The most important privacy-oriented coin, Monero (XMR) triggered enhanced attention from the crypto community after its transactions hit an all-time high after the Bitcoin’s pump over $6,500 and BTC breaching more resistance levels and triggering massive excitement in the crypto space.
Bitcoin managed to surpass the $8,000 psychological level, and according to more crypto experts, the coin is definitely racing towards $10k. After it also surpasses this level, the FOMO will spread into the public.
Monero Vs. ZCash – The communities battle
During the recent Magical Crypto Community Conference, Peter Todd, former Bitcoin Core developer, praised the privacy coin’s community, while criticizing the community of another privacy coin, ZCash.
Todd addressed the Monero and ZCash communities, and he said that the XMR community seems an honest one and it represents the coin accurately, as AMBCrypto reported.
He said that on the other hand, the ZCash one scares him.
He made sure to highlight that ZCash tech behind the coin is quite good, but he alleged that some posts of the community’s members on the social media platforms are “inaccurate and misleading.”
AMBCrypto reported that he also said that he’d rather have a community that is honest and accurate and one that is able to correctly represents the real features and capabilities of the coin.
Monero and Bitcoin
He also highlighted the fact that Monero is “perfectly blinding” and Bitcoin is “perfectly binding”.
At one point he was asked if that is a fundamental flaw the privacy coin needs to eliminate.
Todd responded by asking why there cannot be two systems with different use cases and different capabilities. He also added:
” .. smaller number of currencies are more efficient than a larger number so I would rather see something like add-ons to Bitcoin, where you could take your Bitcoins and move it off into something like Monero.”
He was also asked about BTC’s fungibility, and he said that BTC is fungible enough.