 Hey guys, it's MJ the student's act tree and in this video. I want to look at crypto currencies I've been learning a lot about the blockchain and Bitcoin and I feel it's saying that Actries are going to be playing a big role in in the future So I thought what better way to start than by learning our ABCs of crypto currencies So starting off with a there was a coin called arsecoin. It's no longer available a tech magazine made it just for fun and 22,000 people actually engaged with it and mined it and used it So it was pretty pretty incredible, but it had no value attached to it and they did shut down the project Which was quite sad Early on in the alphabet, I mean we're gonna come across Bitcoin Bitcoin is like gold The crypto currencies. It's the main one. It's the one that started all the hype They're the big boys in the block Whereas compared to say clam No one really knows about clam. I mean, there's probably five people in the world You've ever heard of the cryptocurrency clam in for D. I mean, there's a bit of a little competition going on between Dash which used to be known as dark coin It's a very serious coin. It's taken It's increasing in value a lot of money's behind it whereas compared to Dogcoin which was started almost like a bit of a joke There was like there was millions and millions of dog coin people were using it to tip their friends on reddit and all these various things and They even sponsored a NASCAR However, dog coin has been in decline and Dash has been climbing up the charts For he we've got something called ether him where you get ether and This thing is growing very quickly. I think it's now second Although when I say that second it the value might drop tomorrow and might go down to fifth. So these things are very Volatile so don't quote me on them but as of making this video ether him is second and they allow people to create Programs and apps and smart contracts on their blockchain In exchange for paying ether and making the whole thing work very very exciting Then there's something else called feather coin Don't know much about it. I think it was started in England It has started coming down though in the ranks compared to the others an Interesting coin is the grid coin. This is where you Because all these cryptocurrencies need to be in mind either by solving hash puzzles or all this type of stuff That's where the crypto part comes in grid coin uses your computer or uses computing power to do Scientific research and academia and all that type of stuff. So it might become the coin of universities for H we've got the hunter coin and very not not very well known this coin But it is a coin that you can mine as a human So you play this game where you run around and you collect coins instead of using a Hardware like you usually do for other other currencies Then there's something called index coin. I mean I could have gone with infinity coin But I wanted to speak a little bit about index coin. It's more of a philosophy that people Have got a psychological problem with the fact that there's only going to be 21 million Bitcoin and So index coin will work on the Bitcoin and its value will continuously increase so people don't don't see deflation with the currency With Jay, it was very hard to find a coin that started with Jay But I did find that there was a humorous project where they wanted to call it Jesus coin I think was made as a joke. They'd never actually got to setting up a blockchain there were a few other ones with the other religions, but Let's let's stay away from religion not get it not offend anyone I mean with the letter K. I could not find a Cryptocurrency that starts with K. So if you know of one, please let me know in the comment section below for all you have a thing called light coin and For a long time. This was second on the on the charts It's known as the silver of cryptocurrency. However, it has been dropping. I think it's now in fourth place But like I said volatile it could go back to second and What happened was it forked from Bitcoin Another currency that's just gone through a bit of a fork is something called Monero. It's getting a lot of hype at the moment With forks you get a soft fork where they just do a little minor change and people just upgrade the software And then you get a hard fork where it's almost like a whole new currency or If you don't update your your software you get left behind Don't know too much about it though, but that is Monero So that's been in the news a lot of people talking about it for end There's a coin called the next coin. This one again is a very serious coin a lot of technologies behind it and People may feel like this could be a proper alternative to Bitcoin sense that the technology behind it is very sophisticated Then for oh, I just went with Omni coin. No really fun facts about Omni coin This one's quite a fun one This one's called prime coin and prime coin the the mining process is not just solving random puzzles It's finding prime numbers. So every time you find a prime number you get some prime coins And I think they actually like breaking world records in the amount of prime numbers found so Yay for maths Then we've got something called the quark quark coin quark quark coin. How do you know you pronounce that? Fun thing about this coin is that you can mine it on a regular Computer in fact you can only mine it on a regular computer according to their their website and what's great about this it means you and me can actually mine it without getting blown out of the water by guys who go and buy specific machines just to mine Bitcoin So if you keen to start mining maybe have a look at quark quark coin Then there's something called red coin red coin wants to be the social currency So on