Monero Talk Is Monero the Swiss Bank Account of the Future? - Alexander Schmidt
Alex's Path to Monero
- Alexander Schmidt discovered Monero through a German Bitcoin blog article and growing concerns about Bitcoin's traceability.
- His journey led him to appreciate Monero's unique privacy features and development quality.
Bitcoin's Fungibility Problem
- Bitcoin's fungibility is compromised because each coin has a traceable transaction history.
- Monero achieves true fungibility by hiding transaction histories, enabling genuine electronic cash use.
Monero as Real Digital Cash
- Bitcoin is often viewed as digital gold—a store of value—rather than digital cash.
- Monero better fulfills the function of cash due to its privacy and fungibility features.
TODAY'S 🎙SHOW: Douglas Tuman interviews Alexander Schmidt, a software engineer, crypto enthusiast and Monero community member.
They discuss Alexander's journey to Monero, the anti-cypherpunk sentiment of the BTC community, BitCoin as digital property, the false narrative of "hodling digital gold", accepting XMR as a business, using Monero for everyday purchases, the culture of anonymous payments in Switzerland, the future of crypto and much more!
They also have a nice discussion about Ordinals and what it means for Bitcoin’s fungibility which carry’s into the post interview Q&A on Twitter spaces.
If you enjoyed the show & would like to support us, a donation of any size would be greatly appreciated and would mean so much!
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🔗Links:
Alexander's Twitter: https://twitter.com/ASchmidt1024
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