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


March 28th, 2023

1 hr 36 secs

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About this Episode

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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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


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