Monero (XMR) Was Mentioned In “The Economist”, But The Community Is Not Impressed
Monero has been recently making headlines for a lot of reasons, and the coin managed to attract more and more interest from investors.
The token comes really close to the whole concept behind Bitcoin, to Nakamoto Satoshi’s dream.
Monero could encapsulate Satoshi’s desires
Satoshi envisioned a world in which financial transactions would be anonymous and safe, and this is entirely different from what most pioneer coins such as Bitcoin, Ethereum, and Litecoin have become.
These coins are at best pseudonymous mainly because developers want to comply with regulations of existing authorities which is against Satoshi’s dream.
Monero, on the other hand, has been able to restore this kind of confidentiality in crypto. Privacy is the main feature that makes Monero unique and which has made regulators in various countries skeptical.
This is mainly because they believe that the untraceable transactions could trigger some undesirable results and practices.
Monero is mentioned in The Economist
Monero just got mentioned in the famous journal The Economist which says “These days anyone who wants to get into cryptocurrencies can weigh the relative merits of bitcoin, ether, Monero, Dash, Litecoin and thousands of others.”
Some people from the community got all hyped up, but most of them have not been impressed by the “event.”
A Redditor commented that “the economist is pretty statist frankly. It expresses Marxist views on the welfare state and its super complex jumbo of nothing.”
Someone else agreed, writing “true, it is very much a Rothschild sock puppet, but it does give glimpses into their mindset. There is also the rare article that has merit, intrigue, and assertions of actual capitalism/liberty.”
Monero’s future looks bright
According to a new report from ICO advisory and research company Satis Group, Monero seems to have a great future. The company tries to forecast what shape the crypto market will take over the next ten years.
Their analysis claims that the winner is definitely Monero which Satis predicts could be worth $18,000 within the next five years.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.