Why is Monero so unpopular?

[j1792]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

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[_act_]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Bitcoin is the main coin while other coins are altcoins. People also know monero too. Monero is the 28th on the list if marketcap is used for comparison. It is having a marketcap of over $2.6 billion. Which means it is a good coin.

But if you expectations about the coins is not up to what the marketcap is, it is good to know that most people that are into crypto do not care about privacy, they care about investing and making profit from the coin they invested in.

[Apocollapse]

There are many centralized exchanges delisted Monero and privacy concern topic is a thing that the centralized entity e.g. government don't like it. If there are articles or influencers talk about privacy concern, they could be targeted since they're become the risk of centralized entity in order to control their citizen.

Or maybe there are many people don't care about privacy.

[vv181]

Regulatory outlook. Many regulatory bodies are aware that a cryptocurrency that is built with privacy technologies enabled by default is not easily trackable. So there are many limitations set in place to prevent further adoption of such cryptocurrency, in this case, Monero.

Besides, a specific purpose is built for different uses. People who love flexibility or more new things favour smart-contract-focused cryptocurrency. One thing is for sure there are people who maintain and protect their own privacy thoughtfully, and that suits them to utilise Monero. Each coin has its own purpose, and each user is free to choose what suits them.

With that in mind, popularity is not a metric that might be worth considering.

[mich]

Well I think when it was created in 2014 we thought it would be the only real coin for 'privacy'. But now there is so many other alt coins that have more privacy then moreno.
I just think some new ones came along. It is a old coin like Dash and Zcoin that now are not so popular and with less marketcap then they had years back.

[m2017]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Most cryptocurrency users care about profit, not privacy. Few think about it and therefore, coins like monero are not so interesting for investors. Look at xrp, which has a huge amount of investor money poured into it, and ask yourself why this worthless shitcoin is preferred over xmr.

Monero may not be as popular, but it certainly has its own user base. It is likely that over time, when there will be less financial freedom due to CBDC, coins that allow to remain confidential will rise again and become in demand, but for now, their fate is not enviable. In fact, the value of a coin is not a direct indicator of popularity. To understand this, it is necessary to check the number of daily transactions in the xmr network and compare with other altcoins.

[mindrust]

It is because monero is completely anti-government. It provides full privacy and the governments don't like it. Since the corps pay taxes to the government like us, it is impossible to establish a business without the consent of the government. Since the govs don't like anonymous coins like monero, exchanges delisted it and now monero is a dead man walking. This is what happens when you go against the government. They don't do the same thing to bitcoin because bitcoin is semi-anonymous and the gov is OK with it. Too bad for monero though. It really deserves to survive.

[Yudhisthir]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero is hugely popular with illegal traders and criminals. That makes it a target for law enforcing agencies and buying and selling of it is made harder by the agencies and are not listed in most of popular centralized exchange. Even if it's harder to trade, it's still the most used privacy coin. Personally I, and most of other traders and investors don't require monero for their strategy as we have nothing to hide and want to avoid any unnecessary trouble with the agencies. Monero is a good coin for many but it's just a trouble for most.

[cryptomaniac_xxx]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Yes, privacy should be one of the main features of a coin. However, if you look at how crypto regulators look at Monero and other privacy coins, most of them have been delisted by exchange, because of the pressures from regulators.

And if you look at this,

In a statement last month, the IRS created a pilot offering up to $625,000 for anyone who can provably trace Monero or other privacy coin transactions. According to the tax collector, privacy coins have become popular among "illicit actors" such as Sodinokibi (a former affiliate with the GrandCrab RaaS group) who stated that all future ransom payments will be in Monero (XMR) rather than Bitcoin (BTC) due to privacy concerns. The agency wanted to create some incentive to better understand the privacy coin sector since they say "there are limited investigative resources for tracing transactions involving privacy cryptocurrency coins such as Monero."

https://www.coinbureau.com/news/crack-monero-irs-six-figure-reward-trace-xmr/

So how can you invest or put your money on Monero when government are trying to break them?

And with that, it's going to be a cat and mouse game and so far Monero is losing it's ground.

[KingsDen]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero is doing well now but it is also facing many battles from the government. First because it is a cryptocurrency and secondly because of its privacy status. The government don't want anything hidden. But then I do not totally blame them because the privacy of Monero is being abused and widely used in the dark net for all sorts of illegal transactions.

While I am confident that Monero will one day make a major breakthrough. That will be when the need for privacy becomes a necessity for everyone. It might not happen soon, but it will surely happen and everyone will be privacy concerned despite what the government will say or do.

[j1792]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Bitcoin is the main coin while other coins are altcoins. People also know monero too. Monero is the 28th on the list if marketcap is used for comparison. It is having a marketcap of over $2.6 billion. Which means it is a good coin.

But if you expectations about the coins is not up to what the marketcap is, it is good to know that most people that are into crypto do not care about privacy, they care about investing and making profit from the coin they invested in.

I don't know how they put up with full transparency on all their bills, the only explanation I can think of is that they don't even think about paying their bills in BTC

[cryptoaddictchie]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

I dont think its not a main coin. Being in top 100 projects based on coingecko and coinmarketcap is one of the main coins or tokens. Its based their listing on marketcap and they have a huge one compared to other competitors. Not to the point that will head on like bitcoin since its really the number 1 coin. Privacy is important too but with the case of monero many exchanges wouldnt like their style thats why some got them delisted before on major cex.

[_act_]

I dont think its not a main coin. Being in top 100 projects based on coingecko and coinmarketcap is one of the main coins or tokens. Its based their listing on marketcap and they have a huge one compared to other competitors. Not to the point that will head on like bitcoin since its really the number 1 coin. Privacy is important too but with the case of monero many exchanges wouldnt like their style thats why some got them delisted before on major cex.

Monero is still listed on many exchanges, like Binance, Kucoin, Kraken, Bitfinix, Gate.io, OKX, MEXC, CoinEx and many other exchanges. Monero is listed on decentralized exchanges like Bisq and many others.

If it is not listed on exchange like Coinbase, we all know how Coinbase is like this and how they restricted many countries. I am one of the people that do not like such an exchange like Coinbase.

[FahriZah]

Absolutely main coin is bitcoin and monero is one of the good coin before time i see the movement huge facilities and for daily teading best coin monero but now monero very bad conditions and before time monero achieved huge population but now little down & unpopular hopefully monero agin come back with old performance.

[big kid]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Because most people care about profits and hype, privacy is for people who need it for some reason.

[aseprebel]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero is known for its strong emphasis on privacy and anonymity. While this is a valuable feature for users seeking enhanced privacy in their transactions, it also raised concerns about its potential use in illegal activities. This might have led to some hesitance among exchanges and mainstream platforms to adopt it.

[Abiky]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

You want to know why Monero isn't as popular as other coins? Simple. It's because governments have been labeling privacy coins as something used by criminals (tax evaders, money launderers, etc). After all, they don't want people to obtain privacy and true financial freedom. A cryptocurrency they cannot track, trace, or even control, would be considered "an enemy of the State". The fact that many exchanges have de-listed Monero, tells us how powerful governments' influence can be over the crypto industry.

I'm fine with Monero just the way it is, as long as stays private and decentralized. Maybe it will live alongside Bitcoin for generations? Just my opinion

[asriloni]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

People didn't really care with privacy these days. The reality is that hundreds of millions of people used a centralized exchange site that required verification and it can be hard to accept. Monero was very effective when it comes to the P2P transaction.
It's actually a useless coin when you were trading it on centralized exchange site as your identity known by the exchange site. The privacy coin is not popular anymore. People prefer to get utility instead of privacy coin.
Privacy is not necessary and it depends on yourself. Using an exchange site is easier to withdraw or deposit money to crypto than using p2p, even if you value privacy coin.
So many privacy coins are dead now. Government is also the main reason people are willing to use centralized exchange site. They can be sued money laundering purpose.

[$crypto$]

The primary coin you are referring to is Monero going to outperform above bitcoin?

Although currently Monero coins are still widely on centralized exchanges there are some exchanges that delist this coin for privacy reasons that regulators do not like, maybe what others have revealed is true monero is receiving a lot of challenges especially with the government.

But this coin is still quite popular as the most private coin and that is what many people want.

[Nrcewker]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Privacy concern was the main reason for which Monero got disconnected from peoples mind. Else earlier Munneru was one of the popular coin after Litecoin and Ethereum. Monero was not a main coin earlier. As it was one of the oldest coin, hence, it gained popularity along with bitcoins. Nowadays only few die hard traders have these coins in their wallets. And after bitcoins recent all-time high price, the popularity of Monero came down.

[Xal0lex]

Monero has its niche in the market and has its utility, why should it be overly popular? It is just about the only old pow coin that is still trusted by privacy enthusiasts. Such projects don't need excessive attention from regulators and adoption, as it will ruin the coin, it will start to be banned even more, they will try to regulate it and things like that. Don't expect Monero to be as fast as DOGE.

[d5000]

There are many centralized exchanges delisted Monero

While that is true, Monero didn't suffer that much from these delistings. This is the XMR/BTC chart, which shows approximately the evolution versus the general market sentiment*:


Source: Coingecko

You can see that in early 2023 there was definitely a decrease of XMR compared to BTC, but it wasn't catastrophic. It only returned to 2022 levels.

My guess is that XMR is more complicated to handle than BTC, the long addresses for example may look a bit intimidating, so it sees slower adoption than more easily usable cryptos. It's mostly used by people caring about privacy a lot. Not only criminals. I guess that this group has a chance to grow, but rather slowly, not explosively like with "hype" coins.

*Take into account that in early-to-mid-2023 many altcoins, particularly centralized ones, performed much worse than BTC, and BTC's dominance is currently increasing.

[Adbitco]

Back in those days Monero was actually gaining much popularity and attention from people especially since it was about privacy, it managed to gain lot of investors after making their profits investors then looks over to other newly launched project to utilize their profit making. That is to say they only moved from project to project to double their money, after that wave passes they all look for another newly birth project that has the potential to increase by 2x to 40x that's what most of the investors looks after. But still is a matter of choice you can buy and hold as all altcoin seems to be pretty doing well during the bull and you can't detects anyone that hardly do not make another ATH.

[nelson4lov]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

There are number of reasons for this and most community members have talked about the legal implications that Monero has to exchanges and users.

Another reason not mention but relevant is the fact that there haven't been much work on the technical side to incorporate Monero as one of the DeFi primitives available on-chain. If Monero becomes available as a trustless bridge between other change, it would skyrocket its usage. Also, the processing of setting up and using Monero is not user-friendly. Only OGs will know how it works.

Finally, KOL and other monero advocates are not incentivized enough for people to talk about it.

[LogitechMouse]

Because it's a privacy coin? I mean all privacy coins right now aren't that popular, and hasn't been talked online by many media outlets.
On the other hand, we have these criminals who are using privacy coins, so the government can't trace their transactions whatsoever. We might not have any concrete evidence to this one, but I think many of us know already that criminals wanted to hide from the government thus, they are using privacy coins like Monero and others.

There was a time in the past where privacy coins are becoming popular, but that didn't last long. Though I've seen privacy coins in the past that became popular, that didn't last long as well, and the last coin that I know that added some privacy in their project was Litecoin's Mimblewimble. Overall, Monero has been at the top ever since, and there is still a community behind it that's why it remained at the top.

[Hispo]

It is not as popular as it should be because it has been stigmatized by centralized exchanges and providers of liquidity, because it's status as a privacy coin, and the assumption it is widely used by criminals to move their money and ask for ransom.

Nonetheless, I would not underestimate the potential of Monero in the long term. Sure, it's price has stayed stuck but it is one among thousands of alternative coins which I do not consider to be a shitcoin. It actually delivers what it is promised and the developing team has addressed the vulnerabilities in a efficient manner, implementing cryptographic solutions which Satoshi only dreamt of. There is also an active community who follows and backs the projects through donations, art and coding.

[GreatArkansas]

Bitcoin for me is already a privacy coin.
I'm not a hater of Monero but it's just an altcoin after all. It's just the same with other altcoins that became on top because of hype.
Now Monero is becoming unpopular because there is no hype anymore and there is a lack of adoption and there is also a lot of competition from other privacy coins.

[Wexnident]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

I don't think the vast majority of people think of Monero when it comes to privacy, Bitcoin started it and has always been at the headlines/forefront since it's inception. I don't think Monero can squeeze in.

There's also the idea that since it was established as a "privacy" coin, it was bound to be noticed by government institutions, and you know how that flags it as a coin of lower priority than other coins not noticed.

[Godday]

I didn't find any news about Monero. Granted they are blue chip coins but what makes Monero less popular is that they have never seen a significant increase in price. I think that Monero is a good asset but not good enough to generate profits.

[blockman]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

It's because it's not the firstborn. It used to be Bitcoin that was for privacy and turned into decentralization focused until Monero became the main thing and was followed by other privacy coins. Then, the government has kept chasing Monero and other privacy coins that are listed in different South Korean exchanges and have them targeted to be removed by them. That made fear everyone and started to avoid it but, it's still the main thing in terms of privacy and despite that, we can't control the likes of the people and the fear that it had made for those who just simply like it and have it sold later on turned away from it for their own safety and liquidity.

[ololajulo]

A few months back, I had a purpose for assessing Monero's performance. I was pleasantly surprised by its strong performance as a private coin, especially considering the underappreciated aspect of coin anonymity. Currently, it maintains its position in the top 30 of market capitalization, with a 72% value compared to its all-time high, and it contributes to over 30% of the total market trading. The key question remains: Who are the individuals trading this coin, and what purposes are they utilizing it for?

[gunhell16]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Before I got here in the crypto space, monero was already here in this industry. And as far as I know monero is not a security instead, it was designed as a cryptocurrency to be private as well. And some of the governments restricted it due to it became used for some illegal activities.

But despite of all these challenges where some other government banned it, monero remain its popularity in the cryptocurrency, its not true that it isn't popular. And its not the main coins because of its privacy features. Based on what I know about it.

[o48o]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

When the whole an only purpose of a coin is to escape regulations, don't you think that regulators will move against it sooner or later? You could have privacy while being regulatory compliant but monero use cases don't fit into that, it would only get worst parts of that deal.

Delisting has already started and i can't see it having any future, when the whole space is being regulated. Maybe it has some future with person to person trading, but i have hard time seeing it having anything near to valuation it had when it had actual fast liquidity. Not to mention that in the future, when you need to prove the origin of the money, it will be hard to do with Monero, if it even will be accepted as a source.

[Tipstar]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

There are no any privacy focused coin as popular and widely accepted and used as monero. Privacy coin is itself is a low demand genre. And most of it's demand is supplied through monero. There are a large number of privacy focused coins and once there was a trend of issuing privacy focused coins but a lot of the so called privacy focused coins have some flaws compared to monero and some had made compromises that have threatened the privacy of its users. And monero is the one actively working for its users privacy and making it a compelling coin for trade.

[Hypnosis00]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Supposedly it was, unfortunately, people don't just come for privacy but they are here for making money and they saw Monero don't have such quality and so they junk and ignore it. And besides, it is not a question of why it was not the main coin because, in the first, Bitcoin has been created first before it was born.

Anyways, Monero is one of the long-existing projects in the crypto space but seems to say that people haven't seen it as a progressive project and worth investing in. Though it was not popular but at least it gives some contribution to the market as well.

[Abiky]

Monero has its niche in the market and has its utility, why should it be overly popular? It is just about the only old pow coin that is still trusted by privacy enthusiasts. Such projects don't need excessive attention from regulators and adoption, as it will ruin the coin, it will start to be banned even more, they will try to regulate it and things like that. Don't expect Monero to be as fast as DOGE.

