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What are some negatives about Monero?

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by COINS NEWS 84 Views

I could be wrong but Monero is one of the well-liked currencies of this sub (the way Polygon was till last year?) Every once in a while, there will be some problems with the public nature of the blockchain and whoosh... 'Monero fixes this'.

I've been monthly DCAing into BTC since many years, and after the crash from 69k, explored DeFi and added ETH to the DCA. Now planning to add XMR to the list. With a smaller weightage initially (have to decide how much).

As I'm long on crypto (and very long-term), I felt ETH had a few important building blocks missing in BTC (programmability, smart contracts, defi...).

Now considering adding XMR due to its main feature, which is obviously hidden and untraceable transactions. ETH could implement some optional privacy features in the future, but they're far away.

So... we rarely hear negatives or major risk factors of Monero. What are some major problems of Monero as a cryptocurrency and investment over say BTC or ETH?

submitted by /u/fap_fap_fap_fapper
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