This. This is why I've said this so many times, in so many ways. Public ledgers are a mistake. They are the single greatest failing in crypto, and privacy should never be an opt in. Bring billions on chain? Attest to everything about your life, your location?

This. This is why I've said this so many times, in so many ways. Public ledgers are a mistake. They are the single greatest failing in crypto, and privacy should never be an opt in. Bring billions on chain? Attest to everything about your life, your location?

https://twitter.com/TheCryptoCPA/status/1781403340045197813

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

I agree. It’s such a complex issue.  But my tl;dr has always been that crypto failed because it didn’t replace fiat (which is defined as currency you can use to pay your tax obligations). If it replaced fiat, then fiat/crypto bridges would have nothing to report. So, it failed.  Let the work continue.

Tradfi coder by day, hacker by night. Doesn’t know night from day. Freelance scribe. Dad cook. Dog butler.  Happy Grandpa. Draws badly.