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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:
https://pbs.twimg.com/media/E1l8L2dXMAExklv.jpg:large
Grin market cap:
https://coinmarketcap.com/currencies/grin/
Monero market cap:
https://coinmarketcap.com/currencies/monero/
Ethereum Is Banker Coin (Shocking Revelations):
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#bitcoin
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#monero
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35 Comments
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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
So what about a sidechains of Bitcoin? Rootstock's Sovryn?
Crypto is like the modern day Garbage Pale Kids. Absolutely worthless minus a few.
I think people do not realize that Bitcoin is the only escape from the fiat system. People only see it in financial terms, but do not see the human aspect. The true measure of one's work where it can not be manipulated or middle man involved.
Over 20 minutes long video Matthew must really frustrated to get comments from shitcoiners
There is no second best
Tnx
Why, if a crypto's value is directly correlated to its width of network acceptance, would one want to accumulate it in secret ? If you like a crypto, you should sing its praises from the rooftops. If you cannot understand this, you clearly do not understand cryptos.
🙂
I don't dm you teach. I respect your time. did you see the sol/btc trading pair? 🤣
I do like Solana even if it's shit.
Can you please do a video on Richard Heart and his thoughts on Bitcoin? He spreads sooo much FUD
Do you think it's irresponsible for people like Michael Saylor to say (in an interview) that he'd recommend taking a loan against your home to buy BTC? I don't take his statements seriously as financial advice, I know it's just to convey his enthusiasm over the fundamentals, but curious to hear your opinion.
All work and no play makes Jack a dull boy
All work and no play makes Jack a dull boy
All work and no play makes Jack a dull boy
Pirate chain is better than Monero
5 Stars for pulling it all together! Thanks.
The only thing I disagree with in this video is that bitcoin is boring 🥸
It’s like everyone is asking.
Which way to the way ahead. ?
And you all know the answer ….
Thank you Matt for another brilliant video ! I feel people underestimate the importance of btc being the only real digital store of value in a future that's hyperinflationary. Alt coins are speculative businesses raising cash of naive people without truly offering a stock where these people hv ownership of the company. When the bubble bursts these people hv nothing, the vc's/insiders run away with the $$ before the house of cards crumbles down.
This is the exact video I needed, thank you Matt a ton!
VG vid……
Thanks Matt
It's just not fair that you refuse to prop up the average pleb by giving him an attaboy on his recent purchase of his new favorite shitcoin.
What a great post the more people that understand this will be a POSITIVE for BITCOIN.
It's a little patronizing to keep hearing Bitcoin compared to something like Luna. It's no surprise that the market is irrational and the blow-up was damaging and sad, but it really is comparing the best to the worst.
Is there an ideal distribution of wealth with BTC?
Immediatelyhacker.techThanks to everyone out there for introducing the site to me you’re such a life saver to us I can’t stop appreciating his trustworthy in my life am sure many will have been helped and saved. Me and family are grateful to you once again Sir. Спасибо всем за то, что познакомили меня с майнером, вы так спасли нам жизнь, я не могу перестать ценить его доверие в моей жизни, я уверен, что многим он помог и спас. Я и моя семья еще раз благодарны вам, сэр
Excellent! Monero is a good contender.
XMR is the crypto of the future, it really is the perfect CURRENCY and probably the only crypto to be used as a currency today. I can’t wait until it takes over, I am sick of having to explain to people how exposed your finances are when you try to use bitcoin.
It's fun how you interact with these people. Their stories don't change. Remember Roger Ver trying to promote his BCH?
Excellent intake on this one my friend! keep up.
Matthew, could you shine a light on HEX? Richard Heart is anti bitcoin from the day he started his own HEX coin (on eth). Yes he wears a gucci jumpsuit and I think he is a huge ass.
Mrs Alice is legit and her method works like magic I keep on earning every single week with her new strategy
Mathew , you do great work. Many are scams. Hex? I watched an interview with Richard Heart, This was it . Aside from calling everyone idiots and he is right all of the time and Bitcoin is trash etc . I get he is provocative but there were some interesting points, along with a whopping ego. https://www.youtube.com/watch?v=QSouII4DtL8
All your videos are great Mathew but this one was particularly interesting to me. Comparing these altcoins characteristics to bitcoins, I found fascinating.
We don't want to bring in institutional investors, we want to replace them!