Vitalik Buterin calls for three mandatory 'transitions' for Ethereum
Vitalik blog = The Three Transitions
Essentially,
The L2 scaling transition - everyone moving to rollups
The wallet security transition - everyone moving to smart contract wallets
The privacy transition - making sure privacy-preserving funds transfers are available, and making sure all of the other gadgets that are being developed (social recovery, identity, reputation) are privacy-preserving
Some experiments already taking place = Visa taps Ethereum's Goerli testnet to experiment with account abstraction, plus the Visa report.
As Visa settles the USDC stablecoin on the Ethereum blockchain, the company can potentially employ account abstraction scenarios to facilitate more user-friendly stablecoin transactions. This includes taking care of transaction fees for users or offering users the option to pay with any token of their choice including stablecoins.
So... in the name of privacy, you get less of it.
honestly
trying to find the full video...
the philosophy of subtraction
into category of trojan horses.
don't forget the funders like Thiel.