<oembed><type>rich</type><version>1.0</version><title>JackTheMimic wrote</title><author_name>JackTheMimic (npub1m5…2glzq)</author_name><author_url>https://yabu.me/npub1m50e65pv09ga73lglrkjgh5tlgj006pv9rce8xdg7rn5kps38gssh2glzq</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>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.</html></oembed>