Comment by rtkwe
7 days ago
Only pseudonymous so far as you never accidentally link yourself to a wallet then everyone can know your entire transfer/spending history. It gets people all the time just look at the investigations into various alt coin rug pulls or other fraud.
Irreversible is also not a good thing just ask anyone who had their NFTs stolen during that craze. If someone hacks my bank account or skims my card and transfers the money out the bank can reverse a lot of those transactions. Irreversibility wipes out decades of consumer protection advances.
> Only pseudonymous so far as you never accidentally link yourself to a wallet then everyone can know your entire transfer/spending history
See Monero
That's not enough to get people to actually use Monero though given it's got 1/10th the transaction volume of BTC and that's just counting the directly on chain transactions for BTC not those happening on the lightning network. Being off most of the exchanges also makes it difficult for most people to consider using since it's disconnected from the normal market precisely because it's impossible to do KYC to the satisfaction of regulators.