anything like that. If we have to see it in the eyes of the system we have, then it's more like a commodity, such as Gold. - Educate ourselves, as educational materials are available and more (soon) will be made available on TBWS app - TBWS for its initial launch is only dealing with Bitcoin/Satoshi - TBWS will look to add black owned coins/tokens, like Guapcoin - Hold Bitcoin (BTC)/Satoshi because you build equity - TBWS roadmap: DeFi system for ability to offer services like loans, etc. - Empowering the community - Investing on a regular, like $5 a day or a week, whatever we can do on a consistent basis - Not looking for superstars from Hollywood or anything like that. Looking to build slow and steady - Don't want to build off of smoke, like pump and dumb - Looking to build sustainability, wealth - TBWS is the legacy learning from our story and building the future - Reason for our own platform is that anyone else's platform, especially black owned, can integrate with TBWS - TBWS is looking to remove predatory lending - Looking to build an ecosystem to get Payday lenders out of business - Be able to offer ability to deposit your check into your digital wallet (just like mobile banking now) - Come together and develop our ecosystem further (for us by us), like ourblacktruth.com a social media network - Collaboration

I know that we have a merch section on Guaptalk, it just that I see it more like GUAP specific merch and maybe others may see it in the same sense. Could we have an area where those who need to advertise about their product and them accepting guap for their Items? instead of the Telegram group? We could just post a link to the guaptalk ad in the group? that way we also start using guaptalk more?

Ok. Update. It seems that I can update a post, right after having posted it. Just cannot edit it like tomorrow or something.

I was thinking that it would be nice if I could edit contents that I published. I was able to do so once but then for some reason cannot seem to get back there. It would be nice if the author of a post, article, blog, etc. could edit their contents. I know it's a double edge sword. If not for regular posts, at least for blogs and articles or something. I saw some typos and stuff in some of the topics I posted, for beginners and stuff, and wanted to go back in and correct them. Or, maybe have something like github with pull requests and approvals?! Just a thought.

Greenwood is a black owned FinTech company. As they are just starting and banks like JP Morgan, Bank Of America, etc. are looking to not only adding blockchain as a new exchange transaction platform, to eventually use it as the default service, why not work with Greenwood and see if we can be that platform for them? Why not work together and add that chain to our block and help further solidify our vision of "recycling wealth within the black community"? And, hopefully, with this transaction we can also help the other black owned banks modernize as well. just a thought.

Is there a GUI wallet for Linux on a desktop. Similar to Windows and Mac? Yes!! There is one. Head over the GUAP github portal to download the latest .tar.gz file.

Ok. Now that I followed all these instructions and was able to get my GUAP, how do I get it to my wallet?! Where's the instructions for that?! Welp! Fear not the instructions are here! After having purchased your GUAP on Probit and you verified that you have a GUAP/BTC balance on Probit, you want to now move those coins to a different wallet from the one on Probit and be able to monitor, work with and make use of your newly created GUAP wallet. So, to do this: 1. Log into your probit.com account. 2. Go to "Wallet" > "Withdrawal". 3. Make sure that GUAP is selected as your wallet! If GUAP is not showing, then please use the search box to search for GUAP. 4. In the "Withdrawal" window, make sure to use either the address of your wallet or the DEPOSIT ADDRESS of the same coin in another exchange. So, for this example, I am using the DEPOSIT ADDRESS (or Receive Address) from my GUAP wallet since that is where I want to send the coins to. 5. Enter your transaction amount. Here, this can be the entire GUAP wallet amount on Probit or just partial amount. In either case you have to enter an amount. 6. Pay attention to the transaction fee. This is the amount of GUAP that will be deducted from the amount you are sending your GUAP wallet address. 7. Before you hit "Withdraw GUAP" button look at the "You Get:" section. This where you will see the amount that will be sent to your new GUAP wallet address. This is the total amount from the amount you are looking to send minus your transaction fee. This is the exact amount you will see in your new GUAP wallet. 8. Then you can proceed to hit the "Withdraw GUAP" button. 9. You can then view any information on the transaction in the history section of the page. By default, it filters for transaction in progress. If for some reason something happens and you need to "troubleshoot" problem(s), then unselect the filter and the completed transaction(s) will show. For a complete view of all transactions, then click view all link. 10. You should be able to see the coins now attached to your new GUAP wallet address I just want to reiterate that your GUAP wallet doesn't actual store your coins, just the records of whatever transpired at that address, such as deposits, withdrawals, send, etc.. Your coins actually seat in the blockchain and it has a reference to your Wallet address that says this belongs to you. I am oversimplifying it so as to make sure that you understand, at a high level, what is going on. Well, at least that is what I have come to understand. Hope this helps. Happy Guaping!!!

