For bitpay's usecase Bitcoin is being replaced by other coins because it fails to embrace on-chain scaling in favor of off-chain scaling which is far from ready. This is exactly as predicted.
> If you want to get your transactions tracked by the chinese government
That's such a stupid thing to say as with an open ledger everyone can track your transactions.
> If you want your transactions to be private, you use a decentralized blockchain like bitcoin.
You don't even know what a private transaction is. Bitcoin has an open ledger and all transactions are exactly as traceable.
The chinese government appreciates your compliance with its crypto implementation.