Only when you opt-in to using shielded transactions. Which up until the recent upgrade took a ton of CPU power and RAM to do.

Combine that with two of the founders saying they're OK with backdoors (Green) and making it too traceable for criminals (Zooko) plus a 20% cut of all the currency for years and it starts looking sort of bad. (Yes it's 10% overall, but instead of showing long-term trust in their project, they decided to grab 20% really quick.)

Monero is far from perfect. Their ringsize is pitiful. But it works well, doesn't require heavy hardware, and privacy is mandatory. Plus it feels like a real community effort, not commandeered by a group that's open to making things traceable or demanding a huge cut.