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📺 Movies 📺
Monero Overview 👉
China Mining Centralisation 👉
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– TIMESTAMPS –
0:00 Intro
2:11 Monero Overview
5:30 DOJ Takes Discover
9:08 Change Crackdowns
11:58 Monero Tech
15:14 XMR Tokenomics
18:45 Remaining Ideas
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⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
► Monero Web site:
► Atomic Swaps Paper:
► Atomic Swaps Funding:
► Newest Monero Improve:
► IRS Award:
► DOJ Doc:
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📝 What’s Monero? 📝
Monero is a peer to look digital money. Nevertheless, it was designed particularly for privateness because it’s blockchain is totally hidden.
By way of using stealth addresses, customers are in a position to hold their distinctive Monero tackle whereas receiving inward transactions with a one-time public tackle.
Nevertheless, nobody else will be capable of see that the tip recipient of the fee is you due to using these stealth addresses.
You even have ring signatures. It is a mechanism the place every transaction could be signed by a set of different attainable signers.
👮♂️ DOJ Framework 👮♂️
Monero is clearly a risk to the DOJ. They not too long ago launched a doc which was mainly an summary of the DOJ’s considering on cryptocurrency and its potential for illicit use.
There was a number of data there however some of the evident admissions was the truth that the company considered using privateness cash resembling Monero as indicative of attainable prison conduct.
Over on the IRS, additionally they are eager to get a peek of what’s taking place on the Monero blockchain. This is likely one of the causes that they not too long ago launched a $625,000 bounty on any agency that might crack monero.
This isn’t actually as bearish for Monero. It is because it clearly is a risk to those businesses and the truth that they’re paying different firms to interrupt it reveals that they can’t break it.
📈 Change Dangers 📈
That DOJ Doc has made it fairly clear. Any change that chooses to checklist these must be sure that they will implement the right AML procedures on the cash coming onto the change.
This can’t be performed with Monero so it implies that these exchanges are more likely to have a tricky time. There are a variety of exchanges which have averted Monero due to this. Nevertheless, an excellent resolution may very well be atomic swaps.
With Monero Bitcoin Atomic Swaps, customers may simply change their cash with out the necessity for any form of centralised change. This can imply that liquidity on decentralised exchanges will nonetheless be attainable.
👊 Combating Centralisation 👊
Centralisation is a threat to any cryptocurrency community and Monero has taken the combat head on by forking the code and harming the flexibility for ASICS to mine XMR.
In November of final yr, they took their greatest step but as they moved to a CPU optimised mining algorithm referred to as “RandomX”. This was meant to fully neuter the impression of those ASIC machines.
Additionally they launched bulletproofs 2 years in the past which dramatically decreased the period of time that it took to finish transactions in addition to the fee for doing so.
📈 Value Potential 📈
Monero has been on an upward trajectory over the previous 3 weeks as onchain exercise has been choosing up. This may very well be some new optimism within the privateness coin as customers understand its anonymity advantages.
There are additionally favorable tokenomics with Monero in that there’s tail emission. It is a fixed block reward that might be 0.6 XMR. That is wanted with a purpose to be sure that miners are nonetheless incentivized to push blocks even as soon as they attain the tip of 2022.
That is higher than the case with Bitcoin the place the second that we have now reached the purpose when block rewards drop to zero, the miners have much less incentive to maintain the community alive.
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📜 Disclaimer 📜
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who isn’t a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any explicit consequence.
#Monero #XMR #crypto #privateness #blockchain #DOJ #bitcoin
Source: Coin Bureau
47 Responses
Glad you guys are liking the vid. Many have asked "What happens if they come after exchanges??". Well, as covered in the video, this is less of a concern if the Monero devs really can implement cross chain atomic swaps. This will mean an easy in and out from XMR <> BTC. Moreover, imagine if the authorities came out and made a law that all gold dealers had to full verify all the Gold that they were selling. Do you think it would kill the gold markets? Do you think Gold bugs would stop buying it? There are limits to what authorities can really do.
