The noose tightens...
https://blockspace.media/insight/the-boring-banal-way-big-brother-can-shackle-bitcoin/
Discussion
(it's a bit strange that the author argues for some sort of privacy soft-fork, after making a good case that won't work)
Interesting read..
All is good and I agree with some of your takes, but what is your proposal for upgrading Bitcoin?
I don't have any specific soft-forks in mind. On chain privacy is a really tough problem to solve. For one thing there's a fundamental cryptographic trade-off where you either risk inflation or retractive total loss of privacy (perfect binding vs. perfect hiding, pick one).
At a more mundane level any advanced (compared to what we have now) cryptography makes auditing the supply more difficult, tends to need more block space, breaks pruning and might break lightning.