Xen Crypto - Comments Only Answered At Bitcoinmyk.com

Guys, welcome back to the channel. I hope you all are having a nice evening. So today what I wanted to do was, uh, um, I wanted to take some of you guys' comments left on some of the video content and answer some of your questions directly. Um, so what I'm doing different though is— well, there are a few reasons of doing this, but our, um, What we're doing is, uh, we're only going to be answering comments on BitcoinMYK.com, right? And, uh, as many of you all know who watch the channel, the BitcoinMYK Project, the first proof of participation model, but we encourage and we welcome all proof of participation models, and we look forward to, uh, them coming about and working with them. And that is because most proof of participation models aren't competitive systems with one another. And right, so I think that's a great thing. I feel like if one succeeds, we all succeed. But what we're doing here, what's gonna be a lot more efficient for me, I think, and that, you know, I'm doing work here on BitcoinMYK and working on that project, is answer many of you guys' comments basically over here. Now, I I would very much love it if you guys just left your comments over here and I'm going to show you the interface real quick. Uh, what's so great and interesting about this. So you can see the video that many of y'all commented on, uh, that we just put up like yesterday, right? But if you drop down under the video here on the BitcoinMYK site, you see comments that were on the video that they're now on the BitcoinMYK site, right? The comments for the videos, right? Uh, and basically we left them here so we can answer them here. And what's very interesting, um, about this is that, uh, when you answer comments over here, you get our cryptocurrency. It's actually part of the Proof of Participation model, and all of your comments and earnings go in a nice little wallet, right, where you can transfer your cryptocurrencies to several blockchains of your choice. I think this is an awesome system. I guess in comparing the Proof of Participation model that we're using, uh, what's interesting is instead of, you know, having to be smart with cryptocurrency wallets, with this, if you're smart with social media, you're basically able to participate in the system and earn our cryptocurrency, which is very interesting. Now what we want to get out clear in the open here is, um, As we've over the years tried to encourage people to come here, post your comments, or participate here, post your social media here, promote your own products. So only thing you need is one of our cryptocurrencies that you can earn just by logging in every day to promote anything you, you desire. What we want to make a correction on and inform y'all on is this idea that, because I was talking to this, this person who, he didn't want to join our site, uh, in the project. And I asked him, uh, what was the problem with it? You're getting the cryptocurrency free. What can we improve upon? What is it that you don't like about it? So he went on to talk about, well, when you log in to register an account, we're asking for an email address. Uh, if this is considered KYC, it's very low-level KYC. I think they, they consider some aspects of KYC if you require an email. But the only reason that we ask you for an email is so in case you lose your password, you're able to go through the email instructions and reset your password, right? The point he was trying to make was that he felt that this could be a data collection scam. But here's the thing, right? Most cryptocurrency projects, let's think about this. Data collection is gonna require billions of accounts, millions of accounts to even, you know, be considered seriously or or the system can make any money, right? So think about how many members your top cryptocurrency projects have. You know, we consider a good project maybe 4 or 5 million users, 3 million users or something like that. And there are only a handful of cryptocurrencies that are doing excess of 20, 30, 100 million accounts, right? So, so keep that in mind, right? If you're gonna use this for data collection, right? If we want to use this for— wouldn't that be like the stupidest a way to try to do that. It doesn't make any sense, right? So, uh, you can use a VPN, you can use a dummy email, we don't care. It's just a way you can reset your password. The other thing is you guys are on social media all day, every day, getting involved in the drama, uh, you know, uh, learning from YouTubers who a lot of them, uh, you probably new to crypto, don't know what they're talking about, uh, don't have an economics background or financial background, right? So, uh, with our system, you could be learning this stuff. You could be commenting on videos, you could be posting videos, you could be posting your own videos, you'd be posting your own thoughts and earning our cryptocurrency part of proof of participation model that, uh, has been around for years now. A fantastic product, one geared toward mass adoption. And the other great thing about it is we'll get into some of our comments here where I think XIN, I encourage the XIN project. I look at them as brothers in the proof of participation model, and any product that's giving away free cryptocurrencies and using proof of participation, we're going to uplift them and we're going to encourage them. But I will say this, whereas, as we'll answer in the comment section, some of the comments