How Monero Works (And Why its a Better Currency Than BTC)

[@Calajese]

"Small percentage of people control about 90% of the world's supply of bitcoin" That statistic sounds kinda familiar

[@mitchelvalentino1569]

@Blaxer XO criminals also hold dollars, euros, and yen :)

[@Thuruigi]

Based

[@du42bz]

Yes, Capitalists are also criminals

[@mobrine8659]

@Blaxer XO How do you knew people are not using it for everyday activities? Even if some use it for illegal activities, It's like you are saying a currency is not good if there are people using it for malicious activities, there are always people doing that, be it cash or crypto. In fact money bills can be easier to launder than crypto

[@ekksoku]

@@du42bz "Hello friend, I've farmed one potato, I see you have farmed 3 small radishes, would you like this potato in exchange for your radishes?" *two capitalist criminals, facilitating exploitation*

[@josebr0]

"Monero is what you think you get when you buy bitcoin."

[@yourmum69_420]

how do I buy monero?

[@Ok-gz7vx]

@@yourmum69_420 with bitcoin

[@yourmum69_420]

@@Ok-gz7vx but doesn’t that defeat the purpose if Bitcoin is traceable? Also how do I even buy monero with Bitcoin?

[@kjullthedemon]

@@yourmum69_420 I'd avoid Bitcoin altogether, it's a terrible coin, with all the altcoins. i buy Litecoin directly, then buy Monero with my litecoin, since litecoin has cheap transaction fees unlike bitcoin.

[@yourmum69_420]

@@kjullthedemon thanks, but how do you buy litecoin? And how do you buy monero with the litecoin?

[@lishievoros9970]

I always tell people that bitcoin was just a proof of concept

[@knowledge_harvester]

The problem isn't btc itself but rather centralized exchanges, bitcoin in general is more secure than monero and is way more decentralized too that's why people choose to put billions of money in bitcoin and not monero, the reason for that is because monero's fees are so cheap that theres no incentive to miners therefore monero's network is unsecure to 51% attack, then comes the hardness to find a bug in the moneros network simply because it's "private" and no amount of reading the code or doing math will be able to spot this, Also bitcoin is more scalable with 2nd layer while monero simply can not due it's difficulty in scaling with the complex rig signature. Anyways there's no such a thing as second best bitcoin, bitcoin is the king and will remain.

[@mgord9518]

@@knowledge_harvester Bitcoin is one of the most centralized cryptos out there, people put billions in it because it's the most popular. If BTC is so decentralized, then why is the #1 choice for small and large miners Etherium by far?

[@knowledge_harvester]

@@mgord9518 learn how to english and start elaborating your thoughts clearly and effortless then we can talk about. Bitcoin is the most decentralized crypto out there and there's no amount of retardation to change that, simply because there's no company controlling bitcoin, nodes everywhere and miners everywhere, if certain miner company goes down that mean the hashrate is lower so anyone can mine it with low GPU's.. you're totally uninformative and should review your knowledge. Ethereum is the most centralized shitcoin ever! it functions as a company but it's a "cool company" right? It has team devs, a dictator and a CEO, addresses of houses and so on.. let alone the amount of control they have upon their shitcoin with reversing transactions features and so on.. Bitcoin haven't change in 10 years and that's the whole point of it, imagine putting your money into something that change every month, how is it even secure?

[@squigglesmcjr199]

@Quan Bui not to mention the dead coins

[@diocre7446]

@Quan Bui it will not be expensive. It will be a law to implement proper pricing to service.

[@jonm.8676]

This video renewed my confidence in crypto currency being used for every day transactions.

[@usercos187]

also take a look at bitcoin cash (bch)...

[@slym741]

@@usercos187 why?

[@TheSuperBoyProject]

@@usercos187 bitcoin cash sucks

[@natansandle9284]

I suspect the moment it (or any other alternative for that matter) reaches the mainstream, it will immediately become a speculative asset with extreme fluctuations in value, rendering it just as unusable for this purpose as Bitcoin

[@vargdog6602]

Not gonna happen when CBDC from the banks and central banks is implemented world wide.

[@OrgoneDevices47]

Monero will one day be known as the Internets Cash.

[@RadikAlice]

I don't even hold any, but man I hope so. Funny how I started to think of BTC as the Internet's dollar

[@testing119]

I sure hope it does.

[@juri8723]

already is

[@bunbohue369]

it is, that is how I do remittent abroad, second to BUSD.

[@nac9880]

Bro tip: It won't.

[@Techonsapevole]

Monero is the true Bitcoin, this is why regulated exchanges do not add it :)

[@internetceo]

If you use that logic, you should buy dogecoin :)

[@SafetyLucas]

@@internetceo TBH dogecoin has been a great investment. People always roll their eyes at it, but it consistently hits the tops of the charts.

[@internetceo]

@@SafetyLucas Compare to btc price, not to dollar. Your investment lost 90% value.

