Why is Monero so unpopular? - page 3.

wheelz1200

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Quote from: j1792 on August 20, 2023, 03:02:36 AM

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero was quite big some time ago. For me personally I found it back years ago and couldn't be bothered with trying to figure out how to use it (I was fairly new to crypto when monero came out). The harder something is to use then the less popular it is. Because generally speaking most people even now don't exactly know how crypto works so they stick to the "easy" coins.

tengui

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Quote from: synchronym on February 03, 2024, 05:07:13 PM

Monero currency is generally anti-government. The government does not like this currency so much, because of which many people may not use Monero currency because it is very complicated to buy and sell transactions for those who will invest in this currency. If this time Bitcoin is not valid in many countries but Bitcoin is valid in many developed countries Bitcoin currency is in circulation. In all the countries where Bitcoin is not legal, the people of the country are able to do Bitcoin transactions comfortably and they have advanced in life by exchanging and investing in Bitcoin.

very complicated in transactions? What is the difference between MONERO transactions and other cryptocurrencies?
Despite that problem, MONERO is currently ranked 44th in CMC and has a fairly large 24-hour volume, and I think this fact shows that there are still many people making MONERO transactions.

Abiky

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Quote from: Hispo on February 05, 2024, 04:56:46 AM

Heh. That is rather an ironic image made by the Monero community themselves to encourage people into buying Monero. Actually, Monero is one of the cryptocurrencies I have seen to have a dedicated community behind it which is willing to actively donate to the developer team and also donate for projects to further sow awareness about Monero in people interested (or not) into privacy. The silliest way I have seen them do that it has been by creating a common fund to hire artists and draw the Monero mascot/waifu "Monero-chan" in very suggestive and funny situations.

For some reason using a representation of the coin/brand in the form of an anime characters is something which is even being done by brands like Opera GX, to appeal the younger generations of internet users and fans of japanese animation.
You should look for Monero Chan, you may like the strategy Monero bros are using to make their coin well known, be advice though, some of the pictures/representations could be considered to be raunchy or even not safe for work.

Banks, governments, and big investors may not like Monero. But that doesn't mean "it's the end of the world". The privacy coin will survive thanks to the way it was designed. Who needs centralized exchanges and the endorsement of "Wall Street", anyways? It's not about the money, but rather how Blockchain tech can make our world a better place.

If you're a true believer of crypto, use Monero. Otherwise you can choose among the plenty of centralized "shitcoins" available on the market. Even Bitcoin is becoming centralized with the spot ETFs. Hopefully, Monero will live alongside Fiat currencies for generations. Just my thoughts Grin

jwinterm

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Quote from: Hispo on February 05, 2024, 04:56:46 AM

Quote from: jwinterm on February 05, 2024, 04:36:52 AM

Heh. That is rather an ironic image made by the Monero community themselves to encourage people into buying Monero. Actually, Monero is one of the cryptocurrencies I have seen to have a dedicated community behind it which is willing to actively donate to the developer team and also donate for projects to further sow awareness about Monero in people interested (or not) into privacy. The silliest way I have seen them do that it has been by creating a common fund to hire artists and draw the Monero mascot/waifu "Monero-chan" in very suggestive and funny situations.

For some reason using a representation of the coin/brand in the form of an anime characters is something which is even being done by brands like Opera GX, to appeal the younger generations of internet users and fans of japanese animation.
You should look for Monero Chan, you may like the strategy Monero bros are using to make their coin well known, be advice though, some of the pictures/representations could be considered to be raunchy or even not safe for work.

As the founder of wownero I'm familiar with monerochan and wownerochan 😸

If you like memes and privacy check out suchwow.xyz

Abu-Naim

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Quote from: Romeotom on February 16, 2024, 01:21:05 PM

In fact, bitcoin is the main currency with the highest number of investors and the highest popularity. So if you talk about the popularity of an altcoins then you must consider the reality of that project. Moreover there are many good and high ranked tokens in the crypto market but not all are popular. In fact, the development of a project will be popular and will replace the project in a different way. You are talking about Monero its really good coin all the time but maybe less users from this forum thats why its not getting the hype.

