Bitcoin Forum

I've already asked in this section what could be a good alternative to Monero, but I haven't specified the reason of my question, so literally everybody were wondering why I was looking for an alternative despite having such a good platform like XMR.

The reason is that future regulations scare me a little bit, specially privacy limitations, they've already wiped out Tornado Cash and Blender, because "they are perfect for money laundering".

Their next target will be privacy coins, more specifically Monero, and nobody will change my mind, regulators already issued statements against Monero and I think it's only matter of time.

So, do you know any good alternatives to Monero?

Fuck them, stay monero, your keys your coins, fuck their regulations and exchanges. Physicals are a nice option to deal with monero.

That doesn't seem to be a right story about that. As far as i know if monero has been exist even longer in the market compared with tornado or something like that but the problem is regulators can do nothing against monero. Did you remember how hard SEC tried to crack down monero until it was creating a competition? It was not ended with a successful result. I remember that a company claimed able to crack down monero's tech but it has not even proven. I think monero is quite safe.

If that is really the case then we have nothing to worry about then. This topic has been discussed for years now and nothing has changed since then because as you said, the SEC can't do anything about it. Monero is perfect for hiding your transactions and crypto assets and also other privacy coins like it and they cannot just simply remove it or put some heavy regulations against it because it's not that simple and the evidence for that is until now, they haven't made any progress on shutting it down.

They have already done that, and so far, nothing happen, If im not mistaken there is an article about the IRS launching a bounty just to crack the Monero code, But until now there's nothing happen, and Monero is still traded in some exchanges, so why bother? I believe even if it will delist in a major crypto exchange especially the centralized one, Monero still survive but hopefully not without any DeX replacement. Anyway if you are really afraid of the uncertain future of Monero then why not look for other alternatives there are plenty of cryptos, not just the privacy coins. just saying!

Isn't quite new to hear SEC is upsetting many investors due to their strict crypto regulation that brought some projects into a big question. They have XRP and now Monero (XMR) - it was about to think that the government is in the urge to regulate crypto projects because of many scam incidents and it was occurring and increasing. I'd see this having a negative impact on Monero and surely price decline but still believe this never makes this project die, I'd still see a surviving sentiment despite the current issue.
This is how it turns out that privacy coins are more prone to strict regulations.

Then just stay with bitcoin. But honestly, you can just stay with Monero. If you solely believe that Monero will be big someday, stay on it. I know it worries you about these crackdowns.

IMO, someday they're going to calm down and have a bit of understanding about the concepts of privacy coins.

They'll understand it soon what's the importance of it and the government can do nothing of taking all of it down specially the big ones like Monero.

why are you still risking with privacy coins though? big S.korean exchanges already delisted litcoin because of its new privacy feature and also both US and EU are already busy proposing ways to regulate anonymous crypto transactions.

also here Australian Regulators are starting to crackdown on privacy coins https://cointelegraph.com/news/regulations-and-exchange-delistings-put-future-of-private-cryptocurrencies-in-doubt, sooner or later other countries will follow suit such regulations.

I think that no matter how hard the government wants to control cryptocurrencies they can't. It's just the owner of Monero who is too soft on the government, if he stays low profile and anonymous, surely the government will not be able to track and investigate him. I still believe that now and in the future cryptocurrency will not be controlled by the government.

But Monero is staying just ahead though,


https://www.getmonero.org/2022/04/20/network-upgrade-july-2022.html

But as what @malcovi2, Monero and other privacy coins have been delisted by South Korean exchange and other big exchanges too. The only alternative privacy coins is Zcash, but there are also risk using them.

It's not the first time that the government want to deal with Monero but still yet they came out with no good result, if you are looking for the most secured privacy coin its monero, they can't handle monero the way they handled Tornado cash.

That's what the power of Moreno, the government tried to ruin their system but still Moreno prevail and still the top privacy coin. Don't worry that much, if you are not using any laundered money, you can still be safe even if Moreno forced to be regulated. Well, many projects now are dealing with the government, they can't just say no to this or else they wont be allowed to operate, we're still lucky to have Moreno in our option so let's continue to support this project.

