Xen Crypto - On Pulsechain & Btcmyk

Welcome back to the channel. I hope the recording is coming through okay today. Testing the equipment out here to make sure everything is all right, but I want to get this video in this evening because, uh, because there's more stuff going on. And, uh, when the stuff happening, uh, we try to come a little bit more frequently. Uh, we don't generally do videos every day, but if there's stuff happening, we'll— we try to report as much as possible. Uh, and there is big news, as most people have seen. Uh, we've received word that the PulseChain launch is not only imminent, but they've given us a date of less than 7 days, right? So depending on how you want to take this, uh, when it comes to credibility of time, uh, the last time Richard Heart said something, uh, like, uh, uh, a week or two, that translated to about 2 years. So if we're measuring still on Richard Heart time, we could still be talking about a year from now, right? So, you know, wherever you place Richard Heart's credibility with those timetables is, that's totally up to you. But for the sake of the video, we're going to go under the assumption that it really is only going to, it's going to be out in this timeframe, right? Which is very, very, very, very soon, right? So the other thing is, you know, despite what some people might think, I was at the PulseChain sacrifices. I was one of the first projects to talk about Hex. I talked about Hex in 2018, right? Amass millions of Hex, right? And so on, right? And I sacrifice, uh, for PulseChain. And, uh, so, uh, there is benefit to me. But the difference, I think, with my channel as opposed to many of the other channels you watch is that they tend to only talk good about the places they hold their bags, right? Call me a fool, but I tend to still bring it to you how I see things, how it is, right? I believe that good projects rest on their own laurels, and they will work specifically because they are good projects, not because I hype them up. Anyhow, Um, so is this a good thing? So looking at the future of the PulseChain, right, uh, I don't know what the future holds for the PulseChain. Uh, you know, there's been many things that have happened, you know, things have been going on with PulseChain, whether it be in legalities or, uh, whether it be in, uh, you know, whatever the case may be. Um, SEC subpoenas and so on. So I don't know exactly what that means for the PulseChain. I don't know what's gonna happen with that, if anything is gonna happen at all. Only the future can tell that. But how we're looking at it now, when I look at something like XEN, which in the beginning I liked XEN, I still kind of like XEN, but it just would seem to me And maybe this is just, this might be a result of the speed in which XEN has launched and has gained this quick success. Maybe that success has become a lot to handle. But I don't know, it's something about these cryptocurrency saviors, whether it be Richard Heart or Jack Levin, is when it seems they've succeeded, for some reason they start to disappoint me. And so, you know, you know, You know, I had said many times that I thought XEM was doing many things well, but I thought launching on Ethereum was a mistake. The argument was launching on Ethereum helped to keep a price point, helped to sustain the value because you have to pay so much in transaction fees. Here's my pushback on the people who say that right now. We look at something like HEX and PulseChain. The one thing I will say about Richard Heart is that Richard Heart knew what he wanted to do. He knew what he wanted to be. He wanted to be a making money coin. He didn't have any nobility or high aspirations about, you know, being a project that relied on first principles or saved anything, anybody from anything, right? And, but, you know, and that had as many problems and shortcomings, but I just feel like the way XEM was presented it was presented as this mass proof of participation situation. And there are just things I see happening in the XEN ecosystem that I'm not a big fan of. You know, you know, from this, even like this Vampire token that's on Bitcoin, I'm not sure what that's doing. I don't think it's burning any XEN. You know, and it's just a lot going on, right? And the thing that needs to be going on the most, which is because if you present something as a participation project, what is the one thing you want to happen? You want accessibility, right? You want massive accessibility, most accessibility. And to have that, you need easy routes for people to get in. And yes, those easy routes oftentimes are going to be related to small fees or no fees at all. And the, the what you get back from that, the reason that you, you do something like that, even if you look at the original proof of participation token BitcoinMYK, which