[npoc]

Incorrect on all points. Bitcoin is as private or transparent as we need it to be. Bank account transactions are done on a higher-layer payment network than the base inter-bank clearance network, and the equivalent payment system for bitcoin would be either a bank account nominated in bitcoin, or for a decentralised solution, the lightning network which is instant and can cost less than 0.1% per transaction (compare that to 3% or more for VISA/Mastercard transactions). The bitcoin base layer can transfer trillions of dollars worth of value around the world with full final clearance in less than an hour and for around $2 currently (i.e. 0.0000002% transaction fee for $1B).

As for removing control of the supply from government - that is exactly the point: https://x.com/KenOKeefe1TJP/status/1875962999195816261