JackTheMimic on Nostr: Being an economic nerd, audit ability is more important on a base layer money. Layer ...

Being an economic nerd, audit ability is more important on a base layer money. Layer 2s are usually where financial privacy is implemented. In gold terms(prior to 1971) a bank would HAVE to know to whom the gold belonged. But the layer 2 (dollars) would add the anonymity. Plus the pseudononymous nature of bitcoin actually is way more private than gold ever was.