Xen Crypto - Too Complicated?

Zen crypto has too many projects scattered across it, making it hard for newcomers to get started. The host sees BitcoinMYK as a potential simple entry point, and hopes the upcoming X1 blockchain in 2024 will consolidate things and cut through the confusion.
Chapters
Welcome back to the channel. I hope you're having a great weekend. So today we want to talk about Zen Crypto a bit. Is Zen just too complicated? We're going to talk about what I mean by that. So it's been different um, this different sentiment, uh, within the Zen community, in which some of it is, uh, related to, uh, you know, is Zen just going to be the, the forever down coin, right? We see it just bottoming out at the charts, on the charts. Um, you know, uh, is Zen, uh, going to be something we're going to be profitable in, uh, maybe after that 8-year period? Is the 8-year period just too lengthy, too long in cryptocurrency for anybody to hold on? That's a very long time. And so these are all things I think that come to mind, uh, when we think about Zen. But in particular today, I just want to look into Some of the commentary I've heard and some of the community members or interested persons in Zen, as I've heard them speak about, it's just too many projects. You got the ZenFTs, you got the, the, what is the, the EVMs, you got the, you know, the, the various burn projects that are launching, right? You just got a plethora of things, right? Um, and where do you go? What do you stay in? Why is there so much stuff going on? It's just too much stuff going on to focus on any particular thing. And of course that can make it difficult as well. New people trying to sync, use Ethereum Lite wallet, something I think has, uh, always been a problem since the beginning of of projects in cryptocurrency. And that's why I have always kind of liked the platforms, like whether it be something like Hive or certain applications on Bitcoin Cash as such, mainly because these projects were easy for anybody to use, right? Um, so let's take a look at that. Yes. Uh, these can be hindrances and great hindrance into the XEN ecosystem. And, uh, I would hope that something could be created that would be easy for people to use and interesting at the same time, application-wise. And that's proven to be difficult, um, in cryptocurrency as a whole. And I think in particular with Zen. All right, um, so looking here on BitcoinMYK, uh, uh, as I'm looking at getting some of my news off of BitcoinMYK— if you don't know BitcoinMYK, it's kind of similar to, uh, Twitter meets your standard, uh, financial services type application, uh, and everybody in the network owns it, and everybody earns cryptocurrency every time they're doing something under using it. So it's probably one of the best distribution systems in cryptocurrency, and it's a very user-friendly interface, right? Now, in relation to Zen, the one thing that BitcoinMYK, we haven't got to do yet, and that is to burn. Like, if you want to, instead of collecting the token You know, it's on several exchanges, but instead of collecting the token, you could just burn it. You know, you can automatically just burn ZEN with it. But, you know, at this point in time, as we haven't taken that last step, which is something we'd like to do in the future, you can just sell it and purchase ZEN, and we greatly encourage that. ZEN's at a very affordable rate, and so if you're a member of the ZEN community, we encourage you to do that. Now, as I'm looking at some of my news here, we see Israel has declared war on Palestine. Of course, uh, when we're using applications like this to search for our news and find out what's going on or connect with the community, uh, this is the kind of news we want to see. So that's definitely a negative. But hopefully if you're using the BitcoinNYK app and you're cashing it out and you're buying Zen with it, um, hopefully you're finding the type of news articles and stories and making, uh, the type of, uh, contacts you want to make. Right, making friends. You earn on everything, and we invite you to subscribe to the channel. Make sure you hit that subscription button. It's very important because if you don't hit it, you obviously won't catch the tutorial videos, you won't catch the latest news on BitcoinMYK, what you can do with it, and using it to get more Zen, right? But at this stage in Zen, it's going to be quite difficult to really have the ease of use, the excitement, simply because I don't— since most of these applications are burn applications, and hopefully that'll change. I think it's one that's a game that I talked about on an earlier video that didn't get a lot of views, and so either people aren't aware of it or they're not using it. But You know, hopefully I was hoping that that might create some excitement, but because we don't have those things, it's actually kind of making it boring in the Zen community. And that's a problem when activity starts to go down, when prices go down, when excitement goes down, because you want to keep that going because that's going to keep your community growing, going to keep it strong, right? Now at this point in time in cryptocurrency, many projects are having trouble keeping prices up, keeping excitement going and such. We're no exception to it. But the one thing we do have, I think, that will resonate with many, many people is the easy user interface, uh, the fact that it is focused on things we do every day. You just come on here, get your news, make friends, uh, uh, send messages, uh, uh, also conduct all your financial services. It's set up where you can, you know, send money wherever you need to send it as such. Uh, it's kind of what, like, what Elon Musk would like to do. So you can see my balance here. You can see I could send anybody across the globe, cross-border, on the network using our cryptocurrency, right? Uh, I think the price is higher than Zen. Yeah, I'm sure it's higher than Zen. It's only a few decimals. I think it's about a tenth of a penny or something like that. So it's just a great deal higher, and so you can purchase a great deal of Zen with it just doing these activities you do every day, right? And so that's, that's very important. And maybe that kind of takes the, the boredom off of cryptocurrency at this point in time. We would like to integrate it directly into like the Zen ecosystem to burn Zen. We haven't done that yet. Maybe we'll get around to doing that. It is multi-chain, and so you can send the cryptocurrency off to several different chains, uh, but maybe in the future we'll get around to doing that. Unfortunately, at this time, yes, you will have to just sell it and, uh, buy Zen, uh, with it. Yeah, that is true. Um, but, uh, it will be a way to easily get access free to cryptocurrency that you can use to do that without using your own funds. All right, and that's always a good thing, right? So I think that's about all I want to say on this particular video. Um, you know, uh, I think going into, uh, 2024, don't know the exact time or date, uh, when X1 comes out, we get that, that blockchain going with XIN, uh, and all these, uh, platforms kind of come together with Zen, maybe all these projects kind of come together, uh, I think it's gonna be a lot less confusing for people. I think right now people are just kind of meh, they don't, you know, really care either way. And then you got some diehard Zen people, uh, who are probably gonna stick it out. Um, but it's gonna be all interesting to watch. Uh, I always like projects like Zen, so I will be one of those diehards who stick it out. But we do have to come to terms with— there's going to be a lot of people probably backing away from Zen, leaving Zen, forgetting about Zen. Not much activity based on the present activity. And so we should keep that in mind. But that's all I think I want to say in this video. I'm going to keep it under 10 minutes today, guys. As always, uh, take care of yourselves and each other. Join BitcoinMYK today so you can earn that free cryptocurrency, and you can go purchase Zen with it, right? A great deal of Zen. And it's very easy to use, very easy user interface. You earn the cryptocurrency on everything you do, right? Pretty much everything you do. Excuse me, guys. And that's pretty much, that's pretty much it. BitcoinMYK.com, you can join today. That's all I want to say in this video. Till next time, take care.
More from Michael

UBI - CIA Agent Explains Why Americans Will Never Get Universal Basic Income?










