Quote from: Abiky on September 14, 2023, 12:22:20 PM

Quote from: AmoreJaz on September 12, 2023, 11:24:42 PM

besides, not many crypto users have the knowledge to use monero. so they stick to known ones like bitcoin. also some exchanges are not offering the monero trading pair because of regulations.
but for those who are after for their privacy, i believe, they will find monero. and also, monero team is not so keen in marketing their coin. hence, even new users are not into this privacy coin.

Indeed. Unlike Bitcoin and similar cryptocurrencies, Monero has a steep learning curve. It uses three keys instead of two (spending key, view key, public key). Additionally, Monero wallets ask users how many "mixins" they want before making a transaction (the higher the number, the more anonymous your transaction will be).

I guess that's why Monero is not as widely-adopted as other coins (aside from the fact that it's a privacy coin often attacked by governments themselves). It's likely XMR will end up being traded solely at decentralized exchanges and P2P trading platforms due to fierce government regulations. As long as it's able to stay private and decentralized forever, there should be nothing to worry about. Just my opinion

Anyone would rather than avoid to use this privacy coin instead of being accused by government to do criminal activities and being jailed. Privacy is not a major concern for anyone in crypto. To be transparent, they agree to provide their identities to the exchange site.
Privacy coin may not be needed again. The regulators can easily accuse people who used privacy coin to be connected with some criminal activities. Monero is good only for p2p transaction.
The beauty of privacy coin already burned by regulators with so many restrictions.