Without private transactions, the government will simply create blacklists and tell exchanges & miners that they must refuse to do business with certain blocks/wallets.
That only matters if your plan is to stay with fiat for the long term. If you are planning to replace fiat, then who cares what they do with the exchanges?
Without private transactions, the government will simply create blacklists and tell exchanges & miners that they must refuse to do business with certain blocks/wallets.
That only matters if your plan is to stay with fiat for the long term. If you are planning to replace fiat, then who cares what they do with the exchanges?