1 00:00:00,850 --> 00:00:07,480 Now that we know what Montero is and why it's so anonymous in this lecture I want to talk about how 2 00:00:07,480 --> 00:00:10,840 we can by more narrow anonymously. 3 00:00:10,930 --> 00:00:16,960 Now this task was much more challenging when we were talking about bitcoin because as mentioned before 4 00:00:16,960 --> 00:00:21,430 bitcoins the ledger or the block chain is entirely public. 5 00:00:21,430 --> 00:00:28,270 Therefore if our identity is linked to an address any transaction sent to and from this address will 6 00:00:28,270 --> 00:00:30,940 be linked to our identity. 7 00:00:30,990 --> 00:00:34,720 This is not the case with Monroe as mentioned in the previous lecture. 8 00:00:34,830 --> 00:00:42,360 One euro uses ranked signatures to hide the source of funds and stealth addresses to hide the receiver. 9 00:00:42,360 --> 00:00:49,020 Therefore if the block chain is analyzed there will be no useful information regarding the senders and 10 00:00:49,020 --> 00:00:50,600 the receivers. 11 00:00:50,700 --> 00:00:56,340 Not only that even the sender wants the money is sent from the sender the sender doesn't really know 12 00:00:56,340 --> 00:00:57,800 where the money is going. 13 00:00:57,900 --> 00:01:02,640 Again due to the use of stealth addresses which are not the real address. 14 00:01:02,670 --> 00:01:09,570 So when you give a receiving address to a sender this address is only used once and it's not your real 15 00:01:09,600 --> 00:01:10,510 actual address. 16 00:01:10,510 --> 00:01:15,360 It's only an address to be used for a transaction. 17 00:01:15,480 --> 00:01:21,810 Therefore if you think of it you can actually buy Monaro using any method and this method will be much 18 00:01:21,810 --> 00:01:24,840 more anonymous than using bitcoins. 19 00:01:24,840 --> 00:01:31,940 So even if you verify your identity when buying Monaro once you transfer your coins from the website 20 00:01:31,980 --> 00:01:39,960 that you bought it to your own local wallet this money becomes untraceable and unthinkable to the account 21 00:01:39,960 --> 00:01:42,320 that you used to buy Monaro. 22 00:01:42,330 --> 00:01:48,420 The only way that this can be linked to you is if you make a mistake and OPSEC mistake and someone hacks 23 00:01:48,420 --> 00:01:55,860 into your computer or if you're forced by a law enforcement agency to give information about where you 24 00:01:55,860 --> 00:02:01,380 use that money grow so they'll be able to see that you bought Monaro on X Web site but they won't know 25 00:02:01,380 --> 00:02:05,430 which wallet this money or a warrant went to and what it was used for. 26 00:02:05,430 --> 00:02:12,840 Unless you go ahead and give them the information yourself with that being said there are some methods 27 00:02:12,960 --> 00:02:19,260 that would be more private and more anonymous because sometimes we just don't want to share our identity 28 00:02:19,260 --> 00:02:22,920 and our private information with online Web sites. 29 00:02:22,950 --> 00:02:27,930 Even if this identity will not be linked to our wallet it's just not ideal. 30 00:02:27,930 --> 00:02:29,780 What if that website gets hacked. 31 00:02:29,790 --> 00:02:31,830 What about the employees working in it. 32 00:02:31,980 --> 00:02:33,200 And the list goes on. 33 00:02:33,210 --> 00:02:38,490 Again similar to any privacy concern so just like Bitcoin. 34 00:02:38,490 --> 00:02:43,270 The most anonymous way of getting one arrow is to mine it yourself. 35 00:02:43,320 --> 00:02:50,310 Use a powerful computer help maintain the one area block chain and with doing that you will be awarded 36 00:02:50,460 --> 00:02:58,000 X are or many Arab coins and then use that to purchase or send funds to friends and family. 37 00:02:58,080 --> 00:02:59,800 Now doing that is not simple. 38 00:02:59,820 --> 00:03:04,480 I can actually make a full course on that and it's not feasible to everybody. 39 00:03:04,530 --> 00:03:06,960 That's why I'm not going to cover it in this course. 