Download PDF Better than Bitcoin: Beginners Guide to investing in Monero Cryptocurrency, by Richard Monero
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Better than Bitcoin: Beginners Guide to investing in Monero Cryptocurrency, by Richard Monero
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Alternative currencies known as “coins” have received a lot of attention in the last few years, with the most well-known being Bitcoin. In the last 2 years there have been many such coins created for a diversity of purposes. Usability as a medium of exchange is one of the distinctive characteristics they have in common. These new coins are the brave new world for cryptographic currency (“cryptocurrency”, or even “crypto”), but are still in the early adoption phase.
Adoption is both a critical measure and a crucial means of success for a medium of exchange. Confidence in the liquidity and fungibility of a currency is a crucial factor enabling adoption. The US dollar, for example, has wide spread adoption. Many worldwide markets transact with it. Consequently, governments and banks around the world keep US dollar reserves. Since World War II it has taken the place of the dominant global reserve currency. The US dollar has popular confidence, because the US government promises never to default on their debts. This promise is respected in part because it is easy to keep, as the US government can always issue more currency to pay those debts, since the dollar has not been backed by gold (a commodity with stable and finite supply) since 1971. The US Dollar is also seen as a store of value, and typically maintains relative price stability compared to other currencies.
The example of the US Dollar illustrates what people what to see in a stable currency. This guide looks into one particular new crypto currency from this list of coins, and gives the investment case for investing in Monero (coin ticker symbol: XMR). We will consider how it may gain adoption, widespread confidence and become a store of value, potentially ultimately overtaking Bitcoin.
- Sales Rank: #152318 in eBooks
- Published on: 2015-09-14
- Released on: 2015-09-14
- Format: Kindle eBook
Most helpful customer reviews
0 of 0 people found the following review helpful.
Good Knowledge About A Great Alternative to Bitcoin
By L. Miller
I have invested in Monero for over a year and I am glad to see more attention being brought to it.
Check out Monero if you haven't.
0 of 0 people found the following review helpful.
Good review of currency and basic trading techniques
By Sew N Vac
Nice to see a book about something besides Bitcoin, I believe it to be well thought out and recommend you buy it.
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