[@TehObLiVioUs]

except KRAKEN, a good exchange who actually understands monero.

[@Basement-Science]

@@SafetyLucas dogecoin basically shows you that any garbage can become "valuable" with enough hype. It is an exact clone of Litecoin, which itself is pretty much outdated these days from a technical perspective, just like bitcoin.

[@Hexagenium]

Monero is the swiss bank of Crypto and will only go up. XMR doesn't have "better fungibility" It is completely fungible.

[@destroyedtelephone4124]

Sadly swiss banks aren't what they used to be now smh

[@cautarepvp2079]

@@destroyedtelephone4124 what do you mean?

[@TheSuperBoyProject]

@@cautarepvp2079 they don't allow you to deposit money without proving where they came from.

[@BeastinlosersHD]

@@TheSuperBoyProject To add, this has to do with America's citizen tax laws (fatca) that made foreign banks report American citizen's assets for tax purposes. Following this, most of the world decided to do the same (CRS), except America didn't join that agreement. So counterintuitively, depending on the state in America, it makes more sense to hide money in trusts in America since America will never send financial data to other countries tax systems. But this isn't useful for illegal money, just keeping it private and transferring money around privately as if its a Swiss bank of old.

[@zeroounce8874]

kzbin.info/www/bejne/nJnRqZ5vn95qj5Y

[@double0cinco795]

Dude, just the other day I was looking through your videos trying to find a Monero video. You're reading my mind. So shook right now.

[@Nejtak853]

No one is reading your mind except KZbin’s algorithm

[@josir1994]

I would say the first criteria for a good currency is a somewhat stable value, and that's probably the biggest problem of all cryptos

[@Blenzo480]

Stability won't come until mass adoption and mass adoption won't come until stability.

[@MRJMXHD]

@@Blenzo480 Paradox

[@LuciferVontell]

​@@Blenzo480 in other words it's never coming 😄

[@Blenzo480]

@@LuciferVontell I don't believe stability matters. My eyes will be on El Salvador during the next bitcoin halving. That country may become very wealthy.

[@LuciferVontell]

@@Blenzo480 you replied to the wrong person you were meant to reply to @josir1994 that person's comment 😄

[@byvtrx7766]

For me Monero is just nice because of the very small transaction fees. You can send small amounts of XMR without paying like $20 in transaction fees.

[@cgyh68748]

ikr

[@AqRqTq]

Thanks for the great video! As an XMR holder and buyer since the project started, I love seeing people realize how truly powerful it is compared to Bitcoin!

[@oldgrub]

that means you lost around $300?

[@Ironpancakemoose]

8:15, its relieving to finally hear someone on YT say that a fixed supply is not good for BTC. Any economics major would tell you that deflation (value of your currency increasing) is bad, and for BTC its disasterous. There's no point in me spending BTC if it appreciates in value while sitting in my wallet. Thus, the hording of BTC will continue to grow until the market becomes illiquid.

[@oshi313]

Is there a sort of name for this topic to research on?

[@LESLEYYY0]

Then you have ETH literally burning it's supply

[@mystifiedoni377]

This doesn't account for time preference, or the preference of wanting something now rather than later. Do you really think that with a deflationary money, people will live at absolute subsistence their whole lives because "I could get that thing I want cheaper next year"?

[@marianomontiel]

@@oshi313 yeah. It's called modern monetary theory, and a very well researched topic btw. Thats why most countries aim for a 2-3 yearly inflation rate.

[@marianomontiel]

@@mystifiedoni377 it's not that people will save to next year. It more like there is not an actual incentive to spend the money you hold. Now add a little sprinkle of inflation to the equation and people suddenly start having more motivation to consume. Consumption is the essence economic growth

[@matthewvanwinkle7631]

What a great video, very informative, brings up some good points, advocating for a good cryptocoin, and didn’t even ask for a like. You my friend earned a subscriber

[@Shadow77999]

Duckgogo

[@justjake9047]

@@Shadow77999 gogoduck

[@papajohnsuk5965]

delete that pfp

[@korchevatel]

That's a Ukrainian coin on the thumbnail, BTW. It says "25 копійок" - and it's already been withdrawn from circulation!

[@tenebrae711]

Теж помітив це, знав, що хтось вже написав коментар)

[@snowman2283]

я шукав цей коммент

[@extraspecialk3244]

as much as I love monero, I worry it won't reach mass adoption. Other crypto networks pack in other features. Like with ETH you can also host sites or apps.

[@saturn724]

Well yeah monero is not a platform, just a token to trade goods and services. Still that is not the problem tho, the problem is will governments even allow a privacy coin to be used. If not, then you will just be part of a black market.

[@mattkeck4008]

@@saturn724 do governments ban cash because they can’t trace it?

[@saturn724]

@@mattkeck4008 There's a reason criminals do money laundering, illegally obtained cash is not easy to use at large amounts.

