Replies (6)

Your first problem is narrowly thinking price charts = network effect Secondly, you can have privacy with an network size of 1, since PRIVACY has no baring on ANONYMITY which is a different concept altogether. One is hiding information about someone, the other is hiding their identity. You can have one without the other. Third, this is not even true. Most Bitcoiners have no anonymity, that's why it is often called pseudonymous, because it is not true anonymity. And vast majority of bitcoiners do not coinjoin let alone every transaction. When I send a Monero transaction the receiver could have literally been ANY MONERO USER THAT HAS EVER EXISTED thanks to stealth addresses. When I send a Bitcoin transaction it is known who the receiver is 100% deterministically vast majority of the time. When you coinjoin only your paltry amount of peers are your anonset, not all Bitcoin users that have ever existed. Any mistakes they make also reduce your already small anon set image
Accidentally left out the most important fact: Bitcoin is not and can't be private with changing the protocol. Everything is transparent and visible to the entire world no matter how many coinjoin identity shufflings you do. All connections and amounts are known.
It is not narrow thinking, it is how human works. If the value is getting down doesn't have attraction for the most people. I don't like that behaviour but it is the reality. Exactly, but both concepts have relation. If there are a few number of users, privacy is difficult to get because is easier to track all transactions. You are right, Bitcoin is not anonymous, is pseudonymous, for that reason you can check txs (what is great for commerce) and you have to take care about your privacy, it is not by default. But you can add other layers to get more privacy in top of using good behaviour on layer 1.
Yeah, that is a feature not a bug. You can track institutions, banks and other stuff to know what they are doing. Mainly is difficult to lie you about their funds. But of you want privacy you can get it, as I said is not by default but there are options. I'm not against Monero but it needs to find a better way to get traction.
Moneros growing daily transactions over time chart directly contradicts your first paragraph and price chart. It might have grown faster if price climbed, but it is still growing in use. No, privacy and anonymity are distinct concepts. One has nothing to do with the other. Anonymity = someone with a ski mask over their face playing cards (you don't know who they are but know what they are doing). Privacy = your friend in their room with the door closed (you know who they are but not what they are doing) Privacy is not possible on Bitcoin. It is a public blockchain. Everything that happens is visible. Nothing is hidden. Not even coinjoins hide anything. They just shuffle ownership. Layers sacrifice aspects of sovereignty. Either custodial, permissioned, or worse privacy than Monero so far.
That is ok if you think it is a feature, but it is not good for privacy and anonymity. That is the trade off.