I don’t see a crypto challenging Bitcoin in the first chart. Even all of them put together look to be in the minority and declining.
With its transparent public ledger, Bitcoin is the antithesis of privacy, and can’t even try and compete with opaque systems such as Monero and the fiat system. So Bitcoin being the most accepted currency on the ‘darknet’ is surprising: even where secrecy is most prized, Bitcoin is still leading. If anything, that seems to demonstrate Bitcoin’s supremacy.
Can you point me at any resources on Monero? Genuinely interested to find out more, particularly its levels of use and decentralisation.
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The long term general trend on the first chart is Bitcoin losing dominance over time with the cryptocurrency market overall. Second one shows it being displaced on specific markets like the darknet (Bitcoins first use case and the only place your can transact without permission). Wouldn't be surprised if Monero has surpassed Bitcoin in the present since that is from 2021. Most DNMs have included Monero and a few of the largest markets have gone exclusively Monero since then.
Besides the darknet, here are a few recent metrics on Monero adoption and decentralization. Nodes count and distribution are in the same ballpark as Bitcoin. Mining can be argued to be more decentralized since nearly everyone has access to a general purpose computer. It doesn't require a specialized equipment:
https://monero.fail/map
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