0 sats \ 1 reply \ @kuroba OP 16 Aug 2022 \ parent \ on: Change my mind: Large bitcoin transactions should not be private bitcoin
I should've been more clear. Maybe this is a better phrasing: when it comes to transactions of thousands of sats, is the world better if we have full publicity with identities attached, pseudonymity, or complete black-box privacy (no record of transactions, like cash)?
Then, is the answer the same when it comes to transactions of thousands of BTC?
OK, I see.
The government really wants to see what billionaires are doing but they do funny stuff like smurfing or structuring. This is why the government insists on all this AML/KYC shit which hurts ordinary people - not that the government gives a shit about those. Realistically it's not possible to enforce publicity for billionaires and maintain privacy for small folk.
So given the realism constraints I choose privacy or pseudonymity for everyone.
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