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2024-07-14 21:18:56 GMT

naval on Nostr: Long term, we need private money or it just gets traced / taxed / seized by the state ...

Long term, we need private money or it just gets traced / taxed / seized by the state anyway.

But truly private money makes for a bad store of value. You can’t audit the ledger, so a bug could create unlimited inflation that would be hard to detect.

So privacy is how you move money, not necessarily store it.