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.
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Replying to @mattgcondon
When you say digital asset ownership, are you talking about digital assets like NFTs, or are you talking about digital assets like cryptocurrencies?
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Replying to @MustStopMurad
I do think currency falls under digital assets (as well as identity), so ideally all of that is considered the same thing and solved by the same solution. But we'll probably have to draw some technical lines in the sand between currency, identity, and "NFTs" in the short term.
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Replying to @mattgcondon
Are you saying that without privacy guarantees by default, cryptocurrencies cannot proceed to take over the world?
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Replying to @MustStopMurad
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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Replying to @mattgcondon
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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Replying to @MustStopMurad
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.
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