obviously Monero is useful. what do you want, a medal for stating the obvious?

This doesn't answer my question at all. It's still just

"They buy Bitcoin and then give up trying to control people because Bitcoin"

Kind of like they started using the internet (an open protocol )and then gave up trying to control the internet? (they didn't)

Nowhere in history has this ever happened.

What they do is they lock down the on off ramps and make self-custody and transacting P2P onerous and difficult. People will voluntarily opt in to custodial solutions for the sake of conveniency.

Then they continue business as usual on top of the new asset class.

It's already happening.

People who insist on self-custody and transacting in a sovereign way will find it difficult to find a transaction partner and be socially excluded.

In the end that makes them economically irrelevant.

But sure *I'm* the one being willfully ignorant 🙄