you guys have left, some people are saying things to the effect of, um, They're saying, they're saying things to the effect of, uh, well, Zen has this infinite supply and you're not going to be able to make any money. And that is incorrect, as we'll get into in the video. But here's the great thing about BitcoinMYK, this project here, that you can get an account in 30 seconds, absolutely 100% free. It is deflationary. Our cryptocurrency is deflationary, meaning it's a fixed supply. It's going to be about 4 times more deflationary than Bitcoin, meaning the total supply in the end is only gonna be about 5 million coins, right? So just let that sink in for a minute, right? If we can get some type of viral effect like XEN has gotten or HEX has gotten, right? With only 5 million coins, right? How much fun would that be, right? And let me be clear, the number of cryptocurrency doesn't necessarily mean anything. You gotta have network effects still, But there is a reality to that, that if you have network effect with only 21 million coins, with only 5 million coins, that what you're going to have in essence is probably a highly appreciative cryptocurrency. Think about that. Let that sink in a moment. Um, okay, we're going to get into the questions now. And again, make sure you join so you can participate over here, uh, because I won't be answering questions over on YouTube, right? And, uh, you know, YouTube is a product that's got investors in, and they have the right to run their platform however they wish. But as a reminder, in a space like cryptocurrency, keep in mind YouTube can ban your content, all your videos, all everything you do, uh, at a moment's notice. And over here, we're pro-cryptocurrency. We're not going to take your material down or content. We're not going to ban you unless the community, through a delegation process with everybody's vote counting, votes you out as a problem to the community. Uh, we're not going to have any of those problems. And if you're a content creator, uh, well, you're taking a big risk anyway with your content on YouTube. All you guys, Richard Hart, whoever. And that's why we always tell you, you Do not, you know, have a backup plan. Don't put all your eggs in one basket. YouTube could do whatever they want to your account, to you. So that's another reason you should be over here anyway. We shouldn't have to tell you that. You're earning our cryptocurrency free by doing something you do anyway, every day, all day online. And so guys, don't be lazy. It takes 30 seconds to get an account. Don't be lazy. There's no data collection. We don't have enough accounts to sell your data. Anybody, you know, uh, even if we have 4 or 5 million accounts, that's still nothing to sell data, right? The people who you're thinking about, these people have a billion accounts, 100 million, in excess of 100 million accounts going. So just let's just stop that, put that to the side. With that said, let's get into your comments. I'm going to answer those and give you an answer for, you know, all your comments, your posts. I'm going to try to Be as informative as possible, but I'm going to try to move quick because I don't want the video to run too long and I want to try to hit all you guys' comments, right? So let's go to the first comment. I've already liked the video, by the way. You like the video, you earn the cryptocurrency, uh, where you comment, you earn the cryptocurrency. Log in, you earn our cryptocurrency, which is very cool cryptocurrency. Subscribe to the channel, we're going to tell you about the price of it, its deflationary quality, how how much it's went to, or you can just search through our video content, uh, and find out what the prices have been, how you can get this money free. You're not getting free money on all these other crypto sites you're on, uh, you, uh, influencers you're looking at, right? Name your biggest crypto influencer that you commented on today. You didn't get anything. Why aren't you here commenting, getting something, right? It'll be more fun and so on and so forth. Anyway, Our first comment comes from Brownie. He's saying, and this is about the XIN project, um, well, the Chinese exchange bots now hold over 65% of XIN. That is getting close to what I call centralized. And unlike the HEX OA address that hasn't sold, I'm sure this one exchange will dump on everyone once it's profitable for them. Food for thought. And that comes from Brownie's Midlife Adventure. Thank you very much, Brownie, for the comment. Uh, um, I would give you some cryptocurrency, but you got to have an account first, in which then I could, I could send you some right here from the site. But so first I want to say, you say here 65% of Zen is already healed. By the Chinese exchange, right? And you're saying that's moving towards centralization, right? But you wouldn't call Bitcoin centralized, would you? Because we tend to think of Bitcoin as a decentralized, uh, cryptocurrency. But would it shock you to know that 87%, which is a great deal higher than the 65% that's controlled by this Chinese exchange, as you put it. Would it shock you that 87% of Bitcoin is owned and controlled by only 1% of the network? Right? Think about the centralization in that. Um, also you mentioned here the HEX origin address, right? That hasn't sold, right? That hasn't sold. In other words, what you're saying then is we're at the whim of the origin address to decide for whatever reason to sell or not to sell. Now, does that