Momero is a decentralized coin just like Bitcoin, but Bitcoin is the main one as it is the pioneer cryptocurrency that almost all altcoins are building up on, they are all building new projects to counter Bitcoin which is not possible because of their centralized nature.
Monroe is a good coin that have a very good privacy none will expect, people are not too familiar with it and that’s why it is good for privacy sake more than Bitcoin itself.

Romeotom

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In fact, bitcoin is the main currency with the highest number of investors and the highest popularity. So if you talk about the popularity of an altcoins then you must consider the reality of that project. Moreover there are many good and high ranked tokens in the crypto market but not all are popular. In fact, the development of a project will be popular and will replace the project in a different way. You are talking about Monero its really good coin all the time but maybe less users from this forum thats why its not getting the hype.

john1010

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Quote from: j1792 on August 20, 2023, 03:02:36 AM

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero isn't as popular as Bitcoin or other big cryptocurrencies for a few reasons:

Not Well Known: Many people haven't heard of Monero because it's not as widely talked about or advertised.

Privacy Concerns: Monero's focus on privacy makes some regulators worried it could be used for illegal activities. This has made it harder for Monero to be accepted by big companies or banks.

Not on All Exchanges: Some cryptocurrency exchanges don't list Monero because of its privacy features, which can make it harder for people to buy and sell.

Complex Transactions: Using Monero can be more complicated than other cryptocurrencies because of its privacy features, which might put off some users.

Competition with Established Cryptocurrencies: Bitcoin and other big cryptocurrencies have been around longer and are more widely used, making it harder for Monero to compete.

Despite these challenges, Monero still has a loyal following and is used in situations where people really care about privacy. As more people become aware of privacy issues and rules change, Monero might become more popular in the future.

MercerAlex

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It's like Monero is the super-secret agent of cryptocurrencies - so undercover it's off most people's radar. Monero's not as easy to dive into for crypto newbies compared to the likes of Bitcoin or Ethereum, which practically everyone and their grandma knows about.

Hispo

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Quote from: jwinterm on February 05, 2024, 04:36:52 AM

Heh. That is rather an ironic image made by the Monero community themselves to encourage people into buying Monero. Actually, Monero is one of the cryptocurrencies I have seen to have a dedicated community behind it which is willing to actively donate to the developer team and also donate for projects to further sow awareness about Monero in people interested (or not) into privacy. The silliest way I have seen them do that it has been by creating a common fund to hire artists and draw the Monero mascot/waifu "Monero-chan" in very suggestive and funny situations.

For some reason using a representation of the coin/brand in the form of an anime characters is something which is even being done by brands like Opera GX, to appeal the younger generations of internet users and fans of japanese animation.
You should look for Monero Chan, you may like the strategy Monero bros are using to make their coin well known, be advice though, some of the pictures/representations could be considered to be raunchy or even not safe for work.

jwinterm

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Abiky

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Quote from: PIMPdev on February 03, 2024, 08:34:48 AM

Because most people want to trade coins, or just buy and hold them to sell at a greater price. Privacy and technology are for enthusiasts, not for the masses. It has always been like that.

Of course. Why shouldn't they? After all, the majority only wants to get rich with the hype. I'm afraid it will continue like this for as long as crypto lives. Only a handful of people (very small minority) will continue to support truly-decentralized and private cryptocurrencies. Monero seems to be the clear winner here in regards to privacy/anonymity. Governments don't like it because of its privacy features. Between false propaganda, and exchange de-listings, XMR has suffered from low adoption since its inception.

What I like the most is Monero's resistance against ASIC hardware. Upgrades every 6 months will keep it that way forever. Since it's easy to mine with a CPU or GPU, anyone can participate in the network consensus. This means more decentralization and less inequality. Maybe XMR will outlive many of the privacy coins we know and love today? Cheesy

dimonstration

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Quote from: Pi-network314159 on February 03, 2024, 06:18:08 PM

Quote from: j1792 on August 20, 2023, 03:02:36 AM

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

For me security is a main feature but people over looked it and see it not that important immediately after creation. except when we lost access to it before we becomes more careful or start looking for it. But for the monero I don't really know about.