[@mattkeck4008]

@@saturn724 ughh, I say we stop pretending like the government has any power whatsoever in cyberspace. If they do ban it from all centralized exchanges then people will use bisq, or peer to peer trading platforms. It will hurt in the short run, but in the long run it will just make monero stronger.

[@ekki1993]

@Matt Keck While you're right about there being workarounds, the original comment was talking about mass adoption of the coin.

[@teamrabbitalec]

Maybe a streamlined video on how to set up monero mining.

[@caesarxinsanium]

upvote

[@梓川咲太-d7p]

Checkout xmrig. It's pretty straight forward if you're a linux user. Just choose a pool and away you go

[@SafetyLucas]

Install Nicehash miner. It benchmarks your system for a bunch of different algorithms and miners and automatically mines whatever is most profitable and then it automatically converts your earnings to bitcoin. Usually, GPUs mine ethereum and cpu mines monero.

[@weevil_bob]

Ive tried so many times on Linux and windows and end up getting errors that Google won't let me how to fix then I give up and try again 6 months later and repeat. Only thing I've got to work is minergate but it says on the monero website not to use it.

[@梓川咲太-d7p]

@@SafetyLucas I've been using moneroocean for that. They have a fork of xmrig, and it uses algo switching as well. It's not really a mainstream pool, so it's nice to support diversity as well.

[@willmartinez445]

Actually the amount of Monero being mined will get so small that it’s gonna take literally a century to go past 1 million. So yea you can mine more monero but it’s gonna be only .06 so very minimal.

[@makischristou7549]

*0.6

[@narej3059]

So the price is not gonna go up?

[@squigglesmcjr199]

@@narej3059 price is going up plenty of cpus and solar panels, these guys just looking at immediate ROI, im looking to collapse the current financial system by mining, im not trading the monero back for dollars ever.

[@DaveSmith-cp5kj]

@@narej3059 Money has value because of scarcity. Less monero to mine, more valuable the monero is and higher price each monero will go for. This is why the government spending money hurts people, because with more money in circulation or printed, it is less rare and thus less valuable, and this is called inflation.

[@dusaprukiyathan1613]

Some (not all) points I got from this video: "Bitcoin is no longer private thanks to capitalism doing what it does best." "You will not have 0.00000000000000000001 Monero. 1 Monero also will not be $10 one day, $100 the next." "You can probably mine Monero. You almost certainly can't mine Bitcoin."

[@99temporal]

well, bitcoin was never private to begin with... it's in its design, not due to capitalism or something

[@boggless2771]

@@99temporal op doesn't realize that it's the government that forces exchanges to do facial recognition. And also, BTC is anonymous, as long as you can't trace a public address to a person. Which you cannot unless you trade with that person, or attach the Bitcoin to an exchange.

[@cthulhufhtagn7520]

@@boggless2771 pseudonymous

[@pawemarsza9515]

- Governments / Public Corporations require facial recognition - Capitalism at its best Bruh. Capitalism is about PRIVATE control of the means of production (private = individual ['privus'=individual in latin] ) What you're talking about is PUBLIC control of the means of production (by a group, A SOCIETY - either by the State, or by Public Corporations [corporations are public, as they are collectively owned by their stakeholders and 99,99% of the time they collaborate with governments to crush or limit their competitors on the market]) So it's definitely not capitalism's fault

[@blemmyes]

@@pawemarsza9515 "it's only capitalism when there is less than 2 capitalists"???

[@gaius100bc]

The actual statistics for bitcoin, as of 2021/01/20: The top 2.43% of wealthiest addresses holding 94.92% all the bitcoins in circulation, while the very top 0.44% wealthiest addresses currently holding 85.51% of all the bitcoin in circulation. But we should keep in mind one thing, good portion of those top addresses very likely to be cold storage wallets of big cryptocurrency exchanges, so in a sense, those wallets are only storage boxes holding btc of many people. Statistics can be a bit deceiving at times. Which in it self doesn't change the main point of the argument, all currencies over time tend to clump up somewhere in some pockets of rich people or some large financial entities.

[@NekoDalian]

Yeah, but it's the same as banks, right? They hold a lot of people's money, and in doing so, have a great deal of power, even if that money isn't technically theirs.

[@gaius100bc]

@@NekoDalian yes, pretty much

[@gregmargin6509]

Please make some tutorials on how to get started with crypto. There is so much confusing info out there and you seem to be very educated on the subject. Thanks

[@hedgeearthridge6807]

John McAfee was able to escape the law so long with help from Monero. They got him last year though. Never Fogret

[@leisureclub_]

so it means Monero could not save him :D they eventually got him even he was using Monero

[@CenturionKZ]

@@leisureclub_ but that was his fault, not Monero's

[@RevanLaughs]

@@CenturionKZ yeah that guy was doing a lot of crazy stuff, he could’ve been using smoke signals as currency and he still would’ve been nabbed

[@jakepaul3895]

@@leisureclub_ l

[@attilatorok5767]

