Launched in April 2014, Monero is a digital currency that is private, secure, untraceable and fungible. Monero currently stands as the 10th largest cryptocurrency with a market cap of over $1.8 billion and is considered the leading ‘privacy coin.’ Monero’s website states that it “is more than just a technology” and that the values its technology stand for are also important. These core guiding values include security, privacy, and decentralization.
Due to its privacy and fungibility features Monero has received some negative press claiming it allows criminals to launder money. However, Monero supporters state that this pales in comparison to the money laundering done through the USD. In fact, they say:“The only thing negative press proves is that the privacy and fungibility of Monero is sound; making it the primary feature that has Monero primed to replace cash in our planet’s digital future.”
Blokt.com reached out to Justin Ehrenhofer the Monero Community Workgroup organizer to discuss this privacy coin. The interview went as follows:Could you introduce yourself and tell us about your role as the Monero Community Workgroup organizer?
I am the organizer for the Community Workgroup and a few others. Monero has an Outreach Workgroup that is organized by other people. My friend and I started this workgroup to better spread the word of Monero through quality educational resources under the name “Monero Marketing Workgroup.” After a few months of operation, other workgroups matured, and we shifted the focus to providing a common place for the community to share ideas and collaborate among other workgroups. We host biweekly community meetings that cover the latest Forum Funding System (FFS) updates, workgroup updates, and important discussions. We leave time at the end of the meeting for open ideas. We also host a monthly Coffee Chat; a casual conversation focused on humanizing contributors and aimed at newcomers.Can you te...