Bitcoin Forum

Hello internet people hope you all are well.

I was just wondering what do you guys/girls/other think of Monero and its future? Particularly do you believe it could be solved and privacy no longer by default. Or potentially somehow banned everywhere. Maybe new future means of payment or even much bigger and more used than it is now?

Curious to read what other people think of the coin. Its very biased always reading from pro and non pro monero people. Wanted to see what you all say.

Monero / XMR is the old privacy coin which still established untill now, the community is very strong and its hard competitor is Dash. Monero have its own market ( people who like full anonimity ). So my prediction for monero in the future is this coin will stay here. Sometimes you need full store of value which can not be tracked by anyone or any entity.

Monero only Boss is as private and as small and fast transactions. That is it. No matter who developer will be they will develop it in this direction. this year 10 years from now 100 years from now. Having so simple Boss is extremely perfect fro a cryptocurrency to avoid arguments and splitting of community. 

Nothing is banned everywhere. Even something so bad as nuclear weapons. How cant world leaders decide together to ban nuclear weapons if they know that nuclear weapons we have can destroy Earth 1000 times? There is no consensus so it will never be with banning Monero. I will be banned in one country but allowed in other. Naturally more oppressive countries will ban it and more libertarian will let it flourish. In such situation Monero will flourish everywhere.

Monero was mostly created topic on the forum thread.The reason behind this was monero was a potential coin. People still had their hope on the potential of monero.I had some number of monero over a year. Hope will massive hit on this year and give me some decent profit from it. Already I can't handle the loss of usd from the fall of bitcoin price.

Future of the Monero is still not clear, it was delisted from some exchanges due to the regulatory measures while some other privacy coins like Zcash and Grin also being a part of the crypto market for a while. So Moenro also got competition in the market but people now doesn't really care about the privacy since they are trading on centralized exchanges.

XMR is one of the oldest altcoin and I have some XMR in my portfolio.
I think Monero future is bright and I will hold XMR for long time

https://twitter.com/monero/status/1384151769475784711?s=19. The link above is retweet of the developments on monero over the year but I noticed there was no comments on such an interesting exposition. Monero users are more private trade, so their identity might remain discreet while they enjoy holding and trading the coin.

Monero is a good coin with bright future. Right now, we are in the first phase of cryptocurrency mass adoption. Thus, reputable coin like bitcoin and ethereum gain more and more value from investors while they not really care about the technologies. Monero, on the other hand, has a way more better blockchain providing full anonymous and security. In phase 2, when people care more about their data, monero will be widely use to avoid being traced by the authority.

A coin that allows for complete anonymity and extremely low costs. I have been using Monero regularly lately to reduce the cost of withdrawals on centralized exchanges and it is the cheapest of the currencies I can withdraw.
Monero is longtime crypto and strong community. In the future, if the authorities hunt for and injure crypto, Monero is indeed a great store of value for storing everyone's assets.

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So when decentralised exchanges come do you believe monero will be much bigger than it is today?

It's likely that many government won't like it. But as for the P2P transactions, the volume of it will remain and people who have been doing trades that wants to keep their privacy, they'll turn in to Monero. I agree, someday it could also be the same as bitcoin for being a store of value.

Will Monero still be private when you buy it from the exchange and then withdrawing it to your personal wallet?

XMR still is in the bullrun despite the downtrend of most coins these days. Maybe all the traders who had gained a lot are buying this privacy coin because of the Biden Tax law. Its not surprising. XMR will be used widely these days. If there is just a platform just like Uniswap where we could buy XMR, there may be a lot of users there as well.

The governments will force the exchanges to de list privacy based coins once the regulations are implemented and if a government says that they cannot allow privacy based coins to be traded in their country then the exchanges will be forced to remove them to comply with their demands but i do not think they can kill the entire market. The future belongs to DEX and people will be using privacy coins and if they want to convert then they can always use DEX and convert to other coins that are listed in centralized exchanges.

In short we will find things to overcome hurdles and the privacy coins remain to thrive and in a world where the government does not even care about basic privacy of an individual we need to somehow protect ours.

monero is one of the strongest altcoins and also the best privacy coins that already have a wide market.

Monero's price has also looked stable in the last few days, I am very confident of Monero's good potential.

When you are seeking between pros and cons then these links would be a good read up.

https://irishtechnews.ie/the-pros-and-cons-of-monero-versus-bitcoin/
https://www.reddit.com/r/Monero/comments/8bhkpw/a_basic_explanation_of_monero_and_its_pros_and/

When we do talk about future then no one could answer it out because no human can do such thing.

