After all these years, I'm still on the fence as to whether Bitcoin's transparency is flaw or feature.
It's a privacy concern for some users.
On the other hand, imagine your government on a Bitcoin standard, where all of their spending could be independently audited at any time. US DoD wouldn't have $2 trillion unaccounted for. 🤷
The Bitcoin chain is an honest accounting of transactions, for better or worse.
transparency is FEATURE 100%
XMR ZCASH DASH ... rest will never become mainstream chains in next 100yrs
Hey nostr:npub1te0uzs6vj29umjaxlqqct82j8q6ppyefrxq06dhr8d6pvwfatgkqjmjgwp 👋
Haven't seen you in a while
Hope you're well
think we have relay mismatch ! 🤗
I think it's a flaw for obvious reasons, with that being said I don't think anything is perfect.
"We have a great advantage because the natural balance of the system is one in which individuals can have privacy, but the powerful cannot have secrecy anymore. Bitcoin is one of the first steps in that."
Selective reveal via signed message is good.
Payjoin by default is good.
Coinjoins & other similar privacy preserving aspects good.
Total amount transacted, available issued to be publicly known, also good. Verifiable cap is supremely important.
