An important limit of monero is its lack of scalability and store of value. Its rules to prevent ASIC keep it semi centralized. For a privacy token it may be useful for the edge cases where privacy is important, but cash isnt suitable. For swap in, it may be more practical for people to use Liquid which has a 1:1 ratio pegged in/out from sats and support for confidential transactions. Its important to consider ones needs now, and in the future and tradeoffs involved in any exchange.
Discussion
scalability is often repeated fud, not an issue at the moment.
monero transactions are growing much faster than bitcoin transactions.
monero is not a religion, it is always adjusted to new privacy and scalability requirements. unlike bitcoin it is a community initiative. bitcoin is increasingly becoming a big corporations initiative which can only be mined on special computers. monero can be mined on any computer, even on nitendo game consoles. that is why it is more decentralized.
liquid is also a different network. if you switch into liquid you will need an exchange which will charge you a fee. no one uses liquid at the moment.
monero is used extensively all over the world. you do not hear much about it because all transactions are private. recently a guy reported from argentina which operates a black market for pesos (the official market is criminal and corrupt charging 3x) that he could pay monero and they gave him pesos at the real market rate.
monero is the future of money in a totalitarian world
Lack of scalability? What do you mean? It has dynamic block sizes.
It’s not supposed to be a store of value it’s meant to be spent like cash.
Lack of asic stops gigantic miners from controlling the hash rate thus keeping mining more decentralized.
1. No scalability concern as block sizes change dynamically. Unlike bitcoin.
2. By not using asics (billion dollar companies control mining for BTC) Monero in contrast allows mining on regular computers. (Truly Decentralized)
3. BTC was booted from the darknet, and there are many many more markets that when Monero is accepted it immediately gains traction and becomes the new leader.
4. XMR is the best for daily use and store of value. Let the big corporations and governments control with BTC. XMR will be for the people who want privacy and freedom long term.