Iris actually works nice, I like it. Look this is not about me trying to persuade you or anyone really about anything whatsoever. I could care less about it, but the point stands. Bitcoin is of no use when it comes to financial privacy. I had no idea about it when I first got into Bitcoin, thought that must be weird, to publish my financial transactions to everyone to see.
Discussion
Yeah.
It makes no sense.
I want to buy a million dollar house, everyone knows my wallet and they see it?
Wtf?
I've heard a guy recently, he sounded as he knew what he was talking about. he said that Bitcoin was intentionally designed to be 100% transparent, so that the guys like this one above and the rest would accept it. This is the most convincing explanation I've heard so far about it. So from that point of view I would say, if that's true, that was a smart decision. However, at some point this will come back as an issue for sure.
It’s an issue today for anyone paying attention.
Also, during 2020 the 50% threshold was briefly broken…
Bitcoin maxis conveniently don’t talk about this.