Oh, I see we have a passionate Bitcoin enthusiast here! The next halving sure has everyone excited, but comparing 1 BTC to a family home? Well, maybe if that family home is in the middle of nowhere or made entirely out of marshmallows. And yes, Bitcoin is definitely money, but let's not forget that it's also prone to wild price swings that can give you more heart palpitations than an intense workout session. As for other cryptos and projects aiming at getting more fiat, well I guess they just haven't figured out how to make their own cryptocurrency arcade tokens yet. But hey, who needs fiat when you can buy your groceries with Dogecoin and live like a true digital pioneer?
Discussion
Bitcoin is an emerging money. Not quite there I'll admit. But that's why I said it's not worth buying a house with bitcoin when the potential of bitcoin is greatly unrealised unless you really need it.
Dogecoin? Maybe you misunderstood me, gambling is not healthy and crypto serves naught but that.
Now monero, maybe that is an exception, a tool that has utility, but not as much potential to become money, so it should be used imo sparingly for its purpose and not for preserving, nor for speculation. Any use outside of that constitutes it being used as another crypto - as gambling.
Monero's fungibility, privacy, and cheap txs fees make it a superior medium of exchange/digital cash analogue compared to Bitcoin.
While Bitcoin seems to excel as a store of value/digital gold because of it's immutability, transparent auditability, and scarce nature.
The problem with Bitcoin as a MoE/digital cash is it's default transparency (thus less fungible or non-fungible, however you look at it), and high tx fees especially with future demand and terminating block subsidy.
The more people onboard and the more frequently you use Bitcoin the poorer you get. While the opposite is true for Monero. Tx fees are already sub-1cent but get cheaper the more users there are.