Verge's technology may be good. But the price is very swollen. I have to be very careful when buying. It can be knocked down on a name.
The price got huge bump, but if we compare it with similar coins - Monero then this price still very cheap.
Because of verge's huge supply, it will never reach the value of Monero.
All other things being equal, verge should reach 0.1 of moneros price if its just down to supply as it has x10 more coins. However, are all other factors equal??!!! 🤔
No it should not... XVG is bitcoin behind tor with stealth addresses to hide the receiver... it's not anonymous at all
monero also hides:
- sender: ring signatures
- amount being sent: ring ct
Not sure if any of you XVG-fans do any reading, but here's some research that shows how detrimental optional privacy and not hiding amounts is for privacy:
https://z.cash/blog/new-research-on-shielded-ecosystem.htmlals, compare this:
https://verge-blockchain.info/richlistand
https://moneroblocks.info/richlistnow tell me which is most private?
For the purposes of this conversation, anonymity means that if Jane gives $10 to Jill, neither Jane nor Jill will be identified because their IP addresses are hidden. The public ledger will record that $10 went from some wallet (Jane's) to some other wallet (Jill's) but anyone looking at the ledger will just see wallet addresses, with no way of tracing them to a particular user. That is what anonymity means for Verge. This covers the need for privacy but also the need to have a public record of transactions which any non-trivial operation or business will want to have. It is a balancing act between individual privacy (we don't know Jane or Jill) and transparency of transactions - we know the transaction happened, just not what particular individuals were involved in the transaction.