Why is Monero a terrible investment despite it's usefulness? I think the idea of privacy when it comes to money gives it a lot of power. This coin has the power to snuff out taxes through money laundering and could keep all purchases secret.
YET
No one invests in it (or at least compared to other cryptos). Is there something fundamentally retarded about it? Why does a shit coin like BAT have more potential despite no one using it. This is a serious post and not just some shitty shill posts btw.
monero has a hidden inflation exploit and the exploiter is crabbing it so you don't notice
yeah, and turtlecoin's wallet has a keylogger in it
could be. That's something I feel like devs would figure out but I guess it's a possibility as to why it is crab coin
still better than XRP
a coin to make has to be
auditable
private
PoW
able to keep low fees for transactions (ie bigger blocks or more blocks)
bonus insta pay
you know which coin that is
it is not monero and it is not dash
REEEEE
Proof?
Of course I know. It's dogecoin.
doge has meme powers
but it is not private
I'd say that institutional investors won't be interested in it. It's ONLY retail & just the dodgy ones. Also no need to hodl, just change BTC into XMR.
You probably are referring to zcash but nobody actually uses it, but they do use btc/xmr/ltc
zcash is not private it is jewish
I assume you're talking about Verge then. It's not traded as much so I feel like it's easier to track.
only bad thing i heard is it has unlimited supply
There's also the increased threat of government interference. Say somewhere like China has their isps block users who they detect are connected to monero, the whole country would move away from the platform.
>Verge
Dunno he doesn't sound like a tard
that may be a good theory as to why it doesn't every spike. The unlimited supply is perfect for large transactions (le decentralized bank)
verge is a fork of what
and who's code are they stealing
You can still audit the XMR blockchain, it's just impossibly difficult to know who is sending xmr to who, but it all adds up in each block. They have found residual exploits left over from the BCN code, but why would the devs undermine the value of their own coin like that? Especially one with a 1bn MC? Not to mention XMR probably has some of the most talented cryptographers and crypto-devs working on it.
>Tech fags explain
>price related question
BASED RETARD
JUST SPOONFEED ME YOUR OPINION I DIDNT COME HERE FOR FUCKING RIDDLES
ZCOIN
you wanna make it buy low faggot
>No one invests in it
legit money doesn't want to buy pedobags
Fluffy Pony (lead dev of Monero) stated he wants XMR to actually be used as a currency, not just another HODDLDLDLDLDL scheme. XMR is probably the closest thing we have to an actual cryptocurrency right now.
I just have a business brain. I see numbers, I invest. Numbers aren't adding up so I was hoping some crypto programmer could say something snarky like
>are you kidding me bro? it's friggin stolen code! It's vulnerable!
Why price sucks? A simple explanation:
You want to buy drugs/vpn/kiddie porn/whatever.
You buy monero and right after you get it, you pay for whatever you want.
Merchants dumps monero for another coin which then dumps for fiat.
Nobody holds.
The end.
Doge I thought....I was dark doge at some point
no there is an inflation exploit
Luckily a lot of DN markets don't allow the exchange of CP, but I agree it's definitely a problem, well, unless your Vitalik.
not true. Imagine a business that only accepts monero. The transactions would not be tracked so they could fudge numbers and pay less in taxes. Audits would be very difficult.
Explain.
you know it's a "joke"
next bitcoin upgrade will make privacy coins more or less obsolete. and it's coming soon. google schnorr signatures and taproot update