40 00:03:08,180 --> 00:03:14,120 The other option is again something that we discussed when we were buying Bitcoins is to use an exchange 41 00:03:14,480 --> 00:03:16,670 so you can use any exchange you want. 42 00:03:16,670 --> 00:03:23,060 Like I said even if the exchange requires you to verify your identity that's fine because once the funds 43 00:03:23,090 --> 00:03:29,390 leave the exchange they will be untraceable and they won't be able to link your actual identity to your 44 00:03:29,390 --> 00:03:31,220 monitor or wallet. 45 00:03:31,220 --> 00:03:36,460 Not only that but some exchanges will not even require you to verify your identity. 46 00:03:36,680 --> 00:03:43,430 If you're buying small amounts now these exchanges change their policies all the time so the ones that 47 00:03:43,430 --> 00:03:50,060 don't require identity verification now will probably require it in the future and others that require 48 00:03:50,060 --> 00:03:52,510 it right now might not require it. 49 00:03:52,520 --> 00:03:56,930 Therefore the best thing to do is to come to get money or go to exchanges. 50 00:03:56,930 --> 00:04:02,450 I will include this link in the resources of this lecture and go over them see which ones are allowing 51 00:04:02,450 --> 00:04:06,240 people to buy Monaro without verifying identity. 52 00:04:06,350 --> 00:04:13,070 And if you can't find any again it's it's okay to verify your identity and by one area because like 53 00:04:13,070 --> 00:04:18,240 I said your identity will still not be linked a will to your wallet. 54 00:04:18,500 --> 00:04:26,570 Some popular ones in here are with tracks bananas bisque and bits fine x. 55 00:04:26,630 --> 00:04:28,690 Now there are other good ones here. 56 00:04:28,760 --> 00:04:32,320 Like I said go over them read their policy before using them. 57 00:04:32,420 --> 00:04:36,330 But most of the ones that are listed here are pretty good anyway. 58 00:04:36,620 --> 00:04:39,130 And using them is very very easy. 59 00:04:39,140 --> 00:04:40,350 It's usually the same. 60 00:04:40,370 --> 00:04:46,310 You click on the website you sign up you buy more narrow and then you transfer it to your wallet and 61 00:04:46,310 --> 00:04:52,880 I will explain how to transfer funds to and from your wallet and the next lectures I'm not going to 62 00:04:52,880 --> 00:04:56,350 cover that though because like I said it is not ideal. 63 00:04:56,390 --> 00:04:59,940 At the end of the day you still might have to verify your identity. 64 00:05:00,080 --> 00:05:05,720 And even though it's not linked to your wallet a lot of us might not want to share our identity with 65 00:05:05,720 --> 00:05:09,100 third party websites. 66 00:05:09,200 --> 00:05:14,970 Another really good option is to exchange an existing cryptocurrency with Monroe. 67 00:05:15,140 --> 00:05:21,230 So with this option we can use our bitcoins that we already obtained anonymously using a bitcoin using 68 00:05:21,230 --> 00:05:28,280 a P2P service or a bitcoin A.T.M. or one of the other methods that we discussed earlier and then exchange 69 00:05:28,280 --> 00:05:29,100 it to more narrow. 70 00:05:29,270 --> 00:05:35,210 So we already obtained our coins in an anonymous way and then we're buying Montero which is even more 71 00:05:35,210 --> 00:05:40,970 anonymous because it hides information about the sender receiver and the amount therefore the coins 72 00:05:41,060 --> 00:05:45,800 in our local monitor or wallet will be very very anonymous. 73 00:05:45,800 --> 00:05:51,470 This is a really good option and can be used in so many scenarios you can even use it if you have coins 74 00:05:51,500 --> 00:05:57,490 that are not anonymous and exchanging 2 1 euro to increase their anonymity and become more private. 