On the one hand, this seems to prioritize... • a dependency on a central exchange whose failure, or compromise, harms users; & • vigorous enforcement of taxes

On the one hand, this seems to prioritize... • a dependency on a central exchange whose failure, or compromise, harms users; & • vigorous enforcement of taxes – & potentially other onerous regulatory limitations That may make it less of interest to many early adopters of cryptocurrencies. On the other hand, there's technologically lots of potential for proving compliance with tax & regulatory regimes in a strong, minimal, privay-preserving way – helping refactor cooperation with legitimate governance in ways that don't create extra, incidental vulnerabilities to other privacy or extra-legal coercive abuses. This could help advance those practices & highlight future design choices. Whether intentional or not, there's a hint of the word 'Thaler' in the name – originally derived from a place name ('Joachimstal' in modern Czechia) near historically-iimportant silver mining, and also a precursor of the modern English word 'dollar'. https://en.wikipedia.org/wiki/Thaler#Joachimsthaler https://en.wikipedia.org/wiki/Thaler#Joachimsthaler