There have been some huge issues with a lot of privacy coins. Dero, secret, and Haven have all had devastating exploits. Haven has more coins on a single exchange right now, than are suppossed to be in existance on the whole chain. It's not a transparent chain, so it's not auditable under normal circumstances. They are in the middle of and "audit" where everyone has to send their coins through an address to be counted. Any coins that don't get audited by the end date will be burned. Any coins over the amount that's suppossed to be in circulation will be burned. Basically failed at this point. But we've all known algo stable coins do not work for years now, even before luna's crash. This was inevitable. Main reason why BTC has no on-chain privacy is cuz it's extremely risky FOR BITCOIN." In other words, making significant changes to the layer one protocol for bitcoin would risk a trillion dollar asset; so many things could go wrong. It's risky for the price too because Blackrock won't invest in anything that can't be traced. They are catering to wal street and the fiat establishment to get gains. They care less about digital cash at this point. BTC= Blackrock's Total Control. Satoshi's vision has proved extremely successful for bitcoin. The price is just one indicator. We could get into an hour-long debate over ossification but devs should never be gung-ho.
It's hard to call something hard money when it can be something completely different in 10 years do to upgrades or changes. The gold you buy today, will be the same gold 100 years from now. We should try to mimick hard currencies as much as we can. But it is a tought line to walk because blockchains are essentially software, and software needs upgraded.
