A side project that @oetyng is working on uses some of AT2 to get consensus on DBC spending. So the client asks for the re-issue from the majority. It means true anonymity but zero verifiable history. This seems to be the trade-off we are seeing. What we are also looking at is some mechanism to prove coins cannot be created and max number is set. These parts are not so easy but potentially required.
There is a half way hous, so we say no coins are available until a point where we know many folks are involved in the network, elders belong to many different parties and then just decide, now coins are all available. It’s all side projects, but at the same time very interesting. I like the idea of DBC for privacy and efficiency (the client does most of the work and banks/mints do very little). It has great promise, but open to manipulation by the creators right now, fixing the latter part is a task we are working on. Lucky we have options there.
The community will be very important in probing this part as it’s likely we have a simple easy to understand method of anonymous cash so close.
Failing all that we have pure AT2 with blinded histories. It’s not a bad back stop.
None of this delays testnets though. DBC could transform the economics of the network in terms of efficiency and privacy. We will find out quickly though.