The 51% “attack” he is referring to is that a mining pool briefly had over 50% of the total hash rate. No attack took place, and within hours miners had moved to other pools bringing the hash rate of the 51% pool down to the mid-30s%. I’ll also mention that the power of 51% attacks is largely overstated too, especially in a privacy coin like Monero.
Even a reportedly private ‘cryptocurrency’ called ‘Grin’ had an attack which rendered the coin useless.
The only usecase of privacy coins is for illegitimate purposes only.
Also: I think you mean ‘CipherTrace‘, ‘CypherTrace’ does not exist.
Excellent trolling. I have used monero for effectively anonymous online donations to legitimate non-profit institutions. Can you think of any other great alternatives for this online? You know it's not illegal to anonymously donate to someone, yes? Most of the non-privacy coins are much more susceptible to finding a KYC exposed starting point to find where the transaction comes from.
>f there weren’t any issues why are they not being accepted by more exchanges?
Kraken, one of the biggest and longest running KYC and AML compliant exchanges trades Monero in the US. Other exchanges may have simply made a business decision not to trade Monero, but there's clearly precedent that it can be done successfully at least in the US.
[0] https://decrypt.co/40284/us-homeland-security-can-now-track-...
