Bitcoin Forum

Hi guys, I read this entry time ago on reddit and searched if it was posted here but I didnt find it. I think its very good thought and I was impressed the first time I read it.
It was posted by u/outerspacerace on r/Monero.



As I view the current cryptocurrency landscape, I am deeply saddened by the lack of insight on the part of users, investors, developers, and commentators as to what cryptocurrency actually is and where its value comes from. The cryptocurrency community has been distracted by useless ICO's, blockchain-based applications with contrived use cases, and the promise to get rich quick.

Cryptocurrency came about to solve a single problem. It emerged from the solitary need for electronic cash. A digital money to exchange assets between individuals across the Internet.

Bitcoin was an amazing first step towards electronic cash. A distributed network that recorded transactions on an immutable public ledger. Wow!

But there are serious issues with Bitcoin that degraded its usefulness as money. The same public ledger which allowed Bitcoin transactions to be recorded also left Bitcoin users without anonymity in their financial transactions. It failed to function as "cash" and became increasingly fraught with problems due to a lack of fungibility and increasing numbers of toxic coins.

This is where Monero enters the picture. Monero maintains the privacy of its users through an immutable blockchain which is totally opaque to the outside observer. This simultaneously makes Monero fungible and private by default. This is big. Where Bitcoin failed over time, Monero was able to succeed quite remarkably in meeting our need for electronic cash.

Monero has solved the world's need for electronic cash and yet the world is nearly oblivious to its existence. There is so much talk of dapps, ICO's, bank-sponsored coins and the like, and yet the single most value-adding proposition of cryptocurrency is being ignored. I believe that there has been a failure to communicate the true value that Monero holds - both due to our inabilities as a community to drive this single point home, and by a lack of effective communication networks for allowing disruptive technologies to be presented to the broader public.

I'm coming to you all in a state of despair. What can I do, what can we all do, to show the world that the answer to one of their biggest problems has already been solved? It seems like the value of Monero is one of the world's best-kept secrets, but why should it be a secret?! Anyone can use Monero right now in a fully accessible manner to send and receive assets that maintain the characteristics of cash. Monero's usefulness was entrenched long before the developers improved accessibility of the software, aimed to reduce transaction sizes, and allowed more novel forms of transactions such as multisignature wallets.

Monero solved the world's need for electronic cash. Let the magnitude of that statement land. Now, how can we let others in on the world's best-kept secret? How can we communicate the remarkable value embodied within Monero?

Nice. 6$ is a big price tho..

I agree, Monero is a very good currency that has solved the main problems of Bitcoin. We need to understand that the crypto-currency world has gone to develop in two different ways. First, it's coins - money / e-money. Bitcoin, Desh, Monero and others. The second way is the network blockchain for creating applications and issuing tokens. These are different things, though they have in common. Don't forget that.

I have found Monero not so far but I like it so much. Its high level of security is really amazing. I hope that Monero will rise more and more and it will be higher than ETH.

This altcoin is really promising for me, its high security is the main advantage of Monero and it is so important now on the cryptocurrency market.