couldnt you just use any of the other privacy coins if ngu isnt wanted, or even bch? why does bitcoin have to be for privacy?
its clear that the price is not related to its privacy benefits, and people that value that, will likely use something different.
I'm not trying to say that money shouldnt be private, but just saying bitcoin might not be that anymore. People have bought it more for NGU and will use other things for privacy.
also, i dont know much, just pondering 🙃
If the supply is fixed
and the ledger is transparent
and there's a lot of wealth invested in it
then naturally there is a lot of incentive to track value transfer.
so chain analysis becomes a billions and billions business.
as time proceeds the number of utxos without registered owners only decreases.
unless there are strong privacy tools people can use conveniently 😕
It's easy to imagine BTC as becoming a surveillance chain
maybe it will have high fiat-denominated "value"
but it wouldn't be freedom money.
default privacy is an unfortunate necessary condition for freedom.
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