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Topic: Why is Monero so unpopular? - page 10. (Read 1700 times)

legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
August 20, 2023, 04:49:51 AM
#6
Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?
Most cryptocurrency users care about profit, not privacy. Few think about it and therefore, coins like monero are not so interesting for investors. Look at xrp, which has a huge amount of investor money poured into it, and ask yourself why this worthless shitcoin is preferred over xmr.

Monero may not be as popular, but it certainly has its own user base. It is likely that over time, when there will be less financial freedom due to CBDC, coins that allow to remain confidential will rise again and become in demand, but for now, their fate is not enviable. In fact, the value of a coin is not a direct indicator of popularity. To understand this, it is necessary to check the number of daily transactions in the xmr network and compare with other altcoins.
legendary
Activity: 3122
Merit: 1032
#1 VIP Crypto Casino
August 20, 2023, 04:40:02 AM
#5
Well I think when it was created in 2014 we thought it would be the only real coin for 'privacy'. But now there is so many other alt coins that have more privacy then moreno.
I just think some new ones came along. It is a old coin like Dash and Zcoin that now are not so popular and with less marketcap then they had years back.
legendary
Activity: 1932
Merit: 1273
August 20, 2023, 04:23:55 AM
#4
Regulatory outlook. Many regulatory bodies are aware that a cryptocurrency that is built with privacy technologies enabled by default is not easily trackable. So there are many limitations set in place to prevent further adoption of such cryptocurrency, in this case, Monero.

Besides, a specific purpose is built for different uses. People who love flexibility or more new things favour smart-contract-focused cryptocurrency. One thing is for sure there are people who maintain and protect their own privacy thoughtfully, and that suits them to utilise Monero. Each coin has its own purpose, and each user is free to choose what suits them.

With that in mind, popularity is not a metric that might be worth considering.
hero member
Activity: 1148
Merit: 796
August 20, 2023, 03:48:02 AM
#3
There are many centralized exchanges delisted Monero and privacy concern topic is a thing that the centralized entity e.g. government don't like it. If there are articles or influencers talk about privacy concern, they could be targeted since they're become the risk of centralized entity in order to control their citizen.

Or maybe there are many people don't care about privacy.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
August 20, 2023, 03:15:48 AM
#2
Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?
Bitcoin is the main coin while other coins are altcoins. People also know monero too. Monero is the 28th on the list if marketcap is used for comparison. It is having a marketcap of over $2.6 billion. Which means it is a good coin.

But if you expectations about the coins is not up to what the marketcap is, it is good to know that most people that are into crypto do not care about privacy, they care about investing and making profit from the coin they invested in.
newbie
Activity: 20
Merit: 1
August 20, 2023, 03:02:36 AM
#1
Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?
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