Monero’s strong privacy guarantees by default — ensure that outputs cannot be distinguished from each other. Monero provides fungibility and true censorship resistance, two of the core pillars of sound money.

Monero fulfills the cypherpunk vision of freedom and privacy-preserving digital cash.

Community Reaction:  People like to say that Monero’s biggest weakness is that supply can’t be audited. How should I reply to such folks?

Is XMR listed on any DEX? Bisq

How is privacy kept when transitioning to fiat and transferee to bank accounts?  It makes it more difficult to trace after withdrawal.

If only people understood how powerful Monero is and how important it will become in the future.

Monero is a decentralized, private cryptocurrency. There’s absolutely no way to prevent anyone from using Monero in noncustodial wallets. Period. Devs have spent over 7 years building the most private and decentralized money in existence. Monero is best prepared for anything.

Is there any chance Monero hits $1,000.00 by the end of year?

What’s the best Monero wallet out there? A biased answer will be Cake Wallet.

I’m a huge fan of Monero, but why do you say that it’s the most decentralized money in existence? Because XMR is the king of privacy.

XMR is the new standard Russia buying the dip.  No limit on privacy coins.  Russian rubles going into all privacy coins.

Awful timing considering the fears that the Russian government will use crypto to evade sanctions. You prove them right.

However, clarity on the widespread opinion: “You can’t audit the Monero supply.” Is as follows:

“This is probably the most common point of FUD brought against Monero, and is caused by the complexity and nuance involved in understanding how supply audits work in cryptocurrencies.

Monero’s supply can be easily audited by anyone running a Monero node, but this process does rely on the soundness of the monerod software implementation and the validity of cryptography used in range-proofs.”

There are lot of resources that investors can use to come to their own well-informed conclusions to further dispel some of the common myths and FUD surrounding Monero.

There is no denying that Monero is, in fact, the most scalable cryptocurrency when used privately, and even when compared with default, transparent Bitcoin usage, the transactions are only ~3-4x the size of Bitcoin transactions.

The Monero community, researchers, and developers are working hard to improve the efficiency of Monero in a way bringing transactions down from ~13kb when RingCT was first introduced to ~1.4kb today.