 Today we're going to be taking a look at an answer to a very important question in the cryptocurrency world and it's a question that you're going to be asked by pretty much any normal person who doesn't really know a whole lot about cryptocurrency, doesn't know anything about it And that is what actually gives these cryptocurrencies any value beyond artificial scarcity that's just hard-coded into the protocols of the crypto This is actually something that someone was asking me about Bitcoin that I was talking to at the library Now with Bitcoin, I'm not really up to date on what the vision of that project is Last time I checked, I think the Maxis, the people that buy and hold Bitcoin were predicting that banks and other financial institutions were going to eventually switch to using Bitcoin as a store of value in their back ends So the slow transaction times and fees and stuff like that aren't actually going to matter, just store of value But like I said, I don't really know much about Bitcoin, I don't know anywhere near as much about it as I do Monero And Monero is solving the problem of intrinsic value in crypto by first solving the problems of currency itself So if we compare Monero to gold, Bitcoin, cash and credit cards, it outranks almost every other form of currency mankind has ever used for the past 10,000 years or so In every property that you would want to see in a currency like portability, divisibility and programmability, that's another property of currency That's nice to have that isn't listed here, that only crypto and digital fiat and other electronic payment systems support But Monero really puts a lot of effort into fungibility and being untraceable, which also adds to its censorship resistance along with its ASIC resistant mining algorithms The only weak spot that Monero really has here in this chart is the established history, which I actually think Monero could surpass Bitcoin on soon Because of the circular economy that is forming around Monero and the willingness of Monero holders to actually participate in this economy as opposed to Bitcoin or some other crypto holders So when I talk about a circular economy, I'm simply talking about people using Monero as a currency to pay for their goods and services whenever possible And if you're a business owner yourself, finding a way to accept Monero at your business as payment The fungibility of Monero is really what makes all of this possible You know when it comes to accepting crypto, the technical aspects of accepting Bitcoin at your business is really really easy And it's not really different than Monero, in fact Bitcoin might actually be a little bit easier for some functions like issuing refunds when you're a merchant But the lack of fungibility with Bitcoin means that anyone can see where you spend your Bitcoin at and they can track where those Bitcoins have been And they can track who is spending Bitcoin with you and what their Bitcoins have been used for I could easily plug in the wallets of Bitcoin customers that have used base.win and get a full history of their Bitcoin usage all the way back to the exchange that they bought their Bitcoin from But when people use Monero on base.win or any other site for that matter There's no way for the store owner or anyone else to tell the difference between a drug dealer's wallet or a Girl Scouts wallet It's all the same on the Monero blockchain So there's no issue with tainted XMR like we see with Bitcoin where you can get BTC that was used for some crime on the dark web And then when you go and try to sell it when you go to try to connect it to an exchange Your funds get seized your account could get frozen or it can just straight up get banned because they think that you're a dark web kingpan that's trying to cash out And speaking of cashing out you know it's one of the things that some people who started getting into cryptocurrency but especially the more privacy minded people who started getting into crypto They wonder how can you cash out without having to go through KYC because that's the case with pretty much every exchange that accepts fiat these days It's really really hard to cash out without giving someone your ID, giving your social security and all of that stuff But what's the point of cash? Okay, I mean why do you get cash? Do you just rub it on yourself in a bathtub or something like that? No, the whole point of getting cash is so that you can buy things, buy goods and services with it So we might as well just cut out the middleman and use Monero for goods and services That's the whole point of currency and that is where Monerica comes in So this is what I really want to show you guys because this is basically an index to the Monero circular economy or a directory for a Monero circular economy is what it calls itself And we see right here at the beginning of the site on the front page the goal of Monerica is to reflect the freedom ideals