I agree with Naval's take. And this is a thesis I've been investing with for some time.

In the long run, privacy is super important for working capital. Sending and receiving with high velocity, privately.

But then once you gain a significant surplus, you want to be able to pull that capital onto a supply-auditable base layer for longer-term savings. The supply-auditable base layer isn't as private, but since it is pseudonymous it inherits some of the privacy from the fact that you've pulled it down to that layer from private working capital.

There are different trade-offs for spending wallets and savings wallets, when it comes to privacy, security, etc.

Wallets that use the open-source Cashu protocol are great for private working capital. And Nostr has been great at integrating them recently.

nostr:note1wzf7juezfjpffe2klc4npjsrmc7a7nxsu600jtz634hla7p7dj6qf73ngj