Post
Topic
Board Altcoin Discussion
Re: Why is Monero so unpopular?
by
btc78
on 20/02/2024, 10:37:47 UTC
Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Unfortunately its strengths have led to its downfall in the hopes of becoming a main coin.

It is to exceptional that it does its job too well. Some people might grow confused. If it is that good then why is it not as popular as other main coins? Cryptocurrency in general already is seen in a bad light by some governments and other people who might not be as knowledgeable regarding crypto. They have misconceptions such as cryptocurrency is a scam or that it is mainly used by criminals.

Which  leads us to privacy coins. Some cryptocurrencies are decentralized in nature hence there is already some sense of security regarding our identity but privacy coins are unique in a way that they were made solely to protect the identity of its users. It has enhanced other features other cryptocurrencies may have making it popular among those who value their anonymity so much.

A lot of governments see this as alarming as these privacy coins can be used for criminal activities. This is why its exposure is only limited.