of the United States of America in the age of cryptocurrency by using Monero There are no borders to Monerica, one has the ability to transact freely and privately without the need for a bank account without the permissions of any third party And without the prying eyes of those who wish to control the thoughts and behaviors of others through surveillance and overreaching regulations And obviously I mean if you've ever heard of Monero you've probably heard of it in regards to the dark web and hidden services and stuff like that If you're trying to engage in unregulated commerce, illicit commerce, things like that, Monero ends up being pretty much the best currency available for that I would say it's even better than cash So the way that this site works is it's basically an index or directory of all different businesses that accept Monero And we've got in a note here that none of the provided links are endorsements But you do have these checkmarks next to some businesses and this is just where someone who's in the community which it's pretty open I mean there's no where to sign in on this or anything I think maybe you just have to leave an email to like leave reviews of a business But anyway, the checkmark indicates that someone has said that it's legit and an X indicates that someone in the community has indicated the business as a spam So let's see where you can spend your Monero right now So for accounting services, we've got accounting services and consulting located in Georgia, USA That's bare booking and tax LLC And let's see Yeah, so he mentions right here Monero accepted here on the footer of his site So yeah, this guy or I don't know, maybe someone else who works at this firm, I don't know how many people they have working at it But yeah, you can pay them in Monero for tax services and accounting services So artwork, this is something that's pretty common I mean you can see there's a bunch of different vendors for artwork that you can pay for in Monero So if you need to decorate a room, I mean this room I'm in is pretty empty but I'm probably going to end up getting some tools and stuff in it pretty soon I'm thinking of getting into refurbishing some electronics and selling them at base.win Which is also on this site, we'll get to that eventually, but anyway let's look at audio services So an audio engineering studio that offers mixing and mastering services for music podcasts and ADR services located in Bethlehem, Pennsylvania So here you go, if you are a dark web kingpin that has made millions of dollars trapping across the onion services And you want to go the route of so many kingpins and start making a rap album or some other kind of musical album You can go with projectnova.net or projectvona.net Pay them in your Monero that you earned and get started on your LP Automotives, can we buy a car with Monero? This is going to be crazy if we can buy a car with Monero This is atono.net, so it looks like they do vehicle servicing, vehicle repair, but for sale that's what I want to see Oh yeah, look at this, so we've got a 2011 Ford Transit T350M It's a dually guys, I mean this is a legit sneed truck I mean you can feed and sneed all at the same time with this bad boy, look at that Dually, really large bed space, how big is the bed? Let's see, it's a diesel I don't see where it says, but I mean this is a legit work truck So here's what I'm talking about with the Monero circular economy, right? Let's imagine some, you know Agriculture guy, some blue collar guy who sells his vegetables or his livestock Needs to buy a truck, he can buy this truck with Monero, then he can sell his livestock Or meet from his livestock in Monero So it looks like, okay let's click on Pay with Crypto, let's see how this works We accept any token that's listed on Binance including privacy tokens We are not required to carry out any specific level of KYC beyond that which we carry out for all customers Which is that we need a UK address and name to register as the new keeper of the vehicle Okay, so maybe this is going to be a little tricky to, you know, buy, I guess you got to be in the UK Or get some hook up and maybe get someone to smuggle Your untraceable Monero purchase duly into the States for you That would just be great, okay, so yeah, you could buy a car with Monero, you could buy a truck with Monero at least Cars shipped from the European Union, so let's see how this works Bit cars, this is some, okay, we got some fancy German cars and some fancy Italian cars here Let's see what we got, we want that Mercedes Benz Let's look at this Mercedes Benz And they got a Bitcoin price here, so let's see Okay, so you got to send an inquiry, but anyway, they've got a Bitcoin price It says here on Monerica that they accept Monero But even if they don't, you can use Atomic Swaps to turn your Monero into Bitcoin and then just purchase it that way Let's see, so blockchain services, of course Business