Thought so too for a long time. I think i was delusional. BTC without privacy onchain is the most retarded idea we ever had. Would you store your value on a public transparent ledger with no privacy if the government would mandate it? Hell no. But somehow people think this fundamental flaw of BTC is a advantage. People just hodl and do not use BTC. As soon as they start using it, they see that it is a crappy medium of exchange.