<oembed><type>rich</type><version>1.0</version><title>LynAlden wrote</title><author_name>LynAlden (npub1a2…cw83a)</author_name><author_url>https://yabu.me/npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>I agree with Naval&#39;s take. And this is a thesis I&#39;ve been investing with for some time.&#xA;&#xA;In the long run, privacy is super important for working capital. Sending and receiving with high velocity, privately.&#xA;&#xA;But then once you gain a significant surplus, you want to be able to pull that capital onto a supply-auditable base layer for longer-term savings. The supply-auditable base layer isn&#39;t as private, but since it is pseudonymous it inherits some of the privacy from the fact that you&#39;ve pulled it down to that layer from private working capital.&#xA;&#xA;There are different trade-offs for spending wallets and savings wallets, when it comes to privacy, security, etc.&#xA;&#xA;Wallets that use the open-source Cashu protocol are great for private working capital. And Nostr has been great at integrating them recently.&#xA;&#xA;nostr:note1wzf7juezfjpffe2klc4npjsrmc7a7nxsu600jtz634hla7p7dj6qf73ngj </html></oembed>