Xen cryptocurrency jumped over 60%, demonstrating how free proof-of-participation tokens can generate value without traditional investment. The host created BitcoinMYK in 2018, which gained over 100,000%, and argues network effects and deflationary dynamics drive appreciation in free crypto, unlike failed projects like FTX and Luna.
Welcome back to the channel. I hope you all are having a great day. So this is going to be an exciting week for the Zen crypto community, right? Zen presently up over 60%. I want you all to just take a moment and think about, and I really want to drive this home, I want to drive this home, the idea that a free cryptocurrency is up over 60%, performing fantastic when many cryptocurrencies are paling in comparison. We want to dispel many of the basic supply and demand economics we've come to understand as changing in the scope of the type of economies we're producing in the 21st century. As to say that there are people who are still stuck in 20th century supply and demand economics, right? You know, there are people who, for all intents and purposes, come off as very intelligent people, but can't grasp a concept of a free cryptocurrency being able to create value. Whatever it is that you believe about economics, right? You are seeing that that isn't necessarily true, right? That in fact, in cryptocurrency, it's become very untrue. And this has been a, a theory I have long, uh, seen since the end of 2018 when I created the first proof of participation cryptocurrency, BitcoinMYK. Free cryptocurrency in every way that since 2018, large sums of money have come into, going up over 100,000%. And so I knew then, like I knew now, or like I know now, that these type of vehicles, free cryptocurrencies, can perform at levels like this. Now, here's the, the problem with what's happening in cryptocurrency. Or let's take this from a logical standpoint. Let's look at this from a logical standpoint. Standpoint. So Bitcoin now is at $16,000 and falling in price. And, uh, uh, it saw a high of, of about over $60,000 with many predictions that it was going to hit $250,000 to $1 million, right? So hindsight is 20/20. Bitcoin's continually way below $20,000, right? Price that it hit back in 2017. Whereas who knows where the price of Zen could go, this free cryptocurrency. This arena is a very unpredictable place to be in, and what you think you know about economics or markets can be quickly pushed out the window. These concepts I theorize on free cryptocurrencies that are to become quite valuable due to the idea of network effect, brand effect, uh, the idea of deflation versus large networks merging into products as the price becomes more or the product becomes more deflationary. and as more masses of people come in, as it is a free cryptocurrency, you began to see the wonders of what happens in that particular situation. We really have to think about what this means, especially when we're looking at, again, let's look at this from a logical standpoint. What are the alternative crypto investors doing, right? They're investing in FTX, right? They're investing in Luna. They were using the supply and demand economic ideas and theorems to believe in the idea that you have to put value into something for it to be valuable, right? And so what happened in, in most cases like that is despite those concepts, what's happened is many of these people, over 90% of them, have lost their money, right? Putting their hard-earned money and putting quite a bit of value into these products and then performing
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