Privacy coins do not offer much of an advantage. It's very difficult to find someone that's accepting them. I really expected privacy coins to take over like a year ago, but I couldn't be more wrong.

I underestimated how important brand awareness and acceptance is, and there is only one coin popping up as the absolute nr 1, and that's Bitcoin despite the fact that it doesn't offer any actual privacy features.

Governments probably see that as a good development because the transparent nature of Bitcoin makes it easier to trace criminals, especially when they feel they can't be traded and start to act recklessly.