While I agree with you premise, my question is regarding with what you said about privacy. Bitcoin is not private. All transactions are on the blockchain for all to see.
Discussion
Bitcoin is private if used properly.
Manage your UTXOs, buy P2P, coinjoin, etc
Bitcoin, just has more of a learning curve.
So, the folks that don't care about privacy, arnt private, and the ones who care, can be private.
It's this kind of....... flexibility, or freedom if you will, that makes bitcoin what it is.