Bitcoin is clearly more balanced, especially for mass adoption, but Monero has a specific use case, which is dark markets on the deep web, and Bitcoin does not currently offer a good solution for that.
In my opinion, I don't think they will ever compete because their principles are totally different and neither can offer what the other offers, at least in layer 1. That's where Bitcoin has an advantage because it can offer what Monero offers, but in layer 2, although for that we have to solve the liquidity and infrastructure problems posed by Lightning nodes.
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It was never satoshis design to have bitcoin be a black-market currency. He even exposes the risks of UTXO change and the transparent ledger in the white paper.
You can't beat a racehorse at art when the racehorse never wanted to do art in the first place lol.
You can achieve a very high amount of anonymity with Bitcoin, even perfect if you really try. Thats not out of reach with Bitcoin. It just isnt there out of the box.
I get it, poeple like iphone users, windows users, etc can benefit greatly from monero, but the privacy education ive given myself way before Bitcoin and all of it that came after bitcoin is priceless.
Had I never used bitcoin, and only used monero, I would have never learned how to make Bitcoin anonymous.
And that is most valuable of all...
