It works as a currency and it's private by default. New privacy features coming that will basically block any attempt at tracing and also make it quantum resistant. I am not a 'news' chaser. I use what works for what I want to do.
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got you. I still have a little stack of Monero from way back ...
If you have a decent computer, you can add to that stack by mining with your CPU while it's not in use.