This is an automated archive made by the Lemmit Bot.

The original was posted on /r/monero by /u/MoneroFox on 2024-10-03 15:49:37+00:00.

1. Blockchain analysis companies (like Chainalysis)

It is almost impossible track Monero transactions or extract something useful from Monero blockchain. Analysis does not give clear answers to the asked questions. If Monero (an its ideas) fully succeeds, then these companies can close their business - because no one will pay for their (incomplete) services.

2. ASIC manufacturers and miners

RandomX confirms, that it is powerful idea. If this idea succeeds, what will ASIC miners do with all that useless hardware? Every ordinary person with computer can mine Monero. Specialized mines and factories can be closed.

3. State institutions (tax offices, police, ...)

It is difficult to track (or control) Monero movements (... so easier tax avoidance, hiding property from seizure, DNM usability, ... ). In contrast - transparent blockchains (like BTC) are fine - everything is obvious and clear

4. Crypto market manipulators

Now they can see how many wallets there are and how long they are holding their transparent coins. Also they can see where people are sending (holding) their coins (wallets, exchanges, defi ...). They see what miners are doing with their fresh coins. They can react fast, when Satoshi is sending his Bitcoins to an exchange. How will they control the market, when Monero succeeds and how will they earn their money without these information?

5. Crypto fans of transparent coins (like BTC)

For the usual reasons and ... "Decent person has nothing to hide."

6. ... ?

Exchanges, on the other hand, are in love with Monero (see my recent post).