Jay on Nostr: Privacy means only selectively revealing yourself to the world. On-chain transactions ...

Privacy means only selectively revealing yourself to the world. On-chain transactions require absolute transparency and clarity for everyone to validate them. The two are incompatible.

quoting nevent1q…3wrc

I don't think we will ever have on chain privacy on bitcoin, it is at odds with getutxoset.

What we need is great second layer decentralized privacy solutions (like JoinMarkets), and hopefully some new onchain primitives would help too...