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Monero (XMR) - The ultimate privacy coin or protection against tyranny!? - Part 3


In the previous posts, part 1 and part 2, we discovered some connections that could be or not, related to Satoshi and we also put together some dots in Monero's history.

But what makes Monero so special?

As probably you already know, or not yet, the XMR is the only private coin that you can create it by NOT PURCHASING IT WITH A FIAT CURRENCY LIKE MAJORITY OF THEM DO, yes that is absolutely correct! Put your own computer to work and you will have a small amount of this coin. It is also true that mining with only one computer will not make you rich, for now, but YOU DO HAVE FREEDOM OF CREATION which it becomes rare these days. What is Not true is that, mining it and utilizing it makes you a criminal. This is absolutely BS and you should never trust a person saying such a thing because that person literally does not understand the meaning of money!

So, what exactly is money? There are many websites where you can read about money, some of them they really understands what money are but many don't. If you would like to understand in-deep here is the documentary from Mike Maloney (I suggest for you to watch all 10 episodes):

Mike Maloney and others like Peter Schiff promotes GOLD as being the real money, but between the two of them, only Mike promotes also Bitcoin because he truly understands what a currency means and what money means.

It is absolutely crucial for you my friends, to understand the differences between these two fundamentals because your freedom and you children and family's freedom, might depend on that in the not so distant future! 

Do not worry, I will not put that BS disclaimer "not financial adviser" crap, because this is only an educational content, and you are smart enough to use your own judgement when it comes to discern what is right and what is wrong!

NOW, what makes money to be, well, money? 

It's that freedom we were talking about above. If you find let's say gold on the ground, most probably will be a raw material, an alloy combination of different metals and non metals. That "gold" is not money, not yet. If you find a way to extract the gold and purify it, that gold now has value. Why? Because of the work you put into it and other resources to extract the gold from the alloy nugget. Still even the simple fact that you found it still gives the gold nugget the property of a medium of exchange because it contains that unique metal, GOLD.

MONERO also has that unique property, you can mine it through Proof of Work, BY YOURSELF! Bitcoin and Ethereum had those properties, but now they were taken from your freedom to create them, which means that you are entrapped into this currency system. Don't get me wrong here, I am not against BTC or ETH, I do consider them a far better form of digital currency then any fiat currencies we have today, but because you do not have a possibility to make that money through PoW (Proof of Work) algorithm, you cannot be free what so ever.

In the past you could find Gold, let's say, relatively easy, but now you definitely need to go deep into the ground to find it. The same thing is with Monero.

Gold became scarce but definitely does not have a finite supply because well, you can still mine it, the same thing is with Monero, it has a tail emission of 0.6 Monero per block. What does this means?

Money and/currencies if have a finite supply will become so scarce that people will kill each other to have them, so in order to prevent such a thing, a tail emission (or continuation of mining it, like in the case of gold) will still supply the world with necessary liquidity, therefore people will live relatively easy lives. This does NOT mean that criminals will not continue to steal wealth.

A criminal will always be a criminal, unless that opportunity to be one is taken from them. What is this opportunity you might ask, I do not know, yet, but I believe that creation of your own money without being forced or stopped to do so, might be the solution and by doing this sooner or later, the criminality might be reduced or even eradicated in the future. 

Your work is the outmost valueable asset you posses! ALWAYS REMEMBER THAT! The moment you stop to have it, you will become a slave! Fiat is a currency system (not falsely claimed by the bankers, to be a monetary system), has a Ponzi like scheme, a loop trap if I could describe it this way, that keeps you and your family into a never ending cycle of modern slavery.

Monero gives you freedom through proof of work by an unique mining with your own Computer through a CPU hashing algorithm, at home. 

Just think of it, what a machine have? ONE core processor. What an ASSIC have? ONE core processor as well. What all computers can have and ASSICs must have? Multiple GPUs (Graphic Processor Unit). This means that in order to have a freedom of creation and to be be fairly distributed a currency network must be decentralized by individual mining, in four words, Central Processing Unit Mining or simple CPU Mining.

