Monero (XMR): Wild Card Pick For Sound Money?
Monero (XMR) Ranks #13 on CoinMarketCap and #9 on CoinGecko. Could this privacy coin become a stronger underdog pick? My list sums up how Monero could position itself to gain serious traction.
They dump the Pro-Multi-GPU and Anti-ASIC stance. Perhaps in the future Halong Mining starts making more ASICS and cuts a deal with Monero. Then XMR moves to SHA-256 or a different ASIC algorithm forcing the mining reward down, along with transaction fees to about $0.50 on average. Perhaps the Algorithms code base is closed source so Bitmain can't make ASIC Miners for it. Or a truce is place were the mining pool is divided between a few cartels instead of Bitmain solely.
Monero keeps the Ring Signatures and doesn't sacrifice Fungiblity for Segwit and or second layers. During the Algorithm switch, XMR increases block size big time to avoid frequent hard forks.
Merchant Adoption and software development is pushed more. Monero Hardware Wallets, Credit Cards, push for Stripe and Square integration. Multi-Wallet support such as Exodus, Jaxx/Jaxx Liberty, Coinomi ect.