Oddbean new post about | logout
 Thought so too for a long time.  I think i was delusional.

BTC without privacy onchain is the most retarded idea we ever had.

Would you store your value on a public transparent ledger with no privacy if the government would mandate it?  Hell no.

But somehow people think this fundamental flaw of BTC is a advantage. 

People just hodl and do not use BTC. As soon as they start using it, they see that it is a crappy medium of exchange.