> Institutional actors are transacting via backchannels.
As in, they are keeping funds on centralized exchanges? Users can do the exact same thing if they want, not sure I get your point.
As in, they are keeping funds on centralized exchanges? Users can do the exact same thing if they want, not sure I get your point.
I guess I'm not sure how you get from that to privacy only being achievable by institutions?
The only points being made are that (1) virtually nobody actually wants their entire life's transactions recorded on an immutable public ledger, and (2) the people whose economic activity currently backs the speculate value of these coins play by a different rulebook entirely.
I guess this is where I don't know what you mean, specifically