Monero Talk
Monero Talk
Monero Talk
The Privacy Coin Surge: How Monero, Zcash, and Others Are Competing — w/ Diego Salazar | EPI 366
1 hour 52 minutes Posted Oct 28, 2025 at 5:00 pm.
Introductions of Diego, Brandon, and Luke and discussion about the first Monero conference in 2017
Diego explains Full Chain Membership Proofs (FCMPs)
Discussion about "moon math" and the comparison between Monero and Zcash's mathematical approaches
Brandon begins telling the Zcash origin story and trusted setup ceremony
Comparison of Monero and Zcash projects
Diego discusses what Monero needs to do to maintain its lead
Discussion of interesting privacy tech projects outside of Monero
Conversation about funding for Monero development
Closing remarks and discussion about Monero Topia conference
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TODAY'S SHOW: This episode of Monero Talk features the CypherStack team — CEO Diego Salazar and mathematicians Brandon “Surae” Goodell and Luke — for a deep dive into Monero’s Full Chain Membership Proofs (FCMPs) and how they compare to Zcash.
CypherStack is a privacy-focused research and development company behind Stack Wallet. Diego handles strategy while Brandon and Luke lead the mathematical research for Monero. They discussed their contributions to FCMPs, a major upgrade aimed at improving Monero’s privacy and scalability. While critics from the Zcash community call FCMPs “unproven,” the team explained that it uses well-established mathematics, not untested theory.
They also compared Monero’s community-driven model with Zcash’s corporate structure, noting strengths and trade-offs in both approaches. Despite praising Zcash’s Halo 2 privacy tech, they argue Monero’s privacy-by-default design gives it a real-world edge.On timelines, Diego said FCMPs are “three steps from the finish line” but still tackling technical challenges. The episode ends with a candid look at funding struggles in open-source development and a call for continued community support.
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