@Sage LaRue the glowies got to him

[@architone17]

Selling pressure was evident in the market as the OBV formed lower highs. In fact, the dearth of buying activity could also lead to a breakdown. A short-term target for Bit co!n Cash’s bulls lay above the 38.2% Fibonacci retracement level, which resided around the $560-mark. While this level was breached just once over the last three weeks, the bears were swift to reject the northbound move, the RSI was pointing south from 40 and underlined weakness in BCH’s short-term trajectory, but the bulls can be expected to put up a fight. The Bollinger Bands for Waves registered low volatility as the price traded between $10.13 and $9.16. This meant that huge price swings were unlikely and a consolidation phase could continue over the next few trading sessions. The Awesome Oscillator reflected a neutral market, but it was slightly tilted in favor of the bears, this is an important level for both buyers and sellers. A sharp move in either direction could align the market strongly in favor of the side that enforces a breakout. Bitco!n is on the verge of greater heights this year and I plan on riding with the wave which is why I 𝓽r𝓪𝒹ℯ daily with the aid of Mr. Thomas, with his accurate 𝓽r𝓪𝒹ℯ 𝒮ℐ𝓰n𝒶ℒS being mirrored in my 𝓽r𝓪𝒹ℯS my earnings have been on an enormous increase. The financial revolution has just begun and bit:coin is at the forefront of it all, so I urge įnvestors to take advantage of Mr. Thomas Fuller’s ( 🅖🅼🅸🅰🅻【thomasfullerofficial@gmailcom】 and 🆆🅷🅰🆃🆂🅰🅰🅿【[phone]】) trade signal services to stay profitable always.

[@xgomax1]

I have been studying cryptocurrency for the past 9 months, it has been very difficult to understand the trends, Mr Thomas made it look easy. I want to thank him for that.

[@Milos1981ful]

It’s so amazing to see my portfolio grow progressively, i never believed it would be this easy but Thomas made it possible by sharing his strategy and insight on trading.

[@bdany59]

Good remarks is all i have heard about this trader Thomas for sometime now. texting him now to get started with his signals.

[@bartek6022]

Seeing this here really amazed me , Thomas thought me on how to trade with his magical signals to earn more BTC

[@jonah1860]

I also trade Leverage, which is a much smarter thing to do than Hodl. You need the right signals or you may end in regrets. Mr Fuller comes in highly recommended if you ask me. Great guy

[@sebastian3158]

Your channel is so underrated

[@kevyyar]

Keep it underground

[@karlgiese6100]

@@kevyyar he has 75k subs, he isn't "underground"

[@evildragon1774]

No sh*t sherlock

[@tstcikhthys]

BTW, Ethereum is not the currency; it's just the technology, so you can't "buy Ethereum". Ether is the currency.

[@door_productions4896]

Frankenstein's monster

[@aspen.coloradx]

So glad I found this channel! I really like how you explain stuff

[@meanpillscasper]

Same, it's a true gem

[@WatchmanPrivacy]

Bitcoin privacy can be achieved with non-KYC. There are other tools for forward-moving privacy such as Samourai whirlpool and coin control. Then you can save in a digital money much more powerful than others.

[@mnnglss_xstnc]

Dude why is there Ukrainian 25 coin in the thumbnail lol

[@ercole1488]

You should make a comparisons of the available linux kernels, like linux-ck, linux-zen, explaining which one is best for performance. For example, I have discovered that linux-ck is better, on my T440p, for performance. Monero hashrate went up to ~1030H/s (CPU is i5-4340M)

[@marcello4258]

+1

[@99temporal]

what was the marginal performance gain?

[@parabolicpanorama]

Wait how do you mine on a mobile cpu?

[@parabolicpanorama]

@@CyberAndy_ why not sir pls sir many thanks

[@domcanario9107]

Excelente aula, obrigado pelo vídeo!

[@baguettedad]

um br!

[@domcanario9107]

@@baguettedad salvei, cheguei a minerar monero por um tempo. Tá nessa meta?

[@baguettedad]

@@domcanario9107 to quase la

[@rafaelmaia8829]

HuehueBR

[@wesleyjrz]

Olha só, um brasileiro

[@EsoTarikZ]

I remember when I was on the dark web and I saw Bitcoin at less than a dollar. I immediately write it off as “this is stupid.” I will never make the mistake again!!! ADA and XMR to the moon baby!!!

[@nathaniallevett2640]

Where do you buy it now though, none of the trading platforms seem to sell it anymore?

[@noanyobiseniss7462]

@@nathaniallevett2640 Kraken

[@maxikanec4545]

Thanks for Ukrainian cents on preview bro

[@awesomedavid2012]

If there's such a large supply of Monero what is to stop it from becomming the new fiat? If anyone can mine it and there's no upper limit, sure the FED can't as easily print it but what's stopping the inflation from going crazy just like it did with cash?