That's certainly true, mate. It's best for Monero to remain "under the radar". Else, it would bring unwanted attention. Governments don't like privacy coins, so expect further opposition against Monero in the long run. With how things are turning out to be for the cryptocurrency, it's likely XMR will only be traded at DEXs in the future. Every new project we see these days is focused on smart contracts, scalability, and user-friendliness. Privacy/anonymity doesn't come to the minds of developers like it used to back in the early days. A pity because this will make crypto more centralized and transparent under the eyes of mainstream governments and third-parties alike.

At least, Monero is still the #1 privacy coin in the world. Whereas Zcash, Grin, and BEAM are lacking behind, Monero keeps bringing innovation and continuity to the privacy-oriented crypto space. Who knows if Monero is the only privacy coin left in the future? Just my thoughts

[Knight Hider]

The average Joe doesn't care about privacy, that's why it's not more popular.
Speaking for myself: I like and use Monero.

--Knight Hider

[DeathAngel]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero is genius, it does everything you require from a privacy coin. Unfortunately its strengths have led to its downfall in the hopes of becoming a main coin. Governments hate it & regulators have threatened exchanges with operating bans in their jurisdictions if they list XMR. That has meant exchanges have delisted XMR & that’s the reason why the price isn’t as high as it should be.

It’s a great coin for anonymity but it will never be a main coin sadly.

[Hispo]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero is genius, it does everything you require from a privacy coin. Unfortunately its strengths have led to its downfall in the hopes of becoming a main coin. Governments hate it & regulators have threatened exchanges with operating bans in their jurisdictions if they list XMR. That has meant exchanges have delisted XMR & that’s the reason why the price isn’t as high as it should be.

It’s a great coin for anonymity but it will never be a main coin sadly.

Ironically, while Monero is not available in Binance USA; last time I checked I could buy it in Binance global. I did so I could withdraw at lower fees which I would have had to pay in order to withdraw with Ether or Bitcoin. Withdrawing Monero only take a few cents in Binance. Perhaps CZ had grown fond of it or he realizes its importance in the world.

So since Monero has not been delisted from Binance global, I think there is still much potential liquidity for that ecosystem to accumulate; even if someday Monero gets excluded from Binance, that won't stop the developers and the community behind this project. One could argue on the use some people give to a privacy coin like this one, but the important fact and what everyone needs to get is privacy as a right and not something we should kindly ask to big corporations and the big brother.  

[Abiky]

Ironically, while Monero is not available in Binance USA; last time I checked I could buy it in Binance global. I did so I could withdraw at lower fees which I would have had to pay in order to withdraw with Ether or Bitcoin. Withdrawing Monero only take a few cents in Binance. Perhaps CZ had grown fond of it or he realizes its importance in the world. So since Monero has not been delisted from Binance global, I think there is still much potential liquidity for that ecosystem to accumulate; even if someday Monero gets excluded from Binance, that won't stop the developers and the community behind this project. One could argue on the use some people give to a privacy coin like this one, but the important fact and what everyone needs to get is privacy as a right and not something we should kindly ask to big corporations and the big brother.  

It's obvious Binance US doesn't have XMR as a trading pair. That's because they want to avoid trouble with the regulators. With how aggressive the SEC is, crypto exchanges will think twice before continuing their operations within the US. Other countries are more flexible in regards to crypto/Blockchain tech regulation. Wherever privacy coins are accepted with open arms, will be the place where exchanges will list XMR without remorse.

Don't expect Monero to gain popularity, as most of the world's governments hate it. I'm fine with Monero just the way it is, as long as it remains decentralized and open to everyone. I wouldn't be surprised if XMR ends up being traded only on DEXs and P2P trading platforms due to ever-tightening crypto regulations. Who knows what the future holds for the cryptocurrency? Just my opinion

[eaLiTy]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

In how many exchanges have you seen Monero listed, the reason is that the government does not like people having their privacy and they will be forcing all the centralized exchanges to delist privacy centric coins, if not they wont be able to conduct their business as usual. If you really think that Monero should be the main coin, you should use them irrespective of the price or where they are listed.

[AmoreJaz]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

In how many exchanges have you seen Monero listed, the reason is that the government does not like people having their privacy and they will be forcing all the centralized exchanges to delist privacy centric coins, if not they wont be able to conduct their business as usual. If you really think that Monero should be the main coin, you should use them irrespective of the price or where they are listed.

monero is not very popular to traders because of its availability in trading platforms. but of course, those who are cautious with their privacy are going to this alt. this coin can't be the main coin overpowering bitcoin. just look at how many governments are cracking down coins like xmr. and besides, not many crypto users are oriented to use this privacy coin. they will most likely go to the top coin, which is bitcoin.

[dansus021]

Bitcoin would be the main coin at least for now but I do believe that no one is going to move bitcoin and change the crown.

Monero is highly popular to this date because its privacy for its user and for miner its cpu friendly but there is a catch Usually centralized exchange wont host Monero because its "privacy" usually it happen with centralized exchange that complies with the regulator.

[justdimin]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

People didn't really care with privacy these days. The reality is that hundreds of millions of people used a centralized exchange site that required verification and it can be hard to accept. Monero was very effective when it comes to the P2P transaction.
It's actually a useless coin when you were trading it on centralized exchange site as your identity known by the exchange site. The privacy coin is not popular anymore. People prefer to get utility instead of privacy coin.
Privacy is not necessary and it depends on yourself. Using an exchange site is easier to withdraw or deposit money to crypto than using p2p, even if you value privacy coin.
So many privacy coins are dead now. Government is also the main reason people are willing to use centralized exchange site. They can be sued money laundering purpose.

THIS! This is such an important thing that people do not realize enough, it's very important to make sure that we are seeing something that would be much better and people could do a bit more interest to it. There is no logic that people would want to give their KYC to exchanges but then hide their money at monero, it's obvious that we do not care about it anymore and we will probably keep on not trusting it neither.

Just go on about your day like nothing happened if you trust that monero is good, just keep buying it, but things changed and we are not caring about it all that much. We willingly give our information to places in order to start using them, if we are that much sure about it then why would we want to change anything.

[uchegod-21]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

In how many exchanges have you seen Monero listed, the reason is that the government does not like people having their privacy and they will be forcing all the centralized exchanges to delist privacy centric coins, if not they wont be able to conduct their business as usual. If you really think that Monero should be the main coin, you should use them irrespective of the price or where they are listed.

monero is not very popular to traders because of its availability in trading platforms. but of course, those who are cautious with their privacy are going to this alt. this coin can't be the main coin overpowering bitcoin. just look at how many governments are cracking down coins like xmr. and besides, not many crypto users are oriented to use this privacy coin. they will most likely go to the top coin, which is bitcoin.

Exchanges are afraid of listing monero in their platforms because of different regulations that are hunting them. Monero is easily delisted on exchanges and it affects the coin and exchanges listing it.
But according to AmoreJaz, not everyone is privacy oriented in this industry. Those who has need for privacy are going for monero coin. Talking about dominance or popularity, bitcoin cannot be overtaken as it is the only truly decentralized coin.

[Abiky]

Bitcoin would be the main coin at least for now but I do believe that no one is going to move bitcoin and change the crown.

Monero is highly popular to this date because its privacy for its user and for miner its cpu friendly but there is a catch Usually centralized exchange wont host Monero because its "privacy" usually it happen with centralized exchange that complies with the regulator.

Who said anything about Monero displacing Bitcoin as the top crypto in market cap? We're talking about Monero becoming an extremely-popular coin like it's the case with Ethereum and XRP these days. I don't see this happening anytime soon because of so much hatred against privacy coins. Especially by mainstream governments who don't want people getting financial privacy and freedom. If it can't be tracked or traced, then consider it an "Enemy of the State".

You can see why most exchanges have de-listed Monero from their platforms. Even some have gone as far as de-listing Litecoin after it added the "Mimblewimble" privacy technique. It's this reason why Monero will remain "under the radar" for as long as it lives. With ever-increasing regulations, it's likely Monero will end up being traded only on DEXs and P2P trading platforms. I think this is for the best. Who knows if this will strengthen Monero's decentralization in the long run? Just my thoughts

[lalabotax]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

It's like one could say that the era seems to have come to an end. In the past, privacy coins were one of the favorites of most people, and Monero was the most popular privacy coin. However, as various crypto projects develop, the era seems to have been eroded. Now many people seem to forget the coin. Only people who understand the attractiveness of this privacy coin still hold Monero, one of which is an investment asset. What's more, the coin has experienced a drastic drop in rank so that newcomers in the crypto world may also not be familiar with the good concept of the coin. Moreover, people nowadays are somehow more interested in things that are just hype, apart from Bitcoin, of course.

[dansus021]

Who said anything about Monero displacing Bitcoin as the top crypto in market cap? We're talking about Monero becoming an extremely-popular coin like it's the case with Ethereum and XRP these days. I don't see this happening anytime soon because of so much hatred against privacy coins. Especially by mainstream governments who don't want people getting financial privacy and freedom. If it can't be tracked or traced, then consider it an "Enemy of the State".

You can see why most exchanges have de-listed Monero from their platforms. Even some have gone as far as de-listing Litecoin after it added the "Mimblewimble" privacy technique. It's this reason why Monero will remain "under the radar" for as long as it lives. With ever-increasing regulations, it's likely Monero will end up being traded only on DEXs and P2P trading platforms. I think this is for the best. Who knows if this will strengthen Monero's decentralization in the long run? Just my thoughts

oh sorry it is because the op and first post said about monero and bitcoin

and yes privacy focused like monero or zcash will be delisted as long the centralized exchange complies with government

in fact, CeX can freeze our money if some money comes from mixing services like tornado cash  maybe coin like this would still tradable on p2p or cex with no regulation

[crwth]

Being one of the first doesn't translate to already being mainstream. Personally, it's quite hard to use Monero with all the necessary steps that you need to take for it to be a really private transaction. A lot of people probably doesn't need the hassle to transact like that and there are some coins that may be better, depending on who you are talking to, but that's the reality.

[Xal0lex]

Monero has its niche in the market and has its utility, why should it be overly popular? It is just about the only old pow coin that is still trusted by privacy enthusiasts. Such projects don't need excessive attention from regulators and adoption, as it will ruin the coin, it will start to be banned even more, they will try to regulate it and things like that. Don't expect Monero to be as fast as DOGE.

That's certainly true, mate. It's best for Monero to remain "under the radar". Else, it would bring unwanted attention. Governments don't like privacy coins, so expect further opposition against Monero in the long run. With how things are turning out to be for the cryptocurrency, it's likely XMR will only be traded at DEXs in the future. Every new project we see these days is focused on smart contracts, scalability, and user-friendliness. Privacy/anonymity doesn't come to the minds of developers like it used to back in the early days. A pity because this will make crypto more centralized and transparent under the eyes of mainstream governments and third-parties alike.

At least, Monero is still the #1 privacy coin in the world. Whereas Zcash, Grin, and BEAM are lacking behind, Monero keeps bringing innovation and continuity to the privacy-oriented crypto space. Who knows if Monero is the only privacy coin left in the future? Just my thoughts

So true privacy advocates will never use monero in centralized services, only decentralized p2p and instant exchanges. This is the natural habitat for coins like monero, and centralized services use this coin only for speculation, completely ignoring the private functions of this coin.

[Knight Hider]

So true privacy advocates will never use monero in centralized services, only decentralized p2p and instant exchanges. This is the natural habitat for coins like monero, and centralized services use this coin only for speculation, completely ignoring the private functions of this coin.

If that means Monero's value is based more on what's using it, and less on speculation, that's incredible!

--Knight Hider

[Xal0lex]

So true privacy advocates will never use monero in centralized services, only decentralized p2p and instant exchanges. This is the natural habitat for coins like monero, and centralized services use this coin only for speculation, completely ignoring the private functions of this coin.

If that means Monero's value is based more on what using it, and less on speculation, that's incredible!

--Knight Hider

Monero is one of the few altcoins that combines value and utility. In today's world, altcoins are divided into 2 types:

• those that grow in value but are useless;
• those that have utility, but no one is interested and such coins are unpopular.
  

Monero combines both of these factors. It is exactly what an altcoin should be.  Most altcoins, alas, have no utility, only speculation.

[doomloop]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero is genius, it does everything you require from a privacy coin. Unfortunately its strengths have led to its downfall in the hopes of becoming a main coin. Governments hate it & regulators have threatened exchanges with operating bans in their jurisdictions if they list XMR. That has meant exchanges have delisted XMR & that’s the reason why the price isn’t as high as it should be.

It’s a great coin for anonymity but it will never be a main coin sadly.

It's because it's a privacy coin, so what do you expect? But is it true that Monero is hoping to be a main coin? But good for it that it didn't succeed because for us, Bitcoin is still the best even though it isn't fully private and besides there are still a Bitcoin mixer now that can make it more anonymous. But like Monero, governments also hate mixers so they are also hunting them down one by one.

Monero is lucky that some exchange still lists it and it still have some value left @OP, you are wrong. Monero is actually a popular crypto even up to now. It's one of the oldest and the best before but like what @deathangel said here, the coin is slowly deteriorating.

[Franctoshi]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

When you talk about a privacy coin then monero comes into play, Even with the problem it has come to solve so far, yet not as popular as some coins that existed same time as monero. The bottom line here is that what helps a coin to become popular is not only based on its use case or problem-solving but also includes the team and the community behind that project.

[suzanne5223]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

I don't understand what you mean by Monero being the main coin because there's no crypto currency that have the potential to dethrone Bitcoin. 
Having said that,  Monero is not the only potential altcoin that's not popular,  we also have CRP and UUSD which are doing well in terms of privacy service but in my research I later understand that only few crypto enthusiasts pay much attention to privacy coin market until they have privacy issue. 

[FinneysTrueVision]

Aside from the legal concerns from centralized exchanges, another reason why it isn't more popular is because it's decentralized and was built in a time before ICO's and ERC-20 tokens were getting all the hype. It was created for a purpose that isn't all that useful for pump and dump scams. All the marketing and VC money is with blockchains like ethereum and BSC because they are more attractive to people looking to make a quick buck.

[Yamifoud]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

I don't understand what you mean by Monero being the main coin because there's no crypto currency that have the potential to dethrone Bitcoin.  
Having said that,  Monero is not the only potential altcoin that's not popular,  we also have CRP and UUSD which are doing well in terms of privacy service but in my research I later understand that only few crypto enthusiasts pay much attention to privacy coin market until they have privacy issue.  

Another reason is that people don't really look for privacy instead, they are looking to which coin would give them profit, and Monero, sadly not pass their interest. But aside from that, we can say that Monero is not really convincing look to the community because though it has a use case, this won't be enough to attract investors and users as they still choose where they can earn more even though it will compromise their privacy.

[catdaunt82h]

Regulatory bodies are aware that cryptocurrencies with built-in privacy technologies are difficult to trace. Consequently, limitations are imposed to discourage the wider adoption of such cryptocurrencies, like Monero.

Moreover, cryptocurrencies are designed for specific purposes. Those who value versatility and innovation tend to prefer smart-contract-focused cryptocurrencies. It's evident that some individuals conscientiously prioritize their privacy, making Monero a suitable choice for them. Each coin serves a distinct purpose, and users are at liberty to select what aligns with their needs.

Given this, popularity shouldn't necessarily be a significant factor to consider.

[serjent05]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Because Monero is not Bitcoin?  Being the first decentralized cryptocurrency, although not a privacy coin, Bitcoin with the help of mixers can still keep the users secret .  Aside from that Bitcoin had been created and established way ahead of Monero and the fact that the government frowns upon any privacy coins makes it worse for Monero.

