THE SECRETS OF CRYPTO REVEALED

The First Hidden Secret of Cryptocurrency

The first hidden secret of cryptocurrency is the understanding that the original intent behind Bitcoin was to create a better money system, with better features than the currencies presented by centralized systems like banks and governments. Bitcoin creator Satoshi Nakamoto wrote:

“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. “

Satoshi knew the world needed a better type of currency that could not be manipulated by anyone. A currency with which people would be free to trade between themselves. The real purpose of Satoshi’s invention is often missed, but the following quote encapsulates what the early Bitcoin movement was about:

“I don’t believe we shall ever have good money again before we take the thing out of the hands of government… all we can do is by some sly roundabout way introduce something they can’t stop.” –Friedrick A. Hayek, Economist and winner in 1974 Nobel Prize in Economic Sciences

Bitcoin has triumphed as the world’s first decentralized digital currency. It has been adopted and used by hackers, investors, deep web drug dealers, by banks, big corporations, and by people all over the world who wanted an easy way to store and transfer value. It has been adopted like any other traditional currency. Bitcoin is still in its infancy and continues to lead the way.

The Second Hidden Secret of Crypto

For how well Bitcoin has done, it is still not perfect. It works really well as a global ledger to transfer value, but it could face some challenges if it doesn’t adapt to become better money or currency.

The following image depicts how Bitcoin could already be susceptible to being guided to align with certain interest groups. 

The second secret of crypto is that better forms of digital money exist and continue to be developed. If a digital currency manages to fulfill all the requirements of a good money it will succeed in becoming the next reserve currency in the world. It will be an economic boom unlike anything the world has ever seen before!

Monero (XMR) could be such a coin. It is already years advanced technologically to be resistant to any sort of tampering or censorship. It is the only coin in the top 100 that has many of the features required to be good money.

There’s evidence that suggests that Satoshi Nakamoto is behind the original Monero algorithm. For example both authors of the whitepapers for Bitcoin and the original Monero algorithm (Nicolas van Saberhagen) use similar styles of writing. Both chose to remain completely anonymous. Both knew the importance of privacy.

Regardless of who created Monero, what is important is what the programming code can do. Monero is technologically better equipped to be the first world reserve digital money. Monero is also growing in usage all over the world. One can even book hotels and flights with it!

In Satoshi’s last post before he disappeared, he said “There’s more work to do…” He knew Bitcoin still needed improvements in various areas. From another forum post we can see that Satoshi wanted to continue to grow Bitcoin in different direction than what it is today, even add privacy. He went to great lengths to hide his identity.

Coincidentally adding privacy by default to a digital currency also adds another highly important property of a good money: FUNGIBILITY

The Third Secret…

FUNGIBILITY — a property of money where one unit of account is indistinguishable from another unit of account. If a currency like the dollar didn’t have fungibility, then each dollar would be valued differently and nobody would want to use dollars; your dollar would be valued differently than other dollars. Another example, an ounce of gold is fungible to another ounce of gold because they are exactly the same if melted down.

Only one coin offers fungibility, that is Monero (XMR)! All the other coins do not include fungibility at the protocol level. Not including fungibility is like not having any security while logging in to your bank or email address.

A car is not fungible because it’s not interchangeable with other cars. A bitcoin is not always interchangeable with other bitcoins. Gold and physical cash is fungible. Monero is fungible.

A Freedom Promoting Money System

Humanity has not had a good currency that supports individual freedoms in a long time. Governments and private banks always want to control currency because it gives them omnipotent power over their citizens and way of life. This has been the case for thousands of years.

People benefit when religion is not mandated by government because it gives everyone the freedom and courage to connect with God in their own way. In the same sense, having currencies and money separate from the hands of a private central bank or government would promote freedom for everyone. The world would benefit immensely if there were a currency that could not manipulated by anyone. A currency that insures fungibility like Monero does that really well.

What about Bitcoin? Doesn’t Bitcoin also promote freedom? Yes it does, but if it doesn’t implement things like fungibility it could be a tool used by governments to stifle any dissent of its citizens. In fact, there is already a multi-million dollar industry dedicated to tracking all Bitcoin transactions.

MORE SECRETS!

In the next section we will cover more secrets about specific cryptocurrencies that also include fungibility-by-default like Monero. These cryptocurrencies are so advanced they could easily create an evolution of worldwide economies. These cryptocurrencies are also prime to grow in value by thousands of percent!