[@MentalOutlaw]

Currently a monero block is mined about once every 2 minutes, after 2022 the block reward for monero will be fixed at 0.6 XMR (right now the block reward is about double that) Once this happens the annualized inflation rate for Monero will be around %0.9 (less than gold) a continuous increase in supply isn't a bad thing for store of value as long as its predictable like the increased supply of gold. Now what alot of people suspect is that the real supply of monero won't really change because coins are constantly getting lost from people forgetting wallet passwords, deleting wallets, etc. Its hard to know exactly how much monero is or will be lost, but considering that %20 of the total bitcoin supply has been lost I suspect the rate for monero is similar.

[@royfriedman4184]

Saw someone the other day pick a random youtuber who had a bitcoin donation address, and follow the transactions to find his main address. He was also able to find the youtuber's full legal name, and photo. Scary

[@matiasisea7570]

do you have that video?

[@D3rMesaa]

Who buys Bitcoin for use anyways with these astronomical fees

[@bk8740]

Wrong idoit ethereum is more

[@niksatan]

Dude thank you for all of your videos, you are hell of a versatile guy!!

[@calimitaprefetta]

This is why I expressly mine xmr over BTC and ETH

[@nac9880]

Everyone learn their lesson sooner or later. I've learned my own and I'm back as a Bitcoin enthusiast, the occupation I should not have had given up.

[@Flocksta]

What do u mean

[@nac9880]

@@Flocksta there'll always be cryptos with better technology as time passes but none of them will be Bitcoin. One can say they are the playground for Bitcoin testing. Draw your own conclusions.

[@Flocksta]

@@nac9880 but if other currencies are playground for bitcoin shouldnt bitcoin include these new features over time? I mean what happens when btc mining is not profitable anymore? Im all for al these tiny irrelevant cryptos to go away and also for the ones that provide better service to stay.

[@12q8]

The increase rate of Monero is a constant number as well, so the inflation rate approaches zero in the long term.

[@shawnradke]

😂 nope Value wise it’s not 0 Imagine the economy runs with 100 monero and .6 monero is added, everything is displaced now as everything will increase relative to 100.6 monero

[@trghhbnfjh867]

im almost first!

[@LewisCostin]

I don't think people talk about destruction/lost keys of crypto enough. It happens continuously, and on a long enough timeline, you will eventually run out. At what point does having (literally) no application make the currency worthless? The tail emission keeps Monero usable 1,000 years from now, while also being so small that inflation probably won't be able to fight the 'lost' monero.

[@ricotaline]

Monero logo looks like a Pokeball. That's a good point.

[@mgord9518]

I'd love to see a tutorial on how to mine correctly, I tried using my gaming laptop with a 1080 and Intel i7 and I was only getting cents per day :/ unless I'm doing something wrong, it still seems pretty unrealistic to use normal computers to mine

[@alirezaalavi1504]

of course you shouldn't do that dude

[@mgord9518]

@@alirezaalavi1504 So how should you mine it?

[@danielmarkkula3004]

@@mgord9518 Not on a laptop! Buy a mining computer made specifically for blockchain.

[@mgord9518]

@@danielmarkkula3004 I've looked up XMR mining profitability, and it looks like even an AMD Epyk 7742, which is a $8000 CPU only mines $45 of XMR per month. I've also attempted mining it on my desktop, and it still isn't anywhere near profitable.

[@mori7423]

@@mgord9518 mining monero is not profitable in ANY case. If you want to mine rationally - mine some other coins and just buy monero with them

[@vladislavkaras491]

That was informative! Thank you!

[@abbasmaheryar1111]

the infamous ryzen 5 3600 is great for mining.

[@cookievretter5237]

It's in my computer. I don't mine with it though.

[@vinzer72frie]

Is it possible to mine monero at the current date?

[@abbasmaheryar1111]

@@vinzer72frie download xmrig and get started. Always mine in a pool. As of now, CPU mining is still worth it

[@ADayintheLifeoftheTw]

Just successfully mined some today. 😎

[@darrellm9915]

Sounds good in theory, but remember, once a transaction is recorded on the Monero blockchain, it becomes an immutable part of the blockchain's history and cannot be altered or deleted. So even though it's encrypted with ring signatures, it will still remain there indefinitely, regardless of any privacy features used. And we can only hope that it doesn't become a threat in future, as tracing technology becomes more advanced.

[@nerd-]

exactly.

[@hohobravo5465]

I love these videos, I like your channel, spread more brother, we are always following your channel

[@Gartendalf]

Flux makes sense. its blockchain based computing power. its pretty cool because its not just some digital money. I dislike printing "just money" by mining.

