PRIVACY BY DEFAULT ON L1S?

Summary from the TLDR Crypto newsletter

Legendary cryptographer Wei Dai weighs in on the pros and cons of whether a base layer like Ethereum should offer privacy by default. On one hand, it is technically feasible for privacy to be implemented, and having it as the default option makes it much more normalized, especially for users from traditional finance. On the other hand, this would be incredibly complex to implement, remove some level of neutrality, and not align with the rollup-centric roadmap's idea of end users never interacting with the base chain. Dai leans towards a transparent base layer with L2s and apps leading the experimentation with privacy based on their goals.