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.
Not true; the coinbase transactions can include the amount and recipient and this way audit supply
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Are inflation bugs always and necessarily detectable through the coinbase tx ?
There is no other way for the supply to increase