[@subnumeric]

Monero does have some significant problems tho, the most obvious are the hard-forks every time the devs want to update vs. bitcoin's network consensus that is required to change anything about it (does have a problem with chineese pools tho). It's obfuscated nature also makes it very hard, if not impossible to detect if someone has inflated the monero supply trough some sort of bug. Bitcoin obviously doesn't have this problem, because you always just count up the transaction values and see if it adds up. This is often overlooked by people coming form the technical side of things, however it is obviously an extremely severe economical issue. If such secret inflation would be at some point revealed it would probably crash any sort of economy built around it. That would be actually even worse than what we have now with fiat currency, because at least now we know that the money supply is being inflated and most of the times even by how much. With monero tho... Bitcoin's greatest technical advantage is in my opinion its simplicity. Pretty much anyone with some brains and math knowledge can chew trough Satoshi's whitepaper in a few days and actually get it, where as monero is based on really dense, bleeding-edge cryptography that's very difficult to grasp for even people with advanced education in the field. I still like it anyway tho, the level of privacy it provides is actually even grater than cash, because compared to cash it's actually truly fungible, but i wouldn't throw bitcoin into the dumpster just yet...

[@damnedmadman]

The regular hard forks are one of the main reasons Monero is so secure and ASIC resistant. Whenever a new danger appears, they just update the algo, which makes the costly ASIC development risky and unprofitable. The same thing applies to any potential tracing software. The fact that federal institutions have a bounty on cracking Monero proves that this tactic is working so far 🙂

I'm betting on Monero not just yet, but soonish when more people have made a buck on crypto and the IRS takes it away from them. Then they will see the value of privacy and also the crypto backed FIAT lending services.

[@jcoughlin325]

wish there was a NO BS instructional video on how an American Citizen can EASILY and SAFELY purchase Monero. Extra points if the video is structured towards people who have never purchased Crypto.

[@ChrisGilliamOffGrid]

The Exodus Wallet. You can convert to it there. Buy LTC or XLM somewhere, transfer it to Exodus, exchange. That simple.

[@Tom-eu2gq]

are you on LBRY ? if not could you make a vid about it ?

[@HeloIV]

He's already on LBRY

[@steveobraien9939]

great Presentation 👍 Thanks ☺

[@ChickFilA_Sauce]

Monero makes a lot of sense for day-to-day spending but not for long term saving due to its inflation.

[@manuelgrana1469]

monero inflation tends to 0%, your statement is just not true

[@Zaptosis]

Someone I was talking about was talking about 0xMonero very highly. I don't know what to think about it, & kinda don't trust it yet. I'm keeping my money in Monero because I think it's got more long-term potential. Maybe invest a bunch into ByteCoin, lol.

[@fllthdcrb]

4:15 This is *not true* (for the most part). There was a time when Bitcoin addresses were widely reused. However, most, if not almost all, wallets nowadays give you a fresh, unused address every time you request one. That's not to say that addresses aren't still reused. There are a lot of e.g. donation addresses that are massively reused, and nothing stops anyone from giving out the same address to multiple people they want bitcoin from, nor people who get one from sharing it. But it's not an intended or otherwise normal part of Bitcoin, and is discouraged for multiple reasons, including wrecking privacy for everyone involved. All that said, tracking is still very much a thing, because there is a lot that can be gleaned by analyzing the blockchain. The devs are working on making that harder, through things like Schnorr signatures.

[@desmond-hawkins]

Exactly. This is not the only incorrect statement, the one about tainted BTC that are less valuable is also provably wrong. When you have a balance of 2 BTC, you _can_ see that it came from 1 BTC from a DNM and 1 BTC from an exchange, but once they're added together in a wallet, it's not like half is marked forever and the other isn't.

[@johnterpack3940]

Plot twist-- All crypto is just hackers turning people's computers into giant clusters to hack passwords.

[@GabrielTobing]

7:19 Gamers can finally game I see. Good days are coming very soon my friends. XD

[@hauyennguyenthi9013]

One of the best videos. I sold 1/2 my bag for $VRA. the digital advertising, Esport, video game, NFT. it got US patent. 25.55% APY staking. $VRA will be massive. The next of Theta for sure !!!$$$$$

[@maplesyrupmush9320]

Damn man, shilling for a crypto scam? Goddam this used to be my favorite channel :/ rip the dream

[@nikolas8741]

Great job explaining. I was wondering what happens if to hole internet when down will you be able to recover your coins I did get the answer to that again keep up the good videos!

[@simonjesusbeliever3467]

First the chances of interent going down is VERY LOW secondly store it on your hard drive.

[@marvinmaali4019]

PoW and a fixed supply = Building great things around scarcity. Monero's inflationary currency = Fiat. Pure and simple. Now Bitcoin may not be very private, but Monero's ultra privacy is not good for my story. So I I prefer BTC 😊

[@richard343s]

Monero is for the people that want to make private transactions. Bitcoin is for the people that want to make money. Have some of both that's my recommendation.

[@sirjamesgray]

Big money wants privacy. Once big money realizes they're holding a surveillance coin, they'll probably pivot.

