Worried about Moreno

[kasunrandil]

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.

[SistaFista]

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.

[eaLiTy]

~
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?

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 .

[DeathAngel]

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.

[BitDane]

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.

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.

[Jawhead999]

@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.

[Warkop]

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...

[Kocret02]

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.

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

[justdimin]

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 for money laundering if it's privacy that Moreno does, that's why all governments don't like it...

The government doesn't like it and also wants it to be delisted in some exchanges not just because they couldn't regulate it due to its privacy but also to protect people from the possible money laundering and fraud using this coin. We understand that privacy makes Monero unique but if that's the reason why they're always getting delisted, I think it's something that they should change.

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.

[serjent05]

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.

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.

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

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

[posi]

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.

[Yogee]

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...

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.

[Baofeng]

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.

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.

[Silberman]

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?

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.

[Shasha80]

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.

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.

[samuraijin]

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.

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.

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

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

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.

[o48o]

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.

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.

[andulolika]

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.

[Tony116]

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'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.

[ethereumhunter]

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?

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.