what I mean is
we already rely on cryptographic primitives for public/private key generation (ie nobody else can spend my wallet), proving spends, generating addresses, etc
the whole thing depends on cryptographic primitives most people dont understand.
but if you suggest we should hide amounts and instead use well-understood and established cryptographic primitives to prove supply, everyone loses their fucking mind.
just like a normie who doesn't understand why Bitcoin can't be "hacked" and stolen.
and anyway, most people who go on and on about supply verification don't actually verify the Bitcoin supply anyway, they trust someone else to do it.
I'm not saying there isnt a greater trust assumption with Ring CT, there is.
but complete transparency is a design flaw that was necessary for the 1st mover.
Future us will be totally comfortable trusting the maths to guarantee supply.
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Replies (2)
Sounds like it makes sense.
I with i understood how the math works. Maybe future me shall :)
Thank you for taking the time to develop the answer ๐ค๐ฅ