Check your spelling, you write Moreno instead of Monero, if I don't know what Monero is I would not even know that this is misspelled, there is no better privacy project in this crypto space that's better than Monero, as good as Bitcoin is Monero is also the best in privacy level.

Oh yeah you have so many choices now in the market.

Monero? You have grin, zcash, dash and many more. What are you feeling confuse about that? Just search it on marketcap based on the privacy https://coinmarketcap.com/view/privacy/

Bunch of coins that used privacy or zero protocol are still exist for you. What you need to do just to pick some best privacy coins as alternative for monero. You are making your problem become even more difficult to be solved when it's very easy to do that.

So did you mean that you are trying to find a Monero alternative because of regulation or authority scrutinity? What kind of future regulation that you are afraid of, anyway? Do you think Monero might also get wiped?

I believe you are missing a point here, it looks like you are trying to play catch-a-mole about the privacy coins. Monero, as far as I concern is decentralized and has a strong community, it's not like it has a single point of failure. Consider Ethereum, which their node can't even run over the Tor network. And one last question, did you consider privacy coin as an investment or by the utility?

Algorand. Is this interesting to you? I'm monitoring the progress of this project, maybe for now I haven't seen anything interesting, different from BSC, Polygon. Maybe in the future there will be an interesting bargaining value from a project like this.

Monero is good if you want privacy and want to use it for your business deals and payments.

Monero is bad if you consider it as an investment and store it on exchanges. Because privacy coins are targets to shut down from governments and Monero is a King of privacy coins, it will be biggest target of governments. Monero can be delisted from exchanges anytime. Price will be affected by delisting news and you even can not withdraw your Monero from exchanges in shit situations.

Investment means store your coins in your wallets, not store it on exchange wallet. Apply not only for Monero.

As long as Monero is not actively being used by US-sanctioned entities like Iran or North Korea, they will be safe or keep up the business as usual. Monero has been not very popular among the cex so I expect the chance being used by Iran or North Korea to launder their money is low.

It is true that more and more regulations are hitting the crypto market in the last few months and years and of course there is also a reason for that. The whole crypto scene has just become to big and mainstream already to just keep neglecting it totally. It is also not a big suprise that privacy coins are pretty high on the list of things that governments and federal banks want to be regulated or even banned because in the end they want to control the cashflow or at least know when and where the money is going.
That topic is not new though and i think that even if a ban on privacy coins will happen, then they won't be dead, there will always be a need for privacy coins like Monero, Dash and so on.

What alternatives are you looking for, are they decentralized and therefore extreme in promoting privacy, or are they centralized and claiming to be decentralized and therefore will be nice to governments?

In general, so far, Monero is privacy-enhancing technologies (obfuscate transactions,) and most projects that claim to be concerned with privacy are centralized in one point or another. This centralization is what makes governments control them.
As for Tornado Cash and Blender, all of them are centralized services, and we have not seen a case of targeting a decentralized service.

you dont need to worry about old coins mate. market opportunities never end. just forget monero for a bit and explore the crypto market well. you will be able to find lot of gems instead of this kind of old coins. just check polkadot ecosystem and you will find many more new projects which is trying to do what monero did. polkadot will be a leader in web3 and privacy sectors. so just find out some new gems there. good luck.

It is very strange that the authorities don't want us to use cryptocurrency with privacy such as Tornado cash.
I remember that Monero has been delisted from few crypto exchanges in 2021, but now they list Monero back.
In my opinion, cryptocurrency is a decentralized currency, centralized party such as authorities should not control it.

There is a possibility that the authorities will the targeting all the privacy based coins and pressurize the exchanges to remove them if they want to run their business and i believe everyone would follow that to run the business without any legal issues. If Monero is targeted, then any other privacy coins will be affected as well. Privacy is hard to come by these days and the government really hates having our privacy :-\.

Monero is great but I just don’t think it has any real future. Exchanges hate it & most delisted it due to government pressure. It really works, it’s bulletproof but it’s not going to be allowed to prosper due to it’s anonymity.

