So I agree on the on diagnosis of the problem (not freedom money, instead paper fiat wealth).
But, I disagree that Monero is the solution.
However, it is something that I'll spend more time investigating.
My opinion as of now:
1) Privacy Coins ≠ User Fix
2) Monero, Zcash, etc. fix tech-level privacy/censorship-resistance. But they don’t fix user-level apathy.
3) If 95% of people are fine living in the CBDC Matrix, then the user base for Monero will remain niche (activists, dissidents, darknet).
4) The deficiency is not the tool, it's the psychology of the user base. Technology can't solve human preference for safety + ease.
In other words, if:
1) Bitcoiners suddenly decide to self-custody,
2) use Bitcoin for payments and ignore taxes on de-minimis payments en masse,
3) stop investing in Paper Bitcoin ETFs that are heavily manipulated by Wall Street,
4) stop investing in treasury companies, or at least demand Proof of Reserves,
then I think we are in a good position.
What are the odds of this happening? I'd say very close to 0%.
Very much agree. I would love to see this but chances are close to zero.
A niche product means at least there is a market fit. KYC Bitcoin has no market fit anymore. It's just another tool in the arsenal of oppressors and a damn good one thanks to fiat NGU advertisement.
Most people also use cash and know about its properties.
Also most people seem to be on the highway to hell giving up former freedoms for a little more convinience, if at all. I personal do think that high denominated fiat bills still have a very high convenience factor outside of smart city VC startup digitalisation bullshit.
