Privacy hopefully gets improved later, through technology or more p2p econ activity. An open ledger has advantages, eg spotting inflation bugs (sure there are a couple others too).

Bitcoin may not have made it out of infancy too, had it had stronger privacy built in at the start 🤔

As for confiscation/kyc-threats, I think widespread self custody goes a long way. Even with gold 6102, they couldn’t reasonably pry a lot of the privately held gold iirc

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i dunno man

people have been saying "privacy will get improved later" since I've been in Bitcoin,

over 8 yrs now.

still waiting and i dont see a lot of reason to be hopeful.

with gold they had to do house to house enforcement.

owners weren't recorded on a ledger auditable to anyone with an internet connection.

transparency tradeoffs.