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An important limit of monero is its lack of scalability and store of value. Its rules to prevent ASIC keep it semi centralized. For a privacy token it may be useful for the edge cases where privacy is important, but cash isnt suitable. For swap in, it may be more practical for people to use Liquid which has a 1:1 ratio pegged in/out from sats and support for confidential transactions. Its important to consider ones needs now, and in the future and tradeoffs involved in any exchange.

dr.fred 2y ago

scalability is often repeated fud, not an issue at the moment.

monero transactions are growing much faster than bitcoin transactions.

monero is not a religion, it is always adjusted to new privacy and scalability requirements. unlike bitcoin it is a community initiative. bitcoin is increasingly becoming a big corporations initiative which can only be mined on special computers. monero can be mined on any computer, even on nitendo game consoles. that is why it is more decentralized.

liquid is also a different network. if you switch into liquid you will need an exchange which will charge you a fee. no one uses liquid at the moment.

monero is used extensively all over the world. you do not hear much about it because all transactions are private. recently a guy reported from argentina which operates a black market for pesos (the official market is criminal and corrupt charging 3x) that he could pay monero and they gave him pesos at the real market rate.

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