XMR! Anarchapulco – Cryptopulco 2020 | Interview | Eric – Monero Developer

[Music] so welcome friends and I usually make videos in Spanish but here we're changing if videos in English and I'm gonna write the subtitles or well now friend Erik he need someone there or developer so yeah we have a couple of points that I want to share with you know I relaxed conversation like like always so very good we're now in let's go straight to the topic all the bitcoins or the BTC development or the BTC development you see the connection so for me what I got into cryptocurrency for was this idea that all of us would be able to use this currency as a form of payment that would be call really adopted for commerce and that was what was interesting about it and so for me that I don't see how that use case the fees get to be too much so you know that's me I just how we did just after that so bad and I'm not convinced that the the reason being given or living for those who doesn't remember it everybody should have known and that is why like looks nice the blog site that cannot be to be so there's a limit for the block size because everybody should have a know and then why the block size from different developers I do it should be like I mean at this point I really don't mind the TPC goes down that direction I'm sort of personally disengaged from that just because I don't think that serves the original vision that was laid out in the dick point clearly articulating a news case has peer-to-peer cash that can be used in a global economy I remain interested in back your stance and now let's talk about the the programmers you know like it's a habit about the way we built the most popular broadcasters are people maximally bitcoin is developed like the programmers working well I personally find the whole checks and balances within cryptocurrency to be very interesting because you have a few very important players you have the software developers that offer the software and then you have the miners who choose to either run the software or not and then you have the users who choose to put their financial capital behind a particular cryptocurrency or not there's a lot of checks and balances as it as it pertains to developing the software you know you can look to something like Bitcoin V PC which has a centralized github repository and that's pretty much the client that everybody runs I would consider that to be you know a pretty centralized development structure but again there are those other checks and balances in place but I could just compare that against something you know other other cryptocurrencies might have multiple implementations of the software so that if a fatal flaw you know happens in one of the implementations and it doesn't read Emma Belen ever how do you place all the environment around [Music] so what's your take on the direction you just all that's a view you have kind of yourself from that what do you think of the direction well I just for me I'm personally most interested in purely permissionless and decentralized systems you know I think that I think that centralized solutions are really terrific you know like I support them but but I don't think we should jeopardize the layer one and favor of layer two right so so it's kind of like all right I hope a lot of I hope a lot of centralized and use cases come out of these layered human systems but I think that the layer one is what's going to stand the test of time for very long time can you elaborate from that like a centralized yeah well you know it doesn't have I guess maybe not all layer two solutions need to be centralized but the ones that I'm most familiar with typically are running you're you're you're you are asking for the permission from a third party to handle your transaction and really so now let's talk about that Mineta because you know Manero is my favorite [Music] my favorite cryptocurrency I've mentioned it a couple of times nano is what Bitcoin oops thought they bought and like that one so how did you come to the developer well I actually just thought that Manero was the ideal version of Bitcoin right because you know Bitcoin that being so radically transparent creates select rates and number of problems so you know I think ideally in our in our peer-to-peer permission was perfectly we need a surprise we need it to be private so let's back into that how does one air of privacy work yeah sure so I mean the first thing I would do is compare it to like a public ledger which is radically transparent right and so the way that when a transactions put onto a public ledger it recording the sin it's recording the sender the person who sent the funds is recording the amount and it's recording the receiver the person receives the funds so you kind of have all those pieces on the blockchain with Manero you don't have any of those pieces reported on the blockchain and so the way we achieve that is through technology the first is called stealth addresses which really just means that when you hand out your public address to somebody to send you funds your public address is not recorded on the blockchain instead itself it's a single use one-time address so it helps great cleanability the second one is that we use confidential transactions to encode the amount of speakers you can see how much is actually going and that's huge and in the third one off is bring signatures and bring signatures is basically just like imagine a group of and currently let's say 11 people standing in a circle and out of that circle the network knows that one of those people made the transaction but you cannot tell which of the eleven actually it's like a mathematical trapdoor that was thanks first thing eat like that if you have any questions please remember to write them down represent what other features of momento that's a really good question and for me I think that there are a few key points that are are advantages to Manero one is the dynamic block size the idea that a network comes under congestion then there's gonna be pressure increases the block size and absolutely so that's sort of baked into it so we're less likely to run into the scaling debate that Bitcoin encounters the second one is random X which is just basic resistance the idea that my mobile phone or my laptop you can be relatively competitive against higher-end hardware at least within several orders of magnitude unlike Bitcoin Asics where you really have no chance of competing unless you're one of the really big heart with manufacturers so you have a basic resistance the dynamic block size the privacy oh and then of course optional optional audits ability so you can hand out your your u key to an auditor if you want to in order to let them see your incoming can you elaborate a bit more on yes so my high-level understanding of it is that for every block random X is actually generating like a miniature program that the miners need to execute and so by executing that program the mining hardware is going to is going to invoke such a large instruction set on the CPU that you know you really can't build an ASIC for it if you do build an ASIC for it you've essentially built a better CPU just because it's yeah because it's just executing a general program okay thank you everything from I sort of took the great examples and for like letting our followers understand these technology no monaro is way better than Bitcoin and people have to not realize that okay

You May Also Like