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RE: LeoThread 2025-05-13 02:48

in LeoFinance5 months ago

Part 2/8:

Cryptocurrency enthusiasts may assert that Monero serves as a "private digital cash." However, a deeper examination reveals that users primarily utilize cryptocurrencies out of convenience rather than privacy. The everyday consumer isn't motivated by ideology; they prioritize usability. Despite the benefits of anonymity that Monero offers, many potential users instead gravitate towards cryptocurrencies like Bitcoin, which can be leveraged as stable bank collateral. Monero is currently viewed by governments and institutions globally with suspicion; it faces increasing restrictions and delisting from exchanges, presenting significant barriers to those wishing to adopt it for everyday transactions.

The Practicality Conundrum