This is happening right in front of our very eyes. It seems the fiat system will remain cloaked as "blockchain", but now with even less privacy. This is sad.
“If the world we end up in is one where we’re using crypto via intermediaries, and those intermediaries forbid you from using private cryptocurrencies, we have a situation where users have no privacy from the intermediary, the government, or the general public . . . that’s a pretty big failure.”
Peter Van Valkenburgh
https://archive.is/2024.02.09-130053/https://www.ft.com/content/971ac694-f250-412c-9fe0-f956378a751a
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