Facebook and Twitter and all of those things This is the currency that instead of just giving someone a like to boost their ego You give them a red coin, you know boost their boost their finances Then there's this one's quite interesting this one's called staunch and Unlike giving up your processing power on your computer to to get this currency for staunch you give up unwanted hard drive space or free hard drive space and In return you get staunch coins, which you can then use to Put other stuff on the cloud although it's kind of weird. I mean if I've got a lot of space on my computer I don't really need the cloud, but I guess maybe for making backups or something like that But that is staunch very interesting very different Then there's one called tit coin and it's doing incredibly well It's not a joke currency how like I first thought it was It's used by the porn industry a lot of people are using it because these crypto currencies have that you know anonymous feature to them People don't want you know porn websites coming up in the credit card bills So they buy the tit coin although that's gonna come up on the credit card details Anyway, but anyway, they use this now to purchase porn and and all those type of things Then we've got something called You know bin to them you've been to them You know you know baiting it's you can see it. They've made it really difficult Name so it's probably not gonna catch on but how they want this coin to work is they want to make it the rarest Crypto currency out there so I mean every time you solve a block on this blockchain you're gonna be getting a mere fraction of a Let's just call it a you-know coin because that's a really really weird word to say But they want to be the rarest. They've got quite a cool website quite a cool philosophy Go check them out. They're all like yay science Then there's something called vcash. I check the website kind of boring, but you know, we need a saying for little V Then there's something called world coin. What's cool about world coin is Okay, look their value has decreased drastically. They were quite big But then they got smashed for some reason But what's nice is that they they did fund or crowdfunded a project in Kenya where they built worlds and and helped local communities there So so good for you world coin. That's great news Then another word, I don't know how to say exorum ex ex room It's for the the letter X in our cryptocurrency alphabet and the whole idea behind this one is that it's based on the gold exchange I don't really know exactly how it worked, but check it that website. I mean that is so That's so 90s. So I thought I'd say to show you guys a picture of it Then we've just got two more to go. We've got the what YB coin. I don't know if that's how you supposed to pronounce it As you can see it resembles Chinese currency, you know Chinese currency, I think I've got that little like hole in the money and This is your one of the biggest crypto currencies in China at the moment and Then finally you've got something called the zero coin and the zero coin kind of it's like an add-on the bitcoin blockchain And it's supposed to give you more Being more anonymous on the on the web But y'all that is the a to z Yeah, we say z not z in South Africa the a to z of crypto currencies and I hope you enjoyed this video I mean, I'm gonna be making a few more videos on the blockchain and Bitcoin So subscribe because in the series, I'm gonna be showing you guys my attempt to mine a bitcoin on a Mac and Yeah, I almost overheat the poor thing But I'll put that video up and then I also want to make some videos where I explain that maybe Instead of like mining just random hash puzzles Maybe the mining power can be used to solve or run actuarial models You guys know we have Monte Carlo simulations where you need to run a model say 100,000 times in order to get that stochastic element why not use the mining power of the world that could be quite a cool use What's also I want to make a few videos on is how will insurance be impacted Using blockchain. So just how remember when we spoke about storage There were some people who needed extra space and they would pay the other people who had the extra space on their computer Think of that idea. But instead of hard drive space, it's capital So people who have free capital just lying around they put that on the blockchain That creates the reserve and then people who need insurance Pay a premium and then they have access to that reserve if anything goes wrong, but I'll make a whole video about that As you can see on my channel, I've also been making some videos on that financing model So far I've got just the self financing and the loan the equity and Securitization is going to be coming up soon and in that video. We'll be looking at how you can Almost just make money out of thin air through Securitization and the blockchain we call it crystallization and it's a lot of fun and then finally I mean a little pet project of mine is to create my own cryptocurrency, I'll call it the NIM coin and It's going to be super cool What you're going to do is you're going to be mining for eight separate coins and when you have each of those coins you can combine them together to form the NIM coin and This is going to this coin is going to help you do research and study and and do all that various type of stuff But like I said, I'll make a whole video explaining it. I still need to think it through But job blockchain. It's a lot of fun. So start learning about it now I mean Princeton University has got a great textbook introducing Bitcoin. So go into that website and download it But otherwise subscribe and check out the rest of my Bitcoin diaries. Thanks guys so much for watching. Cheers