Bitcoin and Ethereum lost, or more exactly has been taken from you, the freedom to create coins by introducing ASSICs in the case of Bitcoin and PoS (Proof of Stake) in the case of Ethereum.

All the nonsensical ESG scam, made ETH to become a Crypto-Fiat Currency, sorry do disappoint you guys but this is the reality. Bitcoin still is THE CRYPTO, because of it's unique properties and being the first to exist, but not for long. How long BTC will still be The Crypto? It only depends on miners, the more centralised the mining will become the "less crypto" BTC will be.


Now, does Monero, is less unique? On the contrary. Here are the unique properties of Monero and fundamentals:

And a few of my own principles in understanding what cash, currency and money's are, in correlation with Monero:

1) XMR as a crypto, can be mined by everyone with one or more computers, this includes corporations as well. The fact that a corporation can mine more XMR does mean that it can have more by simply gaining more machines and winning the Blocks through a higher hashing rate. Community Pools makes the difference. 

2) XMR is private, your money = your freedom of creation = freedom of choice = freedom of payment without interference of a third party. This privacy is valid for criminals as well, but that does not make you a financial criminal by not wanting anyone to know what you are buying. Your privacy IS your freedom of choice.

3) XMR can be created and used by anyone, ordinary people and companies/corporations and criminals all together.
A CURRENCY TO BE USED AS MONEY DOES NOT HAVE FEELINGS OR DISCRIMINATION TOWARDS ANY HUMAN! Yes, Even criminals, can be discriminated. This DOES NOT mean that I am defending Financial Criminals like SBF or any Murderers, Rapists, Child molesters, etc etc! Absolutely not! A criminal is a criminal and he should be kept accountable!
Creating your own money does not make you a criminal, forcing others to use your money makes you a criminal!
In contrast,
Fiat is a criminal currency because it is enforced by the Government and non-Governmental Institutions (aka FED, Banks etc) and it's financial agencies (akaIMF, IBS, FATF etc).

4) XMR is open source and anyone and everywhere can verify it's source code. If accepted by the cypher-punk community you can also add your own knowledge to the development of this awesome payment network. This does not mean that Monero community mislead you in believing that you "create sound money", ok VB? Misleading others could be found as criminal behavior activity by some authorities... unless... well..., authorities join you in developing new forms of enslavement systems (aka FTX and others).

5) XMR is not a closed system that is entrapping you into it by forcing you to get coins from others through a purchasing inaccuracy. What do i mean by this? Just think of it for a moment:

- Let's say you create a system that gives everyone freedom to create money/currency,

- Then you take that ability by changing the working system, into a Into a staking system (staking means that those who already have coins can decide the future of the blockchain).

- Those who got something will always be rich, those who got nothing before the transition but wants to get in, must give some coins from those who already have the coins (this is form of wealth transfer, it does not matter what kind of wealth it is). What the rich in coins lose? Literally nothing! Actually they are taking the wealth away from you!

- If you create your own coins, that freedom is kept by you and future generations and not only that but wealth is preserved and could sooner or later makes you and your family, prosperous!

Having said all of these principles, what do you guys think, are they wrong or correct?

Peace!

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AcVerdant
AcVerdant

Crypto Miner and Investor, YouTube content creator and Blogger. In my YouTube channel I have several videos explaining in detail: How To mine, Video cards reviews and mining tests etc: https://www.youtube.com/channel/UC7iL9nsQQ7GF9JHpllnLqxA/about


PoW vs PoS vs Play-2-Earn vs everything else
PoW vs PoS vs Play-2-Earn vs everything else

The very first cryptocurrency created is the Bitcoin, the true concept for financial independence. The only problem in Satoshi's vision is that, he or them, did not predict how this new type of technology will evolve, from individual mining to corporation mining. Still PoW does indeed what is suppose to do: to give people an opportunity of creating their own coins by mining them and therefore to increase their family income. Nevertheless the PoS seems to be a consensus mechanism that flourish today

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