Monero is the only cryptocurrency that is fulfilling its original promise (basically digital cash, untraceable) and that is being banned left and right by exchanges these days. ETH is more of the old power balance with slightly new players without all the previous regulations (i.e. scams everywhere).
> the only cryptocurrency that is fulfilling its original promise
What was the original promise again? I don't see original Bitcoin whitepaper mentioning traceability or untraceability. There is a chapter about privacy features and no sane person would see a promise of untraceability in that chapter.
It seems that shills and spin doctors pumping their own crypto coins twist the history to their needs.
It's not how it was spelled out in the Bitcoin whitepaper, but how it was sold to the public - privacy was among the biggest draws initially if you remember.
It is really a canandrum IMO. Being untreceable like cash has advantages, for sure. But humans will always need to interact with each other, and some interactions rely on certain levels of trust.
A small part of the reasons our society is safer, in comparison with a hundred years ago, is that wealth is held by large institutions and cannot be stolen (as oposed to storing gold and jewlery at home). Thus making personal violent crimes slightly less lucrative.
Trust in banks and government arguably yeilded some benefits as a tradeoff for privacy. Monero might be too far for many people. In some ways the value not migrating from Bitcoin to Monero proves it to some extent. The institutions refusing to make the transition proves distrust in their system, also to some extent.
and programmatically "generable" is a recipe for disaster (i.e. most of the exploited machines nowadays run a monero miner, when they once ran a spambot)