I believe Monero can be a main coin in the dark web but in mass adoption, it has no chance against Bitcoin.

[Abiky]

So true privacy advocates will never use monero in centralized services, only decentralized p2p and instant exchanges. This is the natural habitat for coins like monero, and centralized services use this coin only for speculation, completely ignoring the private functions of this coin.

Only a small number of people actually care about their privacy. That's one of the many reasons why Monero isn't a popular cryptocurrency these days. When you use a CEX to buy/sell XMR, you defeat its original purpose (which is to preserve privacy/anonymity). It's highly-recommended to use a DEX or P2P trading platform to get all of the benefits. Monero may never overcome Bitcoin, but it will always be a viable alternative for those who need it the most.

What I like about Monero is its adaptability and focus on decentralization unlike any other cryptocurrency known to date (except BTC, of course). If developers maintain it, Monero could live alongside Bitcoin for generations. Remember, "keep it secret, keep it safe". As long as Monero remains under the radar, there should be nothing to worry about. Just my thoughts

[Xal0lex]

So true privacy advocates will never use monero in centralized services, only decentralized p2p and instant exchanges. This is the natural habitat for coins like monero, and centralized services use this coin only for speculation, completely ignoring the private functions of this coin.

Only a small number of people actually care about their privacy. That's one of the many reasons why Monero isn't a popular cryptocurrency these days. When you use a CEX to buy/sell XMR, you defeat its original purpose (which is to preserve privacy/anonymity). It's highly-recommended to use a DEX or P2P trading platform to get all of the benefits. Monero may never overcome Bitcoin, but it will always be a viable alternative for those who need it the most.

Again I agree with you, privacy has always been of interest to a small portion of people who are obsessed with protecting their privacy. Such people will never use centralized exchanges, they will go to make Monero exchanges in decentralized P2P exchanges. I don't remember exactly, but I think I've seen some p2p exchanges that work only with Monero and they are still recommended by all those who value their privacy.

[suzanne5223]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

I don't understand what you mean by Monero being the main coin because there's no crypto currency that has the potential to dethrone Bitcoin.  
Having said that,  Monero is not the only potential altcoin that's not popular,  we also have CRP and UUSD which are doing well in terms of privacy service but in my research, I later understand that only a few crypto enthusiasts pay much attention to privacy coin market until they have privacy issue.  

Another reason is that people don't really look for privacy instead, they are looking to which coin would give them profit, and Monero, sadly not pass their interest. But aside from that, we can say that Monero is not really convincing look to the community because though it has a use case, this won't be enough to attract investors and users as they still choose where they can earn more even though it will compromise their privacy.

I believe the reason why most privacy cryptocurrency seems to be unpopular is one of the things you stated because 90% of all crypto investors are only after profit and that's why we see them chasing meme coin despite the previous market manipulation that was done by the major market player through it. Another reason I consider to be the reason why privacy is unpopular is that some investors believe privacy is all about illicit activities and if they are into one there's a need to use or invest in the privacy coin.

[Abiky]

Again I agree with you, privacy has always been of interest to a small portion of people who are obsessed with protecting their privacy. Such people will never use centralized exchanges, they will go to make Monero exchanges in decentralized P2P exchanges. I don't remember exactly, but I think I've seen some p2p exchanges that work only with Monero and they are still recommended by all those who value their privacy.

I believe Bisq and AgoraDesk/Local Monero are the best P2P exchanges where you can buy/sell XMR without KYC. Unless there isn't any government overreach, these exchanges will continue to operate as usual. Developers of Bisq better remain anonymous and hidden from the public if they want to avoid facing government prosecution. As for AgoraDesk/Local Monero, it's easy enough to take them down by restricting people from accessing the domain (they're hosted on centralized servers, after all). Same goes with Hodl Hodl and any other P2P exchange without a software client.

I've read somewhere that it was possible to do atomic swaps with Monero. You'd just send BTC to the network, and receive XMR in return. All without middleman and KYC-free. Who knows how much XMR will be worth in the future? Just my thoughts

[MURONDI]

Monero's relative lack of popularity might be attributed to its focus on privacy and anonymity, which can sometimes raise concerns about potential misuse. Additionally, its private nature has made it harder for regulators to track, which has led to scrutiny in some regions. These factors, along with the fact that it's not as widely supported on exchanges and platforms as more mainstream cryptocurrencies, could contribute to its lower popularity compared to others like Bitcoin or Ethereum.

[|MINER|]

In fact, many things of cryptocurrency depend on Fud and hype. When negative hype is created on a coin, then a kind of FUD is created in the public and because of this, the price of that coin also decreases. Also, I think Monero has been delisted by many centralized exchanges, creating FUD within people and making people afraid to invest in it, and that's basically why Monero's reputation is going down.

[danherbias07]

In simple terms, because it's an Altcoin.
The competition in that area is way broader than what it is with Bitcoin. Some investors would say they would rather pick Bitcoin than go through another Altcoin like Monero.
And then another investor would say, if I am picking an altcoin then I'd rather be with Ethereum or BNB. That is the problem.
When all this altcoin came out from the ICO, investors became divided in their beliefs. Some would like privacy but others would like a fast profit scheme while most ended up in a scam or a rug pull.
We all have a different idea of where we put our money. But I don't think privacy is as sweet as other promises especially if it's a short-term profit scheme.

[Blitzboy]

In simple terms, because it's an Altcoin.
The competition in that area is way broader than what it is with Bitcoin. Some investors would say they would rather pick Bitcoin than go through another Altcoin like Monero.
And then another investor would say, if I am picking an altcoin then I'd rather be with Ethereum or BNB. That is the problem.
When all this altcoin came out from the ICO, investors became divided in their beliefs. Some would like privacy but others would like a fast profit scheme while most ended up in a scam or a rug pull.
We all have a different idea of where we put our money. But I don't think privacy is as sweet as other promises especially if it's a short-term profit scheme.

In essence, Monero supports privacy, which is getting harder to come by. However, isn't privacy a fundamental right? You say that privacy doesn't have the same attractiveness as other promises. Although Ethereum, BNB, and similar coins may be receiving more attention, does this render Monero's value proposition invalid? Without a doubt. You mention ICO fraud and rug pulls, which were tragic occurrences in the cryptocurrency world, but this is an apples to oranges comparison.

And certainly, Monero may have some difficulties because it's more difficult to use and has a smaller community. However, it provides complete privacy, which no other system does. Something may be difficult, but that doesn't mean it has no value. Every coin has its space , and every investor has their own approach. Try to avoid the pitfalls of oversimplification and poor judgment, though. Concerning where you invest your money? That is all up to you. But dismissing Monero based on broad assumptions?

[Abiky]

In simple terms, because it's an Altcoin.
The competition in that area is way broader than what it is with Bitcoin. Some investors would say they would rather pick Bitcoin than go through another Altcoin like Monero.
And then another investor would say, if I am picking an altcoin then I'd rather be with Ethereum or BNB. That is the problem.
When all this altcoin came out from the ICO, investors became divided in their beliefs. Some would like privacy but others would like a fast profit scheme while most ended up in a scam or a rug pull.
We all have a different idea of where we put our money. But I don't think privacy is as sweet as other promises especially if it's a short-term profit scheme.

Altcoins are not an attractive investment compared to Bitcoin. That's because they're extremely-unpredictable. Sometimes they're in the "highs", while other times they're in the "lows". Same as Bitcoin, only that altcoins have greater price volatility. With privacy coins such as Monero and Zcash, the risk of loss is even higher. Governments usually "attack" these coins, ending up in massive de-listings from mainstream crypto exchanges. Monero has been attacked since its inception. But it's still around thanks to its commitment towards decentralization and censorship-resistance.

I see this coin ending up in DEXs, as governments ban it from public use. Only those with the "guts" to use such an outlawed privacy coin will support it no matter what. The majority will keep using cryptocurrencies that are approved by mainstream governments (eg: Bitcoin and Ethereum). I'm fine with that as long as decentralization prevails in the long run. Who knows how far will Monero go? Just my opinion

[Argoo]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero is an almost completely anonymous coin and therefore it is prohibited for circulation in many states. This coin is often used by people in criminal and other dark deeds. Therefore, it is always under the close attention of states and their law enforcement agencies. Such coins have no future in civilized states, where some control over the movement of cash flows is considered the norm. Of course, Monero will always have its own circle of users, but that is why it will not be a very widespread cryptocurrency.

[Knight Hider]

This coin is often used by people in criminal and other dark deeds. Therefore, it is always under the close attention of states and their law enforcement agencies. Such coins have no future in civilized states, where some control over the movement of cash flows is considered the norm.

That's cash money you're talking about

--Knight Hider

[Abiky]

Monero is an almost completely anonymous coin and therefore it is prohibited for circulation in many states. This coin is often used by people in criminal and other dark deeds. Therefore, it is always under the close attention of states and their law enforcement agencies. Such coins have no future in civilized states, where some control over the movement of cash flows is considered the norm. Of course, Monero will always have its own circle of users, but that is why it will not be a very widespread cryptocurrency.

Wouldn't criminals prefer cash instead of crypto? I doubt Monero is used for criminal activities, especially when most criminals are not tech-savvy enough to understand it. The fact that XMR can't be used for offline transactions, is a dealbreaker to many. Just like BTC and the others (while it's possible to perform transactions offline, you'd need to connect to the Internet at some point to confirm it on the Blockchain).

As I've said many times before, Monero is widely-unpopular because of government misinformation and false propaganda. Strong opposition against privacy coins, have led exchanges to de-list Monero from their platforms. After all, governments don't want people to enjoy true financial freedom and privacy. This is only the beginning of a rocky road for Monero. I wouldn't worry about this, as long as the cryptocurrency stays decentralized and private for everyone. Who knows if it will outlast many of the altcoins being traded across exchanges today? Just my opinion

[Xal0lex]

Again I agree with you, privacy has always been of interest to a small portion of people who are obsessed with protecting their privacy. Such people will never use centralized exchanges, they will go to make Monero exchanges in decentralized P2P exchanges. I don't remember exactly, but I think I've seen some p2p exchanges that work only with Monero and they are still recommended by all those who value their privacy.

I believe Bisq and AgoraDesk/Local Monero are the best P2P exchanges where you can buy/sell XMR without KYC. Unless there isn't any government overreach, these exchanges will continue to operate as usual. Developers of Bisq better remain anonymous and hidden from the public if they want to avoid facing government prosecution. As for AgoraDesk/Local Monero, it's easy enough to take them down by restricting people from accessing the domain (they're hosted on centralized servers, after all). Same goes with Hodl Hodl and any other P2P exchange without a software client.

I've read somewhere that it was possible to do atomic swaps with Monero. You'd just send BTC to the network, and receive XMR in return. All without middleman and KYC-free. Who knows how much XMR will be worth in the future? Just my thoughts

If they close these exchangers, they will open others. The main thing is that the exchange does not connect various fiat solutions and other centralized products, then no KYC exchange will be afraid of. P2P without fiat will live a long time and represent those islands of privacy in the crypto industry, which the connoisseurs of anonymity, decentralization and privacy need. Exchanges themselves provoke regulation on their platforms when they add USD, banking products, payment processors and other services from the world of centralized finance.

[Abiky]

If they close these exchangers, they will open others. The main thing is that the exchange does not connect various fiat solutions and other centralized products, then no KYC exchange will be afraid of. P2P without fiat will live a long time and represent those islands of privacy in the crypto industry, which the connoisseurs of anonymity, decentralization and privacy need. Exchanges themselves provoke regulation on their platforms when they add USD, banking products, payment processors and other services from the world of centralized finance.

Exactly. Governments can't enforce regulations if a crypto exchange doesn't have Fiat trading pairs. That's because they don't have jusridiction on cryptocurrencies without a central authority (decentralized). You don't see governments cracking down on crypto-only exchanges these days (as far as I'm aware). I think DEXs and P2P exchanges with no Fiat pairs will most likely succeed in the long run. This means being able to buy/sell Monero using only crypto (zero Fiat).

As I've stated before, we have plenty of options to get access to Monero without middleman. Everything needs to stay open source and decentralized, so people will be able to enjoy XMR without restrictions. I don't mind about Monero being an unpopular cryptocurrency as long as it does the job it's supposed to. You can see why it's still the #1 privacy coin in the world. Who knows if Monero survives while others (Zcash, Grin, Beam, etc) go all the way down the drain in an instant? Just my thoughts

[Xal0lex]

If they close these exchangers, they will open others. The main thing is that the exchange does not connect various fiat solutions and other centralized products, then no KYC exchange will be afraid of. P2P without fiat will live a long time and represent those islands of privacy in the crypto industry, which the connoisseurs of anonymity, decentralization and privacy need. Exchanges themselves provoke regulation on their platforms when they add USD, banking products, payment processors and other services from the world of centralized finance.

Exactly. Governments can't enforce regulations if a crypto exchange doesn't have Fiat trading pairs. That's because they don't have jusridiction on cryptocurrencies without a central authority (decentralized). You don't see governments cracking down on crypto-only exchanges these days (as far as I'm aware). I think DEXs and P2P exchanges with no Fiat pairs will most likely succeed in the long run. This means being able to buy/sell Monero using only crypto (zero Fiat).

As I've stated before, we have plenty of options to get access to Monero without middleman. Everything needs to stay open source and decentralized, so people will be able to enjoy XMR without restrictions. I don't mind about Monero being an unpopular cryptocurrency as long as it does the job it's supposed to. You can see why it's still the #1 privacy coin in the world. Who knows if Monero survives while others (Zcash, Grin, Beam, etc) go all the way down the drain in an instant? Just my thoughts

Monero is becoming harder and harder to find on centralized crypto exchanges every year. Private coins there are subject to constant persecution. At the same time, the crypto space does not consist of only centralized exchanges, it is full of various P2P, DEX, Instant Swaps, where Monero is supported. Such services will always exist, which means that private coins and Monero will live on.

[Ziskinberg]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Because Monero is not Bitcoin?  Being the first decentralized cryptocurrency, although not a privacy coin, Bitcoin with the help of mixers can still keep the users secret .  Aside from that Bitcoin had been created and established way ahead of Monero and the fact that the government frowns upon any privacy coins makes it worse for Monero.

I believe Monero can be a main coin in the dark web but in mass adoption, it has no chance against Bitcoin.

Aside from that, Monero is no good at all compared to Bitcoin which is why we don't have to compare them both. In fact, Bitcoin was popular already before the creation of Monero and I don't think it was reasonable to consider this project as the main coin.
Well, privacy is not really important to most of us. As we are here in investment, what matters the most is the profit potential of the project which Bitcoin already has more than any other coins in the market. It looks like OP had missed seeing it.

[fzkto]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Because Monero is not Bitcoin?  Being the first decentralized cryptocurrency, although not a privacy coin, Bitcoin with the help of mixers can still keep the users secret .  Aside from that Bitcoin had been created and established way ahead of Monero and the fact that the government frowns upon any privacy coins makes it worse for Monero.

I believe Monero can be a main coin in the dark web but in mass adoption, it has no chance against Bitcoin.

Aside from that, Monero is no good at all compared to Bitcoin which is why we don't have to compare them both. In fact, Bitcoin was popular already before the creation of Monero and I don't think it was reasonable to consider this project as the main coin.
Well, privacy is not really important to most of us. As we are here in investment, what matters the most is the profit potential of the project which Bitcoin already has more than any other coins in the market. It looks like OP had missed seeing it.

