March 28, 2023

Maintaining Monero’s Fungibility in light of NFTs, tx_Extra & Steganography w/ Justin Ehrenhofer

1 hour

TODAY'S 🎙SHOW: Douglas Tuman interviews Justin Ehrenhofer, Monero Community organizer, VP of Operations at Cake Labs

The two discuss the recent drama around mordinals, the fungibility implications of having NFTs on the Monero blockchain, the pros and cons of tx_extra, how data can always be stored in the blockchain via steganography, the emerging ideas and solutions in the Monero community, prioritizing fungibility, full membership proofs, toxic outputs, achieving consensus on making sure Monero functions as digital cash first and foremost, future hard forks and much more!

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⏱Timestamps:

00:00:00 Intro

00:02:20 A Quick Catch-Up with Justin Ehrenhofer

00:04:15 Mordinals, Monero's Fungibility and Justin's Viewpoint on NFTs

00:10:32 What is the Issue with Having NFTs on Monero?

00:12:25 Developers' Response to Monero Ordinals

00:18:25 The Pros and Cons of Removing TX-EXTRA

00:31:35 The Encryption of TX-EXTRA Field

00:36:40 Elimination of TX-EXtra Field, Seraphis and Full Membership Proofs

00:48:35 Monero's Next Hard Fork and the Future of Mordinals

00:56:50 The Purpose of Monero's Blockchain Existence

00:59:55 Outro

🔗Links:

Twitter: https://twitter.com/jehrenhofer?s=21&t=Hmr2oAQv9Nd82IOU0vcEIw

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