directories, what are these? Crypt work Oh, so these are other indexes, I mean, I could probably make a bunch of videos about this stuff then The Monero circular economy, it looks like there's 1,435 merchants on Crypt work So, I mean, look, this is getting billed out guys The Monero circular economy is here Carpenters, alright, look at this Look at this, you can get carpentry work done I don't know if these guys ship overseas or whatever because this is in Stockholm, Sweden, okay But I mean, look, Swedish, the Swedish make good furniture, right? Isn't that what Ikea is? I mean, you know, it's good for what you're paying for it But he accepts Monero Here's his info, if you're interested, he's on proton mail, so he's at least got a somewhat decent private email Although I really recommend, especially if you're running a business to run your own email service It's not very expensive or difficult to do So there you go, carpentry furniture work It looks like this guy probably comes to your house and does custom stuff I don't know, but you can hire him with Monero Clothing, alright, so yeah, again, you're gonna get a bunch of this stuff where people make merch This is actually some pretty nice looking stuff I like this freedom shirt, Monero shirt Let's see $24.99, that's a pretty good price And it looks like this is more... Oh no, this is masks, okay, so this is like Halloween costumes and accessories So look guys, if you're looking to get a costume for Halloween, if you're gonna go on like a... Go to a party or any like haunted houses and stuff like that They've got it here at horrific, H-O-R-R-I-F-I-Q dot com And you can buy their products with Monero Counseling and therapy, okay, so here we go This is another perfect... This is a perfect application for Monero So, you know, if you need to get some counseling, that's something where you usually want to keep it very, very private Right, and there are laws in most countries where counselors, therapists, you know, whatever They have to keep discretion, right, whatever you talk about is between you and them But here's the thing, if you use a credit card to hire a therapist Your credit card company knows about that And whoever else they're sharing your data with know about that, insurance companies Your spouse, okay, if perhaps you need to go get some therapy for something That maybe you don't want your spouse or some other nosy person that's looking through your finances to know about Maybe you're a teenager that needs to get some counseling for something And you have a shared account with your parents Maybe you don't want them to know about it, they're not understanding or whatever You can use Monero to get the help that you need Online counseling, so it's going to be untraceable It looks like this one, you need to have an account for xmrpsychologist.com But anyway, for this counselingoffice.com, it looks like they accept Monero And let's see, Bitcoin or crypto transaction Yeah, here we go, Bitcoin, Ripple or Monero And you can get help with the problem you need, look, you could get I mean it's kind of dark, but you could get a drug addiction through the dark web by using Monero And then you can get help for that on counselingoffice.com And pay in Monero, just don't spend it all on cocaine Let's see what else we got, design services, so here we go If you need something to get designed Digital marketing agency that helps companies, you can pay them in Monero Digital goods and services, what is this? Accounts for WoW, OSRS Oh, okay, so like if you're trying to buy If you wanted to buy accounts for video games Keys for coins, I've heard of these guys before, so you can buy video game keys For Steam, Origin, Uplay, Xbox, PlayStation You can get your games with Monero, how much money do people spend on games? You can just pay for that in XMR, there's no reason to use Fiat The whole Steam, every transaction that's taking place on Steam That entire economy there could be running in XMR And what else do we have here? HushPix Yeah, so this is kind of interesting, I mean, I don't know who this is really for It kind of seems like one of those Chuck services, but hey, I mean, you know If you're the type of person that's working for Chuck, it's probably better to sell stuff for XMR on HushPix than on only fans Because then it's not being traced, you know, maybe you have a change of heart later in life And you want to no longer work for Chuck Well, if you were accepting payments in Fiat, there's going to be a paper trail of that Not with Monero DJs, you can hire a DJ in Monero Electricians, you can hire electricians in Monero, well at least in Stockholm, Sweden So there you go, if you're living in Stockholm, Sweden and you just bought a house You can hire a carpenter and an electrician to do your renovations and pay them in Monero Look at that, if you're a dark web kingpin and you're looking to move somewhere I guess Stockholm is the