Absolutely, it's supercharged fiat, compressing what happens in fiat on a smaller time scale. Sadly our message is not a popular one versus get rich quick, it appeals to those who are still so fiat centric and what annoys me is because these coins have trading pairs in bitcoin, these charlatans are able to secure their gains in the bitcoin time chain and then cannot be diluted

Great article, thanks Jimmy!

Assume that a centralized altcoin exists that provides useful privacy in areas where it would take more work or be more expensive to achieve comparable privacy on BTC.

If that altcoin was somehow implemented as a privacy layer for BTC (perhaps with atomic swaps) such that you are never exposed to it's volatility or consensus rules. Would you consider using it? Would you still call it an altcoin?

How is this different from something like Liquid or fedimints which also take a privacy vs decentralization tradeoff?