naval on Nostr: Long term, we need private money or it just gets traced / taxed / seized by the state ...
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.
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.