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
a) Is Monero as suited for it's stated goal of private transactions as it claims- no, Monero can be tracked by monitoring node traffic and using tools patented by ciphertrace.
b) Is it better suited to this goal than using properly coinjoined btc over Tor- No, both are not safe and likely honeypots.
c) Is Monero actually decentralized to a decent degree- No, the majority of mining is done by cryptojacker malware and one mining pool controls the majority of the hashrate and can 51% attack at any time.
d) Why Monero will fail in the long run- No, due to it's design, Monero can never scale to be used as a world currency due to the time it takes to process bulletproofs, transaction confirmations, block size/centralization limitations.
Due to these reasons and more I sold my Monero for 0xMonero.
As for a), could we run the experiment with a transaction of mine? You put is as if it was no problem to track Monero transactions. Cool, let's assume I believe you, would you be so kind and deliver some proof? What do you need from me to show that you successfully tracked my Monero transaction from one address to another, let's just go for a one step transaction.