yes was the original, it predates Zen and we're not copycats of Zen. I founded this token years ago and it has seen great success, but it's, it's been slow, which is what I like, slow over time. But it knew what it wanted to be. Richard Heart projects know what they want to be. Sometimes I don't feel XEN knows what it wants to be, right? It wants to be a cryptocurrency holding certain amounts of value that only certain people are really going to benefit from. Then it wants to be the coin for everybody. And, uh, Good news is to all of this is with the launch of PulseChain within 7 days, as some would believe, uh, right, XEN is likely going to be on PulseChain. And what's the thing about PulseChain? And that is PulseChain is going to have very low fees, which means you're going to have an ecosystem like, uh, Pulse, which potentially, I'm assuming, it's probably going to have a fair amount of value running around it, hopefully billions of dollars. Providing liquidity or not. We don't know, but let's just assume that. So we're gonna have that and we're going to have Zen on there, right? So then the transact— the barrier of entries are gonna be gone, reduced, right? Now, of course, the yin to the yang in that is that If Jack Levin is correct, then that means that he could suffer a great deal of value loss in that so-called solution, uh, simply because it won't be anything to hold the value of Zen up, you know, if the idea is just related to the fees, right? Uh, if you're paying a lot less for Zen, people, uh, in that theory is going to value it less. And that could be true. I'm not saying that that's incorrect. I'm saying that when you decide you want to be a certain type of project, certain things come with the territory and you have to kind of work around those. So the great news is BitcoinNYK, our project, is going to be on there as well. And, uh, right, the way BitcoinNYK works, uh, is differently. It distributes something called the Citizens Dividend a month. You're going to receive it. It's going to adjust the supply value to equal up to, uh, over $1,000 per month for every user on the Inflation Token and in its ecosystem. There contains, uh, the Bitcoin NYK token, which functions like gold, and the Bitcoin NYK-backed dollar, which acts more like a usable daily cash, whether it be for merchants or using this as a currency in the ecosystem, right? So that's all going to be very interesting. So during the 4 BitcoinMYK will be on the PulseChain ecosystem, right? So not financial advice, but I think it's going to be one of the best performing tokens on the PulseChain, uh, because, uh, even though PulseChain is going to do this huge fork and all these projects are going to be on PulseChain, we still don't know how many dev teams are going to actually be, uh uh, uh, present on PulseChain, right, doing the work and, uh, creating, uh, better products. Uh, so we don't know that as of yet, but we do know BitcoinNYK is going to be there. Uh, and I think it's going to be a good opportunity for BitcoinNYK project to stand out. Uh, again, you know, being a first proof participation model I think it's just important to us that we incorporate Metcalfe's Law in a way to prove how useful it works. You know, this is a fact. This isn't some theory. We know that the larger your network becomes, the more valuable it becomes, right? That's why all social networks are worth billions upon billions of dollars. Dollars, right, going into trillions. Um, and, and so we know this, right? We have all the data. Uh, but if you create— and I'll tell you what the big problem in crypto is that we haven't been able to solve, many of us— if you create, uh, these barriers in cryptocurrency, whether they're intentional or not, Most cases, I would say they're not intentional. In some cases, they are intentional. But when you create these large barriers of entries, and some of these things are related to the wallet, some of them are, uh, just related to, uh, overdevelopment, right? Where you people generally— a developer's mind doesn't work like the average user of a platform, so they're just creating this stuff that's just so far out of whack with what the average person is going to use on a day-to-day basis or want to use. Uh, um, and then we can't seem to get around these chains that can't scale, that have— as they get more successful, they become, uh, ridiculously, uh, unusable through the fees, right? So it would seem that the best way to solve the problem would be to start there. And the reason we talk about Bitcoin and YKL is because of that, because it's on a chain can scale. It's on a system that encourages mass adoption and growth through the Citizens' Dividend, which is basically the users of the platform being supplied with token values of around over $1,000 per month. That's just for being members