FOSS alone doesn't make it hard money. Most shitcoins are FOSS.
How much of your ASIC resistant mining happens on a CSP?
Have you heard of stratum V2?
Discussion
I'm responding to your "privacy over decentralization" comment. I didn't say FOSS alone does that and you didn't say anything about "hard money".
Can someone force me to use their crypto against my will? Can I be stopped from swapping or selling it? Can someone stop others from forking it? Am I forced to use only one crypto for every use case possible? Sounds like a free market and that's all I care about. Remember, it was Bitcoin that had a contentious userbase split with the blocksize wars even with no hardforks and *still* had to compromise with the half measure Segwit.
Yea, I've heard talk about stratum v2 for quite awhile now still vaporware and isn't a completet solution anyway. The average person still can't afford to participate in mining to keep the network decentralized.
It seems Bitcoin and Monero's approaches have the same potential problem on the opposite sides of the coin.
The tragedy of ASICs is they will continue to consolidate on farms and grow more centralized and susceptible to state attack. It's conveniently wrapping up Bitcoin's censorship resistance and handing it over to governments over time.