place to go to get your house renovated and you can buy a car Look at that, you're in the EU, buy yourself a fancy German car Let's see, food and drink, so this is great right here You've got, what are these, some type of energy bars This is actually kind of interesting, I might actually buy one of these Yeah, this looks cool, I'm gonna save this for later What other kind of foods do we have, so coffee, crew honey I'm guessing this is honey Yeah, look at that, so honey and beeswax Beeswax candles as well, that's great We've got more beeswax, we've got more coffee, more coffee Ooh, happy meats, okay, it looks like this is French right? No, location is in Switzerland, okay So if you're in Switzerland, you could be buying your meat And paying for it in Monero, right now What do we got, Helicon Brewing This is in Pennsylvania, what's this, beer? Oh, so it looks like this is also, I can't tell if this is Okay, food trucks Okay, so this is like an IRL vendor, I don't think they're online But they've got food trucks in the, what is it Oakdale, Pennsylvania area Food trucks and I don't know if they sell beer out of their food trucks I don't know how that works Oh, here you go, here's their location So yeah, they operate food trucks, they've got beer and they've got food You can pay them an XMR King of food, cheeses, sausages and cured meats, truffle sausages Pasta, oil, vinegar, all kinds of stuff And of course they're located in Italy So you know it's legit Kingoffood.com Does it mention if they ship to, yeah Ships to Europe for other countries' contact support So for you European shads that are watching this Who are rich in Monero, I mean, gosh What do you even have dollars for? Everything you need is being sold in the EU for XMR Real mad honey, yeah, you can get you some of that What's this, a Turkish baklava shop You gotta go through Cloudflare to use Okay Yeah, here you go You can get you some baklava Turkish baklava, are they actually in Turkey? Oh, what is this, contact owner on Matrix, okay So there, there You can contact them at Horixon On Monero.Social On Matrix, there you go Gambling services, of course You're gonna have some of that Going on in Monero So there's all kinds of different gambling services They're gardening Marijuana seeds, I mean, yeah That makes sense, that would be That they would accept XMR It's not legal in a lot of countries and places Unfortunately, gift cards So here you go This is basically a universal Use case from Monero here You can get gift cards To use at over 150,000 merchant locations In the United States Oh wait, it says they're offline for now Are they still offline? Cake pay? No, looks like they're back on So yeah, there you go You can get In coin cards, this is another one I've heard about Where They accept a bunch of different Currencies but like Consistently, month after month Or I think week after week They have a Twitter account Where they talk about percentages Of different currencies that are being used To buy gift cards It's overwhelmingly Monero Okay, I mean Monero is The cryptocurrency That's just, it is I mean, Bitcoin Maybe that's the store of value Ethereum and these other ones That can run smart contracts There's all kinds of other stuff That you can do with it But Monero is the currency That's just the way it's been going And it continues to go that way IT services You ain't too good with computers But you somehow got some Monero I don't know how that happens But hey, it happens Get you some IT services To keep your stuff secure Very important if you're Especially if you're going to have custody Of your Monero or any cryptocurrency For that matter Legal services Oh boy, that's important for a lot of Monero Users, right? Here you go, we've got Ronald Road Law Location is Texas And Florida We've got Jonathan Klee Kleiman Who's a business and small claims Court lawyer in Toronto, Canada And destination Freedom for freedom consultations Pay them all in Monero Locksmiths Oh, do you want Your house To be as secure As your Monero wallet I hire one of these guys Pay them an XMR Luxury goods Bit dials What's this about? Buy like a Okay, watches and jewelry All kinds of things Here you go, look If you're a dark web kingpin You gotta have some jewelry You gotta have some watches Here you go Don't be a fool And try to cash out All that Monero that you made On the hidden services And try to buy jewelry Buy the jewelry directly with Monero That way there's no trace What else we got? Marketplaces Here's base.win Oh baby And look how quickly Base.win loaded Compared to the other websites That's because base.win Is not loaded Despite using WordPress It's about as minimalistic as you can get With a WordPress site But yeah, we accept Monero We accept Ethereum We accept Bitcoin, Litecoin A bunch of other different cryptocurrencies But we give a 10% discount To the Monero users Because we just love Monero Chan so much For such big fans of