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0 sats \ 1 reply \ @Brunswick 16 Aug 2022 \ parent \ on: Change my mind: Large bitcoin transactions should not be private bitcoin
Your topic is curious indeed, that should "big money" like governments be allowed to operate in darkness. I think that I understand why you bring it up. Bitcoin was designed to address this problem, but not in such a blunt-force way you are familiar with. Rather bitcoin was designed to address the secret or opaque counterfeiting of people's energy and thus allowing many cabals of conspirators to manipulate the world through the inherent imperfect-knowledge problem present in the market of money and credit.
Banknotes, what we call fiat, are inherently inflationary. There are two kinds if inflation, short-term and long-term. The kind everyone feels in their pocketbooks is long-term inflation. The kind the banksters and econunists use against us is short-term inflation, and they dismiss this theft by saying their banknotes are "more elastic" and claim its necessary to "lower the demand for money to enhance economic activity".
These are the kinds of deals we need as a society to put to an end, both the ability for inflationary loan-defaults to happen, and the dark smoke-filled backroom under-the-table deals done between international indistrial chieftains, the monied rich and the subversive deep state tyrants who all collude to keep their grip on the throats of hard working godfearing families.
Bitcoin, being a grassroots response to this eternal struggle between the honest and dishonest puts an end to manipulation of our liquid assets through lending of fiat or monopolistic hoarding of mining rights of metals.
If you study anarchism, you may find there is a connection between the corruption of government and the "imbalanced scales" used in coinage. To take this intrinsic need for a trust relationship around securing weights and measures away from the government, also largely neuters government altogether.
Therefore a concern bbout large sum transfers or holdings on the blockchain may be misplaced, and the underlying problem you are trying to solve is tyranny of a government or of a powerful international business. The greater likelihood is neither would be possible, nor necessary, and simply wouldn't exist under a system of perfectly hard money.
One can hope! At any rate, I'm excited to see money and state start to re-separate.
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