Post
Topic
Board Altcoin Discussion
Re: Monero: A good long-term investment?
by
RealMalatesta
on 03/07/2021, 19:43:50 UTC
Monero is one of the best (if not the best) privacy-oriented cryptocurrencies in the world. Anonymity is enforced by default, making sure your transactions are safe from prying eyes. It's no wonder why XMR is the top privacy coin in market cap. Competitors like DASH, Zcash, BEAM, and even Grin don't stand a chance against Monero's ever-growing user base and mainstream demand. Yet, non-privacy coins are faring better on the market with higher gains within such a short amount of time.
Privacy turns out to be not something we care about that much. I mean bitcoin is "privacy" enough for us, obviously it is not that much private we all know that but there are still some people who have no idea how to track someone from blockchain and that is why it is enough. I have done it before, I have tracked peoples movements to catch them lying about not having the money I told them they do, but that's just me, there are a lot of us around here that can do that, but we are all fine with that much privacy and the excess amount just doesn't really bother me.

Monero could be a good coin for dark net stuff, like drug dealers used to use bitcoin even though it wasn't too private and now they are using monero, hackers use monero as well when they hack into a computer. However at the end of the day there is really nothing monero offers to a regular person.