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In that case BTC will never rise to the top.

That's not a very helpful thing to say. Most of the obvious explanations for why BTC supposedly isn't good are easily debunked (and have been a thousand times already). It would be more helpful to give a specific criticism of BTC that is actually interesting (i.e., cannot be correctly dismissed in two sentences).

I have too much faith in humanity to believe that the thing which beats out every other clearinghouse over sufficiently long timescales will be “dedicate unimaginable amounts of compute to find one meaningless number and in doing so commit 1Mb of data every 10 minutes (slower than ancient dial-up connections)”.

I clearly don’t know what that better thing will be (I have some vague ideas…), but still I can’t convince myself that Bitcoin will ever be humanity’s best-engineered clearinghouse.

Bitcoin is like the "http://" of cryptocurrency. Public balances, public transactions. We need that little "s" on the end. Taproot doesn't come anywhere close. Monero and PirateChain are the leading "https://" contenders, in my opinion. There is lots of competition in the privacy coin space so everyone will have different opinions here.

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