Use Monero (XMR) As A Currency, Not An Investment, Riccardo Spagni Tells Forbes

One of Forbes’ latest articles presents Monero’s Riccardo Spagni’s views on XMR.

Riccardo Spagni – aka FluffyPony on Crypto Twitter – tells author Leslie Ankney that XMR is not the best choice as an investment.

Use XMR as a currency

“Monero’s probably not an investment. It’s designed to be a currency, and in particular it’s designed to be a privacy-preserving currency,” are his exact words as reported by Forbes.

For Spagni, Monero is reportedly not only a crypto with its own unique codebase; its setup reflects his beliefs.

“I’m a big advocate for personal privacy. I think that it should be a basic human right. The way all our data has just sort of been splurged online through hacks and compromises and malware and sometimes our own stupidity, we’re in a situation where privacy-preserving projects are a necessity,” he said via Forbes.

We recommend that you read the complete Forbes article to see more of Spagni’s beliefs on Monero.

Monero gets ready for a hardfork

Monero (XMR) seems to be ready for the next hardfork.

Ambcrypto revealed that the Monero team made the recent announcement and revealed that the hardfork would occur on block number 1788000 and it will take place on March 9, 2019.

It was also reported that the new fork would be not introducing new features for Monero besides new notification and new block size algorithm.

MoneroForkCover - Use Monero (XMR) As A Currency, Not An Investment, Riccardo Spagni Tells Forbes

A statement also followed which revealed that the testing of the fork should be an easy one and there will be some small changes with it.

“Apparently this will be forked with the current 0.13 code, so very few. A couple of default payment ID changes, new adaptive block size algorithm, new notifications, and the new mining algorithm. I don’t know when the 0.14 code will be used,” a Redditor explained via Ambcrypto.

The announcement was not exactly received with open arms by the Monero community.


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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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