monokh

And in fact they did just this when their vaults started bleeding money on an unfavourable position (JellyJelly). They handed out a closed source binary and the validators ran it immediately, closing out the market at an arbitrary price.

Hyperliquid being on chain in the traditional sense is fiction. You have a closed source piece of software run by closely controlled "validators" with additionally centralised components.

I think you would be surprised just how close to this depth of field look you can get with phone cameras these days. Its mostly digitally enhanced but it takes a real good eye to tell the difference.

It doesn't by itself, but it's a much better start. You can simply match up addresses with activity from other digital systems. That link is present in a global, transparent, up to the minute, cheap to ingest data source (the blockchain).

Comparing that to any other payment system (or combination of) where there is due process in collecting this information (hopefully accurate and valid) you're going to have a much easier time developing tools to detect and alert with Bitcoin.

Do you see any reason why the GBA couldn't perform the role of a hardware wallet? Secure element excluded of course.

A cryptocurrency is generally more easily spendable in an open market. The sell potential that a founder has with 75% of the supply is massive.

If I created a coin today and sold 1% of the supply to you alone, on what basis would you want to store any value in that currency? Given constant buy demand, The currency's market value is defined by what I do. This is why organic price discovery for a currency is important.

I can't remember the last time I could use paper cash. Beyond your daily groceries, everything is usually exclusively paid for digitally.

Surveillance on daily spends is not valuable. What's valuable is things connected to your identity, specifically associations with other individuals and companies.