Bitcoin was hijacked for profit. Cut the conspiracy crap.

No. Profit implies they think they will have something with a profitable business model. I refuse to believe they can't do the basic math required to see that BTC is unsuitable as a layer one due to low transaction rate.

Well I don't think anyone is actively trying to destroy it i.e. There isn't an anti-progress cabal, but certain groups want to use bitcoin anonymously to profit in other ways. The 1MB cap was a trojan for anonymous tx. Tether helped and was also exploited.

They stuck with BTC because it was popular and they were already invested.

With suggestions of even lower block sizes BTC and raising the 21mm cap, they probably are economically challenged, or the economics are a secondary concern after changing the system to suit their primary need. They will keep trying to fix it but will fail