Apart from BSV which was an exception, we frequently notice altcoins like Litecoin and Monero being used more as a currency than Bitcoin. Check out this post from stompix: https://bitcointalk.org/index.php?topic=5478905.msg63402003#msg63402003.
To me the answer is crystal clear. People don't care about decentralization and censorship resistance that much for their financial transactions. They care about those properties when we're talking about the best asset there is. Bitcoin proponents view bitcoin more as an asset than a currency, and that's why it is not worth the risk to implement significant changes. It's that simple, yet we're making it seem so complicated somehow.
To me the answer is crystal clear. People don't care about decentralization and censorship resistance that much for their financial transactions. They care about those properties when we're talking about the best asset there is. Bitcoin proponents view bitcoin more as an asset than a currency, and that's why it is not worth the risk to implement significant changes. It's that simple, yet we're making it seem so complicated somehow.
Of course. LTC and XMR are often viewed by many as currencies. NOT a long-term investment or store of value. I guess their total supply has something to do with this. Bitcoin's limited supply and deflationary mechanism has led the majority to use it more as a Gold alternative than anything else. There's nothing we can do to change this, especially when "Wall Street" is involved. Only a small portion of people will use BTC as a currency for day-to-day payments.
Given that the majority is "hodling" BTC, the Lightning Network and other subnetworks/sidechains will remain a niche for the tech enthusiast. At least, people have a choice. Who knows where on-chain fees will be in the future?
