MartyBent on Nostr: This is why scaling in layers and pushing privacy up the stack is the correct ...
This is why scaling in layers and pushing privacy up the stack is the correct strategy IMO. There are many improvements that can still be made at the protocol level e.g, wider Payjoin adoption, but most of the MoE privacy advancements should happen above layer 1. Being able to audit the supply trivially and with confidence is paramount to bitcoin’s long term success.
Long term, we need private money or it just gets traced / taxed / seized by the state anyway.
But truly private money makes for a bad store of value. You can’t audit the ledger, so a bug could create unlimited inflation that would be hard to detect.
So privacy is how you move money, not necessarily store it.
Published at
2024-07-15 14:19:08Event JSON
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