cypherjack on Nostr: I don't think #Monero is in competition with #Bitcoin to become the new global ...

I don't think #Monero is in competition with #Bitcoin to become the new global economic system. However as a cryptocurrency I could easily sees it as a second best as it's decentralized, community driven, private by default. Like you said it's a tool, just like #Bitcoin and like #Bitcoin it does things well and other things aren't ideal. The privacy on Bitcoin do exist and avoiding KYC when buying is probably the easier steps. However the peace of minds that #Monero brings while spending is a big advantages over all the amazing privacy tools for #Bitcoin that are used by a really small number of #plebs .
I think privacy on Bitcoin L1 and L2 will improve over the year.