Saturday, April 10, 2021

Bitcoin Maximalist Peter McCormack Says He Doesn’t Mind Monero (XMR), Erik Voorhees Responds

Peter McCormack, the host of What Bitcoin Did, a Podcast centered on Bitcoin-related discussions, has revealed that he does not mind being offered Monero (XMR), the world’s largest privacy coin.

There was a thread of tweets on 20th March 2021, which involved Peter McCormack and another Bitcoin proponent who also support other decentralized crypto projects, Erik Voorhees, the CEO of the self-custody crypto platform, Shapeshift.com.

Read Also: Monero (XMR) To Be Listed On Bitrue Exchange

In the thread of tweets, Voorhees condemned McCormack for subjecting all crypto projects aside from Bitcoin to being shitcoins, believing there are other projects out there with great potentials.

In the course of the altercation between the two crypto big guns, a crypto enthusiast bumped into the discussion with a position that didn’t go down well with Voorhees. The users pointed out that “There is no “decentralized altcoin”

In response to the user’s assertion, Erik Voorhees wrote, “That’s just false. A myth maxis tell themselves and each other to prevent them from the decision of study.”

Read Also: Bittrex Announces the Delisting of Monero (XMR), ZCash and Dash without Definite Reason

Peter McCormack also responded by listing features in crypto projects he could adopt aside from Bitcoin (BTC):

“Outside of Bitcoin, what is meaningfully decentralised, in that: – A user can spin up a node on a cheap device – Is resistant to state censorship – Is resistant to internal censorship (back doors etc…) – Is directionally becoming more decentralized.”

Monero Enthusiast Suggested XMR for Peter McCormack

Giving the features listed by Peter McCormack a careful look, a Monero enthusiast thinks XMR is the most appropriate:

“Peter, there are at least 100 projects that meet this criteria. The biggest probably being XMR, but I’m sure if you looked on your own you could easily find many more. Not all alt projects are centralized ERC20 tokens. Look at pow projects if you need a place to start.”

In response to the user’s suggestion, Peter McCormack said, “I don’t mind Monero”, a cryptocurrency that vastly represents privacy in the crypto industry.”

Erik Voorhees responded to Peter’s “I don’t mind Monero” comment to show that many Bitcoin maximalists don’t really know what they want.

Read Also: US Internal Revenue Services (IRS) Will Pay $625,000 To Whoever Cracks Monero Network’s Privacy Wall

Erik Voorhees tweeted, “The Overton Window permits the bravest maxis to sometimes express that they “don’t mind Monero” They “don’t mind” open source anonymous crypto currency. But they’ll highly recommend many centralized government surveillance exchanges. Find the plot guys.’”

Number of Miners on Monero Network Hits New All-Time High

There are indications that the network of the world’s largest privacy coin, Monero, has not ceased from growing despite challenges.

According to an update shared via the official Twitter handle of Monero (XMR), the number of miners on the Monero network has recorded a new all-time high.

Read Also: Microsoft: Cyber Con Artists Use Monero (XMR) to Cover Up Attacks on Nation-States

Going by the report, the network has now accrued over 80,000 miners, indicating an influx of new miners into the Monero ecosystem.

Monero tweeted, “The number of miners on the Monero network has broken through the 80k barrier (a new ATH)! A warm welcome to all new miners!”


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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