Why is Monero so unpopular?

[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