Monero is nonsense. Here's why:

In most real world payments that go to companies, your blockchain's privacy doesn't matter. Why's that? Because if you buy something from Amazon you have to provide your shipping address. If you pay your insurance, it's attached to your social, license, car, etc.

In p2p transactions, let's review its privacy through the lens of what's happening in the real world:

Judgment:

If its good enough for the criminals who require the most privacy, why isn't it good enough for you?

We have a layered network with L1/L2 now. Very powerful for privacy, and the Taproot upgrades are still mostly missing, but coming. Many CEX's have not integrated LN because its privacy is too good for their AML rules and blockchain forensics.

Also, when a circular economy grows, where enough goods and services are priced in bitcoin, exchanges become less necessary, and it's exchanges that are the vector blockchain forensics lever.

Also, as the usage of bitcoin increases globally, the data set increases exponentially, making privacy even better.

You see, with bitcoin we're trying to separate money from state. Very ambitious. That means the money isn't just for you and I, but for governments and businesses. Money that economies hedge in. Anonymity doesn't allow this. And if we're all sitting around broadcasting transactions in the dark, it means the money failed to ever achieve the separation of money from state, and we're still hiding.

Don't allow the Monero shills to tell you their anonymity is the key to anything but a low-volume protocol with a chart telling the sad story of a coin that in the most recent bull market couldn't even eclipse its previous high. That's a very bad sign.

It's been around since 2013! LOL. Failed to establish itself in any relevant way in the real world as the defacto currency of the private conscious entrepreneur. It's utter bullshit. And since it's been dropped by almost every exchange, it literally relies on bitcoin for its liquidity via atomic swaps and DEX's.

Lastly, their block subsidy ended so they rolled out a polite sounding scheme called "emissions", where they've removed the fixed coin limit to pay the security budget for mining.

I wouldn't accept Monero as payment for anything. Do you know anybody that saves money in Monero? That accepts it as payment? That has a Monero wallet app on their iPhone? Do you know any major application like CashApp or PayPal that has it? Do you know of any publicly listed Monero miners? Any Monero miners making industrial attachments to energy grids? Any companies like Intel producing mining chips, or companies like Exxon capping gas flares with bitcoin mining rigs? Look around. DON'T OVERTHINK. What do you see?

Leave the Monero bullshit to faux freedom fighters, people who think they missed out on bitcoin, or people who think they've found the next bitcoin. It's an illiquid shitcoin that's difficult to offload. So link this reply to any Monero shill trying to drum up interest with "fungibility" arguments.

You don't need it.

Monero had no pre mine, it's proof of work, and it does have strong privacy protection. IMO it's biggest problem is that it will inevitably be centralized. Block chain size is already huge, and quickly getting beyond the ability of an average user to affordably run a node. If it survives into the future, the network will be controlled by large, centralized nodes. Also, unlimited supply.

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