Post
Topic
Board Altcoin Discussion
Re: Monero's ANON FAIL !
by
dinofelis
on 09/12/2016, 15:25:10 UTC
Pseudo-anonimity is good enough for me.


What I find hilarious is that 96.52% of Monero's volume belongs to a single, centralized exchange (polo) which also require people's identity. Until that's fixed I'm not sure how people can push Monero.

Volume is made by traders trading Monero and not users using it.  This traders dont need anonymity they just want to get a short term or long term profit. They would not see it worth trading unless Monero would have unique features.

Indeed, this is similar to bitcoin's situation, where also a very large part of it is trading on exchanges, which don't even need a block chain to exist, but just exchange IOU.  Most of bitcoin's transactions are exchange transactions ; and even most on-chain transactions are trading and not using bitcoin.  Probably the small percentage of real use of bitcoin is higher than Monero's percentage, but real crypto usage is in any case an almost negligible aspect of crypto.