Bitcoin fails on all promises from the early days, sadly.
- it is not decentralized, 12 mining pools have control
= it is not usable as p2p currency
- lightning is moving most users into custodial wallets
= not your keys and not your coins
- 1mb blocks are a joke, we have 2024 and a 12tb hdd costs $120
- fully transparent with zero privacy
- mints and etf's will dilute the 21m cap
Asic resistance is one of the key arguments for Monero .
Also mining by botnets creates a truly decentralized infrastructure. Botnet miners will not bend their knee to a tyrannical government.
Apart from that it is censorship resistant, has adaptable block size and fees are low. You can use it as a p2p currency.
The longer i think about it, the more it is clear to me:
Monero is the real Bitcoin and represents everything why i went into Bitcoin in the first place.
Most people will only understand its value when the government mandates to connect your digital ID to your BTC transactions.
