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Monero [XMR]’s privacy promotes basic human rights, says Justin Ehrenhofer

Ajay Narayan

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Monero's [XMR] privacy promotes basic human rights, says Justin Ehrenhofer
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Blokt, a cryptocurrency news portal, interviewed Justin Ehrenhofer, the Monero community workgroup organizer. The interview covered various aspects including the upcoming October 18th upgrade, the importance of privacy and the reason it was a basic human right. They also spoke about the future plans of Monero community and whether the regulatory conditions were affecting the Monero community.

Justin spoke about Monero, stating that it was a decentralized cryptocurrency which focused on privacy, fungibility, and security. He added that Monero was an open-source platform where users had complete control over their privacy and security.

In the interview, they also spoke about the privacy aspect and the reason for its importance. According to Justin, “Privacy is a basic human right”. He stated that individuals had the right to not disclose their source of funds or be tracked by a third party when they pay for goods or services. He added:

“Monero’s privacy features allows people to transact digitally without worrying about whose Monero is worth more or less than another, or whose Monero will result in their account being investigated or closed”

Justin also spoke about the reason for Monero being the leading privacy coin, stating that the coin offered more privacy in comparision to other cryptocurrencies in the market. He added that the systems on Monero did not have to worry about leaking important transaction metadata including the amount. Justin stated:

“Monero provided a substantial amount of privacy for all transactions and takes a respected approach to decision-making. It is a fair and decentralized coin like Bitcoin”

Monero will also undergo an upgrade on October 18th and Justin opined that it was a typical twice-per-year upgrade. According to him, the upgrade introduced major improvements in privacy, decentralization, security, efficiency, and scalability.



They also spoke about Monero and it’s upcoming partnerships and exciting future plans. Justin stated that ‘Mastering Monero’ was the new book which focused on introducing important topics to readers. He added:

“This is a community initiative funded through the Forum Funding System [FFS]”

Furthermore, Monero is expecting to implement Kovri later this year, which would allow users to easily hide their IP address metadata. In addition, Kasisto, a Monero point of sale payment processor is expected to reach its second beta at the end of November.





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Ajay Narayan is a full-time journalist at AMBCrypto. He has majored in Economics, Political Science and Sociology. His interests are inclined towards writing and investing in cryptocurrencies.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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