It will still be the good privacy coins for individuals who wanted to protect themselves from the prying eyes, specially from government agencies. So it will be a battle, a sort of cat and mouse game, government trying to break Monero, and the Monero creating a new privacy algo.

There could be more exchanges or governments or countries that are going to ban Monero for obvious reason. So it will be very difficult for us crypto enthusiast to used Monero because of regulatory pressures.

The potential for monero to be banned will always there but i think that it will not happen for now. Monero being created to be a fully anonymous protocol and this is the main focus of monero.
i think that will never change its way to be a payment channel system.
Monero was providing the best way for you to send your money fully anonymous. There is no need for another function to be implemented into the monero and this is enough.
The future of monero will be the same as now.

Monero is outdated technology compared to most other privacy projects and is significantly overvalued. Bitcoin and Litecoin are being upgraded with privacy features, which means the future use case for Monero Atomic swaps are unnecessary. Monero has been delisted from most exchanges and has lost its fungibility. Monero cannot scale to be used as a world currency due to the block size and time required for bulletproofs. A company called ciphertrace, which was funded by darpa- US militry, has two patents on tracking Monero transactions and sells software to do so. The majority of Monero nodes are malicious. Monero is inflationary and has an infinite supply. I could keep going with this, you really need to do your research before investing in Monero. Right now it's pushed by a guy from dollar vigilante and paid Russian internet trolls to new investors who don't know much about how cryptos work. If you want privacy, I would suggest incognito chain or 0xMonero. 0xMonero was created by Monero miners and solves most of Monero's flaws. The whitepaper explains its improvements in great detail.

I do believe if monero will always become a pure privacy coin. I never see the developers of monero having the intention to create an expansion to another field like smartcontract, defi, or something else. Monero has a bright future and is not it the daily trade of monero more than enough to tell you how much the demand for the privacy coin right now? The future is bright but we can't sure this will be forever until there will be another drama with the regulators that was feeling worried about the privacy coin.

I think that most people still believe in the future of monero. The privacy coin is only getting banned on the south korea https://www.cpomagazine.com/data-privacy/south-koreas-new-crypto-aml-law-bans-trading-of-privacy-coins-monero-zcash/

Monero is highly sophisticated code that seems to be extremely difficult to crack, or even impossible. But there could be found ways to reduce privacy. While the technicals are for developers, what I understand is how ring signatures make it impossible to tell which signature is coming from which account. Although there are attempts and even blockchain analytic companies have contracts with institutions to try and break Monero.

For the time being it is private, but who knows, maybe every transaction can be resolved and traced on day. For the time being and possibly for the whole decade, Monero will keep being the top privacy coin.

If there are a small number of nodes, and most of those are malicious, it shouldn't be difficult to determine the identity of transactions. Additionally, one mining pool controls the majority of the hashrate and could double spend or revert transactions if it wished.

Exactly, Monero will become unfungible as it is banned across the world. 0xMR will not be banned because it's built on Ethereum and banks and institutions are beginning to utilize Ethereum. These banks and institutions are required by law to protect the identity of their customers and their financial data and will utilize zk-SNARKS on Ethereum to do so. Ethereum is the future of privacy.

Some people are saying that most of cryptos will disappear, likely because of regulations. I think Ethereum and it's tokens will be safe because the SEC has said Ethereum is not a security and it's traded on the CME with approval of the CFTC.

Monero has a large development team and their currency is anonymous by default. All attempts to de-anonymize this currency have failed.
Monero technology is ahead of Beam, Zcash or Dash in terms of anonymity.
Today there are a lot of anonymous currencies, but over time, 3 - 5 coins will take the leading position, and the rest will lose the competitive battle.

Although I agree with a lot of what you are saying, Monero is just a fork of bytecoin. It's a cryptonote coin and there are 100 other cryptonote coins with a lower marketcap. If I were to actually want to use Monero to buy something I'm not supposed to be, I would a cryptonote coin because most agencies and companies are actively trying to monitor Monero transactions. Virtually nobody is going to be trying to trace your turtlecoin transactions and it's fundamentally the same base code.

