Yeah, privacy was sacrificed at the base layer in favor of auditability. It is a tradeoff #privacy advocates are working from in order to deliver these other ways.
And people can still usewallets with coinjoin integration if they want to have privacy at the baselayer.
At least we have options.
Those who dont care about auditability use monero. But for #bitcoin to be the monetary revolution which cannot be inflated , it forces non base layer options.
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why is trusting cryptographic proofs to ensure supply "not caring about auditability?"
dont we trust cryptographic proofs on Bitcoin for essentially everything?
it seems pretty inconsistent that proofs for supply verification is a complete taboo subject.
We specifically don't trust cryptographic hardness assumptions (ECDLP, preimage resistance) to audit supply.