BTC is perfectly designed to keep people from using at as money.
High fees
Slow confirmations
No privacy
High volatility
Bankster fingerprints all over it.
___Same could be said about advisary resistant online commerce with monero due to the immature multi sing… Im hopeful when this is solved we will have the year of the linux deck shop.
Bitcoin as the first cryptocurrency is certainly not perfect. Many things were not foreseen because nothing like it had been invented before. I don’t think because of this it is now useless. It is still usable for wealth preservation like gold. Explain where and where in Bitcoin is statism and what is meant by that?
Gold is fungible, bitcoin is not. Monero is a better store of wealth than bitcoin.
However you should not be storing your wealth in currency anyway. It should be done in tangible assets like property, companies, and metals.
Diversity is your friend. It has been illegal to have gold. During the Canadian trucker’s protest, trucks have been confiscated, and companies have been forced to close. Bitcoin wallets have been tainted so they could not be withdrawn from CEXes. During those protests, many properties with mortgages were foreclosed because banks froze trucker accounts so they could not pay mortgages. As long as DEXes and P2P exist, Monero is safe. Diversification can reduce the risk of any single attack.
When I think of Bitcoin, I think of corporations. Bitcoin has chosen not to evolve in favor of companies that profit off of its weaknesses, and using the currency is almost completely surrounded by companies that have to listen to the government (ATM’s, exchanges, etc.). I would bet that the large majority of people who “hold” Bitcoin do it for the money and don’t care about everything I’ve mentioned.
Programmers say, “Build one to throw away.” Not always true, but often a good point.
Bitcoin was a great, historic start point. Very innovative and respectable. Because it was there, Monero is here now.
