Nothing to Hide: The Risks and Realities of Transparent Currencies

The notion that transparency fosters trust fails to account for the indispensable role of privacy. Privacy is not merely a personal preference—it is the guarantor of fungibility, a cornerstone of sound money. And sound money, in turn, safeguards us against inflation and the creeping shadow of authoritarianism. By preserving personal autonomy, private digital cash removes barriers to voluntary exchange and empowers us to associate, think, and speak without constraint. Visibility stifles; flourishing markets and free societies demand the preservation of privacy.

The original article can be found at:

https://mises.org/power-market/nothing-hide-risks-and-realities-transparent-currencies