realizing recently (via convos with friends) that, afaik, the ideal env for digital asset ownership doesn't exist yet; we need scalable and user-friendly privacy guarantees by default. Without that default privacy, real behavior won't ever make its way onto a blockchain.
Are you saying that without privacy guarantees by default, cryptocurrencies cannot proceed to take over the world?
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pseudonymity might be enough, but I'd hope we could get total anonymity as a default. but I'd expect some sort of privacy guarantee is required for a cryptocurrency to become the primary SoV or MoE of a society. People enjoy having their ownership records relatively private, no?
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I agree. The big question is, assuming Bitcoin's onchain fungibility isn't coming anytime soon, which I think is likely, whether people will be satisfied with Bitcoin's Lightning Privacy or whether they will demand deeper anonymity provided by Zcash/Monero.
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very good question, yeah. perhaps those privacy guarantees are "good enough"? speaking as a user, they're definitely "good enough" for me right now, mostly because getting real privacy guarantees via monero/zcash 1) isn't something I need and 2) is too user unfriendly to switch
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Agreed. Usability / Good UX will be critical for adoption. But things like extraordinary bank deposit shaving, transaction censorship, tainting of coins, Chainalysis/Elliptic, or the arrival of many more billionaires demanding full privacy could increase the need for the latter.
End of conversation
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