A long time ago, Satoshi wrote on this forum that he wanted to implement privacy in Bitcoin, but at that time he could not do it, so the bitcoin blockchain is completely transparent and anyone can see the history of your transactions. Whether it is good or bad, everyone decides for himself. But if bitcoin privacy was on the mind of its creator, then privacy probably has an important role to play. Of course you can't compare Monero and Bitcoin, but still XMR is a good project, better than many others.

[Abiky]

Monero is becoming harder and harder to find on centralized crypto exchanges every year. Private coins there are subject to constant persecution. At the same time, the crypto space does not consist of only centralized exchanges, it is full of various P2P, DEX, Instant Swaps, where Monero is supported. Such services will always exist, which means that private coins and Monero will live on.

Monero will survive, but it will lose value once it's removed from centralized exchanges. That's because big investors won't be "pouring" money into Monero anymore. Like it or not, CEXs are the doors for "Wall Street" to get into the game. Without having access to the liquidity CEXs provide, XMR won't be able to reach a new ATH in the future. It will be an "underground coin" used only by privacy enthusiasts and criminals alike.

What matters is that Monero stays decentralized so that it could stand the test of time. Maybe it will live alongside Bitcoin for generations? No one can predict the future, so lets hope for the best. Just my opinion

[KingsDen]

Privacy is on two edged sword. To some extent privacy is needed by everyone because making public your private life is a kind of committing suicide because this data of yours that ought to be private but made public could be used against you anytime, either by the government officials or by the criminals.

In the other hand privacy is also being abused to a very large extent to the detriment of the people and the society. This is the reason a very good project like Monero is suffering to prosper in the cryptocurrency industry. Different governments of the world are against such privacy coins and also they find the way to hunt them down and because of this, exchanges especially centralized ones are afraid of listing such coins.

But then privacy cannot be totally lost. We therefore have the believe that as long as there are private people in the world, privacy coins cannot totally be evicted.

[Questat]

It is pretty simple, Monero never gets what the community wants to happen. They prefer to invest and use Bitcoin as it fills their profit goal and transparency if the transactions. I will tell you that it is not privacy where people are looking by now instead, they look for security and profit. If Monero is more profitable and even more useful compared to Bitcoin, people will choose it certainly but it was not so even me, why should I take it which there is another coin that gives me what I want? 

[dunfida]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

When it comes to total anonymity then XRM getting in line with ZCASH or to those fully anonymous coins then there's no doubt on such thing and this is why its just right that they do get that kind of recognition but in

speaking about beating up and replacing bitcoin to the top ranking spot? Then it is really that impossible but we know that chances and probabilities for BTC to be getting replaced is there but it is really hard to believe that it would happen anytime soon considering or looking with the demand on what Bitcoin have then no other coins in the market that are existing would be able to take its place. Also, come to mind that certain platforms
do really delist out those anonymous coins due to those regulation issues which we know that centralized platforms are really that getting in line with those things and this is why its not shocking on why they do set out
those kind of rules.
Also, we are still on a bear or consolidation period on which prices hasnt got up yet and so as with Bitcoin but on the time that the market would be green
then expect these coins would really be flying out once again.

[Xal0lex]

Monero is becoming harder and harder to find on centralized crypto exchanges every year. Private coins there are subject to constant persecution. At the same time, the crypto space does not consist of only centralized exchanges, it is full of various P2P, DEX, Instant Swaps, where Monero is supported. Such services will always exist, which means that private coins and Monero will live on.

Monero will survive, but it will lose value once it's removed from centralized exchanges. That's because big investors won't be "pouring" money into Monero anymore. Like it or not, CEXs are the doors for "Wall Street" to get into the game. Without having access to the liquidity CEXs provide, XMR won't be able to reach a new ATH in the future. It will be an "underground coin" used only by privacy enthusiasts and criminals alike.

What matters is that Monero stays decentralized so that it could stand the test of time. Maybe it will live alongside Bitcoin for generations? No one can predict the future, so lets hope for the best. Just my opinion

Monero has long been systematically removed from centralized exchanges and moved to lesser-known exchanges or towards P2P. If Monero disappears from all centralized exchanges, the trading volume will move to decentralized exchanges, as was the case with ETH. When FTX went bankrupt, ETH trading volume on Uniswap exceeded that of centralized exchanges for the first time. Investors will find a way out, the life of the coin does not end on centralized exchanges, it is only somewhat hindered.

[GeorgeJohn]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

While monero hasn't become main coin since it has been launched till date should be as result of the technology and the potentialities of the coin and it's project, a coin get well known base on how reputable is the coin and the objectives of the project, this so called monero has stayed in existence over nine (9) year it has been launched, it has been launched since 2014 if am not mistaken, but the project is not accelerating as expected likewise other project's, so therefore the reason I seen that might cause the setback of monero should be a lack of awareness and influence in the market, during bullish market monero doesn't speed up like other coins.

[andyou1234]

Monero is a coin that has high privacy because this coin has been around for a long time in the crypto world, but unfortunately the Monero development team does not follow technological developments like other coins so Monero cannot compete. with other coins, in my opinion, currently people prefer coins that have high dedication, of course those that have great potential to provide profits in the future, because over time, crypto has become a means of generating profits, for example like bitcoin, ethereum , and binance.

[Abiky]

Monero has long been systematically removed from centralized exchanges and moved to lesser-known exchanges or towards P2P. If Monero disappears from all centralized exchanges, the trading volume will move to decentralized exchanges, as was the case with ETH. When FTX went bankrupt, ETH trading volume on Uniswap exceeded that of centralized exchanges for the first time. Investors will find a way out, the life of the coin does not end on centralized exchanges, it is only somewhat hindered.

Liquidity will move to decentralized exchanges without a doubt. The real question is: Will Monero be valued the same? For what I know, institutional investors and whales are the ones who usually keep market prices afloat. An "outlawed" cryptocurrency would certainly scare away these people from getting into the game. This means less demand and a lower market price.

At least, Monero won't be going anywhere thanks to the way it was designed (decentralized and censorship-resistant). Who knows if Monero remains the sole privacy coin in the future due to strict government regulations? Just my thoughts

[AmoreJaz]

Monero is a coin that has high privacy because this coin has been around for a long time in the crypto world, but unfortunately the Monero development team does not follow technological developments like other coins so Monero cannot compete. with other coins, in my opinion, currently people prefer coins that have high dedication, of course those that have great potential to provide profits in the future, because over time, crypto has become a means of generating profits, for example like bitcoin, ethereum , and binance.

besides, not many crypto users have the knowledge to use monero. so they stick to known ones like bitcoin. also some exchanges are not offering the monero trading pair because of regulations.
but for those who are after for their privacy, i believe, they will find monero. and also, monero team is not so keen in marketing their coin. hence, even new users are not into this privacy coin.

[_BlackStar]

-snip-

While monero hasn't become main coin since it has been launched till date should be as result of the technology and the potentialities of the coin and it's project, a coin get well known base on how reputable is the coin and the objectives of the project, this so called monero has stayed in existence over nine (9) year it has been launched, it has been launched since 2014 if am not mistaken, but the project is not accelerating as expected likewise other project's, so therefore the reason I seen that might cause the setback of monero should be a lack of awareness and influence in the market, during bullish market monero doesn't speed up like other coins.

Market competition sometimes causes old altcoins to be abandoned by investors. I never knew much about Monero and to be honest I had no interest in this altcoin. Compared to Monero - I tend to prefer ETH or BNB which seem to have use cases although some people disagree with me. Obviously I have a preference about some altcoins especially just a few.

[Abiky]

besides, not many crypto users have the knowledge to use monero. so they stick to known ones like bitcoin. also some exchanges are not offering the monero trading pair because of regulations.
but for those who are after for their privacy, i believe, they will find monero. and also, monero team is not so keen in marketing their coin. hence, even new users are not into this privacy coin.

Indeed. Unlike Bitcoin and similar cryptocurrencies, Monero has a steep learning curve. It uses three keys instead of two (spending key, view key, public key). Additionally, Monero wallets ask users how many "mixins" they want before making a transaction (the higher the number, the more anonymous your transaction will be).

I guess that's why Monero is not as widely-adopted as other coins (aside from the fact that it's a privacy coin often attacked by governments themselves). It's likely XMR will end up being traded solely at decentralized exchanges and P2P trading platforms due to fierce government regulations. As long as it's able to stay private and decentralized forever, there should be nothing to worry about. Just my opinion

[X-ray]

besides, not many crypto users have the knowledge to use monero. so they stick to known ones like bitcoin. also some exchanges are not offering the monero trading pair because of regulations.
but for those who are after for their privacy, i believe, they will find monero. and also, monero team is not so keen in marketing their coin. hence, even new users are not into this privacy coin.

Indeed. Unlike Bitcoin and similar cryptocurrencies, Monero has a steep learning curve. It uses three keys instead of two (spending key, view key, public key). Additionally, Monero wallets ask users how many "mixins" they want before making a transaction (the higher the number, the more anonymous your transaction will be).

I guess that's why Monero is not as widely-adopted as other coins (aside from the fact that it's a privacy coin often attacked by governments themselves). It's likely XMR will end up being traded solely at decentralized exchanges and P2P trading platforms due to fierce government regulations. As long as it's able to stay private and decentralized forever, there should be nothing to worry about. Just my opinion

Anyone would rather than avoid to use this privacy coin instead of being accused by government to do criminal activities and being jailed. Privacy is not a major concern for anyone in crypto. To be transparent, they agree to provide their identities to the exchange site.
Privacy coin may not be needed again. The regulators can easily accuse people who used privacy coin to be connected with some criminal activities. Monero is good only for p2p transaction.
The beauty of privacy coin already burned by regulators with so many restrictions.

[woez]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Maybe Due to lack of demand and market correction it has not yet recovered, but if those who already understand what Monero is, they will happily continue collecting and accumulating to this day.

Anyone would rather than avoid to use this privacy coin instead of being accused by government to do criminal activities and being jailed. Privacy is not a major concern for anyone in crypto. To be transparent, they agree to provide their identities to the exchange site.
Privacy coin may not be needed again. The regulators can easily accuse people who used privacy coin to be connected with some criminal activities. Monero is good only for p2p transaction.
The beauty of privacy coin already burned by regulators with so many restrictions.

That's right, apart from that, many have adopted a model like the Monero coin developed and it may be more comfortable and safe from the eyes of regulators and other institutions who continue to look for strange issues related to things that are not good in digital transactions.

[Kelvinid]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Maybe Due to lack of demand and market correction it has not yet recovered, but if those who already understand what Monero is, they will happily continue collecting and accumulating to this day.

It was not just MAYBE as it was the real thing that happened with Monero as people didn't see it as a valuable asset that could give them a huge profit.
As an investor, I don't just look for privacy but for an ROI which definitely I can't find it with Monero so why do I have to choose this project which in fact there is Bitcoin that really suits my goal? Practically speaking, despite the fact that Monero gives privacy, unfortunately, it was not the thing that most of us wanted to see which makes them ignore this coin.

[Beparanf]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Maybe Due to lack of demand and market correction it has not yet recovered, but if those who already understand what Monero is, they will happily continue collecting and accumulating to this day.

It was not just MAYBE as it was the real thing that happened with Monero as people didn't see it as a valuable asset that could give them a huge profit.
As an investor, I don't just look for privacy but for an ROI which definitely I can't find it with Monero so why do I have to choose this project which in fact there is Bitcoin that really suits my goal? Practically speaking, despite the fact that Monero gives privacy, unfortunately, it was not the thing that most of us wanted to see which makes them ignore this coin.

Agreed, there’s only people here that seek pure privacy and most of user preferred privacy with good investment opportunities which Bitcoin offers despite Bitcoin doesn’t complete privacy at all.

Monero is know for being privacy coin so I don’t understand the reason for mocking about Monero not being popular while monero main goal is to become a stealth coin which they can’t achieve if it’s become popular. They are now even delisted on some huge exchange for being a privacy coin.

[Blitzboy]

Monero has long been systematically removed from centralized exchanges and moved to lesser-known exchanges or towards P2P. If Monero disappears from all centralized exchanges, the trading volume will move to decentralized exchanges, as was the case with ETH. When FTX went bankrupt, ETH trading volume on Uniswap exceeded that of centralized exchanges for the first time. Investors will find a way out, the life of the coin does not end on centralized exchanges, it is only somewhat hindered.

Liquidity will move to decentralized exchanges without a doubt. The real question is: Will Monero be valued the same? For what I know, institutional investors and whales are the ones who usually keep market prices afloat. An "outlawed" cryptocurrency would certainly scare away these people from getting into the game. This means less demand and a lower market price.

At least, Monero won't be going anywhere thanks to the way it was designed (decentralized and censorship-resistant). Who knows if Monero remains the sole privacy coin in the future due to strict government regulations? Just my thoughts

Naturally autonomous, they break the rules. Privacy and freedom have always been Monero's priorities. Whats its value? The market's vibe changes often, which I adore. According to you, institutional purchasers and "mighty whales," stabilize the market. Demand may drop if people dont want to utilize a "illegal" cryptocurrency. Monero's endurance comes from its autonomy and inability to be blocked, although government regulations' total impact is unknown. The open design of Monero may be its strength or weakness in a market that wants to be trusted.

[Abiky]

Anyone would rather than avoid to use this privacy coin instead of being accused by government to do criminal activities and being jailed. Privacy is not a major concern for anyone in crypto. To be transparent, they agree to provide their identities to the exchange site.
Privacy coin may not be needed again. The regulators can easily accuse people who used privacy coin to be connected with some criminal activities. Monero is good only for p2p transaction.
The beauty of privacy coin already burned by regulators with so many restrictions.

Yes. Centralized exchanges already defeat privacy coins' original purpose. Most people don't care about this since they "have nothing to hide". Once governments ban Monero from widespread use, interest/demand for the cryptocurrency will decline. I believe only criminals will use Monero, while the rest of the world will "stick" with ordinary cryptocurrencies such as Bitcoin and Ethereum. Governments will try to shut down the Monero blockchain, but they will ultimately fail due to its decentralized and censorship-resistant design.

We can blame the regulators for bringing a "bad image" to privacy coins among the general public. I guess that explains why Monero is so unpopular. I'm fine with that as long as decentralization wins in the long run. Who knows if Monero lasts for generations? Just my thoughts

[lixer]

besides, not many crypto users have the knowledge to use monero. so they stick to known ones like bitcoin. also some exchanges are not offering the monero trading pair because of regulations.
but for those who are after for their privacy, i believe, they will find monero. and also, monero team is not so keen in marketing their coin. hence, even new users are not into this privacy coin.

Indeed. Unlike Bitcoin and similar cryptocurrencies, Monero has a steep learning curve. It uses three keys instead of two (spending key, view key, public key). Additionally, Monero wallets ask users how many "mixins" they want before making a transaction (the higher the number, the more anonymous your transaction will be).

I guess that's why Monero is not as widely-adopted as other coins (aside from the fact that it's a privacy coin often attacked by governments themselves). It's likely XMR will end up being traded solely at decentralized exchanges and P2P trading platforms due to fierce government regulations. As long as it's able to stay private and decentralized forever, there should be nothing to worry about. Just my opinion

The fact that it is a bit more complicated, or even a lot more complicated could not be the only reason to be fair, I feel that we are not going to end up with any result that would be all that much different from just that alone. The fact that it requires much more work BUT it doesn't offer anything that many people want is the real reason.

The whole point of monero is privacy, and in the day and age where people are not caring about their privacy, that means that asking people to work a lot more to get monero in exchange of something they do not even want was the real reason why it never got any big attention. Maybe some people will disagree with me, but the results are the proof of this already anyway.

