Privacy is all it has. It’s a one trick pony. Bitcoin is so much more. Fixed supply, adoption/network effects, fair distribution etc etc. 

The good thing is that you can learn to use Bitcoin in a private way so you don’t really need monero at all.

Monero is definitely good from a privacy perspective, but there are still the issues that make it unrealistic for me that I can reach the adoption level of bitcoin.

First the supply is not auditable, risk of an inflation hack, has already happened with zcash.

Also I am still not convinced that it can scale. I was listening recently to an interview with someone that is highly regarded in the monero community about potential scaling solution and his two suggestions were:

1. Scaling through elastic block size: The block size discussion has been held enough time and it simply leads to centralization. Certainly, even Andreas Antonopoulos admitted recently, that you could always increase it a little as hardware improves, but looking at how much fatter transactions are in monero compared to bitcoin, I see the monero blockchain already exceeding the 8TB SSD size, if it had the current scale of bitcoin adoption. 8 TB is currently more or less the maximum you can get for consumer level SSDs.
2. It can always scale through other coins: This is just fucking ridiculous, I really don't see how someone in all seriousness can use such an argument. This is like me saying that bitcoin can scale through dogecoin and litecoin.

It started from a sh$tcoin and I guess whoever started it had a pretty high time preference as the block reward was done in less than 10 years. Then they hardforked a tail emission and everyone went along with it. When will it change again?

Bitcoin bought without KYC, coin joined and open a LN channel from it is good enough privacy for the vast majority of ,people. I do wish more would do this, but takes time to learn.

Private, anonymous, cheap, fungible, targeted censorship-resistant (Bitcoin isnt).
Fair distribution is not unique to Bitcoin. Monero had no pre-mine, dev fund, or any of that.

I get you don't like Monero, but at least be accurate.

You can't learn to use Bitcoin privately because it can never be private. Transparent chains are mutually exclusive with privacy. Coinjoins don't make your transactions private.

yo2xncv0

Another option, you could use Monero-based ecash for places where you absolutely needed those "instant" transactions. Where finality was more important than self-custody

bitcoin

What are your thoughts on Bitcoin losing the Darknet

RedRadish688

The waiting part is irrelevant for digital purchases and businesses where the customer doesn't immediately leave (restaurants, movies, entertainment, etc).

As for places where the customer pays and immediately leaves, businesses already factor in fraud into the current system (chargebacks, counterfiet, etc), so that's nothing new. It just has to be better. They can pay with 0-conf which is immediate. Double Spend Proofs make this even more difficult to commit fraud (Store would know within a couple seconds if customer tried/did double spend. Awkward. They would also have to do the double spend and succeed or fail within the first few seconds or it wouldn't work. Original transaction would far too propagated if they waited) Either way, double-spends on Bitcoin and Monero is extremely low especially when compared to traditional currency.

You can also stratify your risks and wait for a certain number of confirmations depending how large the purchase is.

It always seems like network effects matter so much to Bitcoiners until another currency has it then it doesn't matter (Monero is the king of privacy coins and there isn't even a close second) Funny how that works.