The full report is available here:
https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0AThe largest upside we see in the entire cryptoasset market is in the Privacy sector. Although Privacy networks are newer entrants, we believe the network effects seen from the likes of BTC earlier on will be repeated within dominant coins here. Not only do these coins target the same large and lower velocity store of value market as BTC and Currencies, they present a much deeper value proposition within those markets. As we stated above, the largest drivers of adoption within these networks will be continued pressure from capital controls, currency devaluation, and broader global turmoil. The use cases within the Privacy markets are incredibly sticky and feed on adoption, especially when regulators and law enforcement are making efforts to increase forensic penetration into public networks like BTC. Privacy networks do lack liquidity when compared to more commonly used Currencies, but they excel in and push the extremes of each use case within Currency networks. Recently, we have already seen early signs of adoption by some of these cryptoassets; ransoms being posted to large corporations where even BTC could be tracked and was not the preferred method, money laundering, and asset shielding. Looking into the space, we believe the use cases that target the largest end-markets will primarily use XMR (~60%) and ZEC (~20%). Despite developers and executives associated with these projects declining to comment upon illegal use (to avoid legal ramifications), the largest opportunity within the Privacy networks will be unlawful activities. Considering the nature of the use cases, the Privacy market user base will most likely rely on networks that have more active codebase development, more resistance to centralized control (possibly through mining), a growing ecosystem, and growing user base. Not only is XMR far more active in codebase development (prior report, pg. 20) and resistant to centralized mining efforts, it is fungible. While ZEC has an easier time being traded in regulated markets (since it has privacy features by request, not by default), we believe this will be a setback to adoption by darker markets, which prefer networks that are fungible (where more addresses use privacy than those which do not, making it more difficult to track down/blacklist tainted addresses). Only ~5% of the ZEC network uses “shielded” (or private) addresses currently, with the rest of the addresses being used for transactions functionally and technically no different than BTC.
I remember reading that when it was first released (did you post it back then?). But was unsure then whether to put any credence into it or not. I find it hard to believe Dash will be in the green or even exist at that time. But then again I can't believe alot of shitcoin scams are still around. People never cease to amaze me.
After all, this recent bloodbath the price of Monero has resisted well. I remember that for some time it was similar to the LTC. Now it's double. Not that this comparison is worth anything, but it is a simple way to compare.
There was a great fall with the hunt the anonymous coins by the authorities of Asian countries. But in those two weeks besides resisting the falls still rises above average.
Monero is undoubtedly the only anonymous project. Still has several difficulties. But my theory is that some people are selling BTCs from their exchanges in an attempt to escape from KYC and to leave no trace they choose Monero.
This shows that eventually, monero will outperform other projects as the standard currency of those seeking freedom and privacy.
Monero took a big hit really early and has pretty much found it's floor I think, but in this space who knows???
lol
weeee