Craig S Wright, the Chief Scientist at nChain and a Bitcoin SV proponent, recently made some claims pertaining to Monero [XMR] and ZCash, on his official Twitter handle and Riccardo Spagni aka fluffypony, the lead maintainer of Monero, retaliated to his statement.
Monero [XMR], the thirteenth largest cryptocurrency by market cap is known for its privacy features. Based on a blog report, Monero enhances privacy with the use of ring signatures, confidential transactions and stealth addresses. This ensures that apart from the information required to approve transactions, no other information is open to the public.
Additionally, the coin’s cryptographic privacy ensures that its transactions are untraceable and has unconnected characteristics. On the other hand, ZCash preserves privacy with the help of Zero-Knowledge proofs, which mainly hides transaction details.
The self-proclaimed Satoshi Nakamoto aka Faketoshi said on Twitter:
“Yes, I can make ZCash and Monero completely traceable… A means to start monitoring it all and attributing. And, responsible disclosure is not those teams. Have a nice life.”
This was soon met with Riccardo Spagni’s retaliation. He said:
“All talk, no action. This moron is just a snake-oil salesman in a cheap, ill-fitting suit, wearing a gaudy watch that he thinks looks expensive because a store clerk told him as much, bragging about money he doesn’t have & skills he can’t demonstrate. It’s just sad & pathetic.”
Udi Wertheimer, a Bitcoiner and coder, said on Twitter:
“Keep trolling, horseman. I deanonymized all your txs and have the location of your sunk boat and whatever else. My team is underwater fishing for your keys, and once we find them we will dump them all for Bitcoin (BSV) and then release 78 papers describing how. Risk. Finance.”
Subscribe to AMBCrypto’s Newsletter