Bitcoin is not ready to serve everyones needs with no kyc, and Bitcoiners who care about this are bullied away.
Please let's get Drivechains over with, or OP_CAT or something.
Or fuck it let's monetize Signet.
Discussion
Monero?
The issue isn't privacy, it is scaling. Although with Drivechains you can have chains that are private. Monero does not solve scaling it adds one more token you have to worry whether it will be acceptable or not. That goes against adoption.
What maxis ignore is that Monero already dominates the payment market both white and black market. It won't change anytime soon.
Good for them.
like the anon said Monero "not scaling" already carries both white and black markets with ease, and the next upgrade FCMPs will open the door for offchain payments
There is a large discrepency between merchants that accept on-chain vs Lightning vs Liquid, etc are in practice very different even though they are all Bitcoin.
The last two are extremely small and don't share the adoption of on-chain Bitcoin. Monero has arguably more adoption than Lightning, and definitely more than Liquid.
There are merchants accepting Liquid? I have encountered it by mention of some Lightning Network node operators, but I haven't seen it being used for anything else
Yea that's my point, I'm sure there are a couple, I see Lightning somewhat often, but none that I know of for Liquid.
On the same topic, Shopinbit just released there latest payment stats:
My point is that a sidechain would have to start merchant adoption all over again from scatch. Compared to the last two attempts seems like a very tough uphill battle to get over the already existing network effect of the already existing privacy coin (Monero).