Because most people want to trade coins, or just buy and hold them to sell at a greater price. Privacy and technology are for enthusiasts, not for the masses. It has always been like that.
Of course. Why shouldn't they? After all, the majority only wants to get rich with the hype. I'm afraid it will continue like this for as long as crypto lives. Only a handful of people (very small minority) will continue to support truly-decentralized and private cryptocurrencies. Monero seems to be the clear winner here in regards to privacy/anonymity. Governments don't like it because of its privacy features. Between false propaganda, and exchange de-listings, XMR has suffered from low adoption since its inception.
What I like the most is Monero's resistance against ASIC hardware. Upgrades every 6 months will keep it that way forever. Since it's easy to mine with a CPU or GPU, anyone can participate in the network consensus. This means more decentralization and less inequality. Maybe XMR will outlive many of the privacy coins we know and love today?
