Privacy is a matter of degrees, and not everyone cares about privacy. I would argue that it's more important that a currency and asset retain/increase purchasing power, and also that it can't be censored, on a peer-to-peer basis. If your government fiat currency is losing purchasing power 10+% (and that's being generous) month-over-month, then privacy is the least of your concerns. You're just wanting something that retains its value/purchasing power over the long-term so you can continue to take care of food and shelter needs. This is why BTC adoption and use is highest in the Global South. Privacy is a "luxury" concern for us Western nations. Western nations have had "stable" economies and currencies (only 2% inflation every year, yay!) and have complex investment strategies and structures to try and build wealth/savings to some degree (because holding fiat cash is guaranteed to just lose value). We all need to check our financial privilege.
Mar 24, 2023
at
1:49 PM
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