[Xal0lex]

Monero has long been systematically removed from centralized exchanges and moved to lesser-known exchanges or towards P2P. If Monero disappears from all centralized exchanges, the trading volume will move to decentralized exchanges, as was the case with ETH. When FTX went bankrupt, ETH trading volume on Uniswap exceeded that of centralized exchanges for the first time. Investors will find a way out, the life of the coin does not end on centralized exchanges, it is only somewhat hindered.

Liquidity will move to decentralized exchanges without a doubt. The real question is: Will Monero be valued the same? For what I know, institutional investors and whales are the ones who usually keep market prices afloat. An "outlawed" cryptocurrency would certainly scare away these people from getting into the game. This means less demand and a lower market price.

At least, Monero won't be going anywhere thanks to the way it was designed (decentralized and censorship-resistant). Who knows if Monero remains the sole privacy coin in the future due to strict government regulations? Just my thoughts

Naturally autonomous, they break the rules. Privacy and freedom have always been Monero's priorities. Whats its value? The market's vibe changes often, which I adore. According to you, institutional purchasers and "mighty whales," stabilize the market. Demand may drop if people dont want to utilize a "illegal" cryptocurrency. Monero's endurance comes from its autonomy and inability to be blocked, although government regulations' total impact is unknown. The open design of Monero may be its strength or weakness in a market that wants to be trusted.

Monero can exist without whales and institutionals, it will also exist if all centralized exchanges abandon it. In these scenarios, the utilitarian properties or the ability to remain anonymous will not suffer. What would suffer would be the users themselves, as many Monero holders bought the coins at prices of ~$50-500. What would happen to them in a negative scenario? They will lose their money and their coins will be devalued, but their privacy will not go anywhere. All the discussed threats around Monero are only about its speculative functions and its price.

[blue Snow]

The whole point of monero is privacy, and in the day and age where people are not caring about their privacy, that means that asking people to work a lot more to get monero in exchange of something they do not even want was the real reason why it never got any big attention. Maybe some people will disagree with me, but the results are the proof of this already anyway.

I agree with you, many people don't care about privacy and don't care about coin that's the main goal is privacy, Until the government limited that, they just realized that Monero important and started thinking to having one. But a bit too late because the price has increased many times. There are many exchanges which makes it easy to exchange btc to monero quickly wihout create account or login. I think it's not a big problem. but, i don't know why until today, there are still many who don't care about that even the goverment Banned crypto and blacklisted it.

[Sebas.tian]

If you are looking for main coin to invest in this bearish, I will advise you to make Ethereum or binance your major coin that you will invest your money and hold for that price of your wish to appear before you can sell to make a passive income. I don't think monero is more popular like all those coins I mentioned, if truly you want to make a good income from your investment then carry out your personal research to know if truly monero has a secure privacy like Ethereum and binance which holders has tried over some years and their privacy is well secured. Once your privacy is secure in any coins you are holding for long, show that you don't have anything to worry about that particular coin you are holding because that is the sign of potential coins.

[Joeyp]

Well I think when it was created in 2014 we thought it would be the only real coin for 'privacy'. But now there is so many other alt coins that have more privacy then moreno.
I just think some new ones came along. It is a old coin like Dash and Zcoin that now are not so popular and with less marketcap then they had years back.

Would be interested which are those many other alt coins that have more privacy than monero ?

[Abiky]

Monero can exist without whales and institutionals, it will also exist if all centralized exchanges abandon it. In these scenarios, the utilitarian properties or the ability to remain anonymous will not suffer. What would suffer would be the users themselves, as many Monero holders bought the coins at prices of ~$50-500. What would happen to them in a negative scenario? They will lose their money and their coins will be devalued, but their privacy will not go anywhere. All the discussed threats around Monero are only about its speculative functions and its price.

You're right about that. The main problem is that most people measure a cryptocurrency's value in Fiat. Without mainstream CEXs supporting Monero, I fail to see how adoption will grow in the long run. On the contrary, adoption will decline since most people will be afraid of using an "outlawed" cryptocurrency in the first place. It's likely the USD value of XMR will decline too. If you don't care about the price, then Monero getting de-listed from every CEX shouldn't be a major concern.

I'm happy with Monero just the way it is as long as it remains decentralized and censorship-resistant. With constant network upgrades aimed to improve privacy and keep "ASICs away", it's likely Monero will last for a very long time. Maybe it will get to live alongside Bitcoin for generations? Just my opinion

[RussianEnglishTranslation]

0xMonero does everything that Monero was supposed to do better. It's EVM compatible, limited supply, not a honey pot, no whales, no viruses or cryptojackers etc.

[Xal0lex]

Monero can exist without whales and institutionals, it will also exist if all centralized exchanges abandon it. In these scenarios, the utilitarian properties or the ability to remain anonymous will not suffer. What would suffer would be the users themselves, as many Monero holders bought the coins at prices of ~$50-500. What would happen to them in a negative scenario? They will lose their money and their coins will be devalued, but their privacy will not go anywhere. All the discussed threats around Monero are only about its speculative functions and its price.

You're right about that. The main problem is that most people measure a cryptocurrency's value in Fiat. Without mainstream CEXs supporting Monero, I fail to see how adoption will grow in the long run. On the contrary, adoption will decline since most people will be afraid of using an "outlawed" cryptocurrency in the first place. It's likely the USD value of XMR will decline too. If you don't care about the price, then Monero getting de-listed from every CEX shouldn't be a major concern.

This is the fear of any cryptocurrency, even bitcoin. Cryptocurrency itself, especially on PoW consensus, cannot be banned because it is decentralized and there is no single command center. Most crypto users primarily associate cryptocurrency with the price on the exchange, and if this price collapses by 90%, many will consider the coin dead.

In this regard, those who became early investors in Monero are at an advantage, as they are not strongly tied to the value of the coin itself, because the cost of their coins is extremely low.

[Abiky]

This is the fear of any cryptocurrency, even bitcoin. Cryptocurrency itself, especially on PoW consensus, cannot be banned because it is decentralized and there is no single command center. Most crypto users primarily associate cryptocurrency with the price on the exchange, and if this price collapses by 90%, many will consider the coin dead.

In this regard, those who became early investors in Monero are at an advantage, as they are not strongly tied to the value of the coin itself, because the cost of their coins is extremely low.

Most people are into crypto because of the money. Not because they believe in its tech. Monero may have some value today, but it could all fade away once it gets "banned" from CEXs. Only the underground world will use Monero no matter what. The rest of the people will stay with transparent crypto coins such as Bitcoin and Ethereum, especially when they "have nothing to hide".

You can see there aren't as much privacy-oriented coins today like it used to be in the early days. Developers are afraid of launching new coins with privacy features due to tighter regulations. These days, coins are fully transparent with PoS as their main consensus algorithm. It's a pity because this makes the crypto industry centralized. There's nothing we can do, other than sit back and wait what happens in the long run. I'd be surprised if Monero is still trading across centralized exchanges within a decade from now. Just my thoughts

[Xal0lex]

This is the fear of any cryptocurrency, even bitcoin. Cryptocurrency itself, especially on PoW consensus, cannot be banned because it is decentralized and there is no single command center. Most crypto users primarily associate cryptocurrency with the price on the exchange, and if this price collapses by 90%, many will consider the coin dead.

In this regard, those who became early investors in Monero are at an advantage, as they are not strongly tied to the value of the coin itself, because the cost of their coins is extremely low.

Most people are into crypto because of the money. Not because they believe in its tech. Monero may have some value today, but it could all fade away once it gets "banned" from CEXs. Only the underground world will use Monero no matter what. The rest of the people will stay with transparent crypto coins such as Bitcoin and Ethereum, especially when they "have nothing to hide".

You can see there aren't as much privacy-oriented coins today like it used to be in the early days. Developers are afraid of launching new coins with privacy features due to tighter regulations. These days, coins are fully transparent with PoS as their main consensus algorithm. It's a pity because this makes the crypto industry centralized. There's nothing we can do, other than sit back and wait what happens in the long run. I'd be surprised if Monero is still trading across centralized exchanges within a decade from now. Just my thoughts

That's the big obstacle to mass adoption. People don't want to delve into the technology and utility, and value only the speculative part of cryptocurrencies. If it's the other way around and technology is paramount to people, we won't notice hundreds of thousands of useless tokens that have no technology and utilitarian properties disappearing from the market. It is people's own fault that the cryptocurrency market is flooded with a lot of shitcoins, because they invest their money in them, which means there is a demand. Where there is demand, there will be supply.

[cute nmp]

Dont know the actual reason why Monero is still unpopular among many people it is one of my favorites been holding some since the bullmarket ,Though i sold much of it now i am still holding some. It is still so much better than most of the new altcoins in the market today dont know why it is still not much adopted till now.

[livingfree]

It actually did.

But with all centralized tokens and shitcoins that have come to promote themselves more profitable than the more legitimate cryptos like XMR. It has became the choice of many and didn't care at all with privacy stuff.

Also, the banning scenarios that has been banned by many exchanges on it that made people scared of it that it might be nonsense anymore to hold it when the governments are fighting against privacy cryptos.

[Blitzboy]

This is the fear of any cryptocurrency, even bitcoin. Cryptocurrency itself, especially on PoW consensus, cannot be banned because it is decentralized and there is no single command center. Most crypto users primarily associate cryptocurrency with the price on the exchange, and if this price collapses by 90%, many will consider the coin dead.

In this regard, those who became early investors in Monero are at an advantage, as they are not strongly tied to the value of the coin itself, because the cost of their coins is extremely low.

Most people are into crypto because of the money. Not because they believe in its tech. Monero may have some value today, but it could all fade away once it gets "banned" from CEXs. Only the underground world will use Monero no matter what. The rest of the people will stay with transparent crypto coins such as Bitcoin and Ethereum, especially when they "have nothing to hide".

You can see there aren't as much privacy-oriented coins today like it used to be in the early days. Developers are afraid of launching new coins with privacy features due to tighter regulations. These days, coins are fully transparent with PoS as their main consensus algorithm. It's a pity because this makes the crypto industry centralized. There's nothing we can do, other than sit back and wait what happens in the long run. I'd be surprised if Monero is still trading across centralized exchanges within a decade from now. Just my thoughts

I believe it is indeed a serious issue that most people are leaning towards transparent coins like Bitcoin and Ethereum. Your observation about Monero potentially getting sidelined is astute. It is hard to use, and that is a significant deterrent for many.

Think about this: What if the "nothing to hide" mentality changes? Societal perspectives are ever-evolving. People might swing back to valuing their privacy more, and then, coins like Monero could see a resurgence.

However, I agree that, for now, the trend is towards transparency, and the regulatory environment is adding to that momentum. The future of Monero and similar coins looks uncertain in the centralized exchange ecosystem, and its really a wait-and-watch situation as you rightly put it. Thanks for adding to the wisdom of the crypto community with your thoughts!

[Nrcewker]

Monero has its niche in the market and has its utility, why should it be overly popular? It is just about the only old pow coin that is still trusted by privacy enthusiasts. Such projects don't need excessive attention from regulators and adoption, as it will ruin the coin, it will start to be banned even more, they will try to regulate it and things like that. Don't expect Monero to be as fast as DOGE.

I can really say that Monero was one of the oldest altcoin that I have ever came across. 5-6 years back Monero along with XRP and LTC had crazy fan base. Whenever you ask any trader about their holdings, Monero will be surely present in that list. Yes days passed and new coins came with better opportunities, hence people moved from these OG coins to the new ones to make more profit. I still believe that Monero has good capabilities and it’s a good coin to invest.

[lamxanutnah]

Bitcoin has been around longer and is more widely recognized in the investment and business communities. Its higher popularity and awareness make it a natural choice for many users and organizations.
Some countries and regulatory bodies are not fond of Monero's strong privacy features because it can be used for illegal activities or money laundering. This can lead to concerns and pressure from authorities to control or ban Monero.

[wantraung8ah]

Bitcoin has had more time to integrate with traditional financial services and systems. Monero is working on broader integration, but it is still in the process of development and expansion.Bitcoin has a larger liquidity market and is traded on numerous major exchanges. This makes buying and trading Bitcoin easier compared to Monero, which can limit user choices.

[Huppercase]

Bitcoin has had more time to integrate with traditional financial services and systems. Monero is working on broader integration, but it is still in the process of development and expansion.Bitcoin has a larger liquidity market and is traded on numerous major exchanges. This makes buying and trading Bitcoin easier compared to Monero, which can limit user choices.

No! No!!

Your opinion is disparaging.
I'm not sure about this but I don't think there is any altcoin that has high level of privacy like Monero. Bitcoin has its own privacy, but can be easily broken and that's why you see we have lots of mixers around bitcoin to improve their privacy by using some specialized protocols to achieve privacy to the fullest and despite that, there are some onchain analyst that still find a way to break them and if you're not careful about the choice of mixers, they can keep your backlogs which can be used to track you down if they further investigate the mixers later in the future.

However, monero don't require all of this long process. A VPN on any exchange or routine through onion and making transaction through monero is one the best way to archieve maximum privacy, you will hardly here much about chain analyst saying they have tracked how money are move in monero. This is why some exchange don't allow users to deposit Monero on the exchange because on chain analyst and the government hardly track the source and the destination of transactions with monero.


Monero xmr is really good to achieve high priority of privacy but at the same time, it's scary on the level of what can be done with it and bitcoin anonymousity don't come close to it but it's still the best compare to bitcoin privacy.

[Argoo]

This is the fear of any cryptocurrency, even bitcoin. Cryptocurrency itself, especially on PoW consensus, cannot be banned because it is decentralized and there is no single command center. Most crypto users primarily associate cryptocurrency with the price on the exchange, and if this price collapses by 90%, many will consider the coin dead.

In this regard, those who became early investors in Monero are at an advantage, as they are not strongly tied to the value of the coin itself, because the cost of their coins is extremely low.

Monero differs from the bulk of cryptocurrency in its high degree of anonymity, and this is the problem of its current state. Many understand that states will strengthen regulation of cryptocurrency and this will primarily concern the identification of participants in the cryptocurrency market. If this affects Monero, then its specialness and current attractiveness will disappear and this coin will turn into hundreds and thousands of them that are available in this market. Some states, including Japan, simply prohibit the circulation of this coin on their territory and this cannot but affect the decline in its popularity.

[Biznesmen]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Montero is a decentralized peer-to-peer payment currency. But unlike Bitcoin, which allows you to see any and all account balances and transactions, with Monero everything is hidden using something called ring signatures, which obscure the destination, the origin, and the amount sent. Other tech layers help to do things like obscure your IP address, allow for stealth addresses, and hide the transaction amount. Monero is untraceable, unlikable, and truly private, which is why it has remained so popular throughout the years. As long as there is a need for privacy, there will be a need for monero. So I don't believe it's the coin that's actually unpopular, but actually a bit mysterious and private, but quite popular. I think Monero has a distinctive place in the marketplace for digital currencies, particularly because some individuals think it is far better than Bitcoin.

[strunberg]

Yes days passed and new coins came with better opportunities, hence people moved from these OG coins to the new ones to make more profit. I still believe that Monero has good capabilities and it’s a good coin to invest.

Of course, other coins have a better chance of fetching a better price. I also agree that Monero is a good coin. But is it worth it for investors to save the coins and then hope to make a profit? I do not think so. The price of Monero is the same as XRP in that there are not too many significant movements. I think that's one of the key factors that makes Monero pricing not so popular.

[Xal0lex]

Monero has its niche in the market and has its utility, why should it be overly popular? It is just about the only old pow coin that is still trusted by privacy enthusiasts. Such projects don't need excessive attention from regulators and adoption, as it will ruin the coin, it will start to be banned even more, they will try to regulate it and things like that. Don't expect Monero to be as fast as DOGE.