sound like decentralization to you? That, that decision could be made at any time for any reason. We could have a situation like the madness of King George where somebody just goes mad and then they go mad with that origin address, right? Uh, so, you know, that's not really the— that's not the definition of decentralization. Now, in contrast to that, Zen gets a great deal closer to that because with Zen, you know, first of all, these exchanges could be operating in there, you know, independently, right? Uh, and so the way Zen is composed, it makes it more difficult for one person to hold 90% of the, of the cryptocurrency, right? Because anybody could have got in, uh, with these wallets, right, minting all this Zen, uh, the last few days, right? So it, it was a pretty close to fair start. I won't say it was 100%. Nothing's gonna probably be that. Not even Bitcoin was that, but I mean, it's pretty good, right? All things considered. So let's move on to the, the next comment. Uh, hold on a second, guys. I think I might have went too far down, or did I? Something else going on here. I thought it was more comments than that. Okay. Oh, hold on. Gotta read more. I don't know. Hold on one second, guys. Okay, guys, seems like we're missing a lot of comments that haven't come over to BitcoinMYK yet. This is new technology, guys. So bear with us. So I think what I'm going to do, I'm going to go back to YouTube, read the rest of your comments there and answer them there. But I certainly want to, to get your comments over here on BitcoinMYK. Under the videos, what you will be able to do is just, if you just wait Uh, if you just wait to upload your, uh, to do your comments under the video, uh, then we can get you the cryptocurrency on the site. So you'll find it here on BitcoinMYK under the activity page, right? But let's get you over there to, um, to, uh, YouTube for now because I want to finish all you guys' comments, uh, try to get as many of the questions answered as possible. But just remember, um, to get the cryptocurrency to participate in make sure you get your answers, um, uh, questions answered or your comments replied to, to do it here on BitcoinMYK. As, because, uh, after we post, it will be available here on BitcoinMYK. All right, gang, back on YouTube. Let's try this again. So, uh, the next comment is from Earth Angels 369. Great video, family. I like both projects. I just feel as though there shouldn't be a dictator on anything like Bitcoin. Uh, thanks for your comment, Earth Angels. Um, yeah, I mean, uh, I think most of us in cryptocurrency, uh, you know, have, have agreed to, uh, cryptocurrency being uh, democratic. For example, like, a lot of people don't understand when you break down the idea of the term decentralization. What does it mean, decentralization? There are keywords in the definition, or most definitions of decentralization, and they go something like this, uh, to delegate. Delegation. What is a delegation? A delegation is generally some representation of, of a larger group done by a smaller group, right? That's delegating power away from a centralized authority, right? That's the idea of decentralization. You got to have the delegation. The, the, the, these this group that represents the masses of people, that takes the power from a central authority and creates a democratic presence, right? Meaning, you know, you're, you're representing the, the will of everybody else, right? The consensus mechanism, uh, you know, so you don't, so you don't have that, you know. Otherwise, we don't need to leave, uh, our standard currency system, right? Our standard economy, which, you know, typically has governments at high levels of, of, uh, centralization and so on, right? Okay, so let's get on down. Legnacino says, good information. Thank you, Legnacino. Just for that comment, you can earn some Bitcoin MYK cryptocurrency, which is valuable. And it's making money every day. Imagine that, getting paid just for two words. Join BitcoinMYK. Next we have Jimmy. Is Zen not massively flawed with the fact that it has an unlimited supply for the next 8 years? There's no reason to invest and hold when you, uh, can just mint for $5. Um, well, I, I think that they have, uh, addressed the idea of an unlimited supply. That, that is a, a misnomer. Like, unlimited supply is— that's not realistic. Uh, so there is a limited supply, right? You know, up to the 8 years, right? You won't be able to do that. But now when you speak about the gas fees, right, you just meant for $5. Well, look what's happened— what's happened to the gas fees over the last, you know, few days and, uh, what could happen to the gas fees on Ethereum into the future, right? So it is, you know, clear that gas fees are greatly associated with the price of ZEN, right? Also, you got to remember where people put their money and value. People are paying gas fees of probably upwards to $100 or something, $50, $100 to get ZEN. Cryptocurrency, right? So that right there means no matter what the market prices Zen at, there is, uh, already a market that's been set by the gas prices, the willingness of people to pay that much to get the Zen cryptocurrency. Um, now of course, as you did bring out, it's only up to 8 years, but you keep in mind, right, as it gets closer to that 8 years people are going to be minting so little Zen, it's probably not going to even be worth it to mint it. So, um, it's, um, it is inaccurate to say unlimited supply, right? There is a limited