What If Lack of Privacy Is What's Preventing Central Banks from Buying Bitcoin?
What if lack of privacy is what's preventing central banks from buying Bitcoin?
"First, Bitcoin lacks privacy. Transactions can be monitored and potentially controlled, which is why central banks aren’t looking to hold it."
Activating a zkSNARK verifier on the Bitcoin L1 will enable Bitcoin to absorb the privacy use case via the Shielded CSV metaprotocol. This was one of my greatest takeaways from Bitcoin Las Vegas.
h/t @robin_linus @liameagen @therealyingtong on their excellent presentation.