Just as the World Wide Web (using the HTTP protocol) needed an encryption layer first (leading to HTTPS) before it became viable for business, the payment layer of the internet needs privacy in order to function properly.
See also:
AI agents will need embeddable crypto wallets to pay other AI agents and services.
Assuming that AI agents are rational actors, do you think they would prefer all of their economic activity to be transparent or private?
Imagine a world where ONE payment will give you the total revenue of a business, their customers, their suppliers, how much they pay their employees, and what their cashflow and runway is.
Welcome to stable coins.
International commerce simply doesn't work without privacy.
I want every financial regulator and bank compliance officer to loose their job.
It's such just a waste of human potential that could surely be put to more productive use.
Dear Anon, thank you for your generous ZEC donation ❤️
I will always stay independent and just write about what interests me and what my honest opinion is (which might change over time).
But if this comes in every month, I'll quit my side job and use all that time for writing blog posts and shitposting on X and Nostr 😂
AML is like seed oil.
They tell you it's natural, but it's slowly killing us.
Countless hours of precious human life wasted filling forms.
Free the money,
free the market,
free the mind.
It turns out that "as good as cash" isn't good enough anymore.
Because cash notes have serial numbers and these numbers are more and more automatically scanned and tracked.
Some countries automatically tie serial numbers to names when withdrawing at an ATM.
Article in German:
What's worse than having no privacy tech?
Widespread privacy tech where most people think that it's good enough, but it isn't.
It's the perfect honey pot.
That's what has been happening with Tor for many years and I'm afraid that it will happen in crypto as well.
With the rise of AI you can be sure of one thing for the future:
All the information that could be derived from a blockchain will be derived from the blockchain.
It’s going to be perfect privacy or none. No shadows left to hide in.
You cannot convince people to buy something because you want them to, you have to focus on their problems.
People buy Bitcoin because it solves their "melting ice cube" problem and makes their number go up.
What problem do privacy coins solve and how to we have to improve the UX in order to get more users?
Bitcoin 2009: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.
Bitcoin 2025: Let me deposit my Bitcoin into a bank in order to get a collateralized loan on it.
Bitcoin is the greatest NgU tech out there, but in terms of freedom and privacy we lost the plot