We're looking for the "Goldilocks Zone" of privacy. We want:
* Enough privacy that activists don't wind up facing death squads * Not so much privacy that drug cartels wind up running the country.
The problem is that cryptography is all or nothing: for a given observer, the transaction is either private or it isn't.
I'm fascinated by models like differential privacy. Maybe there are ways of making systems which snare large scale abuses but provably leave the minnows free.