When we compare Monero (XMR) to Bitcoin, on everything from mining decentralization, to confidentiality, fungibility, and utility, Monero wins.
Sooner or later, Bitcoin thought-leaders who have been promoting BTC as if it’s just like Monero will be called to take accountability for their actions.
Before he hosted the Regulation and Policy Panel at MoneroTopia in Miami, I had the opportunity to sit backstage and speak with Justin Ehrenhofer, Vice President of Operations at Cake Wallet.
Major influencers (like Andreas Antonopoulos) are dead wrong about privacy, and Justin explained why.
“If you are sitting there as a Bitcoin proponent and telling people to use Bitcoin, and you care about privacy, you need to take responsibility for them leaking deep data to everyone and resulting in people’s lives being at stake,” said Ehrenhofer.
For over four years, Cake Wallet has helped users send, receive, and exchange crypto safely and easily with their open-source Monero wallet for iOS and Android.
Here at The Crypto Vigilante (SUBSCRIBE), we have no business relationship with Cake – or any other company or crypto project – but we are all personally fans of Cake. Not only is it a world-class mobile wallet that supports XMR, BTC, and a few altcoins, but I’ve interviewed the founder and CEO, Vik Sharma, and we appreciate the team’s contributions to the privacy community.
In my discussion with Justin Ehrenhofer, we covered everything from Bitcoin’s core ideals and the lies of famous Bitcoiners to broader topics like cognitive dissonance and hypocrisy.
During our interview, Justin shared some unique insight about Monero compliance and liquidity, the pros and cons of using crypto exchanges, and the relationship of transactions to value.
We also talked about the tipping point for Monero, the BTC / XMR inflation comparison, and Cake Wallet’s “No KYC” features.
Enjoy the full interview here:
Keep in mind that Cake is a non-custodial wallet. This means all information about your wallet is stored on your device, and you, the user, are 100% in control of your funds.
Your wallet should always be synchronized to work efficiently, and you should see a “Synchronized” label on the top of the main screen.
Of course, never share your private keys.
Pro-tip: Be sure to update your wallet(s) before and after every network upgrade or hard fork.
Download our free Crypto Privacy Guide: https://CryptoVigilante.io/convoy
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The Crypto Vigilante (SUBSCRIBE) is the premier financial newsletter specializing in crypto-asset markets. Follow TCV on BitChute, Facebook, Flote, Gab, Instagram, Medium, MeWe, Minds, Odysee, Rumble, Streamanity, Substack, TikTok, Twetch, Twitter, Vigilante.tv and YouTube.