[@internetceo]

@@sirjamesgray They won't. Also Taproot & Schnorr signatures are currently "ready" to be implemented in bitcoin. So if you want a private bitcoin, just wait a few months / years. If you want to be really edgy, you could argue that every transaction on the lightning network is also private. Monero solves a problem bitcoin does not have anymore, just like any other altcoin.

[@sirjamesgray]

@@internetceo to be clear, I welcome the privacy enhancing features that Bitcoin is preparing to implement. I also recognize that second layer solutions could help too. My portfolio is structured in such a way that I’m happy to see either coin win. I’m just saying that big money likes privacy. Perhaps they’ll get it with Bitcoin. Perhaps they’ll get it elsewhere

[@internetceo]

@@sirjamesgray I feel you. Who does not like to gamble. As a gambler who did this for some days: Stick to btc. When you compare your portfolio to dollar, you will maybe think you made a good deal. You should always compare against bitcoin, then you will see your losses. I'm no btc ultra, just saying monero has a shit ton of problems btc solved in the last 12 years pretty "ok".

[@sirjamesgray]

@@internetceo whichever coin delivers the final blow to the fiat system, it doesn’t matter to me. Like I said my portfolio is structured to handle these risks.

[@quickscope3643]

is there any way of making a living out of virtual coins that doesnt end with me working in Mac Donalds ?

[@internetceo]

@@__Brandon__ THIS!

[@steveo4156]

BTC is King Shitcoin. Sorry, but Craig Wright is Satoshi

[@internetceo]

@@steveo4156 He sure is... That's why he can't sign shit with Satoshi's wallet ;P Besides: Who cares. The Code is good. I don't have to like the Developers.

[@ghoulbuster1]

Buy low sell high

[@getmonerodotorg730]

Great video! Monero for the win!

[@churroman183]

thank you for making this useful video man

[@iseeyounoobs]

To think you could easily predict in early 2021 there would be inflation. Then all of 2021 the “experts” said it was transitory. And now in 2022 it is obvious as day that there is huge inflation.

[@justiniani3585]

How does Monero compare to Ethereum now that Ethereum has transitioned to proof of stake?

[@GuerreroUrbano100]

This was a great video! Thanks so much for making this!

[@m35wg4g]

Kenny we demand for Crypto videos. It's the hot thing right now. More.

[@IGDNews]

Sure its hot right now.....bit it wont be in a few months or even a year from now. Crypto goes through boom and bust cycles ever four years or whenever a Democrat is voted into office. Then when it gets to a certain price point the sell off starts. Maybe when the sell off stops bit coin will stay above 15,000.

[@evmanbutts]

I just started using Monero yesterday... Mental Outlaw is starting to biolumenesce just a tad

[@aednil]

you started using it? I'm curious, can you actually already spend Monero somewhere?

[@abbasmaheryar1111]

@@aednil of course you can. there's a little special place down below where everything else goes on in the internet ;)

[@Morphoidism]

@@abbasmaheryar1111 What can monero or ethereum be used on that isn't from the deep web?

[@rialseebran2072]

can u recommend a place to buy it

[@noanyobiseniss7462]

@@rialseebran2072 Kraken

[@TheLionManOnline]

Monero is great but I wont ever store value in it for one simple reason you can't fully verify the supply. That is a key feature of crypto that you can't overlook.

[@Flocksta]

Can u explain more?

[@rafaelr.sanches1437]

That's wrong, you can verify the supply.

[@zuko9085]

"Which will likely cause some inflation", a fact that was obvious to anyone with basic economic knowledge at the time and boy was that an understatement. "Official" numbers at over 8%, so likely almost double that when it comes to actual inflation numbers.

[@CrystaTiBoha]

Hey, how about I store my savings in bitcoin? :) >gets kidnapped, tortured and killed for private keys by govt thugs when inflation hits

[@Lou-xd9ef]

Monero = most decentralized and private crypto. Why the price is so low is a mystery.

[@follcatala]

I agree that privacy is important and Monero does it better than Bitcoin (although there are ways in which you can anonymise your Bitcoin like Coinjoins with Wasabi and Samourai wallets). But what you don't mention is that Monero has a scalability problem. Each Monero transaction weights approximately 8x as much as each Bitcoin transaction, putting a lot of strain on its nodes and it would suffer from serious centralisation if it had to handle the same or more volume as Bitcoin currently handles.

[@WesleyLeeYang]

is the keyboard sound inserted or are you actually pressing a key to move to the next slide?

[@WesleyLeeYang]

(I'd guess the latter)

[@rabbitdrink]

i mine monero in the background while i game. it seems to use no extra power and i lose no frames, i dont know how thats possible but whatever. im starting this thing where if somebody kills me with a knife, i give them like 5 cents worth, but nobody who killed me with a knife has picked up their monero yet :(

[@xl0_0xawn27]

thanks for the Input stay safe 😌

[@haakamaujla2855]

Is Monero a good store of value given that there is no limit to how much can be mined?