supply. Uh, myself, I'm not a big fan of inflation. I'd rather this be done with a supply, something like Bitcoin. That's why I like the Bitcoin MYK proof of Participation model better. I think it's a better interface for everybody, but this is what you guys have— are choosing right now. And, uh, again, my path is to support all Proof of Participation models that level the playing field to some degree. And even if you don't think it achieves that fully, it's still doing better than most of you— of the other cryptocurrencies out there as far as direction of where things I believe need to go to get us closer to decentralization and mass adoption. Uh, Ryan Torres gives us a great comment. Uh, you're out of your mind. Hex is here to stay. Hex is just getting started. What a great thing, Ryan, about BitcoinMYK and what we're doing with our project, uh, in relation to our publishing our content and so on and so forth, is that Even for a comment like that, you can earn our cryptocurrency, right? Um, maybe, Ryan, I guess we'll just have to see. We could be wrong, right? Uh, but just as much as we could be wrong, you could be wrong. Uh, also keep in mind that many cryptocurrency projects that, uh, were put on a pedestal to be the greatest thing since sliced bread You know, many of them aren't doing so great right now, right? So to say any cryptocurrency can't lose network effect, can't be knocked off the hill, you know, especially when new technologies are arising every day, new ideas, new ways to do things. And that's the problem with technology that takes too long to come out. If you look at something like the HEX ecosystem, Richard Heart working on the Pulse community, uh, there are time limits, right? Now he says that, uh, you know, he's not going to rush good technology, but in the, the reality of how the world works is that technology has a timetable, right? Uh, and this has been a problem for many people in the technology area, that releasing a project too late when other things have come up and people forgot about it can hurt that project a great deal, right? And again, this is undeniable. This is all technology technology. Uh, imagine if the Apple, uh, iPhone took another 30 years to come out, and, uh, how long would it be before somebody else came up with Apple product, right? So, uh, you know, Hex just getting started? I don't think so. I think Hex is on its way out. Uh, I think Hex is, um, and you know, that's why I only have 2,000 subscribers, guys, because I've chosen to say the things not like, you know, I know how the game works, right? I can get up here and I can say all the great positive things about you guys' products, where your money's at, make you feel all warm fuzzy inside, and I can get more subscribers, right? But I don't need the subscribers. What I need to do is tell people what reality is, right? And what I'm seeing is that HEX is probably going to end up, you know, being one of these products that are going to fizzle down a lot, not necessarily out, but it's the performance of how HEX was. I think, you know, those days are behind it. Not saying it can't have any spikes, Uh, I'm sure a lot of capital could come from somewhere, uh, with some influential people in it, but I don't think HEX any longer has the staying power to maneuver itself against the rise of the free cryptocurrencies. The rise of the free cryptocurrency is something I've been preaching for years now. I started one back in 2018, didn't catch fire, but I stuck with it because I know what's coming. And you're gonna just see more products like XIN pop up to the point this is going to be the, uh, precedent set and this is going to be the standard. Uh, anymore. So investing in HEX, I want to hurry up and get through here now. Oh, I got, well, I only got a few more. Okay. Uh, that's good because, uh, this video is running a little too long. So investing in HEX wasn't smart. His outrage marketing didn't work. And this is from Newborn. Uh, the OA never sold a coin. And let's be clear, XIN is going up against HEX. It's a reason why XIN was mainly promoted to the HEX community. So investing in HEX wasn't smart? No, I, I wouldn't say it wasn't smart. Uh, I would say it wasn't smart to sell at the top of HEX, right, when it did 10,000 gains. Like, if you're— if you've done a 10,000% gain, right, Uh, right, it's probably time to sell, you know. I don't know why you would want to do more than that, right? Even though it's probably a good idea to do more than that. Bitcoin did millions of percent returns, up to 6 million percent, but it also came back down. So the thing is, uh, you know, maybe 10,000% gains is— should be the, the, the profit-taking top, right? His outrage marketing didn't work. Um, I think it worked before the economy got horrible. Uh, I think he's setting himself up for— to be putting himself in a bad position now by doing outrage marketing in the worst— one of the worst economies in human history we're at now. Um, simply because people aren't going to resonate with that, you know, just, just, you know, Think about that for a moment, right? Well, most of the, the population, uh, is having a hard time in this economy. And, uh, to see a guy wasting tons of money, enough money that could probably feed his whole— I mean, communities at a time, uh, or it'll be used for something better than that. Um, is that— is that really drawing people in, right? Is that like the best kind of approach a marketing, Richard Hart can think about just getting a lot