Riccardo Spagni Discusses Bitcoin and Monero’s Native Token Supply in Recent Podcast
Blockstream CSO Samson Mow, recently appeared on the latest iteration of the Magical Crypto Friends Podcast where he discussed his firm's latest “Green wallet” offering.
Additionally, during the course of the conversation, podcast hosts Monero's Riccardo Spagni and Litecoin Creator Charlie Lee went on to discuss a number of other events/topics currently surrounding the world of cryptocurrency and blockchain.
Elaborating on the usefulness of his company's latest offering, Mow noted that the Green Wallet was in its basic essence “a re-branded version” of Blockstream’s earlier storage offering called ‘Green Address‘ that provided customers with a highly secure ‘2-of-2 multi-sig privacy module’.
Talking about the wallet’s latest features, Mow was quoted as saying:
“[…] you’ll get an email, phone call or SMS for validation. Additionally, you also have to use Google Authenticator or any authenticator app and hit okay before your transaction goes through. but, also there’s a lot of other cool stuff you can do with this new offering (like speed up transactions as well as control the fees you wish to pay in relation to a particular tx)”
Lastly, he also mentioned that the Green Wallet allows users to deploy a tech module known as “velocity limits” that allow customers to monitor their spending habits in a highly effective and efficient manner.
More on the Matter
During the latter half of the podcast, Mow asked Spagni about “fixed coin and flexible supply systems” and which one he thought was better in his opinion (especially in relation to Bitcoin and Monero). Spagni replied by saying that since Monero made use of a minimum block reward (MBR) based design, it's ecosystem was more stable.
He then went on to add:
“What that basically means is that when we get to the minimum block reward that we’re talking about, the 0.8 percent annual inflation starts to decrease over time”.
Lastly, he also pointed out that since Monero makes use of a deflationary functional model, its potential as a long term store of value was better than that of Bitcoin's.
In closing out this piece, it should be pointed out that since Spagni has vested interests in Monero's success, his comments cannot be taken as being completely factual.
Thus for individuals looking to invest big in XMR, it is advised that they do their due diligence first.
Live Bitcoin (BTC) Price:
1 BTC/USD =$26,519.4643 change ~ 0.17%
Live Monero (XMR) Price:
1 XMR/USD =$141.7206 change ~ -2.32%