@zherring
TLDR: @splits now offers TradFi banking benefits (privacy + automated book keeping) to onchain teams
Privacy is really important. Without it, we've built a kind of perfect financial panopticon that, with AI, scales infinitely. So if nothing changes, crypto adoption ends up being a net-negative for society. As someone who's been here since 2018, that's a bummer!
Onchain privacy solutions are fragmented and one-offs. To pay someone onchain privately means either: (A) using a CEX as a mixer (B) bridging to a private chain or (C) using privacy solutions that aren't integrated with your onchain ops and require deep understanding of the mechanism (I swear, I've bounced off Railgun 3 separate times). When you pay someone, you want it to be both private and properly captured on your P&L. Very manual process for most everyone, a lot of onchain teams operate offchain specifically because it's just harder to get the same benefits... (1/2)
https://splits.ghost.io/send-tokens-privately-and-view-signing-keys/