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 Guys help me understand this... Someone recently was telling me about monero and that's where it's at... What's the downside of Monero? Supposedly the upsideis true privacy?! 
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 The downsides are
smaller network effect
less energy securing the network
and 
trusting additional cryptographic primitives that guarantee supply. 
 Downside is being chased by governments. At this point they've pretty much tried to criminalize owning monero since they can't monitor how money you have there. 
 There is no downside to using Monero (except the authorities interest in you). 

I don't give a shit about the 'authorities'.   Not anymore.  Not since they've proven their all either liars or slavers, or both.   Have has spent a few tens of billions trying to murder me covertly.   

Civil disobedience is what built bitcoin, and it's why Monero is what it is (the best privacy coin; only used by those NOT so enslaved their 'daren't use it because the authorities might be/will be more interested in me if I do #slavementality  ).