It's a competent vessel for executing transactions, but there are virtually no places you can use it. I think most Monero transactions are between leet Monero aficionados. And it's popular on the dark web marketplaces. I don't really see any value in accumulating XMR. If you're buying something with Monero, just convert some bitcoin to the amount you need. Otherwise, I don't see a lot of value in the currency.
Discussion
Ah I see.
thats a lot of aficionados
Is it? The term "a lot" is totally subjective and relative. I would say 43k transactions per day in the broader context, especially considering that it's the entire blockchain, is not a lot. Monero definitely has a committed user base, but I just don't see it going anywhere.
Could it also just be the same people “zap washing?”
It certainly could be. The problem with all-inclusive metrics like this is that you can't account for any particular type of transaction, or how a particular type of transaction in the aggregate could impact the whole, and thus the perception based on the whole. It means metrics like this aren't actually useful even if they act as ammunition for making a particular point.
particularly true with XMR perhaps since txs are fungible and the only metric is total txs
as you say, its relative.
and unlike Bitcoin, it just needs to work.
it doesn't need to "go anywhere"
