Cryptographer Nick Szabo Is Encouraging Crypto Enthusiasts To Use Monero (XMR)
Monero (XMR) has been gaining increased recognition this year, and more crypto enthusiasts are becoming fond of the high-level of privacy and security that XMR is able to offer in the crypto space.
This is the main reason for which the privacy-oriented coin has been seen for quite a while now one of the best investment opportunities for the future.
Nick Szabo says XMR is better than BTC
Cryptographer Nick Szabo just said that for privacy, Monero is much better than Bitcoin, and he encourages people to use it.
It's better for privacy than Bitcoin, I encourage people to use it.
— Ψευδοελληνικά ξύπνησε Sexuality & Climate Labs (@NickSzabo4) July 20, 2019
On Reddit, people are debating the subject as well.
Someone said: “At some point, the Monero code will be so well-reviewed and ossified that its opacity will become moot regarding lack of audibility. I honestly think Monero will attract more work regarding pow. You gotta remember it’s not hashes per second that matters, it’s joules per second. Hell, Bitcoin hashes per second could be throttled if the state start blocking the ability to manufacture Asics.”
Somoene else said: ‘Yep, this is a key point – it’s joules per second that actually matters; hashrate is only a rough surrogate for that. And even if the absolute energy sunk into Monero mining never matches BTC’s, it is surely going to be more broadly distributed due to the prevalence of commodity CPUs for mining.”
Monero in the news – Monero vs. Bitcoin
Crypto enthusiast Max Keiser revealed the fact that he’s pretty certain that Monero will gain the position as a market leader.
He believes that this is bound to happen sooner rather than later.
Keiser supports Monero and pointed out the lack of fungibility in Bitcoin’s case.
He said that Monero could serve this purpose and as a result, the privacy-oriented coin will become one of the top three digital assets in the crypto market soon.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.