75 00:05:57,500 --> 00:06:03,620 Therefore I will spend a full lecture talking about how to do this so stay tuned for that. 76 00:06:03,620 --> 00:06:09,170 Another option is to use an A.T.M. similar to what we did with bitcoin and you can actually use the 77 00:06:09,170 --> 00:06:17,570 same website to find 80 ATMs that sell Monaro so the same website coin A.T.M. radar dot com you scroll 78 00:06:17,570 --> 00:06:23,570 down or you put your country in the search box and you can uncheck everything here and the left and 79 00:06:23,630 --> 00:06:29,040 only keep more narrow checked to get the 80 M's that only support more narrow. 80 00:06:29,210 --> 00:06:31,000 Now as you can see there aren't many. 81 00:06:31,000 --> 00:06:35,330 There are much less than bitcoin and in my country in Ireland there aren't any. 82 00:06:35,540 --> 00:06:41,270 So this option might not be applicable to everybody but if there isn't one euro A.T.M. then this is 83 00:06:41,270 --> 00:06:42,160 a really good option. 84 00:06:42,170 --> 00:06:48,470 If you can buy it with cash all you have to do is just go put the receiving address of your wallet and 85 00:06:48,470 --> 00:06:53,360 you'll receive the funds in your wallet very similar to what we did with bitcoin eighty amps. 86 00:06:53,450 --> 00:06:59,060 Therefore there is no point of covering it again but you can go and revise the lecture where I use the 87 00:06:59,060 --> 00:07:00,300 bitcoin A.T.M.. 88 00:07:00,440 --> 00:07:07,630 If you want more information about it last but not least you can use a peer to peer service. 89 00:07:07,750 --> 00:07:12,060 Again we showed off a similar service for bitcoin form one Aero. 90 00:07:12,070 --> 00:07:15,330 It's exactly the same you just need to use a different website. 91 00:07:15,370 --> 00:07:18,740 The website is called Local Monaro dot co. 92 00:07:18,760 --> 00:07:21,980 The way it works is very similar to the bitcoin website. 93 00:07:22,000 --> 00:07:24,760 All you have to do is put the amount that you want to buy. 94 00:07:24,760 --> 00:07:30,190 For example let's say I want to buy 25 euros worth of bitcoin. 95 00:07:30,280 --> 00:07:35,530 You put the country in my case it's Ireland and we're looking for all online offers. 96 00:07:35,530 --> 00:07:40,510 So from this dropdown list you can list all of the payment methods as you can see. 97 00:07:40,510 --> 00:07:43,300 You can pick cash which is very very anonymous. 98 00:07:43,300 --> 00:07:44,750 You can do cash by mail. 99 00:07:44,770 --> 00:07:48,460 You can do cash at 8 p.m. so there are a number of methods. 100 00:07:48,460 --> 00:07:55,210 Once you're happy with all the options you click on search and you'll get all the local sellers that 101 00:07:55,210 --> 00:08:00,130 will allow you to buy Monaro using the payment method that you selected. 102 00:08:00,130 --> 00:08:03,090 Now as you can see again in my country in Ireland. 103 00:08:03,190 --> 00:08:10,750 Unfortunately there aren't any local sellers but if you pick a bigger countries such as the United States 104 00:08:11,580 --> 00:08:19,030 you will actually see a number of sellers that will sell you more narrow by cash by mail and other anonymous 105 00:08:19,030 --> 00:08:20,370 payment services. 106 00:08:20,470 --> 00:08:22,300 Again using this is very simple. 107 00:08:22,300 --> 00:08:24,230 All you'll have to do is click on buy. 108 00:08:24,280 --> 00:08:29,650 Follow the instructions send the money to your local Monteiro address which I will show you in the next 109 00:08:29,650 --> 00:08:30,430 lecture. 110 00:08:30,610 --> 00:08:31,710 And that's pretty much it. 111 00:08:31,720 --> 00:08:36,940 You'll have the money in your wallet and because you're using one arrow the money is untraceable and 112 00:08:37,000 --> 00:08:42,440 unlink a to previous transactions so that's it for this lecture. 113 00:08:42,440 --> 00:08:48,650 Just wanted to list the main methods that you can use to buy Monaro anonymously and in the next lecture 114 00:08:48,650 --> 00:08:54,260 we'll talk about how to exchange it with other crypto currencies and we'll see how to send and receive 115 00:08:54,260 --> 00:08:54,800 Monaro.