> And it may be an incremental improvement over traditional global finance because there is a much greater ability to publicly scrutinize what goes on.

The flip side is that it’s creating new opportunities for massive privacy problems which would be irrecoverable. People who are trying to hide their activity will take precautions like using shell companies but normal people won’t think to do that or realize that they’re making that level of trust by using a wallet, exchange, etc.

There are some obvious big problems (“do voters know you paid for this porn site 15 years ago?”) but also more personal ones: imagine if employers, insurers, dating apps, etc. started data mining? Again, there are possible ways to mitigate that risk but I’d hesitate to make a lifetime commitment on those being effective and perfectly operated.