BTW, if you guys want to hear my daily thoughts on the crypto market then be sure to join my Telegram channel – https://t.me/cbinsider
NSA probably cracked it
XMR just showed up in my wallet 👀
is the site legit or not?
Thoughts on CipherTrace's patented XMR Tracer?
The US gobmint doesn't care if you deal drugs or support terrorism, but if you try get out of paying your tribute, they'll come at you like a honey badger.
most overlooked and under valued crypto on the market. Everything Bitcoin wishes it was. Monero has a very good future ahead. Stock up now people
They are goopy phase out physical cash eventually, monero will replace it for people needing or wanting to make payments privately
Monero needs to be legal…
At least Monero is safe to use :))
Good video
XMR will be for the free Internet
XLM for the New world Order
Plese cover Pirate chain
thx
i mean they r right if a priv coin isnt absolute heaven for a drugs dealer, or terrorist etc its not really a good priv coin is it….
How do I purchase it
In the longterm, Monero could reach Bitcoin price easily🚀
How about if you send it from Kyc to a wallet? Can it be traced?
Nuke levels of weapons grade autism.
We HAVE to push this. If it doesn't gain popularity, then we've dug our own grave with bitcoin
How possible is it to base a fiot currency off of a cryptocurrency ? Is it an unreasonable idea ?
A dolar note is NOT as the same as another dolar note. Each one of them have a serial number that can be traced.
Price prediction damn right! Monero went from $93 (oct/20 time of this video) to over $200 in february 21 and then in March it just doubled its value! But anyway, damn amazing technology Monero. I really can see "Monero" in the headlines in the years to come as the substitute for Bitcoin and really become the people's coin.
👍
pirate chain arrr is even more private!
love your vids. laughed so hard when you went " now lets look at the biggest monero wallets and… [black screen]"
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 !!!$$$$$
One of the best videos. I sold 1/2 my bag for $VRA. the digital advertising, Esport, video game, NFT. it got US patent. 25.55% APY staking. $VRA will be massive. The next of Theta for sure !!!$$$$$
I’m bullish on two coins. Monero an BTC the others are hodl plays for more BTC an monero. ETH needs to be cheap if it wants to be the world computer. An the other chains are all just platforms for apps an NFT like items or shuffling info. As for true currency plays. BTC an Monero only two that seem like they will work. Imo
5 months later. He was right. XMR sits at around 260
Wow! So clearly and succinctly explained. Very concise and the point.
Thanks for creating the video.
Bitcoin – цифровое золото.
Ethereum – суперкомпьютер.
Dash – валюта будущего.
Amazing job. Waiting for more tutorials
CB sensei, you are god. 6 months later, my moneros are spinning around 258$ each.
Monero is king 🤴
I love the Monero project. i think all the labeling of it being the escobar coin will die down just as it did with Bitcoin. One day we will see a world where your money really is in your wallet and you can spend it as you like.
grin and utopia are privacy coins
PIVX used to be in the top 10. It's not close to it's ATH either. It seems like a great project also.
Anyone use Cake Wallet; thoughts?
mannnn. it is 2021 and your price prediction came true. it is 220 dollars now. you are the Nostradamus of Crypto.
You're hear early. Its the true Crypto. Do your best to get as many as possible:)
hello. i have watched many of your videos, i have learned a lot. and i thank you very much for this. however, i wish you could skip the "intro" because it's annoying. it's far too long. i don't want to "wait" through it anymore. maybe you can reduce it or lose it altogether.
Do a video on Pirate Chain ARRR!! PLEASE
Pirate Chain (ARRR) is the most anonymous or private. It's still in it's infancy.
Love XMR too!
I'll just go on a decentralised exchanges and get some
Monero is the 'crypto' in cryptocurrency
Excellent video. Monero is the best money ever invented.