Post
Topic
Board Announcements (Altcoins)
Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
by
2Q9acN
on 07/06/2024, 05:56:08 UTC
For those who want a high degree of privacy, monero is the best choice but it is not completely anonymous if you use centralized channels, slowly the large exchanges are starting to delist it under pressure from various governments but it still remains a good alternative for those who don't want to show their financial movements

It is the best choice among existing coins that already have significant adoption. That said, after Monero becomes delisted and perhaps banned in the future by the governments, some governments may be interested in co-opting it by mining it in a pool in order to gain majority hashpower. As the emission part of the block reward does not contribute to the censorship resistance, an upgrade that cap / stop the emission of new xmr would make Monero more censorship-resistant and would make dealing with hostile miner attacks easier. Recall the attack on Grin). The developers of the coins like Kaspa or Wownero understand this threat - there is no tail emission of these coins.