Re: Bitcoin Vs Monero - Privacy as the world becomes more dystopian
Are you sure it is getting a lot of adoption on exchanges? Because I know there's a lot of DEXes that are supporting Monero, but it seems like centralized exchanges are rushing to drop it like a hot potato (because "money laundering" and "crime" and ... you get the idea).
You are right that Monero should not be ignored though. Both of these coins solve different kinds of problems.
You are right that Monero should not be ignored though. Both of these coins solve different kinds of problems.
While Bitcoin provides you with a transparent blockchain ledger where everyone can see the transactions but i am afraid that for this to be workable perfectly, we also need a transparent honest world where people may not try to misuse this transparent data
Monero solves a lot of problems for a common man who needs to hide the transactions from the cruel government system (by the way Satoshi developed Bitcoin in order to have an alternative monetary system not controllable by the authorities but by the people).
We will see CEX stop the support for privacy coins in order to comply with the regulations and this is the same that they are implementing KYC to cope with regulations. Anyways even though no centralized exchange supports XMR. it will still be widely used in the decentralized world.