Worried about Moreno

[PercT4b]

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?

[andulolika]

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

[TastyChillySauce00]

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.

[yazher]

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.

[masterrex]

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?

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!

[Rufsilf]

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.

[livingfree]

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?

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.

[malcovi2]

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.

[lumbanrang]

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.

[Yaunfitda]

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?

But Monero is staying just ahead though,

This network upgrade will introduce important new features like:

    A ring-size increase from 11 to 16 – the largest ever absolute increase in the base anonymity set (read: plausible deniability, or base privacy) – of every transaction on the network
    Upgraded Bulletproofs algorithm, "Bulletproofs+", which will reduce the typical transaction size by ~5-7% and improve typical verification performance by ~5-7%, making every transaction lighter and faster
    View tags, a brilliant way to reduce wallet sync times by 30-40%
    Fee changes, improving the security and resilience of the network to rapid changes in the fee market or attacks by malicious entities
    Major multi-sig fixes and improvements, including critical security patches

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.

[5W-KILO]

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.

[Johnyz]

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.

[Pterosaur]

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.

[WalkerIVIV]

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.

[vv181]

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?

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?

[Anonymous100]

So, do you know any good alternatives to Monero?

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.

[tbct_mt2]

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.

[WeedGoW]

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.

[Jackl87]

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?

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.

[hugeblack]

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.