Around minute 40 there is a great discussion of “auditability vs privacy” tradeoffs:
...... something I hadn't fully conceptualized, but when it's explained like this, makes a lot of sense. Basically the L1 can't be fully private if you want anyone with limited storage and compute power to be able to audit it.
Privacy is a good job for L2, which is yet another great reason we should resist bad actors trying to centralize L2s like Lightning.

Fountain
Presidio Bitcoin Jam • Strike's BTC-backed credit, Zcash if Bitcoin fails, Merchant adoption with Square • Listen on Fountain
0:00 Welcome to the Presidio Zcash Jam and our similarities to the View.
1:29 Silicon Valley doesn't know you can build on Bitcoin.
4:02 Latest fro...