[@iskamag]

the inflation rate is expected to be at 0.6%, so yes

[@loluser124]

my dog poop is unique

[@tishared4560]

Has something change since then, any updates about Monero: how it is doing?

[@TheJpwzrd]

“Will likely cause some inflation” yep, you were correct.

[@CrunchChicken]

Hey friend, are your videos on other platforms? Trying to set up newsboat so I can ditch google. I'd like to use a feed different than KZbin's if possible

[@CrunchChicken]

@Stalin Redeyes true, but with rss feeds I can just pipe the links into mpv. And I'm not limited to KZbin, too

[@damnedmadman]

LBRY looks promising

[@Jupiter__001_]

@Vladimir Thank you technoLenin

[@Richiesrant]

I wish the ATMs would sell Monero, but you have to buy bitcoin with them, then exchange, and it takes a large chunk of your cash.

[@kingkongw24]

John Mcafee sent me here!

[@geck1204]

How about exchanges in the US delisting Monero due to fear of being shutdown?

[@DaveSmith-cp5kj]

The exchanges doing this are KYC, which Monero users don't use to begin with, as you would just use bitcoin in that case.

[@threedog27]

Just imagin 21 Million Bitcoin are available and then the sun just fucks our electronics away.

[@dorijancirkveni]

We'll have bigger problems than Bitcoin if that happens.

[@glibbond168]

Чому саме 25 копійок?

[@luqimasa5340]

good video

[@Microtonal_Cats]

Great explanation. But...The fact that I hear the click to change slides, meaning this is a PowerPoint presentation (more likely LibreOffice), reminds me of Gilfoil explaining Crypto to Richard in "Silicon Valley."

[@achilles3669]

if u wanna know who is satoshi check Barely Sociable

[@Maribarosca]

The digital market turned out favorable! $60,000 every month. I can now give back to the locals in my community and also support God's work and the church, God bless America

[@phizzhead53]

Btc if made more effecient is a perfect world reserve currency it would pervent things like the petrodollar situation

[@Assault_Butter_Knife]

The way I see it is that currently the central problem with any cryptocurrency is anonymously exchanging fiat for crypto. It was hard to do during the dawn of crypto due to limited supply and lack of services which would facilitate such an exchange, and it remains hard to do now for the opposite reasons, as almost everyone seems to favour using centralised exchanges due to convenience. I really wish DEX cervices like Bisq would gain a larger user base. Having more users would mean higher liquidity which would mean even more users

[@enriktigasna]

Local cryptos is the way imo

[@nikone4129]

Monero has no limit to supply. Hard to have scarcity when miners can keep mining more and more and more.

[@speedoflink]

Monero has a lower inflation than gold, and nobody says gold is not scarce.

[@nikone4129]

@@speedoflink I'll give you that, as Gold is inflated in supply by 2% a year. But keep in mind, Monero will never be a valuable scarce asset and that's by design to prevent hording. Same reasoning why Monero doesn't require special computers to mine, to prevent mining farms from having a monopoly on creating new coins. The best use case for Monero is accepting private payments, then doing an Atomic Swap for non-KYC Bitcoin and putting that in a new wallet. Bitcoin is valuable and scarce, Monero is not. Monero is a great assistant to Bitcoin, but you should not be holding Monero thinking it will grow sharply in value like Bitcoin will and has.

[@nikone4129]

@@speedoflink Since the 2024 Halving, Bitcoin is now more scarce than Gold. Price of BTC in 2020 = $15k. Price of XMR in 2020 = $145 Price of BTC in 2024 = $66k Price of XMR in 2024 = $121 If you own Monero, you are constantly losing because it is a inflationary asset. Bitcoin is Deflationary. Bitcoin's public ledger is what makes it well suited for ETFs, Banking, World Reserve Currency. Monero being private makes it suited for DarkNet markets, thieves and cyber criminals. It will NEVER become a legitimate asset, thus never gain momentum or value.

[@nikone4129]

@@speedoflink Bitcoin since the 2024 Halving is more scarce than Gold. Monero has lost money over the years, down to $121. Bitcoin has gained 4x in price. With Monero, you lose.

[@crooton2258]

Just saved this video for a reason.

[@mixorin]

Using any type of currency is honestly cringe. We should go back to the way of our ancestors: Grug see Kronk with booba shaped rock. Grug smash Kronk with club. Grug take rock.

[@gizka6816]

based and monke pilled

[@fungibleanonymousglockboug2162]

Good content

[@sirjamesgray]

Down with fiat

[@f23anone82]

How profitable is to mine Monero? 1. price for electricity vs price of Monero 2. What machine is good for it? Can I mine on Core2Duo for example? I've seen videos on mining or Raspberry Pi is it a valid option?

[@h1dd3nllama]

how much do you value non-traceable funds?

[@Basement-Science]

currently it's profitable even at the world's highest electricity costs, at least with modern Ryzen 3000 or 5000 processors. Of course the older the cpu, the less efficient it is.

[@12q8]

Your videos are amazing