I can really say that Monero was one of the oldest altcoin that I have ever came across. 5-6 years back Monero along with XRP and LTC had crazy fan base. Whenever you ask any trader about their holdings, Monero will be surely present in that list. Yes days passed and new coins came with better opportunities, hence people moved from these OG coins to the new ones to make more profit. I still believe that Monero has good capabilities and it’s a good coin to invest.

Monero, Bitcoin and Litecoin have a very high trust among crypto users and also these coins have a very large adoption in the crypto environment. These coins are found in many services and are good ways to pay for goods and services. Undoubtedly, these coins will never die because they have a utilitarian function and not just speculation on exchanges.

[Abiky]

Monero differs from the bulk of cryptocurrency in its high degree of anonymity, and this is the problem of its current state. Many understand that states will strengthen regulation of cryptocurrency and this will primarily concern the identification of participants in the cryptocurrency market. If this affects Monero, then its specialness and current attractiveness will disappear and this coin will turn into hundreds and thousands of them that are available in this market. Some states, including Japan, simply prohibit the circulation of this coin on their territory and this cannot but affect the decline in its popularity.

Regulations will get tougher over time. I hardly doubt Monero will gain the approval of the regulators due to the way it was designed. The cryptocurrency will face constant opposition from mainstream governments until it's "banned for good". At least, people will still be able to get access to it through DEXs and P2P exchanges. What's important is that Monero stays private and decentralized forever. As long as it stays that way, there should be nothing to worry about.

I couldn't imagine an scenario where privacy coins become extinct in the future. If that happens, everything crypto (especially Bitcoin) has achieved so far would be nothing but lost. We can never underestimate the power of governments and banks. No one can predict the future, so lets hope for the best.

[bolshojkush]

Monero is very popular in narrow circles, but not all beginners have heard about it, so it's easier to keep money in bitcoins, due to the growth of the latter. Monero is used to launder dirty money, including dirty bitcoins. The scheme is simple dirty bitcoin - montero - bitcoin. The money was laundered, but it is stored in bitcoins or in stablecoins, therefore there is no big increase in the price of Monero and its popularity.

[Knight Hider]

The scheme is simple dirty bitcoin - montero - bitcoin. The money was laundered

If there is such a thing as dirty bitcoin, the bitcoin you get back will be just as dirty as the bitcoin you put in. That's not laundering, it's hiding your trail.

[Abiky]

Monero is very popular in narrow circles, but not all beginners have heard about it, so it's easier to keep money in bitcoins, due to the growth of the latter. Monero is used to launder dirty money, including dirty bitcoins. The scheme is simple dirty bitcoin - montero - bitcoin. The money was laundered, but it is stored in bitcoins or in stablecoins, therefore there is no big increase in the price of Monero and its popularity.

Who told you Monero is used for money laundering? If you believe everything the government says, then you don't have what it takes to be in crypto. For what I know, Fiat currencies are used more for illegal activities than cryptocurrencies. The vast majority of Monero users are legitimate (AFAIK). Of course, there's no way to prove this. Especially when transaction data in the XMR blockchain is obfuscated. I guess that's why governments are keen on shutting down Monero for good. Or at least, de-list it from as many exchanges as possible to prevent it from reaching mainstream adoption.

I have to admit using Monero is a little bit complicated if you're used to ordinary cryptocurrencies such as BTC and LTC. This slight learning curve is one of the many reasons why most people avoid XMR in the first place. At least we know Monero won't be going anywhere soon. As long as the project is being actively developed, there should be nothing to worry about. Maybe XMR will outlast many of the shiny-new coins we know and love today?

[bolshojkush]

Monero is very popular in narrow circles, but not all beginners have heard about it, so it's easier to keep money in bitcoins, due to the growth of the latter. Monero is used to launder dirty money, including dirty bitcoins. The scheme is simple dirty bitcoin - montero - bitcoin. The money was laundered, but it is stored in bitcoins or in stablecoins, therefore there is no big increase in the price of Monero and its popularity.

Who told you Monero is used for money laundering?

I watched a big interview with a man in uniform who is engaged in crime investigations, and it was he who told about the scheme of laundering bitcoins through monero. And it looks true, since I've been studying how the monroe blockchain works.

[wtsimis]

The main problem with Monero is that it tries to maintain too much privacy which is considered illegal activity. Moreover some exchanges have been asked to be cautious while listing it. Moreover, cryptocurrencies like Bitcoin lack widespread acceptance with the mainstream, which further limits its use. Because monero is behaving like a total anti-government. Officially called it anonymous for czar's privacy. This is why monero has become an unpopular token.

[Abiky]

The main problem with Monero is that it tries to maintain too much privacy which is considered illegal activity. Moreover some exchanges have been asked to be cautious while listing it. Moreover, cryptocurrencies like Bitcoin lack widespread acceptance with the mainstream, which further limits its use. Because monero is behaving like a total anti-government. Officially called it anonymous for czar's privacy. This is why monero has become an unpopular token.

Privacy is NOT a crime. It's a human right. Just because some people use privacy for bad things, doesn't mean it should be completely discarded. I know Monero has legitimate use cases thanks to its privacy features. Those running a business might want to hide their transactions from prying eyes. Or those who don't want their family or friends to know their entire financial life can use Monero's privacy features for complete peace of mind.

As with every technology, Monero is a "double-edged sword". It can be used for both good and bad things. Unfortunately, governments' misinformation and false propaganda hss led the public believe privacy coins are solely used for criminal activities. You can see why XMR and similar coins are widely unpopular these days. At least we know the Monero project won't be going anywhere soon. As long as it remains decentralized and censorship-resistant, nothing will be able to stand on its way.

[TravelMug]

Speaking of Monero, do you guys heard about this news? Finnish authorities traced Monero transactions tied to Vastaamo hack.

Finland’s National Bureau of Investigation reportedly traced Monero transactions in connection with the criminal trial of Julius Aleksanteri Kivimäki and the Vastaamo hack.

I might have my doubts though, maybe along the way when he transferred it to a CEX, Binance. And we all know that Binance works with regulators and authorities and this is how they traced it back to the criminals. And not directly breaking the privacy-centric code of Monero. In any case, the hacker is already with the authorities and it's hard for Kivimäki even if he covers his track, but still it lead him to his bank account.

[tengui]

What main coin do you mean? and what kind of privacy does monero offer?
Main coin means beating bitcoin or becoming the king of altcoins? in crypto it is not only about privacy but also about technology, popularity and transaction speed.

[tsaroz]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero is a privacy focused coin that makes it popular to people who wants their payments to be untraceable. And Monero is so much effective in that sense that it is one of the most used coins for people laundering money, funding terrorism and providing illegal goods and services. It's the coin of choice for darkweb marketplace. It is often associated with crimes and hence considered a criminal coin.
That's why it's a prime target for law enforcement agencies. They are doing all they can to crack down and stop the use of Monero. They have made it such difficult to buy and sell Monero that normal traders and investors who have nothing to hide don't bother taking the trouble of owning it.

[MiauKitchen]

there are several things that make monero unpopular one of which is because monero offers a very high level of privacy than other cryptocurrencies usually that way is less favored by financial regulators who want more transparency.
Even though monero may not be as popular as other cryptocurrencies, the value of monero is still relevant depending on the needs and preferences of other users.

[bolshojkush]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero is a privacy focused coin that makes it popular to people who wants their payments to be untraceable. And Monero is so much effective in that sense that it is one of the most used coins for people laundering money, funding terrorism and providing illegal goods and services. It's the coin of choice for darkweb marketplace. It is often associated with crimes and hence considered a criminal coin.
That's why it's a prime target for law enforcement agencies. They are doing all they can to crack down and stop the use of Monero. They have made it such difficult to buy and sell Monero that normal traders and investors who have nothing to hide don't bother taking the trouble of owning it.

They made buying and selling more difficult, is that so? Monero can be bought on almost any exchange, including binance. Monero is also sold on exchangers. But, I wonder why it is not available on decentralized exchanges...

[onecall123]

there are several things that make monero unpopular one of which is because monero offers a very high level of privacy than other cryptocurrencies usually that way is less favored by financial regulators who want more transparency.
Even though monero may not be as popular as other cryptocurrencies, the value of monero is still relevant depending on the needs and preferences of other users.

Monero is still widely used by many, although there are countries where owning Monero is illegal. Due to privacy coin feature Monero bans in the EU. While I've never used it, I believe those who need privacy coins, use it.

Despite these considerations, Monero remains prevalent as a top 30 cap coin.

[Abiky]

Speaking of Monero, do you guys heard about this news? Finnish authorities traced Monero transactions tied to Vastaamo hack.

Finland’s National Bureau of Investigation reportedly traced Monero transactions in connection with the criminal trial of Julius Aleksanteri Kivimäki and the Vastaamo hack.

I might have my doubts though, maybe along the way when he transferred it to a CEX, Binance. And we all know that Binance works with regulators and authorities and this is how they traced it back to the criminals. And not directly breaking the privacy-centric code of Monero. In any case, the hacker is already with the authorities and it's hard for Kivimäki even if he covers his track, but still it lead him to his bank account.

If the hacker used centralized exchanges, then he left a trail that would link the Monero to his identity. XMR's privacy features won't matter if you aren't cautious. I'd bet Finnish authorities will have a hard time finding the hacker if he would've used DEXs and/or P2P trading platforms. Lesson learned, I guess.

Hopefully, the Monero blockchain remains private enough to combat government surveillance. It's still the #1 privacy coin in the world (despite being widely unpopular in crypto land). Maybe it will be the only coin of its class that will stand the test of time?

[jwinterm]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero was a top 5 coin by mcap at one point, and it is still top 30 and I would say a "main coin". Honestly I think Monero has the third biggest real community/network of supporters and true believers after BTC and ETH.

[Sophokles]

What main coin do you mean? and what kind of privacy does monero offer?
Main coin means beating bitcoin or becoming the king of altcoins? in crypto it is not only about privacy but also about technology, popularity and transaction speed.

You should study about monero and its privacy protocol. Your lack of knowledge about privacy protocols is new so you should know that they are a bit different from bitcoin in terms of technology. Bitcoin transactions are publicly available for the world when monero offers privacy which is very demanded among the institutions. Institutional investor don't want to show their track record to the world for strategic reasons, so they would like to use a blockchain like monero and this is the same reason for the government don't like it.

[PIMPdev]

Because most people want to trade coins, or just buy and hold them to sell at a greater price. Privacy and technology are for enthusiasts, not for the masses. It has always been like that.

[Bushdark]

What main coin do you mean? and what kind of privacy does monero offer?
Main coin means beating bitcoin or becoming the king of altcoins? in crypto it is not only about privacy but also about technology, popularity and transaction speed.

Transaction speed and technology is one of the things that can make a project to go far in the cryptocurrency market.
Once we understand how to get things done that would attract more investors, that project is going to go farther than it other competitors. There are many crypto projects that are pegging their values to Bitcoin which does not make any sense at all.
Some would want to beat Bitcoin saying they are better than the most influential crypto project in the market.

[synchronym]

Monero currency is generally anti-government. The government does not like this currency so much, because of which many people may not use Monero currency because it is very complicated to buy and sell transactions for those who will invest in this currency. If this time Bitcoin is not valid in many countries but Bitcoin is valid in many developed countries Bitcoin currency is in circulation. In all the countries where Bitcoin is not legal, the people of the country are able to do Bitcoin transactions comfortably and they have advanced in life by exchanging and investing in Bitcoin.

[Pi-network314159]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

For me security is a main feature but people over looked it and see it not that important immediately after creation. except when we lost access to it before we becomes more careful or start looking for it. But for the monero I don't really know about.

[batang_bitcoin]

Because we've got bitcoin as the main coin.

For me security is a main feature but people over looked it and see it not that important immediately after creation. except when we lost access to it before we becomes more careful or start looking for it. But for the monero I don't really know about.

Security is top priority for most of the systems including these projects. But they won't settle for the best security and what matters to most is the profitability of it. Whether we like it or not, that's how this world comes up with the idea of how good a project is and that's because on how profitable it is.

[cryptoknightt]

Do you think privacy is a major issue in the real estate sector?
I don't think so, even though crypto supports a decentralized system, privacy is not completely the main pioneer here.
If that's the case, Monero should be at the top.
but until now I have never interacted on the Monero network at all.

[dimonstration]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

For me security is a main feature but people over looked it and see it not that important immediately after creation. except when we lost access to it before we becomes more careful or start looking for it. But for the monero I don't really know about.

Monero is very secured and private. This is the reason why government doesn’t condone the use it because people can easily hide their laundering and tax evasion by just purchasing this coin since there’s no way to track it.

Monero is not popular nowadays for common people because not everyone in crypto seek privacy. The majority prioritize profit than privacy that’s why CEX is still popular over DEX even with the breach of their privacy. Monero is now delisted on some major exchange that makes it less exposed to traders and investors. Monero is not unpopular but not popular either.

[Abiky]

Because most people want to trade coins, or just buy and hold them to sell at a greater price. Privacy and technology are for enthusiasts, not for the masses. It has always been like that.

Of course. Why shouldn't they? After all, the majority only wants to get rich with the hype. I'm afraid it will continue like this for as long as crypto lives. Only a handful of people (very small minority) will continue to support truly-decentralized and private cryptocurrencies. Monero seems to be the clear winner here in regards to privacy/anonymity. Governments don't like it because of its privacy features. Between false propaganda, and exchange de-listings, XMR has suffered from low adoption since its inception.

What I like the most is Monero's resistance against ASIC hardware. Upgrades every 6 months will keep it that way forever. Since it's easy to mine with a CPU or GPU, anyone can participate in the network consensus. This means more decentralization and less inequality. Maybe XMR will outlive many of the privacy coins we know and love today?

[jwinterm]

[Hispo]

Heh. That is rather an ironic image made by the Monero community themselves to encourage people into buying Monero. Actually, Monero is one of the cryptocurrencies I have seen to have a dedicated community behind it which is willing to actively donate to the developer team and also donate for projects to further sow awareness about Monero in people interested (or not) into privacy. The silliest way I have seen them do that it has been by creating a common fund to hire artists and draw the Monero mascot/waifu "Monero-chan" in very suggestive and funny situations.

For some reason using a representation of the coin/brand in the form of an anime characters is something which is even being done by brands like Opera GX, to appeal the younger generations of internet users and fans of japanese animation.
You should look for Monero Chan, you may like the strategy Monero bros are using to make their coin well known, be advice though, some of the pictures/representations could be considered to be raunchy or even not safe for work.

[MercerAlex]

It's like Monero is the super-secret agent of cryptocurrencies - so undercover it's off most people's radar. Monero's not as easy to dive into for crypto newbies compared to the likes of Bitcoin or Ethereum, which practically everyone and their grandma knows about.

[john1010]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero isn't as popular as Bitcoin or other big cryptocurrencies for a few reasons:

Not Well Known: Many people haven't heard of Monero because it's not as widely talked about or advertised.

Privacy Concerns: Monero's focus on privacy makes some regulators worried it could be used for illegal activities. This has made it harder for Monero to be accepted by big companies or banks.

Not on All Exchanges: Some cryptocurrency exchanges don't list Monero because of its privacy features, which can make it harder for people to buy and sell.

Complex Transactions: Using Monero can be more complicated than other cryptocurrencies because of its privacy features, which might put off some users.

Competition with Established Cryptocurrencies: Bitcoin and other big cryptocurrencies have been around longer and are more widely used, making it harder for Monero to compete.

