Under the hypothetical assumption of no inflation bug, yes, that would be the literal perfect digital cash. You don’t know how much is in my physical wallet and neither do I know what’s in yours.
However I’m told that can’t prove there’s no inflation bug without an open blockchain so I’m inclined to believe that it’s better to delegate privacy into a L2 instead.
Under the hypothetical assumption of no inflation bug, yes, that would be the literal perfect digital cash. You don’t know how much is in my physical wallet and neither do I know what’s in yours.
However I’m told that can’t prove there’s no inflation bug without an open blockchain so I’m inclined to believe that it’s better to delegate privacy into a L2 instead.