Indeed they can't touch the network but they can forbid exchanges from listing monero, which will greatly affect its market trading.  OP is asking a good alternative for monero and I can say there is nothing better than Bitcoin as an alternative. OP believes that one day regulators will go after Monero so he is thinking of jumping ship even before the ship sink.

@OP I would say you're a dumb person, as we know governments are don't like privacy and want to control anything that they can. The reason why anyone using Monero are against the governments control to make your privacy 100% protected. If you're looking for other alternative privacy coins that has still a vulnerability, you're not using 100% privacy coin.

If you're worried about Monero due to 100% privacy protected, you shouldn't use any privacy coins at all, just use centralized shitcoins out there.

This Moreno coin is really not accepted in almost all existing exchanges, because of the risks caused by several parties, especially the privacy they create, as if they can manage it all, we will not know that this coin can be used as money laundering if it's privacy that Moreno does, that's why all governments don't like it...

Yes, I firmly believe the government will not control crypto. I think they can only control the companies.

I would guess that "freedom" was the reason why it was started but some people took it too far. I mean yeah it is great that privacy is an important thing in monero, but just because it has some privacy doesn't mean that it would make any sense at all for people to use it for bad stuff.

This is why the best thing about it would be to stay away from it while all those bad people are there. Monero can't have one way or another, they can't just make it privacy oriented and let the bad people use it, but then try to keep bad people away, if you can money launder with the system they have, that is not going to be ok for exchanges or governments, and if they remove that, then they are no different from other coins.

I also like Monero but the government is pressuring exchanges to delist it, so I agree with you, better to abandon Monero and move to a transparent cryptocurrency.  No matter how they push Monero to be recognized and accepted by the Government unless they remove the privacy coins in it, it will never be accepted by the authority.



Government cannot control the network and they knew it that is why they are pressuring centralized exchanges and other crypto-related comapanies to succumb to their demand

There is no doubt that Monero gave us perfect privacy, but unfortunately the government didn't like the idea. The government will not be able to interfere or destroy the monero network but they can destroy it by ordering all exchanges to delist it. This will lead to the monero in danger of disappearing.

In this case, I think you might want to switch to Bitcoin, I think it is a good enough option, it is not completely anonymous like monero, but you will never have problems with your privacy.

Maybe check where' it's traded again?
https://www.coingecko.com/en/coins/monero#markets

It's not a huge issue for centralized exchanges to list Monero anymore since they are moving towards KYC compliance for all accounts. They also implement travel rule which forces account owners to identify the source of their deposits and the wallet owner to whom they will send funds to.

Of course, majority of us shift to crypto initially not thinking about our privacy. But then again, as we learn about, it make sense to have our privacy hidden from the public although blockchain is there for everyone to see. Unfortunately, government see it otherwise, they will want to unravel everyone who is hiding under the guise of Monero. So the battle has started, they prepared every crypto entities including exchange to del-listed this coin otherwise, they will get the wrath of regulators and government agencies. So it's better to stay away from Monero right now OP because you might have a problem later and who knows, there will be a time that you can't exchange your Monero holdings to fiat as no one is going to accept them.

Monero has always been on the sights of regulators so this is not a really new, besides if regulators can really get rid of monero then most likely any alternatives that you may be thinking about using are going to suffer the same fate, so it doesn't really make a lot of sense to look for alternatives which are going to disappear almost at the same time, so you might as well use monero for whatever you need and just hope for the best, I know that this may seem to be a passive strategy but it is really the only thing that you can actually do.

I immediately liked Monero when I first know it, but ever since the government influenced centralized exchanges to get rid of Monero. As a Monero user,
I panicked, seeing one by one exchanges started delisting Monero, therefore I better look for safety by not investing in Monero anymore. I'm also
not looking for other privacy coins alternatives, because I believe the other privacy coins will suffer the same fate as Monero. So like you said why are
we making it difficult for ourselves by forcing ourselves to use Monero at such a high risk. We'd better focus on investing in Bitcoin, which is enough
to protect our privacy, although not as good as Monero when it comes to privacy. But at least Bitcoin is very safe for investment.

