Mass adoption of Bitcoin would be a mass surveillance dream due to the lack of on-chain privacy. It also won't be censorship resistant without privacy.
Still not too late for Bitcoin to add serious on-chain privacy via encryption rather than obfuscation, but it's getting there.
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Needs a lot of improvement, but at least they've stopped it from becoming ossified and unable to improve so they can keep doing that far more easily.
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What is Monero lacking at the moment in your opinion? I always thought of XMR as the gold standard today.
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In terms of privacy, it still partially relies on obfuscation / decoys instead of being entirely encrypted. It has privacy-by-default which is great but the tech isn't nearly as advanced right now. They're actively improving it though.