Monero Chan At base.win Check it out today And thank you to whoever Had this registered You know, put this business on here And whoever Went in and verified their orders To get us the check mark on the site Really appreciate you guys And make sure you register any other businesses Put other businesses up on here You don't need to have an account on Monerica I think all they really ask Is that you just leave like an email address Or a Twitter or something like that So it's not completely anonymous reviews But yeah, there's other market places here 3D printers, developer boards At direct voltage LLC Are you an electrical engineer Who, um... Wait, what's going on here? This is a confusing website Okay, here you go Here's a product So you can get an electrical bike For, um... Yeah, a pedal-assist Bike for Thousand bucks And you can pay them in, uh... In Monero And what else do we got? Computer parts and accessories Located in Reno, Nevada And they're also using WooCommerce So that's good to see Oh man, they've got a BUNCH Of different accessories Man, this is what base.win Should be looking like I gotta improve my shop On the, um, electronics front They've got a lot of good stuff here At shop.privacy.io And what else do we got? Silver coconut Clothing, games, books And various products So look at that, it's, um... Oh, games and puzzles This is great This is actually kinda wholesome Rare books That you can buy with Monero This is great This is really great See, you can cancel Amazon I mean, you don't have to Buy books from Amazon anymore, guys All the rare books that you could ever Possibly want are available On SilverCoconut.com And they accept Monero How do I pay using Monero on Silver Coconut? Look at this, they got a guide right here They got a guide right here I should probably put something like this on base.win Cause I think some people get confused It's pretty much the same process That you have on base.win And yeah, they accept multiple cryptocurrencies They're probably using the same, um... Cause it kinda looks like it's a WordPress site, let's see Probably using the same processor Oh yeah, it's WordPress Yeah, so they're probably using the same PluginIM, which is my crypto checkout by the way It's very, very easy to create A e-commerce website Using open-source technology, by the way That, um... That accepts cryptocurrency, that accepts Monero Medical! I don't think there's actual medical services, is it now? So this is like... Essential oils, um... They got Kratom, Madaf... Madaf... Madafanyl I think that's how you say it, it's like some kind of Neutropic thing Um, pheromone sprays, look at that! Ooh boy So yeah, I mean, whew! Let's not spend too much time on this site I mean, look If you are a dark web kingpin rich in Monero Get you some jewelry, get you some pheromone spray And head on down to Chuck's Cause you know he accepts Monero Um, what else we got? Mushroom spores Rare and exotic mushroom spores, CBD All kinds of great stuff Monero merchandise, so if you want to show off Your, um, support for Monero in public They've got all kinds of stuff at Monero Merch Pets! We breed, I don't even know how to pronounce That Mexican dogs, if you're a Mexican kingpin In Monero, I mean, come on There's a couple of you out there Go get you a dog Go get you a dog with some Monero Go get you a phone or a SIM card With Monero Let's skip the Chuck stuff Postage services, so this is Um, let's see, pay for shipping with USPS Buy and print, postage, facetome And mail order anonymously So this is one of those middleman services, right? Everybody needs a shipping service If you're shipping online They accept Monero, so The economy is built out, okay? We've got the middleman services We've got the end users Lots of businesses, lots of services And of course more can be added Precious metals, oh! Oh, this is so important, so You can buy silver You can buy gold You can buy platinum You can buy palladium With Monero Let's see, currency Can we put XMR? Yeah, XMR Look at this Coins Silver Bars, gold bars I mean, come on You want to get some real Store of values? Buy some gold Buy some silver, buy some Metal You know, palladium, platinum, whatever With Monero And that way it's untraceable Because here's the thing, right? Yeah, so many people out here That are buying up gold They're buying up silver You know, waiting for a collapse, right? Waiting for an economic collapse Some kind of societal collapse Thinking that they're going to be Shaving off chunks of gold And stuff and paying for it Let me tell you something If that happens And you bought your gold With a credit card You bought your silver coins With a credit card I hope you also bought some brass That you've got those metals And they're going to come and try to find them But with Monero They have to, you know Come and find it, which is a little bit difficult to do A little bit more difficult to do With your credit cards Printing