Post
Topic
Board Altcoin Discussion
Re: Question about Monero from a Bitcoin maxi
by
seoincorporation
on 19/06/2021, 14:33:31 UTC
I've been in crypto for the last 4 years and I've been a maxi for the last 3. However, I've always had respect for the Monero project. Can somebody make the case why Monero does not live up to it's promises / is a scam / will fail?

More specifically I'm interested in the hearing arguments about the following issues:

a) Is Monero as suited for it's stated goal of private transactions as it claims
b) Is it better suited to this goal than using properly coinjoined btc over Tor
c) Is Monero actually decentralized to a decent degree
d) Why Monero will fail in the long run

Monero is an anonymous coin, and that's a problem for the exchanges because their business is to track the money and the users, but monero makes the job terribly hard for them. That's why some exchanges delisted it.

The code behind monero makes it impossible to track the transaction or the money, if you go to a monero block explorer you will only see transactions with fake information, things like: Send ? To ?, the address you see in the block explorer are not the real ones, that makes it hard to track it. And if you really want to understand how it works then you should read this book: https://masteringmonero.com/

Monero will not fail in the long run, you can be sure of that.