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