Monero is very secured and private. This is the reason why government doesn’t condone the use it because people can easily hide their laundering and tax evasion by just purchasing this coin since there’s no way to track it.

Monero is not popular nowadays for common people because not everyone in crypto seek privacy. The majority prioritize profit than privacy that’s why CEX is still popular over DEX even with the breach of their privacy. Monero is now delisted on some major exchange that makes it less exposed to traders and investors. Monero is not unpopular but not popular either.

cryptoknightt

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Do you think privacy is a major issue in the real estate sector?
I don't think so, even though crypto supports a decentralized system, privacy is not completely the main pioneer here.
If that's the case, Monero should be at the top.
but until now I have never interacted on the Monero network at all.

batang_bitcoin

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Because we've got bitcoin as the main coin.

Quote from: Pi-network314159 on February 03, 2024, 06:18:08 PM

For me security is a main feature but people over looked it and see it not that important immediately after creation. except when we lost access to it before we becomes more careful or start looking for it. But for the monero I don't really know about.

Security is top priority for most of the systems including these projects. But they won't settle for the best security and what matters to most is the profitability of it. Whether we like it or not, that's how this world comes up with the idea of how good a project is and that's because on how profitable it is.

Pi-network314159

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Quote from: j1792 on August 20, 2023, 03:02:36 AM

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

For me security is a main feature but people over looked it and see it not that important immediately after creation. except when we lost access to it before we becomes more careful or start looking for it. But for the monero I don't really know about.

synchronym

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Monero currency is generally anti-government. The government does not like this currency so much, because of which many people may not use Monero currency because it is very complicated to buy and sell transactions for those who will invest in this currency. If this time Bitcoin is not valid in many countries but Bitcoin is valid in many developed countries Bitcoin currency is in circulation. In all the countries where Bitcoin is not legal, the people of the country are able to do Bitcoin transactions comfortably and they have advanced in life by exchanging and investing in Bitcoin.

Bushdark

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Quote from: tengui on January 31, 2024, 07:49:27 AM

What main coin do you mean? and what kind of privacy does monero offer?
Main coin means beating bitcoin or becoming the king of altcoins? in crypto it is not only about privacy but also about technology, popularity and transaction speed.

Transaction speed and technology is one of the things that can make a project to go far in the cryptocurrency market.
Once we understand how to get things done that would attract more investors, that project is going to go farther than it other competitors. There are many crypto projects that are pegging their values to Bitcoin which does not make any sense at all.
Some would want to beat Bitcoin saying they are better than the most influential crypto project in the market.

PIMPdev

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Because most people want to trade coins, or just buy and hold them to sell at a greater price. Privacy and technology are for enthusiasts, not for the masses. It has always been like that.

Sophokles

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Quote from: tengui on January 31, 2024, 07:49:27 AM

What main coin do you mean? and what kind of privacy does monero offer?
Main coin means beating bitcoin or becoming the king of altcoins? in crypto it is not only about privacy but also about technology, popularity and transaction speed.

You should study about monero and its privacy protocol. Your lack of knowledge about privacy protocols is new so you should know that they are a bit different from bitcoin in terms of technology. Bitcoin transactions are publicly available for the world when monero offers privacy which is very demanded among the institutions. Institutional investor don't want to show their track record to the world for strategic reasons, so they would like to use a blockchain like monero and this is the same reason for the government don't like it.

jwinterm

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Quote from: j1792 on August 20, 2023, 03:02:36 AM

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero was a top 5 coin by mcap at one point, and it is still top 30 and I would say a "main coin". Honestly I think Monero has the third biggest real community/network of supporters and true believers after BTC and ETH.

Topic: Why is Monero so unpopular? - page 3. (Read 1700 times)