So Jimmy’s point is that because you can’t tell if a coin’s scarcity is being abused on a private chain somehow we should all give up on aspirations of privacy. I get what he’s saying but I definitely don’t agree. There is a place for privacy in finance…
Immutability and security of the monetary protocol has to be Number 1 priority. Without that we have nothing.
Not saying there isn’t a privacy solution…but scaling on chain wasn’t a good solution, at-least not direct scaling… Perhaps privacy isn’t either…or at least not direct privacy.
But I’m certain there are software refinements or implementations that make privacy more attainable, and certainly 2nd layer or side chain solutions.