<oembed><type>rich</type><version>1.0</version><title>naval wrote</title><author_name>naval (npub1n5…20ngn)</author_name><author_url>https://nostr.now/npub1n5r9lpxqewnmpmux7hfdz40xecq30z52x0sef7vend6f0vdjyqds020ngn</author_url><provider_name>njump</provider_name><provider_url>https://nostr.now</provider_url><html>Long term, we need private money or it just gets traced / taxed / seized by the state anyway.&#xA;&#xA;But truly private money makes for a bad store of value. You can’t audit the ledger, so a bug could create unlimited inflation that would be hard to detect.&#xA;&#xA;So privacy is how you move money, not necessarily store it.</html></oembed>