CitizenLocke on Nostr: This is a very good and important point. It seems like that if we're not here ...

This is a very good and important point.

It seems like that if we're not here already, we're very close to this.

In way or another :)

quoting
note1wzf…3ngj

Long term, we need private money or it just gets traced / taxed / seized by the state anyway.

But truly private money makes for a bad store of value. You can’t audit the ledger, so a bug could create unlimited inflation that would be hard to detect.

So privacy is how you move money, not necessarily store it.