kevwjin (kevwjin)

recast:farcaster://casts/0x260cdbf6ceb97b52472d40c30ba82d142b058bf9007d6b1c2f64d00b5754b329

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recast:farcaster://casts/0xfe3986d5587dd97acee77a1db8788f41c90f75e201634da02d66e06074b62444

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recast:farcaster://casts/0xf0ce3d120ebadacdf0c648b9517e84e4df4e1699bc8eb34c3ca47d12ca776b2b

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lemme give you my perspective as someone who was skeptical b/c i didn’t know abt crypto’s privacy options. here’s a summarized chain of reasoning that flipped my view: “bearish. there’s like no diff b/w crypto and fiat. sure, crypto is decentralized, but gov’ts still require their citizens to report holding crypto, so crypto isn’t that decentralized since gov’ts have complete surveillance and force: even if their citizens don’t report holding them, the gov’t could check the individuals’ bank acct, and correlate suspicious transactions with pseudonyms on the public ledger. hmm, (does more research, realizes that monero exists) so maybe the only way to get complete privacy would be converting cash to monero. but to prevent scams and fraud, we can’t all just have complete privacy. oh wait, (does even more research, realized there are selective privacy options) there are coins and l2s on eth with selective privacy. bullish now, there’s actually a real diff b/w crypto and fiat”

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