Monero has done well from the autistic viewpoint of technical accomplishment and crushes most of the competition at meeting the technical goals of Satoshi.
They've failed horribly at meeting the regulatory and political challenges of being tradeable on central exchanges and as a result has met weak acceptance from crypto-friendly legal vendors making it harder to use as actual digital cash.
Cider9986•31m ago
For business acceptance, I see how it would be hard if it is impossible to use on a CEX. I think that Haveno/RetoSwap will eventually become the preferred and more convenient Fiat-->Monero method instead of CEXs for the avg user.
Overall though I would even prefer to use a stable than a bank or fiat p2p app to send money.
>They've failed horribly at meeting the regulatory and political challenges of being tradeable on central exchanges and as a result has met weak acceptance from crypto-friendly legal vendors making it harder to use as actual digital cash.
Despite this, everywhere it is accepted, it becomes the largest marketshare crypto payment method, excluding whales.
Acrobatic_Road•24m ago
What are they supposed to do? How can they make governments happy without sacrificing privacy?
mothballed•21m ago
Regulatory capture would be the traditional way
loloquwowndueo•19m ago
Pardon, the “autistic” point of view?
hypeatei•15m ago
> of being tradeable on central exchanges
That's a good signal that the privacy guarantees are real, no? It's no secret that the main use-case for crypto is skirting the legal system; I'm not sure I understand this desire to make it anything bigger than that. For example, it's extremely hard to Be Your Own Bank because one mistake means you've just lost all your funds whether it's from a scam, malware, or losing your wallet seed phrase. Large amounts of people "being their own bank" by putting their life savings into crypto would be a disaster.
Cider9986•8m ago
Cash would "fail horribly at meeting the regulatory and political challenges challenges today". And some countries are trying to make it harder to use.
mothballed•2m ago
Yes but fortunately we have other points of comparison and I was making a relative analysis. Legal vendors who take crypto are more likely to accept even the lower market cap LTC in most cases than XMR. XMR is one of the weakest performers as spending cash on legal goods and service amongst crypto assets of similar financial "weight class."
The technical superiority and features on many points seem to be unable to overcome this.
Cider9986•1h ago
FCMP++ upgrade will be huge for sender privacy bringing Monero's technical strength in line with ZCash.
The new site[1] looks great as well; it was funded by the CCS.
[1] https://getmonero-redesign-impl.vercel.app/
mothballed•51m ago
They've failed horribly at meeting the regulatory and political challenges of being tradeable on central exchanges and as a result has met weak acceptance from crypto-friendly legal vendors making it harder to use as actual digital cash.
Cider9986•31m ago
Overall though I would even prefer to use a stable than a bank or fiat p2p app to send money.
>They've failed horribly at meeting the regulatory and political challenges of being tradeable on central exchanges and as a result has met weak acceptance from crypto-friendly legal vendors making it harder to use as actual digital cash.
Despite this, everywhere it is accepted, it becomes the largest marketshare crypto payment method, excluding whales.
Acrobatic_Road•24m ago
mothballed•21m ago
loloquwowndueo•19m ago
hypeatei•15m ago
That's a good signal that the privacy guarantees are real, no? It's no secret that the main use-case for crypto is skirting the legal system; I'm not sure I understand this desire to make it anything bigger than that. For example, it's extremely hard to Be Your Own Bank because one mistake means you've just lost all your funds whether it's from a scam, malware, or losing your wallet seed phrase. Large amounts of people "being their own bank" by putting their life savings into crypto would be a disaster.
Cider9986•8m ago
mothballed•2m ago
The technical superiority and features on many points seem to be unable to overcome this.