I wrote multiple times a year ago that privacy would continue to be suppressed regardless of administration.
It is.
Discussion
Lyn, what are your thoughts on Monero?
Is there a market solution for it? There seems to be from my perspective. Privacy is how you can remove counter party from markets, thus reducing risk. Not a guarenteed to be profitable but I think incentives can align where it's mutually beneficial for both parties to selectively reveal things while still having understood contractual agreements. Crytography is offering a way to structure businesses with very auditable but private books.
The market isn't driving or it would be free. I think you are right that there is a sly and roundabout way to embed more cryptography into the system, by playing on its incentives, as Bitcoin already does. I think security is actually the greatest open opportunity there.
But the control grid is built on things that cryptography fundamentally threatens. Lying, stealing, cheating and slavery are not byproducts. They are it's very substrate.
From clipper chips to PQ migration, the pervasive deepest logic of system will always be anti-crypto at its core. It will only allow it grudgingly, in limited domains and it will always be attacking it at the same time.
Fiat is inherently anti-rreality. Cryptography is reality's enforcement arm.
The system has conflicting incentives that can be exploited to make limited progress, but we have to remember that full adoption of cryptography is an existential threat to the system. Privacy, security and freedom are antithetical to its very existence.
The crypto wars will be fought to the end.
Privacy gets hammered no matter who’s in charge… HODL your keys, not your trust.
You did and it will always be safe position to take. The modern state is a feature of fiat, not the other way around.
(I think you may define fiat more narrowly and commodity money more broadly than I am here. I'd argue for a broader definition that encompasses all lending at interest and seniorage.)