of the platform. And an idea, Metcalfe's Law, versus the value that's going out at some point should converge and there should be a stability in the currency, which is what you want. So the BitcoinNYK inflation token, you know, in the beginning, yes, it'll be a lot of volatility, it'll be a lot of gains, it'll probably be a lot of opportunity for speculators, but what will happen as time goes on is that those prices will start to come together, right? They will start to stabilize. And in doing so, then the citizen's dividend will be able to be provided. Get a situation like Bitcoin where Bitcoin can handle a lot of, uh, has a lot of liquidity on it. And so it has a lot of stability to absorb large transactions and such. So that's what the ideal, the, the short, the very short summary of how BitcoinNYK works. It's a lot more complicated than this, but I can tell you it's a very well thought out, uh, project. And I think will end up having to be the most decentralized cryptocurrency in history, right? Uh, even a great deal more so than Bitcoin, as Bitcoin— about 87% of Bitcoin is owned by only about 1% of the network. That's why you hear people like Elon Musk saying things like Dogecoin is better than Bitcoin. Uh, also people like Elon Musk would champion Bitcoin NYK, uh, more, as well as the founder of ChatGPT and, uh, Jeff Bezos and Google and many of these other big tech giants. And, and the reason being is because they're pushing the Citizens' Dividend Universal Basic Income to fight against job displacement, to fight against automation, things that we aren't— we're ill-prepared to handle. And Bitcoin MYK is designed to address those problems, right, as well as to address and balance many of the other issues in cryptocurrency. The sophistication and growing pains of cryptocurrency that has existed is going away, right? Uh, The days of jumping into meme coins, PepeCoin, you don't know what's going to happen, uh, hopping from meme coin to meme coin, going from casino to casino, those days are over, right? They're ending. Uh, PepeCoin just got hit with a, uh, you know, a lot of pushback from the Anti-Defamation League. Uh, they're saying that it's a racist project, that is a hate symbol as such, and, uh, the exchanges are pulling it. It's lost billions of dollars. Um, you know, I don't know if it'll sustain that, but you know, even when you take those particular reasons away that's hurting Pepe, at the end of the day, meme coins are created this way where they don't last and they go away. Uh, Dogecoin is probably one of the first of the meme coins that's going to be the last, uh, in a sense. That, you know, ever will have any real significant staying power, I believe. And so what we're gonna be left to fall on is projects like Bitcoin and YK that actually make the world a better place, actually solve problems and so on. And that's why we talk about it so much. And we can see many of you all are now becoming aware of it, although it's been around for years. That's okay because it's meant to be very, very slow. There's a huge problem in our economy and in our global economy and in the cryptocurrency space. It's a huge problem and we certainly don't expect to solve it overnight. It's going to take time, but we can see this being a multi-billion-dollar, trillion-dollar ecosystem, and that's going to leave a lot of opportunity for people, even though we're not designed to be a price-go-up cryptocurrency, we believe it is by default going to happen this way anyway, right? So very interesting. Uh, uh, you— I think you do yourself a disservice if you don't check out this project. Uh, it's absolutely free to participate in, but, uh, the reason you need to check it out is because how these NFTs and tokens are going to destroy Bitcoin, and they're going to fork that chain It's going to happen. They're never— people are never gonna let Bitcoin be spammed like that. That's not going to happen. You're gonna have another hard fork. And the thing is, the reason you guys need to be aware of projects like BitcoinMYK, because it is gonna reach a time where we're gonna have to grow up from the meme coins, right? That time's coming. Right? I mean, how ridiculous is it to hop in a coin every 2 weeks to hop out and play hot potato, right? So it's fun if you're a gambler, but the cryptocurrency blockchain technology is much more— it's much too valuable, much too important, it's much too much money in it to reduce it to a gambling casino or a game of hot potato. And I just want you guys to think about that for a moment. But that's all I want to say in this video, guys. Make sure you join BitcoinMYK today. If you have any questions, comments, concerns, feel free to leave them in the video. We'll be more than happy to answer them. Till next time, as always, take care of yourselves and each other.