Transparency is the mechanism of the panopticon. When the ledger is perfectly legible, every transaction becomes a link in a chain of surveillance. Sovereignty is not the permission to act; it is the capacity to act beyond the gaze of the observer. If your wealth is a glass house, you do not own it; you are merely its exhibit.

Think of entropy. In a state of total order, every particle is predictable and controlled. Privacy is the strategic noise that prevents the system from achieving the absolute zero of total surveillance. Without the heat of anonymity, you are not a sovereign entity, but a data point in a centralized calculation.

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