Privacy is a human right and Monero is dedicated to privacy and freedom. Recently, Spagni explained how Monero not only has privacy features, but also design decisions which make it a unique experiment in the cryptocurrency space.
He pointed to how Monero has chosen to use a different elliptic curve, a unique way of signing transactions, and a completely different emission schedule when compared to Bitcoin.
Since Monero has the monopoly on private transactions because of attracting the “largest crowd” of the people who are particularly seeking privacy, Spagni stated that Monero users can easily get “lost in the crowd,” which provides the privacy coin with an edge over other privacy chains or technologies which do not have a privacy default.
Also, Spagni points to how privacy in the modern age is very important. However, he also reinstates on how most people are still apathetic to privacy
Recently, there have been large-scale hacks and privacy violations which has created a heightened awareness about the importance of privacy. Further, Spagni believed in that, with the right kind of user experience it will be possible to improve privacy in the future.
The entire video which was filmed on March 1, 2021 is Features Riccardo Spagni and Sebastian Moonjava and runs for a total of 67 minutes.
For those who are new to Monero, this video can be particularly useful in helping them understand how Monero has one of the largest user bases who value privacy, providing it an advantage over other projects because a larger user base means that it is less likely for a specific user to be identified.
When talking about Bitcoin as Digital Gold Riccardo Fluffy Pony stated that he hated these analogies as they never fitted perfectly well. He also pointed to how when it is said, there will be folks who say, that is not the way it works and on how you will be able to sub-divide gold in to atom.
However, he stated that when thinking like a normal lay person, if Bitcoin is gold and when someone is like “I need a sovereign store of value” like gold brick and I am going to stock it in my safe and there is all sorts of stuff you can do with that, you can borrow against it.
It is not like the gold brick is useless. You can beat someone with it – the gold brick is super useful. Don’t get me wrong. It has got the very utility to cash. Cash is easy to conceal. You can easily transport cash on your purse and you can even transport a large amount of cash and you can use it all the time in a very private manner. If you had to compare it in any meaningful way it might be Bitcoin is gold and Monero is cash!
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