Monero is one of the oldest altcoins in a crypto, and is one of the strongest altcoins that already have a fairly wide market network, I am a sure monero will grown in the future, and become the best privacy coin in a crypto, even now the price of this altcoin is very stable.  Maybe it takes a little encouragement to be able to improve in the future,

I am sorry to say this, but Monero is a failed coin. There are multiple reasons for this, such as security bugs and liquidity issues. But it has lost is prominence in the altcoin sector and nowadays it is largely being viewed as a coin which is sliding towards its eventual death. The biggest drawback for Monero is that cryptocurrency sector itself is now trying to get regulatory acceptance. And the authorities are extremely hostile to Monero and it has zero chance of getting that acceptance. And this would mean that more and more users and exchanges would distance themselves from XMR. The future looks bleak.

Think of it. If transactions cant be linked like in transparent ledger cryptocurrenies then yes.  If you can buy Bitcoin anonymously and spend it anonymously then you dont really need Monero. But world situation is that more and more exchanges demand KYC. And situation in RL is that you cant buy many things anonymously. You cant go to bar and order coffee and waiter cant see you when serve you coffee. It is impossible. Monero solves this. The moment you make a transaction trail is lost.

A lot of people value their privacy very highly. It is such people who trade on decentralized exchanges, because they do not want to pass KYC and hold Monero, which is the best anonymous coin to date. And as long as there are such people, anonymous coins will always be in demand.

Monero This is a very powerful project. wonderful company, everything at the highest level, responsive staff, a reliable and promising project! I advise you to pay attention to it. A successful project that has not left me without attention, I believe that the company is the best offer on the market.

I think that the regulation will not make it to be disappeared but it will not able to enter in the market that under the regulartor who has been banning monero. Did you remember south korea? The privacy coin was not able to enter on the south korea marketplace due to the regulation to ban privacy coin.
Any coin or token that can compliant with the regulation will be safe but it doesn't mean crypto will die just because getting banned in some countries.

Just like Bitcoin that the private sectors want to control, there are plenty of people that really want to crack and prove that they can crack up the privacy of Monero, In my experience with Monero it is a great coin that will always follow the step of Bitcoin when you see Bitcoin rise so does other cryptocurrencies like Monero as of now bitcoin drop to $49,000 so does Monero $348.11 USD at the moment but Monero had to establish its worth and I think will stay,

if you are thinking of investing an amount with Monero then do it at your own risk but this is for certain in the future because of that uniqueness of Monero it will surely go further.

The current situation is bad for the privacy coin, the government still thinks this coin is annoying. but in the future I believe the future of privacy coins like Monero (XMR) is very bright. nowadays people prefer decentralized to centralized. they really take care of their privacy, that's why I'm sure if there is a type of payment that can maintain their privacy they will definitely use it.

I read some governments are trying to ban all privacy oriented cryptocurrencies and more particularly on the coins like monero and grin. But not sure how deep if anything such will be happening but after that kind of news I am seeing monero and grin are heavily suffering due to lack of continuous investors.

Personally I will not invest into monero right away even it is trading cheaper than what we had in the past; I might need some more time to watch it so that I will be finalizing my decision regarding monero.

since 2018 when monero was booming until now, monero has a good community monero can survive among the many new coins that offer a more modern concept. I think monero will still have potential in the future considering that monero can still survive in the crypto market today

I have always kept my views on this coin from the beginning to the present from Sam Monac, Head of Research, Token Metrics, said:
So no matter what the future looks like, my opinion about it hasn't changed.

It depends, if Monero got really popular that it's used for various negative things in which opposes the government and the government itself feels like they got disturbed by this coin and could affect them somewhat they gonna pursue the local exchange to ban monero and that could trigger the chain reaction of many other governments aswell but I doubt anyone could somewhat solve monero's blockchain or crack it to cause the coin itself loses its anonimity. So far, even IRS offered bounty with hefty amount and none has ever published to have cracked the blockchain. In this case the most obvious way of govt dealing with it is ban as I said earlier and therefore already impactful enough make monero lose liquidity. The future isn't really bright for monero frankly speaking, just keep it under the radar and itll be fine.

Monero can be tracked, see this thread- https://bitcointalk.org/index.php?topic=5286887.180

Monero cant be tracked. A week ago I made a transaction. Can you trace it please. Tell me what I bought and how much I paid and who I traded with. Thank you.  Oh can you also tell me how much coins I have left in my wallet and how much coins have guy I sent coins to. I love to spy on people :)  Thx again buddy.

The moment Monero coins leave your wallet no one knows where they went. And not only that. No one even know what is in your wallet right now. Are coins still there or they were sent out.