Price of TRON explodes after meeting
New Monero lead maintainer
The idea that a single currency is going to be better than the rest is completely absurd to me […] Certainly, in some ways you can consider the fact that bitcoin is a transparent ledger where you can see how funds are flowing is actually a positive in a lot of use cases, it’s not a positive in every use case which is somewhere Monero shows off.
Blair describes that it will be a hard and long road until Monero can replace the Fiat money system and cash. However, this is his goal. But to achieve this, Blair says, the adaptation must take a big step forward. People need to see the benefits of Monero (XMR). Accordingly, Snipa also said that this will be the biggest challenge for a broad acceptance of Monero and cryptocurrency in general.
As was announced a few weeks ago, Riccardo “Fluffy Pony” Spagni has resigned as lead maintainer . He has been replaced by Alexander “Snipa” Blair, who will take on the role of Fluffy Pony. Nevertheless his predecessor will still be available as back-up maintainer. In a new issue of Monero Talk, Blair, who was previously rather unknown, introduced himself to the Monero community.
He added that current solutions perform a conversion of the transferred cryptocurrency. In the long term, however, merchants must be prepared to accept Monero directly, rather than converting it into Fiat money immediately after purchase. He continued:It is still easy to buy things with Bitcoin if you’re not in the United States, but it’s not really in strengthening the cycle of the currency right. You’re just essentially using a third party cut out to hit an exchange versus actually using Manero and keeping Monero’s currency cycle.
About the technical details of Monero, Snipa claimed that the team is currently “figuring out” repository layouts and resolving maintenance issues. In particular, Snipa also addressed the Monero supply chain hack:
Certainly, there’s some security to be restored and faith to be restored with people after the hack […] but we want to make sure this doesn’t happen again and so rebuilding that for you that I think it’s going to be a big thing over the next couple weeks.
Author : Jake Simmons