Except users get economically stuck on your project as their hard fork will have no value after all. Or you agree with the main team devs or youll be condemned to use a dead fork that 3 other people uses. Now make this scenario 10 times. Every time a hf happens, some tiny part of the community is lost. Now do this again multiple times and you have a failed project like XMR.
Discussion
How is it a failed project?
How do users get "economically stuck" if the community rejects the hardfork and value flows out of it into the new one? That's what literally happened with Monero. People are free to come and go to whichever network they want. Welcome to the free market.
Bitcoin Core and Blockstream control what happens to your chain in practice so I can say the exact same thing about main team devs. Even BCH is more decentralized in node software than BTC! 😂
Speaking of losing community members, Monero is winning over previous Bitcoin-maxis left and right. Vlad and Ray Youssef this year alone.
Or you become inflexible and ossified like Bitcoin stuck with pretty much the same surveillance chain it had 15 years ago, have 95% of it's economic activity occur on centralized exchanges, become an NFT blockchain, and fall out of favor with DNMs
https://luke.dashjr.org/programs/bitcoin/files/charts/software.html
Can't believe this is the same Blockstream narrative I heard on 2017 and refuted multiple times.
Again, privacy solutions are coming to Bitcoin. No need to write big texts cuz you're not convincing me to buy your hard-forked shitcoin.
cargo cult speak. you sound exactly like the ethereum people who make a million promises you haven't delivered yet. monero level privacy does not exist on bitcoin at all, and all the people who need that are not just going to close down the DNMs and stare at the wall and watch paint dry until maybe someday it does. they need it now.
Privacy solutions have been coming to Bitcoin for over a decade
Just around the corner ⌚💀
There are already silent payments.
when a fully functioning drivechain-style L2 provides the same level of privacy as monero at an affordable price to a large number of concurrent users, you are welcome to come back again and try to convince us to stop using altcoins
Alright
Silent Payments is such a meager improvement.
They don't hide your transactions from the blockchain at all. And the counter party can naively figure out which address they actually sent to. The sync time is also abysmal compared to Monero.