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RE: Steem Vs. Monero: A Comparative Guide
Personally I wouldn't make this comparison between XMR and STEEM as one is a privacy coin and the other is a blockchain-based social media platform. I think Steem(it) is unique in certain ways, whereas Monero is mainly known as the most popular anonymous cryptocurrency. Long-term I think Zcash (that you previously mentioned) as well as smaller projects such as ZenCash and DeepOnion have more promising advancements in transaction privacy than XMR.
Monero is 1 thing and Steem is another, there is no room for comparison if you ask me. When it comes to smaller projects, I completely agree with the others here. People should not concentrate only on current dominants in the crypto world, but future ones. I see that some of you mentioned DeepOnion and I second your opinion. XSH is another great project too =)
Spot on, in order not to be repetitive and post what you have just said I share this opinion. Smaller projects seem to be much more focused recently and seem to deliver much more instead of big projects that seem to started. I'm not sure if you've heard of announced Monero hard fork, it seems to be backing off a lot of people. I'm still careful about further investments, but I'm very tempted to get few additional bags of DeepOnion with all development going on & to be released in next few weeks, as well as Shield coin (looking forward on MNs for this one) in the next few weeks. I am fond of Zcash but I tend to skip $xxx and up coins for time being. ;)
I agree, I personally can't find many similarities between Monero and STEEM either. Monero's privacy features are what appeals to me in a cryptocurrency, just like with other privacy coins. I'm waiting to see how new coins like DeepOnion will bring innovations to the field of anonymous cryptocurrencies and elevate it, as Monero was one of the trailblazers.
Yes, I don't think they are very comparable either except for the fact that they are both cryptocurrencies. I like both projects but I think that in terms of profit other currencies (like the ones you mentioned) could give better results.
I would strongly argue against the concept of "privacy coin"
Why would you argue against privacy coin?
As you say, I don't see any reason to compare Monero and Steem to be honest. They are two very different projects, quite succesful and leaders in their respective categories. It would be more interesting to make comparisons in the same categories, for instance Steem / Lunyr / Synereo / Primas in the content publishing and monetization category, Monero / BTCP / DeepOnion / Zcash in the privacy-oriented coins category. Lunyr looks much better than Steem, DeepOnion has many more features than Monero. So much more to discuss in these kinds of comparisons.
Ditto. Steem and Monero are very different projects and are not close competitors. Steem doesn't have any real competitors around anymore. Monero has lots of competitors as privacy coins are all the rage (for good reason). Monero will likely continue to grow and its awesome that their devs are fighting back against ASIC's but my money is on the smaller cap privacy coins like DeepOnion which has the added benefit of a VoteCentral and the Tor network (among many other perks).
Yes they are two completely different concepts which cannot be fully compared, even though they share something in common. Monero interests me as it is a privacy coin that is secure, private and untraceable currency system. However, it has got a little to popular now which makes me started looking at other options such as Zcash, Navcoin and DeepOnion. They are the younger projects that have a lot of potential of growth and with a great entry level in terms of investments.
You are right, both have a different purpose and are meant for a different purpose. Another thing I agree to is looking at smaller projects like DeepOnion/Zencash as you mentioned.