The only way btc's pseudonymity could have ever worked to provide any degree of privacy would have been with massive peer to peer use as digital cash. If a huge portion of Bitcoin was constantly changing hands between people it could have provided a degree of anonymity as long as you did not link it to your real identity.
Since that failed and financial institutions now control it's trading and have implemented widespread KYC that ship has sailed. Add to that that nobody even spends their KYC'd Bitcoin anyways and if they do the KYC'd merchant is immediately cashing out for fiat, and all the miners also being KYC'd and also subject to censorship pressure from the state.
BTC will never become money, the attack has progressed too far along, and now it's just a gov approved trading asset. It's been too wrapped into the legacy financial system. It's attack surface is too big, and the onchain fees choke out any meaningful use. Layer 2s are a joke as the blink hack has shown.
I think the funniest thing about the zcash social media damage control, is that the zcashers are blaming the user instead of recognizing the problem. You would think there would be a massive push by zcashers for privacy by default fork or only to use it shielded ever, at least.
The bitcoiner's pathetic clinging to BTC as some kind of revolutionary freedom tech, almost 20 years after it's launch, when it is clearly a regulatory captured, mostly kycd surveillance NFT primarily held by banks and financial institutions needs to be studied.
Some will even concede that BTC is not better p2p cash than monero and say to spend monero, but to save in BTC. Remind me why I would want to save in a totally transparent regulatory captured, non fungible token that can be traced, taxed, considered tainted, and that 85-90% of the other users have KYC'd to acquire?
One of the hackers got traced using tornado cash and shielded zcash, and now is pushing the funds back through tornado cash but then cashing it out from tornado cash into a railgun clone ethereum privacy thing instead of just using monero :Veryhappy:
https://x.com/YFarmX/status/2110076685479739407:Ver
So, if I use the reverse engineered adobe artcraft Foss apps, I should just be able to watch adobe tutorials on YouTube to learn the whole software suite? Is this accurate?