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godelski 2 hours ago

It's a real shame the grifters took over cryptocurrencies. I'd love to have a pre-minted ZKP USD style coin. Uncle Sam can take a small transaction fee as consumption tax, people can get wallets as they please. Fully private, semi-decentralized (you don't need full for a government currency), and gov even gets to "tax" transactions on illegal goods (Al Capone). But the two major flaws are that kinda kills a lot of the CC company businesses and it's not great for a country that wants to spy on its citizens. On the flip side, my nightmare is they implement that same system without the ZKP and now your grandma giving you lunch money gets tracked. Weirdly we want with grifting instead. Weird move...