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I was a huge believer in Monero. Maybe I still should be. I invested heavily into it years ago because most of the actual uses of cryptocurrency benefit from t
by 55555 5y ago
I was a huge believer in Monero.
Maybe I still should be. I invested heavily into it years ago because most of the actual uses of cryptocurrency benefit from the privacy advantages of Monero.
I've sold out now. The truth is that since Monero came out, it has become much, much easier to wash or launder all other coins. I think long-term this is going to hurt its value. We're going to see long-term consolidation into a few main cryptocurrencies and there will just be a button in the wallet software that swaps all your coins or washes them using some crazy cross-chain technology or something. As an example, you don't really need to hold monero to benefit from its privacy advantages. Just sell your ETH into monero, move it between a few wallets, then sell it back into ETH. This could be done automatically.
So idk, I'm less bullish on it now even though I used to be a diehard fan.