Monero

Really interesting.

And it was at Monero first.

Yeah, so it started originally as a Monero wallet and still very, very privacy focused.

And so it's interesting because when people ask me like, oh, what's different about Cake Wallet versus any other wallet out there, like really the privacy piece is actually a big one that resonates with people because it's still like there's actually Anytime there's any kind of independent audit done where someone's really looking at like, OK, here's the security claims of a company, but are they actually harvesting IP address information? Are they actually sending any information to like a third party database or server? A lot of wallets will get like maybe 30 to 60 out of 100 and cake wallets like 100 out of 100 every time.

And so it's really like that privacy and user data and like all that is something that the team takes really seriously.

In the studio tonight, I'm Riley O'Bill.

and i'm jay noon and i'm into investing in our posterity my website is jaynoon.com if you want to check out what i've been up to i've had it recently updated i had a guide do a bunch of good work to it and there's videos on there and there's pictures and stuff about what i'm what I've been doing, what I'm looking to do, and there's even a support page where you can donate to me in Bitcoin, Monero, Dash, or Bitcoin Cash.

My real agenda is to...

Make sure that Generation Next is useful, valuable, and competent because useful, valuable, competent people generally don't vote for more government.

Yeah.

Liquid uses this particular programming language called Elements, which has this thing called Confidential Transactions, which is actually the same thing Monero uses.

For privacy, we'll come back to that later.

Confidential transactions being you can have a blockchain with a transaction on it where nobody knows, except for the sender and the receiver, how much money has been exchanged.

It's great for privacy, but also with privacy comes these auditability issues like we've seen with Zcash bug, the Monero bug.

This is another example of that.

For a confidential transaction to be valid, you have to include range proofs.

it's tough i mean they the loss as of right now stands at it's like 47 million dollars right 40 50 million dollars 600 bitcoin it's a lot of money some people speculated that the liquid supply was blackstream's own balance sheet and they were kind of bootstrapping it oh it's unclear so it might be just balance sheet loss to them but there's a lot of interesting implications First of all, I think it worsens the security profile of confidential transactions.

It goes a long fucking way, right? And so it's a really good allocation of efficiency of allocation of resources to put it into the Tron pool, for example.

And that's going to be true when we launch Monero, and that's going to be true when we launch Zcash, and that's true for Solana and these other kind of more shallower pools we have right now that are you know, haven't been around that long, you know, but a little bit of capital into those pools just has a significant effect on the efficiency of those pools.

Yeah, absolutely.

And I misspoke, guys.

And then it's just going to absorb the POL for probably like, Maybe months.

You know what I mean? Just as continuously for just building its depth from 100 grand to 200 grand to 400 grand to, you know, whatever.

Just going to keep going because it's just I just I just have a lot of positivity towards the effectiveness of Monero and how much volume it's going to garner for us.

Like we were talking before that like it's possible that we become the liquidity center of the token, right? For the first time in history, a DEX is actually the liquidity center of a token.

And I started looking into it.

And it turns out there's this whole ecosystem of payment providers that will let you take your existing crypto, Monero and all the other ones, right? And pay for things for companies that don't accept crypto.

And a good example is this company called Moon.

Moon Payments.

And technically it was unwise, even though I'm sure it has merit.

I'm sure Monero might be far superior, but it's not competing to the same degree right now.

But it has got macro setups and it might be worth showing those.

This is a daily chart I've got up.

Not to the people that I want privacy from.

It might give me privacy from you, Rupert, seeing how much I made in net cash.

Monero might too.

But the real people that are at the top of the jungle, anything digital isn't going to be private.

Yeah.

I mean, this is an area where even I would say in my own audience, it's pretty divided, as you were saying a moment ago, between people who maybe are crypto savvy, maybe Bitcoin maxis or Monero or just wherever they understand it.

And others who don't have an understanding, but they have fears.

And I don't want to dismiss those fears as completely illegitimate because I've done reports and articles about the dangers of the way blockchain can be used to create a permanent surveillance state and things of that sort.

Like, okay, central bank, Fed controlling digital money, that's bad.

And then they see that, well, okay, they talk about using the, let's say, Fed coin on blockchain.

Well, then also if other blockchains are out there, they must all be bad, right? So if there's a Monero blockchain, that's automatically got to be bad because all blockchains are equal, right? They don't understand the sort of nuances there.

And so they sort of are more dismissive of anything.