>>60581774
>Network effects in technology are extremely strong. Generally, the first technology that is "good enough" and achieves network effects develops a wide moat that prevents competitors from actually mounting a strong attempt at gaining market share.

>Bitcoin is being intentionally propped up by the government as an attempt to prevent network effects from accruing to a privacy coin (essentially, Monero).

>If network effects were achieved in a privacy coin, it would be a legitimate challenge to the central banking system and the ability of the United States empire to project power. It would also prevent government agencies from acquiring the new powers of financial surveillance that public blockchains provide. Attempting to astroturf Bitcoin as the "one and true digital currency" is a matter of national security compared to privacy coin alternatives.

Here's the thing though: Bitcoin isn't actually used the same way Monero is actually used. BTC is now acquired purely for future resale/profits and is in no way a threat to the State because unlike XMR, BTC simply doesn't work well under highly adversarial conditions, at this point nobody even expects it to.

Shilling BTC as the "one and true digital currency" therefore doesn't negatively impact XMR adoption because those that actually need a viable decentralized P2P payment system aren't speculators who are easily swayed by Saylorisms, they're rational actors in search of serious solutions, not moonfags chasing NGU. Thus the only network effect BTC now enjoys is among speculators who were never going to actually use it in the first place, and speculators sure are a fickle bunch.

TL;DR: Bitcoin has hoarding, Monero has adoption.