0 sats \ 1 reply \ @guts 26 Jul \ parent \ on: So what are the problems with Monero? bitcoin
You're right that adoption is crucial, but you're overlooking a few key points. Monero doesn't need to achieve Bitcoin-level adoption to be successful. It serves a specific niche: those who value financial privacy. This market may be smaller, but it's significant and growing as privacy concerns increase globally.
You mention that your circle doesn't care about privacy, but this is changing. With increasing data breaches and surveillance, privacy is becoming a mainstream concern. Look at the rise of encrypted messaging apps like Signal or SimpleX.
Lastly, the idea that one crypto will "win" is oversimplified. Different cryptocurrencies can coexist, serving different purposes, just like we have various financial instruments today.
money is a 'winner takes all'
yes there will be several, just as people speak different languages.
however the 'elites' for lack of a better word, the educated and those who will learn a common language speak english. at almost any international conference the shared language is english.
bitcoin is the closest to this goal by far... of any cryptocurrency. although there is a long way to go.
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