this post was submitted on 27 Jul 2025
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Bitcoin is its own worst enemy. It's deflationary, speculative, and largely interacted with by centralized entities. Those things means its unlikely to be successful as an actual currency; even one it hopes to be.
It's been surpassed by new blockchains in all dimensions except market cap
Such as?
Bitcoin for market cap
Solana for transactions, throughput and scalability
Polkadot or Cosmos for interoperability
Ethereum for everything else (developer, activity, economic activity, regulatory, governance, decentralisation etc.)
Cool, ty!
I also hear alot about Monero from the privacy crowd.
Any thoughts?
Monero is opt-in privacy so not ideal, but it's the most popular privacy preserving coin, so it's most popular for illicit dark web purchases