Let's talk about Monero

[Evilish]

Hi all,

What is your opinion on Monero (or other privacy based currencies)? Do you think it's a worthwhile investment, and could it gain more real world usage in future when economies collapse, and governments start putting other currencies under more surveillance? Would we see people who value their privacy more move towards using a currency with privacy as a core feature, such as Monero?

There is another side to that argument as well. The value of Monero could very well collapse if the governments start cracking down on exchanges supporting Monero, causing a stigma around using Monero, leading to an eventual collapse in its usage and market value.

I could also see people being so fed up of their governments f'ing them over every chance they get, and we could see more and more people move towards using Monero. I highly doubt this would happen though. Most people are sheep and rarely if ever will they stand up against their governments.

I am usually not very big on alt coins, however I consider Monero one of the most innovative crypto currency projects, perhaps next only to Bitcoin.

With that said, I am still not certain whether Monero would be a viable long term investment given how governments are so against their citizens having privacy in any areas of life, and I could see them banning use of Monero.

Would love to hear what your opinions are on this. This thread is not about price speculation, rather to discuss whether Monero has potential for future growth and what challenges it could face (legal or otherwise).

Have a good day y'all and chip in if you have anything to add!

[Oilacris]

Here are two threads which would really be helpful in talks about Monero.

https://bitcointalk.org/index.php?topic=753252.0
https://bitcointalk.org/index.php?topic=583449.0

Honestly speaking.Ive been holding some of it yet i do really saw its potential.

[hatshepsut93]

I think the chance of Monero, together with other privacycoins, getting banned is fairly high. Look at the US, they already proposed tracking of self-hosted wallets, banning privacycoins is a pretty logical next step. Monero's price would take a really big hit if that would happen, but its network would still function without problems, and darknet users or hardcore privacy enthusiasts would keep using it.

A part of me actually wants to see it happen, because it would be a good model for what would happen if Bitcoin would to get banned.

[Evilish]

I think the chance of Monero, together with other privacycoins, getting banned is fairly high. Look at the US, they already proposed tracking of self-hosted wallets, banning privacycoins is a pretty logical next step. Monero's price would take a really big hit if that would happen, but its network would still function without problems, and darknet users or hardcore privacy enthusiasts would keep using it.

A part of me actually wants to see it happen, because it would be a good model for what would happen if Bitcoin would to get banned.

The recent proposal by FinCEN to monitor and track non-custodial wallets is what sparked my interest again towards Monero. Would the US government actually go through putting a ban on privacy coins though? A part of me thinks they can't and they won't ban Monero. What makes me think that is Bitcoin was also believed to be a dark net currency by most in the initial years and only recently the governments and general population have started seeing the other side of it.

And if it does indeed get banned, I would like to see how it plays out because like you said it would be a good model for any future challenges Bitcoin could face.

[takngantuk]

Moreno is the best privacy coin out there. everyone agrees with this, I personally think so too. and in the future there will be more real uses for this coin. because everyone likes privacy and wants to be anonymous. and Moreno is not like other crypto coins which have high fees. this is one of the advantages of XMR. and most recently Po * nhub has started supporting XMR. and perhaps many mainstream platforms will follow in its footsteps.

[DoubleAweSeven]

No problem, people could still use DEX because by the time the government starts invading our privacy, DEX will surely become popular as we all know not a lot of people want to give up their privacy.

[amishmanish]

There is nothing that Monero provides which Bitcoin doesn't if you choose it to be so. The baggage of default privacy is starting to become too obvious for Monero.

Tbe wider crypto ecosystem is also moving towards using cryptocurrencies for financing and in financial instruments. That by default is an environment that demands trust. Monero will continue to be used but whether it can increase in value is doubtful. The people who wish privacy have options available and making the jump to Monero permanently is not a requirement.

[RabbiTANK]

For future improvement of Monero is unknown to me because I only invest in Monero for gains only, if you want to make good money from altcoins you should consider Monero, I don't buy for it's use case because I have no reason to hide my transactions, to me privacy coins aren't a necessity

[RussianEnglishTranslation]

Hi all,

What is your opinion on Monero (or other privacy based currencies)? Do you think it's a worthwhile investment, and could it gain more real world usage in future when economies collapse, and governments start putting other currencies under more surveillance? Would we see people who value their privacy more move towards using a currency with privacy as a core feature, such as Monero?