Despite these challenges, Monero still has a loyal following and is used in situations where people really care about privacy. As more people become aware of privacy issues and rules change, Monero might become more popular in the future.

[Romeotom]

In fact, bitcoin is the main currency with the highest number of investors and the highest popularity. So if you talk about the popularity of an altcoins then you must consider the reality of that project. Moreover there are many good and high ranked tokens in the crypto market but not all are popular. In fact, the development of a project will be popular and will replace the project in a different way. You are talking about Monero its really good coin all the time but maybe less users from this forum thats why its not getting the hype.

[Abu-Naim]

In fact, bitcoin is the main currency with the highest number of investors and the highest popularity. So if you talk about the popularity of an altcoins then you must consider the reality of that project. Moreover there are many good and high ranked tokens in the crypto market but not all are popular. In fact, the development of a project will be popular and will replace the project in a different way. You are talking about Monero its really good coin all the time but maybe less users from this forum thats why its not getting the hype.

Momero is a decentralized coin just like Bitcoin, but Bitcoin is the main one as it is the pioneer cryptocurrency that almost all altcoins are building up on, they are all building new projects to counter Bitcoin which is not possible because of their centralized nature.
Monroe is a good coin that have a very good privacy none will expect, people are not too familiar with it and that’s why it is good for privacy sake more than Bitcoin itself.

[jwinterm]

Heh. That is rather an ironic image made by the Monero community themselves to encourage people into buying Monero. Actually, Monero is one of the cryptocurrencies I have seen to have a dedicated community behind it which is willing to actively donate to the developer team and also donate for projects to further sow awareness about Monero in people interested (or not) into privacy. The silliest way I have seen them do that it has been by creating a common fund to hire artists and draw the Monero mascot/waifu "Monero-chan" in very suggestive and funny situations.

For some reason using a representation of the coin/brand in the form of an anime characters is something which is even being done by brands like Opera GX, to appeal the younger generations of internet users and fans of japanese animation.
You should look for Monero Chan, you may like the strategy Monero bros are using to make their coin well known, be advice though, some of the pictures/representations could be considered to be raunchy or even not safe for work.

As the founder of wownero I'm familiar with monerochan and wownerochan 😸

If you like memes and privacy check out suchwow.xyz

[Abiky]

Heh. That is rather an ironic image made by the Monero community themselves to encourage people into buying Monero. Actually, Monero is one of the cryptocurrencies I have seen to have a dedicated community behind it which is willing to actively donate to the developer team and also donate for projects to further sow awareness about Monero in people interested (or not) into privacy. The silliest way I have seen them do that it has been by creating a common fund to hire artists and draw the Monero mascot/waifu "Monero-chan" in very suggestive and funny situations.

For some reason using a representation of the coin/brand in the form of an anime characters is something which is even being done by brands like Opera GX, to appeal the younger generations of internet users and fans of japanese animation.
You should look for Monero Chan, you may like the strategy Monero bros are using to make their coin well known, be advice though, some of the pictures/representations could be considered to be raunchy or even not safe for work.

Banks, governments, and big investors may not like Monero. But that doesn't mean "it's the end of the world". The privacy coin will survive thanks to the way it was designed. Who needs centralized exchanges and the endorsement of "Wall Street", anyways? It's not about the money, but rather how Blockchain tech can make our world a better place.

If you're a true believer of crypto, use Monero. Otherwise you can choose among the plenty of centralized "shitcoins" available on the market. Even Bitcoin is becoming centralized with the spot ETFs. Hopefully, Monero will live alongside Fiat currencies for generations. Just my thoughts

[tengui]

Monero currency is generally anti-government. The government does not like this currency so much, because of which many people may not use Monero currency because it is very complicated to buy and sell transactions for those who will invest in this currency. If this time Bitcoin is not valid in many countries but Bitcoin is valid in many developed countries Bitcoin currency is in circulation. In all the countries where Bitcoin is not legal, the people of the country are able to do Bitcoin transactions comfortably and they have advanced in life by exchanging and investing in Bitcoin.

very complicated in transactions? What is the difference between MONERO transactions and other cryptocurrencies?
Despite that problem, MONERO is currently ranked 44th in CMC and has a fairly large 24-hour volume, and I think this fact shows that there are still many people making MONERO transactions. 

[wheelz1200]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero was quite big some time ago.  For me personally I found it back years ago and couldn't be bothered with trying to figure out how to use it (I was fairly new to crypto when monero came out).  The harder something is to use then the less popular it is.  Because generally speaking most people even now don't exactly know how crypto works so they stick to the "easy" coins.

[d5000]

For me personally I found it back years ago and couldn't be bothered with trying to figure out how to use it (I was fairly new to crypto when monero came out).  The harder something is to use then the less popular it is.  Because generally speaking most people even now don't exactly know how crypto works so they stick to the "easy" coins.

Maybe at that time you used Monero light wallets like Feather or Mymonero weren't out?

Above all Mymonero is not more complex to use than most other cryptocurrency wallets. At least if the only thing you want to do is to invest, hold and transfer Monero. I think it's even easier to use than most Bitcoin wallets, including light wallets like Electrum. Of course, if you want to protect your privacy and use one-time stealth addresses, then there is a small step you need to learn to do but it is really not that bad.

Nevertheless I prefer Feather because it is more trustless (you're verifying blocks yourself, but don't have to store them).

In general I think that currently the price is low because some of the short-term investors at Binance went away for obvious reasons. But there is currently a growing ecosystem of no-KYC exchanges, P2P exchanges and atomic swap platforms, so the equilibrium between supply and demand should be restored eventually. This doesn't mean that Monero will instantly return to its previous price, but I expect a slow but constant recovery.

Three days to go and Binance's influence (I don't know about market manipulation, but the delisting situation creates selling pressure itself) on XMR will be a thing of the past.

[Wildwest]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

There are many other altcoins that are more popular besides monero, now everyone is paying attention to the main coin, namely bitcoin, because monero is an altcoin so it is not very popular at the moment. Apart from Bitcoin, Monero was beaten by Ethereum, which became the main altcoin of choice for investors.
Let's take a closer look at how Monero is developing this year and it will be bullish again whether Monero will be the best choice.

[RewFrew]

Yes Monero is not so popular which it was aspected. I think Monero team are not proper active. Because they are not able to create It's usability. Starting was good i think but day by day it being unpopular. I am seeing gradually decreasing It's marketcap and volume. Today also decreased 32% volume. It is too much alarming for Monero.  
And i think we shouldn’t compare it with bitcoin. Bitcoin is mother of all coin. I Think team will be careful about Monero's unpopularity.

[fzkto]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

There are many other altcoins that are more popular besides monero, now everyone is paying attention to the main coin, namely bitcoin, because monero is an altcoin so it is not very popular at the moment. Apart from Bitcoin, Monero was beaten by Ethereum, which became the main altcoin of choice for investors.
Let's take a closer look at how Monero is developing this year and it will be bullish again whether Monero will be the best choice.

Monero has a very large community and implement a lot of things. I don't know why you say this coin is not popular, it's just that this project has a different niche. Look, they have been delisted from almost all major exchanges, but the price per coin is still high. I think this project is doing just fine. The main thing is the idea, which was originally thought up by cypherpunks.

[Hispo]

Heh. That is rather an ironic image made by the Monero community themselves to encourage people into buying Monero. Actually, Monero is one of the cryptocurrencies I have seen to have a dedicated community behind it which is willing to actively donate to the developer team and also donate for projects to further sow awareness about Monero in people interested (or not) into privacy. The silliest way I have seen them do that it has been by creating a common fund to hire artists and draw the Monero mascot/waifu "Monero-chan" in very suggestive and funny situations.

For some reason using a representation of the coin/brand in the form of an anime characters is something which is even being done by brands like Opera GX, to appeal the younger generations of internet users and fans of japanese animation.
You should look for Monero Chan, you may like the strategy Monero bros are using to make their coin well known, be advice though, some of the pictures/representations could be considered to be raunchy or even not safe for work.

Banks, governments, and big investors may not like Monero. But that doesn't mean "it's the end of the world". The privacy coin will survive thanks to the way it was designed. Who needs centralized exchanges and the endorsement of "Wall Street", anyways? It's not about the money, but rather how Blockchain tech can make our world a better place.

If you're a true believer of crypto, use Monero. Otherwise you can choose among the plenty of centralized "shitcoins" available on the market. Even Bitcoin is becoming centralized with the spot ETFs. Hopefully, Monero will live alongside Fiat currencies for generations. Just my thoughts

If the Monero community continues to be as dedicated and as committed as it has been from the beginning of the project, then I believe Monero will indeed continue to exists for a long time. It is because behing a project like this one, there is not only money being taken into consideration, it is also an experiment on Blockchain can be used to enhance and project the right of the people, in the case, the right to privacy.
Even if the price of money started to go down, it will countinue to be relevant as long as it's Blockchain does not enf up compromised for some kind of centralized attack.
While investigating about Monero, I read how it was designed not to only project privacy but also how it's mining setup or algorithm is about preventing big miners to gain access to a important concentration of hashrate in the network, making it more difficult to become vulnerable to a 51% attack in the long term.
It is a good project, anyone who is really into decentralized alternative currencies should take a look on it.

[DeathAngel]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Regulatory pressures on exchanges have destroyed any hopes of XMR ever being any more than a P2P privacy coin. It’s sad but I understand why governments hate it. Nothing is stopping us from using it, it is great at what it was designed for but its strengths are in fact what has destroyed any chances of it ever going mainstream.

[JayTrain]

With its use, I believe Monero offers high anonymity levels, but its adoption is limited due to transparency and regulatory requirements, and regulators posing barriers to mass adoption. Nonetheless, it's a crucial asset for those valuing financial transaction confidentiality. It has the potential to become a mainstream coin, but it needs to overcome these hurdles.

[Mate2237]

There are things to benefit from a cryptocurrency project and not only the name. But the price of the coin and the exchange rate in buying and selling in exchange platforms. We all know that Monero is a decentralized projects but probably people are not using it because of the price rate both in decentralized exchanges and centralized exchanges.

Yes we all know that in the cryptocurrency ecosystem space, privacy is very much important but if the project price is not favourable to the customer or the public, nobody will use it.

[Billo_]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero has a big disadvantage because it's very difficult technology and for normal people, it is very difficult to understand and send funds because Monero can't be seen if we don't own it directly? I don't know much about Monero but have created an address once and it's really difficult to understand compared to normal coins like Bitcoin and Ethereum.
For example, you can't prove a transaction really compared to normal coins like Bitcoin and Ethereum.
Because if we don't own it, we can see it like on Blockchair or Etherscan because Monero is not public.

Monero is victim of it's own privacy.
In addition, Monero is a DarkNet coin and we can suffer from crime and scam more easily because also Monero is also more difficult compared to normal coins like Bitcoin and Ethereum.
Monero is quite an exotic coin.

[d5000]

For example, you can't prove a transaction really compared to normal coins like Bitcoin and Ethereum.

You can, see How to prove you've made a payment. But maybe you mean that you can't prove "someone" made a transaction if this "someone" is not you (or doesn't provide you the tx key), and in this case you're probably correct.

However: is this enough to make it "more difficult" to use? Who would need to prove that someone made a payment, if he's neither the sender nor the receiver?
Sending and receiving coins with XMR is as easy as with all other coins (although the addresses are quite long, but that doesn't make much of a difference for me).
 

In addition, Monero is a DarkNet coin and we can suffer from crime and scam more easily because also Monero is also more difficult compared to normal coins like Bitcoin and Ethereum.

I don't see how. In general I think coins like Ethereum with all the possibilities turing-complete smart contracts provide are much more prone to scams. On Ethereum those selling you a token can even freeze it at all times and you won't be able to sell or use it anymore. You can of course check the Solidity code, but how many people do that?

[Billo_]

For example, you can't prove a transaction really compared to normal coins like Bitcoin and Ethereum.

You can, see How to prove you've made a payment. But maybe you mean that you can't prove "someone" made a transaction if this "someone" is not you (or doesn't provide you the tx key), and in this case you're probably correct.

However: is this enough to make it "more difficult" to use? Who would need to prove that someone made a payment, if he's neither the sender nor the receiver?
Sending and receiving coins with XMR is as easy as with all other coins (although the addresses are quite long, but that doesn't make much of a difference for me).
 

In addition, Monero is a DarkNet coin and we can suffer from crime and scam more easily because also Monero is also more difficult compared to normal coins like Bitcoin and Ethereum.

I don't see how. In general I think coins like Ethereum with all the possibilities turing-complete smart contracts provide are much more prone to scams. On Ethereum those selling you a token can even freeze it at all times and you won't be able to sell or use it anymore. You can of course check the Solidity code, but how many people do that?

I don't know really much about Monero.
Very early, I tried to collect some Monero Coins for free from a faucet, where I have created a Monero address but it did not work and I did no additional research after it.
It just seemed way to difficult for when I tried to find out.

And it turned out sticking to Bitcoin was more profitable because when I've tried to collect Monero coins, a Monero Coin was at 120 USD and a Bitcoin was at 10k USD and today, a Monero Coin is still at 120 USD but a Bitcoin is at 50k USD.

[Abiky]

Regulatory pressures on exchanges have destroyed any hopes of XMR ever being any more than a P2P privacy coin. It’s sad but I understand why governments hate it. Nothing is stopping us from using it, it is great at what it was designed for but its strengths are in fact what has destroyed any chances of it ever going mainstream.

Exactly. Which tells us XMR is more suitable as a currency (digital cash) than a long-term investment (store of value). Only true believers of privacy and freedom will use Monero regardless of ever-growing government opposition. I wouldn't be surprised if mainstream governments go as far as "banning" XMR from public use. If the US proposed "banning" encryption, anything's possible.

Thank goodness Monero is decentralized and open source. Otherwise, government measures would've destroyed it already. As long as people have a choice, nothing else matters.

[nullama]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

One of the things that I've noticed about Monero is that it has been removed from a lot of big exchanges.

My guess is that some people want to have certainty that they will be able to go to any mainstream exchange in the future and exchange their crypto for other type of money.

Having Monero out of the big exchanges will probably not incentivize some of the big players, therefore reducing the potential price.

[btc78]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Unfortunately its strengths have led to its downfall in the hopes of becoming a main coin.

It is to exceptional that it does its job too well. Some people might grow confused. If it is that good then why is it not as popular as other main coins? Cryptocurrency in general already is seen in a bad light by some governments and other people who might not be as knowledgeable regarding crypto. They have misconceptions such as cryptocurrency is a scam or that it is mainly used by criminals.

Which  leads us to privacy coins. Some cryptocurrencies are decentralized in nature hence there is already some sense of security regarding our identity but privacy coins are unique in a way that they were made solely to protect the identity of its users. It has enhanced other features other cryptocurrencies may have making it popular among those who value their anonymity so much.

A lot of governments see this as alarming as these privacy coins can be used for criminal activities. This is why its exposure is only limited.

[Abiky]

One of the things that I've noticed about Monero is that it has been removed from a lot of big exchanges.

My guess is that some people want to have certainty that they will be able to go to any mainstream exchange in the future and exchange their crypto for other type of money.

Having Monero out of the big exchanges will probably not incentivize some of the big players, therefore reducing the potential price.

Without the support from big exchanges, XMR won't be "pumping" anytime soon. On the bright side, this will force the project to focus more on utility than hype. Why do you think "shitcoins" like Solana and BONK are "pumping" like crazy? It's all because of the hype.

For true believers of crypto/Blockchain tech (and freedom + privacy), Monero is the best choice. I think it's even better than Bitcoin. If all CEXs decide to de-list XMR, people can still trade it across DEXs and P2P exchanges. No one will be able to stop XMR as long as it remains decentralized and censorship-resistant. Hopefully, it will outlast many of the overhyped coins in the future.

