In this episode, we explore privacy coin investing with our guest, Jordan Clifford, Co-founder and Managing Director at Scalar Capital. Before Scalar, Jordan was a lead growth engineer at Coinbase and a business analyst at Capital One.
Hear Jordan & Clay discuss the fungibility of cryptoassets, the privacy coin landscape, and how macrotrends in society will lead to increased interest in privacy-centric cryptoassets.
In this episode we discuss:
How the Cyprus financial crisis in 2013 led Jordan (as well as many others) into exploring BitcoinWhy everyone should read the "Cypherpunk's Manifesto"How easy it is for companies and governments to trace your transaction history on the blockchainWhy privacy mattersThe fungibility implications for cryptocurrencies
Why privacy is the main focus of Scalar Capital
How privacy coins empower individuals to custody their own assetsWhere privacy-centric cryptoassets will catch fireHow people will pay more attention to their own privacy and therefore interest in privacy coins will also growWhy Monero stands out above the rest in the privacy coin landscapeHow mandatory privacy works and why it may be holding back Monero from wider adoptionHow ring signatures workWhy JP Morgan is looking to use some of the technology found in ZcashWhy Monero has a larger market cap even though Zcash is more popularWho the biggest threats are to Monero and Zcash (you might be surprised)The "instamine" issue on the Dash ecosystemWhy Jordan is excited about decentralized exchangesWhy more institutional involvement in cryptoassets is inevitableWhy Schnorr signatures are a game changer for privacyVeil defines itself as ‘privacy without compromise’ — providing anonymity through a combination of technologies like Zerocoin and RingCT. Having launched this year with over $1 million in seed funding, Veil boasts an experienced team, including members working on Ravencoin, PIVX, and more. Before its launch, the Veil team released the X16RT mining algorithm, which has been adopted by projects seeking resistance to ASICs and FPGAs.
Veil’s hybrid Proof-of-Work & Proof-of-Stake consensus lets users mine the coin, stake with Zerocoin, or both. Veil states that staking with Zerocoin allows Veil users to earn rewards anonymously by holding coins in their wallets. Find Veil on leading data feeds like Nomics, CoinMarketCap, Blockfolio, & CoinGecko. To learn more about Veil, check out their website here.
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