I don't disagree with anything here, but it's important to keep things in perspective. The fungibility issues you're describing are largely a product of a probabilistic analysis that relies on centralized exchanges sharing KYC information with the government... a government who has shown that it is willing to throw people in jail regardless of if they are actually the owners of said "non-fungible" coins.
Also while it may not seem early to those who have been here a while now, it is still early. Lightning has gotten significantly better and easier to use in a sovereign way over the last few years and more innovations are coming out all the time (Cashu, Fedimint, Ark, Spark, Wavelength, etc.) with their own tradeoffs regarding custody and privacy. There is a massive amount of development in the bitcoin space, I'd be willing to bet more than all crypto projects combined.
To me, what makes Monero a shitcoin has to do with the ease with which its small dev team can hard fork it and the limited number of participants who are carefully ensuring the stability and scalability of the code and the network.
Gresham's Law states that people will prefer to spend monero and fiat before Bitcoin. There can be times where it is preferrable to spend monero, but I wouldn't choose to save in it for the long term. Saving in bitcoin while spending monero or USDT is where centralized swap providers come in; that may not be an issue for spenders, but it is an issue for merchants who don't want to hold monero.
I guess my point is that Monero has tradoffs too. In my experience, bitcoiners are much more willing to have a conversation about solving privacy issues on bitcoin than monero maxis are willing to talk about the tradeoffs of swap providers and changes to consensus code.
I don't disagree with anything here, but it's important to keep things in perspective. The fungibility issues you're describing are largely a product of a probabilistic analysis that relies on centralized exchanges sharing KYC information with the government... a government who has shown that it is willing to throw people in jail regardless of if they are actually the owners of said "non-fungible" coins.
Also while it may not seem early to those who have been here a while now, it is still early. Lightning has gotten significantly better and easier to use in a sovereign way over the last few years and more innovations are coming out all the time (Cashu, Fedimint, Ark, Spark, Wavelength, etc.) with their own tradeoffs regarding custody and privacy. There is a massive amount of development in the bitcoin space, I'd be willing to bet more than all crypto projects combined.
To me, what makes Monero a shitcoin has to do with the ease with which its small dev team can hard fork it and the limited number of participants who are carefully ensuring the stability and scalability of the code and the network.
Gresham's Law states that people will prefer to spend monero and fiat before Bitcoin. There can be times where it is preferrable to spend monero, but I wouldn't choose to save in it for the long term. Saving in bitcoin while spending monero or USDT is where centralized swap providers come in; that may not be an issue for spenders, but it is an issue for merchants who don't want to hold monero.
I guess my point is that Monero has tradoffs too. In my experience, bitcoiners are much more willing to have a conversation about solving privacy issues on bitcoin than monero maxis are willing to talk about the tradeoffs of swap providers and changes to consensus code.