Part 6/7:
However, Jimbo also warns users of the responsibility that comes with owning Monero. Unlike traditional banking systems, where deposits can be insured or reversed, Monero transactions are irreversible, placing the onus on the user to secure their assets. This may increase the risks associated with its usage, particularly regarding theft or loss.
He further outlines that while Monero holds potential drawbacks, it stands out as an appealing asset due to its limited supply, with most of its coins already mined. This scarcity aligns with the rising demand for private and secure payment options, solidifying its relevance in today’s financial landscape.