Part 5/8:
Another significant point made is regarding the anonymity set. Crat questions how effective Monero can be as a privacy tool when its user base is considerably smaller than that of Bitcoin. Although Monero does have a dedicated following, Crat insists that a larger anonymity set—provided by Bitcoin—offers more substantial privacy benefits.
Moreover, Crat warns about the entrenchment of liquidity challenges for Monero, particularly as exchanges increasingly delist privacy-focused currencies, underscoring that Monero lacks the robust global adoption demonstrated by Bitcoin. Monero's inability to achieve widespread acceptance stifles its potential for a functioning circular economy.