New Crypto Better Than Bitcoin?

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In this video, I discuss why it is so difficult to create a new cryptocurrency that is better than Bitcoin, as well as going through some of the heuristics that I use when analyzing new cryptos.

Bitcoin had an immaculate conception that is very difficult to repeat, has a huge head start on other projects, and also makes very good choices when it comes to the trade-offs between block size, scaling, transactions per second (TPS), and decentralization.

Even if you do a fair launch with a new proof of work coin, it is highly likely that token holders will dump the new token for Bitcoin, as they did with Grin.

Monero is a fascinating project, but a worse store of value than Bitcoin. Monero/BTC atomic swaps ensure that no one need ever hodl Monero when they can instead just swap into it temporarily as needed.

Bitcoin is the next Bitcoin. Accept no substitutes.

Not investment advice! Consult a financial advisor.

Coins with large premines:

Grin market cap:

Monero market cap:

Ethereum Is Banker Coin (Shocking Revelations):

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#bitcoin
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#monero

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[Bitcoin_University]

WARNING: There are a number of scammers who are using my image and
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[moneycrab]

When I got introduced to crypto I was really attracted to staking yields. Now after getting some scars I realize that yield is almost always a trap. In the long run nothing beats self custody, nothing beats the scarcity of BTC, just acquire it at the lowest cost basis possible. Thank you for the vid Matthew!

[brenden]

"There are no informed critics of Bitcoin." -YouKnowWho

[ottoandersson]

This is the video many of us have been waiting for.

I do only Bitcoin and Monero

[tscotts]

19:49 Exactly. XMR's market cap hasn't grown because it offers too much utility to just be held. It's too useful. I love XMR but would never hodl it like BTC.

[plumrocket]

Hey Matt, great video. Can you do a video on running Bitcoin node for a layperson? Like the idea of decentralization and supporting the network.

[jimuren]

"What are the bad things that can happen to Bitcoin?" Interview with Nic Carter, final chapter

[jakedeiwert]

When I first started watching your channel, I thought you just didn't understand the perspective of people with little money trying to catch up and feeling the need to buy altcoins. Along the way I realized that the altcoins are akin to buying a lottery ticket and hoping to get rich. Some people might get lucky, picking the winners and selling the top, but most lose or at least do worse than just buying btc.

[ldfgbnghcfhgvjbkhn]

Regarding Monero: privacy is a second layer issue. You can already transfer BTC through lightning with pretty awesome privacy, and it will improve. It sort of makes Monero the bcash for privacy. Basically, just build your use case on the only sound layer 1 which is Bitcoin. People who pretend to think that Bitcoin is unworkable because you need privacy on the layer one are just bag holders.
By the way Monero is absolutely not sound, they keep hard-forking their protocol. Also the main chain needs to be auditable.
Bonus: when Bitcoin reaches like a tenth of its final value, governments in this surveillance/coercive form mostly won't be a thing. It's like saying "that Gutenberg press is neat but the Church will keep finding the books and they'll ban them". Doesn't make sense.

[cramsa]

Monero is the closest thing to a legitimate altcoin that isn’t a Ponzi scheme unlike Etherium and Solana BUT Monero’s network/hash rate is way way way too small compared to bitcoin.

[alexyung]

Hi Matthew. Would you make an episode telling us a little bit about how you became so knowledgeable about Bitcoin? I know you weren’t always convinced about it’s worth and focused your attention on stocks for a long time. How did this change? Do you have a background in technology or are you just geeking out like the rest of us? A little bit of background would be nice. Thanks!

[vakantiehuiswarandehof]

Another centralizing factor when increasing blocksize is latency times for miners. Bigger blocks => higher latency times => miners will relocate to be close to eachother as to not have latency issues, making it more centralized

[SchopenhauerX]

Love your content, Matthew, and although I think you are right about bitcoin becoming the primary global store of value, IMO it's actually rational to hold a very small monero position alongside bitcoin.

Swapping btc to xmr requires fees and creates an identification vector. If you know you're going to be making private transactions on a regular basis you will probably just keep a small monero position instead of constantly switching back and forth.

I doubt it will ever greatly appreciate in value vs btc, but it has genuine utility, and its existence only helps to keep the bitcoin dev community on its toes with regards to privacy.

[reillsbeguiles]

Monero and Bitcoin are in an interesting relationship. Bitcoin has the marketcap, brand awareness, and first mover advantage to give it a chance to make it unstoppable money on the world stage (not just theoretically). With centralized exchanges controlling the market right now, however, the public blockchain makes it super easy to trace "dirty bitcoin" and blacklist it from exchanges, making it much harder to be unstoppable. Monero's private blockchain makes it fungible, as well as private, but it doesn't have nearly the marketcap or brand awareness of Bitcoin as you said.

I feel that the end game of crypto will be these two currencies providing a symbiotic relationship with each other through decentralized exchanges. Monero provides the fungibility that Bitcoin needs, and Bitcoin provides the marketcap that Monero needs to be truly useful, since it isn't listed on nearly as many exchanges. At the end of the day, for me, the majority of the market is just noise, except for these two. I'm very interested to see where we end up from here.

[sanchez]

Thanks for the video. Where are the NON-KYC and CoinJoin Videos?

[joshlutza]

I can make you a gourmet cheeseburger but I could never compete with Mcdonalds.

[sibaroochi]

" if it's promoted by a guy wearing a Gucci jumpsuit doing a peacock dance"... Sounded like you were talking about Richard Hart and his hex token

[ConciseCabbage]

8:43 - I agree that there’s nothing wrong with Grin. It is on a whole different timescale compared to other coins because it’s constant emission. 1 coin per second forever. It’s only just getting started.

The whole point is to avoid the unfair moonboy stuff.

[spongebb]

Great channel! You are the most knowledgeable source on BTC. I have seen people try to make connections between Ripple/XRP and the WEF and the 'Great Reset' stating that the 'plan' is to have XRP be the next global digital currency. Would you please do a video on that? Thanks.

[Confusione_Infinito_Absurdum]

Do you have an opinion about HNT? They seem to have an actual potentially viable business backing up their coin.