Ok, understand the trade-off, but I think the importance of privacy is often downplayed by Bitcoiners. You said yourself privacy is one of the most important aspects of individual sovereignty.
If you can be forced to comply because government can monitor and trace transactions for 95% of Bitcoin users they can apply any arbitrary law they want. They can simply increase taxes to offset your avodiance of inflation, or just confiscate it completely like they did to BTC Sessions friend after the trucker protests. Great, your money isn't debased, but now it's gone 🤷♂️
Btw I don't consider it a clearcut failure and look forward to privacy improvements on Bitcoin like BOLT 12 - although it looks like LN in general will still have it's own issues that Monero doesn't and vice versa. Trade-offs like you said.
SaberhagenTheNameless / Saberhagen The Nameless
npub14a…yz6rn
2024-11-20 06:49:48
in reply to nevent1q…kpp6
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnPublished at
2024-11-20 06:49:48Event JSON
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