of people upset. Maybe, maybe, maybe because people do like nonsense, right? So I can't argue with that. It's probably worked up to this point, but it has to work to what end, right? And that what end, uh, is going to have to shape itself out, uh, and probably sooner than later. Uh, let's see. You also go to say the OA never sold a coin. Again, I think that's beyond the point though. Uh, you know, in decentralization, let me put it to you this way, right? Say you're like a billion-dollar investment fund, right? And you come up to— and you— and, uh, we have a board of directors, and, uh, uh, somebody, uh, says, votes to have us invest in HEX, right? And then, uh, well, we are going to vote. We're all going to vote on billions going to that, to HEX cryptocurrency. with other people's money, because remember, it's a fund. So we're controlling other people's money, right? And this is just an example, just to give you an idea of this thought process, right? So basically, we're taking other people's money and we could potentially be risking it on what could possibly be one guy deciding that, uh, he doesn't want to do this anymore. For whatever reason, he just want to burn the thing to the ground. Um, I know a lot of people say, oh, well, why would he do that? That would hurt his, you know, bottom line. It would make no sense for him to do that, right? Uh, nobody, nobody, uh, understands the human brain. Nobody can get into the brain of another person inside. Only thing we can do is secure ourselves to the point where we don't have to put ourselves in those scenarios. Right? I can't get in Richard Heart's brain. I can't understand why Richard Heart wears those ridiculous clothes like he wears. So, you know, I mean, come on, you know, that, that doesn't— that's not a vote of confidence for cryptocurrency. That's a vote of confidence for the direct opposite of cryptocurrency. There's a reason why XIN was mainly promoted to the Hex community. Well, here's the thing. But isn't it kind of smart that Zen was promoted to the Hex community? Maybe Zen was promoted to the Hex community knowing that you guys would jump on it, right? Because it, it, it would seem that it is designed almost especially for you all. It is the type of products you guys go after, right? Uh, you're not going after projects like Bitcoin and YK that's creating probably the best distribution economy in the world through universal basic income. That's using deflation to keep the price in safety levels and potentially raise value to people, right? Projects that can really help people a great deal. You guys aren't focused on that, but you're focused on these projects that, you know, you can mint and you can stake, which some people believe is just a way to get people to lock up their cryptocurrency and get people to provide liquidity, and that is just kind of this scammy way to get things done. Whether you agree with that or not, it, you know, is, you know, is not really what's important. But what's important is, uh, it worked because the type of project Zen is, is directly relatable to the HEX community. Uh, let's see what his reply was. Somebody replied. I don't— I think they replied to this person. Um, and I was just trying to get a look at that. That was a reply. Why can't I see it? Okay, I don't see it, so I don't know. Oh, here it is. Richard Heart, to save HEX, will be forced to burn the origin address Supply or will finish in jail with a failed project. Well, uh, I think that's what Jack Levine or Levin was saying, uh, when they thought that he called Richard Hart a scammer. I think in reality he was just saying that, responding to a question from Richard Hart, and that that's why they look at him as a scammer. He wasn't directly calling him a scammer himself, but he was saying that if you burn your way then it would no longer, you know, you wouldn't— his reputation would no longer be in question right now. As far as jailed and failed projects and such, well, I'm, you know, I'm not a lawyer, right? I did work on Wall Street for years. I have various licenses. Uh, I do understand securities law to some degree, uh, not fully, but, you know, I have some understanding of it. But the thing is, uh, You know, he would have to consult an attorney about those things. And, and, uh, again, Westcott Laurent, uh, uh, you can even earn our cryptocurrency on saying, on, on LOL, LOL, come on bro, stop, right? So I don't, you know, uh, I, I don't, I don't think Zen's gonna stop, you know, so I, you know, so I don't I don't really fully understand that comment, but it doesn't really matter. As long as you participate on BitcoinMYK, you can at least earn something valuable for that comment, right? Which is probably going to be more valuable than you posting on Twitter and many of these other social media sites. But that's all I want to say in this video, guys. I hope that's given you all some insight into my thoughts on your comments. Uh, again, I won't be responding to them directly in YouTube comment section. But leave them under. We'll be posting all our video content over on BitcoinNYK. Make sure you go over there and, and, and leave your comment over there. And if you're kind of lazy, like you don't want to, just copy and paste whatever comment you put on YouTube and stick it over there, and you can earn our cryptocurrency, right? Easy. So don't be lazy, guys. But that's all I want to say in this video. Till next time, as always, take care of yourselves and each other. Bye-bye.