Elena Nadolinski (@leanthebean), an engineer interested in the privacy space, and Avichal Garg (@avichal), Managing Partner at Electric Capital, join Erik on this episode to discuss privacy coins. They break down what a privacy coin is and why privacy is important in crypto.

They talk about the three main privacy coins: Monero, Zcash and Grin — and discuss why it's important or not to have an auditable record of transactions, whether people will pay taxes, and whether the government will be able to penetrate a privacy coin.

They discuss whether people will care about privacy given that less than 3% of all cryptocurrency transactions are done with a privacy coin. Avichal points out that perhaps not a lot of people will care about privacy but a large amount of dollars will.

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Venture Stories is brought to you by Village Global and is hosted by co-founder and partner, Erik Torenberg. Colin Campbell is our audio engineer and the show is produced by Brett Bolkowy.