There is another side to that argument as well. The value of Monero could very well collapse if the governments start cracking down on exchanges supporting Monero, causing a stigma around using Monero, leading to an eventual collapse in its usage and market value.

I could also see people being so fed up of their governments f'ing them over every chance they get, and we could see more and more people move towards using Monero. I highly doubt this would happen though. Most people are sheep and rarely if ever will they stand up against their governments.

I am usually not very big on alt coins, however I consider Monero one of the most innovative crypto currency projects, perhaps next only to Bitcoin.

With that said, I am still not certain whether Monero would be a viable long term investment given how governments are so against their citizens having privacy in any areas of life, and I could see them banning use of Monero.

Would love to hear what your opinions are on this. This thread is not about price speculation, rather to discuss whether Monero has potential for future growth and what challenges it could face (legal or otherwise).

Have a good day y'all and chip in if you have anything to add!

Monero is likely a government honeypot and can be tracked, I sold all my Monero for 0xMonero.

https://monero-badcaca.net/
https://www.monerooutreach.org/breaking-monero/
https://news.bitcoin.com/ciphertrace-patents-monero-transactions/
https://sethsimmons.me/posts/moneros-ongoing-network-attack/

[KaratX]

Hi all,

What is your opinion on Monero (or other privacy based currencies)? Do you think it's a worthwhile investment, and could it gain more real world usage in future when economies collapse, and governments start putting other currencies under more surveillance? Would we see people who value their privacy more move towards using a currency with privacy as a core feature, such as Monero?

There is another side to that argument as well. The value of Monero could very well collapse if the governments start cracking down on exchanges supporting Monero, causing a stigma around using Monero, leading to an eventual collapse in its usage and market value.

I could also see people being so fed up of their governments f'ing them over every chance they get, and we could see more and more people move towards using Monero. I highly doubt this would happen though. Most people are sheep and rarely if ever will they stand up against their governments.

I am usually not very big on alt coins, however I consider Monero one of the most innovative crypto currency projects, perhaps next only to Bitcoin.

With that said, I am still not certain whether Monero would be a viable long term investment given how governments are so against their citizens having privacy in any areas of life, and I could see them banning use of Monero.

Would love to hear what your opinions are on this. This thread is not about price speculation, rather to discuss whether Monero has potential for future growth and what challenges it could face (legal or otherwise).

Have a good day y'all and chip in if you have anything to add!

Monero is likely a government honeypot and can be tracked, I sold all my Monero for 0xMonero.

https://monero-badcaca.net/
https://www.monerooutreach.org/breaking-monero/
https://news.bitcoin.com/ciphertrace-patents-monero-transactions/
https://sethsimmons.me/posts/moneros-ongoing-network-attack/

Yea right, I've seen many people talking about 0xMonero and using the project to condemn Monero but the truth is Monero have been around for a long time no matter how big 0xMonero project is it's never going to meet up with Monero because investors cherish old projects more than new projects

[DamonWilliam]

Moreno is the best privacy coin out there. everyone agrees with this, I personally think so too. and in the future there will be more real uses for this coin. because everyone likes privacy and wants to be anonymous. and Moreno is not like other crypto coins which have high fees. this is one of the advantages of XMR. and most recently Po * nhub has started supporting XMR. and perhaps many mainstream platforms will follow in its footsteps.

It also awakens people's interest in everything that is forbidden, and this coin, as we know, is prohibited on many exchanges, especially on centralized exchanges.
Therefore, when there is even more control over this coin, then interest will grow even higher and the price of this coin will also grow even higher.

[hatshepsut93]

The recent proposal by FinCEN to monitor and track non-custodial wallets is what sparked my interest again towards Monero. Would the US government actually go through putting a ban on privacy coins though? A part of me thinks they can't and they won't ban Monero. What makes me think that is Bitcoin was also believed to be a dark net currency by most in the initial years and only recently the governments and general population have started seeing the other side of it.

And if it does indeed get banned, I would like to see how it plays out because like you said it would be a good model for any future challenges Bitcoin could face.

Exchanges have already delisted Monero, at this point banning it would mostly be a formality, because it's not used much outside of darknet markets.

Bitcoin is still quite popular on the darknet, but governments don't mind, because it actually gives them a chance to track the criminals, some of whom are stupid enough to not properly mix their transactions.

Of course banning Monero won't help them solve crimes at all, but it would prevent criminals from easily converting their dirty money to fiat legally.