Monero

Why Monero?

Monero is a Cryptocurrency just like Bitcoin which focuses on privateness. Before leaping into why you might wish to think about using Monero, lets first discuss the advantages it shares in widespread with Bitcoin.

The first good thing about Bitcoin and Monero is that they take away the center man. Currently you have to ask a corporation permission to open a checking account and ship your cash to any individual else. With Bitcoin you create your personal account, and ship cash to anybody you wish to, and no one can cease you.

Another good thing about Bitcoin and Monero is that theyre common and worldwide. Both could be despatched to anybody on the planet with an web connection in a matter of minutes, once more without having anybodys permission. This helps create and help a worldwide free market.

Privacy is an enormous profit individuals declare Bitcoin brings to the desk, and it does if used accurately. However, the companies and governments of the world have organized themselves in a means which permits them to have a fairly good thought of whats happening and who owns how a lot Bitcoin. This is the place Monero is available in.

Monero is principally a clone of Bitcoin, however with some added options. First, it doesn’t permit anybody besides the proprietor to view an account steadiness. With Bitcoin that info is open for all to see. Secondly, Monero hides what account despatched how a lot to a different account from the general public. So Monero is actually Bitcoin with true privateness.

Also, because the controllers of the world try to tighten their grip on energy, increasingly more individuals will develop into involved about privateness. This will trigger the worth of Monero to go up because it turns into fascinating to a bigger group of individuals. In different phrases, it might be a superb funding alternative.

So thats, Why Monero? At least thats why I Monero! In the video model of this text beneath I additionally give a rundown on the three cryptocurrencies I spend money on, and the way I take advantage of them to purchase meals, clothes and survival gear.

Thanks for dropping by!

Cahlen Lee

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I’m most likely flawed about at the very least one factor I mentioned on this video. Please do your personal analysis earlier than placing this info into impact. Links could also be affiliate.

Please learn my Public Notice: https://cahlen.org/discover

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Why Monero?

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24 Comments

  1. The horrible part of it is i am buying bitcoin on exchanges that charges me a huge amount to transfer to my private wallet that i rather keep it in these exchanges.

  2. i love monero, its private and how all coins should be, the only thing i dont like about it is the unlimited supply

  3. Is there any technical reason as to why you think Bitcoin won't last long term? Can you elaborate on your bear case?

  4. Hi, if you're not offline and on the road, could you tell me what app you exchange your crypto for giftcards? Sounds good for the people with small pockets.

  5. happy new year
    I read that officials were talking about making a law to make people access their crypto by permission from them and state how much and where. But not law yet.

    What people need is food to make their own food.. The less expenses the richer one is.

  6. What wallet do you suggest for Monero? Also, if one was to buy Monero on like, Kraken, is it best to buy BTC first and then exchange it for Monero? Or just buy the Monero straight out?

  7. Government will only allow their own currency as legal tender, same as now. This video will be illegal in 10-15 years

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