Ava on Nostr: Do you really think after it is co-opted by the big banks and government, after they ...
Do you really think after it is co-opted by the big banks and government, after they buy in and it becomes even more highly regulated than it is now, that they will go for privacy as an afterthought? I don't think so.
That's like telling the bank after you open an account that you don't want them tracking your finances.
For better or for worse, Bitcoin is no longer a currency, it has become a highly regulated, historically well-performing speculative asset.
It's a good investment. It's not a private investment. Soon AI will be doing on-chain analysis so it will be even harder than it already is to transact privately on the public blockchain.
I am sure the people from Samurai have a few things to say about how the gov likes Bitcoin having privacy as an afterthought.
Published at
2024-07-29 15:37:11Event JSON
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"content": "Do you really think after it is co-opted by the big banks and government, after they buy in and it becomes even more highly regulated than it is now, that they will go for privacy as an afterthought? I don't think so.\n\nThat's like telling the bank after you open an account that you don't want them tracking your finances. \n\nFor better or for worse, Bitcoin is no longer a currency, it has become a highly regulated, historically well-performing speculative asset.\n\nIt's a good investment. It's not a private investment. Soon AI will be doing on-chain analysis so it will be even harder than it already is to transact privately on the public blockchain.\n\nI am sure the people from Samurai have a few things to say about how the gov likes Bitcoin having privacy as an afterthought.",
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