Wallets!!! So, what are wallets? What are the different types? Why so many wallets? And, which type of wallet should I go with?! Those may be some of the questions you may have, being new to this! Welp! Wallets would be where a record of your transactions can help with the tracking of your crypto currency, for instance GUAP. This can be seen/compared to having a checking/saving account where you can view the many different transactions based on the account and routing number given to you by your bank. There many different wallets but the most popular type of wallets are: Hosted/custodial Non-custodial Hardware Keep in mind that, just like a bank account, your money is not physically at that account number. A record of that transaction, for instance the deposit, is. Same with the wallet. Your "coins"/"tokens" exist on the blockchain, the technology enabling the varied digital currencies. Though I am not here to tell you which wallet to go with, nor to dissect why there are so many wallets (over 70+) out there or give a class on blockchain, as I am learning still too, there are differences to the types of wallet you end up deciding to go with, however. Hosted/custodial Let's look at "Hosted" wallets. What are they? Why are they available to you as an option? Hosted wallets would be similar to having a bank account at an actual bank or credit union. A Coinbase type, for instance, that is both your exchange and offers a wallet means that the wallet they offer is hosted. They hold and manage your coins/tokens for you, just like a bank does when you deposit money in that account. Some people, those called crypto veterans, would say that not holding your own keys, then not your crypto. I guess it would be same as a bank account. The bank can prevent you from withdrawing money in whatever situation may be called/considered an emergency. The main benefit of going this route would that if you loose your password, you don't have to worry about having lost your crypto, like you do if dealing with your own non-custodial wallet. Non-custodial wallets. Welp, GUAP's wallets are just that. Non-custodial. What does that mean? A non-custodial wallet, like GUAP or MetaMask, Trust, crypto defi, etc. puts you in complete control of your crypto. What does that mean? Welp, in a short sentence it means you own your own bank. You just don't have a brick and mortar, like a JP Morgan, but you do have a mobile one like your GUAP wallet. So, if you loose access or something happens to that wallet @creeptodiva won't be able to help you. You are the master of your own universe on this one. If you would like more control over your coins/tokens and/or bank then this is where you would start looking into. Why would you think about this option? Welp, if you want to Stake, farm, lend, borrow, etc. then you are only able to this with a Non-Custodial wallet, at least for now. Hosted wallets are looking to add these features too, they are not there yet, however. Hardware. What are they? Also known as "cold" wallets, they are about the size of a thumb drive and they store the private keys to your crypto offline. "Cold" wallets can keep your crypto secure even if your computer is hacked. The main barrier to getting or starting with one would be cost. They can cost upwards of $100+ to buy. You do get much of the same benefits as a non-custodial (software) or "warm" wallet. It's just that much of the lending, staking, etc. happens through third parties. For staking, with a "cold" wallet, I would have to research that and get back on that. Don't have any idea how that works. This post is not about staking anyway! 😁🤣 Welp! I hope that this gives you a quick grasp of what wallets are and help you in choosing what best works/fits you. Nothing, in my opinion, is wrong with choosing any of the above routes for your money/financial journey. Either way you go, make sure it's what's right for you. Remember, this is the start of your financial freedom and investment into your own continued freedom from the status quo. Happy Guaping!!! 😁