That is why Moreno cannot be accepted in all countries, if only they could change everything, at least from the system they have, and allow the government to control Moreno, it is not without reason that the government will support Moreno's growth, if the government cannot control it then it is very difficult, The thing that is feared is the existence of money laundering on a large scale, which makes the government unable to control its users.

Strange? How? It was literally for money laundering reasons, and governments aren't controlling decentralized currencies, they are worried about fiat money pairs thay can be traded against it, and that's how they are controlling centralized exchanges, and any centralized companies that are enabling money laundering.

I am not sure about current situation for monero in terms of regulations and it could be a loophole how got it back to exchanges and could change any time. But the real issue with these currencies is that you have to have an option to prove the trail of money for FATF. It's called "travel rule" and if you haven't already googled it, you should.

If you care about what your government says, you a pussy.
Only flaw monero has is it's mining power, which could theoretically be prone to a 51% attack because governments do have a LOT of power available.
It is in our hands to use part of our CPU to mine monero even if we don't get any block.

That's right. There is no coin that is better than Monero when it comes to privacy, so we shouldn't waste our time trying to find one that is better.

Although bitcoin does not offer us better privacy than Monero, it also offers us the assurance that our privacy will be impenetrable, not to mention the fact that investing in bitcoin will be better than investing in XMR in terms of either return as well as the safety of our investment. Bitcoin is the perfect combination of privacy and return on investment, no altcoin can offer.

If you are worried about monero, you are better off moving to another coin but if it is for profit, I think monero can still be profitable for you. But I don't know whether monero can go up very high or not because it will depend on the interests of investors or traders. So the real choice is yours and doesn't listen to other people's advice if you haven't found out because our suggestions may not work for you.

I'd like to see what comes of any attempt to regulate or even ban privacy coins.  Maybe some people would be scared away if laws were passed, but good coins like XMR will still thrive by those whose passions are crypto and privacy, and they'll do so knowing there's not a damn thing any gov't can do to shut down XMR's blockchain.

I have no pretenses about having expertise in cyber surveillance, but from what I've heard of Monero it would be very hard if not impossible to trace transactions.  That's all worry about what might happen.  We'll see what actually happens.

Alternatives?  I wouldn't bother, honestly.  Look at coins like PIVX or Firo and you'll see that there's a much higher degree of centralization because of features XMR doesn't have, e.g. masternodes or staking, the existence of a DAO, etc.  I've listened to that guy Reuben talk about Firo as though he's the CEO of the coin.  Any time you have a coin where there's any voting involved, watch out.

They cant really do something if we do speak on technical aspects and this is why they do really just go into the part on where they would be banning it out and make out some
strict and tight regulations into those platforms or businesses that do involved or attached with cryptocurrencies and we surely felt that since these platforms are the main places
on which people do make out conversions from crypto to fiat which means that whenever they do ask out for some kyc compliance then you would really be ending up on having
no choice but to deal with it but there are still some platforms which doesnt still have that kind of set-up.

I have another exchange where you can buy Monero. This exchange cannot be banned or blocked. Moreover, no personal data is needed to use it. I'm talking about the Crypton Exchange https://crp.is/  from the Utopia p2p. This is NO KYC project. I think that says it all.

There is a great number of projects that allow at least to purchase cryptocurrencies.But what about anonymity? I mean NO KYC Crypton exchange https://crp.is/ from the Utopia p2p project .

monero is a privacy coin. it should be different with mixing services but just in case it looks like we will have to switch from monero in the near future. if asked what's good other than monero in terms of privacy I don't think there is. The only coin that has become an iconic privacy coin is Monero.

Monero had strong base like the Litecoin,So it was expected to be the next Litecoin.Most of the people holding Monero more than 2 years.When the market of bitcoin back to the normal price,surely their will some good rise in the price of Monero.It was expected to have some good value on Monero in upcoming year of 2023.Cashing out of Monero during the dump is not a good move for now.