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This is something that people overlook. Not having privacy (all transactions are fully public) ensures that the mining algorithm, coinbase, etc can be fully audited by anyone.
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This is something that people overlook. Not having privacy (all transactions are fully public) ensures that the mining algorithm, coinbase, etc can be fully audited by anyone.
The most scary part for me to have privacy on mainchain, is to have a bug and be able to create new coins out of thing air.
No body will ever know what is going on. and who is creating them.