2024-12-26T09:04:10+0000

Get the "Ultimate Guide to Bitcoin" course: https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Use the discount code YT99 to get the best price. In this video, I continue my investigation into Monero vs. Bitcoin and examine more trade-offs that Monero has made, in order to increase privacy at the base layer. In particular, I examine how common hard forks are for Monero, especially compared to Bitcoin. Does this imply that the devs have more control than they should in leading the Monero community? Repeated hard forks could certainly hurt Monero's potential classification as a digital commodity by the SEC. My own belief is that a protocol that strives to be money should not be changing things at the base layer/protocol level as frequently as Monero does. If the future of Bitcoin and Monero transactions ends up being off-chain, Bitcoin may have a big advantage thanks to its head start with Layer 2 solutions like the Lightning Network, eCash (Fedimint, Cashu), and statechains. I conclude by examining some very interesting tweets by Francis Pouliot which examine the greater context of Monero's privacy by discussing anonymity sets, as well as the liquidity and saleability of XMR compared to BTC. To understand the context of this discussion, you should first watch these videos, and read Seth's and Howard Chu's responses to me: "ASIC Resistance" Is Just Plain Silly (Bitcoin vs. Monero): https://www.youtube.com/watch?v=SANFAxu9mqg&ab_channel=BitcoinUniversity Monero's Big Fat Problem: https://www.youtube.com/watch?v=sZjcFRdvbjc&ab_channel=BitcoinUniversity Response from Seth For Privacy: https://twitter.com/sethforprivacy/status/1649441320979648512 Response from Howard Chu (hyc): https://twitter.com/hyc_symas/status/1649455592090607616 Not investment advice! Consult a financial advisor. Is Your Crypto Collaborating With Government Spy Coins?: https://www.youtube.com/watch?v=aEd7sqRQLKI&ab_channel=BitcoinUniversity Consensys working on CBDCs: https://consensys.net/solutions/payments-and-money/cbdc/ https://consensys.net/blog/quorum/envisioning-a-future-of-central-bank-digital-currencies-for-everyone-everywhere/ Pre-history of BitMonero and Monero: https://monero.stackexchange.com/questions/475/monero-inception-and-history-how-did-monero-get-started-what-are-its-origins-a Monero likes to do a lot of hard forks: https://decrypt.co/107441/monero-rolls-out-enhanced-privacy-features-with-hard-fork https://twitter.com/MoneroTime/status/1617536536358322176 https://twitter.com/hyc_symas/status/1649458678926376980 Seth's take on Monero hard forks: https://sethforprivacy.com/posts/dispelling-monero-fud/#moneros-hard-forks-make-it-centralized Does Bitcoin privacy require more transactions than Monero privacy? https://twitter.com/gingeropolous1/status/1649497423050407936 Is Bitcoin Too Slow To Be The World's Reserve Currency? https://www.youtube.com/watch?v=Rk3-f_UC2hg&ab_channel=BitcoinUniversity A great way to buy Bitcoin in Canada: https://www.bullbitcoin.com/ How to annoy a Monero shill: https://twitter.com/tommy50107317/status/1649759859426959364 Francis Pouliot on Bitcoin vs. privacy coins: https://twitter.com/francispouliot_/status/1649535075799691267?s=27 https://twitter.com/francispouliot_/status/1649536423169609728 https://twitter.com/francispouliot_/status/1649536661041160195 I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #monero #privacy Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.