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

In this video I explain how monero works, and why its better used as a currency than BTC

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Monero
45F2bNHVcRzXVBsvZ5giyvKGAgm6LFhMsjUUVPTEtdgJJ5SNyxzSNUmFSBR5qCCWLpjiUjYMkmZoX9b3cChNjvxR7kvh436

Bitcoin
3MMKHXPQrGHEsmdHaAGD59FWhKFGeUsAxV

Ethereum
0xeA4DA3F9BAb091Eb86921CA6E41712438f4E5079

Litecoin
MBfrxLJMuw26hbVi2MjCVDFkkExz8rYvUF

Dash
Xh9PXPEy5RoLJgFDGYCDjrbXdjshMaYerz

Zcash
t1aWtU5SBpxuUWBSwDKy4gTkT2T1ZwtFvrr

Chainlink
0x0f7f21D267d2C9dbae17fd8c20012eFEA3678F14

Bitcoin Cash
qz2st00dtu9e79zrq5wshsgaxsjw299n7c69th8ryp

Etherum Classic
0xeA641e59913960f578ad39A6B4d02051A5556BfC

USD Coin
0x0B045f743A693b225630862a3464B52fefE79FdB

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[Calajese]

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

[josebr]

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

[lishievoros]

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

[wacesferpit]

My main issue with crypto is not something that can really be fixed with architecture, it's simply how people only really use crypto as some stock market/get rich quick thing, which incentives having a high fluctuation, making so it's really hard to be used as actual money, as values can change on the thousands of dollars daily.
Also there still is almost no [non-shady] place where you can actually buy goods with crypto, only exange it for 'real' money or other crypto

[OrgoneDevices]

Monero will one day be known as the Internets Cash.

[Hexagenium]

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

[jonm.]

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

[nekoill]

Omg
I've been subscribed for like a couple of months, and not only I got answers for basically all the questions I had and then some, my man also teaches me how to work out without gym membership, cook steak, understand crypto currencies and I'm a little scared to even think about what else I can learn here. It's just incredible. The only thing I can say is I gave up on vegetarianism just in time, otherwise I'd feel guilty for not taking my dude's advice. Thank you so much once again, Kenny, you are the Dark Knight of YouTube.

[dallasupton]

Yess!! Monero is basically what people think bitcoin is

[Techonsapevole]

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

[byvtrx]

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.

[josir]

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

[doublecinco]

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.

[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!

[materialknight]

Trivia: 'Monero' means 'coin' in Esperanto, a constructed living language with few speakers that was once considered a possible universal language, but whose adoption was thwarted by the french, back when French was the de facto lingua franca, before English took over that role.

People who speak Esperanto usually praise how easy it is to learn it. However, it is not true that it is equally easy for everyone to learn it; as with any language, it depends on your background (it is easier if you know some romance language), and it forces you to learn to think in a different way; it is proof that even in very simple languages, you have to practice consistently (it is true, however, that it's many times easier than English; with a good method, it is possible to be fluent in a year).

But Esperanto's real strength is its regularity and its philosophy:

It is not as easy as they sell it, but it is very regular, so any rule or pattern you learn can be extrapolated to any analogous case with no enforceable exceptions. This means:

In non-constructed languages there are lots of exceptions, and these are mandatory; in Esperanto, there are some exceptions (non-logical ways to say things), bc these were inherited from the first speakers, who unintentionally imported them from their mother languages, and by custom alone, these can't be considered errors, but there is agreement in the community that whenever you find a more logical way to say things, you can use it, and nobody has the right to 'correct you'.

The above has caused the interesting result that Esperanto is now more regular than it was at the beginning, bc whoever learns Esperanto acknowledges that learning a non-constructed language is very annoying, that grammar n4z1s are very annoying too, and that having a complex language is a means of discrimination (did you know that the much hated and conservative Académie Française admitted back in the day that French was regulated to be so irregular and difficult to learn, precisely to distinguish the noble educated man from the peasant?), and thus, that having enforceable exceptions defeats the whole purpose of Esperanto.

[korchevatel]

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

[hedgeearthridge]

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

[pittagiiya]

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 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."

[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.

[matthewvanwinkle]

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