[vmception]

yeah private cryptos like the Secret Network, Monero, or Tornado.cash contract on the Ethereum network all have a way for the user to provide audits. so what you find interesting about the technology is still available or even more available. Secret Network offloads necessary state information into Intel SGX chips that all the validators have. Tornado.cash generates state information client side and offloads it all client side and must be saved by the user, for now. Monero is much more complicated.

ultimately the only thing changing is the state's ability to flag electronic transactions, as there are no financial intermediaries for them to deputize. they didn't have that ability in the cash based system, and they temporarily got used to it in the electronic one. This is just a reversion to the mean.