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Friday, 5 December 2025

DOES MONERO EVEN STILL WORK?

With all things relating to computer privacy we are in an awkward position that if something is widely used it won't be private, and if something is really private it will be prevented from becoming widely used. 

The crypto Monero is a good example - it was the only properly private cryptocurrency, but this year it has been made near to unusable - no exchanges will trade it, and no wallets will store it - it is still spoken of like it is the best privacy crypto, which it would be if it was usable, but it isn't.


I still have US$45 of Monero that I missed when I was selling my Monero at the start of the year. If I wanted to use it, that would not be easy, so I've written it off - It would require setting up an old wallet to even be able to see it, and any person I might send it to would need to do the same. 

No exchanges will accept Monero now so it can't easily be sold or traded. So the coin is essentially unusable, but nobody is talking about that, and it's still currently trading at US$400 seemingly unaffected by the fact that it's now a completely useless privacy coin. 


The fact that this coin is still happily trading like it's still usable and nobody is talking about this situation was the final straw that made me lose any remaining faith I had in cryptos. 

The elephant in the room is, who is trading it? and how are they trading it? If I can't trade my $45 of Monero, how are people trading millions of $ of it? Are all these trades of Monero even really happening? Why would anyone pay $400 for a privacy coin that is nearly unusable?

And that is why privacy is a really complex subject - nothing is what it seems!