Balajis Concept of anonymity vs privacy.

In so many words Balajis is basically saying that for various practical reasons in the real world large cash flows cannot be anonymous. This is fairly accurate, it is also impossible to be continuously anonymous without running awry of tax authorities.

Udi was also saying that the main driver of the next cycle will be people *finding a way to have their shitcoin casino no matter what, regulations be damned*.

Well we know what that implies. It implies Base Layer privacy with Zk features like aztec, not just to protect civil liberties, and not to money launder, the real reason people want Zk privacy is so that their casino can't be shut down, no KYC, no jurisdictional restriction.

The Feds and Fatf and the EU know this too, and the Chicago Mercantile Exchange and Terrence Duffy and Gary Gensler know it too, they're lying and being sneaky about why they mercilessly use aml/kyc policy and why they did what they did with the Treasury. It is only perhaps 30 or 40 percent about US national security, the other 60% of the reason is because the K street lobbyist and incumbent wealth in america *don't want to compete with unregulated products and don't want them interfering with US foreign policy by upsetting economic diplomacy*.

So they know. We know. Everyone knows everyone knows, and everyone is lying. The real reason we had a bull market is because US citizens had access to an unregulated ecosystem that the SEC couldn't shut down, that is literally what happened, and the SEC has had 6 years to allow Binance international to offer products in the US. Instead we see the Canadians, French, and British, and US ban crypto derivatives and enforce heavily, they have no intention of good faith.

We need to get this over with, make a ZK private DeFi ecosystem where KYC and front end censorship with TRM labs is not possible, make it opaque, and force the Treasury to sanction every single smart contract that isn't running a TRM lab front end.

Force them to show their hand and say the quiet part out loud. This is absurd. We know they will use Circle to rugpull stablecoins and liqudity from ever private smart contract, and every single smart contract out of compliance with US regulations, this is clear unilateral behavior by the EU and US against the rest of the world.

They originally wanted Veriscope and TRUST and layer 2 narcware on wallets to enforce travelrule, but it is very difficult to implement legally and technically, so they've resorted to throwing a tantrum and censoring entire smart contracts with The Treasury. Now they're blacklisting smart contracts they don't like with FTX.

So we know good and well where this leads, of course they want to use the major staking power of US exchanges to censor at the block level, they're signalling very loudly to us that they will sanction, and block, and rugpull, and reverse any smart contract they don't like. Just say the quiet part outloud.