Re:Ask HN: Why are privacy coins like Monero not seeing wide...
by yucky on Tuesday July 26, 2022 @02:40PM
(#32242171)
Strong disagree. There are two reasons.
1 - A tiny percentage of crypto holders regularly use crypto as a currency, most people just use it as a store of wealth (ie digital gold) or a way to speculate/gamble.
2 - You can't buy it on Coinbase, because the US government can't track its usage so Coinbase would lose their regulatory advantage if they allowed it on their exchange.
So that means it's more difficult for the average person to acquire, and at this point most people are using crypto more like stocks than currency so they'll just speculate on something that's easier to get their hands on.
1 - A tiny percentage of crypto holders regularly use crypto as a currency, most people just use it as a store of wealth (ie digital gold) or a way to speculate/gamble.
2 - You can't buy it on Coinbase, because the US government can't track its usage so Coinbase would lose their regulatory advantage if they allowed it on their exchange.
So that means it's more difficult for the average person to acquire, and at this point most people are using crypto more like stocks than currency so they'll just speculate on something that's easier to get their hands on.