services Look at this Conveniently print your own designs In our online printing shop So look at this If you needed to get Some kind of, looks like these are maybe Calendars and just different, you know Brochures, stuff like that And you want to Have this service for your business Done Your business that hopefully accepts Monero You can pay them In your Monero That your customers are paying you So there's none of this nonsense If you're a business owner With having to switch into fiat And then pay your vendors No, there's vendors for businesses They're out here on Monero, Monerica.com Proxies Oh, okay So yeah, these are proxy stores So here you go, this is another situation where I mean, it's a bit of a middleman service But You can get anything off of I believe this is Amazon.com Right, select an item from Amazon And pay an XMR You can get any item from Amazon.com And you can get it delivered to a locker That's the way that they recommend for Preserving your anonymity a bit better You can get it sent to an Amazon locker So that you don't even have to give A non-shop.app Your address Or otherwise they can do a home delivery address But this is what I'm saying Anything off of Amazon There's no reason for you to convert Your cryptocurrency into fiat And then shop on Amazon Just go to a non-shop Pay them the XMR And then they'll send your Amazon order for you And You're going to get way better privacy Using a non-shop as a proxy to shop through Amazon versus going directly through Amazon And it looks like we've got a couple other Services that do this Well, not necessarily Amazon But Just people that order things for you From other stores XMR Recycling services In XMR Residencies Is this travel? Is this probably like a hotel room or something like that That you can pay for in XMR So you can take a trip to Paraguay, Uruguay, or Panama Cool Yeah, pay for your trip in XMR Technology All kinds of different hardware wallets And smart phones Translation services More travel Rent a room in XMR Look at that book, a private jet Come on now So if you're a dark web kingpin Who bought your jewelry in XMR You bought your pheromone spray in XMR Okay And you got I don't think we went through an alcohol ordering service But anyway, you went to Chuck's Chuck accepts XMR and you picked up some gals At the club Go to TapJets if their website will ever actually load And here you go Bring the gals With you On an XMR paid vacation To Paraguay And you don't ride coach You're a dark web kingpin You get a private jet through TapJets with Monero VPN companies You got like a dozen of them here You got like a dozen of them here Basically let's say you have an anonymous VPN service If you pay for it in XMR Weapons and self defense I mean come on Ammunition and various defensive products Okay, so look if you bought Some metals in XMR Right, you bought some gold You bought some silver You might also want to get some 556 Because what's the point If you don't have a way to protect it So there you go Get you some good old 556 And pay for it in XMR Web hosting services I mean if you want anonymous web hosting This is the way to do it Pay for it in XMR Then we've got all kinds of different Other communities so I want you guys to check this out Monerica.com If you run a business Go ahead and post it On Monerica If you run a business that accepts Monero Obviously that's the point Post it on Monerica So that you can start getting some more business Okay, if you've used any of these businesses before And they're not verified And they're legit, help them get verified If you're thinking of starting a business It's real easy to accept Monero At your business Put it on here and help contribute To the Monero circular economy You know I think that We could very easily get to The point with Monero And other cryptocurrencies Where we can really have just closed communities That are built around Monero I mean people have really been doing this for a long time If you've ever been to A big city like New York or Miami They have These neighborhoods with a lot of Orthodox Jewish people in it Or maybe they're not all Orthodox But you know, Jewish neighborhoods Where They only do business with one another They go to a Jewish deli They go to a Jewish tailor They go to a Jewish laundry service Jewish dry cleaning service Okay, and I mean granted They're using Fiat, they're using USD But all of that money Is basically staying within their own economy So we could be doing the same thing here With Monero Except it's so much easier To do what the Jews are doing Or what the Amish are doing The same thing too With just going to one another For their various business services We could do the same thing here with Monero But because it's a programmable currency Because it's a online currency We can actually have A global community That is surrounded by Monero So, go ahead And start participating in the Monero Circular economy today Peace