[jwinterm]

[Volimack]

Investors feel that there are better coins than Monero that don't generate any hype and hold a good position in the market so they leave Monero out of their favor. Bitcoin is the main currency of everyone's first choice in crypto and not everyone chooses BNB and
Eth among the altcoins. The quality of these projects is very good and gives high returns.

[jwinterm]

Investors feel that there are better coins than Monero that don't generate any hype and hold a good position in the market so they leave Monero out of their favor. Bitcoin is the main currency of everyone's first choice in crypto and not everyone chooses BNB and
Eth among the altcoins. The quality of these projects is very good and gives high returns.

BNB is a scam and CZ is going to prison. Fuck your investment.

[deathcode]

Investors feel that there are better coins than Monero that don't generate any hype and hold a good position in the market so they leave Monero out of their favor. Bitcoin is the main currency of everyone's first choice in crypto and not everyone chooses BNB and
Eth among the altcoins. The quality of these projects is very good and gives high returns.

BNB is a scam and CZ is going to prison. Fuck your investment.

BNB may still be fine at the moment. but looking at the case that is currently happening to CZ. I think currently BNB is only supported by a community that is already too big and also their exchange.
Maybe it's just a matter of time until Binance finally collapses. and that will impact BNB. now we can see how easy it is for Binance to announce coins that will be listed on the exchange. unlike before when the coin was listed on binance, it is very influential.

regarding monero, they are not unpopular. not many media focus on them. looking at Monero's capitalization in the market and also the trading volume in the market, it's not bad.

[jrrsparkles]

Because its completely anonymous and tracing the trails is close to impossible while bitcoin and other cryptos were decentralized but only pseudonymous which is the major difference privacy coins and decentralized coins so government used this fact to dethrone the Monero from the regulated trading platforms which crumbled the community support of Monero and most other privacy coins.

[jwinterm]

Because its completely anonymous and tracing the trails is close to impossible while bitcoin and other cryptos were decentralized but only pseudonymous which is the major difference privacy coins and decentralized coins so government used this fact to dethrone the Monero from the regulated trading platforms which crumbled the community support of Monero and most other privacy coins.

Nothing has crumbled you eloncoin shill lol

[Belarge]

Because its completely anonymous and tracing the trails is close to impossible while bitcoin and other cryptos were decentralized but only pseudonymous which is the major difference privacy coins and decentralized coins so government used this fact to dethrone the Monero from the regulated trading platforms which crumbled the community support of Monero and most other privacy coins.

The crypto projects are mainly for the top whales because they're the ones that manipulate, dominate and control the market, these investors are closely on becoming a very tough projects. There's certainly no measures in what they've accomplished in the system. The vast number of these projects always end up failing their investors due to the high volatility in the space. I've closely watch how these projects end up not succeeding, but taking a prospect look from these projects ends, Moreno not popular due to their community, they failed to grow in numbers and the activities remained dormant.

[jrrsparkles]

Because its completely anonymous and tracing the trails is close to impossible while bitcoin and other cryptos were decentralized but only pseudonymous which is the major difference privacy coins and decentralized coins so government used this fact to dethrone the Monero from the regulated trading platforms which crumbled the community support of Monero and most other privacy coins.

The crypto projects are mainly for the top whales because they're the ones that manipulate, dominate and control the market, these investors are closely on becoming a very tough projects. There's certainly no measures in what they've accomplished in the system. The vast number of these projects always end up failing their investors due to the high volatility in the space. I've closely watch how these projects end up not succeeding, but taking a prospect look from these projects ends, Moreno not popular due to their community, they failed to grow in numbers and the activities remained dormant.

Monero faced issues one after another, in 2020 when their official website was hacked which points raised a question about how good their security measures are which can't even safe guard their official site then how can they trust people with their money and years after the government started restricting the privacy projects and forced exchanges to delist them after bringing heavy AML procedures which all drive monero the most popular of all privacy coins to go downhill but I still consider monero is being used but not for the trading purposes anymore like they used to be.

[MercerAlex]

Yeah, Monero can be tricky because it prioritizes privacy a lot more than coins like Bitcoin and Ethereum. This makes it harder to use and understand for many people. The fact that you can't easily verify transactions like you can with other cryptocurrencies adds to the complexity. And you're right, its association with the DarkNet and increased privacy does raise concerns about scams and criminal activities. It's definitely not as user-friendly for those new to crypto. But its strong privacy features are also why some people prefer it. It's all about what you value more: transparency or privacy.

[jwinterm]

It's weird how chatgpt bot account eloncoin shills hate privacy and think that people should be surveilled on by default. Monero has a strong community that is putting on at least two conferences this year:

https://monerokon.org/

https://monerotopia.com/

Contrary to what the comment farming shill bots would have you believe, there's a large contingent of people that actually believe in the ideals laid out here:
https://www.activism.net/cypherpunk/manifesto.html

We the Cypherpunks are dedicated to building anonymous systems. We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money.

Cypherpunks write code. We know that someone has to write software to defend privacy, and since we can't get privacy unless we all do, we're going to write it. We publish our code so that our fellow Cypherpunks may practice and play with it. Our code is free for all to use, worldwide. We don't much care if you don't approve of the software we write. We know that software can't be destroyed and that a widely dispersed system can't be shut down.

[Abiky]

Yeah, Monero can be tricky because it prioritizes privacy a lot more than coins like Bitcoin and Ethereum. This makes it harder to use and understand for many people. The fact that you can't easily verify transactions like you can with other cryptocurrencies adds to the complexity. And you're right, its association with the DarkNet and increased privacy does raise concerns about scams and criminal activities. It's definitely not as user-friendly for those new to crypto. But its strong privacy features are also why some people prefer it. It's all about what you value more: transparency or privacy.

The steep learning curve and limited number of exchanges, makes Monero an unappealing investment to crypto newcomers. I guess that's why Monero has been struggling with low mainstream adoption. At least, it's a useful privacy coin for those who want to hide their sensitive financial info from governments and/or third-parties. If Monero stays decentralized, it could last a lifetime.

What crypto project needs the approval of mainstream governments and VCs to survive, anyways? Only those that are full of hype need them. Bitcoin was designed to be free from the middleman. And that's exactly what Monero is doing. By using it, you will gain true financial freedom and privacy. We need more privacy-oriented crypto projects for the good of the industry. Who knows what surprises we'll find in the future?

[AnonBitCoiner]

No other coin instead of bitcoin can become main coin although they can become beneficial coins if there activity remain same successful as they were from the beginning. Monera cannot be consider as the main coin that most of the exchanges has removed it and also its value is not so good that it can be consider as a main coin.

People thinks about privacy but there are also some other qualities which are consider essential for selection of coin. There are some more profitable altcoins which are more successful and more secure than monero so it is obvious that people will first prefer most successful coin

[jwinterm]

No other coin instead of bitcoin can become main coin although they can become beneficial coins if there activity remain same successful as they were from the beginning. Monera cannot be consider as the main coin that most of the exchanges has removed it and also its value is not so good that it can be consider as a main coin.

People thinks about privacy but there are also some other qualities which are consider essential for selection of coin. There are some more profitable altcoins which are more successful and more secure than monero so it is obvious that people will first prefer most successful coin

ur regarded, or some chatgpt spam, or both

Monero is the main coin for darknet markets now. It is also the main coin for many people who care about privacy. Sure, there are VC funded ETH-killers ahead of XMR, but the only proof of work coins at this point are LTC, DOGE, BCH, and maybe KASPA (which is an instamine Bitmain scam pump and dump currently being pumped). Monero hosts multiple conferences per year and has the largest amount of contributors and the largest community outside of BTC and ETH probably.

[Abiky]

ur regarded, or some chatgpt spam, or both

Monero is the main coin for darknet markets now. It is also the main coin for many people who care about privacy. Sure, there are VC funded ETH-killers ahead of XMR, but the only proof of work coins at this point are LTC, DOGE, BCH, and maybe KASPA (which is an instamine Bitmain scam pump and dump currently being pumped). Monero hosts multiple conferences per year and has the largest amount of contributors and the largest community outside of BTC and ETH probably.

I think XMR will remain the only privacy coin in the market, as others fade away into oblivion due to fierce regulatory pressure from mainstream governments. Not to mention, PoW coins are on the brink of extinction. Coins like ZEC, DASH, and even GRIN are suffering dearly with an ever-diminishing userbase (community). The exchange de-listings will only make matters worse in the long run.

While XMR is not immune to de-listings, it will survive because of the ever-growing community backing it every step of the way. Development is still on-going despite the series of unfortunate events. We can blame governments for the decreased interest in privacy coins. Who knows what lies ahead in the future?

[Bushdark]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

One of the things that I've noticed about Monero is that it has been removed from a lot of big exchanges.

My guess is that some people want to have certainty that they will be able to go to any mainstream exchange in the future and exchange their crypto for other type of money.

Having Monero out of the big exchanges will probably not incentivize some of the big players, therefore reducing the potential price.

One of the Marin why exchanges keep removing cryptocurrency projects from there platforms is because of liquidity.
There are project that. An cause exchanges to lose money if they eventually crash out due to low liquidity or no liquidity at all.
Liquidity is what keep projects going making it to be volatile and having the ability to make investors make or lose money at the same time. Any project that has been noticed that it has not even been doing well could easily be removed.

[Tomcolor]

I think this is the weakness of the community because a project only reaches everyone when investors are called with their different rationales. As at this moment if they conduct an airdrop many people will know about it. But you should know that the investment of this token is very spread but it is stable level only till the period of hype. Now there are some good tokens that have secrets because of which many investors don't see it but when someone directly researches to buy good tokens they will buy these tokens.

[jwinterm]

I think this is the weakness of the community because a project only reaches everyone when investors are called with their different rationales. As at this moment if they conduct an airdrop many people will know about it. But you should know that the investment of this token is very spread but it is stable level only till the period of hype. Now there are some good tokens that have secrets because of which many investors don't see it but when someone directly researches to buy good tokens they will buy these tokens.

This is some awful chatgpt bullshit and this user should be banned lol

[Miles2006]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Not all investors will value the term privacy when dealing with crypto as the purpose of creating monero is to promote anonymity, investors still go for coins with higher profit and zero privacy as seen in most cases, Monero is also preferable by most people who value their privacy. I think the choice depends on every investor and this is not just a forceful opinion to hold Monero but rather it has to do choice, I still think the reason why most people don't value Monero is due to the private nature.

[Troytech]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

I dont think monero is so unpopular than it shoukd be, monero is still very early as an altcoin and it offers a superb privacy that even bitcoin couldn't give, monero would olny be of interest to those that needs its service in a way or two and that should be amongst people that already know about crypto in a way or two, so expecting to hear about monero from new users or peole ealry in crypto or on major crypto news would not be a realistic thing, and besides most new investors come in because of wanging to make profits and right now monero is not that coin and shouldn't be cause if it enters the spot light and government gains attention to it, could lead to its downfall like the silk road market place that offers quite the anonymity like monero.

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Not all investors will value the term privacy when dealing with crypto as the purpose of creating monero is to promote anonymity, investors still go for coins with higher profit and zero privacy as seen in most cases, Monero is also preferable by most people who value their privacy. I think the choice depends on every investor and this is not just a forceful opinion to hold Monero but rather it has to do choice, I still think the reason why most people don't value Monero is due to the private nature.

You have well explained it even better than i did, its not as tho monero is unpopular but not every one is interested in privacy and even if in the crypto world privacy seems to be one of the things that they ought to achieve people are not just interested in that right now, at least not those that are more interested in gain than any other thing, so yeah a lot of people mightvknow and use monero but they use it for the purpose that it was created privacy.

[devil-soul]

Monero is an excellent altcoin that prefers privacy but is not well regarded because it is mistakenly thought that it is associated with illegal activities such as trading currency on the dark web, instead it is used by all those for whom privacy has a high value and they consider it a fundamental principle

[Abiky]

Not all investors will value the term privacy when dealing with crypto as the purpose of creating monero is to promote anonymity, investors still go for coins with higher profit and zero privacy as seen in most cases, Monero is also preferable by most people who value their privacy. I think the choice depends on every investor and this is not just a forceful opinion to hold Monero but rather it has to do choice, I still think the reason why most people don't value Monero is due to the private nature.

Of course. Investors wouldn't want to buy something that isn't regulatory-compliant. They want something that's seen with good eyes by the government to ensure their investment lasts a long time. I'd say governments have successfully destroyed privacy coins' reputation by labeling them as tools used for criminal activities (money laundering, tax evasion, terrorist financing). The public is now skeptical of getting into something that's used by wrongdoers. We all know that's not really the case, especially when Fiat is still the #1 tool for criminals (due to its ease of use and greater accessibility). But the harm is already done, with Monero and similar coins losing popularity each day.

It's likely all CEXs will cease trading of privacy coins (XMR included) in the future. Fortunately, people can use alternative methods to continue buying/selling privacy coins. You can thank their decentralized and censorship-resistant design for that. Considering that Monero is the biggest and most successful privacy coin in the world, I'm certain it will survive for generations. No matter the price of XMR, we should be thankful for having a means to achieve privacy and financial freedom. Who needs "Wall Street", anyways?

[jwinterm]

This should be coming to mainnet within the next few months I believe:
https://serai.exchange/

Serai is a new DEX, built from the ground up, initially planning on listing Bitcoin, Ethereum, DAI, and Monero, offering a liquidity-pool-based trading experience. Funds are stored in an economically secured threshold-multisig wallet.

Also, haveno is supposed to finally go live in a week or so I think:
https://haveno.exchange/

Haveno will be a non-custodial, decentralized exchange for crypto and fiat currencies built on Tor and Monero.

It's a fork of bisq that uses XMR as the base pair.

[Sophokles]

Monero is an excellent altcoin that prefers privacy but is not well regarded because it is mistakenly thought that it is associated with illegal activities such as trading currency on the dark web, instead it is used by all those for whom privacy has a high value and they consider it a fundamental principle

That is not a mistake about monero. Hackers use it to collect ransome from their victime because of its privacy. Monero has a large community and there are a lot of users that using monero. The only reason i am seeing monero is not used by whales is due to its regulatory uncertainty. We don't know yet how the government is going to regulate monero and there are even rumors that they are going to ban it.

[noqqx265]

Privacy coins like Monero are easy to be used for money laundering, and there are indeed regulatory risks, which may have performed well in the previous bull runs, but for the current cryptocurrency market, compliance comes first.

[Abiky]

Privacy coins like Monero are easy to be used for money laundering, and there are indeed regulatory risks, which may have performed well in the previous bull runs, but for the current cryptocurrency market, compliance comes first.

With constant exchange de-listings and volatile market prices, I doubt criminals would want to use XMR for money laundering and tax evasion. They're better off with traditional Fiat. If there's something we could blame for Monero's unpopularity, that would be the government. It has spread false propaganda, making people believe Monero is only the "criminal's coin". They're afraid of getting into it because governments will eventually tag them as a criminal. Or it would render suspicions when using it for day-to-day payments.

Now I've read there will be KYC-compliant privacy protocols and DEXs. That would totally defeat the purpose of privacy/anonymity. Wasn't it always about protecting ourselves against government surveillance? Businesses won't have any issues with KYC-compliant privacy, other than individuals themselves. At least, those who actually care about their privacy. ETH privacy protocol dubbed "Privacy Pools" is one of those KYC-compliant privacy solutions. The question is: Will Monero be able to withstand strong regulatory pressure? Or will it eventually "please" the regulators? It's an uncertain world we've living into, so expect the worst.