₿itcoin (BTC) vs Monero (XMR) [A Fair and Balanced Comparison] 💰🤝💰

In this video, we discuss the privacy and security trade-offs that are taken by ₿itcoin and Monero. Like ₿itcoin, Monero did not have a pre-mine, runs on proof of work, and has true credible monetary policy. Monero seems to have better privacy features than ₿itcoin, but ₿itcoin/Monero atomic swaps ensure that there is no reason to ever store your wealth in Monero. If you want XMR privacy but BTC appreciation, buy Monero then swap it for ₿itcoin using an app like Exodus.

Monero is more like a utility token that can be used for privacy and then swapped back out of.

While Monero is a really interesting project, I have my doubts that the token will ultimately be as useful or that it will accrue as much value as ₿itcoin. In fact, the fact that there is no limit to how many Monero can be mined was done to prevent the scarcity and hording ₿itcoin is known for.

Meanwhile, ₿itcoin privacy solutions will continue to be built on Layer 2 and Layer 3, with the base layer remaining pseudonymous.

There are trade-offs that Monero makes in order to achieve better privacy at the protocol level.

Cryptographic innovations like ring signatures are quite cool, but contribute to huge blockchain bloat, and thus threaten decentralization, if Monero were ever to become widely used.

There is never a free lunch in engineering. You cannot simultaneously have high speed, decentralization, security, and full privacy. ₿itcoin chooses security and decentralization first, which allows privacy and speed to be built on higher layers like Layer 2 and 3.

Monero market cap:
https://coinmarketcap.com/currencies/monero/

My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/

Coinbase still has not listed Monero:
https://decrypt.co/36731/heres-why-coinbase-still-hasnt-listed-monero

Monero supply schedule:
http://monero.supply/

Monero's privacy features:
https://www.gemini.com/cryptopedia/monero-coin-xmr-crypto-privacy#section-moneros-privacy-features

Bitcoin/Monero atomic swaps:
https://www.getmonero.org/2021/08/20/atomic-swaps.html

Dark web now prefers Monero over Bitcoin?
https://www.newsbtc.com/news/bitcoin/why-the-dark-nets-most-active-market-ditched-bitcoin-for-monero/

Bitcoin reachable full node map:
https://bitnodes.io/

Challenging to run a Monero full node:
https://monero.stackexchange.com/questions/13570/what-is-the-current-monero-blockchain-size-in-gb

Many Monero people prefer to trust someone else's node:
https://docs.featherwallet.org/guides/first-start

Monero pruned nodes:
https://www.getmonero.org/resources/moneropedia/pruning.html

https://web.getmonero.org/2019/02/01/pruning.html

How big is Monero blockchain?
https://www.getmonero.org/get-started/faq/#anchor-block-size

Original Videos by Trader University: https://www.youtube.com/watch?v=lTngHRrGfPM & https://www.youtube.com/watch?v=MXKe6VA-DVM & https://www.youtube.com/watch?v=KlHcta0ks-g & https://www.youtube.com/watch?v=78FMbJUFJlk

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₿itcoin (BTC):
bc1q63xshh2c2u4tvc6jksl5crlhtp554qu0l4nn8j

₿itcoin Cash (BCH):
qqms8t79e6rk5z5djad360d38y9kkqnh7yfpxkkuy5

₿itcoin SV (BSV):
1F6oH8qkMjswViJSwq965gRivE3DqKuJKC

Litecoin (LTC):
LgxrUdjUxnmFGLtsAbh76C3aAm3dXAGDFV

Dogecoin (DOGE):
DGn5bkC9WM1E2oM79HWiYoVxE3rHuEGkoS

Ethereum Classic (ETC):
0xC03AEe5333D50a20810e1A7585D9BB3f77E0B773

Ethereum (ETH):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E

Shiba Inu (SHIB):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E

Chainlink (LINK):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E

Polygon (MATIC):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E

Ripple (XRP):
rwvGofsMZQMyqro9YPe7swpo6C6Kagpg2e

VeChain (VET):
0x6410f2e05fEF8169bd1A6935884B9D4D56D9017b