> that is unbelievably slow, inefficient, and makes it impossible to fix bugs
I don't dispute that. The real innovation lies in the decentralization. Unfortunately, decentralization is threatened by centralized mining operations who resist changes to the network such as migration to proof of stake. Bitcoin also suffers from the same problem with miners effectively controlling the protocol and as a result the coin has remained static for a long time.
Monero seems to be having success avoiding the influence of miners. They adopted ASIC and GPU resistant algorithms which makes it viable to mine XMR on normal CPUs, allowing more people to participate and as a result making the coin more decentralized.
...that is unbelievably slow, limited, difficult to use, and makes it impossible to fix bugs.
It's absolutely fascinating in principle, yes. But in practice it's a solution in search of a problem.
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