Monero Dev FluffyPony and TokenPay Twitter Feud, Saying XMR Is Only Good for Illicit Use


Monero and TokenPay Get into Feud on Twitter, Leading to Comments that TokenPay Are “Snake Oil Salesmen”

Twitter is often the host of every bit of drama that comes through the cryptocurrency industry, which would be due to the fact that both individuals and platforms can voice their opinions.

Users on the social media website got a taste of yet another argument between platforms, involving the lead developer of Monero and the crypto payment platform TokenPay.

Based on the posts, it looks like the developer, Riccardo Spagni, received an invitation from TokenPay to have a debate that would allow him to clarify allegations against TokenPay that he made. Those allegations included that TokenPay is centralized, and that their Distributed Proof of Stake [DPoS] model didn’t have the same quality as the distributed database.

The interaction went on for a while, but TokenPay’s CEO, Derek Capo, ended up accusing Spagni of developing a platform that is meant for criminals to get to the darknet. In contrast, he said that his own work with TokenPay was only meant for the legitimate markets.

Spagni abstained from the debate, because it didn’t want to perpetuate the publicity that they seemed to want for free. However, that didn’t stop him from calling the TokenPay team a group of “snake oil salesmen.”

Even though he narrowly avoided the actual debate, he was still accused of giving TokenPay free publicity. He was even held responsible for the withdrawal from the debate, on the grounds that TokenPay and Monero could ultimately be competitors later on.

Spagni commented, “Totally different. I’m not retweeting any of these replies, so they don’t appear in my timeline. Most of my followers won’t even be aware that the debate is happening. An audio/video/live debate would be markedly different.”

TokenPay didn’t believe that Monero happens to be any kind of competition between the two, considering that Monero was drawn to the dark market adoption. TokenPay’s focus seems to be on legitimate commerce interactions.

To counter TokenPay’s argument, Spagni said that the Monero market wasn’t marketed specifically to criminals on the dark market, but it was clear that these investors needed the strictest privacy. He added,

“But they’re also smart, and will only start using technology if it’s truly privacy enhancing. Think about that for a second.”

TokenPay still claimed that Monero was responsible for developing projects that were specifically meant for the criminal world, noting that the authorities would figure it out soon. They added,

“We will keep doing what we are doing in the legitimate commerce markets. Stop worrying, we aren’t competitors.”

Spagni still felt the need to claim that Monero’s attempts to provide privacy was to benefit those individuals at the bottom of the barrel. Blaming TokenPay for their insinuation, he ultimately added,

“If criminals choose to also use it we can no less stop them than a kitchen knife manufacturer can prevent their knife from being used to murder.”

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