Riccardo Spagni, co-founder of Tari Labs, Yat Labs, and former Monero Lead Maintainer, joins Sebastian Moonjava, Real Vision associate crypto editor, to discuss privacy, Monero, and some of its unique design decisions compared to Bitcoin. Spagni explains that Monero not only has privacy features, but also has made a handful of design decisions that make it a unique experiment in the crypto space. For example, Monero has chosen to use a different elliptic curve, a different way of signing transactions, and a different emission schedule than Bitcoin. Because Monero has a monopoly on private transactions due to attracting the “largest crowd” of people seeking privacy, Spagni says Monero users can easily get “lost in the crowd,” which provides it an edge over other privacy chains or technology without a privacy default. Spagni spells out why privacy in the modern age is important, but thinks that most people are still apathetic to privacy. However, with recent large-scale hacks and privacy violations creating a heightened awareness of the importance of privacy, Spagni believes that, with the right user experience, we can help improve privacy in the future. Filmed on March 1, 2021.
Key Learnings: Monero is renowned for its privacy—but, it possesses unique design features that make it an important experiment in the crypto space. Monero has one of the largest user bases who value privacy, providing it an advantage over other projects because a larger user base means that it is less likely for a specific user to be identified.
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